About Us: Newsroom
Shareholder Vote Called
The Board of Directors of Principal Funds, Inc. has called a special meeting of shareholders for April 4, 2012. A proxy statement was sent asking shareholders to approve the following proposals:
- The election of 14 Directors as members of the Board of Directors.
- Amended and Restated Articles of Incorporation.
- Amended fundamental investment restrictions relating to: senior securities, commodities, real estate, borrowing, making loans, diversification, concentration, and underwriting securities.
- The elimination of fundamental investment restrictions relating to the short sales of securities.
Those proposals affecting certain Funds are:
- Reclassification of the Principal Global Real Estate Securities Fund as a "non-diversified" fund.
- A Sub-Advisory Agreement with Principal Global Investors as sub-advisor to the Principal High Yield Fund.
The proposal regarding the Principal High Yield Fund will allow the current portfolio managers to perform their services on behalf of Principal Global Investors rather than Edge Asset Management. Essentially, this is an internal re-assignment of the personnel of affiliated sub-advisors. There will not be substantive change in either the nature or quality of their services or in the management fees the Fund pays for services.
Shareholders may vote by mail, phone, or online. Instructions are located on the proxy ballot, where they will also find their control number. Shareholders may receive calls soliciting their vote if they have not exercised their proxy as the deadline approaches.
You can view the proxy statement in full.
Investors should carefully consider a fund’s investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing.
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To obtain a prospectus, download online or call Customer Service at 1.800.222.5852
While this communication may be used to promote or market a transaction or an idea that is discussed in the publication, it is intended to provide general information about the subject matter covered and is provided with the understanding that The Principal® is not rendering legal, accounting, or tax advice. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements. For more information about our funds, including their full names, please see the Principal Funds, Inc. prospectus or call Customer Service at 1.800.222.5852.
A mutual fund's share price and investment return will vary with market conditions, and the principal value of an investment when you sell your shares may be more or less than the original cost.
This Web site was created and is maintained by Principal Funds Distributor, Inc. exclusively, and not by the Directors of the funds.
Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc., member of the Principal Financial Group®. Principal Funds Distributor, Principal Shareholder Services, Principal Management Corporation and its affiliates, and Principal Funds, Inc. are collectively referred to as Principal Funds.
Not FDIC or NCUA/NCUSIF insured - May lose value - No bank guarantee - Not a deposit - Not insured by any federal government agency
