Virtus is seeking to merge two tax-exempt funds, MutualFundWire reports. The Hartford-based mutual fund firm intends to unite the $79.3 million Virtus Intermediate Tax-Exempt Bond Fund with the $137.9 million Virtus Tax-Exempt Bond Fund. The Virtus-funded alignment will lead to cost reductions for shareholders of the Intermediate Tax-Exempt Bond. Michael Janik and George Selby are portfolio managers of the two funds.

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