SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant /X/
Filed by a Party other than the Registrant / /
Check the appropriate box:
/ / Preliminary Proxy Statement
/ / Confidential, for Use of the Commission Only (as permitted
by Rule 14a-6(e)(2))
/ / Definitive Proxy Statement
/X/ Definitive Additional Materials
/ / Soliciting Material Pursuant to Section 240.14a-11(c) or
Section 240.14a-12
CREDIT SUISSE ASSET MANAGEMENT
STRATEGIC GLOBAL INCOME FUND, INC.
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the
Registrant)
Payment of Filing Fee (Check the appropriate box):
/X/ No fee required.
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
and 0-11.
(1) Title of each class of securities to which transaction
applies:
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(2) Aggregate number of securities to which transaction
applies:
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May 15, 2000
TO THE SHAREHOLDERS OF CREDIT SUISSE ASSET MANAGEMENT
STRATEGIC GLOBAL INCOME FUND, INC. (THE "FUND")
Dear Shareholder:
Please be advised that the Fund's Annual Meeting of Shareholders, originally
scheduled for May 8, 2000 has been rescheduled for 11:30 a.m., Tuesday, June 6,
2000. As you may recall, two opposing slates will be presented to the
shareholders for election as directors at the Annual Meeting: one slate is
comprised of the four current directors of the Fund, while a second slate
consists of Phillip Goldstein, a shareholder of the Fund, and three individuals
hand-picked by him. If you have not already done so, we strongly urge you to
vote the enclosed WHITE proxy card in favor of the four current directors.
We would also like to take this opportunity to amplify upon a statement
included in our April 17, 2000 letter to shareholders, which noted that "an
investor who acquired $10,000 of the Fund's shares ten years ago and who
reinvested dividends and participated in the rights offering would have seen
that investment grow to over $31,824 in market value by March 31 of this year".
The $31,824 included the subscription amount of $6,476 required to participate
in the rights offering and purchase the shares available to the hypothetical
investor represented by the chart. Assuming an investor did not participate in
the rights offering, his or her original $10,000 investment would have grown to
$23,870 during that ten year period, as illustrated in the chart below.
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
03/30/1990 $10,000.00
04/30/1990 $10,106.04
05/31/1990 $9,917.29
06/29/1990 $10,469.28
07/31/1990 $10,576.99
08/31/1990 $10,383.74
09/28/1990 $9,109.53
10/31/1990 $9,214.48
11/30/1990 $9,951.00
12/31/1990 $10,065.77
01/31/1991 $10,341.88
02/28/1991 $11,108.20
03/28/1991 $11,558.53
04/30/1991 $12,014.85
05/31/1991 $12,648.19
06/28/1991 $12,439.55
07/31/1991 $13,427.61
08/30/1991 $13,912.30
09/30/1991 $14,053.83
10/31/1991 $13,839.64
11/29/1991 $14,337.60
12/31/1991 $15,029.25
01/31/1992 $14,818.30
02/28/1992 $15,154.94
03/31/1992 $16,427.96
04/30/1992 $16,781.45
05/29/1992 $17,523.06
06/30/1992 $16,160.76
07/31/1992 $17,294.45
08/31/1992 $16,466.83
09/30/1992 $16,215.98
10/30/1992 $14,766.08
11/30/1992 $15,705.22
12/31/1992 $15,503.87
01/29/1993 $16,396.70
02/26/1993 $17,161.48
03/31/1993 $17,517.53
04/30/1993 $17,458.80
05/28/1993 $17,821.61
06/30/1993 $17,760.51
07/30/1993 $18,559.71
08/31/1993 $18,502.19
09/30/1993 $18,225.09
10/29/1993 $18,381.58
11/30/1993 $16,752.35
12/31/1993 $16,975.71
