The Ivy Funds of Boca Raton, Fla., is asking shareholders to merge three of the group's 19 funds to eliminate overlaps in the Ivy Funds' offerings.

Ivy is asking shareholders to approve the merger of the $4.3 million Ivy Pan-Europe Fund into the $204.6 million European Opportunities Fund; the $4.1 million Ivy South America Fund into the $14.7 million Ivy Developing Markets Fund; and the $75.5 million Ivy Growth with Income Fund into the $15.2 million Ivy U.S. Blue Chip Fund.

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