UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A INFORMATION
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Short Term Income Fund, Inc.
(Name of Registrant as Specified In Its Charter)
---------------------------------------------------------
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SHORT TERM 600 FIFTH AVENUE
INCOME FUND, INC. NEW YORK, N.Y. 10020
(212) 830-5220
================================================================================
October 10, 2000
Dear Shareholder:
We recently sent a proxy statement and ballot to you for a Special Meeting of
Shareholders of Short Term Income Fund, Inc. Our records indicate that your vote
has not been tabulated as of yet. It may be that you did not receive the
materials, therefore, enclosed are duplicate copies of a proxy statement and
ballot. The Special Meeting was scheduled for October 10, 2000, but it has been
adjourned, only on Proposal 3, until December 6, 2000.
What is Proposal 3?
Shareholders are being asked to approve a change in the Fund's investment
restrictions to permit the Money Market Portfolio to purchase certain restricted
securities.
Why is this important to the Fund?
As a result of a current restriction, your portfolio is prohibited from
investing in the most rapidly growing and highest yielding segment of the
short-term market. The Manager of the Fund believes the Money Market Portfolio
will not be able to provide a competitive yield without the ability to buy these
types of securities.
Therefore, the Manager has recommended to the Directors that this investment
restriction be modified to permit the purchase of certain privately placed
short-term restricted securities that are commonly used in the marketplace.
The Directors have determined that the Manager's recommendation is in the best
interest of your portfolio and are recommending that shareholders approve this
proposal.
Note: Although the meeting date on your ballot is October 10th, please
be reminded that the meeting has been adjourned until December 6, 2000.
We urge you to vote immediately. Instructions on how to vote by mail,
telephone or the Internet are on the ballot. Should you have any
questions about the proposal or voting, please call Christine Turner at
1-800-676-6779.
Thank you in advance for your immediate attention.
Sincerely,
SHORT TERM INCOME FUND, INC.
