<SEC-DOCUMENT>0001193125-25-159946.txt : 20250716
<SEC-HEADER>0001193125-25-159946.hdr.sgml : 20250716
<ACCEPTANCE-DATETIME>20250716171146
ACCESSION NUMBER:		0001193125-25-159946
CONFORMED SUBMISSION TYPE:	N-14 8C
PUBLIC DOCUMENT COUNT:		22
FILED AS OF DATE:		20250716
DATE AS OF CHANGE:		20250716

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.
		CENTRAL INDEX KEY:			0000882150
		ORGANIZATION NAME:           	
		EIN:				223144223
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		N-14 8C
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-288711
		FILM NUMBER:		251128061

	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 MUNIYIELD NEW YORK INSURED FUND, INC.
		DATE OF NAME CHANGE:	20070612

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIYIELD NEW YORK INSURED FUND INC
		DATE OF NAME CHANGE:	19920717

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW YORK MUNIYIELD FUND INC
		DATE OF NAME CHANGE:	19600201
<IS-FUND-24F2-ELIGIBLE>N
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-14 8C
<SEQUENCE>1
<FILENAME>d61427dn148c.htm
<DESCRIPTION>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.
<TEXT>
<HTML><HEAD>
<TITLE>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>As filed with the Securities and Exchange Commission on July&nbsp;16, 2025 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Securities Act File No.&nbsp;333- </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Investment Company Act File <FONT STYLE="white-space:nowrap">No.&nbsp;811-06500</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</DIV>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT STYLE="white-space:nowrap">N-14</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B></B>&#9744;<B></B><B> <FONT STYLE="white-space:nowrap">Pre-Effective</FONT> Amendment No. <U>&#8195;&#8194;</U> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B></B>&#9744;<B></B><B> Post-Effective Amendment No. <U>&#8195;&#8194;</U> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Check appropriate box or boxes) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</DIV>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FUND, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of
Registrant as Specified in Charter) </B></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>100 Bellevue Parkway </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Wilmington, Delaware 19809 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices: Number, Street, City, State, Zip Code) </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(800) <FONT STYLE="white-space:nowrap">882-0052</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Area Code and Telephone Number) </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>John M. Perlowski </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>President and Chief Executive Officer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BlackRock MuniYield New York Quality Fund, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>50 Hudson Yards </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>New
York, New York 10001 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name and Address of Agent for Service) </B></P>
<P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</DIV>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>With copies to: </I></B></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="50%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Margery K. Neale, Esq.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Elliot J. Gluck, Esq.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Willkie Farr&nbsp;&amp; Gallagher LLP</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>787 Seventh Avenue</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>New
York, New York 10019-6099</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Janey Ahn, Esq.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BlackRock Advisors, LLC</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>50 Hudson Yards</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>New York,
New York 10001</B></P></TD></TR>
</TABLE> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</DIV>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AS SOON AS PRACTICABLE AFTER THE EFFECTIVE DATE OF THIS REGISTRATION STATEMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Approximate Date of Proposed Public Offering) </B></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the
Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section&nbsp;8(a) of the Securities Act of 1933 or until this registration statement shall
become effective on such date as the Commission, acting pursuant to said Section&nbsp;8(a), may determine. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXPLANATORY NOTE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>This Registration Statement is organized as follows: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">a.&#8195;Letter to Common Shareholders of BlackRock MuniHoldings New York Quality Fund, Inc. (&#147;MHN&#148;), BlackRock New York Municipal
Income Trust (&#147;BNY&#148;) and BlackRock MuniYield New York Quality Fund, Inc. (&#147;MYN&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">b.&#8195;Questions&nbsp;&amp;
Answers for Common Shareholders of MHN, BNY and MYN. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">c.&#8195;Notice of Joint Special Meetings of Shareholders of MHN, BNY and MYN. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">d.&#8195;Joint Proxy Statement/Prospectus regarding the proposed mergers of MHN and BNY into MYN. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">e.&#8195;Statement of Additional Information regarding the proposed mergers of MHN and BNY into MYN. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">f.&#8195;Part C: Other Information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">g.&#8195;Exhibits. </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>100 Bellevue Parkway </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Wilmington, Delaware 19809 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(800) <FONT STYLE="white-space:nowrap">882-0052</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">[&#9679;], 2025 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Dear Common
Shareholder: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">You are cordially invited to attend the joint special shareholder meetings (collectively, the &#147;Special Meeting&#148;)
of BlackRock MuniHoldings New York Quality Fund, Inc. (&#147;MHN&#148;), BlackRock New York Municipal Income Trust (&#147;BNY&#148;) and BlackRock MuniYield New York Quality Fund, Inc. (&#147;MYN&#148; or the &#147;Acquiring Fund&#148; and
collectively with MHN and BNY, the &#147;Funds,&#148; and each, a &#147;Fund&#148;), to be held on October&nbsp;15, 2025 at [&#9679;] (Eastern Time). The Special Meeting will be held in a virtual meeting format only. Shareholders will not have to
travel to attend the Special Meeting, but will be able to view the Special Meeting live, have a meaningful opportunity to participate, including the ability to ask questions of management, and cast their votes by accessing a web link. Before the
Special Meeting, I would like to provide you with additional background information and ask for your vote on important proposals affecting the Funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Common Shareholders of MHN</I>: You and the preferred shareholders of MHN, a Maryland corporation and
<FONT STYLE="white-space:nowrap">a&nbsp;closed-end&nbsp;management</FONT> investment company, are being asked to vote as a single class on a proposal to approve an Agreement and Plan of Merger among the Acquiring Fund, a Maryland corporation and a <FONT
STYLE="white-space:nowrap">closed-end&nbsp;management</FONT> investment company, MHN and a wholly-owned subsidiary of the Acquiring Fund (the &#147;MHN Merger Sub&#148;) (the &#147;MHN Merger Agreement&#148;) and the transactions contemplated
therein, including the merger of MHN with and into the MHN Merger Sub (the &#147;MHN Merger&#148;). The MHN Merger Sub has been formed for the sole purpose of consummating the MHN Merger, and will transfer its assets and liabilities to the Acquiring
Fund and dissolve as soon as practicable following the completion of the MHN Merger. The Acquiring Fund has a similar investment objective and similar investment strategies, policies and restrictions as MHN, although there are some differences.
Preferred shareholders of MHN are also being asked to vote as a separate class on a proposal to approve the MHN Merger Agreement and the MHN Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Common Shareholders of BNY</I>: You and the preferred shareholders of BNY, a Delaware statutory trust and
<FONT STYLE="white-space:nowrap">a&nbsp;closed-end&nbsp;management</FONT> investment company, are being asked to vote as a single class on a proposal to approve an Agreement and Plan of Merger among the Acquiring Fund, a Maryland corporation and a <FONT
STYLE="white-space:nowrap">closed-end&nbsp;management</FONT> investment company, BNY and a wholly-owned subsidiary of the Acquiring Fund (the &#147;BNY Merger Sub&#148;) (the &#147;BNY Merger Agreement&#148; and together with the MHN Merger
Agreement, the &#147;Merger Agreements&#148;) and the transactions contemplated therein, including the merger of BNY with and into the BNY Merger Sub (the &#147;BNY Merger&#148; and together with the MHN Merger, the &#147;Mergers&#148;). The BNY
Merger Sub has been formed for the sole purpose of consummating the BNY Merger, and will transfer its assets and liabilities to the Acquiring Fund and dissolve as soon as practicable following the completion of the BNY Merger. The Acquiring Fund has
a similar investment objective and similar investment strategies, policies and restrictions as BNY, although there are some differences. Preferred shareholders of BNY are also being asked to vote as a separate class on a proposal to approve the BNY
Merger Agreement and the BNY Merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Common Shareholders of the Acquiring Fund</I>: You and the preferred shareholders of the
Acquiring Fund are being asked to vote as a single class on a proposal to approve the issuance of additional common shares of the Acquiring Fund in connection with each Merger. Preferred shareholders of the Acquiring Fund are also being asked to
vote as a separate class on a proposal to approve each Merger Agreement and the respective Merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The enclosed Joint Proxy
Statement/Prospectus is only being delivered to the Funds&#146; common shareholders. The preferred shareholders of each Fund are also being asked to attend the Special Meeting and to vote as a separate class with respect to the proposals described
above. Each Fund is delivering to its preferred shareholders a separate proxy statement with respect to the proposals described above. </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of Directors or Board of Trustees, as applicable, of each Fund believes that the
proposal that the common shareholders of its Fund are being asked to vote upon is in the best interests of its respective Fund and its shareholders and unanimously recommends that you vote &#147;FOR&#148; such proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Your vote is important</B>. Attendance at the Special Meeting will be limited to each Fund&#146;s shareholders as of [&#9679;], 2025, the
record date for the Special Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If your shares in a Fund are registered in your name, you may attend and participate in the Special
Meeting at https://meetnow.global/MgFSU5J by entering the control number found in the shaded box on your proxy card on the date and time of the Special Meeting. You may vote during the Special Meeting by following the instructions that will be
available on the Special Meeting website during the Special Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If you are a beneficial shareholder of a Fund (that is if you hold
your shares of a Fund through a bank, broker, financial intermediary or other nominee) and want to attend the Special Meeting you must register in advance of the Special Meeting. To register, you must submit proof of your proxy power (legal proxy),
which you can obtain from your financial intermediary or other nominee, reflecting your Fund holdings along with your name and email address to Georgeson LLC, each Fund&#146;s tabulator. You may email an image of your legal proxy to [<FONT
STYLE="font-family:Times New Roman; font-size:10pt" COLOR="#0563c1"><U>shareholdermeetings@computershare.com</U></FONT><FONT STYLE="font-family:Times New Roman">]. Requests for registration must be received [no later than 5:00 p.m. (Eastern Time)
three business days prior to the Special Meeting date]. You will receive a confirmation email from Georgeson LLC of your registration and a control number and security code that will allow you to vote at the Special Meeting. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Even if you plan to participate in the virtual Special Meeting, please promptly follow the enclosed instructions to submit voting instructions
by telephone or via the Internet. Alternatively, you may submit voting instructions by signing and dating each proxy card or voting instruction form you receive, and if received by mail, returning it in the accompanying postage-paid return envelope.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We encourage you to carefully review the enclosed materials, which explain the proposals in more detail. As a shareholder, your vote is
important, and we hope that you will respond today to ensure that your shares will be represented at the Special Meeting. You may vote using one of the methods below by following the instructions on your proxy card or voting instruction form(s):
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By touch-tone phone; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By internet; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By signing, dating and returning the enclosed proxy card or voting instruction form(s) in the postage-paid
envelope; or </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By participating at the Special Meeting as described above. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If you do not vote using one of the methods described above, you may be called by Georgeson LLC, the Funds&#146; proxy solicitor, to vote your
shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If you have any questions about the proposals to be voted on or the virtual Special Meeting, please call Georgeson LLC, the firm
assisting us in the solicitation of proxies, toll free at [(866) <FONT STYLE="white-space:nowrap">413-5899].</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As always, we
appreciate your support. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Sincerely, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">JOHN
M. PERLOWSKI </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">President and Chief Executive Officer of the Funds </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Please vote <U>now</U>. Your vote is important. </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px;background-color:;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>To avoid the wasteful and unnecessary expense of further solicitation(s), we urge you to
indicate your voting instructions on the enclosed proxy card, date and sign it and return it promptly in the postage-paid envelope provided, or record your voting instructions by telephone or via the internet, no matter how large or small your
holdings may be. If you submit a properly executed proxy but do not indicate how you wish your common shares to be voted, your common shares will be voted &#147;FOR&#148; the proposal. If your common shares are held through a broker, you must
provide voting instructions to your broker about how to vote your common shares in order for your broker to vote your common shares as you instruct at the Special Meeting. </B></P></div>
<P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">[&#9679;]<B>, 2025</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>IMPORTANT NOTICE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO
COMMON SHAREHOLDERS OF </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>QUESTIONS&nbsp;&amp; ANSWERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Although we urge you to read the entire Joint Proxy Statement/Prospectus, we have provided for your convenience a brief overview of some of
the important questions concerning the joint special shareholder meetings (collectively, the &#147;Special Meeting&#148;) of BlackRock MuniHoldings New York Quality Fund, Inc. (&#147;MHN&#148;) and BlackRock New York Municipal Income Trust
(&#147;BNY&#148;) (together, the &#147;Target Funds&#148;) and BlackRock MuniYield New York Quality Fund, Inc. (&#147;MYN&#148; or the &#147;Acquiring Fund&#148; and collectively with MHN and BNY, the &#147;Funds,&#148; and each, a &#147;Fund&#148;)
and the proposals to be voted on. It is expected that the effective dates (collectively, the &#147;Closing Date&#148;) of the Mergers (as defined below) will be sometime during the fourth quarter of 2025, but they may be at a different time as
described in the Joint Proxy Statement/Prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The enclosed Joint Proxy Statement/Prospectus is being sent only to the common
shareholders of the Funds. Each of MHN, BNY and the Acquiring Fund is separately soliciting the votes of its holders of Variable Rate Demand Preferred Shares (&#147;VRDP Shares&#148; and the holders thereof, &#147;VRDP Holders,&#148; and such VRDP
Shares and the common shares of each Fund, the &#147;Shares&#148;), as applicable, through a separate proxy statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; Why is a shareholder meeting being held? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195;&#8195; <I>Common Shareholders of BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE Ticker: MHN)</I>: You and the VRDP Holders
of MHN are being asked to vote as a single class on a proposal to approve an Agreement and Plan of Merger (the &#147;MHN Merger Agreement&#148;) among MHN, the Acquiring Fund and a wholly-owned subsidiary of the Acquiring Fund (the &#147;MHN Merger
Sub&#148;) and the transactions contemplated therein, including the merger of MHN with and into the MHN Merger Sub (the &#147;MHN Merger&#148;). The MHN Merger Sub has been formed for the sole purpose of consummating the MHN Merger, and the MHN
Merger Sub will transfer its assets and liabilities to the Acquiring Fund and dissolve as soon as practicable following the completion of the MHN Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN VRDP Holders are also being asked to vote as a separate class on a proposal to approve the MHN Merger Agreement and the MHN Merger through
a separate proxy statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Common Shareholders of </I><I>BlackRock New York Municipal Income Trust (NYSE Ticker: BNY)</I>: You and
the VRDP Holders of BNY are being asked to vote as a single class on a proposal to approve an Agreement and Plan of Merger (the &#147;BNY Merger Agreement&#148; and together with the MHN Merger Agreement, the &#147;Merger Agreements&#148;) among
BNY, the Acquiring Fund and a wholly-owned subsidiary of the Acquiring Fund (the &#147;BNY Merger Sub&#148; and together with the MHN Merger Sub, the &#147;Merger Subs&#148;) and the transactions contemplated therein, including the merger of BNY
with and into the BNY Merger Sub (the &#147;BNY Merger&#148; and together with the MHN Merger, the &#147;Mergers&#148;). The BNY Merger Sub has been formed for the sole purpose of consummating the BNY Merger, and the BNY Merger Sub will transfer its
assets and liabilities to the Acquiring Fund and dissolve as soon as practicable following the completion of the BNY Merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY VRDP
Holders are also being asked to vote as a separate class on a proposal to approve the BNY Merger Agreement and the BNY Merger through a separate proxy statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Common Shareholders of BlackRock MuniYield New York Quality Fund, Inc. (NYSE Ticker: MYN)</I>: You and the Acquiring Fund VRDP Holders are
being asked to vote as a single class on a proposal to approve the issuance of additional common shares of the Acquiring Fund in connection with each Merger Agreement (each, an &#147;Issuance&#148; and collectively, the &#147;Issuances&#148;). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Acquiring Fund VRDP Holders are also being asked to vote as a separate class on a proposal
to approve each Merger Agreement and the transactions contemplated therein, including the adoption of any new, or amendments to the currently existing, Articles Supplementary of VRDP Shares of the Acquiring Fund as necessary in connection with the
issuance of additional Acquiring Fund VRDP Shares, through a separate proxy statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The term &#147;Combined Fund&#148; refers to the
Acquiring Fund as the surviving Fund after the consummation of each of the Mergers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">No Merger is contingent upon the approval of any
other Merger. If a Merger is not consummated, the Fund(s) for which such Merger(s) was not consummated would continue to exist and operate on a standalone basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; Why has each Fund&#146;s Board recommended these proposals? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195;&#8195;The Board of Directors or Board of Trustees, as applicable (each, a &#147;Board&#148; and each member thereof, a &#147;Board
Member&#148;), of each Fund has determined that its Merger(s) is in the best interests of its Fund and that the interests of existing common shareholders and preferred shareholders of its Fund will not be diluted with respect to net asset value
(&#147;NAV&#148;) and liquidation preference, respectively, as a result of the Merger. The Mergers seek to achieve certain economies of scale and other operational efficiencies by combining three funds that have similar investment objectives and
similar investment strategies, policies and restrictions and are managed by the same investment adviser, BlackRock Advisors, LLC (the &#147;Investment Advisor&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In light of these similarities, the Mergers are intended to reduce fund redundancies and create a single, larger fund that may benefit from
anticipated operating efficiencies and economies of scale. The Mergers are intended to result in the following potential benefits to common shareholders: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i)&#8195;&#8199;lower net total expenses (excluding leverage expenses and Acquiring Fund extraordinary expenses) per Common Share for common
shareholders of each Fund (as common shareholders of the Combined Fund following the Mergers) due to economies of scale resulting from the larger size of the Combined Fund; </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">improved net earnings yield on NAV for common shareholders of each Fund; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">improved secondary market trading of the common shares of the Combined Fund; and </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">operating and administrative efficiencies for the Combined Fund, including the potential for the following:
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">the ability to trade portfolio securities in larger positions and more favorable transaction terms;
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">additional sources of leverage or more competitive leverage terms and more favorable transaction terms;
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8199;benefits from having fewer <FONT STYLE="white-space:nowrap">closed-end</FONT> funds offering similar
products in the market, including an increased focus by investors on the remaining funds in the market (including the Combined Fund) and additional research coverage; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&#8195;&#8199;benefits from having fewer similar funds in the same fund complex, including a simplified operational model and a reduction
in risk of operational, legal and financial errors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of each Fund, including Board Members thereof who are not &#147;interested
persons&#148; (as defined in the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;) (the &#147;Independent Board Members&#148;), approved its Merger, Merger Agreement(s) and the Issuances, as applicable, concluding that the
Merger(s) is in the best interests of its Fund and that the interests of existing common shareholders and preferred shareholders of its Fund will not be diluted with respect to NAV and liquidation preference, respectively, as a result of the
Merger(s). As a result of the Mergers, however, common and preferred shareholders of each Fund may hold a reduced percentage of ownership in the larger Combined Fund than they did in any of the individual Funds before the Mergers. Each Board&#146;s
conclusion was based on each Board Member&#146;s business judgment after consideration of all relevant factors taken as a whole with respect </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
to its Fund and the Fund&#146;s common and preferred shareholders, although individual Board Members may have placed different weight on various factors and assigned different degrees of
materiality to various factors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Because the shareholders of each Fund will vote separately on the Fund&#146;s respective Merger(s) or
Issuances, as applicable, there are multiple potential combinations of Mergers. To the extent any Merger is not completed, any expected expense savings by the Combined Fund, or other potential benefits resulting from the Mergers, may be reduced.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If a Merger is not consummated, then the Investment Advisor may, in connection with ongoing management of the Fund for which such
Merger(s) was not consummated and its product line, recommend alternative proposals to the Board of that Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195;
How will the Mergers affect the fees and expenses of the Funds? </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A: &#8195;&#8195;In the Investment Advisor&#146;s view, the most
likely combination is the Merger of all of the Funds, which is also expected to result in the lowest Total Expense Ratio for the Combined Fund. If the only Merger discussed in this Joint Proxy Statement/Prospectus that is completed is the Merger of
BNY into the Acquiring Fund, the Combined Fund would be expected to have a higher Total Expense Ratio than if any other combination of Mergers were completed. For the twelve-month period ended January&nbsp;31, 2025, any combination of Mergers is
expected to result in a Total Expense Ratio <I>(excluding leverage expenses and extraordinary expenses)</I> for the Combined Fund that is lower than the Total Expense Ratio <I>(excluding leverage expenses and extraordinary expenses)</I> of each
Target Fund. &#147;Total Expenses&#148; means a Fund&#146;s total annual operating expenses. &#147;Total Expense Ratio&#148; means a Fund&#146;s Total Expenses expressed as a percentage of its average net assets attributable to its common shares.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund and the Investment Advisor have entered into a fee waiver agreement (the &#147;Fee Waiver Agreement&#148;), pursuant to which
the Investment Advisor has contractually agreed to waive the management fee with respect to any portion of each Fund&#146;s assets attributable to investments in any equity and fixed-income mutual funds and exchange-traded funds (&#147;ETFs&#148;)
managed by the Investment Advisor or its affiliates and other exchange-traded products sponsored by the Investment Advisor or its affiliates, in each case that have a contractual management fee, through June&nbsp;30, 2027 (the &#147;Affiliated
Mutual Fund and ETF Waiver&#148;). In addition, pursuant to the Fee Waiver Agreement, the Investment Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees each Fund pays to the Investment Advisor
indirectly through its investment in money market funds advised by the Investment Advisor or its affiliates, through June&nbsp;30, 2027 (the &#147;Affiliated Money Market Fund Waiver&#148; and together with the Affiliated Mutual Fund and ETF Waiver,
the &#147;Affiliated Fund Waiver&#148;). The Fee Waiver Agreement may be continued from year to year thereafter, provided that such continuance is specifically approved by the Investment Advisor and each Fund (including by a majority of each
Fund&#146;s Independent Board Members). Neither the Investment Advisor nor the Funds are obligated to extend the Fee Waiver Agreement. The Fee Waiver Agreement may be terminated at any time, without the payment of any penalty, only by each Fund
(upon the vote of a majority of the Independent Board Members or a majority of the outstanding voting securities of each Fund), upon 90 days&#146; written notice by each Fund to the Investment Advisor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to MHN, the Investment Advisor has voluntarily agreed to waive its investment advisory fee on the proceeds of the VRDP Shares and
TOB Trusts that exceed 35% of total assets minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding VRDP Shares) (the &#147;MHN Voluntary Waiver&#148;).
The MHN Voluntary Waiver may be reduced or discontinued at any time without notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to each Fund, effective May&nbsp;1,
2024, the Investment Advisor voluntarily agreed to waive a portion of its investment advisory fee attributable to each Fund&#146;s outstanding VRDP Shares for each month in which the monthly dividend on the Fund&#146;s VRDP Shares exceeds the
calculated value of the Fund&#146;s gross monthly income attributable to investments from the proceeds of the VRDP Shares (determined by multiplying the Fund&#146;s gross monthly income by the ratio of (i)&nbsp;the liquidation preference of any
outstanding VRDP Shares to (ii)&nbsp;total assets of the Fund minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding VRDP Shares)) (the &#147;VRDP
Voluntary Waiver&#148;). This VRDP Voluntary Waiver may be reduced or discontinued at any time without notice. In addition, each Fund received its pro rata portion of a <FONT STYLE="white-space:nowrap">one-time</FONT> aggregate $2&nbsp;million
voluntary advisory fee waiver. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For the twelve-month period ended January&nbsp;31, 2025, for MHN, BNY, the Acquiring Fund,
the Combined Fund if only the BNY Merger is completed, and the Combined Fund if all Mergers are completed, the historical and <I>pro forma</I> Total Expense Ratios <I>(without giving effect to the MHN Voluntary Waiver and/or the VRDP Voluntary
Waiver and excluding extraordinary expenses)</I> applicable to the Mergers are as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Total Expense Ratios Excluding Leverage Expenses </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="18%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(MYN)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I></I></B><B></B><B><I></I></B><B></B><B><I>Pro Forma
</I></B><B></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Combined Fund</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(BNY into</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MYN)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I>Pro forma</I></B><B></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Combined Fund</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(MHN and
BNY</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>into MYN)</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">1.03%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1.01%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.88%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.87%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.86%</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Total Expense Ratios Including Leverage Expenses </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="18%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(MYN)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I>Pro Forma</I></B><B></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Combined Fund</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(BNY
into</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MYN)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I>Pro forma</I></B><B></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Combined Fund</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(MHN and
BNY</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>into MYN)</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">3.86%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3.63%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3.22%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3.33%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3.44%</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund&#146;s Total Expenses include leverage expenses associated with such Fund&#146;s TOBs and VRDP
Shares. The Funds estimate that the completion of all of the Mergers would result in a Total Expense Ratio <I>(excluding leverage expenses and extraordinary expenses) </I>for the Combined Fund of 0.86% on a historical and <I>pro forma</I> basis for
the twelve-month period ended January&nbsp;31, 2025, representing a reduction in the Total Expense Ratios <I>(excluding leverage expenses and extraordinary expenses) </I>for the common shareholders of MHN, BNY and the Acquiring Fund by 0.17%, 0.15%
and 0.02%, respectively. After giving effect to the MHN Voluntary Waiver and the VRDP Voluntary Waiver (each of which may be reduced or discontinued at any time without notice) and the <FONT STYLE="white-space:nowrap">one-time</FONT> voluntary
advisory fee waiver, as applicable, the Total Expense Ratio <I>(excluding leverage expenses and extraordinary expenses</I>) for the common shareholders of each Fund is expected to decrease. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds estimate that the completion of all of the Mergers would result in a Total Expense Ratio <I>(including leverage expenses and
excluding extraordinary expenses) </I>for the Combined Fund of 3.44% on a historical and <I>pro forma </I>basis for the twelve-month period ended January&nbsp;31, 2025, representing a reduction in the Total Expense Ratio <I>(including leverage
expenses and excluding extraordinary expenses</I>) for the common shareholders of MHN and BNY by 0.42% and 0.19%, respectively, and an increase in the Total Expense Ratio <I>(including leverage expenses and excluding extraordinary expenses</I>) for
the common shareholders of the Acquiring Fund by 0.22%. After giving effect to the MHN Voluntary Waiver and the VRDP Voluntary Waiver (each of which may be reduced or discontinued at any time without notice) and the
<FONT STYLE="white-space:nowrap">one-time</FONT> voluntary advisory fee waiver, as applicable, the Total Expense Ratio <I>(including leverage expenses and excluding extraordinary expenses</I>) for the common shareholders of each Fund is expected to
decrease. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN currently pays the Investment Advisor a monthly fee at an annual rate equal to 0.55% of the average daily value of its net
assets. The Acquiring Fund currently pays the Investment Advisor a monthly fee at an annual rate equal to 0.50% of its average daily value of its net assets. For purposes of calculating these fees, &#147;net assets&#148; mean the total assets of the
Fund minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding preferred shares). It is understood that the liquidation preference of any outstanding
preferred shares (other than accumulated dividends) and TOB Trusts is not considered a liability in determining a Fund&#146;s NAV. BNY currently pays the Investment Advisor a monthly fee at an annual rate equal to 0.55% of the average weekly value
of its managed assets. For the purposes of calculating these fees, for BNY, &#147;managed assets&#148; are determined as total assets of the Fund (including any assets attributable to money borrowed for investment purposes) less the sum of its
accrued liabilities (other than money borrowed for investment purposes). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iv </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Mergers are consummated, the annual contractual investment management fee rate of the
Acquiring Fund will be the annual contractual investment management fee rate of the Combined Fund, which will be 0.50% of the average daily value of net assets (as defined above) of the Combined Fund. The Combined Fund will have a lower annual
contractual investment management fee than each of MHN and BNY, and the same annual contractual investment management fee rate as the Acquiring Fund. Please see &#147;Expense Table For Common Shareholders&#148; in this Joint Proxy
Statement/Prospectus for additional information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Based on a <I>pro forma</I> Broadridge peer expense universe for the Combined Fund, the
estimated total annual fund expense ratio <I>(excluding leverage expenses and extraordinary expenses)</I> and the actual investment management fee rate (without giving effect to the VRDP Voluntary Waiver and/or MHN Voluntary Waiver) over total
assets are each expected to be in the first quartile. Each fund in the Broadridge peer expense universe is placed in one of four quartiles for each relevant comparison, with the first quartile including funds with the lowest relative expenses and
the fourth quartile including funds with the highest relative expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The level of expense savings (or increases) will vary depending
on the combination of the Funds in the Mergers, and furthermore, there can be no assurance that future expenses will not increase or that any expense savings for any Fund will be realized as a result of any Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;How will the Mergers affect the earnings, distributions and undistributed net income of the Funds? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195;&#8195;The Combined Fund&#146;s net earnings yield on NAV for common shareholders following the Mergers are expected to be
potentially higher than the current net earnings yield on NAV for each Fund. The distribution level of any fund is subject to change based upon a number of factors, including the current and projected level of the fund&#146;s earnings, and may
fluctuate over time; thus, subject to a number of other factors, including the fund&#146;s distribution policy, a higher net earnings profile may potentially have a positive impact on such fund&#146;s distribution level over time. The Combined
Fund&#146;s earnings and distribution rate on NAV will change over time, and depending on market conditions, may be higher or lower than each Fund&#146;s earnings and distribution rate on NAV prior to the Mergers. A Fund&#146;s earnings and net
investment income are variables which depend on many factors, including its asset mix, portfolio turnover level, the amount of leverage utilized by the Fund, the costs of such leverage, the performance of its investments, the movement of interest
rates and general market conditions. In addition, the Combined Fund&#146;s future earnings will vary depending upon the combination of completed Mergers. There can be no assurance that the future earnings of a Fund, including the Combined Fund after
the Mergers, will remain constant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Mergers are approved by shareholders, then the greater of (1)&nbsp;substantially all of the
undistributed net investment income (&#147;UNII&#148;), if any, or (2)&nbsp;the monthly distribution of each Fund is expected to be declared to such Fund&#146;s common shareholders prior to the Closing Date (the
<FONT STYLE="white-space:nowrap">&#147;Pre-Merger</FONT> Declared UNII Distributions&#148;). The declaration date, <FONT STYLE="white-space:nowrap">ex-dividend</FONT> date (the <FONT STYLE="white-space:nowrap">&#147;Ex-Dividend</FONT> Date&#148;)
and record date of the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions will occur prior to the Closing Date. However, all or a significant portion of the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII
Distributions may be paid in one or more distributions to common shareholders of the Funds entitled to such <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions after the Closing Date. Former MHN and BNY shareholders
entitled to such <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions paid after the Closing Date will receive such distributions in cash post-Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Persons who purchase common shares of any of the Funds on or after the <FONT STYLE="white-space:nowrap">Ex-Dividend</FONT> Date for the <FONT
STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions should not expect to receive any distributions from any Fund until distributions, if any, are declared by the Board of the Combined Fund and paid to shareholders entitled to
any such distributions. No such distributions are expected to be paid by the Combined Fund until at least approximately one month following the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Additionally, the Acquiring Fund, in order to seek to provide its common shareholders with distribution rate stability, may include in its <FONT
STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution amounts in excess of its undistributed net investment income and net investment income accrued through the Closing Date. This would result in the Acquiring Fund issuing
incrementally more common shares in the Mergers since its NAV as of the valuation time for the Mergers would be lower relative to a scenario where such excess amounts were not included in the Acquiring Fund&#146;s
<FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">v </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent any <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII
Distribution is not an &#147;exempt interest dividend&#148; (as defined in the Code), the distribution may be taxable to shareholders for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; Have common shares of each Fund historically traded at a premium or discount? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195; &#8195;The common shares of each Fund have historically traded at a discount. The table below sets forth the market price, NAV, and
the premium/discount to NAV of each Fund as of [&#9679;], 2025. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="90%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="47%"></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8201;Market&nbsp;Price&#8195;&#8201;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;NAV&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Premium/(Discount)&nbsp;to&nbsp;NAV&#8195;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]%</TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent MHN&#146;s or BNY&#146;s common shares are trading at a wider discount (or a narrower premium)
than the Acquiring Fund at the time of its Merger, MHN&#146;s and BNY&#146;s common shareholders would have the potential for an economic benefit by the narrowing of the discount or widening of the premium. To the extent MHN&#146;s or BNY&#146;s
common shares are trading at a narrower discount (or wider premium) than the Acquiring Fund at the time of its Merger, MHN&#146;s and BNY&#146;s common shareholders may be negatively impacted if its Merger is consummated. Acquiring Fund common
shareholders would only benefit from a premium/discount perspective to the extent the post-Merger discount (or premium) of the Acquiring Fund common shares improves. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There can be no assurance that, after the Mergers, common shares of the Combined Fund will trade at a narrower discount to NAV or wider
premium to NAV than the common shares of any individual Fund prior to the Mergers. Upon consummation of the Mergers, the Combined Fund common shares may trade at a price that is less than the current market price of Acquiring Fund common shares. In
the Mergers, common shareholders of MHN and BNY will receive Acquiring Fund common shares based on the relative NAVs (not the market values) of the respective Fund&#146;s common shares. The market value of the common shares of the Combined Fund may
be less than the market value of the common shares of each respective Fund prior to the Mergers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Merger(s) are approved by
shareholders, effective upon the closing of the Merger(s), the Combined Fund will adopt a discount management program under which the Combined Fund will, beginning in 2026, intend to offer to purchase a minimum of 5% of its outstanding common
shares, subject to the Board&#146;s discretion, at a price equal to 98% of NAV per common share via annual tender offer if the Combined Fund&#146;s common shares trade at an average daily discount to NAV of more than 10.00% during a measurement
period beginning on January 1st<SUP STYLE="font-size:75%; vertical-align:top"> </SUP>and concluding on September 30th of each calendar year (the &#147;Discount Management Program&#148;). Even if a tender offer is triggered under the Discount
Management Program, there is no guarantee that Combined Fund shareholders will be able to sell all of the shares that they desire to sell in any particular tender offer and there can be no assurances as to the effect that the Discount Management
Program will have on the market for the Combined Fund&#146;s shares or the discount at which the Combined Fund&#146;s shares may trade relative to its NAV. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; How have the Funds historically performed compared to the Acquiring Fund? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A: &#8195;&#8195;The performance table below illustrates the past performance of an investment in common shares of each Fund by setting forth
the average total returns based on NAV for the Funds for the periods indicated. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="79%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-size:10pt"><B>Annualized Rates of Return</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;One&nbsp;Year&nbsp;ended&#8195;</B><br><B>March&nbsp;31, 2025<BR>based on NAV</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Five&nbsp;Year&nbsp;ended&#8195;</B><br><B>March&nbsp;31, 2025<BR>based on NAV</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Ten&nbsp;Year&nbsp;ended&#8195;</B><br><B>March&nbsp;31, 2025<BR>based on NAV</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">(1.68)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">(0.27)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">1.85%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">(2.09)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">(0.33)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">1.56%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Acquiring Fund (MYN)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">(1.73)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">(0.15)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">1.93%</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">vi </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A Fund&#146;s past performance does not indicate or guarantee how its common shares will
perform in the future. Investment return and principal value of an investment will fluctuate so that the common shares, when sold, may be worth more or less than the original cost. Current performance may be lower or higher than the performance
quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by visiting the <FONT STYLE="white-space:nowrap">&#147;Closed-End</FONT> Funds&#148;
section of www.blackrock.com. References to BlackRock Inc.&#146;s website are intended to allow investors public access to information regarding the Funds and do not, and are not intended to, incorporate BlackRock Inc.&#146;s website in the Joint
Proxy Statement/Prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; How will holders of preferred shares be affected by the Mergers? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A: &#8195;&#8195;As of the date of the enclosed Joint Proxy Statement/Prospectus, each of MHN, BNY and the Acquiring Fund has VRDP Shares
outstanding. As of July&nbsp;31, 2025, MHN had [&#9679;] Series <FONT STYLE="white-space:nowrap">W-7</FONT> VRDP Shares outstanding, BNY had [&#9679;] Series <FONT STYLE="white-space:nowrap">W-7</FONT> VRDP Shares outstanding and the Acquiring Fund
had [&#9679;] Series <FONT STYLE="white-space:nowrap">W-7</FONT> VRDP Shares outstanding. See &#147;Information About the Preferred Shares of the Funds&#148; in the Joint Proxy Statement/Prospectus for additional information about the preferred
shares of each Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of each Fund has authorized the redemption of up to 67% of the Fund&#146;s currently outstanding VRDP
Shares on one or more occasions between April&nbsp;1, 2025 and October&nbsp;1, 2025. Any such redemption is not related to a Fund&#146;s Merger(s) or contingent on shareholder approval of a Fund&#146;s Merger(s). The timing and amount of any
redemption of a Fund&#146;s currently outstanding VRDP Shares would depend on a number of factors, including, among others, the desired mix of leverage from preferred shares versus tender option bonds (&#147;TOBs&#148;), yield levels and borrowing
costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with the Mergers, assuming that no MHN or BNY VRDP Shares are redeemed prior to the applicable Closing Date, the
Acquiring Fund expects to issue 2,436 additional VRDP Shares to MHN VRDP Holders and 1,794 additional VRDP Shares to BNY VRDP Holders, which may be of the same Series W-7 VRDP Shares or a new series of VRDP Shares. Following the completion of the
Mergers, based on the Fund&#146;s preferred shares currently outstanding, the Combined Fund is expected to have 6,707 VRDP Shares outstanding. If any Fund partially or fully redeems its preferred shares, the Combined Fund will have fewer than 6,707
VRDP Shares outstanding, or possibly no VRDP Shares outstanding, following the completion of the Mergers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Assuming all of the Mergers are
approved by the requisite shareholders, upon the Closing Date of the Mergers, Target Fund VRDP Holders will receive the right to receive on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis one newly
issued Acquiring Fund VRDP Share, par value $0.10 per share and with a liquidation preference of $100,000 per share (plus any accumulated and unpaid dividends that have accrued on the Target Fund VRDP Shares up to and including the day immediately
preceding the Closing Date if such dividends have not been paid prior to the Closing Date), in exchange for each Target Fund VRDP Share held by the Target Fund VRDP Holders immediately prior to the Closing Date. The newly issued Acquiring Fund VRDP
Shares may be of the same series as the Acquiring Fund&#146;s outstanding VRDP Shares or a substantially identical series. No fractional Acquiring Fund VRDP Shares will be issued. The terms of the Acquiring Fund VRDP Shares to be issued in
connection with the Mergers will be identical or substantially identical to the terms of the Acquiring Fund&#146;s outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to the payment of dividends
and the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund. The newly issued Acquiring Fund VRDP Shares will be subject to the same special rate period (including the terms thereof) applicable to
the outstanding Acquiring Fund VRDP Shares as of the Closing Date of the Merger. Such special rate period will terminate on June&nbsp;17, 2026, unless extended. A Fund may designate any succeeding subsequent rate period of the VRDP Shares as a
&#147;special rate period&#148; subject to the restrictions and requirements set forth in the governing instrument for such Fund&#146;s VRDP Shares. During a special rate period, a Fund may choose to modify the terms of the VRDP Shares as permitted
by the governing instrument for such Fund&#146;s VRDP Shares, including, for example, special provisions relating to the calculation of dividends and the redemption of the VRDP Shares. The Mergers will not result in any changes to the terms of the
Acquiring Fund&#146;s VRDP Shares currently outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The newly issued Acquiring Fund VRDP Shares will have terms that are similar to
the terms of the outstanding Target Fund VRDP Shares, with certain differences. While the MHN VRDP Shares have a mandatory redemption date of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">vii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
July&nbsp;1, 2041, and the BNY VRDP Shares have a mandatory redemption date of March&nbsp;31, 2051, the newly issued Acquiring Fund VRDP Shares are expected to have a mandatory redemption date of
May&nbsp;1, 2041. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">None of the expenses of the Mergers are expected to be borne by the VRDP Holders of the Funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent that the Acquiring Fund issues any new VRDP Shares in the Mergers, the VRDP Holders of each Fund, if any, will be VRDP Holders
of the larger Combined Fund that will have a larger asset base and more VRDP Shares outstanding than any Fund individually before the Mergers. With respect to matters requiring all preferred shareholders to vote separately or common and preferred
shareholders to vote together as a single class, following the Mergers, any VRDP Holders of the Combined Fund may hold a smaller percentage of the outstanding VRDP Shares of the Combined Fund as compared to their percentage holdings of outstanding
VRDP Shares, if any, of their respective Fund prior to the Mergers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; How similar are the Funds? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A: &#8195;&#8195;The Funds have the same investment adviser, officers and directors/trustees. MHN and the Acquiring Fund are each incorporated
as a Maryland corporation. BNY is formed as a Delaware statutory trust. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each of the Funds has its common shares listed on the New York
Stock Exchange (&#147;NYSE&#148;). MHN, BNY and the Acquiring Fund each has privately placed VRDP Shares outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund is
managed by a team of investment professionals led by Kevin Maloney, CFA, Phillip Soccio, CFA, Walter O&#146;Connor, CFA, Christian Romaglino, CFA, Michael Kalinoski, CFA, and Kristi Manidis. Following the Mergers, it is expected that the Combined
Fund will be managed by the same team of investment professionals as currently manage the Acquiring Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The investment objective,
significant investment strategies and operating policies, and investment restrictions of the Combined Fund will be those of the Acquiring Fund, which are similar to those of MHN and BNY, although there are some differences. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><U>Investment Objective</U></I>: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund (MYN)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">MHN&#146;s investment objective is to provide shareholders with current income exempt from federal income tax and New York
State and New York City personal income taxes.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BNY&#146;s investment objective is to provide current income exempt from federal income taxes.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Acquiring Fund&#146;s investment objective is to provide shareholders with as high a level of current income exempt
from federal income taxes and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management.</P></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><U>Municipal Bonds</U></I>: Below is a comparison of each Fund&#146;s investment policy with respect to
municipal obligations, the interest of which is exempt from either federal income tax and New York State and New York City personal income taxes or federal income tax. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund (MYN)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">MHN seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations, the
interest on which, in the opinion of</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">As a matter of fundamental policy, under normal market conditions, BNY will invest at least 80% of its managed assets in
investments the</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">MYN seeks to achieve its investment objective by investing, as a fundamental policy, at least 80% of an aggregate of the
Fund&#146;s net assets</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">viii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="31%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund (MYN)</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">bond counsel to the issuer, is exempt from federal income tax and New York State and New York City personal income taxes
(&#147;MHN New York Municipal Bonds&#148;), except at times when the Investment Advisor considers that MHN New York Municipal Bonds of sufficient quantity and quality are unavailable at suitable prices. For the purposes of the foregoing policy,
&#147;assets&#148; are the Fund&#146;s net assets, plus the amount of any borrowings for investment purposes. To the extent that the Investment Advisor considers that suitable MHN New York Municipal Bonds are not available for investment, the Fund
may purchase municipal obligations exempt from federal income taxes but not New York personal income taxes (&#147;MHN Municipal Bonds&#148;). MHN&#146;s investments in derivatives will be counted toward the foregoing 80% policy to the extent that
they provide investment exposure to the securities included within the policy or to one or more market risk factors associated with such securities.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">income from which is exempt from federal income tax and New York State and New York City personal income taxes (except that
interest may be subject to the alternative minimum tax). For the purposes of the foregoing policy, &#147;managed assets&#148; are BNY&#146;s net assets plus the amount of borrowings for investment purposes. BNY&#146;s investments in derivatives will
be counted toward the 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">(including proceeds from the issuance of any preferred stock) and the proceeds of any borrowings for investment purposes,
in a portfolio of municipal obligations issued by or on behalf of the State of New York, its political subdivisions, agencies and instrumentalities and by other qualifying instrumentalities, each of which pays interest that, in the opinion of bond
counsel to the issuer, is excludable from gross income for federal income tax purposes (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax) and exempt from New York State and New York
City personal income taxes (&#147;MYN New York Municipal Bonds&#148;). The Fund also may invest in municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or
instrumentalities, which pay interest that is excludable from gross income for federal income tax purposes, in the opinion of bond counsel to the issuer, but is not exempt from New York State and New York City personal income taxes (&#147;MYN
Municipal Bonds&#148;). Unless otherwise noted, the term &#147;MYN Municipal Bonds&#148; also includes MYN New York Municipal Bonds. MYN&#146;s investments in derivatives will be counted toward the foregoing 80% policy to the extent that they
provide investment exposure to the securities included within the policy or to one or more market risk factors associated with such securities.</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><U>Investment Grade and <FONT STYLE="white-space:nowrap">Non-Investment</FONT> Grade Securities</U></I>:
Below is a comparison of each Fund&#146;s policy with respect to investment in investment grade quality securities and <FONT STYLE="white-space:nowrap">non-investment</FONT> grade quality securities. Investment grade quality means that such bonds
are rated, at the time of investment, within the four highest grades (Baa or BBB or better by Moody&#146;s Investor Service Inc. (&#147;Moody&#146;s&#148;), S&amp;P Global Ratings (&#147;S&amp;P&#148;) or Fitch Ratings, Inc. (&#147;Fitch&#148;)) or
are unrated but judged to be of comparable quality by the Investment Advisor. Below investment grade quality means securities rated at the time of purchase Ba or below by Moody&#146;s, BB or below by S&amp;P or Fitch, or securities determined by the
Investment Advisor to be of comparable quality. Below investment grade quality is regarded as predominantly speculative with respect to the issuer&#146;s capacity to pay interest and repay principal. Such securities commonly are referred to as
&#147;high yield&#148; or &#147;junk&#148; bonds. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ix </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund (MYN)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Under normal circumstances, MHN will invest at least 80% of its net assets, plus the amount of borrowings for investment
purposes, in &#147;investment grade&#148; securities. MHN&#146;s investments in derivatives will be counted toward the foregoing 80% policy to the extent that they provide investment exposure to the securities included within the policy or to one or
more market risk factors associated with such securities. MHN may invest up to 20% of its managed assets in securities that are rated below investment grade, or are considered by the Investment Advisor to be of comparable quality, at the time of
purchase, subject to MHN&#146;s other investment policies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BNY&#146;s investment policies provide that, under normal market conditions, the Fund will invest at least 80% of its
managed assets in investment grade quality municipal bonds.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Under normal circumstances, MYN will invest at least 80% of its net assets, plus the amount of any borrowings for
investment purposes, in &#147;investment grade&#148; securities. MYN&#146;s investments in derivatives will be counted toward the Fund&#146;s 80% policy to the extent that they provide investment exposure to the securities included within the policy
or to one or more market risk factors associated with such securities. MYN may invest up to 20% of its managed assets in securities that are rated below investment grade.</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><U>Bond Maturity</U></I>: Below is a comparison of each Fund&#146;s policy with respect to bond maturity.
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund (MYN)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">MHN invests, under normal market conditions, at least 80% of its assets in municipal obligations with remaining maturities
of one year or more. MHN intends to invest primarily in long-term MHN Municipal Bonds with maturities of more than ten years. However, MHN also may invest in intermediate term MHN Municipal Bonds with maturities of between three years and ten years.
