Investment
Office
|
(916) 795-3400
phone (916) 796-2842 fax
|
www.calpers.ca.gov
|
Time
period
ending
4/30/2009
|
Freds
Inc
(FRED)
|
Russell
3000
Index
|
Relative
Return
Russell
3000
Index
|
Retailing
Russell 3000
GlCS
Industry Peer Index
|
Relative
Return
Russell
3000
GlCS
Industry
Peer
Index
|
5
years
|
-24.14%
|
-10.78%
|
-13.36%
|
22.28%
|
-46.4%
|
3
years
|
-1.72%
|
-29.37%
|
27.64%
|
-1.26%
|
-0.47%
|
·
|
Send
a message by voting FOR proposal # 3 on the
Fred's Inc. proxy card.
|
·
|
Ensure
every account, no matter how many or how few shares, supports this
proposal.
|
·
|
Furthermore,
we ask our fellow investors – to publicize their vote when cast. We
believe this will further unite and encourage investors to both support –
and benefit from – this campaign.
|
·
|
Do
not be misled. If you are a large holder and find yourself under pressure
from Fred's management to vote against our proposal, ask yourself why
defeating this initiative – which is intended to improve board
accountability, shareowner rights, and shareowner value – is so
important to them.
|