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Lake Norman Charter board moves investments to money-market while reviewing strategy
Lake Norman Charter Board of Directors · August 7, 2025
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Summary
The board authorized moving existing investments into a money-market account pending an investment committee review, citing better returns in savings and a PNC-quoted 4.25% money-market rate; the motion passed by voice vote.
Lake Norman Charter's board voted to move current investments into a money-market account while the investment committee reexamines its strategy and partners.
During new business, a board member explained that after a period of loss the school's investments had…
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