News Release: City Treasurer Neely votes to divest $1 Million from companies that manufacture assault weapons

On Wednesday January 23, 2013 Chicago Treasurer Stephanie Neely voted to divest more than $1 Million from three companies that manufacture assault weapons. The vote took place at the Chicago Municipal Employees Annuity and Benefit Fund board meeting. A comprehensive review was conducted, and the investment policy of the Fund has been changed. “The message is clear,” said the Treasurer, “companies that make assault weapons that are shattering communities and taking lives have no place in the investment portfolio of this Fund.”