Dear Dr. Don,
I’m writing to ask about holding Class B shares of mutual funds long term. All sources of information I’ve found claim that the Class B shares convert to Class A shares after six to eight years. In actuality, the Class B shares are sold and then Class A shares are purchased. So, at conversion, my B shares become A shares.
Shouldn’t the number of newly minted A shares be equal to the number (more…)
Posts Tagged ‘Share’
Share values may differ at conversion
Thursday, April 2nd, 2009Tags: conversion, differ, Share, values
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