Donald Yacktman looked like the winner last week in his proxy fight with the independent directors who monitor the two mutual funds that bear Yacktman's name.

The preliminary results from the proxy vote conducted Nov. 24 showed that shareholders who voted, overwhelmingly supported Yacktman Asset Management's proposals to oust the four independent directors of the Yacktman Fund and the Yacktman Focused Fund. They also voted in favor of electing three new independent directors Yacktman backed and to reduce the size of the funds' board from six to five members.

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