MainStay plans rollover of Equity Index Fund into S&P 500 Index Fund

By Toni Weeks

San Diego, Dec. 23 - The board of trustees of the MainStay Equity Index Fund approved on Dec. 14 a proposal to be submitted to shareholders concerning a plan of reorganization for the fund, according to a 497 filing with the Securities and Exchange Commission.

At a May 21 meeting, shareholders who own shares of a fund as of the record date will be asked to approve an agreement and plan of reorganization for the acquisition of all assets and liabilities of the Equity Index Fund by the MainStay S&P 500 Index Fund in exchange for class A shares of the S&P 500 Fund, followed by the liquidation of the Equity Index Fund.

Shareholders will receive a proxy statement with further information on March 19.

Parsippany, N.J.-based New York Life Investments serves as the manager for the fund.

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