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BRIEF-Hennessy Advisors to acquire the Rainier U.S. Equity Funds
May 11, 2017 / 8:53 PM / 7 months ago

BRIEF-Hennessy Advisors to acquire the Rainier U.S. Equity Funds

May 11 (Reuters) - Hennessy Advisors Inc

* Hennessy Advisors, Inc. to acquire the Rainier U.S. Equity Funds

* Hennessy Advisors - Assets related to rainier mid cap equity fund and rainier small/mid cap equity fund to merge into hennessy cornerstone mid cap 30 fund

* Hennessy Advisors Inc - Assets related to rainier large cap fund will merge into Hennessy Cornerstone large growth fund

* Says shareholders of Rainier U.S. Funds will become shareholders of Hennessy Funds

* Hennessy Advisors Inc - Transaction has been structured with intention that it qualify as a tax-free reorganization

* Hennessy Advisors - Shareholders of Rainier U.S. Funds should not recognize any gain or loss for federal income tax purposes as result of transaction

* Hennessy Advisors Inc - Signed a definitive agreement with Manning & Napier Group, LLC and Rainier Investment Management, Llc Source text for Eikon: Further company coverage:

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