B shares continue to fall out of favor at mutual fund firms. Last week Legg Mason
] revealed plans to shutter its B shares to both new and existing investors by July 1 (while still keeping the shares open "for incoming exchanges and for dividend reinvestment") [see filing
's Ryan Leggio broke
the news in the "Fund Times" column.
The move impacts 38 Legg funds. The fund firm's filing offered no explanation for the shift.
Neil Anderson, Managing Editor
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