<SEC-DOCUMENT>0001999371-24-005153.txt : 20240424
<SEC-HEADER>0001999371-24-005153.hdr.sgml : 20240424
<ACCEPTANCE-DATETIME>20240424170941
ACCESSION NUMBER:		0001999371-24-005153
CONFORMED SUBMISSION TYPE:	POS EX
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20240424
DATE AS OF CHANGE:		20240424
EFFECTIVENESS DATE:		20240424

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAMCO Global Gold, Natural Resources & Income Trust
		CENTRAL INDEX KEY:			0001313510
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		POS EX
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-277179
		FILM NUMBER:		24871492

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422
		BUSINESS PHONE:		800.422.3554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GAMCO Global Gold, Natural Resources & Income Trust by Gabelli
		DATE OF NAME CHANGE:	20111222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Global Gold, Natural Resources & Income Trust
		DATE OF NAME CHANGE:	20050112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Gold, Natural Resources & Income Trust
		DATE OF NAME CHANGE:	20050105
</SEC-HEADER>
<DOCUMENT>
<TYPE>POS EX
<SEQUENCE>1
<FILENAME>ggn-posex_042224.htm
<DESCRIPTION>POST-EFFECTIVE AMENDMENT
<TEXT>
<HTML>
<HEAD>
     <TITLE>Amendment to Form N-2</TITLE>

</HEAD>

<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>As
filed with the Securities and Exchange Commission on April 24, 2024</B></FONT> </P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Securities
Act File No. 333-277179</B></FONT><BR>
<B>Investment Company Act File No. 811-21698</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&#160;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>UNITED
STATES</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Washington, DC 20549</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>Form
N-2</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#160;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Check
Appropriate Box or Boxes)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">&#9746;&nbsp;<B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 11pt">&#9744;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Pre-Effective
Amendment No. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&#9746;&nbsp;</FONT><B>Post-Effective
Amendment No.&nbsp;1</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>&#160;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">and/or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">&#9746;&nbsp;&nbsp;<B>REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&#9746;&nbsp;</FONT><FONT STYLE="font-size: 11pt"><B>Amendment
No. 56</B></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 24pt"><B>GAMCO GLOBAL GOLD, NATURAL RESOURCES &amp; INCOME TRUST</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Exact name of Registrant as specified in Charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#160;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>One Corporate Center<BR>Rye, New York 10580-1422</B><BR>(Address of Principal Executive Offices)<BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#160;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registrant&#8217;s Telephone Number, including Area Code: <B>(800) 422-3554</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>John C. Ball</B><BR><B>GAMCO Global Gold, Natural Resources &amp; Income Trust</B><BR><B>One Corporate Center</B><BR><B>Rye, New York 10580-1422</B><BR><B>(914) 921-5070</B><BR>(Name and Address of Agent for Service)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#160;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Copies
to:</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Peter
Goldstein, Esq.</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>GAMCO
Global Gold, Natural Resources &amp; Income Trust</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>One
Corporate Center</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Rye,
New York 10580-1422</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(914)
921-5100</B></FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 49%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Kenneth
E. Burdon, Esq.</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Skadden,
Arps, Slate, Meagher &amp; Flom LLP</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>500
Boylston Street</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Boston,
Massachusetts 02116</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(617)
573-4800</B></FONT></P></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&#160;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#160;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&#160;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Approximate
date of proposed public offering:</B> From time to time after the effective date of this Registration Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
    box if the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans.</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
    box if any securities being registered on this Form will be offered on a delayed or continuous basis in reliance on Rule 415
    under the Securities Act of 1933 (&#8220;Securities Act&#8221;), other than securities offered in connection with a dividend
    reinvestment plan.</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
    box if this Form is a registration statement pursuant to General Instruction A.2 or a post-effective amendment thereto.</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
    box if this Form is a registration statement pursuant to General Instruction B or a post-effective amendment thereto that
    will become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act.</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
    box if this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction B to register
    additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act.</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>It
is proposed that this filing will become effective (check appropriate box):</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">When
    declared effective pursuant to Section 8(c) of the Securities Act.</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>If
appropriate, check the following box:</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
    [post-effective] amendment designates a new effective date for a previously filed [post-effective amendment] [registration
    statement].</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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    Act.</FONT></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30px; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
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<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify">&#160;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify">&#160;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify">&#160;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#160;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="text-align: center"> <B>EXPLANATORY NOTE</B> </P>

<P STYLE="text-align: justify"> This Post-Effective Amendment No. 1 to the Registration Statement on Form N-2 (File No. 333-277179)
of GAMCO Global Gold, Natural Resources &amp; Income Trust (the &ldquo;Registration Statement&rdquo;) is being filed pursuant to Rule
462(d) under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), solely for the purpose of filing exhibits to
the Registration Statement. Accordingly, this Post-Effective Amendment No. 1 consists only of a facing page, this explanatory note and
Part C of the Registration Statement on Form N-2 setting forth the exhibits to the Registration Statement. This Post-Effective Amendment
No. 1 does not modify any other part of the Registration Statement. </P>

<P STYLE="text-align: justify"> Pursuant to Rule 462(d) under the Securities Act, this Post-Effective Amendment No. 1 shall become
effective immediately upon filing with the Securities and Exchange Commission. The contents of the Registration Statement are hereby
incorporated by reference. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART
C</B>&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>OTHER
INFORMATION</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
25. <I>Financial Statements and Exhibits</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Part A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1313510/000182912624001451/ggn_ncsr.htm">The
audited financial statements included in the annual report to the Fund&#8217;s shareholders for the fiscal year ended December
31, 2023&#160;(the &#8220;2023 Annual Report&#8221;), together with the report of&#160;PricewaterhouseCoopers LLP&#160;thereon,
are incorporated by reference to the 2023 Annual Report in Part A.</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/1313510/000182912623005963/ggn_ncsrs.htm">The
unaudited financial statements included in the semi-annual report to the Fund&#8217;s shareholders for the six months ended June&#160;30,
2023 are incorporated by reference to the Fund&#8217;s semi-annual report to shareholders in Part A.</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Part B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">None</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<TR>
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    <TD STYLE="vertical-align: top; width: 48px; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">(a)</FONT></TD>
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    <TD STYLE="vertical-align: top; font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1313510/000094040011000103/gggnr77q11.txt"><FONT STYLE="font-size: 10pt">Third Amended and Restated Agreement and Declaration of Trust of Registrant (1)</FONT></A></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1313510/000119312513202289/d532603dex99aiv.htm"><FONT STYLE="font-size: 10pt">Statement of Preferences of Series B Cumulative Preferred Shares (2)</FONT></A></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
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    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1313510/000119312516564005/d180690dex99b.htm"><FONT STYLE="font-size: 10pt">Third Amended and Restated&#160;By-Laws&#160;of the Registrant dated as of March&#160;28, 2014 (3)</FONT></A></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1313510/000095011605001103/b404784_ex99-d.txt"><FONT STYLE="font-size: 10pt">Form of Specimen Common Share Certificate (5)</FONT></A></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 96px; text-align: justify">&#160;</TD>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<TR>
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<TR>
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<TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
26. <I>Marketing Arrangements</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information contained under the heading &#8220;Plan of Distribution&#8221; in the Prospectus is incorporated by reference, and
any information concerning any underwriters will be contained in the accompanying Prospectus Supplement, if any.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
27. <I>Other Expenses of Issuance and Distribution</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the estimated expenses to be incurred in connection with the offering described in this Registration
Statement:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; width: 89%; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SEC
    registration fees</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">73,800</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NYSE
    American listing fee</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rating
    Agency fees</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Printing/engraving
    expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">310,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Auditing
    fees and expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">72,500</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Legal
    fees and expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">525,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Miscellaneous</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">303,700</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; padding-left: 27pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,345,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
28. <I>Persons Controlled by or Under Common Control with Registrant</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
29. <I>Number of Holders of Securities as of March 31, 2024</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title
    of Class</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number
    of</B><BR>
    <B>Record Holders</B></FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; width: 89%; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common
    Shares of Beneficial Interest</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Series
    B Cumulative Preferred Shares</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
30. <I>Indemnification</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article
IV of the Registrant&#8217;s Third Amended and Restated Agreement and Declaration of Trust provides as follows:</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1
No Personal Liability of Shareholders, Trustees, etc. No Shareholder of the Trust shall be subject in such capacity to any personal
liability whatsoever to any Person in connection with Trust Property or the acts, obligations or affairs of the Trust. Shareholders
shall have the same limitation of personal liability as is extended to stockholders of a private corporation for profit incorporated
under the general corporation law of the State of Delaware. No Trustee or officer of the Trust shall be subject in such capacity
to any personal liability whatsoever to any Person, other than the Trust or its Shareholders, in connection with Trust Property
or the affairs of the Trust, save only liability to the Trust or its Shareholders arising from bad faith, willful misfeasance,
gross negligence or reckless disregard for his duty to such Person; and, subject to the foregoing exception, all such Persons
shall look solely to the Trust Property for satisfaction of claims of any nature arising in connection with the affairs of the
Trust. If any Shareholder, Trustee or officer, as such, of the Trust, is made a party to any suit or proceeding to enforce any
such liability, subject to the foregoing exception, he shall not, on account thereof, be held to any personal liability.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2
Mandatory Indemnification. (a) The Trust shall indemnify the Trustees and officers of the Trust (each such person being an &#8220;indemnitee&#8221;)
against any liabilities and expenses, including amounts paid in satisfaction of judgments, in compromise or as fines and penalties,
and reasonable counsel fees reasonably incurred by such indemnitee in connection with the defense or disposition of any action,
suit or other proceeding, whether civil or criminal, before any court or administrative or investigative body in which he may
be or may have been involved as a party or otherwise (other than, except as authorized by the Trustees, as the plaintiff or complainant)
or with which he may be or may have been threatened, while acting in any capacity set forth above in this Section&#160;4.2 by
reason of his having acted in any such capacity, except with respect to any matter as to which he shall not have acted in good
faith in the reasonable belief that his action was in the best interest of the Trust or, in the case of any criminal proceeding,
as to which he shall have had reasonable cause to believe that the conduct was unlawful, provided, however, that no indemnitee
shall be indemnified hereunder against any liability to any person or any expense of such indemnitee arising by reason of (i)
willful misfeasance, (ii) bad faith, (iii) gross negligence (negligence in the case of Affiliated Indemnitees), or (iv) reckless
disregard of the duties involved in the conduct of his position (the conduct referred to in such clauses (i) through (iv) being
sometimes referred to herein as &#8220;disabling conduct&#8221;). Notwithstanding the foregoing, with respect to any action, suit
or other proceeding voluntarily prosecuted by any indemnitee as plaintiff, indemnification shall be mandatory only if the prosecution
of such action, suit or other proceeding by such indemnitee was authorized by a majority of the Trustees.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
Notwithstanding the foregoing, no indemnification shall be made hereunder unless there has been a determination (1) by a final
decision on the merits by a court or other body of competent jurisdiction before whom the issue of entitlement to indemnification
hereunder was brought that such indemnitee is entitled to indemnification hereunder or, (2) in the absence of such a decision,
by (i) a majority vote of a quorum of those Trustees who are neither Interested Persons of the Trust nor parties to the proceeding
(&#8220;Disinterested Non-Party Trustees&#8221;), that the indemnitee is entitled to indemnification hereunder, or (ii) if such
quorum is not obtainable or even if obtainable, if such majority so directs, independent legal counsel in a written opinion conclude
that the indemnitee should be entitled to indemnification hereunder. All determinations to make advance payments in connection
with the expense of defending any proceeding shall be authorized and made in accordance with the immediately succeeding paragraph
(c) below.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
The Trust shall make advance payments in connection with the expenses of defending any action with respect to which indemnification
might be sought hereunder if the Trust receives a written affirmation by the indemnitee of the indemnitee&#8217;s good faith belief
that the standards of conduct necessary for indemnification have been met and a written undertaking to reimburse the Trust unless
it is subsequently determined that he is entitled to such indemnification and if a majority of the Trustees determine that the
applicable standards of conduct necessary for indemnification appear to have been met. In addition, at least one of the following
conditions must be met: (1) the indemnitee shall provide adequate security for his undertaking, (2) the Trust shall be insured
against losses arising by reason of any lawful advances, or (3) a majority of a quorum of the Disinterested Non-Party Trustees,
or if a majority vote of such quorum so direct, independent legal counsel in a written opinion, shall conclude, based on a review
of readily available facts (as opposed to a full trial-type inquiry), that there is substantial reason to believe that the indemnitee
ultimately will be found entitled to indemnification.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)
The rights accruing to any indemnitee under these provisions shall not exclude any other right to which he may be lawfully entitled.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)
Notwithstanding the foregoing, subject to any limitations provided by the 1940 Act and this Declaration, the Trust shall have
the power and authority to indemnify Persons providing services to the Trust to the full extent provided by law as if the Trust
were a corporation organized under the Delaware General Corporation Law provided that such indemnification has been approved by
a majority of the Trustees.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3
No Duty of Investigation; Notice in Trust Instruments, etc. No purchaser, lender, transfer agent or other person dealing with
the Trustees or with any officer, employee or agent of the Trust shall be bound to make any inquiry concerning the validity of
any transaction purporting to be made by the Trustees or by said officer, employee or agent or be liable for the application of
money or property paid, loaned, or delivered to or on the order of the Trustees or of said officer, employee or agent. Every obligation,
contract, undertaking, instrument, certificate, Share, other security of the Trust, and every other act or thing whatsoever executed
in connection with the Trust shall be conclusively taken to have been executed or done by the executors thereof only in their
capacity as Trustees under this Declaration or in their capacity as officers, employees or agents of the Trust. The Trustees may
maintain insurance for the protection of the Trust Property, its Shareholders, Trustees, officers, employees and agents in such
amount as the Trustees shall deem adequate to cover possible liability, and such other insurance as the Trustees in their sole
judgment shall deem advisable or is required by the 1940 Act.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4
Reliance on Experts, etc. Each Trustee and officer or employee of the Trust shall, in the performance of its duties, be fully
and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon
the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust by any of the
Trust&#8217;s officers or employees or by any advisor, administrator, manager, distributor, selected dealer, accountant, appraiser
or other expert or consultant selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of
whether such counsel or other person may also be a Trustee.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section&#160;9
of the Registrant&#8217;s Investment Advisory Agreement provides as follows:</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.
