FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Please replace the release dated November 11, 2021 with the following corrected version due to multiple revisions.
The updated release reads:
CERTIFIED SERVICE-DISABLED AND VETERAN-OWNED BANCROFT CAPITAL ANNOUNCES NEW SHARE CLASSES OF BLACKROCK MONEY MARKET FUNDS
Updated Release
Bancroft Capital (a certified Service-Disabled Veteran Broker Dealer) is pleased to announce the launch of new dedicated share classes of certain BlackRock money market funds exclusively for clients of Bancroft Capital and its affiliates.
Starting on Veterans’ Day 2021, dedicated share classes will be offered in BlackRock’s Liquid Federal Trust Fund (BLFT), a constant net asset value government money market fund, and BlackRock’s Liquid Environmentally Aware Fund (LEAF), an environmentally focused prime money market fund. These offerings will help bring sustainable investment principles to our institutional clients to help meet their cash & liquidity needs while seeking to create more positive social outcomes for our nation’s diverse youth. This partnership will merge the powers of BlackRock’s cash management expertise with Bancroft’s commitment to serving clients, our country, and our veterans who have sacrificed on our behalf.
“Bancroft Capital is proud to partner with BlackRock, the world’s largest asset manager, in the creation of the Bancroft suite of money market funds. The credibility of this partnership and quality of the strategies we are providing to clients will allow us to grow our current cash and investment offering as we set the standard for excellence in this arena,” said Bancroft Capital CEO Cauldon D. Quinn.
“BlackRock’s and Bancroft’s shared success amplifies our ability to drive positive social and environmental outcomes through cash management solutions,” said Tom Callahan, Global Head of BlackRock Cash Management. “We are honored to have been able to contribute to the business growth of diverse, women-owned and veteran owned broker-dealers for the past decade – and even prouder to work in partnership with Bancroft to provide this expanded suite of unique liquidity strategies to our mutual clients.”
About Bancroft Capital
Bancroft Capital, a certified Service-Disabled Veteran-Owned Small Business (SDVOSB) specializing in Institutional Brokerage and Capital Markets services, was co-founded in 2017 by Cauldon D. Quinn, CEO, a disabled Navy veteran. His vision was to build a company with a strong commitment to service: service to clients, country, and veterans. As a for-profit company, Bancroft rises above the competition on the merit of value-added content and leadership derived from industry veterans with 40+ years of industry pedigree; and on the foundation of a commitment to offer meaningful training and employment to service-disabled military veterans through Bancroft’s signature Veteran Training Program (VTP). For more information, visit https://www.bancroft4vets.com/.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate
