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Fidelity pays investors after 18-month wait
Wednesday 13th of January 2010
The product provider said it would meet its January payment on time after the fund recovered its value in the upswing last year as interest rate markets recovered their losses.
In the last 12 months, the Fidelity Capital Guaranteed Bond's value "rose 40% over that period and got to $86 million, which was enough to pay out the interest," said chief executive Milton Jennings. "The volatili...
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