|
| News |
||||||||
|
Consolidation of CUIT and RCT Trusts Completed CBIS is pleased to announce that the merger of the Catholic United Investment Trust and the Religious Communities Trust is now complete. Effective May 14, the three RCT Funds have been renamed as CUIT Funds, as shown below:
New forms are available with the new Fund names on the CBIS website here, but if you forget and use the RCT name, your transactions will still be processed. In addition, there is no reason to order new checks until you need them, and your current RCT debit card will work as it always has. CBIS participants will see the new names reflected on your May-end statement, to arrive in early June. The consolidated Trust will be governed by a single Board of Trustees, offering our participants a single body representing their interests and ensuring that the legal structures underpinning our Funds are uniform across all Funds. The new structure will also facilitate the introduction of new products that may not have been possible under the old structure and, over time, the new structure should provide additional efficiencies and economies of scale, potentially reducing costs for our participants. CBIS would like to offer our sincere thanks to the men and women who have served as RCT Trustees. Their dedication and counsel will forever be a part of CBIS; we would not be where we are today without their service. Click here for a FAQ regarding the Board consolidation. |
||||||||
|
Copyright ©2012 Christian Brothers Investment Services, Inc., |
