Upcoming proxy vote
for American Funds shareholders
Dear Financial
Adviser:
In
late August, American Funds shareholders will begin receiving proxy materials
asking them to vote on measures designed to reduce expenses and increase
investment flexibility. If approved, the proposals will give fund managers the
tools necessary to make the funds more efficient and better able to meet the
challenges of a rapidly changing investment environment.
Some of the eight
proposals will affect all of the American Funds, and some apply only to certain
funds. The proposals fall into categories that include:
·
fund
business, such as electing members to the funds’
boards
·
agreements
between the funds and Capital Research and Management Company,SM
the investment adviser to the funds
·
definition of
the funds’ investment policies
American Funds
Insurance Series®
has scheduled a similar proxy vote.
Detailed
information about the individual proposals will be available on americanfunds.com in late
August.
Please alert your
clients who are invested in the American Funds that they will receive proxy
materials by mail. Encourage them to vote promptly in order to avoid receiving
follow-up phone calls and mailings about these important proxy measures. If you
have questions, call us at 800/421-9900, ext. 4. More
information will be available on americanfunds.com/adviser in
coming weeks.
Thank you for your
continued support of American Funds.
Cordially,
/s/ Kevin G.
Clifford
Kevin G.
Clifford
President
Shareholders
of each fund are encouraged to read the joint proxy statement when it becomes
available as it contains important information regarding the proposed
transactions. Shareholders may obtain the joint proxy statement, and other
relevant documents, for free on the SEC’s website at sec.gov. You may also
request a complimentary copy of the joint proxy statement by calling American
Funds Service Company at 800/421-0180 or writing to the secretary of the
applicable fund at 333 South Hope Street, Los Angeles,
California90071.
For financial
professionals only. Not for use with the
public.