0000728889-18-000129.txt : 20180126 0000728889-18-000129.hdr.sgml : 20180126 20180126091350 ACCESSION NUMBER: 0000728889-18-000129 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180126 DATE AS OF CHANGE: 20180126 EFFECTIVENESS DATE: 20180126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Arizona Municipal Fund CENTRAL INDEX KEY: 0001357434 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132778 FILM NUMBER: 18549991 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Maryland Municipal Fund CENTRAL INDEX KEY: 0001357435 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132779 FILM NUMBER: 18549999 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Massachusetts Municipal Fund CENTRAL INDEX KEY: 0001357433 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132781 FILM NUMBER: 18549998 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Michigan Municipal Fund CENTRAL INDEX KEY: 0001357432 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132782 FILM NUMBER: 18549997 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Minnesota Municipal Fund CENTRAL INDEX KEY: 0001357431 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132783 FILM NUMBER: 18549996 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester North Carolina Municipal Fund CENTRAL INDEX KEY: 0001357430 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132784 FILM NUMBER: 18549995 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Ohio Municipal Fund CENTRAL INDEX KEY: 0001357428 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132785 FILM NUMBER: 18549994 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Virginia Municipal Fund CENTRAL INDEX KEY: 0001357429 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132786 FILM NUMBER: 18549992 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER ROCHESTER SHORT TERM MUNICIPAL FUND CENTRAL INDEX KEY: 0001416732 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-147062 FILM NUMBER: 18549993 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 FUND MUNICIPALS CENTRAL INDEX KEY: 0000093621 IRS NUMBER: 160473255 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-03692 FILM NUMBER: 18550001 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: Rochester Portfolio Series CENTRAL INDEX KEY: 0000876409 IRS NUMBER: 161399853 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-41511 FILM NUMBER: 18550000 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

0000093621 S000008503 OPPENHEIMER ROCHESTER FUND MUNICIPALS

C000023347 A

C000023348 B

C000023349 C

C000023350 Y

0000876409 S000010049 OPPENHEIMER ROCHESTER LIMITED TERM NEW YORK MUNICIPAL FUND

C000027833 A

C000027834 B

C000027835 C

C000099311 Y

0001357428 S000012509 Oppenheimer Rochester Ohio Municipal Fund

C000034015 A

C000034016 B

C000034017 C

C000102786 Y

0001357429 S000012510 Oppenheimer Rochester Virginia Municipal Fund

C000034018 A

C000034019 B

C000034020 C

C000102777 Y

0001357430 S000012508 Oppenheimer Rochester North Carolina Municipal Fund

C000034012 A

C000034013 B

C000034014 C

C000102772 Y

0001357431 S000012507 Oppenheimer Rochester Minnesota Municipal Fund

C000034009 A

C000034010 B

C000034011 C

C000102785 Y

0001357432 S000012506 Oppenheimer Rochester Michigan Municipal Fund

C000034006 A

C000034007 B

C000034008 C

C000102791 Y

0001357433 S000012505 Oppenheimer Rochester Massachusetts Municipal Fund

C000034003 A

C000034004 B

C000034005 C

C000102788 Y

0001357434 S000012503 Oppenheimer Rochester Arizona Municipal Fund

C000033997 A

C000033998 B

C000033999 C

C000102770 Y

0001357435 S000012504 Oppenheimer Rochester Maryland Municipal Fund

C000034000 A

C000034001 B

C000034002 C

C000102779 Y

0001416732 S000020498 Oppenheimer Rochester Short Term Municipal Fund

C000057451 A

C000057452 Y

C000057453 C

497 1 rochestersticker.htm

OPPENHEIMER ROCHESTER^® ARIZONA MUNICIPAL FUND

OPPENHEIMER ROCHESTER^®FUND MUNICIPALS

OPPENHEIMER ROCHESTER^® LIMITED TERM NEW YORK MUNICIPAL FUND

OPPENHEIMER ROCHESTER^® MARYLAND MUNICIPAL FUND

OPPENHEIMER ROCHESTER^® MASSACHUSETTS MUNICIPAL FUND

OPPENHEIMER ROCHESTER^® MICHIGAN MUNICIPAL FUND

OPPENHEIMER ROCHESTER^® MINNESOTA MUNICIPAL FUND

OPPENHEIMER ROCHESTER^® NORTH CAROLINA MUNICIPAL FUND

OPPENHEIMER ROCHESTER^® OHIO MUNICIPAL FUND

OPPENHEIMER ROCHESTER^® SHORT TERM MUNICIPAL FUND

OPPENHEIMER ROCHESTER^® VIRGINIA MUNICIPAL FUND

Supplement dated January 26, 2018 to the Statement of Additional Information

This supplement amends the statement of additional information (“SAI”) of the above referenced funds (each, a “Fund” and together, the “Funds”) and is in addition to any other supplement(s). You should read this supplement in conjunction with the statement of additional information and retain it for future reference.

