DEFA14A 1 a10-13929_2defa14a.htm DEFA14A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No.     )

 

Filed by the Registrant  o

 

Filed by a Party other than the Registrant  x

 

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Preliminary Proxy Statement

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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

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Definitive Proxy Statement

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Definitive Additional Materials

o

Soliciting Material Pursuant to §240.14a-12

 

Rivus Bond Fund

(Name of Registrant as Specified In Its Charter)

 

The Hartford Income Shares Fund, Inc.

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

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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.

 

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July 12, 2010

 

IMPORTANT NOTICE

 

Dear Shareholder:

 

Thank you for the timely return of your proxy card relating to the shareholder meeting of The Hartford Income Shares Fund, Inc. The shareholder meeting, held July 9, 2010, has been adjourned until Friday, July 23, 2010 at 10:00 a.m. Eastern time.

 

Our records reflect that you voted against the proposal, pursuant to an Agreement and Plan of Reorganization, providing for the acquisition of the assets and the liabilities of The Hartford Income Shares Fund, Inc. by Rivus Bond Fund, a diversified, closed-end management investment company advised by Cutwater Asset Management Corp., solely in exchange for shares of the Rivus Bond Fund.

 

This proposal is of utmost importance, and we are writing to ask that you take a few moments to review the information contained within this letter and in the Combined Proxy Statement/Prospectus previously provided to you and reconsider your previous vote.

 

The Board of Directors of The Hartford Income Shares Fund, Inc. recommends that you vote FOR the proposal described in this Notice and in the Proxy Materials.

 

The Reorganization is expected to benefit The Hartford Income Shares Fund, Inc.’s  shareholders by: (1) providing greater opportunities to realize economies of scale by combining The Hartford Income Shares Fund, Inc.’s assets with the assets of the Rivus Bond Fund, resulting in a larger fund, which is expected to result in lower total operating expenses for the shareholders of the combined fund; (2) offering shareholders of The Hartford Income Shares Fund, Inc. an investment in a fund that provides similar investment objectives and strategies; and (3) offering shareholders of The Hartford Income Shares Fund, Inc, an investment in a fund that is advised by another highly qualified asset manager with extensive experience in managing fixed income investment strategies.

 

If you have any questions or would like an additional set of Proxy Materials, please contact our proxy solicitor, Computershare Fund Services, at 1-866-390-6174. We appreciate your time and careful consideration.

 

Unless The Hartford Income Shares Fund, Inc. receives the favorable vote of 67% of its total outstanding voting shares, the proposed reorganization will not be approved.  For purposes of determining this vote, an abstention has the same effect as a vote against the proposal.

 

Upon evaluation of all relevant information, the Board of Directors voted to approve the proposal and the Board of Directors recommends that you vote “FOR” the proposed reorganization.

 

Your vote is important and your participation in the affairs of your fund does make a difference.  If you decide to change your vote, you can do so by mail, Internet or touch-tone phone.  Please refer to the enclosed proxy card for instructions on how to cast your vote. Receipt of a proxy vote with a later date will completely revoke your previous ballot.

 

 

Sincerely,

 

/s/ Robert M. Arena, Jr.

 

 

 

 

 

Robert M. Arena, Jr.

 

President of The Hartford Income Shares Fund, Inc.