A Prospectus Supplement filing for the Northern Institutional Funds Money Market Portfolios - Williams Capital Shares says, "Effective November 4, 2019, The Williams Capital Group, L.P. ('WCG') merged with Siebert Cisneros Shank & Co., L.L.C. and the combined firm was renamed Siebert Williams Shank & Co., LLC ('SWS'). SWS is a wholly owned subsidiary of Shank Williams Cisneros, LLC. All references to 'WCG' are hereby deleted and replaced with 'SWS'." Siebert Williams' website comments, "The merger of The Williams Capital Group, L.P. and Siebert Cisneros Shank & Co., L.L.C. closed on November 4, 2019. The combined firm, which has been renamed Siebert Williams Shank & Co., LLC (SWS) unites the complementary strengths of each firm to create a robust platform from which to serve a broad spectrum of clients across industries and asset classes. Suzanne Shank is the President and Chief Executive Officer; Christopher Williams serves as Chairman of the Board of Directors; and Henry Cisneros, the former Secretary of the Department of Housing and Urban Development (HUD), is Vice Chairman. SWS is a wholly owned subsidiary of Shank Williams Cisneros, LLC. The new organization will leverage its principals' shared passion for entrepreneurship, direct day-to-day client engagement, and records of delivering for clients, employees, and communities. Our website is currently being updated so we hope you will visit again soon to learn more about this exciting combination."

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