SunAmerica's Focused Growth and Income to liquidate class I shares

By Tali David

Minneapolis, March 7 - The board of directors of SunAmerica Series, Inc. approved on March 6 the liquidation of the class I shares of the Focused Growth and Income Portfolio, according to a 497 filing with the Securities and Exchange Commission.

The liquidation is expected to occur on or about April 20.

Class I shareholders may redeem their shares or exchange them for class I shares of any other fund distributed by SunAmerica Capital Services, Inc. at any time before April 20. Any class I shares outstanding as of the liquidation date will be automatically redeemed.

The portfolio is not currently accepting orders to buy class I shares from new investors. It is only accepting reinvestments of dividends and capital gain distributions from existing investors. However, any dividend payments after April 18 will be paid in cash and not reinvested in class I shares.

The fund's adviser is Jersey City, N.J.-based SunAmerica Asset Management Corp.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.