- Proposal 2-A: The Fund is now required, under normal market conditions, to invest at least 25% of its total assets in the financials sector, which for this purpose is comprised of the bank, thrifts & mortgage finance, diversified financial services, finance, consumer finance, capital markets, asset management & custody, investment banking & brokerage, insurance, insurance brokers and real estate investment trust (REIT) industries. From time to time, a Fund may have 25% or more of its total assets invested in any one of these industries.
- Proposal 2-B: The Fund eliminated its requirement that the Fund concentrate its investments in the utilities industry. As a result, under normal market conditions, the Fund may no longer invest more than 25% of its total assets in the utilities industry.
FFC And FLC Announce Results Of Annual Meeting
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