Illinois State Treasurer’s Office News Releases

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Treasurer Frerichs Announces Live Unclaimed Property Auction at the Illinois State Fair

SPRINGFIELD — An 1854 Indian Princess three-dollar gold coin, a 1984 Chicago Cubs baseball signed by Ryne Sandberg, an 1893 World’s Columbian Exposition Ticket, and rare coins and jewelry are among thousands of unclaimed property items worth over $150,000 to be auctioned live on August 17 on the Lincoln Stage at the Illinois State Fair in Springfield. “We are excited to bring the unclaimed property auction back to the Illinois State Fair to give the public another opportunity to bid on rare, valuable items,” Frerichs said. “To get a sneak…

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Dramatic 68% vote for Independent Board Chair Strengthens Investors’ Call for Change at the Top of Facebook

At last week’s annual meeting, Facebook (NASDAQ: FB) shareholders sent a dramatic message to the board and Mark Zuckerberg when a shareholder proposal recommending an independent board chair received a 68% vote of main street and Wall Street investors. Facebook shareholders overwhelmingly support a significant change at the company. It’s time for Mark Zuckerberg and the board to plan for a transition. “Now is the time for change,” said Illinois State Treasurer Michael Frerichs. “Facebook’s independent investors agree that it’s time for the company to separate the Board Chair and…

Read MoreDramatic 68% vote for Independent Board Chair Strengthens Investors’ Call for Change at the Top of Facebook
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Treasurer Frerichs Encourages Bright Start, Bright Directions Contributions on 5-29 Day, National College Savings Day

SPRINGFIELD — Illinois State Treasurer Michael Frerichs today encouraged families to open an Illinois 529 College Savings plan or make an additional contribution in honor of May 29, also known as 529 Day. “A child is three times more likely to attend college if they know they have a college savings plan,” Frerichs said. “A simple turn of the phrase like 529 Day is a fun way to remind children that they have a 529 account and the tools needed to succeed for their future.” Investments in a 529 college…

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