AllianceBernstein Income Fund, Inc. Announces Election Of Directors And That A Nonbinding Stockholder Proposal Was Approved By Stockholders
16 Apr, 2015, 02:18 ET
NEW YORK, April 16, 2015 /PRNewswire/ -- AllianceBernstein Income Fund's (NYSE: ACG) (the "Fund") Annual Meeting of Stockholders (the "Meeting") was held on April 16, 2015. At the Meeting, the stockholders of the Fund elected Marshall C. Turner, Jr., Garry L. Moody and Earl D. Weiner to serve as directors of the Fund. Also at the Meeting, Fund stockholders approved a nonbinding stockholder proposal requesting that the Board of Directors of the Fund (the "Board") consider authorizing a self-tender offer for all outstanding common shares of the Fund at or close to net asset value, and, if more than 50% of the Fund's outstanding common shares are tendered, to cancel the tender offer and take the steps necessary to liquidate, merge or convert the Fund to an open-end mutual fund. The Board will consider the results of the vote on the stockholder proposal at a future time.
SOURCE AllianceBernstein Income Fund, Inc.
Share this article