SunAmerica to merge four Focused funds into two Focused Alpha funds

By Toni Weeks

San Diego, March 7 - The board of directors of SunAmerica Series, Inc. said in a 497 filing with the Securities and Exchange Commission that it plans to reorganize four of its funds, subject to shareholder approval.

Three of the funds, the Focused Growth Portfolio, the Focused Technology Portfolio and the Focused StarAlpha Portfolio, will be reorganized into the SunAmerica Focused Alpha Growth Fund.

The remaining fund, the Focused Growth and Income Portfolio, will be reorganized into the SunAmerica Focused Alpha Large-Cap Fund. Class I shares of the Focused Growth and Income Portfolio will not participate in the reorganization, as these shares are scheduled to be liquidated on April 20, as previously reported.

If the reorganizations are approved, the shareholders of the four reorganizing funds will acquire portfolio shares of the new shares in the same share classes and equal to the total value of their existing shares.

Shareholders will vote on the proposal at a meeting on June 13.

The funds' adviser is Jersey City, N.J.-based SunAmerica Asset Management Corp.

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