RMR Funds Announce Results of Annual Meeting
May 07 2009 - 8:40AM
Business Wire
RMR Real Estate Fund (NYSE Amex: RMR), RMR Hospitality and Real
Estate Fund (NYSE Amex: RHR), RMR F.I.R.E. Fund (NYSE Amex: RFR),
RMR Preferred Dividend Fund (NYSE Amex: RDR), RMR Asia Pacific Real
Estate Fund (NYSE Amex: RAP), RMR Asia Real Estate Fund (NYSE Amex:
RAF) and RMR Dividend Capture Fund (NYSE Amex: RCR) (hereinafter
RMR, RHR, RFR, RDR, RAP, RAF and RCR are collectively referred to
as the �RMR Funds�) announced the results of their annual meetings
of shareholders held on May 4, 2009 as follows:
Adam D. Portnoy and Jeffrey P. Somers were elected as Class II
trustees of each of the RMR Funds to serve a three year term until
the annual meetings in 2012. The preliminary tabulations of the
percentages of shareholders� votes cast for each of these trustees
are as follows:
� � �
Percentage of Total
Percentage of
Eligible Shares
Votes Cast
Outstanding
Fund
Trustee
For
Cast For(*)
�
�
�
�
� RMR Real Estate Fund Adam D. Portnoy 100% 99% Jeffrey P. Somers
91% 82% � RMR Hospitality and Real Estate Fund Adam D. Portnoy 100%
100% Jeffrey P. Somers 94% 91% � RMR F.I.R.E. Fund Adam D. Portnoy
100% 98% Jeffrey P. Somers 99% 93% � RMR Preferred Dividend Fund
Adam D. Portnoy 100% 98% Jeffrey P. Somers 95% 94% � RMR Asia
Pacific Real Estate Fund Adam D. Portnoy 96% 83% Jeffrey P. Somers
96% 84% � RMR Asia Real Estate Fund Adam D. Portnoy 93% 89% Jeffrey
P. Somers 93% 90% � RMR Dividend Capture Fund Adam D. Portnoy 100%
100% Jeffrey P. Somers 95% 90% �
* Preferred shareholders of RMR,
RHR, RFR, RDR and RCR voting as a separate class were eligible to
vote for Adam D. Portnoy. All preferred and common shareholders of
each Fund voting together were eligible to vote in all other
instances.
�
Proposed Reorganizations.
As previously announced, the Board of Trustees of each of the RMR
Funds has unanimously proposed the reorganization of RMR, RHR, RFR,
RDR and RCR into a newly formed closed end fund, RMR Real Estate
Income Fund, and the reorganization of RAP and RAF into a newly
formed closed end fund, New RMR Asia Pacific Real Estate Fund.
Shareholders eligible to vote on these proposed reorganizations
should have recently received a Joint Proxy Statement/Prospectus
relating to the proposed reorganization of the RMR Fund in which
they are eligible to vote
If you have any questions, including with respect to eligibility
to vote on the proposed reorganizations, or need assistance in
voting shares, please call the Funds� proxy solicitor:
Innisfree M&A
IncorporatedToll free: 1-877-750-9496.
The communication is not intended to, and shall not, constitute
an offer to purchase or sell shares of any of the RMR Funds,
including RMR Real Estate Income Fund and New RMR Asia Pacific Real
Estate Fund, the surviving funds in the reorganizations.
Investors and security holders of the funds are urged to read
the Joint Proxy Statements/Prospectuses and other documents filed
with the U.S. Securities and Exchange Commission (�SEC�) carefully
in their entirety because they contain important information about
the proposed reorganizations. Investors should consider the
investment objectives, risks, charges and expenses of their fund(s)
carefully and consider in their entirety the Joint Proxy
Statements/Prospectuses that contain important information
regarding the investment objectives, risks, charges, expenses and
other important information about RMR Real Estate Income Fund and
New RMR Asia Pacific Real Estate Fund.
Investors may obtain free copies of the Joint Proxy
Statements/Prospectuses and other documents filed with the SEC at
the SEC's web site at www.sec.gov. In addition, free copies of the
Joint Proxy Statements/Prospectuses and other documents filed with
the SEC may also be obtained by directing a request to: RMR
Advisors, Inc., 400 Centre Street, Newton, MA, 02458 or by calling:
(617) 796-8253.
WARNING REGARDING FORWARD LOOKING STATEMENTS
THE FOREGOING PRESS RELEASE INCLUDES FORWARD LOOKING
STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 AND THE FEDERAL SECURITIES LAWS. THESE
FORWARD LOOKING STATEMENTS ARE BASED UPON THE RMR FUNDS� PRESENT
BELIEFS AND EXPECTATIONS, BUT THEY MAY NOT OCCUR. FOR
EXAMPLE:
- THIS PRESS RELEASE REPORTS
THE PRELIMINARY TABULATIONS OF VOTES OF SHAREHOLDERS AND IMPLIES
THAT THE FINAL RESULTS OF THE TABULATIONS OF VOTES MAY BE THE SAME.
IN FACT, THE PRELIMINARY TABULATIONS ARE SUBJECT TO FINAL COUNTINGS
OF VOTES AND VERIFICATIONS THEREOF BY THE APPOINTED INSPECTOR OF
ELECTIONS. THE FINAL VOTES MAY BE DIFFERENT FROM THE RESULTS
IMPLIED BY THE PRELIMINARY TABULATIONS.
- THIS PRESS RELEASE STATES
THAT JOINT PROXY STATEMENTS/ PROSPECTUSES HAVE BEEN FILED WITH THE
SEC AND MAILED TO FUND SHAREHOLDERS WITH RESPECT TO PROPOSED FUND
REORGANIZATIONS. THE IMPLICATION OF THIS STATEMENT IS THAT THESE
FUNDS MAY BE REORGANIZED BY COMBINING TOGETHER. IN FACT, THESE
REORGANIZATIONS MAY NOT OCCUR FOR VARIOUS REASONS INCLUDING: (I)
BECAUSE OF CHANGED CIRCUMSTANCES, THE FUNDS' BOARDS OR CERTAIN OF
THEM MAY DECIDE NOT TO PROCEED WITH THESE REORGANIZATIONS; OR (II)
THE SHAREHOLDERS OF ONE OR MORE OF THESE FUNDS MAY NOT APPROVE
THESE REORGANIZATIONS.
INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON
FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE.
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