Thursday, May 22, 2008
MCC Nets $263,000 in Prudential Stock Sale
In 2000-2001 Prudential Insurance was demutualized. The college recently became aware of its ownership of the stock and as the College's Investment Policy precludes the ownership of individual equities, the stock has been sold.
Because the college insured lives of its employees through Prudential, it got 3,413 shares of stock.
Its recent sale got McHenry County College $263,380.23 it apparently didn't know it had.
Labels: MCC, McHenry County College
