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The funds that are introducing Y shares include two national products,
“By using the new Y shares, insurance companies, registered investment companies, employee benefit plans and Section 529 plans, among other institutional investors, can now give their customers greater access to tax-free income generated by
As each remaining fund in the
The procedures for buying, selling, exchanging and transferring Y shares differ from those for other share classes of
Individuals interested in learning about the tax-free benefits of municipal bond fund investing should contact their financial advisors for information about
Fixed-income investing entails credit risks and interest rate risks. When interest rates rise, bond prices fall and a fund’s share price can fall. Further, a portion of some funds’ distributions may be taxable and may increase alternative minimum tax (AMT) for investors subject to that tax; distributions from net realized capital gains are taxable as capital gains.
Shares of mutual funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and if available, summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting our website at www.oppenheimerfunds.com, or calling us at 1.800.525.7048. Read prospectuses and if available, summary prospectuses, carefully before investing.