MHN also may invest from time to time in short-term MHN Municipal Bonds with maturities of less than three years. The average maturity of MHN&#146;s portfolio securities varies based upon the Investment Advisor&#146;s assessment of economic and
market conditions.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The average maturity of BNY&#146;s portfolio securities varies from time to time based upon an assessment of economic and
market conditions by the Investment Advisor. BNY&#146;s portfolio at any given time may include both long-term and intermediate-term municipal bonds.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The average maturity of MYN&#146;s portfolio securities varies from time to time based upon an assessment of economic and
market conditions by the Investment Advisor. MYN&#146;s portfolio at any given time may include both long-term and intermediate-term municipal bonds.</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><U>Leverage</U></I>: Each Fund utilizes leverage through the issuance of VRDP Shares and TOBs. See
&#147;The Acquiring Fund&#146;s Investments&#151;Investment Objective and Policies&#151;Leverage;&#148; &#147;Risk Factors and Special Considerations&#151;General Risks of Investing in the Acquiring Fund&#151;Leverage Risk;&#148; and &#147;Risk
Factors and Special Considerations&#151;General Risks of Investing in the Acquiring Fund&#151;Tender Option Bond Risk.&#148; The Acquiring Fund may continue to leverage its assets after the Closing Date of the Mergers through the use of VRDP Shares
and/or TOBs or another form of leverage. As noted above, the Board of the Acquiring Fund has authorized the redemption of up to 67% of the Fund&#146;s currently outstanding VRDP Shares on one or more occasions between April&nbsp;1, 2025 and
October<U></U>&nbsp;1, 2025, which redemption is not subject to shareholder approval of any of the Mergers. After the consummation of the Mergers, common shareholders of the Acquiring Fund, including former Target Fund common shareholders, will bear
the leverage costs associated with any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">x </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Acquiring Fund VRDP Shares and will be subject to the terms of any Acquiring Fund VRDP Shares, including that the Acquiring Fund VRDP Shares will be senior in priority to the Acquiring Fund
common shares as to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund. Please see &#147;Information about the Preferred Shares of the Funds&#148; in the Joint
Proxy Statement/Prospectus for additional information about the preferred shares of each Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The annualized dividend rates for the
preferred shares for each Fund&#146;s for the twelve-month period ended January&nbsp;31, 2025 were as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="65%"></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;Preferred&nbsp;Shares&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8195;&#8195;Rate&#8195;&#8195;&#8195;&#8195;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">VRDP&nbsp;Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4.01%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4.03%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4.22%</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Please see below a comparison of certain important ratios related to (i)&nbsp;each Fund&#146;s use of leverage
as of June&nbsp;30, 2025, (ii) the Combined Fund&#146;s estimated use of leverage, assuming only the Merger of BNY into the Acquiring Fund had taken place as of June&nbsp;30, 2025, and (iii)&nbsp;the Combined Fund&#146;s estimated use of leverage,
assuming the Mergers of all the Funds had taken place as of June&nbsp;30, 2025. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="50%"></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Ratios</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;MHN&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;BNY&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Acquiring&nbsp;Fund<BR>(MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro forma<BR></I></B><B>Combined&nbsp;Fund<BR>(BNY into<BR>MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro forma</I></B><B></B><br><B>Combined&nbsp;Fund</B><br><B>(MHN&nbsp;and&nbsp;BNY</B><br><B>into MYN)</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Asset Coverage Ratio</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">234.3%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">244.0%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">261.6%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">254.2%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">247.0%</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Regulatory Leverage Ratio<SUP STYLE="font-size:75%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;42.7%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;41.0%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;38.2%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;39.3%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;40.5%</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Effective Leverage Ratio<SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;43.4%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;42.2%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;41.3%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;41.7%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#8199;42.3%</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:16%">&nbsp;</DIV>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">(1)&#8195;&#8195;&#8195;Regulatory leverage consists of preferred shares issued by the Fund, which is a part of the Fund&#146;s capital structure. Regulatory
leverage is sometimes referred to as &#147;1940 Act Leverage&#148; and is subject to asset coverage limits set forth in the 1940 Act. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">(2)&#8195;&#8195;&#8195;Effective leverage is a Fund&#146;s effective economic leverage and includes both regulatory leverage and the leverage effects of
certain derivative investments in the Fund&#146;s portfolio. Currently, the leverage effects of TOB inverse floater holdings, in addition to any regulatory leverage, are included in effective leverage ratios. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; How will the Mergers be effected? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195; &#8195;Assuming a Merger receives the requisite shareholder approvals, as well as certain consents, confirmations and/or waivers
from various third parties, including the liquidity provider with respect to the outstanding MHN, BNY and Acquiring Fund VRDP Shares, each Merger Agreement provides for the merger of the respective Target Fund into its respective Merger Sub pursuant
to which the Target Fund&#146;s common shares will be converted into the right to receive newly issued common shares of the Acquiring Fund (although cash will be distributed in lieu of fractional common shares) and the Target Fund&#146;s VRDP
Shares, if any, will be converted into the right to receive newly issued VRDP Shares of the Acquiring Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As soon as practicable
following the completion of a Merger, the respective Merger Sub will distribute its assets to the Acquiring Fund, and the Acquiring Fund will assume the liabilities of such Merger Sub, in complete liquidation and dissolution of such Merger Sub under
applicable law. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">xi </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund will continue to operate after the Mergers as a registered, <FONT
STYLE="white-space:nowrap">non-diversified,</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company with the investment objective, investment strategies, investment policies and investment restrictions described in
the Joint Proxy Statement/Prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As a result of the Mergers, each common shareholder of MHN and BNY will receive newly issued
Acquiring Fund common shares that (except for cash payments received in lieu of fractional common shares) will have an aggregate NAV (not the market value) immediately after the Closing Date equal to the aggregate NAV (not the market value) of that
shareholder&#146;s MHN and BNY common shares immediately prior to the Closing Date. The aggregate NAV of each Fund immediately prior to the applicable Merger will reflect accrued expenses associated with such Merger.&nbsp;The value of each
Fund&#146;s net assets will be calculated net of the liquidation preference (including accumulated and unpaid dividends) of any outstanding VRDP Shares of such Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On the Closing Date of the Mergers, each outstanding VRDP Share of MHN and BNY will, without any action on the part of the holder thereof, be
converted into the right to receive one newly issued VRDP Share of the Acquiring Fund. To the extent that the Acquiring Fund issues additional VRDP Shares in the Mergers, the terms of the Acquiring Fund VRDP Shares to be issued in connection with
the Mergers will be identical or substantially identical to the terms of the Acquiring Fund&#146;s outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to the payment of dividends and the
distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund. The terms of the special rate period applicable to the newly issued Acquiring Fund VRDP Shares are expected to be identical to the terms of the
special rate period applicable to the outstanding Acquiring Fund VRDP Shares as of the Closing Date of the Merger. Such special rate period will terminate on June&nbsp;17, 2026, unless extended. A Fund may designate any succeeding subsequent rate
period of the VRDP Shares as a &#147;special rate period&#148; subject to the restrictions and requirements set forth in the governing instrument for such Fund&#146;s VRDP Shares. During a special rate period, a Fund may choose to modify the terms
of the VRDP Shares as permitted by the governing instrument for such Fund&#146;s VRDP Shares, including, for example, special provisions relating to the calculation of dividends and the redemption of the VRDP Shares. The Mergers will not result in
any changes to the terms of the Acquiring Fund&#146;s VRDP Shares currently outstanding. The terms of the Acquiring Fund&#146;s VRDP Shares may change from time to time, subject to Board approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The newly issued Acquiring Fund VRDP Shares will have terms that are similar to the terms of the outstanding Target Fund VRDP Shares, with
certain differences. While the MHN VRDP Shares have a mandatory redemption date of July&nbsp;1, 2041, and the BNY VRDP Shares have a mandatory redemption date of March&nbsp;31, 2051, the newly issued Acquiring Fund VRDP Shares are expected to have a
mandatory redemption date of May&nbsp;1, 2041. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders of the Acquiring Fund will remain shareholders of the Acquiring Fund, which
will have additional common shares and will have VRDP Shares outstanding after the Mergers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; Will I have to pay
any U.S. federal income taxes as a result of the Mergers? </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195;&#8195;Each Merger is intended to qualify as a
&#147;reorganization&#148; within the meaning of Section&nbsp;368(a) of the Code. If a Merger so qualifies, in general, common shareholders of the Target Funds will recognize no gain or loss for U.S. federal income tax purposes upon the exchange of
their common shares for Acquiring Fund Shares pursuant to their Merger (except with respect to cash received in lieu of fractional common shares). Additionally, each of MHN, BNY and the applicable Merger Sub will recognize no gain or loss for U.S.
federal income tax purposes by reason of its Merger or the liquidation of the Merger Sub. Neither the Acquiring Fund nor its shareholders will recognize any gain or loss for U.S. federal income tax purposes pursuant to the Mergers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As discussed above, shareholders of each Fund may receive distributions prior to, or after, the consummation of the Mergers, including
distributions attributable to their proportionate share of each Fund&#146;s undistributed net investment income declared prior to the consummation of the Mergers or the Combined Fund&#146;s <FONT STYLE="white-space:nowrap">built-in</FONT> gains, if
any, recognized after the Mergers, when such income and gains are eventually distributed by the Combined Fund. To the extent that such a distribution is not an &#147;exempt interest dividend&#148; (as defined in the Code), the distribution may be
taxable to shareholders for U.S. federal income tax purposes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds&#146; shareholders should consult their own tax advisers
regarding the U.S. federal income tax consequences of the Mergers, as well as the effects of state, local and <FONT STYLE="white-space:nowrap">non-U.S.</FONT> tax laws, including possible changes in tax laws. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">xii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; Will I have to pay any sales load, commission or other similar fees
in connection with the Mergers? </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195;&#8195;You will pay no sales loads or commissions in connection with the Mergers. Regardless
of whether the Mergers are completed, however, the costs associated with the Mergers, including the costs associated with the Special Meeting, will be borne directly by each of the respective Funds incurring the expense. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Common shareholders of each Fund will indirectly bear all or a portion of the costs of the Mergers. The expenses of the Mergers are estimated
to be approximately $322,000 for MHN and $367,000 for BNY. For the Acquiring Fund, the expenses of the applicable Mergers are estimated to be approximately $307,000. The actual costs associated with the Mergers may be more or less than the estimated
costs discussed herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">VRDP Holders are not expected to bear any costs of the Mergers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Neither the Funds nor the Investment Advisor will pay any direct expenses of shareholders arising out of or in connection with the Mergers
(<I>e.g.</I>, expenses incurred by the shareholder as a result of attending the Special Meeting, voting on the Mergers or other action taken by the shareholder in connection with the Mergers). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195; &#8195;&#8195;&#8195;&#8195;What shareholder approvals are required to complete the Mergers? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195; &#8195;The MHN Merger is contingent upon the following approvals: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.&#8195; &#8195;The approval of the MHN Merger Agreement and the transactions contemplated therein by MHN&#146;s common shareholders and VRDP
Holders voting as a single class; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2.&#8195; &#8195;The approval of the MHN Merger Agreement and the transactions contemplated therein and
the MHN Merger by MHN&#146;s VRDP Holders voting as a separate class; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3.&#8195; &#8195;The approval of the MHN Merger Agreement and the
transactions contemplated therein, including the issuance of additional Acquiring Fund VRDP Shares, by Acquiring Fund VRDP Holders voting as a separate class; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4.&#8195; &#8195;The approval of the Issuance with respect to the MHN Merger by the Acquiring Fund&#146;s common shareholders and Acquiring
Fund VRDP Holders voting as a single class. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The BNY Merger is contingent upon the following approvals: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.&#8195; &#8195;The approval of the BNY Merger Agreement and the transactions contemplated therein by BNY&#146;s common shareholders and VRDP
Holders voting as a single class; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2.&#8195; &#8195;The approval of the BNY Merger Agreement and the transactions contemplated therein and
the BNY Merger by BNY&#146;s VRDP Holders voting as a separate class; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3.&#8195; &#8195;The approval of the BNY Merger Agreement and the
transactions contemplated therein, including the issuance of additional Acquiring Fund VRDP Shares, by Acquiring Fund VRDP Holders voting as a separate class; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4.&#8195;&#8195;The approval of the Issuance with respect to the BNY Merger by the Acquiring Fund&#146;s common shareholders and Acquiring
Fund VRDP Holders voting as a single class. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">No Merger is contingent upon the approval of any other Merger. If a Merger is not
consummated, the Fund for which such Merger(s) was not consummated would continue to exist and operate on a standalone basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the
requisite shareholder approvals for a Merger are not obtained or a Merger is not otherwise consummated, the Board of the Fund for which such Merger(s) was not consummated may take such actions as it deems in the best
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">xiii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
interests of the Fund, including conducting additional solicitations with respect to the Merger(s) or continuing to operate the Fund as a standalone Delaware statutory trust or Maryland
corporation, as applicable, registered under the 1940 Act as a <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company advised by the Investment Advisor. The Investment Advisor may, in connection with the ongoing management
of such Fund and its product line, recommend alternative proposals to the Board of such Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In order for the Mergers to occur, each
Fund must obtain all requisite shareholder approvals with respect to the Mergers, as well as certain consents, confirmations and/or waivers from various third parties, including, in the case of MHN, BNY and the Acquiring Fund, the liquidity provider
with respect to the outstanding VRDP Shares of such Funds. Because the closing of each Merger is contingent upon the applicable Target Fund and the Acquiring Fund obtaining the requisite shareholder approvals and third-party consents and satisfying
(or obtaining the waiver of) other closing conditions, it is possible that a Merger will not occur, even if shareholders of a Fund entitled to vote on the Merger approve the Merger and such Fund satisfies all of its closing conditions, if the other
Fund does not obtain its requisite shareholder approvals or satisfy its closing conditions. Because no Merger is contingent upon another Merger, it is possible that only one of MHN or BNY will be merged into the Acquiring Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The preferred shares were issued on a private placement basis to one or a small number of institutional holders. Please see &#147;Information
about the Preferred Shares of the Funds&#148; for additional information. To the extent that one or more preferred shareholders of MHN, BNY or the Acquiring Fund owns, holds or controls, individually or in the aggregate, all or a significant portion
of such Fund&#146;s outstanding preferred shares, the preferred shareholder approval required for a Merger may turn on the exercise of voting rights by such particular preferred shareholder(s) and its (or their) determination as to the favorability
of the Merger with respect to its (or their) interests. The Funds exercise no influence or control over the determinations of such preferred shareholder(s) with respect to the Mergers; there is no guarantee that such preferred shareholder(s) will
approve the Mergers, over which it (or they) may exercise effective disposition power. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; Why is the vote of
shareholders of the Acquiring Fund being solicited in connection with the Mergers? </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195;&#8195; The rules of the NYSE (on which
the Acquiring Fund common shares are listed) require the Acquiring Fund&#146;s shareholders to approve the Issuance with respect to a Merger. If the Issuance with respect to a Merger is not approved, then the corresponding Merger will not occur.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We are also seeking the approval of each Merger Agreement and the transactions contemplated therein, including the issuance of additional
Acquiring Fund VRDP Shares, by the Acquiring Fund VRDP Holders voting as a separate class pursuant to the governing document of the Acquiring Fund VRDP Shares. If Acquiring Fund VRDP Holders do not approve a Merger Agreement as a separate class,
then the corresponding Merger will not occur. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; How does the Board of my Fund suggest that I vote? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195; &#8195;After careful consideration, the Board of your Fund unanimously recommends that you vote &#147;<B>FOR</B>&#148; the
proposal(s) relating to your Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; When and where will the Special Meeting be held? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195; &#8195;The Special Meeting will be held on October&nbsp;15, 2025, at [&#9679;] (Eastern Time). The Special Meeting will be held in
virtual meeting format only. Shareholders will not have to travel to attend the Special Meeting, but will be able to view the Special Meeting live and cast their votes by accessing a web link. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We would like to assure you of our commitment to ensuring that the joint annual meeting provides shareholders with a meaningful opportunity to
participate, including the ability to ask questions of the Boards and management. To support these efforts, we will: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Provide for
shareholders to begin logging into the Special Meeting at [&#9679;] (Eastern Time) on October&nbsp;15, 2025, thirty minutes in advance of the Special Meeting. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">xiv </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Permit shareholders attending the Special Meeting to submit questions via live webcast
during the Special Meeting by following the instructions available on the meeting website during the Special Meeting. Questions relevant to Special Meeting matters will be answered during the Special Meeting, subject to time constraints. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Engage with and respond to shareholders who ask questions relevant to Special Meeting matters that are not answered during the Special Meeting
due to time constraints. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; How do I vote my proxy? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195;&#8195; Shareholders of record of each Fund as of the close of business on [&#9679;], 2025 (the &#147;Record Date&#148;) are entitled
to notice of and to vote at the Special Meeting or any adjournment or postponement thereof. You may cast your vote by mail, phone, internet or by participating at the Special Meeting as described below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To vote by mail, please mark your vote on the enclosed proxy card and sign, date and return the card in the postage-paid envelope provided.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If you choose to vote by phone or internet, please refer to the instructions found on the proxy card accompanying the Joint Proxy
Statement/Prospectus. To vote by phone or internet, you will need the &#147;control number&#148; that appears on the proxy card. In addition, we ask that you please note the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If your shares in a Fund are registered in your name, you may attend and participate in the Special Meeting at https://meetnow.global/MgFSU5J
by entering the control number found in the shaded box in your proxy card on the date and timing of the Special Meeting. You may vote during the Special Meeting by following the instructions that will be available on the Special Meeting website
during the Special Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Also, if you are a beneficial shareholder of a Fund, you will not be able to vote at the virtual Special
Meeting unless you have registered in advance to attend the Special Meeting. To register, you must submit proof of your proxy power (legal proxy), which you can obtain from your financial intermediary or other nominee, reflecting your Fund holdings
along with your name and email address to Georgeson LLC (&#147;Georgeson&#148;), each Fund&#146;s tabulator. You may email an image of your legal proxy to
[<FONT STYLE="font-family:Times New Roman; font-size:10pt" COLOR="#0563c1"><U>shareholdermeetings@computershare.com</U></FONT><FONT STYLE="font-family:Times New Roman">]. Requests for registration must be received no later than 5:00 p.m. (Eastern
Time) three business days prior to the Special Meeting date. You will receive a confirmation email from Georgeson of your registration and a control number and security code that will allow you to vote at the Special Meeting. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Even if you plan to attend the Special Meeting, please promptly follow the enclosed instructions to submit voting instructions by telephone or
via the Internet. Alternatively, you may submit voting instructions by signing and dating each proxy card you receive, and if received by mail, returning it in the accompanying postage-paid return envelope. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; Whom do I contact for further information? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195; &#8195;You may contact your financial advisor for further information. You may also call Georgeson, the Funds&#146; proxy solicitor,
at [(866) <FONT STYLE="white-space:nowrap">413-5899].</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Q:&#8195;&#8195;&#8195;&#8195;&#8195; Will anyone contact me? </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A:&#8195; &#8195;You may receive a call from Georgeson, the proxy solicitor hired by the Funds, to verify that you received your proxy
materials, to answer any questions you may have about the proposals and to encourage you to vote your proxy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We recognize the
inconvenience of the proxy solicitation process and would not impose on you if we did not believe that the matters being proposed were important. Once your vote has been registered with the proxy solicitor, your name will be removed from the
solicitor&#146;s <FONT STYLE="white-space:nowrap">follow-up</FONT> contact list. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Your vote is very important. We encourage you as a
shareholder to participate by returning your vote as soon as possible. If enough shareholders fail to cast their votes, a Fund may not be able to hold the Special Meeting </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">xv </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>
or the vote on the applicable proposals, and will be required to incur additional solicitation costs in order to obtain sufficient shareholder participation. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Important additional information about the Mergers is set forth </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>in the accompanying Joint Proxy Statement/Prospectus. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Please read it carefully. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">xvi </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>100 Bellevue Parkway </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Wilmington, Delaware 19809 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(800) <FONT STYLE="white-space:nowrap">882-0052</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NOTICE OF JOINT SPECIAL MEETINGS OF SHAREHOLDERS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO BE HELD ON OCTOBER&nbsp;15, 2025 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Notice is hereby given that a joint special meeting of shareholders (collectively, the &#147;Special Meeting&#148;) of BlackRock MuniHoldings
New York Quality Fund, Inc. (NYSE Ticker: MHN) (&#147;MHN&#148;), BlackRock New York Municipal Income Trust (NYSE Ticker: BNY) (&#147;BNY,&#148; and together with MHN, the &#147;Target Funds&#148;) and BlackRock MuniYield New York Quality Fund, Inc.
(NYSE Ticker: MYN) (&#147;MYN&#148; or the &#147;Acquiring Fund,&#148; and collectively with MHN and BNY, the &#147;Funds,&#148; and each, a &#147;Fund&#148;) will be held on October&nbsp;15, 2025 at [&#9679;] (Eastern Time) for the following
purposes: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Proposal 1: The Merger of a Target Fund and the Acquiring Fund </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>For Shareholders of MHN: </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal
1(A)</I>: The common shareholders and holders of Variable Rate Demand Preferred Shares (&#147;VRDP Shares&#148; and the holders thereof, &#147;VRDP Holders&#148;) of MHN are being asked to vote as a single class on a proposal to approve an Agreement
and Plan of Merger among the Acquiring Fund, MHN and a wholly-owned subsidiary of the Acquiring Fund (the &#147;MHN Merger Sub&#148;) (the &#147;MHN Merger Agreement&#148;) and the transactions contemplated therein, including that MHN will merge
with and into the MHN Merger Sub, with the issued and outstanding common shares and VRDP Shares, if any, of MHN being converted into the right to receive newly issued common shares and VRDP Shares of the Acquiring Fund, respectively (the &#147;MHN
Merger&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(B)</I>: The VRDP Holders of MHN are being asked to vote as a separate class on a proposal to approve the MHN
Merger Agreement and the MHN Merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>For Shareholders of BNY: </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(C)</I>: The common shareholders and VRDP Holders of BNY are being asked to vote as a single class on a proposal to approve an
Agreement and Plan of Merger among the Acquiring Fund, BNY and a wholly-owned subsidiary of the Acquiring Fund (the &#147;BNY Merger Sub&#148;) (the &#147;BNY Merger Agreement,&#148; and together with the MHN Merger Agreement, the &#147;Merger
Agreements&#148;) and the transactions contemplated therein, including that BNY will merge with and into the BNY Merger Sub, with the issued and outstanding common shares and VRDP Shares, if any, of BNY being converted into the right to receive
newly issued common shares and VRDP Shares of the Acquiring Fund, respectively (the &#147;BNY Merger,&#148; and together with the MHN Merger, the &#147;Mergers&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(D)</I>: The VRDP Holders of BNY are being asked to vote as a separate class on a proposal to approve the BNY Merger Agreement
and the BNY Merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>For Shareholders of the Acquiring Fund: </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(E)</I>: The VRDP Holders of the Acquiring Fund are being asked to vote as a separate class on a proposal to approve the MHN
Merger Agreement, the MHN Merger, and, in connection with the MHN Merger, the issuance of additional Acquiring Fund VRDP Shares and the adoption of any new, or amendments to currently existing, Articles Supplementary as necessary in connection
therewith. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(F)</I>: The VRDP Holders of the Acquiring Fund are being asked to vote as a separate class on a proposal to
approve the BNY Merger Agreement, the BNY Merger, and, in connection with the BNY Merger, the issuance of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
additional Acquiring Fund VRDP Shares and the adoption of any new, or amendments to currently existing, Articles Supplementary as necessary in connection therewith. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Proposal 2: The Issuance of Additional Acquiring Fund Common Shares </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 2(A)</I>: The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single class on a proposal
to approve the issuance of additional common shares of the Acquiring Fund in connection with the MHN Merger (the &#147;MHN Issuance&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 2(B)</I>: The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single class on a proposal
to approve the issuance of additional common shares of the Acquiring Fund in connection with the BNY Merger (the &#147;BNY Issuance,&#148; and together with the MHN Issuance, the &#147;Issuances&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">No Merger is contingent upon the approval of any other Merger. If a Merger is not consummated, the Fund for which such Merger(s) was not
consummated would continue to exist and operate on a standalone basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders of record of each Fund as of the close of business on
[&#9679;], 2025, are entitled to notice of and to vote at the Special Meeting or any adjournment or postponement thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds are
soliciting the vote of their common shareholders on Proposal 1(A), Proposal 1(C), Proposal 2(A) and Proposal 2(B) through the joint proxy statement/prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund is separately soliciting the votes of its respective preferred shareholders on each proposal through a separate proxy statement and
not through the joint proxy statement/prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Special Meeting will be held in a virtual meeting format only. Shareholders will
not have to travel to attend the Special Meeting but will be able to view the meeting live, have a meaningful opportunity to participate, including the ability to ask questions of management, and cast their votes by accessing a web link. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>All shareholders entitled to vote at the Special Meeting are cordially invited to participate in the Special Meeting. In order to avoid
delay and additional expense for the Funds and to assure that your shares are represented, please vote as promptly as possible, regardless of whether or not you plan to attend the Special Meeting. You may vote by mail, by telephone or over the
Internet. To vote by mail, please mark, sign, date and mail the enclosed proxy card or voting instruction form. No postage is required if mailed in the United States. To vote by telephone, please call the toll-free number located on your proxy card
or voting instruction form and follow the recorded instructions. To vote over the Internet, go to the Internet address provided on your proxy card or voting instruction form and follow the instructions. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>If your shares in a Fund are registered in your name, you may attend and participate in the Special Meeting at
https://meetnow.global/MgFSU5J by entering the control number found in the shaded box on your proxy card on the date and time of the Special Meeting. You may vote during the Special Meeting by following the instructions that will be available on the
Special Meeting website during the Special Meeting. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>If you are a beneficial shareholder of a Fund (that is if you hold your Fund
shares through a bank, broker, financial intermediary or other nominee) and want to attend the Special Meeting you must register in advance of the Special Meeting. To register, you must submit proof of your proxy power (legal proxy), which you can
obtain from your financial intermediary or other nominee, reflecting your Fund holdings along with your name and email address to Georgeson LLC, each Fund&#146;s tabulator. You may email an image of your legal proxy to [<FONT
STYLE="font-family:Times New Roman" COLOR="#0563c1"><U>shareholdermeetings@computershare.com</U></FONT>]. Requests for registration must be received no later than 5:00 p.m. (Eastern Time) three business days prior to the Special Meeting date. You
will receive a confirmation email from Georgeson LLC of your registration and a control number and security code that will allow you to vote at the Special Meeting. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Even if you plan to participate in the Special Meeting, please promptly follow the enclosed instructions to submit voting instructions by
telephone or via the Internet. Alternatively, you may submit voting instructions </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>
by signing and dating each proxy card or voting instruction form you receive, and if received by mail, returning it in the accompanying postage-paid return envelope. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>The officers, directors or trustees of each Fund named as proxies by shareholders may participate in the Special Meeting by remote
communications, including, without limitation, by means of a conference telephone or similar communications equipment by means of which all persons participating in the Special Meeting can hear and be heard by each other, and the participation of
such officers, directors or trustees in the Special Meeting pursuant to any such communications system shall constitute presence at the Special Meeting. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>THE BOARD OF TRUSTEES OR BOARD OF DIRECTORS, AS APPLICABLE (EACH, A &#147;BOARD&#148;) OF EACH OF THE FUNDS RECOMMENDS THAT YOU VOTE YOUR
SHARES BY INDICATING YOUR VOTING INSTRUCTIONS ON THE ENCLOSED PROXY CARD, DATING AND SIGNING SUCH PROXY CARD AND RETURNING IT IN THE ENVELOPE PROVIDED, WHICH IS ADDRESSED FOR YOUR CONVENIENCE AND NEEDS NO POSTAGE IF MAILED IN THE UNITED STATES, OR
BY RECORDING YOUR VOTING INSTRUCTIONS BY TELEPHONE OR VIA THE INTERNET. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>THE BOARD OF EACH FUND UNANIMOUSLY RECOMMENDS THAT YOU
CAST YOUR VOTE <U>FOR</U> THE APPLICABLE MERGER AGREEMENT AND <U>FOR</U> THE APPLICABLE ISSUANCES, IN EACH CASE, AS DESCRIBED IN THE JOINT PROXY STATEMENT/PROSPECTUS FOR COMMON SHAREHOLDERS OR THE PROXY STATEMENT FOR PREFERRED SHAREHOLDERS, AS
APPLICABLE. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>IN ORDER TO AVOID THE ADDITIONAL EXPENSE OF FURTHER SOLICITATION, WE ASK THAT YOU MAIL YOUR PROXY CARD OR RECORD YOUR
VOTING INSTRUCTIONS BY TELEPHONE OR VIA THE INTERNET PROMPTLY. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the Board of each Fund </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">JOHN M. PERLOWSKI <I> </I></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>President and Chief Executive Officer of the Funds </I> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">[&#9679;], 2025 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:0%; margin-right:0%;border:solid 1px;background-color:;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>YOUR VOTE IS IMPORTANT. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PLEASE VOTE PROMPTLY BY SIGNING AND RETURNING THE ENCLOSED PROXY CARD OR BY RECORDING YOUR VOTING INSTRUCTIONS BY TELEPHONE OR VIA THE
INTERNET, NO MATTER HOW MANY SHARES YOU OWN. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE JOINT SPECIAL
MEETINGS OF SHAREHOLDERS TO BE HELD ON OCTOBER&nbsp;15, 2025. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE PROXY STATEMENT FOR THIS MEETING IS AVAILABLE AT: </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U><FONT STYLE="white-space:nowrap">HTTPS://WWW.PROXY-DIRECT.COM/BLK-34670</FONT> </U></B></P></div>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><FONT COLOR="#cc062a"><B>The information in this Joint Proxy Statement/Prospectus is not
complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This Joint Proxy Statement/Prospectus is not an offer to sell these securities and it is
not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT COLOR="#cc062a"><B>SUBJECT TO COMPLETION, DATED JULY&nbsp;16, 2025 </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>JOINT PROXY STATEMENT/PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dated [</B>&#9679;<B></B><B>], 2025 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>100 Bellevue Parkway </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Wilmington, Delaware 19809 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(800) <FONT STYLE="white-space:nowrap">882-0052</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Joint Proxy Statement/Prospectus is furnished to you as a common shareholder of BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE
Ticker: MHN) (&#147;MHN&#148;), BlackRock New York Municipal Income Trust (NYSE Ticker: BNY) (&#147;BNY&#148;) and/or BlackRock MuniYield New York Quality Fund, Inc. (NYSE Ticker: MYN) (&#147;MYN&#148; or the &#147;Acquiring Fund&#148; and
collectively with MHN and BNY, the &#147;Funds,&#148; and each, a &#147;Fund&#148;) in connection with the solicitation of proxies by each Fund&#146;s Board of Trustees or Board of Directors, as applicable (each, a &#147;Board,&#148; the members of
which are referred to as &#147;Board Members&#148;). Each of MHN and BNY may be referred to herein individually as a &#147;Target Fund&#148; or together as the &#147;Target Funds.&#148; The proxies will be voted at the joint special meetings of the
shareholders of each Fund and at any and all adjournments, postponements and delays thereof (collectively, the &#147;Special Meeting&#148;). The Special Meeting will be held on October&nbsp;15, 2025 at [&#9679;] (Eastern Time) to consider the
proposals set forth below and discussed in greater detail elsewhere in this Joint Proxy Statement/Prospectus. The Special Meeting will be held in a virtual meeting format only. Shareholders will not have to travel to attend the Special Meeting, but
will be able to view the meeting live and cast their votes by accessing a web link. If you are unable to attend the Special Meeting or any adjournment or postponement thereof, the Board of your Fund recommends that you vote your common shares, by
completing and returning the enclosed proxy card or by recording your voting instructions by telephone or via the internet. The approximate mailing date of this Joint Proxy Statement/Prospectus and accompanying form of proxy is
<B>[</B><B></B>&#9679;<B></B><B></B><B>]</B>, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The purposes of the Special Meeting are: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Proposal 1: The Merger of a Target Fund and the Acquiring Fund </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>For Shareholders of MHN: </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal
1(A)</I>: The common shareholders and holders of Variable Rate Demand Preferred Shares (&#147;VRDP Shares&#148; and the holders thereof, &#147;VRDP Holders&#148;) of MHN are being asked to vote as a single class on a proposal to approve an Agreement
and Plan of Merger among the Acquiring Fund, MHN and a wholly-owned subsidiary of the Acquiring Fund (the &#147;MHN Merger Sub&#148;) (the &#147;MHN Merger Agreement&#148;) and the transactions contemplated therein, including that MHN will merge
with and into the MHN Merger Sub, with the issued and outstanding common shares and VRDP Shares, if any, of MHN being converted into the right to receive newly issued common shares and VRDP Shares of the Acquiring Fund, respectively (the &#147;MHN
Merger&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(B)</I>: The VRDP Holders of MHN are being asked to vote as a separate class on a proposal to approve the MHN
Merger Agreement and the MHN Merger. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>For Shareholders of BNY: </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(C)</I>: The common shareholders and VRDP Holders of BNY are being asked to vote as a single class on a proposal to approve an
Agreement and Plan of Merger among the Acquiring Fund, BNY and a wholly-owned subsidiary of the Acquiring Fund (the &#147;BNY Merger Sub&#148;) (the &#147;BNY Merger Agreement,&#148; and together with the MHN Merger Agreement, the &#147;Merger
Agreements&#148;) and the transactions contemplated therein, including that BNY will merge with and into the BNY Merger Sub, with the issued and outstanding common shares and VRDP Shares, if any, of BNY being converted into the right to receive
newly issued common shares and VRDP Shares of the Acquiring Fund, respectively (the &#147;BNY Merger,&#148; and together with the MHN Merger, the &#147;Mergers&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(D)</I>: The VRDP Holders of BNY are being asked to vote as a separate class on a proposal to approve the BNY Merger Agreement
and the BNY Merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>For Shareholders of the Acquiring Fund: </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(E)</I>: The VRDP Holders of the Acquiring Fund are being asked to vote as a separate class on a proposal to approve the MHN
Merger Agreement, the MHN Merger, and, in connection with the MHN Merger, the issuance of additional Acquiring Fund VRDP Shares and the adoption of any new, or amendments to currently existing, Articles Supplementary as necessary in connection
therewith. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(F)</I>: The VRDP Holders of the Acquiring Fund are being asked to vote as a separate class on a proposal to
approve the BNY Merger Agreement, the BNY Merger, and, in connection with the BNY Merger, the issuance of additional Acquiring Fund VRDP Shares and the adoption of any new, or amendments to currently existing, Articles Supplementary as necessary in
connection therewith. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Proposal 2: The Issuance of Additional Acquiring Fund Common Shares </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 2(A)</I>: The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single class on a proposal
to approve the issuance of additional common shares of the Acquiring Fund in connection with the MHN Merger (the &#147;MHN Issuance&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 2(B)</I>: The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single class on a proposal
to approve the issuance of additional common shares of the Acquiring Fund in connection with the BNY Merger (the &#147;BNY Issuance,&#148; and together with the MHN Issuance, the &#147;Issuances&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">It is expected that the effective dates (collectively, the &#147;Closing Date&#148;) of the Mergers will be sometime during the fourth quarter
of 2025, but they may be at a different time as described herein. The term &#147;Combined Fund&#148; refers to the Acquiring Fund as the surviving Fund after the consummation of each of the Mergers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">No Merger is contingent upon the approval of any other Merger. If a Merger is not consummated, the Fund(s) for which such Merger(s) was not
consummated would continue to exist and operate on a standalone basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of each Fund has determined that including these
proposals applicable to common shareholders of the Funds in one Joint Proxy Statement/Prospectus will reduce costs and is in the best interest of each Fund&#146;s shareholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Distribution to the shareholders of this Joint Proxy Statement/Prospectus and the accompanying materials will commence on or about
<B>[</B><B></B>&#9679;<B></B><B></B><B>]</B>, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders of record of each Fund as of the close of business on [&#9679;], 2025
(the &#147;Record Date&#148;) are entitled to notice of and to vote at the Special Meeting or any adjournment or postponement thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders of each Fund are entitled to one vote for each common share or VRDP Share, as applicable, (each, a &#147;Share&#148;), held, with
no Shares having cumulative voting rights. Preferred shareholders of each Fund will have equal voting rights with the common shareholders of such Fund with respect to the proposals that require the vote of the
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Fund&#146;s VRDP Shares and common shares as a single class. The quorum and voting requirements for each Fund are described in the section herein entitled &#147;Voting Information and
Requirements.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Joint Proxy Statement/Prospectus is only being delivered to the common shareholders of each Fund. Each Fund is
separately soliciting the votes of its respective preferred shareholders on each of the foregoing proposals that require the vote of preferred shareholders through a separate proxy statement and not through this Joint Proxy Statement/Prospectus.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN and the Acquiring Fund are each incorporated as a Maryland corporation and BNY is formed as a Delaware statutory trust. Each of MHN
and the Acquiring Fund is a <FONT STYLE="white-space:nowrap">non-diversified,</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company registered under the Investment Company Act of 1940, as amended (the &#147;1940
Act&#148;). BNY is a diversified, <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company registered under the 1940 Act. The Mergers seek to achieve certain economies of scale and other operational efficiencies by combining
three funds that have similar investment objectives and similar investment strategies, policies and restrictions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Assuming each of the
Mergers receives the necessary approvals, the issued and outstanding common shares and VRDP Shares, if any, of each Target Fund will be converted into the right to receive newly issued common shares and VRDP Shares of the Acquiring Fund,
respectively, on the Closing Date of the Mergers. The Acquiring Fund will list the newly issued common shares on the New York Stock Exchange (the &#147;NYSE&#148;). The Acquiring Fund will continue to operate after the Mergers as a registered, <FONT
STYLE="white-space:nowrap">non-diversified,</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company with the investment objective, investment strategies, investment policies and investment restrictions described in
this Joint Proxy Statement/Prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Fund(s) in which you owned Shares on the Record Date is named on the proxy card. If you owned
Shares in more than one Fund on the Record Date, you may receive more than one proxy card. Even if you plan to attend the Special Meeting, please sign, date and return EACH proxy card you receive or, if you provide voting instructions by telephone
or via the Internet, please vote on each proposal affecting EACH Fund you own. If you vote by telephone or via the Internet, you will be asked to enter a unique code that has been assigned to you, which is printed on your proxy card(s). This code is
designed to confirm your identity, provide access into the voting website and confirm that your voting instructions are properly recorded. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">All properly executed proxies received prior to the Special Meeting will be voted in accordance with the instructions marked thereon or
otherwise as provided therein. On any matter coming before the Special Meeting as to which a shareholder has specified a choice on that shareholder&#146;s proxy, the Shares will be voted accordingly. If a proxy card is properly executed and returned
and no choice is specified with respect to a proposal, the Shares will be voted &#147;FOR&#148; the proposal. Shareholders who execute proxies or provide voting instructions by telephone or via the Internet may revoke them with respect to a proposal
at any time before a vote is taken on the proposal by filing with the applicable Fund a written notice of revocation (addressed to the Secretary of the Fund at the principal executive offices of the Fund at the New York address provided herein), by
delivering a duly executed proxy bearing a later date or by attending the Special Meeting and voting by ballot, in all cases prior to the exercise of the authority granted in the proxy card. Merely attending the Special Meeting, however, will not
revoke any previously executed proxy. If you hold Shares through a bank or other intermediary, please consult your bank or intermediary regarding your ability to revoke voting instructions after such instructions have been provided. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>If your shares in a Fund are registered in your name, you may attend and participate in the Special Meeting at
https://meetnow.global/MgFSU5J by entering the control number found in the shaded box on your proxy card on the date and time of the Special Meeting. You may vote during the Special Meeting by following the instructions that will be available on the
Special Meeting website during the Special Meeting. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>The Special Meeting will provide shareholders with a meaningful opportunity to
participate, including the ability to ask questions of management. To support these efforts, the Funds will: </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Provide for shareholders to begin logging into the Special Meeting at [</B>&#9679;<B></B><B>] (Eastern
Time) on October&nbsp;15, 2025, thirty minutes in advance of the Special Meeting. </B></P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Permit shareholders attending the Special Meeting to submit questions via live webcast during the Special
Meeting by following the instructions available on the meeting website during the Special Meeting. Questions relevant to Special Meeting matters will be answered during the Special Meeting, subject to time constraints. </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Engage with and respond to shareholders who ask questions relevant to Special Meeting matters that are not
answered during the Special Meeting due to time constraints. </B></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>If you are a beneficial shareholder of a Fund (that
is if you hold your Fund shares through a bank, broker, financial intermediary or other nominee) and want to attend the Special Meeting you must register in advance of the Special Meeting. To register, you must submit proof of your proxy power
(legal proxy), which you can obtain from your financial intermediary or other nominee, reflecting your Fund holdings along with your name and email address to Georgeson LLC, each Fund&#146;s tabulator. You may email an image of your legal proxy to [<FONT
STYLE="font-family:Times New Roman" COLOR="#0563c1"><U>shareholdermeetings@computershare.com</U></FONT>]. Requests for registration must be received no later than 5:00 p.m. (Eastern Time) three business days prior to the Special Meeting date. You
will receive a confirmation email from Georgeson LLC of your registration and a control number and security code that will allow you to vote at the Special Meeting. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Even if you plan to attend the Special Meeting, please promptly follow the enclosed instructions to submit voting instructions by telephone
or via the Internet. Alternatively, you may submit voting instructions by signing and dating each proxy card you receive, and if received by mail, returning it in the accompanying postage-paid return envelope. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For information regarding how to access the Special Meeting, please contact Georgeson LLC, the firm assisting us in the solicitation of
proxies, toll free at [(866) <FONT STYLE="white-space:nowrap">413-5899].</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Joint Proxy Statement/Prospectus sets forth
concisely the information that common shareholders of each Fund should know before voting on the proposals set forth herein. Please read it carefully and retain it for future reference. A Statement of Additional Information, dated [&#9679;], 2025,
relating to this Joint Proxy Statement/Prospectus (the &#147;Statement of Additional Information&#148;) has been filed with the United States Securities and Exchange Commission (the &#147;SEC&#148;) and is incorporated herein by reference. Copies of
each Fund&#146;s most recent annual report and semi-annual report can be obtained on a website maintained by BlackRock, Inc. (&#147;BlackRock&#148;) at www.blackrock.com. In addition, each Fund will furnish, without charge, a copy of the Statement
of Additional Information, or its most recent annual report or semi-annual report to any shareholder upon request. Any such request should be directed to BlackRock by calling (800) <FONT STYLE="white-space:nowrap">882-0052</FONT><B> </B>or by
writing to the respective Fund at 100 Bellevue Parkway, Wilmington, Delaware 19809. The Statement of Additional Information and the annual and semi-annual reports of each Fund are available on the EDGAR Database on the SEC&#146;s website at
www.sec.gov. The address of the principal executive offices of the Funds is 100 Bellevue Parkway, Wilmington, Delaware 19809, and the telephone number is (800) <FONT STYLE="white-space:nowrap">882-0052.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund is subject to the informational requirements of the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) and the 1940 Act
and, in accordance therewith, file reports, proxy statements, proxy materials and other information with the SEC. Materials filed with the SEC can be downloaded from the SEC&#146;s website at www.sec.gov. You may also request copies of these
materials, upon payment at the prescribed rates of a duplicating fee, by electronic request to the SEC&#146;s <FONT STYLE="white-space:nowrap">e-mail</FONT> address (publicinfo@sec.gov). Reports, proxy statements and other information concerning the
Funds may also be inspected at the offices of the NYSE, 20 Broad Street, New York, New York 10005. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock updates performance
information and certain other data for the Funds on a monthly basis on its website in the <FONT STYLE="white-space:nowrap">&#147;Closed-End</FONT> Funds&#148; section of www.blackrock.com as well as certain other material information as necessary
from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. References to BlackRock&#146;s website are intended to allow investors public
access to information regarding the Funds and do not, and are not intended to, incorporate BlackRock&#146;s website in this Joint Proxy Statement/Prospectus. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iv </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Please note that only one copy of shareholder documents, including annual or semi-annual
reports and proxy materials, may be delivered to two or more shareholders of the Funds who share an address, unless the Funds have received instructions to the contrary. This practice is commonly called &#147;householding&#148; and it is intended to
reduce expenses and eliminate duplicate mailings of shareholder documents. Mailings of your shareholder documents may be householded indefinitely unless you instruct us otherwise. To request a separate copy of any shareholder document or for
instructions as to how to request a separate copy of these documents or as to how to request a single copy if multiple copies of these documents are received, shareholders should contact the respective Fund at the address and phone number set forth
above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The common shares of BlackRock MuniHoldings New York Quality Fund, Inc. are listed on the NYSE under the ticker symbol
&#147;MHN&#148; and the common shares of BlackRock New York Municipal Income Trust are listed on the NYSE under the ticker symbol &#147;BNY.&#148; The common shares of BlackRock MuniYield New York Quality Fund, Inc. are listed on the NYSE under the
ticker symbol &#147;MYN&#148; and will continue to be so listed after the completion of the Mergers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>This Joint Proxy
Statement/Prospectus serves as a prospectus of the Acquiring Fund in connection with each Issuance. No person has been authorized to give any information or make any representation not contained in this Joint Proxy Statement/Prospectus and, if so
given or made, such information or representation must not be relied upon as having been authorized. This Joint Proxy Statement/Prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction
in which, or to any person to whom, it is unlawful to make such offer or solicitation. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>&#8199;THE SEC HAS NOT APPROVED OR
DISAPPROVED THESE SECURITIES OR PASSED UPON THE ADEQUACY OF THIS JOINT PROXY STATEMENT/PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">v </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc"></A>TABLE OF CONTENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>JOINT PROXY STATEMENT/PROSPECTUS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2"></TD>
<TD HEIGHT="2" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_1">SUMMARY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_2">EXPENSE TABLE FOR COMMON SHAREHOLDERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_3">RISK FACTORS AND SPECIAL CONSIDERATIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_4">Comparison of Risks</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_5">Risks Related to the Mergers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_6">General Risks of Investing in the Acquiring Fund</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_7">INFORMATION ABOUT THE MERGERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_8">Description of the Mergers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_9">The Board&#146;s Recommendation</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_10">Reasons for the Mergers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_11">Terms of the Merger Agreements</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_12">Appraisal Rights</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_13">Description of Common Shares to Be Issued by the Acquiring
Fund</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_14">Description of VRDP Shares to Be Issued by the Acquiring Fund</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_15">THE FUNDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_16">THE ACQUIRING FUND&#146;S INVESTMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_17">THE TARGET FUNDS&#146; INVESTMENT OBJECTIVES AND POLICIES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_18">MANAGEMENT OF THE FUNDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_19">The Board of Trustees or Board of Directors and Officers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_20">The Investment Advisor</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_21">Portfolio Management</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">118</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_22">Portfolio Transactions with Affiliates</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_23">Other Service Providers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_24">Accounting Agent</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_25">Custody of Assets</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_26">Transfer Agent, Dividend Disbursing Agent and Registrar</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_27">VRDP Shares Tender and Paying Agent</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_28">VRDP Shares Liquidity Provider</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_29">VRDP Shares Remarketing Agent</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_30">INFORMATION ABOUT THE COMMON SHARES OF THE FUNDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_31">General</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_32">Purchase and Sale of Common Shares</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_33">Common Share Price Data</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_34">Performance Information</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">vi </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_35">INFORMATION ABOUT THE PREFERRED SHARES OF THE FUNDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_36">FINANCIAL HIGHLIGHTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_37">DIVIDENDS AND DISTRIBUTIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">142</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_38">General</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">142</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_39">Undistributed Net Investment Income</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_40">Restrictions on Distributions to Common Shares</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_41">Tax Treatment of Distributions</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_42">AUTOMATIC DIVIDEND REINVESTMENT PLAN</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">145</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_43">CERTAIN PROVISIONS OF THE AGREEMENT AND DECLARATION OF TRUST, CHARTERS AND BYLAWS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_44">GOVERNING LAW</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_45">CONVERSION TO <FONT STYLE="white-space:nowrap">OPEN-END</FONT>
FUND</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_46">CAPITALIZATION TABLE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">150</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_47">VOTING RIGHTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_48">APPRAISAL RIGHTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_49">U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE MERGERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">153</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_50">VOTING INFORMATION AND REQUIREMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_51">Record Date</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_52">Proxies</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_53">Voting Requirement for Proposal 1: The Mergers of the Funds</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_54">Voting Requirement for Proposal 2: The Issuance of Acquiring Fund Common Shares</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_55">SHAREHOLDER INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_56">SHAREHOLDER PROPOSALS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_57">STANDSTILL AGREEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_58">SOLICITATION OF PROXIES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_59">LEGAL MATTERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_60">INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_61">OTHER MATTERS WITH RESPECT TO THE MEETING</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_62">ADJOURNMENTS AND POSTPONEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_63">PRIVACY PRINCIPLES OF THE FUNDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_64">OTHER INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_65">APPENDIX A FORM OF AGREEMENT AND PLAN OF MERGER</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">A-1</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc61427_66">APPENDIX B FUNDAMENTAL AND <FONT STYLE="white-space:nowrap">NON-FUNDAMENTAL</FONT> INVESTMENT
 RESTRICTIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">B-1</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">vii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_1"></A>SUMMARY </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>The following is a summary of certain information contained elsewhere in this Joint Proxy Statement/Prospectus and in the Statement of
Additional Information and is qualified in its entirety by reference to the more complete information contained in this Joint Proxy Statement/Prospectus and in the Statement of Additional Information. Shareholders should read the entire Joint Proxy
Statement/Prospectus carefully. </I></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>The Mergers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Assuming all of the Mergers receive the requisite shareholder approvals, as well as certain consents, confirmations and/or
waivers from various third parties, including the liquidity provider with respect to the outstanding MYN and BNY preferred shares, each Merger Agreement provides for the merger of the Target Fund with and into its respective Merger Sub. <I>Each
Merger Sub has been formed for the sole purpose of consummating its respective Merger and will not commence operations prior to the closing of the respective Merger, except as necessary to facilitate the Merger. As soon as practicable following the
completion of its respective Merger, the Merger Sub will distribute its assets to the Acquiring Fund, and the Acquiring Fund will assume the liabilities of the Merger Sub, in complete liquidation and dissolution of the Merger Sub under Delaware law
or Maryland law, as applicable. </I>The Acquiring Fund will continue to operate after the Mergers as a registered, <FONT STYLE="white-space:nowrap">non-diversified,</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment
company with the investment objective, investment strategies, investment policies and investment restrictions described in this Joint Proxy Statement/Prospectus.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">As of the effective time of each Merger, each common share and each VRDP Share, if any, of the respective Target Fund
outstanding immediately prior to the effective time shall be converted into the right to receive common shares and VRDP Shares, respectively, of the Acquiring Fund. The number of common shares of the Acquiring Fund that common shareholders of the
Target Fund receive will be based on the net asset value (&#147;NAV&#148;) of the Target Fund relative to the NAV of the Acquiring Fund, in each case immediately prior to the closing of the Merger. MHN and BNY VRDP Holders, if any, will receive on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis one newly issued VRDP Share of the Acquiring Fund. As of the effective time of the Merger, all right, title and interest in the assets of the Target
Fund shall vest in the Merger Sub, and the Merger Sub shall be liable for all liabilities and obligations of the Target Fund.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">As a result of the Mergers, each common shareholder of MHN and BNY will own Acquiring Fund common shares that (except for
cash payments received in lieu of fractional common shares) will have an aggregate NAV (not the market value) immediately after the Closing Date equal to the aggregate NAV (not the market value) of that shareholder&#146;s MHN and BNY common shares
immediately prior to the Closing Date. The aggregate NAV of each Fund immediately prior to the applicable Merger will reflect accrued expenses associated with such Merger.&nbsp;The value of each Fund&#146;s net assets will be calculated net of the
liquidation preference (including accumulated and unpaid dividends) of any outstanding VRDP Shares of such Fund.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On the Closing Date of the Mergers, each outstanding VRDP Share of MHN and BNY will, without any action on the part of the
holder thereof, be converted into the right to receive one newly issued VRDP Share of the Acquiring Fund. To the extent that the Acquiring Fund issues additional VRDP Shares in the Mergers, the terms of the Acquiring Fund VRDP Shares to be issued in
connection with the Mergers will be identical or substantially identical to the terms of the Acquiring Fund&#146;s outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to the payment of dividends
and the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund. The terms of the special rate period applicable to the newly issued Acquiring Fund VRDP Shares are expected to be identical to the terms
of the special rate period applicable to the outstanding Acquiring Fund VRDP Shares as of the Closing Date of the Merger. A Fund may designate any succeeding subsequent rate period of the VRDP Shares as a &#147;special rate period&#148; subject to
the restrictions and requirements set forth in the</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">governing instrument for such Fund&#146;s VRDP Shares. During a special rate period, a Fund may choose to modify the terms
of the VRDP Shares as permitted by the governing instrument for such Fund&#146;s VRDP Shares, including, for example, special provisions relating to the calculation of dividends and the redemption of the VRDP Shares. The VRDP Shares of the Acquiring
Fund are currently in a special rate period that will end on June&nbsp;17, 2026, unless extended. The Mergers will not result in any changes to the terms of the Acquiring Fund&#146;s VRDP Shares currently outstanding. The terms of the Acquiring
Fund&#146;s VRDP Shares may change from time to time, subject to Board approval.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The newly issued Acquiring Fund VRDP Shares will have terms that are similar to the terms of the outstanding Target Fund
VRDP Shares, with certain differences. While the MHN VRDP Shares have a mandatory redemption date of July&nbsp;1, 2041, and the BNY VRDP Shares have a mandatory redemption date of March&nbsp;31, 2051, the newly issued Acquiring Fund VRDP Shares are
expected to have a mandatory redemption date of May&nbsp;1, 2041.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Subject to the requisite approval of the requisite shareholders of each Fund with respect to its respective Merger, as well
as certain consents, confirmations and/or waivers from various third parties, including the liquidity provider with respect to the outstanding VRDP Shares of each Fund, it is expected that the Closing Date of the Mergers will be sometime during the
fourth quarter of 2025, but it may be at a different time as described herein.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">None of the Mergers is contingent upon the approval of any other Merger. If the requisite shareholder approvals for a
Merger are not obtained, or a Merger is not otherwise consummated, the Board of the Fund for which such Merger(s) was not consummated may take such actions as it deems in the best interests of the Fund, including conducting additional solicitations
with respect to the Merger(s) or continuing to operate the Fund as a standalone Delaware statutory trust or Maryland corporation, as applicable, registered under the 1940 Act as a <FONT STYLE="white-space:nowrap">closed-end</FONT> management
investment company advised by BlackRock Advisors, LLC (the &#147;Investment Advisor&#148;). The Investment Advisor may, in connection with the ongoing management of such Fund and its product line, recommend alternative proposals to the Board of such
Fund.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Background and Reasons for the Mergers</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The proposed Mergers seek to achieve certain economies of scale and other operational efficiencies by combining three funds
that have similar investment objectives and similar investment strategies, policies and restrictions and are managed by the same investment adviser.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The proposed Mergers are intended to result in the following potential benefits to common shareholders: (i)&nbsp;lower net
total expenses (excluding leverage expenses and Acquiring Fund extraordinary expenses) per Common Share for common shareholders of each Fund (as common shareholders of the Combined Fund following the Mergers) due to economies of scale resulting from
the larger size of the Combined Fund; (ii)&nbsp;improved net earnings yield on NAV for common shareholders of each Fund; (iii)&nbsp;improved secondary market trading of the common shares of the Combined Fund; and (iv)&nbsp;operating and
administrative efficiencies for the Combined Fund, including the potential for the following: (a)&nbsp;the ability to trade in larger positions and more favorable transaction terms; (b)&nbsp;additional sources of leverage or more competitive
leverage terms and more favorable transaction terms; (c)&nbsp;benefits from having fewer <FONT STYLE="white-space:nowrap">closed-end</FONT> funds offering similar products in the market, including an increased focus by investors on the remaining
funds in the market (including the Combined Fund) and additional research coverage; and (d)&nbsp;benefits from having fewer similar funds in the same fund complex, including a simplified operational model and a reduction in risk of operational,
legal and financial errors.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Board of each Fund, including the Board Members who are not &#147;interested persons&#148; of each Fund (as defined in
the 1940 Act) (the &#147;Independent Board Members&#148;), has unanimously approved the Mergers, concluding that the Mergers are in the best interests of</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">its Fund and that the interests of existing common shareholders and preferred shareholders of its Fund will not be diluted
with respect to NAV and liquidation preference, respectively, as a result of the Mergers. As a result of the Mergers, however, common and preferred shareholders of each Fund may hold a reduced percentage of ownership in the larger Combined Fund than
they did in any of the individual Funds before the Mergers. Each Board&#146;s conclusion was based on each Board Member&#146;s business judgment after consideration of all relevant factors taken as a whole with respect to its Fund and the
Fund&#146;s common and preferred shareholders, although individual Board Members may have placed different weight on various factors and assigned different degrees of materiality to various factors. Please see &#147;Information About the
Mergers&#151;Reasons for the Mergers&#148; for additional information about the factors considered by each Board.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Because the shareholders of each Fund will vote separately on the Fund&#146;s respective Merger(s) or Issuances, as
applicable, there are multiple potential combinations of Mergers. To the extent that any Merger is not completed, any expected expense savings by the Combined Fund, or other potential benefits resulting from the Mergers, may be
reduced.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Net and Managed Assets</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">As of [&#9679;], 2025, MHN had approximately $[&#9679;]&nbsp;million in net assets and approximately
$[&#9679;]&nbsp;million in managed assets, BNY had approximately $[&#9679;]&nbsp;million in net assets and approximately $[&#9679;]&nbsp;million in managed assets, and the Acquiring Fund had approximately $[&#9679;]&nbsp;million in net assets and
approximately $[&#9679;]&nbsp;million in managed assets. &#147;Managed assets&#148; means the total assets of the relevant Fund, including any assets attributable to VRDP Shares and tender option bond (&#147;TOB&#148;) trusts, minus the sum of
accrued liabilities.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Total Expenses and&nbsp;Management Fees</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">In the Investment Advisor&#146;s view, the most likely combination is the Merger of all of the Funds, which is also
expected to result in the lowest Total Expense Ratio for the Combined Fund. If the only Merger discussed in this Joint Proxy Statement/Prospectus that is completed is the Merger of BNY into the Acquiring Fund, the Combined Fund would be expected to
have a higher Total Expense Ratio than if any other combination of Mergers were completed. For the twelve-month period ended January&nbsp;31, 2025, any combination of Mergers is expected to result in a Total Expense Ratio <I>(excluding leverage
expenses and extraordinary expenses)</I> for the Combined Fund that is lower than the Total Expense Ratio <I>(excluding leverage expenses and extraordinary expenses)</I> of each Target Fund. &#147;Total Expenses&#148; means a Fund&#146;s total
annual operating expenses. &#147;Total Expense Ratio&#148; means a Fund&#146;s Total Expenses expressed as a percentage of its average net assets attributable to its common shares.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Each Fund and the Investment Advisor have entered into a fee waiver agreement (the &#147;Fee Waiver Agreement&#148;),
pursuant to which the Investment Advisor has contractually agreed to waive the management fee with respect to any portion of each Fund&#146;s assets attributable to investments in any equity and fixed-income mutual funds and exchange-traded funds
(&#147;ETFs&#148;) managed by the Investment Advisor or its affiliates and other exchange-traded products sponsored by the Investment Advisor or its affiliates, in each case that have a contractual management fee, through June&nbsp;30, 2027 (the
&#147;Affiliated Mutual Fund and ETF Waiver&#148;). In addition, pursuant to the Fee Waiver Agreement, the Investment Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees each Fund pays to the
Investment Advisor indirectly through its investment in money market funds advised by the Investment Advisor or its affiliates, through June&nbsp;30, 2027 (the &#147;Affiliated Money Market Fund Waiver&#148; and together with the Affiliated Mutual
Fund and ETF Waiver, the &#147;Affiliated Fund Waiver&#148;). The Fee Waiver Agreement may be continued from year to year thereafter, provided that such continuance is specifically approved by the Investment Advisor and each Fund (including by a
majority of each Fund&#146;s Independent Board Members). Neither the Investment Advisor nor the Funds are obligated to extend the Fee Waiver Agreement. The Fee Waiver Agreement may be terminated at any time,
without</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">the payment of any penalty, only by each Fund (upon the vote of a majority of the Independent Board Members or a majority of
the outstanding voting securities of each Fund), upon 90 days&#146; written notice by each Fund to the Investment Advisor.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to MHN, the Investment Advisor has voluntarily agreed to waive its investment advisory fee on the proceeds of the VRDP Shares and
TOB Trusts that exceed 35% of total assets minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding VRDP Shares) (the &#147;MHN Voluntary Waiver&#148;).
