P.R. Herzig & Co. typically does NOT control proxy voting rights of
its clients. The firm will vote its proxies on
proprietary accounts as follows:
- For routine items (ratification of auditors,
uncontested director or trustee nominations, changes
in company name, procedural matters related to annual
meetings, etc.) the firm generally will vote the
proxies in accordance with management recommendation.
- For non-routine items, the firm will vote the
proxies in a way that can be reasonably expected to
maximize shareholder value.
Arthur Pesner, Compliance Officer, is responsible for
ensuring proxies are voted on-line or by mail in a
timely fashion.
To meet our fiduciary duty, we ensure through our
clearing firm that
corporate information and proxy forms are distributed in
a timely fashion to clients, unless the client
specifically requests not to receive corporate
communications. We will also, if asked, advise clients
on how to vote their proxies in a manner beneficial to
the clients.
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