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<SEC-DOCUMENT>0000950123-10-004562.txt : 20100122
<SEC-HEADER>0000950123-10-004562.hdr.sgml : 20100122
<ACCEPTANCE-DATETIME>20100122172648
ACCESSION NUMBER:		0000950123-10-004562
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100115
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100122
DATE AS OF CHANGE:		20100122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI UTILITY TRUST
		CENTRAL INDEX KEY:			0001080720
		IRS NUMBER:				134046522
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-09243
		FILM NUMBER:		10542830

	BUSINESS ADDRESS:	
		STREET 1:		1 CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215083

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI UTILITY FUND
		DATE OF NAME CHANGE:	19990225
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>y81636ce8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<HEAD>
<TITLE>e8vk</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 6pt">WF &#38; G&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</Div>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt; margin-top: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>
<DIV style="width: 26%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Pursuant to Section&nbsp;13 or 15(d) of the<BR>
Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (date of earliest event reported): January&nbsp;15, 2010</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>The Gabelli Utility Trust</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>811-09243</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>13-4046522</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="white-space: nowrap">(State or other jurisdiction of incorporation)</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>One Corporate Center<BR>
Rye, New York 10580-1422</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 0pt">(Address of principal executive offices and zip code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: <B>1-800-422-3554</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Not Applicable</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 0pt">(Former name or former address, if changed since last report)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;5 &#151; Corporate Governance and Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On January&nbsp;15, 2010, the Board of Trustees of The Gabelli Utility Trust (the &#147;Fund&#148;) approved and
adopted an amendment (the
&#147;Amendment&#148;) to the Amended and Restated By-Laws  of the
Fund. The Amendment was
effective as of January&nbsp;15, 2010. The  Amendment sets forth  the processes and
procedures that shareholders of the Fund must follow, and specifies additional information that
shareholders of the Fund must provide, when proposing trustee nominations at any annual or special
meeting of shareholders or other business to be considered at an annual meeting of shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The
preceding is qualified in its entirety by reference to the Amendment,
which is attached
hereto as Exhibit 3.1 and is incorporated herein by reference.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;9 &#151; Financial Statements and Exhibits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;&nbsp;&nbsp;Exhibits
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="left" valign="top">3.1</TD>
    <TD>&nbsp;</TD>

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amendment
No. 1, dated January&nbsp;15, 2010, to the Amended and Restated By-Laws of The Gabelli Utility Trust</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE GABELLI UTILITY TRUST<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: January 22, 2010&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Agnes Mullady
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Agnes Mullady&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amendment
No. 1, dated January&nbsp;15, 2010, to the Amended and Restated By-Laws of The Gabelli Utility Trust</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
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</TEXT>
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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>y81636cexv3w1.htm
<DESCRIPTION>EX-3.1
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<TITLE>exv3w1</TITLE>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><FONT style="font-variant: SMALL-CAPS"><B>Amendment No.&nbsp;1 to </B></FONT></U><BR>
<U><FONT style="font-variant: SMALL-CAPS"><B>Amended and Restated By-Laws of</B></FONT></U><BR>
<U><FONT style="font-variant: SMALL-CAPS"><B>The Gabelli Utility Trust,</B></FONT></U><BR>
<U><FONT style="font-variant: SMALL-CAPS"><B>a Delaware Trust</B></FONT></U><BR>
<U><B>(Dated and effective as of January&nbsp;15, 2010)</B></U>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 12pt"><B>ARTICLE I</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><B>1.6</B></U><B>.</B><SUP style="font-size: 85%; vertical-align: text-top"><B>1</B></SUP><B> Proposals by Shareholders of Business.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(a)&nbsp;</B><U><B>Annual Meetings of Shareholders</B></U><B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;Proposals of business to be considered by the Fund&#146;s shareholders may be made at an annual
