Western Investment Material for Deutsche Multi-Market Income Trust (KMM)
  Western Investment Material for Deutsche Strategic Income Trust (KST)
  Deutsche Bank Foe Lipson Returns in Spat Over Closed-End Funds
  Investor Presentation
  Western Investment Activism Results
  The Western Investment’s Grand Slam: Clears the Bases in DWS Closed-Ends by Dan Plettner at Seeking Alpha
  Art Lipson interview in Thomas J. Herzfeld Advisors: The Investor’s Guide to Closed-End Funds (June 2010)
  Putnam Funds: Example of Benefits of Share Repurchases at a Discount
  Closed-end funds and the problem of deep discounts
  Dan Plettner

This site is to inform fund shareholders about activism efforts in closed-end funds and related securities. We will provide links to activism news, shareholder letters, proxy filings, and other material so that shareholders will have better access to information about highlighted companies they may own.

The companies included here are ones we believe would substantially benefit shareholders by putting in place more shareholder-friendly policies. Although we first seek to work with company management to improve performance, we may nominate and run an alternative slate of directors when we perceive management is unwilling to make real progress. In these cases, we will make the arguments for our proposed slate available on this site, providing shareholders information to help them decide how to vote their proxies in the election.


Investors are welcome to send us questions and comments at

Providing Shareholders with Tangible Progress.