The Banksters

0x3…6f4

ERC721

This matter involves a materially deceptive statement by SCM, and the failure of SCM to fully and effectively disclose material facts in the Fund’s 2002-2003 shareholder reports concerning forbearance agreements that the Fund entered into with two obligors on bonds in the Fund’s portfolio. During the period of 2001-03, the Fund entered into these forbearance agreements, under which the Fund agreed to temporarily accept partial payment of the original coupon interest rates. The projects for which the bonds were issued were in financial distress and requested temporary interest rate relief. The two bonds that were subject to these forbearance agreements together comprised between 9% and 15% of the Fund’s net assets during the relevant period. The Fund and other mutual funds in the Strong Funds Complex were the sole or majority owners of these bonds. One of the bonds was the Fund’s largest single holding during the relevant period. Absent these forbearance agreements, the bonds would have been in default for failure to make required interest payments.

Name

1198

Owner

0xEDF414140A94bd5d8e3Ba63a7aBcf5BEe73bcb32

ID#1198

Rarity

LO:51%