Liquidation: FIDELITY CONCORD STREET TRUST

Form Type: 485BPOS

Filing Date: 2025-04-11

Corporate Action: Liquidation

Type: Update

Accession Number: 000113322825003747

Filing Summary: Fidelity Concord Street Trust has filed a registration statement regarding a proposed reorganization of two funds: Fidelity Advisor® Large Cap Fund and Fidelity Advisor® Overseas Fund. Shareholders will be voting on June 11, 2025, to approve agreements that permit the transfer of assets from these funds to Fidelity® Large Cap Stock Fund and Fidelity® Overseas Fund respectively. This transaction will result in the complete liquidation of the original funds, as assets are exchanged solely for shares of the corresponding acquiring funds. The reorganization aims to provide shareholders with similar investment objectives and strategies under funds with lower expenses. The transactions are proposed to take effect on July 25, 2025, and are expected to be tax-free for shareholders. The filing includes instructions for shareholder voting and registration for the virtual meeting, emphasizing the importance of voting promptly and the requirements for a legal proxy if shares are held through a third-party nominee.

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Form Type: N-14

Filing Date: 2025-02-28

Corporate Action: Liquidation

Type: New

Accession Number: 000113322825001769

Filing Summary: Fidelity Concord Street Trust has filed a registration statement with the SEC to propose two reorganizations involving its funds. The proposed reorganization includes the transfer of all assets from Fidelity Advisor® Large Cap Fund to Fidelity® Large Cap Stock Fund and from Fidelity Advisor® Overseas Fund to Fidelity® Overseas Fund. This is a complete liquidation of the respective target funds in exchange for shares of the acquiring funds. The special meeting of shareholders is scheduled for June 11, 2025, to vote on the proposals. Shareholders must be on record by April 14, 2025, to participate in voting. The reorganizations are expected to qualify as tax-free events for federal income tax purposes and are designed to lower expenses for shareholders while maintaining similar investment strategies. Each reorganization will involve the assumption of the respective fund's liabilities and will be effective upon shareholder approval.

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