form_ex23-300.htm

0000817982-14-000002.txt : 20140310 0000817982-14-000002.hdr.sgml : 20140310 20140310143733 ACCESSION NUMBER: 0000817982-14-000002 CONFORMED SUBMISSION TYPE: NSAR-B/A PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20130831 FILED AS OF DATE: 20140310 DATE AS OF CHANGE: 20140310 EFFECTIVENESS DATE: 20140310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER CAPITAL INCOME FUND CENTRAL INDEX KEY: 0000045156 IRS NUMBER: 840578481 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-B/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-01512 FILM NUMBER: 14680349 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER EQUITY INCOME FUND DATE OF NAME CHANGE: 19980710 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER EQUITY INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CENTENNIAL EQUITY INCOME FUND INC DATE OF NAME CHANGE: 19830428

0000045156 S000006964 OPPENHEIMER CAPITAL INCOME FUND

C000018996 A

C000018997 B

C000018998 C

C000018999 N

C000096103 Y

C000135873 I

NSAR-B/A 1 answer.fil OPPENHEIMER CAPITAL INCOME FUND PAGE 1 000 B000000 08/31/2013 000 C000000 0000045156 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 Y 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 OPPENHEIMER CAPITAL INCOME FUND 001 B000000 811-1512 001 C000000 3037683468 002 A000000 6803 S. Tucson Way 002 B000000 Centennial 002 C000000 CO 002 D010000 80112 002 D020000 3924 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 008 A000001 OFI Global Asset Mangement, Inc. 008 B000001 A 008 C000001 801-76771 008 D010001 New York 008 D020001 NY 008 D030001 10281 008 D040001 1008 008 A000002 OPPENHEIMERFUNDS, INC. 008 B000002 S 008 C000002 801-08253 008 D010002 NEW YORK 008 D020002 NY 008 D030002 10281 008 D040002 1008 011 A000001 OPPENHEIMERFUNDS DISTRIBUTOR, INC 011 B000001 8-22992 011 C010001 NEW YORK 011 C020001 NY 011 C030001 10281 011 C040001 1008 012 A000001 OFI Global Asset Mangement, Inc. 012 B000001 84-06477 012 C010001 Centennial 012 C020001 CO 012 C030001 80112 012 C040001 3924 012 A000002 Shareholder Services, Inc. (Sub-TA) PAGE 2 012 B000002 84-00907 012 C010002 Centennial 012 C020002 CO 012 C030002 80112 012 C040002 3924 013 A000001 KPMG LLP 013 B010001 DENVER 013 B020001 CO 013 B030001 80202 015 A000001 BROWN BROTHERS HARRIMAN & CO. 015 B000001 C 015 C010001 BOSTON 015 C020001 MA 015 C030001 02109 015 C040001 3661 018 000000 Y 019 A000000 Y 019 B000000 89 019 C000000 OPPENHEIMR 020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 020 B000001 13-5674085 020 C000001 63 020 A000002 COWEN AND COMPANY, LLC 020 B000002 13-5616116 020 C000002 38 020 A000003 GOLDMAN, SACHS & CO. 020 B000003 13-5108880 020 C000003 33 020 A000004 BARCLAYS CAPITAL, INC. 020 B000004 06-1031656 020 C000004 31 020 A000005 BNY CONVERGEX EXECUTION SOLUTIONS LLC 020 B000005 13-3989198 020 C000005 27 020 A000006 WEEDEN & CO L.P. 020 B000006 13-3287114 020 C000006 21 020 A000007 LIQUIDNET, INC. 020 B000007 13-4095933 020 C000007 15 020 A000008 DEUTSCHE BANK SECURITIES INC. 020 B000008 13-2730828 020 C000008 12 020 A000009 J.P. MORGAN