The MHN Voluntary Waiver may be reduced or discontinued at any time without notice.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to each Fund, effective May&nbsp;1, 2024, the Investment Advisor voluntarily agreed to waive a portion of its investment advisory
fee attributable to each Fund&#146;s outstanding VRDP Shares for each month in which the monthly dividend on the Fund&#146;s VRDP Shares exceeds the calculated value of the Fund&#146;s gross monthly income attributable to investments from the
proceeds of the VRDP Shares (determined by multiplying the Fund&#146;s gross monthly income by the ratio of (i)&nbsp;the liquidation preference of any outstanding VRDP Shares to (ii)&nbsp;total assets of the Fund minus the sum of its accrued
liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding VRDP Shares)) (the &#147;VRDP Voluntary Waiver&#148;). This VRDP Voluntary Waiver may be reduced or discontinued at any time
without notice. In addition, each Fund received its pro rata portion of a <FONT STYLE="white-space:nowrap">one-time</FONT> aggregate $2&nbsp;million voluntary advisory fee waiver.</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For the twelve-month period ended January&nbsp;31, 2025,
for MHN, BNY, the Acquiring Fund, the Combined Fund if only the BNY Merger is completed, and the Combined Fund if all Mergers are completed, the historical and <I>pro forma</I> Total Expense Ratios <I>(without giving effect to the MHN Voluntary
Waiver and/or the VRDP Voluntary Waiver and excluding extraordinary expenses)</I> applicable to the Mergers are as follows:</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Total Expense Ratios Excluding Leverage Expenses</B></P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="3" ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;MHN&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;BNY&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;Acquiring&#8194;</B><br><B>Fund</B><br><B>(MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro&nbsp;Forma<BR></I></B><B>Combined<BR>Fund&nbsp;(BNY<BR>into&nbsp;MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro forma</I></B><B></B><br><B>Combined</B><br><B>Fund</B><br><B>(MHN&#8201;and</B><br><B>BNY into</B><br><B>MYN)</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">1.03%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">1.01%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0.88%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0.87%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0.86%</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; margin-left:16%; font-size:10pt; font-family:Times New Roman"><B>&#8201;&#8201;&#8201;Total Expense Ratios Including Leverage Expenses </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="3" ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;MHN&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;BNY&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;Acquiring&#8194;</B><br><B>Fund</B><br><B>(MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro&nbsp;Forma<BR></I></B><B>Combined<BR>Fund&nbsp;(BNY<BR>into&nbsp;MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro forma</I></B><B></B><br><B>Combined</B><br><B>Fund</B><br><B>(MHN&#8201;and</B><br><B>BNY into</B><br><B>MYN)</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">3.86%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">3.63%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">3.22%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">3.33%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">3.44%</TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Each Fund&#146;s Total Expenses include leverage expenses associated with such Fund&#146;s TOBs and VRDP Shares. The Funds
estimate that the completion of all of the Mergers would result in a Total Expense Ratio <I>(excluding leverage expenses and extraordinary expenses) </I>for the Combined Fund of 0.86%
on</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a historical and <I>pro forma</I> basis for the twelve-month period ended January&nbsp;31, 2025, representing a reduction
in the Total Expense Ratios <I>(excluding leverage expenses and extraordinary expenses) </I>for the common shareholders of MHN, BNY and the Acquiring Fund by 0.17%, 0.15% and 0.02%, respectively. After giving effect to the MHN Voluntary Waiver and
the VRDP Voluntary Waiver (each of which may be reduced or discontinued at any time without notice) and the <FONT STYLE="white-space:nowrap">one-time</FONT> voluntary advisory fee waiver, as applicable, the Total Expense Ratio <I>(excluding leverage
expenses and extraordinary expenses</I>) for the common shareholders of each Fund is expected to decrease.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds estimate that the completion of all of the Mergers would result in a Total Expense Ratio <I>(including leverage
expenses and excluding extraordinary expenses) </I>for the Combined Fund of 3.44% on a historical and <I>pro forma </I>basis for the twelve-month period ended January&nbsp;31, 2025, representing a reduction in the Total Expense Ratio <I>(including
leverage expenses and excluding extraordinary expenses</I>) for the common shareholders of MHN and BNY by 0.42% and 0.19%, respectively, and an increase in the Total Expense Ratio <I>(including leverage expenses and excluding extraordinary
expenses</I>) for the common shareholders of the Acquiring Fund by 0.22%. After giving effect to the MHN Voluntary Waiver and the VRDP Voluntary Waiver (each of which may be reduced or discontinued at any time without notice) and the <FONT
STYLE="white-space:nowrap">one-time</FONT> voluntary advisory fee waiver, as applicable, the Total Expense Ratio <I>(including leverage expenses and excluding extraordinary expenses</I>) for the common shareholders of each Fund is expected to
decrease.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN currently pays the Investment Advisor a
monthly fee at an annual rate equal to 0.55% of the average daily value of its net assets. The Acquiring Fund currently pays the Investment Advisor a monthly fee at an annual rate equal to 0.50% of its average daily value of its net assets. For
purposes of calculating these fees, &#147;net assets&#148; mean the total assets of the Fund minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding
preferred shares). It is understood that the liquidation preference of any outstanding preferred shares (other than accumulated dividends) and TOB Trusts is not considered a liability in determining a Fund&#146;s NAV. BNY currently pays the
Investment Advisor a monthly fee at an annual rate equal to 0.55% of the average weekly value of its managed assets. For the purposes of calculating these fees, for BNY, &#147;managed assets&#148; are determined as total assets of the Fund
(including any assets attributable to money borrowed for investment purposes) less the sum of its accrued liabilities (other than money borrowed for investment purposes).</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Mergers are consummated, the annual contractual
investment management fee rate of the Acquiring Fund will be the annual contractual investment management fee rate of the Combined Fund, which will be 0.50% of the average daily value of net assets (as defined above) of the Combined Fund. The
Combined Fund will have a lower annual contractual investment management fee than each of MHN and BNY, and the same annual contractual investment management fee rate as the Acquiring Fund. Please see &#147;Expense Table For Common Shareholders&#148;
in this Joint Proxy Statement/Prospectus for additional information.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Based on a <I>pro forma</I> Broadridge peer expense universe for the Combined Fund, the estimated total annual fund expense ratio <I>(excluding
leverage expenses and extraordinary expenses)</I> and the actual investment management fee rate (without giving effect to the VRDP Voluntary Waiver and/or MHN Voluntary Waiver) over total assets are each expected to be in the first quartile. Each
fund in the Broadridge peer expense universe is placed in one of four quartiles for each relevant comparison, with the first quartile including funds with the lowest relative expenses and the fourth quartile including funds with the highest relative
expenses.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The level of expense savings (or increases)
will vary depending on the combination of the Funds in the Mergers, and furthermore, there can be no assurance that future expenses will not increase or that any expense savings for any Fund will be realized as a result of any Merger.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Earnings, Distributions and</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Earnings and Distribution Rate</I>: The Combined Fund&#146;s net earnings yield on NAV for common shareholders following
the Mergers are expected to be potentially higher than</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Undistributed Net Investment Income</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">the current net earnings yield on NAV for each Fund. The distribution level of any fund is subject to change based upon a
number of factors, including the current and projected level of the fund&#146;s earnings, and may fluctuate over time; thus, subject to a number of other factors, including the fund&#146;s distribution policy, a higher net earnings profile may
potentially have a positive impact on such fund&#146;s distribution level over time. The Combined Fund&#146;s earnings and distribution rate on NAV will change over time, and depending on market conditions, may be higher or lower than each
Fund&#146;s earnings and distribution rate on NAV prior to the Mergers. A Fund&#146;s earnings and net investment income are variables which depend on many factors, including its asset mix, portfolio turnover level, the amount of leverage utilized
by the Fund, the costs of such leverage, the performance of its investments, the movement of interest rates and general market conditions. In addition, the Combined Fund&#146;s future earnings will vary depending upon the combination of completed
Mergers. There can be no assurance that the future earnings of a Fund, including the Combined Fund after the Mergers, will remain constant.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Distribution Policy</I>: Each Fund intends to make regular monthly cash distributions of all or a portion of its net investment income to
holders of such Fund&#146;s common shares, except as described below under &#147;Undistributed Net Investment Income.&#148; Each Fund intends to pay any capital gains distributions at least annually. A Fund&#146;s net investment income or net
realized capital gains may not be sufficient to support the level of distributions paid. To the extent that distributions exceed a Fund&#146;s current and accumulated earnings and profits in the current fiscal year, the excess may be treated as a
return of capital. A return of capital distribution may involve a return of the common shareholder&#146;s original investment. <B>Though not currently taxable, such a distribution may lower a common shareholder&#146;s basis in such Fund, thus
potentially subjecting the common shareholder to future tax consequences in connection with the sale of Fund common shares, even if sold at a loss to the common shareholder&#146;s original investment. </B>See &#147;Dividends and
Distributions&#151;Tax Treatment of Distributions.&#148; When total distributions exceed total return performance for the period, the difference will reduce a Fund&#146;s total assets and NAV and, therefore, could have the effect of increasing the
Fund&#146;s expense ratio and reducing the amount of assets the Fund has available for long-term investment.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Automatic Dividend Reinvestment:</I> Common shareholders of each Fund will automatically have all dividends and distributions reinvested in
common shares of such Fund in accordance with such Fund&#146;s dividend reinvestment plan, unless an election is made to receive cash by contacting the Reinvestment Plan Agent (as defined below), at (800)
<FONT STYLE="white-space:nowrap">699-1236.</FONT> See &#147;Automatic Dividend Reinvestment Plan.&#148;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Undistributed Net Investment Income</I>: If the Mergers are approved by shareholders, then the greater of
(1)&nbsp;substantially all of the undistributed net investment income (&#147;UNII&#148;), if any, or (2)&nbsp;the monthly distribution of each Fund is expected to be declared to such Fund&#146;s common shareholders prior to the Closing Date (the <FONT
STYLE="white-space:nowrap">&#147;Pre-Merger</FONT> Declared UNII Distributions&#148;). The declaration date, <FONT STYLE="white-space:nowrap">ex-dividend</FONT> date (the <FONT STYLE="white-space:nowrap">&#147;Ex-Dividend</FONT> Date&#148;) and
record date of the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions will occur prior to the Closing Date. However, all or a significant portion of the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII
Distributions may be paid in one or more distributions to common shareholders of the Funds entitled to such <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions after the Closing Date. Former MHN and BNY shareholders
entitled to such <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions paid after the Closing Date will receive such distributions in cash post-Merger.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Persons who purchase common shares of any of the Funds on or after the <FONT STYLE="white-space:nowrap">Ex-Dividend</FONT>
Date for the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions should not expect to receive any distributions from any Fund until distributions, if any, are declared by the Board of the Combined Fund and paid to
shareholders entitled to any such distributions. No such</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">distributions are expected to be paid by the Combined Fund until at least approximately one month following the Closing
Date.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Additionally, the Acquiring Fund, in order to
seek to provide its common shareholders with distribution rate stability, may include in its <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution amounts in excess of its undistributed net investment income and net
investment income accrued through the Closing Date. This would result in the Acquiring Fund issuing incrementally more common shares in the Mergers since its NAV as of the valuation time for the Mergers would be lower relative to a scenario where
such excess amounts were not included in the Acquiring Fund&#146;s <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent any <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution is not an &#147;exempt interest dividend&#148;
(as defined in the Code), the distribution may be taxable to shareholders for U.S. federal income tax purposes.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Premium/Discount to NAV of Common Shares</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The common shares of each Fund have historically traded at a discount. The table below sets forth the market price, NAV,
and the premium/discount to NAV of each Fund as of [&#9679;], 2025.</P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="66%"></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;Market&nbsp;Price&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8194;NAV&#8195;&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8194;Premium/&#8195;&#8194;</B><br><B>(Discount)<BR>to NAV</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]%</TD></TR>
</TABLE></DIV> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>&#8195;</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent MHN&#146;s or BNY&#146;s common shares are trading at a wider discount (or a narrower premium) than the
Acquiring Fund at the time of its Merger, MHN&#146;s and BNY&#146;s common shareholders would have the potential for an economic benefit by the narrowing of the discount or widening of the premium. To the extent MHN&#146;s or BNY&#146;s common
shares are trading at a narrower discount (or wider premium) than the Acquiring Fund at the time of its Merger, MHN&#146;s and BNY&#146;s common shareholders may be negatively impacted if its Merger is consummated. Acquiring Fund common shareholders
would only benefit from a premium/discount perspective to the extent the post-Merger discount (or premium) of the Acquiring Fund common shares improves.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There can be no assurance that, after the Mergers, common shares of the Combined Fund will trade at a narrower discount to NAV or wider premium
to NAV than the common shares of any individual Fund prior to the Mergers. Upon consummation of the Mergers, the Combined Fund common shares may trade at a price that is less than the current market price of Acquiring Fund common shares. In the
Mergers, common shareholders of MHN and BNY will receive Acquiring Fund common shares based on the relative NAVs (not the market values) of the respective Fund&#146;s common shares. The market value of the common shares of the Combined Fund may be
less than the market value of the common shares of each respective Fund prior to the Mergers.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Merger(s) are approved by shareholders, effective upon the closing of the Merger(s), the Combined Fund will adopt a discount management
program under which the Combined Fund will, beginning in 2026, intend to offer to purchase a minimum of 5% of its outstanding common shares, subject to the Board&#146;s discretion, at a price equal to 98% of NAV per common share via annual tender
offer if the Combined Fund&#146;s common shares trade at an average daily discount to NAV of more than 10.00% during a measurement period beginning on January 1st<SUP STYLE="font-size:75%; vertical-align:top"> </SUP>and concluding on September 30th
of each calendar year (the &#147;Discount Management Program&#148;). Even if a tender offer is triggered under the Discount Management Program, there is no guarantee that Combined Fund shareholders will be able to sell all
of</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the shares that they desire to sell in any particular tender offer and there can be no assurances as to the effect that the
Discount Management Program will have on the market for the Combined Fund&#146;s shares or the discount at which the Combined Fund&#146;s shares may trade relative to its NAV.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Preferred Shares</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">As of [&#9679;], each of MHN, BNY and the Acquiring Fund has VRDP Shares outstanding. As of July&nbsp;31, 2025, MHN had
[&#9679;] Series <FONT STYLE="white-space:nowrap">W-7</FONT> VRDP Shares outstanding, BNY had [&#9679;] Series <FONT STYLE="white-space:nowrap">W-7</FONT> VRDP Shares outstanding and the Acquiring Fund had [&#9679;] Series <FONT
STYLE="white-space:nowrap">W-7</FONT> VRDP Shares outstanding. See &#147;Information About the Preferred Shares of the Funds&#148; in the Joint Proxy Statement/Prospectus for additional information about the preferred shares of each
Fund.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For the twelve-month period ended January&nbsp;31, 2025, the annualized dividend rate for the VRDP Shares for MHN was 4.01%,
BNY was 4.03% and the Acquiring Fund was 4.22%.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
Board of each Fund has authorized the redemption of up to 67% of the Fund&#146;s currently outstanding VRDP Shares on one or more occasions between April&nbsp;1, 2025 and October&nbsp;1, 2025. Any such redemption is not related to a Fund&#146;s
Merger(s) or contingent on shareholder approval of a Fund&#146;s Merger(s). The timing and amount of any redemption of a Fund&#146;s currently outstanding VRDP Shares would depend on a number of factors, including, among others, the desired mix of
leverage from preferred shares versus tender option bonds (&#147;TOBs&#148;), yield levels and borrowing costs.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with the Mergers, assuming that no MHN or BNY VRDP Shares are redeemed prior to the applicable Closing Date, the Acquiring Fund
expects to issue 2,436 additional VRDP Shares to MHN VRDP Holders and 1,794 additional VRDP Shares to BNY VRDP Holders, which may be of the same Series W-7 VRDP Shares or a new series of VRDP Shares. Following the completion of the Mergers, based on
the Fund&#146;s preferred shares currently outstanding, the Combined Fund is expected to have 6,707 VRDP Shares outstanding. If any Fund partially or fully redeems its preferred shares, the Combined Fund will have fewer than 6,707 VRDP Shares
outstanding, or possibly no VRDP Shares outstanding, following the completion of the Mergers.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Assuming all of the Mergers are approved by the requisite shareholders, upon the Closing Date of the Mergers, Target Fund VRDP Holders will
receive the right to receive on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis one newly issued Acquiring Fund VRDP Share, par value $0.10 per share and with a liquidation preference of $100,000
per share (plus any accumulated and unpaid dividends that have accrued on the Target Fund VRDP Shares up to and including the day immediately preceding the Closing Date if such dividends have not been paid prior to the Closing Date), in exchange for
each Target Fund VRDP Share held by the Target Fund VRDP Holders immediately prior to the Closing Date. The newly issued Acquiring Fund VRDP Shares may be of the same series as the Acquiring Fund&#146;s outstanding VRDP Shares or a substantially
identical series. No fractional Acquiring Fund VRDP Shares will be issued. The terms of the Acquiring Fund VRDP Shares to be issued in connection with the Mergers will be identical or substantially identical to the terms of the Acquiring Fund&#146;s
outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund.
The newly issued Acquiring Fund VRDP Shares will be subject to the same special rate period (including the terms thereof) applicable to the outstanding Acquiring Fund VRDP Shares as of the Closing Date of the Merger. Such special rate period will
terminate on June&nbsp;17, 2026, unless extended. The Mergers will not result in any changes to the terms of the Acquiring Fund&#146;s VRDP Shares currently outstanding.</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The newly issued Acquiring Fund VRDP Shares will have
terms that are similar to the terms of the outstanding Target Fund VRDP Shares, with certain differences. While the MHN VRDP Shares have a mandatory redemption date of July&nbsp;1, 2041, and the BNY VRDP
Shares</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">have a mandatory redemption date of March&nbsp;31, 2051, the newly issued Acquiring Fund VRDP Shares are expected to have a
mandatory redemption date of May&nbsp;1, 2041.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">None of the expenses of the Mergers are expected to be borne by the VRDP Holders of the Funds. See
&#147;Summary&#151;Expenses of the Mergers&#148; for additional information.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">To the extent that the Acquiring Fund issues any new VRDP Shares in the Mergers, the VRDP Holders of each Fund, if any,
will be VRDP Holders of the larger Combined Fund that will have a larger asset base and more VRDP Shares outstanding than any Fund individually before the Mergers. With respect to matters requiring all preferred shareholders to vote separately or
common and preferred shareholders to vote together as a single class, following the Mergers, any VRDP Holders of the Combined Fund may hold a smaller percentage of the outstanding VRDP Shares of the Combined Fund as compared to their percentage
holdings of outstanding VRDP Shares, if any, of their respective Fund prior to the Mergers.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Please see &#147;Information about the Preferred Shares of the Funds&#148; for additional information.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Expenses of the Mergers</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Common shareholders of each Fund will indirectly bear all or a portion of the costs of the Mergers. The expenses of the
Mergers are estimated to be approximately $322,000 for MHN and $367,000 for BNY. For the Acquiring Fund, the expenses of the applicable Mergers are estimated to be approximately $307,000. The actual costs associated with the Mergers may be more or
less than the estimated costs discussed herein.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Appraisal Rights</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Shareholders of BNY do not have appraisal rights for their common or preferred shares because BNY is formed as a Delaware
statutory trust and BNY&#146;s Amended and Restated Agreement and Declaration of Trust (the &#147;Agreement and Declaration of Trust&#148;) states that the shareholders are not entitled to appraisal rights. Under Maryland law, stockholders are
entitled to demand the fair value of their shares from the successor entity in connection with a merger except where any exceptions apply, which exceptions include if any shares of the class or series are listed on a national securities exchange,
such as the common shares of MHN and the Acquiring Fund, on the Record Date. No exception exists for the Target Fund VRDP Shares and therefore the MHN VRDP Holders are entitled to demand the fair value of their VRDP Shares from the Acquiring
Fund.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>U.S. Federal Income Tax Consequences of the Mergers</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Each Merger is intended to qualify as a &#147;reorganization&#148; within the meaning of Section&nbsp;368(a) of the Code.
If a Merger so qualifies, in general, common shareholders of MHN and BNY will recognize no gain or loss for U.S. federal income tax purposes upon the exchange of their common shares for Acquiring Fund Shares pursuant to their Merger (except with
respect to cash received in lieu of fractional common shares). Additionally, each of MHN, BNY and the applicable Merger Sub will recognize no gain or loss for U.S. federal income tax purposes by reason of its Merger or upon liquidation of the Merger
Sub. Neither the Acquiring Fund nor its shareholders will recognize any gain or loss for U.S. federal income tax purposes pursuant to the Mergers.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">As discussed above, shareholders of each Fund may receive distributions prior to, or after, the consummation of the
Mergers, including distributions attributable to their proportionate share of each Fund&#146;s undistributed net investment income declared prior to the consummation of the Mergers or the Combined Fund&#146;s
<FONT STYLE="white-space:nowrap">built-in</FONT> gains, if any, recognized after the Mergers, when such income and gains are eventually distributed by the Combined Fund. To the extent that such a distribution is not an &#147;exempt interest
dividend&#148; (as defined in the Code), the distribution may be taxable to shareholders for U.S. federal income tax purposes.</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Funds&#146; shareholders should consult their own tax advisers regarding the U.S. federal income tax consequences of
the Mergers, as well as the effects of state, local and <FONT STYLE="white-space:nowrap">non-U.S.</FONT> tax laws, including possible changes in tax laws.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>General Information and History</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BNY is formed as a statutory trust under the laws of the State of Delaware. MHN and the Acquiring Fund are each
incorporated as a Maryland corporation. MHN and the Acquiring Fund are each a <FONT STYLE="white-space:nowrap">non-diversified,</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company registered under the 1940 Act.
BNY is a diversified, <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company registered under the 1940 Act.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Each Fund&#146;s principal office is located at 100 Bellevue Parkway, Wilmington, Delaware 19809, and its telephone number
is (800) <FONT STYLE="white-space:nowrap">882-0052.</FONT></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Each Fund has a July&nbsp;31 fiscal year end.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Acquiring Fund common shares are listed on the NYSE as &#147;MYN.&#148;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN common shares are listed on the NYSE as &#147;MHN.&#148;</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY common shares are listed on the NYSE as
&#147;BNY.&#148;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Each of MHN, BNY and the Acquiring Fund has VRDP Shares outstanding. Each Fund&#146;s preferred shares are not listed on a
national stock exchange and have not been registered under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), or any state securities laws, and unless so registered, may not be offered, sold, assigned, transferred, pledged,
encumbered or otherwise disposed of except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Investment Objective and Policies</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The investment objective, significant investment strategies and operating policies, and investment restrictions of the
Combined Fund will be those of the Acquiring Fund, which are similar to those of MHN and BNY, although there are some differences. For purposes of the below comparisons, as applicable, &#147;Managed Assets&#148; means a Fund&#146;s total assets
(including any assets attributable to money borrowed for investment purposes) minus the sum of the Fund&#146;s accrued liabilities (other than money borrowed for investment purposes).</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Investment Objective:</I></P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&#8194;Acquiring&nbsp;Fund&nbsp;(MYN)&#8194;</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN&#146;s investment objective is to provide shareholders with current income
exempt from federal income tax and New York State and New York City personal income taxes.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY&#146;s investment objective is to provide current income exempt from federal
income taxes.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund&#146;s investment objective is to provide shareholders with as
high a level of current income exempt from federal income taxes and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management.</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The investment objective of each of the Funds is a fundamental policy that may not be changed without a vote of a majority
of the applicable Fund&#146;s outstanding voting securities.</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Municipal Bonds:</I></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Below is a comparison of each Fund&#146;s investment policy with respect to municipal obligations, the interest of which is
exempt from either federal income tax and New York State and New York City personal income taxes or federal income tax.</P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund (MYN)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN seeks to achieve its investment objective by investing at least 80% of its
assets in municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and New York State and New York City personal income taxes (&#147;MHN New York Municipal Bonds&#148;), except at
times when the Investment Advisor considers that MHN New York Municipal Bonds of sufficient quantity and quality are unavailable at suitable prices. For the purposes of the foregoing policy, &#147;assets&#148; are the Fund&#146;s net assets, plus
the amount of any borrowings for investment purposes. To the extent that the Investment Advisor considers that suitable MHN New York Municipal Bonds are not available for investment, the Fund may purchase municipal obligations exempt from federal
income taxes but not New York personal income taxes (&#147;MHN Municipal Bonds&#148;). MHN&#146;s investments in derivatives will be counted toward the foregoing 80% policy to the extent that they provide investment exposure to the securities
included within the policy or to one or more market risk factors associated with such securities.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As a matter of fundamental policy, under normal market conditions, BNY will invest
at least 80% of its managed assets in investments the income from which is exempt from federal income tax and New York State and New York City personal income taxes (except that interest may be subject to the alternative minimum tax). For the
purposes of the foregoing policy, &#147;managed assets&#148; are BNY&#146;s net assets plus the amount of borrowings for investment purposes. BNY&#146;s investments in derivatives will be counted toward the 80% policy to the extent that they provide
investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MYN seeks to achieve its investment objective by investing, as a fundamental
policy, at least 80% of an aggregate of the Fund&#146;s net assets (including proceeds from the issuance of any preferred stock) and the proceeds of any borrowings for investment purposes, in a portfolio of municipal obligations issued by or on
behalf of the State of New York, its political subdivisions, agencies and instrumentalities and by other qualifying instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income
for federal income tax purposes (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax) and exempt from New York State and New York City personal income taxes (&#147;MYN New York Municipal
Bonds&#148;). The Fund also may invest in municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, which pay interest that is excludable
from gross income for federal income tax purposes, in the opinion of bond counsel to the issuer, but is not exempt from New York State and New York City personal income taxes (&#147;MYN Municipal
Bonds&#148;).</P></TD></TR></TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
<DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#8195;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#8195;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Unless otherwise noted, the term &#147;MYN Municipal Bonds&#148; also includes MYN
New York Municipal Bonds. MYN&#146;s investments in derivatives will be counted toward the foregoing 80% policy to the extent that they provide investment exposure to the securities included within the policy or to one or more market risk factors
associated with such securities.</P></TD></TR></TABLE></DIV> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Please see below a comparison of the approximate amount invested in municipal bonds as a percentage of total assets for
(i)&nbsp;each Fund as of June&nbsp;30, 2025, (ii) the Combined Fund, assuming only the Merger of BNY into the Acquiring Fund was consummated as of June&nbsp;30, 2025, and (iii)&nbsp;the Combined Fund, assuming all of the Mergers were consummated as
of June&nbsp;30, 2025.</P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="55%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD COLSPAN="3" ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>MHN</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BNY</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Acquiring</B><br><B>Fund</B><br><B>(MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I></I></B><B></B><B><I></I></B><B></B><B><I></I></B><B></B><B><I>Pro&nbsp;forma</I></B><B></B><br><B>Combined</B><br><B>Fund&nbsp;(BNY</B><br><B>into
MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro</I></B><B></B><br><B></B><B><I>forma</I></B><B></B><br><B>Combined</B><br><B>Fund</B><br><B>(MHN&nbsp;and</B><br><B>BNY&nbsp;
into</B><br><B>MYN)</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">87%</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">89%</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">91%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">90%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">89%</TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Investment Grade and <FONT STYLE="white-space:nowrap">Non-Investment</FONT> Grade Securities:</I></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Below is a comparison of each Fund&#146;s policy with respect to investment in investment grade quality securities and <FONT
STYLE="white-space:nowrap">non-investment</FONT> grade quality securities. Investment grade quality means that such bonds are rated, at the time of investment, within the four highest grades (Baa or BBB or better by Moody&#146;s Investor Service
Inc. (&#147;Moody&#146;s&#148;), S&amp;P Global Ratings (&#147;S&amp;P&#148;) or Fitch Ratings, Inc. (&#147;Fitch&#148;)) or are unrated but judged to be of comparable quality by the Investment Advisor. Below investment grade quality means
securities rated at the time of purchase Ba or below by Moody&#146;s, BB or below by S&amp;P or Fitch, or securities determined by the Investment Advisor to be of comparable quality. Below investment grade quality is regarded as predominantly
speculative with respect to the issuer&#146;s capacity to pay interest and repay principal. Such securities commonly are referred to as &#147;high yield&#148; or &#147;junk&#148; bonds.</P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund (MYN)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under normal circumstances, MHN will invest at least 80% of its net assets, plus
the amount of borrowings for investment purposes, in &#147;investment grade&#148; securities. MHN&#146;s investments in derivatives will be counted toward the foregoing 80%</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY&#146;s investment policies provide that, under normal market conditions, the
Fund will invest at least 80% of its managed assets in investment grade quality municipal bonds.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under normal circumstances, MYN will invest at least 80% of its net assets, plus
the amount of any borrowings for investment purposes, in &#147;investment grade&#148; securities. MYN&#146;s investments in derivatives will be counted toward the Fund&#146;s 80%
policy</P></TD></TR></TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
<DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">policy to the extent that they provide investment exposure to the securities
included within the policy or to one or more market risk factors associated with such securities. MHN may invest up to 20% of its managed assets in securities that are rated below investment grade, or are considered by the Investment Advisor to be
of comparable quality, at the time of purchase, subject to MHN&#146;s other investment policies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#8195;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">to the extent that they provide investment exposure to the securities included
within the policy or to one or more market risk factors associated with such securities. MYN may invest up to 20% of its managed assets in securities that are rated below investment grade.</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Bond Maturity:</I></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Below is a comparison of each Fund&#146;s policy with respect to bond maturity.</P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund (MYN)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN invests, under normal market conditions, at least 80% of its assets in
municipal obligations with remaining maturities of one year or more. MHN intends to invest primarily in long-term MHN Municipal Bonds with maturities of more than ten years. However, MHN also may invest in intermediate term MHN Municipal Bonds with
maturities of between three years and ten years. MHN also may invest from time to time in short-term MHN Municipal Bonds with maturities of less than three years. The average maturity of MHN&#146;s portfolio securities varies based upon the
Investment Advisor&#146;s assessment of economic and market conditions.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The average maturity of BNY&#146;s portfolio securities varies from time to time
based upon an assessment of economic and market conditions by the Investment Advisor. BNY&#146;s portfolio at any given time may include both long-term and intermediate-term municipal bonds.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.20em; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The average maturity of MYN&#146;s portfolio securities varies from time to time
based upon an assessment of economic and market conditions by the Investment Advisor. MYN&#146;s portfolio at any given time may include both long-term and intermediate-term municipal bonds.</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Leverage:</I></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Each Fund utilizes leverage through the issuance of VRDP Shares and TOBs. See &#147;The Acquiring Fund&#146;s
Investments&#151;Investment Objective and Policies&#151;Leverage;&#148; &#147;Risk Factors and Special Considerations&#151;General Risks of Investing in the Acquiring Fund&#151;Leverage Risk;&#148; and &#147;Risk Factors and Special
Considerations&#151;General Risks of Investing in the Acquiring Fund&#151;Tender Option Bond Risk.&#148; The Acquiring Fund may continue to leverage its assets after the Closing Date of the Mergers through the use of VRDP Shares and/or TOBs or
another form of leverage. As noted above, the Board of the Acquiring Fund has authorized the redemption of up to 67% of the Fund&#146;s</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">currently outstanding VRDP Shares on one or more occasions between April&nbsp;1, 2025 and October&nbsp;1, 2025, which
redemption is not subject to shareholder approval of any of the Mergers. After the consummation of the Mergers, common shareholders of the Acquiring Fund, including former Target Fund common shareholders, will bear the leverage costs associated with
any Acquiring Fund VRDP Shares and will be subject to the terms of any Acquiring Fund VRDP Shares, including that the Acquiring Fund VRDP Shares will be senior in priority to the Acquiring Fund common shares as to the payment of dividends and the
distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund. Please see &#147;Information about the Preferred Shares of the Funds&#148; in the Joint Proxy Statement/Prospectus for additional information
about the preferred shares of each Fund.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The annualized dividend rates for the preferred shares for each Fund for the twelve-month period ended January&nbsp;31,
2025 were as follows:</P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="88%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8195;&#8195;Preferred&nbsp;Shares&#8195;&#8195;&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8195;&#8195;&#8195;&#8194;Rate&#8195;&#8195;&#8195;&#8194;&#8195;&#8195;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">VRDP&nbsp;Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.01%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.03%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.22%</TD></TR>
</TABLE></DIV> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Please see below a comparison of certain important ratios related to (i)&nbsp;each Fund&#146;s use of leverage as of
June&nbsp;30, 2025, (ii) the Combined Fund&#146;s estimated use of leverage, assuming only the Merger of BNY into the Acquiring Fund had taken place as of June&nbsp;30, 2025, and (iii)&nbsp;the Combined Fund&#146;s estimated use of leverage,
assuming the Mergers of all the Funds had taken place as of June&nbsp;30, 2025.</P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="40%"></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Ratios</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;&#8195;&#8195;MHN&#8195;&#8195;&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;&#8195;&#8195;BNY&#8195;&#8195;&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8201;&#8201;Acquiring&nbsp;Fund&#8201;&#8201;</B><br><B>(MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I></I></B><B></B><B><I>Pro&nbsp;forma</I></B><B></B><br><B></B><B><I></I></B><B>Combined</B><br><B>&#8199;&#8195;Fund&nbsp;
(BNY&#8195;&#8199;</B><br><B>into MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro forma</I></B><B></B><br><B>Combined</B><br><B>Fund&nbsp;(MHN</B><br><B>&#8195;and&nbsp;BNY&nbsp;into&#8195;</B><br><B>MYN)</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Asset Coverage Ratio</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">234.3%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">244.0%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">261.6%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">254.2%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">247.0%</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Regulatory Leverage Ratio<SUP STYLE="font-size:75%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">42.7%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">41.0%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">38.2%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">39.3%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">40.5%</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Effective Leverage Ratio<SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">43.4%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">42.2%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">41.3%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">41.7%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">42.3%</TD></TR>
</TABLE></DIV> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify">(1)&#8195;&#8195;&#8195;Regulatory leverage consists of preferred shares issued by the Fund, which is a part of the Fund&#146;s capital
structure. Regulatory leverage is sometimes referred to as &#147;1940 Act Leverage&#148; and is subject to asset coverage limits set forth in the 1940 Act.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:8pt">(2)&#8195;&#8195;&#8195;Effective leverage is a Fund&#146;s effective economic leverage and includes both regulatory
leverage and the leverage effects of certain derivative investments in the Fund&#146;s portfolio. Currently, the leverage effects of TOB inverse floater holdings, in addition to any regulatory leverage, are included in effective leverage
ratios.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="21"></TD>
<TD HEIGHT="21" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Fund Management</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Board of each Fund is responsible for the overall supervision of the operations of its respective Fund and performs the
various duties imposed on the directors or trustees, as applicable, of investment companies by the 1940 Act and under applicable state law. Each Fund has the same Board Members and officers.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Investment Advisor</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BlackRock Advisors, LLC serves as the investment adviser for each Fund and is expected to continue to serve as investment
adviser for the Combined Fund.</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="40%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="42%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Portfolio Management Team</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Each Fund is managed by a team of investment professionals led by Kevin Maloney, CFA, Phillip Soccio, CFA,
Walter O&#146;Connor, CFA, Christian Romaglino, CFA, Michael Kalinoski, CFA, and Kristi Manidis. Following the Mergers, it is expected that the Combined Fund will be managed by the same team of investment professionals as currently manage the
Acquiring Fund.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Service Providers</B></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The other professional service providers for the Funds are or will be as follows:</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Service</U></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Service Providers to the Funds</U></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Accounting Agent</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">State Street Bank and Trust Company</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Custodian</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">State Street Bank and Trust Company</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Transfer Agent, Dividend Disbursing Agent and<BR>Registrar</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Computershare Trust Company, N.A.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Liquidity Provider to BNY, MHN and Acquiring<BR>Fund VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Bank of America, N.A.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Liquidity Provider to Acquiring VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Toronto-Dominion Bank, acting through its New<BR>York branch</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Remarketing Agent to BNY and MHN VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BofA Securities, Inc.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Remarketing Agent to Acquiring Fund VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">TD Securities (USA) LLC)</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Tender and Paying Agent to BNY, MHN and<BR>Acquiring Fund VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Bank of New York Mellon</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Independent Registered Public Accounting Firm</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">[&#9679;]</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Fund Counsel</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Willkie Farr&nbsp;&amp; Gallagher LLP</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Counsel to the Independent Board Members</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Stradley Ronon Stevens&nbsp;&amp; Young, LLP</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_2"></A>EXPENSE TABLE FOR COMMON SHAREHOLDERS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The purpose of the comparative fee table below is to assist shareholders of each Fund in understanding the various costs and expenses of
investing in common shares of each Fund and Combined Fund. The information in the table reflects (i)&nbsp;the fees and expenses of each Target Fund and the Acquiring Fund (unaudited), (ii) the<I></I><I>&nbsp;pro forma</I>&nbsp;expenses of the
Combined Fund assuming only the Merger of BNY into the Acquiring Fund had taken place on February&nbsp;1, 2024, and (iii)&nbsp;the <I>pro forma</I> expenses of the Combined Fund assuming all of the Mergers had taken place on February&nbsp;1, 2024.
The fees and expenses for the Funds are estimated for the fiscal year ended July&nbsp;31, 2025 and are based on actual fees and expenses incurred by the Funds for the twelve-month period ended January&nbsp;31, 2025. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The level of expense savings (or increases) will vary depending upon the combination of the Funds in the Mergers and the resulting size of the
Combined Fund, and furthermore, there can be no assurance that future expenses will not increase or that any expense savings for any Fund will be realized. Because each of the Mergers may occur whether or not the other Merger is approved, several
combinations are possible.&nbsp;The scenarios presented illustrate the <I>pro forma </I>effects on operating expenses for all possible combinations. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="47%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8194;MHN&#8195;&#8195;&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8194;BNY&#8195;&#8195;&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8201;Acquiring&nbsp;Fund&#8201;</B><br><B>(MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Combined</B><br><B>Fund</B><br><B>&#8195;(BNY&nbsp;into&#8195;</B><br><B>MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Combined</B><br><B>Fund</B><br><B>&#8195;(MHN&nbsp;and&#8195;</B><br><B>BNY&nbsp;into</B><br><B>MYN)</B></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top">Maximum Sales Load (as a percentage of the offering price) imposed on purchases of common shares<SUP STYLE="font-size:75%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]%</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top">Dividend Reinvestment Plan Fees<SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">$0.02 per<BR>share for<BR>open&nbsp;market<BR>purchases&nbsp;of<BR>common<BR>shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">$0.15 per<BR>share&nbsp;for&nbsp;open<BR>market<BR>purchases of<BR>common<BR>shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">$0.02 per<BR>share&nbsp;for&nbsp;open<BR>market<BR>purchases of<BR>common<BR>shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">$0.02 per<BR>share&nbsp;for&nbsp;open<BR>market<BR>purchases of<BR>common<BR>shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">$0.02 per<BR>share&nbsp;for&nbsp;open<BR>market<BR>purchases of<BR>common<BR>shares</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top">Dividend Reinvestment Plan Sale Transaction Fee<SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD>
<TD HEIGHT="2" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">&#151;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">$2.50</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">&#151;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">&#151;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">&#151;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top">Investment Management Fees<SUP STYLE="font-size:75%; vertical-align:top">(3)(4)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.92%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.89%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.79%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.80%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.81%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top">Other Expenses<SUP STYLE="font-size:75%; vertical-align:top">(5)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.24%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.24%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.09%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.12%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.13%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top">Interest Expense<SUP STYLE="font-size:75%; vertical-align:top">(6)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">2.69%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">2.50%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">2.34%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">2.41%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">2.50%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top">Acquired Fund Fees and Expenses</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.01%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.00%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.00%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.00%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.00%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top">Total Annual Fund Operating Expenses<SUP STYLE="font-size:75%; vertical-align:top">(6) </SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3.86%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3.63%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3.22%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3.33%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3.44%</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify">(1)&#8195;&#8195;&#8195;No sales load will be charged in connection with the issuance of Acquiring Fund common shares as part of the Mergers.
Common shares are not available for purchase from the Funds but may be purchased on the NYSE through a broker-dealer subject to individually negotiated commission rates. Common shares purchased in the secondary market may be subject to brokerage
commissions or other charges. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify">(2)&#8195;&#8195;&#8195;The Reinvestment Plan Agent&#146;s fees for the handling of the reinvestment of
distributions will be paid by each Fund. However, each participant will pay a $0.02 per share fee incurred in connection with open-market purchases, which will be deducted from the value of the dividend. Participants in MHN and the Acquiring Fund
that request a sale of shares are subject to a $0.02 per share sold brokerage commission. Participants in BNY that request a sale of shares are subject to a $2.50 sales fee and a $0.15 per share sold fee. Per share fees include any applicable
brokerage commissions the Reinvestment Plan Agent is required to pay. See &#147;Automatic Dividend Reinvestment Plan.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify">(3)&#8195;&#8195;&#8195;MHN currently pays the Investment Advisor a monthly fee at an annual
rate equal to 0.55% of the average daily value of its net assets. The Acquiring Fund currently pays the Investment Advisor a monthly fee at an annual rate equal to 0.50% of its average daily value of its net assets. For purposes of calculating these
fees, &#147;net assets&#148; mean the total assets of the Fund minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding preferred shares). It is
understood that the liquidation preference of any outstanding preferred shares (other than accumulated dividends) and TOB Trusts is not considered a liability in determining a Fund&#146;s NAV. BNY currently pays the Investment Advisor a monthly fee
at an annual rate equal to 0.55% of the average weekly value of its managed assets. For the purposes of calculating these fees, for BNY, &#147;managed assets&#148; are determined as total assets of the Fund (including any assets attributable to
money borrowed for investment purposes) less the sum of its accrued liabilities (other than money borrowed for investment purposes). If the Mergers are consummated, the annual contractual investment management fee rate of the Acquiring Fund will be
the annual contractual investment management fee rate of the Combined Fund, which will be 0.50% of the average daily value of net assets (as defined above) of the Combined Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify">(4)&#8195;&#8195;&#8195;Each Fund and the Investment Advisor have entered into a fee waiver agreement (the &#147;Fee Waiver Agreement&#148;),
pursuant to which the Investment Advisor has contractually agreed to waive the management fee with respect to any portion of each Fund&#146;s assets attributable to investments in any equity and fixed-income mutual funds and exchange-traded funds
(&#147;ETFs&#148;) managed by the Investment Advisor or its affiliates and other exchange-traded products sponsored by the Investment Advisor or its affiliates, in each case that have a contractual management fee, through June&nbsp;30, 2027 (the
&#147;Affiliated Mutual Fund and ETF Waiver&#148;). In addition, pursuant to the Fee Waiver Agreement, the Investment Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees each Fund pays to the
Investment Advisor indirectly through its investment in money market funds advised by the Investment Advisor or its affiliates, through June&nbsp;30, 2027 (the &#147;Affiliated Money Market Fund Waiver&#148; and together with the Affiliated Mutual
Fund and ETF Waiver, the &#147;Affiliated Fund Waiver&#148;). The Fee Waiver Agreement may be continued from year to year thereafter, provided that such continuance is specifically approved by the Investment Advisor and each Fund (including by a
majority of each Fund&#146;s Independent Board Members). Neither the Investment Advisor nor the Funds are obligated to extend the Fee Waiver Agreement. The Fee Waiver Agreement may be terminated at any time, without the payment of any penalty, only
by each Fund (upon the vote of a majority of the Independent Board Members or a majority of the outstanding voting securities of each Fund), upon 90 days&#146; written notice by each Fund to the Investment Advisor </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify">(5)&#8195;&#8195;&#8195;Other Expenses do not include extraordinary expenses incurred by the Fund. If included, Other Expenses would have been
0.31% for MHN, 0.34% for BNY, and 0.16% for MYN. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify">(6)&#8195;&#8195;&#8195;The total expense table includes interest expense associated with
the Funds&#146; investments in TOBs (also known as &#147;inverse floaters&#148;). Although such interest expense is actually paid by special purpose vehicles in which the Funds invest, they are recorded on the Funds&#146; financial statements for
accounting purposes. The total expense table also includes, in interest expense, dividends associated with the VRDP Shares because the VRDP Shares are considered debt of the Funds for financial reporting purposes. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Each Fund uses leverage to seek to enhance its returns to common shareholders. This leverage generally takes two forms: the issuance of preferred shares and
investment in TOBs. Both forms of leverage benefit common shareholders if the cost of the leverage is lower than the returns earned by a Fund when it invests the proceeds from the leverage. In order to help you better understand the costs associated
with the Funds&#146; leverage strategy, the Total Annual Fund Operating Expenses <I>(excluding leverage expenses and extraordinary expenses)</I> for the Funds are presented below: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="18%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Fund (MYN)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I></I></B><B></B><B><I></I></B><B></B><B><I></I></B><B></B><B><I></I></B><B></B><B><I>Pro forma </I></B><B></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Combined</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Fund (BNY</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>into MYN)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I>Pro forma</I></B><B></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Combined</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Fund</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(MHN and</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>BNY into</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>MYN)</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="center">1.03%</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">1.01%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0.88%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0.87%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0.86%</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following example is intended to help you compare the costs of investing in the common shares of the
Combined Fund <I>pro forma</I> if (i)&nbsp;only the BNY Merger is completed, and (ii)&nbsp;all of the Mergers are completed with the costs of investing in MHN, BNY, and the Acquiring Fund without the Mergers. An investor in common shares would pay
the following expenses on a $1,000 investment, assuming (1)&nbsp;the &#147;Total Annual Fund Operating Expenses&#148; for each Fund set forth in the total expenses table above, and (2)&nbsp;a 5% annual return throughout the period: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;1&nbsp;Year&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;3&nbsp;Years&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;5&nbsp;Years&#8194;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8194;10&nbsp;Years&#8194;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$39</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$118</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$199</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$409</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$37</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$111</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$188</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$389</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$32</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$99</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$168</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$352</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Pro forma</I> Combined Fund (BNY into MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$34</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$102</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$174</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$362</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Pro forma</I> Combined Fund (MHN and BNY into MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$35</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$106</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$179</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$372</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The examples set forth above assume common shares of each Fund were owned as of the
completion of the Mergers and the reinvestment of all dividends and distributions and uses a 5% annual rate of return as mandated by SEC regulations. The examples should not be considered a representation of past or future expenses or annual rates
of return. Actual expenses or annual rates of return may be more or less than those assumed for purposes of the examples. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Common
shareholders of each Fund will indirectly bear all or a portion of the costs of the Mergers. The expenses of the Mergers are estimated to be approximately $322,000 for MHN and $367,000 for BNY. For the Acquiring Fund, the expenses of the applicable
Mergers are estimated to be approximately $307,000. The actual costs associated with the Mergers may be more or less than the estimated costs discussed herein. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">VRDP Holders are not expected to bear any costs of the Mergers. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_3"></A>RISK FACTORS AND SPECIAL CONSIDERATIONS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_4"></A>Comparison of Risks </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Combined Fund will be managed in accordance with the same investment objective and investment strategies and policies, and subject to the
same risks, as the Acquiring Fund. The Funds have similar investment objectives and similar investment strategies, policies and restrictions and are subject to similar investment risks. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund utilizes leverage through the issuance of VRDP Shares and TOBs. See &#147;The Acquiring Fund&#146;s Investments&#151;Investment
Objective and Policies&#151;Leverage;&#148; &#147;Risk Factors and Special Considerations&#151;General Risks of Investing in the Acquiring Fund&#151;Leverage Risk;&#148; and &#147;Risk Factors and Special Considerations&#151;General Risks of
Investing in the Acquiring Fund&#151;Tender Option Bond Risk.&#148; Each of MHN, BNY and the Acquiring Fund currently leverage its assets through the use of VRDP Shares and TOBs. After the consummation of the Mergers, common shareholders of the
Acquiring Fund, including former Target Fund common shareholders, will bear the leverage costs associated with the Acquiring Fund VRDP Shares and will be subject to the terms of the Acquiring Fund VRDP Shares, including that the Acquiring Fund VRDP
Shares will be senior in priority to the Acquiring Fund common shares as to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund. Please see &#147;Information about
the Preferred Shares of the Funds&#148; for additional information about the preferred shares of each Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Risks that predominately
affect the common shares of the Funds include risks associated with municipal obligations, such as interest rate risk, credit risk, <FONT STYLE="white-space:nowrap">non-diversification</FONT> risk (with respect to MHN and MYN) and leverage risk. In
addition, as exchange-traded <FONT STYLE="white-space:nowrap">closed-end</FONT> funds, the Funds are subject to the risk that the Funds&#146; common shares may trade at a discount from the Funds&#146; NAV. Accordingly, the Funds are primarily
designed for long-term investors and should not be considered a vehicle for trading purposes. In the normal course of business, each Fund invests in securities and enters into transactions where risks exist due to fluctuations in the market (market
risk) or failure of the issuer of a security to meet all its obligations (issuer credit risk). The value of securities held by the Funds may decline in response to certain events, including those directly involving the issuers whose securities are
owned by the Funds; conditions affecting the general economy; overall market changes; pandemics, epidemics and other global health events; local, regional or global political, social or economic instability; and currency and interest rate and price
fluctuations. Similar to issuer credit risk, the Funds may be exposed to counterparty credit risk, or the risk that an entity with which the Funds have unsettled or open transactions may fail to or be unable to perform on its commitments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Risk is inherent in all investing. An investment in the common shares of the Acquiring Fund should not be considered a complete investment
program. Each shareholder should take into account the Acquiring Fund&#146;s investment objective as well as the shareholder&#146;s other investments when considering an investment in the Acquiring Fund. You may lose part or all of your investment
in the Acquiring Fund or your investment may not perform as well as other similar investments. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_5"></A>Risks Related to the Mergers
</B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Expenses </I></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While the Funds
currently estimate that the Mergers will result in reduced aggregate expenses of the Combined Fund by approximately $1,193,118 per year (which excludes the [Affiliated Fund Waiver, the MHN Voluntary Waiver, the VRDP Voluntary Waiver, and] liquidity
and remarketing fees) if all the Mergers are completed, <I>the realization of these reduced expenses will not affect common shareholders of the Funds proportionately, and may take longer than expected to be realized or may not be realized at all.
