Oct. 21, 2002 — Redemption charges will be added to four Provident Investment Counsel mutual funds next month in an effort to discourage investors from rapidly buying and selling shares.
The 1% fees will be added to Provident Invmnt Counsel Balanced Fund/A (PIPBX), Provident Invmnt Counsel Twenty Fund/I (PICTX), and class A and I shares of the Small Company Growth Fund and the Growth Fund, starting Nov. 2.