VAN KAMPEN CONVERTIBLE SECURITIES FUND INC PREC14A
Filing Date: 5/2/00
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TYPE: PREC14A
SEQUENCE: 1
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
SECURITIES EXCHANGE ACT OF 1934
Filed by Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[X] Preliminary Proxy Statement [ ] Confidential, For Use of the
Commission Only (as
permitted
by Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Sec. 240.14a-11(c) or Sec. 240.14a-12
VAN KAMPEN CONVERTIBLE SECURITIES FUND, INC.
- ------------------------------------------------------------------------
(Name of Registrant as Specified in its Charter)
Ralph W. Bradshaw
- ------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if Other Than the
Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4)
and 0-11.
(1) Title of each class of securities to which transaction
applies: _____________________________________________
(2) Aggregate number of securities to which transaction
applies: _____________________________________________
(3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (Set forth
the amount on which the filing fee is calculated and
state how it was determined):
______________________________________________________
(4) Proposed maximum aggregate value of transaction:
______________________________________________________
(5) Total fee paid:_______________________________________
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which the
offsetting fee was paid previously. Identify the previous filing by
registration statement number, or the form or schedule and the date of
its filing.
(1) Amount previously paid:
_______________________________________
(2) Form, Schedule or Registration Statement No.:
_______________________________________
(3) Filing Party:
_______________________________________
(4) Date Filed:
_______________________________________
Ralph W. Bradshaw
One West Pack Square, Suite 750, Asheville, NC 28801
828-255-4833 Fax: 828-255-4834
Dear Fellow Stockholders:
As a stockholder in Van Kampen Convertible Securities Fund (the "Fund"), I am
concerned with the persistent discount from Net Asset Value("NAV")at which
shares of the Fund have traded. As the following graph shows, the problem has
continued to grow worse in recent years.
The Growing Van Kampen Convertible Securities Fund Discount Problem
12/31/1995 12/31/1996 12/31/1997 12/31/1998 12/31/1999
- -12.4% -12.6% -12.9% -16.7% -23.9%
Recent erosion of the dividend and volatility in the price are further evidence
of a need for change in direction. I believe that it is now time for the Fund to
take effective steps to address its discount problems.
To help give stockholders a stronger voice on matters affecting the value of
their investments in the Fund at the 2000 Meeting of Stockholders, I intend to
nominate myself and two other individuals as candidates for election as trustees
of the Fund. The meeting will be held on ___________, 2000.
I am committed to exploring and implementing measures intended to increase
the market price of your shares. If elected, we would encourage the Board of
Trustees to consider and to implement a variety of actions designed to enhance
stockholder value.
An obvious example would be significant perpetual repurchases of shares in the
market whenever they are trading at a discount. These repurchases would have
the effect of increasing NAV per share and the likely effect of reducing the
discount and increasing the yield per share. This could be accomplished without
any additional portfolio risk.
Effective methods of enhancing the market value of the shares are likely to
reduce the size of the fund and the corresponding management fees. For this
reason, most fund managers are reluctant to engage in aggressive share
repurchase programs. However, the shareholders of the fund need to evaluate
their own interests and decide if those interests could be better served by more
independence on the Board.
Our perspective is independent from that of trustees affiliated with or
nominated by the existing management. If elected, we will bring a range of
experience gained as active directors on several closed-end fund boards.
I believe that the benefits of cost control, investment focus, and
responsiveness to shareholder concerns that are being undertaken in these
other funds will also be beneficial to the shareholders of Van Kampen
Convertible Securities Fund.
I believe that neither the manager of the Fund nor the Fund's Board of
Trustees have taken effective steps to address the discount problem. Our
election would be an effective way to assure that stockholder interests are
given primary consideration.
Over the years, the market price has continued to be affected
by a persistent double digit discount. On December 31, 1999, when the market
price of the shares was $25.875, the net asset value of the shares was $33.992,
representing a discount of $8.117 per share or a +31.4% immediate gain to the
shareholders if the discount were eliminated. More recently, the discount on
________2000 was ____% and an elimination of the discount represented an
+______% gain. In my opinion, the leadership of our Fund needs to hear
an independent voice for improvement.
There should be no illusion that the voice of a minority group of trustees on a
board is enough to force improvement. However, the election of independent
representatives serves as a catalyst for change by sending an unmistakable
message that the status quo is unacceptable to the owners of the Fund.
I do not intend to spend a lot of money on expensive lawyers, multiple
mailings, and proxy solicitors who will call you on the telephone and try to
influence your vote. Please send a message to our Fund's management by voting
on and returning the green proxy card.
Please read the attached Proxy Statement carefully. It contains additional
information about issues that will be raised at the Fund's annual meeting.
To enable us to vote your shares on these issues, PLEASE MARK, SIGN, and DATE
AND RETURN THE ENCLOSED [GREEN] PROXY CARD IN THE POSTAGE PAID ENVELOPE THAT
HAS BEEN PROVIDED. You may vote on all proposals contained in the Fund's
[WHITE] proxy card by using the enclosed [GREEN] proxy card. Instructions for
executing the [GREEN] proxy card follow below.
If you have already returned the [WHITE] proxy card sent to you by the Fund, you
may revoke that proxy and vote for our nominees and proposals by marking,
signing, dating and mailing a later dated [GREEN] proxy card.
AFTER SUBMITTING A [GREEN] PROXY CARD, PLEASE DO NOT RETURN A [WHITE] PROXY CARD
(EVEN IF YOU ARE VOTING AGAINST THE NOMINEES NAMED IN THE FUND'S PROXY
STATEMENT). DOING SO WILL REVOKE YOUR [GREEN] PROXY CARD.
If you have any questions, please call me at (828) 255-4833
Sincerely yours,
Ralph W. Bradshaw
TO SUPPORT THESE EFFORTS TO ENHANCE STOCKHOLDER VALUE, PLEASE MARK, DATE, SIGN
AND RETURN THE ENCLOSED [GREEN] PROXY CARD USING THE ENCLOSED POSTAGE PAID
ENVELOPE.
VOTING INFORMATION
You may vote on all of the matters contained in the Fund's proxy
statement by completing and returning the enclosed [GREEN] proxy card. The
Fund's proxy materials include additional information.
The Soliciting Shareholder is not making any recommendation as to how you should
vote on ratification of the selection of the Fund's independent auditors.
A [GREEN] proxy card that is returned to the Soliciting Shareholder or its
agent will be voted as you indicate on the card. If a [GREEN] proxy card is
returned without indicating how to vote on a matter, your shares will be voted
FOR the election of Ralph W. Bradshaw, William A. Clark, and Andrew Strauss as
Trustees, and will ABSTAIN on the proposals to ratify the selection of the
Fund's independent accountant. All other stockholder proposals contained in
this proxy or introduced at the meeting for which you have not indicated your
preference will be voted at the time of the meeting by the Soliciting
Shareholder in accordance with the best interests of the stockholders in the
sole judgement and opinion of the Soliciting Shareholder.
If you have already returned the [WHITE] proxy card that was sent to you by the
Fund, you may revoke that proxy and vote for the Soliciting Shareholder's
nominees by marking, signing, dating and mailing a later dated [GREEN] proxy
card.
Completing and returning a [WHITE] proxy card, even to vote against the nominees
named in the Fund's proxy statement, after you return the enclosed [GREEN] proxy
card will revoke the proxy given in the [GREEN] card.
Therefore, DO NOT return a [WHITE] proxy card after returning the [GREEN] card,
unless you wish to completely cancel ALL of your choices on the [GREEN] proxy
card.
PROXY STATEMENT IN OPPOSITION
TO SOLICITATION BY THE BOARD OF TRUSTEES OF
VAN KAMPEN CONVERTIBLE SECURITIES FUND, INC.
ANNUAL MEETING OF STOCKHOLDERS
To be held on _____________, 2000
This proxy statement and the enclosed [GREEN] proxy card are being furnished to
holders of record on ____________, 2000 (the "Record Date") of shares of common
stock ("Common Stock")of Van Kampen Convertible Securities Fund, Inc. (the
"Fund")by Ralph W. Bradshaw(the "Soliciting Shareholder"), in connection with
the solicitation of proxies by the Soliciting Shareholder for use at the
2000 Annual Meeting of the Fund to be held _____________ on ____________, 2000
at ____________________ and any adjournment or adjournments thereof. The
Soliciting Shareholder is soliciting a proxy to vote your shares at the 2000
Annual Meeting of Stockholders of the Fund and at any and all adjournments or
postponements of the meeting.
