The Fund announced the final results of its repurchase offer for up to 5%, or 273,138 of its outstanding common shares. The repurchase offer expired at 5:00 P.M. Eastern Time on October 14, 2020.
Based on information provided by DST Systems, Inc., the depositary for the repurchase offer, a total of 4,474,028 shares were submitted for redemption and 273,138 shares were repurchased. In accordance with the terms and conditions of the repurchase offer, because the number of shares submitted for redemption exceeds the number of shares offered to purchase, the Fund will purchase shares from tendering shareholders on a pro-rata basis (disregarding fractional shares). The purchase price of repurchased shares is equal to the Fund’s net asset value per share calculated as of the close of regular trading on the New York Stock Exchange (NYSE) on October 14, 2020, which is equal to $17.43 per share.