Business Services Industry
Van Kampen Announces Participation in U.S. Treasury Temporary Guarantee Program for Money Market Funds
Business Wire, Oct 7, 2008
CHICAGO -- Van Kampen Investments Inc. announced today that the Van Kampen Funds' Board of Directors has approved the participation of its money market funds in the U.S. Treasury Temporary Guarantee Program. Van Kampen offers three SEC registered 2a-7 funds and each of these funds will apply to be insured under the program.
"While the Van Kampen money market funds have maintained their $1 NAV throughout the recent unprecedented turmoil and continued to meet their stated objectives of capital preservation and liquidity, we are pleased to participate in the U.S. Treasury Temporary Guarantee program to provide an added level of assurance for our shareholders," said Jerry Miller, Chief Executive Officer of Van Kampen.
Van Kampen Asset Management, the Funds' investment adviser, is a wholly owned subsidiary of Van Kampen Investments Inc. ("Van Kampen"). Van Kampen is one of the nation's largest investment management companies, with approximately $123 billion in assets under management or supervision, including approximately $30 billion in assets branded Van Kampen but advised by an affiliate of Van Kampen's, as of August 31, 2008. With roots in money management dating back to 1927, Van Kampen has helped nearly four generations of investors achieve their financial goals. For more information, visit Van Kampen's website at www.vankampen.com.
Copyright [c]2008 Van Kampen Funds Inc. All Rights Reserved. Member FINRA/SIPC.
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