Fund Merger News
In mid-December 2012, we announced that proxy materials were filed with the Securities and Exchange Commission relating to several proposed fund mergers. Shortly thereafter, we began a period of proxy mailings and shareholder vote solicitations that concluded at our shareholder meeting on February 27, 2013.
As voted on and approved by shareholders, the following acquired funds have merged into their corresponding acquiring fund at the close of business on their merger date. We are pleased that these mergers have been approved, as they are expected to benefit fund shareholders through cost savings, focused investment teams and operational efficiencies.
|Acquired Fund||Acquiring Fund||
(close of business)
|Columbia Connecticut Tax–Exempt Fund||Columbia Tax–Exempt Fund||Merger completed 04/26/2013|
|Columbia Diversified Bond Fund||Columbia Intermediate Bond Fund||Merger completed 03/15/2013|
|Columbia Emerging Markets Opportunity Fund||Columbia Emerging Markets Fund||Merger completed 03/15/2013|
|Columbia Frontier Fund||Columbia Small Cap Growth Fund I||Merger completed 03/15/2013|
|Columbia Government Money Market Fund||Columbia Money Market Fund||Merger completed 03/15/2013|
|Columbia High Yield Opportunity Fund||Columbia High Yield Bond Fund||Merger completed 04/26/2013|
|Columbia Large Cap Value Fund||Columbia Equity Value Fund||Merger completed 04/26/2013|
|Columbia LifeGoal® Income Portfolio||Columbia Capital Allocation Conservative Portfolio (formerly known as Columbia Portfolio Builder Conservative Fund)||Merger completed 04/26/2013|
|Columbia Massachusetts Tax–Exempt Fund||Columbia Tax–Exempt Fund||Merger completed 04/26/2013|
|Columbia Mid Cap Growth Opportunity Fund||Columbia Mid Cap Growth Fund||Merger completed 03/15/2013|
|Columbia Multi–Advisor International Value Fund||Columbia Overseas Value Fund||Merger completed 03/15/2013|
|Columbia Portfolio Builder Moderate Aggressive Fund||Columbia Capital Allocation Moderate Aggressive Portfolio (formerly known as Columbia LifeGoal® Balanced Growth Portfolio)||Merger completed 03/15/2013|
|Columbia Portfolio Builder Moderate Conservative Fund||Columbia Capital Allocation Moderate Conservative Portfolio (formerly known as Columbia LifeGoal® Income and Growth Portfolio)||Merger completed 03/15/2013|
|Columbia Select Small Cap Fund||Columbia Small Cap Growth Fund I||Merger completed 03/15/2013|
|Columbia Small Cap Growth Fund II||Columbia Small Cap Growth Fund I||Merger completed 03/15/2013|
|Columbia Variable Portfolio – High Income Fund||Columbia Variable Portfolio – Income Opportunities Fund||Merger completed 04/26/2013|
|Columbia Variable Portfolio – Mid Cap Growth Fund||Columbia Variable Portfolio – Mid Cap Growth Opportunity Fund||Merger completed 04/26/2013|
|Columbia Variable Portfolio – Money Market Fund||Columbia Variable Portfolio – Cash Management Fund||Merger completed 04/26/2013|
In addition to voting on fund mergers, shareholders of certain funds were asked to vote on other proposals. The funds listed in the table below have had their additional proposals approved by shareholders. For more details, please refer to each fund’s prospectus supplement at columbiamanagement.com.
|Columbia Absolute Return Currency and Income Fund||Change to industry concentration policy|
|Changes to investment management services agreement relating to fees|
|Columbia Seligman Communications and Information Fund||Reclassification to a non-diversified fund|
|Change to industry concentration policy and reclassification to a non-diversified fund|
|Columbia Variable Portfolio — Short Duration U.S. Government Fund*||Investment objective change, including permitting the fund’s trustees to change the fund's objective without shareholder approval|
* In connection with the change to its investment objective, Columbia Variable Portfolio -- Short Duration U.S. Government Fund changed its name to Columbia Variable Portfolio -- U.S. Government Mortgage Fund on May 1, 2013.
Restrictions and policies
Certificates of shares
If you currently hold any shares of an acquired fund in certificate form, those shares will be considered null and void upon completion of the fund merger. Shares will be held in book entry form in the corresponding acquiring fund.
New account applications for the purchase of shares of an acquired fund, received in good order, will be accepted through the close of business on that acquired fund’s merger date. After that, any account application for shares of an acquired fund will be rejected.
Purchases, exchanges and redemptions of shares of an acquired fund
Purchases, exchanges and redemptions of an acquired fund will be accepted through the close of business on the acquired fund’s merger date. In addition, requests to purchase, exchange or redeem shares of an acquired fund received in good order within 30 days after the merger date, will automatically be treated as a purchase, exchange or redemption of the corresponding acquiring fund. After this 30-day period, any such requests will be rejected.
Systematic investment plan and systematic withdrawal plan transactions
If you are currently participating in the systematic investment plan or systematic withdrawal plan with an acquired fund, your current systematic transactions will be carried over to its corresponding acquiring fund.