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Proxy Report - 09/05/2018

Item 5: We recommend to oppose the new remuneration system for the Management Board which is applicable since financial year 2018 due to our concerns over the new LTIP 2018/2020 and the possible granting of a special bonus to Management Board members.

Items 9a, 9b and 9c: KPMG, Berlin, is proposed as auditor for the current financial year, for a possible audit review of interim financial reports (first half year report and quarterly reports) for financial year 2018 as well as for a possible audit review of interim financial reports for financial year 2019 up until the AGM 2019. We have no concerns over the ratio of non-audit/audit fees. However, we note that KPMG has audited the Company since at least the financial year 1996 (no earlier data available) which exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of KPMG as auditor.

24/04/2018
30 pages
EN

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Underlying

Personal & Household Goods - Germany

ACM Managed Dollar Income Fund is a non-diversified, closed-end management investment company. This closed-end investment fund is designed for investors who seek high current income and capital appreciation. In order to achieve this objective, Co. invests primarily in high-yielding, U.S. and non-U.S. fixed income securities, denominated in U.S. dollars, that it expects to benefit from improving economic and credit fundamentals. Co. may utilize leverage through the investment techniques of reverse repurchase agreements and dollar rolls. As of Sept 30 2007, Co. had total assets of $192,614,325 and investment portfolio totalled $178,906,534.

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