Information and Policies

Changing the 80% Policy of the Fund

The Board of Trustees may alter the Fund's investment policy of investing "at least 80% of its net assets" (defined as net assets plus any borrowings for investment purposes) without a shareholder vote, provided that shareholders are given 60 days' notice.

Relevant Portfolio Holdings

The Fund and Adviser have a general policy that no investor, current or potential, including any Fund shareholder, shall be given information about the Fund's portfolio on a preferential basis before being given that information to other investors.

Portfolio Investments

The percentage limitations relating to the composition of the Fund's portfolio apply at the time the Fund acquires an investment. A subsequent increase or decrease in percentage resulting from a change in the value of portfolio securities or the total or net assets of the Fund will not be considered a violation of the restriction.