<SEC-DOCUMENT>0001752724-24-227634.txt : 20241015
<SEC-HEADER>0001752724-24-227634.hdr.sgml : 20241015
<ACCEPTANCE-DATETIME>20241015091825
ACCESSION NUMBER:		0001752724-24-227634
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20240731
FILED AS OF DATE:		20241015
DATE AS OF CHANGE:		20241015
EFFECTIVENESS DATE:		20241015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIVEST FUND, INC.
		CENTRAL INDEX KEY:			0000835948
		ORGANIZATION NAME:           	
		IRS NUMBER:				222919170
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05611
		FILM NUMBER:		241369665

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIVEST FUND INC
		DATE OF NAME CHANGE:	20061026

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIVEST FUND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIPLUS FUND INC
		DATE OF NAME CHANGE:	19880913
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            <investmentAdviserName>BlackRock Advisors, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-47710</investmentAdviserFileNo>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Computershare Trust Company, National Association</transferAgentName>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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            <pricingServiceName>S&amp;P Global Inc.</pricingServiceName>
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          <pricingService>
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          <custodian>
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<TYPE>MATERIAL AMENDMENTS
<SEQUENCE>2
<FILENAME>NCEN_811-05611_54127790_0724.htm
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">BLACKROCK MUNIVEST FUND, INC.</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ARTICLES SUPPLEMENTARY</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ESTABLISHING AND FIXING THE
RIGHTS AND PREFERENCES OF </font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">VARIABLE RATE MUNI TERM PREFERRED SHARES</font></b></p>









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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">Table
of Contents</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;text-indent:-.5in;"><a href="#_Toc152253756"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">DESIGNATION.............................................................................................................................. 1</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;text-indent:-.5in;"><a href="#_Toc152253757"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">DEFINITIONS................................................................................................................................ 2</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;text-indent:-.5in;"><a href="#_Toc152253758"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">TERMS.......................................................................................................................................... 19</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253759"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">1......... Number of Authorized Shares........................................................................................... 19</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253760"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(a)....... Authorized Shares................................................................................................. 19</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253761"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(b)....... Capitalization......................................................................................................... 19</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253762"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">2......... Dividends........................................................................................................................... 20</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253763"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(a)....... Ranking.................................................................................................................. 20</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253764"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(b)....... Cumulative Cash Dividends.................................................................................. 20</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253765"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(c)....... Dividends Cumulative from Date of Original
Issue.............................................. 20</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253766"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(d)...... Dividend Payment Dates....................................................................................... 20</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253767"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(e)....... Applicable Rates and Calculation of Dividends.................................................... 20</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253768"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(f)....... Curing a Failure to Deposit................................................................................... 22</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253769"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(g)....... Dividend Payments by Corporation to Redemption
and Paying Agent................ 22</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253770"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(h)....... Redemption and Paying Agent as Trustee of
Dividend Payments by Corporation 23</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253771"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(i)........ Dividends Paid to Holders..................................................................................... 23</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253772"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(j)........ Dividends Credited Against Earliest
Accumulated But Unpaid Dividends.......... 23</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253773"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(k)....... Dividends Designated as Exempt-Interest
Dividends........................................... 23</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253774"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">3......... Gross-Up Payments and Notice of Allocations................................................................. 24</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253775"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">4......... Voting Rights..................................................................................................................... 24</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253776"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(a)....... One Vote Per VMTP Preferred Share................................................................... 24</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253777"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(b)....... Voting for Additional Directors............................................................................ 25</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253778"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(c)....... 1940 Act Matters................................................................................................... 26</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253779"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(d)...... Exclusive Right to Vote on Certain Charter
Matters............................................ 26</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253780"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(e)....... Voting Rights Set Forth Herein are Sole Voting
Rights....................................... 27</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253781"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(f)....... No Preemptive Rights or Cumulative Voting....................................................... 27</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253782"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(g)....... Voting for Directors Sole Remedy for Corporation&#8217;s
Failure to Pay Dividends.. 27</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253783"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(h)....... Holders Entitled to Vote........................................................................................ 27</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253784"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(i)........ Grant of Irrevocable Proxy.................................................................................... 27</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253785"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">5......... Amendments...................................................................................................................... 27</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253786"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">6......... Minimum Asset Coverage and Other Financial
Requirements......................................... 30</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253787"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(a)....... Minimum Asset Coverage..................................................................................... 30</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253788"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(b)....... Effective Leverage Ratio....................................................................................... 30</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253789"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(c)....... Eligible Assets....................................................................................................... 31</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253790"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(d)...... Credit Quality........................................................................................................ 31</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253791"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(e)....... Liens...................................................................................................................... 31</font></a></p>


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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">i</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253792"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">7......... Basic Maintenance
Amount.............................................................................................. 31</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253793"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">8......... Restrictions on Dividends and Other
Distributions........................................................... 32</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253794"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(a)....... Dividends on Preferred Shares Other Than VMTP
Preferred Shares................... 32</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253795"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(b)....... Dividends and Other Distributions With Respect
to Common Shares Under the 1940 Act......................................................................................................................... 32</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253796"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(c)....... Other Restrictions on Dividends and Other
Distributions..................................... 32</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253797"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">9......... Rating Agency Restrictions............................................................................................... 33</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253798"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">10....... Redemption........................................................................................................................ 33</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253799"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(a)....... Optional Redemption............................................................................................. 33</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253800"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(b)....... Term/Mandatory Redemption............................................................................... 34</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253801"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(c)....... Notice of Redemption............................................................................................ 38</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253802"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(d)...... No Redemption Under Certain Circumstances..................................................... 39</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253803"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(e)....... Absence of Funds Available for Redemption....................................................... 39</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253804"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(f)....... Redemption and Paying Agent as Trustee of
Redemption Payments by Corporation............................................................................................................................... 40</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253805"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(g)....... Shares for Which Notice of Redemption Has Been
Given Are No Longer Outstanding............................................................................................................................... 40</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253806"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(h)....... Compliance With Applicable Law........................................................................ 40</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253807"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(i)........ Only Whole VMTP Preferred Shares May Be
Redeemed.................................... 41</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253808"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(j)........ Modification of Redemption Procedures.............................................................. 41</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253809"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">11....... Liquidation Rights............................................................................................................. 41</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253810"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(a)....... Ranking.................................................................................................................. 41</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253811"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(b)....... Distributions Upon Liquidation............................................................................. 41</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253812"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(c)....... Pro Rata Distributions........................................................................................... 41</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253813"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(d)...... Rights of Junior Shares.......................................................................................... 42</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253814"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(e)....... Certain Events Not Constituting Liquidation........................................................ 42</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253815"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">12....... Transfers............................................................................................................................ 42</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253816"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">13....... Miscellaneous.................................................................................................................... 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253817"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(a)....... No Fractional Shares............................................................................................. 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253818"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(b)....... Status of VMTP Preferred Shares Redeemed,
Exchanged or Otherwise Acquired by the Corporation............................................................................................................ 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253819"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(c)....... Treatment of VMTP Preferred Shares as Equity................................................... 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253820"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(d)...... Board May Resolve Ambiguities.......................................................................... 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253821"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(e)....... Headings Not Determinative................................................................................. 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253822"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(f)....... Notices................................................................................................................... 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253823"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(g)....... Redemption and Paying Agent.............................................................................. 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253824"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(h)....... Securities Depository............................................................................................. 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253825"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(i)........ Voluntary Bankruptcy........................................................................................... 43</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253826"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(j)........ Applicable Law Restrictions and Requirements................................................... 44</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253827"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(k)....... Information............................................................................................................ 44</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253828"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(l)........ Tax Status of the Corporation................................................................................ 45</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253829"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(m)...... Maintenance of Existence...................................................................................... 46</font></a></p>


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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ii</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253830"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(n)....... Use of Proceeds..................................................................................................... 46</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253831"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(o)....... Compliance with Law............................................................................................ 46</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253832"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(p)....... Maintenance of Approvals: Filings, Etc................................................................ 46</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253833"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(q)....... 1940 Act Registration............................................................................................ 46</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253834"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(r)....... Compliance with Eligible Assets Definition......................................................... 46</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253835"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(s)....... Access to Information Relating to Compliance
with Eligible Assets Definition.. 46</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253836"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(t)....... Purchase by Affiliates............................................................................................ 47</font></a></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:.5in;margin-top:0in;text-indent:-.5in;"><a href="#_Toc152253837"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">(u)....... Audits.................................................................................................................... 47</font></a></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-align:center;text-indent:-.5in;"><a href="#_Toc152253838"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">14....... Global Certificate.............................................................................................................. 47</font></a></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Appendix A: Eligible Assets ...................................................................................................... A-1</font></p>









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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">iii</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">BLACKROCK MUNIVEST FUND, INC.</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ARTICLES SUPPLEMENTARY
ESTABLISHING AND FIXING THE</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">RIGHTS AND PREFERENCES OF</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">VARIABLE RATE MUNI TERM PREFERRED SHARES</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">BlackRock MuniVest Fund, Inc., a Maryland corporation (the
&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Corporation</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;), hereby certifies to the State Department of Assessments
and Taxation of the State of Maryland that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font color=#111111 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">FIRST: These Articles Supplementary shall be effective as
of 12:02 p.m. ET on the 20th day of December, 2023.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">SECOND: Pursuant to authority expressly vested in the
Board of Directors of the Corporation by Article IV of the Corporation&#8217;s
Charter, the Board of Directors has, by resolution duly adopted on </font><font color=#111111 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">November 14, 2023</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">, reclassified 1,536 authorized
and unissued shares of common stock of the Corporation as shares of preferred
stock of the Corporation, par value $0.10 per share, as Variable Rate Muni Term
Preferred Shares (the &#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">VMTP Preferred Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;).</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The VMTP
Preferred Shares may be issued in one or more series, as designated and
authorized by the Board of Directors or a duly authorized committee thereof
from time to time (each series of VMTP Preferred Shares that may be authorized
and issued, a &#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">THIRD: The preferences (including liquidation preference),
voting powers, restrictions, limitations as to dividends, qualifications, and
terms and conditions of redemption, of the shares of each Series of VMTP
Preferred Shares are as follows or as set forth in an amendment to these
Articles Supplementary or otherwise in the Corporation&#8217;s Charter (each such
Series being referred to herein as a &#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series of VMTP Preferred Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;):</font></p>

<p style="margin-bottom:12.0pt;margin-left:137.5pt;margin-right:128.15pt;margin-top:0in;page-break-after:avoid;text-align:center;"><a name="_Toc152253756"></a><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">DESIGNATION</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series W-7: A series of 1,536 shares of preferred stock,
par value $0.10 per share, liquidation preference $100,000 per share, is hereby
authorized and designated &#8220;Series W-7 VMTP Preferred Shares&#8221;. Each Series W-7
VMTP Preferred Share shall be issued on a date or dates determined by the Board
of Directors of the Corporation or pursuant to their delegated authority; have
an Applicable Rate commencing on December 20, 2023 equal to the sum of the
applicable Ratings Spread (as defined herein) and 75% of Daily SOFR (as defined
herein) on the applicable Rate Determination Date; and have such other
preferences, voting powers, restrictions, limitations as to dividends and
distributions, qualifications and terms and conditions of redemption, required
by Applicable Law and that are expressly set forth in these Articles Supplementary
and the Charter. The Series W-7 VMTP Preferred Shares shall constitute a
separate series of preferred stock of the Corporation and each Series W-7 VMTP
Preferred Share shall be identical. Except as otherwise provided with respect
to any additional Series of VMTP Preferred Shares, the terms and conditions of
these Articles Supplementary apply to each Series of VMTP Preferred Shares and
each share of such Series.</font></p>

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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:137.5pt;margin-right:128.15pt;margin-top:12.0pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">DEFINITIONS</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The following terms shall have the following meanings
(with terms defined in the singular having comparable meanings when used in the
plural and vice versa), unless the context otherwise requires:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1940 Act</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the Investment Company Act
of 1940, as amended.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Additional Amount</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have the meaning
specified in Section 2(e)(i)(B) of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Affected Series</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have the meaning set
forth in Section 5(d) of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Agent Member</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means a Person with an
account at the Securities Depository that holds one or more VMTP Preferred
Shares through the Securities Depository, directly or indirectly, for a
Beneficial Owner and that will be authorized and instructed, directly or
indirectly, by a Beneficial Owner to disclose information to the Redemption and
Paying Agent with respect to such Beneficial Owner.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font color=#111111 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font color=#0f0f0f face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Applicable</font></b><font color=#111111 face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font><b><font color=#0f0f0f face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Base</font></b><font color=#111111 face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font><b><font color=#0f0f0f face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rate</font></b><font color=#111111 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means
75% of Daily SOFR on the applicable Rate Determination Date.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Applicable Law</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means Maryland state law
(including, without limitation, the Maryland General Corporation Law) and the
federal law of the United States of America (including, without limitation, the
1940 Act).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Applicable Rate</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the dividend rate </font><i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">per
annum </font></i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">on any VMTP Preferred Shares for a Rate Period determined as set
forth in</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">paragraph (e)(i) of Section 2 of these Articles Supplementary
or in the definition of &#8220;Maximum Rate&#8221;, as applicable.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Applicable Rate Determination</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means each
periodic operation of the process of determining the Applicable Rate for the
VMTP Preferred Shares for a Subsequent Rate Period.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Articles Supplementary</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means these
Articles Supplementary Establishing and Fixing the Rights and Preferences of
the VMTP Preferred Shares and as amended from time to time in accordance with
the provisions hereof.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Basic Maintenance Amount</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">,&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">as of any
Valuation Date, shall have the meaning set forth in the Rating Agency
Guidelines.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Basic Maintenance Cure Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">,&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">with respect
to the failure by the Corporation to satisfy the Basic Maintenance Amount (as
required by paragraph (a) of Section 7 of these Articles Supplementary) as of a
given Valuation Date, shall have the meaning set forth in the Rating Agency
Guidelines, but in no event shall it be longer than ten (10) Business Days
following such Valuation Date.</font></p>


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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">2</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Basic Maintenance Report</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">
</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have the meaning set forth in the Rating Agency Guidelines.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Beneficial Owner</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means a Person in whose
name VMTP Preferred Shares are recorded as beneficial owner of such VMTP
Preferred Shares by the Securities Depository, an Agent Member or other
securities intermediary on the records of such Securities Depository, Agent
Member or securities intermediary, as the case may be, or such Person&#8217;s
subrogee.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Board of Directors</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the Board of
Directors of the Corporation or any duly authorized committee thereof.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Business Day</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means a day (a) other than a
day on which commercial banks in The City of New York, New York are required or
authorized by law or executive order to close and (b) on which the New York
Stock Exchange is not closed.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Charter</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the Articles of
Incorporation, as amended and supplemented (including by these Articles
Supplementary), of the Corporation on file in the State Department of
Assessments and Taxation of Maryland.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Closed-End Funds</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall
have the meaning set forth in Section 12 of these Articles Supplementary.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Closing Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means
December 20, 2023.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Code</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the
U.S. Internal Revenue Code of 1986, as amended.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Common Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means
the shares of common stock, par value $0.10 per share, of the Corporation.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Conditional Acceptance</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">
</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means a conditional acceptance by the Total Holders to extend the Term
Redemption Date of the VMTP Preferred Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Corporation</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have the meaning as set
forth in the Recitals of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Cure Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the Basic Maintenance Cure
Date, the Minimum Asset Coverage Cure Date or the last day of the Effective
Leverage Ratio Cure Period, as the case may be.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Custodian</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means a bank, as defined in
Section 2(a)(5) of the 1940 Act, that has the qualifications prescribed in
paragraph 1 of Section 26(a) of the 1940 Act, or such other entity as shall be
providing custodian services to the Corporation as permitted by the 1940 Act or
any rule, regulation, or order thereunder, and shall include, as appropriate,
any similarly qualified sub-custodian duly appointed by the Custodian.</font></p>

<h4 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">Daily</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">
</font><b><font face="Times New Roman" style="font-size:12.0pt;">SOFR</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221; means: </font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;">&nbsp;</h4>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">3</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">With respect to any Business Day
means the secured overnight financing rate </font><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">&#8206;</font><font dir=RTL><i><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">published for such day by the Federal Reserve Bank of
New York, as the administrator &#8206;</font></i></font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">of
the benchmark (or a successor administrator) on the Federal Reserve Bank of New
</font><font dir=RTL></font><font dir=RTL><font dir=RTL></font><i><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">&#8206;York&#8217;s
website (or any successor source) as of 4:00 p.m. New Yor</font></i></font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">k City </font><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">&#8206;</font><font dir=RTL><i><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">time (such rate being initially published for such day
at 8:00 a.m. and may be revised until 2:30 p.m., New York City time).</font></i></font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">If the secured overnight financing
rate cannot be determined with respect to any Business Day as specified in
paragraph (1), unless both a SOFR Index Cessation Event and a SOFR Index
Cessation Date have occurred, then the Redemption and Paying Agent shall use
the secured overnight financing rate in respect of the last Business Day for
which such secured overnight financing rate was published on the Federal
Reserve Bank of New </font><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">&#8206;</font><font dir=RTL><i><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">York&#8217;s website.</font></i></font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">If a SOFR Index Cessation Event
and SOFR Index Cessation Date have occurred, the Redemption and Paying Agent
shall determine the Applicable Base Rate as if the reference to &#8220;75% of Daily
SOFR&#8221; were a reference to the rate that was recommended as the replacement for
the secured overnight financing rate by the Federal Reserve Board and/or the
Federal Reserve Bank of New York or a committee officially endorsed or convened
by the Federal Reserve Board and/or the Federal Reserve Bank of New York for
the purpose of recommending a replacement for the secured overnight financing
rate (which rate may be produced by a Federal Reserve Bank or other designated
administrator, which rate may include any adjustments or spreads, and which
rate will be reasonably expected to measure contemporaneous variations in the
cost of newly borrowed funds in U.S. dollars). If no such rate has been
recommended within one Business Day of the SOFR Index Cessation Event, then the
Redemption and Paying Agent shall use the OBFR published on the Federal Reserve
Bank of New </font><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">&#8206;</font><font dir=RTL><i><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">York&#8217;s website for any Business Day
after the SOFR Index Cessation Date (it being understood that the OBFR for any
such Business Day will be the Overni</font></i></font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">ght
Bank Funding Rate on the Federal Reserve Bank of New </font><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">&#8206;</font><font dir=RTL><i><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">York&#8217;s website as of 4:00 p.m., New York City time).</font></i></font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">If the Redemption and Paying Agent
is required to use the OBFR in paragraph (3) above and an OBFR Index Cessation
Event has occurred, then for any Business Day after the OBFR Index Cessation
Date, the Redemption and Paying Agent shall use the short-term interest rate
target set by the Federal Open Market Committee and published on the Federal
Reserve Bank of New </font><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">&#8206;</font><font dir=RTL><i><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">York&#8217;s website, or if the Federal O</font></i></font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">pen Market Committee has not set a single rate, the
mid-point of the short-term interest rate target range set by the Federal Open
Market Committee and published on the Federal Reserve Bank of New </font><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">&#8206;</font><font dir=RTL><i><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">York&#8217;s website (calculated as the arithmetic average
of th</font></i></font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">e upper bound of the target
range and the lower bound of the target range). </font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;">&#8206;</font><font dir=RTL></font><font dir=RTL><font dir=RTL></font><i><font face="Times New Roman" lang=AR-SA style="font-size:12.0pt;font-weight:normal;"> If Daily SOFR determined as above would be less than zero, then
such rate shall be deemed to be zero.</font></i></font></h4>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Date of Original Issue</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, with respect
to each share of a Series of VMTP Preferred Shares, the date on which the
Corporation issued such VMTP Preferred Share.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Defeased Securities</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means a security for
which cash, cash equivalents or other eligible property has been pledged in an
amount sufficient to make all required payments on such security to and
including maturity (including any accelerated maturity pursuant to a permitted
redemption), in accordance with the instrument governing the issuance of such
security.</font></p>


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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">4</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Deposit Securities</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means,
as of any date, any United States dollar-denominated security or other
investment of a type described below that either (i) is a demand obligation
payable to the holder thereof on any Business Day or (ii) has a maturity date,
mandatory redemption date or mandatory payment date, on its face or at the
option of the holder, preceding the relevant payment date in respect of which
such security or other investment has been deposited or set aside as a Deposit
Security:</font></p>

<p style="margin-bottom:12.0pt;margin-left:1.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160; cash or any cash equivalent;</font></p>

<p style="margin-bottom:12.0pt;margin-left:1.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160; any U.S. Government Security;</font></p>

<p style="margin-bottom:12.0pt;margin-left:1.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160; any Municipal Obligation that has a credit rating from at
least one NRSRO that is the highest applicable rating generally ascribed by
such NRSRO to Municipal Obligations with substantially similar terms as of the
date of these Articles Supplementary (or such rating&#8217;s future equivalent),
including (A) any such Municipal Obligation that has been pre-refunded by the
issuer thereof with the proceeds of such refunding having been irrevocably
deposited in trust or escrow for the repayment thereof and (B) any such fixed
or variable rate Municipal Obligation that qualifies as an eligible security
under Rule 2a-7 under the 1940 Act as amended or as in effect on the Date of
Original Issue;</font></p>

<p style="margin-bottom:12.0pt;margin-left:1.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160; any investment in any money market fund registered under the
1940 Act that qualifies under Rule 2a-7, or similar investment vehicle
described in Rule 12d1-l(b)(2) under the 1940 Act, that invests principally in
Municipal Obligations or U.S. Government Securities or any combination thereof;
or</font></p>

