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Friday, November 13, 2009

Three First Funds Won't Last Until 2010

News summary by MFWire's editors

First Financial Capital Advisors is bidding adieu to three of its funds according to SEC filings released November 10th. On November 9th, 2009, the Board of Trustees of the Trust agreed to liquidate the First Caliber Equity, First Sterling Income, and First Elite Money Market funds by December 18th, 2009.

As of market close on November 12 (according to Google Finance), First Caliber held $43.21 million and First Sterling held $58.16 million.

Beginning November 10th, new or subsequent investments were no longer accepted in the Funds, with the exception that participants in certain group retirement plans were able to invest in the funds. Investments made pursuant to the Funds' automatic investment plans will continue until the liquidation date arrives. 

Edited by: Patricia Kelly

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