Communications
club_cafe
HelpRegister
Who Is Voting?

Some of your investment clubs own TROW and may have heard about their $194 million "mistake" where they didn't vote against a Dell merger deal as they had advocated.

That left them on the hook with their investors for extra compensation when a challenge to the Dell buyout price was just settled in favor of those who voted against it.

When you see the $.46 charge against earnings for their second quarter you'll know why.

This is an interesting article about how the proxy voting system works for mutual funds and their holdings and why the "mistake" happened.

Here's why T.Rowe Price Paid Clients $194 Million

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe