RMR Funds Announce Record Date of Joint Special Meetings of Shareholders
March 20 2009 - 3:05PM
Business Wire
Today, RMR Funds announced that Joint Special Meetings of
Shareholders (the �Meetings�) to seek approval of the
reorganization of each of its seven closed end funds will be held
on Thursday, June 4, 2009. The record date for determination of
shareholders entitled to vote at the Meetings has been set at the
close of business on Tuesday, March 31, 2009.
As previously announced, the RMR Funds filed a preliminary Joint
Proxy and Registration Statement/Prospectus with the U.S.
Securities and Exchange Commission (SEC) with respect to the
proposed reorganization of each of RMR Real Estate Fund (NYSE Amex:
RMR), RMR Hospitality and Real Estate Fund (NYSE Amex: RHR), RMR
F.I.R.E. Fund (NYSE Amex: RFR), RMR Preferred Dividend Fund (NYSE
Amex: RDR) and RMR Dividend Capture Fund (NYSE Amex: RCR) into a
newly formed closed end fund, RMR Real Estate Income Fund (�New
RMR�), and filed a separate preliminary Joint Proxy and
Registration Statement/Prospectus with respect to the proposed
reorganization of each of RMR Asia Pacific Real Estate Fund (NYSE
Amex: RAP) and RMR Asia Real Estate Fund (NYSE Amex: RAF) into a
newly formed closed end fund, New RMR Asia Pacific Real Estate Fund
(�New RAP�). The funds currently expect to file amended Joint Proxy
and Registration Statements/Prospectuses with the SEC in the coming
weeks for the primary purpose of updating certain financial
information contained in those documents, and expect to mail
definitive Joint Proxy Statements/Prospectuses to fund shareholders
to solicit shareholder approval in April 2009.
Subject to the requisite shareholder approval and the
satisfaction of other conditions set forth in each Agreement and
Plan of Reorganization, the reorganizations of each of RMR, RHR,
RFR, RDR and RCR with New RMR, and the reorganizations of each of
RAP and RAF with New RAP, are anticipated to be consummated as soon
as practicable following the Meetings.
This press release is not intended to, and shall not, constitute
an offer to purchase or sell shares of any of the affected funds,
including New RMR and New RAP; nor is this press release intended
to solicit a proxy from any shareholder of any of the affected
funds. The solicitation of the purchase or sale of securities or of
proxies to effect each fund reorganization may only be made by a
final, effective Registration Statement, which includes a
definitive Joint Proxy Statement/Prospectus, after the Registration
Statement is declared effective by the SEC.
Additional Information About
the Proposed Fund Reorganizations and Where to Find
It:
This press release references an amended Registration Statement,
which includes an amended Joint Proxy Statement/Prospectus, to be
filed by New RMR, RMR, RHR, RFR, RDR and RCR, and a separate
amended Registration Statement, which includes an amended Joint
Proxy Statement/Prospectus, to be filed by New RAP, RAP and RAF.
Neither of these documents has yet been filed with the SEC. After
these documents are filed with the SEC, they may be amended or
withdrawn and they will not be distributed to shareholders of the
affected funds unless and until they are declared effective by the
SEC.
The funds and their respective trustees, officers and employees,
and the funds� investment advisor, RMR Advisors, Inc. (�Advisor�),
and its shareholders, officers and employees and other persons may
be deemed to be participants in the solicitation of proxies with
respect to these proposed reorganizations. Investors and
shareholders may obtain more detailed information regarding the
direct and indirect interests of the funds� respective trustees,
officers and employees, and the Advisor�s shareholders, officers
and employees and other persons by reading the preliminary and
definitive Joint Proxy Statement/Prospectuses regarding the
proposed reorganizations, filed with the SEC, when they become
available.
The Registration Statements of New RMR and New RAP have not yet
become effective, and the information contained therein, including
information in the preliminary Joint Proxy Statement/Prospectuses,
is not complete and is subject to change. INVESTORS AND SECURITY
HOLDERS OF THE FUNDS ARE URGED TO READ THE JOINT PROXY
STATEMENT/PROSPECTUSES AND OTHER DOCUMENTS FILED WITH THE SEC
CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED FUND
REORGANIZATIONS. INVESTORS SHOULD CONSIDER THE INVESTMENT
OBJECTIVES, RISKS AND CHARGES AND EXPENSES OF THE FUNDS CAREFULLY.
THE JOINT PROXY STATEMENT/PROSPECTUSES WILL CONTAIN THE INVESTMENT
OBJECTIVES, RISKS AND CHARGES AND EXPENSES AND OTHER IMPORTANT
INFORMATION ABOUT THE FUNDS. New RMR and New RAP may not sell
securities until their respective Registration Statements filed
with the SEC are effective. Neither Joint Proxy
Statement/Prospectus is an offer to sell securities, nor is it
soliciting an offer to buy securities, in any state where such
offer or sale is not permitted.
Investors may obtain free copies of each Registration Statement
and Joint Proxy Statement/Prospectus and other documents (when they
become available) filed with the SEC at the SEC�s web site at
www.sec.gov. In addition, free copies of each Joint Proxy
Statement/Prospectus and other documents filed with the SEC may
also be obtained after each Registration Statement becomes
effective by directing a request to: RMR Advisors, Inc., 400 Centre
Street, Newton, MA, 02458 or by calling: (617) 796-8253.
WARNINGS REGARDING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS
ARE BASED UPON THE PRESENT BELIEFS AND EXPECTATIONS OF THE FUNDS
IDENTIFIED IN THIS PRESS RELEASE. HOWEVER, THESE FORWARD LOOKING
STATEMENTS AND THEIR IMPLICATIONS ARE NOT GUARANTEED TO OCCUR AND
THEY MAY NOT OCCUR FOR VARIOUS REASONS, SOME OF WHICH ARE BEYOND
THE CONTROL OF THE AFFECTED FUNDS. FOR EXAMPLE: THIS PRESS RELEASE
STATES THAT PRELIMINARY JOINT PROXY AND REGISTRATION
STATEMENTS/PROSPECTUSES HAVE BEEN FILED WITH THE SEC WITH RESPECT
TO PROPOSED FUND REORGANIZATIONS. THE IMPLICATION OF THIS STATEMENT
IS THAT THESE FUNDS MAY BE REORGANIZED BY COMBINING TOGETHER. IN
FACT, THESE REORGANIZATIONS MAY NOT OCCUR FOR VARIOUS REASONS
INCLUDING: (I) BECAUSE OF CHANGED CIRCUMSTANCES, THESE BOARDS OR
CERTAIN OF THEM MAY DECIDE NOT TO PROCEED WITH THESE
REORGANIZATIONS; OR (II) THE SHAREHOLDERS OF ONE OR MORE OF THESE
FUNDS MAY NOT APPROVE THESE REORGANIZATIONS.
FOR THESE AND OTHER REASONS INVESTORS SHOULD NOT PLACE UNDUE
RELIANCE UPON FORWARD LOOKING STATEMENTS.
Rmr Asia Real Estate Fd (AMEX:RAF)
Historical Stock Chart
From Aug 2024 to Sep 2024
Rmr Asia Real Estate Fd (AMEX:RAF)
Historical Stock Chart
From Sep 2023 to Sep 2024