0001193125-16-525333.txt : 20160331 0001193125-16-525333.hdr.sgml : 20160331 20160331131010 ACCESSION NUMBER: 0001193125-16-525333 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160331 DATE AS OF CHANGE: 20160331 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA FUNDS SERIES TRUST CENTRAL INDEX KEY: 0001097519 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 811-09645 FILM NUMBER: 161542556 BUSINESS ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174263750 MAIL ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: NATIONS FUNDS TRUST DATE OF NAME CHANGE: 19991022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA FUNDS SERIES TRUST I CENTRAL INDEX KEY: 0000773757 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 363376651 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 8003382550 MAIL ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA FUNDS TRUST IX DATE OF NAME CHANGE: 20031107 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY STEIN ROE FUNDS MUNICIPAL TRUST DATE OF NAME CHANGE: 19991025 FORMER COMPANY: FORMER CONFORMED NAME: STEINROE MUNICIPAL TRUST DATE OF NAME CHANGE: 19920703 CENTRAL INDEX KEY: 0000773757 S000012081 Columbia Large Cap Growth Fund C000032910 Class A LEGAX CENTRAL INDEX KEY: 0001097519 S000010794 Columbia Large Cap Growth Fund V C000029860 Class A NMGIX S000010797 Columbia Large Cap Growth Fund III C000029874 Class A NFEAX S000010799 Columbia Large Cap Growth Fund II C000029882 Class A NMTAX CENTRAL INDEX KEY: 0000773757 S000012081 Columbia Large Cap Growth Fund C000032911 Class B LEGBX CENTRAL INDEX KEY: 0001097519 S000010794 Columbia Large Cap Growth Fund V C000029861 Class B NGIBX S000010797 Columbia Large Cap Growth Fund III C000029875 Class B NFEBX S000010799 Columbia Large Cap Growth Fund II C000029883 Class B NMTBX CENTRAL INDEX KEY: 0000773757 S000012081 Columbia Large Cap Growth Fund C000032912 Class C LEGCX CENTRAL INDEX KEY: 0001097519 S000010794 Columbia Large Cap Growth Fund V C000029862 Class C NMICX S000010797 Columbia Large Cap Growth Fund III C000029876 Class C NFECX S000010799 Columbia Large Cap Growth Fund II C000029884 Class C NMYCX CENTRAL INDEX KEY: 0000773757 S000012081 Columbia Large Cap Growth Fund C000032915 Class Z GEGTX CENTRAL INDEX KEY: 0001097519 S000010794 Columbia Large Cap Growth Fund V C000029864 Class Z NGIPX S000010797 Columbia Large Cap Growth Fund III C000029877 Class Z NFEPX S000010799 Columbia Large Cap Growth Fund II C000029886 Class Z NMYAX CENTRAL INDEX KEY: 0000773757 S000012081 Columbia Large Cap Growth Fund C000094687 Class I CLGIX CENTRAL INDEX KEY: 0001097519 S000010794 Columbia Large Cap Growth Fund V C000094648 Class I CMWIX S000010797 Columbia Large Cap Growth Fund III C000094652 Class I CMRIX CENTRAL INDEX KEY: 0000773757 S000012081 Columbia Large Cap Growth Fund C000094688 Class R CGWRX CENTRAL INDEX KEY: 0001097519 S000010794 Columbia Large Cap Growth Fund V C000029863 Class R CMWRX S000010799 Columbia Large Cap Growth Fund II C000029885 Class R CMTRX CENTRAL INDEX KEY: 0000773757 S000012081 Columbia Large Cap Growth Fund C000094690 Class R5 CLWFX CENTRAL INDEX KEY: 0001097519 S000010794 Columbia Large Cap Growth Fund V C000122582 Class R5 CTGRX S000010797 Columbia Large Cap Growth Fund III C000136868 Class R5 CADRX S000010799 Columbia Large Cap Growth Fund II C000138350 Class R5 CADQX CENTRAL INDEX KEY: 0000773757 S000012081 Columbia Large Cap Growth Fund C000094691 Class W CLGWX CENTRAL INDEX KEY: 0001097519 S000010794 Columbia Large Cap Growth Fund V C000094649 Class W CMSWX CENTRAL INDEX KEY: 0000773757 S000012081 Columbia Large Cap Growth Fund C000122672 Class R4 CCGRX CENTRAL INDEX KEY: 0001097519 S000010794 Columbia Large Cap Growth Fund V C000122581 Class R4 CWSRX S000010797 Columbia Large Cap Growth Fund III C000122586 Class R4 CSFRX S000010799 Columbia Large Cap Growth Fund II C000122587 Class R4 CTFRX 425 1 d172957d425.htm COLUMBIA FUNDS SERIES TRUST I Columbia Funds Series Trust I

