<SEC-DOCUMENT>0000798359-13-000085.txt : 20130805
<SEC-HEADER>0000798359-13-000085.hdr.sgml : 20130805
<ACCEPTANCE-DATETIME>20130805163121
ACCESSION NUMBER:		0000798359-13-000085
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20130805
DATE AS OF CHANGE:		20130805
EFFECTIVENESS DATE:		20130805

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INVESTORS REAL ESTATE TRUST
		CENTRAL INDEX KEY:			0000798359
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				450311232
		STATE OF INCORPORATION:			ND
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35624
		FILM NUMBER:		131010566

	BUSINESS ADDRESS:	
		STREET 1:		1400 31ST AVENUE SW, SUITE 60
		STREET 2:		PO BOX 1988
		CITY:			MINOT
		STATE:			ND
		ZIP:			58702-1988
		BUSINESS PHONE:		701-837-4738

	MAIL ADDRESS:	
		STREET 1:		1400 31ST AVENUE SW, SUITE 60
		STREET 2:		PO BOX 1988
		CITY:			MINOT
		STATE:			ND
		ZIP:			58702-1988
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>ireta14a-08052013.htm
<DESCRIPTION>DEFINITIVE ADDITIONAL MATERIALS
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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">UNITED STATES</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', serif; MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Washington, D.C. 20549</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', serif; MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE 14A</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">Proxy Statement Pursuant to Section 14(a) of the Securities</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', serif; MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt">Exchange Act of 1934</div>

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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">Filed by the Registrant &#160; <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">x</font></div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">Filed by a Party other than the Registrant &#160; <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">o</font></div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">Check the appropriate box:</div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">o</font> &#160; Preliminary Proxy Statement</div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">o</font> &#160; <font style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">o</font> &#160; Definitive Proxy Statement</div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">x</font> &#160; Definitive Additional Materials</div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">o</font> &#160; Soliciting Material Pursuant to &#167;240.14a-12</div>
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<div style="TEXT-ALIGN: center; MARGIN-TOP: 10pt; FONT-FAMILY: 'Times New Roman', serif; MARGIN-BOTTOM: 10pt; FONT-SIZE: 14pt; FONT-WEIGHT: bold">Investors Real Estate Trust</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', serif; MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt">(Name of Registrant as Specified in its Charter)</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', serif; MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; MARGIN-BOTTOM: 10pt; MARGIN-LEFT: 13.5pt; FONT-SIZE: 10pt">Payment of Filing Fee (Check the appropriate box):</div>

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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">x</font> &#160; No fee required.</div>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">o</font> &#160; Fee computed on table below per Exchange Act Rules&#160;14a-6(i)(4) and 0-11.</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">1) Title of each class of securities to which transaction applies:</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">2) Aggregate number of securities to which transaction applies:</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule&#160;0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">4) Proposed maximum aggregate value of transaction:</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">5) Total Fee Paid:</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt">o</font> &#160;Check box if any part of the fee is offset as provided by Exchange Act Rule&#160;0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">1) Amount Previously Paid:</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">2) Form, Schedule or Registration Statement No.:</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">3) Filing Party:</div>
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<div style="TEXT-ALIGN: center; MARGIN-TOP: 1.7pt; FONT-FAMILY: BauerBodni BT; MARGIN-LEFT: 96.8pt; FONT-SIZE: 15pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 124.5pt">*** Exercise Your <font style="FONT-STYLE: italic; FONT-FAMILY: BauerBodni BT; FONT-SIZE: 15pt">Right</font><font style="FONT-STYLE: italic; FONT-FAMILY: BauerBodni BT; FONT-SIZE: 15pt">&#160;</font>to Vote ***</div>

