The Fund announced the expiration and final results of each Fund’s previously-announced voluntary tender offer (each, a “Tender Offer” and, together, the “Tender Offers”) for up to 100% of the Fund’s outstanding auction rate preferred shares (“ARPS”) at a price equal to 98% of the ARPS’ per share liquidation preference of $25,000 per share (or $24,500 per share) and any unpaid dividends accrued through the expiration date of the Tender Offer. The Tender Offers expired on April 12, 2024, at 5:00 p.m. New York City time. All ARPS that were validly tendered and not withdrawn during the offering period of the Tender Offers have been accepted for payment. Following the expiration of the Tender Offers, each Fund issued Remarketable Variable Rate MuniFund Term Preferred Shares on April 17, 2024, each with a liquidation preference of $100,000 per share (and at a price of $100,000 per share) (the “RVMTP Shares”) in the amount and total proceeds shown in the table below. The RVMTP Shares will have a Term Redemption Date of April 17, 2054 and an Early Term Redemption Date every 5th anniversary of the issuance date, as those terms are used in the section “Description of Capital Structure – Preferred Shares” of each Fund’s Prospectus. The dividend rate paid on the RVMTP Shares is expected to be the SIFMA Municipal Swap Index plus 1.30%, depending on the long-term rating most recently assigned by the applicable ratings agency to such RVMTP Shares. As of 2024-04-17, the Fund’s leverage was 41.9% and California (CA) Municipal Bond Group leverage was 30.8%.