M&A - FIDELITY ADVISOR SERIES I

Form Type: DEFA14A

Filing Date: 2025-04-17

Corporate Action: Merger

Type: Update

Accession Number: 000113322825003931

Filing Summary: The meeting for shareholders of Fidelity Advisor Dividend Growth Fund, Fidelity Advisor Equity Value Fund, and Fidelity Advisor Value Leaders Fund has been adjourned until June 11, 2025, due to insufficient votes cast to proceed with the proposed mergers into Fidelity Dividend Growth Fund, Fidelity Value Discovery Fund, and Fidelity Blue Chip Value Fund. Shareholders are urged to vote their shares to ensure the proposals can pass, emphasizing the importance of each vote regardless of the size of holdings. The document includes contact information for shareholders to cast their votes via mail or phone and provides reassurance on the voting process.

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Form Type: DEFA14A

Filing Date: 2025-04-17

Corporate Action: Merger

Type: Update

Accession Number: 000113322825003933

Filing Summary: The Special Meeting of Shareholders for Fidelity Advisor Dividend Growth Fund, Fidelity Advisor Equity Value Fund, and Fidelity Advisor Value Leaders Fund has been adjourned until June 11, 2025, due to insufficient votes to approve the proposed mergers. The funds are set to merge into Fidelity Dividend Growth Fund, Fidelity Value Discovery Fund, and Fidelity Blue Chip Value Fund. Shareholders are encouraged to vote on the proposals to ensure they pass, emphasizing the importance of every vote.

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Form Type: DEFA14A

Filing Date: 2025-04-11

Corporate Action: Merger

Type: New

Accession Number: 000113322825003751

Filing Summary: FIDELITY ADVISOR SERIES I is proposing two significant mergers to its shareholders during the special meeting scheduled for June 11, 2025. The first proposal involves merging the Fidelity Advisor Large Cap Fund into the Fidelity Large Cap Stock Fund, while the second entails merging the Fidelity Advisor Overseas Fund into the Fidelity Overseas Fund. The Board of Trustees has carefully reviewed both proposals and unanimously recommends that shareholders vote in favor of these reorganizations, highlighting that each merger is in the best interest of shareholders by allowing them to pursue the same investment objectives in larger funds, which would also reduce expenses. The anticipated closing date for the mergers is on or about July 25, 2025, pending necessary shareholder approvals. It is emphasized that no tax implications will arise from these reorganizations.

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Form Type: DEFA14A

Filing Date: 2025-02-14

Corporate Action: Merger

Type: New

Accession Number: 000113322825001103

Filing Summary: A special meeting of shareholders for Fidelity Advisor Series I is scheduled for April 16, 2025, to vote on various merger proposals concerning the Fidelity funds. Proposal 1 involves merging the Fidelity Advisor Dividend Growth Fund into the Fidelity Dividend Growth Fund, allowing shareholders to pursue the same investment objectives in a larger fund with potentially lower expenses. Proposal 2 seeks to merge the Fidelity Advisor Equity Value Fund into the Fidelity Value Discovery Fund, similarly aiming for expanded opportunities and reduced costs. Proposal 3 proposes merging the Fidelity Advisor Value Leaders Fund into the Fidelity Blue Chip Value Fund, also promising lower expenses for shareholders. The Board of Trustees has unanimously approved all proposals, suggesting they serve the best interests of shareholders. The anticipated closing date for the mergers is around June 6, 2025, contingent upon shareholder approval.

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Form Type: DEFA14A

Filing Date: 2025-02-14

Corporate Action: Merger

Type: New

Accession Number: 000113322825001105

Filing Summary: Fidelity Advisor Series I is convening a special meeting of shareholders on April 16, 2025, to vote on three merger proposals involving Fidelity funds. The proposals include: (1) merging Fidelity Advisor Dividend Growth Fund into Fidelity Dividend Growth Fund, (2) merging Fidelity Advisor Equity Value Fund into Fidelity Value Discovery Fund, and (3) merging Fidelity Advisor Value Leaders Fund into Fidelity Blue Chip Value Fund. Each proposal has been carefully reviewed and is recommended by the Board of Trustees, which believes these mergers are in the best interests of shareholders. The mergers are anticipated to result in lower expenses for the shareholders and are expected to qualify as tax-free reorganizations. Shareholders are encouraged to cast their votes as timely voting helps control proxy expenses. The anticipated closing date for the mergers is June 6, 2025, subject to necessary shareholder approvals. Voting can be done through an online process, via telephone, or by returning a signed proxy card.

