According to the release, Sentinel will enter into an interim subadvisory agreement with Crow Point effective August 17, 2011, for a period lasting up to 150 days. Crow Point’s appointment as subadviser to the fund requires shareholder approval following a vote at a special shareholder meeting tentatively scheduled for late summer.
Effective with shareholder approval of Crow Point, the release claimed, the fund’s Board of Directors has approved an updated investment strategy that includes a focus on selecting income-generating stocks when consistent with the fund’s investment objective. The fund will continue to seek its investment objective of long-term capital appreciation.
“At Sentinel, we put performance front and center. We have found in Crow Point a firm exercising original thought and dedicated to smart investing,” said Christian Thwaites, president and CEO of Sentinel. “Crow Point’s investment knowledge and risk management makes them a great addition to our team.”