MTB Group of Funds to reorganize four funds, redesignate share classes

By Toni Weeks

San Diego, Dec. 2 - MTB Group of Funds announced that it will hold a meeting of shareholders on Feb. 21 for four of its funds to vote on a proposal to reorganize the funds into corresponding funds and share classes in January, according to an N-14 filing with the Securities and Exchange Commission.

Shareholders as of Dec. 23 are being asked to vote on the proposal.

The four target funds will be reorganized into acquiring funds as follows:

• MTB Prime Money Market Fund into MTB Money Market Fund;

• MTB Pennsylvania Tax-Free Money Market Fund into MTB Tax-Free Money Market Fund;

• MTB New York Tax-Free Money Market Fund into MTB Tax-Free Money Market Fund; and

• MTB U.S. Government Bond Fund into MTB Short Duration Government Bond Fund.

For the above money market funds, class I shares will be designated as select shares, class A shares will be designated as service shares, class I2 shares will be designated as administrative shares.

The fund's adviser is Baltimore-based MTB Investment Advisors, Inc.

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