<p style="margin-bottom:12.0pt;margin-left:1.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(5)&#160;&#160;&#160;&#160;&#160;&#160;&#160; any letter of credit from a bank or other financial
institution that has a credit rating from at least one NRSRO that is the
highest applicable rating generally ascribed by such NRSRO to bank deposits or
short-term debt of similar banks or other financial institutions as of the date
of these Articles Supplementary (or such rating&#8217;s future equivalent).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Derivative Contract</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means (a) any and all
rate swap transactions, basis swaps, credit derivative transactions, forward
rate transactions, commodity swaps, commodity options, forward commodity
contracts, forward swap transactions, equity or equity index swaps or options,
bond or bond price or bond index swaps or options or forward bond or forward
bond price or forward bond index transactions, futures contracts, repurchase
transaction, interest rate options, forward foreign exchange transactions, cap
transactions, floor transactions, collar transactions, currency swap
transactions, cross-currency rate swap transactions, currency options, spot
contracts, or any other similar transactions or any combination of any of the
foregoing (including any options to enter into any of the foregoing), whether
or not any such transaction is governed by or subject to any master agreement,
and (b) any and all transactions of any kind, and the related confirmations,
which are subject to the terms and conditions of, or governed by, any form of
master agreement published by the International Swaps and Derivatives
Association, Inc., any International Foreign Exchange Master Agreement, or any
other master agreement (any such master agreement, together with any related
schedules, a &#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Master Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;)</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">, </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">including any such obligations
or liabilities under any Master Agreement.</font></p>


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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">5</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_10"></a><a name="_bclPageBorder10"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Derivative Termination Value</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">
</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, in respect of any one or more Derivative Contracts, after taking
into account the effect of any legally enforceable netting agreement relating
to such Derivative Contracts, (a) for any date on or after the date such
Derivative Contracts have been closed out and termination value(s) determined
in accordance therewith, such termination value(s), and (b) for any date prior
to the date referenced in clause (a), the amount(s) determined as the
mark-to-market value(s) for such Derivative Contracts, as determined based upon
one or more mid-market or other readily available quotations provided by any
recognized dealer in such Derivative Contracts (which may include a Holder or
an affiliate of the Holder).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Discounted Value</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">as of any Valuation Date,
shall have the meaning set forth in the Rating Agency Guidelines.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Dividend Payment Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the date that
is the first Business Day of each calendar month.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Dividend Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, with respect to the
Series W-7 VMTP Preferred Shares, in the case of the first Dividend Period, for
the shares of such Series issued on December 20, 2023, the period beginning on December
20, 2023, and ending on and including December 31, 2023, and for each
subsequent Dividend Period for all shares of such Series, the period beginning
on and including the first calendar day of the month following the month in
which the previous Dividend Period ended and ending on and including the last
calendar day of such month.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Effective Leverage Ratio</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the
quotient of:</font></p>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(A)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">the sum of (i) the aggregate
liquidation preference of the Corporation&#8217;s &#8220;senior securities&#8221; (as that term
is defined in the 1940 Act) that are stock, plus any accumulated but unpaid
dividends thereon, excluding, without duplication, (x) any such senior securities
for which the Corporation has issued a notice of redemption and either has
delivered Deposit Securities or sufficient funds (in accordance with the terms
of such senior securities) to the paying agent for such senior securities or
otherwise has adequate Deposit Securities on hand and segregated on the books
and records of the Custodian for the purpose of such redemption and (y) the
Corporation&#8217;s outstanding Preferred Shares to be redeemed with the gross
proceeds from the sale of the VMTP Preferred Shares, for which the Corporation
either has delivered Deposit Securities or sufficient funds (in accordance with
the terms of such senior securities) to the paying agent for such senior
securities or otherwise has adequate Deposit Securities on hand and segregated
on the books and records of the Custodian for the purpose of such redemption;
(ii) the aggregate principal amount of a Corporation&#8217;s &#8220;senior securities
representing indebtedness&#8221; (as that term is defined in the 1940 Act), plus any
accrued but unpaid interest thereon; (iii) the aggregate principal amount of
floating rate trust certificates corresponding to the associated residual
floating rate trust certificates owned by the Corporation (less the aggregate
principal amount of any such floating rate trust certificates owned by the
Corporation and corresponding to the associated residual floating rate trust
certificates owned by the Corporation); and (iv) the aggregate amount of the
Corporation&#8217;s repurchase obligations under repurchase agreements.</font></h4>

<p style="margin-bottom:12.0pt;margin-left:95.2pt;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">divided by</font></p>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;">&nbsp;</h4>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">6</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
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<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(B)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">the sum of(i) the Market Value of
the Corporation&#8217;s total assets (including amounts attributable to senior
securities but excluding, any assets consisting of Deposit Securities relating
to senior securities for which the Corporation has issued a notice of
redemption and either has delivered Deposit Securities or sufficient funds (in
accordance with the terms of such senior securities) to the paying agent for
such senior securities or otherwise has adequate Deposit Securities on hand and
segregated on the books and records of the Custodian for the purpose of such
redemption), less the sum of (A) the amount of the Corporation&#8217;s accrued
liabilities (which accrued liabilities shall include net obligations of the
Corporation under each Derivative Contract in an amount equal to the Derivative
Termination Value thereof payable by the Corporation to the related
counterparty), other than liabilities for the aggregate principal amount of
senior securities representing indebtedness, and (B) the Overconcentration Amount;
and (ii) the aggregate principal amount of floating rate trust certificates
corresponding to the associated residual floating rate trust certificates owned
by the Corporation (less the aggregate principal amount of any such floating
rate trust certificates owned by the Corporation and corresponding to the
associated residual floating rate trust certificates owned by the Corporation).</font></h4>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Effective Leverage Ratio Cure Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall
have the meaning specified in Section 6(b) of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Electronic Means</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means email transmission,
facsimile transmission or other similar electronic means of communication
providing evidence of transmission (but excluding online communications systems
covered by a separate agreement) acceptable to the sending party and the receiving
party, in any case if operative as between any two parties, or, if not
operative, by telephone (promptly confirmed by any other method set forth in
this definition), which, in the case of notices to the Redemption and Paying
Agent, shall be sent by such means as set forth in the Redemption and Paying
Agent Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Eligible Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the instruments
listed on Appendix A hereto.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Exchange Act</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the U.S. Securities
Exchange Act of 1934, as amended.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Failure to Deposit</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, with respect to
VMTP Preferred Shares, a failure by the Corporation to pay to the Redemption
and Paying Agent, not later than 12:00 noon, New York City time, (A) on the
Business Day immediately preceding any Dividend Payment Date for such VMTP Preferred
Shares, in funds available on such Dividend Payment Date in The City of New
York, New York, the full amount of any dividend to be paid on such Dividend
Payment Date on any share of such Series or (B) on the Business Day immediately
preceding any Redemption Date in funds available on such Redemption Date for
such VMTP Preferred Shares in The City of New York, New York, the Redemption
Price to be paid on such Redemption Date for any share of such Series after
Notice of Redemption is provided pursuant to paragraph (c) of Section 10 of
these Articles Supplementary; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">, that,
notwithstanding anything expressed or implied herein to the contrary, (i) the
foregoing clause (B) shall not apply to the Corporation&#8217;s failure to pay the
Redemption Price in respect of VMTP Preferred Shares when the related Notice of
Redemption provides that redemption of such shares is subject to one or more
conditions precedent and any such condition precedent shall not have been
satisfied at the time or times and in the manner specified in such Notice of
Redemption, and (ii) a Failure to Deposit shall not be deemed to have occurred
if the Corporation is unable to make the payments in clause (A) or clause (B)
due </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">to the lack of legally available funds under
Applicable Law or because of any other Applicable Law restrictions on such
payments.</font></p>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">7</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fitch</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means Fitch Ratings, a part of the
Fitch Group, which is a majority-owned subsidiary of Fimalac, S.A, or any
successor thereto.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fitch Discount Factor</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the discount
factors set forth in the Fitch Guidelines for use in calculating the Discounted
Value of the Corporation&#8217;s assets in connection with Fitch ratings of VMTP
Preferred Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fitch Eligible Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means assets of the
Corporation set forth in the Fitch Guidelines as eligible for inclusion in
calculating the Discounted Value of the Corporation&#8217;s assets in connection with
Fitch ratings of VMTP Preferred Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fitch Guidelines</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the guidelines
applicable to Fitch&#8217;s then current ratings of the VMTP Preferred Shares
provided by Fitch in connection with Fitch&#8217;s ratings of the VMTP Preferred
Shares at the request of the Corporation (a copy of which is available on
request to the Corporation), in effect on the date hereof and as may be amended
from time to time, provided, however that any such amendment will not be
effective for thirty (30) days from the date that Fitch provides final notice
of such amendment to the Corporation or such earlier date as the Corporation
may elect.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fitch Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means Sections 7, 8(c)(B)
and 9 of these Articles Supplementary with respect to Fitch, and any other
provisions hereof with respect to Fitch&#8217;s ratings of VMTP Preferred Shares at
the request of the Corporation, including any provisions with respect to obtaining
and maintaining a rating on VMTP Preferred Shares from Fitch. The Corporation
is required to comply with the Fitch Provisions only if Fitch is then rating
VMTP Preferred Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Gross-up Payment</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means payment to a
Beneficial Owner of an amount which, when taken together with the aggregate
amount of Taxable Allocations made to such Beneficial Owner to which such
Gross-up Payment relates, would cause such Beneficial Owner&#8217;s dividends in
dollars (after giving effect to regular federal income tax consequences) from
the aggregate of such Taxable Allocations and the related Gross-up Payment to
be equal to the dollar amount of the dividends which would have been received
by such Beneficial Owner if the amount of such aggregate Taxable Allocations
would have been excludable from the gross income of such Beneficial Owner. Such
Gross-up Payment shall be calculated (i) without consideration being given to
the time value of money; (ii) assuming that no Beneficial Owner of VMTP
Preferred Shares is subject to the federal alternative minimum tax with respect
to dividends received from the Corporation; (iii) assuming that each Taxable
Allocation and each Gross-up Payment (except to the extent such Gross-up
Payment is properly designated as an exempt-interest dividend under Section
852(b)(5) of the Code or successor provisions) would be taxable in the hands of
each Beneficial Owner of VMTP Preferred Shares at the maximum marginal regular
federal individual income tax rate applicable to ordinary income or net capital
gains, as applicable, or the maximum marginal regular federal corporate income
tax rate applicable to ordinary income or net capital gains, as applicable,
whichever is greater, in effect at the time such Gross-up Payment is made; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and (iv) assuming that each Taxable Allocation and each
Gross-up Payment would not be subject to the tax imposed by Section 1411 of the
Code or any similar Medicare or other surtax.</font></p>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">8</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Holder</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means a Person in whose name a VMTP
Preferred Share is registered in the registration books of the Corporation
maintained by the Redemption and Paying Agent.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Increased Rate Event</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the occurrence
of any of the following events:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation to pay when due the
full amount of accrued but unpaid dividends on any Dividend Payment Date (other
than a failure by the Corporation to so pay due to the lack of legally
available funds under Applicable Law or because of any other Applicable Law
restrictions on such payments). This Increased Rate Event shall be considered
cured on the date the Corporation pays the full amount of such accrued but
unpaid dividends;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation to make any
redemption payment pursuant to Section 10 of these Articles Supplementary
(other than a failure by the Corporation to so pay due to the lack of legally
available funds under Applicable Law or because of any other Applicable Law
restrictions on such payments). This Increased Rate Event shall be considered
cured on the date the Corporation makes such redemption payment;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation to pay when due the
full amount of accrued but unpaid dividends in respect of Gross-up Payments
required to be paid pursuant to Section 3(b), (other than a failure by the
Corporation to so pay due to the lack of legally available funds under
Applicable Law or because of any other Applicable Law restrictions on such
payments). This Increased Rate Event shall be considered cured on the date the
Corporation pays the full amount of such accrued but unpaid dividends in
respect of Gross-up Payments required to paid pursuant to Section 3(b);</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation to have cured on or
before the applicable Asset Coverage Cure Date any failure to maintain Minimum
Asset Coverage as required by Section 6(a). This Increased Rate Event shall be
considered cured on the date the Corporation next achieves Minimum Asset
Coverage;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation on the last day of
an applicable Effective Leverage Ratio Cure Period to have an Effective
Leverage Ratio of not greater than 45%. This Increased Rate Event shall be
considered cured on the date the Corporation next has an Effective Leverage
Ratio of not greater than 45%;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation to make investments
only in Eligible Assets as required by Section 6(c). This Increased Rate Event
shall be considered cured on the date the Corporation has disposed of any
investments made in violation of Section 6(c); provided, that any failure by
the Corporation to comply with the divestiture requirement set forth in the
last proviso of Section 6(c) shall not result in an Increased Rate Event;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation to maintain
compliance with Section 6(d). This Increased Rate Event shall be considered
cured on the date the Corporation returns to compliance with Section 6(d);</font></p>


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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">9</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_14"></a><a name="_bclPageBorder14"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160; the creation,
incurrence, or existence of any lien in violation of Section 6(e). This
Increased Rate Event shall be considered cured on the date that such lien is
released or discharged;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation on the Basic
Maintenance Cure Date to satisfy the Basic Maintenance Amount as of the
Valuation Date pertaining to such Basic Maintenance Cure Date. This Increased
Rate Event shall be considered cured on the date that the Corporation satisfies
the Basic Maintenance Amount as of such Valuation Date;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the declaration, payment or setting apart for
payments any dividend or other distribution in violation of Section 8. Such
Increased Rate Event shall be considered cured (i) in the case of any
declaration or setting apart for payment of any dividend or other distribution,
on the date such action is effectively rescinded, set aside, reversed, revoked,
or otherwise rendered null and (ii) in any other case, on the first date
thereafter that the Corporation is not prohibited pursuant to Section 8 from
declaring, paying or setting apart for payment a cash dividend or other cash
distribution in respect of the Common Shares;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(k)&#160;&#160;&#160;&#160;&#160;&#160;&#160; unless pursuant to an order of the court of
competent jurisdiction, the payment or distribution of any assets of the
Corporation in violation of Section 11(b) or 11(c);</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(l)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure of the Corporation to comply with
Section 13(h). This Increased Rate Event will be considered cured on the date
the Corporation shall next maintain settlement of VMTP Preferred Shares in
global book entry form through the Securities Depository;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(m)&#160;&#160;&#160;&#160;&#160;&#160; failure of the Corporation to comply with
Section 13(i). This Increased Rate Event will be considered cured on the date
such filing or application has been withdrawn, rescinded or dismissed;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(n)&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure of the Corporation to comply with
Section 13(u). This Increased Rate Event will be considered cured on the date
the Corporation produces financial statements audited in accordance with the
standards of the Public Company Accounting Oversight Board (United States);</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(o)&#160;&#160;&#160;&#160;&#160;&#160;&#160; any determination is made by the Corporation or
the IRS that the VMTP Preferred Shares are not equity in a regulated investment
company for federal income tax purposes. This Increased Rate Event will be
considered cured on the date such determination is reversed, revoked or
rescinded;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(p)&#160;&#160;&#160;&#160;&#160;&#160;&#160; a Registration Rights Failure occurs. This
Increased Rate Event will be considered cured on the date such Registration
Rights Failure no longer exists;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(q)&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation to have duly
authorized any Related Document. This Increased Rate Event shall be considered
cured on the date the Corporation duly authorizes each such Related Document
that was not previously duly authorized; or</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(r)&#160;&#160;&#160;&#160;&#160;&#160;&#160; failure by the Corporation to provide the
information required by Section 12(b) and such failure is not cured by the
fifth Business Day following written request. This Increased Rate Event shall
be considered cured on the date the Corporation furnishes the information
specified in the foregoing sentence.</font></p>


<a name="_bclFooter14"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">10</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_15"></a><a name="_bclPageBorder15"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Information Statement</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">
</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the information statement of the Corporation relating to the offering
and sale of VMTP Preferred Shares, dated December 20, 2023.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Initial Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">,&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">with respect to the
VMTP Preferred Shares of any Series, means the period commencing on and
including the Date of Original Issue thereof and ending on, and including the
next succeeding Wednesday.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Investment Adviser</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means BlackRock
Advisors, LLC, or any successor investment advisor to the Corporation.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Liquidation Preference</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">
</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means $100,000 per share.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Liquidity Account</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall
have the meaning specified in paragraph (b)(ii)(A) of Section 10 of these
Articles Supplementary.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Liquidity Account Initial
Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font color=#0f0f0f face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means </font><font color=#111111 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the date which is six-months prior to the Term Redemption
Date</font><font color=#0f0f0f face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Liquidity Account Investments</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means
Deposit Securities or any other security or investment owned by the Corporation
that is rated not less than A-/A3 or the equivalent rating (or any such
rating&#8217;s future equivalent) by each NRSRO then rating such security or
investment (or if rated by only one NRSRO, by such NRSRO) or, if no NRSRO is
then rating such security, deemed to be of an equivalent rating by the
Investment Adviser on the Corporation&#8217;s books and records.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Liquidity Requirement</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have the
meaning specified in paragraph (b)(ii)(B) of Section 10 of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Majority</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the Holders of more than
50% of the aggregate Outstanding amount of the VMTP Preferred Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Managed Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the Corporation&#8217;s
total assets (including any assets attributable to money borrowed for
investment purposes) minus the sum of the Corporation&#8217;s accrued liabilities
(other than money borrowed for investment purposes). For the avoidance of
doubt, assets attributable to money borrowed for investment purposes includes
the portion of the Corporation&#8217;s assets in a tender option bond trust of which
the Corporation owns the residual interest (without regard to the value of the
residual interest to avoid double counting).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Market Value</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of any asset of the
Corporation means the market value thereof determined by an independent
third-party pricing service designated pursuant to the Corporation&#8217;s valuation
policies and procedures approved from time to time by the Board of Directors
for use in connection with the determination of the Corporation&#8217;s net asset
value. Market Value of any asset shall include any interest or dividends, as
applicable, accrued thereon. The pricing service values portfolio securities at
the mean between the quoted bid and asked price or the yield equivalent when
quotations are readily available. Securities for which quotations are not
readily available are valued at fair value as determined by the pricing service
using methods which include consideration of: yields or prices of municipal
bonds of comparable quality, type of issue, coupon, </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">maturity
and rating; indications as to value from dealers; and general market
conditions. The pricing service may employ electronic data processing
techniques or a matrix system, or both, to determine valuations.</font></p>
<a name="_bclFooter15"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">11</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_16"></a><a name="_bclPageBorder16"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Maximum Rate</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means 15% </font><i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">per annum, </font></i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">increased
by any applicable Gross-up Payment due and payable in accordance with Section 3
of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Minimum Asset Coverage</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means asset
coverage, as defined in Section 18(h) of the 1940 Act as in effect on the Date
of Original Issue (excluding from (1) the denominator of such asset coverage
test (i) any such senior securities for which the Corporation has issued a
notice of redemption and either has delivered Deposit Securities or sufficient
funds (in accordance with the terms of such senior securities) to the paying
agent for such senior securities or otherwise has adequate Deposit Securities
or sufficient deposits on hand and segregated on the books and records of the
Custodian for the purpose of such redemption and (ii) the Corporation&#8217;s
outstanding Preferred Shares to be redeemed with the gross proceeds from the
sale of the VMTP Preferred Shares, for which the Corporation either has
delivered Deposit Securities or sufficient funds (in accordance with the terms
of such senior securities) to the paying agent for such senior securities or
otherwise has adequate Deposit Securities or sufficient deposits on hand and
segregated on the books and records of the Custodian for the purpose of such
redemption and (2) from the numerator of such asset coverage test, any Deposit
Securities referred to in the previous clause (1)(i) and (ii)) of at least 225%
with respect to all outstanding senior securities of the Corporation which are
stock, including all Outstanding VMTP Preferred Shares (or, if higher, such
other asset coverage as may be specified in or under the 1940 Act as in effect
from time to time as the minimum asset coverage for senior securities which are
stock of a closed-end investment company as a condition of declaring dividends
on its common shares or stock).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Minimum Asset Coverage Cure Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">,&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">with
respect to the failure by the Corporation to maintain the Minimum Asset
Coverage (as required by Section 6 of these Articles Supplementary), means the
tenth (10th) Business Day following such failure.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Minimum Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means any Rate Period
consisting of seven (7) Rate Period Days, as adjusted to reflect any changes
when the regular day that is a Rate Determination Date is not a Business Day.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Moody&#8217;s</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means Moody&#8217;s Investors Service,
Inc., a Delaware corporation, or any successor thereto.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Moody&#8217;s Discount Factor</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the discount
factors set forth in the Moody&#8217;s Guidelines for use in calculating the
Discounted Value of the Corporation&#8217;s assets in connection with Moody&#8217;s ratings
of VMTP Preferred Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Moody&#8217;s Eligible Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means assets of
the Corporation set forth in the Moody&#8217;s Guidelines as eligible for inclusion
in calculating the Discounted Value of the Corporation&#8217;s assets in connection
with Moody&#8217;s ratings of VMTP Preferred Shares at the request of the
Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Moody&#8217;s Guidelines</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the guidelines
applicable to Moody&#8217;s then current ratings of the VMTP Preferred Shares,
provided by Moody&#8217;s in connection with Moody&#8217;s ratings of the VMTP Preferred
Shares at the request of the Corporation (a copy of which is available on
request </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">to the Corporation), in effect on the date
hereof and as may be amended from time to time, provided, however that any such
amendment will not be effective for thirty (30) days from the date that Moody&#8217;s
provides final notice of such amendment to the Corporation or such earlier date
as the Corporation may elect.</font></p>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">12</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Moody&#8217;s Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means Sections 7, 8(c)(B)
and 9 of these Articles Supplementary with respect to Moody&#8217;s, and any other
provisions hereof with respect to Moody&#8217;s ratings of VMTP Preferred Shares at
the request of the Corporation, including any provisions with respect to
obtaining and maintaining a rating on VMTP Preferred Shares from Moody&#8217;s. The
Corporation is required to comply with the Moody&#8217;s Provisions only if Moody&#8217;s
is then rating VMTP Preferred Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Municipal Obligations</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">has the meaning set
forth in the Glossary of the Information Statement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Net Tax-Exempt Income</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the excess of
the amount of interest excludable from gross income under Section 103(a) of the
Code over the amounts disallowed as deductions under Sections 265 and 171(a)(2)
of the Code.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Notice of Redemption</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means any notice with
respect to the redemption of VMTP Preferred Shares pursuant to paragraph (c) of
Section 10 of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">NRSRO</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means a &#8220;nationally recognized
statistical rating organization&#8221; within the meaning of Section 3(a)(62) of the
Exchange Act that is not an &#8220;affiliated person&#8221; (as defined in Section 2(a)(3)
of the 1940 Act) of the Corporation, including, at the date hereof, Moody&#8217;s and
Fitch.</font></p>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">OBFR</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;
means, with respect to any Business Day, the Overnight Bank Funding Rate on the
Federal Reserve Bank of New York&#8217;s website as of 4:00 p.m., New York City time.
</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">OBFR
Index Cessation Date</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221; means, in respect of an OBFR Index Cessation Event,
the date on which the Federal Reserve Bank of New York (or any successor
administrator of the OBFR), ceases to publish the OBFR, or the date as of which
the OBFR may no longer be used.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">OBFR
Index Cessation Event</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221; means the occurrence of one or more of the following
events:</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">a public statement by the Federal
Reserve Bank of New York (or a successor administrator of the OBFR) announcing
that it has ceased to publish or provide the OBFR permanently or indefinitely,
provided that, at that time, there is no successor administrator that will
continue to publish or provide an OBFR; or</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">the publication of information
which reasonably confirms that the Federal Reserve Bank of New York (or a
successor administrator of the OBFR) has ceased to provide the OBFR permanently
or indefinitely, provided that, at that time, there is no successor administrator
that will continue to publish or provide the OBFR.</font></h4>


