SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
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Federated Equity Funds
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Filed by: Federated Equity Funds
Filed Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-6 of the Securities Act of 1934
Subject Company: Prudent Bear Fund
Commission File No. 811-09120
You should soon receive a proxy statement outlining proposed reorganizations of Prudent Bear Fund and Prudent Global Income Fund into new Federated mutual funds.
We, along with the Funds’ Board, believe these reorganizations are in our fund shareholders’
best interest, and ask that you review the proxy statement or visit www.prudentbearfunds.com
for more information.
Your vote is very important to us, no matter how many shares you own, so please cast your
vote today!
For questions, please contact us at (800) 711-1848.
David W. Tice & Associates, LLC
00062843
A prospectus/proxy statement with respect to the proposed transaction will be mailed to shareholders and filed with the Securities and Exchange Commission (SEC). Investors are urged to read the prospectus/proxy statement because it contains important information. The prospectus/proxy statement and other relevant documents will be available free of charge on the SEC’s Web site at www.sec.gov or by calling 1-800-341-7400.