Prudential Financial Inc. says the boards for several 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 April 30, but the expiration date now has been pushed back until Sept. 18.
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.