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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">13</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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</DIV>
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<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Other
Rating Agency</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means each NRSRO, if any, other than Fitch or Moody&#8217;s
then providing a rating for the VMTP Preferred Shares at the request of the
Corporation.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Other Rating Agency
Eligible Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means assets of the Corporation set forth in the
Other Rating Agency Guidelines as eligible for inclusion in calculating the
Discounted Value of the Corporation&#8217;s assets in connection with Other Rating
Agency ratings of VMTP Preferred Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Other Rating Agency
Guidelines</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the guidelines applicable to each Other Rating
Agency&#8217;s ratings of the VMTP Preferred Shares, provided by such Other Rating
Agency in connection with such Other Rating Agency&#8217;s ratings of the VMTP
Preferred Shares at the request of the Corporation (a copy of which is
available on request to the Corporation), as may be amended from time to time,
provided, however that any such amendment will not be effective except as
agreed between such Other Rating Agency and the Corporation or such earlier
date as the Corporation may elect.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Other Rating Agency Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means
Sections 7, 8(c)(B) and 9 of these Articles Supplementary with respect to any
Other Rating Agency then rating the VMTP Preferred Shares at the request of the
Corporation, and any other provisions hereof with respect to such Other Rating
Agency&#8217;s ratings of VMTP Preferred Shares, including any provisions with
respect to obtaining and maintaining a rating on VMTP Preferred Shares from
such Other Rating Agency. The Corporation is required to comply with the Other
Rating Agency Provisions of an Other Rating Agency only if such Other Rating
Agency is then rating VMTP Preferred Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Outstanding</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, as of any date with
respect to the VMTP Preferred Shares of any Series, the number of VMTP
Preferred Shares of such Series theretofore issued by the Corporation except,
without duplication, (i) any VMTP Preferred Shares of such Series theretofore cancelled
or delivered to the Redemption and Paying Agent for cancellation or redemption
by the Corporation, (ii) any VMTP Preferred Shares of such Series with respect
to which the Corporation has given a Notice of Redemption and irrevocably deposited
with the Redemption and Paying Agent sufficient Deposit Securities to redeem
such VMTP Preferred Shares, pursuant to Section 10 of these Articles
Supplementary, (iii) any VMTP Preferred Shares of such Series as to which the
Corporation shall be a Beneficial Owner, and (iv) any VMTP Preferred Shares of
such Series represented by any certificate in lieu of which a new certificate
has been executed and delivered by the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Overconcentration Amount</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font color=#0f0f0f face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means as of any date of calculation of the Effective
Leverage Ratio, an amount equal to the sum of: (i) the Market Value of the
Corporation&#8217;s assets in a single state or territory in excess of 20%; (ii) the
Market Value of the Corporation&#8217;s assets in a single state or territory rated
lower than A2 by Moody&#8217;s or A by S&amp;P or Fitch in excess of 15%; (iii) the
Market Value of the Corporation&#8217;s assets in a single state or territory rated
lower than Baa3 by Moody&#8217;s or BBB- by S&amp;P or Fitch in excess of 10%; (iv)
the Market Value of the Corporation&#8217;s assets that constitute tobacco
obligations (excluding tobacco obligations that are Defeased Securities and
tobacco obligations backed by state appropriation) in excess of 10%; (v) the
Market Value of the Corporation&#8217;s assets paying less frequently than
semi-annually in excess of 20%; and </font><font color=#0f0f0f face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(vi) the Market
Value of the Corporation&#8217;s assets that constitute tobacco obligations backed by
state appropriation in excess of 10%; in each case, as a percentage of the
Market Value of the Corporation&#8217;s Managed Assets.</font></p>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Person</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means and includes an individual, a
partnership, a corporation, a trust, an unincorporated association, a joint
venture or other entity or a government or any agency or political subdivision
thereof.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Placement Agent</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means BlackRock
Investments, LLC.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Placement Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the placement
agreement, dated as of the Closing Date, between the Corporation and the
Placement Agent with respect to the offering and sale of the VMTP Preferred
Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Preferred Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">mean the shares of
preferred stock of the Corporation, and includes the VMTP Preferred Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Purchase Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the VMTP
Preferred Shares Purchase Agreement, dated as of the Closing Date, between the
Corporation and the Purchaser, as amended, modified or supplemented from time
to time.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Purchaser</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the purchaser on the Date
of Original Issue as set forth in the Purchase Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">QIB</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means a &#8220;qualified institutional
buyer&#8221; as defined in Rule 144A under the Securities Act.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rate Determination Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, with
respect to any Series of VMTP Preferred Shares, (i) with respect to the Initial
Rate Period for any Series of VMTP Preferred Shares, the Business Day
immediately preceding the Date of Original Issue of such Series and (ii) with
respect to any Subsequent Rate Period, the last day of a Rate Period for such
Series, or if such day is not a Business Day, the next succeeding Business Day;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">however,</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> that the next succeeding Rate Determination
Date will be the day of the week that is the regular Rate Determination Date if
such day is a Business Day.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rate Period,</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">with respect to VMTP
Preferred Shares, means the Initial Rate Period and any Subsequent Rate Period.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rate Period Days,</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">for any Rate Period,
means the number of days that would constitute such Rate Period.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rating Agency</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means each of Fitch (if
Fitch is then rating VMTP Preferred Shares at the request of the Corporation),
Moody&#8217;s (if Moody&#8217;s is then rating VMTP Preferred Shares at the request of the
Corporation) and any Other Rating Agency (if such Other Rating Agency is then
rating VMTP Preferred Shares at the request of the Corporation).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rating Agency Certificate</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">has the meaning
specified in paragraph (b) of Section 7 of these Articles Supplementary.</font></p>


<a name="_bclFooter19"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">15</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_20"></a><a name="_bclPageBorder20"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rating Agency Eligible Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">
</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means assets of the Corporation set forth in the Rating Agency Guidelines
as eligible for inclusion in calculating the Discounted Value of the
Corporation&#8217;s assets in connection with a Rating Agency&#8217;s ratings of VMTP
Preferred Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rating Agency Guidelines</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means Moody&#8217;s
Guidelines (if Moody&#8217;s is then rating VMTP Preferred Shares at the request of
the Corporation), Fitch Guidelines (if Fitch is then rating VMTP Preferred
Shares at the request of the Corporation) and any Other Rating Agency
Guidelines (if such Other Rating Agency is then rating VMTP Preferred Shares at
the request of the Corporation).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rating Agency Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the Moody&#8217;s
Provisions (if Moody&#8217;s is then rating VMTP Preferred Shares at the request of
the Corporation), the Fitch Provisions (if Fitch is then rating VMTP Preferred
Shares at the request of the Corporation) and any Other Rating Agency Provisions
(if such Other Rating Agency is then rating VMTP Preferred Shares at the
request of the Corporation). The Corporation is required to comply with the
Rating Agency Provisions of a Rating Agency only if such Rating Agency is then
rating VMTP Preferred Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Ratings Spread</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, with respect to any
Rate Period for any Series of VMTP Preferred Shares, the percentage per annum
set forth opposite the highest applicable credit rating assigned to such
Series, unless the lowest applicable credit rating is at or below Al/A+, in which
case it shall mean the percentage per annum set forth opposite the lowest
applicable credit rating assigned to such Series, by either Moody&#8217;s (if Moody&#8217;s
is then rating the VMTP Preferred Shares at the request of the Corporation),
Fitch (if Fitch is then rating the VMTP Preferred Shares at the request of the
Corporation) or Other Rating Agency (if such Other Rating Agency is then rating
the VMTP Preferred Shares at the request of the Corporation) in the table below
on the Rate Determination Date for such Rate Period:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:35.5pt;width:381.599976pt;">
 <tr style="height:27.0pt;">
  <td valign=top width=52% style="border:solid black 1.0pt;height:27.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:12.0pt;">Moody&#8217;s/Fitch*</font></b></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:27.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:12.0pt;">Percentage</font></b></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td valign=top width=52% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">Aa2/AA to Aaa/AAA</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">0.90%</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=52% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">Aa3/AA-</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">0.90%</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=52% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">A1/A+</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">1.30%</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=52% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">A2/A</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">1.55%</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=52% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">A3/A-</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">1.70%</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=52% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">Baa1/BBB+</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">2.05%</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=52% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">Baa2/BBB</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">2.30%</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=52% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">Baa3/BBB-</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">2.80%</font></p>
  </td>
 </tr>
<tr style="height:27.0pt;">
  <td valign=top width=52% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:27.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">Non-investment grade or NR</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:27.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:12.0pt;">3.30%</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:1.0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">* And/or
the equivalent ratings of an Other Rating Agency then rating the VMTP Preferred
Shares at the request of the Corporation. </font></p>


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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">16</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_21"></a><a name="_bclPageBorder21"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">has
the meaning specified in paragraph (c) of Section 10 of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption and Paying Agent</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means The Bank
of New York Mellon which has entered into an agreement with the Corporation to
act in such capacity as the Corporation&#8217;s transfer agent, registrar, dividend
disbursing agent, paying agent, redemption price disbursing agent and
calculation agent in connection with the payment of regularly scheduled
dividends with respect to each Series of VMTP Preferred Shares, or any
successor by operation of law or any successor who acquires all or
substantially all of the assets and assumes all of the liabilities of the
Redemption and Paying Agent being replaced, either directly or by operation of
law, provided that such successor is a licensed banking entity with trust
powers or a trust company and have total assets of at least $50 million.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption and Paying Agent Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means
the redemption and paying agent agreement dated as of the Closing Date, between
the Corporation and the Redemption and Paying Agent pursuant to which The Bank
of New York Mellon, or any successor, acts as Redemption and Paying Agent, as
amended, modified or supplemented from time to time.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption Premium</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; means with respect of a
VMTP Preferred Share rated above A1/A+ and its equivalent by all Rating
Agencies then rating such VMTP Preferred Share at the request of the
Corporation and subject to any redemption, other than redemptions required to
comply with Minimum Asset Coverage requirements or exceed compliance with the
Minimum Asset Coverage requirements up to 240%, an amount equal to the product
of 1% and the Liquidation Preference of the VMTP Preferred Shares subject to
redemption if the Redemption Date is greater than or equal to fifteen (15)
months from the Term Redemption Date, provided, up to 25% of the Corporation&#8217;s
VMTP Preferred Shares Outstanding as of the Closing Date may be redeemed at any
time without a Redemption Premium. </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Any VMTP
Preferred Share exchanged for the preferred share of a surviving entity in
connection with a reorganization, merger, or redomestication of the Corporation
in another state that had been previously approved by the Holders of VMTP
Preferred Shares or that otherwise does not require the vote or consent of the
Holders of VMTP Preferred Shares shall not be subject to the Redemption
Premium.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption Price</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means
the sum of (i) the Liquidation Preference, (ii) accumulated but unpaid
dividends thereon (whether or not declared) to, but not including, the date
fixed for redemption and (iii) the Redemption Premium, if any.</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Registration Rights
Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the registration rights agreement dated as of the
Closing Date between the Corporation and DNT Asset Trust.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Registration Rights Failure</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means any
failure by the Corporation to (i) use its commercially reasonable efforts to
make effective a Registration Statement with the Securities and Exchange
Commission in violation of the Corporation&#8217;s obligations under the Registration
Rights Agreement, or (ii) comply in any material respect with any other
material provision of the Registration Rights Agreement necessary to effect the
Registration Statement (as defined in the </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Registration
Rights Agreement) which has not been cured within thirty (30) Business Days of
the date of such violation.</font></p>
<a name="_bclFooter21"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">17</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_22"></a><a name="_bclPageBorder22"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Related Documents</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means these Articles
Supplementary, the Charter, the Purchase Agreement, the Registration Rights
Agreement, the VMTP Preferred Shares and the Placement Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rule 2a-7</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; means Rule 2a-7 under the 1940 Act.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">SEC</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the Securities and Exchange
Commission.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Securities Act</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means the U.S. Securities
Act of 1933, as amended.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Securities Depository</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means The Depository
Trust Company, New York, New York, and any substitute for or successor to such
securities depository that shall maintain a book-entry system with respect to
the VMTP Preferred Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series of VMTP Preferred Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have
the meaning as set forth in the Recitals of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have the meaning as set forth
in the Recitals of these Articles Supplementary.</font></p>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">SOFR
Index Cessation Date</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221; means, in respect of a SOFR Index Cessation Event,
the date on which the Federal Reserve Bank of New York (or any successor
administrator of the secured overnight financing rate) ceases to publish the
secured overnight financing rate or the date as of which the secured overnight
financing rate may no longer be used.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">SOFR
Index Cessation Event</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221; means the occurrence of one or more of the following
events as it relates to Daily SOFR:</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">a public statement by the Federal
Reserve Bank of New York (or a successor administrator of the secured overnight
financing rate) announcing that it has ceased to publish or provide the secured
overnight financing rate permanently or indefinitely, provided that, at that
time, there is no successor administrator that will continue to publish or provide
a secured overnight financing rate; or</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">the publication of information
which reasonably confirms that the Federal Reserve Bank of New York (or a
successor administrator of the secured overnight financing rate) has ceased to
provide the secured overnight financing rate permanently or indefinitely,
provided that, at that time, there is no successor administrator that will
continue to publish or provide the secured overnight financing rate.</font></h4>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Subsequent Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">,&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">with respect to
VMTP Preferred Shares, means the period from, and including, the first day
following the Initial Rate Period of such VMTP Preferred Shares to, and
including, the next Rate Determination Date for such VMTP Preferred Shares and
any period thereafter from, and including, the first day following a Rate
Determination Date for such VMTP Preferred Shares to, and including, the next
succeeding Rate Determination Date for such VMTP Preferred Shares. Each
Subsequent Rate Period will be a Minimum Rate Period.</font></p>


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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">18</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_23"></a><a name="_bclPageBorder23"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Taxable Allocation</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means
any payment or portion of a payment of a dividend that is not designated by the
Corporation as an exempt-interest dividend (as defined in Section 852(b)(5) of
the Code).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Term Redemption Amount</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have the
meaning specified in paragraph (b)(ii)(A) of Section 10 of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Term Redemption Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, July 2, 2025,
or such later date to which it may be extended in accordance with Section 10(b)(i)(A)
of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Total Holders</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, the Holders of 100%
of the aggregate Outstanding amount of the VMTP Preferred Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">U.S. Government Securities</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means direct
obligations of the United States or of its agencies or instrumentalities that
are entitled to the full faith and credit of the United States and that, other
than United States Treasury Bills, provide for the periodic payment of interest
and the full payment of principal at maturity or call for redemption.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Valuation Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means, for purposes of
determining whether the Corporation is maintaining the Basic Maintenance
Amount, each Monday that is a Business Day, or for any Monday that is not a
Business Day, the immediately preceding Business Day, and the Date of Original
Issue, commencing with the Date of Original Issue.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">VMTP Preferred Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have the
meaning as set forth in the Recitals of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Voting Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall have the meaning
specified in paragraph (b)(i) of Section 4 of these Articles Supplementary.<a name="_Toc152253758"></a></font></p>

<p style="margin-bottom:24.0pt;margin-left:137.5pt;margin-right:128.15pt;margin-top:0in;page-break-after:auto;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">TERMS</font></b></p>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253759"></a><b><font face="Times New Roman" style="font-size:12.0pt;">1.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Number of Authorized
Shares.</font></b></h1>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253760"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(a)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Authorized Shares</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The initial number of authorized shares of VMTP
Preferred Shares is 1,536.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253761"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(b)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Capitalization</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. So long as any VMTP Preferred Shares are
Outstanding, the Corporation shall not, issue (i) any class or series of shares
ranking prior to or on a parity with VMTP Preferred Shares with respect to the
payment of dividends or the distribution of assets upon dissolution,
liquidation or winding up of the affairs, or (ii) any other &#8220;senior security&#8221;
(as defined in the 1940 Act as of the Date of Original Issue) of the
Corporation other than the Corporation&#8217;s use of tender option bonds, futures,
forwards, swaps and other derivative transactions, except as may be issued in
connection with any issuance of preferred shares or other senior securities
some or all of the proceeds from which issuance are used to redeem all of the
Outstanding VMTP Preferred Shares (provided that the Corporation delivers the
proceeds from such issuance necessary to redeem all of the Outstanding VMTP
Preferred Shares to the Redemption and Paying Agent for investment in Deposit
Securities for the purpose of redeeming such VMTP Preferred </font></h2>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">19</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_24"></a><a name="_bclPageBorder24"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Shares
and issues a Notice of Redemption and redeems such VMTP Preferred Shares as
soon as practicable in accordance with the terms of these Articles
Supplementary).</font></h2>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;"><a name="_Toc152253762"></a><b><font face="Times New Roman" style="font-size:12.0pt;">2.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Dividends.</font></b></h1>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253763"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(a)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Ranking</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The shares of any Series of VMTP Preferred Shares
shall rank on a parity with each other, with shares of any other Series of VMTP
Preferred Shares and with shares of any other Series of Preferred Shares as to
the payment of dividends by the Corporation.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253764"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(b)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Cumulative Cash Dividends</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Holders of VMTP Preferred Shares of any Series
shall be entitled to receive, when, as and if declared by the Board of
Directors, out of funds legally available therefor under Applicable Law and
otherwise in accordance with the Charter and Applicable Law, cumulative cash
dividends at the Applicable Rate for such VMTP Preferred Shares, determined as
set forth in paragraph (e) of this Section 2, and no more (except to the extent
set forth in Section 3 of these Articles Supplementary), payable on the Dividend
Payment Dates with respect to such VMTP Preferred Shares determined pursuant to
paragraph (d) of this Section 2. Holders of VMTP Preferred Shares shall not be
entitled to any dividend, whether payable in cash, property or shares, in
excess of full cumulative dividends, as herein provided, on VMTP Preferred
Shares. No interest, or sum of money in lieu of interest, shall be payable in
respect of any dividend payment or payments on VMTP Preferred Shares which may
be in arrears, and no additional sum of money shall be payable in respect of
such arrearage, except that the Corporation shall pay as a supplemental
dividend out of funds legally available therefor under Applicable Law and
otherwise in accordance with Applicable Law, the Additional Amount (as defined
below in paragraph (e)(i)(B) of this Section 2) on account of a Failure to
Deposit, if any, in respect of each day during the period commencing on the day
a Failure to Deposit occurs through and including the day immediately preceding
the earlier of (i) the day the Failure to Deposit is cured and (ii) the third
Business Day next succeeding the day on which the Failure to Deposit occurred.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253765"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(c)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Dividends Cumulative from Date
of Original Issue</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Dividends on
VMTP Preferred Shares of any Series shall be declared daily and accumulate at
the Applicable Rate for such VMTP Preferred Shares from the Date of Original
Issue thereof.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253766"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(d)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Dividend Payment Dates</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Dividend Payment Date with respect to VMTP
Preferred Shares shall be the first Business Day of each calendar month.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253767"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(e)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Applicable Rates and
Calculation of Dividends</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.</font></h2>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Applicable Rates. </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">The dividend rate on VMTP Preferred Shares of
any Series during the period from and after the Date of Original Issue of such
VMTP Preferred Shares to and including the last day of the Initial Rate Period
of such VMTP Preferred Shares shall be calculated by the Redemption and Paying
Agent and shall equal to the rate </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">per annum </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">set forth with respect to
the shares of such Series under &#8220;Designation&#8221; above. Each Subsequent Rate
Period will be a Minimum Rate Period. For each Subsequent Rate Period of VMTP
Preferred Shares thereafter, the dividend rate on such VMTP Preferred Shares
shall be calculated by the Redemption and Paying Agent and shall be equal to
the rate </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">per annum </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">that results from the Applicable Rate Determination
for such VMTP Preferred Shares on the Rate Determination Date immediately
preceding such Subsequent </font></h3>
<a name="_bclFooter24"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">20</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_25"></a><a name="_bclPageBorder25"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Rate Period which shall be
the sum of the (1) Applicable Base Rate and (2) Ratings Spread; </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">,
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, that:</font></h3>

