RS Investment Trust announces conversion of class B to class A shares

By Toni Weeks

San Diego, Nov. 17 - RS Investment Trust said that its funds' outstanding class B shares will automatically convert to class A shares on Feb. 17, according to a 497 filing with the Securities and Exchange Commission.

On the conversion date, the outstanding class B shares of each fund will convert to a number of full and/or fractional class A shares of the same fund equal to the value of the class B shares. The conversion will not be subject to front-end or deferred sales charges. Thus, there will no change in value of a shareholder's shares as a result of the conversion.

Shareholders who redeem class B shares prior to the conversion date will be subject to the normal deferred sales charges. Investments in class A shares after the conversion date will also be subject to normal class A sales charges.

The filing noted that class B shares are no longer available for purchase, except for purchases made by automatic reinvestment of distributions and purchases by exchange from existing class B shareholders.

RS Investment Trust is based in San Francisco.

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