</I> </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Please see the &#147;Expense Table for Common Shareholders&#148; for additional information about the Funds&#146; expenses. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Earnings and Distribution Rate </I></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Combined Fund&#146;s net earnings yield on NAV for common shareholders following the Mergers are expected to be potentially higher than
the current net earnings yield on NAV for each Fund. The distribution level of any fund is subject to change based upon a number of factors, including the current and projected level of the fund&#146;s earnings, and may fluctuate over time; thus,
subject to a number of other factors, including the fund&#146;s distribution policy, a higher net earnings profile may potentially have a positive impact on such fund&#146;s distribution level over time. The Combined Fund&#146;s earnings and
distribution rate on NAV will change over time, and depending on market conditions, may be higher or lower than each Fund&#146;s earnings and distribution rate on NAV prior to the Mergers. A Fund&#146;s earnings and net investment income are
variables which depend on many factors, including its asset mix, portfolio turnover level, the amount of leverage utilized by the Fund, the costs of such leverage, the performance of its investments, the movement of interest rates and general market
conditions. In addition, the Combined Fund&#146;s future earnings will vary depending upon the combination of completed Mergers. There can be no assurance that the future earnings of a Fund, including the Combined Fund after the Mergers, will remain
constant. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Undistributed Net Investment Income </I></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Mergers are approved by shareholders, then the greater of (1)&nbsp;substantially all of the UNII, if any, or (2)&nbsp;the monthly
distribution of each Fund is expected to be declared to such Fund&#146;s common shareholders prior to the Closing Date (previously defined as the <FONT STYLE="white-space:nowrap">&#147;Pre-Merger</FONT> Declared UNII Distributions&#148;). The
declaration date, <FONT STYLE="white-space:nowrap">Ex-Dividend</FONT> Date and record date of the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions will occur prior to the Closing Date. However, all or a significant
portion of the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions may be paid in one or more distributions to common shareholders of the Funds entitled to such <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared
UNII Distributions after the Closing Date. Former MHN and BNY shareholders entitled to such <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions paid after the Closing Date will receive such distributions in cash for a
partial month post-Merger. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Persons who purchase common shares of any of the Funds on or after the
<FONT STYLE="white-space:nowrap">Ex-Dividend</FONT> Date for the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions should not expect to receive any distributions from any Fund until distributions, if any, are declared by
the Board of the Combined Fund and paid to shareholders entitled to any such distributions. No such distributions are expected to be paid by the Combined Fund until at least approximately one month following the Closing Date. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Additionally, the Acquiring Fund, in order to seek to provide its common shareholders with distribution rate stability, may include in its <FONT
STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution amounts in excess of its undistributed net investment income and net investment income accrued through the Closing Date. This would result in the Acquiring Fund issuing
incrementally more common shares in the Mergers since its NAV as of the valuation time for the Mergers would be lower relative to a scenario where such excess amounts were not included in the Acquiring Fund&#146;s
<FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent any
<FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution is not an &#147;exempt interest dividend&#148; (as defined in the Code), the distribution may be taxable to shareholders for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Premium/Discount to NAV </I></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As with any
capital stock, the price of each Fund&#146;s common shares will fluctuate based on market conditions and other factors. If common shares are sold, the price received may be more or less than the original investment. Each Fund&#146;s common shares
are designed for long-term investors and should not be treated as trading vehicles. Shares of <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment companies frequently trade at a discount from their NAV. This risk may be greater
for investors who sell their common shares in a relatively short period of time after the completion of the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The common shares of
each Fund have historically traded at a discount. The table below sets forth the market price, NAV, and the premium/discount to NAV of each Fund as of [&#9679;], 2025. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="43%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="15%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="26%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Market&nbsp;Price&#8195;&#8195;&#8195;</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&#8195;&#8195;&#8195;NAV&#8195;&#8195;&#8195;</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&#8195;&#8195;Premium/(Discount)&nbsp;to&nbsp;NAV&#8195;&#8195;</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;] %</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;] %</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;] %</TD></TR>
</TABLE> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent MHN&#146;s or BNY&#146;s common shares are trading at a wider discount (or a narrower premium)
than the Acquiring Fund at the time of its Merger, MHN&#146;s and BNY&#146;s common shareholders would have the potential for an economic benefit by the narrowing of the discount or widening of the premium. To the extent MHN&#146;s or BNY&#146;s
common shares are trading at a narrower discount (or wider premium) than the Acquiring Fund at the time of its Merger, MHN&#146;s and BNY&#146;s common shareholders may be negatively impacted if its Merger is consummated. Acquiring Fund common
shareholders would only benefit from a premium/discount perspective to the extent the post-Merger discount (or premium) of the Acquiring Fund common shares improves. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There can be no assurance that, after the Mergers, common shares of the Combined Fund will trade at a narrower discount to NAV or wider
premium to NAV than the common shares of any individual Fund prior to the Mergers. Upon consummation of the Mergers, the Combined Fund common shares may trade at a price that is less than the current market price of Acquiring Fund common shares. In
the Mergers, common shareholders of MHN and BNY will receive Acquiring Fund common shares based on the relative NAVs (not the market values) of the respective Fund&#146;s common shares. The market value of the common shares of the Combined Fund may
be less than the market value of the common shares of each respective Fund prior to the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Merger(s) are approved by
shareholders, effective upon the closing of the Merger(s), the Combined Fund will adopt a Discount Management Program under which the Combined Fund will, beginning in 2026, intend to offer to purchase a minimum of 5% of its outstanding common
shares, subject to the Board&#146;s discretion, at a price equal to 98% of NAV per common share via annual tender offer if the Combined Fund&#146;s common shares trade at an average daily discount to NAV of more than 10.00% during a measurement
period beginning on January 1st<SUP STYLE="font-size:75%; vertical-align:top"> </SUP>and concluding on September 30th of each calendar year. Even if a tender offer is triggered under the Discount Management Program, there is no guarantee that
Combined Fund shareholders will be able to sell all of the shares that they desire to sell in any particular tender offer and there can be no assurances as to the effect that the Discount Management Program will have on the market for the Combined
Fund&#146;s shares or the discount at which the Combined Fund&#146;s shares may trade relative to its NAV. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Tax Considerations </I></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Merger is intended to qualify as a &#147;reorganization&#148; within the meaning of Section&nbsp;368(a) of the Code. If a Merger so
qualifies, in general, common shareholders of MHN and BNY will recognize no gain or loss for U.S. federal income tax purposes upon the exchange of their common shares for Acquiring Fund Shares pursuant to their Merger (except with respect to cash
received in lieu of fractional common shares). Additionally, each of MHN and BNY and the applicable Merger Sub will recognize no gain or loss for U.S. federal income tax purposes by reason of its Merger or upon liquidation of the Merger Sub. Neither
the Acquiring Fund nor its shareholders will recognize any gain or loss for U.S. federal income tax purposes pursuant to the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As
discussed above, shareholders of each Fund may receive distributions prior to, or after, the consummation of the Mergers, including distributions attributable to their proportionate share of each Fund&#146;s undistributed net investment income
declared prior to the consummation of the Mergers or the Combined Fund&#146;s <FONT STYLE="white-space:nowrap">built-in</FONT> gains, if any, recognized after the Mergers, when such income and gains are eventually distributed by the Combined Fund.
To the extent that such a distribution is not an &#147;exempt interest dividend&#148; (as defined in the Code), the distribution may be taxable to shareholders for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds&#146; shareholders should consult their own tax advisers regarding the U.S. federal income tax consequences of the Mergers, as well
as the effects of state, local and <FONT STYLE="white-space:nowrap">non-U.S.</FONT> tax laws, including possible changes in tax laws. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">See
&#147;U.S. Federal Income Tax Consequences of the Mergers&#148; for a summary of U.S. federal income tax consequences generally applicable to the Mergers. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_6"></A>General Risks of Investing in the Acquiring Fund </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Because of their similar investment objectives and similar investment strategies, each Fund is subject to similar investment risks associated
with an investment in common shares of the relevant Fund. With respect to the differences in risks, those risks of MHN and BNY that are not shared with the Acquiring Fund are generally as a result of differences in the Funds&#146; principal
investment strategies described above under &#147;Summary&#151;Investment Objective and Policies.&#148; </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Combined Fund will be managed
in accordance with the same investment objective, investment strategies and investment policies, and subject to the same risks, as the Acquiring Fund. Risk is inherent in all investing. The value of your investment in the Acquiring Fund, as well as
the amount of return you receive on your investment, may fluctuate significantly from day to day and over time. The Acquiring Fund is not meant to provide a vehicle for those who wish to exploit short-term swings in the stock market and is intended
for long-term investors. An investment in common shares of the Acquiring Fund should not be considered a complete investment program. Each shareholder should take into account the Acquiring Fund&#146;s investment objective as well as the
shareholder&#146;s other investments when considering an investment in the Acquiring Fund. You may lose part or all of your investment in the Acquiring Fund or your investment may not perform as well as other similar investments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The risks that predominately affect common shares of the Acquiring Fund, and therefore, the Combined Fund, include the following: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><FONT STYLE="white-space:nowrap">Non-Diversified</FONT> Status</I>. The Acquiring Fund is a
<FONT STYLE="white-space:nowrap">non-diversified</FONT> fund. As defined in the 1940 Act, a <FONT STYLE="white-space:nowrap">non-diversified</FONT> fund may invest a significant part of its investments in a smaller number of issuers than can a
diversified fund. Having a larger percentage of assets in a smaller number of issuers makes a <FONT STYLE="white-space:nowrap">non-diversified</FONT> fund, like the Acquiring Fund, more susceptible to the risk that one single event or occurrence can
have a significant adverse impact upon the Acquiring Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Investment and Market Discount Risk.</I><B></B>&nbsp;An investment in the
Acquiring Fund&#146;s common shares is subject to investment risk, including the possible loss of the entire amount that you&nbsp;invest. As with any stock, the price of the Acquiring Fund&#146;s common shares will fluctuate with market conditions
and other factors. If shares are sold, the price received may be more or&nbsp;less than the original investment. Common shares are designed for long-term investors and the Acquiring Fund should not be treated as a trading vehicle. Shares of <FONT
STYLE="white-space:nowrap">closed-end&nbsp;management</FONT> investment companies frequently trade at a discount from their NAV. This risk is separate and distinct from the risk that the Acquiring Fund&#146;s NAV&nbsp;could decrease as a result of
its investment activities. At any point in time an investment in the Acquiring Fund&#146;s common shares may be worth less than the original amount invested,&nbsp;even after taking into account distributions paid by the Acquiring Fund. During
periods in which the Acquiring Fund may use leverage, the Acquiring Fund&#146;s investment, market discount and certain other&nbsp;risks will be magnified. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Fixed-Income Securities Risks</I>. Fixed-income securities in which the Acquiring Fund may invest are generally subject to the following
risks: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Interest Rate Risk</U>. The market value of bonds and other fixed-income securities changes in response to interest rate
changes and other factors. Interest rate risk is the risk that prices of bonds and other fixed-income securities will increase as interest rates fall and decrease as interest rates rise. The Acquiring Fund may be subject to a greater risk of rising
interest rates due to the recent period of historically low interest rates. The Federal Reserve raised and maintained higher interest rates as part of its efforts to address rising inflation. In September and December 2024, the Federal Reserve
lowered the federal funds rate and may announce additional rate cuts in the near future. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact the Acquiring
Fund&#146;s performance. There is a risk that a rise in interest rates will likely drive down prices of bonds and other fixed-income securities. The magnitude of these price reductions in the market price of bonds and other fixed-income securities
is generally greater for those securities with longer maturities. Fluctuations in the market price of the Acquiring Fund&#146;s investments will not affect interest income derived from instruments already owned by the Acquiring Fund, but will be
reflected in the Acquiring Fund&#146;s NAV. The Acquiring Fund may lose money if short-term or long-term interest rates rise sharply in a manner not anticipated by the Acquiring Fund&#146;s management. To the extent the Acquiring Fund invests in
debt securities that may be prepaid at the option of the obligor, the sensitivity of such securities to changes in interest rates may increase (to the detriment of the Acquiring </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Fund) when interest rates rise. Moreover, because rates on certain floating rate debt securities typically reset only periodically, changes in prevailing interest rates (and particularly sudden
and significant changes) can be expected to cause some fluctuations in the NAV of the Acquiring Fund to the extent that it invests in floating rate debt securities. These basic principles of bond prices also apply to U.S. Government securities. A
security backed by the &#147;full faith and credit&#148; of the U.S. Government is guaranteed only as to its stated interest rate and face value at maturity, not its current market price. Just like other fixed-income securities,
government-guaranteed securities will fluctuate in value when interest rates change. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund&#146;s use of leverage will tend
to increase the Acquiring Fund&#146;s interest rate risk. The Acquiring Fund may utilize certain strategies, including taking positions in futures or interest rate swaps, for the purpose of reducing the interest rate sensitivity of fixed-income
securities held by the Acquiring Fund and decreasing the Acquiring Fund&#146;s exposure to interest rate risk. The Acquiring Fund is not required to hedge its exposure to interest rate risk and may choose not to do so. In addition, there is no
assurance that any attempts by the Acquiring Fund to reduce interest rate risk will be successful or that any hedges that the Acquiring Fund may establish will perfectly correlate with movements in interest rates. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may invest in variable and floating rate debt instruments, which generally are less sensitive to interest rate changes than
longer duration fixed rate instruments, but may decline in value in response to rising interest rates if, for example, the rates at which they pay interest do not rise as much, or as quickly, as market interest rates in general. Conversely, variable
and floating rate instruments generally will not increase in value if interest rates decline. The Acquiring Fund also may invest in inverse floating rate debt securities, which may decrease in value if interest rates increase, and which also may
exhibit greater price volatility than fixed rate debt obligations with similar credit quality. To the extent the Acquiring Fund holds variable or floating rate instruments, a decrease (or, in the case of inverse floating rate securities, an
increase) in market interest rates will adversely affect the income received from such securities, which may adversely affect the NAV of the Acquiring Fund&#146;s common shares. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Issuer Risk</U>. The value of fixed-income securities may decline for a number of reasons which directly relate to the issuer, such as
management performance, financial leverage, reduced demand for the issuer&#146;s goods and services, historical and prospective earnings of the issuer and the value of the assets of the issuer. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Credit Risk</U>. Credit risk is the risk that one or more fixed-income securities in the Acquiring Fund&#146;s portfolio will decline in
price or fail to pay interest or principal when due because the issuer of the security experiences a decline in its financial status. Credit risk is increased when a portfolio security is downgraded or the perceived creditworthiness of the issuer
deteriorates. To the extent the Acquiring Fund invests in below investment grade securities, it will be exposed to a greater amount of credit risk than a fund which only invests in investment grade securities. In addition, to the extent the
Acquiring Fund uses credit derivatives to sell credit protection to its counterparty, such use will expose it to additional risk of the occurrence of a credit event in respect of the bonds underlying the derivatives default. The degree of credit
risk depends on the issuer&#146;s financial condition and on the terms of the securities. If rating agencies lower their ratings of municipal securities in the Acquiring Fund&#146;s portfolio, the value of those securities could decline. Because a
significant source of income for the Acquiring Fund is the interest and principal payments on the municipal securities in which it invests, any default by an issuer of a municipal security could have a negative impact on the Acquiring Fund&#146;s
ability to pay dividends on common shares then outstanding. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Prepayment Risk</U>. During periods of declining interest rates, borrowers
may exercise their option to prepay principal earlier than scheduled. For fixed rate securities, such payments often occur during periods of declining interest rates, forcing the Acquiring Fund to reinvest in lower yielding securities, resulting in
a possible decline in the Acquiring Fund&#146;s income and distributions to shareholders. This is known as prepayment or &#147;call&#148; risk. Below investment grade securities frequently have call features that allow the issuer to redeem the
security at dates prior to its stated maturity at a specified price (typically greater than par) only if certain prescribed conditions are met (<I>i.e.</I>, &#147;call protection&#148;). For premium bonds (bonds acquired at prices that exceed their
par or principal value) purchased by the Acquiring Fund, prepayment risk may be enhanced. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Reinvestment Risk</U>. Reinvestment risk is
the risk that income from the Acquiring Fund&#146;s portfolio will decline if the Acquiring Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below the Acquiring Fund portfolio&#146;s
current earnings rate. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Duration and Maturity Risk</U>. The Investment Advisor may seek to adjust the
portfolio&#146;s duration or maturity based on its assessment of current and projected market conditions and all factors that the Investment Advisor deems relevant. In comparison to maturity (which is the date on which the issuer of a debt
instrument is obligated to repay the principal amount), duration is a measure of the price volatility of a debt instrument as a result in changes in market rates of interest, based on the weighted average timing of the instrument&#146;s expected
principal and interest payments. Specifically, duration measures the anticipated percentage change in NAV that is expected for every percentage point change in interest rates. The two have an inverse relationship. Duration can be a useful tool to
estimate anticipated price changes to a fixed pool of income securities associated with changes in interest rates. For example, a duration of five years means that a 1% decrease in interest rates will increase the NAV of the portfolio by
approximately 5%; if interest rates increase by 1%, the NAV will decrease by 5%. However, in a managed portfolio of fixed-income securities having differing interest or dividend rates or payment schedules, maturities, redemption provisions, call or
prepayment provisions and credit qualities, actual price changes in response to changes in interest rates may differ significantly from a duration-based estimate at any given time. Actual price movements experienced by a portfolio of fixed-income
securities will be affected by how interest rates move (<I>i.e.</I>, changes in the relationship of long-term interest rates to short-term interest rates and in the relationship of interest rates for highly rated securities and rates for below
investment grade securities), the magnitude of any move in interest rates, actual and anticipated prepayments of principal through call or redemption features, the extension of maturities through restructuring, the sale of securities for portfolio
management purposes, the reinvestment of proceeds from prepayments on and from sales of securities, and credit quality-related considerations whether associated with financing costs to lower credit quality borrowers or otherwise, as well as other
factors. Accordingly, while duration maybe a useful tool to estimate potential price movements in relation to changes in interest rates, investors are cautioned that duration alone will not predict actual changes in the net asset or market value of
the Acquiring Fund&#146;s shares and that actual price movements in the Acquiring Fund&#146;s portfolio may differ significantly from duration-based estimates. Duration differs from maturity in that it takes into account a security&#146;s yield,
coupon payments and its principal payments in addition to the amount of time until the security finally matures. As the value of a security changes over time, so will its duration. Prices of securities with longer durations tend to be more sensitive
to interest rate changes than securities with shorter durations. In general, a portfolio of securities with a longer duration can be expected to be more sensitive to interest rate changes than a portfolio with a shorter duration. Any decisions as to
the targeted duration or maturity of any particular category of investments or of the Acquiring Fund&#146;s portfolio generally will be made based on all pertinent market factors at any given time. The Acquiring Fund may incur costs in seeking to
adjust the portfolio&#146;s average duration or maturity. There can be no assurances that the Investment Advisor&#146;s assessment of current and projected market conditions will be correct or that any strategy to adjust the portfolio&#146;s
duration or maturity will be successful at any given time. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Securities Risks</I>. Municipal securities risks include the
ability of the issuer to repay the obligation, the relative lack of information about certain issuers of municipal securities, and the possibility of future legislative changes which could affect the market for and value of municipal securities.
These risks include: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">General Obligation Bonds Risks &#151; Timely payments depend on the issuer&#146;s credit quality, ability to
raise tax revenues and ability to maintain an adequate tax base. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Revenue Bonds Risks &#151; These payments depend on the money earned by the particular facility or class of
facilities, or the amount of revenues derived from another source. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Private Activity Bonds Risks &#151; Municipalities and other public authorities issue private activity bonds
to finance development of industrial facilities for use by a private enterprise. The private enterprise pays the principal and interest on the bond, and the issuer does not pledge its faith, credit and taxing power for repayment.
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Moral Obligation Bonds Risks &#151; Moral obligation bonds are generally issued by special purpose public
authorities of a state or municipality. If the issuer is unable to meet its obligations, repayment of these bonds becomes a moral commitment, but not a legal obligation, of the state or municipality. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Municipal Notes Risks &#151; Municipal notes are shorter term municipal debt obligations. If there is a
shortfall in the anticipated proceeds, the notes may not be fully repaid and the Acquiring Fund may lose money. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Municipal Lease Obligations Risks &#151; In a municipal lease obligation, the issuer agrees to make payments
when due on the lease obligation. Although the issuer does not pledge its unlimited taxing power for payment of the lease obligation, the lease obligation is secured by the leased property. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><FONT STYLE="white-space:nowrap">Tax-exempt</FONT> Status Risk &#151; The Acquiring Fund and its investment
manager will rely on the opinion of issuers&#146; bond counsel and, in the case of certain derivative securities, sponsors&#146; counsel, on the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> status of interest on municipal bonds and payments
under derivative securities. Neither the Acquiring Fund nor its investment manager will independently review the bases for those tax opinions, which may ultimately be determined to be incorrect and subject the Acquiring Fund and its shareholders to
substantial tax liabilities. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Securities Market Risk</I>. Economic exposure to the municipal securities
market involves certain risks. The Acquiring Fund&#146;s economic exposure to municipal securities includes municipal securities in the Acquiring Fund&#146;s portfolio and municipal securities to which the Acquiring Fund is exposed through the
ownership of residual interest municipal tender option bonds (&#147;TOB Residuals&#148;). The municipal market is one in which dealer firms make markets in bonds on a principal basis using their proprietary capital. Most municipal securities will
not be registered with the SEC or any state securities commission and will not be listed on any national securities exchange. The amount of public information available about the municipal securities to which the Acquiring Fund is economically
exposed is generally less than that for corporate equities or bonds, and the investment performance of the Acquiring Fund may therefore be more dependent on the analytical abilities of the Investment Advisor than would be a fund investing solely in
stocks or taxable bonds. The secondary market for municipal securities, particularly the below investment grade securities to which the Acquiring Fund may be economically exposed, also tends to be less well-developed or liquid than many other
securities markets, which may adversely affect the Acquiring Fund&#146;s ability to sell such securities at attractive prices or at prices approximating those at which the Acquiring Fund currently values them. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition, many state and municipal governments that issue securities are under significant economic and financial stress and may not be
able to satisfy their obligations. This stress may be significantly exacerbated by the coronavirus pandemic. The ability of municipal issuers to make timely payments of interest and principal may be diminished during general economic downturns and
as governmental cost burdens are reallocated among federal, state and local governments. The taxing power of any governmental entity may be limited by provisions of state constitutions or laws and an entity&#146;s credit will depend on many factors,
including the entity&#146;s tax base, the extent to which the entity relies on federal or state aid, and other factors which are beyond the entity&#146;s control. In addition, laws enacted in the future by Congress or state legislatures or referenda
could extend the time for payment of principal and/or interest, or impose other constraints on enforcement of such obligations or on the ability of municipalities to levy taxes. Issuers of municipal securities might seek protection under the
bankruptcy laws. In the event of bankruptcy of such an issuer, holders of municipal securities could experience delays in collecting principal and interest and such holders may not, in all circumstances, be able to collect all principal and interest
to which they are entitled. To enforce its rights in the event of a default in the payment of interest or repayment of principal, or both, the Fund may take possession of and manage the assets securing the issuer&#146;s obligations on such
securities, which may increase the Fund&#146;s operating expenses. Any income derived from the Fund&#146;s ownership or operation of such assets may not <FONT STYLE="white-space:nowrap">be&nbsp;tax-exempt&nbsp;or</FONT> may fail to generate
qualifying income for purposes of the income tests applicable to registered investment companies (&#147;RICs&#148;). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Risk Factors and
Special Considerations Relating to Municipal Securities</I>. The risks and special considerations involved in investment in municipal securities vary with the types of instruments being acquired. Certain instruments in which the Acquiring Fund may
invest may be characterized as derivative instruments. See &#147;The Acquiring Fund&#146;s Investments&#151;Description of Municipal Bonds&#148; and &#147;The Acquiring Fund&#146;s Investments&#151;Investment Objective and Policies&#151;Strategic
Transactions&#151;Financial Futures Transactions and Options.&#148; </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The value of municipal securities generally may be affected by
uncertainties in the municipal markets as a result of legislation or litigation, including legislation or litigation that changes the taxation of municipal securities or the rights of municipal security holders in the event of a bankruptcy.
Municipal bankruptcies are rare, and certain provisions of the U.S. Bankruptcy Code governing such bankruptcies are unclear. Further, the application of state law to municipal security issuers could produce varying results among the states or among
municipal security issuers within a state. These uncertainties could have a significant impact on the prices of the municipal securities in which the Acquiring Fund invests. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Risk Factors and Special Considerations Relating to New York Municipal Securities</I>.
The Acquiring Fund will invest significantly in municipal securities issued by or on behalf of the State of New York and The City of New York. Risks affecting issuers of New York municipal securities include, but are not limited to, the costs of
provision of care for asylum seekers; the impact of <FONT STYLE="white-space:nowrap">COVID-19</FONT> on State revenue sources and the State&#146;s financial condition; general economic and business conditions; the condition of the national and State
economies and the collection of economically sensitive tax receipts in the amounts projected; national and international events; inflation; consumer confidence; commodity prices; supply chain disruptions; major terrorist events, hostilities or war;
climate change and extreme weather events; severe epidemic or pandemic events; cybersecurity threats; federal funding laws and regulations; financial sector compensation; monetary policy affecting interest rates and the financial markets; credit
rating agency actions; the impact of financial and real estate market developments on bonus income and capital gains realizations; technology industry developments and employment; the effect of household debt on consumer spending and State tax
collections; the outcome of litigation and other claims affecting the State, The City of New York and other New York public bodies; Federal tax law changes; actions by the Federal government to reduce or disallow expected aid, including Federal aid
authorized or appropriated by Congress, but subject to sequestration, administrative actions, or other actions that would reduce aid to the State; wage and benefit increases for State employees that exceed projected annual costs; changes in the size
of the State&#146;s workforce; the realization of the projected rate of return for pension fund assets and current assumptions with respect to wages for State employees affecting the State&#146;s required pension fund contributions; the willingness
and ability of the federal government to provide the aid expected in the State&#146;s Financial Plan; the ability of the State to implement cost reduction initiatives, including reductions in State agency operations; the success with which the State
controls expenditures; unanticipated growth in public assistance programs, including the assumed level of utilization of newly expanded benefits; and the ability of the State of New York, The City of New York and other New York public bodies to
issue securities successfully in the public credit markets. For additional information on New York State and New York City specific risks, see Appendix C &#150; Special Considerations Regarding Investments in New York Municipal Securities in the
Statement of Additional Information. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Taxability Risk.</I><B> </B>The Acquiring Fund intends to minimize the payment of taxable income
to shareholders by investing in <FONT STYLE="white-space:nowrap">tax-exempt</FONT> or municipal securities in reliance at the time of purchase on an opinion of bond counsel to the issuer that the interest paid on those securities will be excludable
from gross income for U.S. federal income tax purposes. Such securities, however, may be determined to pay, or have paid, taxable income subsequent to the Acquiring Fund&#146;s acquisition of the securities. In that event, the treatment of dividends
previously paid or to be paid by the Acquiring Fund as &#147;exempt interest dividends&#148; could be adversely affected, subjecting the Fund&#146;s shareholders to increased U.S. federal income tax liabilities. Alternatively, the Acquiring Fund
might enter into an agreement with the IRS to pay an agreed upon amount in lieu of the IRS adjusting individual shareholders&#146; income tax liabilities. If the Acquiring Fund agrees to enter into such an agreement, the Acquiring Fund&#146;s yield
could be adversely affected. Further, shareholders at the time the Acquiring Fund enters into such an agreement that were not shareholders when the dividends in question were paid would bear some cost for a benefit they did not receive. Federal tax
legislation may limit the types and volume of bonds the interest on which qualifies for a federal income <FONT STYLE="white-space:nowrap">tax-exemption.</FONT> As a result, current legislation and legislation that may be enacted in the future may
affect the availability of municipal securities for investment by the Acquiring Fund. In addition, future laws, regulations, rulings or court decisions may cause interest on municipal securities to be subject, directly or indirectly, to U.S. federal
income taxation or interest on state municipal securities to be subject to state or local income taxation, or the value of state municipal securities to be subject to state or local intangible personal property tax, or may otherwise prevent the Fund
from realizing the full current benefit of the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> status of such securities. Any such change could also affect the market price of such securities, and thus the value of an investment in the Acquiring
Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Insurance Risk.</I><B> </B>The Acquiring Fund may purchase municipal securities that are secured by insurance or may purchase
insurance for municipal securities it owns. Insurance guarantees that interest payments on a municipal security will be made on time and that the principal will be repaid when the security matures. Insurance is expected to protect the Fund against
losses caused by a municipal security issuer&#146;s failure to make interest and principal payments. However, insurance does not protect the Acquiring Fund or its shareholders against losses caused by declines in a municipal security&#146;s value.
Also, the Acquiring Fund cannot be certain that any insurance company will make the payments it guarantees. While an insured municipal security will typically be deemed to have the rating of its insurer, if the insurer of a municipal security
suffers a downgrade in its credit rating or the market discounts the value of the insurance provided by the insurer, the rating of the underlying municipal security will be more relevant and the value of the municipal security would more closely, if
not entirely, reflect such rating. The Acquiring Fund may lose money on its </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
investment if the insurance company does not make payments it guarantees. If a municipal security&#146;s insurer fails to fulfill its obligations or loses its credit rating, the value of the
security could drop. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Below Investment Grade Securities Risk.</I><B> </B>The Acquiring Fund may invest up to 20% of its Managed Assets
in securities that are rated, at the time of investment, below investment grade quality (rated Ba/BB or below by Moody&#146;s, S&amp;P or Fitch, or judged to be of comparable quality by the Investment Advisor), which are commonly referred to as
&#147;high yield&#148; or &#147;junk&#148; bonds and are regarded as predominantly speculative with respect to the issuer&#146;s capacity to pay interest and repay principal when due. The value of high yield, lower quality bonds is affected by the
creditworthiness of the issuers of the securities and by general economic and specific industry conditions. Issuers of high yield bonds are not perceived to be as strong financially as those with higher credit ratings. These issuers are more
vulnerable to financial setbacks and recession than more creditworthy issuers, which may impair their ability to make interest and principal payments. Lower grade securities may be particularly susceptible to economic downturns. It is likely that an
economic recession could severely disrupt the market for such securities and may have an adverse impact on the value of such securities. In addition, it is likely that any such economic downturn could adversely affect the ability of the issuers of
such securities to repay principal and pay interest thereon and increase the incidence of default for such securities. See &#147;&#151;Risk Associated with Recent Market Events.&#148; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Lower grade securities, though high yielding, are characterized by high risk. They may be subject to certain risks with respect to the issuing
entity and to greater market fluctuations than certain lower yielding, higher rated securities. The secondary market for lower grade securities may be less liquid than that for higher rated securities. Adverse conditions could make it difficult at
times for the Fund to sell certain securities or could result in lower prices than those used in calculating the Acquiring Fund&#146;s NAV. Because of the substantial risks associated with investments in lower grade securities, you could lose money
on your investment in common shares of the Acquiring Fund, both in the short-term and the long-term. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The prices of fixed-income
securities generally are inversely related to interest rate changes; however, below investment grade securities historically have been somewhat less sensitive to interest rate changes than higher quality securities of comparable maturity because
credit quality is also a significant factor in the valuation of lower grade securities. On the other hand, an increased rate environment results in increased borrowing costs generally, which may impair the credit quality of <FONT
STYLE="white-space:nowrap">low-grade</FONT> issuers and thus have a more significant effect on the value of some lower grade securities. In addition, the current <FONT STYLE="white-space:nowrap">low-rate</FONT> environment has expanded the historic
universe of buyers of lower grade securities as traditional investment grade oriented investors have been forced to accept more risk in order to maintain income. As rates rise, these recent entrants to the
<FONT STYLE="white-space:nowrap">low-grade</FONT> securities market may exit the market and reduce demand for lower grade securities, potentially resulting in greater price volatility. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The ratings of Moody&#146;s, S&amp;P, Fitch and other rating agencies represent their opinions as to the quality of the obligations which they
undertake to rate. Ratings are relative and subjective and, although ratings may be useful in evaluating the safety of interest and principal payments, they do not evaluate the market value risk of such obligations. Although these ratings may be an
initial criterion for selection of portfolio investments, the Investment Advisor also will independently evaluate these securities and the ability of the issuers of such securities to pay interest and principal. To the extent that the Fund invests
in lower grade securities that have not been rated by a rating agency, the Acquiring Fund&#146;s ability to achieve its investment objective will be more dependent on the Investment Advisor&#146;s credit analysis than would be the case when the Fund
invests in rated securities. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Indexed and Inverse Securities Risk</I>. Investments in inverse floaters, residual interest TOBs and
similar instruments expose the Acquiring Fund to the same risks as investments in fixed-income securities and derivatives, as well as other risks, including those associated with leverage and increased volatility. An investment in these securities
typically will involve greater risk than an investment in a fixed rate security. Distributions on inverse floaters, residual interest TOBs and similar instruments will typically bear an inverse relationship to short-term interest rates and typically
will be reduced or, potentially, eliminated as interest rates rise. Inverse floaters, residual interest TOBs and similar instruments will underperform the market for fixed rate securities in a rising interest rate environment. Inverse floaters may
be considered to be leveraged to the extent that their interest rates vary by a magnitude that exceeds the magnitude of the change in a reference rate of interest (typically a short-term interest rate). The leverage inherent in inverse floaters is
associated with greater volatility in their market values. Investments in inverse floaters, residual interest TOBs and similar instruments that have fixed-income securities underlying them will expose the Acquiring Fund to the risks
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
associated with those fixed-income securities and the values of those investments may be especially sensitive to changes in prepayment rates on the underlying fixed-income securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>U.S. Government Securities Risk</I>. U.S. Government debt securities generally involve lower levels of credit risk than other types of
fixed-income securities of similar maturities, although, as a result, the yields available from U.S. Government debt securities are generally lower than the yields available from such other securities. Like other fixed-income securities, the values
of U.S. Government securities change as interest rates fluctuate. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Variable Rate Demand Obligations Risk.</I><B> </B>Variable rate
demand obligations (&#147;VRDOs&#148;) are floating rate securities that combine an interest in a long-term municipal bond with a right to demand payment before maturity from a bank or other financial institution. If the bank or financial
institution is unable to pay, the Acquiring Fund may lose money. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Leverage Risk.</I><B> </B>The use of leverage creates an opportunity
for increased common share net investment income dividends, but also creates risks for the holders of common shares. The Acquiring Fund cannot assure you that the use of leverage, if employed, will result in a higher yield on the common shares. Any
leveraging strategy the Acquiring Fund employs may not be successful. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Leverage involves risks and special considerations for common
shareholders, including: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the likelihood of greater volatility of NAV, market price and dividend rate of the common shares than a
comparable portfolio without leverage; </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the risk that fluctuations in interest rates or dividend rates on any leverage that the Acquiring Fund must pay
will reduce the return to the common shareholders; </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the effect of leverage in a declining market, which is likely to cause a greater decline in the NAV of the common
shares than if the Acquiring Fund were not leveraged, which may result in a greater decline in the market price of the common shares; </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">when the Acquiring Fund uses financial leverage, the management fee payable to the Investment Advisor will be
higher than if the Acquiring Fund did not use leverage; and </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">leverage may increase operating costs, which may reduce total return. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Any decline in the NAV of the Acquiring Fund&#146;s investments will be borne entirely by the holders of common shares. Therefore, if the
market value of the Acquiring Fund&#146;s portfolio declines, leverage will result in a greater decrease in NAV to the common shareholders than if the Acquiring Fund were not leveraged. This greater NAV decrease will also tend to cause a greater
decline in the market price for the common shares. While the Acquiring Fund may from time to time consider reducing any outstanding leverage in response to actual or anticipated changes in interest rates in an effort to mitigate the increased
volatility of current income and NAV associated with leverage, there can be no assurance that the Acquiring Fund will actually reduce any outstanding leverage in the future or that any reduction, if undertaken, will benefit the holders of common
shares. Changes in the future direction of interest rates are very difficult to predict accurately. If the Acquiring Fund were to reduce any outstanding leverage based on a prediction about future changes to interest rates, and that prediction
turned out to be incorrect, the reduction in any outstanding leverage would likely operate to reduce the income and/or total returns to the holders of common shares relative to the circumstance where the Acquiring Fund had not reduced any of its
outstanding leverage. The Acquiring Fund may decide that this risk outweighs the likelihood of achieving the desired reduction to volatility in income and share price if the prediction were to turn out to be correct, and determine not to reduce any
of its outstanding leverage as described above. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund currently utilizes leverage through the issuance of VRDP Shares and
investments in TOB Residuals (see &#147;Risk Factors and Special Considerations&#151;General Risks of Investing in the Acquiring Fund&#151;Tender Option Bond Risk&#148; and &#147;The Acquiring Fund&#146;s Investments&#151;Investment Objective and
Policies&#151;Leverage&#151;Tender Option Bond Transactions&#148;). The Acquiring Fund may enter into derivative instruments, including investments in TOB Residuals, with leverage embedded in them. See &#147;Risk Factors and Special
Considerations&#151;General Risks of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Investing in the Acquiring Fund&#151;Strategic Transactions and Derivatives Risk.&#148; Under Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act, among other things, the
Acquiring Fund must either use derivatives in a limited manner or comply with an outer limit on fund leverage risk based on <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">value-at-risk.</FONT></FONT> The use of leverage may cause
the Acquiring Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations or to meet the applicable requirements of 1940 Act and the rules thereunder. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Because the Acquiring Fund&#146;s management fee is calculated as a percentage of the Acquiring Fund&#146;s net assets, which, for such
purposes, include those assets purchased with leverage, during periods in which the Acquiring Fund is using leverage, the fee paid to the Investment Advisor will be higher than if the Acquiring Fund did not use leverage. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain types of leverage used by the Acquiring Fund may result in the Acquiring Fund being subject to covenants relating to asset coverage
and portfolio composition requirements. The Acquiring Fund may be subject to certain restrictions on investments imposed by guidelines of one or more rating agencies, which issue ratings for the VRDP Shares issued by the Acquiring Fund, or the
governing instrument for the Acquiring Fund VRDP Shares. These guidelines may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the 1940 Act. The Investment Advisor does not believe that these
covenants or guidelines will impede it from managing the Acquiring Fund&#146;s portfolio in accordance with the Acquiring Fund&#146;s investment objective and policies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While there are any preferred shares of the Acquiring Fund outstanding, the Acquiring Fund may not declare any cash dividend or other
distribution on its common shares, unless at the time of such declaration, (i)&nbsp;all accrued preferred shares dividends have been paid and (ii)&nbsp;the value of the Acquiring Fund&#146;s total assets (determined after deducting the amount of
such dividend or other distribution), less all liabilities and indebtedness of the Acquiring Fund, is at least 200% (as required by the 1940 Act) of the liquidation preference of the outstanding preferred shares (expected to equal the aggregate
original purchase price of the outstanding preferred shares plus any accrued and unpaid dividends thereon, whether or not earned or declared on a cumulative basis). This limitation on the Acquiring Fund&#146;s ability to make distributions on its
common shares could in certain circumstances impair the ability of the Acquiring Fund to maintain its qualification for taxation as a regulated investment company under the Code. The Acquiring Fund may, however, to the extent possible, purchase or
redeem preferred shares from time to time to maintain compliance with such asset coverage requirements and may pay special dividends to the holders of the preferred shares in certain circumstances in connection with any such impairment of the
Acquiring Fund&#146;s status as a regulated investment company under the Code. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may invest in the securities of other
investment companies. Such investment companies may also be leveraged, and will therefore be subject to the leverage risks described above. This additional leverage may in certain market conditions reduce the NAV of the Acquiring Fund&#146;s common
shares and the returns to the holders of common shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Tender Option Bond Risk. </I>The Acquiring Fund currently leverages its assets
through the use of TOB Residuals, which are derivative interests in municipal bonds. The TOB Residuals in which the Acquiring Fund may invest pay interest or income that, in the opinion of counsel to the issuer of such TOB Residuals, is exempt from
regular U.S. federal income tax. No independent investigation will be made to confirm <FONT STYLE="white-space:nowrap">the&nbsp;tax-exempt&nbsp;status</FONT> of the interest or income paid by TOB Residuals held by the Acquiring Fund. There is no
assurance that the Acquiring Fund&#146;s strategy of using TOB Residuals to leverage its assets, if employed, will be successful. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">TOB
Residuals represent beneficial interests in a special purpose trust formed for the purpose of holding municipal bonds contributed by one or more funds (a &#147;TOB Trust&#148;). A TOB Trust typically issues two classes of beneficial interests:
short-term floating rate interests (&#147;TOB Floaters&#148;), which are sold to third party investors, and TOB Residuals, which are generally issued to the fund(s) that transferred municipal bonds to the TOB Trust. TOB Floaters may have first
priority on the cash flow from the municipal bonds held by the TOB Trust and are enhanced with a liquidity support arrangement provided by a third-party bank or other financial institution (the &#147;TOBs Liquidity Provider&#148;) which allows
holders to tender their position at par (plus accrued interest). The Acquiring Fund, as a holder of TOB Residuals, is paid the residual cash flow from the TOB Trust after payment of TOB Trust expenses and interest on the TOB Floaters. As result,
distributions on TOB Residuals will bear an inverse relationship to short-term municipal security interest rates. Distributions on the TOB Residuals paid to the Acquiring Fund will be reduced or, in the extreme, eliminated as short-term municipal
interest rates rise and will increase when short-term municipal </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
interest rates fall. The amount of such reduction or increase is a function, in part, of the amount of TOB Floaters sold by the TOB Trust relative to the amount of the TOB Residuals that it
sells. The greater the amount of TOB Floaters sold relative to the TOB Residuals, the more volatile the distributions on the TOB Residuals will be. Short-term interest rates have been at historic lows in recent years, but have begun to increase and
are generally expected to continue to do so in the current market environment. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The municipal bonds transferred to a TOB Trust typically
are high grade municipal bonds. In certain cases, when municipal bonds transferred are lower grade municipal bonds, the TOB Trust transaction includes a credit enhancement feature that provides for the timely payment of principal and interest on the
bonds to the TOB Trust by a credit enhancement provider. The TOB Trust would be responsible for the payment of the credit enhancement fee and the Acquiring Fund, as a TOB Residual holder, would be responsible for reimbursement of any payments of
principal and interest made by the credit enhancement provider. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Any leverage achieved through the Acquiring Fund&#146;s investment in TOB
Residuals will increase the possibility that common share long-term returns will be diminished if the cost of the TOB Floaters issued by a TOB Trust exceeds the return on the securities in the TOB Trust. If the income and gains earned on municipal
securities owned by a TOB Trust that issues TOB Residuals to the Acquiring Fund are greater than the payments due on the TOB Floaters issued by the TOB Trust, the Acquiring Fund&#146;s returns will be greater than if it had not invested in the TOB
Residuals. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Although the Acquiring Fund generally would unwind a TOB transaction rather than try to sell a TOB Residual, if it did try to
sell a TOB Residual, its ability to do so would depend on the liquidity of the TOB Residual. TOB Residuals have varying degrees of liquidity based, among other things, upon the liquidity of the underlying securities deposited in the TOB Trust. The
market price of TOB Residuals is more volatile than the underlying municipal bonds due to leverage. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The leverage attributable to the
Acquiring Fund&#146;s use of TOB Residuals may be &#147;called away&#148; on relatively short notice and therefore may be less permanent than more traditional forms of leverage. The TOB Trust may be collapsed without the consent of the Acquiring
Fund upon the occurrence of termination events, as defined in the TOB Trust agreements, including if TOB Floaters that are tendered to the TOBs Liquidity Provider cannot be remarketed. Attempts to remarket tendered securities often failed during
volatile market conditions in the past. Upon the occurrence of a termination event, a TOB Trust would be liquidated with the proceeds applied first to any accrued fees owed to the trustee of the TOB Trust, the remarketing agent of the TOB Floaters
and the TOBs Liquidity Provider. Upon certain termination events, the holders of the TOB Floaters would be paid before the TOB Residual holders (<I>i.e.</I>, the Acquiring Fund) whereas in other termination events, the TOB Floater and TOB Residual
holders would be paid pro rata. If the proceeds upon liquidation of a TOB Trust, net of payment of fees, are less than the aggregate amount the TOB Residual and TOB Floater holders invested in the TOB Trust, the Fund as a TOB Residual holder will
realize a loss on its investment, particularly if the TOB Floater holders are paid before the TOB Residual holders. The risk of such a loss may be greater during volatile market conditions when it may be difficult to sell the bonds held by a TOB
Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may invest in a TOB Trust on either <FONT STYLE="white-space:nowrap">a&nbsp;non-recourse&nbsp;or</FONT>
recourse basis. If the Acquiring Fund invests in a TOB Trust on a recourse basis, it will typically enter into a reimbursement agreement with the TOBs Liquidity Provider pursuant to which the Acquiring Fund is required to reimburse the TOBs
Liquidity Provider the balance, if any, of the amount owed under the liquidity facility over the liquidation proceeds (the &#147;Liquidation Shortfall&#148;). As a result, if the Acquiring Fund invests in a recourse TOB Trust, the Acquiring Fund
will bear the risk of loss with respect to any Liquidation Shortfall. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund structures and &#147;sponsors&#148; the TOB
Trusts in which it holds TOB Residuals and has certain duties and responsibilities, which may give rise to certain additional risks including, but not limited to, compliance, securities law and operational risks. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">TOB Trusts constitute an important component of the municipal bond market. Any modifications or changes to the rules governing TOB Trusts may
adversely impact the municipal market and the Acquiring Fund, including through reduced demand for and liquidity of municipal bonds and increased financing costs for municipal issuers. The ultimate impact of any potential modifications on the TOB
market and the overall municipal market is not yet certain. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Please see &#147;The Acquiring Fund&#146;s Investments&#151;Investment Objective and
Policies&#151;Leverage&#151;Tender Option Bond Transactions&#148; for additional information. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Reverse Repurchase Agreements Risk.</I>
Reverse repurchase agreements involve the sale of securities held by the Acquiring Fund with an agreement to repurchase the securities at an agreed-upon price, date and interest payment. Reverse repurchase agreements involve the risk that the other
party may fail to return the securities in a timely manner or at all. The Acquiring Fund could lose money if it is unable to recover the securities and the value of the collateral held by the Acquiring Fund, including the value of the investments
made with cash collateral, is less than the value of the securities. These events could also trigger adverse tax consequences for the Acquiring Fund. In addition, reverse repurchase agreements involve the risk that the interest income earned in the
investment of the proceeds will be less than the interest expense. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Dollar Rolls Risk. </I>Dollar roll transactions involve the risk
that the market value of the securities the Acquiring Fund is required to purchase may decline below the agreed upon repurchase price of those securities. If the broker/dealer to whom the Acquiring Fund sells securities becomes insolvent, the
Acquiring Fund&#146;s right to purchase or repurchase securities may be restricted. Successful use of dollar rolls may depend upon the Investment Advisor&#146;s ability to predict correctly interest rates and prepayments. There is no assurance that
dollar rolls can be successfully employed. These transactions may involve leverage. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Restricted and Illiquid Investments Risk:</I><B>
</B>The Acquiring Fund may invest without limitation in illiquid or less liquid investments or investments in which no secondary market is readily available or which are otherwise illiquid, including private placement securities. The Acquiring Fund
may not be able to readily dispose of such investments at prices that approximate those at which the Acquiring Fund could sell such investments if they were more widely traded and, as a result of such illiquidity, the Acquiring Fund may have to sell
other investments or engage in borrowing transactions if necessary to raise cash to meet its obligations. Limited liquidity can also affect the market price of investments, thereby adversely affecting the Acquiring Fund&#146;s NAV and ability to
make dividend distributions. The financial markets have in recent years experienced periods of extreme secondary market supply and demand imbalance, resulting in a loss of liquidity during which market prices were suddenly and substantially below
traditional measures of intrinsic value. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. Periods of such market dislocation may occur again at any time. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Restricted securities are securities that may not be sold to the public without an effective registration statement under the Securities Act,
or that may be sold only in a privately negotiated transaction or pursuant to an exemption from registration. For example, Rule 144A under the Securities Act provides an exemption from the registration requirements of the Securities Act for the
resale of certain restricted securities to qualified institutional buyers, such as the Acquiring Fund. However, an insufficient number of qualified institutional buyers interested in purchasing the Rule 144A-eligible securities that the Acquiring
Fund holds could affect adversely the marketability of certain Rule 144A securities, and the Acquiring Fund might be unable to dispose of such securities promptly or at reasonable prices. When registration is required to sell a security, the
Acquiring Fund may be obligated to pay all or part of the registration expenses and considerable time may pass before the Acquiring Fund is permitted to sell a security under an effective registration statement. If adverse market conditions develop
during this period, the Acquiring Fund might obtain a less favorable price than the price that prevailed when the Acquiring Fund decided to sell. The Acquiring Fund may be unable to sell restricted and other illiquid investments at opportune times
or prices. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Strategic Transactions and Derivatives Risk.</I><B> </B>The Acquiring Fund may purchase and sell futures contracts, enter
into various interest rate transactions and swap contracts (including, but not limited to, credit default swaps) and may purchase and sell exchange-listed and
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> (&#147;OTC&#148;) put and call options on securities and swap contracts, financial indices and futures contracts and use other derivative instruments or
management techniques (collectively, &#147;Strategic Transactions&#148;) for duration management and other investment and risk management purposes, including to attempt to protect against possible changes in the market value of the Acquiring
Fund&#146;s portfolio resulting from trends in the securities markets and changes in interest rates or to protect the Acquiring Fund&#146;s unrealized gains in the value of its portfolio securities, to facilitate the sale of portfolio securities for
investment purposes or to establish a position in the securities markets as a temporary substitute for purchasing particular securities or to enhance income or gain. Derivatives are financial contracts or instruments whose value depends on, or is
derived from, the value of an underlying asset, reference rate or index (or relationship between two indices). The Acquiring Fund also may use derivatives to add leverage to the portfolio and/or to hedge against increases in the Acquiring
Fund&#146;s costs associated </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
with any leverage strategy that it may employ. The use of Strategic Transactions to enhance current income may be speculative. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Strategic Transactions involve risks. The risks associated with Strategic Transactions include (i)&nbsp;the imperfect correlation between the
value of such instruments and the underlying assets, (ii)&nbsp;the possible default of the counterparty to the transaction, (iii)&nbsp;illiquidity of the derivative instruments, and (iv)&nbsp;high volatility losses caused by unanticipated market
movements, which are potentially unlimited. Although both OTC and exchange-traded derivatives markets may experience a lack of liquidity, OTC <FONT STYLE="white-space:nowrap">non-standardized</FONT> derivative transactions are generally less liquid
than exchange-traded instruments. The illiquidity of the derivatives markets may be due to various factors, including congestion, disorderly markets, limitations on deliverable supplies, the participation of speculators, government regulation and
intervention, and technical and operational or system failures. In addition, daily limits on price fluctuations and speculative position limits on exchanges on which the Acquiring Fund may conduct its transactions in derivative instruments may
prevent prompt liquidation of positions, subjecting the Acquiring Fund to the potential of greater losses. Furthermore, the Acquiring Fund&#146;s ability to successfully use Strategic Transactions depends on the Investment Advisor&#146;s ability to
predict pertinent asset prices, interest rates, currency exchange rates and other economic factors, which cannot be assured. The use of Strategic Transactions may result in losses greater than if they had not been used, may require the Acquiring
Fund to sell or purchase portfolio securities at inopportune times or for prices other than current market values, may limit the amount of appreciation the Acquiring Fund can realize on an investment or may cause the Acquiring Fund to hold a
security that it might otherwise sell. Additionally, amounts paid by the Acquiring Fund as premiums and cash or other assets held in margin accounts with respect to Strategic Transactions are not otherwise available to the Acquiring Fund for
investment purposes. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Exchange-traded derivatives and OTC derivative transactions submitted for clearing through a central counterparty
have become subject to minimum initial and variation margin requirements set by the relevant clearinghouse, as well as possible margin requirements mandated by the SEC or the Commodity Futures Trading Commission (&#147;CFTC&#148;). The CFTC and
federal banking regulators also have imposed margin requirements on <FONT STYLE="white-space:nowrap">non-cleared</FONT> OTC derivatives, and the SEC&#146;s <FONT STYLE="white-space:nowrap">non-cleared</FONT> margin requirements for security-based
swaps became effective on November&nbsp;1, 2021. Applicable margin requirements may increase the overall costs for the Acquiring Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Many OTC derivatives are valued on the basis of dealers&#146; pricing of these instruments. However, the price at which dealers value a
particular derivative and the price that the same dealers would actually be willing to pay for such derivative should the Acquiring Fund wish or be forced to sell such position may be materially different. Such differences can result in an
overstatement of the Acquiring Fund&#146;s NAV and may materially adversely affect the Acquiring Fund in situations in which the Acquiring Fund is required to sell derivative instruments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. Hedges are sometimes subject to imperfect matching
between the derivative and the underlying security, and there can be no assurance that the Acquiring Fund&#146;s hedging transactions will be effective. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Derivatives may give rise to a form of leverage and may expose the Acquiring Fund to greater risk and increase its costs. Recent legislation
calls for new regulation of the derivatives markets. The extent and impact of the regulation is not yet known and may not be known for some time. New regulation may make derivatives more costly, may limit the availability of derivatives, or may
otherwise adversely affect the value or performance of derivatives. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Future regulatory developments may impact the Acquiring Fund&#146;s
ability to invest or remain invested in certain derivatives. Legislation or regulation may also change the way in which the Acquiring Fund itself is regulated. The Investment Advisor cannot predict the effects of any new governmental regulation that
may be implemented on the ability of the Acquiring Fund to use swaps or any other financial derivatives product, and there can be no assurance that any new governmental regulation will not adversely affect the Acquiring Fund&#146;s ability to
achieve its investment objective. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>U.S. Government Securities Risk</I>. U.S. Government debt securities generally involve lower levels
of credit risk than other types of fixed-income securities of similar maturities, although, as a result, the yields available from U.S. Government debt securities are generally lower than the yields available from such other securities. Like other
fixed-income securities, the values of U.S. Government securities change as interest rates fluctuate. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Market and Selection Risk</I>. Market risk is the possibility that the market values of
securities and other assets owned by the Acquiring Fund will decline. There is a risk that equity and/or bond markets will go down in value, including the possibility that such markets will go down sharply and unpredictably. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Stock markets are volatile, and the price of equity securities fluctuates based on changes in a company&#146;s financial condition and overall
market and economic conditions. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Acquiring Fund and its
investments. An adverse event, such as an unfavorable earnings report, may depress the value of a particular common stock held by the Acquiring Fund. Also, the price of common stocks is sensitive to general movements in the stock market and a drop
in the stock market may depress the price of common stocks to which the Acquiring Fund has exposure. Common stock prices fluctuate for several reasons, including changes in investors&#146; perceptions of the financial condition of an issuer or the
general condition of the relevant stock market, or when political or economic events affecting the issuers occur. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The prices of
fixed-income securities tend to fall as interest rates rise, and such declines tend to be greater among fixed-income securities with longer maturities. Market risk is often greater among certain types of fixed-income securities, such as zero-coupon
bonds that do not make regular interest payments but are instead bought at a discount to their face values and paid in full upon maturity. As interest rates change, these securities often fluctuate more in price than securities that make regular
interest payments and therefore subject the Acquiring Fund to greater market risk than a fund that does not own these types of securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When-issued and delayed delivery transactions are subject to changes in market conditions from the time of the commitment until settlement,
which may adversely affect the prices or yields of the securities being purchased. The greater the Acquiring Fund&#146;s outstanding commitments for these securities, the greater the Fund&#146;s exposure to market price fluctuations. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Selection risk is the risk that the securities that the Acquiring Fund&#146;s management selects will underperform the equity and/or bond
market, the market relevant indices or other funds with similar investment objectives and investment strategies. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Shareholder Activism
Risk</I>. Shareholder activism involving <FONT STYLE="white-space:nowrap">closed-end</FONT> funds has recently been increasing. Shareholder activism can take many forms, including engaging in public campaigns to demand that the Acquiring Fund
consider significant transactions such as a tender offer, merger or liquidation or to attempt to influence the Acquiring Fund&#146;s corporate governance and/or management, commencing proxy contests to attempt to elect the activists&#146;
representatives or others to the Acquiring Fund&#146;s Board, or to seek other actions such as a termination of the Acquiring Fund&#146;s investment advisory contract with its current investment manager or commencing litigation. If the Acquiring
Fund becomes the subject of shareholder activism, then management and the Board may be required to divert significant resources and attention to respond to the activist and the Acquiring Fund may incur substantial costs defending against such
activism if management and the Board determine that the activist&#146;s demands are not in the best interest of the Acquiring Fund. Further, the Acquiring Fund&#146;s share price could be subject to significant fluctuation or otherwise be adversely
affected by the events, risks and uncertainties of any shareholder activism. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Risks </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Alternative Minimum Tax and Capital Gain Tax Risk</I>. The Acquiring Fund expects that a portion of the interest or income it produces will
be includable in alternative minimum taxable income. There is no limit on the portion of the Acquiring Fund&#146;s assets that may be invested in municipal securities the income from which would be subject to the alternative minimum tax. Exempt
interest dividends also are likely to be subject to state and local income taxes. Distributions of any capital gain or other taxable income will be taxable to shareholders. The Acquiring Fund&#146;s common shares may not be a suitable investment for
investors who are subject to the federal alternative minimum tax or who would become subject to such tax by purchasing common shares. The suitability of an investment in common shares will depend upon a comparison of
<FONT STYLE="white-space:nowrap">the&nbsp;after-tax&nbsp;yield</FONT> likely to be provided from the Acquiring Fund with that from <FONT STYLE="white-space:nowrap">comparable&nbsp;tax-exempt&nbsp;investments</FONT> not subject to the alternative
minimum tax, and from comparable fully taxable investments, in light of each such investor&#146;s tax position. Special considerations apply to corporate investors. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Yield and Ratings Risk.</I><B> </B>The yields on debt obligations are dependent on a
variety of factors, including general market conditions, conditions in the particular market for the obligation, the financial condition of the issuer, the size of the offering, the maturity of the obligation and the ratings of the issue. The
ratings of Moody&#146;s, S&amp;P and Fitch represent their respective opinions as to the quality of the obligations they undertake to rate. Ratings, however, are general and are not absolute standards of quality. Consequently, obligations with the
same rating, maturity and interest rate may have different market prices. Subsequent to its purchase by the Acquiring Fund, a rated security may cease to be rated. The Investment Advisor will consider such an event in determining whether the
Acquiring Fund should continue to hold the security. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Unrated Securities Risk.</I> Because the Acquiring Fund may purchase securities
that are not rated by any rating organization, the Investment Advisor may, after assessing their credit quality, internally assign ratings to certain of those securities in categories similar to those of rating organizations. Some unrated securities
may not have an active trading market or may be difficult to value, which means the Acquiring Fund might have difficulty selling them promptly at an acceptable price. To the extent that the Acquiring Fund invests in unrated securities, the Acquiring
Fund&#146;s ability to achieve its investment objective will be more dependent on the Investment Advisor&#146;s credit analysis than would be the case when the Acquiring Fund invests in rated securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Investment Companies and ETFs Risk. The</I> Acquiring Fund may invest in other investment companies, including ETFs or business development
companies (&#147;BDCs&#148;), some of which may be affiliated investment companies. The market value of the shares of other investment companies may differ from their NAV. As an investor in investment companies, including ETFs or BDCs, the Acquiring
Fund would bear its ratable share of that entity&#146;s expenses, including its investment advisory and administration fees, while continuing to pay its own advisory and administration fees and other expenses (to the extent not offset by the
Investment Advisor through waivers). As a result, shareholders will be absorbing duplicate levels of fees with respect to investments in other investment companies, including ETFs or BDCs (to the extent not offset by the Investment Advisor through
waivers). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The securities of other investment companies, including ETFs or BDCs, in which the Acquiring Fund may invest may be leveraged.
