Rules and Regulations
promulgated
under the
Investment Company Act of 1940
Rule 17a-9 -- Purchase of Certain Securities From a Money Market Fund by an Affiliate, or an Affiliate of an Affiliate
The purchase of a security that is no longer an Eligible Security (as defined in
paragraph (a)(10) of Rule 2a-7) from an open-end
investment company holdong itself out as a "money market" fund shall be
exempt from Section 17(a) of the Act, provided
that;
The purchase price is paid in cash; and
The purchase price is equal to the greater of the amortized cost
of the security or its market price (in each case, including accrued interest).
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