Flex-funds terminates public offering of its U.S. Government Bond Fund

By Tali David

Minneapolis, Dec. 22 - Flex-funds' U.S. Government Bond Fund terminated the public offering of its shares, according to a press release.

The fund's board of trustees approved the mandatory redemption of all of its shares and the liquidation of the fund as being in the best interests of the fund and its shareholders. The portfolio will be liquidated and outstanding shares redeemed on Dec. 27.

The Flex-funds is a family of mutual funds under Meeder Financial Services. Meeder is based in Dublin, Ohio.

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