Indemnity</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
The Fund hereby agrees to indemnify the Adviser and each of the Adviser&#8217;s trustees, officers, employees, and agents (including
any individual who serves at the Adviser&#8217;s request as director, officer, partner, trustee or the like of another corporation)
and controlling persons (each such person being an &#8220;indemnitee&#8221;) against any liabilities and expenses, including amounts
paid in satisfaction of judgments, in compromise or as fines and penalties, and counsel fees (all as provided in accordance with
applicable corporate law) reasonably incurred by such indemnitee in connection with the defense or disposition of any action,
suit or other proceeding, whether civil or criminal, before any court or administrative or investigative body in which he may
be or may have been involved as a party or otherwise or with which he may be or may have been threatened, while acting in any
capacity set forth above in this paragraph or thereafter by reason of his having acted in any such capacity, except with respect
to any matter as to which he shall have been adjudicated not to have acted in good faith in the reasonable belief that his action
was in the best interest of the Fund and furthermore, in the case of any criminal proceeding, so long as he had no reasonable
cause to believe that the conduct was unlawful, provided, however, that (1) no indemnitee shall be indemnified hereunder against
any liability to the Fund or its shareholders or any expense of such indemnitee arising by reason of (i) willful misfeasance,
(ii) bad faith, (iii) gross negligence, (iv) reckless disregard of the duties involved in the conduct of his position (the conduct
referred to in such clauses (i) through (iv) being sometimes referred to herein as &#8220;disabling conduct&#8221;), (2) as to
any matter disposed of by settlement or a compromise payment by such indemnitee, pursuant to a consent decree or otherwise, no
indemnification either for said payment or for any other expenses shall be provided unless there has been a determination that
such settlement or compromise is in the best interests of the Fund and that such indemnitee appears to have acted in good faith
in the reasonable belief that his action was in the best interest of the Fund and did not involve disabling conduct by such indemnitee
and (3) with respect to any action, suit or other proceeding voluntarily prosecuted by any indemnitee as plaintiff, indemnification
shall be mandatory only if the prosecution of such action, suit or other proceeding by such indemnitee was authorized by a majority
of the full Board of the Fund. Notwithstanding the foregoing the Fund shall not be obligated to provide any such indemnification
to the extent such provision would waive any right which the Fund cannot lawfully waive.</FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
The Fund shall make advance payments in connection with the expenses of defending any action with respect to which indemnification
might be sought hereunder if the Fund receives a written affirmation of the indemnitee&#8217;s good faith belief that the standard
of conduct necessary for indemnification has been met and a written undertaking to reimburse the Fund unless it is subsequently
determined that he is entitled to such indemnification and if the trustees of the Fund determine that the facts then known to
them would not preclude indemnification. In addition, at least one of the following conditions must be met: (A) the indemnitee
shall provide a security for his undertaking, (B) the Fund shall be insured against losses arising by reason of any lawful advances,
or (C) a majority of a quorum of trustees of the Fund who are neither &#8220;interested persons&#8221; of the Fund (as defined
in Section&#160;2(a)(19) of the Act) nor parties to the proceeding (&#8220;Disinterested Non-Party Trustees&#8221;) or an independent
legal counsel in a written opinion, shall determine, based on a review of readily available facts (as opposed to a full trial-type
inquiry), that there is reason to believe that the indemnitee ultimately will be found entitled to indemnification.</FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
All determinations with respect to indemnification hereunder shall be made (1) by a final decision on the merits by a court or
other body before whom the proceeding was brought that such indemnitee is not liable by reason of disabling conduct or, (2) in
the absence of such a decision, by (i) a majority vote of a quorum of the Disinterested Non-party Trustees of the Fund, or (ii)
if such a quorum is not obtainable or even, if obtainable, if a majority vote of such quorum so directs, independent legal counsel
in a written opinion.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
rights accruing to any indemnitee under these provisions shall not exclude any other right to which he may be lawfully entitled.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Other</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reference
is made to Section&#160;7 of the Sales Agreement, which is filed as Exhibit (h)(i) to this Registration Statement.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additional
underwriting indemnification provisions, if any, to be added by amendment.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
the Registrant and the other funds in the Gabelli/GAMCO Fund Complex jointly maintain, at their own expense, E&amp;O/D&amp;O insurance
policies for the benefit of its directors/trustees, officers and certain affiliated persons. The Registrant pays a pro rata portion
of the premium on such insurance policies.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insofar
as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by
the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense
of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of such issue.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
31. <I>Business and Other Connections of Investment Adviser</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Investment Adviser, a limited liability company organized under the laws of the State of New York, acts as investment adviser
to the Registrant. The Registrant is fulfilling the requirement of this Item 31 to provide a list of the officers of the Investment
Adviser, together with information as to any other business, profession, vocation or employment of a substantial nature engaged
in by the Investment Adviser or those officers during the past two years, by incorporating by reference the information contained
in the Form ADV of the Investment Adviser filed with the commission pursuant to the Investment Advisers Act of 1940 (Commission
File No. 801-26202).</FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
32. <I>Location of Accounts and Records</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accounts and records of the Registrant are maintained in part at the office of the Investment Adviser at One Corporate Center,
Rye, New York 10580-1422, in part at the offices of the Registrant&#8217;s custodian, The Bank of New York Mellon, at 240 Greenwich
Street, New York, NY 10286, in part at the offices of the Registrant&#8217;s sub-administrator, BNY Mellon Investment Servicing
(US) Inc., at 760 Moore Road, King of Prussia, Pennsylvania 19406, and in part at the offices of the Registrant&#8217;s transfer
agent, American Stock Transfer, at 6201 15th Avenue, Brooklyn, New York 11219.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
33. <I>Management Services</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
34. <I>Undertakings</I></B></FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not applicable.</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
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    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD>
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</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registrant undertakes:</FONT></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to file, during
    a period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</FONT></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 180px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to include any prospectus
    required by Section&#160;10(a)(3) of the Securities Act;</FONT></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 180px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to reflect in the
    prospectus any facts or events after the effective date of the registration statement (or the most recent post- effective
    amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in
    the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the
    total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
    end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant
    to Rule&#160;424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum
    aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective registration
    statement.</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to include any material
    information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material
    change to such information in the Registration Statement.</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Provided, however,
    that paragraphs a(1), a(2), and a(3) of this section do not apply to the extent the information required to be included in
    a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant
    pursuant to Section&#160;13 or Section&#160;15(d) of the Exchange Act that are incorporated by reference into the registration
    statement, or is contained in a form of prospectus filed pursuant to Rule&#160;424(b) that is part of the registration statement.</FONT></TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&#160;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
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    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">that for the purpose
    of determining any liability under the Securities Act, each post-effective amendment shall be deemed to be a new registration
    statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to
    be the initial bona fide offering thereof;</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to remove from registration
    by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the
    offering;</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">that, for the purpose
    of determining liability under the Securities Act to any purchaser:</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

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    <TD STYLE="width: 180px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(A)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each prospectus
    filed by the Registrant pursuant to Rule&#160;424(b)(3) shall be deemed to be part of the registration statement as of the
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</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 60px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(B)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each prospectus
    required to be filed pursuant to Rule&#160;424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on
    Rule&#160;430B relating to an offering made pursuant to Rule&#160;415(a)(1)(i), (x), or (xi) for the purpose of providing
    the information required by Section&#160;10(a) of the Securities Act shall be deemed to be part of and included in the registration
    statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first
    contract of sale of securities in the offering described in the prospectus. As provided in Rule&#160;430B, for liability purposes
    of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of
    the registration statement relating to the securities in the registration statement to which that prospectus relates, and
    the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however,
    that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document
    incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration
    statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement
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    statement relating to an offering, other than registration statements relying on Rule&#160;430B or other than prospectuses
    filed in reliance on Rule&#160;430A, shall be deemed to be part of and included in the registration statement as of the date
    it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus
    that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the
    registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">that for the purpose
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The undersigned
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    statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered
    or sold to such purchaser by means of any of the following communications, the undersigned Registrant will be a seller to
    the purchaser and will be considered to offer or sell such securities to the purchaser:</FONT></TD></TR>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any preliminary
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    of 1934 that is incorporated by reference into the registration statement shall be deemed to be a new registration statement
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

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    the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore,
    unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant
    of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any
    action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities
    being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
    submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURES</B></FONT></P>

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required by the Securities Act of 1933, as amended, the Registrant has duly caused this Registration Statement on Form N-2 to be signed
on its behalf by the undersigned, in the City of Rye, State of New York, on the 24<SUP>th</SUP> day of April, 2024.</FONT> </P>

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    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GAMCO GLOBAL GOLD, NATURAL RESOURCES
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></TD>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
required by the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the
capacities set forth below on the 24<SUP>th</SUP> day of April, 2024.</FONT> </P>

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<TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

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INDEX</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="width: 4%"> (h) </TD>
    <TD STYLE="width: 4%"> (i) </TD>
    <TD STYLE="width: 92%"> <A HREF="ex99-hi.htm">Sales Agreement, dated April 22, 2024</A> </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)</FONT> </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT> </TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex99-lii.htm">Opinion and Consent of Skadden, Arps, Slate, Meagher &amp; Flom LLP with respect to legality</A></FONT> </TD></TR>
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<P STYLE="margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.(H)(I)
<SEQUENCE>3
<FILENAME>ex99-hi.htm
<DESCRIPTION>SALES AGREEMENT, DATED APRIL 22, 2024
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<!-- Field: Rule-Page --><DIV STYLE="margin-right: 0; margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="margin-top: 0; margin-right: 0; font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><A HREF="ggn-posex_042224.htm">GAMCO Global Gold, Natural Resources &amp; Income Trust POS EX</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 99.(h)(i)</B></P>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">GAMCO Global Gold, Natural Resources&nbsp;&amp;
Income Trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SALES AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">$500,000,000 value of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Common Shares of Beneficial Interest</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Par Value $0.001 Per Share</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SALES AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">April 22, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">G.research, LLC<BR>
One Corporate Center<BR>
Rye, New York 10580</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">GAMCO Global Gold, Natural Resources&nbsp;&amp; Income Trust (the &ldquo;<U>Fund</U>&rdquo;),
a statutory trust organized and existing under and by virtue of the laws of the State of Delaware, proposes to issue and sell through
G.research, LLC (the &ldquo;<U>Sales Manager</U>&rdquo;), as agent, as much as $500,000,000 aggregate value (the &ldquo;<U>Maximum Amount</U>&rdquo;)
of common shares of beneficial interest, par value $0.001 per share (the &ldquo;<U>Common Shares</U>&rdquo;), of the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Fund has filed, in accordance with the provisions of the Securities
Act of 1933, as amended, and the rules and regulations thereunder (collectively called the &ldquo;<U>Securities Act</U>&rdquo;), and with
the provisions of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder (collectively called the &ldquo;<U>Investment
