On March 31, 2009, the Department of the Treasury extended its temporary guarantee program for money market mutual funds through September 18, 2009. The program, which had been scheduled to expire on April 30, 2009, guarantees a participating money market fund's $1 per share value through September 18, 2009 for assets held in a fund as of the close of business September 19, 2008, or to shares held in the fund when a guarantee payment is made, whichever is less. Investors cannot acquire Treasury protection for investments made after September 19, 2008, and closing or transferring an account would mean losing the guarantee for those assets.
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