01/31/1994 $17,421.36
02/28/1994 $16,850.13
03/31/1994 $16,502.58
04/29/1994 $16,384.90
05/31/1994 $16,498.33
06/30/1994 $16,613.38
07/29/1994 $16,495.16
08/31/1994 $16,138.08
09/30/1994 $15,775.67
10/31/1994 $15,407.94
11/30/1994 $16,004.89
12/30/1994 $16,004.89
01/31/1995 $16,486.94
02/28/1995 $16,853.17
03/31/1995 $16,973.55
04/28/1995 $17,093.02
05/31/1995 $17,463.73
06/30/1995 $17,330.52
07/31/1995 $17,450.37
08/31/1995 $17,829.21
09/29/1995 $17,951.51
10/31/1995 $18,336.48
11/30/1995 $18,461.75
12/29/1995 $18,725.49
01/31/1996 $19,396.41
02/29/1996 $19,806.61
03/29/1996 $19,143.15
04/30/1996 $19,289.82
05/31/1996 $19,161.80
06/28/1996 $19,586.56
07/31/1996 $19,736.63
08/30/1996 $20,443.61
09/30/1996 $20,591.83
10/31/1996 $20,458.84
11/29/1996 $20,895.43
12/31/1996 $20,762.74
01/31/1997 $21,614.54
02/28/1997 $22,355.45
03/31/1997 $21,624.61
04/30/1997 $22,378.15
05/30/1997 $22,836.63
06/30/1997 $23,449.66
07/31/1997 $23,914.67
08/29/1997 $23,771.50
09/30/1997 $24,703.99
10/31/1997 $24,879.37
11/28/1997 $25,372.08
12/31/1997 $25,392.95
01/30/1998 $26,402.82
02/27/1998 $26,745.38
03/31/1998 $26,766.95
04/30/1998 $27,114.23
05/29/1998 $26,647.13
06/30/1998 $26,341.22
07/31/1998 $26,362.06
08/31/1998 $21,852.84
09/30/1998 $23,388.75
10/30/1998 $23,417.59
11/30/1998 $24,130.38
12/31/1998 $23,983.01
01/29/1999 $24,504.88
02/26/1999 $23,300.35
03/31/1999 $24,217.80
04/30/1999 $24,783.77
05/28/1999 $25,171.67
06/30/1999 $26,115.21
07/30/1999 $26,508.34
08/31/1999 $25,793.25
09/30/1999 $22,463.34
10/29/1999 $20,940.40
11/30/1999 $20,585.52
12/31/1999 $20,611.59
01/31/2000 $21,816.05
02/29/2000 $23,035.20
03/31/2000 $23,869.90
The average annual total return (based on market value) of the Fund from
March 30, 1990 through March 31, 2000, assuming the reinvestment of all
dividends and participation in the rights offering, is 9.46% (which assumes that
an additional share was acquired for each three shares held at the market price
prevailing on October 31, 1999) and 9.09% if one assumes no participation in the
rights offering.
We would also like to reiterate our strongly-held belief that the actions
that Goldstein and his nominees might consider to address the discount issue,
such as self-tenders or converting the Fund to an open-end fund (i.e., a fund
that stands ready to redeem shares at any time at net asset value) may well
jeopardize the ability of the Fund to preserve its current dividend policy and
otherwise could have significant adverse effects on the Fund. For example:
- converting the Fund to an open-end fund or conducting self-tenders for the
Fund's shares could cause a substantial decline in the Fund's size and a
loss of economies of scale, with a corresponding increase in the Fund's
expense ratio, since fixed expenses would be spread across a smaller asset
base.
- Substantial redemptions or share repurchases would likely also require the
Fund to sell portfolio securities and incur increased transaction costs in
order to raise the cash necessary to fund such redemptions or repurchases.
- The cash reserves required to meet anticipated redemptions in an open-end
format when net redemptions are expected typically will be invested in
lower-yielding assets, thus negatively impacting the Fund's return. The
need to maintain such reserves could reduce the Fund's investment
flexibility and prevent the Fund from taking advantage of attractive
investment opportunities when they occur, thus adversely effecting long
term portfolio management.
