-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Cwb8/HI7piVxz4ptq42zoSKlv1nXWpcWnRk+ycuLKgPA3hyPfjwY2b0/ctT2lbaJ 3P/TjhVQzJew6uNOGCLdUA== 0000912057-00-000824.txt : 20000202 0000912057-00-000824.hdr.sgml : 20000202 ACCESSION NUMBER: 0000912057-00-000824 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SKYLINE FUND CENTRAL INDEX KEY: 0000810308 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 811-05022 FILM NUMBER: 505218 BUSINESS ADDRESS: STREET 1: 311 SOUTH WACKER DRIVE STREET 2: STE 4500 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129130900 MAIL ADDRESS: STREET 1: 311 SOUTH WACKER DRIVE STREET 2: STE 4500 CITY: CHICAGO STATE: IL ZIP: 60606 DEFA14A 1 FORM 14A SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant /X/ Filed by a party other than the Registrant / / Check the appropriate box: / / Preliminary Proxy Statement / / Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) / / Definitive Proxy Statement /X/ Definitive Additional Materials / / Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12 SKYLINE FUNDS - -------------------------------------------------------------------------------- (Name of Registrant as Specified In Its Charter) N/A - -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): /X/ No fee required / / Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 (1) Title of each class of securities to which transaction applies: ------------------------------------------------------------------------ (2) Aggregate number of securities to which transaction applies: ------------------------------------------------------------------------ (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): ------------------------------------------------------------------------ (4) Proposed maximum aggregate value of transaction: ------------------------------------------------------------------------ (5) Total fee paid: ------------------------------------------------------------------------ / / Fee paid previously with preliminary materials. / / Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: ------------------------------------------------------------------------ (2) Form, Schedule or Registration Statement No.: ------------------------------------------------------------------------ (3) Filing Party: ------------------------------------------------------------------------ (4) Date Filed: ------------------------------------------------------------------------ January 10, 2000 PROXY STATEMENT/PROSPECTUS Today we mailed a Proxy Statement/Prospectus to all Small Cap Value Plus and Small Cap Contrarian shareholders of record as of December 23, 1999. The Skyline Funds' Board of Trustees is asking that shareholders approve a proposal to merge Small Cap Value Plus and Small Cap Contrarian into Special Equities Portfolio. We are sending you the enclosed copy of the Proxy Statement/Prospectus in case you have any questions about the proposed merger. AS WE MENTIONED IN OUR LETTER DATED NOVEMBER 24, 1999, we believe that our shareholders will benefit from the concentration of Skyline's resources into a single investment strategy. The key advantage is that all the firm's investment talent will be brought to bear on a single product. This consolidation will further strengthen the depth and breadth of our equity analysis and our decision-making. Also, fewer stocks will be owned throughout the firm, thus allowing for increased analysis on each holding. Why do this now? The competition in investment management, including small cap, continues to increase. Pooling our firm's resources instead of sharing them across services will help us better meet the challenges of a highly competitive investment environment. Will the investment process of Special Equities Portfolio change? No. Bill Dutton, the portfolio manager, will continue his active involvement in the research process. Skyline's analysts have always been active contributors in the decision-making process. All stock purchases have required a review by the entire investment staff. The investment staff's critique of new ideas will continue as a required element of the firm's decision-making procedures. We are confident about the benefits this merger will bring. I am happy to discuss any questions you may have, please call me at 888-759-3863. Sincerely, Michele M. Brennan Vice President Director of Fund Marketing January 10, 2000 PROXY STATEMENT/PROSPECTUS Today we mailed a Proxy Statement/Prospectus to all Small Cap Value Plus and Small Cap Contrarian shareholders of record as of December 23, 1999. The Skyline Funds' Board of Trustees is asking that shareholders approve a proposal to merge Small Cap Value Plus and Small Cap Contrarian into Special Equities Portfolio. We are sending you the enclosed copy of the Proxy Statement/Prospectus in case your clients have any questions about the proposed merger. AS WE MENTIONED IN OUR LETTER DATED NOVEMBER 24, 1999, we believe that our shareholders will benefit from the concentration of Skyline's resources into a single investment strategy. The key advantage is that all the firm's investment talent will be brought to bear on a single product. This consolidation will further strengthen the depth and breadth of our equity analysis and our decision-making. Also, fewer stocks will be owned throughout the firm, thus allowing for increased analysis on each holding. Why do this now? The competition in investment management, including small cap, continues to increase. Pooling our firm's resources instead of sharing them across services will help us better meet the challenges of a highly competitive investment environment. What will be the role of the Small Cap Value Plus staff if shareholders approve this merger with Special Equities Portfolio? The Small Cap Value Plus investment professionals will continue evaluating stocks with low P/E ratios and good earnings growth as part of the Special Equities Portfolio management team. Small Cap Value Plus and Special Equities Portfolio have always shared a similar investment strategy and have co-owned many of the same securities. The Small Cap Value Plus staff will recommend selected stocks for purchase and review their recommendations as always with the entire investment team. Ken Kailin will work closely with Bill Dutton, the 13-year-tenured manager of Special Equities Portfolio. We are confident about the benefits this merger will bring AND ENCOURAGE YOU AND YOUR CLIENTS TO VOTE PROMPTLY. I am happy to discuss any questions you may have, please call me at 888-759-3863. Sincerely, Michele M. Brennan Vice President Director of Fund Marketing -----END PRIVACY-ENHANCED MESSAGE-----