RidgeWorth Emerging Growth Stock Fund to reorganize April 27

By Toni Weeks

San Diego, March 7 - The board of trustees of RidgeWorth Funds approved the reorganization of the RidgeWorth Emerging Growth Stock Fund into the RidgeWorth Aggressive Growth Stock Fund, according to a 497 filing with the Securities and Exchange Commission.

The board said that the total operating expenses of the Aggressive Growth Stock Fund will be lower than those of the Emerging Growth Stock Fund. The investment objective and fees will stay the same after the reorganization, which is expected to occur April 27.

Shareholders may redeem shares in a taxable transaction prior to the reorganization. Otherwise, shareholders will receive on the reorganization date class A and class I shares of the Aggressive Growth Stock Fund in an amount equal in value to the prior fund. The reorganization is expected to be a tax-free event.

Atlanta-based RidgeWorth Investments is the fund's investment adviser.

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