MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 6, 2010 Virtus Fund Board Reverses Itself on the Fate of a Mid-Cap Fund In September, the board of trustees of the Virtus Equity Trust unanimously approved a plan to fold the Virtus Mid-Cap Growth Fund into the Mid-Cap Core Fund. Last month, however, the trustees changed their mind. "As recommended by Management, the Board of Trustees of the Virtus Equity Trust, on behalf of the Virtus Mid-Cap Growth Fund, has voted to not proceed with the proposed combination of the Virtus Mid-Cap Growth Fund with and into another of the Virtus Mutual Funds (the "Reorganization") as previously announced," read the November 24 SEC filing. The plan to turn all B shares of the Mid-Cap Growth Fund to A shares also was not implemented. A Virtus spokesperson declined to comment beyond the contents of the filing. Printed from: MFWire.com/story.asp?s=35320 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |