Bulldog Investors, LLC (Bulldog) today announced that at a special meeting of stockholders of Alliance California Municipal Income Fund, Inc. (NYSE:AKP) (the Fund) convened on October 11, 2018, a quorum was present and a proposal to enter into new investment advisory agreements with AllianceBernstein L.P. was not approved.
Phillip Goldstein, a principal of Bulldog, commented: Management has purported to adjourn the meeting ˜to allow additional time for the solicitation of proxies. We do not think it is appropriate to spend stockholder money on a futile attempt to change the outcome.
About Bulldog Investors
Bulldog Investors is an SEC-registered investment adviser that manages the Bulldog Investors group of private funds, Special Opportunities Fund, Inc. (NYSE:SPE), a registered closed-end investment company, and separately managed accounts. Bulldog holds approximately 12.4% of the outstanding common stock of the Fund.
John Glenn Grau, (203) 972-9300 ext. 110