MERGER OF SM&R GROWTH FUND, INC. An agreement and plan of conversion and termination was made between SM&R Growth Fund, Inc. and SM&R Investments, Inc., on behalf of its SM&R Growth Fund series (the "clone fund"). The SM&R Growth Fund, Inc. changed...Merger Agreement • April 27th, 2001 • Sm&r Investments Inc
This new series of SM&R Investments, Inc. will have investment objectives and principal investment strategies materially the same as the SM&R Growth Fund, Inc., as well as the same investment adviser. The "clone fund" purchased all of the assets of the SM&R Growth Fund, Inc. by delivering shares of the SM&R Growth Fund, Inc. to the "clone fund". On January 1, 2001, the shareholders received the same number of shares of the "clone fund" of the SM&R Investments, Inc. of the same class and at the same net asset value as they owned in the SM&R Growth Fund, Inc. as of December 31, 2000.
