MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 22, 2009 Pioneer Merges Two Mid Caps Pioneer Investments is combining two mid cap growth funds, an SEC filing reveals. Three of the $268 million Pioneer Mid Cap Growth Fund's four share classes (A, C and Y) will fold into the $154 million Pioneer Select Mid Cap Growth Fund's respective A, C and Y classes (B shares of the former fund will convert to A shares of the latter fund). According to the filing, the Board of Trustees approved the merger to "eliminate confusion in the marketplace caused by having two substantially similar funds" and to achieve cost savings from economies of scale. The shareholder vote is scheduled for January 20, 2010, and the reorganization would take effect two days later. Printed from: MFWire.com/story.asp?s=23021 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |