His price provides a floor for other potential buyers and a sense of certainty to shareholders.
The fund industry, meanwhile, has fought calls to provide more information to shareholders.
Read the fund's prospectus to learn what services it provides to shareholders.
"The price we chose was one to provide an attractive return to shareholders."
Companies throughout the mutual fund industry rely on telephone services, including automated systems, to provide a variety of information to shareholders.
Staff will be available throughout the Meeting to provide assistance to shareholders.
Two different proposals were provided to shareholders over a 24 month period.
Based on what was known yesterday, she added, the proposal "doesn't provide enough value to shareholders."
"It is our top priority to return the company to profitability and provide value to shareholders."
The rules also set time limits for the tender offer and provide other protections to shareholders.