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Rating:Wells Fargo Wants More Proxies Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 23, 2010

Wells Fargo Wants More Proxies

Reported by Sean Hanna, Editor in Chief

Shareholders of Evergreen Funds gave a thumbs up to the merging of 17 Evergreen Funds and 4 Wells Fargo Advantage Funds this week. The fund mergers are expected to complete in July and are a part of Wells Fargo's plans to streamline its fund lineup that it announced at the start of the year.

Meanwhile, the votes on 14 Evergreen mutual funds were delayed until June 29 because the funds have yet to receive proxies for more than 50 percent of their shares (See SEC filing.

Wells Fargo officials plan to complete the changes in July. Earlier in June, shareholders had approved mergers for some 40 Evergreen and Wells Fargo mutual funds.

Wells Fargo acquired 60 Evergreen Funds through its acquisition of Wachovia during the 2008 financial crisis. At the start of the year Wells Fargo officials said that the Evergreen family would be melted into the Wells Fargo Advantage family with the majority of funds being merged and the remainder rebrabded.

Mutual Funds Receiving Approval on June 21
  • Evergreen Adjustable Rate Fund
  • Evergreen Asset Allocation Fund
  • Evergreen Diversified Capital Builder Fund
  • Evergreen Equity Index Fund
  • Evergreen Golden Core Opportunities Fund
  • Evergreen Institutional Money Market Fund
  • Evergreen Institutional 100% Treasury Money Market Fund
  • Evergreen Institutional Treasury Money Market Fund
  • Evergreen Institutional U.S. Government Money Market Fund
  • Evergreen Intrinsic World Equity Fund
  • Evergreen Mid Cap Growth Fund
  • Evergreen Money Market Fund
  • Evergreen Pennsylvania Municipal Money Market Fund
  • Evergreen Prime Cash Management Money Market Fund
  • Evergreen Special Values Fund
  • Evergreen Strategic Municipal Bond Fund
  • Evergreen Utilities and Telecommunications Fund
  • Wells Fargo Advantage Emerging Markets Equity Fund
  • Wells Fargo Advantage Large Company Core Fund
  • Wells Fargo Advantage Large Company Growth Fund
  • Wells Fargo Advantage Strategic Income Fund
Mutual Funds Lacking a Quorum on June 21
  • Evergreen California Municipal Money Market Fund
  • Evergreen Diversified Income Builder Fund
  • Evergreen Emerging Markets Growth Fund
  • Evergreen Fundamental Large Cap Fund
  • Evergreen Global Large Cap Equity Fund
  • Evergreen Global Opportunities Fund
  • Evergreen Health Care Fund
  • Evergreen Municipal Money Market Fund
  • Evergreen New Jersey Municipal Money Market Fund
  • Evergreen New York Municipal Money Market Fund
  • Evergreen Omega Fund
  • Evergreen Precious Metals Fund
  • Evergreen U.S. Government Fund
  • Evergreen U.S. Government Money Market Fund

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