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Finance staff transfers $4 million from Star Ohio to Fifth Third securities to lock gains
Summary
Sunbury finance staff told the finance committee on March 18 that declining overnight Star Ohio rates prompted a $4 million transfer into laddered Fifth Third securities to secure earlier gains and pursue longer‑term returns; no council action was required.
Miss Stefan, who presented the investment update to the finance committee on March 18, said staff transferred $4 million from Star Ohio into Fifth Third securities earlier in March to ‘capture the gains that we've earned and secure those’ as overnight yields fell.
Stefan told the committee that Star Ohio had outperformed other City investments during 2024–25 while…
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