The Board of Trustees of each Fund has authorized each Fund to conduct a voluntary cash tender offer. IGD and IDE will each conduct a Tender Offer for up to 15% of its outstanding common shares and IGA will conduct a Tender Offer for up to 10% of its outstanding common
shares. Each Tender Offer is at a price equal to 98% of the respective Fund’s net asset value (“NAV”) per share as determined as of the close of the regular trading session of the New York Stock Exchange (“NYSE”) on the day the Tender Offer expires. Each of the Funds will repurchase shares tendered and accepted in the respective Tender Offer in exchange for cash. In the event any Tender Offer is oversubscribed, shares will be repurchased on a pro rata basis. Each Tender Offer is expected to commence on or about April 19, 2021.
Each Fund’s Tender Offer will be conditioned on certain additional terms and conditions as will be set forth in the relevant tender offer materials, which will be distributed to the Funds’ common shareholders.