INTRODUCTION
This proxy statement and the enclosed [GREEN] proxy card are first being sent to
stockholders of the Fund on or about __________________ for the following
purposes:
(1) to elect three trustees of the Fund, each to hold office for the term
indicated and until his successor shall have been elected and qualified;
(2) to consider and act upon a proposal to ratify the appointment of
_______________________________ for the fiscal year
ending December 31, 2000; and
(3) to consider and act upon such other business as may properly come before
the Meeting or any adjournments thereof.
With respect to these matters, the Soliciting Shareholder is soliciting a proxy
to vote your shares:
- IN FAVOR of the election of the persons whom the Soliciting Shareholder
intends to nominate for election as trustee of the Fund;
and the Soliciting Shareholder is making no recommendation on how shares should
be voted on Item 2, the ratification of the selection of the Fund's independent
auditors, and will ABSTAIN if no preference is indicated.
How Proxies Will Be Voted
All of the proposals scheduled by the Fund to be voted on at the meeting are
included in the enclosed [GREEN] proxy card. If you wish to vote IN FAVOR of
these nominees, and FOR any other proposal, you may do so by completing and
returning a [GREEN] proxy card.
If you return a [GREEN] proxy card to the Soliciting Shareholder or its agent,
your shares will be voted on each matter as you indicate. If you do not
indicate how your shares are to be voted on a matter, they will be voted FOR the
election of the nominees named in this proxy. If you do not indicate how to
vote on the ratification of the selection of the Fund's independent auditors,
your shares will be voted TO ABSTAIN on that matter. All other proposals
introduced at the meeting will be voted at the time of the meeting by the
Soliciting Shareholder in accordance with the best interests of the
stockholders, in the sole judgement and opinion of the Soliciting Shareholder.
If you return a [GREEN] proxy card, you will be granting the persons named as
proxies discretionary authority to vote on any other matters of which they are
not now aware that may come before the meeting. These may include, among other
things, matters relating to the conduct of the meeting and proposals of other
stockholders.
Voting Requirements
Only stockholders of record on the Record Date are entitled to vote at the
meeting. According to the Fund's proxy statement, as of ____________, 2000,
there were __________ issued and outstanding shares of common stock of the Fund.
Shareholders will be entitled to one vote for each share held. Only shareholders
of record at the close of business on ___________, 2000 will be entitled to vote
at the Meeting. Trustees of the Fund are elected by a plurality of the votes
cast.
Ratification of the selection of the Fund's independent auditors requires the
affirmative vote of a simple majority of shares present and voting at the
Meeting.
In tallying stockholder votes, abstentions and "broker non-votes" (i.e., shares
held by brokers or nominees as to which (a) instructions have not been received
from the beneficial owners or persons entitled to vote and (b) the broker or
nominee does not have discretionary voting power on a particular matter) will be
counted for purposes of determining whether a quorum is present for purposes of
convening the meeting, but neither abstentions nor broker non-votes will
be considered votes cast for any purposes at the Meeting. The three nominees
receiving the largest number of votes will be elected to serve as trustees of
the Fund.
If a quorum is not present at the meeting, or if a quorum is present but
sufficient votes to approve any stockholder proposals are not received, the
persons named as proxies may propose one or more adjournments of the meeting
to permit further solicitation of proxies. The proxies may also propose an
adjournment for other reasons. Any adjournment will require the affirmative
vote of a majority of those shares present at the meeting in person or by proxy.
As I believe is permissible under state law, the proxies may also temporarily
decline to attend the Meeting, thereby preventing a quorum in order
to solicit additional proxies or for any other legal reason. If an adjournment
of the meeting is proposed, the person named as proxy on the [GREEN] proxy card
will vote for or against such adjournment in his discretion.
