Attached files
file | filename |
---|---|
8-K - FORM 8-K - RiverSource LaSalle International Real Estate Fund, Inc. | c63377e8vk.htm |
Exhibit 99.1
Media contact:
|
Charles Keller | |
612-678-7786 | ||
charles.r.keller@ampf.com | ||
Stockholder contact:
|
Gary Terpening | |
212-850-1533 | ||
gary.a.terpening@ampf.com | ||
RIVERSOURCE LASALLE INTERNATIONAL REAL ESTATE FUND, INC.
MARCH DISTRIBUTION INFORMATION
MARCH DISTRIBUTION INFORMATION
BOSTON, MA, March 4, 2011 On February 15, 2011, stockholders of RiverSource LaSalle
International Real Estate Fund, Inc. (the LaSalle Closed-End Fund) (NYSE: SLS) at a Special
Meeting of Stockholders (the Special Meeting) approved a proposal that the LaSalle Closed-End be
acquired by Columbia Real Estate Equity Fund (the Open-End Fund), an open-end fund which is a
series of Columbia Funds Series Trust I (the Acquisition). In connection with the consummation
of the Acquisition, the LaSalle Closed-End Fund has made adjustments to the timing of its March
distribution, details of which are anticipated to be announced later this month.
The Funds investment manager is Columbia Management Investment Advisers, LLC (formerly known as
RiverSource Investments, LLC), a wholly owned subsidiary of Ameriprise Financial, Inc. Columbia
Management Investment Distributors, Inc. (formerly known as RiverSource Fund Distributors, Inc.) is
the principal underwriter of the Columbia, Wanger, Columbia Acorn, RiverSource, Seligman and
Threadneedle branded mutual funds.
The net asset value of shares of a closed-end fund may not always correspond to the market price of
such shares. Common stock of many closed-end funds frequently trade at a discount from their net
asset value. The LaSalle Closed-End Fund is subject to stock market risk, which is the risk that
stock prices overall will decline over short or long periods, adversely affecting the value of an
investment in the LaSalle Closed-End Fund.
Investments in real estate securities may be subject to specific risks, such as the risks
associated with general and local economic conditions, and the risks related to individual
properties. Investing in one economic sector, such as real estate, may result in greater price
fluctuations than owning a portfolio of diversified investments.
Investments in foreign securities involve certain risks not associated with investments in U.S.
companies, including the risks of a particular country, including the political, regulatory,
economic, social and other conditions of the country, as well as fluctuations in its currency and
the risks associated with less developed custody and settlement practices. For emerging markets,
these risks are even greater.
Distributions paid to stockholders are subject to recharacterization for tax purposes because the
securities (e.g., real estate investment trusts) in which the funds invest may not provide complete
tax information to the funds as to the tax character of the dividends distributed by such company
(e.g., income, capital gain or return of capital) until after the funds have made distribution to
stockholders. This recharacterization could result in a proportionate increase in returns of
capital to stockholders. In certain situations, returns of capital could be taxable for federal
income tax purposes, and all or a portion of a funds capital loss carryforwards from prior years
could effectively be forfeited.
You should consider the investment objectives, risks, charges, and expenses of the funds carefully
before investing. You can obtain the LaSalle Closed-End Funds most recent periodic reports and
other regulatory filings by contacting your financial advisor or American Stock Transfer & Trust
Company LLC at 800 937-5449. You can obtain the Open-End Funds current prospectus, periodic
reports and other regulatory filings by contacting your financial advisor or Columbia Management
Investment Services Corp. at 800 345-6611. These materials, including any prospectuses, reports and
other filings can also be found on the Securities and Exchange Commissions EDGAR database. You
should read these materials, including any prospectuses, reports and other filings carefully before
investing.
There is no guarantee that a funds investment goals/objectives will be met or that distributions
will be made, and you could lose money.
NOT FDIC INSURED
|
MAY LOSE VALUE | NO BANK GUARANTEE |
||
NOT A DEPOSIT
|
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY |