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Wilmington Funds to Participate in New Money Market Guarantee Program.

Insurance Will Provide Additional Reassurance to Shareholders During Period of Market Volatility

WILMINGTON, Del. -- Wilmington Trust announced today that the Board of Trustees of its mutual fund family, the Wilmington Funds, authorized participation in the U.S. Treasury Department's new Temporary Money Market Guarantee Program.

The voluntary program, which is designed to provide stability to the markets, provides insurance protection to shareholders of record in participating money market funds as of September 19, 2008. The guarantee would be triggered if a participating fund's share price were to fall below $0.995 from its customary $1.00 share price.

The three participating Wilmington Funds are the Wilmington Prime Money Market Fund, the Wilmington U.S. Government Money Market Fund, and the Wilmington Tax-Exempt Money Market Fund. Combined, these funds have approximately $6.5 billion in assets under management. All three funds seek to provide income while preserving capital and liquidity. They are managed to maintain a stable $1.00 share price, and none of the funds has ever slipped from that level. The Prime and U.S. Government Money Market Funds are rated Aaa and AAAm, respectively, by Moody's Investors Service and Standard & Poor's.*

"We remain confident in the stability of our money market funds but would like to provide additional reassurance for shareholders who may have concerns in light of the extraordinary events of the last few weeks," said John J. Kelley, president of the Wilmington Funds. "As a result, we have chosen to participate in the Treasury Department's voluntary guarantee program."

The Treasury Department's money market fund guarantee program will last until December 18, 2008, at which point it could be extended by the Secretary of the Treasury until September 18, 2009.

Wilmington Trust Corporation (NYSE: WL) is a financial services holding company that provides Regional Banking services throughout the mid-Atlantic region, Wealth Advisory Services for high-net-worth clients in 36 countries, and Corporate Client Services for institutional clients in 86 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware. Wilmington Trust Corporation and its affiliates have offices in Arizona, California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam.

You should carefully consider the investment objectives, risks, charges, and expenses of the Wilmington Funds before investing. A prospectus with this and other information may be obtained by visiting or by calling 1-800-336-9970. The prospectus should be read carefully before investing.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in such a fund.

*The Moody's Investors Service Aaa rating reflects Moody's opinion of the strong overall credit quality of the Funds' investments, the highly liquid portfolio structure, the conservative investment guidelines and practices of the Funds' advisor, and the Funds' effective operating controls and compliance procedures. The Standard & Poor's AAAm rating indicates the agency's opinion that the Funds offer extremely strong capacity to maintain principal stability and to limit exposure to loss due to credit, market, and/or liquidity risks. Moody's Investors Service and Standard & Poor's fund ratings are not recommendations to buy or sell shares.

Brokerage services, mutual funds, and other securities are offered by Wilmington Brokerage Services Company (WBSC), a registered broker/dealer and wholly owned subsidiary of Wilmington Trust Company and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Wilmington Funds are entities separate and apart from Wilmington Trust and WBSC. This information is not intended as a recommendation or determination by WBSC that any fund is suitable for a specific investor. Investment products are not deposits of or other obligations of or guaranteed by Wilmington Trust or any other bank or entity, and are subject to investment risks, including the possible loss of principal amount invested.

The Wilmington Funds are distributed by Professional Funds Distributor, LLC.
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Publication:Business Wire
Date:Oct 3, 2008
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