SOURCE: The Altman Group

The Altman Group

October 16, 2009 09:38 ET

The Altman Group Hosts First Annual Closed-End Fund Conference at the NYSE

NEW YORK, NY--(Marketwire - October 16, 2009) - The Altman Group will be hosting its first annual closed-end fund conference on Wednesday, October 28, 2009 at the New York Stock Exchange. This conference series is designed to help closed-end funds bridge the gap between fund managers, investors (both retail and institutional), brokers and analysts.

"In talking with closed-end fund clients, it became apparent that they wanted to try different ways to attract new investors, while at the same time having the opportunity to update their current shareholders, brokers and analysts," stated Kenneth Altman, President of The Altman Group. "Many closed-end funds have previously used standard roadshows, which can be time consuming and costly, given travel fees. There are also financial conferences, where it can be difficult to determine ROI, and with a different audience at each such conference, targeting your message can also be difficult. We decided to offer our clients a forum where they can meet with various audiences, either in person or via webcast, and provide an update while engaging in one-on-one dialogue."

"With the economy still in a fragile state, the number one concern investors express is the need for more information," stated Patricia Baronowski, Managing Director at The Altman Group. "There is no such thing as too much information right now. Investors, both current and potential, always prefer to see the managers in person and have the opportunity to ask questions. We decided to bring them all together under one roof, and make the process easier."

What makes this event unique is that those who cannot attend live are able to participate and ask questions via a webcast. Also, those who cannot present in person, can present via webcast from their home locations and countries. One of the fund managers, who is based in Hong Kong, will be presenting virtually from his home office.

"We tried to make this event cost effective for all presenting, yet at the same time make it informative and educational for the audience. We understand the need for investors to have access to information and also to help clients keep costs to a minimum," stated Ms. Baronowski. "Having worked with closed-end funds for over 20 years, I know of no other forum that can offer clients an opportunity to reach as wide and varied an audience at such a reasonable price."

The event will be held live at the New York Stock Exchange on October 28, 2009 and attendance is allowed only by accepted rsvp due to room size.

The event will also be webcast live (and archived for 6 months) via the following link: http://www.investorcalendar.com/IC/CEPage.asp?ID=150410

About The Altman Group, Inc.

The Altman Group, Inc., based in New York City, is the fastest growing proxy solicitation and corporate governance consulting firm in the United States. Founded in 1995 by Ken Altman, the firm has added over 750 new clients globally in the past 5 years. Its senior executives have over 250 years of corporate and mutual fund proxy solicitation, corporate governance consulting, shareholder identification and investor relations experience.

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