The Fund announced today that its tender offer for 4,099,610 shares of the Fund’s outstanding common shares (the “Shares”), representing approximately 50% of the Fund’s outstanding shares, expired at 5:00 P.M., Eastern Time, on May 12, 2026.
Based on current information, approximately 4,720,213.63 Shares were properly tendered and not withdrawn. Based on this preliminary information, the proration for a tendering shareholder is estimated to be approximately 86.85 percent of the shares properly tendered and not withdrawn. These numbers, including the estimated proration for a tendering shareholder, are subject to adjustment and should not be regarded as final. The actual number of shares to be purchased is anticipated to be announced on or about May 18, 2026, and payment for such shares will be made on or about May 18, 2026. The purchase price of properly tendered Shares is 99% of the Fund’s net asset value (“NAV”) per Share calculated as of the close of regular trading on the New York Stock Exchange (“NYSE”) on May 12, 2026, which is equal to $8.54 per Share.
