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Article: American Century Investments Launches New York Tax-Free Fund.
- Article from:
- Business Wire
- Article date:
- June 30, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KANSAS CITY, Mo. -- In response to growing demand from New York clients and investors, American Century Investments today launched its American Century New York Tax-Free Fund.
New York Tax-Free seeks to maximize total return through high current income that is exempt from New York state and local income taxes. Its managers invest at least 80 percent of the fund's assets in debt securities issued by cities, countries and other municipalities in New York and U.S. territories, such as Puerto Rico, that have interest payments exempt from federal and New York income taxes. It is available in Investor, A and C class shares. It is priced at $10 per share, with a minimum ...
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