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Butterfield Liquid Reserve Fund Ltd - Suspension Of NAV's
Hamilton, Bermuda €” 17 June, 2009 - Following a meeting of the Directors of the Butterfield Liquid Reserve Fund Ltd (the "Fund") (Ticker: BUTLRSI.BH), the Fund has informed the Bermuda Stock Exchange ("BSX") that, as stated in a letter to shareholders, dated 12 June, 2009, it has decided to suspend the Net Asset Value ("NAV") of the Fund as of 17 June, 2009.
To help protect the investments of the shareholders in the Fund, the NAV will remain suspended until such time as the market for the underlying investments stabilizes. As a consequence, subscriptions to and redemptions from the Fund will also be suspended effective 17 June, 2009, until further notice.
Enquiries should be directed to Butterfield Asset Management Ltd - (441) 299-3817