Dow Jones reports, "Reserve International Liquidity Fund To Distribute $200 Mln, which says of the "offshore" (non-U.S.) money market fund, "Reserve International Liquidity Fund plans to distribute $200 million to shareholders on Wednesday, the offshore fund's third distribution since its asset value fell below $1 per share last year." Reserve's release says, "The Reserve is pleased to announce that it will begin its third distribution to shareholders of the Reserve International Liquidity Fund Ltd. on November 25, 2009 in the amount of $200 million. The distribution will be commenced provided that the requisite approvals are obtained from the New York Supreme Court and the British Virgin Island Commission. These approvals are expected to be received on November 23, 2009. This distribution represents approximately 39% of the remaining total assets of the Fund ($507 million) as of the close of business on November 19, 2009. At the conclusion of this distribution, approximately $2.5 billion or 86% of the Fund's assets as of the close of business on September 15, 2008 will have been returned to shareholders.... The Fund's total assets were approximately $2.8 billion at the close of business on September 15, 2008 and the Fund's net asset value fell below $1.00 per share on September 16, 2008."
