Bulldog Investors Announces Results of Special Meeting of Stockholders of Alliance California Municipal Income Fund
ALLIANCE CA MUNI INCOME C (AKP)
US:NYSE Investor Relations:
alliancebernstein.com/abcom/product_center/3_vehicle/mf/closedend/alliance_california_muni_income.htm?shareclass=
Company Research
Source: Business Wire
SADDLE BROOK, N.J.--(BUSINESS WIRE)-- Bulldog Investors, LLC (“Bulldog”) today announced that the special meeting of stockholders of Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the “Fund”) which was initially convened on October 11, 2018 and adjourned until November 14, 2018, was further adjourned over Bulldog’s objection until December 11, 2018. On each of the previous occasions, a quorum was present and the proposal to enter into a new investment advisory agreement with AllianceBernstein L.P. was not approved. Phillip Goldstein, a managing member of Bulldog, commented: “Unfortunately, management seems not to understand that it has a fiduciary duty to abide by the outcome of a stockholder vote even if it does not like it.” About Bulldog Investors Bulldog Investors is an SEC-registered investment adviser that manages the Bulldog Investors group of private funds, Spec
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