Revocation of Proxies
You may revoke any proxy you give to management or the Soliciting Shareholder
At any time prior to its exercise in the following ways:
Deliver a written revocation of your proxy to the Secretary of the Fund;
Execute and deliver a later dated proxy to the Soliciting Shareholder or to the
Fund or our respective agents; or
Vote in person at the meeting. (Attendance at the meeting will not in and of
itself revoke a proxy.)
There is no limit on the number of times you may revoke your proxy prior to the
meeting. Only the latest dated, properly signed proxy card will be counted.
INFORMATION CONCERNING THE SOLICITING SHAREHOLDER
The address of the Soliciting Shareholder is One West Pack Square, Suite 750,
Asheville, NC 28801.
As of the Record Date, the Soliciting Shareholder has the beneficial ownership
of _______ shares of Common Stock of the Fund.
Exhibit 1 to this proxy statement contains a schedule showing the purchases and
sales of Common Stock of the Fund by the Soliciting Shareholder within the past
two years.
The Soliciting Shareholder has made the decision to seek Board representation
after an extended period of shares trading at substantial discount to NAV.
Moreover, he believes that effective measures have not been taken by the
investment manager nor has there been effective direction by the current Board
to deal with the persistent discount to NAV at which the Fund's shares trade on
the open market.
There are no contracts, arrangements, or understandings of any kind between the
Soliciting Shareholder and any other person with respect to how shares of the
Fund owned by that person might be voted.
REASONS FOR THE SOLICITATION
In my view, management has not taken meaningful steps to enhance stockholder
value. For this reason, the purpose of this proxy is to solicit your vote to
elect Ralph W. Bradshaw, William A. Clark, and Andrew Strauss to the Board of
Trustees.
The election of these persons as trustees will provide stockholders with an
independent voice on important matters affecting the Fund. Their election will
give the Board a new perspective and will help assure that measures intended to
benefit stockholders are more actively considered. These measures may include
but are not limited to:
- Enhancing both net asset value and market value of the Fund's shares through
aggressive, perpetual buybacks of shares in the market;
- Encouraging greater stockholder guidance to the Board, enhancing its ability
to act in the best interests of stockholders.
If you share these goals, I urge you to vote, using the enclosed [GREEN] proxy
card.
CERTAIN CONSIDERATIONS
In deciding whether to give the Soliciting Shareholder your proxy, you should
consider the following information.
Even if these nominees are elected, there can be no assurance that the full
Board of Trustees will take any actions that they may advocate or that such
actions, if taken, will achieve their intended goals. These nominees will, if
elected, represent only three of the Fund's eight trustees, absent the
resignation of any other trustees.
Implementation of certain Board actions may require stockholder approval, and no
assurance can be given that such approval will be obtained. In addition,
various costs, which would be borne indirectly by stockholders, may be
associated with certain actions, including but not limited to those associated
with holding a special meeting of stockholders.
The Soliciting Shareholder believes that all stockholders of the Fund will
benefit if any actions taken to improve stockholder value or to reduce or
eliminate the discount from NAV are successful.
ELECTION OF TRUSTEES
There are eight members in the current Board of Trustees.
At the meeting, stockholders will have the opportunity to elect three persons as
trustees of the Fund to serve for a three-year term and until their successors
shall have been elected and qualified.
The Soliciting Shareholder intends to nominate the following persons for
election as trustee of the Fund to serve until the Fund's annual meeting in
2003. Information about the nominees is as follows:
Name, Business Address Age Principal Business Occupations
Ralph W. Bradshaw 49
One West Pack Square
Suite 750
Asheville, NC 28801 Mr. Bradshaw has served as a Consultant
to Deep Discount Advisors, Inc. and Ron
Olin Investment Management Company, who
are registered investment advisors
specializing in closed-end fund
investments, for over five years.
In previous years, he has held
various managerial positions.
Mr. Bradshaw currently serves as a
Director on the Boards of Clemente
Strategic Value Fund, Austria Fund,
Central European Value Fund, and
Portugal Fund, all NYSE-listed
closed-end funds.
