Curtis D. Sharp
Executive Officer for Denominational and Public Relations
214-720-2127
Curt.Sharp@GuideStone.orgGuideStone Funds accepted into Treasury Department’s program
October 11, 2008
Updated: As of Oct. 23, 2008, GuideStone Funds has been accepted to the U.S. Treasury Department’s temporary Guarantee Program for Money Market Funds.
DALLAS — GuideStone Funds has applied to participate in the U.S. Treasury Department’s temporary Guarantee Program for Money Market Funds.
Under the Program, the U.S. Treasury will guarantee investors in GuideStone Funds’ Money Market Fund that they will receive a valuation of $1 per share of the money market fund held as of the close of business on Sept. 19, 2008. It does not cover any additional money market fund shares purchased since Sept. 19.
With this program, an investor’s money is covered for the lesser of either 1) the balance on Sept. 19, or 2) the balance of the fund on the day the fund failed to maintain its stable $1 per share price, an event sometimes referred to as “breaking the buck.” The program will expire on Dec. 19, 2008, unless the Treasury Department exercises its option to extend the program through Sept. 18, 2009.
“We do not anticipate needing to utilize the Treasury’s coverage, however, we are seeking to join the Treasury’s program to aid in the confidence our participants continually place in GuideStone,” GuideStone Financial Resources Chief Operating Officer John R. Jones said. “GuideStone’s Money Market Fund has always sought to maintain a stable per share price of $1, and is currently very ‘healthy’ and well-positioned despite the distressed credit markets. It remains strong, even in the face of current market conditions,” Jones said.
“We believe GuideStone’s Money Market Fund investors will find satisfaction in knowing that their assets are protected with the Federal guarantee particularly if economic and market conditions continue to deteriorate.”
During this period of market uncertainty, GuideStone has created a resource page on its Web site to answer common questions participants have. It can be accessed by clicking the banner at the top of the organization’s Web site.
Find out more information about the Treasury Department’s guarantee program.
| Mike Riego is the investor relations specialist for GuideStone Funds. |
| In the absence of the U.S. Treasury Department’s Temporary Guarantee Program for Money Market Funds, an investment in the Money Market is not insured by the Federal Deposit Insurance Corporation or any other governmental agency. Although the fund seeks to maintain a value of $1.00 per share, it is possible to lose money. |
| You should carefully consider the investment objectives, risks, charges and expenses of GuideStone Funds before investing. For a copy of the prospectus with this and other information about the funds, please download a prospectus (pdf) or call 1-888-98-GUIDE (1-888-984-8433). You should read the prospectus carefully before investing. |
GuideStone Funds shares are distributed by PFPC Distributors, Inc., a registered broker-dealer and underwriter of the funds, 760 Moore Rd., King of Prussia, PA 19406.
GuideStone Funds shares are distributed by PFPC Distributors, Inc., a registered broker-dealer and underwriter of the funds, 760 Moore Rd., King of Prussia, PA 19406.
Word Version - GuideStone Funds applies to participate in Treasury Department’s Temporary Guarantee Program for Money Market Funds.