Company Act</U>&rdquo;), with the Securities and Exchange Commission (the &ldquo;<U>Commission</U>&rdquo;) a shelf registration statement
on Form N-2 (File Nos. 333-277179 and 811-21698), including a base prospectus, a form of supplemental prospectus and a statement of additional
information, relating to the Common Shares, which incorporated by reference documents that the Fund has filed or will file in accordance
with the provisions of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder (the &ldquo;<U>Exchange
Act</U>&rdquo;) and the Investment Company Act. In addition, the Fund has filed a Notification of Registration on Form N-8A (the &ldquo;<U>Notification</U>&rdquo;)
pursuant to Section&nbsp;8 of the Investment Company Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Fund has prepared and filed, in accordance with Section&nbsp;12
of the Exchange Act, and the Commission has declared effective, a registration statement (as amended, the &ldquo;<U>Exchange Act Registration
Statement</U>&rdquo;) on Form 8-A (File No.&nbsp;001-32464) under the Exchange Act to register, under Section&nbsp;12(b) of the Exchange
Act, the class of securities consisting of the Common Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: NewSection -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Except where the context otherwise requires, &ldquo;<U>Registration
Statement</U>,&rdquo; as used herein, means the registration statement, as amended at each time such registration statement or an amendment
thereto becomes effective for purposes of Section&nbsp;11 of the Securities Act, as such section applies to the Sales Manager (the &ldquo;<U>Effective
Time</U>&rdquo;), including (i)&nbsp;all documents filed as a part thereof or incorporated by reference therein, and (ii)&nbsp;any information
contained in a prospectus subsequently filed with the Commission pursuant to Rule 424(b)(2) under the Securities Act and deemed to be
part of the registration statement at the Effective Time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Except where the context otherwise requires, &ldquo;<U>Prospectus</U>,&rdquo;
as used herein, means the final base prospectus (including the statement of additional information incorporated therein by reference)
and latest supplemental prospectus relating to the offering of the Common Shares contemplated by this Sales Agreement, as filed by the
Fund with the Commission, each as amended or supplemented from time to time (i)&nbsp;pursuant to Rule 424 under the Securities Act on
or before the second business day after the date hereof (or such earlier time as may be required under the Securities Act) or (ii)&nbsp;pursuant
to Rule 424 under the Securities Act on or before the fourth business day prior to the relevant Settlement Date, in each case in the form
furnished by the Fund to the Sales Manager for its use in connection with the offering of the Common Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Sales Materials</U>&rdquo; means those advertising materials,
sales literature or other promotional materials or documents, if any, constituting an advertisement pursuant to Rule 482 under the Securities
Act authorized or prepared by the Fund or authorized or prepared on behalf of the Fund by the Investment Adviser (as defined below) or
any representative thereof for use in connection with the public offering or sale of the Common Shares; <U>provided</U>, <U>however</U>,
that Sales Materials do not include any slides, tapes or other materials or documents that constitute a &ldquo;written communication&rdquo;
(as defined in Rule 405 under the Securities Act) used in connection with a &ldquo;road show&rdquo; or a &ldquo;bona fide electronic road
show&rdquo; (each as defined in Rule 433 under the Securities Act) related to the offering of Common Shares contemplated hereby (collectively,
&ldquo;<U>Road Show Materials</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<U>Applicable Time</U>&rdquo; means the time as of which this
Sales Agreement was entered into, which shall be 9:00 A.M. (New York City time) on the date of this Sales Agreement (or such other time
as is agreed to by the Fund and the Sales Manager).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Gabelli Funds, LLC, a New York limited liability company (the &ldquo;<U>Investment
Adviser</U>&rdquo;), acts as the Fund&rsquo;s investment adviser pursuant to an Investment Advisory Agreement by and between the Fund
and the Investment Adviser, dated as of March&nbsp;28, 2005 (the &ldquo;<U>Investment Advisory Agreement</U>&rdquo;). The Bank of New
York Mellon acts as the custodian (the &ldquo;<U>Custodian</U>&rdquo;) of the Fund&rsquo;s cash and portfolio assets pursuant to the Custodian
Agreement, dated as of March&nbsp;30, 2005 (the &ldquo;<U>Custodian Agreement</U>&rdquo;). American Stock Transfer &amp; Trust Company
acts as the Fund&rsquo;s transfer agent, registrar, and dividend disbursing agent (the &ldquo;<U>Transfer Agent</U>&rdquo;) pursuant to
a Transfer Agency and Service Agreement, dated as of March&nbsp;30, 2005 (the &ldquo;<U>Transfer Agency Agreement</U>&rdquo;). BNY Mellon
Investment Servicing (US) Inc. (&quot;<U>BNYM</U>&quot;) acts as the sub-administrator of the Fund pursuant to a Sub-Administration Agreement,
dated as of March 30, 2005, between the Investment Adviser and BNYM (the &ldquo;<U>Sub-Administration Agreement</U>&rdquo;), pursuant
to which the Sub-Administrator provides certain administrative services necessary for the Fund&rsquo;s operations which do not include
the investment and portfolio management services provided by the Investment Adviser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As used in this Sales Agreement, &ldquo;<U>business day</U>&rdquo;
shall mean a day on which the NYSE American LLC (the &ldquo;<U>NYSE American</U>&rdquo;) is open for trading. The terms &ldquo;herein,&rdquo;
&ldquo;hereof,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereinafter&rdquo; and similar terms, as used in this Sales Agreement, shall in each
case refer to this Sales Agreement as a whole and not to any particular section, paragraph, sentence or other subdivision of this Sales
Agreement. The term &ldquo;or,&rdquo; as used herein, is not exclusive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Fund, the Investment Adviser and the Sales Manager agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD><B>Sale and Purchase</B>. Upon the basis of the warranties and representations and subject to the terms and conditions herein set
forth, the Fund agrees to issue and sell through the Sales Manager, as agent, and the Sales Manager agrees to sell, as agent for the Fund,
on a best efforts basis, up to the Maximum Amount of the Common Shares during the term of this Sales Agreement on the terms set forth
herein. The Common Shares will be sold from time to time as described in the Registration Statement and Prospectus in amounts and at prices
as directed by the Fund and as agreed to by the Sales Manager.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>The Sales Manager may, if it reasonably believes one of the conditions under Section 6(a) below exists, upon notice to the Fund by
telephone (confirmed promptly by telecopy or hand delivery), at any time and from time to time suspend the offering of Common Shares;
provided, however, that such suspension shall not affect or impair the parties&rsquo; respective obligations with respect to the Common
Shares sold hereunder prior to the giving of such notice and that such suspension shall last no more than ten (10) business days, at which
time the Sales Manager shall either cease such suspension or notify the Fund that this Sales Agreement is being terminated pursuant to
Article 6 below, subject to the terms and conditions hereof. The Fund may, upon notice to the Sales Manager by telephone (confirmed promptly
by telecopy or hand delivery), at any time and from time to time suspend the offering of Common Shares; provided, however, that such suspension
shall not affect or impair the parties&rsquo; respective obligations with respect to the Common Shares sold hereunder prior to the giving
of such notice.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>The Fund shall pay compensation to the Sales Manager for sales of Common Shares at a commission rate as mutually agreed upon by the
Fund and the Sales Manager, but in no event greater than 1.00% of the gross sales price per share for daily trading amounts up to 100,000
Common Shares sold and a commission rate no greater than 0.75% of the gross sales price per share for daily trading amounts in excess
of 100,000 Common Shares sold under this Sales Agreement as determined by further agreement between the Sales Manager and the Fund from
time to time with respect to particular sales. The remaining proceeds, after further deduction for any transaction fees imposed by any
governmental or self-regulatory organization in respect to such sale shall constitute the net proceeds to the Fund for such Common Shares
(the &ldquo;Net Proceeds&rdquo;).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>The Fund shall open and maintain a trading account (the &ldquo;Trading Account&rdquo;) at a clearing agent designated by the Sales
Manager to facilitate the transactions contemplated by this Sales Agreement. The Net Proceeds from the sale of the Common Shares shall
be available in the Trading Account on the second business day (or such other day as is industry practice for regular-way trading) following
each sale of the Common Shares (each, a &ldquo;Settlement Date&rdquo;). The Fund shall effect the delivery of the applicable number of
Common Shares to an account designated by the Sales Manager at The Depository Trust Company on or before the Settlement Date of each sale
hereunder. The Sales Manager&rsquo;s compensation shall be withheld from the sales proceeds on each Settlement Date and shall be paid
to the Sales Manager at that time.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>Subject to Section 5(d) below, at each Settlement Date, the Fund shall be deemed to have affirmed each representation, warranty, covenant
and other agreement contained in this Sales Agreement. Any obligation of the Sales Manager under this Sales Agreement shall be subject
to the continuing accuracy of the representations and warranties of the Fund herein, to the performance by the Fund of its obligations
hereunder and to the continuing satisfaction of the additional conditions specified in Article 5 below.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD>If the Fund shall default on its obligation to deliver Common Shares on any Settlement Date, the Fund shall (i) hold the Sales Manager
harmless against any loss, claim or damage arising from or as a result of such default by the Fund and (ii) pay the Sales Manager any
commission to which it would otherwise be entitled absent such default.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD><B>Representations and Warranties of the Fund and the Investment Adviser</B>. Each of the Fund and the Investment Adviser jointly
and severally represents and warrants to the Sales Manager as of the date of this Sales Agreement and as of each Settlement Date, as follows:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>(i) (A) the Registration Statement has heretofore become effective under the Securities Act; (B) no stop order of the Commission preventing
or suspending the use of any Preliminary Prospectus or Sales Materials or of the Prospectus or the effectiveness of the Registration Statement
has been issued, and no proceedings for such purpose have been instituted or, to the Fund&rsquo;s knowledge, are contemplated by the Commission;
and (C) the Exchange Act Registration Statement has become effective as provided in Section 12 of the Exchange Act;&nbsp;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>(A) the Registration Statement complied at the Effective Time, complies as of the date hereof and, as amended or supplemented, at
each Settlement Date and at all times during which a prospectus is required by the Securities Act to be delivered in connection with any
sale of Common Shares, will comply, in all material respects, with the requirements of the Securities Act and the Investment Company Act;
(B)&nbsp;each Preliminary Prospectus and the Prospectus complied, at the time it was filed with the Commission, and the Prospectus complies
as of the date hereof and, as amended or supplemented, at each Settlement Date and at all times during which a prospectus is required
by the Securities Act to be delivered in connection with any sale of Common Shares, will comply, in all material respects with the requirements
of the Securities Act (including, without limitation, Section&nbsp;10(a) of the Securities Act) and the Investment Company Act; and (C)&nbsp;each
of the Sales Materials complied, at the time it was first used in connection with the public offering of the Common Shares, and complies
as of the date hereof, in all material respects with the requirements of the Securities Act (including, without limitation, Rule 482 thereunder),
the Investment Company Act and the applicable rules and interpretations of the Financial Industry Regulatory Authority, Inc. (&ldquo;<U>FINRA</U>&rdquo;);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>(A) (1)&nbsp;the Registration Statement as of the Effective Time did not, (2)&nbsp;the Registration Statement (including any post-effective
amendment thereto declared or deemed to be effective by the Commission) as of the date hereof does not, and (3)&nbsp;the Registration
Statement (including any post-effective amendment thereto declared or deemed to be effective by the Commission), as of each Settlement
Date, will not, in each case, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein not misleading; (B)&nbsp;at no time during the period that begins as of the Applicable Time
and ends at the final Settlement Date did or will the Disclosure Package in use at the applicable time include an untrue statement of
a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading; (C)&nbsp;at no time during the period that begins at the time each of the Sales Materials
was first used in connection with the public offering of the Common Shares and ends at the final Settlement Date did any of the Sales
Materials in use at the applicable time include an untrue statement of a material fact or omit to state a material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading; and (D)&nbsp;at no time
during the period that begins on the earlier of the date of the Prospectus and the date the Prospectus is filed with the Commission and
ends at the latest of the final Settlement Date and the end of the period during which a prospectus is required by the Securities Act
to be delivered in connection with any sale of Common Shares did or will the Prospectus, as then amended or supplemented, include an untrue
statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading; <U>provided</U>, <U>however</U>, that each of the Fund and the Investment Adviser makes no
representation or warranty with respect to any statement contained in the Registration Statement, the Disclosure Package or the Prospectus
in reliance upon and in conformity with information concerning the Sales Manager and furnished in writing by or on behalf of the Sales
Manager to the Fund expressly for use in the Registration Statement, the Disclosure Package or the Prospectus as described in Section&nbsp;9(f)
hereof;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>(i) The Fund has been duly formed, is validly existing as a statutory trust under the laws of the state of Delaware, with full power
and authority to conduct all the activities conducted by it, to own or lease all assets owned or leased by it and to conduct its business
as described in the Registration Statement and the Prospectus; (ii) the Fund is duly licensed and qualified to do business and in good
standing in each jurisdiction in which its ownership or leasing of property or its conducting of business requires such qualification,
except where the failure to be so qualified or be in good standing would not have a material adverse effect on the Fund; (iii) the Fund
owns, possesses or has obtained and currently maintains all governmental licenses, permits, consents, orders, approvals and other authorizations,
whether foreign or domestic, necessary to carry on its business as contemplated in the Prospectus; and (iv) the Fund has no subsidiaries.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>The capitalization of the Fund is as set forth in the Registration Statement and the Prospectus. The Common Shares conform in all
material respects to the description of them in the Prospectus. All the outstanding Common Shares have been duly authorized and are validly
issued, fully paid and nonassessable. The Common Shares to be issued and sold in accordance with this Sales Agreement against payment
therefor as provided by this Sales Agreement have been duly authorized and when issued and delivered will have been validly issued and
will be fully paid and nonassessable. No person is entitled to any preemptive or other similar rights with respect to the Common Shares.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>The Fund is duly registered with the Commission under the Investment Company Act as a non-diversified, closed-end management investment
company, and, subject to the filing of any supplemental registration statements, amendments to the Registration Statement or such registration
