Liquidation: FIDELITY SALEM STREET TRUST
Form Type: DEFA14A
Filing Date: 2024-12-30
Corporate Action: Liquidation
Type: New
Accession Number: 000113322824011707
Filing Summary: FIDELITY MERRIMACK STREET TRUST is calling for a special meeting of shareholders on March 12, 2025, to vote on a proposal for the reorganization of the Fidelity Municipal Core Plus Bond Fund into Fidelity Municipal Bond Opportunities ETF. The reorganization is endorsed by the Board of Trustees, which has reviewed the Agreement and Plan of Reorganization and believes it is in the best interests of the shareholders. The reorganization is presented as a tax-free event, with benefits including lower expenses and enhanced trading flexibility. The shareholders are encouraged to vote for the proposal, which is described in the proxy materials, offering both online and phone voting options. The proposed transaction aims to streamline the fund's operations while maintaining the same investment objectives and strategies as before. Proxy materials detail voting instructions and the importance of participating in the decision-making process regarding this significant change.
Document Link: View Document
Additional details:
Proposal: Agreement and Plan of Reorganization and Liquidation
Meeting Date: 2025-03-12
Acquired Fund: Fidelity Municipal Core Plus Bond Fund
Acquiring Fund: Fidelity Municipal Bond Opportunities ETF
Reason For Reorganization: permits shareholders to pursue the same investment objective in an ETF structure
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