Bear Stearns filed to launch Bear Stearns Current Yield reports Strategic Insight's FundFiling.com. The new fund, managed by Bear Stearns Asset Management's Scott Pavlak, will "seek as high a level of current income as is consistent with the preservation of capital and liquidity." The fund's shares, or "Creation Units," will only be available to "Authorized Participants" of the "Continuous Net Settlement System of the National Securities Clearing Corporation" and of the DTC (Depository Trust & Clearing Corp.). On March 13, we reported that Standard & Poor's rated Bear Stearns' Enhanced Income Fund 'AAAf/S1+'.

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