Thursday, June 7, 2012

Secretary of State Sets Deadline

News From the Secretary of State's Office

Millions in Morgan Keegan Settlement
Left Unclaimed
Eligible Investors face June 16th Deadline

Jackson, MS—Eligible investors face a June 16, 2012 deadline to file a claim for a portion of a multi-million dollar settlement with Morgan Keegan. Last June, Secretary of State Delbert Hosemann successfully negotiated a settlement on behalf of investors who invested in certain Morgan Keegan bond funds.

“These settlement funds will bring some relief to Mississippians who may have experienced certain financial hardship due to these investments. We want them to receive the money they deserve,” says Secretary Hosemann. “Failure to submit a claim by the deadline may cost these Mississippians thousands of dollars.”

Approximately 2,400 Mississippians are eligible to receive settlement funds and over 1,600 Mississippians still need to submit a claim by the June 16th deadline or they lose their settlement dollars.

The following funds were involved in the settlement:

  • Regions Morgan Keegan Select Intermediate Bond Fund
  • Regions Morgan Keegan Select High Income Fund
  • Regions Morgan Keegan Advantage Income Fund
  • Regions Morgan Keegan High Income Fund
  • Regions Morgan Keegan Multi-Sector High Income Fund
  • Regions Morgan Keegan Strategic Income Fund  
  • Regions Morgan Short Term Bond Fund

“Despite numerous attempts to contact the individuals eligible to receive settlement funds, over 1,600 eligible Mississippians need to file their claim before the June 16th deadline. We encourage these individuals to do so immediately.”

No late claims will be accepted. Claim forms are available on the Secretary of State’s website at Investors may contact the company handling the claims process for the settlement, A.B. Data, toll free at 1-888-208-9083, or, the Secretary of State’s office at (601) 359-6742.

The Rez News

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