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On February 5, 2009, we anticipate the SSCC Stock Fund will be reopened to participant direction. The cash from the stock sold at Fiduciary Counselors’ direction will be allocated to the Stable Value Fund in each participant’s Savings Plan account. Click here for Fiduciary Counselors’ letter to participants dated Feb. 3, 2009. |
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Effective at the opening of business on February 4, 2009, SSCC stock will be delisted by NASDAQ. Click here for the company’s press release |
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Smurfit-Stone Container Corp. filed for bankruptcy on January 26, 2009. SSCC has posted information about its bankruptcy on its website. |
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Prior to the bankruptcy, Fiduciary Counselors directed the plans’ recordkeeper to begin selling SSCC Stock from the Plans because of the imminent risk of bankruptcy. Slightly more than half the SSCC stock was sold before the company filed for bankruptcy. Click here for Fiduciary Counselors’ letter to participants dated Jan. 20, 2009. |
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