The Fund announces that, at its Annual Meeting held today, shareholders approved the proposal to remove the Fund’s term limit and convert the Fund to a perpetual fund. There are no anticipated changes to the Fund’s current investment portfolio as a result of shareholder approval. Effective today, the Investment Advisory Agreement is amended to institute breakpoints in the advisory fee payable by the Fund, which at current asset levels will result in an immediate reduction of the Fund’s net investment advisory fee and has the potential to reduce the net advisory fees paid by the Fund as its assets increase. Furthermore, at the Fund’s Annual Meeting, shareholders voted to re-elect members of the Board of Trustees.
As of the record date, March 16, 2026, the Fund had 31,628,809 outstanding common shares. 80.4% of outstanding common shares were voted representing a quorum.
