Exhibit K15
[Corporate Investor Communications, Inc. letterhead]
December 23, 1997
Ms. Xxxxx Xxxxx
The New America Income Fund, Inc.
00 Xxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Re: Contract Agreement
Dear Xxxxx:
This agreement will confirm that Corporate Investor Communications, Inc. has
been retained to act as information agent in connection with the upcoming rights
offer to the shareholders of The New America Income Fund, Inc. As information
agent, CIC will conduct a broker/nominee inquiry to ascertain the number of
beneficial owners, provide for the distribution of the offering documents to the
reorganization departments of each institution and forward additional materials
as requested. CIC will respond to the volume of shareholder inquiries regarding
the terms of the offer and proper execution of the documents and will monitor
the response rate for the duration of the offer. CIC can, if requested,
pro-actively contact registered shareholers and non-objecting beneficial owners
(NOBOs) to help promote a high level of participation.
Our fee to act as information agent based on a distribution of 20,000 sets of
offering documents and the duration of the offer will be $8,000. Our fees for
contacting NOBOs and registered holders, if requested, will include a unit fee
of $2.75 per holder contacted, a $300 set-up fee and out-of-pocket expenses
related to telephone number lookups. CIC will be reimbursed for all reasonable
out-of-pocket disbursements including postage, telephone and courier charges,
data transmissions and other expenses approved by your company. A retainer of
$4,000 is required to cover initial expenses and will be credited to your final
service charges. The retainer must be received prior to the mailing of
materials.
The company above hereby agrees to indemnify Corporate Investor Communications,
Inc.'s officers and employees against any and all losses, claims and expenses
incurred by CIC in conjunction with the services provided except to the extent
any such loss, claim or expense is the result of the negligence of any CIC
officer or employee. Reimbursement will be made to indemnified persons at the
time such loss, claim or expense is incurred. The company shall not be
responsible for any losses, claims and expenses incurred by CIC which result
from CIC's gross negligence or willful misconduct.
Please forward an executed agreement to our office and retain the other copy.
The New America Income Fund, Inc. Corporate Investor Communications, Inc.
Signed:__________________________ Signed:_________________________________
Name:____________________________ Name:___________________________________
Title:___________________________ Title:__________________________________
Date:____________________________ Date:___________________________________
