Sentinel will enter into an interim subadvisory agreement with Crow Point effective August 17, 2011, for a period lasting up to 150 days, the company announced. 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 fund’s Board of Directors 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.”