meeting of shareholders (i)&nbsp;by or at the direction of the Board of Trustees or (ii)&nbsp;by any
shareholder of the Fund who was a shareholder of record from the time the shareholder gives notice
as provided for in this Section&nbsp;1.6 to the time of the annual meeting, who is entitled to vote at
the annual meeting on any such business and who has complied with this Section&nbsp;1.6.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;For any business to be properly brought before an annual meeting by a shareholder pursuant
to Section&nbsp;1.6(a)(1), the shareholder must have given timely notice thereof in writing to the
Secretary of the Fund and such business must otherwise be a proper matter for action by the
shareholders. To be timely, a shareholder&#146;s notice shall set forth all information required under
this Section&nbsp;1.6 and shall be delivered to the Secretary at the principal executive office of the
Fund neither earlier than 9:00 a.m. on the 120<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day nor later than 5:00 p.m., Eastern
Time, on the 90<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day before the first anniversary of the date of the proxy statement
for the preceding year&#146;s annual meeting; <U>provided</U>, <U>however</U>, that notice for the
2010 annual meeting of shareholders shall be delivered to the Secretary at the principal executive
office of the Fund no later than 5:00 p.m., Eastern Time, on the 60<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day before the
first anniversary of the date of the proxy statement for the 2009 annual meeting of shareholders;
<U>provided</U>, <U>further</U>, <U>however</U>, that in the event the date of the annual
meeting is advanced or delayed by more than 25&nbsp;days from the first anniversary of the date of the
preceding year&#146;s annual meeting, or in the event that no annual meeting was held the preceding
year, notice by the shareholder will be timely if so delivered not later than 5:00 p.m., Eastern
Time, on the tenth day following the day on which public announcement of the date of such annual
meeting is first made. The public announcement of a postponement or adjournment of an annual
meeting shall not commence a new time period for the giving of a shareholder&#146;s notice as described
above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;Any shareholder&#146;s notice delivered pursuant to Section&nbsp;1.6(a)(2) shall set forth:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;as to any business that the shareholder proposes to bring before the annual meeting, a
description of such business (including the complete text of any resolutions to be presented at the
annual meeting), the shareholder&#146;s reasons for proposing such business at the annual meeting and
any material interest in such business of such shareholder or any Shareholder Associated Person (as
defined below), individually or in the aggregate, including any anticipated benefit to the
shareholder or any Shareholder Associated Person therefrom;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;as to each of the shareholder giving the notice and any Shareholder Associated Person,
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>The text that follows replaces in its entirety
the prior text of Article&nbsp;I, Section&nbsp;1.6 of the Amended and Restated By-Laws of
The Gabelli Utility Trust.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;the class, series and number of all shares of stock or other securities of the Fund
(collectively, &#147;<U>Company Securities</U>&#148;), if any, which are owned (beneficially or of record)
by such shareholder or Shareholder Associated Person, the date(s) on which such Company Securities
were acquired and the investment intent of such acquisition(s), and any short interest (including
any opportunity to profit or share in any benefit from any decrease in the price of such stock or
other security) in any Company Securities of any such person (whether or not such person maintains
a &#147;net long&#148; position),
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;the nominee holder for, and number of, any Company Securities owned beneficially but not
of record by such shareholder or Shareholder Associated Person,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)&nbsp;whether and the extent to which such shareholder or Shareholder Associated Person,
directly or indirectly (through brokers, nominees or otherwise), is subject to or during the last
twelve months has engaged in any hedging, derivative or other transaction or series of transactions
or entered into any other agreement, arrangement or understanding (including any short interest,
any borrowing or lending of securities or any proxy or voting agreement) (w)&nbsp;the value of which is
derived in whole or in part from the value of any Company Securities, (x)&nbsp;which otherwise provides
any direct or indirect opportunity to gain or share in any gain derived from changes in the value
or price of any Company Securities, (y)&nbsp;the effect or intent of which is to mitigate loss or manage
risk or benefit of changes in the value or price of any Company Securities, or (z)&nbsp;which provides
the right to vote or increase or decrease the voting power of such shareholder or Shareholder
Associated Person, with respect to any Company Securities;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)&nbsp;whether such shareholder or Shareholder Associated Person is, or is not, an &#147;interested
person&#148; of the Fund, as such term is defined in the Investment Company Act of 1940, as amended, and
the rules promulgated thereunder, and information regarding such shareholder or Shareholder
Associated Person that is sufficient, in the discretion of the Board of Trustees or any committee
thereof or any authorized officer of the Fund, to make such determination;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;as to each of the shareholder giving the notice and any Shareholder Associated Person
with an interest or ownership referred to in clause (ii)&nbsp;of this Section&nbsp;1.6(a)(3),
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;the name and address of such shareholder, as they appear on the Fund&#146;s stock ledger, and
the current name and business address, if different, of each such Shareholder Associated Person,
and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;the investment strategy or objective, if any, of such shareholder and each such
Shareholder Associated Person who is not an individual and a copy of the prospectus, offering
memorandum or similar document, if any, provided to investors or potential investors in such
shareholder and each such Shareholder Associated Person;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;to the extent known by the shareholder giving the notice, the name and address of any
other shareholder supporting the proposal of business on the date of such shareholder&#146;s notice; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;a representation that the shareholder giving notice intends to appear in person or by
proxy at the annual meeting of shareholders to bring such business before the annual meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&#147;<U>Shareholder Associated Person</U>&#148; of any shareholder means (i)&nbsp;any person acting in
concert with such shareholder (including, but not limited to, in connection with such shareholder&#146;s
proposal of one or more Proposed Nominees (as defined in Article&nbsp;I, Section&nbsp;1.7 of these Bylaws)
and/or of any business) with respect to the Fund or any Company Securities, (ii)&nbsp;any beneficial
owner of shares of stock of the Fund owned of record or beneficially by such shareholder (as
defined in Rule&nbsp;16a-1(a)(1), without reference to the proviso therein, or Rule&nbsp;16a-1(a)(2), or any
successor provisions, under the Securities
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> - 2 - <!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Exchange Act of 1934, as amended), and (iii)&nbsp;any person that directly, or indirectly through
one or more intermediaries, controls, or is controlled by, or is under common control with, such
shareholder or such Shareholder Associated Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(b)&nbsp;</B><U><B>Special Meetings of Shareholders</B></U>. Only such business shall be conducted at a
special meeting of shareholders as shall have been brought before the special meeting pursuant to
the Fund&#146;s notice of meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(c)&nbsp;</B><U><B>General</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;If information submitted pursuant to this Section&nbsp;1.6 by any shareholder proposing
business at an annual meeting of shareholders shall be inaccurate or incomplete in any material
respect, such information may be deemed not to have been provided, and the business in respect of
which such information is required by Section&nbsp;1.6(a)(3) may be deemed not to have been proposed, in
accordance with this Section&nbsp;1.6. Any such shareholder shall notify the Fund of any inaccuracy or
incompleteness (within two business days of becoming aware of such inaccuracy or change) in any
such information. Within five business days after the record date related to the annual meeting of
shareholders, and upon written request by the Secretary or the Board of Trustees, within five
business days of delivery of such request (or such other period as may be specified in such
request), any such shareholder shall provide (i)&nbsp;written verification, satisfactory, in the
discretion of the Board of Trustees or any authorized officer of the Fund, to demonstrate the
accuracy or certify the completeness of any information submitted or required to be submitted by
the shareholder pursuant to this Section&nbsp;1.6, and (ii)&nbsp;a written update of any information
submitted by the shareholder pursuant to this Section&nbsp;1.6 as of the record date or a date not later
than such request by the Secretary or the Board of Trustees. If a shareholder fails to provide such
written verification or written update within such period, the information as to which written
verification or a written update was requested may be deemed not to have been provided, and the
business in respect of which such information is required by Section&nbsp;1.6(a)(3) may be deemed not to
