Citizens Funds to Acquire Meyers Pride Value Fund; Adds the Newly Named Citizens Value Fund to Its Group of Socially Responsible Mutual Funds.Business Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--July 11, 2001 Citizens Advisers, Inc., investment advisers to Citizens Funds, a fast-growing provider of socially and environmentally responsible mutual funds, today announced it will acquire the assets of Meyers Pride Value Fund, a socially responsible mutual fund, from Meyers Capital Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Citizens will rename Re`name´ v. t. 1. To give a new name to. Verb 1. rename - assign a new name to; "Many streets in the former East Germany were renamed in 1990" the fund the Citizens Value Fund. The financial terms of the deal were not disclosed. This is the first value fund offered by Citizens Funds. The Citizens Value Fund will continue to be managed by Shelly Meyers, who has served as portfolio manager of the Meyers Pride Value Fund since its 1996 inception. The fund, which currently invests only in companies possessing a socially progressive work place, enjoys a record of strong performance since its inception. The Citizens Value Fund will expand the current investment profile to include new social and environmental screening criteria used by other Citizens Funds. "We're thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to add such a top performing value fund to Citizens family of socially and environmentally responsible funds," said John L. Shields, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Citizens Advisers. "Our customers also reap the added benefit of having such a highly successful portfolio manager as Shelly Meyers oversee the day-to-day responsibilities of the new Citizens Value Fund." Shelly J. Meyers, president of Meyers Capital management and portfolio manager of the Meyers Pride Value Fund, stated, "It is our goal to bring superior performance to the widest possible audience of investors. With this agreement, we create a win-win situation, benefiting current and prospective Meyers and Citizens' shareholders by offering them great investment products supported by superior service levels." Pending shareholder approval, it is expected the Meyers Pride Value Fund will become part of the Citizens family of mutual funds by late September 2001. About Citizens Funds Founded in 1982, Citizens Funds was one of the first providers of socially responsible funds available to investors, and today is among the nation's fastest growing mutual fund companies. With a core focus on strong, long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth, we take a unique investment management approach in serving institutional and retail clients. This approach is rooted in detailed financial analysis on every security in our portfolios, in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with a thorough check of each company's management practices and record of corporate responsibility. With approximately $1.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , Citizens Funds offers a diversified diversified (di·verˑ·s family of socially and environmentally responsible no-load mutual funds No-load mutual fund An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee. . Call us at 1-800-223-7010, or visit www.citizensfunds.com. Please call 800-223-7010 for a prospectus that contains complete details of fees and expenses and should be read carefully before investing. Although Citizens Funds are no-load, certain fees and expenses do apply to a continued investment in the funds and are described in the prospectus. Distributed by Citizens Securities, Inc., Portsmouth, NH 03801. |
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