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Monday, April 27, 2020|
Then a Public MF Shop Turned Down Stimulus Funds
A small, publicly traded mutual fund firm will no longer be receiving funds from a certain federal stimulus package.
The New York Post and Reuters picked on Manning's about face as controversy over other PPP loan recipients continues.
Manning's change of heart on PPP came a day after its team revealed that two Manning subsidiaries, Manning & Napier Advisors and Rainier Investment Management, had applied for $6.7 million in PPP loan assistance and that they expected to receive the funds in the coming weeks.
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