Alabama PACT board approves investment shift from stocks to bonds
Alabama's Prepaid Affordable College Tuition board voted 7-3 this afternoon to change the way its money is invested, shifting most of its assets from stocks to bonds...The amount kept as cash would depend on cash flow and tuition expenses.
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- News Source: The Birmingham News | 20 days agoAlabama's Prepaid Affordable College Tuition board voted 7-3 this afternoon to change the way its money is invested, shifting most of its assets from stocks to bonds...The amount kept as cash would depend on cash flow and tuition expenses.
- News Source: The Birmingham News | 20 days agoThe investment fund backing Alabama's prepaid college tuition program is $345 million short of what it needs to meet its obligations, the program's board of directors has been told. Bob Crompton, an Atlanta accountant who prepares an actuarial report...
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