Stein Roe Mutual Funds Announces Winners of 6th Annual Young Investor Essay Contest.Business Editors CHICAGO--(BUSINESS WIRE)--April 25, 2002 Stein Roe Mutual Funds, a division of Columbia Management Group Columbia Management Group is Bank of America Corporation's primary investment management division. It administers the Columbia Funds family of mutual funds, some of which were previously known by the NationsFunds brand. , today announced the winners of its annual nationwide Young Investor(SM) Essay Contest. The contest was open to fifth- through twelfth-grade students. A total of $34,000 in Stein Roe Young Investor Fund shares will be divided among the winners. From more than 1,000 entries, three winners (first, second and third place) were chosen from four separate grade categories (5th-6th, 7th-8th, 9th-10th & 11th-12th ). The essays were judged on content, writing style and writing mechanics. The winners are: 5th and 6th Grade: 1st place -- Kelsey Komrij - Santa Rosa, California Santa Rosa is the county seat of Sonoma County, California, USA. As of January 1 2007, the population of Santa Rosa was approximately 157,985 residents. Santa Rosa is the largest city in California's Wine Country and fifth largest city in the San Francisco Bay Area, after San 2nd place -- Annie Doisneau - Needham, Massachusetts 3rd place -- Morgan Killough - Port Deposit, Maryland Port Deposit is a town in Cecil County, Maryland, United States. It is located on the north bank of the Susquehanna River near its discharge into the Chesapeake Bay. The population was 676 at the 2000 census. 7th and 8th Grade: 1st place -- Margo Peyton - Fox Point, Wisconsin Fox Point is a village in Milwaukee County, Wisconsin, United States. The population was 7,012 at the 2000 census. Fox Point is located in the North Shore part of the Milwaukee metropolitan area. It is named after a small point extending out into Lake Michigan. 2nd place -- Kriti Gandhi - Ellicott City, Maryland Ellicott City is an unincorporated community and census-designated place in Howard County, Maryland, United States. The population was 56,397 at the 2000 census. It is the county seat of Howard CountyGR6. 3rd place -- Kazlin Mason - Westfield, New York 9th and 10th Grade: 1st place -- Alexandra Stern - Syosset, New York Syosset is a hamlet (and a census-designated place) in Nassau County, New York, within the Town of Oyster Bay. It is a designated hamlet located on the North Shore of Long Island. The population was 18,544 at the 2000 census. 2nd place -- Benjamin Kubaryk - Lajas, Puerto Rico Lajas is a municipality of Puerto Rico located in southwestern region, south of San Germán and Sabana Grande; east of Cabo Rojo; and west of Guánica. Lajas is spread over 11 wards and Lajas Pueblo (The downtown area and the administrative center of the city). 3rd place -- Ben Oldenburg - Bedford, Ohio 11th and 12th Grade: 1st place -- Danielle Flythe - Washington, DC 2nd place -- Isaac Starobin - Yonkers, New York Yonkers is the fourth largest city in the State of New York (it falls behind New York City, Buffalo, and Rochester), and the largest city in Westchester County, with a population of 196,086 (according to the 2000 census). 3rd place -- Michael O'Keefe - Patterson, New York Patterson is a town in Putnam County, New York, United States. The population was 11,306 at the 2000 census. The town is named after early farmer Matthew Paterson. The town is spelled with two "t"s to avoid confusion with Paterson, New Jersey. "The participants in this year's contest very articulately outlined some of the most important rules of personal investing and defined what being a successful investor is all about," said Karl Schofield, senior vice president of direct marketing for Liberty Funds Group. "It is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that so many young people are taking the time to understand investing and financial issues." Each first place winner receives $5,000 in Young Investor Fund shares. Second place winners receive $2,500 in shares, and third place winners receive $1,000 in shares. Fund shares are deposited into a new or existing custodial account. The contest ran from Oct. 1, 2001 through Dec. 31, 2001. Purchase of fund shares was not necessary in order to enter the contest. This year's contest was expanded to include high school-aged students. In 250 words or less, the middle-school students were asked to answer: "What are the most important lessons you have learned about money and investing? How do you think this knowledge will help you in the future?" The high school students were asked to write on this topic: "Tell us about someone who you consider a successful investor. Please include three rules you believe every investor should follow." Judges for the contest included David Brady and Erik Gustafson, portfolio managers of the Young Investor Funds; Karl Schofield, senior vice president of direct marketing for Liberty Funds Group; Doug Stotz, executive vice president strategy and product management; and Janet Bodnar, executive editor at Kiplinger's Personal Finance Kiplinger's Personal Finance (KIP-lin-jerz) is a magazine that has been continuously published, on a monthly basis, from 1947 to the present day. It was the nation's first personal finance magazine, and prides itself on delivering "sound, unbiased advice in clear, Magazine, and author of the book Dollars & Sense for Kids published by Kiplinger/Times Business. The Stein Roe Young Investor Fund, a no-load mutual fund No-load mutual fund An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee. introduced in April 1994, and the Liberty Young Investor(SM) Fund, an intermediary-sold version of the Fund, seek to provide long-term growth of capital while helping teach young people about money and investing. Combined, the two funds have more than 200,000 children with custodial accounts and $1 billion in assets. The fund managers invest in securities of what they believe to be strong growth companies, many of whose products and services appeal to and affect the lives of children and teenagers. The Fund achieves its educational objective through a variety of educational materials including a quarterly newsletter, Dollar Digest . for our younger shareholders and "It's Your Money" for our teenage investors; a saving and investing activity guide; and an owner's manual that explains financial concepts in easy-to-understand language. On November 1, 2001, FleetBoston Financial Corp. announced it had completed the acquisition of the asset management businesses of Liberty Financial Companies, Inc. FleetBoston Financial (NYSE NYSE See: New York Stock Exchange : FBF) is the seventh-largest financial holding company in the United States. A $200 billion diversified financial services company; it offers a comprehensive array of innovative financial solutions to 20 million customers in more than 20 countries and territories. Columbia Asset Management Group, the asset management arm of FleetBoston Financial has $170 billion in investment 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. , ranking it among the world's 30 largest asset managers. Some 39 percent of these investment assets are institutional, 34 percent are in mutual funds, and 27 percent are managed for high net worth individuals in Fleet's Private Clients Group. Columbia's asset management businesses comprise such well known names as Colonial Management Associates, Stein Roe & Farnham, Columbia Management, Galaxy Funds, Wanger Asset Management, Newport Pacific Management, Progress Investment Management, and Crabbe Huson Group. (1) A signed affidavit from each parent has been received which provides consent to use the names of each winner Editors Note: The full text of all 12 winning essays can be read at www.steinroe.com or by calling 312-368-7702 to request a copy. For more complete information about Stein Roe Young Investor(SM) Fund, including a prospectus, please call a Stein Roe account representative at 800-338-2550. Please read the prospectus carefully before you invest or send money. |
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