As a result, the Acquiring Fund may be indirectly exposed to leverage through an investment in such securities. An investment in securities of other investment companies, including ETFs or BDCs, that use leverage may expose the Acquiring Fund to
higher volatility in the market value of such securities and the possibility that the Acquiring Fund&#146;s long-term returns on such securities (and, indirectly, the long-term returns of the Acquiring Fund&#146;s common shares) will be diminished.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The portfolios of ETFs are generally not actively managed and may be affected by a general decline in market segments relating to its
index. An ETF typically invests in securities included in, or representative of, its index regardless of their investment merits and does not attempt to take defensive positions in declining markets. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Zero-Coupon Securities Risk. </I>Zero-coupon securities are securities that are sold at a discount to par value and do not pay interest
during the life of the security. The discount approximates the total amount of interest the security will accrue and compound over the period until maturity at a rate of interest reflecting the market rate of the security at the time of issuance.
Upon maturity, the holder of a <FONT STYLE="white-space:nowrap">zero-coupon</FONT> security is entitled to receive the par value of the security. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While interest payments are not made on zero coupon securities, holders of such securities are deemed to have received income (&#147;phantom
income&#148;) annually, notwithstanding that cash may not be received currently. The effect of owning instruments that do not make current interest payments is that a fixed yield is earned not only on the original investment but also, in effect, on
all discount accretion during the life of the obligations. This implicit reinvestment of earnings at a fixed rate eliminates the risk of being unable to invest distributions at a rate as high as the implicit yield on the <FONT
STYLE="white-space:nowrap">zero-coupon</FONT> bond, but at the same time eliminates the holder&#146;s ability to reinvest at higher rates in the future. For this reason, some of these securities may be subject to substantially greater price
fluctuations during periods of changing market interest rates than are comparable securities that pay interest currently. Longer-term <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds are more exposed to interest rate risk than shorter-term <FONT
STYLE="white-space:nowrap">zero-coupon</FONT> bonds. These investments benefit the issuer by mitigating its need for cash to meet debt service, but also require a higher rate of return to attract investors who are willing to defer receipt of cash.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund accrues income with respect to these securities for U.S. federal income tax and accounting purposes prior to the
receipt of cash payments. Zero-coupon securities may be subject to greater fluctuation in value </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
and less liquidity in the event of adverse market conditions than comparably rated securities that pay cash interest at regular intervals. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Further, to maintain its qualification for pass-through treatment under the federal tax laws, the Acquiring Fund is required to distribute
income to its stockholders and, consequently, may have to dispose of other, more liquid portfolio securities under disadvantageous circumstances or may have to leverage itself by borrowing in order to generate the cash to satisfy these
distributions. The required distributions may result in an increase in the Acquiring Fund&#146;s exposure to <FONT STYLE="white-space:nowrap">zero-coupon</FONT> securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition to the above-described risks, there are certain other risks related to investing in
<FONT STYLE="white-space:nowrap">zero-coupon</FONT> securities. During a period of severe market conditions, the market for such securities may become even less liquid. In addition, as these securities do not pay cash interest, the Acquiring
Fund&#146;s investment exposure to these securities and their risks, including credit risk, will increase during the time these securities are held in the Acquiring Fund&#146;s portfolio. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>When-Issued, Forward Commitment and Delayed Delivery Transactions Risk. </I>The Acquiring Fund may purchase securities on a when-issued
basis (including on a forward commitment or &#147;TBA&#148; (to be announced) basis) and may purchase or sell securities for delayed delivery. When-issued and delayed delivery transactions occur when securities are purchased or sold by the Acquiring
Fund with payment and delivery taking place in the future to secure an advantageous yield or price. Securities purchased on a when-issued or delayed delivery basis may expose the Acquiring Fund to counterparty risk of default as well as the risk
that securities may experience fluctuations in value prior to their actual delivery. The Acquiring Fund will not accrue income with respect to a when-issued or delayed delivery security prior to its stated delivery date. Purchasing securities on a
when-issued or delayed delivery basis can involve the additional risk that the price or yield available in the market when the delivery takes place may not be as favorable as that obtained in the transaction itself. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Repurchase Agreements Risk.</I> Subject to its investment objective and policies, the Acquiring Fund may invest in repurchase agreements.
Repurchase agreements typically involve the acquisition by the Acquiring Fund of fixed-income securities from a selling financial institution such as a bank, savings and loan association or broker-dealer. The agreement provides that the Acquiring
Fund will sell the securities back to the institution at a fixed time in the future. The Acquiring Fund does not bear the risk of a decline in the value of the underlying security unless the seller defaults under its repurchase obligation. In the
event of the bankruptcy or other default of a seller of a repurchase agreement, the Acquiring Fund could experience both delays in liquidating the underlying securities and losses, including possible decline in the value of the underlying security
during the period in which the Acquiring Fund seeks to enforce its rights thereto; possible lack of access to income on the underlying security during this period; and expenses of enforcing its rights. While repurchase agreements involve certain
risks not associated with direct investments in fixed-income securities, the Acquiring Fund follows procedures approved by the Board that are designed to minimize such risks. In addition, the value of the collateral underlying the repurchase
agreement will be at least equal to the repurchase price, including any accrued interest earned on the repurchase agreement. In the event of a default or bankruptcy by a selling financial institution, the Acquiring Fund generally will seek to
liquidate such collateral. However, the exercise of the Acquiring Fund&#146;s right to liquidate such collateral could involve certain costs or delays and, to the extent that proceeds from any sale upon a default of the obligation to repurchase were
less than the repurchase price, the Acquiring Fund could suffer a loss. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Swaps Risk.</I> Swaps are a type of derivative. Swap
agreements involve the risk that the party with which the Acquiring Fund has entered into the swap will default on its obligation to pay the Acquiring Fund and the risk that the Acquiring Fund will not be able to meet its obligations to pay the
other party to the agreement. To seek to hedge the value of the Acquiring Fund&#146;s portfolio, to hedge against increases in the Acquiring Fund&#146;s cost associated with interest payments on any outstanding borrowings or to increase the
Acquiring Fund&#146;s return, the Acquiring Fund may enter into swaps, including interest rate swap, total return swap (sometimes referred to as a &#147;contract for difference&#148;) and/or credit default swap transactions. In interest rate swap
transactions, there is a risk that yields will move in the direction opposite of the direction anticipated by the Acquiring Fund, which would cause the Acquiring Fund to make payments to its counterparty in the transaction that could adversely
affect Acquiring Fund performance. In addition to the risks applicable to swaps generally (including counterparty risk, high volatility, liquidity risk and credit risk), credit default swap transactions involve special risks because they are
difficult to value, are highly susceptible to liquidity and credit risk, and generally pay a return to the party that has paid the premium only in the event of an actual default by the issuer of the underlying obligation (as opposed to a credit
downgrade or other indication of financial difficulty). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">35 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Historically, swap transactions have been individually negotiated <FONT
STYLE="white-space:nowrap">non-standardized</FONT> transactions entered into in OTC markets and have not been subject to the same type of government regulation as exchange-traded instruments. However, since the global financial crisis, the OTC
derivatives markets have become subject to comprehensive statutes and regulations. In particular, in the United States, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the &#147;Dodd-Frank Act&#148;) requires that certain
derivatives with U.S. persons must be executed on a regulated market and a substantial portion of OTC derivatives must be submitted for clearing to regulated clearinghouses. As a result, swap transactions entered into by the Acquiring Fund may
become subject to various requirements applicable to swaps under the Dodd-Frank Act, including clearing, exchange-execution, reporting and recordkeeping requirements, which may make it more difficult and costly for the Acquiring Fund to enter into
swap transactions and may also render certain strategies in which the Acquiring Fund might otherwise engage impossible or so costly that they will no longer be economical to implement. Furthermore, the number of counterparties that may be willing to
enter into swap transactions with the Acquiring Fund may also be limited if the swap transactions with the Acquiring Fund are subject to the swap regulation under the Dodd-Frank Act. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Credit default and total return swap agreements may effectively add leverage to the Acquiring Fund&#146;s portfolio because, in addition to
its managed assets, the Acquiring Fund would be subject to investment exposure on the notional amount of the swap. Total return swap agreements are subject to the risk that a counterparty will default on its payment obligations to the Acquiring Fund
thereunder. The Acquiring Fund is not required to enter into swap transactions for hedging purposes or to enhance income or gain and may choose not to do so. In addition, the swaps market is subject to a changing regulatory environment. It is
possible that regulatory or other developments in the swaps market could adversely affect the Acquiring Fund&#146;s ability to successfully use swaps. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Nonpayment Risk</I>. MYN Municipal Bonds, like other debt obligations, are subject to the risk of nonpayment. The ability of issuers of
municipal securities to make timely payments of interest and principal may be adversely impacted in general economic downturns and as relative governmental cost burdens are allocated and reallocated among federal, state and local governmental units.
Such nonpayment would result in a reduction of income to the Acquiring Fund and could result in a reduction in the value of the municipal security experiencing nonpayment and a potential decrease in the NAV of the Acquiring Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Spread Risk. </I>Wider credit spreads and decreasing market values typically represent a deterioration of a debt security&#146;s credit
soundness and a perceived greater likelihood or risk of default by the issuer. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Inflation Risk.</I><B> </B>Inflation risk is the risk
that the value of assets or income from investment will be worth less in the future, as inflation decreases the value of money. Inflation rates may change frequently and drastically as a result of various factors, including unexpected shifts in the
domestic or global economy. As inflation increases, the real value of the common shares and distributions on those shares can decline. In addition, during any periods of rising inflation, interest rates on any borrowings by the Acquiring Fund would
likely increase, which would tend to further reduce returns to the holders of common shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Deflation Risk.</I><B> </B>Deflation risk
is the risk that prices throughout the economy decline over time, which may have an adverse effect on the market valuation of companies, their assets and their revenues. In addition, deflation may have an adverse effect on the creditworthiness of
issuers and may make issuer default more likely, which may result in a decline in the value of the Acquiring Fund&#146;s portfolio. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Risk Associated with Recent Market Events.</I> Although interest rates were unusually low in recent years in the U.S. and abroad, in 2022,
the Federal Reserve and certain foreign central banks raised interest rates as part of their efforts to address rising inflation. The Federal Reserve and certain foreign central banks have started to lower interest rates, though economic or other
factors, such as inflation, could stop such changes. It is difficult to accurately predict the pace at which interest rates might change, the timing, frequency or magnitude of any such changes in interest rates, or when such changes might stop or
again reverse course. Additionally, various economic and political factors could cause the Federal Reserve or other foreign central banks to change their approach in the future and such actions may result in an economic slowdown both in the U.S. and
abroad. Unexpected changes in interest rates could lead to significant market volatility or reduce liquidity in certain sectors of the market. Deteriorating economic fundamentals may, in turn, increase the risk of default or insolvency of particular
issuers, negatively impact market value, cause credit spreads to widen, and reduce bank balance sheets. Any of these could cause an increase in market volatility, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">36 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
reduce liquidity across various markets or decrease confidence in the markets, which could negatively affect the value of debt instruments held by the Acquiring Fund and result in a negative
impact on the Acquiring Fund&#146;s performance. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Political and diplomatic events within the United States, including a contentious
domestic political environment, changes in political party control of one or more branches of the U.S. Government, the U.S. Government&#146;s inability at times to agree on a long-term budget and deficit reduction plan, the threat of a U.S.
Government shutdown, and disagreements over, or threats not to increase, the U.S. Government&#146;s borrowing limit (or &#147;debt ceiling&#148;), as well as political and diplomatic events abroad, may affect investor and consumer confidence and may
adversely impact financial markets and the broader economy, perhaps suddenly and to a significant degree. A downgrade of the ratings of U.S. Government debt obligations, or concerns about the U.S. Government&#146;s credit quality in general, could
have a substantial negative effect on the U.S. and global economies. For example, concerns about the U.S. Government&#146;s credit quality may cause increased volatility in the stock and bond markets, higher interest rates, reduced prices and
liquidity of U.S. Treasury securities, and/or increased costs of various kinds of debt. Moreover, although the U.S. Government has honored its credit obligations, there remains a possibility that the United States could default on its obligations.
The consequences of such an unprecedented event are impossible to predict, but it is likely that a default by the United States would be highly disruptive to the U.S. and global securities markets and could significantly impair the value of the
Acquiring Fund&#146;s investments. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In recent years, some countries, including the United States, have adopted more protectionist trade
policies. Slowing global economic growth, the rise in protectionist trade policies, inflationary pressures, changes to some major international trade agreements, risks associated with the trade agreements between countries and regions, including the
U.S. and other foreign nations, political or economic dysfunction within some countries or regions, including the U.S., and dramatic changes in commodity and currency prices could affect the economies of many nations in ways that cannot necessarily
be foreseen at the present time. In addition, if the U.S. dollar continues to be strong, it may decrease foreign demand for U.S. assets, which could have a negative impact on certain issuers and/or industries. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Market Disruption and Geopolitical Risk.</I> The occurrence of events similar to those in recent years, such as the aftermath of the war in
Iraq, instability in Afghanistan, Pakistan, Egypt, Libya, Syria and the Middle East, international war or conflict (including the Israel-Hamas war), new and ongoing epidemics and pandemics of infectious diseases and other global health events,
natural/environmental disasters, terrorist attacks in the United States and around the world, social and political discord, debt crises (such as the Greek crisis), sovereign debt downgrades, the Russian invasion of Ukraine, increasingly strained
relations between the United States and a number of foreign countries, including historical adversaries, such as North Korea, Iran, China and Russia, and the international community generally, new and continued political unrest in various countries,
such as Venezuela and Spain, the exit or potential exit of one or more countries from the EU or the EMU, and continued changes in the balance of political power among and within the branches of the U.S. Government, among others, may result in market
volatility, may have long term effects on the U.S. and worldwide financial markets, and may cause further economic uncertainties in the United States and worldwide. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Russia launched a large-scale invasion of Ukraine on February&nbsp;24, 2022. The extent and duration of the military action, resulting
sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, in the region are impossible to predict, but could be significant. Any such disruptions caused by Russian
military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences,
sanctions, tariffs or cyberattacks on the Russian government, Russian companies or Russian individuals, including politicians, could have a severe adverse effect on Russia and the European region, including significant negative impacts on the
Russian economy, the European economy and the markets for certain securities and commodities, such as oil and natural gas, and may likely have collateral impacts on such sectors globally as well as other sectors. How long such military action and
related events will last cannot be predicted. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Trade tensions between the United States and China have led to concerns about economic
stability and could have an adverse impact on global economic conditions. The United States and China have each been implementing increased tariffs on imports from the other, and the United States has also adopted certain targeted measures such as
export controls or sanctions implicating Chinese companies and officials. While certain trade agreements have been agreed between the two countries, there remains much uncertainty as to whether the trade negotiations between the United States and
China will be successful and how the trade war between the United States and China will progress. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Uncertainty regarding the outcome of the trade tensions and the potential for a trade war could cause the U.S. dollar to decline against safe haven currencies, such as the Japanese yen and the
Euro. Events such as these and their consequences are difficult to predict and it is unclear whether further tariffs may be imposed or other escalating actions may be taken in the future. If the trade war between the United States and China
continues or escalates, or if additional tariffs or trade restrictions are implemented by the United States, China or other countries in connection with a global trade war, there could be material adverse effects on the global economy, and the
Acquiring Fund and its portfolio investments could be materially and adversely affected. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On January&nbsp;31, 2020, the United Kingdom
officially left the European Union (Brexit), subject to a transitional period that ended December&nbsp;31, 2020. The United Kingdom and European Union have reached an agreement on the terms of their future trading relationship effective
January&nbsp;1, 2021, which principally relates to the trading of goods rather than services, including financial services. Further discussions are to be held between the United Kingdom and the European Union in relation to matters not covered by
the trade agreement, such as financial services. The Acquiring Fund faces risks associated with the potential uncertainty and consequences that may follow Brexit, including with respect to volatility in exchange rates and interest rates. Brexit
could adversely affect European or worldwide political, regulatory, economic or market conditions and could contribute to instability in global political institutions, regulatory agencies and financial markets. Brexit has also led to legal
uncertainty and could lead to politically divergent national laws and regulations as a new relationship between the United Kingdom and European Union is defined and the United Kingdom determines which European Union laws to replace or replicate. Any
of these effects of Brexit could adversely affect any of the companies to which the Acquiring Fund has exposure and any other assets that the Acquiring Fund invests in. The political, economic and legal consequences of Brexit are not yet known. In
the short term, financial markets may experience heightened volatility, particularly those in the United Kingdom and Europe, but possibly worldwide. The United Kingdom and Europe may be less stable than they have been in recent years, and
investments in the United Kingdom and the European Union may be difficult to value or subject to greater or more frequent volatility. In the longer term, there is likely to be a period of significant political, regulatory and commercial uncertainty
as the United Kingdom continues to negotiate the terms of its future trading relationship with the European Union. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Cybersecurity
incidents affecting particular companies or industries may adversely affect the economies of particular countries, regions or parts of the world in which the Acquiring Fund invests. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The occurrence of any of these above events could have a significant adverse impact on the value and risk profile of the Acquiring Fund&#146;s
portfolio. The Acquiring Fund does not know how long the securities markets may be affected by similar events and cannot predict the effects of similar events in the future on the U.S. economy and securities markets. There can be no assurance that
similar events and other market disruptions will not have other material and adverse implications. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Reference Rate Replacement
Risk.</I><B> </B>The Acquiring Fund may be exposed to financial instruments that recently transitioned from, or continue to be tied to, the London Interbank Offered Rate (&#147;LIBOR&#148;) to determine payment obligations, financing terms, hedging
strategies or investment value. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The United Kingdom&#146;s Financial Conduct Authority (&#147;FCA&#148;), which regulates LIBOR, has
ceased publishing all LIBOR settings. In April 2023, however, the FCA announced that some USD LIBOR settings would continue to be published under a synthetic methodology until September&nbsp;30, 2024 for certain legacy contracts. After
September&nbsp;30, 2024, the remaining synthetic LIBOR settings ceased to be published, and all LIBOR settings have permanently ceased. The Secured Overnight Financing Rate (&#147;SOFR&#148;) is a broad measure of the cost of borrowing cash
overnight collateralized by U.S. Treasury securities in the repurchase agreement (&#147;repo&#148;) market and has been used increasingly on a voluntary basis in new instruments and transactions. Under U.S. regulations that implement a statutory
fallback mechanism to replace LIBOR, benchmark rates based on SOFR have replaced LIBOR in certain financial contracts. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Neither the effect
of the LIBOR transition process nor its ultimate success can yet be known. While some existing LIBOR-based instruments may contemplate a scenario where LIBOR is no longer available by providing for an alternative rate-setting methodology, there may
be significant uncertainty regarding the effectiveness of any such alternative methodologies to replicate LIBOR. Not all existing LIBOR-based instruments may have alternative rate-setting provisions and there remains uncertainty regarding the
willingness and ability of issuers to add alternative rate-setting provisions in certain existing instruments. Parties to contracts, securities or other instruments using LIBOR </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
may disagree on transition rates or the application of transition regulation, potentially resulting in uncertainty of performance and the possibility of litigation. The Acquiring Fund may have
instruments linked to other interbank offered rates that may also cease to be published in the future. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Regulation and Government
Intervention Risk. </I>Federal, state, and other governments, their regulatory agencies or self-regulatory organizations may take actions that affect the regulation of the issuers in which the Acquiring Fund invests in ways that are unforeseeable.
Legislation or regulation may also change the way in which the Acquiring Fund is regulated. Such legislation or regulation could limit or preclude the Acquiring Fund&#146;s ability to achieve its investment objective. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In light of popular, political and judicial focus on finance related consumer protection, financial institution practices are also subject to
greater scrutiny and criticism generally. In the case of transactions between financial institutions and the general public, there may be a greater tendency toward strict interpretation of terms and legal rights in favor of the consuming public,
particularly where there is a real or perceived disparity in risk allocation and/or where consumers are perceived as not having had an opportunity to exercise informed consent to the transaction. In the event of conflicting interests between retail
investors holding common shares of a <FONT STYLE="white-space:nowrap">closed-end</FONT> investment company such as the Acquiring Fund and a large financial institution, a court may similarly seek to strictly interpret terms and legal rights in favor
of retail investors. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may be affected by governmental action in ways that are not foreseeable, and there is a
possibility that such actions could have a significant adverse effect on the Acquiring Fund and its ability to achieve its investment objective. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>1940 Act Regulations</U>.<B><I> </I></B>The Acquiring Fund is a registered <FONT STYLE="white-space:nowrap">closed-end</FONT> management
investment company and as such is subject to regulations under the 1940 Act. Generally speaking, any contract or provision thereof that is made, or where performance involves a violation of the 1940 Act or any rule or regulation thereunder is
unenforceable by either party unless a court finds otherwise. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Securities Lending Risk</I>. The Acquiring Fund may lend securities to
financial institutions. Securities lending involves exposure to certain risks, including operational risk (<I>i.e.</I>, the risk of losses resulting from problems in the settlement and accounting process), &#147;gap&#148; risk (<I>i.e.</I>, the risk
of a mismatch between the return on cash collateral reinvestments and the fees the Acquiring Fund has agreed to pay a borrower), and credit, legal, counterparty and market risk. If a securities lending counterparty were to default, the Acquiring
Fund would be subject to the risk of a possible delay in receiving collateral or in recovering the loaned securities, or to a possible loss of rights in the collateral. In the event a borrower does not return the Acquiring Fund&#146;s securities as
agreed, the Acquiring Fund may experience losses if the proceeds received from liquidating the collateral do not at least equal the value of the loaned security at the time the collateral is liquidated, plus the transaction costs incurred in
purchasing replacement securities. This event could trigger adverse tax consequences for the Acquiring Fund. The Acquiring Fund could lose money if its short-term investment of the collateral declines in value over the period of the loan. Substitute
payments for dividends received by the Acquiring Fund for securities loaned out by the Acquiring Fund will generally not be considered qualified dividend income. The securities lending agent will take the tax effects on shareholders of this
difference into account in connection with the Acquiring Fund&#146;s securities lending program. Substitute payments received <FONT STYLE="white-space:nowrap">on&nbsp;tax-exempt&nbsp;securities</FONT> loaned out will generally not <FONT
STYLE="white-space:nowrap">be&nbsp;tax-exempt&nbsp;income.</FONT> </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Regulation as a &#147;Commodity Pool.&#148; </I>The CFTC subjects
advisers to registered investment companies to regulation by the CFTC if a fund that is advised by the investment adviser either (i)&nbsp;invests, directly or indirectly, more than a prescribed level of its liquidation value in CFTC-regulated
futures, options and swaps (&#147;CFTC Derivatives&#148;), or (ii)&nbsp;markets itself as providing investment exposure to such instruments. To the extent the Fund uses CFTC Derivatives, it intends to do so below such prescribed levels and will not
market itself as a &#147;commodity pool&#148; or a vehicle for trading such instruments. Accordingly, the Investment Advisor has claimed an exclusion from the definition of the term &#147;commodity pool operator&#148; under the Commodity Exchange
Act (&#147;CEA&#148;) pursuant to Rule 4.5 under the CEA. The Investment Advisor is not, therefore, subject to registration or regulation as a &#147;commodity pool operator&#148; under the CEA in respect of the Acquiring Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Failures of Futures Commission Merchants and Clearing Organizations Risk</I>. The Acquiring Fund is required to deposit funds to margin
open positions in cleared derivative instruments (both futures and swaps) with a clearing </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">39 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
broker registered as a &#147;futures commission merchant&#148; (&#147;FCM&#148;). The CEA requires an FCM to segregate all funds received from customers with respect to any orders for the
purchase or sale of U.S. domestic futures contracts and cleared swaps from the FCM&#146;s proprietary assets. Similarly, the CEA requires each FCM to hold in a separate secure account all funds received from customers with respect to any orders for
the purchase or sale of foreign futures contracts and segregate any such funds from the funds received with respect to domestic futures contracts. However, all funds and other property received by an FCM from its customers are held by an FCM on a
commingled basis in an omnibus account and amounts in excess of assets posted to the clearing organization may be invested by an FCM in certain instruments permitted under the applicable regulation. There is a risk that assets deposited by the
Acquiring Fund with any FCM as margin for futures contracts or commodity options may, in certain circumstances, be used to satisfy losses of other clients of the Acquiring Fund&#146;s FCM. In addition, the assets of the Acquiring Fund posted as
margin against both swaps and futures contracts may not be fully protected in the event of the FCM&#146;s bankruptcy. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Legal, Tax and
Regulatory Risks</I>. Legal, tax and regulatory changes could occur that may have material adverse effects on the Acquiring Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To
qualify for the favorable U.S. federal income tax treatment generally accorded to RICs, the Acquiring Fund must, among other things, derive in each taxable year at least 90% of its gross income from certain prescribed sources and distribute for each
taxable year at least 90% of its &#147;investment company taxable income&#148; (generally, ordinary income plus the excess, if any, of net short-term capital gain over net long-term capital loss). If for any taxable year the Acquiring Fund does not
qualify as a RIC, all of its taxable income for that year (including its net capital gain) would be subject to tax at regular corporate rates without any deduction for distributions to shareholders, and such distributions would be taxable as
ordinary dividends to the extent of the Acquiring Fund&#146;s current and accumulated earnings and profits. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The current presidential
administration has called for significant changes to U.S. fiscal, tax, trade, healthcare, immigration, foreign, and government regulatory policy. In this regard, there is significant uncertainty with respect to legislation, regulation and government
policy at the federal level, as well as the state and local levels. Recent events have created a climate of heightened uncertainty and introduced new and
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">difficult-to-quantify</FONT></FONT> macroeconomic and political risks with potentially <FONT STYLE="white-space:nowrap">far-reaching</FONT> implications. There has been a
corresponding meaningful increase in the uncertainty surrounding interest rates, inflation, foreign exchange rates, trade volumes and fiscal and monetary policy. To the extent the U.S. Congress or the current presidential administration implements
changes to U.S. policy, those changes may impact, among other things, the U.S. and global economy, international trade and relations, unemployment, immigration, corporate taxes, healthcare, the U.S. regulatory environment, inflation and other areas.
Although the Acquiring Fund cannot predict the impact, if any, of these changes to the Acquiring Fund&#146;s business, they could adversely affect the Acquiring Fund&#146;s business, financial condition, operating results and cash flows. Until the
Acquiring Fund knows what policy changes are made and how those changes impact the Acquiring Fund&#146;s business and the business of the Acquiring Fund&#146;s competitors over the long term, the Acquiring Fund will not know if, overall, the
Acquiring Fund will benefit from them or be negatively affected by them. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The rules dealing with U.S. federal income taxation are
constantly under review by persons involved in the legislative process and by the IRS and the U.S. Treasury Department. Revisions in U.S. federal tax laws and interpretations of these laws could adversely affect the tax consequences of your
investment. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Potential Conflicts of Interest of the Investment Advisor and Others</I> The investment activities of the Investment
Advisor and its affiliates (including BlackRock and its subsidiaries (collectively, the &#147;Affiliates&#148;)), and their respective directors, officers or employees, in managing their own accounts and other accounts, may present conflicts of
interest that could disadvantage the Acquiring Fund and its shareholders. The Investment Advisor and its Affiliates may engage in proprietary trading and advise accounts and other funds that have investment objectives similar to those of the
Acquiring Fund and/or that engage in and compete for transactions in the same or similar types of securities, currencies and other assets as are held by the Acquiring Fund. Subject to the requirements of the 1940 Act, the Investment Advisor and its
Affiliates intend to engage in such activities and may receive compensation from third parties for their services. Neither the Investment Advisor nor any Affiliate is under any obligation to share any investment opportunity, idea or strategy with
the Acquiring Fund. As a result, an Affiliate may compete with the Acquiring Fund for appropriate investment opportunities. The results of the Acquiring Fund&#146;s investment activities, therefore, may differ from those of an Affiliate and of other
accounts managed by an Affiliate. It is possible that the Acquiring Fund could sustain losses during periods in which one or more Affiliates and other accounts achieve profits </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
on their trading for proprietary or other accounts. The opposite result is also possible. The Investment Advisor has adopted policies and procedures designed to address potential conflicts of
interest.</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Defensive Investing Risk.</I><B> </B>For defensive purposes, the Acquiring Fund may allocate assets into cash or short-term
fixed-income securities without limitation. In doing so, the Acquiring Fund may succeed in avoiding losses but may otherwise fail to achieve its investment objective. Further, the value of short-term fixed-income securities may be affected by
changing interest rates and by changes in credit ratings of the investments. If the Acquiring Fund holds cash uninvested it will be subject to the credit risk of the depository institution holding the cash. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Decision-Making Authority Risk</I>. Investors have no authority to make decisions or to exercise business discretion on behalf of the
Acquiring Fund, except as set forth in the Acquiring Fund&#146;s governing document. The authority for all such decisions is generally delegated to the Board, which in turn, has delegated the <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">day-to-day</FONT></FONT> management of the Acquiring Fund&#146;s investment activities to the Investment Advisor, subject to oversight by the Board. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Management Risk</I>. The Acquiring Fund is subject to management risk because it is an actively managed investment portfolio. The
Investment Advisor and the individual portfolio managers will apply investment techniques and risk analyses in making investment decisions for the Acquiring Fund, but there can be no guarantee that these will produce the desired results. The
Acquiring Fund may be subject to a relatively high level of management risk because the Acquiring Fund may invest in derivative instruments, which may be highly specialized instruments that require investment techniques and risk analyses different
from those associated with equities and bonds. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Valuation Risk.</I><B> </B>The Acquiring Fund is subject to valuation risk, which is
the risk that one or more of the securities in which the Acquiring Fund invests are valued at prices that the Acquiring Fund is unable to obtain upon sale due to factors such as incomplete data, market instability or human error. The Investment
Advisor may use an independent pricing service or prices provided by dealers to value securities at their market value. Because the secondary markets for certain investments may be limited, such instruments may be difficult to value. When market
quotations are not available, the Investment Advisor may price such investments pursuant to a number of methodologies, such as computer-based analytical modeling or individual security evaluations. These methodologies generate approximations of
market values, and there may be significant professional disagreement about the best methodology for a particular type of financial instrument or different methodologies that might be used under different circumstances. In the absence of an actual
market transaction, reliance on such methodologies is essential, but may introduce significant variances in the ultimate valuation of the Acquiring Fund&#146;s investments. Technological issues and/or errors by pricing services or other third-party
service providers may also impact the Acquiring Fund&#146;s ability to value its investments and the calculation of the Acquiring Fund&#146;s NAV. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When market quotations are not readily available or are believed by the Investment Advisor to be unreliable, the Investment Advisor will fair
value the Acquiring Fund&#146;s investments in accordance with its policies and procedures. Fair value represents a good faith approximation of the value of an asset or liability. The fair value of an asset or liability held by the Acquiring Fund is
the amount the Acquiring Fund might reasonably expect to receive from the current sale of that asset or the cost to extinguish that liability in an <FONT STYLE="white-space:nowrap">arm&#146;s-length</FONT> transaction. Fair value pricing may require
determinations that are inherently subjective and inexact about the value of a security or other asset. As a result, there can be no assurance that fair value priced assets will not result in future adjustments to the prices of securities or other
assets, or that fair value pricing will reflect a price that the Acquiring Fund is able to obtain upon sale, and it is possible that the fair value determined for a security or other asset will be materially different from quoted or published
prices, from the prices used by others for the same security or other asset and/or from the value that actually could be or is realized upon the sale of that security or other asset. For example, the Acquiring Fund&#146;s NAV could be adversely
affected if the Acquiring Fund&#146;s determinations regarding the fair value of the Acquiring Fund&#146;s investments were materially higher than the values that the Acquiring Fund ultimately realizes upon the disposal of such investments. Where
market quotations are not readily available, valuation may require more research than for more liquid investments. In addition, elements of judgment may play a greater role in valuation in such cases than for investments with a more active secondary
market because there is less reliable objective data available. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Because of overall size, duration and maturities of positions held by the
Acquiring Fund, the value at which its investments can be liquidated may differ, sometimes significantly, from the interim valuations obtained by the Acquiring Fund. In addition, the timing of liquidations may also affect the values obtained on
liquidation. Securities held by the Acquiring Fund may routinely trade with <FONT STYLE="white-space:nowrap">bid-offer</FONT> spreads that may be significant. There can be no </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">41 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
guarantee that the Acquiring Fund&#146;s investments could ultimately be realized at the Acquiring Fund&#146;s valuation of such investments. In addition, the Acquiring Fund&#146;s compliance
with the asset diversification tests applicable to regulated investment companies depends on the fair market values of the Acquiring Fund&#146;s assets, and, accordingly, a challenge to the valuations ascribed by the Acquiring Fund could affect its
ability to comply with those tests or require it to pay penalty taxes in order to cure a violation thereof. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund&#146;s NAV
per common share is a critical component in several operational matters including computation of advisory and services fees and determination of the price at which a tender offer will be made under the Discount Management Program or otherwise.
Consequently, variance in the valuation of the Acquiring Fund&#146;s investments will impact, positively or negatively, the fees and expenses shareholders will pay. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Reliance on the Investment Advisor Risk</I>. The Acquiring Fund is dependent upon services and resources provided by the Investment
Advisor, and therefore the Investment Advisor&#146;s parent, BlackRock, Inc. The Investment Advisor is not required to devote its full time to the business of the Acquiring Fund and there is no guarantee or requirement that any investment
professional or other employee of the Investment Advisor will allocate a substantial portion of his or her time to the Acquiring Fund. The loss of one or more individuals involved with the Investment Advisor could have a material adverse effect on
the performance or the continued operation of the Acquiring Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Reliance on Service Providers Risk</I>. The Acquiring Fund must rely
upon the performance of service providers to perform certain functions, which may include functions that are integral to the Acquiring Fund&#146;s operations and financial performance. Failure by any service provider to carry out its obligations to
the Acquiring Fund in accordance with the terms of its appointment, to exercise due care and skill or to perform its obligations to the Acquiring Fund at all as a result of insolvency, bankruptcy or other causes could have a material adverse effect
on the Acquiring Fund&#146;s performance and returns to shareholders.&nbsp;The termination of the Acquiring Fund&#146;s relationship with any service provider, or any delay in appointing a replacement for such service provider, could materially
disrupt the business of the Acquiring Fund and could have a material adverse effect on the Acquiring Fund&#146;s performance and returns to shareholders. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Information Technology Systems Risk</I>. The Acquiring Fund is dependent on the Investment Advisor for certain management services as well
as back-office functions.&nbsp;The Investment Advisor depends on information technology systems in order to assess investment opportunities, strategies and markets and to monitor and control risks for the Acquiring Fund.&nbsp;It is possible that a
failure of some kind which causes disruptions to these information technology systems could materially limit the Investment Advisor&#146;s ability to adequately assess and adjust investments, formulate strategies and provide adequate risk
control.&nbsp;Any such information technology-related difficulty could harm the performance of the Acquiring Fund.&nbsp;Further, failure of the back-office functions of the Investment Advisor to process trades in a timely fashion could prejudice the
investment performance of the Acquiring Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Operational and Technology Risks</I>.<B> </B>The Acquiring Fund and the entities with
which it interacts directly or indirectly are susceptible to operational and technology risks, including those related to human errors, processing errors, communication errors, systems failures, cybersecurity incidents, and the use of artificial
intelligence and machine learning (&#147;AI&#148;), which may result in losses for the Acquiring Fund and its shareholders or impair the Acquiring Fund&#146;s operations. These entities include, but are not limited to, the Acquiring Fund&#146;s
adviser, administrator, distributor, other service providers (<I>e.g.</I>, index and benchmark providers, accountants, custodians, and transfer agents), financial intermediaries, counterparties, market makers, authorized participants, listing
exchanges, other financial market operators, and governmental authorities. Operational and technology risks for the issuers in which the Acquiring Fund invests could also result in material adverse consequences for such issuers and may cause the
Acquiring Fund&#146;s investments in such issuers to lose value. The Acquiring Fund may incur substantial costs in order to mitigate operational and technology risks. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Cybersecurity incidents can result from deliberate attacks or unintentional events against an issuer in which the Acquiring Fund invests, the
Acquiring Fund or any of its service providers. They include, but are not limited to, gaining unauthorized access to systems, misappropriating assets or sensitive information, corrupting or destroying data, and causing operational disruption.