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Form Type: 497K

Filing Date: 2025-01-28

Corporate Action: Merger

Type: New

Accession Number: 000072257425000066

Filing Summary: The document details the proposed reorganization of Fidelity Advisor® Dividend Growth Fund into Fidelity® Dividend Growth Fund. This tax-free merger will involve the transfer of all assets of Fidelity Advisor® Dividend Growth Fund in exchange for corresponding shares of Fidelity® Dividend Growth Fund. As a result, shareholders of the former fund will receive shares in the latter fund. The reorganization is contingent upon shareholder approval at a special meeting expected in the second quarter of 2025, with the transaction anticipated to be effective around June 6, 2025, should all conditions be met. The document incorporates the fund's prospectus dated January 29, 2025, and outlines key financial information, fees, and investment strategies as well as the summary of historical performance of different share classes.

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Form Type: 497K

Filing Date: 2025-01-28

Corporate Action: Merger

Type: New

Accession Number: 000072257425000069

Filing Summary: Fidelity Advisor® Equity Value Fund has proposed a Reorganization Plan where it will merge into Fidelity® Value Discovery Fund on a tax-free basis. Under the agreement, shareholders of Fidelity Advisor® Equity Value Fund will exchange their shares for corresponding shares in Fidelity® Value Discovery Fund. The Reorganization aims to consolidate assets, offering shareholders potential tax benefits, and is scheduled for a special shareholder meeting in the second quarter of 2025. Upon shareholder approval, the transaction is anticipated to be completed around June 6, 2025. Additionally, the fund will continue operations until the Reorganization, allowing existing shareholders to retain and purchase additional shares until the merger is finalized.

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Form Type: 497K

Filing Date: 2025-01-28

Corporate Action: Merger

Type: Update

Accession Number: 000072257425000070

Filing Summary: The document outlines a Reorganization approved by the Board of Trustees of Fidelity Advisor Series I for the Fidelity Advisor® Growth & Income Fund. The Fund will be reorganized on a tax-free basis into the Fidelity® Growth & Income Portfolio. This Reorganization involves transferring all assets and liabilities of the Fidelity Advisor® Growth & Income Fund in exchange for corresponding shares of the Fidelity® Growth & Income Portfolio, which will be distributed pro rata to shareholders of the Fidelity Advisor® Growth & Income Fund upon completion. The Reorganization is scheduled to take place on or about March 28, 2025, and does not require shareholder approval. As a result, shareholders will become stakeholders in the Fidelity® Growth & Income Portfolio without recognizing any capital gains or losses during the transaction.

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Form Type: 497

Filing Date: 2025-01-27

Corporate Action: Merger

Type: New

Accession Number: 000072257425000062

Filing Summary: Fidelity Advisor Series I has filed a 497 form to announce significant corporate actions affecting multiple funds under its management. The Board of Trustees approved, pending shareholder approval, a proposal to classify Fidelity Advisor® Growth Opportunities Fund as non-diversified, allowing for greater investment strategy flexibility. A shareholders' meeting is anticipated in early Q2 2025 for this vote, with possible changes effective May 1, 2025. Additionally, there is a proposed tax-free reorganization between Fidelity Advisor® Large Cap Fund and Fidelity® Large Cap Stock Fund, set for around July 25, 2025, where shareholders will receive shares of the latter. Moreover, Fidelity Advisor® Equity Income Fund will undergo a similar tax-free reorganization into Fidelity® Equity Dividend Income Fund, expected to happen around June 6, 2025, without requiring shareholder approval. Both reorganizations aim to enhance investment focus and provide a streamlined asset structure for shareholders. Information statements and proxy materials will be made available prior to the respective meetings.

