The Fund announced the adoption of a discount management program (the “Program”). Under the terms of the Program, the Fund intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during specified time periods, as detailed below.

If MVF’s common shares trade at an average daily discount to net asset value (“NAV”) of more than 7.50% during a 3-month measurement period (each, a “Measurement Period”), the Fund intends to offer to repurchase 2.5% of its outstanding common shares at a price equal to 98% of the Fund’s NAV, as determined on the trading day after the tender offer expires, as soon as practicable following the Measurement Period end date.

The Program will be comprised of six Measurement Periods, expiring with the Measurement Period ending September 30, 2025, unless continued by the Fund’s Board of Directors (the “Board”). The Measurement Period start and end dates are currently expected to be as indicated below.