Ron Olin, a shareholder activist, succeeded in having a meeting of the shareholders of the closed-end Global Small Cap Fund of New York adjourned before its business of holding a shareholder vote on opening the fund, was accomplished.

Olin, chairman and CEO of Deep Discount Advisors of Asheville, N.C., and a member of the fund's board, called for the adjournment of the fund's Dec. 30 special meeting because the fund's board of directors was refusing to recognize Deep Discount's opposing proxy, Olin said in an interview last week. That proxy would have shareholders vote on electing a new slate of directors to the fund, he said. The meeting will be reconvened on Jan. 14.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.