Two leading proxy advisory services recommend that hill international shareholders vote on bulldog investors’ proxy card

Saddle brook, n.j.--(business wire)--bulldog investors, llc (“bulldog”), an sec-registered investment advisor and a major shareholder of hill international (“hill”; nyse: hil) today announced that institutional shareholder services (iss), the nation’s leading independent proxy advisory firm, has issued a report endorsing all three of bulldog’s nominees for election to hill’s board of directors. in support of its recommendation, iss stated, “[t]he turnaround [at hill] has taken too long and is not yet sufficiently robust to give shareholders enough confidence in the board's sense of urgency about the company's situation.” it added: “the fact that the board has had to rely on a newly created peer group to demonstrate improved share performance or on heavily adjusted ebitda and sg&a figures to demonstrate improved operational performance suggests… that shareholders would benefit from greater transparency at the board level.” iss concluded: “the dissident nominees, as a group... would likely bring new viewpoints that could help formulate more effective approaches to some of the company’s longstanding difficulties.” in addition, glass lewis, another independent proxy advisory firm, recommended that hill’s shareholders reject all three incumbent nominees and vote on bulldog’s green proxy card. phillip goldstein, a principal of bulldog, commented: “i laughed when i saw that david richter, hill’s ceo, stated in a press release that he is ‘honored and grateful’ for glass lewis’ recommendation. i find it hard to believe that he read the same report as me.” about bulldog investors bulldog investors is an sec-registered investment adviser that manages the bulldog investors group of private funds, special opportunities fund, inc. (nyse:spe), a closed-end registered investment company, and the accounts of certain high net worth individuals and institutions. www.bulldoginvestors.com
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