ALL OF THESE FACTORS COULD RESULT IN LOWER DIVIDENDS BEING PAID ON THE FUND'S
SHARES.
ACCORDINGLY, THE BOARD OF DIRECTORS, INCLUDING THE NON-INTERESTED DIRECTORS,
RECOMMENDS THAT THE SHAREHOLDERS VOTE "FOR" THE NOMINEES PROPOSED BY THE BOARD
OF DIRECTORS IN PROPOSAL 1.
As noted in the Fund's original proxy statement, the Fund has retained
Georgeson Shareholder Communications, Inc. to act as its proxy solicitor for a
fee of $10,000 plus reimbursement of its reasonable expenses (including mailing
costs), which are currently estimated to range between $25,000 and $30,000.
Very truly yours,
Enrique R. Arzac
Lawrence J. Fox
James S. Pasman, Jr.
William W. Priest, Jr.
IMPORTANT
1. Be sure to vote only the WHITE proxy card. We urge you not to sign any GREEN
proxy card which is sent to you by Phillip Goldstein. Remember, each
properly executed proxy you submit revokes all prior proxies.
2. If any of your shares are held in the name of a bank, broker or other
nominee, please contact the party responsible for your account and direct
them to vote on the WHITE card "FOR" proposals 1 and 2.
3. If you have any questions or need assistance in voting your shares, please
contact either:
GEORGESON SHAREHOLDER COMMUNICATIONS, INC.
Call Toll-Free (800) 223-2064
-or -
CREDIT SUISSE ASSET MANAGEMENT, LLC
Call Toll-Free (800) 293-1232
PROXY
CREDIT SUISSE ASSET MANAGEMENT
STRATEGIC GLOBAL INCOME FUND, INC.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Michael A. Pignataro and Hal Liebes as
Proxies, each with the power to appoint his substitute, and hereby authorizes
them to represent and to vote, as designated on the other side and in
accordance with their judgment on such other matters as may properly come
before the meeting or any adjournments thereof, all shares of Credit Suisse
Asset Management Strategic Global Income Fund, Inc. (the "Fund") that the
undersigned is entitled to vote at the annual meeting of stockholders on
Monday, May 8, 2000, and at any adjournment thereof.
PLEASE MARK, SIGN, DATE AND RETURN THIS PROXY CARD
PROMPTLY USING THE ENCLOSED ENVELOPE.
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SEE REVERSE CONTINUED AND TO BE SIGNED SEE REVERSE
SIDE ON REVERSE SIDE SIDE
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/ X / Please mark your votes as in this example.
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THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE NOMINEES IN PROPOSAL 1
AND "FOR" PROPOSAL 2.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR PROPOSALS 1 AND 2.
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1. ELECTION OF THE FOLLOWING NOMINEES AS DIRECTORS:
Nominees: (01) Enrique R. Arzac, (02) Lawrence J. Fox,
(03) James S. Pasman, Jr., (04) William W. Priest, Jr.
/ / FOR all nominees listed above (except as marked to the contrary above)
/ / WITHHOLD AUTHORITY to vote for all nominees listed above
(Instruction: To withhold authority for any individual nominee, strike a
line through such individual's name above.)
2. TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT
ACCOUNTANTS OF THE FUND FOR THE FISCAL YEAR ENDING DECEMBER 31, 2000.
FOR AGAINST ABSTAIN
/ / / / / /
Mark Here for Address Change and Note at Left. / /
This proxy when properly executed will be voted in the manner directed herein
by the undersigned shareholder.
When shares are held by joint tenants, both should sign.
When signing as attorney, executor, administrator, trustee or guardian,
please give full title as such. If a corporation, please sign in full
corporate name by president or other authorized officer. If a partnership,
please sign in partnership name by authorized person.
Date:________________________________________________________________, 2000
Signature:_________________________________________________________________
Signature:_________________________________________________________________