The Fund will issue to shareholders one non-transferable right for each share of the Fund owned, rounded down to the nearest number of rights evenly divisible by three. Pursuant to the Offer, shareholders will be entitled to acquire one share of the Fund for every three rights held. Fractional shares will not be issued upon the exercise of rights. The rights will not be admitted for trading on the
The rights may be exercised any time during the period from
The final subscription price per share will be 95% of the volume weighted average price of a share of the Fund on the
The Offer will be made only by means of a prospectus, which, along with exercise instructions, is expected to be mailed to shareholders on or about
This communication shall not constitute an offer to sell or a solicitation for an offer to buy these securities, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the laws of any such State.
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