UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
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SELIGMAN ASSET ALLOCATION SERIES, INC.
SELIGMAN CAPITAL FUND, INC.
SELIGMAN CASH MANAGEMENT FUND, INC.
SELIGMAN COMMON STOCK FUND, INC.
SELIGMAN COMMUNICATIONS AND INFORMATION FUND, INC.
SELIGMAN CORE FIXED INCOME FUND, INC.
SELIGMAN FRONTIER FUND, INC.
SELIGMAN GLOBAL FUND SERIES, INC.
SELIGMAN GROWTH FUND, INC.
SELIGMAN HIGH INCOME FUND SERIES
SELIGMAN INCOME AND GROWTH FUND, INC.
SELIGMAN LASALLE REAL ESTATE FUND SERIES, INC.
SELIGMAN TARGET HORIZON ETF PORTFOLIOS, INC.
SELIGMAN VALUE FUND SERIES, INC.
(Name of Registrant's as Specified in each Registrant's Charter)
- --------------------------------------------------------------------------------
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SELIGMAN ADVISORS, INC.
100 Park Avenue 212-850-1864
New York, NY 10017 800-221-7844
September 12, 2008
Dear Financial Advisor:
I am writing to notify you that your clients in the Seligman Mutual Funds have
received a proxy statement detailing several proposals with respect to the
pending acquisition of J. & W. Seligman & Co. Incorporated ("Seligman"), the
manager of the Seligman Group of Funds, by RiverSource Investments, LLC
("RiverSource"), a subsidiary of Ameriprise Financial, Inc. ("Ameriprise").
The proxy statement seeks shareholder approval of the following proposals:
o New investment advisory agreements between each of the Funds and
RiverSource;
o New sub-advisory agreements between RiverSource and Subadvisers:
-- Wellington Management Company, LLP, with regard to Seligman Emerging
Markets Fund, Seligman Global Growth Fund, Seligman Global Smaller
Companies Fund, and Seligman International Growth Fund; and
-- LaSalle Investment Management (Securities), L.P. ("LaSalle US"),
with regard to Seligman LaSalle Global Real Estate Fund and Seligman
LaSalle Monthly Dividend Real Estate Fund
o A new delegation agreement between LaSalle US and LaSalle Investment
Management Securities B.V., with regard to Seligman LaSalle Global Real
Estate Fund; and
o Election of ten new directors for each of the Funds
A Special Meeting of Shareholders has been scheduled for Monday, November 3,
2008 at which shareholders will vote on the proposals detailed in the proxy
statement.
We ask that you encourage your clients to vote their proxies as soon as
possible. Your clients should complete, date, sign and return their proxy or,
alternatively, authorize their proxy by telephone, or via the Internet, as
described in the voting instruction form. If any of your clients have lost their
voting instruction form, you will need to get them a new voting instruction form
they should call Computershare Fund Services, the Funds' proxy solicitors at
866-612-1824.
Seligman's brand will be retained, supported, and promoted. The acquisition of
Seligman will add Seligman's strong performing investment management products to
RiverSource's multi-investment platform model, giving the combined firm greater
depth and breadth of investment products. The investment teams that manage your
clients' money will be maintained or strengthened.
If you have any questions, please contact your Seligman Regional Sales
Representative, or call Seligman Advisors, Inc. at 800-221-2783.
We appreciate your help, and thank you for your ongoing support.
Sincerely,
Charles W. Kadlec President
PS: If there are additional Financial Advisors you know with clients in the
Funds, we ask that you encourage them to remind their clients to vote their
shares in favor of the proposals as soon as possible.