Shareholders to vote now on an important proposal | American Funds

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SEPTEMBER 10, 2018

Shareholder vote on important proposal to elect board members of American Funds

All American Funds and/or American Funds Insurance Series® shareholders were sent proxy statements and ballots to vote on an important proposal for the upcoming American Funds shareholder meetings. This measure is designed primarily to streamline fund administration and to provide the funds with more operational flexibility.

Please alert your clients who are invested in American Funds and/or American Funds Insurance Series that they will receive proxy materials for each account by mail. Encourage them to vote promptly in order to avoid receiving follow-up phone calls and mailings about this important proxy measure.

What is the proposal?
Shareholders are asked to vote on one proposal — the election of board members for each fund in which they invest. The election of the nominated board slates (comprised of both current board members and newly nominated candidates) is intended to give each fund more flexibility and create efficiency, which will help manage the costs of the funds over the long term.
 

How do shareholders vote?
Shareholders received either a complete kit containing the full proxy statement and ballot or a notice outlining the proposal and informing shareholders how to access more detailed proxy and voting material. Shareholders with multiple accounts may receive multiple mailings. In this case, shareholders should vote all ballots they receive.

The board of each fund believes that election of the proposed board member slate is in the best interests of shareholders and recommends that shareholders vote ‘FOR’ each of the nominees.
 

We want to hear from shareholders
Shareholder participation in this proxy vote is key. We recommend that you encourage shareholders to read the materials they received, as they contain important information regarding the proposal.

To cast their vote now, shareholders may go to americanfunds.com/vote or call the telephone number listed on their proxy card(s). Shareholders should be sure to have their proxy materials handy as they will need their control number and security code before voting online. Shareholders can also vote by mailing in their signed, dated and completed ballots. By responding promptly, shareholders will help reduce fund expenses by avoiding the need for follow-up solicitations. If you have questions or would like more information, please contact us.