Citizens Bank Earns 1999 Lipper Performance Achievement Award for Managing Number One Performing Fund: Golden Oak Michigan Tax Free Bond Portfolio - Institutional Shares -.Business Editors FLINT, Mich.--(BUSINESS WIRE)--March 20, 2000 Ranks Number One in Lipper Michigan Municipal Debt Fund Performance Citizens Bank today announced it has been recognized by Lipper--the financial industry's premier provider of fund data and analysis--for managing the number one performing fund in its category. In the Michigan Municipal Debt Funds category, the Golden Oak Michigan-Tax Free Bond Portfolio-Institutional Shares (proprietary mutual funds advised by Citizens Bank) were recognized by the Lipper Fixed Income Fund Performance Analysis Service for top performance for the one-year period ending December 31, 1999, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jill Perry, Golden Oak Product Manager. The Golden Oak Michigan Tax-Free Bond Portfolio Retail shares were also recognized for their strong performance, she said. Retail shares were ranked number two, among the 48 Michigan Tax-Free Funds. The funds are managed by Richard Cross Richard Cross is the name of:
According to Perry, receiving the 1999 Lipper Performance Achievement Award is a significant accomplishment; most funds never win a Performance Achievement certificate. "We are pleased with the performance of the Golden Oak Tax-Free Bond Portfolio," Perry said. "Recognition from Lipper is significant and reflects the solid performance of this bond fund. We are honored to receive recognition from the Lipper organization. This honor reflects the management expertise of the seasoned investment professionals here at Citizens Bank and the high ranking See Google bomb. reflects positively on the fund's investment process and strategy." Lipper is the trademark for Lipper Analytical Services, which tracks the performance of mutual funds. Citizens Bank is a subsidiary of Citizens Banking Corporation, a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company, providing a wide range of commercial, consumer, mortgage banking, trust, investment and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against services to a broad client base. With a long standing tradition of community banking, Citizens serves markets throughout Michigan, suburban Chicago, Illinois, and through F&M Bank offices in Wisconsin, Minnesota, and Iowa with over 220 banking offices and over 240 ATMs. Citizens has assets of nearly $8 billion. Trust assets are over $3.8 billion. For more news and information about Citizens Bank visit www.cbClientsFirst.com. (1) Certain shareholders may be subject to the Alternative Minimum Tax (AMT See vPro. ). (2) The Golden Oak Funds are distributed through SEI Investments Distribution Co. Inc., Oaks, PA, 19456. SEI Distribution Co. is not affiliated with Citizens Bank or any of its affiliates. Citizens Bank serves as investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and for the Golden Oak Family of Funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". . For more complete information, including information on charges and expenses, call 1-800-545-6331 for a free prospectus. Investors are advised to read it carefully before investing in or sending money. Mutual funds involve risk, including loss of principal. They are not FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). insured, nor is there any bank guarantee. They may lose value, according to Citizens Bank. |
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