(Reuters) - "We have temporarily suspended redemptions," said Michael
Gregory, spokesman for United Capital Markets in Key Biscayne,
Florida. The firm offered no further comment but said a
statement would be forthcoming later on Tuesday.
The funds hold most of the firm's assets under management,
which stood at about $619 million as of March. The company has
had an unusually high number of redemption requests, including
one from an investor who had put up about 25 percent of the
funds' money, and it did not want to be a forced seller of
securities, according to a report on Bloomberg News' Web site.
Read more at Reuters.com Bonds News
Gregory, spokesman for United Capital Markets in Key Biscayne,
Florida. The firm offered no further comment but said a
statement would be forthcoming later on Tuesday.
The funds hold most of the firm's assets under management,
which stood at about $619 million as of March. The company has
had an unusually high number of redemption requests, including
one from an investor who had put up about 25 percent of the
funds' money, and it did not want to be a forced seller of
securities, according to a report on Bloomberg News' Web site.
Read more at Reuters.com Bonds News
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