statements or the Prospectus, all action under the Securities Act and the Investment Company Act, as the case may be, necessary to make
the public offering and consummate the sale of the Common Shares as provided in this Sales Agreement has or will have been taken by the
Fund.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD>The Fund has full power and authority to enter into each of this Sales Agreement, the Investment Advisory Agreement, the Custodian
Agreement, the Transfer Agency Agreement, the Sub-Administration Agreement and the Dividend Reinvestment Plan (collectively, the &ldquo;<U>Fund
Agreements</U>&rdquo;) and to perform all of the terms and provisions hereof and thereof to be carried out by it and (i) each Fund Agreement
has been duly and validly authorized, executed and delivered by or on behalf of the Fund, (ii) each Fund Agreement does not violate any
of the applicable provisions of the Investment Company Act or the Investment Advisers Act of 1940, as amended, and the rules and regulations
thereunder (collectively called the &ldquo;<U>Advisers Act</U>&rdquo;), as the case may be, and (iii) assuming due authorization, execution
and delivery by the other parties thereto, each Fund Agreement constitutes the legal, valid and binding obligation of the Fund enforceable
in accordance with its terms, (A) subject, as to enforcement, to applicable bankruptcy, insolvency and similar laws affecting creditors&rsquo;
rights generally and to general equitable principles (regardless of whether enforcement is sought in a proceeding in equity or at law)
and (B) except as rights to indemnity thereunder may be limited by federal or state securities laws.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD>None of (i) the execution and delivery by the Fund of the Fund Agreements, (ii) the issue and sale by the Fund of the Common Shares
as contemplated by this Sales Agreement and (iii) the performance by the Fund of its obligations under any of the Fund Agreements or consummation
by the Fund of the other transactions contemplated by the Fund Agreements conflicts with or will conflict with, or results or will result
in a breach of, (A) the Declaration of Trust or the By-laws of the Fund, (B) any agreement or instrument to which the Fund is a party
or by which the Fund is bound, or (C) any law, rule or regulation, or order of any court, governmental instrumentality, securities exchange
or association or arbitrator, whether foreign or domestic, applicable to the Fund, other than state securities or &ldquo;blue sky&rdquo;
laws applicable in connection with the distribution of the Common Shares by the Sales Manager pursuant to this Sales Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD>The Fund is not currently in breach of, or in default under, any written agreement or instrument to which it is a party or by which
it or its property is bound or affected.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD>No person has any right to the registration of any securities of the Fund because of the filing of the registration statement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>No consent, approval, authorization or order of any court or governmental agency or body or securities exchange or association, whether
foreign or domestic, is required by the Fund for the consummation by the Fund of the transactions to be performed by the Fund or the performance
by the Fund of all the terms and provisions to be performed by or on behalf of it in each case as contemplated in the Fund Agreements,
except such as (i) have been obtained under the Securities Act, the Investment Company Act, or the Advisers Act, and (ii) may be required
by the NYSE American or under state securities or &ldquo;blue sky&rdquo; laws, in connection with the distribution of the Common Shares
by the Sales Manager pursuant to this Sales Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD>The Common Shares are duly authorized for listing, subject to official notice of issuance, on the NYSE American and the Notification
has become effective.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD>PricewaterhouseCoopers LLP, whose report is incorporated by reference in the Prospectus, is an independent registered public accounting
firm with respect to the Fund as required by the Securities Act and the Investment Company Act.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD>The statements of assets and liabilities, operations and changes in net assets attributable to common shareholders (including the
notes thereto) included or incorporated by reference in the Registration Statement and the Prospectus presents fairly in all material
respects, in accordance with generally accepted accounting principles in the United States applied on a consistent basis, the financial
position of the Fund as of the date indicated.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD>The Fund maintains a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are
executed in accordance with management&rsquo;s general or specific authorization; (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets;
(iii) access to assets is permitted only in accordance with management&rsquo;s general or specific authorization; and (iv) the recorded
accountability for assets is compared with existing assets through an asset reconciliation procedure or otherwise at reasonable intervals
and appropriate action is taken with respect to any differences.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD>Since the date as of which information is given in the Registration Statement and the Prospectus, except as otherwise stated therein,
(i) there has been no material adverse change in the condition, financial or otherwise, business prospects, properties, net assets or
results of operations of the Fund, whether or not arising in the ordinary course of business and (ii) there have been no transactions
entered into by the Fund other than those in the ordinary course of its business.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(o)</TD><TD>There is no action, suit or proceeding before or by any court, commission, regulatory body, administrative agency or other governmental
agency or body, foreign or domestic, now pending, or, to the knowledge of the Fund, threatened against or affecting the Fund, which (i)
might result in any material adverse change in the condition, financial or otherwise, business affairs or business prospects of the Fund
or might materially adversely affect the properties or assets of the Fund or (ii) is of a character required to be described in the Registration
Statement or the Prospectus; and there are no contracts, franchises or other documents that are of a character required to be described
in, or that are required to be filed as exhibits to, the Registration Statement that have not been described or filed as required.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(p)</TD><TD>The Fund has not taken and will not take, directly or indirectly, any action designed or which might be reasonably expected to cause
or result in, or which will constitute, (i) manipulation of the price of the Common Shares in violation of applicable federal securities
laws or (ii) except for stabilization transactions conducted by underwriters in connection with other offerings of the Common Shares and
except for tender offers, Common Share repurchases and the issuance or purchase of Common Shares pursuant to the Fund&rsquo;s Dividend
Reinvestment Plan effected following the date on which the distribution of the Common Shares is completed in accordance with the policies
of the Fund as set forth in the Prospectus, stabilization.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(q)</TD><TD>The Fund intends to direct the investment of the proceeds of the offering of the Common Shares in such a manner as to comply with
the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the &ldquo;Code&rdquo;).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(r)</TD><TD>The Fund has not distributed and, prior to the final Settlement Date, will not distribute any offering material in connection with
the public offering or sale of the Common Shares other than the Registration Statement, the Disclosure Package, the Sales Materials and
the Prospectus.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(s)</TD><TD>To the knowledge of the Fund after due inquiry, there are no Sales Materials; and no Road Show Materials authorized or prepared by
the Fund or authorized or prepared on behalf of the Fund by the Investment Adviser or any representative thereof for use in connection
with the public offering or sale of the Common Shares contained or contains any untrue statement of a material fact or omitted or omits
to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(t)</TD><TD>Except as disclosed in the Registration Statement and the Prospectus (or any amendment or supplement to any of them), to the Fund&rsquo;s
knowledge, after due inquiry, no trustee of the Fund is an &ldquo;interested person&rdquo; (as defined in the Investment Company Act)
of the Fund or an &ldquo;affiliated person&rdquo; (as defined in the Investment Company Act) of the Sales Manager.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">In addition, any certificate signed by any officer of the
Fund and delivered to the Sales Manager or its counsel in connection with the offering of the Common Shares shall be deemed to be a representation
and warranty by the Fund, as to matters covered thereby, to the Sales Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD><B>Representations and Warranties of the Investment Adviser</B>. The Investment Adviser represents to the Sales Manager as of the
date of this Sales Agreement and as of each Settlement Date, as follows:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>The Investment Adviser has been duly formed, is validly existing as a limited liability company under the laws of the State of New
York, with full power and authority to conduct all of the activities conducted by it, to own or lease all of the assets owned or leased
by it and to conduct its business as described in the Registration Statement and the Prospectus, and the Investment Adviser is duly licensed
and qualified to do business and in good standing in each jurisdiction in which it is required to be so qualified, except to the extent
that failure to be so qualified or be in good standing would not have a material adverse affect on the Investment Adviser&rsquo;s ability
to provide services to the Fund; and the Investment Adviser owns, possesses or has obtained and currently maintains all governmental licenses,
permits, consents, orders, approvals and other authorizations, whether foreign or domestic, necessary to carry on its business as contemplated
in the Registration Statement and the Prospectus.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>The Investment Adviser is (i) duly registered as an investment adviser under the Advisers Act and (ii) not prohibited by the Advisers
Act or the Investment Company Act from acting as the investment adviser for the Fund as contemplated by the Investment Advisory Agreement,
the Registration Statement and the Prospectus.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>The Investment Adviser has full power and authority to enter into each of this Sales Agreement, the Investment Advisory Agreement
and the Sub-Administration Agreement (collectively, the &ldquo;<U>Adviser Agreements</U>&rdquo;), and to carry out all the terms and provisions
hereof and thereof to be carried out by it; and each Adviser Agreement has been duly and validly authorized, executed and delivered by
the Investment Adviser; none of the Adviser Agreements violate any of the applicable provisions of the Investment Company Act or the Advisers
Act; and assuming due authorization, execution and delivery by the other parties thereto, each Adviser Agreement constitutes a legal,
valid and binding obligation of the Investment Adviser, enforceable in accordance with its terms, (i) subject, as to enforcement, to applicable
bankruptcy, insolvency and similar laws affecting creditors&rsquo; rights generally and to general equitable principles (regardless of
whether enforcement is sought in a proceeding in equity or at law) and (ii) except as rights to indemnity thereunder may be limited by
federal or state securities laws.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>Neither (i) the execution and delivery by the Investment Adviser of any Adviser Agreement nor (ii) the consummation by the Investment
Adviser of the transactions contemplated by, or the performance of its obligations under any Adviser Agreement conflicts or will conflict
with, or results or will result in a breach of, (A) the Limited Liability Company Operating Agreement or Articles of Organization of the
Investment Adviser, (B) any agreement or instrument to which the Investment Adviser is a party or by which the Investment Adviser is bound,
or any law, rule or regulation, or (C) any order of any court, governmental instrumentality, securities exchange or association or arbitrator,
whether foreign or domestic, applicable to the Investment Adviser.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD>No consent, approval, authorization or order of any court, governmental agency or body or securities exchange or association, whether
foreign or domestic, is required for the consummation of the transactions contemplated in, or the performance by the Investment Adviser
of its obligations under, any Adviser Agreement, as the case may be, except such as (i) have been obtained under the Securities Act, the
Investment Company Act, or the Advisers Act, and (ii) may be required by the NYSE American or under state securities or &ldquo;blue sky&rdquo;
laws, in connection with the distribution of the Common Shares by the Sales Manager pursuant to this Sales Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD>The description the Investment Adviser and its business and the statements attributable to the Investment Adviser in the Registration
Statement and the Prospectus comply with the requirements of the Securities Act and the Investment Company Act and do not contain any
untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the
statements therein (in the case of the Prospectus in light of the circumstances in which they were made) not misleading.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD>Except as set forth in the Registration Statement and the Prospectus, there is no action, suit or proceeding before or by any court,
commission, regulatory body, administrative agency or other governmental agency or body, foreign or domestic, now pending or, to the knowledge
of the Investment Adviser, threatened against or affecting the Investment Adviser of a nature required to be disclosed in the Registration
Statement or the Prospectus or that might result in any material adverse change in the condition, financial or otherwise, business affairs
or business prospects of the Investment Adviser or the ability of the Investment Adviser to fulfill its respective obligations under any
Adviser Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD>The Investment Adviser has not taken and will not take, directly or indirectly, any action designed, or which might reasonably be
expected to cause or result in, or which will constitute, (i) manipulation of the price of the Common Shares in violation of applicable
federal securities laws or (ii) except for stabilization activities conducted by underwriters in connection with other offerings of the
Common Shares and except for tender offers, Common Share repurchases and the issuance or purchase of Common Shares pursuant to the Fund&rsquo;s
Dividend Reinvestment Plan effected following the date on which the distribution of the Common Shares is completed in accordance with
the policies of the Fund as set forth in the Prospectus, stabilization.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>In the event that the Fund or the Investment Adviser has made available any Road Show Materials or promotional materials (other than
the Sales Materials) by means of an Internet web site or similar electronic means such as to constitute a bona fide electronic road show,
the Investment Adviser has installed and maintained pre-qualification and password-protection or similar procedures which are designed
and reasonably expected to effectively prohibit access to such Road Show Materials or promotional materials by persons other than qualified
broker-dealers and registered representatives thereof.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">In addition, any certificate signed by any officer of the
Investment Adviser and delivered to the Sales Manager or its counsel in connection with the offering of the Common Shares shall be deemed
to be a representation and warranty by the Investment Adviser as to matters covered thereby, to the Sales Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD><B>Agreements of the Parties</B>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>If the registration statement relating to the Common Shares has not yet become effective, the Fund will promptly file a further amendment,
if not previously filed, with the Commission, and will use its best efforts to cause such registration statement to become effective and,
as soon as the Fund is advised, will advise the Sales Manager when the Registration Statement or any amendment thereto has become effective.
