FORM N-18F-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
THE ARBITRAGE FUNDS
Exact Name of Registrant
NOTIFICATION OF ELECTION
The undersigned registered open-end investment company hereby notifies
the Securities and Exchange Commission that it elects to commit itself to pay in
cash all redemptions by a shareholder of record as provided by Rule 18f-1 under
the Investment Company Act of 1940. It is understood that this election is
irrevocable while such Rule is in effect unless the Commission by order upon
application permits the withdrawal of this Notification of Election.
SIGNATURE
Pursuant to the requirements of Rule 18f-1 under the Investment Company
Act of 1940, the registrant has caused this notification of election to be duly
executed on its behalf in the city of New York and the state of New York on
the 15th day of February, 2000.
Signature THE ARBITRAGE FUNDS
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(Name of Registrant)
By: /S/ JOHN S. ORRICO
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John S. Orrico
(Name of director, trustee or
officer signing on behalf of
Registrant)
PRESIDENT
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(Title)
Attest: /S/MARK CAMPBELL
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Mark Campbell
ASSISTANT SECRETARY
(Title)