have been proposed, in accordance with this Section&nbsp;1.6.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;Only such business shall be conducted at an annual meeting of shareholders as shall have
been brought before the annual meeting in accordance with this Section&nbsp;1.6. The Board of Trustees
and the chairman of the annual meeting shall each have the power to determine whether any business
proposed to be brought before the annual meeting was proposed in accordance with this Section&nbsp;1.6.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&#147;<U>Public announcement</U>&#148; shall mean disclosure (i)&nbsp;in a press release reported by the
Dow Jones News Service, Associated Press, Business Wire, PR Newswire or other widely circulated
news or wire service or (ii)&nbsp;in a document publicly filed by the Fund with the Securities and
Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;Notwithstanding the foregoing provisions of this Section&nbsp;1.6, a shareholder shall also
comply with all applicable requirements of state law and of the Securities Exchange Act of 1934, as
amended, and any rules and regulations thereunder. Nothing in these Bylaws shall be deemed to
affect any right of a shareholder to request inclusion of a proposal in, nor the right of the Fund
to omit a proposal from, the Fund&#146;s proxy statement pursuant to Rule&nbsp;14a-8 (or any successor
provision) under the Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><B>1.7</B></U><B>. Nominations by Shareholders.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(a)&nbsp;</B><U><B>Annual Meetings of Shareholders</B></U><B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;Nominations of individuals for election to the Board of Trustees may be made at an annual
meeting of shareholders (i)&nbsp;by or at the direction of the Board of Trustees or (ii)&nbsp;by any
shareholder of the Fund who was a shareholder of record from the time the shareholder gives notice
as provided for in this
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> - 3 - <!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Section&nbsp;1.7 to the time of the annual meeting, who is entitled to vote at the annual meeting
in the election of each individual so nominated and who has complied with this Section&nbsp;1.7.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;For any nomination to be properly brought before an annual meeting by a shareholder
pursuant to Section&nbsp;1.7(a)(1), the shareholder must have given timely notice thereof in writing to
the Secretary of the Fund. To be timely, a shareholder&#146;s notice shall set forth all information
required under this Section&nbsp;1.7 and shall be delivered to the Secretary at the principal executive
office of the Fund neither earlier than 9:00 a.m. on the 120<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day nor later than 5:00
p.m., Eastern Time, on the 90<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day before the first anniversary of the date of the
proxy statement for the preceding year&#146;s annual meeting; <U>provided</U>, <U>however</U>, that
notice for the 2010 annual meeting of shareholders shall be delivered to the Secretary at the
principal executive office of the Fund no later than 5:00 p.m., Eastern Time, on the
60<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day before the first anniversary of the date of the proxy statement for the 2009
annual meeting of shareholders; <U>provided</U>, <U>further</U>, <U>however</U>, that in the
event the date of the annual meeting is advanced or delayed by more than 25&nbsp;days from the first
anniversary of the date of the preceding year&#146;s annual meeting, or in the event that no annual
meeting was held the preceding year, notice by the shareholder will be timely if so delivered not
later than 5:00 p.m., Eastern Time, on the tenth day following the day on which public announcement
of the date of such annual meeting is first made. The public announcement of a postponement or
adjournment of an annual meeting shall not commence a new time period for the giving of a
shareholder&#146;s notice as described above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;Any shareholder&#146;s notice delivered pursuant to Section&nbsp;1.7(a)(2) shall set forth:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;as to each individual whom the shareholder proposes to nominate for election or reelection
as a trustee (each, a &#147;<U>Proposed Nominee</U>&#148;), all information relating to the Proposed
Nominee that would be required to be disclosed in connection with the solicitation of proxies for
the election of the Proposed Nominee as a trustee in an election contest (even if an election
contest is not involved), or would otherwise be required in connection with such solicitation, in
each case pursuant to Regulation&nbsp;14A (or any successor provision) under the Securities Exchange Act
of 1934, as amended;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;as to each of the shareholder giving the notice, any Proposed Nominee and any Shareholder
Associated Person,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;the class, series and number of all shares of stock or other securities of the Fund
(collectively, &#147;<U>Company Securities</U>&#148;), if any, which are owned (beneficially or of record)
