0000728889-13-000860.txt : 20130607 0000728889-13-000860.hdr.sgml : 20130607 20130607163614 ACCESSION NUMBER: 0000728889-13-000860 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130607 DATE AS OF CHANGE: 20130607 EFFECTIVENESS DATE: 20130607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER ROCHESTER INTERMEDIATE TERM MUNICIPAL FUND CENTRAL INDEX KEY: 0001417386 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-147208 FILM NUMBER: 13901083 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 ROCHESTER GENERAL MUNICIPAL FUND DATE OF NAME CHANGE: 20071102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER ROCHESTER AMT-FREE NEW YORK MUNICIPAL FUND CENTRAL INDEX KEY: 0000748009 IRS NUMBER: 133222130 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-91683 FILM NUMBER: 13901085 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 AMT FREE NEW YORK MUNICIPALS DATE OF NAME CHANGE: 20031112 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER NEW YORK MUNICIPAL FUND DATE OF NAME CHANGE: 19961031 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER NEW YORK TAX EXEMPT FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Rochester Portfolio Series CENTRAL INDEX KEY: 0000876409 IRS NUMBER: 161399853 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-41511 FILM NUMBER: 13901086 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 FUND MUNICIPALS CENTRAL INDEX KEY: 0000093621 IRS NUMBER: 160473255 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-03692 FILM NUMBER: 13901087 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 ROCHESTER AMT-FREE MUNICIPAL FUND CENTRAL INDEX KEY: 0000275857 IRS NUMBER: 132882747 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-57116 FILM NUMBER: 13901089 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 ROCHESTER AMT-FREE MUNICIPALS DATE OF NAME CHANGE: 20130123 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER AMT-FREE MUNICIPALS DATE OF NAME CHANGE: 20031210 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER MUNICIPAL BOND FUND DATE OF NAME CHANGE: 19961031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER MULTI-STATE MUNICIPAL TRUST CENTRAL INDEX KEY: 0000853593 IRS NUMBER: 133725974 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-30198 FILM NUMBER: 13901091 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 MULTI-STATE TAX-EXEMPT TRUST DATE OF NAME CHANGE: 19940330 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER PENNSYLVANIA TAX EXEMPT FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER ROCHESTER SHORT TERM MUNICIPAL FUND CENTRAL INDEX KEY: 0001416732 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-147062 FILM NUMBER: 13901092 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 ROCHESTER DOUBLE TAX-FREE MUNICIPALS DATE OF NAME CHANGE: 20071029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER ROCHESTER CALIFORNIA MUNICIPAL FUND CENTRAL INDEX KEY: 0000837441 IRS NUMBER: 133222131 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-23566 FILM NUMBER: 13901084 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 MUNICIPAL FUND CENTRAL INDEX KEY: 0000799102 IRS NUMBER: 363456529 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-08054 FILM NUMBER: 13901090 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 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: OPPENHEIMER ROCHESTER Ltd TERM CALIFORNIA MUNICIPAL FUND CENTRAL INDEX KEY: 0001272949 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-111230 FILM NUMBER: 13901088 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