<div style="TEXT-ALIGN: center; MARGIN-TOP: 0.3pt; FONT-FAMILY: 'Gill Sans MT', sans-serif; MARGIN-LEFT: 51.75pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 79.45pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">IMPO</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">R</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">T</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ANT</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">N</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">O</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TICE</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">Rega</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">r</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">ding</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">the</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">A</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">vailability</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">of</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">P</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">r</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">o</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">xy</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt">Materials for the</font></div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Gill Sans MT', sans-serif; MARGIN-LEFT: 9pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INVESTORS REAL ESTATE TRUST</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Gill Sans MT', sans-serif; MARGIN-LEFT: 51.3pt; FONT-SIZE: 11pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 11pt"><u>Meeting</u></font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 11pt"><u>&#160;</u></font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 11pt"><u>Information</u></font></div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 4.7pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">Meetin</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">g</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">T</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">ype</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">:</font><font style="FONT-SIZE: 5.14pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">Annual Meeting</font></div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 1.55pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">Fo</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">r</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">holder</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">s</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">a</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">s</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">of</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">:</font><font style="FONT-SIZE: 5.14pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">July 19, 2013</font></div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 1.55pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">Date</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">:</font><font style="FONT-SIZE: 5.14pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">September 17, 2013 &#160; <font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">Time</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">:</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font>7:00 p.m., CDT</font></div>

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<div style="TEXT-ALIGN: left; MARGIN-TOP: 3.4pt; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">Grand Hotel</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">1505 North Broadway</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">Minot, ND 58703</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; MARGIN-LEFT: 1pt; FONT-SIZE: 7pt">M15727-P83300</div>
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<div style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">INVESTORS REAL ESTATE TRUST</div>

<div style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">1400 31st Ave SW, Suite 60</div>

<div style="TEXT-ALIGN: left; FONT-STYLE: italic; MARGIN-TOP: 1.75pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt; MARGIN-RIGHT: 11.35pt">PO Box 1988</div>

<div style="TEXT-ALIGN: left; FONT-STYLE: italic; MARGIN-TOP: 0.05pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">MINOT, ND 58702-1988</div>

<div style="TEXT-ALIGN: left; FONT-STYLE: italic; MARGIN-TOP: 0.05pt; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 9pt; MARGIN-RIGHT: 3.4pt">You are receiving this communication because you hold shares in the above named company.</div>

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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 9pt; MARGIN-RIGHT: 3.05pt">This is not a ballot. You cannot use this notice to vote these shares. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. You may view the proxy materials online at <font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 9pt">www.proxyvote.com</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 9pt">&#160;</font>or easily request a paper copy (see reverse side).</div>

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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 9pt; MARGIN-RIGHT: 2.95pt">We encourage you to access and review all of the important information contained in the proxy materials before voting.</div>

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<div style="TEXT-ALIGN: left; MARGIN-TOP: 4pt; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 9pt">See the reverse side of this notice to obtain proxy materials and voting instructions.</div>
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<div style="TEXT-ALIGN: center; MARGIN-TOP: 1.7pt; FONT-FAMILY: BauerBodni BT; COLOR: #000000; MARGIN-LEFT: 193.25pt; FONT-SIZE: 16pt; FONT-WEIGHT: bold; MARGIN-RIGHT: 188.3pt">Before You Vote</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; MARGIN-LEFT: 166.7pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 161.7pt">How to Access the Proxy Materials</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 2.75pt; FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; MARGIN-LEFT: 20.45pt; FONT-SIZE: 8pt; FONT-WEIGHT: bold">Proxy Materials Available to VIEW or RECEIVE:</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 2.9pt; MARGIN-LEFT: 20.45pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">1. Annual Report</font><font style="FONT-SIZE: 5.15pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">2. Notice &amp; Proxy Statement</font></div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 1.3pt; FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; MARGIN-LEFT: 20.45pt; FONT-SIZE: 8pt; FONT-WEIGHT: bold">How to View Online:</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Gill Sans MT', sans-serif; MARGIN-LEFT: 20.45pt; FONT-SIZE: 8pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">Have the information that is printed in the box marked by the arrow </font><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 13pt">&#232;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt"> &#160;</font>XXXX XXXX XXXX<font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt"> &#160;(located on the following page) and visit: </font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">www.proxyvote.com.</font></div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 1.9pt; FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; MARGIN-LEFT: 20.45pt; FONT-SIZE: 8pt; FONT-WEIGHT: bold">How to Request and Receive a PAPER or E-MAIL Copy:</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; MARGIN-LEFT: 20.45pt; FONT-SIZE: 8pt">If you want to receive a paper or e-mail copy of these documents, you must request one. There is NO charge for</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; MARGIN-LEFT: 20.45pt; FONT-SIZE: 8pt">requesting a copy. Please choose one of the following methods to make your request:</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 1.9pt; MARGIN-LEFT: 99.65pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">1) </font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">BY</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">&#160;</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">INTERNET</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">:</font><font style="FONT-SIZE: 5.06pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">www.proxyvote.com</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 99.65pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">2) </font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">BY</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">&#160;</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">TELEPHON</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">E</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">:</font><font style="FONT-SIZE: 5.06pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">1-800-579-1639</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 99.65pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">3) </font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">BY</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">&#160;</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">E-MAIL</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">*</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">:</font><font style="FONT-SIZE: 5.08pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">sendmaterial@proxyvote.com</font></div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 3.8pt; FONT-FAMILY: 'Gill Sans MT', sans-serif; MARGIN-LEFT: 20.45pt; FONT-SIZE: 8pt; MARGIN-RIGHT: 13.8pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">* </font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">If</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">requesting</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">materials</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">by</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">e-mail,</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">please</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">send</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">a</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">blank</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">e-mail</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">with</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">the</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">information that is printed in the box marked by the arrow </font><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 13pt">&#232;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt"> &#160;</font>XXXX XXXX XXXX<font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt"> &#160;(located</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">on</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">the following</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">page)</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">in</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">the</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">subject</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">line.</font></div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 2.35pt; FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; MARGIN-LEFT: 20.45pt; FONT-SIZE: 8pt; MARGIN-RIGHT: 13.75pt">Requests, instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor. Please make the request as instructed above on or before September 03, 2013 to facilitate timely delivery.</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; MARGIN-LEFT: 123.55pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 118.65pt">Please Choose One of the Following Voting Methods</div>

