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