WT Mutual approves reorganization of Wilmington funds, holders to vote

By Tali David

Minneapolis, Nov. 28 - WT Mutual Fund's board of trustees have approved an agreement and plan of reorganization on behalf of the Wilmington funds, according to a 497K filing with the Securities and Exchange Commission.

Under the proposed plan, each fund's assets and liabilities would be transferred into a corresponding series of the MTB Group of Funds, and shareholders in each fund will become shareholders in the corresponding acquiring fund.

Investors who own shares of each fund as of the close of business on Dec. 23 will be asked to approve the reorganization at a meeting on Feb. 21. If approved, the reorganizations are expected to close on March 2.

The following funds are affected by the agreement:

• Wilmington Prime Money Market Fund;

• Wilmington Tax-Exempt Money Market Fund;

• Wilmington U.S. Government Money Market Fund;

• Wilmington Short/Intermediate-Term Bond Fund;

• Wilmington Broad Market Fund;

• Wilmington Municipal Bond Fund;

• Wilmington Large-Cap Strategy Fund;

• Wilmington Small-Cap Strategy Fund;

• Wilmington Multi-Manager International Fund;

• Wilmington Multi-Manager Real Asset Fund;

• Wilmington Aggressive Asset Allocation Fund; and

• Wilmington Conservative Asset Allocation Fund.

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