Mr. Greene said that as soon as he learned that his fund was in trouble, he submitted a redemption request to Bear Stearns, through his broker.
Goldman advised the trustee not to honor it, saying that the contract it had struck with UPMC required 30 days to pass before a redemption request could be honored.
3A says it didn't submit a redemption request as a result.
When an equity-ETF gets a redemption request, it is almost always an in-kind redemption.
In fact, it is now being liquidated in the Cayman Islands, where its big feeder fund is domiciled, following a redemption request from Russell Investments, Laurus' largest investor.
Just make sure you purchase one of the nine lenses from an authorized dealer by March 31st with a redemption request post-marked no later than April 15th.
"In no way does NBC's request for redemption create a liquidity event," the company's chief financial officer, Tom Severson, said in a statement.
But it's hard to take Wahlberg's request for redemption seriously, considering even as an adult, he's made comments that are just as nasty as the things he said as a street kid.
But it's hard to take Wahlberg's request for redemption seriously, considering he's made comments as an adult that are just as nasty as the things he said as a street kid.
Paxson's chairman, Lowell W. Paxson, who a spokeswoman said was too busy yesterday to respond to calls for comment, also issued a statement in which he said, "We believe NBC's request for redemption provided clarity to the marketplace and that our discussions in the coming months with strategic partners and buyers of the company will benefit from the temporary elimination of NBC's path to control".
