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 |
|
Wednesday, July 29, 2009 Calamos is the Latest to Banish B Shares Effective Friday, July 31, Calamos Asset Management, Inc. will join the list of fund firms that have jettisoned their B shares. Current shareholders may continue to hold Class B shares as of the closing date until they convert them to Class A shares or redeem those shares. In a notice posted on its Web site, Calamos noted that the use of B shares has "fallen off significantly in recent years." Among those that have recently scrapped B shares are Praxis Funds, First American Funds and American Funds. Printed from: MFWire.com/story.asp?s=22189 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |