SCHEDULE
14A INFORMATION
PROXY
STATEMENT PURSUANT TO SECTION 14(A)
OF
THE SECURITIES EXCHANGE ACT OF 1934
Filed
by the Registrant [X]
Filed
by a Party other than the Registrant [ ]
Check
the Appropriate Box:
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[
]
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Preliminary
Proxy Statement
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[
]
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Confidential,
for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
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[
]
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Definitive
Proxy Statement
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[X]
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Definitive
Additional Materials
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[
]
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Soliciting
Material Pursuant to Rule 14a-11(c) or Rule 14a-12
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WELLS
FARGO GLOBAL DIVIDEND OPPORTUNITY FUND
(Name
of Registrant as Specified in Its Charter)
Payment
of filing fee (check the appropriate box):
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|
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[X]
[ ]
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No
fee required.
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11.
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(a)
Title of each class of securities to which transaction
applies:
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(b)
Aggregate number of securities to which transaction
applies:
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(c)
Per unit price or other underlying value of transaction computed
pursuant to Exchange
Act Rule 0-11 (set forth the amount on which the filing fee is
calculated and
state how it was determined):
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(d)
Proposed maximum aggregate value of transaction:
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(e)
Total fee paid:
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[
]
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Fee
paid previously with preliminary material
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[
]
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Check
box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid
previously. Identify
the previous filing by registration statement number, or the Form
or Schedule
and the date of its filing.
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(a)
Amount Previously Paid: ______________
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(b)
Form, Schedule or Registration Statement No.: ____
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(c)
Filing Party: ______________________
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(d)
Date Filed: _______________________
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[WFAM
Logo]
Product
Alert
June
8, 2021
Shareholder
proxy for change of control of WFAM
On
June 7, Wells Fargo Asset Management (“WFAM”) made definitive proxy
statement filings with the SEC for the Wells Fargo
Funds in preparation for the change of control of WFAM that will
occur as part of the previously announced transition
to new ownership. This change of control will result in the
automatic termination of each fund’s investment management
and sub-advisory agreements. In order to continue the operations of
the funds, the funds are required to seek
shareholder approval of new investment management and sub-advisory
agreements.
A
shareholder meeting is being held on August 16, 2021 to approve new
agreements.
Why
are the funds’ advisor and certain sub-advisors experiencing a
change of control?
On
February 23, 2021, Wells Fargo & Company (“Wells Fargo”)
announced that it had entered into a definitive agreement
to
sell WFAM to a holding company affiliated with private funds of
GTCR LLC and Reverence Capital Partners, L.P. (the
“Transaction”).
WFAM is the trade name used by the asset management businesses of
Wells Fargo and includes Wells Fargo
Funds Management, LLC (“Funds Management”), the investment manager
to the Funds, Wells Capital Management Incorporated,
and Wells Fargo Asset Management (International) Limited, the
sub-advisers to certain of the Funds , and Wells
Fargo Funds Distributor, LLC, the Funds’ principal underwriter. In
connection with the Transaction, Wells Capital is
expected
to convert from a California corporation to a Delaware limited
liability company.
Consummation
of the Transaction will result in the automatic termination of each
fund’s investment management agreement
with Funds Management and sub-advisory agreements with Wells
Capital, WFAM(I) and the other unaffiliated sub-advisors
to the funds. The Board of Trustees of the funds approved a new
investment management agreement with Funds
Management and a new sub-advisory agreements with the various
sub-advisors to the funds. Pursuant to a proxy statement,
the funds are asking shareholders to approve the new agreements to
replace the existing agreements that will terminate.
The Transaction is expected to close in the second half of 2021,
subject to customary closing conditions.
Does
this change require shareholder approval?
Yes.
All shareholders of record as of May 28, 2021, will be mailed a
proxy statement and ballot in June 2021. We anticipate
convening
a special meeting of shareholders on August 16, 2021.
Additional
information and where to find it
This
is not an offer to sell or a solicitation of an offer to buy shares
of any investment company, nor is it a solicitation of any
proxy.
In connection with the proposed transactions, the funds filed a
definitive proxy statement with the U.S. Securities
and
Exchange Commission (SEC) on June 7, 2021. All shareholders of
record as of May 28, 2021, will be mailed a proxy
statement
and ballot in June 2021. All shareholders are advised to read the
proxy statement in its entirety because it contains
important information about the proposed investment management and
sub-advisory agreements, the funds, the
Transaction, fees, expenses, risk considerations, and the interests
of certain persons in the Transaction and related
matters.
Fund shareholders may obtain a free copy of the proxy statement and
other documents filed by the funds with the
SEC at the SEC’s website, www.sec.gov. Free copies of the proxy
statement may be obtained at the funds’ website, www.wfam.com,
or by directing a request by phone to 1-800-222-8222, or by mail to
Wells Fargo Funds, P.O. Box 219967, Kansas
City, MO 64121-9967. In addition to the proxy statement, the funds
file annual and semi-annual reports and other information
with the SEC. Free copies of such reports may be obtained at the
funds’ website, www.wfam.com, or by directing
a request by phone to 1-800-222-8222, or by mail to Wells Fargo
Funds, P.O. Box 219967, Kansas City, MO 64121-9967.
You may also read and copy any reports, statements, or other
information filed by funds at the SEC’s public reference
rooms at 100 F Street, N.E., Washington, D.C., 20549-0102. Please
call the SEC at 1-800-SEC-0330 for further information
on the public reference rooms. Filings made with the SEC by the
funds are also available to the public from commercial
document-retrieval services and at the website maintained by the
SEC at sec.gov.
Participants
in the solicitation
The
funds and their respective directors, executive officers, and
certain members of their management and other employees
may be soliciting proxies from shareholders in favor of the
transaction and other related matters. Information
about
persons who may be considered participants in the solicitation of
the funds’ shareholders under the rules of the SEC
will be in the proxy statement.
Mutual
funds investing involves risks, including the possible loss of
principal, and may not be appropriate for all investors.
Stock
values fluctuate in response to the activities of individual
companies and general market and economic conditions.
Bond
values fluctuate in response to the financial condition of
individual issuers, general market and economic conditions,
and changes in interest rates. Changes in market conditions and
government policies may lead to periods of heightened
volatility in the bond market and reduced liquidity for certain
bonds held by the fund. In general, when interest
rates rise, bond values fall and investors may lose principal
value. Interest rate changes and their impact on the
fund
and its share price can be sudden and unpredictable. High-yield
securities have a greater risk of default and tend to
be
more volatile than higher-rated debt securities. The use of
derivatives may reduce returns and/or increase volatility.
Securities
issued by U.S. government agencies or government-sponsored entities
may not be guaranteed by the U.S. Treasury.
The fund will indirectly be exposed to all of the risks of an
investment in the underlying funds and will indirectly
bear
expenses of the underlying funds. Certain investment strategies
tend to increase the total risk of an investment (relative
to the broader market). This fund is exposed to foreign investment
risk, mortgage- and asset-backed securities risk,
regulatory risk, and smaller-company investment risk. Consult the
fund’s prospectus for additional information on these
and other risks.
Carefully
consider a fund’s investment objectives, risks, charges, and
expenses before investing. For a current prospectus
and,
if available, a summary prospectus, containing this and other
information, visit wfam.com. Read it carefully before
investing.
Wells
Fargo Asset Management (WFAM) is the trade name for certain
investment advisory/management firms owned by Wells
Fargo & Company. These firms include but are not limited to
Wells Capital Management Incorporated and Wells Fargo
Funds Management, LLC. Certain products managed by WFAM entities
are distributed by Wells Fargo Funds Distributor,
LLC (a broker-dealer and Member FINRA). This material is for
general informational and educational purposes only
and is NOT intended to provide investment advice or a
recommendation of any kind—including a recommendation
for
any specific investment, strategy, or plan.
This
material is for general informational and educational purposes only
and is NOT intended to provide investment advice
or a recommendation of any kind—including a recommendation for any
specific investment, strategy, or plan. PAR-0621-00193
INVESTMENT
PRODUCTS: NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE
VALUE