Liquidation: NORTHERN INSTITUTIONAL FUNDS

Form Type: N-MFP3

Filing Date: 2025-01-08

Corporate Action: Liquidation

Type: New

Accession Number: 000114554925001037

Filing Summary: On January 8, 2025, Northern Institutional Funds filed an N-MFP3 form reporting a significant amount of cash and cash equivalents held in the Northern Institutional Liquid Assets Portfolio as of December 31, 2024. The report indicates that there is a total of $1,725,671,400.13 in the fund, with detailed net asset calculations contributing to a per-share value. Noteworthy metrics include rates of yield and various liability figures indicating a stable cash management approach. The filing is significant due to the context of ongoing fund liquidation processes as part of a strategic restructuring plan initiated by the fund management, aimed at optimizing liquidity amid changing market conditions.

Document Link: View Document