New York Life Investment Management LLC /
assets used in its investment advisory business relating to Aquila Municipal Trust
New York Life Investment Management LLC to buy Aquila advisory-business assets
What happened
New York Life Investment Management LLC agreed to buy assets used in Aquila Investment Management LLC’s advisory business relating to Aquila Municipal Trust. The filing says the agreement is definitive; terms weren’t disclosed.
The funds are proposed to be reorganized into existing or newly created series of MainStay Funds Trust, subject to shareholder approval and other conditions.
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New York Life Investment Management LLC to buy Aquila advisory-business assets
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