ISS and Glass Lewis are the two leading independent international corporate governance analysis and proxy voting firms. ISS and Glass Lewis recommendations are intended to assist shareholders in making proxy voting decisions.
In its report, ISS identified certain expected benefits of the transaction with Timbercreek, consisting of Timbercreek's experienced team and the fact that Timbercreek is active in closed-end funds and benefits from a wide network. Glass Lewis' report stated that it believes the Funds will benefit from the services and duties of the proposed administrator and manager.
TDSCI has also recommended that shareholders vote FOR the proposed change in manager of the Funds. Shareholders are encouraged to vote in sufficient time for their vote to be received before the meeting. The deadline for submission of proxies has been extended from
TDSCI would like to remind shareholders that each and every vote is important. If you require assistance in voting, please contact TDSCI's proxy solicitation agent,
The management information circular provided to shareholders of the Funds in connection with the meeting, along with form of proxy, are available under each Fund's profile on SEDAR at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT: TDSCI Investor Relations (416) 982-2680 Source: Big 8 Split Inc.