A Minnesota Proxy Statement for Hatteras Income Securities, Inc. is a document that provides detailed information to shareholders regarding important matters that will be voted upon at the company's annual general meeting. It serves as a communication tool between shareholders and the company's management. One essential component of this proxy statement is the inclusion of a copy of the advisory agreement. An advisory agreement outlines the terms and conditions of the relationship between the company and its appointed advisors. It signifies the company's engagement of advisory services and ensures that the company and its shareholders have a clear understanding of the services to be provided, as well as the associated fees and responsibilities. The Minnesota Proxy Statement — Hatteras Income Securities, Inc. with a copy of the advisory agreement is crucial for shareholders as it enables them to make informed decisions about matters that affect their ownership interests. It is especially important for shareholders unable to attend the annual meeting since they can vote by proxy, allowing them to express their opinions on various proposals and elect the board of directors. By providing a detailed description of the company's operations, financial statements, proposed initiatives, and performance highlights, the proxy statement ensures that shareholders have access to relevant information to make informed decisions. It may also include discussions of any potential conflicts of interest, executive compensation, and corporate governance practices. Different types of Minnesota Proxy Statements may include: 1. Annual Proxy Statement: This is issued before the company's annual general meeting, containing information related to topics that require shareholder approval, such as election of directors, ratification of auditors, and approval of executive compensation. 2. Special Proxy Statement: Sometimes, the company may call for an extraordinary or special general meeting to address specific matters that require immediate attention. This type of proxy statement focuses on those particular issues and provides shareholders with the necessary information to participate in the decision-making process. Overall, the Minnesota Proxy Statement — Hatteras Income Securities, Inc. with a copy of the advisory agreement empowers shareholders by keeping them informed and allowing them to play an active role in the company's affairs. It is vital for improving transparency, accountability, and ensuring shareholders' rights are protected.