Alliance Global Environment Fund, Nearing Approval for Open-Ending, Extends Period For Shareholder Action.NEW YORK--(BUSINESS WIRE)--July 17, 1997--Alliance Global Environment Fund, Inc. (NYSE NYSE See: New York Stock Exchange :AGEF) (the "Fund") announced today that thus far proxies representing more than 65% of the Fund's outstanding shares have been tendered in favor of converting the Fund to an open-end investment company open-end investment company: see mutual fund. . Approval of the conversion requires 75% of the Fund's outstanding shares. To allow additional time for solicitation of proxies, today's Annual Meeting of Shareholders of the Fund was adjourned until August 28, 1997. Before the Meeting was adjourned, Directors were elected and the selection of independent auditors Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. was ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. . In announcing the adjournment A putting off or postponing of proceedings; an ending or dismissal of further business by a court, legislature, or public official—either temporarily or permanently. , John D. Carifa, Chairman of the Fund and President of Alliance Capital Management L.P., the Fund's investment manager, stated, "We are very pleased with our progress toward the 75% required vote. Over 97% of the proxies received have voted in favor of open- ending. We will continue our strenuous efforts to secure the remaining proxies needed for shareholder approval." CONTACT: Shareholder Contact, 1-800-221-5677 Duff Ferguson, 212/969-1316 (Media) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion