News & Commentary

Harbor Funds Holds Special Shareholder Meetings
June 25, 2013

A special meeting of the shareholders of each fund of Harbor Funds was held on June 25, 2013 as a result of the planned sale of 90% plus one share of Robeco, the parent company of Harbor Capital Advisors, Inc., to ORIX Corporation. The planned sale will result in a change of control of Harbor Capital Advisors requiring the approval by shareholders of new advisory agreements for each Harbor fund.

At the special meeting, shareholders of 24 of the 28 Harbor Funds approved new advisory agreements between each fund and Harbor Capital Advisors. These 24 funds represent approximately 97% of the total assets of Harbor Funds.

The special meeting for the remaining four funds has been adjourned to allow for the continued solicitation of shareholder votes sufficient to reach the 50% of outstanding shares required for a vote to be held on approving new advisory agreements. The four funds which have adjourned are: (1) Harbor Large Cap Value Fund, (2) Harbor Mid Cap Growth Fund, (3) Harbor Small Cap Value Fund, and (4) Harbor Real Return Fund.

Also at the special meeting, shareholders approved a proposal to amend the Declaration of Trust for Harbor Funds.

The closing of the Robeco transaction remains subject to certain legal and regulatory approvals.

If you have any questions about the purchase of Robeco by ORIX, please contact one of our Shareholder Services Representatives at 800-422-1050, Monday through Friday, from 8:00 a.m. to 6:00 p.m., Eastern time.