<h5 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(A)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">if an Applicable Rate
Determination for any such Subsequent Rate Period is not held for any reason,
the dividend rate on such VMTP Preferred Shares for such Subsequent Rate Period
will be adjusted to the Maximum Rate for such VMTP Preferred Shares on the Rate
Determination Date therefor;</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(B)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">if any Failure to Deposit shall
have occurred with respect to such VMTP Preferred Shares during any Dividend
Period thereof, but, prior to 12:00 noon, New York City time, on the third
Business Day next succeeding the date on which such Failure to Deposit
occurred, such Failure to Deposit shall have been cured in accordance with
paragraph (f) of this Section 2 and the Corporation shall have paid to the
Redemption and Paying Agent, an additional amount out of legally available
funds therefor under Applicable Law and otherwise in accordance with Applicable
Law (the &#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">Additional Amount</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;), daily supplemental dividends equal in the
aggregate to the sum of (1) if such Failure to Deposit consisted of the failure
to timely pay to the Redemption and Paying Agent the full amount of dividends
with respect to any Dividend Period of such VMTP Preferred Shares, an amount
computed by multiplying (x) the Applicable Rate for the Rate Period during
which such Failure to Deposit occurs on the Dividend Payment Date for such
Dividend Period </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">plus </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">2.00% by (y) a fraction, the numerator of which
shall be the number of days for which such Failure to Deposit has not been
cured in accordance with paragraph (f) of this Section 2 (including the day
such Failure to Deposit occurs and excluding the day such Failure to Deposit is
cured) and the denominator of which shall be 360, and applying the rate
obtained against the aggregate Liquidation Preference of the Outstanding shares
of such Series (with the amount for each individual day that such Failure to
Deposit occurs or continues uncured being declared as a supplemental dividend
on that day) and (2) if such Failure to Deposit consisted of the failure to
timely pay to the Redemption and Paying Agent the Redemption Price of the
shares, if any, of such Series for which Notice of Redemption has been provided
by the Corporation pursuant to paragraph (c) of Section 10 of these Articles
Supplementary, an amount computed by multiplying, (x) for the Rate Period
during which such Failure to Deposit occurs on the Redemption Date, the Applicable
Rate </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">plus </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">2.00% by (y) a fraction, the numerator of which shall be the
number of days for which such Failure to Deposit is not cured in accordance
with paragraph (f) of this Section 2 (including the day such Failure to Deposit
occurs and excluding the day such Failure to Deposit is cured) and the
denominator of which shall be 360, and applying the rate obtained against the
aggregate Liquidation Preference of the Outstanding shares of such Series to be
redeemed (with the amount for each individual day that such Failure to Deposit
occurs or continues uncured being declared as a supplemental dividend on that
day), and if a Rate Determination Date occurs on the date on which such Failure
to Deposit occurred or on either of the two Business Days succeeding that date,
and the Failure to Deposit has not been cured on such Rate Determination Date
in accordance with paragraph (f) of this Section 2, no Applicable Rate
Determination will be held in respect of such VMTP Preferred Shares for the
Subsequent Rate </font></h5>
<a name="_bclFooter25"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">21</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_26"></a><a name="_bclPageBorder26"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h5 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Period relating to such Rate
Determination Date and the dividend rate for such VMTP Preferred Shares for
such Subsequent Rate Period will be the Maximum Rate for such VMTP Preferred
Shares on the Rate Determination Date for such Subsequent Rate Period; or</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(C)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Upon the occurrence of an
Increased Rate Event, for each day from (and including) the day the Increased
Rate Event first occurs to (and excluding) the day the Increased Rate Event is
cured, the dividend rate shall be a rate equal to the lesser of (x) the sum of
(I) the dividend rate otherwise determined pursuant to the provisions of
Section 2(e)(i)(A) and (B) and (II) 2.00% and (y) the Maximum Rate.</font></h5>

<p style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Each dividend
rate determined in accordance with this paragraph (e)(i) of Section 2 of these
Articles Supplementary shall be an &#8220;Applicable Rate.&#8221;</font></p>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(ii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Calculation of Dividends. </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">The amount of dividends per share
payable on VMTP Preferred Shares of a Series on any Dividend Payment Date shall
be calculated by the Redemption and Paying Agent and shall equal the sum of the
dividends accumulated but not yet paid for each Rate Period (or part thereof)
in the related Dividend Period or Dividend Periods. The amount of dividends
accumulated for each such Rate Period (or part thereof) shall be computed by
multiplying the Applicable Rate in effect for VMTP Preferred Shares of such
Series for such Rate Period (or part thereof) by a fraction, the numerator of
which shall be the number of days in such Rate Period (or part thereof) and the
denominator of which shall be the actual number of days in the year (365 or
366), and multiplying such product by $100,000.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253768"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(f)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Curing a Failure to Deposit</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. A Failure to Deposit with respect to shares of a
Series of VMTP Preferred Shares shall have been cured (if such Failure to
Deposit is not solely due to the willful failure of the Corporation to make the
required payment to the Redemption and Paying Agent) with respect to any
Dividend Period of such VMTP Preferred Shares if, within the respective time
periods described in paragraph (e)(i) of this Section 2, the Corporation shall
have paid to the Redemption and Paying Agent (A) all accumulated but unpaid dividends
on such VMTP Preferred Shares and (B) without duplication, the Redemption Price
for shares, if any, of such Series for which Notice of Redemption has been
provided by the Corporation pursuant to paragraph (c) of Section 10 of these
Articles Supplementary; provided, however, that the foregoing clause (B) shall
not apply to the Corporation&#8217;s failure to pay the Redemption Price in respect
of VMTP Preferred Shares when the related Notice of Redemption provides that
redemption of such shares is subject to one or more conditions precedent and
any such condition precedent shall not have been satisfied at the time or times
and in the manner specified in such Notice of Redemption.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253769"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(g)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Dividend Payments by
Corporation to Redemption and Paying Agent</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. In connection with each Dividend Payment Date for
VMTP Preferred Shares, the Corporation shall pay to the Redemption and Paying
Agent, not later than 12:00 noon, New York City time, on the earlier of (A) the
third (3rd) Business Day next succeeding the Rate Determination Date
immediately preceding the Dividend Payment Date and (B) the Business Day
immediately preceding the Dividend Payment Date, an aggregate amount of Deposit
Securities equal to the dividends to be paid to all Holders of VMTP Preferred
Shares on such Dividend Payment Date as determined in accordance with Section
2(e)(ii) of these Articles Supplementary or as otherwise </font></h2>
<a name="_bclFooter26"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">22</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_27"></a><a name="_bclPageBorder27"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">provided
for. If an aggregate amount of funds equal to the dividends to be paid to all
Holders of VMTP Preferred Shares on such Dividend Payment Date are not
available in New York, New York, by 12:00 noon, New York City time, on the
Business Day immediately preceding such Dividend Payment Date, the Redemption
and Paying Agent will notify the Holders by Electronic Means of such fact prior
to the close of business on such day.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253770"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(h)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Redemption and Paying Agent as
Trustee of Dividend Payments by Corporation</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. All Deposit Securities paid to the Redemption and
Paying Agent for the payment of dividends shall be held in trust for the
payment of such dividends by the Redemption and Paying Agent for the benefit of
the Holders specified in paragraph (i) of this Section 2. The Redemption and
Paying Agent shall notify the Corporation by Electronic Means of the amount of
any funds deposited with the Redemption and Paying Agent by the Corporation for
any reason under the Redemption and Paying Agent Agreement, including for the
payment of dividends or the redemption of VMTP Preferred Shares, that remain
with the Redemption and Paying Agent after ninety (90) days from the date of
such deposit and such amount shall, to the extent permitted by law, be repaid
to the Corporation by the Redemption and Paying Agent upon request by
Electronic Means of the Corporation. The Corporation&#8217;s obligation to pay
dividends to Holders in accordance with the provisions of these Articles
Supplementary shall be satisfied upon payment by the Redemption and Paying
Agent of such Dividends to the Securities Depository on the relevant Dividend
Payment Date.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253771"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Dividends Paid to Holders</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Each dividend on VMTP Preferred Shares shall be
declared daily to the Holders thereof at the close of business on each such day
and paid on each Dividend Payment Date to the Holders thereof at the close of
business on the day immediately preceding such Dividend Payment Date. In
connection with any transfer of VMTP Preferred Shares, the transferor as
Beneficial Owner of VMTP Preferred Shares shall be deemed to have agreed
pursuant to the terms of the VMTP Preferred Shares to transfer to the
transferee the right to receive from the Corporation any dividends declared and
unpaid for each day prior to the transferee becoming the Beneficial Owner of
the VMTP Preferred Shares in exchange for payment of the purchase price for
such VMTP Preferred Shares by the transferee. In connection with any transfer
of VMTP Preferred Shares, the transferee as Beneficial Owner of VMTP Preferred
Shares shall be deemed to have agreed pursuant to the terms of the VMTP
Preferred Shares to transfer to the transferor (or prior Holder) the right to
receive from the Corporation any dividends in the nature of Gross-up Payments
that relate to dividends paid during the transferor&#8217;s (or prior Holder&#8217;s)
holding period.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253772"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(j)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Dividends Credited Against
Earliest Accumulated But Unpaid Dividends</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Any dividend payment made on VMTP Preferred Shares that is
insufficient to cover the entire amount of dividends payable shall first be
credited against the earliest accumulated but unpaid dividends due with respect
to such VMTP Preferred Shares. Dividends in arrears for any past Dividend
Period may be declared and paid at any time, without reference to any regular
Dividend Payment Date, to the Holders as their names appear on the record books
of the Corporation on such date, not exceeding fifteen (15) days preceding the
payment date thereof, as may be fixed by the Board of Directors.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253773"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(k)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Dividends Designated as
Exempt-Interest Dividends</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.
Dividends on VMTP Preferred Shares shall be designated as exempt-interest
dividends up to the amount of the Net Tax-</font></h2>
<a name="_bclFooter27"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">23</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_28"></a><a name="_bclPageBorder28"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Exempt
Income of the Corporation, to the extent permitted by, and for purposes of,
Section 852 of the Code.</font></h2>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253774"></a><b><font face="Times New Roman" style="font-size:12.0pt;">3.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Gross-Up Payments and
Notice of Allocations. </font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Holders of
VMTP Preferred Shares shall be entitled to receive, when, as and if declared by
the Board of Directors, out of funds legally available therefor under
Applicable Law and otherwise in accordance with Applicable Law, dividends in an
amount equal to the aggregate Gross-up Payments as follows:</font></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Whenever the Corporation intends or expects to
include any net capital gains or ordinary income taxable for regular federal
income tax purposes in any dividend on VMTP Preferred Shares, the Corporation
shall notify the Redemption and Paying Agent of the amount to be so included
(i) not later than fourteen (14) calendar days preceding the first Rate
Determination Date on which the Applicable Rate for such dividend is to be
established, and (ii) for any successive Rate Determination Date on which the
Applicable Rate for such dividend is to be established, not later than the
close of business on the immediately preceding Rate Determination Date.
Whenever such advance notice is received from the Corporation, the Redemption
and Paying Agent will notify each Holder and each potential Beneficial Owner or
its Agent Member. With respect to a Rate Period for which such advance notice
was given and whose dividends are comprised partly of such ordinary income or
capital gains and partly of exempt&#173; interest income, the different types of
income will be paid in the same relative proportions for each day during the
Rate Period.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; (i) If the Corporation allocates, under
Subchapter M of Chapter 1 of the Code, any net capital gains or ordinary income
taxable for regular federal income tax purposes to a dividend paid on VMTP
Preferred Shares the Corporation shall to the extent practical simultaneously
increase such dividend payment by an additional amount equal to the Gross-up
Payment and direct the Redemption and Paying Agent to send notice with such
dividend describing the Gross-up Payment and (ii) if the Corporation allocates,
under Subchapter M of Chapter 1 of the Code, any net capital gains or ordinary
income taxable for regular federal income tax purposes to a dividend paid on
VMTP Preferred Shares without simultaneously increasing such dividend as
describe in clause (i) above the Corporation shall, prior to the end of the
calendar year in which such dividend was paid, direct the Redemption and Paying
Agent to send notice with a Gross-up Payment to the Holder that was entitled to
such dividend payment during such calendar year at such Holder&#8217;s address as the
same appears or last appeared on the record books of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Corporation shall not be required to make
Gross-up Payments with respect to any net capital gains or ordinary income
determined by the Internal Revenue Service to be allocable in a manner
different from the manner used by the Corporation.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253775"></a><b><font face="Times New Roman" style="font-size:12.0pt;">4.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Voting Rights.</font></b></h1>

<h2 style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253776"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(a)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">One Vote Per VMTP Preferred
Share</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Except as otherwise
provided in the Charter or as otherwise required by law, (i) each Holder of
VMTP Preferred Shares shall be entitled to one vote for each VMTP Preferred
Share held by such Holder on each matter submitted to a vote of stockholders of
the Corporation, and (ii) the holders of outstanding Preferred Shares,
including each VMTP Preferred Share, and of Common Shares shall vote together
as a single class; </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">,</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;"> however</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, that the holders of
outstanding Preferred Shares, including VMTP Preferred Shares, </font></h2>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">24</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_29"></a><a name="_bclPageBorder29"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">voting together as a class, to the exclusion of the
holders of all other securities and classes of stock of the Corporation, shall
be entitled to elect two directors of the Corporation at all times, each
Preferred Share, including each VMTP Preferred Share, entitling the holder
thereof to one vote. Subject to paragraph (b) of this Section 4, the holders of
outstanding Common Shares and Preferred Shares, including VMTP Preferred
Shares, voting together as a single class, shall elect the balance of the
directors.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253777"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(b)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Voting for Additional Directors</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.</font></h2>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Voting Period. </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">During any period in which any one or more of the
conditions described in subparagraphs (A) or (B) of this paragraph (b)(i) shall
exist (such period being referred to herein as a &#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">Voting Period</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;), the
number of directors constituting the Board of Directors shall be automatically
increased by the smallest number that, when added to the two directors elected
exclusively by the holders of Preferred Shares, including VMTP Preferred
Shares, would constitute a majority of the Board of Directors as so increased
by such smallest number; and the holders of Preferred Shares, including VMTP
Preferred Shares, shall be entitled, voting together as a single class on a
one-vote-per-share basis (to the exclusion of the holders of all other
securities and classes of stock of the Corporation), to elect such smallest
number of additional directors, together with the two directors that such
holders are in any event entitled to elect. A Voting Period shall commence:</font></h3>

<h5 style="margin-bottom:12.0pt;margin-left:135.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-63.0pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(A)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">if at the close of business on any
Dividend Payment Date accumulated dividends (whether or not earned or declared)
on any outstanding Preferred Shares, including VMTP Preferred Shares, equal to
at least two full years&#8217; dividends shall be due and unpaid and sufficient cash
or specified securities shall not have been deposited with the Redemption and
Paying Agent for the payment of such accumulated dividends; or</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:135.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-63.0pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(B)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">if at any time holders of
Preferred Shares are entitled under the 1940 Act to elect a majority of the
directors of the Corporation.</font></h5>

<p style="margin-bottom:.25in;margin-left:1.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Upon the termination of
a Voting Period, the voting rights described in this paragraph (b)(i) shall
cease, subject always, however, to the revesting of such voting rights in the
holders of Preferred Shares upon the further occurrence of any of the events
described in this paragraph (b)(i).</font></p>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(ii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Notice of Special Meeting. </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">As soon as reasonably practicable
after the accrual of any right of the holders of Preferred Shares to elect additional
directors as described in paragraph (b)(i) of this Section 4, the Corporation
may call a special meeting of such holders, such call to be made by notice as
provided in the bylaws of the Corporation, such meeting to be held not less
than ten (10) nor more than sixty (60) days after the date of mailing of such
notice. If a special meeting is not called by the Corporation, it may be called
by any such holder on like notice. The record date for determining the holders
entitled to notice of and to vote at such special meeting shall be not less
than ten </font></h3>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">25</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_30"></a><a name="_bclPageBorder30"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(10) days nor more than sixty (60) prior to
the date of such special meeting. At any such special meeting and at each
meeting of holders of Preferred Shares held during a Voting Period at which
directors are to be elected, such holders, voting together as a class (to the
exclusion of the holders of all other securities and classes of stock of the
Corporation), shall be entitled to elect the number of directors prescribed in
paragraph (b)(i) of this Section 4 on a one-vote-per-share basis.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(iii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Terms of Office of Existing Directors. </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">The terms of office of all
persons who are directors of the Corporation at the time of a special meeting
of Holders and holders of other Preferred Shares to elect directors shall
continue, notwithstanding the election at such meeting by the Holders and such
other holders of other Preferred Shares of the number of directors that they
are entitled to elect, and the persons so elected by the Holders and such other
holders of other Preferred Shares, together with the two incumbent directors
elected by the Holders and such other holders of other Preferred Shares and the
remaining incumbent directors elected by the holders of the Common Shares and
Preferred Shares, shall constitute the duly elected directors of the
Corporation.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(iv)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Terms of Office of Certain Directors to Terminate Upon Termination of
Voting Period. </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Simultaneously with the termination of a Voting Period, the
terms of office of the additional directors elected by the Holders and holders
of other Preferred Shares pursuant to paragraph (b)(i) of this Section 4 shall
terminate, the remaining directors shall constitute the directors of the
Corporation and the voting rights of the Holders and such other holders to
elect additional directors pursuant to paragraph (b)(i) of this Section 4 shall
cease, subject to the provisions of the last sentence of paragraph (b)(i) of
this Section 4.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253778"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(c)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">1940 Act Matters</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The affirmative vote of the holders of a &#8220;majority
of the outstanding Preferred Shares,&#8221; including the VMTP Preferred Shares,
Outstanding at the time, voting as a separate class, shall be required to
approve (A) any conversion of the Corporation from a closed-end to an open-end
investment company, (B) any plan of reorganization (as such term is used in the
1940 Act) adversely affecting such shares and (C) any action requiring a vote
of security holders of the Corporation under Section 13(a) of the 1940 Act.</font></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">For purposes of the foregoing,
&#8220;majority of the outstanding Preferred Shares&#8221; means (i) 67% or more of such
shares present at a meeting, if the Holders of more than 50% of such shares are
present or represented by proxy, or (ii) more than 50% of such shares,
whichever is less. In the event a vote of Holders of VMTP Preferred Shares is
required pursuant to the provisions of Section 13(a) of the 1940 Act, the
Corporation shall, not later than ten (10) Business Days prior to the date on
which such vote is to be taken, notify Moody&#8217;s (if Moody&#8217;s is then rating the
VMTP Preferred Shares at the request of the Corporation), Fitch (if Fitch is
then rating the VMTP Preferred Shares at the request of the Corporation) and
Other Rating Agency (if any Other Rating Agency is then rating the VMTP
Preferred Shares at the request of the Corporation) that such vote is to be
taken and the nature of the action with respect to which such vote is to be
taken.</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253779"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(d)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Exclusive Right to Vote on
Certain Charter Matters</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.
Notwithstanding the foregoing, and except as otherwise required by the Charter
or Applicable Law, (i) Holders of Outstanding VMTP Preferred Shares will be
entitled as a Series, to the exclusion of the holders of all other securities,
including other Preferred Shares, Common Shares and other classes of capital </font></h2>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">26</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_31"></a><a name="_bclPageBorder31"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">stock of the Corporation, to vote on matters adversely
affecting VMTP Preferred Shares that do not adversely affect any of the rights
of holders of such other securities, including other Preferred Shares, Common
Shares and other classes of capital stock and (ii) Holders of Outstanding VMTP
Preferred Shares will not be entitled to vote on matters adversely affecting
any other Preferred Shares, Common Shares and other classes of capital stock
that do not adversely affect any of the rights of Holders of the VMTP Preferred
Shares.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253780"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(e)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Voting Rights Set Forth Herein
are Sole Voting Rights</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Unless
otherwise required by law, the Holders of VMTP Preferred Shares shall not have
any relative rights or preferences or other special rights other than those
specifically set forth herein.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253781"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(f)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">No Preemptive Rights or
Cumulative Voting</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Holders of
VMTP Preferred Shares shall have no preemptive rights or rights to cumulative
voting.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253782"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(g)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Voting for Directors Sole
Remedy for Corporation&#8217;s Failure to Pay Dividends</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. In the event that the Corporation fails to pay any
dividends on the VMTP Preferred Shares, the exclusive remedy of the Holders
shall be the right to vote for directors pursuant to the provisions of this
Section 4.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253783"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(h)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Holders Entitled to Vote</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. For purposes of determining any rights of the
Holders to vote on any matter, whether such right is created by these Articles
Supplementary, by the other provisions of the Charter, by statute or otherwise
by Applicable Law, no Holder shall be entitled to vote any VMTP Preferred
Shares and no VMTP Preferred Shares shall be deemed to be &#8220;Outstanding&#8221; for the
purpose of voting or determining the number of VMTP Preferred Shares required
to constitute a quorum if, prior to or concurrently with the time of determination
of VMTP Preferred Shares entitled to vote or VMTP Preferred Shares deemed
Outstanding for quorum purposes, as the case may be, the requisite Notice of
Redemption with respect to such VMTP Preferred Shares shall have been provided
as set forth in paragraph (c) of Section 10 of these Articles Supplementary and
Deposit Securities in an amount equal to the Redemption Price for the
redemption of such VMTP Preferred Shares shall have been deposited in trust
with the Redemption and Paying Agent for that purpose. VMTP Preferred Shares
held (legally or beneficially) by the Corporation or any affiliate of the
Corporation or otherwise controlled by the Corporation shall not have any
voting rights or be deemed to be Outstanding for voting or for calculating the
voting percentage required on any other matter or other purposes.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253784"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Grant of Irrevocable Proxy</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. To the fullest extent permitted by Applicable Law,
each Holder may in its discretion grant an irrevocable proxy.</font></h2>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253785"></a><b><font face="Times New Roman" style="font-size:12.0pt;">5.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Amendments. </font></b></h1>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(a) &#160;&#160;&#160;&#160;&#160;&#160; Except
as may be otherwise expressly provided in respect of a particular provision of
these Articles Supplementary or as otherwise required by Applicable Law, these
Articles Supplementary may be amended only upon the affirmative vote or written
consent of (1) a majority of the Board of Directors and (2) the Holders of a majority
of the Outstanding VMTP Preferred Shares.</font></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding Section 5(a) of these Articles
Supplementary, except as may be otherwise expressly provided by Sections 5(f),
5(g) or 5(h) of these Articles Supplementary or as </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">otherwise
required by Applicable Law, so long as any VMTP Preferred Shares are
Outstanding, (x) the definitions of &#8220;Eligible Assets&#8221; (including Appendix A
hereto) and &#8220;Minimum Asset Coverage&#8221; and (y) Sections l(b), 6(a), 6(b), 6(c),
6(d), paragraphs (A) through (D) of 10(b)(ii), 13(h) and 13(i) of these
Articles Supplementary may be amended only upon the affirmative vote or written
consent of (1) a majority of the Board of Directors and (2) the Holders of 66
2/3% of the Outstanding VMTP Preferred Shares. No amendment to paragraphs (A)
through (D) of Section 10(b)(ii) of these Articles Supplementary shall be
effective unless the Corporation has received written confirmation from each
Rating Agency, as applicable, then rating the VMTP Preferred Shares at the
request of the Corporation, that such amendment will not adversely affect the
rating then assigned by such Rating Agency to the VMTP Preferred Shares.</font></p>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">27</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_32"></a><a name="_bclPageBorder32"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding Sections 5(a) and 5(b) of these
Articles Supplementary, except as may be otherwise expressly provided by
Sections 5(f), 5(g) or 5(h) of these Articles Supplementary or as otherwise
required by Applicable Law, the provisions of these Articles Supplementary set
forth under (x) the caption &#8220;Designation&#8221; (but only with respect to any VMTP
Preferred Shares already issued and Outstanding), (y) Sections l(a) (but only
with respect to any VMTP Preferred Shares already issued and Outstanding), 2(a),
2(b), 2(c), 2(d), 2(e)(i), 2(e)(ii), 2(k), 3(b), 8, 10(a)(i), 10(b)(i), 10(h), 11(a),
11(b) or 11(c) of these Articles Supplementary and (z) the definitions
&#8220;Additional Amount&#8221;, &#8220;Applicable Base Rate&#8221;, &#8220;Applicable Rate&#8221;, &#8220;Dividend
Payment Date&#8221;, &#8220;Dividend Period&#8221;, &#8220;Effective Leverage Ratio&#8221;, &#8220;Failure to
Deposit&#8221;, &#8220;Gross-up Payment&#8221;, &#8220;Liquidation Preference&#8221;, &#8220;Maximum Rate&#8221;,
&#8220;Outstanding&#8221;, &#8220;Rate Determination Date&#8221;, &#8220;Ratings Spread&#8221;, &#8220;Redemption
Premium&#8221;, &#8220;Redemption Price&#8221;, &#8220;Subsequent Rate Period&#8221; or &#8220;Term Redemption
Date&#8221; (i) (A) may be amended so as to adversely affect the amount, timing,
priority or taxability of any dividend, redemption or other payment or
distribution due to the Holders or (B) may amend the definition of &#8220;Effective
Leverage Ratio&#8221; or the calculation thereof, in each case, only upon the
affirmative vote or written consent of (1) a majority of the Board of Directors
and (2) the Total Holders and (ii) may be otherwise amended upon the
affirmative vote or written consent of (1) a majority of the Board of Directors
and (2) the holders of 66 2/3% of the Outstanding VMTP Preferred Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; If any action set forth above in Sections 5(a)
to 5(c) would adversely affect the rights of one or more Series (the &#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Affected
Series</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;) of VMTP Preferred Shares in a manner different from any other
Series of VMTP Preferred Shares, except as may be otherwise expressly provided
as to a particular provision of these Articles Supplementary or as otherwise
required by Applicable Law, the affirmative vote or consent of Holders of the
corresponding percentage of the Affected Series Outstanding (as set forth in
Section 5(a), (b) or (c)), shall also be required.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Any amendment that amends a provision of these
Articles Supplementary, the Charter or the VMTP Preferred Shares that requires
the vote or consent of Holders of a percentage greater than a Majority shall
require such specified percentage to approve any such proposed amendment.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding paragraphs (a) through (e)
above or anything expressed or implied to the contrary in these Articles
Supplementary, but subject to Applicable Law, a majority of the Board of
Directors may, by resolution duly adopted, without stockholder approval, but
with at least 20 Business Days prior written notice to the Holders, amend or
supplement these Articles Supplementary (1) to the extent not adverse to any
Holder, to supply any omission, or cure, correct </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">or
supplement any ambiguous, defective or inconsistent provision hereof; provided
that if Holders of at least 66 2/3% of the VMTP Preferred Shares Outstanding,
indicate in writing that they are adversely affected thereby not later than
five (5) Business Days prior to the effective date of any such amendment or
supplement, the Corporation either shall not make any such amendment or
supplement or may seek arbitration with respect to such matter (at the expense
of the Corporation), or (2) to reflect any amendments or supplements hereto
which the Board of Directors is expressly entitled to adopt pursuant to the
terms of these Articles Supplementary without stockholder approval, including
without limitation, (i) amendments pursuant to Section 5(g) of these Articles
Supplementary, (ii) amendments the Board of Directors deem necessary to conform
these Articles Supplementary to the requirements of Applicable Law or the
requirements of the Internal Revenue Code, (iii) amendments to effect or
implement any plan of reorganization among the Corporation and any registered
investment companies under the 1940 Act that has been approved by the requisite
vote of the Corporation&#8217;s shareholders, or (iv) to designate additional Series of
VMTP Preferred Shares (and terms relating thereto) to the extent permitted by
these Articles Supplementary, the VMTP Preferred Shares or the Charter. Any
arbitration commenced pursuant to clause l of the immediately preceding
sentence shall be conducted in New York, New York and in accordance with the
American Arbitration Association rules.</font></p>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">28</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_33"></a><a name="_bclPageBorder33"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding anything expressed or implied
to the contrary in these Articles Supplementary, the Board of Directors may,
subject to this Section 5(g), at any time, terminate the services of a Rating
Agency then providing a rating for VMTP Preferred Shares of such Series with or
without replacement, in either case, without the approval of Holders of VMTP
Preferred Shares of such Series or other stockholders of the Corporation.</font></p>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Notwithstanding anything herein to the contrary, the Board of Directors,
without the approval of Holders of VMTP Preferred Shares or other stockholders
of the Corporation, may terminate the services of any Rating Agency then
providing a rating for a Series of VMTP Preferred Shares and replace it with
another Rating Agency, provided that the Corporation provides seven (7) days&#8217;
notice by Electronic Means to Holders of VMTP Preferred Shares of such Series
prior to terminating the services of a Rating Agency and replacing it with
another Rating Agency. In the event a Rating Agency ceases to furnish a
preferred stock rating or the Corporation terminates a Rating Agency with
replacement in accordance with this clause (i), the Corporation shall no longer
be required to comply with the Rating Agency Provisions of the Rating Agency so
terminated and, as applicable, the Corporation shall be required to thereafter
comply with the Rating Agency Provisions of each Rating Agency then providing a
rating for the VMTP Preferred Shares of such Series at the request of the
Corporation.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:13.5pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(ii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(A)&#160;&#160;&#160;&#160;&#160;&#160;  Notwithstanding anything herein to the contrary, the Board of
Directors, without the approval of Holders of VMTP Preferred Shares or other
stockholders of the Corporation, may terminate the services of any Rating
Agency then providing a rating for a Series of VMTP Preferred Shares without
replacement, provided that (I) the Corporation has given the Redemption and
Paying Agent, such terminated Rating Agency, and Holders of VMTP Preferred
Shares of such Series at least forty-five (45) calendar days&#8217; advance written
notice of such termination of services, (II) the Corporation is in compliance
with the Rating Agency Provisions of such terminated Rating Agency at the time
the notice required in clause (I) hereof is given and at the time of the
termination of services, and (III) </font></h3>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">29</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_34"></a><a name="_bclPageBorder34"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:13.5pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">the VMTP Preferred
Shares of such Series continue to be rated by at least one NRSRO at and after
the time of the termination of services.</font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(B)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">On the date that the notice is
given as described in the preceding clause (A) and on the date that the
services of the applicable Rating Agency is terminated, the Corporation shall
provide the Redemption and Paying Agent and such terminated Rating Agency with
an officers&#8217; certificate as to the compliance with the provisions of the
preceding clause (A), and, on such later date and thereafter, the Corporation
shall no longer be required to comply with the Rating Agency Provisions of the
Rating Agency whose services were terminated.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:13.5pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(iii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Notwithstanding anything herein to the contrary, but subject to this
Section 5(g), the Rating Agency Guidelines, as they may be amended from time to
time by the respective Rating Agency, will be reflected in a written document
and may be amended by the respective Rating Agency without the vote, consent or
approval of the Corporation, the Board of Directors or any holder of Preferred
Shares, including any Series of VMTP Preferred Shares, or any other stockholder
of the Corporation. The Board of Directors, without the vote or consent of any
holder of Preferred Shares, including any Series of VMTP Preferred Shares, or
any other stockholder of the Corporation, may from time to time take such
actions as may be reasonably required in connection with obtaining, maintaining
or changing the rating of any Rating Agency that is then rating the VMTP
Preferred Shares at the request of the Corporation, and any such action will not
be deemed to affect the preferences, rights or powers of Preferred Shares,
including VMTP Preferred Shares, or the Holders thereof, provided that the
Board of Directors receives written confirmation from such Rating Agency, as
applicable, then rating the VMTP Preferred Shares at the request of the
Corporation (with such confirmation in no event being required to be obtained
from a particular Rating Agency with respect to definitions or other provisions
relevant only to and adopted in connection with another Rating Agency&#8217;s rating
of any Series of VMTP Preferred Shares) that any such action would not
adversely affect the rating then assigned by such Rating Agency.</font></h3>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253428"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding the
foregoing, nothing in this Section </font><i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">5 </font></i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">is intended in any way to limit the
ability of the Board of Directors to, subject to Applicable Law, amend or alter
any provisions of these Articles Supplementary at any time that there are no
VMTP Preferred Shares Outstanding.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253786"></a><b><font face="Times New Roman" style="font-size:12.0pt;">6.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Minimum Asset Coverage and
Other Financial Requirements.</font></b></h1>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253787"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(a)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Minimum Asset Coverage</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall maintain, as of the last
Business Day of each week in which any VMTP Preferred Share is Outstanding, the
Minimum Asset Coverage.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253788"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(b)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Effective Leverage Ratio</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall maintain an Effective Leverage
Ratio of not greater than 45% (other than solely by reason of fluctuations in
the market value of its portfolio securities). In the event that the
Corporation&#8217;s Effective Leverage Ratio exceeds 45% (whether by reason of
fluctuations in the market value of its portfolio securities or otherwise), the
</font></h2>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">30</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_35"></a><a name="_bclPageBorder35"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Corporation shall cause the Effective Leverage Ratio
to be 45% or lower within ten (10) Business Days (&#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">Effective Leverage Ratio
Cure Period</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;).</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253789"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(c)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Eligible Assets</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall make investments only in the
Eligible Assets in accordance with the Corporation&#8217;s investment objectives and
investment policies.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253790"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(d)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Credit Quality</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Under normal
market conditions, the Corporation shall invest at least 80% of its Managed
Assets in Municipal Obligations rated, at the time of investment, in one of the
four highest rating categories by at least one NRSRO or, if unrated, determined
to be of comparable quality by the Investment Adviser.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253791"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(e)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Liens</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall not create or incur or suffer
to be incurred or to exist any lien on any funds, accounts or other property
held under the Charter, except as permitted by the Charter or as arising by
operation of law and except for (i) any lien of the Custodian or any other
Person with respect to the payment of fees or repayment for advances or
otherwise, (ii) any lien arising in connection with any overdrafts incurred by
the Corporation in connection with custody accounts that it maintains, (iii) any
lien that may be incurred in connection with the Corporation&#8217;s use of tender
option bonds, (iv) any lien arising in connection with futures, forwards, swaps
and other derivative transactions, and (v) any lien that may be incurred in
connection with the Corporation&#8217;s proposed redemption or repurchase of all of
the Outstanding VMTP Preferred Shares (provided that the Corporation delivers
to the Redemption and Paying Agent sufficient Deposit Securities for the
purpose of redeeming the VMTP Preferred Shares, issues a Notice of Redemption
for the VMTP Preferred Shares and redeems such VMTP Preferred Shares in
accordance with the terms of these Articles Supplementary) as soon as
practicable after the incurrence of such lien.</font></h2>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;"><a name="_Toc152253792"></a><b><font face="Times New Roman" style="font-size:12.0pt;">7.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Basic Maintenance Amount.</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; So long as VMTP Preferred Shares are
Outstanding, the Corporation shall maintain, on each Valuation Date, and shall
verify to its satisfaction that it is maintaining on such Valuation Date, (i)
Moody&#8217;s Eligible Assets having an aggregate Discounted Value equal to or
greater than the Basic Maintenance Amount (if Moody&#8217;s is then rating the VMTP
Preferred Shares at the request of the Corporation), (ii) Fitch Eligible Assets
having an aggregate Discounted Value equal to or greater than the Basic
Maintenance Amount (if Fitch is then rating the VMTP Preferred Shares at the
request of the Corporation), and (iii) Other Rating Agency Eligible Assets
having an aggregate Discounted Value equal to or greater than the Basic
Maintenance Amount (if any Other Rating Agency is then rating the VMTP
Preferred Shares at the request of the Corporation).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Corporation shall deliver to each Rating
Agency which is then rating VMTP Preferred Shares at the request of the
Corporation and any other party specified in the Rating Agency Guidelines all
certificates that are set forth in the respective Rating Agency Guidelines
regarding Minimum Asset Coverage, Basic Maintenance Amount and/or related
calculations at such times and containing such information as set forth in the
respective Rating Agency Guidelines (each, a &#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rating Agency Certificate</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;).
A failure by the Corporation to deliver a Rating Agency Certificate with
respect to the Basic Maintenance Amount shall be deemed to be delivery of a
Rating Agency Certificate indicating the Discounted Value for all assets of the
Corporation is less than the Basic Maintenance Amount, as of the relevant
Valuation Date; provided, however, that </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the
Corporation shall have the ability to cure such failure to deliver a Rating
Agency Certificate within one day of receipt of notice from such Rating Agency
that the Corporation failed to deliver such Rating Agency Certificate.</font></p>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">31</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253793"></a><b><font face="Times New Roman" style="font-size:12.0pt;">8.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Restrictions on Dividends
and Other Distributions.</font></b></h1>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253794"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(a)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Dividends on Preferred Shares
Other Than VMTP Preferred Shares</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.
Except as set forth in the next sentence, no dividends shall be declared or
paid or set apart for payment on the shares of any class or series of stock of
the Corporation ranking, as to the payment of dividends, on a parity with VMTP
Preferred Shares for any period unless full cumulative dividends have been or
contemporaneously are declared and paid on the shares of each Series of VMTP
Preferred Shares through their most recent Dividend Payment Date. When
dividends are not paid in full upon the VMTP Preferred Shares through their
most recent Dividend Payment Date or upon the shares of any other class or
series of stock of the Corporation ranking on a parity as to the payment of
dividends with VMTP Preferred Shares through their most recent respective dividend
payment dates, all dividends declared upon VMTP Preferred Shares and any other
such class or series of stock ranking on a parity as to the payment of
dividends with VMTP Preferred Shares shall be declared </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">pro rata </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">so that
the amount of dividends declared per share on VMTP Preferred Shares and such
other class or series of stock shall in all cases bear to each other the same
ratio that accumulated dividends per share on the VMTP Preferred Shares and
such other class or Series of stock bear to each other (for purposes of this
sentence, the amount of dividends declared per VMTP Preferred Share shall be
based on the Applicable Rate for such VMTP Preferred Share effective during the
Dividend Periods during which dividends were not paid in full).</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253795"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(b)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Dividends and Other
Distributions With Respect to Common Shares Under the 1940 Act</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Board of Directors shall not declare any
dividend (except a dividend payable in Common Shares), or declare any other
distribution, upon the Common Shares, or purchase Common Shares, unless in
every such case the Preferred Shares have, at the time of any such declaration
or purchase, an asset coverage (as defined in and determined pursuant to the
1940 Act) of at least 200% (or such other asset coverage as may in the future
be specified in or under the 1940 Act as the minimum asset coverage for senior
securities which are shares or stock of a closed-end investment company as a
condition of declaring dividends on its common shares or stock) after deducting
the amount of such dividend, distribution or purchase price, as the case may
be.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253796"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(c)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Other Restrictions on Dividends
and Other Distributions</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. For so
long as any VMTP Preferred Share is Outstanding, and except as set forth in
paragraph (a) of this Section 8 and paragraph (c) of Section 11 of these
Articles Supplementary, (A) the Corporation shall not declare, pay or set apart
for payment any dividend or other distribution (other than a dividend or
distribution paid in shares of, or in options, warrants or rights to subscribe
for or purchase, Common Shares or other shares, if any, ranking junior to the
VMTP Preferred Shares as to the payment of dividends and the distribution of
assets upon dissolution, liquidation or winding up) in respect of the Common
Shares or any other shares of the Corporation ranking junior to or on a parity
with the VMTP Preferred Shares as to the payment of dividends or the
distribution of assets upon dissolution, liquidation or winding up, or call for
redemption, redeem, purchase or otherwise acquire for consideration any Common
Shares or any other such junior shares (except by conversion into or exchange
for shares of the Corporation ranking junior to the VMTP Preferred Shares as to
the payment of dividends and the distribution of assets upon dissolution,
liquidation </font></h2>
<a name="_bclFooter36"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">32</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_37"></a><a name="_bclPageBorder37"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">or winding up), or any such parity shares
(except by conversion into or exchange for shares of the Corporation ranking
junior to or on a parity with VMTP Preferred Shares as to the payment of
dividends and the distribution of assets upon dissolution, liquidation or
winding up), unless (i) full cumulative dividends on shares of each Series of
VMTP Preferred Shares through its most recently ended Dividend Period shall
have been paid or shall have been declared and sufficient funds for the payment
thereof deposited with the Redemption and Paying Agent and (ii) the Corporation
has redeemed the full number of VMTP Preferred Shares required to be redeemed
by any provision for mandatory redemption pertaining thereto, and (B) the
Corporation shall not declare, pay or set apart for payment any dividend or
other distribution (other than a dividend or distribution paid in shares of, or
in options, warrants or rights to subscribe for or purchase, Common Shares or
other shares, if any, ranking junior to VMTP Preferred Shares as to the payment
of dividends and the distribution of assets upon dissolution, liquidation or
winding up) in respect of Common Shares or any other shares of the Corporation
ranking junior to VMTP Preferred Shares as to the payment of dividends or the
distribution of assets upon dissolution, liquidation or winding up, or call for
redemption, redeem, purchase or otherwise acquire for consideration any Common
Shares or any other such junior shares (except by conversion into or exchange
for shares of the Corporation ranking junior to VMTP Preferred Shares as to the
payment of dividends and the distribution of assets upon dissolution,
liquidation or winding up), unless immediately after such transaction the
Discounted Value of Moody&#8217;s Eligible Assets (if Moody&#8217;s is then rating the VMTP
Preferred Shares at the request of the Corporation), Fitch Eligible Assets (if
Fitch is then rating the VMTP Preferred Shares at the request of the
Corporation) and Other Rating Agency Eligible Assets (if any Other Rating
Agency is then rating the VMTP Preferred Shares at the request of the
Corporation) would each at least equal the Basic Maintenance Amount.</font></h2>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253797"></a><b><font face="Times New Roman" style="font-size:12.0pt;">9.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Rating Agency Restrictions.
</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">For so long as any VMTP Preferred
Shares are Outstanding and any Rating Agency is then rating the VMTP Preferred
Shares at the request of the Corporation, the Corporation will not engage in
certain proscribed transactions set forth in the Rating Agency Guidelines,
unless it has received written confirmation from each such Rating Agency that
proscribes the applicable transaction in its Rating Agency Guidelines that any
such action would not impair the rating then assigned by such Rating Agency to
a Series of VMTP Preferred Shares.</font></h1>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253798"></a><b><font face="Times New Roman" style="font-size:12.0pt;">10.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Redemption.</font></b></h1>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253799"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(a)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Optional Redemption</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.</font></h2>

