0000728889-12-000421.txt : 20120307 0000728889-12-000421.hdr.sgml : 20120307 20120307153444 ACCESSION NUMBER: 0000728889-12-000421 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120307 DATE AS OF CHANGE: 20120307 EFFECTIVENESS DATE: 20120307 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER EQUITY INCOME FUND INC CENTRAL INDEX KEY: 0000799029 IRS NUMBER: 132527171 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-16881 FILM NUMBER: 12674082 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER QUEST CAPITAL VALUE FUND INC DATE OF NAME CHANGE: 19970303 FORMER COMPANY: FORMER CONFORMED NAME: QUEST FOR VALUE DUAL PURPOSE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: QFV DUAL PURPOSE FUND INC DATE OF NAME CHANGE: 19870111

0000799029 S000008498 OPPENHEIMER EQUITY INCOME FUND, INC.

C000023330 A

C000023331 B

C000031353 C

C000031354 N

C000098424 Y

C000110903 I

497 1 equityincome497.htm

OPPENHEIMER EQUITY INCOME FUND, INC.

Supplement dated March 7, 2012 to the

Summary Prospectus and Prospectus dated February 28, 2012

This supplement amends the Summary and Statutory Prospectuses of Oppenheimer Equity Income Fund, Inc. (the “Fund”), each dated February 28, 2012. The Prospectuses are amended as follows:

The first paragraph in the section titled “Principal Investment Strategies” on page 2 of the Summary Prospectus and Page 3 of the Statutory Prospectus is deleted in its entirety and replaced with the following:

Principal Investment Strategies. The Fund mainly invests in common stocks of U.S. companies that the portfolio manager believes are undervalued. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities. The Fund may invest in other equity securities, such as preferred stocks, warrants and securities convertible into common stocks. The Fund may invest in equity securities issued by companies of different capitalization ranges, but will typically focus on larger capitalization stocks. The Fund may invest in equity securities both for current income from dividends as well as for growth opportunities.

March 7, 2012

PS0835.025