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

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

Rating:Board Directors Share Tips on Fund Mergers Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 5, 2006

Board Directors Share Tips on Fund Mergers

by: Marie Glancy

Fund mergers happen often enough, but that doesn't mean they should be taken lightly, stresses a report released by the Independent Directors Council Wednesday.

Entitled Board Consideration of Fund Mergers, the report was prepared by a task force of independent fund directors. It offers board directors guidelines for weighing up the pros and cons of proposed mergers, outlining specific items that boards should take into account when deciding whether to merge funds.

Some of the factors identified: whether the funds to be merged have similar investment objectives, policies, restrictions, and risks; direct and indirect costs the merger may incur; the consequences for distribution; and impact on the acquiring fund's fees and expenses.

Federal and many states' laws require directors to protect the interests of shareholders when agreeing to mergers, and the report offers "practical guidance" as to how directors can fulfill this responsibility, said co-author Susan Kerley, an independent director for the Legg Mason/Citi Funds and the Mainstay Funds.

"We hope that this report will help reassure them that they're taking the necessary concerns into account," she said. 

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
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use