0000728889-19-000365.txt : 20190222 0000728889-19-000365.hdr.sgml : 20190222 20190222141149 ACCESSION NUMBER: 0000728889-19-000365 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190221 FILED AS OF DATE: 20190222 DATE AS OF CHANGE: 20190222 EFFECTIVENESS DATE: 20190222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER ROCHESTER CALIFORNIA MUNICIPAL FUND CENTRAL INDEX KEY: 0000837441 IRS NUMBER: 133222131 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05586 FILM NUMBER: 19625135 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: 3RD FLOOR CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER CALIFORNIA MUNICIPAL FUND DATE OF NAME CHANGE: 19961031 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER CALIFORNIA TAX EXEMPT FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER SERIES FUND CENTRAL INDEX KEY: 0000356865 IRS NUMBER: 061207374 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-03346 FILM NUMBER: 19625131 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER SERIES FUND INC DATE OF NAME CHANGE: 19960909 FORMER COMPANY: FORMER CONFORMED NAME: CONNECTICUT MUTUAL INVESTMENT ACCOUNTS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CONNECTICUT MUTUAL LIQUID ACCOUNT INC DATE OF NAME CHANGE: 19851106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER ROCHESTER FUND MUNICIPALS CENTRAL INDEX KEY: 0000093621 IRS NUMBER: 160473255 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-03614 FILM NUMBER: 19625125 BUSINESS ADDRESS: STREET 1: 350 LINDEN OAKS CITY: ROCHESTER STATE: NY ZIP: 14625-2807 BUSINESS PHONE: 7163838700 MAIL ADDRESS: STREET 1: 350 LINDEN OAKS CITY: ROCHESTER STATE: NY ZIP: 14625-2807 FORMER COMPANY: FORMER CONFORMED NAME: ROCHESTER FUND MUNICIPALS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ROCHESTER FUND MUNICIPALS INC DATE OF NAME CHANGE: 19920521 FORMER COMPANY: FORMER CONFORMED NAME: MARTEK INVESTORS INC/NY DATE OF NAME CHANGE: 19860302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER VARIABLE ACCOUNT FUNDS CENTRAL INDEX KEY: 0000752737 IRS NUMBER: 840974272 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04108 FILM NUMBER: 19625133 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 3036713200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER VARIABLE LIFE FUNDS DATE OF NAME CHANGE: 19860609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER ROCHESTER SHORT DURATION HIGH YIELD MUNICIPAL FUND CENTRAL INDEX KEY: 0000799102 IRS NUMBER: 363456529 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04803 FILM NUMBER: 19625128 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER MUNICIPAL FUND DATE OF NAME CHANGE: 19961031 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER TAX EXEMPT BOND FUND DATE OF NAME CHANGE: 19940330 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER INSURED TAX EXEMPT BOND FUND DATE OF NAME CHANGE: 19921201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Rochester Portfolio Series CENTRAL INDEX KEY: 0000876409 IRS NUMBER: 161399853 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-06332 FILM NUMBER: 19625127 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER LIMITED TERM NEW YORK MUNICIPAL FUND DATE OF NAME CHANGE: 20020930 FORMER COMPANY: FORMER CONFORMED NAME: ROCHESTER PORTFOLIO SERIES DATE OF NAME CHANGE: 19920717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER ROCHESTER Ltd TERM CALIFORNIA MUNICIPAL FUND CENTRAL INDEX KEY: 0001272949 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-21474 FILM NUMBER: 19625126 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUSCON WAY CITY: DENVER STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER LTD TERM CALIFORNIA MUNICIPAL FUND DATE OF NAME CHANGE: 20031212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer SteelPath MLP Funds Trust CENTRAL INDEX KEY: 0001478168 IRS NUMBER: 271423380 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-22363 FILM NUMBER: 19625129 BUSINESS ADDRESS: STREET 1: 6803 S. TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 S. TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: SteelPath MLP Funds Trust DATE OF NAME CHANGE: 20100303 FORMER COMPANY: FORMER CONFORMED NAME: Alerian MLP Funds Trust DATE OF NAME CHANGE: 20091207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Ultra-Short Duration Fund CENTRAL INDEX KEY: 0001510830 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-22520 FILM NUMBER: 19625132 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: Oppenheimer Short Duration Fund DATE OF NAME CHANGE: 20110310 FORMER COMPANY: FORMER CONFORMED NAME: Oppenheimer Liquid Opportunities Fund DATE OF NAME CHANGE: 20110121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer SteelPath Panoramic Fund CENTRAL INDEX KEY: 0001642227 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-23061 FILM NUMBER: 19625130 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: Oppenheimer SteelPath Energy Equity Fund DATE OF NAME CHANGE: 20150512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OFI SteelPath Series Trust CENTRAL INDEX KEY: 0001712303 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-23277 FILM NUMBER: 19625134 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 0000093621 S000008503 OPPENHEIMER ROCHESTER FUND MUNICIPALS C000023347 A C000023348 B C000023349 C C000023350 Y 0000356865 S000007309 Oppenheimer Value Fund C000020080 A C000020082 C C000020083 R C000033091 Y C000110989 I 0000752737 S000010331 Oppenheimer Conservative Balanced Fund/VA C000028586 Non-Service C000028587 Service 0000752737 S000010333 Oppenheimer Discovery Mid Cap Growth Fund/VA C000028590 Non-Service C000028591 Service 0000752737 S000010334 Oppenheimer Capital Appreciation Fund/VA C000028592 Non-Service C000028593 Service 0000752737 S000010335 Oppenheimer Total Return Bond Fund/VA C000028594 Non-Service C000028595 Service 0000752737 S000010336 Oppenheimer Global Fund/VA C000028596 Non-Service C000028597 Service 0000752737 S000010338 Oppenheimer Main Street Fund/VA C000028600 Non-Service C000028601 Service 0000752737 S000010339 Oppenheimer Main Street Small Cap Fund/VA C000028602 Non-Service C000028603 Service 0000752737 S000010340 Oppenheimer Government Money Fund/VA C000028604 Non-Service C000028605 Service 0000752737 S000010341 Oppenheimer Global Strategic Income Fund/VA C000028606 Non-Service C000028607 Service 0000752737 S000042879 Oppenheimer Global Multi-Alternatives Fund/VA C000132845 Non-Service Class C000132846 Service Class 0000752737 S000044083 Oppenheimer International Growth Fund/VA C000136819 Non-Service C000136820 Service 0000799102 S000007126 Oppenheimer Rochester Short Duration High Yield Municipal Fund C000019489 A C000019491 C C000096825 Y 0000837441 S000008979 OPPENHEIMER ROCHESTER CALIFORNIA MUNICIPAL FUND C000024399 A C000024401 C C000096808 Y 0000876409 S000010049 OPPENHEIMER ROCHESTER LIMITED TERM NEW YORK MUNICIPAL FUND C000027833 A C000027834 B C000027835 C C000099311 Y 0001272949 S000008497 OPPENHEIMER ROCHESTER LIMITED TERM CALIFORNIA MUNICIPAL FUND C000023327 A C000023329 C C000096814 Y 0001478168 S000027983 Oppenheimer SteelPath MLP Select 40 Fund C000085055 Class A Shares MLPFX C000085056 Class Y Shares MLPTX C000085057 Class W Shares MLPYX C000101827 Class C Shares MLPEX C000128758 Class I Shares OSPSX 0001478168 S000027984 Oppenheimer SteelPath MLP Alpha Fund C000085058 Class A Shares MLPAX C000085059 Class Y Shares MLPOX C000101828 Class C Shares MLPGX C000128759 Class I Shares OSPAX 0001478168 S000027985 Oppenheimer SteelPath MLP Income Fund C000085060 Class A Shares MLPDX C000085061 Class Y Shares MLPZX C000101829 Class C Shares MLPRX C000128760 Class I Shares OSPMX 0001478168 S000033651 Oppenheimer SteelPath MLP Alpha Plus Fund C000103415 Class A Shares MLPLX C000103416 Class C Shares MLPMX C000103417 Class Y Shares MLPNX C000128761 Class I Shares OSPPX 0001510830 S000031835 Oppenheimer Ultra-Short Duration Fund C000099137 A C000099138 Y C000149234 I 0001642227 S000050377 Oppenheimer SteelPath Panoramic Fund C000159063 A C000159064 C C000159065 I C000159066 R C000159067 Y 0001712303 S000059271 Oppenheimer SteelPath MLP and Energy Infrastructure Fund C000194586 A C000194588 C C000194589 R C000194590 Y C000194591 I DEF 14A 1 proxyfiling.htm

