Perrit Capital [profile] just renamed a mutual fund.

Yesterday the Perritt Emerging Opportunities Fund became the Perritt Ultra MicroCap Fund.

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Company Press Release CHICAGO, Apr 30, 2012 -- Perritt Capital Management, a boutique investment manager that has been investing in small/micro-cap companies since the firm's inception in 1987, has announced that the Perritt Emerging Opportunities Fund (PREOX) has changed its name to the Perritt Ultra MicroCap Fund effective immediately. "We believe the new name more accurately reflects the Fund's distinct ability to provide investors with exposure to the most dynamic and least followed small companies listed on the exchanges. We are proud of the fact that the Fund has the lowest average market cap among 6,822 domestic equity funds listed by Morningstar as of 4/16/12," says CIO and Portfolio Manager Michael Corbett. Michael has served as manager of the Fund since inception in 2004 and has served as manager of the Perritt MicroCap Opportunities Fund (PRCGX) since 1999.  

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