Finance Division

To:     University Business Managers

From:  Dennis Press, Assistant Vice Chancellor for Finance and
          University Controller

Date:   June 8, 2009

The linked memorandum is being sent to affiliated foundations of the University.  The memorandum provides information on special procedures for the June 2009 payout from the Chapel Hill Investment Fund needed to address the underwater endowment issue.  The memorandum is being distributed to the University Business Managers listserv as an information item and to help ensure colleagues with affiliated foundations receive the information.  Thanks.