Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Columbia Continues Fund Revamp Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 24, 2005

Columbia Continues Fund Revamp

by: Theresa Sim

Columbia Management Group has announced plans to liquidate two funds and consolidate 13 others.

The $13.1 million Columbia National Municipal Bond Fund and the $192.1 million Columbia Corporate Bond Fund will be liquidated pending shareholder approval later in 2005.

"We are taking a phased approach to consolidating and updating this product line to address redundancies, achieve efficiencies of scale, and simplify the menu of choices we provide to investors," said Keith Banks, president of Columbia Management.

The board of the Columbia Funds also voted to consolidate the following funds into other Columbia or Nations funds. The moves await the approval of the Nations Funds boards and existing shareholders of the affected funds.

Columbia Tax-Managed Value Fund ($74.2 million) into Columbia Growth & Income Fund ($1,907.2 million)
Columbia Newport Tiger Fund ($340.6 million) into Columbia International Stock Fund ($663.3 million)
Columbia Tax-Managed Growth Fund II ($38.5 million) into Columbia Tax-Managed Growth Fund ($269.9 million)
Columbia Mid-Cap Value Fund ($1,816.9 million) into Nations MidCap Value Fund ($571.2 million)
Columbia Large Company Index Fund ($872.9 million) into Nations LargeCap Index Fund ($1,349.6 million)
Columbia Small Company Index Fund ($342.4 million) into Nations SmallCap Index Fund ($1,073.2 million)
Columbia Short Term Bond Fund ($507.1 million) into Nations Short-Term Income Fund ($1,100.5 million)
Columbia Intermediate Government Income Fund ($356.7 million) into Nations Intermediate Bond Fund ($655.6 million)
Columbia Income Fund ($632.1 million) into Columbia Intermediate Bond Fund ($1,140.4 million)
Columbia Pennsylvania Intermediate Fund ($25.1 million) into Columbia Intermediate Tax-Exempt Fund ($516.2 million)
Columbia Managed Municipals Fund ($421.4 million) into Columbia Tax-Exempt Fund ($1,705.2 million)
Columbia Florida Intermediate Municipal Bond Fund ($68.6 million) into Nations Florida Intermediate Municipal Bond Fund ($199.8 million)
Columbia High-Yield Fund, Variable Series ($86.1 million) into Nations High Yield Bond Portfolio ($98.6 million)
 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use