Liquidation: FIDELITY PURITAN TRUST

Form Type: 485BPOS

Filing Date: 2025-02-14

Corporate Action: Liquidation

Type: Update

Accession Number: 000113322825001100

Filing Summary: FIDELITY PURITAN TRUST has filed an updated registration under FORM N-14 for the proposed liquidation of certain series within its trust, including Fidelity Advisor® Dividend Growth Fund, Fidelity Advisor® Equity Value Fund, and Fidelity Advisor® Value Leaders Fund. The filing indicates a Special Meeting of Shareholders to be held on April 16, 2025, where shareholders will vote on proposals regarding the transfer of each fund's assets to corresponding acquiring funds - specifically, the Dividend Growth Fund to Fidelity® Dividend Growth Fund, the Equity Value Fund to Fidelity® Value Discovery Fund, and the Value Leaders Fund to Fidelity® Blue Chip Value Fund. Each proposal concerns the complete liquidation of the respective funds by transferring all assets and liabilities to the acquiring funds in exchange solely for shares of those funds. The Board of Trustees recommends the approval of these agreements and anticipates that if approved, these transactions will qualify as tax-free reorganizations for federal income tax purposes. All shareholders eligible to vote as of February 19, 2025, are encouraged to participate and vote promptly as the meeting will be conducted virtually.

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Form Type: N-14

Filing Date: 2025-01-07

Corporate Action: Liquidation

Type: New

Accession Number: 000113322825000223

Filing Summary: This document serves as a registration statement under the Securities Act of 1933 for Fidelity Puritan Trust, specifically detailing the plans for liquidating three funds: Fidelity Advisor® Dividend Growth Fund, Fidelity Advisor® Equity Value Fund, and Fidelity Advisor® Value Leaders Fund. A special shareholder meeting is scheduled for April 16, 2025, to vote on proposals that involve reorganizing these funds by transferring their assets to corresponding acquiring funds: Fidelity® Dividend Growth Fund, Fidelity® Value Discovery Fund, and Fidelity® Blue Chip Value Fund. Each proposal aims for the complete liquidation of the respective Fidelity Advisor funds with shareholders receiving shares in the acquiring funds. Additionally, the reorganization is expected to provide cost benefits to shareholders and is classified as a tax-free reorganization. The document outlines procedures for shareholder voting, registration for attending the virtual meeting, and the intended timeline for the transactions, which are expected to close on May 9, 2025.

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