Two Eagle funds tweak sales concession for investments over $1 million

By Toni Weeks

San Diego, Nov. 15 - The Eagle Capital Appreciation Fund and the Eagle Growth and Income Fund announced changes to their sales concession for investments over $1 million, according to a 497 filing with the Securities and Exchange Commission.

Effective immediately, for investments in either equity funds or investment-grade bond funds of $1 million or over, Eagle will pay to broker-dealers and financial intermediaries from its own resources a concession fee of 1% of the first $999,999.99, 0.75% of amounts from $1 million to $1,999,999.99, 0.5% of amounts from $2 million to $4,999,999.99 and 0.25% of amounts of $5 million and higher.

Previously, Eagle paid a concession fee of 1% of the offering price for investments of $1 million or more. In addition, any purchase for which this one-time sales concession was paid will be subject to a contingent deferred sales charge payable by the investor based on the lower of the cost of the shares being redeemed or their net asset value at the time of redemption. This deferred sales charge was 1% for shares held up to six months and 0.75% for shares held from six to 18 months.

The funds are managed by St. Petersburg, Fla.-based Eagle Asset Management, Inc.

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