A Prospectus Supplement filing for the $52 million SEI Daily Inc Trust Treasury Fund F (SEPXX) announces the "Liquidation of the Treasury Fund." It explains, "At a meeting of the Board of Trustees (the "Board") of SEI Daily Income Trust (the "Trust") held on April 23, 2019, the Board approved the liquidation of the Fund, a series of the Trust. The decision to liquidate was based on low asset levels in the Fund, which are not expected to increase in the future. Accordingly, the Fund will commence the orderly liquidation and distribution of its portfolio pursuant to a plan of liquidation approved by the Board. Each shareholder will receive its pro rata portion of the Fund's liquidation proceeds. It is currently expected that the liquidation proceeds of the Fund will be distributed to shareholders on or about June 27, 2019." SEI is the 28th largest manager of money market funds with $9.7 billion as of May 31, 2019 <b:>`_. (See also our April 9 Link of the Day, "SEI DIT Treasury Files Form N-CR.")

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024
December
November
October
September
August
July
June
May
April
March
February
January
2023
December
November
October
September
August
July
June
May
April
March
February
January
2022
December
November
October
September
August
July
June
May
April
March
February
January
2021
December
November
October
September
August
July
June
May
April
March
February
January
2020
December
November
October
September
August
July
June
May
April
March
February
January
2019
December
November
October
September
August
July
June
May
April
March
February
January
2018
December
November
October
September
August
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
May
April
March
February
January
2013
December
November
October
September
August
July
June
May
April
March
February
January
2012
December
November
October
September
August
July
June
May
April
March
February
January
2011
December
November
October
September
August
July
June
May
April
March
February
January
2010
December
November
October
September
August
July
June
May
April
March
February
January
2009
December
November
October
September
August
July
June
May
April
March
February
January
2008
December
November
October
September
August
July
June
May
April
March
February
January
2007
December
November
October
September
August
July
June
May
April
March
February
January
2006
December
November
October
September