<h3 style="margin-bottom:12.0pt;margin-left:81.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Subject to the provisions of subparagraph (iii) of this paragraph (a),
VMTP Preferred Shares of any Series may be redeemed, at the option of the
Corporation, at any time, as a whole or from time to time in part, out of funds
legally available therefor under Applicable Law and otherwise in accordance
with Applicable Law, at the Redemption Price; </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">,
that (A) VMTP Preferred Shares may not be redeemed in part if after such
partial redemption fewer than 50 VMTP Preferred Shares of such Series would
remain Outstanding; and (B) VMTP Preferred Shares are not redeemable by the
Corporation during the Initial Rate Period.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:81.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(ii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">If fewer than all of the Outstanding VMTP Preferred Shares of a Series
are to be redeemed pursuant to subparagraph (i) of this paragraph (a), the
number of VMTP </font></h3>
<a name="_bclFooter37"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">33</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_38"></a><a name="_bclPageBorder38"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:81.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preferred Shares of such Series to be
redeemed shall be selected either </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">pro rata </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">from the Holders of VMTP
Preferred Shares of such Series in proportion to the number of VMTP Preferred
Shares of such Series held by such Holders or by lot or other fair method as
determined by the Corporation&#8217;s Board of Directors. The Corporation&#8217;s Board of
Directors will have the full power and authority to prescribe the terms and
conditions upon which VMTP Preferred Shares will be redeemed from time to time.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:81.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(iii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">The Corporation may not on any date send a Notice of Redemption pursuant
to paragraph (c) of this Section 10 in respect of a redemption contemplated to
be effected pursuant to this paragraph (a) unless on such date (A) the
Corporation has available Deposit Securities with maturity or tender dates not
later than the day preceding the applicable Redemption Date and having a Market
Value not less than the amount (including any applicable Redemption Premium)
due to Holders of VMTP Preferred Shares by reason of the redemption of such
VMTP Preferred Shares on such Redemption Date and (B) the Discounted Value of
Moody&#8217;s Eligible Assets (if Moody&#8217;s is then rating the VMTP Preferred Shares at
the request of the Corporation), the Discounted Value of Fitch Eligible Assets
(if Fitch is then rating the VMTP Preferred Shares at the request of the
Corporation) and the Discounted Value of Other Rating Agency Eligible Assets
(if any Other Rating Agency is then rating the VMTP Preferred Shares at the
request of the Corporation) each at least equals the Basic Maintenance Amount,
and would at least equal the Basic Maintenance Amount immediately subsequent to
such redemption if such redemption were to occur on such date. For purposes of
determining in clause (B) of the preceding sentence whether the Discounted
Value of Moody&#8217;s Eligible Assets at least equals the Basic Maintenance Amount,
the Moody&#8217;s Discount Factors applicable to Moody&#8217;s Eligible Assets shall be
determined by reference to the first Exposure Period (as defined in the Moody&#8217;s
Guidelines) longer than the Exposure Period then applicable to the Corporation,
as described in the definition of Moody&#8217;s Discount Factor herein.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253800"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(b)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Term/Mandatory Redemption</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.</font></h2>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(A)&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Term Redemption. </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">The Corporation shall redeem, out of
funds legally available therefor and otherwise in accordance with Applicable
Law, all Outstanding VMTP Preferred Shares on the Term Redemption Date at the
Redemption Price; </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, the Corporation shall have
the right, exercisable at any time no earlier than 9 months prior to the Term
Redemption Date, to request that the Total Holders extend the term of the Term
Redemption Date for an additional period as may be agreed upon by the
Corporation and the Total Holders, which request may be conditioned upon terms
and conditions that are different from the terms and conditions herein. Each
Holder shall, no later than the deadline specified in such request, which shall
not be less than thirty (30) days after such Holder&#8217;s receipt of such request
unless otherwise agreed to by such Holder, notify the Corporation of its
acceptance or rejection of such request, which acceptance by any such Holder
may be a Conditional Acceptance conditioned upon terms and conditions which are
different from the terms and conditions herein or the terms and conditions
proposed by the Corporation in making an extension request. If any Holder fails
</font></h3>
<a name="_bclFooter38"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">34</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_39"></a><a name="_bclPageBorder39"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">to notify the Corporation of its acceptance or
rejection of the Corporation&#8217;s request for extension by the deadline specified
in such request, the Corporation may either deem such failure to respond as a
rejection of such request or extend the deadline for such request with respect
to such Holder, provided, however, in all cases any acceptance by a Holder of a
request to extend, if any, shall be made pursuant to an affirmative written
acceptance by the Total Holders. If the Total Holders (or any thereof) provide
a Conditional Acceptance, then the Corporation shall, no later than the
deadline specified in the Conditional Acceptance, which shall not be less than thirty
(30) days after the Corporation&#8217;s receipt of the Conditional Acceptance unless
otherwise agreed to by the Corporation, notify the Total Holders of its
acceptance or rejection of the terms and conditions specified in the
Conditional Acceptance. If the Corporation fails to notify the Total Holders by
the deadline specified in the Conditional Acceptance, the Total Holders may
either deem such failure to respond as a rejection of the terms and conditions
specified in the Conditional Acceptance or extend the deadline for such
response by the Corporation, provided, however, in all cases any acceptance by
a Holder of a request to extend, if any, shall be made pursuant to an
affirmative written acceptance by the Total Holders. Each Holder may grant or
deny any request for extension of the Term Redemption Date in its sole and
absolute discretion.</font></h3>

<h5 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(B)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Basic Maintenance Amount,
Minimum Asset Coverage and Effective Leverage Ratio Mandatory Redemption. </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">The Corporation also shall redeem, out of funds
legally available therefor under Applicable Law and otherwise in accordance
with Applicable Law, at the Redemption Price, certain of the VMTP Preferred
Shares, if the Corporation fails to have either Moody&#8217;s Eligible Assets (if
Moody&#8217;s is then rating the VMTP Preferred Shares at the request of the
Corporation) with a Discounted Value, Fitch Eligible Assets (if Fitch is then
rating the VMTP Preferred Shares at the request of the Corporation) with a
Discounted Value, or Other Rating Agency Eligible Assets (if any Other Rating
Agency is then rating the VMTP Preferred Shares at the request of the
Corporation) with a Discounted Value greater than or equal to the Basic
Maintenance Amount, fails to maintain the Minimum Asset Coverage in accordance
with these Articles Supplementary or fails to maintain the Effective Leverage
Ratio in accordance with paragraph (b) of Section 6 of these Articles
Supplementary, and such failure is not cured on or before the applicable Cure
Date. If a redemption pursuant to this Section 10(b)(i)(B) is to occur, the
Corporation shall cause a Notice of Redemption to be sent to Holders in
accordance with Section 10(c) and cause to be deposited Deposit Securities or
other sufficient funds, out of funds legally available therefor under
Applicable Law and otherwise in accordance with Applicable Law, in trust with
the Redemption and Paying Agent or other applicable paying agent, in each case
in accordance with the terms of the VMTP Preferred Shares to be redeemed. The
number of VMTP Preferred Shares to be redeemed shall be equal to the lesser of
(A) the sum of (x) the minimum number of VMTP Preferred Shares, together with
all other Preferred Shares subject to redemption or retirement, the redemption
of which, if deemed to have occurred immediately prior to the opening of
business on the applicable Cure Date, would result in the Corporation&#8217;s having
each of Moody&#8217;s Eligible Assets (if Moody&#8217;s is then rating the VMTP Preferred
Shares at the request of the Corporation) with a Discounted Value, Fitch
Eligible Assets (if Fitch is then rating the VMTP Preferred Shares at the
request of the Corporation) with a Discounted Value and Other Rating Agency
Eligible Assets (if any Other Rating Agency is then rating </font></h5>
<a name="_bclFooter39"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">35</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_40"></a><a name="_bclPageBorder40"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h5 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">the
VMTP Preferred Shares at the request of the Corporation) with a Discounted
Value greater than or equal to the Basic Maintenance Amount, maintaining the
Minimum Asset Coverage or satisfying the Effective Leverage Ratio, as the case
may be, on the applicable Cure Date and (y) the number of additional VMTP
Preferred Shares of the Corporation may elect to simultaneously redeem (</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">,
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, that if there is no such minimum number of VMTP Preferred
Shares and other Preferred Shares the redemption or retirement of which would
have such result, all VMTP Preferred Shares and Preferred Shares then
outstanding shall be redeemed), and (B) the maximum number of VMTP Preferred
Shares, together with all other Preferred Shares subject to redemption or
retirement, that can be redeemed out of funds legally available therefor under
Applicable Law and otherwise in accordance with the Charter and Applicable Law.
In determining the VMTP Preferred Shares required to be redeemed in accordance
with the foregoing, the Corporation shall allocate the number required to be
redeemed to satisfy the Basic Maintenance Amount, the Minimum Asset Coverage or
the Effective Leverage Ratio, as the case may be, </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">pro rata, </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">by lot or
other fair method as determined by the Corporation&#8217;s Board of Directors, among
VMTP Preferred Shares and other Preferred Shares (and, then, </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">pro rata, </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">by
lot or other fair method as determined by the Corporation&#8217;s Board of Directors,
among each Series of VMTP Preferred Shares) subject to redemption or
retirement. The Corporation shall effect such redemption on the date fixed by
the Corporation therefor, which date shall not be earlier than ten (10) Business
Days nor later than sixty (60) days after the applicable Cure Date, except that
if the Corporation does not have funds legally available under Applicable Law
for the redemption of all of the required number of VMTP Preferred Shares and
other Preferred Shares which are subject to redemption or retirement or the
Corporation otherwise is unable as a result of Applicable Law to effect such
redemption on or prior to sixty (60) days after the applicable Cure Date, the
Corporation shall redeem those VMTP Preferred Shares and other Preferred Shares
which it was unable to redeem on the earliest practicable date on which it is
able to effect such redemption. If fewer than all of the Outstanding VMTP
Preferred Shares are to be redeemed pursuant to this paragraph (b), the number
of VMTP Preferred Shares to be redeemed shall be redeemed pro rata, by lot or
other fair method as determined by the Corporation&#8217;s Board of Directors from
the Holders of the VMTP Preferred Shares in proportion to the number of VMTP
Preferred Shares held by such Holders.</font></h5>

<h3 style="margin-bottom:12.0pt;margin-left:99.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-63.0pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(ii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(A)&#160;&#160;&#160;&#160;&#160;&#160; On or prior to the Liquidity Account Initial Date with respect
to any Series of VMTP Preferred Shares, the Corporation shall cause the
Custodian to segregate, by means of appropriate identification on its books and
records or otherwise in accordance with the Custodian&#8217;s normal procedures, from
the other assets of the Corporation (a &#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">Liquidity Account</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;)</font><b><font face="Times New Roman" style="font-size:12.0pt;"> </font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Liquidity
Account Investments with a Market Value equal to at least 110% of the Term
Redemption Amount with respect to such Series. The &#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">Term Redemption Amount</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;</font><b><font face="Times New Roman" style="font-size:12.0pt;">
</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">for any Series of VMTP Preferred Shares shall be equal to the Redemption
Price to be paid on the Term Redemption Date for such Series, based on the
number of shares of such Series then Outstanding, assuming for this purpose
that the Applicable Rate for such Series in effect at the time of the creation
of the Liquidity Account for such Series will be the Daily SOFR as in effect at
such time of creation until the Term Redemption Date for such Series. If, on
any date after the Liquidity Account Initial Date, the aggregate </font></h3>
<a name="_bclFooter40"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">36</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_41"></a><a name="_bclPageBorder41"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:99.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-63.0pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Market Value of the Liquidity Account Investments
included in the Liquidity Account for a Series of VMTP Preferred Shares as of
the close of business on any Business Day is less than 110% of the Term
Redemption Amount with respect to such Series, then the Corporation shall cause
the Custodian and the Investment Adviser to segregate additional or substitute
assets of the Corporation as Liquidity Account Investments, so that the
aggregate Market Value of the Liquidity Account Investments included in the
Liquidity Account for such Series is at least equal to 110% of the Term
Redemption Amount with respect to such Series not later than the close of
business on the next succeeding Business Day. With respect to assets of the
Corporation segregated as Liquidity Account Investments, the Investment
Adviser, on behalf of the Corporation, shall be entitled to instruct the
Custodian on any date to release any Liquidity Account Investments from such
segregation and to substitute therefor other Liquidity Account Investments, so
long as (x) the assets of the Corporation segregated as Liquidity Account
Investments at the close of business on such date have a Market Value equal to
at least 110% of the Term Redemption Amount with respect to such Series and (y)
the assets of the Corporation designated and segregated as Deposit Securities
at the close of business on such date have a Market Value equal to at least the
Liquidity Requirement (if any) determined in accordance with paragraph (B)
below with respect to such Series for such date. The Corporation shall cause
the Custodian not to permit any lien, security interest or encumbrance to be
created or permitted to exist on or in respect of any Liquidity Account
Investments included in the Liquidity Account for any Series of VMTP Preferred
Shares, other than liens, security interests or encumbrances arising by
operation of law and any lien of the Custodian with respect to the payment of
its fees or repayment for its advances. Notwithstanding anything expressed or
implied herein to the contrary, the assets of the Liquidity Account shall
continue to be assets of the Corporation subject to the interests of all
creditors and stockholders of the Corporation.</font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:99.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(B)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="position:relative;top:-.5pt;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">The
Market Value of the Deposit Securities held in the Liquidity Account for a
Series of </font></font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">VMTP Preferred Shares, from and
after the fifteenth (15th) day of the calendar month (or if such day is not a
Business Day, the next succeeding Business Day) that is the number of months
preceding the month of the Term Redemption Date for such Series specified in
the table set forth below, shall not be less than the percentage of the Term
Redemption Amount for such Series set forth below opposite such number of
months (the &#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">Liquidity Requirement</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;),</font><b><font face="Times New Roman" style="font-size:12.0pt;"> </font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">but in all cases subject to
the cure provisions of paragraph (C) below:</font></h4>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:1.5in;width:372.399994pt;">
 <tr>
  <td valign=top width=41% style="padding:0in 0in 0in 0in;">
  <div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
  <p align=center style="border:none;margin:0in;padding:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">Number of Months<br>
  Preceding</font></p>
  </div>
  </td>
 <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
  <p align=center style="border:none;margin:0in;padding:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">Value of Deposit Securities<br>
  as Percentage of Term Redemption Amount</font></p>
  </div>
  </td>
 </tr>
<tr>
  <td valign=top width=41% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">5</font></p>
  </td>
 <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">20%</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=41% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">4</font></p>
  </td>
 <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">40%</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=41% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">3</font></p>
  </td>
 <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">60%</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=41% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">2</font></p>
  </td>
 <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">80%</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=41% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">1</font></p>
  </td>
 <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">100%</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td valign=top width=41% style="height:6.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=59% style="height:6.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>


<a name="_bclFooter41"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">37</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_42"></a><a name="_bclPageBorder42"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:99.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(C)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">If the aggregate Market Value of
the Deposit Securities included in the Liquidity Account for a Series of VMTP
Preferred Shares as of the close of business on any Business Day is less than
the Liquidity Requirement in respect of such Series for such Business Day, then
the Corporation shall cause the segregation of additional or substitute Deposit
Securities in respect of the Liquidity Account for such Series, so that the
aggregate Market Value of the Deposit Securities included in the Liquidity
Account for such Series is at least equal to the Liquidity Requirement for such
Series not later than the close of business on the next succeeding Business
Day. With respect to Deposit Securities included in the Liquidity Account, the
Investment Adviser, on behalf of the Corporation, shall be entitled to instruct
the Custodian on any date to release any Deposit Securities from the Liquidity
Account and to substitute therefor other Deposit Securities, so long as the
aggregate Market Value of the Deposit Securities included in the Liquidity
Account for such Series is at least equal to the Liquidity Requirement for such
Series not later than the close of business on the next succeeding Business
Day.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:99.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(D)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">The Deposit Securities included in
the Liquidity Account for a Series of VMTP Preferred Shares may be liquidated
by the Corporation, in its discretion, and the proceeds applied towards payment
of the Term Redemption Amount for such Series. Upon the deposit by the
Corporation on the Term Redemption Date with the Redemption and Paying Agent of
the proceeds from the liquidation of the Deposit Securities having an initial
combined Market Value sufficient to effect the redemption of the VMTP Preferred
Shares of a Series on the Term Redemption Date for such Series, the requirement
of the Corporation to maintain a Liquidity Account for such Series as
contemplated by this Section 10(b)(ii) shall lapse and be of no further force
and effect.</font></h4>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253801"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(c)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Notice of Redemption</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. If the Corporation shall determine or be required to
redeem, in whole or in part, VMTP Preferred Shares pursuant to paragraph (a) or
(b)(i) of this Section 10, the Corporation will send a notice of redemption
(the &#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">Notice of Redemption</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;), by Electronic Means (or by first class
mail, postage prepaid, in the case where the VMTP Preferred Shares are in
physical form) to Holders thereof, or request the Redemption and Paying Agent,
on behalf of the Corporation to promptly do so by Electronic Means (or by first
class mail, postage prepaid, in the case where the VMTP Preferred Shares are in
physical form) so long as the Notice of Redemption is furnished by the
Corporation to the Redemption and Paying Agent in electronic format at least
five (5) Business Days prior to the date a Notice of Redemption is required to
be delivered to the Holders, unless a shorter period of time shall be
acceptable to the Redemption and Paying Agent. A Notice of Redemption shall be
sent to Holders not less than ten (10) days prior to the date fixed for
redemption in such Notice of Redemption (the &#8220;</font><b><font face="Times New Roman" style="font-size:12.0pt;">Redemption Date</font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;).</font><b><font face="Times New Roman" style="font-size:12.0pt;"> </font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Each
</font></h2>
<a name="_bclFooter42"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">38</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_43"></a><a name="_bclPageBorder43"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">such Notice of Redemption shall state: (i) the
Redemption Date; (ii) the number of VMTP Preferred Shares to be redeemed and
the Series thereof; (iii) the CUSIP number for VMTP Preferred Shares of such
Series; (iv) the Redemption Price; (v) the place or places where the
certificate(s), if any, for such shares (properly endorsed or assigned for
transfer, if the Board of Directors requires and the Notice of Redemption
states) are to be surrendered for payment of the Redemption Price; (vi) that
dividends on the VMTP Preferred Shares to be redeemed will cease to accumulate
from and after such Redemption Date; and (vii) the provisions of these Articles
Supplementary under which such redemption is made. If fewer than all VMTP
Preferred Shares held by any Holder are to be redeemed, the Notice of
Redemption delivered to such Holder shall also specify the number of VMTP
Preferred Shares to be redeemed from such Holder. The Corporation may provide
in any Notice of Redemption relating to (i) an optional redemption contemplated
to be effected pursuant to Section 10(a) of these Articles Supplementary or
(ii) any redemption of VMTP Preferred Shares not required to be redeemed
pursuant to Section 10(b)(i) of these Articles Supplementary in accordance with
the terms therein that such redemption is subject to one or more conditions
precedent not otherwise expressly stated herein and that the Corporation shall
not be required to effect such redemption unless each such condition has been
satisfied at the time or times and in the manner specified in such Notice of
Redemption. No defect in the Notice of Redemption or delivery thereof shall
affect the validity of redemption proceedings, except as required by Applicable
Law.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253802"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(d)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">No Redemption Under Certain
Circumstances</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Notwithstanding
the provisions of paragraphs (a) or (b) of this Section 10, if any dividends on
VMTP Preferred Shares of a Series (whether or not earned or declared) are in
arrears, no VMTP Preferred Shares of such Series shall be redeemed unless all Outstanding
VMTP Preferred Shares of such Series are simultaneously redeemed, and the
Corporation shall not otherwise purchase or acquire any VMTP Preferred Shares
of such Series; </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, that the foregoing shall not
prevent the purchase or acquisition of Outstanding VMTP Preferred Shares of
such Series pursuant to the successful completion of an otherwise lawful
purchase or exchange offer made on the same terms to Holders of all Outstanding
VMTP Preferred Shares of such Series.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253803"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(e)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Absence of Funds Available for
Redemption</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. To the extent that
any redemption for which Notice of Redemption has been provided is not made by
reason of the absence of legally available funds therefor in accordance with
the Charter and Applicable Law, such redemption shall be made as soon as practicable
to the extent such funds become available. Failure to redeem VMTP Preferred
Shares shall be deemed to exist at any time after the date specified for
redemption in a Notice of Redemption when the Corporation shall have failed,
for any reason whatsoever, to deposit in trust with the Redemption and Paying
Agent the Redemption Price with respect to any shares for which such Notice of
Redemption has been sent; </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">, that the foregoing
shall not apply in the case of the Corporation&#8217;s failure to deposit in trust
with the Redemption and Paying Agent the Redemption Price with respect to any
shares where (1) the Notice of Redemption relating to such redemption, </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">,
that such redemption was subject to one or more conditions precedent and (2) any
such condition precedent shall not have been satisfied at the time or times and
in the manner specified in such Notice of Redemption. Notwithstanding the fact
that the Corporation may not have redeemed VMTP Preferred Shares for which a
Notice of Redemption has been provided, dividends may be declared and paid on
VMTP Preferred Shares and shall include those VMTP Preferred Shares for which a
Notice of Redemption has been provided.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253804"></a></h2>
<a name="_bclFooter43"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">39</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_44"></a><a name="_bclPageBorder44"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(f)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Redemption and Paying Agent as
Trustee of Redemption Payments by Corporation</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. All moneys paid to the Redemption and Paying Agent for payment of the
Redemption Price of VMTP Preferred Shares called for redemption shall be held
in trust by the Redemption and Paying Agent for the benefit of Holders of
shares so to be redeemed. The Corporation&#8217;s obligation to pay the Redemption
Price of VMTP Preferred Shares called for redemption in accordance with these
Articles Supplementary shall be satisfied upon payment of such Redemption Price
by the Redemption and Paying Agent to the Securities Depository on the relevant
Redemption Date.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253805"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(g)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Shares for Which Notice of
Redemption Has Been Given Are No Longer Outstanding</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Provided a Notice of Redemption has been provided
pursuant to paragraph (c) of this Section 10, the Corporation shall irrevocably
(except to the extent set forth below in this paragraph (g)) deposit with the
Redemption and Paying Agent, no later than 12:00 noon, New York City time, on a
Business Day not less than ten (10) Business Days preceding the Redemption Date
specified in such notice, Deposit Securities in an aggregate amount equal to
the Redemption Price to be paid on the Redemption Date in respect of any VMTP
Preferred Shares that are subject to such Notice of Redemption. Provided a
Notice of Redemption has been provided pursuant to paragraph (c) of this
Section 10, upon the deposit with the Redemption and Paying Agent of Deposit
Securities in an amount sufficient to redeem the VMTP Preferred Shares that are
the subject of such notice, dividends on such VMTP Preferred Shares shall cease
to accumulate as of the Redemption Date and such VMTP Preferred Shares shall no
longer be deemed to be Outstanding for any purpose, and all rights of the
Holders of the VMTP Preferred Shares so called for redemption shall cease and
terminate, except the right of such Holders to receive the Redemption Price,
but without any interest or other additional amount, except as provided in
paragraph (e)(i) of Section 2 and in Section 3 of these Articles Supplementary.
Upon surrender in accordance with the Notice of Redemption of the certificates
for any VMTP Preferred Shares so redeemed (properly endorsed or assigned for transfer,
if the Board of Directors shall so require and the Notice of Redemption shall
so state), the Redemption Price shall be paid by the Redemption and Paying
Agent to the Holders of VMTP Preferred Shares subject to redemption. In the
case that fewer than all of the shares represented by any such certificate are
redeemed, a new certificate shall be issued, representing the unredeemed
shares, without cost to the Holder thereof. The Corporation shall be entitled
to receive from the Redemption and Paying Agent, promptly after the date fixed
for redemption, any cash or other Deposit Securities deposited with the
Redemption and Paying Agent in excess of(i) the aggregate Redemption Price of
the VMTP Preferred Shares called for redemption on such date and (ii) all other
amounts to which Holders of VMTP Preferred Shares called for redemption may be
entitled pursuant to these Articles Supplementary. Any funds so deposited that
are unclaimed at the end of 90 days from such Redemption Date shall, to the
extent permitted by law, be repaid to the Corporation, after which time the
Holders of VMTP Preferred Shares so called for redemption may look only to the
Corporation for payment of the Redemption Price and all other amounts to which
they may be entitled pursuant to these Articles Supplementary. The Corporation
shall be entitled to receive, from time to time after the date fixed for
redemption, any interest on the funds so deposited.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253806"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(h)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Compliance With Applicable Law</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. In effecting any redemption pursuant to this Section
10, the Corporation shall use its best efforts to comply with all applicable
conditions precedent to effecting such redemption under any Applicable Law, and
shall effect no redemption except in accordance with Applicable Law.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253807"></a></h2>
<a name="_bclFooter44"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">40</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_45"></a><a name="_bclPageBorder45"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Only Whole VMTP Preferred
Shares May Be Redeemed</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. In the case
of any redemption pursuant to this Section 10, only whole VMTP Preferred Shares
shall be redeemed.</font></h2>

<h2 style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253808"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(j)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Modification of Redemption
Procedures</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Notwithstanding the
foregoing provisions of this Section 10, the Corporation may, in its sole
discretion, modify the procedures set forth above with respect to notification
of redemption for the VMTP Preferred Shares, provided that such modification does
not materially and adversely affect the Holders of the VMTP Preferred Shares or
cause the Corporation to violate any law, rule or regulation, or shall in any
way alter the obligations of the Redemption and Paying Agent without the
Redemption and Paying Agent&#8217;s prior written consent. Furthermore, if in the
sole discretion of the Board of Directors, after consultation with counsel,
modification of the foregoing redemption provisions (x) are permissible under
the rules and regulations or interpretations of the SEC and under other
Applicable Law and (y) would not cause a material risk as to the treatment of
the VMTP Preferred Shares as equity for U.S. federal income tax purposes, the
Board of Directors, without stockholder approval, by resolution may modify such
redemption procedures.</font></h2>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253809"></a><b><font face="Times New Roman" style="font-size:12.0pt;">11.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Liquidation Rights.</font></b></h1>

<h2 style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253810"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(a)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Ranking</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The VMTP Preferred Shares shall rank on a parity
with each other, with shares of any other Series of VMTP Preferred Shares and
with shares of any other series of Preferred Shares as to the distribution of
assets upon dissolution, liquidation or winding up of the affairs of the
Corporation.</font></h2>

<h2 style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253811"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(b)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Distributions Upon Liquidation</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Upon the dissolution, liquidation or winding up of
the affairs of the Corporation, whether voluntary or involuntary, the Holders of
VMTP Preferred Shares then Outstanding shall be entitled to receive and to be
paid out of the assets of the Corporation legally available for distribution to
its stockholders under Applicable Law and otherwise in accordance with
Applicable Law, before any payment or distribution shall be made on the Common
Shares or on any other class of shares of the Corporation ranking junior to the
VMTP Preferred Shares upon dissolution, liquidation or winding up, an amount
equal to the Liquidation Preference with respect to such shares </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">plus </font></i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">an
amount equal to all dividends thereon (whether or not declared) accumulated but
unpaid to (but not including) the date of final distribution in same day funds,
together with any payments required to be made pursuant to Section 3 of these
Articles Supplementary in connection with the liquidation of the Corporation.
After the payment to the Holders of the VMTP Preferred Shares of the full
preferential amounts provided for in this paragraph (b), the Holders of VMTP
Preferred Shares as such shall have no right or claim to any of the remaining
assets of the Corporation.</font></h2>

<h2 style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253812"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(c)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Pro Rata Distributions</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. In the event the assets of the Corporation available
for distribution to the Holders of VMTP Preferred Shares upon any dissolution,
liquidation or winding up of the affairs of the Corporation, whether voluntary
or involuntary, shall be insufficient to pay in full all amounts to which such
Holders are entitled pursuant to paragraph (b) of this Section 11, no such
distribution shall be made on account of any shares of any other class or
series of Preferred Shares ranking on a parity with the VMTP Preferred Shares
with respect to the distribution of assets upon such dissolution, liquidation
or winding up unless proportionate distributive amounts shall be paid on
account of the VMTP Preferred Shares, ratably, in proportion to the full </font></h2>
<a name="_bclFooter45"></a><DIV>


<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">41</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_46"></a><a name="_bclPageBorder46"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">distributable amounts for which holders of all such
parity shares are respectively entitled upon such dissolution, liquidation or
winding up.</font></h2>

<h2 style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253813"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(d)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Rights of Junior Shares</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Subject to the rights of the holders of shares of
any series or class or classes of shares ranking on a parity with the VMTP
Preferred Shares with respect to the distribution of assets upon dissolution,
liquidation or winding up of the affairs of the Corporation, after payment
shall have been made in full to the Holders of the VMTP Preferred Shares as
provided in paragraph (b) of this Section 11, but not prior thereto, any other
series or class or classes of shares ranking junior to the VMTP Preferred Shares
with respect to the distribution of assets upon dissolution, liquidation or
winding up of the affairs of the Corporation shall, subject to the respective
terms and provisions (if any) applying thereto, be entitled to receive any and
all assets remaining to be paid or distributed, and the Holders of the VMTP
Preferred Shares shall not be entitled to share therein.</font></h2>

<h2 style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253814"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(e)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Certain Events Not Constituting
Liquidation</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Neither the sale of
all or substantially all the property or business of the Corporation, nor the
merger, consolidation or reorganization of the Corporation into or with any
business or statutory trust, corporation or other entity nor the merger, consolidation
or reorganization of any business or statutory trust, corporation or other
entity into or with the Corporation shall be a dissolution, liquidation or
winding up, whether voluntary or involuntary, for the purposes of this Section
11.</font></h2>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253815"></a><b><font face="Times New Roman" style="font-size:12.0pt;">12.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Transfers.</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Unless otherwise approved in writing by the
Corporation, a Beneficial Owner or Holder may sell, transfer or otherwise
dispose of VMTP Preferred Shares only in whole shares and only to persons it
reasonably believes are (i) QIBs that are either registered closed-end
management investment companies, the shares of which are traded on a national
securities exchange (&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Closed-End Funds</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;), banks, insurance companies,
companies that are included in the S&amp;P 500 Index (and their direct or
indirect wholly-owned subsidiaries) or registered open-end management investment
companies or (ii) tender option bond trusts in which all Beneficial Owners are
QIBs that are Closed-End Funds, banks, insurance companies, companies that are
included in the S&amp;P 500 Index (and their direct or indirect wholly-owned
subsidiaries) or registered open-end management investment companies, in each
case, pursuant to Rule 144A of the Securities Act or another available
exemption from registration under the Securities Act, in a manner not involving
any public offering within the meaning of Section 4(2) of the Securities Act.
Any transfer in violation of the foregoing restrictions shall be void ab initio
and any transferee of VMTP Preferred Shares transferred in violation of the
foregoing restrictions shall be deemed to agree to hold all payments it
received on any such improperly transferred VMTP Preferred Shares in trust for
the benefit of the transferor of such VMTP Preferred Shares. The foregoing
restrictions on transfer shall not apply to any VMTP Preferred Shares
registered under the Securities Act pursuant to the Registration Rights
Agreement or any subsequent transfer of such VMTP Preferred Shares thereafter.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; If at any time the Corporation is not
furnishing information to the SEC pursuant to Section 13 or 15(d) of the
Exchange Act, in order to preserve the exemption for resales and transfers
under Rule 144A of the Securities Act, the Corporation shall furnish, or cause
to be </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">furnished, to Holders of VMTP Preferred Shares
and prospective purchasers of VMTP Preferred Shares, upon request, information
with respect to the Corporation satisfying the requirements of subsection
(d)(4) of Rule 144A of the Securities Act.</font></p>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">42</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253816"></a><b><font face="Times New Roman" style="font-size:12.0pt;">13.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Miscellaneous.</font></b></h1>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253817"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(a)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">No Fractional Shares</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. No fractional VMTP Preferred Shares shall be issued.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253818"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(b)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Status of VMTP Preferred Shares
Redeemed, Exchanged or Otherwise Acquired by the Corporation</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. VMTP Preferred Shares which are redeemed, exchanged
or otherwise acquired by the Corporation shall return to the status of
authorized and unissued Preferred Shares without designation as to series. Any
VMTP Preferred Shares which are provisionally delivered by the Corporation to
or for the account of an agent of the Corporation or to or for the account of a
purchaser of the VMTP Preferred Shares, but for which final payment is not
received by the Corporation as agreed, shall return to the status of authorized
and unissued VMTP Preferred Shares.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253819"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(c)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Treatment of VMTP Preferred
Shares as Equity</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation
shall, and each Holder and Beneficial Owner, by virtue of acquiring VMTP
Preferred Shares, is deemed to have agreed to, treat the VMTP Preferred Shares
as equity in the Corporation for U.S. federal, state, local income and other
tax purposes.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253820"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(d)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Board May Resolve Ambiguities</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Subject to Section 5 of these Articles Supplementary
and to the extent permitted by Applicable Law, the Board of Directors may
interpret and give effect to the provisions of these Articles Supplementary in
good faith so as to resolve any inconsistency or ambiguity or to remedy any
formal defect. Notwithstanding anything expressed or implied to the contrary in
these Articles Supplementary, but subject to Section 5, the Board of Directors
may amend these Articles Supplementary with respect to any Series of VMTP
Preferred Shares prior to the issuance of VMTP Preferred Shares of such Series.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253821"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(e)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Headings Not Determinative</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The headings contained in these Articles
Supplementary are for convenience of reference only and shall not affect the
meaning or interpretation of these Articles Supplementary.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253822"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(f)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Notices</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. All notices or communications, unless otherwise
specified in the By-laws of the Corporation or these Articles Supplementary,
shall be sufficiently given if in writing and delivered in person, by
Electronic Means or mailed by first-class mail, postage prepaid.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253823"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(g)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Redemption and Paying Agent</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall use its commercially
reasonable best efforts to engage at all times a Redemption and Paying Agent to
perform the duties specified in these Articles Supplementary.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253824"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(h)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Securities Depository</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall maintain settlement of VMTP
Preferred Shares in global book entry form through the Securities Depository.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253825"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Voluntary Bankruptcy</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall not file a voluntary
application for relief under federal bankruptcy law or any similar application
under state law for so long as the Corporation is solvent and does not
reasonably foresee becoming insolvent.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253826"></a></h2>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">43</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_48"></a><a name="_bclPageBorder48"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(j)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Applicable Law Restrictions and
Requirements</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Notwithstanding
anything expressed or implied to the contrary in these Articles Supplementary,
all dividends, redemptions and other payments by the Corporation on or in
respect of the VMTP Preferred Shares shall be paid only out of funds legally
available therefor under Applicable Law and otherwise in accordance with
Applicable Law.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253827"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(k)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Information</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Without limitation of other provisions of these
Articles Supplementary, the Corporation shall deliver, or cause to be delivered
by the Redemption and Paying Agent, to each Holder:</font></h2>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(i)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">as promptly as practicable after the preparation and filing thereof with
the Securities and Exchange Commission, each annual and semi-annual report
prepared with respect to the Corporation, which delivery may be made by means
of the electronic availability of any such document on a public website;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(ii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice of any change (including being put on Credit Watch or Watchlist),
suspension or termination in or of the ratings on the VMTP Preferred Shares by
any NRSRO then rating the VMTP Preferred Shares at the request of the
Corporation as promptly as practicable upon the occurrence thereof, to the
extent such information is publicly available;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(iii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice of any failure to pay in full when due any dividend required to
be paid by Section 2 of these Articles Supplementary that remains uncured for
more than three Business Days as soon as reasonably practicable, but in no
event later than one Business Day after expiration of the grace period;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(iv)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice of insufficient deposit to provide for a properly noticed
redemption or liquidation as soon as reasonably practicable, but in no event,
later than two Business Days after discovery of insufficient deposits, to the
extent such information is publicly available;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(v)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice of any failure to comply with (A) a provision of the Rating
Agency Guidelines when failure continues for more than five consecutive
Business Days or (B) the Minimum Asset Coverage that continues for more than
five consecutive Business Days as soon as reasonably practicable after
discovery of such failure, but in no event, later than one Business Day after
the later of (x) the expiration of the grace period or (y) the earlier of (1)
the discovery of such failure and (2) information confirming such failure
becomes publicly available;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(vi)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice of any change to any investment adviser or sub-adviser of the
Corporation within two Business Days after a resignation or a notice of removal
has been received from or sent to any investment adviser or sub-adviser;
provided, however, that this clause shall not apply to personnel changes of the
investment adviser or sub-adviser, to the extent such information is publicly
available;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(vii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice of any proxy solicitation as soon as reasonably practicable, but
in no event, later than five Business Days after mailing thereof by the
Corporation&#8217;s proxy agent;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;">&nbsp;</h3>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">44</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_49"></a><a name="_bclPageBorder49"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(viii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice one Business Day after the occurrence thereof of (A) the failure
of the Corporation to pay the amount due on any senior securities or other debt
at the time outstanding, and any period of grace or cure with respect thereto
shall have expired; (B) the failure of the Corporation to pay, or admitting in
writing its inability to pay, its debts generally as they become due; or (C)
the failure of the Corporation to pay accumulated dividends on any additional
preferred stock ranking </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">pari</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;"> </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">passu</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;"> with the VMTP Preferred
Shares, and any period of grace or cure with respect thereto shall have
expired, in each case, to the extent such information is publicly available;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(ix)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice of the occurrence of any Increased Rate Event and any subsequent
cure thereof as soon as reasonably practicable, but in no event, later than
five days after knowledge of senior management of the Corporation thereof;
provided that the Corporation shall not be required to disclose the reason for
such Increased Rate Event unless such information is otherwise publicly
available;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(x)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice of any action, suit, proceeding or investigation formally
commenced or threatened in writing against the Corporation or the Investment
Adviser in any court or before any governmental authority concerning these
Articles Supplementary, the Charter, the VMTP Preferred Shares or any Related
Document, as promptly as practicable, but in no event, later than ten (10) Business
Days after knowledge of senior management of the Corporation thereof, in each
case, to the extent such information is publicly available;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(xi)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">notice on each Friday, provided that if a Friday is not a Business Day,
notice shall be given on the next succeeding Business Day, of the Corporation&#8217;s
then current Effective Leverage Ratio, Minimum Asset Coverage and balances in
the Term Redemption Liquidity Account as of the close of business on the
immediately preceding Business Day which delivery may be made by means of
posting on a publicly available section of the Corporation&#8217;s website;</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(xii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">a report of portfolio holdings of the Corporation as of the end of each
month fifteen (15) days after the end of each month; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(xiii)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">when available, publicly available financial statements of the
Corporation&#8217;s most recent fiscal year-end and the auditors&#8217; report with respect
thereto, which shall present fairly, in all material respects, the financial
position of the Corporation at such date and for such period, in conformity
with accounting principles generally accepted in the United States of America.</font></h3>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The Corporation shall require the Investment Adviser to
inform the Corporation as soon as reasonably practicable after the Investment
Adviser&#8217;s knowledge or discovery of the occurrence of any of the items set
forth in Sections 13(i)(ix) and 13(i)(x) of these Articles Supplementary.</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253828"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(l)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Tax Status of the Corporation</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation will use its best efforts to qualify
as a Regulated Investment Company within the meaning of Section 851(a) of the
Code and to qualify the dividends made with respect to the VMTP Preferred
Shares as tax-exempt dividends to the extent designated by the Corporation.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253829"></a></h2>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">45</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_50"></a><a name="_bclPageBorder50"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(m)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Maintenance of Existence</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. At any time the VMTP Preferred Shares are
outstanding, the Corporation shall use its best efforts to maintain its
existence as a corporation under the laws of State of Maryland, with requisite
power to issue the VMTP Preferred Shares and to perform its obligations under
these Articles Supplementary and each other Related Document to which it is a
party.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253830"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(n)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Use of Proceeds</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall use the gross proceeds from
the sale of VMTP Preferred Shares to the Purchaser pursuant to the Purchase
Agreement to redeem the Corporation&#8217;s Series W-7 (Retired) Variable Rate Muni
Term Preferred Shares as set forth in this Section 13(n). The Corporation shall
give a notice of redemption of the fund&#8217;s outstanding Series W-7 (Retired)
Variable Rate Muni Term Preferred Shares for redemption of the outstanding
Series W-7 (Retired) Variable Rate Muni Term Preferred Shares at the earliest
practicable date pursuant to the governing documents of the Corporation&#8217;s
outstanding Series W-7 (Retired) Variable Rate Muni Term Preferred Shares</font><b><font face="Times New Roman" style="font-size:12.0pt;"> </font></b><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">,
which date is not to be greater than sixty (60) days from the Closing Date. If
the foregoing requirements of the prior sentence are not complied with the
Corporation shall redeem, out of funds legally available therefor under
Applicable Law and otherwise in accordance with Applicable Law, the VMTP Preferred
Shares as promptly as possible.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253831"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(o)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Compliance with Law</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. At any time the VMTP Preferred Shares are
outstanding, the Corporation shall use commercially reasonable best efforts to
comply with all laws, ordinances, orders, rules and regulations that are
applicable to it if the failure to comply should reasonably be expected to have
a material adverse effect on the Corporation&#8217;s ability to comply with its
obligations under these Articles Supplementary, any of the VMTP Preferred
Shares, and the other Related Documents to which it is a party.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253832"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(p)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Maintenance of Approvals;
Filings, Etc</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. At any time the
VMTP Preferred Shares are outstanding, the Corporation shall at all times use
commercially reasonable best efforts to maintain in effect, renew and comply
with all the terms and conditions of all consents, filings, licenses, approvals
and authorizations as are required under any Applicable Law for its performance
of its obligations under these Articles Supplementary and the other Related
Documents to which it is a party, except those as to which the failure to do so
should not reasonably be expected to have a material adverse effect on the
Corporation&#8217;s ability to comply with its obligations under these Articles
Supplementary, the VMTP Preferred Shares, and the other Related Documents to
which it is a party.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253833"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(q)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">1940 Act Registration</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. At any time the VMTP Preferred Shares are
outstanding, the Corporation shall use best efforts to maintain its
registration as a closed-end management investment company under the 1940 Act.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253834"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(r)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Compliance with Eligible Assets
Definition</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. At any time the VMTP
Preferred Shares are outstanding, the Corporation shall maintain policies and
procedures that it believes are reasonably designed to ensure compliance with
Section 6(c) of these Articles Supplementary.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253835"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(s)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Access to Information Relating
to Compliance with Eligible Assets Definition</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall, upon request, provide a
Beneficial Owner and such of its internal and external auditors and inspectors
as a Beneficial Owner may from time to time designate, with reasonable access
to publicly available information and records of the Corporation relevant to
the </font></h2>
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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">46</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_51"></a><a name="_bclPageBorder51"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Corporation&#8217;s compliance with Section 6(c) of
these Articles Supplementary, but only for the purposes of internal and
external audit.</font></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253836"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(t)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Purchase by Affiliates</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The Corporation shall not, nor shall it permit, or
cause to be permitted, the Investment Adviser, or any account or entity over
which the Corporation or the Investment Adviser exercises discretionary
authority or control or any of their respective affiliates (other than by the
Corporation, in the case of a redemption permitted by these Articles
Supplementary, the VMTP Preferred Shares which are subject to such redemption,
are to be cancelled by the Corporation upon such redemption), to purchase in
the aggregate more than 25% of the Outstanding VMTP Preferred Shares without
the prior written consent of a Majority of the Holders of the VMTP Preferred
Shares Outstanding, and any such purchases shall be void </font><i><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">ab initio.</font></i></h2>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><a name="_Toc152253837"></a><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(u)</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Audits</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. The audits of the Corporation&#8217;s financial statements
shall be conducted in accordance with the standards of the Public Company
Accounting Oversight Board (United States).</font></h2>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><a name="_Toc152253838"></a><b><font face="Times New Roman" style="font-size:12.0pt;">14.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:12.0pt;">Global Certificate.</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Prior to the commencement of a Voting Period, (i) all of
the VMTP Preferred Shares Outstanding from time to time shall be represented by
one or more global certificates registered in the name of the Securities
Depository or its nominee and countersigned by the Redemption and Paying Agent
and (ii) no registration of transfer of VMTP Preferred Shares shall be made on
the books of the Corporation to any Person other than the Securities Depository
or its nominee.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The foregoing restriction on registration of transfer
shall be conspicuously noted on the face or back of the certificates of VMTP
Preferred Shares in such a manner as to comply with the requirements of Section
2-211 of the Maryland General Corporation Law and Section 8-204 of the Uniform
Commercial Code as in effect in the State of Maryland, or any successor
provisions.</font></p>









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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">47</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_52"></a><a name="_bclPageBorder52"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">IN WITNESS WHEREOF, </font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">BlackRock
MuniVest Fund, Inc. has caused these Articles Supplementary to be signed as of December
20, 2023, in its name and on its behalf by the person named below who
acknowledges that these Articles Supplementary are the act of the Corporation
and, to the best of such person&#8217;s knowledge, information and belief and under
penalties for perjury, all matters and facts contained in these Articles
Supplementary are true in all material respects.</font></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">BLACKROCK MUNIVEST FUND, INC.</font></b></p>

<p style="margin-bottom:0in;margin-left:3.5in;margin-right:0in;margin-top:24.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">By:&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">/s/ Jonathan Diorio <br>
</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; Name:&#160; Jonathan Diorio<br>
&#160;&#160;&#160;&#160;&#160;&#160; Title:&#160;&#160;&#160; Vice President</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ATTEST:<br>
<br>
</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">/s/Janey Ahn&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"><br>
Name:&#160; &#160; Janey Ahn<br>
Title:&#160;&#160;&#160; &#160; Secretary</font></p>









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<p align=center style="margin:0in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">48</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_53"></a><a name="_bclPageBorder53"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=right style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Appendix
A</font></b></p>

<p align=center style="margin-bottom:12.0pt;margin-left:32.9pt;margin-right:33.9pt;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ELIGIBLE</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">ASSETS</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:5.0pt;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">On</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Date</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Original</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Issue</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">at all</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">times</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">thereafter</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">that</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">VMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Preferred</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Shares</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">are </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">Outstanding:</font></p>

<p style="margin-bottom:12.0pt;margin-left:41.05pt;margin-right:6.5pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;Eligible</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Assets&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">are</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">defined</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">consist</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">only</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.95pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">assets</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">that</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">conform</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">following requirements as of the time of
investment:</font></p>

<p style="margin-bottom:12.0pt;margin-left:77.05pt;margin-right:6.8pt;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;">A.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.3pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Debt</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">obligations.&#160;&#160;&#160;&#160; The</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">following</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">debt</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">obligations</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">which</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">are</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">not</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">payment default at the time of investment:</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:5.8pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">i.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;Municipal securities,&#8221; defined as obligations of a State, the
District of Columbia, a U.S. territory, or a political subdivision</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">thereof</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and including general obligations, limited obligation bonds, revenue
bonds, and obligations that satisfy the requirements of section 142(b)(1) of
the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Internal Revenue Code of 1986
issued by or on behalf of any State, the District of Columbia, any U.S.
territory or any political subdivision thereof, including any municipal
corporate instrumentality of 1 or more States, or any public agency or
authority of any State, the District of Columbia, any U.S. territory or any
political subdivision thereof.</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The
purchase of any municipal security will be based upon the Investment Adviser&#8217;s
assessment of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">an asset&#8217;s relative
value in terms of current yield, price, credit quality, and future</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">prospects;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Investment Adviser will monitor the
creditworthiness of the Corporation&#8217;s portfolio investments and analyze
economic, political and demographic trends affecting the markets for such
assets.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">ii.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Debt</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">obligations</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">United</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">States.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">iii.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Debt obligations issued, insured, or guaranteed by a department
or an agency of the U.S. Government, if the obligation, insurance, or guarantee
commits the full faith and credit of the United States for the repayment of the
obligation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:6.0pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">iv.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Debt obligations of the Washington Metropolitan Area Transit
Authority guaranteed by the Secretary of Transportation under Section 9 of the
National Capital Transportation Act of 1969.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">v.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Debt</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">obligations</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Federal</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Home</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Loan</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">Banks.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:6.05pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">vi.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Debt obligations, participations or other instruments of or
issued by the Federal National Mortgage Association or the Government National
Mortgage Association.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:6.05pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">vii.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Debt obligations which are or ever have been sold by the Federal
Home Loan</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Mortgage</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Corporation</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">pursuant to sections</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">305
or 306</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Federal Home Loan Mortgage
Corporation Act.</font></p>
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<p align=center style="margin:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">A-</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_54"></a><a name="_bclPageBorder54"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:6.15pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">viii.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Debt obligations of any agency named in 12 U.S.C. &#167; 24(Seventh)
as eligible to issue obligations that a national bank may underwrite, deal in,
purchase and sell for the bank&#8217;s own account, including qualified</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Canadian government obligations.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:5.8pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">ix.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Debt obligations of issuers other than those specified in (i)
through (viii) above that are rated in one of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the three highest rating categories by two or more NRSROs, or by one
NRSRO if the security has been rated by only one NRSRO, and which have been
determined by the Corporation, based on the Corporation&#8217;s internal credit due
diligence, to be securities where the issuer has adequate capacity to meet
financial commitments under the security for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the projected life of the security such that the lack of default on the
security</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">that the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">risk of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">default on</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">security is low,
and the full</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and timely repayment of
principal and interest is expected, and that are &#8220;marketable&#8221;.</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">For these purposes, an obligation is
&#8220;marketable&#8221; if:</font></p>

<p style="margin-bottom:12.0pt;margin-left:131.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.95pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8226;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">it</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">is</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">registered</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">under</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Securities</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;">Act;</font></p>

<p style="margin-bottom:12.0pt;margin-left:131.05pt;margin-right:6.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8226;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">it is</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">offered</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">sold</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">pursuant to Securities</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Exchange</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Commission Rule 144A; 17 CFR 230.144A; or</font></p>

<p style="margin-bottom:12.0pt;margin-left:131.05pt;margin-right:5.55pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8226;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">it can be sold with reasonable promptness at a price that corresponds reasonably
to its fair value.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:6.25pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">x.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Certificates or other securities evidencing ownership interests
in a municipal bond trust structure (generally referred to as a tender option
bond</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">structure)</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">that invests</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(a)</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">debt obligations</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">types</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">described
in (i) above or (b) depository receipts reflecting ownership interests in
accounts holding debt obligations of the types described in (i) above.</font></p>

<p style="margin-bottom:12.0pt;margin-left:5.0pt;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">An</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">asset</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">not</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">fail</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">to qualify</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">an</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Eligible</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.2pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Asset</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">solely</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">by virtue</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">fact </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:131.05pt;margin-right:5.85pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8226;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">it provides for repayment of principal and interest in any form
including fixed and floating rate, zero interest, capital appreciation,
discount, leases, and payment in kind; or</font></p>

<p style="margin-bottom:12.0pt;margin-left:131.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.95pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8226;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">it</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">is</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">long-term</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">short-term</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">financing</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">purposes.</font></p>

<p style="margin-bottom:12.0pt;margin-left:77.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-35.95pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;">B.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.3pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">Derivatives</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">i.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Interest</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">rate</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">derivatives;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;">or</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:6.4pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">ii.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Swaps, credit default swaps, futures, forwards, structured notes,
options and swaptions related to Eligible Assets or on an index related to
Eligible </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">Assets.</font></p>


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<p align=center style="margin:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">A-</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">2</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4861-4612-3415</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_55"></a><a name="_bclPageBorder55"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:77.05pt;margin-right:6.9pt;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;">C.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.3pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Other Assets</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:5.55pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">i.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(A) Shares of other investment companies registered under Section
8 of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the Investment Company Act of
1940 (open- or closed-end funds and ETFs) the assets of which consist entirely
of Eligible Assets based on the Investment Adviser&#8217;s assessment of the assets
of each such investment company taking into account the investment company&#8217;s
most recent publicly available schedule of investments and publicly disclosed
investment policies.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:6.0pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(B)
Notwithstanding Paragraph C.i.(A) above, the Corporation shall be</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">permitted, subject to Applicable Law, to
invest up to five percent (5%) of the Corporation&#8217;s Managed Assets as of the
time of investment in securities issued by</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">a
money-market fund (each, an &#8220;Eligible Money-Market Fund&#8221;) that is (a)
registered under the Investment Company Act of 1940, and (b) affiliated with
the Investment Adviser; provided that if the Investment Advisor represents that
the Eligible Money-Market Fund meets the requirements of Paragraph C.i.(A)
above, the amount of such Managed Assets invested in any such Eligible
Money-Market Fund meeting the requirements of Paragraph C.i.(A) above shall be
excluded from the foregoing five percent (5%) limitation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:6.0pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">ii.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">Cash.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">iii.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Repurchase</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">agreements</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">on</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">assets</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">described</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">A</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">above.</font></p>

<p style="margin-bottom:12.0pt;margin-left:113.05pt;margin-right:5.8pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;">iv.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Taxable fixed-income securities issued by an issuer described in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:4.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Paragraph</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1(A) (a &#8220;Permitted Issuer&#8221;) that are not in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">default at the time of acquisition, acquired for the purpose of
influencing control over such Permitted Issuer or creditor group of municipal
bonds of such Permitted Issuer (a) the Corporation already owns and (b) which
have deteriorated or are expected shortly to deteriorate, with the expectation
that such investment should enable the Corporation to better maximize the value
of its existing investment in such issuer, provided that the taxable
fixed-income</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">securities of such
issuer so acquired do not constitute more than 0.5% of the Corporation&#8217;s
Managed Assets as of the time of investment.</font></p>

<p style="margin-bottom:12.0pt;margin-left:41.05pt;margin-right:6.9pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The Corporation has instituted policies and procedures that it believes
are sufficient to ensure that the Corporation comply with the representations,
warranties and covenants contained in this Appendix A to the Articles
Supplementary. </font></p>

<p style="margin-bottom:12.0pt;margin-left:41.05pt;margin-right:6.9pt;margin-top:0in;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The Corporation will, upon request, provide DNT Asset Trust and its
internal and external auditors and inspectors as DNT Asset Trust may from time
to time designate, with all reasonable assistance and access to information and
records of the Corporation relevant to the Corporation&#8217;s compliance with and
performance of the representations, warranties and covenants contained in this
Appendix A to the Articles Supplementary, but only for the purposes of internal
and external audit.</font></p>









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<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">BLACKROCK MUNIVEST FUND, INC.</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">ARTICLES
OF AMENDMENT</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">AMENDING
THE ARTICLES SUPPLEMENTARY ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES
OF </font></b></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">VARIABLE
RATE MUNI TERM PREFERRED SHARES</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">This is to certify
that:</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">First</font></u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">: The charter of BlackRock
MuniVest Fund, Inc., a Maryland corporation (the &#8220;Corporation&#8221;), is amended by
these Articles of Amendment, which amend the Articles Supplementary
Establishing and Fixing the Rights and Preferences of Variable Rate Muni Term
Preferred Shares, dated as of December 15, 2011, as amended to date (the
&#8220;Articles Supplementary&#8221;). </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">Second</font></u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">: The charter of
the Corporation is hereby amended by deleting &#8220;12:00 noon, New York City time,
on a Business Day not less than ten (10) Business Days preceding&#8221; in Section
10(g) of the Articles Supplementary.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">Third</font></u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">: These Articles
of Amendment shall be effective as of December 6, 2023.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">Fourth</font></u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">: The amendment to
the charter of the Corporation as set forth above in these Articles of
Amendment has been duly advised by the board of directors of the Corporation
and approved by the stockholders of the Corporation as and to the extent
required by law and in accordance with the charter of the Corporation.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">[Signature
Page Follows]</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>









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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">IN WITNESS WHEREOF, BlackRock MuniVest Fund,
Inc. has caused these Articles of Amendment to be signed as of December 4, 2023,
in its name and on its behalf by the person named below, who acknowledges that
these Articles of Amendment are the act of the Corporation and, to the best of
such person&#8217;s knowledge, information, and belief and under penalties for
perjury, all matters and facts contained in these Articles of Amendment are
true in all material respects.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:3.5in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">BLACKROCK </font><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;text-transform:uppercase;">MUNIVEST
FUND,</font><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;"> INC.</font></p>

<p style="margin-bottom:0in;margin-left:3.5in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:3.5in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;/s/Jonathan Diorio&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:4.65in;margin-right:5.75pt;margin-top:0in;text-indent:-.3in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; Name:&#160;
Jonathan Diorio</font></p>

<p style="margin:0in;margin-left:334.6pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Title:&#160;&#160;&#160; Vice</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">President</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ATTEST:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">By:&#160;&#160;
</font><u><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;</font></u><u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">/s/Janey
Ahn&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;"><br>
Name</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">:&#160; </font><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">Janey Ahn<br>
Title</font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">:</font><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;"> </font><font face=Calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;&#160;&#160;</font><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">Secretary</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></p>




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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">BLACKROCK MUNIVEST FUND, INC.</font></b></p>

<p align=center style="margin:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ARTICLES OF
AMENDMENT</font></b></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; BLACKROCK MUNIVEST
FUND, INC., a Maryland corporation (the &#8220;Corporation&#8221;), does hereby certify to
the State Department of Assessments and Taxation of the State of Maryland that:</font></p>

<p style="margin:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">FIRST</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant
to Section 2-605 of the Maryland General Corporation Law (the &#8220;MGCL&#8221;), the
charter of the Corporation (the &#8220;Charter&#8221;) is hereby amended by renaming a
series of the Corporation as set forth below:</font></p>

<p style="margin:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:464.399994pt;">
 <tr>
  <td valign=top width=52% style="border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">Current Name of Series</font></b></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">New Name of Series
  </font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=52% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:5.0pt;margin-left:0in;margin-right:0in;margin-top:5.0pt;"><font face="Times New Roman" style="font-size:12.0pt;">Series W-7 VMTP Preferred Shares</font></p>
  </td>
 <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:5.0pt;margin-left:0in;margin-right:0in;margin-top:5.0pt;"><font face="Times New Roman" style="font-size:12.0pt;">Series W-7 (Retired) Preferred
  Shares</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;text-indent:.5in;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">SECOND</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">:&#160;&#160;&#160;&#160;&#160;&#160; The
amendment to the Charter that is effected by these Articles of Amendment has
been approved by a majority of the entire board of directors of the Corporation
and is limited to a change expressly authorized by Section 2-605(a)(2) of the
MGCL to be made without action by the stockholders of the Corporation.</font></p>

<p style="margin:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;text-indent:.5in;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">THIRD</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;">These Articles of Amendment shall be
effective as of the 20th day of December, 2023.</font></p>

<p style="margin:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;text-indent:.5in;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">FOURTH</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">:&#160;&#160;&#160;&#160;&#160;&#160; As
amended hereby, the Charter shall remain in full force and effect.</font></p>

<p style="margin:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">[Remainder of Page
Intentionally Left Blank]</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:3.0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>









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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4866-0515-9319</font></p>


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<p style="margin:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">IN WITNESS WHEREOF, the Corporation has caused these
Articles of Amendment to be signed in its name and on its behalf on this 20th
day of December, 2023, by the President and Chief Executive Officer of the
Corporation who acknowledges that these Articles of Amendment are the act of
the Corporation and that to the best of his knowledge, information, and belief,
and under penalties for perjury, the matters and facts set forth herein are
true in all material respects. </font></p>

<p style="margin:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:3.0in;text-indent:-3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">WITNESS:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; BLACKROCK
MUNIVEST FUND, INC.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">By</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">: /s/Janey Ahn &#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">:_/s/John
M. Perlowski__</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">__</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Janey Ahn&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; John M.
Perlowski</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Secretary&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160; &#160;President
and Chief Executive Officer </font></p>

<p style="margin:0in;margin-left:3.0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>




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<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>5
<FILENAME>NCEN_811-05611_62167127_0724.htm
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<p style="margin-bottom:3.15pt;margin-left:0in;margin-right:0pt;margin-top:0in;"><b><font color=black face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">To the Shareholders and the
Board of Trustees/Directors of BlackRock Investment Quality Municipal Trust,
Inc., BlackRock Municipal Income Trust, BlackRock Municipal Income Trust II,
BlackRock MuniHoldings Fund, Inc., BlackRock MuniVest Fund, Inc., BlackRock
MuniVest Fund II, Inc., and BlackRock MuniYield Quality Fund II, Inc.:</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In
planning and performing our audits of the financial statements of</font><font color=black face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> BlackRock
Investment Quality Municipal Trust, Inc., BlackRock Municipal Income Trust,
BlackRock Municipal Income Trust II, BlackRock MuniHoldings Fund, Inc.,
BlackRock MuniVest Fund, Inc., BlackRock MuniVest Fund II, Inc., and BlackRock
MuniYield Quality Fund II, Inc. (the &#8220;Funds&#8221;), </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as of and for the year ended July 31,
2024, in accordance with the standards of the Public Company Accounting
Oversight Board (United States) (PCAOB), we considered the Funds&#8217; internal
control over financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-CEN, but not for the purpose of expressing an opinion on
the effectiveness of the Funds&#8217; internal control over financial reporting.
Accordingly, we express no such opinion. </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">The management of the Funds is responsible for
establishing and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. A company's internal control over financial reporting is a process
designed to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A company's internal
control over financial reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets
of the company; (2) provide reasonable assurance that transactions are recorded
as necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of
the company are being made only in accordance with authorizations of management
and directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition
of a company's assets that could have a material effect on the financial
statements. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">Because of its inherent limitations, internal control
over financial reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in conditions
or that the degree of compliance with the policies or procedures may
deteriorate. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">A deficiency in internal control over financial
reporting exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned
functions, to prevent or detect misstatements on a timely basis. A material
weakness is a deficiency, or a combination of deficiencies, in internal control
over financial reporting, such that there is a reasonable possibility that a
material misstatement of the company&#8217;s annual or interim financial statements
will not be prevented or detected on a timely basis. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">Our consideration of the Funds&#8217; internal control over
financial reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in internal
control that might be material weaknesses under standards established by the
PCAOB. However, we noted no deficiencies in the Funds&#8217; internal control over
financial reporting and its operation, including controls over safeguarding
securities, that we consider to be a material weakness, as defined above, as of
July 31, 2024. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">This report is intended solely for the information and
use of management and the Board of Trustees/Directors of the Funds and the
Securities and Exchange Commission and is not intended to be and should not be
used by anyone other than these specified parties. </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">/s/ Deloitte &amp; Touche
LLP </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">Boston, Massachusetts </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">September 20, 2024</font></p>




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