Number of Shares Owned Directly or
Indirectly As of ___________, 2000 ________
William A. Clark 54
One West Pack Square
Suite 777
Asheville, NC 28801
Consultant with Discount Advisors, Inc.,an
investment advisory firm; Director of
Clemente Strategic Value Fund,
Austria Fund, Inc., Central European
Value Fund, Inc., and Portugal
Fund, all NYSE-listed
closed-end funds.
Number of Shares Owned Directly or
Indirectly As of ___________, 2000 ________
Andrew Strauss 45
77 Central Avenue
Suite F
Asheville, NC 28801
Attorney and senior member of Strauss
And Associates, P.A., attorneys, previous
President of White Knight Healthcare, Inc.
And LMV Leasing, Inc. a wholly owned
Subsidiary of Xerox Credit Corporation;
Director of Clemente Strategic Value Fund,
Central European Value Fund, Inc., and
Portugal Fund, all NYSE-listed
closed-end funds.
Number of Shares Owned Directly or
Indirectly As of ___________, 2000 ________
Other than fees that may be payable by the Fund to its trustees, the
nominees named above have no arrangement or understanding with any person with
respect to any future employment by the Fund or by any affiliate of the Fund.
The persons named as proxies in the enclosed [GREEN] proxy card intend, in the
absence of contrary instructions, to vote all proxies they are entitled to vote
IN FAVOR of the election of the nominees named above. Each of the nominees has
consented to stand for election and to serve if elected. If a nominee is
unable to serve, an event not now anticipated, the proxies will be voted for
such other person, if any, as is designated by the persons named as proxies.
Information regarding the persons now serving as trustees and officers of the
Fund, and additional information regarding the Fund, is contained in the Fund's
proxy statement.
PRINCIPAL HOLDERS OF VOTING SECURITIES
The Fund's proxy shows Deep Discount Advisors, Inc. and Ron Olin Investment
Management Company as beneficial owners of ___% and ___% respectively of the
Fund's outstanding shares. Both Ralph Bradshaw and William Clark are former
employees and currently consultants to Deep Discount Advisors, Inc. They have
been consultants to Ron Olin Investment Management Company since 1995. Neither
company is a party to this solicitation and, as passive investors in the Fund's
shares, they are not endorsing the candidacy of any of the Soliciting
Shareholder's nominees. The Soliciting Shareholder knows of no other person who
owned of record or beneficially more than 5% of the outstanding Common Stock of
the Fund that is not disclosed in the Fund's proxy statement.
THE SOLICITATION
Ralph W. Bradshaw, the Soliciting Shareholder, is making this solicitation.
Banks, brokerage houses and other custodians, nominees and fiduciaries will be
requested to forward this proxy statement and the enclosed [GREEN] proxy card to
the beneficial owners of shares of Common Stock for whom they hold shares of
record. The Soliciting Shareholder will reimburse these organizations for their
reasonable out-of-pocket expenses.
Initially, the Soliciting Shareholder will personally bear all of the expenses
related to this proxy Solicitation which are estimated to be approximately
$25,000. Because I believe that the shareholders will benefit from this
solicitation, I may seek reimbursement of these expenses from the Fund.
Shareholders will not be asked to vote on the reimbursement of solicitation
expenses incurred by either the incumbent trustees or the Soliciting
Shareholder.
The Soliciting Shareholder is not and, within the past year, has not been a
party to any contract, arrangement or understanding with any person with respect
to any securities of the Fund. In addition, there is no arrangement or
understanding involving the Soliciting Shareholder which relates to future
employment by the Fund or any future transaction with the Fund.
If you have any questions concerning this proxy solicitation or the procedures
to be followed to execute and deliver a proxy, please contact the Soliciting
Shareholder at 828-255-4833.
ADDITIONAL PROPOSALS
The Soliciting Shareholder knows of no business that will be presented for
consideration at the meeting other than that set forth in this proxy statement
and in the Fund's proxy statement. If any other matters are properly presented
for consideration at the meeting, it is the intention of the persons named as
proxies on the enclosed [GREEN] proxy card to vote in accordance with his own
best judgment on such matters.
