Goldman Sachs Credit Strategies Fund seeks OK to reorganize

By Toni Weeks

San Luis Obispo, Calif., Sept. 19 - The board of trustees of the Goldman Sachs Credit Strategies Fund approved a plan to reorganize the fund into the Goldman Sachs Long Short Credit Strategies Fund, a newly organized series of Goldman Sachs Trust, according to a 497 filing with the Securities and Exchange Commission.

Shareholder approval is required at a meeting to be held in mid-to-late January.

The existing fund seeks a total return comprised of income and capital appreciation by investing in investment-grade and high-yield credit-related instruments such as debt securities and instruments and obligations of U.S. and non-U.S. government, corporate and other non-governmental entities and issuers.

New York-based Goldman Sachs Asset Management is the investment adviser to the funds.

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