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BIBLIOGRAPHY

The Reserve Fund — Press Release, September 16, 2008 (The Primary Fund: Lehman securities valued at zero; NAV $0.97 per share)

The Reserve (Reserve Management Company, Inc.; Board of Trustees of The Reserve Fund)

Claims Supported by This Source

  1. The Primary Fund valued the bonds issued by Lehman Brothers Holdings (face value $785 million) at zero as of 4:00 PM on September 16, 2008 (New York time).
  2. As a result, The Primary Fund's net asset value (NAV) per share was $0.97 at that time.
  3. Redemption requests received before 3:00 PM on the same day would be paid at $1.00 per share.
  4. From that day for the time being, the transfer of redemption proceeds would be delayed for up to 7 calendar days (excluding transactions by check, debit card, or ACH for $10,000 or less). Purchase orders would continue to be accepted.

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