BOSTON -- Pioneer Investments announced today that shareholders of Pioneer Municipal and Equity Income Trust (NYSE: PBF) approved the merger of PBF, a closed-end fund, into Pioneer Tax Free Income Fund, an open-end fund, at a shareholder meeting held on September 11, 2008.
Under the terms of the merger, all of the assets and liabilities of PBF attributable to its common shares will become the assets and liabilities of Pioneer Tax Free Income Fund, and PBF will cease to exist.
BOSTON -- Pioneer Municipal and Equity Income Trust (NYSE: PBF) and Pioneer Tax Free Income
Fund announced today that each fund's Board of Trustees has approved a plan to merge PBF, a closed-end fund, into Pioneer Tax Free Income
Fund, an open-end fund.
AmSouth Florida Tax-Exempt Fund became Pioneer Florida Tax Free Income
SouthTrust Alabama Tax Free Income
Fund (STAIX) into Evergreen Alabama Municipal Bond Fund (EALYX; new)
of Irvine, CA, and chairman of its Audit Committee; a prior Director of three mutual funds of the Aquila Management Corporation (Capital Cash Management Trust, Narragansett Insured Tax Free Income
Fund, and Trinity Liquid Assets Trust); and he was a member of the Board of Governors of the Harvard Business School Association of Boston.
1 billion and the addition of seven new investment products, including Pioneer Municipal Bond Fund, Pioneer California Tax Free Income
Fund and Pioneer Growth Opportunities Fund.
Franklin California Insured Tax Free Income
Fund (Nasdaq: FRCIX, FRCBX, FRCAX)
The team also manages Pioneer America Income Trust, Pioneer Bond Fund, Pioneer Tax Free Income
Fund and Pioneer Strategic Income Fund.
In addition, in qualifying borrowers, UCMC has provided, and will continue to, provide fair consideration on non-traditional sources of income, such as assistance from family members, disability income, and other unearned income and provide full valuation for tax free income
The seven funds included in the Dupree Family are as follows: Kentucky Tax Free Income
Series; Kentucky Tax Free Short-to-Medium Series; Tennessee Tax Free Income
Series; Tennessee Tax Free Short-to-Medium Series; Government Bond Fund; North Carolina Tax Free Income
Series; and North Carolina Tax Free Short-to-Medium Series.
Ten years ago the AARP Investment Program from Scudder was designed to offer a family of mutual funds to help meet the investment needs most often expressed by AARP members -- safety of principal, current income, tax free income
, and growth of capital," explains Cuyler Findlay, chairman of the AARP Investment Program from Scudder.