According to a report in the Washington Examiner, a state pension plan for Florida teachers held over 41,000 shares in the company that manufactured the semi-automatic AR-15 assault rifle used in the mass shooting at Marjory Stoneman Douglas High School.
The Florida Retirement System Pension Plan contains a document on its website that states it had 41,129 shares, worth $528,000 as of Dec. 31, in American Outdoor Brands Corporation, the Springfield, Mass. based manufacturer produced the AR-15 assault rifle used in the Feb. 14 assault.
The Examiner reports: The teachers’ pension plan also invested in Sturm & Ruger Co., Vista Outdoor Inc., and Olin Corp., all of whom make firearms and ammunition.
The plan is worth a total of $154 billion, which makes its investments in the gun manufacturers minor from a financial perspective.
For more on this story, click the "read more" button below.
"BUILD THE WALL" bumper stickers now on sale. (BUY NOW)
If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).
To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.
Sign up to get breaking news alerts from Dennis Michael Lynch.
Woman who took in Florida shooter wants to control his inheritance