Geopolitical tension may increase the scale and sophistication of deliberate attacks, particularly those from nation states or from entities with nation state backing. Cybersecurity incidents may result in any of the following: financial losses;
interference with the Acquiring Fund&#146;s ability to calculate its NAV; disclosure of confidential information; impediments to trading; submission of erroneous trades by the Acquiring Fund </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">42 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
or erroneous subscription or redemption orders; the inability of the Acquiring Fund or its service providers to transact business; violations of applicable privacy and other laws; regulatory
fines; penalties; reputational damage; reimbursement or other compensation costs; and other legal and compliance expenses. Furthermore, cybersecurity incidents may render records of the Acquiring Fund, including records relating to its assets and
transactions, shareholder ownership of Acquiring Fund shares, and other data integral to the Acquiring Fund&#146;s functioning, inaccessible, inaccurate or incomplete. Power outages, natural disasters, equipment malfunctions and processing errors
that threaten information and technology systems relied upon by the Acquiring Fund or its service providers, as well as market events that occur at a pace that overloads these systems, may also disrupt business operations or impact critical data. In
addition, the risks of increased use of AI technologies, such as machine learning, include data risk, transparency risk, and operational risk. The AI technologies, which are generally highly reliant on the collection and analysis of large amounts of
data, may incorporate biased or inaccurate data, and it is not possible or practicable to incorporate all relevant data into such technologies. The output or results of any such AI technologies may therefore be incomplete, erroneous, distorted or
misleading. Further, AI tools may lack transparency as to how data is utilized and how outputs are generated. AI technologies may also allow the unintended introduction of vulnerabilities into infrastructures and applications. The Acquiring Fund and
its shareholders could be negatively impacted as a result of these risks associated with AI technologies. AI technologies and their current and potential future applications, and the regulatory frameworks within which they operate, continue to
quickly evolve, and it is impossible to anticipate the full scope of future AI capabilities or rules and the associated risks to the Acquiring Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While the Acquiring Fund&#146;s service providers are required to have appropriate operational, information security and cybersecurity risk
management policies and procedures, their methods of risk management may differ from those of the Acquiring Fund in the setting of priorities, the personnel and resources available or the effectiveness of relevant controls. The Acquiring Fund and
its adviser seek to reduce these risks through controls, procedures and oversight, including establishing business continuity plans and risk management systems. However, there are inherent limitations in such plans and systems, including the
possibility that certain risks that may affect the Acquiring Fund have not been identified or may emerge in the future; that such plans and systems may not completely eliminate the occurrence or mitigate the effects of operational or information
security disruptions or failures or of cybersecurity incidents; or that prevention and remediation efforts will not be successful or that incidents will go undetected. The Acquiring Fund cannot control the systems, information security or other
cybersecurity of the issuers in which it invests or its service providers, counterparties, and other third parties whose activities affect the Acquiring Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Lastly, the regulatory climate governing cybersecurity and data protection is developing quickly and may vary considerably across
jurisdictions. Regulators continue to develop new rules and standards related to cybersecurity and data protection. Compliance with evolving regulations can be demanding and costly, requiring substantial resources to monitor and implement required
changes. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Misconduct of Employees and of Service Providers Risk</I>. Misconduct or misrepresentations by employees of the Investment
Advisor or the Acquiring Fund&#146;s service providers could cause significant losses to the Acquiring Fund.&nbsp;Employee misconduct may include binding the Acquiring Fund to transactions that exceed authorized limits or present unacceptable risks
and unauthorized trading activities, concealing unsuccessful trading activities (which, in any case, may result in unknown and unmanaged risks or losses) or making misrepresentations regarding any of the foregoing.&nbsp;Losses could also result from
actions by the Acquiring Fund&#146;s service providers, including, without limitation, failing to recognize trades and misappropriating assets.&nbsp;In addition, employees and service providers may improperly use or disclose confidential
information, which could result in litigation or serious financial harm, including limiting the Acquiring Fund&#146;s business prospects or future marketing activities.&nbsp;Despite the Investment Advisor&#146;s due diligence efforts, misconduct and
intentional misrepresentations may be undetected or not fully comprehended, thereby potentially undermining the Investment Advisor&#146;s due diligence efforts.&nbsp;As a result, no assurances can be given that the due diligence performed by the
Investment Advisor will identify or prevent any such misconduct. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Portfolio Turnover Risk</I>. The Acquiring Fund&#146;s annual
portfolio turnover rate may vary greatly from year to year, as well as within a given year. Portfolio turnover rate is not considered a limiting factor in the execution of investment decisions for the Acquiring Fund. A higher portfolio turnover rate
results in correspondingly greater brokerage commissions and other transactional expenses that are borne by the Acquiring Fund. High portfolio turnover may result in an increased realization of net short-term capital gains by the Acquiring Fund
which, when distributed to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">43 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
common shareholders, will be taxable as ordinary income. Additionally, in a declining market, portfolio turnover may create realized capital losses. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Anti-Takeover Provisions Risk</I>. The Acquiring Fund&#146;s charter and bylaws include provisions that could limit the ability of other
entities or persons to acquire control of the Acquiring Fund or convert the Acquiring Fund to <FONT STYLE="white-space:nowrap">open-end</FONT> status or to change the composition of the Board. Such provisions could limit the ability of shareholders
to sell their shares at a premium over prevailing market prices by discouraging a third party from seeking to obtain control of the Acquiring Fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">44 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_7"></A>INFORMATION ABOUT THE MERGERS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Mergers seek to combine three funds that have the same investment adviser, the same Board Members, and similar investment objectives and
similar investment strategies, policies and restrictions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_8"></A>Description of the Mergers </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Merger will be governed by a separate Merger Agreement, a form of which is attached as&nbsp;<U>Appendix A</U>. Each Merger Agreement
provides for the merger of the Target Fund with and into the respective Merger Sub listed below: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="99%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>&#8201;<U>Target Fund</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B><U>Merger Sub Name</U></B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">&#8201;BlackRock MuniHoldings New York Quality Fund (MHN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">[&#9679;]</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">&#8201;BlackRock New York Municipal Income Trust (BNY)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">[&#9679;]</P></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Merger Sub has been formed as a wholly-owned subsidiary of the Acquiring Fund for the sole purpose of
consummating its respective Merger and will not commence operations prior to the closing of the respective Merger, except as necessary to facilitate the Merger. As soon as practicable following the completion of its respective Merger, the Merger Sub
will distribute its assets to the Acquiring Fund, and the Acquiring Fund will assume the liabilities of the Merger Sub, in complete liquidation and dissolution of the Merger Sub under Delaware law or Maryland law, as applicable. The Acquiring Fund
will continue to operate after the Mergers as a registered, <FONT STYLE="white-space:nowrap">non-diversified,</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company with the investment objective, investment
strategies, investment policies and investment restrictions described in this Joint Proxy Statement/Prospectus. The Acquiring Fund will list the newly issued common shares on the NYSE. The newly-issued Acquiring Fund Shares will be issued in the
form of book-entry interests. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As of the effective time of each Merger, each common share and each VRDP Share, if any, of the respective
Target Fund outstanding immediately prior to the effective time shall be converted into the right to receive common shares and VRDP Shares, respectively, of the Acquiring Fund. The number of common shares of the Acquiring Fund that common
shareholders of the Target Fund receive will be based on the NAV of the Target Fund relative to the NAV of the Acquiring Fund, in each case immediately prior to the closing of the Merger. MHN and BNY VRDP Holders, if any, will receive on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis one newly issued VRDP Share of the Acquiring Fund. As of the effective time of the Merger, all right, title and interest in the assets of the Target Fund
shall vest in the Merger Sub, and the Merger Sub shall be liable for all liabilities and obligations of the Target Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each
newly-opened account on the books of the Acquiring Fund for the former common shareholders of MHN and BNY will represent the respective pro rata number of Acquiring Fund common shares (rounded down, in the case of fractional common shares held other
than in an automatic dividend reinvestment plan account (&#147;Plan Account&#148;), to the next largest number of whole common shares) received by such common shareholder. No fractional Acquiring Fund common shares will be issued (except for common
shares held in a Plan Account). In the event there are fractional common shares in an account other than a Plan Account, the Acquiring Fund&#146;s transfer agent will aggregate all such fractional MHN and BNY common shares and sell the resulting
whole common shares on the NYSE for the account of all holders of such fractional interests, and each such holder will be entitled to the pro rata share of the proceeds from such sale upon being issued book-entry interests for the Acquiring Fund
common shares. See &#147;&#151;Terms of the Merger Agreements&#151;Book-Entry Interests&#148; for a description of the procedures to be followed by MHN and BNY common shareholders to obtain their Acquiring Fund common shares (and cash in lieu of
fractional common shares, if any). Similarly, each newly-opened account on the books of the Acquiring Fund for MHN and BNY VRDP Holders, if any, will represent the number of Acquiring Fund VRDP Shares issued on a <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis for each such VRDP Holder&#146;s holdings of MHN and BNY VRDP Shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As a
result of the Mergers, each common shareholder of MHN and BNY will own Acquiring Fund common shares that (except for cash payments received in lieu of fractional common shares) will have an aggregate NAV (not the market value) immediately after the
Closing Date equal to the aggregate NAV (not the market value) of that shareholder&#146;s MHN and BNY common shares, respectively, immediately prior to the Closing Date. The aggregate </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">45 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
NAV of each Fund immediately prior to the applicable Merger will reflect accrued expenses associated with such Merger.&nbsp;The NAV of MHN and BNY common shares will not be diluted as a result of
the Mergers. The value of each Fund&#146;s net assets will be calculated net of the liquidation preference (including accumulated and unpaid dividends) of any outstanding VRDP Shares of such Fund. The market value per share of the common shares of
the Combined Fund may be less than the market value per share of the common shares of each respective Fund prior to the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
Board of each Fund has authorized the redemption of up to 67% of the Fund&#146;s currently outstanding VRDP Shares on one or more occasions between April&nbsp;1, 2025 and October&nbsp;1, 2025. Any such redemption is not related to a Fund&#146;s
Merger(s) or contingent on shareholder approval of a Fund&#146;s Merger(s). The timing and amount of any redemption of a Fund&#146;s currently outstanding VRDP Shares would depend on a number of factors, including, among others, the desired mix of
leverage from preferred shares versus TOBs, yield levels and borrowing costs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with the Mergers, assuming that no MHN or BNY
VRDP Shares are redeemed prior to the applicable Closing Date, the Acquiring Fund expects to issue 2,436 additional VRDP Shares to MHN VRDP Holders and 1,794 additional VRDP Shares to BNY VRDP Holders, which may be of the same Series W-7 VRDP Shares
or a new series of VRDP Shares. Following the completion of the Mergers, based on the Fund&#146;s preferred shares currently outstanding, the Combined Fund is expected to have 6,707 VRDP Shares outstanding. If any Fund partially or fully redeems its
preferred shares, the Combined Fund will have fewer than 6,707 VRDP Shares outstanding, or possibly no VRDP Shares outstanding, following the completion of the Mergers. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Assuming all of the Mergers are approved by the requisite shareholders, upon the Closing Date of the Mergers, Target Fund VRDP Holders will
receive the right to receive on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis one newly issued Acquiring Fund VRDP Share, par value $0.10 per share and with a liquidation preference of $100,000
per share (plus any accumulated and unpaid dividends that have accrued on the Target Fund VRDP Shares up to and including the day immediately preceding the Closing Date if such dividends have not been paid prior to the Closing Date), in exchange for
each Target Fund VRDP Share held by the Target Fund VRDP Holders immediately prior to the Closing Date. The newly issued Acquiring Fund VRDP Shares may be of the same series as the Acquiring Fund&#146;s outstanding VRDP Shares or a substantially
identical series. No fractional Acquiring Fund VRDP Shares will be issued. The terms of the Acquiring Fund VRDP Shares to be issued in connection with the Mergers will be identical or substantially identical to the terms of the Acquiring Fund&#146;s
outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund.
The newly issued Acquiring Fund VRDP Shares will be subject to the same special rate period (including the terms thereof) applicable to the outstanding Acquiring Fund VRDP Shares as of the Closing Date of the Merger. Such special rate period will
terminate on June&nbsp;17, 2026, unless extended. A Fund may designate any succeeding subsequent rate period of the VRDP Shares as a &#147;special rate period&#148; subject to the restrictions and requirements set forth in the governing instrument
for such Fund&#146;s VRDP Shares. During a special rate period, a Fund may choose to modify the terms of the VRDP Shares as permitted by the governing instrument for such Fund&#146;s VRDP Shares, including, for example, special provisions relating
to the calculation of dividends and the redemption of the VRDP Shares. The Mergers will not result in any changes to the terms of the Acquiring Fund&#146;s VRDP Shares currently outstanding.&#8195; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The newly issued Acquiring Fund VRDP Shares will have terms that are similar to the terms of the outstanding Target Fund VRDP Shares, with
certain differences. While the MHN VRDP Shares have a mandatory redemption date of July&nbsp;1, 2041, and the BNY VRDP Shares have a mandatory redemption date of March&nbsp;31, 2051, the newly issued Acquiring Fund VRDP Shares are expected to have a
mandatory redemption date of May&nbsp;1, 2041. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">No Merger is contingent upon the approval of any other Merger. If a Merger is not
consummated, the Fund for which such Merger(s) was not consummated would continue to exist and operate on a standalone basis. Both the Target Fund and the Acquiring Fund will continue to be advised by the Investment Advisor. If a Merger is not
consummated, the Investment Advisor may recommend alternative proposals to the Board of each Fund for which such Merger was not consummated. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_9"></A>The Board&#146;s Recommendation </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of MHN recommends that the common shareholders of MHN vote &#147;FOR&#148; the proposed
MHN Merger Agreement at the Special Meeting. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">46 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of BNY recommends that the common shareholders of BNY vote &#147;FOR&#148; the
proposed BNY Merger Agreement at the Special Meeting. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of the Acquiring Fund recommends that common shareholders of the
Acquiring Fund vote &#147;FOR&#148; the proposed MHN Issuance at the Special Meeting. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of the Acquiring Fund recommends that the
common shareholders of the Acquiring Fund vote &#147;FOR&#148; the proposed BNY Issuance at the Special Meeting. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholder approval of
the MHN Merger Agreement requires (i) with respect to Proposal 1(A), the affirmative vote of the holders of a majority of the outstanding MHN common shares and MHN VRDP Shares entitled to vote voting as a single class, (ii) with respect to Proposal
1(B), the affirmative vote of the holders of a majority of MHN VRDP Shares outstanding voting as a separate class, and (iii) with respect to Proposal 1(E), the affirmative vote of the holders of a 1940 Act Majority (as defined below) of the
Acquiring Fund VRDP Shares voting as a separate class. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholder approval of the BNY Merger Agreement requires (i) with respect to
Proposal 1(C), the affirmative vote of the holders of a 1940 Act Majority of the outstanding BNY common shares and BNY VRDP Shares voting as a single class, (ii) with respect to Proposal 1(D), the affirmative vote of the holders of a majority of BNY
VRDP Shares outstanding voting as a separate class, and (iii) with respect to Proposal 1(F), the affirmative vote of the holders of a 1940 Act Majority of the Acquiring Fund VRDP Shares voting as a separate class. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Issuance contemplated by Proposal 2(A) and Proposal 2(B) requires the affirmative vote of the holders of a majority of the outstanding
Acquiring Fund common shares and Acquiring Fund VRDP Shares entitled to vote voting as a single class. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A &#147;1940 Act Majority&#148;
means the affirmative vote of either (i) 67% or more of the voting securities present at the Special Meeting, if the holders of more than 50% of the outstanding voting securities of the Fund are present or represented by proxy or (ii)&nbsp;more than
50% of the outstanding voting securities of the Fund, whichever is less. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In order for the Mergers to occur, each Fund must obtain all
requisite shareholder approvals with respect to its Merger, as well as certain consents, confirmations and/or waivers from various third parties, including the liquidity provider with respect to the outstanding MHN, BNY and Acquiring Fund VRDP
Shares. Because the closing of each Merger is contingent upon the applicable Target Fund and the Acquiring Fund obtaining the requisite shareholder approvals and third-party consents and satisfying (or obtaining the waiver of) other closing
conditions, it is possible that a Merger will not occur, even if shareholders of a Fund entitled to vote on the Merger approve the Merger and such Fund satisfies all of its closing conditions, if the other Fund in the Merger does not obtain its
requisite shareholder approvals or satisfy its closing conditions. Because no Merger is contingent upon another Merger, it is possible that only one of MHN or BNY will be merged into the Acquiring Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">No Merger is contingent upon the approval of any other Merger. If a Merger is not consummated, the Fund for which such Merger(s) was not
consummated would continue to exist and operate on a standalone basis. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The preferred shares of the Funds were issued on a private
placement basis to one or a small number of institutional holders. Please see &#147;Information about the Preferred Shares of the Funds&#148; for additional information. To the extent that one or more preferred shareholder of MHN, BNY or the
Acquiring Fund owns, holds or controls, individually or in the aggregate, all or a significant portion of such Fund&#146;s outstanding preferred shares, the preferred shareholder approval required for the Mergers may turn on the exercise of voting
rights by such particular preferred shareholder(s) and its (or their) determination as to the favorability of the Merger with respect to its (or their) interests. The Funds exercise no influence or control over the determinations of such preferred
shareholder(s) with respect to the Merger; there is no guarantee that such preferred shareholder(s) will approve the Merger, over which it (or they) may exercise effective disposition power. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Subject to the requisite approval of the requisite shareholders of each Fund with respect to its respective Merger, as well as certain
consents, confirmations and/or waivers from various third parties, including the liquidity provider with </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">47 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
respect to the outstanding MHN, BNY and Acquiring Fund VRDP Shares, it is expected that the Closing Date of the Mergers will be sometime during the fourth quarter of 2025, but it may be at a
different time as described herein. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For additional information regarding voting requirements, see &#147;Voting Information and
Requirements.&#148; </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_10"></A>Reasons for the Mergers </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">[The Board of each Fund, including the Independent Board Members, considered the Mergers at meetings held on May&nbsp;8, 2025 and June <FONT
STYLE="white-space:nowrap">5-6,</FONT> 2025. Each Board, including the Independent Board Members, has unanimously approved the applicable Merger and Merger Agreement(s) (the &#147;Approval&#148;). Based on the considerations below, the Board of each
Fund, including the Independent Board Members, has determined that the Mergers are in the best interests of such Fund and that the interests of its existing common shareholders and preferred shareholders would not be diluted with respect to NAV and
the liquidation preference, respectively, as a result of the Mergers. As a result of the Mergers, however, common shareholders and preferred shareholders of each Fund may hold a reduced percentage of ownership in the larger Combined Fund than they
did in any of the individual Funds before the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Board&#146;s determination to approve the Mergers was made on the basis of
each Board Member&#146;s business judgment after consideration of all of the factors taken as a whole with respect to each Fund and its shareholders, although individual Board Members may have placed different weight and assigned different degrees
of materiality to various factors. Because the shareholders of each Fund will vote separately on the Fund&#146;s respective Merger(s) or Issuances, as applicable, there are multiple potential combinations of Mergers. To the extent that one or more
Mergers is not completed, any expected expense savings by the Combined Fund, or other potential benefits resulting from the Mergers, may be reduced. If a Merger is not consummated, then the Investment Advisor may, in connection with ongoing
management of the Fund for which such Merger(s) was not consummated and its product line, recommend alternative proposals to the Board of that Fund. Before reaching these conclusions, the Board of each Fund, including the Independent Board Members,
engaged in a thorough review process relating to the Mergers, as well as alternatives to the Mergers. The Board of each Fund also received a memorandum outlining, among other things, the legal standards and certain other considerations relevant to
the Board&#146;s deliberations. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of each Fund considered the Mergers over a series of meetings. In preparation for the Approval,
the Investment Advisor provided each Board with information regarding the Mergers, including the rationale therefor and alternatives considered to the Mergers. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Board considered a number of factors presented at the time of the Approval or prior meetings in reaching their determinations, including,
but not limited to, the following, which are discussed in further detail below: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">potential for improved economies of scale and a lower Total Expense Ratio (excluding leverage expenses and
extraordinary expenses) with respect to each Fund; </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the potential effects of the Mergers on the earnings and distributions of each Fund; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the potential effects of the Mergers on each Fund&#146;s premium/discount to NAV of common shares;
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the potential effects of the Mergers on each Fund&#146;s VRDP Shares; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the compatibility of the Funds&#146; investment objectives, investment strategies and policies and related
risks and risk profiles; </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">consistency of portfolio management and portfolio composition; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the potential for improved secondary market trading, including the potential for greater secondary market
liquidity for the Combined Fund&#146;s common shares, which may result in tighter <FONT STYLE="white-space:nowrap">bid-ask</FONT> spreads and better trade execution for the Combined Fund&#146;s common shareholders when purchasing or selling the
Combined Fund&#146;s common shares; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">48 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the potential for operating and administrative efficiencies for the Combined Fund, including the potential for
the following benefits: </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the ability to trade in larger positions, additional sources of leverage or more competitive leverage terms
and more favorable transaction terms; </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">benefits from having fewer <FONT STYLE="white-space:nowrap">closed-end</FONT> funds offering similar products
in the market, including an increased focus by investors on the remaining funds in the market (including the Combined Fund) and additional research coverage; and </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">benefits from having fewer similar funds in the same fund complex, including a simplified operational model
and a reduction in risk of operational, legal and financial errors; </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the anticipated <FONT STYLE="white-space:nowrap">tax-free</FONT> nature of the Mergers (except with respect to
taxable distributions, if any, from any Fund prior to, or after, the consummation of the Mergers, and the receipt of cash in lieu of fractional Shares); </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the potential effects on the Funds&#146; capital loss carryforwards; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the potential effects on each Fund&#146;s undistributed net investment income; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the expected costs of the Mergers; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the terms of the Mergers and whether the Mergers would dilute the interests of shareholders of the Funds;
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the effect of the Mergers on shareholder rights; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">alternatives to the Mergers for each Fund; and </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any potential benefits of the Mergers to the Investment Advisor and its affiliates. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Potential for Improved Economies of Scale and Potential for a Lower Expense Ratio</I>. Each Board considered the fees and Total Operating
Expenses of its Fund (including estimated expenses of the Combined Fund after the Mergers). In the Investment Advisor&#146;s view, the most likely combination is the Merger of all of the Funds, which is also expected to result in the lowest Total
Expense Ratio for the Combined Fund. If the only Merger discussed in this Joint Proxy Statement/Prospectus that is completed is the Merger of BNY into the Acquiring Fund, the Combined Fund would be expected to have a higher Total Expense Ratio than
if any other combination of Mergers were completed. For the twelve-month period ended January&nbsp;31, 2025, any combination of Mergers is expected to result in a Total Expense Ratio <I>(excluding leverage expenses and extraordinary expenses)</I>
for the Combined Fund that is lower than the Total Expense Ratio <I>(excluding leverage expenses and extraordinary expenses)</I> of each Target Fund. &#147;Total Expenses&#148; means a Fund&#146;s total annual operating expenses. &#147;Total Expense
Ratio&#148; means a Fund&#146;s Total Expenses expressed as a percentage of its average net assets attributable to its common shares. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Potential Effects of the Mergers on Earnings and Distributions</I>. The Boards noted that the Combined Fund&#146;s net earnings yield on
NAV for common shareholders following the Mergers are expected to be potentially higher than the current net earnings yield on NAV for each Fund. The distribution level of any fund is subject to change based upon a number of factors, including the
current and projected level of the fund&#146;s earnings, and may fluctuate over time; thus, subject to a number of other factors, including the fund&#146;s distribution policy, a higher net earnings profile may potentially have a positive impact on
such fund&#146;s distribution level over time. The Combined Fund&#146;s earnings and distribution rate on NAV will change over time, and depending on market conditions, may be higher or lower than each Fund&#146;s earnings and distribution rate on
NAV prior to the Mergers. A Fund&#146;s earnings and net investment income are variables which depend on many factors, including its asset mix, portfolio turnover level, the amount of leverage utilized by the Fund, the costs of such leverage, the
performance of its investments, the movement of interest rates and general market conditions. In addition, the Combined Fund&#146;s future earnings will vary depending upon the combination of completed Mergers. There can be no assurance that the
future earnings of a Fund, including the Combined Fund after the Mergers, will remain constant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">49 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Potential Effects of the Mergers on Premium/Discount to NAV of Common Shares</I>. Each
Board noted that the common shares of its Fund have historically traded at a discount. As of [&#9679;], 2025, the NAV per common share of MHN was $[&#9679;] and the market price per common share of MHN was $[&#9679;], representing a discount to NAV
of [&#9679;]%, the NAV per common share of BNY was $[&#9679;] and the market price per common share of BNY was $[&#9679;], representing a discount to NAV of [&#9679;]%, and the NAV per common share of the Acquiring Fund was $[&#9679;] and the market
price per common share of the Acquiring Fund was $[&#9679;], representing a discount to NAV of [&#9679;]%. The Boards of MHN and BNY noted that to the extent MHN and BNY&#146;s common shares are trading at a wider discount (or a narrower premium)
than the Acquiring Fund at the time of the Mergers, MHN and BNY&#146;s common shareholders would have the potential for an economic benefit by the narrowing of the discount or widening of the premium. The Boards of MHN and BNY also noted that to the
extent the MHN and BNY&#146;s common shares are trading at a narrower discount (or wider premium) than the Acquiring Fund at the time of the Mergers, MHN and BNY&#146;s common shareholders may be negatively impacted if its Merger is consummated. The
Board of the Acquiring Fund noted that Acquiring Fund common shareholders would only benefit from a premium/discount perspective to the extent the post-Merger discount (or premium) of the Acquiring Fund common shares improves. There can be no
assurance that, after the Mergers, common shares of the Combined Fund will trade at a narrower discount to NAV or wider premium to NAV than the common shares of any individual Fund prior to the Mergers. Upon consummation of the Mergers, the Combined
Fund common shares may trade at a price that is less than the current market price of Acquiring Fund common shares. In the Mergers, common shareholders of MHN and BNY will receive Acquiring Fund common shares based on the relative NAVs (not the
market values) of the respective Fund&#146;s common shares. The market value of the common shares of the Combined Fund may be less than the market value of the common shares of each respective Fund prior to the Mergers. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board noted that effective upon Closing, the Combined Fund will adopt the Discount Management Program under which the Combined Fund will,
beginning in 2026, intend to offer to purchase a minimum of 5% of its outstanding common shares, subject to the Board&#146;s discretion, at a price equal to 98% of NAV per common share via annual tender offer if the Combined Fund&#146;s common
shares trade at an average daily discount to NAV of more than 10.00% during a measurement period beginning on January 1st and concluding on September 30th of each calendar year. Even if a tender offer is triggered under the Discount Management
Program, there is no guarantee that Combined Fund shareholders will be able to sell all of the shares that they desire to sell in any particular tender offer and there can be no assurances as to the effect that the Discount Management Program will
have on the market for the Combined Fund&#146;s shares or the discount at which the Combined Fund&#146;s shares may trade relative to its NAV. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Potential Effects of the Mergers on the Preferred Shares</I>. The Board noted that each Fund has preferred shares outstanding. As of
July&nbsp;31, 2025, MHN had [&#9679;] Series <FONT STYLE="white-space:nowrap">W-7</FONT> VRDP Shares outstanding, BNY had [&#9679;] Series <FONT STYLE="white-space:nowrap">W-7</FONT> VRDP Shares outstanding and the Acquiring Fund had [&#9679;]
Series <FONT STYLE="white-space:nowrap">W-7</FONT> VRDP Shares outstanding. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with the Mergers, assuming that no MHN or BNY
VRDP Shares are redeemed prior to the applicable Closing Date, the Acquiring Fund expects to issue 2,436 additional VRDP Shares to MHN VRDP Holders and 1,794 additional VRDP Shares to BNY VRDP Holders, which may be of the same Series W-7 VRDP Shares
or a new series of VRDP Shares. Following the completion of the Mergers, based on the Fund&#146;s preferred shares currently outstanding, the Combined Fund is expected to have 6,707 VRDP Shares outstanding. If any Fund partially or fully redeems its
preferred shares, the Combined Fund will have fewer than 6,707 VRDP Shares outstanding, or possibly no VRDP Shares outstanding, following the completion of the Mergers. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board noted that, assuming all of the Mergers are approved by the requisite shareholders, upon the Closing Date of the Mergers, Target
Fund VRDP Holders will receive the right to receive on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis one newly issued Acquiring Fund VRDP Share, par value $0.10 per share and with a liquidation
preference of $100,000 per share (plus any accumulated and unpaid dividends that have accrued on the Target Fund VRDP Shares up to and including the day immediately preceding the Closing Date if such dividends have not been paid prior to the Closing
Date), in exchange for each Target Fund VRDP Share held by the Target Fund VRDP Holders immediately prior to the Closing Date. The newly issued Acquiring Fund VRDP Shares may be of the same series as the Acquiring Fund&#146;s outstanding VRDP Shares
or a substantially identical series. No fractional Acquiring Fund VRDP Shares will be issued. The terms of the Acquiring Fund VRDP Shares to be issued in connection with the Mergers will be identical or substantially identical to the terms of the
Acquiring Fund&#146;s outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the affairs of
the Acquiring Fund. The newly issued Acquiring Fund VRDP Shares will be subject to the same special rate period (including the terms thereof) applicable to the outstanding Acquiring Fund VRDP </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">50 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Shares as of the Closing Date of the Merger. Such special rate period will terminate on June&nbsp;17, 2026, unless extended. A Fund may designate any succeeding subsequent rate period of the VRDP
Shares as a &#147;special rate period&#148; subject to the restrictions and requirements set forth in the governing instrument for such Fund&#146;s VRDP Shares. During a special rate period, a Fund may choose to modify the terms of the VRDP Shares
as permitted by the governing instrument for such Fund&#146;s VRDP Shares, including, for example, special provisions relating to the calculation of dividends and the redemption of the VRDP Shares. The Mergers will not result in any changes to the
terms of the Acquiring Fund&#146;s VRDP Shares currently outstanding.&#8195; </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The newly issued Acquiring Fund VRDP Shares will have terms
that are similar to the terms of the outstanding Target Fund VRDP Shares, with certain differences. While the MHN VRDP Shares have a mandatory redemption date of July&nbsp;1, 2041, and the BNY VRDP Shares have a mandatory redemption date of
March&nbsp;31, 2051, the newly issued Acquiring Fund VRDP Shares are expected to have a mandatory redemption date of May&nbsp;1, 2041. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board noted that none of the expenses of the Mergers are expected to be borne by the VRDP Holders of the Funds. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent that the Acquiring Fund issues any new VRDP Shares in the Mergers, the VRDP Holders of each Fund, if any, will be VRDP Holders
of the larger Combined Fund that will have a larger asset base and more VRDP Shares outstanding than any Fund individually before the Mergers. With respect to matters requiring all preferred shareholders to vote separately or common and preferred
shareholders to vote together as a single class, following the Mergers, any VRDP Holders of the Combined Fund may hold a smaller percentage of the outstanding VRDP Shares of the Combined Fund as compared to their percentage holdings of outstanding
VRDP Shares, if any, of their respective Fund prior to the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Compatibility of Investment Objectives, Investment Strategies and
Policies and Related Risks and Risk Profiles</I>. Each Board noted that its Fund&#146;s shareholders will remain invested in an exchange-listed, <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company registered under the
1940 Act that will have substantially greater net assets and the same (in the case of the Acquiring Fund), or similar (in the case of MHN and BNY) investment objective and the same (in the case of the Acquiring Fund) or similar (in the case of MHN
and BNY) investment strategies, policies and restrictions. Each Fund also utilizes leverage in the form of VRDP Shares and TOBs. The risk/return profile of the Combined Fund is expected to remain comparable to those of each Fund before the Mergers
because of the similarities in the investment policies of each Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Consistency of Portfolio Management and Portfolio
Composition</I>. Each Board noted that each Fund has the same investment adviser and that each Fund&#146;s shareholders will benefit from the experience and expertise of the Combined Fund&#146;s anticipated portfolio management team. Each Fund is
managed by a team of investment professionals led by Kevin Maloney, CFA, Phillip Soccio, CFA, Walter O&#146;Connor, CFA, Christian Romaglino, CFA, Michael Kalinoski, CFA, and Kristi Manidis. Following the Mergers, it is expected that the Combined
Fund will be managed by the same team of investment professionals as currently manage the Acquiring Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Board also considered the
portfolio composition of its Fund and the impact of the Mergers on the Fund&#146;s portfolio. Each Board noted that it is not anticipated that there will be any significant disposition of the holdings in its Fund as a result of the Mergers because
of the similarities among the portfolio guidelines of the Funds. For additional information, please see &#147;Additional Risk Factors and Special Considerations.&#148; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Potential for Improved Secondary Market Trading for Common Shares</I>. While it is not possible to predict trading levels at the time the
Mergers close, each Board considered that the Combined Fund may provide greater secondary market liquidity for its common shares as it would be larger than any of the Funds, which may result in tighter <FONT STYLE="white-space:nowrap">bid-ask</FONT>
spreads, better trade execution for the Combined Fund&#146;s common shareholders when purchasing or selling Combined Fund common shares. However, there can be no assurance that the Mergers will result in such benefits or that the common shares of
the Combined Fund will trade at a narrower discount to NAV or wider premium to NAV than the common shares of any individual Fund prior to the Mergers. Upon consummation of the Mergers, the secondary market liquidity,
<FONT STYLE="white-space:nowrap">bid-ask</FONT> spreads, and trade execution with respect to the Combined Fund&#146;s common shares may deteriorate. Furthermore, the Combined Fund common shares may trade at a price that is less than the current
market price of Acquiring Fund common shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">51 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Potential for Operating and Administrative Efficiencies</I>. Each Board noted that the
Combined Fund may achieve certain operating and administrative efficiencies from its larger net asset size, including the ability to trade in larger positions, additional sources of leverage or more competitive leverage terms and more favorable
transaction terms. Each Board also noted that the Combined Fund may experience potential benefits from having fewer <FONT STYLE="white-space:nowrap">closed-end</FONT> funds offering similar products in the market, including an increased focus by
investors on the remaining funds in the market (including the Combined Fund) and additional research coverage. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Board also noted that
the Combined Fund may experience potential benefits from having fewer similar funds in the same fund complex, including a simplified operational model, the elimination of complexities involved with having duplicative funds, easier product
differentiation for shareholders (including shareholders of the Combined Fund) and reduced risk of operational, legal and financial errors. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Anticipated <FONT STYLE="white-space:nowrap">Tax-Free</FONT> Mergers</I>. Each Board noted that it is anticipated that shareholders of its
Fund will generally recognize no gain or loss for U.S. federal income tax purposes as a result of the Mergers (except with respect to cash received in lieu of fractional common shares), as each Merger is intended to qualify as a
&#147;reorganization&#148; within the meaning of Section&nbsp;368(a) of the Code. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders of each Fund may receive distributions
prior to, or after, the consummation of the Mergers, including distributions attributable to their proportionate share of each Fund&#146;s undistributed net investment income declared prior to the consummation of the Mergers or the Combined Fund <FONT
STYLE="white-space:nowrap">built-in</FONT> gains, if any, recognized after the Mergers, when such income and gains are eventually distributed by the Combined Fund. To the extent that such a distribution is not an &#147;exempt interest dividend&#148;
(as defined in the Code), the distribution may be taxable to shareholders for U.S. federal income tax purposes. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Capital Loss
Carryforward Considerations</I>. Each Board considered that capital loss carryforwards of the Combined Fund attributable to each Fund will be subject to tax loss limitation rules by reason of each Fund&#146;s undergoing an &#147;ownership
change&#148; in the Mergers. Each Board also noted that the Combined Fund&#146;s capital loss carryforward loss on a per share basis is expected to be higher than each of MHN&#146;s and BNY&#146;s capital loss carryforward loss per share, but lower
than the Acquiring Fund&#146;s capital loss carryforward loss per share. Each Board considered that the ability of its Fund to fully utilize its existing capital loss carryforwards depends on many variables and assumptions, including projected
performance, and is, therefore, highly uncertain. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Potential Effects of the Mergers on Undistributed Net Investment Income</I>. If the
Mergers are approved by shareholders, then the greater of (1)&nbsp;substantially all of the UNII, if any, or (2)&nbsp;the monthly distribution of each Fund is expected to be declared to such Fund&#146;s common shareholders prior to the Closing Date
(previously defined as the <FONT STYLE="white-space:nowrap">&#147;Pre-Merger</FONT> Declared UNII Distributions&#148;). The declaration date, <FONT STYLE="white-space:nowrap">Ex-Dividend</FONT> Date and record date of the <FONT
STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions will occur prior to the Closing Date. However, all or a significant portion of the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions may be paid in
one or more distributions to common shareholders of the Funds entitled to such <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions after the Closing Date. Former MHN and BNY shareholders entitled to such <FONT
STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions paid after the Closing Date will receive such distributions in cash for a partial month post-Merger. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Persons who purchase common shares of any of the Funds on or after the <FONT STYLE="white-space:nowrap">Ex-Dividend</FONT> Date for the <FONT
STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions should not expect to receive any distributions from any Fund until distributions, if any, are declared by the Board of the Combined Fund and paid to shareholders entitled to
any such distributions. No such distributions are expected to be paid by the Combined Fund until at least approximately one month following the Closing Date. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Additionally, the Acquiring Fund, in order to seek to provide its common shareholders with distribution rate stability, may include in its <FONT
STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution amounts in excess of its undistributed net investment income and net investment income accrued through the Closing Date. This would result in the Acquiring Fund issuing
incrementally more common shares in the Mergers since its NAV as of the valuation time for the Mergers would be lower relative to a scenario where such excess amounts were not included in the Acquiring Fund&#146;s
<FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">52 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent any <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII
Distribution is not an &#147;exempt interest dividend&#148; (as defined in the Code), the distribution may be taxable to shareholders for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Expected Costs of the Mergers</I>. Each Board considered the terms and conditions of the applicable Fund&#146;s Merger Agreement(s),
including the estimated costs associated with the Mergers, and the allocation of such costs among the Funds. Each Board noted, however, that the Investment Advisor anticipated that the projected costs of the Mergers may be recovered over time.
Common shareholders of each Fund will indirectly bear all or a portion of the costs of the Mergers. The expenses of the Mergers are estimated to be approximately $322,000 for MHN and $367,000 for BNY. For the Acquiring Fund, the expenses of the
applicable Mergers are estimated to be approximately $307,000. The actual costs associated with the Mergers may be more or less than the estimated costs discussed herein. Each Board also noted that the VRDP Holders are not expected to bear any of
the costs of the Mergers, while the common shareholders of the Funds will indirectly bear the costs of the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Terms of the
Mergers and Impact on Shareholders</I>. Each Board noted that the aggregate NAV (not the market value) of the Acquiring Fund common shares that a Target Fund&#146;s common shareholders will receive in the applicable Merger is expected to equal the
aggregate NAV (not the market value) of the Target Fund common shares that the Target Fund&#146;s common shareholders owned immediately prior to the Closing Date. The aggregate NAV of each Fund immediately prior to the applicable Merger will reflect
accrued expenses associated with such Merger.&nbsp;The NAV of MHN and BNY&#146;s common shares will not be diluted as a result of the Mergers. Fractional Acquiring Fund common shares will generally not be issued to MHN and BNY&#146;s common
shareholders in connection with the Mergers, and MHN and BNY common shareholders should expect to receive cash in lieu of such fractional common shares. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Board further noted that holders of MHN and BNY VRDP Shares will receive the same number of Acquiring Fund VRDP Shares as any MHN and BNY
VRDP Shares held by such VRDP Holders immediately prior to the Closing Date. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The newly issued Acquiring Fund VRDP Shares will have terms
that are similar to the terms of the outstanding Target Fund VRDP Shares, with certain differences. While the MHN VRDP Shares have a mandatory redemption date of July&nbsp;1, 2041, and the BNY VRDP Shares have a mandatory redemption date of
March&nbsp;31, 2051, the newly issued Acquiring Fund VRDP Shares are expected to have a mandatory redemption date of May&nbsp;1, 2041. A Fund may designate any succeeding subsequent rate period of the VRDP Shares as a &#147;special rate period&#148;
subject to the restrictions and requirements set forth in the governing instrument for such Fund&#146;s VRDP Shares. During a special rate period, a Fund may choose to modify the terms of the VRDP Shares as permitted by the governing instrument for
such Fund&#146;s VRDP Shares, including, for example, special provisions relating to the calculation of dividends and the redemption of the VRDP Shares. The VRDP Shares of the Acquiring Fund are currently in a special rate period that will end on
June&nbsp;17, 2026, unless extended. The terms of the special rate period applicable to the newly issued Acquiring Fund VRDP Shares are expected to be identical to the terms of the special rate period applicable to the outstanding Acquiring Fund
VRDP Shares as of the Closing Date of the Merger. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Effect on Shareholder Rights</I>. Each Board noted that BNY is formed as a statutory
trust under the laws of the State of Delaware, and MHN and the Acquiring Fund are each organized as a Maryland corporation. Each Board also noted that the common shareholders of each Fund have similar voting rights and rights with respect to the
payment of dividends and distribution of assets upon liquidation of their respective Fund and have no preemptive, conversion or exchange rights. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Board also noted that the terms of the Acquiring Fund VRDP Shares to be issued in connection with the Mergers will have terms that are
identical to the terms of the Acquiring Fund&#146;s outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to the payment of dividends and the distribution of assets upon dissolution, liquidation or
winding up of the affairs of the Acquiring Fund. The terms of the special rate period applicable to the newly issued Acquiring Fund VRDP Shares are expected to be identical to the terms of the special rate period applicable to the outstanding
Acquiring Fund VRDP Shares as of the Closing Date of the Mergers. Such special rate period will terminate on June&nbsp;17, 2026, unless extended. The Mergers will not result in any changes to the terms of the Acquiring Fund&#146;s VRDP Shares
currently outstanding. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Alternatives to the Mergers</I>. In reaching its decision to approve the Mergers, the Board considered
alternatives to the Mergers, including continuing to operate each Fund as a separate Fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">53 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Potential Benefits to the Investment Advisor and its Affiliates</I>. Each Board
recognized that the Mergers may result in some benefits and economies of scale for the Investment Advisor and its affiliates. These may include, for example, administrative and operational efficiencies or a reduction in certain operational expenses
as a result of the elimination of MHN and BNY as separate funds in the BlackRock Fixed-Income Complex. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Board noted that, if the
Mergers are consummated, the annual contractual investment management fee rate of the Acquiring Fund will be the annual contractual investment management fee rate of the Combined Fund, which will be 0.50% of the average daily value of the net assets
of the Combined Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Conclusion</I>. Each Board, including the Independent Board Members, unanimously approved each Merger Agreement
and each Issuance, as applicable, concluding that the Mergers are in the best interests of its Fund and that the interests of existing common shareholders and preferred shareholders of its Fund will not be diluted with respect to NAV and liquidation
preference, respectively, as a result of the Mergers. This determination was made on the basis of each Board Member&#146;s business judgment after consideration of all of the factors taken as a whole with respect to its Fund and the Fund&#146;s
common and preferred shareholders, although individual Board Members may have placed different weight on various factors and assigned different degrees of materiality to various factors. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Because the shareholders of each Fund will vote separately on the Fund&#146;s respective Merger(s) or Issuances, there are multiple potential
combinations of Mergers. To the extent that any Merger is not completed, any expected expense savings by the Combined Fund, or other potential benefits resulting from the Mergers, may be reduced. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If a Merger is not consummated, then the Investment Advisor may, in connection with ongoing management of the Fund for which such Merger(s)
was not consummated and its product line, recommend alternative proposals to the Board of that Fund.] </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_11"></A>Terms of the Merger
Agreements </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following is a summary of the significant terms of each Merger Agreement. This summary is qualified in its entirety by
reference to the Form of Agreement and Plan of Merger attached as <U>Appendix A</U> to this Joint Proxy Statement/Prospectus. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Valuation of Assets and
Liabilities </U></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Pursuant to the Merger Agreements, the NAV of the Acquiring Fund and each Target Fund, the values of their assets, the
amounts of their liabilities, and the liquidation preference (including accumulated and unpaid dividends) of any Target Fund VRDP Shares and the Acquiring Fund VRDP Shares will be computed as of the close of regular trading on the NYSE on the
business day immediately prior to the Closing Date (the &#147;Valuation Time&#148;) after the payment of the dividends by the Target Fund (as discussed below), using the Acquiring Fund&#146;s valuation procedures or such other valuation procedures
as shall be mutually agreed upon by the parties and no adjustment will be made to the NAV so determined of any Fund to take into account differences in realized and unrealized gains and losses. Such valuation and determination shall be made by the
Acquiring Fund in cooperation with the Target Fund and shall be confirmed by the Acquiring Fund to the Target Fund. The NAV per share of the Acquiring Fund common shares and the liquidation preference (including accumulated and unpaid dividends) per
share of the Acquiring Fund VRDP Shares shall be determined in accordance with such procedures. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Dividends will accumulate on any
outstanding MHN and BNY VRDP Shares up to and including the day immediately preceding the Closing Date. MHN and BNY VRDP Holders will receive the right to receive on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis one newly issued VRDP Share of the Acquiring Fund, par value $0.10 per share and with a liquidation preference of $100,000 per share (plus any
accumulated and unpaid dividends that have accrued on any outstanding MHN and BNY VRDP Shares, as applicable, up to and including the day immediately preceding the Closing Date if such dividends have not been paid prior to Closing Date), in exchange
for each MHN and BNY VRDP Share held by the MHN and BNY VRDP Holders immediately prior to the Closing Date. The newly issued Acquiring Fund VRDP Shares may be of the same series as the Acquiring Fund&#146;s outstanding VRDP Shares or a substantially
identical series. No fractional Acquiring Fund VRDP Shares will be issued. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">54 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The first dividend period for the Acquiring Fund VRDP Shares to be issued in the Mergers
will commence on the Closing Date and end on the day immediately preceding the first dividend payment date for such VRDP Shares, which will be the first business day of the month following the month in which the Closing Date occurs. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Amendments and Conditions </U></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A Merger
Agreement may be amended, modified or supplemented in such manner as may be mutually agreed upon in writing by each Fund and each Merger Sub affected by the amendment subject to the prior view of such Fund&#146;s and the Merger Sub&#146;s counsel
and the authorization of such Fund&#146;s Board. However, after adoption of the Merger Agreement and approval of the Merger, no amendment, modification or supplement may have the effect of changing the provisions for determining the number of
Acquiring Fund shares to be issued to a Target Fund&#146;s shareholders under the Merger Agreement with respect to a Merger to the detriment of such shareholders without their further approval. The obligations of each Fund pursuant to a Merger
Agreement are subject to the satisfaction or waiver (if permissible) of various conditions, including a registration statement on Form <FONT STYLE="white-space:nowrap">N-14</FONT> being declared effective by the SEC, approval of the Merger Agreement
by the shareholders of the applicable Target Fund and the VRDP Holders of the Acquiring Fund, certain third-party consents, the approval of each Issuance by the shareholders of the Acquiring Fund, receipt of an opinion of counsel as to tax matters,
receipt of an opinion of counsel as to corporate and securities matters and the continuing accuracy of various representations and warranties of the Funds being confirmed by the respective parties. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">No Merger is contingent upon the approval of any other Merger. If a Merger is not consummated, the Fund for which such Merger(s) was not
consummated would continue to exist and operate on a standalone basis. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Postponement; Termination </U></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A Merger Agreement may be terminated by the mutual agreement of the parties. In addition, a Fund may at its option terminate its Merger
Agreement with respect to its Merger at or before the closing due to: (1)&nbsp;a breach by the <FONT STYLE="white-space:nowrap">non-terminating</FONT> party of any representation or warranty, or agreement to be performed at or before the closing, if
not cured within 30 days of the breach and prior to the closing; (2)&nbsp;a condition precedent to the obligations of the terminating party that has not been met or waived and it reasonably appears that it will not or cannot be met; or (3)&nbsp;a
determination by the Acquiring Fund&#146;s Board or a Target Fund&#146;s Board that the consummation of the transactions contemplated by the Merger Agreement is not in the best interests of its respective Fund involved in the Merger(s). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Book-Entry Interests </U></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund
will issue to MHN and BNY VRDP Holders book-entry interests for the Acquiring Fund VRDP Shares registered in the name of such MHN and BNY VRDP Holders on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT>
basis for each holder&#146;s holdings of MHN and BNY VRDP Shares. Each Fund&#146;s VRDP Shares were or will be issued in book-entry form as global securities, and such global securities were deposited with, or on behalf of, The Depository Trust
Company (&#147;DTC&#148;) and registered in the name of Cede&nbsp;&amp; Co., the nominee of DTC. Beneficial interests in the global securities are held only through DTC and any of its participants. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund will issue to MHN and BNY common shareholders book-entry interests and cash in lieu of fractional common shares, if
applicable, for the Acquiring Fund common shares registered in the name of such shareholders on the basis of each shareholder&#146;s proportionate interest in the aggregate NAV of MHN and BNY common shares, respectively. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Expenses of the Mergers </U></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund will
bear expenses incurred in connection with its Merger(s). The expenses incurred in connection with the Mergers include, but are not limited to, costs related to the preparation and distribution of materials distributed to each Fund&#146;s Board,
expenses incurred in connection with the preparation of the Merger Agreements, the preparation and filing of any documents required by a Fund&#146;s state of organization, the registration statement on Form
<FONT STYLE="white-space:nowrap">N-14</FONT> and the separate Joint Proxy Statement to preferred shareholders, the printing and distribution of this Joint Proxy Statement/Prospectus delivered to common shareholders, the separate Joint Proxy
Statement delivered to preferred </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">55 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
shareholders and any other materials required to be distributed to shareholders, SEC and state securities commission filing fees, and legal and audit fees in connection with the Mergers,
including fees incurred in obtaining the requisite consents of rating agencies, counterparties or service providers to the VRDP Shares, legal fees incurred in connection with amending the transaction documents for the VRDP Shares, which may include
the legal fees of counterparties and service providers to the extent applicable, legal fees incurred preparing each Fund&#146;s Board materials, attending each Fund&#146;s Board meetings and preparing the minutes, rating agency fees associated with
the ratings of the VRDP Shares in connection with the Merger, auditing fees associated with each Fund&#146;s financial statements, stock exchange fees, transfer agency fees, rating agency fees, portfolio transfer taxes (if any), and any other legal
fees and similar expenses incurred in connection with the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Common shareholders of each Fund will indirectly bear all or a portion
of the costs of the Mergers. The expenses of the Mergers are estimated to be approximately $322,000 for MHN and $367,000 for BNY. For the Acquiring Fund, the expenses of the applicable Mergers are estimated to be approximately $307,000. The actual
costs associated with the Mergers may be more or less than the estimated costs discussed herein. Each Board also noted that the VRDP Holders are not expected to bear any of the costs of the Mergers, while the common shareholders of the Funds will
indirectly bear the costs of the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Neither the Funds nor the Investment Advisor will pay any direct expenses of shareholders
arising out of or in connection with the Mergers (<I>e.g.</I>, expenses incurred by the shareholder as a result of attending the Special Meeting, voting on the Mergers or other action taken by the shareholder in connection with the Mergers). The
actual costs associated with the Mergers may be more or less than the estimated costs discussed herein. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_12"></A>Appraisal Rights
</B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders of BNY do not have appraisal rights for their common or preferred shares because BNY is formed as a Delaware statutory
trust and BNY&#146;s Agreement and Declaration of Trust states that the shareholders are not entitled to appraisal rights. Under Maryland law, stockholders are entitled to demand the fair value of their shares from the successor entity in connection
with a merger except where any exceptions apply, which exceptions include if any shares of the class or series are listed on a national securities exchange, such as the common shares of MHN and the Acquiring Fund, on the Record Date. No exception
exists for the Target Fund VRDP Shares and therefore the MHN VRDP Holders are entitled to demand the fair value of their VRDP Shares from the Acquiring Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_13"></A>Description of Common Shares to Be Issued by the Acquiring Fund </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The terms of the shares of common stock of the Acquiring Fund to be issued pursuant to the Mergers will be identical to the terms of the
Acquiring Fund common shares that are currently outstanding. The shares of common stock of the Acquiring Fund, when issued, will be fully paid and <FONT STYLE="white-space:nowrap">non-assessable,</FONT> except as provided by the Acquiring
Fund&#146;s charter, and have no preemptive, conversion or exchange rights or rights to cumulative voting. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Please see &#147;Information
about the Common Shares of the Funds&#148; for additional information about the Funds&#146; common shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_14"></A>Description of
VRDP Shares to Be Issued by the Acquiring Fund </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Assuming all of the Mergers are approved by the requisite shareholders, upon the
Closing Date of the Mergers, Target Fund VRDP Holders will receive the right to receive on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis one newly issued Acquiring Fund VRDP Share, par value
$0.10 per share and with a liquidation preference of $100,000 per share (plus any accumulated and unpaid dividends that have accrued on such Target Fund VRDP Share up to and including the day immediately preceding the Closing Date if such dividends
have not been paid prior to the Closing Date), in exchange for each Target Fund VRDP Share held by the Target Fund VRDP Holders immediately prior to the Closing Date. The newly issued Acquiring Fund VRDP Shares may be of the same series as the
Acquiring Fund&#146;s outstanding VRDP Shares or a substantially identical series. No fractional Acquiring Fund VRDP Shares will be issued. The terms of the Acquiring Fund VRDP Shares to be issued in connection with the Mergers will be identical or
substantially identical to the terms of the Acquiring Fund&#146;s outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to the payment of dividends and the distribution of assets upon dissolution,
liquidation or winding </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">56 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
up of the affairs of the Acquiring Fund. The newly issued Acquiring Fund VRDP Shares will be subject to the same special rate period (including the terms thereof) applicable to the outstanding
Acquiring Fund VRDP Shares as of the Closing Date of the Merger. Such special rate period will terminate on June&nbsp;17, 2026, unless extended. A Fund may designate any succeeding subsequent rate period of the VRDP Shares as a &#147;special rate
period&#148; subject to the restrictions and requirements set forth in the governing instrument for such Fund&#146;s VRDP Shares. During a special rate period, a Fund may choose to modify the terms of the VRDP Shares as permitted by the governing
instrument for such Fund&#146;s VRDP Shares, including, for example, special provisions relating to the calculation of dividends and the redemption of the VRDP Shares. The Mergers will not result in any changes to the terms of the Acquiring
Fund&#146;s VRDP Shares currently outstanding. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The newly issued Acquiring Fund VRDP Shares will have terms that are similar to the terms
of the outstanding Target Fund VRDP Shares, with certain differences. While the MHN VRDP Shares have a mandatory redemption date of July&nbsp;1, 2041, and the BNY VRDP Shares have a mandatory redemption date of March&nbsp;31, 2051, the newly issued
Acquiring Fund VRDP Shares are expected to have a mandatory redemption date of May&nbsp;1, 2041. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">None of the expenses of the Mergers are
expected to be borne by the VRDP Holders of the Funds. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent that the Acquiring Fund issues any new VRDP Shares in the Mergers,
the VRDP Holders of each Fund, if any, will be VRDP Holders of the larger Combined Fund that will have a larger asset base and more VRDP Shares outstanding than any Fund individually before the Mergers. With respect to matters requiring all
preferred shareholders to vote separately or common and preferred shareholders to vote together as a single class, following the Mergers, any VRDP Holders of the Combined Fund may hold a smaller percentage of the outstanding VRDP Shares of the
Combined Fund as compared to their percentage holdings of outstanding VRDP Shares, if any, of their respective Fund prior to the Mergers. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Please see &#147;Information about the Preferred Shares of the Funds&#148; for additional information. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">57 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_15"></A>THE FUNDS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN and the Acquiring Fund are each incorporated as a Maryland corporation pursuant to its charter and governed by the laws of the State of
Maryland. BNY is formed as a Delaware statutory trust under the laws of the State of Delaware. Each of MHN and the Acquiring Fund is a <FONT STYLE="white-space:nowrap">non-diversified,</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT>
management investment company registered under the 1940 Act. BNY is a diversified, <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company registered under the 1940 Act. Each Fund&#146;s principal office is located at 100
Bellevue Parkway, Wilmington, Delaware 19809, and each Fund&#146;s telephone number is (800) <FONT STYLE="white-space:nowrap">882-0052.</FONT> </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY was formed as a Delaware statutory trust governed by the Delaware Statutory Trust Act on March&nbsp;30, 2001, and commenced operations on
July&nbsp;27, 2001. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN was incorporated as a Maryland corporation governed by the laws of the State of Maryland on April&nbsp;24, 1997,
and commenced operations on September&nbsp;19, 1997. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund was incorporated as a Maryland corporation governed by the laws
of the State of Maryland on December&nbsp;17, 1991, and commenced operations on March&nbsp;16, 1992. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund common shares are
listed on the NYSE as &#147;MYN.&#148; MHN&#146;s common shares are listed on the NYSE as &#147;MHN.&#148; BNY&#146;s common shares are listed on the NYSE as &#147;BNY.&#148; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each of the Acquiring Fund, MHN and BNY has a July&nbsp;31 fiscal year end. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each of MHN, BNY and the Acquiring Fund has VRDP Shares outstanding. Each Fund&#146;s VRDP Shares are not listed on a national stock exchange
and have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered, sold, assigned, transferred, pledged, encumbered or otherwise disposed of except pursuant to an exemption from, or in
a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Please see &#147;Information about the Preferred Shares of the Funds&#148; for additional information. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">58 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_16"></A>THE ACQUIRING FUND&#146;S INVESTMENTS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Investment Objective and Policies </U></B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund&#146;s investment objective is to provide stockholders with as high a level of current income exempt from federal income
taxes and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management. The Acquiring Fund seeks to achieve its investment objective by investing, as a fundamental policy, at
least 80% of an aggregate of the Acquiring Fund&#146;s net assets (including proceeds from the issuance of any preferred stock) and the proceeds of any borrowings for investment purposes, in a portfolio of municipal obligations issued by or on
behalf of the State of New York, its political subdivisions, agencies and instrumentalities and by other qualifying instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income
for federal income tax purposes (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax) and exempt from New York State and New York City personal income taxes (previously defined as
&#147;MYN New York Municipal Bonds&#148;). The Acquiring Fund also may invest in municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or
instrumentalities, which pay interest that is excludable from gross income for federal income tax purposes, in the opinion of bond counsel to the issuer, but is not exempt from New York State and New York City personal income taxes (previously
defined as &#147;MYN Municipal Bonds&#148;). Unless otherwise noted, the term &#147;MYN Municipal Bonds&#148; also includes MYN New York Municipal Bonds. Under normal circumstances, the Acquiring Fund will invest at least 80% of its net assets, plus
the amount of any borrowings for investment purposes, in &#147;investment grade&#148; securities. The Acquiring Fund&#146;s investments in derivatives will be counted toward the Acquiring Fund&#146;s 80% policies to the extent that they provide
investment exposure to the securities included within each policy or to one or more market risk factors associated with such securities. In general, the Acquiring Fund does not intend for its investments to earn a large amount of interest income
that is (i)&nbsp;includable in gross income for federal income tax purposes or (ii)&nbsp;not exempt from New York State and New York City personal income taxes. The Acquiring Fund&#146;s investment objective and its policy of investing at least 80%
of an aggregate of the Acquiring Fund&#146;s net assets (including proceeds from the issuance of any preferred stock) and the proceeds of any borrowings for investment purposes, in MYN New York Municipal Bonds are fundamental policies that may not
be changed without the approval of a majority of the outstanding voting securities of the Acquiring Fund (as defined in the 1940 Act). There can be no assurance that the Acquiring Fund&#146;s investment objective will be realized. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may invest in certain <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities classified as &#147;private activity
bonds&#148; (or industrial development bonds, under <FONT STYLE="white-space:nowrap">pre-1986</FONT> law) (&#147;PABs&#148;) (in general, bonds that benefit <FONT STYLE="white-space:nowrap">non-governmental</FONT> entities) that may subject certain
investors in the Acquiring Fund to an alternative minimum tax. The percentage of the Acquiring Fund&#146;s total assets invested in PABs will vary from time to time. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under normal market conditions, the Acquiring Fund expects to invest primarily in a portfolio of long-term MYN Municipal Bonds that are
commonly referred to as &#147;investment grade&#148; securities, which are obligations rated at the time of purchase within the four highest-quality ratings as determined by either Moody&#146;s (currently Aaa, Aa, A and Baa), S&amp;P (currently AAA,
AA, A and BBB) or Fitch (currently AAA, AA, A and BBB) or are considered by the Investment Advisor to be of comparable quality. In the case of short-term notes, the investment grade rating categories are <FONT STYLE="white-space:nowrap">SP-1+</FONT>
through <FONT STYLE="white-space:nowrap">SP-2</FONT> for S&amp;P, MIG 1 through MIG 3 for Moody&#146;s and F1+ through F3 for Fitch. In the case of <FONT STYLE="white-space:nowrap">tax-exempt</FONT> commercial paper, the investment grade rating
categories are <FONT STYLE="white-space:nowrap">A-1+</FONT> through <FONT STYLE="white-space:nowrap">A-3</FONT> for S&amp;P, <FONT STYLE="white-space:nowrap">Prime-1</FONT> through <FONT STYLE="white-space:nowrap">Prime-3</FONT> for Moody&#146;s and
F1+ through F3 for Fitch. Obligations ranked in the lowest investment grade rating category (BBB, <FONT STYLE="white-space:nowrap">SP-2</FONT> and <FONT STYLE="white-space:nowrap">A-3</FONT> for S&amp;P; Baa, MIG 3 and
<FONT STYLE="white-space:nowrap">Prime-3</FONT> for Moody&#146;s; and BBB and F3 for Fitch), while considered &#147;investment grade,&#148; may have certain speculative characteristics. There may be
<FONT STYLE="white-space:nowrap">sub-categories</FONT> or gradations indicating relative standing within the rating categories set forth above. In assessing the quality of MYN Municipal Bonds with respect to the foregoing requirements, the
Investment Advisor takes into account the nature of any letters of credit or similar credit enhancement to which particular MYN Municipal Bonds are entitled and the creditworthiness of the financial institution that provided such credit enhancement.
