Reserve Funds has informed investors that due to a potential accounting error on Sept. 15, the Reserve Yield Plus Fund might have broken the buck at 99 cents.

The trouble is due to a $1,706,000 receivable from Reserve Management Co. Inc. (RMCI) that was recorded, perhaps erroneously, as an asset on Sept. 15. Counting it as an asset boosted the fund’s value by $0.0015 per share to $1.00 per NAV.

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