NewRiver Plans Monthly Summary Prospectus Index Update

NewRiver Inc. announced it will start delivering monthly updates to its summary prospectus indexes for mutual funds, variable annuities and a new index that tracks retirement funds.

Firms offering or selling these products can use the index to monitor ongoing summary prospectus adoptions in their respective industries.

"Retirement plan providers have been asking us for guidance on managing the complexities of the rule, so we now offer a third index which is specific to retirement class R shares," said Russ Planitzer, CEO and chairman of NewRiver. "This information will help them to plan and manage how they meet the Summary Prospectus Rule requirements."

As of March, 3,153 mutual funds have summary prospectus documents available for stand-alone deliver, according to NewRiver. The index can be seen by visiting http://www1.newriver.com/wp-3-form.asp.

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