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<p class="MsoNormal"><b><span style="font-size:23.0pt;font-family:"Arial",sans-serif;color:#003C61">Oregon Short Term Fund Update<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif">Last week, we shared our commitment to continuing to meet our customers’ needs while encouraging you to review your own preparedness for business continuity events.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif">While the coronavirus (COVID-19) pandemic is causing significant disruptions across our society and our economy, Treasury has worked hard in recent years both to increase our resiliency
as an organization and to reduce and re-balance risk across our investment portfolios.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif">In the coming days and weeks, we will continue to share information about the specific actions we are taking in light of the current situation including a market recap in the coming
March issue of <i><a href="https://www.oregon.gov/treasury/news-data/pages/treasury-news-reports.aspx#lgnr">Inside the Vault</a></i>. In the meantime, rest assured that management of the Oregon Short Term Fund (OSTF) remains piloted by the experienced, capable
hands of our Fixed Income team and that we remain focused on the OSTF’s three investment objectives: Preservation of Principal, Liquidity, and Yield.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif">Thank you for your continued investment in and support of the OSTF, and please do not hesitate to contact members of the team at 503.431.7900 with any questions.</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#003C61">350 Winter Street NE, Suite 100<br>
Salem, OR 97301-3896<br>
<br>
<a href="http://listsmart.osl.state.or.us/mailman/listinfo/local-gov-news"><span style="color:#003C61">Manage Your Subscription or Unsubscribe</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#003C61">503.378.4000<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#003C61"><a href="http://www.oregon.gov/treasury/"><span style="color:#003C61;text-decoration:none">oregon.gov/treasury</span></a><o:p></o:p></span></p>
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