Huntington Fixed Income Securities Fund seeks OK to reorganize

By Toni Weeks

San Luis Obispo, Calif., April 14 - The board of trustees of Huntington Funds announced that it is seeking shareholder approval to reorganize some funds, according to a 497 filing with the Securities and Exchange Commission.

If the reorganizations are approved, the Huntington Fixed Income Securities Fund will merge with and into the Federated Total Return Bond Fund, a portfolio of Federated Total Return Series, Inc. by May 16.

The fund seeks to achieve high current income by investing in fixed-income securities with an average maturity of not greater than 10 years. The fund invests in investment-grade corporate bonds, U.S. Treasuries and government agencies.

Columbus, Ohio-based Huntington Asset Advisors, Inc., a subsidiary of Huntington Bank, is the investment adviser to the Huntington Fund. Federated Investment Management Co. is the investment adviser to the Federated fund.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.