2000 Ruling 2000-0022983 - Mutual Fund Trust- Redesignation Feature -- summary under Disposition

"The proposals include amendments to a declaration of trust and the execution of an instrument pursuant to the declaration of trust which will permit the mutual fund trusts to rename their existing units; create two new classes of units; and add a redesignation feature to each class of units which, in certain circumstances, will allow these units to be redesignated as another class of units of the same fund." Rulings that these actions will not result in a resettlement of the funds, or a disposition of the trust funds or of outstanding units, and that s. 104(7.1) will not apply.