Columbia Acorn Select changes non-diversified status to diversified

By Toni Weeks

San Diego, Jan. 24 - Columbia Acorn Trust announced that the Columbia Acorn Select will no longer be classified as a non-diversified investment company, effective Jan. 31.

According to a 497 filing with the Securities and Exchange Commission, the fund has been registered as a non-diversified investment company within the meaning of Section 5(b) of the Investment Company Act of 1940.

The fund has changed its classification to diversified, and it will remain as such unless it seeks and obtains the approval of shareholders to become non-diversified.

The fund's investment adviser is Chicago-based Columbia Wanger Asset Management, LLC.

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