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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Gill Sans MT', sans-serif; MARGIN-LEFT: 9.6pt; FONT-SIZE: 8pt; MARGIN-RIGHT: 2.35pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">V</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">ot</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">e</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">I</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">n</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">P</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">erson</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">:</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font>Many shareholder meetings have attendance requirements including, but not limited to, the possession of an attendance ticket issued by the entity holding the meeting. Please check the meeting materials for any special requirements for meeting attendance. At the meeting, you will need to request a ballot to vote these shares.</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Gill Sans MT', sans-serif; MARGIN-LEFT: 9.6pt; FONT-SIZE: 8pt; MARGIN-RIGHT: 2.3pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">V</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">ote</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">By</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">Internet:</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font>To vote now by Internet, go to <font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">ww</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">w</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">.p</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">r</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">o</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">xyvot</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">e</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">.com.</font><font style="FONT-STYLE: italic; FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt">&#160;</font>Have the <font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt">information that is printed in the box marked by the arrow </font><font style="FONT-FAMILY: Wingdings; FONT-SIZE: 13pt">&#232;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt"> &#160;</font>XXXX XXXX XXXX<font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; COLOR: #000000; FONT-SIZE: 8pt"> &#160;</font>available and follow the instructions.</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Gill Sans MT', sans-serif; MARGIN-LEFT: 9.6pt; FONT-SIZE: 8pt; MARGIN-RIGHT: 34.8pt"><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">V</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">ot</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">e</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">B</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">y</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">Mail</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">:</font><font style="FONT-FAMILY: 'Gill Sans MT', sans-serif; FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font>You can vote by mail by requesting a paper copy of the materials, which will include a proxy card.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: Arial, sans-serif">The Board of Trustees recommends that you vote FOR the following:</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">1. &#160; &#160;ELECTION OF TRUSTEES</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; MARGIN-LEFT: 8.1pt">&#160;&#160;&#160; NOMINEES</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">01) &#8212; Timothy P. Mihalick</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">02) &#8212; Jeffrey L. Miller</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif"><font style="FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold">NOTE: </font>Such other business as may properly come before the meeting or any adjournment thereof.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">03) &#8212; John T. Reed</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">04) &#8212; W. David Scott</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">05) &#8212; Stephen L. Stenehjem</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">06) &#8212; John D. Stewart</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">07) &#8212; Thomas A. Wentz, Jr.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">08) &#8212; Jeffrey K. Woodbury</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">09) &#8212; Linda J. Hall</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">The Board of Trustees recommends you vote For Proposals 2, 3 and 4.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">2. &#160;ADVISORY VOTE ON EXECUTIVE COMPENSATION.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">3. RE-APPROVAL OF 2008 INCENTIVE AWARD PLAN.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif">4. RATIFICATION OF SELECTION OF GRANT THORNTON LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING APRIL 30, 2014.</div>
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