by such shareholder, Proposed Nominee or Shareholder Associated Person, the date(s) on which such
Company Securities were acquired and the investment intent of such acquisition(s), and any short
interest (including any opportunity to profit or share in any benefit from any decrease in the
price of such stock or other security) in any Company Securities of any such person (whether or not
such person maintains a &#147;net long&#148; position),
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;the nominee holder for, and number of, any Company Securities owned beneficially but not
of record by such shareholder, Proposed Nominee or Shareholder Associated Person,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)&nbsp;whether and the extent to which such shareholder, Proposed Nominee or Shareholder
Associated Person, directly or indirectly (through brokers, nominees or otherwise), is subject to
or during the last twelve months has engaged in any hedging, derivative or other transaction or
series of transactions or entered into any other agreement, arrangement or understanding (including
any short interest, any borrowing or lending of securities or any proxy or voting agreement) (w)
the value of which is derived in whole or in part from the value of any Company Securities, (x)
which otherwise provides any direct or indirect opportunity to gain or share in any gain derived
from changes in the value or price of any Company Securities, (y)&nbsp;the effect or intent of which is
to mitigate loss or manage risk or benefit of changes in the value or price of any Company
Securities, or (z)&nbsp;which provides the right to vote or
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> - 4 - <!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">increase or decrease the voting power of such shareholder, Proposed Nominee or Shareholder
Associated Person, with respect to any Company Securities;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)&nbsp;whether such shareholder, Proposed Nominee or Shareholder Associated Person is, or is not,
an &#147;interested person&#148; of the Fund, as such term is defined in the Investment Company Act of 1940,
as amended, and the rules promulgated thereunder, and information regarding such shareholder,
Proposed Nominee or Shareholder Associated Person that is sufficient, in the discretion of the
Board of Trustees or any committee thereof or any authorized officer of the Fund, to make such
determination;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;as to each of the shareholder giving the notice, any Shareholder Associated Person with
an interest or ownership referred to in clause (ii)&nbsp;of this Section&nbsp;1.7(a)(3) and any Proposed
Nominee,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;the name and address of such shareholder, as they appear on the Fund&#146;s stock ledger, and
the current name and business address, if different, of each such Shareholder Associated Person and
any Proposed Nominee, and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;the investment strategy or objective, if any, of such shareholder and each such
Shareholder Associated Person who is not an individual and a copy of the prospectus, offering
memorandum or similar document, if any, provided to investors or potential investors in such
shareholder and each such Shareholder Associated Person;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;to the extent known by the shareholder giving the notice, the name and address of any
other shareholder supporting the nominee for election or reelection as a trustee of the Fund on
the date of such shareholder&#146;s notice; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;a representation that the shareholder giving notice intends to appear in person or by
proxy at the annual meeting of shareholders to nominate the persons named in its notice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;Such shareholder&#146;s notice shall, with respect to any Proposed Nominee, be accompanied by a
certificate executed by the Proposed Nominee (i)&nbsp;certifying that such Proposed Nominee (a)&nbsp;is not,
and will not become a party to, any agreement, arrangement or understanding with any person or
entity other than the Fund in connection with service or action as a trustee of the Fund that has
not been disclosed to the Fund and (b)&nbsp;will serve as a trustee of the Fund if elected; and (ii)
attaching a completed Proposed Nominee questionnaire, which questionnaire shall be provided by the
Fund, upon request, to the shareholder providing the notice and shall include all information
relating to the Proposed Nominee that would be required to be disclosed in connection with the
solicitation of proxies for the election of the Proposed Nominee as a trustee in an election
contest (even if an election contest is not involved), or would otherwise be required in connection
with such solicitation, in each case pursuant to Regulation&nbsp;14A (or any successor provision) under
the Securities Exchange Act of 1934, as amended, or would be required pursuant to the rules of any
national securities exchange or over-the-counter market applicable to any Company Securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;Notwithstanding anything in this Section&nbsp;1.7(a) to the contrary, in the event that the
number of trustees to be elected to the Board of Trustees is increased, and there is no public
announcement of such action at least 60&nbsp;days prior to the first anniversary of the date of the
proxy statement for the preceding year&#146;s annual meeting, a shareholder&#146;s notice required by this
Section&nbsp;1.7(a) shall also be considered timely, but only with respect to nominees for any new
positions created by such increase, if it shall be delivered to the Secretary at the principal
executive office of the Fund not later than 5:00 p.m., Eastern Time, on the tenth day following the
day on which such public announcement is first made by the Fund.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> - 5 - <!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(b)&nbsp;</B><U><B>Special Meetings of Shareholders</B></U>. Nominations of individuals for election to the
Board of Trustees may be made at a special meeting of shareholders at which trustees are to be
elected only (i)&nbsp;by or at the direction of the Board of Trustees or (ii)&nbsp;provided that the Board of
Trustees has determined that trustees shall be elected at such special meeting, by any shareholder
of the Fund who is a shareholder of record from the time the shareholder gives notice provided for
in this Section&nbsp;1.7 to the time of the special meeting, who is entitled to vote at the special
meeting in the election of each individual so nominated and who has complied with the notice
procedures set forth in this Section&nbsp;1.7. In the event the Fund calls a special meeting of
shareholders for the purpose of electing one or more individuals to the Board of Trustees, any such
shareholder may nominate an individual or individuals (as the case may be) for election as a
trustee  as specified in the Fund&#146;s notice of meeting, if the shareholder&#146;s notice, containing the
information required by Sections&nbsp;1.7(a)(3) and 1.7(a)(4) (replacing references to &#147;annual meeting&#148;
with &#147;special meeting&#148;), shall be delivered to the Secretary at the principal executive office of
the Fund not earlier than the 60<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day before such special meeting and not later than
5:00 p.m., Eastern Time, on the later of the 30<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day before such special meeting or the
tenth day following the day on which public announcement is first made of the date of the special
meeting and of the nominees proposed by the Board of Trustees to be elected at such special
meeting. The public announcement of a postponement or adjournment of a special meeting shall not
commence a new time period for the giving of a shareholder&#146;s notice as described above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(c)&nbsp;</B><U><B>General</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;If information submitted pursuant to this Section&nbsp;1.7 by any shareholder proposing a
nominee for election as a trustee shall be inaccurate or incomplete in any material respect, such
information may be deemed not to have been provided, and the nomination in respect of which such
information is required by Section&nbsp;1.7(a)(3) may be deemed not to have been made, in accordance
with this Section&nbsp;1.7. Any such shareholder shall notify the Fund of any inaccuracy or
incompleteness (within two business days of becoming aware of such inaccuracy or change) in any
such information. Within five business days after the record date related to the annual or special
meeting of shareholders, and upon written request by the Secretary or the Board of Trustees, within
five business days of delivery of such request (or such other period as may be specified in such
request), any such shareholder shall provide (i)&nbsp;written verification, satisfactory, in the
discretion of the Board of Trustees or any authorized officer of the Fund, to demonstrate the
accuracy or certify the completeness of any information submitted or required to be submitted by
the shareholder pursuant to this Section&nbsp;1.7, and (ii)&nbsp;a written update of any information
submitted by the shareholder pursuant to this Section&nbsp;1.7 as of the record date or a date not later
than such request by the Secretary or the Board of Trustees. If a shareholder fails to provide such
written verification or written update within such period, the information as to which written
verification or a written update was requested may be deemed not to have been provided, and the
nomination in respect of which such information is required by Section&nbsp;1.7(a)(3) may be deemed not
to have been made, in accordance with this Section&nbsp;1.7.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;Only such individuals who are nominated in accordance with this Section&nbsp;1.7 shall be
eligible for election by shareholders as trustees. The Board of Trustees and the chairman of the
meeting shall each have the power to determine whether a nomination was made in accordance with
this Section&nbsp;1.7.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --> - 6 - <!-- /Folio -->
</DIV>



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