Filing by Columbia Funds Series Trust I pursuant to Rule 425 under the Securities Act of 1933, and deemed filed under Rule 14a-12(b) under the Securities Exchange Act of 1934.

Subject Companies:

Columbia Funds Series Trust

(SEC File No. 811-09645)

Columbia Funds Series Trust I

(SEC File No. 811-04367)

Columbia Funds Series Trust II

(SEC File No. 811-21852)

 

           

Fund merger news and proxy proposals

 

In mid-December 2015, we announced that our fund boards approved 12 fund mergers and other proposals that are now subject to approval by shareholders. To gain shareholder approval, we mailed proxy materials to shareholders and filed them with the Securities and Exchange Commission and are soliciting shareholder votes, which we expect to conclude at the shareholder meeting on April 15, 2016. For your convenience, the merger and proxy proposal information is summarized below.

    

 

Merger Resources

 

    
     

Merger Questions & Answers (PDF)

 

Potential lower fund operating expenses (PDF)

 

                                                                           

 

See the “How to vote” section below for voting instructions.

 

    

Fund merger proposals

The following funds are proposed to merge into the corresponding acquiring funds. If approved by shareholders, mergers should be completed at the close of business on the anticipated merger date. We believe the proposed fund mergers, if approved, will enable shareholders of each acquired fund to invest in a larger, potentially more efficient portfolio while continuing to pursue a similar investment strategy. We also anticipate that shareholders of certain funds may benefit from lower expenses. Each acquired fund is expected to remain open for additional purchases through the close of business on the day of the merger.

 

Acquired fund   Acquiring fund  

Anticipated merger date

(close of business)

Columbia International Opportunities Fund   Columbia Select International Equity Fund   May 20, 2016
Columbia International Value Fund   Columbia Overseas Value Fund   May 20, 2016

Columbia Large Cap Growth Fund II

Columbia Large Cap Growth Fund III

Columbia Large Cap Growth Fund IV

Columbia Large Cap Growth Fund V

   Columbia Large Cap Growth Fund   May 20, 2016
Columbia Multi-Advisor Small Cap Value Fund   Columbia Select Smaller-Cap Value Fund   May 20, 2016
Columbia Value and Restructuring Fund   Columbia Contrarian Core Fund   May 20, 2016

Acquired variable portfolio   Acquiring variable portfolio  

Anticipated merger date

(close of business)

Columbia Variable Portfolio - International Opportunities Fund   Columbia Variable Portfolio - Select International Equity Fund   April 29, 2016

Columbia Variable Portfolio - Large Cap

Growth Fund II

Columbia Variable Portfolio - Large Cap

Growth Fund III

  

Columbia Variable Portfolio - Large Cap

Growth Fund

   April 29, 2016
Variable Portfolio - Loomis Sayles Growth Fund II   Variable Portfolio - Loomis Sayles Growth Fund   April 29, 2016

How to vote

Shareholders should use the voting instructions listed on their proxy card(s). Shareholders are encouraged to vote as early as possible to reduce fund expenses and unnecessary calls from the funds’ proxy solicitor. Shareholder voting options include:

 

By telephone:

 

•       Beneficial shareholders should refer to their proxy card for specific phone numbers.

 

•       Direct-at-fund shareholders should call:

 

•       Mutual funds: 800.337.3503

 

•       Variable portfolios: 866.298.8476

 

By internet:

 

•       Beneficial shareholders should go to: proxyvote.com.

 

•       Direct-at-fund shareholders should go to: proxy-direct.com.

 

By mail, using the postage prepaid envelope provided.

 

In person, at the shareholder meeting scheduled to occur at 225 Franklin Street, Boston, MA (32nd Floor, Room 3200) on April 15, 2016.

