OppenheimerFunds announces share splits for five funds.
Global Banking News-June 24, 2015--OppenheimerFunds announces share splits for five funds
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Global Banking News - 24 June 2015
OppenheimerFunds, a company involved in global asset management, managing more than USD240bn in assets, has announced share splits for five of its funds.
'These are core products in the portfolios of many interest rate-sensitive clients,' said Kamal Bhatia, head of Investment Products and Solutions at OppenheimerFunds. 'We are making this change to more closely align the net asset values of these funds with those of their respective peer funds, making it easier for clients and their investors to compare relative fund performance.'
Oppenheimer Ultra-Short Duration Fund - 2:1 share split will be effective as of August 7, 2015; Oppenheimer Rochester Limited Term Municipal Fund and Oppenheimer Rochester Intermediate Term Municipal Fund- 3:1 share split will be effective as of August 21, 2015, and Oppenheimer Limited-Term Government Fund and Oppenheimer Limited-Term Bond Fund- 2:1 share split will be effective as of September 11, 2015. The events are non-taxable.
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