8. Acquisition Information
Effective September 29, 2000, the Strong High-Yield Bond Fund acquired, through
a non-taxable exchange, substantially all of the net assets of Strong Global
High-Yield Bond Fund. Strong High-Yield Bond Fund issued 170,167 shares (valued
at $1,718,687) for the 194,141 shares of Strong Global High-Yield Bond Fund
outstanding at September 29, 2000. The net assets of $1,718,687 of Strong Global
High-Yield Bond Fund included net unrealized depreciation on investments of
$57,321 and accumulated net realized losses of $422,640. The Strong Global
High-Yield Bond Fund also incurred capital loss carryovers of $413,797, which
were combined with those of Strong High-Yield Bond Fund. Strong High-Yield Bond
Fund utilized $2,907 of these capital loss carryforwards in 2000. Strong
High-Yield Bond Fund's Statement of Operations for the year ended October 31,
2000 does not include preacquisition activity of Strong Global High-Yield Bond
Fund.
9. Special Meeting of Shareholders
A special meeting of the shareholders of Strong Global High-Yield Bond Fund was
held on September 6, 2000 in Menomonee Falls, Wisconsin. Shareholders elected to
approve an Agreement and Plan of Reorganization on behalf of Strong Global
High-Yield Bond Fund and Strong High-Yield Bond Fund, and to approve an
amendment to the Articles of Incorporation of the Strong International Income
Funds, Inc. to reflect the reorganization. Results of the shareholder vote,
calculated as a percentage of total shares voted (114,116), are as follows:
Proposals Affirmative Withhold Abstain
Approve Agreement and Plan of
Reorganization, approve cancellation 96.33% 2.61% 1.06%
and conversion of Global High-Yield
Bond Fund Shares and approve
elimination of fund within series
