http://www.sec.gov/Archives/edgar/data/835663/000119312515101422/d890010d497.htmd890010d497.htm GLENMEDE FUND INC
THE GLENMEDE FUND, INC.
The Philadelphia International Fund
Supplement dated March 23, 2015 to the Philadelphia International Fund Prospectus
and Statement of Additional Information, each dated February 28, 2015
THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION AND SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION.
On March 12, 2015, the Board of Directors of The Glenmede Fund, Inc. (the “Board”) approved a plan of liquidation and termination for the Philadelphia International Fund (the “Fund”). Effective March 24, 2015, the Fund will discontinue accepting orders for the purchase of Fund shares. Any income dividends paid after March 23, 2015 will be paid in cash.
On or about May 15, 2015 (the “Liquidation Date”), the Fund will be liquidated by distributing to investors holding shares of the Fund on the Liquidation Date their pro rata share of the proceeds in cash and all of the outstanding shares of the Fund will be redeemed. Absent other instructions, the cash proceeds will be distributed by mailing a check to each investor of record at such investor’s address of record. The Fund is in the process of liquidating securities and the Fund may invest all or part of the proceeds from the liquidation of portfolio securities in cash equivalent instruments or hold the proceeds in cash. As disclosed in the Prospectuses, the Fund is permitted to depart from its principal investment strategy by taking temporary defensive positions (up to 100% of its assets) in all types of money market and short-term debt securities. During this time, the Fund may not achieve its investment objective.
Until the Liquidation Date, investors may redeem their shares in the manner set forth in the Fund’s current Prospectus. The redemption of your shares will generally be considered a taxable event.
For federal income tax purposes, the tax treatment to investors of the receipt of the liquidating distribution on the Liquidation Date will be the same as would be the tax treatment of a redemption of shares on that date. You may also be subject to state, local or foreign taxes on redemptions or liquidations of Fund shares. The foregoing is only a summary of certain tax considerations under current law, which may change in the future. You should consult your tax adviser for information regarding all tax consequences applicable to your investment in the Fund.
Please retain this Supplement for future reference.
Comments
Regards,
Ted
http://performance.morningstar.com/fund/performance-return.action?t=GTIIX®ion=usa&culture=en-US
With a 3,5, and 10-yr performance landing it in the bottom quartile among funds in its category, and with assets of only 17M after over 10 yrs of operation, yes, JoJo, it was not a going concern and hadn't been for quite some time. If not performance then what led to its final demise? Do you have anything whatsoever that suggests otherwise? Do enlighten.