Victories that Make Big Differences!

Victories that Make Big Differences!

By CFO Tech Outlook | Tuesday, July 23, 2019

Louis Cordone, SVP of AST Ownership Intelligence

A successful event brings appreciation to the company and also strengthens the brand name. AST recently went through a thriving experience recently by leading a flourishing proxy campaign helping two other companies.

FREMONT, CA: “We provide an integrated ownership intelligence platform to expose the ownership to clients, helping them understand their investors and offering them growth opportunities from a capitalization standpoint,” said Louis Cordone, SVP of AST Ownership Intelligence.

AST Fund Solutions LLC (AST), one of the leading financial reporting solution providers is delighted to announce the successful execution of their proxy campaign. The campaign resulted in 103 separate fund shareholder approvals for the reorganization of the OppenheimerFunds into the Invesco Funds. The funds were considered as part of the successful conclusion of Invesco’s acquisition of OppenheimerFunds, which was publicized on 24th May, 2019.

AST has a venerable relationship with both OppenheimerFunds and Invesco, as well as works efficiently with other parties involved to check if votes were solicited and tabulated within a firm timeframe. It has played a central role in helping OppenheimerFunds and Invesco achieve a positive result with their proxy expertise from an advisory, planning, and execution standpoint. The campaign was one of AST’s most thriving events, and in spite of the challenges inherent in the project and with a short solicitation timeframe, the company worked smoothly and proficiently.

“By helping them know who their shareholders are—and how their ownership profiles are unique—we enable companies to build their knowledge of shareholder relationships and position themselves as better candidates for investment,” stated Cordone.

AST is known as a premier provider of proxy solicitation and shareholder communication services for the mutual fund industry in North America. It was featured as one of the Top 10 Financial Reporting Solution Providers of 2018 by CFO Tech Outlook. With the help of its deep expertise and leading technology, it dramatically reduces the total cost of proxy solicitation campaigns and regulatory mailings for the clients. AST uses proprietary analytics to examine proxy voting and solicitation response behavior of fund investors. It contains insights gathered from experience conducting solicitation campaigns concerning thousands of funds and shareholders. The company offers a set of services that includes end-to-end mutual fund proxy management, proxy mail, and tabulation and solicitation. It also provides strategic advisory services for closed-end funds, high-efficiency proxy solicitation solutions, administrative mailing services, and closed-end fund transfer agent solutions. AST was initially founded as a transfer agent over 45 years ago and through organic growth and strategic acquisitions. It has pioneered a modern model of integrated ownership data management, advisory services, and financial technology in the industry now. AST affiliates include AST Trust Company (Canada), D.F. King & Co, Inc. and Donlin, Recano & Company, Inc.

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