Voting Results of Special Meetings of Shareho
lders
The proposals described below were submitted to a vote of shareholders of Go
vett Funds at a special meeting of shareholders held on August 4, 2000
(the Meeting):
Proposal No. 1 Proposals to reorganize the Govett International Equit
y Fund with and into the ARK International Equity Selection Portfolio, to
reorganize the Govett Global Income Fund with and into the ARK Income
Portfolio,and also to reorganize the Govett Emerging Markets Equity Fund
with and into the ARK Emerging Markets Equity Portfolio.
At the Meeting the shareholders approved Proposal No. 1 as follows:
For Against Abstain
International Equity Fund 858,635 5,715 23,153
Global Income Fund 329,900 394 10,936
Emerging Markets Fund 586,201 15,433 21,277
Proposal No. 2 If shareholders of ARK International Equity Selection
Portfolio do not approve certain changes, the proposal is to reorganize the
Govett International Equity Fund with and into the ARK International Equity
Portfolio.
At the Meeting the shareholders approved Proposal No. 1 as
follows:
For Against Abstain
854,246 10,770 22,487
The proposal described below was submitted to a vote of shareholders
of Govett Funds at a special meeting of shareholders held on August 18,
2000 (the Meetings):
Proposal No. 1 Proposal to reorganize the Govett Smaller Companies Fund
with and into the ARK Small-Cap Equity Portfolio.
At the Meetings the shareholders approved Proposal No. 1 as follows:
For Against Abstain
1,154,933 34,644 44,925
