JUNE 15, 2016
The Tax-Exempt Fund of Maryland® (TEFMD) and The Tax-Exempt Fund of Virginia® (TEFVA) will be merging with The Tax-Exempt Bond Fund of America® (TEBF) as of June 17.
TEFMD and TEFVA shareholders received proxy solicitation materials in late April, and have each voted in favor of the merger of their respective fund. No new purchases of shares of either TEFMD or TEFVA will be accepted as of June 13.
Introduced into the American Funds family in 1979, TEBF seeks to provide investors a high level of current income exempt from federal income tax, consistent with the preservation of capital.
TEBF offers several benefits and potential benefits to investors:
For more information about the funds’ results, please visit this page.
If you have any specific questions about the tax implications of the mergers, please consult a tax advisor.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.