DEFA14A 1 d937667ddefa14a.htm BRANDYWINEGLOBAL - GLOBAL INCOME OPPORTUNITIES FUND INC. BrandywineGLOBAL - Global Income Opportunities Fund Inc.

 

 

SCHEDULE 14A

(Rule 14a-101)

 

 

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

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BRANDYWINEGLOBAL – GLOBAL INCOME OPPORTUNITIES FUND INC.

(Name of Registrant as Specified in Its Charter)

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         LOGO    LOGO   

May 22, 2020

Time is Short, and Our Records Indicate You Have Not Voted Your Shares. Your Vote is Needed to Ensure that the Fund Can Continue to Operate

The BrandywineGLOBAL—Global Income Opportunities Fund Inc. (the “Fund”) Special Meeting of Shareholders is quickly approaching. Ahead of the meeting scheduled to be held on June 5, 2020, you are being asked to vote to approve new agreements1 between the Fund and its investment manager and subadviser that will enable the Fund to continue to operate and deliver the returns you rely on.

Vote Today to Support the Management Team that is Committed to Enhancing Shareholder Value

Vote “FOR” the new agreements with the Fund’s investment manager and subadviser that are building on the Fund’s proven track record of significant value creation by…

 

                  
    LOGO   

Delivering a 1-year annualized distribution2 of 7.52% as of April 30, 2020, an increase from 6.70% as of the same period in 2019

        

LOGO

  

Delivering 1-year annualized total returns2 of 8.41%, above its benchmark3 average of 6.54% over the same time period

           LOGO   

Outperforming2 Lipper Peer Group4 averages across key timeframes, including 8.41% vs. -16.41% on a 1-year basis, 2.27% vs. -4.65% on a 3-year basis, and 1.50% vs. -0.01% on a 5-year basis

                  
                  

If these new agreements are not approved, the Fund may be forced to liquidate, which could result in serious negative implications for long-term shareholders such as a significant loss of shareholder value, the discontinuation of the Fund’s distributions and negative tax consequences. Remember, a failure to vote is the same as voting against the new agreements.

 

     
     
     
          

Protect the Value of Your Investment —

Vote the WHITE Proxy Card Today

 

   LOGO

 

      

 

 

The Fund’s Board of Directors unanimously recommends that you vote on the WHITE proxy

card “FOR” the approval of the new management agreement for the Fund’s investment

manager and the new subadvisory agreement for the Fund’s subadviser to ensure

shareholders receive uninterrupted value.

     
     


                                                                    

 

     

   LOGO   

 

Your Vote is Important, No Matter How Many

or How Few Shares You Own

   
   

 

   
   
   

You can vote by internet, telephone or by signing and dating the WHITE proxy card and

mailing it in the envelope provided.

   
   
   

If you have any questions about how to vote your shares or need additional assistance,

please contact:

 

      
   

 

   
   
    Innisfree M&A        LOGO    Shareholders Call Toll Free: (877) 750-8197    
    Incorporated    Banks and Brokers Call: (212) 750-5833    
   
       
   

 

   
   

   LOGO

 

 

REMEMBER

 

We urge you NOT to vote using any other colored proxy card as doing so will revoke your vote on the WHITE proxy card.

 

   

 

           

 

 

Notes

 
 

1  Due to the “change of control” resulting from the pending combination of Legg Mason Inc. (“Legg Mason”), the parent company of the Fund’s investment manager and subadviser, and Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton.

 

2  Based on market price for the period ended April 30, 2020.

 

3  The Bloomberg Barclays Global Aggregate Index is an index comprised of several other Bloomberg Barclays indices that measure fixed-income performance of regions around the world.

 

4  The Fund’s Lipper peer group refers to the peer group of high-yield, levered closed-end funds as selected by Lipper, an independent nationally recognized provider of investment company information.

 
 

Forward Looking Statement

 

Past performance is no guarantee of future results. The information provided is not intended to be a forecast of future events, a guarantee of future results or investment advice.

 

All investments are subject to risk including the possible loss of principal. All benchmark performance reflects no deduction for fees, expenses or taxes. Please note that an investor cannot invest directly in a benchmark.