Removing managed custom folder "{0}". This will remove all managed content settings that apply to this folder for all mailboxes ...

Removing managed custom folder "{0}". This will remove all managed content settings that apply to this folder for all mailboxes to which a policy containing this folder applies. This will not delete the folder in a user's mailbox, or its contents. Users will be able to move, rename, or delete this folder from their mailboxes.