0000093621 S000008503 OPPENHEIMER ROCHESTER FUND MUNICIPALS

C000023347 A

C000023348 B

C000023349 C

C000023350 Y

0000275857 S000006957 OPPENHEIMER ROCHESTER AMT-FREE MUNICIPAL FUND

C000018975 A

C000018976 B

C000018977 C

C000096805 Y

0000748009 S000006958 OPPENHEIMER AMT-FREE NEW YORK MUNICIPAL FUND

C000018979 A

C000018980 B

C000018981 C

C000096823 Y

0000799102 S000007126 Oppenheimer Rochester Limited Term Municipal Fund

C000019489 A

C000019490 B

C000019491 C

C000096825 Y

0000837441 S000008979 OPPENHEIMER ROCHESTER CALIFORNIA MUNICIPAL FUND

C000024399 A

C000024400 B

C000024401 C

C000096808 Y

0000853593 S000007294 Oppenheimer Rochester New Jersey Municipal Fund

C000020044 A

C000020045 B

C000020046 C

C000096811 Y

0000853593 S000007295 Oppenheimer Rochester Pennsylvania Municipal Fund

C000020047 A

C000020048 B

C000020049 C

C000096810 Y

0000853593 S000007296 Oppenheimer Rochester High Yield Municipal Fund

C000020050 A

C000020051 B

C000020052 C

C000096813 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

C000023328 B

C000023329 C

C000096814 Y

0001416732 S000020498 Oppenheimer Rochester Short Term Municipal Fund

C000057451 A

C000057452 Y

C000057453 C

0001417386 S000020673 Oppenheimer Rochester Intermediate Term Municipal Fund

C000057708 A

C000057709 Y

C000057710 C

497 1 rochsupps.htm

OPPENHEIMER ROCHESTER^® INTERMEDIATE TERM MUNICIPAL FUND
OPPENHEIMER ROCHESTER^® SHORT TERM MUNICIPAL FUND
OPPENHEIMER PENNSYLVANIA MUNICIPAL FUND
OPPENHEIMER ROCHESTER^® LIMITED TERM MUNICIPAL FUND
OPPENHEIMER AMT-FREE MUNICIPALS
OPPENHEIMER ROCHESTER^® NATIONAL MUNICIPALS
OPPENHEIMER NEW JERSEY MUNICIPAL FUND
OPPENHEIMER LIMITED TERM CALIFORNIA MUNICIPAL FUND
OPPENHEIMER ROCHESTER^® FUND MUNICIPALS
OPPENHEIMER ROCHESTER^® LIMITED TERM NEW YORK MUNICIPAL FUND
OPPENHEIMER ROCHESTER^® AMT-FREE NEW YORK MUNICIPALS
OPPENHEIMER CALIFORNIA MUNICIPAL FUND

Statement of Additional Information Supplement dated June 7, 2013

This supplement amends the Statement of Additional Information ("SAI") of each of the above referenced funds (each a "Fund") and is in addition to any other supplements.

The SAI of each Fund is revised as follows:

The following is added to the section of the SAI titled “The Fund’s Main Investment Policies”:

Investments in Municipal Preferred Shares Issued by a Closed-End Fund. The Fund may invest in municipal preferred shares issued by a type of investment company known as a closed-end fund. Closed-end funds may issue preferred shares, subject to the asset coverage requirements of the Investment Company Act of 1940, to raise capital that can be used to purchase more securities for its portfolio. While these municipal preferred shares are equity securities that have a fixed, monthly dividend rate payable from the company's earnings, their fixed dividend rate, among other features, causes preferred shares to have similar characteristics to debt securities. Income earned from investments in these preferred shares is expected to be exempt from federal income taxes.

If interest rates rise, the fixed dividend on preferred shares may be less attractive and the price of those securities will likely decline. If interest rates fall their price will likely increase. In addition to interest rate risk, investments in municipal preferred shares issued by a closed-end fund may be subject to credit risk, early redemption risk and reinvestment risk. Municipal preferred shares have provisions for their redemption prior to maturity which can have a negative effect on their prices when interest rates fall. Although these municipal preferred shares are listed on the New York Stock Exchange, there is a risk that the market for these shares may be thinly traded and relatively illiquid compared to the market for other types of securities.

The Fund may pay transaction fees in connection with acquiring or disposing of the preferred shares. The Fund does not intend to invest in these investment companies unless the Sub-Adviser believes that the potential benefits of an investment justify any transaction fees.

Although these municipal preferred shares do not constitute a liability of the issuer and therefore do not offer the same degree of capital protection as debt securities, the municipal preferred shares rank ahead of common stock in claims for dividends and for assets of the issuer in a liquidation or bankruptcy. Investments in other investment companies are subject to limits set forth in the Investment Company Act of 1940. As a result, the Fund cannot invest more than 5% of its total assets in any single closed-end fund or other investment company and cannot invest in aggregate more than 10% of its total assets in multiple in closed-end funds and other investment companies.

June 7, 2013 PX0000.060