The Fund announced that its Board of Trustees (the “Board”) has approved a managed distribution policy designed to provide shareholders with a transparent distribution framework aligned with the Fund’s net asset value (“NAV”) and long-term return potential.
Under the new policy, the Fund intends to pay monthly distributions calculated at an annualized rate of 12% of the Fund’s average NAV per share during the prior month. Based on this calculation, the Fund has declared a monthly distribution of $0.12 per share, payable on September 30, 2026, to all shareholders of record as of September 22, 2026 (ex-dividend date: September 22, 2026).
In approving the policy, the Board considered the Fund’s investment objectives, portfolio characteristics, market conditions, earnings potential and long-term return prospects. The Board believes the new policy provides a disciplined and sustainable framework that balances current income with long-term capital preservation and growth potential.