Special Proxy Bulletin
For Broker/Dealer use only. May 20, 1998
Upcoming Special Meeting and Proxy Statement
As mentioned in the April issue of the SoGen Monthly News, all shareholders
received a Proxy Statement and Notice of a Special Meeting to be held on July
17th, 1998. The purpose of the meeting is to vote on a proposal to reorganize
SoGen International Fund, Inc. into a newly-formed portfolio of SoGen Funds,
Inc. Currently, SoGen Funds, Inc. consists of the SoGen Overseas, Gold and Money
Fund portfolios.
We propose the reorganization in order to facilitate the creation of an
institutional class of shares. The ability to create and issue new share classes
would enable us to meet the needs of our financial intermediaries more
effectively. In addition, shareholders could benefit from the multi-class
structure because of the availability of new investment options.
The reorganization could also result in economies of scale by eliminating the
duplication associated with operating under two separate legal entities. For
example, management is currently required to keep separate records on behalf of
the two corporations, to make separate regulatory filings and to negotiate
separate contracts with service providers.
We urge you to discuss this matter with your clients and encourage them to
complete and return their proxies as soon as possible. The sooner they are
received, the greater the savings since the cost of special mailings, hiring
outside vendors to condcut proxy solicitations and other expenses can be
avoided. Your cooperation is greatly appreciated.
Call (800) 334-2143 for further information.
