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Virtus To Combine Tax-Exempt Funds
Virtus is seeking to merge two tax-exempt funds.
Virtusis seeking to merge two tax-exempt funds,MutualFundWirereports. The Hartford-based mutual fund firm intends to unite the $79.3 millionVirtus Intermediate Tax-Exempt Bond Fundwith the $137.9 millionVirtus Tax-Exempt Bond Fund.
The Virtus-funded alignment will lead to cost reductions for shareholders of the Intermediate Tax-Exempt Bond.Michael JanikandGeorge Selbyare portfolio managers of the two funds.
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