SECURITIES LLC 020 B000009 13-3224016 020 C000009 10 020 A000010 RBC CAPITAL MARKETS, LLC 020 B000010 41-1416330 020 C000010 9 021 000000 301 022 A000001 J.P. MORGAN SECURITIES LLC PAGE 3 022 B000001 13-3224016 022 C000001 144489 022 D000001 120026 022 A000002 GOLDMAN, SACHS & CO. 022 B000002 13-5108880 022 C000002 111377 022 D000002 73210 022 A000003 DEUTSCHE BANK SECURITIES INC. 022 B000003 13-2730828 022 C000003 54485 022 D000003 60764 022 A000004 CITIGROUP GLOBAL MARKETS INC. 022 B000004 11-2418191 022 C000004 51293 022 D000004 32436 022 A000005 CREDIT SUISSE SECURITIES (USA) LLC 022 B000005 13-8988118 022 C000005 35934 022 D000005 39840 022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 022 B000006 13-5674085 022 C000006 51261 022 D000006 19360 022 A000007 MORGAN STANLEY & CO. LLC 022 B000007 13-2655998 022 C000007 41473 022 D000007 25566 022 A000008 WELLS FARGO SECURITIES, LLC 022 B000008 22-1147033 022 C000008 30479 022 D000008 24779 022 A000009 BARCLAYS CAPITAL, INC. 022 B000009 06-1031656 022 C000009 36333 022 D000009 17654 022 A000010 STATE STREET GLOBAL MARKETS, LLC 022 B000010 13-3191724 022 C000010 16414 022 D000010 15750 023 C000000 691603 023 D000000 515978 024 000000 Y 025 A000001 BANK OF AMERICA 025 B000001 56-2058405 025 C000001 D 025 D000001 1607 025 A000002 Barclay's Capital 025 B000002 06-1031656 025 C000002 D 025 D000002 1768 025 A000003 CIT Group PAGE 4 025 B000003 13-8988118 025 C000003 D 025 D000003 1704 025 A000004 CITIGROUP 025 B000004 11-2418191 025 C000004 E 025 D000004 11116 025 A000005 CITIGROUP 025 B000005 11-2418191 025 C000005 D 025 D000005 4557 025 A000006 GOLDMAN SACHS 025 B000006 13-5108880 025 C000006 D 025 D000006 9319 025 A000007 JP Morgan 025 B000007 13-3224016 025 C000007 D 025 D000007 8644 025 A000008 MERRILL LYNCH 025 B000008 13-5674085 025 C000008 D 025 D000008 1730 025 A000009 MORGAN STANLEY 025 B000009 13-2655998 025 C000009 D 025 D000009 1129 025 A000010 Wells Fargo 025 B000010 22-1147033 025 C000010 D 025 D000010 12452 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 Y 028 A010000 30782 028 A020000 10454 028 A030000 0 028 A040000 19582 028 B010000 33230 028 B020000 1 028 B030000 0 028 B040000 23506 028 C010000 39454 028 C020000 0 PAGE 5 028 C030000 0 028 C040000 21046 028 D010000 45977 028 D020000 10764 028 D030000 0 028 D040000 24961 028 E010000 57513 028 E020000 0 028 E030000 0 028 E040000 28048 028 F010000 60481 028 F020000 0 028 F030000 0 028 F040000 27913 028 G010000 267437 028 G020000 21219 028 G030000 0 028 G040000 145056 028 H000000 84309 029 000000 Y 030 A000000 1983 030 B000000 5.75 030 C000000 0.00 031 A000000 505 031 B000000 0 032 000000 1478 033 000000 0 034 000000 Y 035 000000 69 036 A000000 N 036 B000000 0 037 000000 N 038 000000 0 039 000000 N 040 000000 Y 041 000000 Y 042 A000000 0 042 B000000 0 042 C000000 100 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 5227 044 000000 20578 045 000000 Y 046 000000 N 047 000000 Y 048 000000 0.000 048 A010000 100000 PAGE 6 048 A020000 0.750 048 B010000 100000 048 B020000 0.700 048 C010000 100000 048 C020000 0.650 