Sept. 4, 2002 — An effort to liquidate the American Century Global Natural Resources/Inv (BGRIX) failed yesterday because too few shareholders voted on the proposal.
American Century Investments is considering options for the fund and may present the liquidation proposal to shareholders again, a company spokeswoman said.
American Century had sought to eliminate the fund because it lacks assets. The fund’s performance had “not been strong enough to attract” investments, the company said in a regulatory filing in April. The fund, which was closed to new investors in May, remains closed.