Oppenheimer Multi-state Municipal Trust Inactive
Filed: 19 Jul 01, 12:00am
SCHEDULE 14A
(Rule 14a-101)
Information Required in Proxy Statement
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
(Amendment No. )
Filed by the Registrant /X /
Filed by a Party other than the Registrant / /
Check the appropriate box:
/ / Preliminary Proxy Statement
/ / Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
/ / Definitive Proxy Statement
/ X / Definitive Additional Materials
/ / Soliciting Material Pursuant to Rule 14a-11(c) or 14a-12
OPPENHEIMER MULTI-STATE MUNICIPAL TRUST
(Name of Registrant as Specified in its Charter)
DEBORAH A. SULLIVAN, ESQ.
(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
/ X / No fee required.
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing
fee is calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
/ / Fee paid previously with preliminary materials.
/ / Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
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(4) Date Filed:
July 19, 2001
VIA EDGAR
Securities and Exchange Commission
Mail Stop 0-7, Filer Support
6432 General Green Way
Alexandria, VA 22312
Re: Oppenheimer Multi-State Municipal Trust
Reg. No. 33-30198; File No. 811-5867
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To the Securities and Exchange Commission:
An electronic ("EDGAR") filing with the Commission is hereby made
pursuant to Rule 14a-6(b) under the Securities Exchange Act of 1934, as
amended. This filing contains soliciting definitive additional material
which relates to the meeting of the shareholders of Oppenheimer Florida
Municipal Fund, a series of Oppenheimer Multi-State Municipal Trust, to be
held September 11, 2001.
The proposals to be submitted to shareholders at the meeting are: (a)
election of eleven Trustees, (b) approval of changes to the Fund's
investment objective; industry concentration policy; and non-diversification
policy, (c) approval of changes to the Fund's fundamental investment policy
concerning borrowing, and (d) approval of the Fund's Class B 12b-1
Distribution and Service Plan and Agreement (only Class B shareholders may
vote on this proposal).
Very truly yours,
/s/ Deborah A. Sullivan
Deborah A. Sullivan
Assistant Vice President and
Assistant Counsel
(212) 323-0602
DAS:dr
cc: Gloria LaFond
Digby Clements
Wayne Strauss
INFORMATION ON PROPOSED CHANGES FOR
OPPENHEIMER FLORIDA MUNICIPAL FUND
Name
Address1
Address2
Address3
Address4
Address5
Dear Valued Financial Consultant:
Your clients who own shares in Oppenheimer Florida Municipal Fund are now
receiving a proxy mailing regarding proposed changes to that Fund. We are
writing in an effort to help you better answer any questions they may have
about this mailing.
OppenheimerFunds is seeking to change the investment objective of its
Oppenheimer Florida Municipal Fund. Under the current investment objective,
the Fund seeks as high a level of current interest income exempt from federal
income taxes, for individual investors, as is available from municipal
securities, consistent with preservation of capital. The Fund also seeks to
offer investors the opportunity to own Fund shares exempt from Florida
Personal Property Taxes. Developments in the Florida Personal Property Tax
structure have prompted OppenheimerFunds to offer the Fund's shareholders a
fresh approach to municipal bond fund investing. Under the proposed
investment objective, the Fund would seek high current income exempt from
federal income taxes for individual investors as is available from investing
in a diversified portfolio of high-yield municipal securities. Shareholders
are being asked to vote on the proposed change at the Fund's shareholder
meeting on September 11, 2001.
If the proposed change is approved by shareholders Ronald H. Fielding, CFA,
Senior Vice President of OppenheimerFunds, Inc., would serve as the Fund's
Portfolio Manager and Chief Strategist. Anthony A. Tanner, CFA, would serve
as Assistant Portfolio Manager. Both Mr. Fielding and Mr. Tanner have
extensive experience with high-yield municipal securities,1 and currently
manage three other Oppenheimer municipal bond funds: Rochester Fund
Municipals, Limited Term New York Municipal Fund and Oppenheimer Pennsylvania
Municipal Fund.
Investing in high-yield municipal securities can involve investment
experience and strategies not generally applied by the investing community as
a whole. Some examples are included in the enclosed materials on the Funds
currently managed by Messr's Fielding and Tanner. In particular, the CD-ROM
contains more in-depth information on strategies and approaches developed
over many years of municipal bond investing.
We believe strongly in providing the financial professionals who sell our
Funds with all the information they need to answer their clients' questions.
And we hope that you'll find this information helpful if your clients have
inquiries regarding the proposed changes to the Oppenheimer Florida Municipal
Fund.
If you'd like additional information, we're here to help. Give us a call in
Rochester at 800-955-3863 to learn more about our approach to municipal bond
fund management. Or speak with any of your OppenheimerFunds representatives
(OppenheimerFunds Financial Advisor Representative at 800-255-2750, your
Brokerage Firm Representative at 800-848-3487 or, for Financial Institution
Sales, 800-255-2770).
We look forward to hearing from you!
Very truly yours,
/S/ H.C. Digby Clements
H.C. Digby Clements
Vice President,
Senior Product Manager, Fixed Income Products
OppenheimerFunds, Inc.
1. High-yield securities can carry additional risks, including greater risk
of default.
This material has been prepared by OppenheimerFunds Distributor, Inc. for
broker/dealer information only, has not been filed with NASD Regulation,
Inc., and may not be reproduced, in whole or in part, or shown or quoted to
members of the public or used orally or in written form as sales literature.
Shares of Oppenheimer funds are not deposits or obligations of any bank, are
not insured by the FDIC or any other agency, and involve investment risks,
including possible loss of the principal amount invested.
Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.,
Two World Trade Center, New York, NY 10048-0203.
PTM-1-6-21/01