This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RMR Funds Announce Date For 2011 Annual Meetings At Which The Previously Announced Merger Will Be Considered And The Record Date For This Meeting

RMR Asia Pacific Real Estate Fund (NYSE Amex: RAP) and RMR Real Estate Income Fund (NYSE Amex: RIF) today announced that the 2011 joint annual meeting of shareholders of RAP and RIF will be held at the offices of the RMR Funds, Two Newton Place, 255 Washington Street, Suite 100, Newton, Massachusetts at 9:30 a.m. (eastern standard time) on Tuesday, December 13, 2011. The record date for determining shareholders entitled to vote at this meeting has been set as the close of business on Monday, October 24, 2011.

On June 1, 2011 and August 1, 2011, the RMR Funds previously announced that they were pursuing a merger which would result in a combination of RAP and RIF into one fund which would pursue the investment objectives of RIF and that they had filed preliminary documentation with the Securities and Exchange Commission, or the SEC, necessary to solicit shareholder approvals for that combination. At the time of the June announcement, the RMR Funds set a record date of June 13, 2011, and a target meeting date to consider the merger proposals of September 20, 2011. Because of unanticipated delays in the preparation of the proxy materials for consideration of the merger proposals, the June 13 record date and the September 20 meeting have been cancelled. Instead, matters related to the merger of RAP and RIF will be considered as part of the Funds’ joint annual meeting on December 13, 2011.

At the annual meeting, RAP and RIF shareholders will be asked to elect a Class I Trustee of each Fund. In connection with the proposed merger of RIF with and into RAP, RAP shareholders will also be asked to consider the issuance of additional common shares of RAP, proposed revisions to the fundamental investment objectives and restrictions of RAP, and a new investment advisory contract between RAP and RMR Advisors, Inc. If the merger is completed, RAP and RIF will become a single closed end fund (the “Reorganized Fund”) and the Reorganized Fund will operate in the same manner that RIF is currently operated. If RAP shareholders approve their merger related proposals, RAP will make a self tender offer for up to 20% of its outstanding common shares prior to the closing of the merger. The tender offer price will be RAP’s net asset value, or NAV, per common share at the time the purchase is completed.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs