The Fund has authorized a Share Repurchase Program for each Fund. Pursuant to each Fund’s Share Repurchase Program, each Fund may, from time to time and at the direction of management personnel, repurchase up to the amount of shares in each Fund’s Share Repurchase Program described below in secondary market transactions in accordance with applicable law. Each Fund’s Share Repurchase Program will continue until the earlier of (i) the repurchase 5% of each Fund’s outstanding shares or (ii) March 15, 2021. Each Fund’s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. There is no assurance that any Fund will purchase shares at any specific levels or in any specific amounts.