Firstar Funds Seeks to Merge Three Fund Families
September 18, 2000
Firstar Funds of Milwaukee has filed a proxy statement with the SEC to merge three fund families. The directors of Firstar Funds, Mercantile Mutual Funds, and the Firstar Stellar Funds approved a plan this summer to combine the three fund families to form Firstar Funds, according to the filing.
Under the proposed plan, funds with similar objectives would be combined with existing Firstar Funds, while other funds would be reorganized into a Firstar fund specifically created to continue the fund under the Firstar name, according to the proxy, filed on Sept. 7. Each fund will continue to be managed by the same fund managers, according to the filing. The new Firstar Funds family will offer 36 portfolios with varying investment objectives and styles, according to the proxy statement.
Shareholders will consider the proposal at a meeting Nov. 8, and the proposed reorganization would take place in mid to late November, if approved.