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c�ti orxrb <br /> Town of Reading <br /> =I Meeting Minutes RECEIVED <br /> TOWN CLERK <br /> READING, MA.Y , <br /> Board - Committee - Commission - Council: 2110 AUG 21 AM 8: 29 <br /> Commissioners of Trust Funds <br /> Date: 2019-03-28 Time: 7:00 PM <br /> Building: Reading Town Hall Location: Conference Room <br /> Address: 16 Lowell Street Session: Open Session <br /> Purpose: General Business Version: Final <br /> Attendees: Members - Present: <br /> John Daly, Elizabeth Klepels, Neil Cohen and Endri Kume <br /> Members - Not Present: <br /> Andrew Friedman <br /> Others Present: <br /> Minutes Respectfully Submitted By: Endri Kume <br /> Topics of Discussion: <br /> Mr. Cohen called the meeting to order at 7:05 PM. <br /> Open Session for topics not reasonably anticipated 48 hours in advance of the <br /> meeting <br /> None. <br /> Meeting Notes <br /> Ms. Klepeis moved with a motion to approve the meeting notes for 1/10/19 as amended. <br /> On a motion by Ms Klepeis seconded by Mr. Daly the Minutes of the 1/10/19 meeting was <br /> approved as amended, by a vote of 4-0-0 <br /> Ms. Klepeis moved with a motion to approve the meeting notes for 2/7/19 as amended. <br /> On a motion by Ms Klepeis seconded by Mr. Daly the Minutes of the /7/19 meeting were <br /> approved as amended, by a vote of 3-0-1 <br /> Mr. Cohen abstained as he was not present at the meeting. <br /> Review Cash Flow portfolio,discuss investment changes and Trust Balances <br /> Reports <br /> Mr. Daly informed the Commissioners that the fourth and final purchase of Russell 2000 and <br /> SPDR S&P 500 was completed on March 0. The sale that was decided back in December <br /> had come out to be a great move as we sold at a high price and since December the price <br /> for the !Share and SPDR S&P has gone down. There was a bond, Royal Bank of Canada that <br /> was redeemed at par in the amount of$100K. Mr. Lee, the investment broker, had already <br /> started looking for a replacement. <br /> Page 1 1 <br />