At the joint special shareholder meeting on March 23, 2020,
the shareholders of the Income &
Equity, the Balanced, the Large Cap Value, and the Mid Cap Value Funds adopted and
approved the Plan of liquidation and dissolution (the “Plan”). For these four Funds, the schedule for the
liquidating distribution, as described in the Plan, is as follows:
Each Fund will pay a liquidating distribution to the
shareholders of record as of the close of business on March 30, 2020, the
Liquidation Date. The Fund intends to treat
all or a portion of the amounts required to be distributed as a capital gain
distribution as having been paid out as a part of the liquidating distribution.
The Fund will issue a statement reporting the liquidating
distribution and any dividends paid by the Fund for its fiscal year that
qualify to be treated as capital gains dividends, qualified dividend income,
and dividends eligible for the corporate dividends received deduction.
The Small Cap Value
Fund meeting was adjourned to allow for the additional solicitation of
proxies; the Plan has not been voted. The Fund continues to operate as usual as it seeks additional proxy
votes to approve the Plan. The Fund encourages shareholders who have not yet
voted to call 1-800 574-6409 (9:00
A.M. -10:00 P.M. ET) to vote by phone.
Please see the Joint Proxy Statement for more details.
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