AST Leads Successful Proxy Campaign for Invesco’s Acquisition of OppenheimerFunds

AST Leads Successful Proxy Campaign for Invesco’s Acquisition of OppenheimerFunds

New York, NY – July 8, 2019 – AST Fund Solutions LLC (“AST”) is pleased to announce that it executed a successful proxy campaign that resulted in 103 separate fund shareholder approvals for the reorganization of the OppenheimerFunds into the Invesco Funds. The funds were reorganized as part of the successful completion of Invesco's acquisition of OppenheimerFunds, which was announced on May 24, 2019.

AST has a longstanding relationship with both OppenheimerFunds and Invesco, and worked quickly and efficiently with all parties involved to ensure that votes were solicited and tabulated within a tight timeframe.

“We are proud to have played an integral role in helping OppenheimerFunds and Invesco achieve such a positive result. This campaign is a stellar example of the proxy expertise we offer, from an advisory, planning and execution standpoint,” said Paul Torre, President, Governance, Proxy & Ownership Services at AST. “This was one of AST’s most successful campaigns. Despite the challenges inherent in a project of this scale and with such a short solicitation timeframe, we worked smoothly and efficiently.”

AST is the premier provider of proxy solicitation and shareholder communication services for the mutual fund industry in North America. Through its deep expertise and leading technology, AST is able to dramatically reduce the total cost of proxy solicitation campaigns and regulatory mailings for its clients. AST utilizes proprietary analytics examining the proxy voting and solicitation response behavior of fund investors, which includes insights gained from experience conducting solicitation campaigns involving thousands of funds and millions of shareholders. AST offers a suite of services including:

  • End-to-end mutual fund proxy management
  • Proxy mail, tabulation and solicitation
  • Strategic advisory services for closed-end funds
  • High-efficiency proxy solicitation solutions
  • Regulatory mailing services
  • Closed-end fund transfer agent solutions

About AST

AST was originally founded as a transfer agent over 45 years ago. Through organic growth and strategic acquisitions, AST has pioneered a new model of integrated ownership data management, advisory services and financial technology in the industry. AST affiliates include AST Trust Company (Canada), D.F. King & Co, Inc. and Donlin, Recano & Company, Inc.

Today, AST offers a full scope of ownership services that include registry services, corporate proxy solicitation and advisory solutions, employee plan services, information agent, mutual fund proxy solicitation, shareholder identification and asset recovery offerings. For more information, please visit www.astfinancial.com.

Contacts:

Sara Walsh
>AST
212-493-6945 swalsh@astfinancial.com

Christina Kim
Intermarket Communications
212-754-5437
ckim@intermarket.com