Legg Mason to Liquidate Assets of Tax-Exempt Trust, Two Other Funds

Fine, Jacob
February 2006
Bond Buyer;2/15/2006, Vol. 355 Issue 32320, p7
Trade Publication
The article reports on the plan of the Legg Mason Inc. to remove several money market funds that no longer function as sweep accounts for clients of its former retail brokerage. The plan includes the Legg Mason Tax-Exempt Trust and other taxable funds. Assets in the funds has been dwindling. Termination of the funds is subject to the approval of shareholder.


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