March 24, 2020 / 10:29 PM / 14 days ago

BNY Mellon injects capital into New Jersey money-market fund

BOSTON, March 24 (Reuters) - BNY Mellon Corp on Tuesday disclosed it injected $89,000 into a New Jersey municipal money-market fund whose market net asset value had dropped amid turmoil in U.S. debt markets.

The money went into the $51 million General New Jersey Municipal Money Market Fund on Monday, according to a disclosure with the U.S. Securities and Exchange Commission.

Reporting By Tim McLaughlin Editing by Chris Reese

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