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In the rare instance where our
research or security analyst believes that any ISS recommendation would be
to the detriment of our investment clients, we can and will override the ISS
recommendation through a manual vote. The final authorization to override an
ISS recommendation must be approved by an Executive Manager of Denver
Investment Advisors LLC or a member of its Management Committee other than
the analyst. A written record supporting the decision to override the ISS
recommendation will be maintained.
Special considerations are made
for stocks traded on foreign exchanges. Specifically, if voting will block
the liquidity of these stocks, Denver Investment Advisors LLC will not
exercise its voting rights.
For any matters subject to proxy
vote for mutual funds in which Denver Investment Advisors LLC is an
affiliated party, Denver Investment Advisors will vote on behalf of clients
invested in such mutual funds in accordance with ISS, with no exceptions.
Client information is
automatically recorded in "VoteX" for record keeping. For accounts
custodied at financial institutions that are not clients of ISS, physical
proxy cards are received, marked and returned for voting. Those votes are
then manually recorded in the ISS Proxy VoteX system. For client accounts
held in an omnibus registration, ballots that are received will be voted,
but no records for individual accounts held in omnibus registration are
maintained.
Denver Investment
Advisors LLC maintains proxy data showing the voting pattern
on specific issues -- either for an individual meeting or
for all proxies voted within a specified time period, in addition
to proxy voting on individual client accounts.
If you have any specific
questions or concerns that have not been addressed here, please do not
hesitate to contact your portfolio manager. Upon request we have available
ISS Proxy Voting Guidelines Summary documentation from the ISS Proxy Voting
manual.
Adopted: April 2003
Last Amended: February 2005
You can view
RiskMetrics
Group's ISS Governance Services' Concise Domestic Proxy Voting
Guidelines and RiskMetrics
Group's ISS Governance Services' Global Proxy Voting Guidelines
here. ISS' complete Domestic and Global Proxy Voting Guidelines
are included as Exhibit C to the Statement of Additional Information,
which can be obtained free of charge by calling 1-800-392-CORE
(2673) or by visiting www.sec.gov.
To obtain a prospectus,
which contains more complete information regarding potential risks and
applicable fees and expenses, call 1-800-392-CORE (2673).
Please read the prospectus carefully before you invest or send money.
Westcore Funds are
distributed by ALPS Distributors, Inc. |
