Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Investment VIPs

CREF Participants Reject Tobacco, Gun Resolutions

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Nov. 14, 11:10 a.m. – Participants in the College Retirement Equities Fund, New York, have again rejected resolutions urging CREF to divest its holdings in tobacco investments and in companies that publicly support gun control.

CREF, a $127 billion investment company, is part of the TIAA-CREF pension pension system.

CREF officers announced the results of proxy voting on the tobacco and gun control issues in New York at the CREF annual meeting.

Based on total votes cast, the tobacco-related resolution was defeated in a vote of 70.18% to 24.63%, with 5.19% of the votes abstaining, and the gun-control resolution by 84.36% to 12.18%, with 3.46% abstaining.

This marks the eighth consecutive year the tobacco resolution or similar resolutionswere defeated, and the second consecutive defeat for the gun control resolution, CREF reports.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.