 

 

 

February 21, 2019

OppenheimerFunds to Join Invesco Pending Regulatory Approvals

OppenheimerFunds Proxies to Begin Mailing

“The joining of Invesco and OppenheimerFunds will offer clients best-in-class solutions and draw on the trusted, consultative approach that has characterized both of our companies,” said John McDonough, Head of Distribution and Marketing at OppenheimerFunds.  “With this expanded, diversified suite of investment solutions, we can further help clients achieve their investment goals over the long term.”

 

Proxy materials begin mailing on or about February 22, 2019 to all shareholders of Oppenheimer Funds. Shareholders are being asked to consider and approve an agreement and plan of reorganization for their Fund. If the agreement is approved then their Oppenheimer Fund will reorganize into a corresponding, newly created Invesco Fund with the same (or, with respect to the ETFs, substantially similar) investment objective and substantially similar principal investment strategies and risks as the Oppenheimer Fund. The Invesco Fund will be managed by the current Oppenheimer Fund portfolio management team or, in the case of an Invesco ETF, by the Invesco portfolio management team. Key dates in the proxy process:

·February 22, 2019: Joint proxy statement/prospectus begin mailing
·April 12, 2019: Shareholder meeting, several funds expected to adjourn
·May 17, 2019: Second Shareholder meeting

After the closing of a reorganization, shareholders will own shares of an Invesco Fund that are equal in value to the value of the shares of the corresponding Oppenheimer Fund that was held immediately prior to the reorganization. With the combination, Invesco will be among the largest asset managers, with over $1 trillion in assets under management, and will offer a broader range of equity, fixed-income, alternative and other investment options.

There are no sales load, commission or other transactional fees in connection with the reorganization, and the investment adviser to the Invesco Funds has agreed to waive its advisory fee and/or reimburse fund expenses of each Invesco Fund through two years from the closing date of the reorganization so that each Invesco Fund’s total annual fund operating expenses will be no greater than its Oppenheimer Fund reorganization counterpart.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.

225 Liberty Street, New York, NY 10281-1008

© 2019 OppenheimerFunds Distributor, Inc.  All rights reserved.

 

 

 

OppenheimerFunds/Invesco Acquisition Proxy Q&A

On October 18, 2018, Massachusetts Mutual Life Insurance Company announced that it has entered into an agreement whereby Invesco Ltd. will acquire OppenheimerFunds, Inc. In connection with that transaction, Oppenheimer Fund shareholders will need to approve each Oppenheimer Fund to reorganize into a corresponding, newly formed Invesco fund with the same (or, with respect to ETFs, substantially similar) investment objective and substantially similar principal investment strategies and risks as the corresponding Oppenheimer Fund, which will be managed by the current OppenheimerFunds portfolio management team or, in the case of an Invesco ETF, by the Invesco portfolio management team. A Shareholder Meeting has been scheduled.

All votes matter. Should you contact your clients regarding this proxy, or should your clients contact you with any questions, we encourage you to review the proxy statements with them—and be sure to encourage them to vote their shares.

