Bulldog Investors Announces Results of Special Meeting of Stockholders of Alliance California Municipal Income Fund
SADDLE BROOK, N.J.--(BUSINESS WIRE)--Oct 12, 2018--Bulldog Investors, LLC (“Bulldog”) today announced that at a special meeting of stockholders of Alliance California Municipal Income Fund, Inc. (NYSE:AKP) (the “Fund”) convened on October 11, 2018, a quorum was present and a proposal to enter into new investment advisory agreements with AllianceBernstein L.P. was not approved.
Phillip Goldstein, a principal of Bulldog, commented: “Management has purported to adjourn the meeting ‘to allow additional time for the solicitation of proxies.’ We do not think it is appropriate to spend stockholder money on a futile attempt to change the outcome.”
About Bulldog Investors
Bulldog Investors is an SEC-registered investment adviser that manages the Bulldog Investors group of private funds, Special Opportunities Fund, Inc. (NYSE:SPE), a registered closed-end investment company, and separately managed accounts. Bulldog holds approximately 12.4% of the outstanding common stock of the Fund.
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John Glenn Grau, (203) 972-9300 ext. 110
KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
SOURCE: Bulldog Investors, LLC
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PUB: 10/12/2018 03:10 PM/DISC: 10/12/2018 03:10 PM