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Morgan Keegan bond fund claims due now

Must be postmarked by June 16 to receive settlement funds

FRANKFORT, Ky. – (June 6, 2012) –Today the Department of Financial Institutions (DFI) announced the deadline to file a claim to participate in the Morgan Keegan Bond Fund Claims Process is June 16. Late filings will not be accepted.

Eligible claimants should have received a Notice and Proof of Claim Form in February from the fund administrator, A.B. Data Ltd. Potentially eligible claimants had lost money in one or more of seven proprietary bond funds from Morgan Keegan that were investigated by DFI and securities regulators from four other states. Account holders with losses may be entitled to receive a portion of the settlement fund.

“It is critical that eligible claimants file their form by the June 16 deadline,” said Shonita Bossier, DFI Securities Division Director. “We are very pleased to be able to get money back for investors in this multi-state case, and we hope claimants will meet the deadline so they can receive their restitution.”

Investors will be receiving $200 million from state and federal regulators’ settlements with Morgan Keegan & Company and Morgan Asset Management. The settlements resulted from an investigation of seven proprietary bond funds sold by Regions Morgan Keegan to more than 30,000 account holders. The firms were charged with sales violations and fraudulently overvaluing the funds, which lost approximately $1.5 billion in value from March 31, 2007, to March 31, 2008.

Claim forms should be postmarked by June 16 and sent to A.B. Data. A complete letter to claimants that includes the mailing address can be found online at http://kfi.ky.gov/legal/Pages/morgankeegan.aspx. Proof of Claim Forms postmarked after June 16, 2012 will not be accepted.

Those with questions about the claims process or who need a Proof of Claim Form may contact A.B. Data at 1-888-208-9083 or visitwww.morgankeegansettlement.com.

Other questions about claims or about the case may be directed to Shonita Bossier at DFI at [email protected] or 1-800-223-2579 x280.

DFI, which traces its origin to the Banking Act of 1912, is an agency in the Public Protection Cabinet.