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Rating:Evergreen is the Latest to Get Rid of B Shares Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 30, 2009

Evergreen is the Latest to Get Rid of B Shares

by: Armie Margaret Lee

Evergreen Investments, now part of Wells Fargo, plans to cease sales of Class B shares to new and existing investors effective June 30.

"This determination was based on a decline in sales and an overall industry shift away from the use of Class B shares," Evergreen Funds president and CEO W. Douglas Munn wrote in a letter to shareholders posted on Evergreen's Web site

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