CitiGroup Mutual Fund Class B and C Shares

Excluded Purchases

 

The following purchases will be excluded:

  • Purchases of Class B or Class C shares for which customers have previously settled and signed releases of claims against Citigroup Global Markets (Citigroup);

  • Purchases of Class B or Class C shares which were later cancelled at no cost to the customer;

  • Purchases of Class B shares, which, when aggregated with other Class B share purchases by the same household in the same fund family, total less than $100,000, and for which the customer would have been charged a Class A share initial sales charge exceeding 4.00 percent;

  • Purchases of Class B shares, which, when aggregated with other Class B share purchases by the same household in the same fund family, total less than $100,000, and where the customer (1) entered into a systematic withdrawal plan at the time of the Class B share purchase, and immediately began receiving systematic withdrawals from the Class B share purchase without incurring CDSCs, or (2) chose not to reinvest all capital gains and dividends from the Class B share purchase; 

  • Purchases of Class B shares, which, assuming a 5 percent annual rate of return and considering all expenses, are projected to have a higher redemption value, determined as of the end of each year following the purchase date, in comparison to Class A shares in any two years during the period beginning with the effective date of the AWC and ending on the date the Class B shares are scheduled to automatically convert to Class A shares under the terms of the fund prospectuses in effect at the time of the purchase;

  • Purchases of Class B shares, which, assuming a 5 percent annual rate of return and considering all expenses, are projected, as of the date on which the Class B shares are scheduled to automatically convert to Class A shares, to have a value within $100.00 of the projected value of Class A shares had the customers purchased Class A shares instead of Class B shares;

  • Purchases of Class B shares which would not be eligible for a breakpoint at $100,000 or more in the mutual funds listed in "Schedule A" of the Letter of Acceptance, Waiver and Consent; and 

  • Purchases of Class B shares which would not be eligible for a breakpoint at $250,000 or more in the mutual funds listed in "Schedule B" of the Letter of Acceptance, Waiver and Consent.
Last Updated: 3/23/2005