Empire Builder Tax Free Bond Fund seeks OK on Feb. 22 to reorganize

By Toni Weeks

San Diego, Jan. 11 - The board of trustees of the Empire Builder Tax Free Bond Fund is seeking shareholder approval at a Feb. 22 meeting to reorganize the fund into a new fund created for the purpose of the reorganization, the Neuberger Berman New York Municipal Intermediate Bond Fund.

Shareholders of record as of close of business on Jan. 4 are being asked to vote on the reorganization.

The reorganization is being proposed as a result of the sale of Glickenhaus & Co., the investment adviser of the Empire Builder fund, to Neuberger Berman LLC.

New York-based Neuberger Berman Management LLC would act as investment adviser to the new fund if shareholders approve the reorganization.

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