Berger Funds Introduces Innovative Gift Account Program.Business Editors DENVER--(BUSINESS WIRE)--Oct. 22, 2001 Berger Funds announced today the introduction of the Berger Gift Account Program. The innovative program is intended for individuals (donors) who want an easy and automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. way to gift shares of Berger Funds to another person, but do not wish to be an owner, custodian bailee (custodian) n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. , or trustee on the account. "Our new Gift Account Program was designed to fill the gap between donors and recipients by streamlining the process of gifting shares. Participants may contribute to a gift account on a regular basis with no more check writing," said Berger President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jack Thompson. "The program is not only a convenient way to open and maintain a gift account, but also makes it easier for investors to take advantage of the benefits of dollar cost averaging." Berger's Gift Account Program allows donors to bypass the minimum initial investment requirement of $2,500, by setting up a Low Minimum Investment Plan with as little as $50 to start, and a commitment to subsequent purchases of at least $50 per month. The Gift Account Program is an easy and convenient method for funding accounts -- including UGMAs and UTMAs -- not a type of account ownership. Donors have complete control over the initial fund selection and the amount and frequency of their systematic investment plan, but the gift recipient has full control over all aspects of the account. For more detailed information about how to open an account via Berger's new Gift Account Program, please visit www.bergerfunds.com. About Berger With approximately $6.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , Berger manages 12 no-load funds A type of Mutual Fund that does not impose extra charges for administrative and selling expenses incurred in offering its shares for sale to the public. , including Berger Growth Fund, Berger Large Cap Growth Fund, Berger Balanced Fund Balanced Fund A mutual fund that invests its assets into the money market, bonds, preferred stock, and common stock with the intention to provide both growth and income. Also known as an asset allocation fund. , Berger Small Company Growth Fund, Berger Mid Cap Growth Fund, Berger New Generation Fund, Berger Select Fund, Berger Information Technology Fund, Berger Small Cap Value Fund (closed to new investors), Berger Mid Cap Value Fund, Berger Large Cap Value Fund and Berger International Fund. The SEC requires that the following information be included in this news release: To obtain a prospectus for the Berger Funds that contains more complete information, including risks, fees and expenses, call 1-800/333-1001. Please read it carefully before investing. Periodic investing does not assure a profit or protect against loss in a declining market. Berger Distributors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control -- Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). (10/01) |
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