M&A - AMERICAN CENTURY ASSET ALLOCATION PORTFOLIOS, INC.

Form Type: 497

Filing Date: 2025-03-07

Corporate Action: Merger

Type: New

Accession Number: 000129321025000004

Filing Summary: American Century Asset Allocation Portfolios, Inc. has announced a reorganization of its One Choice 2025 Portfolio, which will merge with the One Choice In Retirement Portfolio. This decision, approved by the Board of Directors, allows for the net assets of the One Choice 2025 Portfolio to be transferred to the One Choice In Retirement Portfolio in exchange for shares of the latter. The reorganization does not require shareholder approval and is in the best interests of both funds' shareholders, ensuring no dilution of interests. The merger is expected to be effective on or about June 13, 2025, at the close of the New York Stock Exchange, with shareholders receiving shares of equal value in the One Choice In Retirement Portfolio. Additionally, it is anticipated that this will qualify as a tax-free reorganization for federal tax purposes, meaning shareholders will not recognize any gains or losses. The One Choice 2025 Portfolio will be closed to new investors starting March 21, 2025, and to all investments, except reinvested dividends and capital gains, from June 6, 2025. Shareholders will also receive a distribution of any net income and realized gains prior to the merger.

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Form Type: 497K

Filing Date: 2025-03-07

Corporate Action: Merger

Type: New

Accession Number: 000129321025000005

Filing Summary: The document outlines that the One Choice 2025 Portfolio has reached its most conservative planned target asset allocation, prompting the Board of Directors to approve a merger with the One Choice In Retirement Portfolio. This combination, termed 'Reorganization', will not require shareholder approval and is expected to be finalized by June 13, 2025, at the close of the New York Stock Exchange. Shareholders of the One Choice 2025 Portfolio will receive shares of equal value in the One Choice In Retirement Portfolio. The transaction aims to be tax-free for shareholders, and their account values will remain unchanged. Prior to the merger, there will be a distribution of net income and/or gains, if applicable. The One Choice 2025 Portfolio will close to new investors on March 21, 2025, and will be fully closed to investments, except for reinvested dividends and capital gains distributions, effective June 6, 2025.

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