If it is necessary for a post-effective amendment to the Registration Statement, or a new registration statement under Rule 462(b) under
the Securities Act, to be filed with the Commission and become effective before the Common Shares may be sold, the Fund will use its best
efforts to cause such post-effective amendment or such further registration statement to be filed and become effective as soon as possible,
and the Fund will advise you promptly and, if requested by you, will confirm such advice in writing, (i) when such post-effective amendment
or such further registration statement has become effective.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>During the period in which a prospectus relating to the Common Shares is required to be delivered under the Securities Act, the Fund
will notify the Sales Manager promptly of the time when any subsequent amendment to the Registration Statement has become effective or
any subsequent supplement to the Prospectus has been filed and of any request by the Commission for any amendment or supplement to the
Registration Statement or the Prospectus or for additional information; the Fund will prepare and file with the Commission, promptly upon
the Sales Manager&rsquo;s reasonable request, any amendments or supplements to the Registration Statement or Prospectus that, in the Sales
Manager&rsquo;s reasonable opinion based upon advice of counsel, may be necessary in connection with the sale of the Common Shares pursuant
to this Sales Agreement; the Fund will not file any amendment or supplement to the Registration Statement or Prospectus (other than a
supplement to the Prospectus that (i) relates solely to the issuance of securities other than Common Shares of the Fund and (ii) does
not materially change the information about the Fund or its business, operations, properties or financial condition disclosed in the Registration
Statement or Prospectus previously thereto (an &ldquo;<U>Excluded Supplement</U>&rdquo;)) unless a copy thereof has been submitted to
the Sales Manager a reasonable period of time before the filing and the Sales Manager has not reasonably objected thereto; and it will
notify the Sales Manager at the time of filing of any document that upon filing is deemed to be incorporated by reference in the Registration
Statement or Prospectus. The Fund will cause each amendment or supplement to the Prospectus to be filed with the Commission as required
pursuant to the applicable paragraph of Rule 424 of the Rules and Regulations or, in the case of any document to be incorporated therein
by reference, to be filed with the Commission as required pursuant to the relevant securities laws, within the time period prescribed.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>For the period of three years from the final Settlement Date, the Fund will advise the Sales Manager promptly (i) of the issuance
by the Commission of any order in respect of the Fund or the Investment Adviser, which relates to the Fund, or which relates to any material
arrangements or proposed material arrangements involving the Fund or the Investment Adviser, (ii) of the initiation or threatening of
any proceedings for, or receipt by the Fund of any notice with respect to, any suspension of the qualification of the Common Shares for
sale in any jurisdiction or the issuance of any order by the Commission suspending the effectiveness of the Registration Statement, (iii)
of receipt by the Fund, or any representative or attorney of the Fund, of any other communication from the Commission relating in any
material way to the Fund, the Registration Statement, the Notification, the Sales Materials, the Prospectus or to the transactions contemplated
by this Sales Agreement and (iv) the issuance by any court, regulatory body, administrative agency or other governmental agency or body,
whether foreign or domestic, of any order, ruling or decree, or the threat to initiate any proceedings with respect thereto, regarding
the Fund, which relates in any material way to the Fund or any material arrangements or proposed material arrangements involving the Fund.
The Fund will make every reasonable effort to prevent the issuance of any order suspending the effectiveness of the Registration Statement
and, if any such order is issued, to obtain its lifting as soon as possible.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>If not delivered prior to the date of this Sales Agreement, the Fund will deliver to the Sales Manager, without charge, a signed copy
of the Registration Statement, the Exchange Act Registration Statement and the Notification and of any amendments (except any post-effective
amendment which is filed with the Commission after the later of (i) one year from the date of this Sales Agreement or (ii) the date on
which the distribution of the Common Shares is completed) to either the Registration Statement, the Exchange Act Registration Statement
or the Notification (including all exhibits filed with any such document) and as many conformed copies of the Registration Statement and
any amendments thereto (except any post-effective amendment which is filed with the Commission after the later of (ii) one year from the
date of this Sales Agreement or (iv) the date on which the distribution of the Common Shares is completed) (excluding exhibits) as the
Sales Manager may reasonably request.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD>During such period as a prospectus is required by law to be delivered by an underwriter or a dealer, the Fund will deliver, without
charge, to the Sales Manager and any dealers, at such office or offices as the Sales Manager may designate, as many copies of the Prospectus
as the Sales Manager may reasonably request, and, if any event occurs during such period as a result of which it is necessary to amend
or supplement the Prospectus, in order to make the statements therein, in light of the circumstances under which they were made, not misleading
in any material respect, or if during such period it is necessary to amend or supplement the Prospectus to comply with the Securities
Act or the Investment Company Act, the Fund promptly will prepare, submit to the Sales Manager, file with the Commission and deliver,
without charge, to others if requested by the Sales Manager, amendments or supplements to the Prospectus so that the statements in such
Prospectus, as so amended or supplemented, will not, in light of the circumstances under which they were made, be misleading in any material
respect and will comply with the Securities Act and the Investment Company Act. Delivery by the Sales Manager of any such amendments or
supplements to the Prospectus will not constitute a waiver of any of the conditions in Article 5 hereof. The Fund shall also deliver copies
of each such Prospectus and any supplement thereto to the NYSE American in accordance with applicable rules and regulations under the
Securities Act.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD>The Fund will make generally available to holders of the Fund&rsquo;s securities, as soon as practicable but in no event later than
the last day of the 18th full calendar month following the calendar quarter in which the date of the Effective Time falls, an earnings
statement, if applicable, satisfying the provisions of the last paragraph of Section 11(a) of the Securities Act and, at the option of
the Fund, Rule 158 under the Securities Act.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD>The Fund shall pay all costs and expenses incident to the performance of the obligations of the Fund under this Sales Agreement, including
but not limited to costs and expenses of or relating to (i) the preparation, printing and filing of the Registration Statement and exhibits
to it, each Preliminary Prospectus, the Prospectus and all amendments and supplements thereto, (ii) the issuance of the Common Shares
and the preparation and delivery of certificates for the Common Shares, (iii) the registration or qualification of the Common Shares for
offer and sale under the securities or &ldquo;blue sky&rdquo; laws of the jurisdictions referred to in the foregoing paragraph, including
the fees and disbursements of counsel for the Sales Manager in that connection, and the preparation and printing of any preliminary and
supplemental &ldquo;blue sky&rdquo; memoranda, (iv) the furnishing (including costs of design, production, shipping and mailing) to the
Sales Manager and others of copies of the Common Shares, the Sales Materials, the Prospectus, and all amendments or supplements to the
Prospectus, and of the other documents required by this Section to be so furnished, (v) the filing requirements of FINRA, in connection
with its review of the financing, including filing fees and the fees, disbursements and other charges of counsel for the Sales Manager
in that connection (provided that such fees, disbursements and other charges of counsel for the Sales Manager shall not exceed $50,000),
(vi) all transfer taxes, if any, with respect to the sale and delivery of the Common Shares, (vii) the listing of the Common Shares on
the NYSE American and (viii) the transfer agent for the Common Shares.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD>If the transactions contemplated by this Sales Agreement are not consummated, except as otherwise provided herein, no party will be
under any liability to any other party, except that (i) if this Sales Agreement is terminated by the Sales Manager because of any inability,
failure or refusal on the part of the Fund or the Investment Adviser to comply with any material terms of this Sales Agreement or because
any of the Sales Manager conditions in Article 5 are not satisfied, the Fund will reimburse the Sales Manager for all out-of-pocket expenses
(including the reasonable fees, disbursements and other charges of its counsel) reasonably incurred by it in connection with the proposed
issuance and sale of the Common Shares and (ii) the Sales Manager shall not be relieved of liability to the Fund if it breaches its obligations
pursuant to this Sales Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>The Fund will not, directly or indirectly, offer or sell any Common Shares (other than the Common Shares to be sold pursuant to this
Sales Agreement) or securities convertible into or exchangeable for, or any rights to purchase or acquire, Common Shares, during the Applicable
Time through the final Settlement Date for the sale of Common Shares hereunder without (i) giving the Sales Manager at least one business
day prior written notice specifying the nature of the proposed sale and the date of such proposed sale and (ii) suspending activity under
this program for such period of time as may reasonably be determined by agreement of the Fund and the Sales Manager; provided, however,
that no such notice and suspension shall be required in connection with the Fund&rsquo;s issuance of Common Shares pursuant to its Dividend
Reinvestment Plan.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD>The Fund will use its best efforts to supplementally list the Common Shares on the NYSE American prior to the date the Common Shares
are issued and comply with the rules and regulations of such exchange.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD>The Fund will direct the investment of the net proceeds of the offering of the Common Shares in such a manner as to comply with the
investment objective and policies of the Fund as described in the Prospectus.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD>Each time that the Registration Statement or the Prospectus shall be amended or supplemented (other than an Excluded Supplement),
the Fund shall (unless the Fund is not then selling Common Shares through the Sales Manager and has not requested the Sales Manager to
sell Common Shares) furnish or cause to be furnished to the Sales Manager forthwith a certificate dated the date of filing with the Commission
of such amendment, supplement or other document, the date of effectiveness of amendment, as the case may be, in form satisfactory to the
Sales Manager to the effect that the statements contained in the certificates referred to in Section 5(d) below that were last furnished
to the Sales Manager are true and correct at the time of such amendment, supplement, filing, as the case may be, as though made at and
as of such time (except that such statements shall be deemed to relate to the Registration Statement or the Prospectus as amended and
supplemented to such time) or, in lieu of such certificates, certificates of the same tenor as the certificates referred to in said Section
5(d) below, modified as necessary to relate to the Registration Statement or the Prospectus as amended and supplemented to the time of
delivery of such certificate.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD>(i) Each time that the Registration Statement shall be amended by the filing of a post-effective amendment thereto; and (ii) at such
other times, including the date hereof or the first Settlement Date, as may be reasonably requested by the Sales Manager, when the Prospectus
is supplemented and/or any document or report is filed with the Commission or is incorporated by reference into the Registration Statement
or the Prospectus, the Fund (unless (i) otherwise agreed to by the Sales Manager or (ii) the Fund is neither selling Common Shares through
the Sales Manager nor has requested the Sales Manager to sell Common Shares) shall furnish or cause to be furnished forthwith to the Sales
Manager and to the Sales Manager&rsquo;s counsel a written opinion of counsel to the Fund (&ldquo;<U>Fund Counsel</U>&rdquo;), dated the
date of filing with the Commission of such amendment, supplement or other document and the date of effectiveness of such amendment, as
the case may be, in form and substance satisfactory to the Sales Manager, of the same tenor as the opinion referred to in Section 5(e)
below, but modified as necessary to relate to the Registration Statement and the Prospectus as amended and supplemented to the time of
delivery of such opinion.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD>Each time that the Registration Statement or the Prospectus shall be amended or supplemented (other than an Excluded Supplement) to
include additional financial information, the Fund shall (unless (i) otherwise agreed to by the Sales Manager or (ii) the Fund is not
then selling Common Shares through the Sales Manager and has not requested the Sales Manager to sell Common Shares) cause the independent
registered public accounting firm then retained by the Fund, forthwith to furnish to the Sales Manager a letter, dated the date of effectiveness
of such amendment, or the date of filing of such supplement or other document with the Commission, as the case may be, in form satisfactory
to the Sales Manager, of the same tenor as the letter referred to in Section 5(g) below but modified to relate to the Registration Statement
or the Prospectus, as amended and supplemented to the date of such letter.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD><B>Conditions of the Sales Manager&rsquo;s Obligations</B>. The obligations of the Sales Manager to sell Common Shares are subject
to the accuracy on the date of this Sales Agreement, and as of each Settlement Date, of the representations of the Fund and the Investment
Adviser in this Sales Agreement, to the accuracy and completeness of all material statements made by the Fund and the Investment Adviser
or any of their respective officers in any certificate delivered to the Sales Manager or its counsel pursuant to this Sales Agreement,
to performance by the Fund and the Investment Adviser of their respective obligations under this Sales Agreement and to each of the following
additional conditions:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>The Registration Statement must have become effective. The Prospectus must have been filed in accordance with Rule 424 under the Securities
Act.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>No order suspending the effectiveness of the Registration Statement may be in effect and no proceedings for such purpose may be pending
before or, to the knowledge of counsel to the Sales Manager, threatened by the Commission, and any requests for additional information
on the part of the Commission (to be included in the Registration Statement or the Prospectus or otherwise) must be complied with or waived
to the reasonable satisfaction of the Sales Manager.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>Since the dates as of which information is given in the Registration Statement and the Prospectus, (i) there must not have been any
material change in the Common Shares except as set forth in or contemplated by the Prospectus; (ii) there must not have been any material
adverse change in the general affairs, prospects, management, business, financial condition or results of operations of the Fund or the
Investment Adviser whether or not arising from transactions in the ordinary course of business as set forth in or contemplated by the
Prospectus; (iii) the Fund must not have sustained any material loss or interference with its business from any court or from legislative
or other governmental action, order or decree, whether foreign or domestic, or from any other occurrence not described in the Registration
Statement and the Prospectus; and (iv) there must not have occurred any event that makes untrue or incorrect in any material respect any
statement or information contained in the Registration Statement or the Prospectus or that is not reflected in the Registration Statement
or the Prospectus but should be reflected therein in order to make the statements or information therein (in the case of the Prospectus,
in light of the circumstances in which they were made) not misleading in any material respect; if, in the judgment of the Sales Manager,
any such development referred to in clause (i), (ii), (iii), or (iv) of this paragraph (c) makes it impracticable or inadvisable to consummate
the sale and delivery of the Common Shares pursuant to this Sales Agreement at the then current market price of the Common Shares.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>Unless otherwise agreed to by the Sales Manager, the Sales Manager must have received as of each Settlement Date a certificate, dated
such date, of the President or a Vice-President and the chief financial or accounting officer of each of the Fund and the Investment Adviser
certifying (in their capacity as such officers and, with respect to clauses (ii), (iii) and (vi) below, on behalf of the Fund and the
Investment Adviser, as the case may be) that (i) the signers have carefully examined the Registration Statement, the Prospectus and this
Sales Agreement, (ii) the representations of the Fund (with respect to the certificates from such Fund officers) and the representations
of the Investment Adviser (with respect to the certificates from such officers of the Investment Adviser) in this Sales Agreement are
accurate on and as of the date of the certificate, (iii) there has not been any material adverse change in the general affairs, prospects,
management, business, financial condition or results of operations of the Fund (with respect to the certificates from such Fund officers)
or the Investment Adviser (with respect to the certificates from such officers of the Investment Adviser), which change would materially
and adversely affect the ability of the Fund or the Investment Adviser, as the case may be, to fulfill its obligations under this Sales
Agreement or the Investment Advisory Agreement (with respect to the certificates from such officers of the Investment Adviser), whether
or not arising from transactions in the ordinary course of business, (iv) with respect to the Fund only, no order suspending the effectiveness
of the Registration Statement, prohibiting the sale of any of the Common Shares or otherwise having a material adverse effect on the Fund
has been issued and no proceedings for any such purpose are pending before or, to the knowledge of such officers after reasonable investigation,
threatened by the Commission or any other regulatory body, whether foreign or domestic, (v) no order having a material adverse effect
on the ability of the Investment Adviser to fulfill its obligations under this Sales Agreement or the Investment Advisory Agreement, as
the case may be, has been issued and no proceedings for any such purpose are pending before or, to the knowledge of the officers of the
Investment Adviser after reasonable investigation, threatened by the Commission or any other regulatory body, whether foreign or domestic
and (vi) each of the Fund (with respect to the certificates from such Fund officers) and the Investment Adviser (with respect to the certificates
from such officers of the Investment Adviser) has performed all of its respective agreements that this Sales Agreement requires it to
perform by such Settlement Date (to the extent not waived in writing by the Sales Manager).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD>Unless otherwise agreed to by the Sales Manager, the Sales Manager must have received as of the date of this Sales Agreement and each
time referred to in Section 4(m) the opinions dated as of the date thereof substantially in the form of Schedules A and B to this Sales
Agreement (modified in the case of times referred to in Section 4(m) as necessary to relate to the Registration Statement and the Prospectus
as amended and supplemented to that date) from the counsel identified in each such Schedule.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD>Unless otherwise agreed to by the Sales Manager, the Sales Manager must have received as of the date of this Sales Agreement and each
time referred to in Section 4(m) from its counsel an opinion dated as of the date thereof with respect to the Fund, the Common Shares,
the Registration Statement and the Prospectus, this Sales Agreement and the form and sufficiency of all proceedings taken in connection
with the sale and delivery of the Common Shares. Such opinion and proceedings shall fulfill the requirements of this Section 5(f) only
if such opinion and proceedings are satisfactory in all respects to the Sales Manager. The Fund and the Investment Adviser must have furnished
to such counsel such documents as counsel may reasonably request for the purpose of enabling them to render such opinion.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD>Unless otherwise agreed to by the Sales Manager, the Sales Manager must have received on the date of this Sales Agreement a signed
letter, dated such date, substantially in the form of Schedule C to this Sales Agreement from the independent registered public accounting
firm designated in such Schedule. The Sales Manager also must have received as of each time referred to in Section 4(n) a signed letter
from such accountants, dated as of the date thereof, confirming on the basis of a review in accordance with the procedures set forth in
their earlier letter that nothing has come to their attention during the period from a date not more than five business days before the
date of this Sales Agreement, specified in the letter, to a date not more than five business days before such time, that would require
any change in their letter referred to in the foregoing sentence.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">All opinions, letters, evidence and certificates mentioned
above or elsewhere in this Sales Agreement will comply only if they are in form and scope reasonably satisfactory to counsel for the Sales
Manager, provided that any such documents, forms of which are annexed hereto, shall be deemed satisfactory to such counsel if substantially
in such form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD><B>Termination</B>. (a) This Sales Agreement may be terminated by the Sales Manager by notifying the Fund at any time:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>before any of the Common Shares are first generally offered pursuant to this Sales Agreement by the Sales Manager;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>if, in the judgment of the Sales Manager, sale of any Common Shares is rendered impracticable or inadvisable because (A) trading in
the equity securities of the Fund is suspended by the Commission or by the principal exchange that lists the Common Shares, (B) trading
in securities generally on the NYSE or the Nasdaq Stock Market shall have been suspended or limited or minimum or maximum prices shall
have been generally established on such exchange or over-the-counter market, (C) additional material governmental restrictions, not in
force on the date of this Sales Agreement, have been imposed upon trading in securities or trading has been suspended on any U.S. securities
exchange, (D) a general banking moratorium has been established by U.S. federal or New York authorities or (E) any material adverse change
in the financial or securities markets in the United States or in political, financial or economic conditions in the United States or
any outbreak or material escalation of hostilities or declaration by the United States of a national emergency or war or other calamity,
terrorist activity or crisis shall have occurred the effect of any of which is such as to make it, in the sole judgment of the Sales Manager,
impracticable or inadvisable to market the Common Shares on the terms and in the manner contemplated by the Prospectus;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>as of or before any Settlement Date, if any of the conditions specified in Article 5 have not been fulfilled when and as required
by this Sales Agreement;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD>in its sole discretion for any reason on or after the third anniversary of the date hereof; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD>in its sole discretion for any reason by giving 30 days&rsquo; notice before the anniversary referred to in Section 6.1(a)(iv).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>The Fund may terminate this Sales Agreement only as follows:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>The Fund shall have the right by giving notice as hereinafter specified at any time to terminate this Sales Agreement if (A) the Sales
Manager shall have failed, refused or been unable, to perform any agreement on its part to be performed hereunder, (B) any other condition
of the Fund&rsquo;s obligations hereunder is not fulfilled completely or (C) at any time in the judgment of the Fund the sale of any shares
is rendered inadvisable or impracticable for any of the reasons set forth in Section 6.1(a)(ii)(A)-(E).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>The Fund shall have the right, by giving notice as hereinafter specified, to terminate this Sales Agreement in its sole discretion
at any time and for any reason on or after the third anniversary of the date of this Sales Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>Notwithstanding anything contained in this Section 6.1(b) to the contrary, the Fund shall have the right, by giving notice as hereinafter
specified, to terminate this Sales Agreement in its sole discretion at any time before the anniversary referred to in Section 6.1(b)(ii)
provided that the Fund shall reimburse the Sales Manager for its reasonable costs and expenses (including, without limitation, legal fees
and disbursements of counsel and ongoing due diligence costs and expenses) incurred in connection with the negotiation and consummation
of this Sales Agreement and the transactions contemplated thereby (unless already reimbursed by the Fund to the Sales Manager pursuant
to Section 4(h)(i) above). Such total expenses to be paid hereunder and pursuant to Section 4(h)(i) shall not together exceed $25,000.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>Any termination of this Sales Agreement shall be effective on the date specified in such notice of termination; provided that such
termination shall not be effective earlier than the close of business on the date of receipt of such notice by the Sales Manager or the
Fund, as the case may be. If such termination shall occur during a period when sales of Common Shares are being made pursuant to this
Sales Agreement, any sales of Common Shares made prior to the termination of this Sales Agreement shall settle in accordance with the
provisions of this Sales Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.</TD><TD><B>Indemnity and Contribution</B>.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>Each of the Fund and the Investment Adviser, jointly and severally, agrees to indemnify, defend and hold harmless the Sales Manager,
its partners, directors and officers, and any person who controls the Sales Manager within the meaning of Section 15 of the Securities
Act or Section 20 of the Exchange Act, and their successors and assigns of all of the foregoing persons from and against any loss, damage,
expense, liability or claim (including the reasonable cost of investigation) which, jointly or severally, the Sales Manager or any such
person may incur under the Securities Act, the Exchange Act, the Investment Company Act, the Advisers Act, the common law or otherwise,
insofar as such loss, damage, expense, liability or claim (i) arises out of or is based upon any untrue statement or alleged untrue statement
of a material fact contained in the Registration Statement (or in the Registration Statement as amended by any post-effective amendment
thereof by the Fund) or arises out of or is based upon any omission or alleged omission to state a material fact required to be stated
therein or necessary to make the statements therein not misleading or (ii) arises out of or is based any untrue statement or alleged untrue
statement of a material fact included in any Road Show Material, the Disclosure Package, any Sales Material or the Prospectus or arises
out of or is based upon any omission or alleged omission to state a material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading; except with respect to either of the foregoing clause (i) and
(ii) insofar as any such loss, damage, expense, liability or claim arises out of or is based upon any untrue statement or alleged untrue
statement of a material fact contained in and in conformity with information concerning the Sales Manager furnished in writing by or on
behalf of the Sales Manager to the Fund expressly for use with reference to the Sales Manager in such Registration Statement or in such
Disclosure Package or Prospectus as set forth in Section 7(f) hereof or arises out of or is based upon any omission or alleged omission
to state a material fact in connection with such information required to be stated in such Registration Statement or such Disclosure Package
or Prospectus or necessary to make such information (with respect to such Disclosure Package or Prospectus, in light of the circumstances
under which they were made) not misleading.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">If any action, suit or proceeding (together, a &ldquo;<U>Proceeding</U>&rdquo;)
is brought against the Sales Manager or any such person in respect of which indemnity may be sought against the Fund or the Investment
Adviser pursuant to the foregoing paragraph, the Sales Manager or such person shall promptly notify the Fund or the Investment Adviser,
as the case may be, in writing of the institution of such Proceeding and the Fund or the Investment Adviser shall assume the defense of
such Proceeding, including the employment of counsel reasonably satisfactory to such indemnified party and payment of all fees and expenses;
provided, however, that the omission to so notify the Fund or the Investment Adviser shall not relieve the Fund or the Investment Adviser
from any liability which the Fund or the Investment Adviser may have to the Sales Manager or any such person to the extent the Fund or
the Investment Adviser are not materially prejudiced as a result thereof and in any event shall not relieve the Fund or the Investment
Adviser from any liability which it may have otherwise than on account of this indemnity agreement. The Sales Manager or such person shall
