Two Nebraska Funds Will Merge
May 31, 1999
ND Holdings of Minot, N.D., acquired the Lancaster Nebraska Tax-Free Fund and merged it into the Nebraska Municipal Fund on May 24. The Lancaster Nebraska Tax-Free Fund had assets of $13 million, and these were merged with Nebraska Municipal Fund's $28 million of assets, bringing the fund's total assets to $41 million. ND Holdings bought the fund from Smith Hayes Financial Services Corp. of Lincoln, Neb.