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PNC » Topics » Effect of the Blackout on Your Investments

This excerpt taken from the PNC 8-K filed Mar 10, 2008.

Effect of the Blackout on Your Investments

During the blackout period, you cannot direct or diversify the assets held in your ISP account. For this reason, it is very important that you review and consider the appropriateness of your current investments in light of your inability to direct or diversify those investments during the blackout period. In particular,

you should note that the blackout period will coincide with quarterly earnings announcements for PNC as well as other financial institutions and public companies, and that stock prices may be more volatile (that is, may go up or down more than usual) during the period following such announcements. For your long-term retirement security, you should give careful consideration to the importance of a well-balanced and diversified investment portfolio, taking into account all your assets, income, and investments.

 

Calendar of Events

Here is what to expect during the blackout period, although the dates may change.

Key Dates   Transactions Affected
April 3, 2008 (4:00 p.m. Eastern time)  

Last day for the ISP administrator to receive your forms, supporting documentation, and checks (if applicable) for:

 

•   Rollover contributions

 

•   Hardship withdrawals

 

•   In-service withdrawals

 

•   Early loan payoffs

 

•   Full lump-sum distributions (terminated participants only)

April 3, 2008 (4:00 p.m. Eastern time)   Last day to request a general purpose loan or primary residence loan from the ISP.
April 7, 2008 (4:00 p.m. Eastern time)   Last day to enroll in the ISP.
April 7, 2008 (4:00 p.m. Eastern time)   Last day to change your payroll contribution rate in the ISP effective with your April 17, 2008 pay.
April 7, 2008 (4:00 p.m. Eastern time)   Last day to request investment fund transfers of existing ISP account balances from one fund to another and investment election changes applicable to future contributions.1
April 11, 2008 (4:00 p.m. Eastern time)   Last day to view your ISP account balance on the Retirement Directions Web site, or by calling the Vested Interest Response Line.
April 21, 2008 (9:00 a.m. Eastern time)   First day that you can access your ISP account through the new Your PNC Service Center and Web site. All plan transactions resume.
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