have the right to employ its or their own counsel in any such case, but the reasonable fees and expenses of such counsel shall be at the
expense of the Sales Manager or of such person unless the employment of such counsel shall have been authorized in writing by the Fund
or the Investment Adviser, as the case may be, in connection with the defense of such Proceeding or the Fund or the Investment Adviser
shall not have, within a reasonable period of time in light of the circumstances, employed counsel to have charge of the defense of such
Proceeding or such indemnified party or parties shall have reasonably concluded that there may be defenses available to it or them, which
are different from, additional to or in conflict with those available, to the Fund or the Investment Adviser (in which case the Fund,
the Investment Adviser shall not have the right to direct the defense of such Proceeding on behalf of the indemnified party or parties),
in any of which events such reasonable fees and expenses shall be borne by the Fund or the Investment Adviser and paid as incurred (it
being understood, however, that the Fund or the Investment Adviser shall not be liable for the expenses of more than one separate counsel
(in addition to any local counsel) in any one Proceeding or series of related Proceedings in the same jurisdiction representing the indemnified
parties who are parties to such Proceeding). Neither the Fund nor the Investment Adviser shall be liable for any settlement of any Proceeding
effected without its written consent but if settled with the written consent of the Fund or the Investment Adviser, the Fund or the Investment
Adviser, as the case may be, agrees to indemnify and hold harmless the Sales Manager and any such person from and against any loss or
liability by reason of such settlement. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested
an indemnifying party to reimburse the indemnified party for reasonable fees and expenses of counsel as contemplated by the second sentence
of this paragraph, then the indemnifying party agrees that it shall be liable for any settlement of any Proceeding effected without its
written consent if (i) such settlement is entered into more than 60 business days after receipt by such indemnifying party of the aforesaid
request, (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request prior to the date
of such settlement and (iii) such indemnified party shall have given the indemnifying party at least 30 days&rsquo; prior notice of its
intention to settle. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of
any pending or threatened Proceeding in respect of which any indemnified party is or could have been a party and indemnity could have
been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from
all liability on claims that are the subject matter of such Proceeding and does not include an admission of fault, culpability or a failure
to act, by or on behalf of such indemnified party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>The Sales Manager agrees to indemnify, defend and hold harmless the Fund and the Investment Adviser, and each of their respective
shareholders, partners, managers, members, trustees, directors and officers, and any person who controls the Fund or the Investment Adviser
within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, and the successors and assigns of all of the
foregoing persons from and against any loss, damage, expense, liability or claim (including the reasonable cost of investigation), which,
jointly or severally, the Fund, the Investment Adviser or any such person may incur under the Securities Act, the Exchange Act, the Investment
Company Act, the Advisers Act, the common law or otherwise, insofar as such loss, damage, expense, liability or claim arises out of or
is based upon any untrue statement or alleged untrue statement of a material fact contained in and in conformity with information concerning
the Sales Manager furnished in writing by or on behalf of the Sales Manager to the Fund or the Investment Adviser expressly for use with
reference to the Sales Manager in the Registration Statement (or in the Registration Statement as amended by any post-effective amendment
thereof by the Fund) or in the Disclosure Package or Prospectus as set forth in Section 7(f) hereof, or arises out of or is based upon
any omission or alleged omission to state a material fact in connection with such information required to be stated in such Registration
Statement or the Disclosure Package or Prospectus or necessary to make such information not misleading (with respect to the Disclosure
Package and Prospectus, in light of the circumstances under which they were made).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">If any Proceeding is brought against the Fund, the Investment
Adviser or any such person in respect of which indemnity may be sought against the Sales Manager pursuant to the foregoing paragraph,
the Fund, the Investment Adviser or such person shall promptly notify the Sales Manager in writing of the institution of such Proceeding
and the Sales Manager shall assume the defense of such Proceeding, including the employment of counsel reasonably satisfactory to such
indemnified party and payment of all fees and expenses; provided, however, that the omission to so notify the Sales Manager shall not
relieve the Sales Manager from any liability which the Sales Manager may have to the Fund, the Investment Adviser or any such person to
the extent the Sales Manager is not materially prejudiced as a result thereof and in any event shall not relieve the Sales Manager from
any liability which it may have otherwise than on account of this indemnity agreement. The Fund, the Investment Adviser or such person
shall have the right to employ its own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of
the Fund, the Investment Adviser or such person, as the case may be, unless the employment of such counsel shall have been authorized
in writing by the Sales Manager in connection with the defense of such Proceeding or the Sales Manager shall not have, within a reasonable
period of time in light of the circumstances, employed counsel to have charge of the defense of such Proceeding or such indemnified party
or parties shall have reasonably concluded that there may be defenses available to it or them, which are different from or additional
to or in conflict with those available to the Sales Manager (in which case the Sales Manager shall not have the right to direct the defense
of such Proceeding on behalf of the indemnified party or parties, but the Sales Manager may employ counsel and participate in the defense
thereof but the fees and expenses of such counsel shall be at the expense of the Sales Manager), in any of which events such fees and
expenses shall be borne by the Sales Manager and paid as incurred (it being understood, however, that the Sales Manager shall not be liable
for the expenses of more than one separate counsel (in addition to any local counsel) in any one Proceeding or series of related Proceedings
in the same jurisdiction representing the indemnified parties who are parties to such Proceeding). The Sales Manager shall not be liable
for any settlement of any such Proceeding effected without the written consent of the Sales Manager but if settled with the written consent
of the Sales Manager agrees to indemnify and hold harmless the Fund, the Investment Adviser and any such person from and against any loss
or liability by reason of such settlement. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested
an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by the second sentence of this
paragraph, then the indemnifying party agrees that it shall be liable for any settlement of any Proceeding effected without its written
consent if (i) such settlement is entered into more than 60 business days after receipt by such indemnifying party of the aforesaid request,
(ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request prior to the date of such
settlement and (iii) such indemnified party shall have given the indemnifying party at least 30 days&rsquo; prior notice of its intention
to settle. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending
or threatened Proceeding in respect of which any indemnified party is or could have been a party and indemnity could have been sought
hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability
on claims that are the subject matter of such Proceeding and does not include an admission of fault, culpability or a failure to act,
by or on behalf of such indemnified party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>If the indemnification provided for in this Section 7 is unavailable to an indemnified party under subsections (a) and (b) of this
Section 7 in respect of any losses, damages, expenses, liabilities or claims referred to therein, then each applicable indemnifying party,
in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of
such losses, damages, expenses, liabilities or claims (i) in such proportion as is appropriate to reflect the relative benefits received
by the Fund and the Investment Adviser on the one hand and the Sales Manager on the other hand from the offering of the Common Shares
or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect
not only the relative benefits referred to in clause (i) above but also the relative fault of the Fund and the Investment Adviser on the
one hand and of the Sales Manager on the other in connection with the statements or omissions, which resulted in such losses, damages,
expenses, liabilities or claims, as well as any other relevant equitable considerations. The relative benefits received by the Fund and
the Investment Adviser on the one hand and the Underwriters on the other shall be deemed to be in the same respective proportions as the
total proceeds from the offering (net of underwriting discounts and commissions but before deducting expenses) received by the Fund and
the total commissions received by bear to the aggregate public offering price of the Common Shares. The relative fault of the Fund and
the Investment Adviser one hand and of the Sales Manager on the other shall be determined by reference to, among other things, whether
the untrue statement or alleged untrue statement of a material fact or omission or alleged omission relates to information supplied by
the Fund or the Investment Adviser or by the Sales Manager and the parties&rsquo; relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the losses, damages,
expenses, liabilities and claims referred to in this subsection shall be deemed to include any legal or other fees or expenses reasonably
incurred by such party in connection with investigating, preparing to defend or defending any Proceeding.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>The Fund, the Investment Adviser and the Sales Manager agree that it would not be just and equitable if contribution pursuant to this
Section 7 were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations
referred to in subsection (c) above. Notwithstanding the provisions of this Section 7, the Sales Manager shall not be required to contribute
any amount in excess of the fees and commissions received by the Sales Manager. No person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD>The indemnity and contribution agreements contained in this Section 7 and the covenants, warranties and representations of the Fund
contained in this Sales Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of the Sales
Manager, its partners, directors or officers or any person (including each partner, officer or director of such person) who controls the
Sales Manager within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, or by or on behalf of the Fund,
the Investment Adviser, its shareholders, partners, advisers, members, trustees, directors or officers or any person who controls the
Fund or the Investment Adviser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, and shall survive
any termination of this Sales Agreement or the issuance and delivery of the Common Shares. The Fund, the Investment Adviser and the Sales
Manager agree promptly to notify each other of the commencement of any Proceeding against it and, in the case of the Fund or the Investment
Adviser, against any of the Fund&rsquo;s or the Investment Adviser&rsquo;s shareholders, partners, managers, members, trustees, directors
or officers in connection with the issuance and sale of the Common Shares, or in connection with the Registration Statement or Prospectus.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD>The Fund and the Investment Adviser each acknowledge that the statements in the Prospectus with respect to stabilization and selling
concessions and reallowances of selling commissions under the caption &ldquo;Plan of Distribution&rdquo; in the Prospectus constitute
the only information furnished in writing by or on behalf of the Sales Manager to the Fund expressly for use with reference to the Sales
Manager in the Registration Statement or in the Disclosure Package or the Prospectus (as amended or supplemented). The Sales Manager confirms
that these statements are correct in all material respects and were so furnished by or on behalf of the Sales Manager for use in the Prospectus.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD>Notwithstanding any other provisions in this Section 7, no party shall be entitled to indemnification or contribution under this Sales
Agreement against any loss, claim, liability, expense or damage arising by reason of such person&rsquo;s willful misfeasance, bad faith,
gross negligence or reckless disregard of its duties in the performance of its duties hereunder. The parties hereto acknowledge that the
foregoing provision shall be applicable solely as to matters arising under Section 17(i) of the Investment Company Act, and shall not
be construed to impose any duties or obligations upon any such parties under this Sales Agreement other than as specifically set forth
herein (it being understood that the Sales Manager have no duty hereunder to the Fund to perform any due diligence investigation).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.</TD><TD><B>Notices</B>. Except as otherwise herein provided, all statements, requests, notices and agreements shall be in writing or by telegram
and, if to the Sales Manager shall be sufficient in all respects if delivered or sent to G.research, LLC, One Corporate Center, Rye, New
York 10580, Attention: Syndicate Department, and if to the Fund or the Investment Adviser, shall be sufficient in all respects if delivered
or sent to the Fund or the Investment Adviser, as the case may be, at the offices of the Fund or the Investment Adviser at the same address.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.</TD><TD><B>Governing Law; Construction</B>. This Sales Agreement and any claim, counterclaim or dispute of any kind or nature whatsoever arising
out of or in any way relating to this Sales Agreement (&ldquo;<U>Claim</U>&rdquo;), directly or indirectly, shall be governed by, and
construed in accordance with, the laws of the State of New York. The Section headings in this Sales Agreement have been inserted as a
matter of convenience of reference and are not a part of this Sales Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.</TD><TD><B>Submission to Jurisdiction</B>. Except as set forth below, no Claim may be commenced, prosecuted or continued in any court other
than the courts of the State of New York located in the County of Westchester or in the United States District Court for the Southern
District of New York, which courts shall have jurisdiction over the adjudication of such matters, and the Fund and the Sales Manager each
consent to the jurisdiction of such courts and personal service with respect thereto. Each of the Sales Manager, the Fund (on its behalf
and, to the extent permitted by applicable law, on behalf of its shareholders and affiliates) and the Investment Adviser (on its behalf
and, to the extent permitted by applicable law, on behalf of its shareholders and affiliates) waives all right to trial by jury in any