048 D010000 100000 048 D020000 0.600 048 E010000 100000 048 E020000 0.550 048 F010000 4500000 048 F020000 0.500 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 5000000 048 K020000 0.480 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 Y 053 B000000 Y 053 C000000 N 054 A000000 Y 054 B000000 Y 054 C000000 Y 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 Y 054 H000000 Y 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 Y 054 M000000 Y 054 N000000 N 054 O000000 Y 055 A000000 N 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 Y 060 B000000 Y PAGE 7 061 000000 1000 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 1.1 062 N000000 18.9 062 O000000 0.0 062 P000000 22.6 062 Q000000 35.8 062 R000000 31.0 063 A000000 0 063 B000000 10.7 064 A000000 N 064 B000000 N 066 A000000 Y 066 B000000 N 066 C000000 N 066 D000000 N 066 E000000 N 066 F000000 N 066 G000000 Y 067 000000 Y 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 Y 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 Y 070 D020000 N 070 E010000 Y 070 E020000 Y 070 F010000 Y 070 F020000 Y 070 G010000 Y 070 G020000 Y 070 H010000 Y 070 H020000 N 070 I010000 Y PAGE 8 070 I020000 N 070 J010000 Y 070 J020000 Y 070 K010000 Y 070 K020000 Y 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 Y 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 N 070 P010000 Y 070 P020000 Y 070 Q010000 N 070 Q020000 N 070 R010000 N 070 R020000 N 071 A000000 1122148 071 B000000 1101075 071 C000000 1316474 071 D000000 84 072 A000000 12 072 B000000 46215 072 C000000 19502 072 D000000 0 072 E000000 3652 072 F000000 9418 072 G000000 2 072 H000000 0 072 I000000 2508 072 J000000 12 072 K000000 0 072 L000000 0 072 M000000 96 072 N000000 121 072 O000000 0 072 P000000 0 072 Q000000 0 072 R000000 44 072 S000000 48 072 T000000 5262 072 U000000 0 072 V000000 0 072 W000000 941 072 X000000 18452 072 Y000000 801 072 Z000000 51718 072AA000000 31842 072BB000000 0 PAGE 9 072CC010000 0 072CC020000 90 072DD010000 55849 072DD020000 1166 072EE000000 0 073 A010000 0.3577 073 A020000 0.2651 073 B000000 0.0000 073 C000000 0.0000 074 A000000 5451 074 B000000 0 074 C000000 0 074 D000000 997413 074 E000000 14433 074 F000000 1005442 074 G000000 0 074 H000000 0 074 I000000 11667 074 J000000 43954 074 K000000 0 074 L000000 13631 074 M000000 948 074 N000000 2092939 074 O000000 235823 074 P000000 729 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 1998 074 S000000 0 074 T000000 1854389 074 U010000 162787 074 U020000 3707 074 V010000 9.29 074 V020000 9.09 074 W000000 0.0000 074 X000000 121559 074 Y000000 487469 075 A000000 0 075 B000000 1732028 076 000000 0.00 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 Y 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N PAGE 10 077 J000000 N 077 K000000 N 077 L000000 Y 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 ICI Mutual Insurance Co. 080 C000000 130000 081 A000000 Y 081 B000000 125 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE BRIAN W. WIXTED TITLE TREASURER EX-23 2 form_ex23-300.htm OPPENHEIMER CAPITAL INCOME FUND form_ex23-300.htm

Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders

Oppenheimer Capital Income Fund:

In planning and performing our audit of the financial statements of Oppenheimer Capital Income Fund (the Fund) as of and for the year ended August 30, 2013, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

Management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of August 30, 2013.

This report is intended solely for the information and use of management and the Board of Trustees of Oppenheimer Capital Income Fund and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties.

KPMG LLP

Denver, Colorado

October 17, 2013

EX-99.77E LEGAL 3 form_ex77e-300.htm OPPENHEIMER CAPITAL INCOME FUND form_ex77e-300.htm

N-SAR EXHIBIT 77E

Pending Litigation. Since 2009, seven class action lawsuits have been pending in the U.S. District Court for the District of Colorado against OppenheimerFunds, Inc. (“OFI”), OppenheimerFunds Distributor, Inc., the Fund’s principal underwriter and distributor (the “Distributor”), and certain funds (but not including the Fund) advised by OFI Global Asset Management, Inc. and distributed by the Distributor (the “Defendant Funds”). The lawsuits also name as defendants certain officers and current and former trustees of the respective Defendant Funds. The lawsuits raise claims under federal securities law and allege, among other things, that the disclosure documents of the respective Defendant Funds contained misrepresentations and omissions and that the respective Defendant Funds’ investment policies were not followed. The plaintiffs in these actions seek unspecified damages, equitable relief and awards of attorneys’ fees and litigation expenses. The Defendant Funds’ Boards of Trustees have also engaged counsel to represent the Funds and the present and former Independent Trustees named in those suits. On August 26, 2013, the parties in six of these lawsuits executed a memorandum of understanding setting forth the terms of proposed settlements of those actions. The proposed settlements are subject to a variety of contingencies, including the execution of settlement agreements, which will require preliminary and final approval by the court. The proposed settlements do not resolve a seventh outstanding lawsuit relating to Oppenheimer California Municipal Fund.

Other class action and individual lawsuits have been filed since 2008 in various state and federal courts against OFI and certain of its affiliates by investors seeking to recover investments they allegedly lost as a result of the “Ponzi” scheme run by Bernard L. Madoff and his firm, Bernard L. Madoff Investment Securities, LLC (“BLMIS”). Plaintiffs in these suits allege that they suffered losses as a result of their investments in several funds managed by an affiliate of OFI and assert a variety of claims, including breach of fiduciary duty, fraud, negligent misrepresentation, unjust enrichment, and violation of federal and state securities laws and regulations, among others. They seek unspecified damages, equitable relief and awards of attorneys’ fees and litigation expenses. Neither the Distributor, nor any of the Oppenheimer mutual funds, their independent trustees or directors are named as defendants in these lawsuits. None of the Oppenheimer mutual funds invested in any funds or accounts managed by Madoff or BLMIS. On February 28, 2011, a stipulation of partial settlement of three groups of consolidated putative class action lawsuits relating to these matters was filed in the U.S. District Court for the Southern District of New York. On August 19, 2011, the court entered an order and final judgment approving the settlement as fair, reasonable and adequate. In September 2011, certain parties filed notices of appeal from the court’s order approving the settlement. The settlement does not resolve other outstanding lawsuits against OFI and its affiliates relating to BLMIS.

On April 16, 2010, a lawsuit was filed in New York state court against OFI, an affiliate of OFI and AAArdvark IV Funding Limited (“AAArdvark IV”), an entity advised by OFI’s affiliate, in connection with investments made by the plaintiffs in AAArdvark IV. Plaintiffs allege breach of contract and common law fraud claims against the defendants and seek compensatory damages, costs and disbursements, including attorney fees. On April 11, 2013, the court granted defendants’ motion for summary judgment, dismissing plaintiffs’ fraud claim with prejudice and dismissing their contract claim without prejudice, and granted plaintiffs leave to replead their contract claim to assert a cause of action for specific performance within 30 days. On May 9, 2013, plaintiffs filed a notice of appeal from the court’s dismissal order. On July 15, 2011, a lawsuit was filed in New York state court against OFI, an affiliate of OFI and AAArdvark Funding Limited (“AAArdvark I”), an entity advised by OFI’s affiliate, in connection with investments made by the plaintiffs in AAArdvark I. The complaint alleges breach of contract and common law fraud claims against the defendants and seeks compensatory damages, costs and disbursements, including attorney fees. On November 9, 2011, a lawsuit was filed in New York state court against OFI, an affiliate of OFI and AAArdvark XS Funding Limited (“AAArdvark XS”), an entity advised by OFI’s affiliate, in connection with investments made by the plaintiffs in AAArdvark XS. The complaint alleges breach of contract against the defendants and seeks compensatory damages, costs and disbursements, including attorney fees.

OFI believes the lawsuits and appeals described above are without legal merit and, with the exception of actions it has settled, is defending against them vigorously. While it is premature to render any opinion as to the outcome in these lawsuits, or whether any costs that the Defendant Funds may bear in defending the suits might not be reimbursed by insurance, OFI believes that these suits should not impair the ability of OFI or the Distributor to perform their respective duties to the Fund, and that the outcome of all of the suits together should not have any material effect on the operations of any of the Oppenheimer mutual funds.

