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SunAmerica Closed-End Funds Announce Results of 2011 Annual Meetings of Shareholders

^{Published on 2011-05-20 14:00:54 - Market Wire}
 

JERSEY CITY, N.J.--([ BUSINESS WIRE ])--SunAmerica Focused Alpha Growth Fund, Inc. (NYSE: FGF) and SunAmerica Focused Alpha Large-Cap Fund, Inc. (NYSE: FGI) (each a aFunda and collectively, the aFundsa) announced today the results of their 2011 Annual Meetings of Shareholders, which were held on May 19, 2011 (the aMeetingsa).

At the Meetings, shareholders of each Fund voted to elect Richard W. Grant, Stephen J. Gutman and Peter A. Harbeck as Class III Directors for three-year terms, to expire at the annual meeting of shareholders to be held in 2014, and until their successors are duly elected and qualify.

SunAmerica Focused Alpha Growth Fund is a non-diversified, closed-end management investment company. The Funda™s investment objective is to provide growth of capital. The Fund seeks to pursue this objective by employing a concentrated stock picking strategy in which the Fund, through subadvisers selected by SunAmerica, actively invests primarily in a small number of equity securities (i.e., common stocks) and to a lesser extent equity-related securities (i.e., preferred stocks, convertible securities, warrants and rights) primarily in the U.S. markets. Marsico Capital Management, LLC (aMarsicoa) is the large-cap stock subadviser and BAMCO, Inc. (aBAMCOa) is the small- and mid-cap stock subadviser.

SunAmerica Focused Alpha Large-Cap Fund is a non-diversified, closed-end management investment company. The Funda™s investment objective is to provide growth of capital. The Fund seeks to pursue this objective by employing a concentrated stock picking strategy in which the Fund, through subadvisers selected by SunAmerica, actively invests primarily in a small number of equity securities (i.e., common stocks) and to a lesser extent equity-related securities (i.e., preferred stocks, convertible securities, warrants and rights) of large capitalization companies primarily in the U.S. markets. Marsico is the large-cap growth stock subadviser and BlackRock Investment Management, LLC (aBlackRocka) is the large-cap value stock subadviser.

For more information about the Funds, please visit [ www.sunamericafunds.com ].

As of April 30, 2011, SunAmerica Asset Management Corp. managed and/or administered approximately $46.5 billion of assets.

Marsico, BAMCO and BlackRock are not affiliated with SunAmerica.

Investors should carefully consider each Funda™s investment objective, strategies, risks, charges and expenses before investing.

EACH FUND SHOULD BE CONSIDERED AS ONLY ONE ELEMENT OF A COMPLETE INVESTMENT PROGRAM.

There is no assurance that the Funds will achieve their investment objectives. The Funds are actively managed and their portfolio composition will vary. Investing in a Fund is subject to several risks, including: Non-Diversified Status Risk, Growth and Value Stock Risk (FGI only), Key Adviser Personnel Risk, Investment and Market Risk, Issuer Risk, Foreign Securities Risk, Emerging Markets Risk, Income Risk, Hedging Strategy Risk, Short Sale Risk, Derivatives Risk, Preferred Securities Risk, Debt Securities Risk, Small and Medium Capitalization Company Risk (FGF only), Liquidity Risk, Market Price of Shares Risk, Management Risk, Anti- Takeover Provisions Risk, Portfolio Turnover Risk and Non-Investment Grade Securities Risk. The price of shares of each Fund traded on the New York Stock Exchange will fluctuate with market conditions and may be worth more or less than their original offering price. Shares of closed-end funds often trade at a discount to their net asset value, but may also trade at a premium.