AST Leads Successful Proxy Campaign for Invesco’s Acquisition of OppenheimerFundsA

AST Fund Solutions LLC announced that it executed a successful proxy campaign that resulted in 103 separate fund shareholder approvals for the reorganization of the OppenheimerFunds into the Invesco Funds. The funds were reorganized as part of the successful completion of Invesco's acquisition of OppenheimerFunds, which was announced on May 24, 2019.

AST has a longstanding relationship with both OppenheimerFunds and Invesco, and worked quickly and efficiently with all parties involved to ensure that votes were solicited and tabulated within a tight timeframe.

AST is the premier provider of proxy solicitation and shareholder communication services for the mutual fund industry in North America. Through its deep expertise and leading technology, AST is able to dramatically reduce the total cost of proxy solicitation campaigns and regulatory mailings for its clients. AST utilizes proprietary analytics examining the proxy voting and solicitation response behavior of fund investors, which includes insights gained from experience conducting solicitation campaigns involving thousands of funds and millions of shareholders. AST offers a suite of services including:

  • End-to-end mutual fund proxy management
  • Proxy mail, tabulation and solicitation
  • Strategic advisory services for closed-end funds
  • High-efficiency proxy solicitation solutions
  • Regulatory mailing services
  • Closed-end fund transfer agent solutions