New Tribune Company 401K Fund

From: Tribune Communications
Sent: Wednesday, September 16, 2009 9:30 AM
Subject: Message from Mike Bourgon/New 401(k) Fund

Tribune’s 401(k) plans aim to provide participants with the flexibility to invest in a variety of investment options. With that in mind, the company has decided to expand the number of investment choices by adding a new fund to its line-up. Beginning Oct. 1, 2009 , participants will have the opportunity to begin investing in the Vanguard Inflation Protected Securities Fund (VIPS) – Institutional Shares (ticker symbol: VIPIX).

The attached summary provides additional details about the fund. Briefly, the VIPS fund seeks to provide participants with inflation protection and income consistent with investment in inflation-indexed securities. Securities purchased by the fund will be rated “investment-grade” and the fund’s average maturity is expected to range between seven and twenty years.

You should note that the VIPS fund has a “purchase block restriction”, just like our other Vanguard investment funds. That means if you transfer assets out of the fund, you cannot transfer assets back into the fund for 60 days.

As always, all investments, including a portfolio’s current and future holdings, are subject to risk. Investments in bond funds are subject to interest rate, credit and inflation risk.

Consider using this as an opportunity to review your 401(k) plan investments. Remember, if you’re age 50 or older, you may make additional “catch-up” contributions of $5,500 annually.

For more information, contact the Hewitt Retirement Center at 800/872-2222 (option 1) or visit them at www.yourretirementbenefits.net/tribune where you can request a prospectus beginning Oct. 1.

Mike Bourgon
Vice President/Human Resources