Prudential Financial Inc. says the boards for 3 funds and portfolios have decided to extend the funds’ participation in a U.S. Treasury Department stabilization program.
Eligible JennsionDryden and Target mutual funds and the Prudential Institutional Liquidity Portfolio will stay in the department’s Temporary Guarantee Program for Money Market Mutual Funds, according to Prudential Financial Inc., Newark, N.J.
The program protects money market fund assets.
The program was set to expire Dec. 18, but the life of the program now has been extended until April 30, 2009.
The funds participating in the program are MoneyMart Assets; Dryden Money Market Fund; Dryden Government Securities Trust/Money Market Series; Cash Accumulation Trust/Liquid Assets Fund; Target Portfolio Trust/U.S. Government Money Market Portfolio; and Prudential Institutional Liquidity Portfolio/Institutional Money Market Series.