ITEM 77M(I) - MERGERS An Agreement and Plan of Reorganization (Reorganization) between the Banknorth Large Cap Core Fund (Core Fund), and the Banknorth Large Cap Value Fund (Value Fund), portfolios of Banknorth Funds, whereby the Core Fund acquired...Item 77m • October 29th, 2003 • Banknorth Funds
An Agreement and Plan of Reorganization (Reorganization) between the Banknorth Large Cap Core Fund (Core Fund), and the Banknorth Large Cap Value Fund (Value Fund), portfolios of Banknorth Funds, whereby the Core Fund acquired all of the assets of the Value Fund in exchange for Core Fund shares to be distributed pro rata by the Value Fund to its shareholders in complete liquidation and termination of the Value Fund. As a result of the Reorganization, effective March 31, 2003, each shareholder of the Value Fund became the owner of Core Fund shares having a total net asset value equal to the total net asset value of the shareholder's holdings in the Value Fund.