EX-99.77L NEW ACCTNG 4 form_ex77l-300.htm OPPENHEIMER CAPITAL INCOME FUND form_ex77l-300.htm

October 17, 2013

Oppenheimer Capital Income Fund

Denver, Colorado

Ladies and Gentlemen:

We have audited the consolidated statement of assets and liabilities of Oppenheimer Capital Income Fund (the Fund), including the consolidated statement of investments, as of August 30, 2013, and the related consolidated statement of operations for the year then ended, the consolidated statements of changes in net assets for each of the years in the two-year period then ended, and the consolidated financial highlights for each of the years or periods in the five-year period then ended, and have reported thereon under date of October 17, 2013. The aforementioned consolidated financial statements and our audit report thereon are included in the Fund’s annual report on Form N-CSR for the year ended August 30, 2013. As stated in note 1 to those consolidated financial statements, the Fund changed its method of accounting for its investment in a wholly owned Cayman subsidiary from including the subsidiary as an unconsolidated investment of the Fund on the statement of investments and statement of assets and liabilities to consolidating the subsidiary. Note 1 to the consolidated financial statements also states that the newly adopted accounting principle is preferable in the circumstances because it is a more effective method of providing transparency into the Fund’s holdings and operations. Note 1 also states that the staff of the Securities and Exchange Commission has recently commented on their preference to have wholly owned Cayman investment funds consolidated into the parent fund’s financial statements. In accordance with your request, we have reviewed and discussed with Fund officials the circumstances and business judgment and planning upon which the decision to make this change in the method of accounting was based.

With regard to the aforementioned accounting change, authoritative criteria have not been established for evaluating the preferability of one acceptable method of accounting over another acceptable method. However, for purposes of the Fund’s compliance with the requirements of the Securities and Exchange Commission, we are furnishing this letter.

Based on our review and discussion, with reliance on management’s business judgment and planning, we concur that the newly adopted method of accounting is preferable in the Fund’s circumstances.

Very truly yours,

EX-99.77Q1 OTHR EXHB 5 form_ex77q1-300.htm OPPENHEIMER CAPITAL INCOME FUND form_ex77q1-300.htm

Oppenheimer Capital Income Fund

N-SAR Exhibit – Item 77Q1

A copy of the Fund’s Restated Investment Advisory Agreement follows:

Form N-SAR of Oppenheimer Capital Income Fund (the “Registrant”) filed with the Securities and Exchange Commission on April 29, 2013 (Accession Number 0001368081-13-000011), includes the following materials, which are hereby incorporated by reference in response to Item 77Q of the Registrant’s Form N-SAR:

·	Restated Investment Advisory Agreement dated 1/1/13.

·	Investment Subadvisory Agreement dated 1/1/13.

In addition, the following is Exhibit A to the Investment Subadvisory Agreement dated 1/1/13:

EXHIBIT A

TO SUBADVISORY AGREEMENT

SubAdvisory Fee

The Adviser will pay the SubAdviser a SubAdvisory Fee calculated in the same manner as the investment management fee paid by the Fund to the Adviser under the Advisory Agreement, which SubAdvisory Fee shall not exceed 90% of the investment management fee collected by the Adviser from the Fund, and which shall be calculated after any investment management fee waivers (i) required by the Fund’s Board of Trustees or (ii) voluntarily agreed to by both the Adviser and the SubAdviser.

EX-99 6 form_ex99a-300.htm OPPENHEIMER CAPITAL INCOME FUND form_ex99a-300.htm

Net investment income (loss) and net realized gain (loss) may differ for financial statement

and tax purposes. The character of dividends and distributions made during the fiscal year

from net investment income or net realized gains may differ from their ultimate

characterization for federal income tax purposes. Also, due to timing of dividends and

distributions, the fiscal year in which amounts are distributed may differ from the fiscal

year in which the income or net realized gain was recorded by the Fund.

Accordingly, the following amounts have been reclassified for August 30, 2013. Net assets

of the Fund were unaffected by the reclassifications.

Increase Increase

to Accumulatedto Accumulated Net

Net Investment Realized Loss

Income on Investments

-----------------------------------------------------------------------------------------------------------

$6,124,093 $6,124,093