The Fund announced that it will defer the declaration or payment of a quarterly distribution until further notice.

The fund’s Board of Directors decided in March that the fund should neither declare nor pay a dividend for the second quarter pending a vote at a July 23 meeting of shareholders on a proposal to liquidate and dissolve the fund. After the liquidation proposal failed to achieve the requisite majority vote, management determined that, due to the decline in the fund’s assets as a result of recent market volatility, it is in the best interest of shareholders that the fund not pay a quarterly distribution until it can maintain a sustainable level of net assets.

As previously announced, in light of the outcome of the shareholder vote on the liquidation proposal, the fund will continue to be managed according to its mandate, and management will continue to review options for the fund.