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Prospect News home > News index > List of issuers O > Headlines for OppenheimerFunds, Inc. > News item
Published on 11/29/2010 in the Prospect News Municipals Daily.

Oppenheimer/Rochester municipal funds launch institutional Y shares

By Melissa Kory

Cleveland, Nov. 29 - OppenheimerFunds, Inc. said it introduced Y shares to six of its OppenheimerFunds/Rochester municipal bond funds.

Unlike other share classes of OppenheimerFunds/Rochester funds, the Y shares are sold at net asset value directly to institutions that have signed agreements with OppenheimerFunds Distributor, Inc.

The six funds introducing Y shares include: Oppenheimer AMT-Free Municipals, Oppenheimer Rochester National Municipals, Oppenheimer California Municipal Fund, Oppenheimer Limited Term California Municipal Fund, Oppenheimer New Jersey Municipal Fund and Oppenheimer Pennsylvania Municipal Fund.

Oppenheimer is a Toronto-based provider of financial services.


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