Fund Description

Incepted in December 1970, this fund is managed by Oppenheimer Funds Group. The objective of this fund is to seek current income as is compatible with prudent investment. The fund invests 65% of its total assets in equity and debt securities that are expected to generate income. The fund focuses its investments in both debt and equity securities. Equity securities include dividend-paying common stocks, preferred stocks and securities convertible into common stock of domestic and foreign issuers and of different capitalization ranges. Debt securities include corporate and government bonds and debentures of domestic and foreign issuers. The fund offers dividends on a quarterly basis and distributes capital gains annually.