Clemente Global Growth Fund Adds Advance Notice Provision to Its By-Laws.NEW YORK--(BUSINESS WIRE)--May 1, 1998--Clemente Global Growth Fund Inc., a New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. listed closed-end investment company closed-end investment company: see mutual fund. (NYSE NYSE See: New York Stock Exchange :CLM CLM - Career Limiting Move ), today announced the adoption, effective immediately, of an advance notice provision in its By-Laws. The advance notice provision requires that any shareholder proposals intended to be presented at any Fund shareholder meeting, including director nominations, must be provided to the Fund at least 60 days prior to the meeting. The shareholder's notice must set forth various items, including a brief description of the business to be brought before the meeting, information concerning the shareholder, including any "material interest" between such shareholder and any other person in connection with the proposal, a representation that such shareholder intends to appear in person or by proxy to bring such business before the meeting and certain other information. Clemente Global Growth Fund, Inc. seeks long-term capital appreciation through investment in equity securities of issuers located throughout the world. CONTACT: Clemente Cappital, Inc., New York Cheryl Calderon, 212/765-0700 or W.T. Blase bla·sé adj. 1. Uninterested because of frequent exposure or indulgence. 2. Unconcerned; nonchalant: had a blasé attitude about housecleaning. 3. Very sophisticated. & Assoc., New York William Blase, 212/221-1079 |
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