Rising Dividend Growth Fund to reorganize into Goldman Sachs Trust

By Toni Weeks

San Diego, Dec. 12 - The board of trustees of Dividend Growth Trust has approved a plan of reorganization for the Rising Dividend Growth Fund, according to a 497 filing with the Securities and Exchange Commission.

The fund intends to reorganize into a newly organized series of Goldman Sachs Trust that has substantially similar investment objectives and principal investment strategies. The board said that the reorganization is in the best interest of the fund's shareholders.

The fund's current investment adviser, Dividend Growth Advisors, LLC, will be the subadviser of the new fund, with Chicago-based Goldman Sachs Asset Management, LP taking on the investment adviser role.

The reorganization, which is expected to be a tax-free event, is subject to shareholder approval, and a meeting anticipated to be held in the first quarter of 2012 will be held for that purpose.

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