Effective Friday, July 31, Calamos Asset Management, Inc.
will join the list of fund firms that have jettisoned their B shares. Current shareholders may continue to hold Class B shares as of the closing date until they convert them to Class A shares or redeem those shares.
posted on its Web site, Calamos noted that the use of B shares has "fallen off significantly in recent years."
Among those that have recently scrapped B shares are Praxis Funds
, First American Funds
and American Funds
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