The following is added to Appendix A, under the section “Commonwealth of Puerto Rico”:

Natural Disasters. In September 2017, two successive hurricanes – Irma and Maria – caused severe damage to Puerto Rico. Hurricane Irma passed to the north of the Commonwealth, but Hurricane Maria made direct landfall, and the damage caused by both storms is extensive. The Commonwealth’s infrastructure was severely damaged by high winds and substantial flooding, and much of the Commonwealth was left without power. Officials have said that it could take 6 months to a year to restore power throughout the Commonwealth, and parts of the island do not have running water. Preliminary assessments of the damage have been as high as $95 billion, which is approximately 150% of the Commonwealth’s gross national product. On September 20, 2017, President Trump declared there to be a “major disaster” in the Commonwealth and ordered federal assistance to supplement the Commonwealth’s local recovery efforts. In late October, the U.S. Congress passed a $36.5 billion disaster relief package, its second such package for areas affected by Hurricanes Harvey, Irma and Maria. The Puerto Rico Financial Oversight and Management Board approved a measure to allow for the reallocation of up to $1 billion of the current budget to recovery and rebuilding efforts. Notwithstanding the allocated aid, in November 2017, the Commonwealth’s governor requested an additional $94.4 billion to help rebuild the Commonwealth’s damaged infrastructure. It is expected that the Federal Emergency Management Agency will cover approximately 90% of the costs to rebuild public infrastructure, up from the standard 75%.

The damage caused by Hurricanes Irma and Maria is expected to have substantially adverse effects on the Commonwealth’s economy. In addition to diverting funds to relief and recovery efforts, the Commonwealth is expected to lose revenue as a result of decreased tourism and general business operations. There can be no assurances that the Commonwealth will receive the necessary aid to rebuild from the damage caused by Hurricanes Irma and Maria, and it is not currently possible to predict the long-term impact that Hurricanes Irma and Maria will have on the Commonwealth’s economy. All these developments have a material adverse effect on the Commonwealth’s finances and negatively impact the marketability, liquidity and value of securities issued by the Commonwealth that are held by the Fund.

The following is added to Appendix A, under the section “U.S. Virgin Islands”:

Natural Disasters. In September 2017, two successive hurricanes – Irma and Maria – caused severe damage to the Virgin Islands. Hurricane Irma made landfall on the islands of St. John and St. Thomas, but the island of St. Croix was largely undamaged. Hurricane Maria made landfall shortly thereafter, causing further damage to each of the islands. The infrastructure of the Virgin Islands was severely damaged by high winds and substantial flooding, leaving much of the Virgin Islands without power. On September 7, 2017, President Trump declared there to be a “major disaster” in the Virgin Islands and ordered federal assistance to supplement the Virgin Island’s local recovery efforts. In late October, the U.S. Congress passed a $36.5 billion disaster relief package, its second such package for areas affected by Hurricanes Harvey, Irma and Maria.

The damage caused by Hurricanes Irma and Maria is expected to have adverse effects on the Virgin Islands’ economy. A substantial portion of the Virgin Island’s revenue is dependent on tourism, and the damage from Hurricanes Irma and Maria is expected to significantly reduce the number of visitors to each of the islands. Before the storms made landfall, the Virgin Islands was already facing a severe economic crisis due to mounting debt obligations and declining revenues. There can be no assurances that the Virgin Islands will receive sufficient aid to rebuild from the damage caused by Hurricanes Irma and Maria, and it is not currently possible to predict the long-term impact that Hurricanes Irma and Maria will have on the Virgin Island’s economy. All these developments have a material adverse effect on the Virgin Island’s finances and negatively impact the marketability, liquidity and value of securities issued by the Virgin Islands that are held by the Fund.

January 26, 2018

PS0000.181