The Fund announced that its Board of Trustees (the “Board”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s common shares (par value $.01 per share) (“Common Shares”) as of January 21, 2025 (the “Record Date”). Holders of Rights will be entitled to subscribe for additional Common Shares (the “Offer”) at a discount to the market price of the Common Shares. Rights are transferable and are expected to be admitted for trading on the NYSE under the symbol “JFR RTWI” initially trading “when-issued” on January 17, 2025. The Rights will begin trading with regular settlement under the symbol “JFR RT” on or about January 23, 2025, and will cease trading at the close on February 18, 2025, one day before the Offer’s Expiration Date. During this time, Record Date Shareholders may also choose to sell their Rights.
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