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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Compliance/Regulation/Legal, Fund Management/Administration, Investment

Reserve Primary Fund says no priority for CIC in redeeming investment

Posted on 17 October 2008

From Forbes: Reserve Primary Fund said in a statement that Sovereign wealth fund China Investment Corp (CIC) will not receive priority ahead of other investors in the return of its funds.

‘Stable Investment Corp, an affiliate of CIC, is an investor in the Reserve Primary Fund and will be receiving distributions from the Fund in accordance with the final Plan of Liquidation,’ RPF said. ‘Stable Investment Corp will not receive any funds prior to other investors in the Primary Fund, and the price per share it receives will be determined by the final Plan of Liquidation,’ it added….. Full Article: Source


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