action, proceeding or counterclaim (whether based upon contract, tort or otherwise) in any way arising out of or relating to this Sales
Agreement. Each of the Fund and the Investment Adviser agrees that a final judgment in any such action, proceeding or counterclaim brought
in any such court shall be conclusive and binding upon the Fund and the Investment Adviser, as the case may be, and may be enforced in
any other courts in the jurisdiction of which the Fund or the Investment Adviser, as the case may be, is or may be subject, by suit upon
such judgment.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">11.</TD><TD><B>Parties at Interest</B>. The Agreement herein set forth has been and is made solely for the benefit of the Sales Manager, the Fund,
the Investment Adviser and to the extent provided in Section 7 hereof the controlling persons, shareholders, partners, members, trustees,
managers, directors and officers referred to in such section, and their respective successors, assigns, heirs, personal representatives
and executors and administrators. No other person, partnership, association or corporation (including a purchaser, as such purchaser,
through the Sales Manager) shall acquire or have any right under or by virtue of this Sales Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">12.</TD><TD><B>Counterparts</B>. This Sales Agreement may be signed by the parties in one or more counterparts which together shall constitute
one and the same agreement among the parties.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">13.</TD><TD><B>Successors and Assigns</B>. This Sales Agreement shall be binding upon the Sales Manager, the Fund, the Investment Adviser and
any successor or assign of any substantial portion of the Fund&rsquo;s, the Investment Adviser&rsquo;s or the Sales Manager&rsquo;s respective
businesses and/or assets.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the foregoing correctly sets forth the understanding among the Fund,
the Investment Adviser and the Sales Manager, please so indicate in the space provided below, whereupon this letter and your acceptance
shall constitute a binding agreement among the Fund, the Investment Adviser and the Sales Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">Sincerely,</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">GAMCO GLOBAL GOLD,<BR>
NATURAL RESOURCES &amp;<BR>
INCOME TRUST</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&nbsp;</TD>
  <TD STYLE="width: 20%">&nbsp;</TD>
  <TD STYLE="width: 30%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">/s/ John C. Ball</TD>
  <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>By: John C. Ball</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Title: President</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">GABELLI FUNDS, LLC</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">/s/ John C. Ball</TD>
  <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>By: John C. Ball</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Title: Chief Operating Officer</TD>
  <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Accepted and agreed to as of<BR>
the date first above written, on behalf of itself</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">G.research, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="border-bottom: Black 1pt solid; width: 20%; text-align: left">/s/ Cornelius McGinity</TD><TD STYLE="padding-bottom: 1pt; width: 80%">&nbsp;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By: Cornelius McGinity<BR>
Title: Chairman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE A</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM OF OPINION LEGAL COUNSEL REGARDING THE FUND</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE B</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM OF OPINION OF LEGAL COUNSEL REGARDING THE
INVESTMENT ADVISER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE C</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM LETTER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <!-- Field: /Page -->

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(L)(II)
<SEQUENCE>4
<FILENAME>ex99-lii.htm
<DESCRIPTION>OPINION AND CONSENT OF SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP WITH RESPECT TO LEGALITY
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">


<!-- Field: Rule-Page --><DIV STYLE="margin-right: 0; margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="margin-top: 0; margin-right: 0; font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><A HREF="ggn-posex_042224.htm">GAMCO Global Gold, Natural Resources &amp; Income Trust POS EX</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 99.(l)(ii)</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Letterhead of Skadden, Arps, Slate, Meagher &amp;
Flom LLP]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">April 24, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">GAMCO Global Gold, Natural Resources &amp; Income
Trust<BR>
One Corporate Center</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Rye, New York 10580-1422</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 8%">RE:</TD>
    <TD STYLE="width: 35%; text-align: left">GAMCO Global Gold, Natural Resources &amp; Income Trust</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">Registration Statement on Form N-2</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have acted as special counsel
to GAMCO Global Gold, Natural Resources &amp; Income Trust, a statutory trust (the &ldquo;<U>Trust</U>&rdquo;) created under the Delaware
Statutory Trust Act (the &ldquo;<U>DSTA</U>&rdquo;), in connection with the issuance and sale by the Trust of up to 20,000,000 shares
(the &ldquo;<U>Shares</U>&rdquo;) of the Trust&rsquo;s common shares of beneficial interest, par value $0.001 per share (the &ldquo;<U>Common
Shares</U>&rdquo;), pursuant to the Sales Agreement, dated April 22, 2024, among G.research, LLC, the Trust and Gabelli Funds, LLC, a
New York limited liability company and the investment adviser to the Trust (the &ldquo;<U>Sales Agreement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This opinion is being furnished
in accordance with the requirements of sub-paragraph (l) of item 25.2 of part C of Form N-2 under the Securities Act of 1933, as amended
(the &ldquo;<U>Securities Act</U>&rdquo;), and the Investment Company Act of 1940, as amended (the &ldquo;<U>1940 Act</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In rendering the opinions
stated herein, we have examined and relied upon the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(i)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">the registration statement on Form N-2 (File Nos. 333-277179 and 811-21698) of the Trust, filed with the Securities and Exchange Commission
(the &ldquo;<U>Commission</U>&rdquo;) on February 20, 2024 under the Securities Act and the 1940 Act, allowing for delayed offerings pursuant
to Rule 415 of the General Rules and Regulations under the Securities Act (the &ldquo;<U>Securities Act Rules and Regulations</U>&rdquo;),
as amended by Pre-Effective Amendment No. 1 thereto, including information deemed to be a part of the registration statement pursuant
to Rule 430B of the Securities Act Rules and Regulations; the Notice of Effectiveness of the Commission posted on its website declaring
such registration statement effective on April 24, 2024; and Post-Effective Amendment No. 1 thereto to be filed with the Commission on
the date hereof pursuant to Rule 462(d) of the Securities Act Rules and Regulations (such registration statement, as so amended, being
hereinafter referred to as the &ldquo;<U>Registration Statement</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(ii)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">the prospectus, dated April 24, 2024 (the &ldquo;<U>Base Prospectus</U>&rdquo;), which forms a part of and is included in the Registration
Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">GAMCO Global Gold, Natural Resources &amp; Income Trust</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">April 24, 2024</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(iii)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">the Statement of Additional Information, dated April 24, 2024, in the form filed with the Commission on the date hereof pursuant to Rule
424(b)(2) of the Securities Act Rules and Regulations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(iv)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">the prospectus supplement, dated April 24, 2024 (together with the Base Prospectus, the &ldquo;<U>Prospectus</U>&rdquo;), relating to
the offering of the Shares, in the form filed with the Commission on the date hereof pursuant to Rule 424(b)(2) of the Securities Act
Rules and Regulations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(v)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">an executed copy of the Sales Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(vi)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">an executed copy of a certificate of Peter Goldstein, Secretary of the Trust, dated the date hereof (the &ldquo;<U>Secretary&rsquo;s Certificate</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(vii)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">copies of (i) the Trust&rsquo;s Certificate of Trust and (ii) Certificates of Amendment to the Trust&rsquo;s Certificate of Trust, dated
January 12, 2005, September 6, 2007, December 1, 2011 and March 26, 2014 (collectively, (i) and (ii), the &ldquo;<U>Certificate of Trust</U>&rdquo;),
each certified by the Secretary of State of the State of Delaware as of April 24, 2024, and certified pursuant to the Secretary&rsquo;s
Certificate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(viii)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">a copy of the Trust&rsquo;s Third Amended and Restated Agreement and Declaration of Trust, by the trustees of the Trust, dated as of February
16, 2011, as amended and supplemented by the Statement of Preferences of the 5.00% Series B Cumulative Preferred Shares, dated as of May
7, 2013 (as so amended and supplemented, the &ldquo;<U>Declaration of Trust</U>&rdquo;), certified pursuant to the Secretary&rsquo;s Certificate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(ix)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">a copy of the Trust&rsquo;s Third Amended and Restated By-Laws, as amended and in effect as of the date hereof (the &ldquo;<U>By-Laws</U>&rdquo;),
certified pursuant to the Secretary&rsquo;s Certificate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(x)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">copies of certain resolutions adopted by the Board of Trustees of the Trust (the &ldquo;<U>Board of Trustees</U>&rdquo;) on February 13,
2024 (the &ldquo;<U>Board Resolutions</U>&rdquo;), certified pursuant to the Secretary&rsquo;s Certificate; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(xi)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">a copy of a certificate, dated the date hereof, from the Secretary of State of the State of Delaware with respect to the Trust&rsquo;s
existence and good standing in the State of Delaware.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have also examined originals
or copies, certified or otherwise identified to our satisfaction, of such records of the Trust and such agreements, certificates and receipts
of public officials, certificates of officers or other representatives of the Trust and others, and such other documents as we have deemed
necessary or appropriate as a basis for the opinions stated below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In our examination, we have
assumed the genuineness of all signatures, including electronic signatures, the legal capacity and competency of all natural persons,
the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us
as facsimile, electronic, certified or photocopied copies, and the authenticity of the originals of such copies. As to any facts relevant
to the opinions stated herein that we did not independently establish or verify, we have relied upon statements and representations of
officers and other representatives of the Trust and others and of public officials, including the facts and conclusions set forth in the
Secretary&rsquo;s Certificate and the factual representations and warranties contained in the Sales Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We do not express any opinion
with respect to the laws of any jurisdiction other than the DSTA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Based upon the foregoing and
subject to the qualifications and assumptions stated herein, we are of the opinion that the Shares have been duly authorized by all requisite
statutory trust action on the part of the Trust under the DSTA and when the Shares are duly registered in the share record books of the
Trust and the Shares are delivered upon payment of the consideration determined pursuant to the Board Resolutions and issued and sold
in accordance with the provisions of the Sales Agreement, the Shares will be validly issued, fully paid and non-assessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In rendering the foregoing
opinion, we have assumed that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">the
Certificate of Trust, the Declaration of Trust and the By-Laws are the only governing instruments, as defined under the DSTA, of the Trust;
the Trust has, and since the time of its formation has had, at least one validly admitted and existing trustee of the Trust and (i) no
procedures have been instituted for, and no other event has occurred, including, without limitation, any action taken by the Trust or
its Board of Trustees or shareholders, as applicable, that would result in the liquidation, dissolution or winding-up of the Trust, (ii)
no event has occurred that has adversely affected the good standing of the Trust under the laws of its jurisdiction of formation, and
the Trust has taken all actions required by the laws of its jurisdiction of formation to maintain such good standing and (iii) no grounds
exist for the revocation or forfeiture of the Certificate of Trust; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">GAMCO Global Gold, Natural Resources &amp; Income Trust</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">April 24, 2024</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 -11pt; text-align: justify; text-indent: 0.5in">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">all
Shares issued and sold pursuant to the Sales Agreement are sold at a price that is not below either (i) the $0.001 par value per Common
Share or (ii) the then current net asset value per Common Share, exclusive of any distributing commission or discount, which net asset
value shall be determined as of a time within forty-eight hours, excluding Sundays and holidays, next preceding the time of such determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We hereby consent to the filing
of this opinion with the Commission as an exhibit to the Registration Statement. We also hereby consent to the reference to our firm under
the heading &ldquo;Legal Matters&rdquo; in the Prospectus forming part of the Registration Statement. In giving this consent, we do not
thereby admit that we are within the category of persons whose consent is required under Section&nbsp;7 of the Securities Act or the Securities
Act Rules and Regulations. This opinion is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking
to advise you of any subsequent changes in the facts stated or assumed herein or of any subsequent changes in applicable laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 60%">&nbsp;</TD>
  <TD STYLE="text-align: justify; width: 40%">Very truly yours,</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="padding-bottom: 1pt; width: 60%">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 40%">/s/ Skadden, Arps, Slate, Meagher &amp; Flom LLP</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">K.E.B.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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