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Non-Tech : RECY Looking Good... A -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (6864)	8/5/1999 12:54:00 AM
From: Oompapa	Read Replies (1) \| Respond to of 7006

James, Possibly Linder was just changing the focus of their funds and "unloading" to rid itself of stocks that did not meet their criteria. See Attached. Lindner Funds Board of Trustees Approves Renaming of Three Lindner Mutual Funds to Better Reflect Investment Strategies and Objectives (St. Louis, MO, July 1, 1999) -- Following the regularly-scheduled meeting of the Lindner Funds Board of Trustees on June 24, 1999, these decisions are announced: The Lindner Dividend Fund has been renamed the "Lindner Asset Allocation Fund" to better represent the Fund's investment strategy, which is to produce current income higher than that paid on either the S&P 500 Index or passbook savings accounts, with long-term capital growth and conservation of capital being secondary objectives. The fund will invest in common stocks, fixed income securities, securities convertible into common stocks (such as warrants and preferred stocks), and cash equivalent securities without regard to market capitalization size. The Lindner Growth Fund has been renamed the "Lindner Large-Cap Fund" also to reflect the Fund's investment strategy, which is long-term capital growth. Under normal circumstances the fund will invest at least 65% of its total assets in common stocks and equity securities of large capitalization US companies (those with a market cap in the range of the Russell 1000 Index, which is $1.4 billion and up). The Lindner Small-Cap Value Fund was renamed the "Lindner Small-Cap Fund". The investment objective of the Small-Cap Fund is long-term capital growth. Under normal circumstances, the fund will invest at least 65% of its total assets in common stocks and equity securities of U.S. small cap companies (those having a market cap in the range of the Russell 2000 Index, from $216 million to $1.44 billion). Stock selection may reflect either a growth or value investment approach. Lindner Market Neutral Fund now Official The Lindner Market Neutral Fund becomes officially operational on July 1, 1999; shareowners approved changes to the investment objective of the fund at a special meeting held on December 17, 1998. (This was formerly the Lindner Bulwark Fund.) This fund is now managed as a "market neutral" fund, seeking long-term capital growth in both bull and bear markets while maintaining minimal portfolio exposure by always having both long and short positions in equity securities. (Changes approved by shareowners in the investment objective, investment policies and sub-classification take effect July 1, 1999.) International Fund and High-Yield Bond Fund Closed By decision of the trustees, effective June 25, 1999, the Lindner International Fund and the Lindner High-Yield Bond Fund were closed to new investors; no additional sales of shares will be accepted from existing investors other than through dividend reinvestment. Shareowners will be asked to approve the liquidation and termination of these funds in the near future. Adviser's Name Changed to Lindner Asset Management, Inc. Investment Committee Formed For Decision-Making In a prior communication with shareowners, the following changes were announced: On April 20, 1999, the corporate name of the Adviser was changed to "Lindner Asset Management, Inc.". This corporate name will be phased in over time and will provide a strong link to the well-known "Lindner" mutual fund brand in the financial services marketplace. On April 21, 1999, the Adviser transferred responsibility for the day-to-day portfolio management of all of the Lindner Funds – other than the Lindner Government Money Market Fund – to a newly-formed Investment Committee comprised of Doug T. Valassis, the Adviser's chairman and chief executive officer; Mark T. Finn, vice chairman and chief operating officer; and Eric E. Ryback, president. This committee takes the place of various individual portfolio managers. (The Government Money Market Fund continues to be advised by Firstar Bank, N.A., Subadviser to the Adviser.) These changes will be reflected in a new "Plain English" prospectus that will be mailed to all shareowners by mid-July. Shareowners may request the updated Prospectus and Statement of Additional Information of Lindner Funds, dated July 1, 1999. Requests should be directed to Lindner Asset Management, Inc., PO Box 11208, St. Louis, Missouri 63105. Toll-free 1-800-995-7777.