Key Dates:

  • January 14, 2019: Record Date for shareholders
  • February 22, 2019: Proxy Mailing begins
  • April 12, 2019: Shareholder meeting
Q:What are Shareholders being asked to vote on?
A:Shareholders are being asked to consider and approve an agreement and plan of reorganization for their Fund. If the agreement is approved then their Oppenheimer Fund will reorganize into a corresponding, newly created Invesco Fund with the same (or, with respect to the ETFs, substantially similar) investment objective and substantially similar principal investment strategies and risks as the Oppenheimer Fund. The Invesco Fund will be managed by the current Oppenheimer Fund portfolio management team or, in the case of an Invesco ETF, by the Invesco portfolio management team.
Q:What effect will a reorganization have on OppenheimerFunds shareholders?
A:Immediately after the closing of a reorganization, shareholders will own shares of an Invesco Fund equal in value to the value of the shares of the corresponding Oppenheimer Fund held immediately prior to the closing of the reorganization.
Q:Are there significant differences between the management of an Oppenheimer Fund and the corresponding Invesco Fund?
A:No. Each Invesco Fund has the same investment objectives (or, in the case of the Invesco ETFs, substantially similar investment objectives) and substantially similar principal investment strategies and risks as its corresponding Oppenheimer Fund.
Q:Will there be any sales load, commission or other transactional fee in connection with the reorganization?
A:No. The total value of the shares of an Oppenheimer Fund will be exchanged for shares of the corresponding Invesco Fund without the imposition of any sales load, commission or other transactional fee. Also, the investment adviser to the Invesco Funds has agreed to waive its advisory fee and/or reimburse fund expenses of each Invesco Fund through two years from the closing date of the reorganization so that each Invesco Fund’s total annual fund operating expenses will be no greater than its Oppenheimer Fund reorganization counterpart.

Q: When will the reorganization be effective and how will shareholders be informed?

A:At such time that an Oppenheimer Fund is approved to reorganize into its corresponding Invesco Fund, and the fund reorganization is completed, an account confirmation will be sent to each shareholder by Invesco (in the case of ETFs, the change will be reflected on the records of the broker-dealer who holds the shares).
Q:What are the benefits to shareholders of this proposed change?
A:Shareholders will own shares of a fund with the same (or, with respect to the ETFs, substantially similar) investment objective and substantially similar principal investment strategies and risks as their Oppenheimer Fund, managed by the current Oppenheimer Fund portfolio management team (except with respect to the Oppenheimer ETFs).

Shareholders will have exchange privileges across a much a broader range of equity, fixed-income, alternative and other investment options.

Q: If my client wishes to vote by phone, who should they call?

A:Our tabulator can be reached at (800) 821-2712. They will be available from 9am Eastern to 9 pm Pacific every day (through the Shareholder meeting date on April 12, 2019). If a shareholder cannot locate their control number, they can provide their name and either their address or phone number so the tabulator can identify and vote their shares as instructed.

Q: When is the shareholder meeting?

A:The shareholder meeting is scheduled for April 12, 2019. If quorum is not met by this date, additional meetings could follow.
Q:Will phone solicitation be used?
A:We will employ phone solicitation throughout the campaign. Each call will identify ‘OPPENHEIMERFUND’ in caller ID wherever possible to ensure shareholders know that we are trying to get their vote. [Not all phone service carriers can display a custom caller ID]. If you own more than one fund, you can vote all funds in a single call.

Q: Can you take all my clients off your call list?

A:We maintain a courtesy ‘do not call’ list, and intend to continue to honor this if possible through this campaign. We cannot identify shareholders by representative or firm because the account registration provided does not include this information.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.

225 Liberty Street, New York, NY 10281-1008

© 2019 OppenheimerFunds Distributor, Inc.  All rights reserved.

 

 

 

 

 

 

 

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