Columbia Fund Series Trust - Mortgage- and Asset-Backed Portfolio, Special/Extraordinary Shareholders Meeting, Mar 03, 2010, at 13:00 US Eastern Time. Location: One Financial Center, Boston, MA 02111, United States. Agenda: To consider and vote on a proposed Investment Management Services Agreement with RiverSource Investments, LLC; to consider and vote on a proposal authorizing RiverSource to enter into and materially amend sub advisory agreements in the future, with the approval of the Board, but without obtaining additional shareholder approval; and to elect trustees to each Board, each to hold office for an indefinite term.

Pensions & Investments reported, citing unnamed sources that BlackRock, Inc. and Ameriprise Financial, Inc. may buy pieces of Columbia Management Advisors, Inc. The report added that BlackRock may buy Columbia's money market assets, while Ameriprise would take the long-term equity and fixed income business. It noted that a deal could be finalized over the next few days. Pensions & Investments reported that BlackRock, Bank of America Corporation and Ameriprise declined to comment.

Bank of America Corp's (BAC) primary investment management unit is known have received lukewarm response from potential buyers, the Financial Times reported citing people close to the developments. The reports stated that Columbia Management Advisors, Inc. has received lower than expected bids. Columbia Management was put up for sale this year, but Bank of America has not yet finalized a deal for the unit. People close to the situation stated that BAC hopes to get about $3 billion from a sale of Columbia Management; however bids so far are around the $2 billion mark.