Forward Won't Move Forward with C Share Closing
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Tuesday, July 20, 2010

Forward Won't Move Forward with C Share Closing

First you "C" them, then you don't. Forward Management has reversed course on a decision to drop class C shares on its mutual funds. The firm had stopped selling the share class on June 15 and informed shareholders that the C shares would be converted to investor class shares on August 9 [SEC Filing.

That switch will not be happening.

In a new filing with the SEC, Forward Management officials revealed that they decided "not to go through" with the conversion and termination of the class C shares. They did not reveal why they had the change of heart.

The upshot for advisors and their clients is that the class C shares are once again for sale.

Printed from:

Copyright 2010, InvestmentWires, Inc.
All Rights Reserved
Back to Top