State Government Press Releases

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03/07/2018
Rhode Island Treasurer Seth Magaziner today released Treasury's 2017 Annual Report which highlights progress made toward improving the state's economy, strengthening its pension system and finding ways to put Treasury's resources to work for Rhode Islanders. "As Treasurer, I remain committed...
03/06/2018
In response to investor demands, Wells Fargo will publish a report on the root causes of unethical and illegal behavior at the bank and its impact on customers and investors; along with and a detailed plan for corrective action going forward. "Investors and customers deserve information on the...
03/02/2018
Rhode Island Treasurer Seth Magaziner joined investors from across the country in demanding that AmerisourceBergen, the nation's third largest drug distributor, publicly address opioid-related business risks. "Opioid-related deaths in Rhode Island are a public health crisis. With this vote,...
02/28/2018
Treasurer Magaziner has recommended, and the State Investment Commission has approved, a new socially responsible investment option -which excludes companies that manufacture firearms- for Rhode Island's 401(a) Defined Contribution plan. "We know that members are interested in having their...
02/28/2018
Rhode Island's pension fund continued to deliver strong performance in January, earning $254.8 million, and outperforming the plan's investment benchmark, as well as a standard 60% global equity / 40% fixed income benchmark. "Rhode Island's pension fund continues to grow stronger and healthier,
02/26/2018
Rhode Island General Treasurer said the following in response to a poll, conducted by the Hassenfeld Institute for Public Leadership at Bryant University, which showed super-majority support for the $250 million statewide school repair bond proposed this year: "Rhode Islanders are clearly ready...
02/16/2018
Rhode Island Treasurer Seth Magaziner yesterday sent a letter to the U.S. Securities and Exchange Commission in response to Navient Corporation's (NASDAQ: NAVI) attempt to deny shareholders the chance to vote on his proposal requesting that the company provide investors with information on the...
01/31/2018
State Treasurer Seth Magaziner today announced that the Rhode Island pension fund has co-filed a shareholder proposal at McKesson Corporation (NYSE: MCK), one of the largest pharmaceutical distributors in the United States, requesting full disclosure of the pharmaceutical giant's direct and...
01/24/2018
Rhode Island's pension fund earned more than $1.09 billion from investments in 2017 bringing the fund's value to $8,420,929,978, the highest in more than a decade. "In 2017 we took our investment strategy Back to Basics and delivered strong returns that are helping the pension fund get stronger,"
01/22/2018
Rhode Island Treasurer Seth Magaziner and the national coalition Investors for Opioid Accountability have thwarted an attempt by pharmaceutical distributor AmerisourceBergen to deny shareholders' efforts to obtain information about the company's response to the U.S opioid crisis. "Opioid-...