Board of Trustees
Board of Trustees
PLGIT’s Investors are the Trust. Nothing demonstrates this more clearly than its Board of Trustees. The members of the Board are nominated by the Sponsoring Associations and elected by PLGIT Investors to serve on the governing Board of Trustees.
To assure adequate representation of the interests of the various participating entities, the Trust’s nominating committee must nominate at least one candidate representing each of the following: boroughs, cities, counties, municipal authorities, school districts, townships of the first class, and townships of the second class. All Trustees must be either an elected member or full-time employee of their respective municipality or school district. Eleven Trustees currently serve on the Board:
|Board of Trustees|
Sandra A. Bartosiewicz, President
Wyoming Valley Sanitary Authority
Kathleen DePuy, Vice President
Borough of Whitehall
Dr. Samuel Lee, Secretary/Treasurer
Bensalem Township School District
|Julie B. Bookheimer|
|Kim E. Buchanan|
Grove City Area School District
Ronald E. Evanko
Borough of Blairsville
|Crandall O. Jones|
Municipality of Norristown
Dr. Thomas A. Lesniewski
Punxsutawney Area School District
|Thomas J. McElhone|
2021 PLGIT WEBINAR SERIES
Please join PLGIT for the 2021 Educational Webinar Series. These sessions are all part of a big year for PLGIT – our 40th anniversary year. The main goal of the Webinar Series is to provide additional educational resources and to keep PLGIT Investors up-to-date on trends and best practices. For more information on upcoming topics and to access recordings of previous webinars, please visit the Educational Webinars page.
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The Pennsylvania Local Government Investment Trust ("PLGIT") has entered into a Plan of Reorganization (the “Reorganization”) to consolidate certain portfolios and reorganize certain share classes. As a result of this Reorganization, effective August 1, 2020, the existing PLGIT/I-Class shares were renamed PLGIT/Reserve-Class shares. PLGIT/PLUS-Class shares merged into PLGIT/Reserve-Class shares. The PLGIT/ARM Portfolio merged into the PLGIT Portfolio, and PLGIT/ARM shareholders received PLGIT/Reserve-Class shares.
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the investment objectives, risks, charges and expenses before investing in any of the Trust’s portfolios. This and other information about the Trust’s portfolios is available in the current Information Statement, which should be read carefully before investing. A copy of the Information Statement may be obtained by calling 1-800-572-1472 or is available on the Trust’s website at www.plgit.com. While the PLGIT and PLGIT/PRIME portfolios seek to maintain a stable net asset value of $1.00 per share and the PLGIT/TERM portfolio seeks to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust’s portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.
A description of the PLGIT CD Purchase Program is contained in the PLGIT Information Statement. The Information Statement contains important information and should be read carefully before investing. Investors may purchase Certificates of Deposit through the PLGIT CD Purchase Program only by executing an investment advisory agreement with the Trust’s Investment Adviser, PFM Asset Management LLC.
SMPLGIT, PLGIT-Class Shares, PLGIT/Reserve-Class Shares, PLGIT/TERM, PLGIT-CD, PLGIT/PRIME, and PLGIT-CAP are service marks of the Pennsylvania Local Government Investment Trust.