Attached files
file | filename |
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8-K - FORM 8-K - RiverSource LaSalle International Real Estate Fund, Inc. | c63063e8vk.htm |
Exhibit 99.1
Media contact:
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Charles Keller 612-678-7786 charles.r.keller@ampf.com |
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Stockholder contact:
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Gary Terpening 212-850-1533 gary.a.terpening@ampf.com |
STOCKHOLDERS OF RIVERSOURCE LASALLE INTERNATIONAL REAL ESTATE FUND
APPROVE MERGER OF FUND WITH OPEN-END FUND AT SPECIAL MEETING;
FUND WILL NOT HOLD ANNUAL MEETING OF STOCKHOLDERS IN APRIL
APPROVE MERGER OF FUND WITH OPEN-END FUND AT SPECIAL MEETING;
FUND WILL NOT HOLD ANNUAL MEETING OF STOCKHOLDERS IN APRIL
BOSTON, MA, February 15, 2011 Today, stockholders of RiverSource LaSalle
International Real Estate Fund, Inc. (the LaSalle Closed-End Fund) (NYSE: SLS) at a
Special Meeting of Stockholders (the Special Meeting) approved a proposal that the LaSalle
Closed-End be acquired by Columbia Real Estate Equity Fund (the Open-End Fund), an open-end fund
which is a series of Columbia Funds Series Trust I (the Acquisition).
Each of the LaSalle Closed-End Fund and the Open-End Fund are managed by Columbia Management
Investment Advisers, LLC. As consideration for their shares, holders of the LaSalle Closed-End
Funds common stock will receive Class Z shares of the Open-End Fund with a value equal to the net
asset value of their shares of the LaSalle Closed-End Fund common stock on the closing date of the
Acquisition, which is anticipated to occur on or about April 8, 2011. Redemptions and exchanges of
shares of the Open-End Fund issued pursuant to the Acquisition would be subject to a redemption fee
of 2% for a period of one year following the closing date of the Acquisition.
As a result of stockholders approval of the Acquisition at the Special Meeting, the LaSalle
Closed-End Fund will not hold its 3rd Annual Meeting of Stockholders, which was
scheduled to be held in Minneapolis, MN on April 14, 2011.
Columbia Management Investment Advisers, LLC is a wholly owned subsidiary of Ameriprise Financial,
Inc. Columbia Management Investment Distributors, Inc. is the principal underwriter of the
Columbia, Wanger, Columbia Acorn, RiverSource, Seligman and Threadneedle funds.
You should consider the investment objectives, risks, charges, and expenses of the Funds
carefully before investing. You can obtain the LaSalle Closed-End Funds most recent periodic
reports and other regulatory filings by contacting your financial advisor or American Stock
Transfer & Trust Company LLC at 800 937-5449. You can obtain the Open-End Funds current
prospectus, most recent periodic reports and other regulatory filings by contacting your financial
advisor or Columbia Management Investment Services Corp. at 800 345-6611. The prospectus, reports
and other filings can also be found on the Securities and Exchange Commissions EDGAR database. You
should read the prospectus, reports and other filings carefully before investing.
There is no guarantee that a funds investment goals/objectives will be met or that
distributions will be made, and you could lose money.
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE |
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NOT A DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY |