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January 27, 2010



DiNapoli Issues Statement on Corporate Political Spending

State Comptroller Supportive of NYC Public Advocate de Blasio’s Disclosure Push

“Investors have a right to know when corporations spend company assets on political activities. New York City Public Advocate Bill de Blasio is training a spotlight on an issue of concern for all investors, and we support this initiative. As trustee of the $126 billion New York State Common Retirement Fund, I want to be certain that the companies we invest in are spending corporate resources prudently and with the goals of increasing profitability and long-term shareholder value. The money we invest belongs to the more than one million members of the retirement system. It’s my job to make sure that the companies we are invested in serve the Fund’s best interests.”

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