BlackRock's TempFund tweaks its investment limitation policy

By Toni Weeks

San Diego, Dec. 29 - BlackRock Liquidity Funds announced it has amended the non-fundamental investment restrictions for its TempFund, according to a 497 filing with the Securities and Exchange Commission.

The fund's securities will now be first-tier eligible securities that are rated at the time of purchase in the highest rating category by at least two nationally recognized rating organizations or by one organization if the security or issuer was only rated by one organization.

Previously, securities purchased by TempFund were first-tier eligible securities that were rated at the time of purchase in the highest rating category by either Standard & Poor's or Moody's Investors Service, Inc. as well as in the highest rating category by any other nationally recognized rating organization.

TempFund's investment adviser is Wilmington, Del.-based BlackRock Advisors, LLC.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.