The Hartford Income Shares Fund, Inc. Will Be Reorganized Into Rivus Bond Fund As Of Close Of Business October 22, 2010
October 12 2010 - 3:40PM
Business Wire
At a meeting held on March 17, 2010, the Board of Directors of
The Hartford Income Shares Fund, Inc. approved on behalf of The
Hartford Income Shares Fund, Inc. (HSF) the reorganization of The
Hartford Income Shares Fund, Inc. into the Rivus Bond Fund (BDF),
managed by Cutwater Asset Management Corp. (the “Reorganization”).
Each Fund is a closed-end investment company and is traded on the
New York Stock Exchange under the ticker symbols shown above.
Shareholders of The Hartford Income Shares Fund, Inc. approved
the Reorganization at a Special Meeting of Shareholders held on
October 12, 2010 for that purpose. The Reorganization is expected
to take place as of the close of business on October 22, 2010. As a
result of the Reorganization, each shareholder of The Hartford
Income Shares Fund, Inc. will receive shares of the Rivus Bond Fund
with an aggregate net asset value that is equal to the aggregate
net asset value of the shares of The Hartford Income Shares Fund,
Inc. held by that shareholder as of the close of business on
October 22, 2010.
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act, with
respect to the fund’s future financial or business performance,
strategies or expectations. Forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made, and The Hartford assumes no duty to, and does not undertake
to, update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
past performance is not an indication of future performance.
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