Insurance is expected to protect the Acquiring Fund against losses caused by a bond issuer&#146;s failure to make interest or principal payments. However, insurance does not protect the Acquiring Fund or its stockholders against losses caused by
declines in a bond&#146;s market value. If a bond&#146;s insurer fails to fulfill its obligations or loses its credit rating, the value of the bond could drop. If unrated, such securities will possess creditworthiness comparable, in the opinion of
the Investment Advisor, to other obligations in which the Acquiring Fund may invest. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">59 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may invest up to 20% of its managed assets in securities that are rated
below investment grade, which are securities rated at the time of purchase Ba or below by Moody&#146;s, BB or below by S&amp;P or Fitch, or securities determined by the Investment Advisor to be of comparable quality. Below investment grade quality
is regarded as predominantly speculative with respect to the issuer&#146;s capacity to pay interest and repay principal. Such securities commonly are referred to as &#147;high yield&#148; or &#147;junk&#148; bonds. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">All percentage and ratings limitations on securities in which the Acquiring Fund may invest apply at the time of making an investment and
shall not be considered violated as a result of subsequent market movements or if an investment rating is subsequently downgraded to a rating that would have precluded the Acquiring Fund&#146;s initial investment in such security. In the event that
the Acquiring Fund disposes of a portfolio security subsequent to its being downgraded, the Acquiring Fund may experience a greater risk of loss than if such security had been sold prior to such downgrade. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The average maturity of the Acquiring Fund&#146;s portfolio securities varies from time to time based upon an assessment of economic and
market conditions by the Investment Advisor. The Acquiring Fund&#146;s portfolio at any given time may include both long-term and intermediate-term municipal bonds. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The NAV of the shares of common stock of a <FONT STYLE="white-space:nowrap">closed-end</FONT> investment company, such as the Acquiring Fund,
which invests primarily in fixed income securities, changes as the general levels of interest rates fluctuate. When interest rates decline, the value of a fixed income portfolio can be expected to rise. Conversely, when interest rates rise, the
value of a fixed income portfolio can be expected to decline. Prices of longer-term securities generally fluctuate more in response to interest rate changes than do shorter term securities. These changes in NAV are likely to be greater in the case
of a fund having a leveraged capital structure, such as the Acquiring Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For temporary periods or to provide liquidity, the Acquiring
Fund has the authority to invest as much as 20% of its total assets in tax exempt and taxable money market obligations with a maturity of one year or less (such short-term obligations being referred to herein as &#147;Temporary Investments&#148;).
In addition, the Acquiring Fund reserves the right as a defensive measure to invest temporarily a greater portion of its assets in Temporary Investments, when, in the opinion of the Investment Advisor, prevailing market or financial conditions
warrant. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Taxable money market obligations will yield taxable income. The Acquiring Fund also may invest in VRDOs and VRDOs in the form of
participation interests (&#147;Participating VRDOs&#148;) in variable rate <FONT STYLE="white-space:nowrap">tax-exempt</FONT> obligations held by a financial institution. See &#147;Other Investment Policies&#151;Temporary Investments.&#148; The
Acquiring Fund&#146;s hedging strategies, which are described in more detail under &#147;Investment Objective and Policies&#151;Strategic Transactions&#151;Financial Futures Transactions and Options,&#148; are not fundamental policies and may be
modified by the Board of Directors of the Acquiring Fund without the approval of the Acquiring Fund&#146;s stockholders. The Acquiring Fund is also authorized to invest in indexed and inverse floating rate obligations for hedging purposes and to
seek to enhance return. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may invest in securities not issued by or on behalf of a state or territory or by an agency or
instrumentality thereof, if the Acquiring Fund receives an opinion of counsel to the issuer that such securities pay interest that is excludable from gross income for federal income tax purposes and, if applicable, exempt from New York State and New
York City personal income taxes <FONT STYLE="white-space:nowrap">(&#147;Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities&#148;). <FONT STYLE="white-space:nowrap">Non-Municipal</FONT>
<FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities could include trust certificates, partnership interests or other instruments evidencing interest in one or more long-term MYN Municipal Bonds.
<FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities also may include securities issued by other investment companies that invest in MYN Municipal Bonds, to the extent such investments
are permitted by the Acquiring Fund&#146;s investment restrictions and applicable law. <FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities are subject to the same risks associated with
an investment in MYN Municipal Bonds as well as many of the risks associated with investments in derivatives. If the Internal Revenue Service were to issue any adverse ruling or take an adverse position with respect to the taxation on these types of
securities, there is a risk that the interest paid on such securities would be deemed taxable at the federal level. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund
ordinarily does not intend to realize significant investment income not exempt from federal income tax. From time to time, the Acquiring Fund may realize taxable capital gains. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">60 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Federal tax legislation may limit the types and volume of bonds the interest on which
qualifies for a federal income tax exemption. As a result, current legislation and legislation that may be enacted in the future may affect the availability of MYN Municipal Bonds for investment by the Acquiring Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Municipal Bonds </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Set
forth below is a detailed description of the MYN Municipal Bonds and Temporary Investments in which the Acquiring Fund may invest. Information with respect to ratings assigned to <FONT STYLE="white-space:nowrap">tax-exempt</FONT> obligations that
the Acquiring Fund may purchase is set forth in Appendix A&#151;&#147;Description of Bond Ratings&#148; in the Statement of Additional Information. Obligations are included within the term MYN Municipal Bonds if the interest paid thereon is excluded
from gross income for federal income tax purposes in the opinion of bond counsel to the issuer. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MYN Municipal Bonds include debt
obligations issued to obtain funds for various public purposes, including the construction of a wide range of public facilities, refunding of outstanding obligations and obtaining funds for general operating expenses and loans to other public
institutions and facilities. In addition, certain types of PABs are issued by or on behalf of public authorities to finance various privately owned or operated facilities, including among other things, airports, public ports, mass commuting
facilities, multi-family housing projects, as well as facilities for water supply, gas, electricity, sewage or solid waste disposal and other specialized facilities. Other types of PABs, the proceeds of which are used for the construction, equipment
or improvement of privately operated industrial or commercial facilities, may constitute MYN Municipal Bonds. The interest on MYN Municipal Bonds may bear a fixed rate or be payable at a variable or floating rate. The two principal classifications
of MYN Municipal Bonds are &#147;general obligation&#148; bonds and &#147;revenue&#148; bonds, which latter category includes PABs and, for bonds issued on or before August&nbsp;15, 1986, industrial development bonds. MYN Municipal Bonds typically
are issued to finance public projects, such as roads or public buildings, to pay general operating expenses or to refinance outstanding debt. MYN Municipal Bonds may also be issued for private activities, such as housing, medical and educational
facility construction, or for privately owned industrial development and pollution control projects. General obligation bonds are backed by the full faith and credit, or taxing authority, of the issuer and may be repaid from any revenue source.
Revenue bonds may be repaid only from the revenues of a specific facility or source. MYN Municipal Bonds may be issued on a long-term basis to provide permanent financing. The repayment of such debt may be secured generally by a pledge of the full
faith and credit taxing power of the issuer, a limited or special tax, or any other revenue source, including project revenues, which may include tolls, fees and other user charges, lease payments and mortgage payments. MYN Municipal Bonds may also
be issued to finance projects on a short-term interim basis, anticipating repayment with the proceeds of the later issuance of long-term debt. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The MYN Municipal Bonds in which the Acquiring Fund invests pay interest or income that, in the opinion of bond counsel to the issuer, is
exempt from regular federal income tax. The Investment Advisor does not conduct its own analysis of the tax status of the interest or income paid by MYN Municipal Bonds held by the Acquiring Fund, but will rely on the opinion of counsel to the
issuer of each such instrument. The Acquiring Fund may also invest in MYN Municipal Bonds issued by United States Territories (such as Puerto Rico or Guam) that are exempt from regular federal income tax. In addition to the types of MYN Municipal
Bonds described in this Joint Proxy Statement/Prospectus, the Acquiring Fund may invest in other securities that pay interest or income that is, or make other distributions that are, exempt from regular federal income tax and/or state and local
personal taxes, regardless of the technical structure of the issuer of the instrument. The Acquiring Fund treats all of such <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities as MYN Municipal Bonds. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The yields on MYN Municipal Bonds are dependent on a variety of factors, including prevailing interest rates and the condition of the general
money market and the municipal security market, the size of a particular offering, the maturity of the obligation and the rating of the issue. The market value of MYN Municipal Bonds will vary with changes in interest rate levels and as a result of
changing evaluations of the ability of bond issuers to meet interest and principal payments. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund has not established any
limit on the percentage of its portfolio that may be invested in PABs. The Fund may not be a suitable investment for investors who are already subject to the federal alternative minimum tax or who would become subject to the federal alternative
minimum tax as a result of an investment in the Acquiring Fund&#146;s common shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">61 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>General Obligation Bonds. </I>General obligation bonds are typically secured by the
issuer&#146;s pledge of its faith, credit and taxing power for the repayment of principal and the payment of interest. The taxing power of any governmental entity may be limited, however, by provisions of its state constitution or laws, and an
entity&#146;s creditworthiness will depend on many factors, including potential erosion of its tax base due to population declines, natural disasters, declines in the state&#146;s industrial base or inability to attract new industries, economic
limits on the ability to tax without eroding the tax base, state legislative proposals or voter initiatives to limit ad valorem real property taxes and the extent to which the entity relies on federal or state aid, access to capital markets or other
factors beyond the state&#146;s or entity&#146;s control. Accordingly, the capacity of the issuer of a general obligation bond as to the timely payment of interest and the repayment of principal when due is affected by the issuer&#146;s maintenance
of its tax base. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Revenue Bonds. </I>Revenue or special obligation bonds are typically payable only from the revenues derived from a
particular facility or class of facilities or, in some cases, from the proceeds of a special excise tax or other specific revenue sources such as payments from the user of the facility being financed. Accordingly, the timely payment of interest and
the repayment of principal in accordance with the terms of the revenue or special obligation bond is a function of the economic viability of such facility or such revenue source. Revenue bonds issued by state or local agencies to finance the
development of <FONT STYLE="white-space:nowrap">low-income,</FONT> multi-family housing involve special risks in addition to those associated with MYN Municipal Bonds generally, including that the underlying properties may not generate sufficient
income to pay expenses and interest costs. Such bonds are generally <FONT STYLE="white-space:nowrap">non-recourse</FONT> against the property owner, may be junior to the rights of others with an interest in the properties, may pay interest that
changes based in part on the financial performance of the property, may be prepayable without penalty and may be used to finance the construction of housing developments which, until completed and rented, do not generate income to pay interest.
Increases in interest rates payable on senior obligations may make it more difficult for issuers to meet payment obligations on subordinated bonds. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Notes</I>. Municipal notes are shorter term municipal debt obligations. They may provide interim financing in anticipation of tax
collection, bond sales or revenue receipts. If there is a shortfall in the anticipated proceeds, repayment on the note may be delayed or the note may not be fully repaid, and the Acquiring Fund may lose money. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Commercial Paper</I>. Municipal commercial paper is generally unsecured and issued to meet short-term financing needs. The lack
of security presents some risk of loss to the Acquiring Fund since, in the event of an issuer&#146;s bankruptcy, unsecured creditors are repaid only after the secured creditors out of the assets, if any, that remain. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>PABs</I>. The Acquiring Fund may purchase MYN Municipal Bonds classified as PABs. Interest received on certain PABs is treated as an item
of &#147;tax preference&#148; for purposes of the federal alternative minimum tax and may impact the overall tax liability of certain investors in the Acquiring Fund. PABs, formerly referred to as industrial development bonds, are issued by, or on
behalf of, states, municipalities or public authorities to obtain funds to provide privately operated housing facilities, airport, mass transit or port facilities, sewage disposal, solid waste disposal or hazardous waste treatment or disposal
facilities and certain local facilities for water supply, gas or electricity. Other types of PABs, the proceeds of which are used for the construction, equipment, repair or improvement of privately operated industrial or commercial facilities, may
constitute MYN Municipal Bonds, although the federal tax laws may place substantial limitations on the size of such issues. Such bonds are secured primarily by revenues derived from loan repayments or lease payments due from the entity which may or
may not be guaranteed by a parent company or otherwise secured. PABs generally are not secured by a pledge of the taxing power of the issuer of such bonds. Therefore, an investor should be aware that repayment of such bonds generally depends on the
revenues of a private entity and be aware of the risks that such an investment may entail. The continued ability of an entity to generate sufficient revenues for the payment of principal and interest on such bonds will be affected by many factors
including the size of the entity, capital structure, demand for its products or services, competition, general economic conditions, government regulation and the entity&#146;s dependence on revenues for the operation of the particular facility being
financed. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Moral Obligation Bonds. </I>MYN Municipal Bonds may also include &#147;moral obligation&#148; bonds, which are normally
issued by special purpose public authorities. If an issuer of moral obligation bonds is unable to meet its obligations, the repayment of such bonds becomes a moral commitment but not a legal obligation of the state or municipality in question. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">62 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Lease Obligations. </I>Also included within the general category of MYN
Municipal Bonds are certificates of participation (&#147;COPs&#148;) issued by government authorities or entities to finance the acquisition or construction of equipment, land and/or facilities. COPs represent participations in a lease, an
installment purchase contract or a conditional sales contract (hereinafter collectively called &#147;lease obligations&#148;) relating to such equipment, land or facilities. Municipal leases, like other municipal debt obligations, are subject to the
risk of <FONT STYLE="white-space:nowrap">non-payment.</FONT> Although lease obligations do not constitute general obligations of the issuer for which the issuer&#146;s unlimited taxing power is pledged, a lease obligation is frequently backed by the
issuer&#146;s covenant to budget for, appropriate and make the payments due under the lease obligation. However, certain lease obligations contain <FONT STYLE="white-space:nowrap">&#147;non-appropriation&#148;</FONT> clauses which provide that the
issuer has no obligation to make lease or installment purchase payments in future years unless money is appropriated for such purpose on a yearly basis. Although <FONT STYLE="white-space:nowrap">&#147;non-appropriation&#148;</FONT> lease obligations
are secured by the leased property, disposition of the property in the event of foreclosure might prove difficult and the value of the property may be insufficient to pay lease obligations. Certain investments in lease obligations may be illiquid.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The ability of issuers of municipal leases to make timely lease payments may be adversely impacted in general economic downturns and as
relative governmental cost burdens are allocated and reallocated among federal, state and local governmental units. Such <FONT STYLE="white-space:nowrap">non-payment</FONT> would result in a reduction of income to the Acquiring Fund, and could
result in a reduction in the value of the municipal lease experiencing <FONT STYLE="white-space:nowrap">non-payment</FONT> and a potential decrease in the NAV of the Acquiring Fund. Issuers of municipal lease obligations might seek protection under
the bankruptcy laws. In the event of bankruptcy of such an issuer, the Acquiring Fund could experience delays and limitations with respect to the collection of principal and interest on such municipal leases and the Acquiring Fund may not, in all
circumstances, be able to collect all principal and interest to which it is entitled. To enforce its rights in the event of a default in lease payments, the Acquiring Fund might take possession of and manage the assets securing the issuer&#146;s
obligations on such securities, which may increase the Acquiring Fund&#146;s operating expenses and adversely affect the NAV of the Acquiring Fund. When the lease contains a <FONT STYLE="white-space:nowrap">non-appropriation</FONT> clause, however,
the failure to pay would not be a default and the Acquiring Fund would not have the right to take possession of the assets. Any income derived from the Acquiring Fund&#146;s ownership or operation of such assets may not be <FONT
STYLE="white-space:nowrap">tax-exempt</FONT> or may fail to generate qualifying income for purposes of the income tests applicable to RICs. In addition, the Acquiring Fund&#146;s intention to qualify as a RIC under the Code may limit the extent to
which the Acquiring Fund may exercise its rights by taking possession of such assets, because as a RIC the Acquiring Fund is subject to certain limitations on its investments and on the nature of its income. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Zero-Coupon Bonds</I>. MYN Municipal Bonds may include <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. Zero-coupon bonds are
securities that are sold at a discount to par value and do not pay interest during the life of the security. The discount approximates the total amount of interest the security will accrue and compound over the period until maturity at a rate of
interest reflecting the market rate of the security at the time of issuance. Upon maturity, the holder of a <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bond is entitled to receive the par value of the security. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While interest payments are not made on such securities, holders of such securities are deemed to have received income (&#147;phantom
income&#148;) annually, notwithstanding that cash may not be received currently. The effect of owning instruments that do not make current interest payments is that a fixed yield is earned not only on the original investment but also, in effect, on
all discount accretion during the life of the obligations. This implicit reinvestment of earnings at a fixed rate eliminates the risk of being unable to invest distributions at a rate as high as the implicit yield on the <FONT
STYLE="white-space:nowrap">zero-coupon</FONT> bond, but at the same time eliminates the holder&#146;s ability to reinvest at higher rates in the future. For this reason, some of these securities may be subject to substantially greater price
fluctuations during periods of changing market interest rates than are comparable securities that pay interest currently. Longer term <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds are more exposed to interest rate risk than shorter term <FONT
STYLE="white-space:nowrap">zero-coupon</FONT> bonds. These investments benefit the issuer by mitigating its need for cash to meet debt service, but also require a higher rate of return to attract investors who are willing to defer receipt of cash.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund accrues income with respect to these securities for U.S. federal income tax and accounting purposes prior to the
receipt of cash payments. Zero-coupon bonds may be subject to greater fluctuation in value and less liquidity in the event of adverse market conditions than comparably rated securities that pay cash interest at regular intervals. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Further, to maintain its qualification for pass-through treatment under the federal tax laws, the Acquiring Fund is required to distribute
income to its stockholders and, consequently, may have to dispose of other, more liquid portfolio </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">63 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
securities under disadvantageous circumstances or may have to leverage itself by borrowing in order to generate the cash to satisfy these distributions. The required distributions may result in
an increase in the Acquiring Fund&#146;s exposure to <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition to the
above-described risks, there are certain other risks related to investing in <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. During a period of severe market conditions, the market for such securities may become even less liquid. In
addition, as these securities do not pay cash interest, the Acquiring Fund&#146;s investment exposure to these securities and their risks, including credit risk, will increase during the time these securities are held in the Acquiring Fund&#146;s
portfolio. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><FONT STYLE="white-space:nowrap">Pre-Refunded</FONT> Municipal Securities</I>. The principal of, and interest on, <FONT
STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities are no longer paid from the original revenue source for the securities. Instead, the source of such payments is typically an escrow fund consisting of U.S. Government securities.
The assets in the escrow fund are derived from the proceeds of refunding bonds issued by the same issuer as the <FONT STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities. Issuers of municipal securities use this advance refunding
technique to obtain more favorable terms with respect to securities that are not yet subject to call or redemption by the issuer. For example, advance refunding enables an issuer to refinance debt at lower market interest rates, restructure debt to
improve cash flow or eliminate restrictive covenants in the indenture or other governing instrument for the <FONT STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">However, except for a change in the revenue source from which principal and interest payments are made, the pre-refunded municipal securities
remain outstanding on their original terms until they mature or are redeemed by the issuer. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Special Taxing Districts</I>. Special
taxing districts are organized to plan and finance infrastructure developments to induce residential, commercial and industrial growth and redevelopment. The bond financing methods such as tax increment finance, tax assessment, special services
district and Mello-Roos bonds (a type of municipal security established by the Mello-Roos Community Facilities Act of 1982), are generally payable solely from taxes or other revenues attributable to the specific projects financed by the bonds
without recourse to the credit or taxing power of related or overlapping municipalities. They often are exposed to real estate development-related risks and can have more taxpayer concentration risk than general
<FONT STYLE="white-space:nowrap">tax-supported</FONT> bonds, such as general obligation bonds. Further, the fees, special taxes, or tax allocations and other revenues that are established to secure such financings are generally limited as to the
rate or amount that may be levied or assessed and are not subject to increase pursuant to rate covenants or municipal or corporate guarantees. The bonds could default if development failed to progress as anticipated or if larger taxpayers failed to
pay the assessments, fees and taxes as provided in the financing plans of the districts. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Indexed and Inverse Floating Rate Securities.
</I>The Acquiring Fund may invest in MYN Municipal Bonds (and <FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities) that yield a return based on a particular index of value or interest
rates. For example, the Acquiring Fund may invest in MYN Municipal Bonds that pay interest based on an index of Municipal Bond interest rates. The principal amount payable upon maturity of certain MYN Municipal Bonds also may be based on the value
of the index. To the extent the Acquiring Fund invests in these types of MYN Municipal Bonds, the Acquiring Fund&#146;s return on such MYN Municipal Bonds will be subject to risk with respect to the value of the particular index. Interest and
principal payable on the MYN Municipal Bonds may also be based on relative changes among particular indices. Also, the Acquiring Fund may invest in <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;inverse floating rate bonds&#148; or
&#147;residual interest bonds&#148; on which the interest rates vary inversely with a short-term floating rate (which may be reset periodically by a Dutch auction, a remarketing agent, or by reference to a short-term
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest rate index). The Acquiring Fund may purchase synthetically created inverse floating rate bonds evidenced by custodial or trust receipts. Generally, income on inverse floating rate bonds
will decrease when short-term interest rates increase, and will increase when short-term interest rates decrease. Such securities have the effect of providing a degree of investment leverage, since they may increase or decrease in value in response
to changes, as an illustration, in market interest rates at a rate which is a multiple (typically two) of the rate at which fixed rate long-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities increase or decrease in response to such
changes. As a result, the market values of such securities will generally be more volatile than the market values of fixed rate <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities. To seek to limit the volatility of these securities, the
Acquiring Fund may purchase inverse floating rate bonds with shorter-term maturities or limitations on the extent to which the interest rate may vary. Certain investments in such obligations may be illiquid. See &#147;The Acquiring Fund&#146;s
Investments&#151;Investment Objective and Policies&#151;Leverage&#151;Tender Option Bond Transactions.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">64 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>When-Issued Securities, Delayed Delivery Securities and Forward Commitments. </I>The
Acquiring Fund may purchase or sell securities that it is entitled to receive on a when-issued basis. The Acquiring Fund may also purchase or sell securities on a delayed delivery basis. The Acquiring Fund may also purchase or sell securities
through a forward commitment. These transactions involve the purchase or sale of securities by the Acquiring Fund at an established price with payment and delivery taking place in the future. The purchase will be recorded on the date the Acquiring
Fund enters into the commitment and the value of the securities will thereafter be reflected in the Acquiring Fund&#146;s NAV. The Acquiring Fund has not established any limit on the percentage of its assets that may be committed in connection with
these transactions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There can be no assurance that a security purchased on a when-issued basis will be issued or that a security
purchased or sold through a forward commitment will be delivered. A default by a counterparty may result in the Acquiring Fund missing the opportunity of obtaining a price considered to be advantageous. The value of securities in these transactions
on the delivery date may be more or less than the Acquiring Fund&#146;s purchase price. The Acquiring Fund may bear the risk of a decline in the value of the security in these transactions and may not benefit from an appreciation in the value of the
security during the commitment period. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If deemed advisable as a matter of investment strategy, the Acquiring Fund may dispose of or
renegotiate a commitment after it has been entered into, and may sell securities it has committed to purchase before those securities are delivered to the Acquiring Fund on the settlement date. In these cases, the Acquiring Fund may realize a
taxable capital gain or loss. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When the Acquiring Fund engages in when-issued, delayed delivery or forward commitment transactions, it
relies on the other party to consummate the trade. Failure of such party to do so may result in the Acquiring Fund&#146;s incurring a loss or missing an opportunity to obtain a price considered to be advantageous. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The market value of the securities underlying a commitment to purchase securities, and any subsequent fluctuations in their market value, is
taken into account when determining the market value of the Acquiring Fund starting on the day the Acquiring Fund agrees to purchase the securities. The Acquiring Fund does not earn interest on the securities it has committed to purchase until they
are paid for and delivered on the settlement date. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act permits the
Acquiring Fund to enter into when-issued or forward-settling securities (<I>e.g.</I>, firm and standby commitments, including <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">to-be-announced</FONT></FONT> (&#147;TBA&#148;)
commitments, and dollar rolls) and <FONT STYLE="white-space:nowrap">non-standard</FONT> settlement cycle securities notwithstanding the limitation on the issuance of senior securities in Section&nbsp;18 of the 1940 Act, provided that the Acquiring
Fund intends to physically settle the transaction and the transaction will settle within 35 days of its trade date (the &#147;Delayed-Settlement Securities Provision&#148;). If a when-issued, forward-settling or
<FONT STYLE="white-space:nowrap">non-standard</FONT> settlement cycle security does not satisfy the Delayed-Settlement Securities Provision, then it is treated as a derivatives transaction under Rule <FONT STYLE="white-space:nowrap">18f-4.</FONT>
See &#147;Additional Risk Factors and Special Considerations&#151;Risk Factors in Strategic Transactions and Derivatives&#151;Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> Under the Investment Company Act&#148; in the Statement of Additional
Information. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Call Rights</I>. The Acquiring Fund may purchase a Municipal Bond issuer&#146;s right to call all or a portion of such
Municipal Bond for mandatory tender for purchase (a &#147;Call Right&#148;). A holder of a Call Right may exercise such right to require a mandatory tender for the purchase of related MYN Municipal Bonds, subject to certain conditions. A Call Right
that is not exercised prior to maturity of the related Municipal Bond will expire without value. The economic effect of holding both the Call Right and the related Municipal Bond is identical to holding a Municipal Bond <FONT
STYLE="white-space:nowrap">as&nbsp;a&nbsp;non-callable&nbsp;security.&nbsp;Certain</FONT> investments in such obligations may be illiquid. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Yields. </I>Yields on MYN Municipal Bonds are dependent on a variety of factors, including the general condition of the money market and of
the Municipal Bond market, the size of a particular offering, the financial condition of the issuer, the maturity of the obligation and the rating of the issue. The ability of the Acquiring Fund to achieve its investment objective is also dependent
on the continuing ability of the issuers of the securities in which the Acquiring Fund invests to meet their obligations for the payment of interest and principal when due. There are variations in the risks involved in holding MYN Municipal Bonds,
both within a particular classification and between classifications, depending on numerous factors. Furthermore, the rights of owners of MYN Municipal Bonds and the obligations of the issuer of such MYN Municipal Bonds may be subject to applicable
bankruptcy, insolvency and similar laws and court decisions </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">65 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
affecting the rights of creditors generally and to general equitable principles, which may limit the enforcement of certain remedies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>&#147;High Yield&#148; or &#147;Junk&#148; Bonds</I>. The Acquiring Fund may invest in MYN Municipal Bonds that are rated, at the time of
investment, below investment grade quality (rated Ba/BB or below by Moody&#146;s, S&amp;P or Fitch) or securities that are unrated but judged to be of comparable quality by the Investment Advisor. Such securities, sometimes referred to as &#147;high
yield&#148; or &#147;junk&#148; bonds, are predominantly speculative with respect to the capacity to pay interest and repay principal in accordance with the terms of the security, generally involve a greater volatility of price than securities in
higher rating categories and substantial risk of loss, and are susceptible to default or decline in market value due to adverse economic and business developments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Leverage </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund currently
leverages its assets through the use of VRDP Shares and residual interest municipal TOBs. The Acquiring Fund currently does not intend to borrow money or issue debt securities. The Acquiring Fund is permitted to borrow money (including by investing
in TOB Residuals) or issue debt securities in an amount up to 33<SUP STYLE="vertical-align:top">1</SUP>&#8260;<SUB STYLE="vertical-align:bottom">3</SUB>% of its managed assets (50% of its net assets), issue preferred shares in an amount up to 50% of
its managed assets (100% of its net assets) and enter into derivative instruments with leverage embedded in them in a limited manner or subject to a limit on leverage risk calculated based on <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">value-at-risk,</FONT></FONT> as required by Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act. Although it has no present intention to do so, the Acquiring Fund reserves the right to borrow money from
banks or other financial institutions, or issue debt securities, in the future if it believes that market conditions would be conducive to the successful implementation of a leveraging strategy through borrowing money or issuing debt securities. Any
such leveraging will not be fully achieved until the proceeds resulting from the use of leverage have been invested in accordance with the Acquiring Fund&#146;s investment objective and policies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The use of leverage can create risks. When leverage is employed, the NAV and market price of the common shares and the yield to holders of
common shares will be more volatile than if leverage were not used. Changes in the value of the Acquiring Fund&#146;s portfolio, including securities bought with the proceeds of leverage, will be borne entirely by the holders of common shares. If
there is a net decrease or increase in the value of the Acquiring Fund&#146;s investment portfolio, leverage will decrease or increase, as the case may be, the NAV per common share to a greater extent than if the Acquiring Fund did not utilize
leverage. A reduction in the Acquiring Fund&#146;s NAV may cause a reduction in the market price of its shares. During periods in which the Acquiring Fund is using leverage, the fee paid to the Investment Advisor for advisory services will be higher
than if the Acquiring Fund did not use leverage, because the fees paid will be calculated on the basis of the Acquiring Fund&#146;s net assets, which includes the proceeds from leverage. The Acquiring Fund&#146;s leveraging strategy may not be
successful. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain types of leverage the Acquiring Fund may use may result in the Acquiring Fund being subject to covenants relating to
asset coverage and portfolio composition requirements. The Acquiring Fund may be subject to certain restrictions on investments imposed by one or more lenders or by guidelines of one or more rating agencies, which may issue ratings for any
short-term debt securities or preferred shares issued by the Acquiring Fund. The terms of any borrowings or rating agency guidelines may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the
1940 Act. The Investment Advisor does not believe that these covenants or guidelines will impede it from managing the Acquiring Fund&#146;s portfolio in accordance with its investment objective and policies if the Acquiring Fund were to utilize
leverage. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under the 1940 Act, the Acquiring Fund is not permitted to issue senior securities if, immediately after the issuance of such
senior securities, the Acquiring Fund would have an asset coverage ratio (as defined in the 1940 Act) of less than 300% with respect to senior securities representing indebtedness (<I>i.e.</I>, for every dollar of indebtedness outstanding, the
Acquiring Fund is required to have at least three dollars of assets) or less than 200% with respect to senior securities representing preferred shares (<I>i.e.</I>, for every dollar of preferred shares outstanding, the Acquiring Fund is required to
have at least two dollars of assets). The 1940 Act also provides that the Acquiring Fund may not declare distributions or purchase its stock (including through tender offers) if, immediately after doing so, it will have an asset coverage ratio of
less than 300% or 200%, as applicable. Under the 1940 Act, certain short-term borrowings (such as for cash management purposes) are not subject to these limitations if (i)&nbsp;repaid within 60 days, (ii)&nbsp;not extended or renewed and
(iii)&nbsp;not in excess of 5% of the total assets of the Acquiring Fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">66 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Effects of Leverage </U></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Assuming that leverage will represent approximately 38.5% of the Combined Fund&#146;s Managed Assets and that the Combined Fund will bear
expenses relating to that leverage at an average annual rate of 3.99%, the income generated by the Combined Fund&#146;s portfolio (net of estimated expenses) must exceed 1.54% in order to cover the expenses specifically related to the Combined
Fund&#146;s estimated use of leverage. Of course, these numbers are merely estimates used for illustration. Actual leverage expenses will vary frequently and may be significantly higher or lower than the rate estimated above. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following table is furnished in response to requirements of the SEC. It is designed to illustrate the effect of leverage on common share
total return, assuming investment portfolio total returns (comprised of income and changes in the value of securities held in the Combined Fund&#146;s portfolio) of (10)%, (5)%, 0%, 5% and 10%. These assumed investment portfolio returns are
hypothetical figures and are not necessarily indicative of the investment portfolio returns experienced or expected to be experienced by the Combined Fund. The table further reflects the use of leverage representing 38.5% of the Combined Fund&#146;s
Managed Assets and the Combined Fund&#146;s currently projected annual leverage expense of 3.99%. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="78%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Assumed Portfolio Total Return (Net of Expenses)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(10.00</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(5.00</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common Share Total Return</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(18.80</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(10.6</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(2.50</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5.60</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">13.80</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Common share total return is composed of two elements: the common share dividends paid by the Combined Fund
(the amount of which is largely determined by the net investment income of the Combined Fund) and gains or losses on the value of the securities the Combined Fund owns. As required by SEC rules, the table assumes that the Combined Fund is more
likely to suffer capital losses than to enjoy capital appreciation. For example, a total return of 0% assumes that the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest the Combined Fund receives on its municipal bond investments is
entirely offset by losses in the value of those securities. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Preferred Shares. </I>The Acquiring Fund has leveraged its portfolio by
issuing VRDP Shares. Under the 1940 Act, the Acquiring Fund is not permitted to issue preferred shares if, immediately after such issuance, the liquidation value of the Acquiring Fund&#146;s outstanding preferred shares exceeds 50% of its assets
(including the proceeds from the issuance) less liabilities other than borrowings (<I>i.e.</I>, the value of the Acquiring Fund&#146;s assets must be at least 200% of the liquidation value of its outstanding preferred shares). In addition, the
Acquiring Fund would not be permitted to declare any cash dividend or other distribution on its common shares unless, at the time of such declaration, the value of the Acquiring Fund&#146;s assets less liabilities other than borrowings is at least
200% of such liquidation value. Please see &#147;Information About the Preferred Shares of the Funds&#148; for a description of the Acquiring Fund&#146;s VRDP Shares. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund expects that preferred shares, if issued, will pay adjustable rate dividends based on shorter-term interest rates, which
would be redetermined periodically by a fixed spread or remarketing process, subject to a maximum rate which would increase over time in the event of an extended period of unsuccessful remarketing. The adjustment period for preferred share dividends
could be as short as one day or as long as a year or more. Preferred shares, if issued, could include a liquidity feature that allows holders of preferred shares to have their shares purchased by a liquidity provider in the event that sell orders
have not been matched with purchase orders and successfully settled in a remarketing. The Acquiring Fund expects that it would pay a fee to the provider of this liquidity feature, which would be borne by common shareholders of the Acquiring Fund.