The date by which a stockholder must submit a proposal to be presented at the
2001 Annual Meeting of Stockholders is set forth in the Fund's proxy statement.
Dated: May , 2000
EXHIBIT 1 Purchases and Sales of Van Kampen Convertible Securities Fund Shares
SECURITIES OF THE FUND PURCHASED OR SOLD
WITHIN THE PAST TWO YEARS BY THE SOLICITING SHAREHOLDER
Date No. of Shares
____________ ___ purchased
____________ ___ purchased
PROXY CARD
PROXY SOLICITED IN OPPOSITION
TO THE BOARD OF TRUSTEES OF THE
VAN KAMPEN CONVERTIBLE SECURITIES FUND, INC.
BY RALPH W. BRADSHAW
ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON ___________, 2000
The undersigned hereby appoints Thomas Westle, Lawrence Vincent, William Clark,
and Ralph Bradshaw, and each of them, as the undersigned's proxies, with full
power of substitution, to attend the Annual Meeting of Stockholders of Van
Kampen Convertible Securities Fund, Inc. (the "Fund") and to vote all shares of
Common Stock of the Fund which the undersigned is entitled to vote at the
Annual Meeting of Stockholders to be held at _______ on ___________ at _____
a.m. (_______ time), and any adjournment or adjournments thereof.
Properly executed proxies will be voted (or the vote on such matters may be
withheld on specific matters) in accordance with instructions appearing on the
proxy. In the absence of specific instructions, proxies will be voted FOR the
election of the nominees as trustee, ABSTAIN on proposal 2, and in the best
discretion of the proxy holders as to any other matters. Please refer to the
Proxy Statement for a discussion of the proposals.
(INSTRUCTIONS: Mark votes by placing an "x" in the appropriate [ ].)
1. To elect three (3) Class III Trustees by holders of Common Shares. The
nominees are:
RALPH W. BRADSHAW, WILLIAM A. CLARK, and ANDREW STRAUSS
FOR THE NOMINEE [ ] WITHHOLD [ ]
THE SOLICITING SHAREHOLDER URGES YOU TO VOTE "FOR" THE ELECTION OF THESE
NOMINEES
2. To ratify the selection of __________________________ for the fiscal year
ending December 31, 2000.
FOR [ ] AGAINST [ ] ABSTAIN [ ]
THE SOLICITING SHAREHOLDER IS NOT MAKING A RECOMMENDATION ON PROPOSAL TWO. IF
NO DIRECTION IS MADE, THE SOLICITING SHAREHOLDER WILL VOTE "ABSTAIN" ON PROPOSAL
TWO.
IMPORTANT - - PLEASE SIGN AND DATE BELOW
SHARES WILL BE VOTED AS DIRECTED. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED IN FAVOR OF THE ELECTION OF THE NOMINEES NAMED ABOVE IN PROPOSAL 1 AND
WILL ABSTAIN FROM VOTING ON PROPOSAL 2. ANY AND ALL OTHER PROPOSALS WILL BE
VOTED BY THE PROXYHOLDERS IN THE BEST INTERESTS OF STOCKHOLDERS AS DETERMINED BY
THE SOLE JUDGEMENT OF THE PROXYHOLDERS AT THE TIME OF THE MEETING. THE
UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE PROXY STATEMENT DATED _________,
2000, OF RALPH W. BRADSHAW AND THE UNDERSIGNED HEREBY REVOKES ANY PROXY
HERETOFORE EXECUTED BY THE UNDERSIGNED RELATING TO THE SUBJECT MATTER HEREOF AND
CONFIRMS ALL THAT THE PROXIES MAY LAWFULLY DO BY VIRTUE HEREOF.
(IMPORTANT - PLEASE FILL IN DATE)
This proxy card is provided by Ralph W. Bradshaw, a shareholder of the Fund.
Please sign exactly as your name appears hereon or on proxy cards previously
sent to you. When shares are held by joint tenants, both should sign. When
signing as an attorney, executor, administrator, trustee or guardian, please
give full title as such. If a corporation, please sign in full corporate name
by the President or other duly authorized officer.
If a partnership, please sign in partnership name by authorized person.
SIGNATURE(S)_____________________________________________Dated:_______________
Please sign as registered and return promptly in the enclosed envelope.
Executors, trustees and other signing in a representative capacity should
include their names and the capacity in which they sign.
