PDA

View Full Version : BlackRock Addresses Third Party Pricing of Closed-End Fund Auction Rate Preferred Sha


Yahoo! Finance
03-31-2008, 05:20 PM
<b>Yahoo! Finance: Mutual Fund News</b>

NEW YORK----BlackRock, Inc. today announced that it has learned that as a result of the recent illiquidity in the auction rate preferred shares market certain broker dealers recently made the decision to value ARPS below par on client statements.

complete story here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/080331/20080331006508.html?.v=1)