Giordano Fund to liquidate Dec. 30; sale of new shares halted

By Toni Weeks

San Diego, Dec. 12 - The board of trustees of the Giordano Fund agreed at a meeting held on Dec. 7 to discontinue the fund on Dec. 30, according to a 497 filing with the Securities and Exchange Commission.

The liquidation was recommended by Annapolis, Md.-based Giordano Asset Management, LLC, the fund's investment advisor.

The fund's portfolio securities will be liquidated and all outstanding shareholder accounts closed on Dec. 30. Proceeds will be sent to the shareholder's address of record.

The fund has ceased the sale of new shares and will not accept purchase orders, effective Monday. It will accept redemption orders until Dec. 30.

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