  

 

Not sure if you’re a beneficial or direct-at-fund shareholder?

 

Beneficial shareholders hold shares through a broker/dealer or financial intermediary and receive account statements from that financial firm.

 

Direct-at-fund shareholders hold shares directly with the fund and receive account statements from Columbia Threadneedle.

Additional proxy proposals for Columbia AMT-Free Tax-Exempt Bond Fund

Shareholders of Columbia AMT-Free Tax-Exempt Bond Fund are asked to vote on the proxy proposals outlined below.

 

  •   Shareholders of Columbia AMT-Free Tax-Exempt Bond Fund are being asked to approve changes to the fund’s investment objective and 80% investment policy to permit investing, without limit, in AMT-generating securities.

Proxy materials

For additional details, the proxy materials can be found online at:

 

  •   Mutual fund mergers: proxy-direct.com/col-27405

  •   Variable portfolio mergers: proxy-direct.com/col-27408

 

  •   Columbia AMT-Free Tax-Exempt Bond Fund changes: proxy-direct.com/col-27406

Proxy-related questions

If you have questions about any of the proxy proposals or about voting procedures, please call the funds’ proxy solicitor, Computershare Fund Services, toll free at 800.708.7953.

Restrictions and policies

Certificates of shares

If you currently hold any shares of an acquired fund in certificate form, those shares will be considered null and void upon completion of the fund merger. Shares will be held in book entry form in the corresponding acquiring fund.

New accounts

New account applications for the purchase of shares of an acquired fund, received in good order, will be accepted through the close of business on that acquired fund’s merger date. After that, any account application for shares of an acquired fund will be rejected.

Purchases, exchanges and redemptions of shares of an acquired fund

Purchases, exchanges and redemptions of an acquired fund will be accepted through the close of business on the acquired fund’s merger date. In addition, requests to purchase, exchange or redeem shares of an acquired fund received in good order within 30 days after the merger date, will automatically be treated as a purchase, exchange or redemption of the corresponding acquiring fund. After this 30-day period, any such requests will be rejected.

Systematic investment plan and systematic withdrawal plan transactions

If you are currently participating in the systematic investment plan or systematic withdrawal plan with an acquired fund, your current systematic transactions will be carried over to its corresponding acquiring fund.

Additional information about existing accounts, share transfer, taxes, services and distributions

Existing accounts

Account numbers will be carried over whenever possible. But, if an account number in an acquiring fund is already being used by another shareholder, a new account number will be created. We will also target existing accounts for the same shareholder in the acquiring funds whenever possible.

Share transfer

The full value of your account in an acquired fund will be exchanged for shares of the acquiring fund on the date of the mergers. While the number of shares may differ based on each fund’s net asset value, the value of your account will not change as a direct result of the merger transaction. If your shares are currently subject to a CDSC, the CDSC will carry over with the merger transaction. Any applicable CDSC will be assessed on redemptions based on the CDSC schedule applicable to shares of the acquired funds.

Taxes

Each retail mutual fund merger is intended to be a tax-free reorganization for U.S. federal income tax purposes. Shareholders of the funds are not expected to realize any gains or losses as a direct result of the mergers.

Services

Account-level features and options such as dividend distributions, dividend diversification, automatic investment plans, systematic withdrawals and dollar cost averaging will automatically carry over during the merger transaction. If a shareholder of an acquired fund also owns a pre-existing account in an acquiring fund, the account level features do not carry over.

Distributions

Prior to each acquired fund’s merger event, ordinary income and capital gains, if any, will be distributed to shareholders of record in the acquired funds and possibly in the acquiring funds.

The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any Acquiring Fund. For information regarding an Acquiring Fund, or to receive a free copy of a prospectus/proxy statement relating to a proposed merger, please call the proxy solicitor or visit its website. The telephone number and website for the proxy solicitor is 800-708-7953 and proxy-direct.com/col-27405, proxy-direct.com/col-27408 or proxy-direct.com/col-27406, respectively. The prospectus/proxy statement contains important information about fund objectives, strategies, fees, expenses and risk considerations. The prospectus/proxy statement is also available for free on the website of the Securities and Exchange Commission (www.sec.gov). Please read the prospectus/proxy statement carefully before making any decision to invest or when considering a merger proposal.

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