Vanguard Shareholders Approve Value Fund Merger and Change to Diversification Status of Five Funds
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VALLEY FORGE, Pa., Jan. 22, 2021 /PRNewswire/ -- Vanguard today announced that based on preliminary voting results at today's shareholder meeting, which was held virtually, Vanguard fund shareholders approved a proposal for a fund merger and a change in diversification status of five funds.
"We are grateful to all of our shareholders who voted on these important proposals," said Tim Buckley, Vanguard Chairman and CEO. "The proxy ties directly to Vanguard's mission of giving every investor the best chance for investment success, and we believe the approval of the changes strengthens our ability to deliver superior investment outcomes by enabling us to manage these funds more efficiently and effectively."