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Form Type: 497K

Filing Date: 2025-01-27

Corporate Action: Merger

Type: New

Accession Number: 000072257425000063

Filing Summary: The Board of Trustees of Fidelity Advisor Series I has approved an Agreement and Plan of Reorganization (the 'Agreement') between Fidelity Advisor® Equity Income Fund and Fidelity® Equity Dividend Income Fund. This reorganization will occur on a tax-free basis, with Fidelity Advisor® Equity Income Fund merging into Fidelity® Equity Dividend Income Fund. Shareholders of Fidelity Advisor® Equity Income Fund will receive corresponding shares in Fidelity® Equity Dividend Income Fund. The Agreement allows for the transfer of all assets and liabilities, ensuring a seamless transition for shareholders, who will become shareholders of the new fund. The reorganization does not require shareholder approval and is expected to be completed around June 6, 2025. Shareholders are advised that they will not recognize any gain or loss as a result of this transaction, which emphasizes its tax-free nature. New positions in Fidelity Advisor® Equity Income Fund will be suspended prior to the reorganization date, while current shareholders may continue to hold and add to their investments until the merger takes place. More information, including a combined information statement and prospectus, will be provided to shareholders in due course.

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Form Type: 497K

Filing Date: 2025-01-27

Corporate Action: Merger

Type: New

Accession Number: 000072257425000065

Filing Summary: The Board of Trustees of Fidelity Advisor Series I has unanimously approved an Agreement and Plan of Reorganization between Fidelity Advisor® Large Cap Fund and Fidelity® Large Cap Stock Fund. The proposed Reorganization aims to reorganize Fidelity Advisor® Large Cap Fund into Fidelity® Large Cap Stock Fund on a tax-free basis. Shareholders of Fidelity Advisor® Large Cap Fund will receive shares of Fidelity® Large Cap Stock Fund equal in value to the net assets of Fidelity Advisor® Large Cap Fund. Following this exchange, Fidelity Advisor® Large Cap Fund will liquidate and distribute the Fidelity® Large Cap Stock Fund shares to its shareholders on a pro rata basis. A Special Meeting of the Shareholders is expected to be held in the second quarter of 2025 to vote on the Agreement. If approved, the Reorganization is anticipated to occur on or about July 25, 2025, pending the satisfaction of certain conditions. Effective prior to the Reorganization, new positions in the fund may not be opened while existing shareholders can still hold and purchase additional shares until the Reorganization takes place. A combined proxy statement and prospectus will be provided to shareholders in advance of the meeting with detailed information regarding the Reorganization and associated risks and costs.

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Form Type: 497

Filing Date: 2025-01-13

Corporate Action: Merger

Type: New

Accession Number: 000113322825000407

Filing Summary: The Board of Trustees of Fidelity Advisor Series I has unanimously approved a plan to reorganize the Fidelity Advisor® Equity Income Fund into the Fidelity® Equity Dividend Income Fund. This transaction is set to occur on a tax-free basis, with shareholders receiving corresponding shares in the new fund. The reorganization is not subject to shareholder approval and is expected to take place on or around March 28, 2025. The reorganization will involve transferring all assets of the current fund in exchange for shares in the new fund, ensuring that shareholders become shareholders of the Fidelity® Equity Dividend Income Fund, effectively liquidating the Fidelity Advisor® Equity Income Fund. Information documents regarding this reorganization will be provided to shareholders. Additionally, there are updates to the management contracts and operating expenses associated with the funds, with specific details on the management fees by class provided.

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Form Type: 497K

Filing Date: 2025-01-13

Corporate Action: Merger

Type: New

Accession Number: 000113322825000409

Filing Summary: The Board of Trustees of Fidelity Advisor Series I has unanimously approved an Agreement and Plan of Reorganization between Fidelity Advisor® Equity Income Fund and Fidelity® Equity Dividend Income Fund. The reorganization will be executed on a tax-free basis with Fidelity Advisor® Equity Income Fund reorganizing into Fidelity® Equity Dividend Income Fund, which seeks to provide dividend and interest income exceeding the composite dividend yield on the S&P 500® Index. Shareholders of Fidelity Advisor® Equity Income Fund will receive shares in corresponding classes of the Fidelity® Equity Dividend Income Fund, reflecting the net assets transferred. This reorganization is expected to occur around March 28, 2025, and does not require shareholder approval. Shareholders will be informed through a combined information statement and prospectus. New positions in the fund may no longer be opened effective March 1, 2024, although existing shareholders can continue holding and purchasing through reinvestments until the transaction takes place. The reorganization is anticipated to be tax-free, ensuring no immediate tax implications for shareholders. Following the reorganization, shareholders will officially become shareholders of the Fidelity® Equity Dividend Income Fund, and details will be communicated in a forthcoming information statement/prospectus.

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