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Stock impact report

Bulldog Investors Announces Results of Special Meeting of Stockholders of Alliance California Municipal Income Fund

ALLIANCE CA MUNI INCOME C (AKP) 
Company Research Source: Business Wire
SADDLE BROOK, N.J.--(BUSINESS WIRE)-- 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. Bul Show less Read more
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