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Turner Investments to merge with Veracen affiliate

Turner InvestmentsL.P. has agreed to merge with Turner Investment Holdings LP, an affiliateof Veracen LP.

Turner Investments is the investment adviser to the Turner Funds,a group of mutual funds. A new advisory agreement between Turner Investments andthe Turner Funds was approved and remains subject to shareholder approval.

The Turner Funds'board of trustees also nominated a new slate of trustees for election by its shareholders,according to a July 6 press release.

The merger is expected to be completed by the end of July, PeterHill, a spokesman for Turner Investments, said in a July 7 email.

Following the merger's closing, Turner Investments will continue to manage the TurnerFunds under an interim advisory agreement until the receipt of shareholder approvalof the new advisory agreement.