The terms of such liquidity feature could require the Acquiring Fund to redeem preferred shares still owned by the liquidity provider following a certain period of continuous, unsuccessful remarketing, which may adversely impact the Acquiring Fund.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If preferred shares are issued, the Acquiring Fund may, to the extent possible, purchase or redeem preferred shares from time to time to
the extent necessary in order to maintain asset coverage of any preferred shares of at least 200%. In addition, as a condition to obtaining ratings on the preferred shares, the terms of any preferred shares issued are expected to include asset
coverage maintenance provisions which will require the redemption of the preferred shares in the event of <FONT STYLE="white-space:nowrap">non-compliance</FONT> by the Acquiring Fund and may also prohibit dividends and other distributions on the
common shares in such circumstances. In order to meet redemption requirements, the Acquiring Fund may have to liquidate portfolio securities. Such liquidations and redemptions would cause the Fund to incur related transaction costs and could result
in capital losses to the Acquiring Fund. Prohibitions on dividends and other distributions on the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">67 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
common shares could impair the Acquiring Fund&#146;s ability to qualify as a RIC under the Code. If the Acquiring Fund has preferred shares outstanding, two of the Directors will be elected by
the holders of preferred shares voting separately as a class. The remaining Directors will be elected by holders of common shares and preferred shares voting together as a single class. In the event the Acquiring Fund failed to pay dividends on
preferred shares for two years, holders of preferred shares would be entitled to elect a majority of the Directors. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Acquiring Fund
issues preferred shares, the Acquiring Fund expects that it will be subject to certain restrictions imposed by guidelines of one or more rating agencies that may issue ratings for preferred shares issued by the Acquiring Fund. These guidelines are
expected to impose asset coverage or portfolio composition requirements that are more stringent than those imposed on the Acquiring Fund by the 1940 Act. It is not anticipated that these covenants or guidelines would impede the Investment Advisor
from managing the Acquiring Fund&#146;s portfolio in accordance with the Acquiring Fund&#146;s investment objective and policies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Tender Option Bond Transactions</I>. The Acquiring Fund currently leverages its assets through the use of TOB Residuals, which are
derivative interests in municipal bonds. The TOB Residuals in which the Acquiring Fund will invest pay interest or income that, in the opinion of counsel to the issuer of such TOB Residuals, is exempt from regular U.S. federal income tax. No
independent investigation will be made to confirm the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> status of the interest or income paid by TOB Residuals held by the Acquiring Fund. Although volatile, TOB Residuals typically offer the
potential for yields exceeding the yields available on fixed rate municipal bonds with comparable credit quality. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">TOB Residuals represent
beneficial interests in a TOB Trust formed for the purpose of holding municipal bonds contributed by one or more funds. A TOB Trust typically issues two classes of beneficial interests: TOB Floaters (defined above), which are sold to third-party
investors, and TOB Residuals, which are generally issued to the fund(s) that transferred municipal bonds to the TOB Trust. The Acquiring Fund may invest in both TOB Floaters and TOB Residuals. TOB Floaters may have first priority on the cash flow
from the municipal bonds held by the TOB Trust and are enhanced with a liquidity support arrangement provided by a third-party bank or other financial institution (the &#147;TOB Liquidity Provider&#148;) which allows holders to tender their position
at par (plus accrued interest). The Acquiring Fund, as a holder of TOB Residuals, is paid the residual cash flow from the TOB Trust after payment of TOB Trust expenses and interest on the TOB Floaters. The Acquiring Fund contributes municipal bonds
to the TOB Trust and is paid the cash received by the TOB Trust from the sale of the TOB Floaters, less certain transaction costs, and typically will invest the cash to purchase additional municipal bonds or other investments permitted by its
investment policies. If the Acquiring Fund ever purchases all or a portion of the TOB Floaters sold by the TOB Trust, it may surrender those TOB Floaters together with a proportionate amount of TOB Residuals to the TOB Trust in exchange for a
proportionate amount of the municipal bonds owned by the TOB Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Other registered investment companies advised by the Investment
Advisor or its affiliates (&#147;BlackRock-Advised Funds&#148;) may contribute municipal bonds to a TOB Trust into which the Acquiring Fund has contributed municipal bonds. If multiple BlackRock-Advised Funds participate in the same TOB Trust, the
economic rights and obligations under the TOB Residual will generally be shared among the funds ratably in proportion to their participation in the TOB Trust. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The municipal bonds transferred to a TOB Trust typically are high grade municipal bonds. In certain cases, when municipal bonds transferred
are lower grade municipal bonds, the TOB Trust transaction includes a credit enhancement feature that provides for the timely payment of principal and interest on the bonds to the TOB Trust by a credit enhancement provider. The TOB Trust would be
responsible for the payment of the credit enhancement fee and the Acquiring Fund, as a TOB Residual holder, would be responsible for reimbursement of any payments of principal and interest made by the credit enhancement provider. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The TOB Residuals held by the Acquiring Fund generally provide the Acquiring Fund with the right to cause the holders of a proportional share
of the TOB Floaters to tender their notes to the TOB Trust at par plus accrued interest. Thereafter, the Acquiring Fund may withdraw a corresponding share of the municipal bonds from the TOB Trust. As a result, a tender option bond transaction, in
effect, creates exposure for the Acquiring Fund to the entire return of the municipal bonds in the TOB Trust, with a net cash investment by the Acquiring Fund that is less than the value of the municipal bonds in the TOB Trust. This multiplies the
positive or negative impact of the municipal bonds&#146; return </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">68 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
within the Acquiring Fund (thereby creating leverage). The leverage within a TOB Trust depends on the value of the municipal bonds deposited in the TOB Trust relative to the value of the TOB
Floaters it issues. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may invest in highly leveraged TOB Residuals. A TOB Residual generally is considered highly
leveraged if the principal amount of the TOB Floaters issued by the related TOB Trust exceeds 75% of the principal amount of the municipal bonds owned by the TOB Trust. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The leverage attributable to the Acquiring Fund&#146;s use of TOB Residuals may be &#147;called away&#148; on relatively short notice and
therefore may be less permanent than more traditional forms of leverage. The TOB Trust may be collapsed without the consent of the Acquiring Fund upon the occurrence of termination events, as defined in the TOB Trust agreements, including if TOB
Floaters that are tendered to the TOBs Liquidity Provider cannot be remarketed. Attempts to remarket tendered securities often failed during volatile market conditions in the past. Upon the occurrence of a termination event, a TOB Trust would be
liquidated with the proceeds applied first to any accrued fees owed to the trustee of the TOB Trust, the remarketing agent of the TOB Floaters and the TOBs Liquidity Provider. Upon certain termination events, the holders of the TOB Floaters would be
paid before the TOB Residual holders (<I>i.e.</I>, the Acquiring Fund) whereas in other termination events, the TOB Floater and TOB Residual holders would be paid pro rata. If the proceeds upon liquidation of a TOB Trust, net of payment of fees, are
less than the aggregate amount the TOB Residual and TOB Floater holders invested in the TOB Trust, the Acquiring Fund as a TOB Residual holder will realize a loss on its investment, particularly if the TOB Floater holders are paid before the TOB
Residual holders. The risk of such a loss may be greater during volatile market conditions when it may be difficult to sell the bonds held by a TOB Trust. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">TOB Trusts are typically supported by a liquidity facility provided by a TOBs Liquidity Provider that allows the holders of the TOB Floaters
to tender their TOB Floaters in exchange for payment of par plus accrued interest on any business day (subject to the <FONT STYLE="white-space:nowrap">non-occurrence</FONT> of a termination event). The tendered TOB Floaters are remarketed by a
remarketing agent. In the event of a failed remarketing, the TOB Trust may draw upon a loan from the TOBs Liquidity Provider to purchase the tendered TOB Floaters. Any loans made by the TOBs Liquidity Provider will be secured by the purchased TOB
Floaters held by the TOB Trust and will be subject to an increased interest rate based on number of days the loan is outstanding. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
Acquiring Fund may invest in a TOB Trust on either a <FONT STYLE="white-space:nowrap">non-recourse</FONT> or recourse basis. When the Acquiring Fund invests in TOB Trusts on a <FONT STYLE="white-space:nowrap">non-recourse</FONT> basis, and the TOBs
Liquidity Provider is required to make a payment under the liquidity facility, the TOBs Liquidity Provider will typically liquidate all or a portion of the municipal bonds held in the TOB Trust and then fund the balance, if any, of the Liquidation
Shortfall. If the Acquiring Fund invests in a TOB Trust on a recourse basis, it will typically enter into a reimbursement agreement with the TOBs Liquidity Provider pursuant to which the Acquiring Fund is required to reimburse the TOBs Liquidity
Provider the amount of any Liquidation Shortfall. As a result, if the Acquiring Fund invests in a recourse TOB Trust, the Acquiring Fund will bear the risk of loss with respect to any Liquidation Shortfall. If multiple BlackRock-Advised Funds
participate in any such TOB Trust, these losses will be shared ratably, in proportion to their participation in the TOB Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under
accounting rules, MYN Municipal Bonds of the Acquiring Fund that are deposited into a TOB Trust are investments of the Acquiring Fund and are presented on the Acquiring Fund&#146;s Schedule of Investments and outstanding TOB Floaters issued by a TOB
Trust are presented as liabilities in the Acquiring Fund&#146;s Statement of Assets and Liabilities. Interest income from the underlying MYN Municipal Bonds is recorded by the Acquiring Fund on an accrual basis. Interest expense incurred on the TOB
Floaters and other expenses related to remarketing, administration, trustee and other services to a TOB Trust are reported as expenses of the Acquiring Fund. In addition, under accounting rules, loans made to a TOB Trust sponsored by the Acquiring
Fund may be presented as loans of the Acquiring Fund in the Acquiring Fund&#146;s financial statements even if there is no recourse to the Acquiring Fund&#146;s assets. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For TOB Floaters, generally, the interest rate earned will be based upon the market rates for municipal bonds with maturities or remarketing
provisions that are comparable in duration to the periodic interval of the tender option. Since the tender option feature has a shorter term than the final maturity or first call date of the underlying municipal bonds deposited in the TOB Trust, the
holder of the TOB Floaters relies upon the terms of the agreement with the financial institution furnishing the liquidity facility as well as the credit strength of that institution. The perceived reliability and creditworthiness, of many major
financial institutions, some of which sponsor and/or provide liquidity support to TOB </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">69 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Trusts increases the risk associated with TOB Floaters. This in turn may reduce the desirability of TOB Floaters as investments, which could impair the viability or availability of TOB Trusts.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act permits the Acquiring Fund to enter into TOB Trust transactions,
reverse repurchase agreements and similar financing transactions (<I>e.g.</I>, borrowed bonds) notwithstanding the limitation on the issuance of senior securities in Section&nbsp;18 of the 1940 Act, provided that the Acquiring Fund either
(i)&nbsp;complies with the 300% asset coverage ratio applicable to senior securities representing indebtedness with respect to such transactions and any other borrowings in the aggregate, or (ii)&nbsp;treats such transactions as derivatives
transactions under Rule <FONT STYLE="white-space:nowrap">18f-4.</FONT> See &#147;Additional Risk Factors and Special Considerations&#151;Risk Factors in Strategic Transactions and Derivatives&#151;Rule <FONT STYLE="white-space:nowrap">18f-4</FONT>
Under the Investment Company Act&#148; in the Statement of Additional Information. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Future regulatory requirements or SEC guidance may
necessitate more onerous contractual or regulatory requirements, which may increase the costs or reduce the degree of potential economic benefits of TOB Trust transactions or limit the Acquiring Fund&#146;s ability to enter into or manage TOB Trust
transactions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">See &#147;Risk Factors and Special Considerations&#151;General Risks of Investing in the Acquiring Fund&#151;Tender Option
Bond Risk&#148; for a description of the risks involved with a TOB issuer. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Credit Facility</I>. The Acquiring Fund may leverage its
portfolio by entering into one or more credit facilities. If the Acquiring Fund enters into a credit facility, the Acquiring Fund may be required to prepay outstanding amounts or incur a penalty rate of interest upon the occurrence of certain events
of default. The Acquiring Fund would also likely have to indemnify the lenders under the credit facility against liabilities they may incur in connection therewith. In addition, the Acquiring Fund expects that any credit facility would contain
covenants that, among other things, likely would limit the Acquiring Fund&#146;s ability to pay distributions in certain circumstances, incur additional debt, change certain of its investment policies and engage in certain transactions, including
mergers and consolidations, and require asset coverage ratios in addition to those required by the 1940 Act. The Acquiring Fund may be required to pledge its assets and to maintain a portion of its assets in cash or high-grade securities as a
reserve against interest or principal payments and expenses. The Acquiring Fund expects that any credit facility would have customary covenant, negative covenant and default provisions. There can be no assurance that the Acquiring Fund will enter
into an agreement for a credit facility, or one on terms and conditions representative of the foregoing, or that additional material terms will not apply. In addition, if entered into, a credit facility may in the future be replaced or refinanced by
one or more credit facilities having substantially different terms, by the issuance of preferred shares or debt securities or by the use of other forms of leverage. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Reverse Repurchase Agreements</I>. The Acquiring Fund may enter into reverse repurchase agreements with respect to its portfolio
investments subject to the investment restrictions set forth herein. Reverse repurchase agreements involve the sale of securities held by the Acquiring Fund with an agreement by the Acquiring Fund to repurchase the securities at an agreed upon
price, date and interest payment. Reverse repurchase agreements involve the risk that the market value of the securities acquired in connection with the reverse repurchase agreement may decline below the price of the securities the Acquiring Fund
has sold but is obligated to repurchase. Also, reverse repurchase agreements involve the risk that the market value of the securities retained in lieu of sale by the Acquiring Fund in connection with the reverse repurchase agreement may decline in
price. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In accordance with Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act, when the Acquiring Fund engages in
reverse repurchase agreements and similar financing transactions, the Acquiring Fund may either (i)&nbsp;maintain asset coverage of at least 300% with respect to such transactions and any other borrowings in the aggregate, or (ii)&nbsp;treat such
transactions as &#147;derivatives transactions&#148; and comply with Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> with respect to such transactions. See &#147;Additional Risk Factors and Special Considerations&#151;Risk Factors in Strategic
Transactions and Derivatives&#151;Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> Under the Investment Company Act&#148; in the Statement of Additional Information. See &#147;Risk Factors and Special Considerations&#151;General Risks of Investing
in the Acquiring Fund&#151;Strategic Transactions and Derivatives Risk.&#148; </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the buyer of securities under a reverse repurchase
agreement files for bankruptcy or becomes insolvent, such buyer or its trustee or receiver may receive an extension of time to determine whether to enforce the Acquiring Fund&#146;s obligation to repurchase the securities and the Acquiring
Fund&#146;s use of the proceeds of the reverse repurchase agreement may effectively be restricted pending such decision. Also, the Acquiring Fund would bear the risk of loss </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">70 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
to the extent that the proceeds of the reverse repurchase agreement are less than the value of the securities subject to such agreement. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund also may effect simultaneous purchase and sale transactions that are known as &#147;sale-buybacks.&#148; A sale-buyback is
similar to a reverse repurchase agreement, except that in a sale-buyback, the counterparty that purchases the security is entitled to receive any principal or interest payments made on the underlying security pending settlement of the Acquiring
Fund&#146;s repurchase of the underlying security. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Dollar Roll Transactions</I>. The Acquiring Fund may enter into &#147;dollar
roll&#148; transactions. In a dollar roll transaction, the Acquiring Fund sells a mortgage related or other security to a dealer and simultaneously agrees to repurchase a similar security (but not the same security) in the future at a <FONT
STYLE="white-space:nowrap">pre-determined</FONT> price. A dollar roll transaction can be viewed, like a reverse repurchase agreement, as a collateralized borrowing in which the Acquiring Fund pledges a mortgage related security to a dealer to obtain
cash. However, unlike reverse repurchase agreements, the dealer with which the Acquiring Fund enters into a dollar roll transaction is not obligated to return the same securities as those originally sold by the Acquiring Fund, but rather only
securities which are &#147;substantially identical,&#148; which generally means that the securities repurchased will bear the same interest rate and a similar maturity as those sold, but the pools of mortgages collateralizing those securities may
have different prepayment histories than those sold. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">During the period between the sale and repurchase, the Acquiring Fund will not be
entitled to receive interest and principal payments on the securities sold. Proceeds of the sale will be invested in additional instruments for the Acquiring Fund and the income from these investments will generate income for the Acquiring Fund. If
such income does not exceed the income, capital appreciation and gain that would have been realized on the securities sold as part of the dollar roll, the use of this technique will diminish the investment performance of the Acquiring Fund compared
with what the performance would have been without the use of dollar rolls. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Dollar roll transactions involve the risk that the market
value of the securities the Acquiring Fund is required to purchase may decline below the agreed upon repurchase price of those securities. The Acquiring Fund&#146;s right to purchase or repurchase securities may be restricted. Successful use of
mortgage dollar rolls may depend upon the investment manager&#146;s ability to correctly predict interest rates and prepayments. There is no assurance that dollar rolls can be successfully employed. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act permits the Acquiring Fund to enter into when-issued or forward-settling
securities (<I>e.g.</I>, dollar rolls and firm and standby commitments, including TBA commitments) and <FONT STYLE="white-space:nowrap">non-standard</FONT> settlement cycle securities notwithstanding the limitation on the issuance of senior
securities in Section&nbsp;18 of the 1940 Act, provided that the transaction meets the Delayed-Settlement Securities Provision (as defined above under &#147;The Acquiring Fund&#146;s Investments&#151;Investment Objective and
Policies&#151;When-Issued Securities, Delayed Delivery Securities and Forward Commitment&#148;). If a when-issued, forward-settling or <FONT STYLE="white-space:nowrap">non-standard</FONT> settlement cycle security does not satisfy the
Delayed-Settlement Securities Provision, then it is treated as a derivatives transaction under Rule <FONT STYLE="white-space:nowrap">18f-4.</FONT> See &#147;Additional Risk Factors and Special Considerations&#151;Risk Factors in Strategic
Transactions and Derivatives&#151;Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> Under the Investment Company Act&#148; in the Statement of Additional Information. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Derivatives</I>. The Acquiring Fund may enter into derivative transactions that have leverage embedded in them. Derivative transactions
that the Acquiring Fund may enter into and the risks associated with them are described elsewhere in this Joint Proxy Statement/Prospectus and are also referred to as &#147;Strategic Transactions.&#148; The Acquiring Fund cannot assure you that
investments in derivative transactions that have leverage embedded in them will result in a higher return on its common shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under
Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act, among other things, the Acquiring Fund must either use derivatives in a limited manner or comply with an outer limit on fund leverage risk based on
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">value-at-risk.</FONT></FONT> See &#147;Additional Risk Factors and Special Considerations&#151;Risk Factors in Strategic Transactions and Derivatives&#151;Rule <FONT
STYLE="white-space:nowrap">18f-4</FONT> Under the Investment Company Act&#148; in the Statement of Additional Information. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Temporary
Borrowings</I>. The Acquiring Fund may also borrow money as a temporary measure for extraordinary or emergency purposes, including the payment of dividends and the settlement of securities transactions which otherwise might require untimely
dispositions of Acquiring Fund securities. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">71 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Strategic Transactions </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may purchase and sell futures contracts, enter into various interest rate transactions and swap contracts (including, but
not limited to, credit default swaps) and may purchase and sell exchange-listed and OTC put and call options on securities and swap contracts, financial indices and futures contracts and use other derivative instruments or management techniques
(previously defined as, &#147;Strategic Transactions&#148;). These Strategic Transactions may be used for duration management and other risk management purposes, subject to the Acquiring Fund&#146;s investment restrictions. While the Acquiring
Fund&#146;s use of Strategic Transactions is intended to reduce the volatility of the NAV of the Acquiring Fund&#146;s common shares, the NAV of the Acquiring Fund&#146;s common shares will fluctuate. No assurance can be given that the Acquiring
Fund&#146;s Strategic Transactions will be effective. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There is no particular strategy that requires use of one technique rather than
another as the decision to use any particular strategy or instrument is a function of market conditions and the composition of the portfolio. The ability of the Acquiring Fund to use Strategic Transactions successfully will depend on the Investment
Advisor&#146;s ability to predict pertinent market movements as well as sufficient correlation among the instruments, which cannot be assured. Strategic Transactions subject the Acquiring Fund to the risk that, if the Investment Advisor incorrectly
forecasts market values, interest rates or other applicable factors, the Acquiring Fund&#146;s performance could suffer. Certain of these Strategic Transactions, such as investments in inverse floating rate securities and credit default swaps, may
provide investment leverage to the Acquiring Fund&#146;s portfolio. The Acquiring Fund is not required to use derivatives or other portfolio strategies to seek to hedge its portfolio and may choose not to do so. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The use of Strategic Transactions may result in losses greater than if they had not been used, may require the Acquiring Fund to sell or
purchase portfolio securities at inopportune times or for prices other than current market values, may limit the amount of appreciation the Acquiring Fund can realize on an investment or may cause the Acquiring Fund to hold a security that it might
otherwise sell. Furthermore, the Acquiring Fund may only engage in Strategic Transactions from time to time and may not necessarily be engaging in hedging activities when movements in interest rates occur. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Fund&#146;s investment objective and the requirements of Subchapter M of the Code for qualification as a RIC may restrict or affect the
ability of the Acquiring Fund to engage in Strategic Transactions. In addition, the use of certain Strategic Transactions may give rise to taxable income and have certain other consequences, such as subjecting a portion of the Acquiring Fund&#146;s
dividends to regular federal income tax. However, under normal circumstances, the Acquiring Fund does not intend to use Strategic Transactions that give rise to taxable income. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Put and Call Options on Securities and Indices</I>. The Acquiring Fund may purchase and sell put and call options on securities and
indices. A put option gives the purchaser of the option the right to sell and the writer the obligation to buy the underlying security at the exercise price during the option period. The Acquiring Fund may also purchase and sell options on bond
indices (&#147;index options&#148;). Index options are similar to options on securities except that, rather than taking or making delivery of securities underlying the option at a specified price upon exercise, an index option gives the holder the
right to receive cash upon exercise of the option if the level of the bond index upon which the option is based is greater, in the case of a call, or less, in the case of a put, than the exercise price of the option. The purchase of a put option on
a debt security could protect the Acquiring Fund&#146;s holdings in a security or a number of securities against a substantial decline in the market value. A call option gives the purchaser of the option the right to buy and the seller the
obligation to sell the underlying security or index at the exercise price during the option period or for a specified period prior to a fixed date. The purchase of a call option on a security could protect the Acquiring Fund against an increase in
the price of a security that it intended to purchase in the future. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Writing Covered Call Options</I>. The Acquiring Fund is authorized
to write (<I>i.e.</I>, sell) covered call options with respect to MYN Municipal Bonds it owns, thereby giving the holder of the option the right to buy the underlying security covered by the option from the Acquiring Fund at the stated exercise
price until the option expires. The Acquiring Fund writes only covered call options, which means that so long as the Acquiring Fund is obligated as the writer of a call option, it will own the underlying securities subject to the option. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund receives a premium from writing a call option, which increases the Acquiring Fund&#146;s return on the underlying security
in the event the option expires unexercised or is closed out at a profit. By writing a call, the Acquiring Fund limits its opportunity to profit from an increase in the market value of the underlying security above
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">72 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
the exercise price of the option for as long as the Acquiring Fund&#146;s obligation as a writer continues. Covered call options serve as a partial hedge against a decline in the price of the
underlying security. The Acquiring Fund may engage in closing transactions in order to terminate outstanding options that it has written. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Additional Information About Options</I>. The Acquiring Fund&#146;s ability to close out its position as a purchaser or seller of an
exchange-listed put or call option is dependent upon the existence of a liquid secondary market on option exchanges. Among the possible reasons for the absence of a liquid secondary market on an exchange are: (i)&nbsp;insufficient trading interest
in certain options; (ii)&nbsp;restrictions on transactions imposed by an exchange; (iii)&nbsp;trading halts, suspensions or other restrictions imposed with respect to particular classes or series of options or underlying securities;
(iv)&nbsp;interruption of the normal operations on an exchange; (v)&nbsp;inadequacy of the facilities of an exchange or OCC to handle current trading volume; or (vi)&nbsp;a decision by one or more exchanges to discontinue the trading of options (or
a particular class or series of options), in which event the secondary market on that exchange (or in that class or series of options) would cease to exist, although outstanding options on that exchange that had been listed by the OCC as a result of
trades on that exchange would generally continue to be exercisable in accordance with their terms. OTC options are purchased from or sold to dealers, financial institutions or other counterparties which have entered into direct agreements with the
Acquiring Fund. With OTC options, such variables as expiration date, exercise price and premium will be agreed upon between the Acquiring Fund and the counterparty, without the intermediation of a third party such as the OCC. If the counterparty
fails to make or take delivery of the securities underlying an option it has written, or otherwise settle the transaction in accordance with the terms of that option as written, the Acquiring Fund would lose the premium paid for the option as well
as any anticipated benefit of the transaction. OTC options and assets used to cover OTC options written by the Acquiring Fund are considered by the staff of the SEC to be illiquid. The illiquidity of such options or assets may prevent a successful
sale of such options or assets, result in a delay of sale, or reduce the amount of proceeds that might otherwise be realized. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
Acquiring Fund may engage in options and futures transactions on exchanges and options in the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> markets. The Acquiring Fund will only enter into OTC
options with counterparties the Investment Advisor believes to be creditworthy at the time they enter into such transactions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The hours
of trading for options on debt securities may not conform to the hours during which the underlying securities are traded. To the extent that the option markets close before the markets for the underlying securities, significant price and rate
movements can take place in the underlying markets that cannot be reflected in the option markets. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Financial Futures Transactions and
Options</I>. The Acquiring Fund is authorized to purchase and sell certain exchange traded financial futures contracts (&#147;financial futures contracts&#148;) in order to hedge its investments against declines in value, and to hedge against
increases in the cost of securities it intends to purchase or to seek to enhance the Acquiring Fund&#146;s return. However, any transactions involving financial futures or options (including puts and calls associated therewith) will be in accordance
with the Acquiring Fund&#146;s investment policies and limitations. A financial futures contract obligates the seller of a contract to deliver and the purchaser of a contract to take delivery of the type of financial instrument covered by the
contract, or in the case of index-based futures contracts to make and accept a cash settlement, at a specific future time for a specified price. To hedge its portfolio, the Acquiring Fund may take an investment position in a futures contract which
will move in the opposite direction from the portfolio position being hedged. A sale of financial futures contracts may provide a hedge against a decline in the value of portfolio securities because such depreciation may be offset, in whole or in
part, by an increase in the value of the position in the financial futures contracts. A purchase of financial futures contracts may provide a hedge against an increase in the cost of securities intended to be purchased because such appreciation may
be offset, in whole or in part, by an increase in the value of the position in the futures contracts. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Distributions, if any, of net
long-term capital gains from certain transactions in futures or options are taxable at long-term capital gains rates for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Futures Contracts</I>. A futures contract is an agreement between two parties to buy and sell a security or, in the case of an index-based
futures contract, to make and accept a cash settlement for a set price on a future date. A majority of transactions in futures contracts, however, do not result in the actual delivery of the underlying instrument or cash settlement, but are settled
through liquidation (<I>i.e.</I>, by entering into an offsetting transaction). Futures contracts have been designed by boards of trade which have been designated &#147;contracts markets&#148; by the CFTC. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">73 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The purchase or sale of a futures contract differs from the purchase or sale of a security
in that no price or premium is paid or received. Instead, an amount of cash or securities acceptable to the broker and the relevant contract market, which varies, but is generally about 5% of the contract amount, must be deposited with the broker.
This amount is known as &#147;initial margin&#148; and represents a &#147;good faith&#148; deposit assuring the performance of both the purchaser and seller under the futures contract. Subsequent payments to and from the broker, called
&#147;variation margin,&#148; are required to be made on a daily basis as the price of the futures contract fluctuates making the long and short positions in the futures contract more or less valuable, a process known as &#147;marking to the
market.&#148; At any time prior to the settlement date of the futures contract, the position may be closed out by taking an opposite position that will operate to terminate the position in the futures contract. A final determination of variation
margin is then made, additional cash is required to be paid to or released by the broker and the purchaser realizes a loss or gain. In addition, a nominal commission is paid on each completed sale transaction. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may also purchase and sell financial futures contracts on U.S. Government securities as a hedge against adverse changes in
interest rates as described below. With respect to U.S. Government securities, currently there are financial futures contracts based on long-term U.S. Treasury bonds, U.S. Treasury notes, Government National Mortgage Association (&#147;GNMA&#148;)
Certificates and three-month U.S. Treasury bills. The Acquiring Fund may purchase and write call and put options on futures contracts on U.S. Government securities and purchase and sell municipal security index futures contracts in connection with
its hedging strategies. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund also may engage in other futures contracts transactions such as futures contracts on other
municipal bond indices that may become available if the Investment Advisor should determine that there is normally a sufficient correlation between the prices of such futures contracts and MYN Municipal Bonds in which the Acquiring Fund invests to
make such hedging appropriate. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Futures Strategies</I>. The Acquiring Fund may sell a financial futures contract (<I>i.e.</I>, assume a
short position) in anticipation of a decline in the value of its investments resulting from an increase in interest rates or otherwise. The risk of decline could be reduced without employing futures as a hedge by selling investments and either
reinvesting the proceeds in securities with shorter maturities or by holding assets in cash. This strategy, however, entails increased transaction costs in the form of dealer spreads and typically would reduce the average yield of the Acquiring
Fund&#146;s portfolio securities as a result of the shortening of maturities. The sale of futures contracts provides an alternative means of hedging against declines in the value of its investments. As such values decline, the value of the Acquiring
Fund&#146;s positions in the futures contracts will tend to increase, thus offsetting all or a portion of the depreciation in the market value of the Acquiring Fund&#146;s investments that are being hedged. While the Acquiring Fund will incur
commission expenses in selling and closing out futures positions, commissions on futures transactions are typically lower than transaction costs incurred in the purchase and sale of the Acquiring Fund&#146;s investments being hedged. In addition,
the ability of the Acquiring Fund to trade in the standardized contracts available in the futures markets may offer a more effective defensive position than a program to reduce the average maturity of the portfolio securities due to the unique and
varied credit and technical characteristics of the instruments available to the Acquiring Fund. Employing futures as a hedge also may permit the Acquiring Fund to assume a defensive posture without reducing the yield on its investments beyond any
amounts required to engage in futures trading. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When the Acquiring Fund intends to purchase a security, the Acquiring Fund may purchase
futures contracts as a hedge against any increase in the cost of such security resulting from a decrease in interest rates or otherwise, that may occur before such purchase can be effected. Subject to the degree of correlation between such
securities and futures contracts, subsequent increases in the cost of such securities should be reflected in the value of the futures held by the Acquiring Fund. As such purchases are made, an equivalent amount of futures contracts will be closed
out. Due to changing market conditions and interest rate forecasts, however, a futures position may be terminated without a corresponding purchase of portfolio securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Call Options on Futures Contracts</I>. The Acquiring Fund may also purchase and sell exchange traded call and put options on financial
futures contracts. The purchase of a call option on a futures contract is analogous to the purchase of a call option on an individual security. Depending on the pricing of the option compared to either the futures contract upon which it is based or
the price of the underlying securities, it may or may not be less risky than ownership of the futures contract or underlying securities. Like the purchase of a futures contract, the Acquiring Fund may purchase a call option on a futures contract to
hedge against a market advance when the Acquiring Fund is not fully invested. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">74 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The writing of a call option on a futures contract constitutes a partial hedge against
declining prices of the securities which are deliverable upon exercise of the futures contract. If the futures price at expiration is below the exercise price, the Acquiring Fund will retain the full amount of the option premium, which provides a
partial hedge against any decline that may have occurred in the Acquiring Fund&#146;s portfolio holdings. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Put Options on Futures
Contracts</I>. The purchase of a put option on a futures contract is analogous to the purchase of a protective put option on portfolio securities. The Acquiring Fund may purchase a put option on a futures contract to hedge the Acquiring Fund&#146;s
portfolio against the risk of rising interest rates. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The writing of a put option on a futures contract constitutes a partial hedge
against increasing prices of the securities which are deliverable upon exercise of the futures contract. If the futures price at expiration is higher than the exercise price, the Acquiring Fund will retain the full amount of the option premium,
which provides a partial hedge against any increase in the price of securities which the Acquiring Fund intends to purchase. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The writer
of an option on a futures contract is required to deposit initial and variation margin pursuant to requirements similar to those applicable to futures contracts. Premiums received from the writing of an option will be included in initial margin. The
writing of an option on a futures contract involves risks similar to those relating to futures contracts. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The CFTC subjects advisers to
registered investment companies to regulation by the CFTC if a fund that is advised by the investment adviser either (i)&nbsp;invests, directly or indirectly, more than a prescribed level of its liquidation value in CFTC Derivatives, or
(ii)&nbsp;markets itself as providing investment exposure to such instruments. To the extent the Acquiring Fund uses CFTC Derivatives, it intends to do so below such prescribed levels and will not market itself as a &#147;commodity pool&#148; or a
vehicle for trading such instruments. Accordingly, the Investment Advisor has claimed an exclusion from the definition of the term &#147;commodity pool operator&#148; under the CEA pursuant to Rule 4.5 under the CEA. The Investment Advisor is not,
therefore, subject to registration or regulation as a &#147;commodity pool operator&#148; under the CEA in respect of the Acquiring Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Interest Rate Swap Transactions</I>. In order to seek to hedge the value of the Acquiring Fund against interest rate fluctuations, to hedge
against increases in the Acquiring Fund&#146;s costs associated with the dividend payments on any preferred shares, including the VRDP Shares, or to seek to increase the Acquiring Fund&#146;s return, the Acquiring Fund may enter into interest rate
swap transactions such as Municipal Market Data AAA Cash Curve swaps (&#147;MMD Swaps&#148;) or Securities Industry and Financial Markets Association Municipal Swap Index swaps (&#147;SIFMA Swaps&#148;). To the extent that the Acquiring Fund enters
into these transactions, the Acquiring Fund expects to do so primarily to preserve a return or spread on a particular investment or portion of its portfolio as a duration management technique or to protect against any increase in the price of
securities the Acquiring Fund anticipates purchasing at a later date. The Acquiring Fund may enter into these transactions primarily as a hedge or for duration or risk management rather than as a speculative investment. However, the Acquiring Fund
also may invest in MMD Swaps and SIFMA Swaps to seek to enhance return or gain or to increase the Acquiring Fund&#146;s yield, for example, during periods of steep interest rate yield curves (<I>i.e.</I>, wide differences between short-term and
long-term interest rates). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may purchase and sell SIFMA Swaps in the SIFMA swap market. In a SIFMA Swap, the Acquiring
Fund exchanges with another party their respective commitments to pay or receive interest (<I>e.g.</I>, an exchange of fixed rate payments for floating rate payments linked to the SIFMA Municipal Swap Index). Because the underlying index <FONT
STYLE="white-space:nowrap">is&nbsp;a&nbsp;tax-exempt&nbsp;index,&nbsp;SIFMA</FONT> Swaps may reduce cross-market risks incurred by the Acquiring Fund and increase the Acquiring Fund&#146;s ability to hedge effectively. SIFMA Swaps are typically
quoted for the entire yield curve, beginning with a <FONT STYLE="white-space:nowrap">seven-day</FONT> floating rate index out to 30 years. The duration of a SIFMA Swap is approximately equal to the duration of a fixed-rate Municipal Bond with the
same attributes as the swap (<I>e.g.</I>, coupon, maturity, call feature). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may also purchase and sell MMD Swaps, also
known as MMD rate locks. An MMD Swap permits the Acquiring Fund to lock in a specified municipal interest rate for a portion of its portfolio to preserve a return on a particular investment or a portion of its portfolio as a duration management
technique or to protect against any increase in the price of securities to be purchased at a later date. By using an MMD Swap, the Acquiring Fund can create a synthetic long or short position, allowing the Acquiring Fund to select the most
attractive part of the yield curve. An MMD Swap is a contract between the Acquiring Fund and an MMD Swap provider pursuant to which the parties agree to make payments to each other on a notional amount, contingent upon whether the Municipal Market
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">75 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Data AAA General Obligation Scale is above or below a specified level on the expiration date of the contract. For example, if the Acquiring Fund buys an MMD Swap and the Municipal Market Data AAA
General Obligation Scale is below the specified level on the expiration date, the counterparty to the contract will make a payment to the Acquiring Fund equal to the specified level minus the actual level, multiplied by the notional amount of the
contract. If the Municipal Market Data AAA General Obligation Scale is above the specified level on the expiration date, the Acquiring Fund will make a payment to the counterparty equal to the actual level minus the specified level, multiplied by
the notional amount of the contract. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with investments in SIFMA and MMD Swaps, there is a risk that municipal yields will
move in the opposite direction than anticipated by the Acquiring Fund, which would cause the Acquiring Fund to make payments to its counterparty in the transaction that could adversely affect the Acquiring Fund&#146;s performance. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If there is a default by the other party to an uncleared interest rate swap transaction, generally the Acquiring Fund will have contractual
remedies pursuant to the agreements related to the transaction. With respect to interest rate swap transactions cleared through a central clearing counterparty, a clearing organization will be substituted for the counterparty and will guarantee the
parties&#146; performance under the swap agreement. However, there can be no assurances that the clearing organization will satisfy its obligation to the Acquiring Fund or that the Acquiring Fund would be able to recover the full amount of assets
deposited on its behalf with the clearing organization in the event of the default by the clearing organization or the Acquiring Fund&#146;s clearing broker. Certain U.S. federal income tax requirements may limit the Acquiring Fund&#146;s ability to
engage in interest rate swaps. Distributions attributable to transactions in interest rate swaps generally will be taxable as ordinary income to stockholders. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Counterparty Credit Standards</I>. To the extent that the Acquiring Fund engages in principal transactions, including, but not limited to,
OTC options, forward currency transactions, swap transactions, repurchase and reverse repurchase agreements and the purchase and sale of bonds and other fixed-income securities, it must rely on the creditworthiness of its counterparties under such
transactions. In certain instances, the credit risk of a counterparty is increased by the lack of a central clearing house for certain transactions, including certain swap contracts. In the event of the insolvency of a counterparty, the Acquiring
Fund may not be able to recover its assets, in full or at all, during the insolvency process. Counterparties to investments may have no obligation to make markets in such investments and may have the ability to apply essentially discretionary margin
and credit requirements. Similarly, the Acquiring Fund will be subject to the risk of bankruptcy of, or the inability or refusal to perform with respect to such investments by, the counterparties with which it deals. The Investment Advisor will seek
to minimize the Acquiring Fund&#146;s exposure to counterparty risk by entering into such transactions with counterparties the Investment Advisor believes to be creditworthy at the time it enters into the transaction. Certain option transactions and
Strategic Transactions may require the Acquiring Fund to provide collateral to secure its performance obligations under a contract, which would also entail counterparty credit risk. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Other Investment Policies </U></B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
Acquiring Fund has adopted certain other policies as set forth below. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Temporary Investments</I>. The Acquiring Fund may invest in
short-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> and taxable securities subject to the limitations set forth above. The <FONT STYLE="white-space:nowrap">tax-exempt</FONT> money market securities may include municipal notes, municipal
commercial paper, MYN Municipal Bonds with a remaining maturity of less than one year, variable rate demand notes and participations therein. Municipal notes include tax anticipation notes, bond anticipation notes, revenue anticipation notes and
grant anticipation notes. Anticipation notes are sold as interim financing in anticipation of tax collection, bond sales, government grants or revenue receipts. Municipal commercial paper refers to short-term unsecured promissory notes generally
issued to finance short-term credit needs. The taxable money market securities in which the Acquiring Fund may invest as Temporary Investments consist of U.S. Government securities, U.S. Government agency securities, domestic bank or savings
institution certificates of deposit and bankers&#146; acceptances, short-term corporate debt securities such as commercial paper and repurchase agreements. These Temporary Investments must have a stated maturity not in excess of one year from the
date of purchase. The Acquiring Fund may not invest in any security issued by a commercial bank or a savings institution unless the bank or institution is organized and operating in the United States, has total assets of at least one billion dollars
and is a member of the Federal Deposit Insurance Corporation (&#147;FDIC&#148;), except that up to 10% of total assets may be invested in certificates of deposit of smaller institutions if such certificates are fully insured by the FDIC. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">76 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Short-term taxable fixed-income investments include, without limitation, the following: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(1) U.S. Government securities, including bills, notes and bonds differing as to maturity and rates of interest that are either issued or
guaranteed by the U.S. Treasury or by U.S. Government agencies or instrumentalities. U.S. Government securities include securities issued by (a)&nbsp;the Federal Housing Administration, Farmers Home Administration, Export-Import Bank of the United
States, Small Business Administration, and the Government National Mortgage Association, whose securities are supported by the full faith and credit of the United States; (b)&nbsp;the Federal Home Loan Banks, Federal Intermediate Credit Banks, and
the Tennessee Valley Authority, whose securities are supported by the right of the agency to borrow from the U.S. Treasury; (c)&nbsp;the Federal National Mortgage Association, whose securities are supported by the discretionary authority of the U.S.
Government to purchase certain obligations of the agency or instrumentality; and (d)&nbsp;the Student Loan Marketing Association, whose securities are supported only by its credit. While the U.S. Government provides financial support to such U.S.
Government-sponsored agencies or instrumentalities, no assurance can be given that it always will do so since it is not so obligated by law. The U.S. Government, its agencies and instrumentalities do not guarantee the market value of their
securities. Consequently, the value of such securities may fluctuate. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(2) Certificates of deposit issued against funds deposited in a
bank or a savings and loan association. Such certificates are for a definite period of time, earn a specified rate of return, and are normally negotiable. The issuer of a certificate of deposit agrees to pay the amount deposited plus interest to the
bearer of the certificate on the date specified thereon. Certificates of deposit purchased by the Acquiring Fund may not be fully insured by the FDIC. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(3) Repurchase agreements, which involve purchases of debt securities. At the time the Acquiring Fund purchases securities pursuant to a
repurchase agreement, it simultaneously agrees to resell and redeliver such securities to the seller, who also simultaneously agrees to buy back the securities at a fixed price and time. This assures a predetermined yield for the Acquiring Fund
during its holding period, since the resale price is always greater than the purchase price and reflects an agreed-upon market rate. Such actions afford an opportunity for the Acquiring Fund to invest temporarily available cash. The Acquiring Fund
may enter into repurchase agreements only with respect to obligations of the U.S. Government, its agencies or instrumentalities; certificates of deposit; or bankers&#146; acceptances in which the Acquiring Fund may invest. Repurchase agreements may
be considered loans to the seller, collateralized by the underlying securities. The risk to the Acquiring Fund is limited to the ability of the seller to pay the agreed-upon sum on the repurchase date; in the event of default, the repurchase
agreement provides that the Acquiring Fund is entitled to sell the underlying collateral. If the value of the collateral declines after the agreement is entered into, and if the seller defaults under a repurchase agreement when the value of the
underlying collateral is less than the repurchase price, the Acquiring Fund could incur a loss of both principal and interest. The Investment Advisor monitors the value of the collateral at the time the action is entered into and at all times during
the term of the repurchase agreement. The Investment Advisor does so in an effort to determine that the value of the collateral always equals or exceeds the agreed-upon repurchase price to be paid to the Acquiring Fund. If the seller were to be
subject to a federal bankruptcy proceeding, the ability of the Acquiring Fund to liquidate the collateral could be delayed or impaired because of certain provisions of the bankruptcy laws. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(4) Commercial paper, which consists of short-term unsecured promissory notes, including variable rate master demand notes issued by
corporations to finance their current operations. Master demand notes are direct lending arrangements between the Acquiring Fund and a corporation. There is no secondary market for such notes. However, they are redeemable by the Acquiring Fund at
any time. The Investment Advisor will consider the financial condition of the corporation (<I>e.g.</I>, earning power, cash flow and other liquidity ratios) and will continuously monitor the corporation&#146;s ability to meet all of its financial
obligations, because the Acquiring Fund&#146;s liquidity might be impaired if the corporation were unable to pay principal and interest on demand. Investments in commercial paper will be limited to commercial paper rated in the highest categories by
a major rating agency and which mature within one year of the date of purchase or carry a variable or floating rate of interest. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the
Acquiring Fund invests in short-term taxable fixed-income investments, a portion of your dividends would be subject to regular federal income tax. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Short-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> fixed-income securities are securities that are exempt from regular federal
income tax and mature within three years or less from the date of issuance. Short-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> fixed-income securities include, without limitation, the following: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">77 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(1) Bond Anticipation Notes (&#147;BANs&#148;) are usually general obligations of state and
local governmental issuers which are sold to obtain interim financing for projects that will eventually be funded through the sale of long-term debt obligations or bonds. The ability of an issuer to meet its obligations on its BANs is primarily
dependent on the issuer&#146;s access to the long-term municipal bond market and the likelihood that the proceeds of such bond sales will be used to pay the principal and interest on the BANs. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(2) Tax Anticipation Notes (&#147;TANs&#148;) are issued by state and local governments to finance the current operations of such governments.
Repayment is generally to be derived from specific future tax revenues. TANs are usually general obligations of the issuer. A weakness in an issuer&#146;s capacity to raise taxes due to, among other things, a decline in its tax base or a rise in
delinquencies could adversely affect the issuer&#146;s ability to meet its obligations on outstanding TANs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(3) Revenue Anticipation
Notes (&#147;RANs&#148;) are issued by governments or governmental bodies with the expectation that future revenues from a designated source will be used to repay the notes. In general, they also constitute general obligations of the issuer. A
decline in the receipt of projected revenues, such as anticipated revenues from another level of government, could adversely affect an issuer&#146;s ability to meet its obligations on outstanding RANs. In addition, the possibility that the revenues
would, when received, be used to meet other obligations could affect the ability of the issuer to pay the principal and interest on RANs. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(4) Construction Loan Notes are issued to provide construction financing for specific projects. Frequently, these notes are redeemed with
funds obtained from the Federal Housing Administration. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(5) Bank Notes are notes issued by local government bodies and agencies to
commercial banks as evidence of borrowings. The purposes for which the notes are issued are varied but they are frequently issued to meet short-term working capital or capital-project needs. These notes may have risks similar to the risks associated
with TANs and RANs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(6) <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Commercial Paper (&#147;municipal paper&#148;) represents very
short-term unsecured, negotiable promissory notes, issued by states, municipalities and their agencies. Payment of principal and interest on issues of municipal paper may be made from various sources, to the extent the funds are available therefrom.
Maturities on municipal paper generally will be shorter than the maturities of TANs, BANs or RANs. There is a limited secondary market for issues of municipal paper. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain municipal bonds may carry variable or floating rates of interest whereby the rate of interest is not fixed but varies with changes in
specified market rates or indices, such as a bank prime rate or <FONT STYLE="white-space:nowrap">tax-exempt</FONT> money market indices. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While the various types of notes described above as a group represent the major portion of the
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> note market, other types of notes are available in the marketplace and the Acquiring Fund may invest in such other types of notes to the extent permitted under its investment objective, policies and
limitations. Such notes may be issued for different purposes and may be secured differently from those mentioned above. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Credit Default
Swap Agreements</I>. The Acquiring Fund may enter into credit default swap agreements for hedging purposes or to seek to increase its return. The credit default swap agreement may have as reference obligations one or more securities that are not
currently held by the Acquiring Fund. The protection &#147;buyer&#148; in a credit default contract may be obligated to pay the protection &#147;seller&#148; an upfront or a periodic stream of payments over the term of the contract, provided that no
credit event on a reference obligation has occurred. If a credit event occurs, the seller generally must pay the buyer the &#147;par value&#148; (full notional value) of the swap in exchange for an equal face amount of deliverable obligations of the
reference entity described in the swap, or the seller may be required to deliver the related net cash amount (the difference between the market value of the reference obligation and its par value), if the swap is cash settled. The Acquiring Fund may
be either the buyer or seller in the transaction. If the Acquiring Fund is a buyer and no credit event occurs, the Acquiring Fund may recover nothing if the swap is held through its termination date. However, if a credit event occurs, the buyer
generally may elect to receive the full notional value of the swap in exchange for an equal face amount of deliverable obligations of the reference entity whose value may have significantly decreased. As a seller, the Acquiring Fund generally
receives an upfront payment or a fixed rate of income throughout the term of the swap, which typically is between six (6)&nbsp;months and three years, provided that there is no credit event. If a credit event occurs, generally the seller must pay
the buyer the full notional value of the swap </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">78 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
in exchange for an equal face amount of deliverable obligations of the reference entity whose value may have significantly decreased. As the seller, the Acquiring Fund would effectively add
leverage to its portfolio because, in addition to its total net assets, the Acquiring Fund would be subject to investment exposure on the notional amount of the swap. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Credit default swap agreements involve greater risks than if the Acquiring Fund had invested in the reference obligation directly since, in
addition to general market risks, credit default swaps are subject to illiquidity risk, counterparty risk and credit risks. The Acquiring Fund will enter into credit default swap agreements only with counterparties the Investment Advisor believes to
be creditworthy at the time they enter into such transactions. A buyer generally also will lose its investment and recover nothing should no credit event occur and the swap is held to its termination date. If a credit event were to occur, the value
of any deliverable obligation received by the seller, coupled with the upfront or periodic payments previously received, may be less than the full notional value it pays to the buyer, resulting in a loss of value to the seller. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>VRDOs and Participating VRDOs</I>. VRDOs are <FONT STYLE="white-space:nowrap">tax-exempt</FONT> obligations that contain a floating or
variable interest rate adjustment formula and right of demand on the part of the holder thereof to receive payment of the unpaid principal balance plus accrued interest upon a short notice period not to exceed seven (7)&nbsp;days. There is, however,
the possibility that because of default or insolvency the demand feature of VRDOs and Participating VRDOs may not be honored. The interest rates are adjustable at intervals (ranging from daily to up to one year) to some prevailing market rate for
similar investments, such adjustment formula being calculated to maintain the market value of the VRDOs, at approximately the par value of the VRDOs on the adjustment date. The adjustments typically are based upon the SIFMA Municipal Swap Index or
some other appropriate interest rate adjustment index. The Acquiring Fund may invest in all types of <FONT STYLE="white-space:nowrap">tax-exempt</FONT> instruments currently outstanding or to be issued in the future which satisfy its short-term
maturity and quality standards. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Participating VRDOs provide the Acquiring Fund with a specified undivided interest (up to 100%) of the
underlying obligation and the right to demand payment of the unpaid principal balance plus accrued interest on the Participating VRDOs from the financial institution upon a specified number of days&#146; notice, not to exceed seven (7)&nbsp;days. In
addition, the Participating VRDO is backed by an irrevocable letter of credit or guaranty of the financial institution. The Acquiring Fund would have an undivided interest in the underlying obligation and thus participate on the same basis as the
financial institution in such obligation except that the financial institution typically retains fees out of the interest paid on the obligation for servicing the obligation, providing the letter of credit and issuing the repurchase commitment. The
Acquiring Fund has been advised by its counsel that the Acquiring Fund should be entitled to treat the income received on Participating VRDOs as interest from <FONT STYLE="white-space:nowrap">tax-exempt</FONT> obligations as long as the Acquiring
Fund does not invest more than 20% of its total assets in such investments and certain other conditions are met. It is contemplated that the Acquiring Fund will not invest more than 20% of its assets in Participating VRDOs. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Temporary Investments, VRDOs and Participating VRDOs in which the Acquiring Fund may invest will be in the following rating categories at
the time of purchase: MIG 1/VMIG 1 through MIG 3/VMIG 3 for notes and VRDOs and <FONT STYLE="white-space:nowrap">Prime-1</FONT> through <FONT STYLE="white-space:nowrap">Prime-3</FONT> for commercial paper (as determined by Moody&#146;s), <FONT
STYLE="white-space:nowrap">SP-1</FONT> through <FONT STYLE="white-space:nowrap">SP-2</FONT> for notes and <FONT STYLE="white-space:nowrap">A-1</FONT> through <FONT STYLE="white-space:nowrap">A-3</FONT> for VRDOs and commercial paper (as determined
by S&amp;P), or F1 through F3 for notes, VRDOs and commercial paper (as determined by Fitch). Temporary Investments, if not rated, must be of comparable quality in the opinion of the Investment Advisor. In addition, the Acquiring Fund reserves the
right to invest temporarily a greater portion of its assets in Temporary Investments for defensive purposes, when, in the judgment of the Investment Advisor, market conditions warrant. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Repurchase Agreements</I>. The Acquiring Fund may invest in securities pursuant to repurchase agreements. Repurchase agreements may be
entered into only with a member bank of the Federal Reserve System or a primary dealer or an affiliate thereof, in U.S. Government securities. A repurchase agreement is a contractual agreement whereby the seller of securities agrees to repurchase
the same security at a specified price on a future date agreed upon by the parties. The agreed-upon repurchase price determines the yield during the Acquiring Fund&#146;s holding period. Repurchase agreements are considered to be loans
collateralized by the underlying security that is the subject of the repurchase contract. The risk to the Acquiring Fund is limited to the ability of the issuer to pay the agreed-upon repurchase price on the delivery date; however, although the
value of the underlying collateral at the time the transaction is entered into always equals or exceeds the agreed-upon repurchase price, if the value of the collateral declines there is a risk of loss of both principal and interest. In the event of
default, the collateral may be sold but the Acquiring Fund might incur a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">79 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
loss if the value of the collateral declines, and might incur disposition costs or experience delays in connection with liquidating the collateral. In addition, if bankruptcy proceedings are
commenced with respect to the seller of the security, realization upon the collateral by the Acquiring Fund may be delayed or limited. The Investment Advisor will monitor the value of the collateral at the time the transaction is entered into and
throughout the term of the repurchase agreement in an effort to determine that such value always equals or exceeds the agreed-upon repurchase price. In the event the value of the collateral declines below the repurchase price, the Investment Advisor
will demand additional collateral from the issuer to increase the value of the collateral to at least that of the repurchase price, including interest. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In general, for federal income tax purposes, repurchase agreements are treated as collateralized loans secured by the securities
&#147;sold.&#148; Therefore, amounts earned under such agreements will not be considered <FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest. The treatment of purchase and sales contracts is less certain. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Investment Restrictions </U></B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each
Fund has adopted certain investment restrictions that are &#147;fundamental,&#148; meaning such investment restrictions cannot be changed without approval by holders of a &#147;majority of the Fund&#146;s outstanding voting securities&#148; as
defined in the 1940 Act. As defined in the 1940 Act, this phrase means the vote of (1) 67% or more of the voting securities present at a meeting, if the holders of more than 50% of the outstanding voting securities are present or represented by
proxy, or (2)&nbsp;more than 50% of the outstanding voting securities, whichever is less. Each Fund has also <FONT STYLE="white-space:nowrap">adopted&nbsp;certain&nbsp;non-fundamental&nbsp;investment&nbsp;restrictions.</FONT> The investment
restrictions of the Funds are similar, although there are some differences, and are set forth in<U></U><U>&nbsp;Appendix B</U>&nbsp;to this Joint Proxy Statement/Prospectus. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each of the Acquiring Fund and MHN is <FONT STYLE="white-space:nowrap">classified&nbsp;as&nbsp;non-diversified&nbsp;within&nbsp;the</FONT>
meaning of the 1940 Act, which means that such Fund is not limited by the 1940 Act in the proportion of its total assets that it may invest in securities of a single issuer. To the extent that a Fund assumes large positions in the securities of a
small number of issuers, its yield may fluctuate to a greater extent than that of a diversified company as a result of changes in the financial condition or in the market&#146;s assessment of the issuers. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY is currently classified as a diversified fund under the 1940 Act. This means that such Fund may not purchase securities of an issuer
(other than (i)&nbsp;obligations issued or guaranteed by the U.S. government, its agencies or instrumentalities and (ii)&nbsp;securities of other investment companies) if, with respect to 75% of its total assets, (a)&nbsp;more than 5% of the
Fund&#146;s total assets would be invested in securities of that issuer or (b)&nbsp;the Fund would hold more than 10% of the outstanding voting securities of that issuer. With respect to the remaining 25% of its total assets, BNY can invest more
than 5% of its assets in one issuer. Under the 1940 Act, BNY cannot change its classification from diversified <FONT STYLE="white-space:nowrap">to&nbsp;non-diversified&nbsp;without</FONT> shareholder approval (including class approval by preferred
shareholders, if any). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund&#146;s VRDP Shares are assigned long-term ratings by Moody&#146;s and Fitch. In order to maintain the
required ratings, each Fund is required to comply with certain investment quality, diversification and other guidelines established by Moody&#146;s and Fitch. Such guidelines may be more restrictive than the restrictions set forth above. Each Fund
does not anticipate that such guidelines would have a material adverse effect on its ability to achieve its investment objective. Moody&#146;s and Fitch receive fees in connection with their ratings issuances. Each Fund is also subject to certain
covenants and requirements under the terms of the VRDP Shares and related documents, including the terms of the liquidity facility supporting the VRDP Shares. Such requirements may be more restrictive than the restrictions set forth above. Each Fund
does not anticipate that such requirements would have a material adverse effect on its ability to achieve its investment objective. Please see &#147;Information about the Preferred Shares of the Funds&#148; for additional information. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">80 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_17"></A>THE TARGET FUNDS&#146; INVESTMENT OBJECTIVES AND POLICIES
</B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>MHN&#146;s Investment Objective and Policies </U></B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN&#146;s investment objective is to provide shareholders with current income exempt from federal income tax and New York State and New York
City personal income taxes. MHN seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and
New York State and New York City personal income taxes (&#147;MHN New York Municipal Bonds&#148;), except at times when the Investment Advisor considers that MHN New York Municipal Bonds of sufficient quantity and quality are unavailable at suitable
prices. For the purposes of the foregoing policy, &#147;assets&#148; are MHN&#146;s net assets, plus the amount of any borrowings for investment purposes. To the extent that the Investment Advisor considers that suitable MHN New York Municipal Bonds
are not available for investment, MHN may purchase municipal obligations exempt from federal income taxes but not New York personal income taxes (&#147;MHN Municipal Bonds&#148;). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under normal circumstances, MHN will invest at least 80% of its net assets, plus the amount of borrowings for investment purposes, in
&#147;investment grade&#148; securities. MHN&#146;s investments in derivatives will be counted toward the foregoing 80% policies to the extent that they provide investment exposure to the securities included within each policy or to one or more
market risk factors associated with such securities. At all times, at least 65% of MHN&#146;s total assets will be invested in MHN New York Municipal Bonds and at least 80% of MHN&#146;s total assets will be invested in MHN New York Municipal Bonds
and MHN Municipal Bonds, except during interim periods pending investment of the net proceeds of public offerings of its securities and during temporary defensive periods. Under normal circumstances, at least 80% of the MHN&#146;s assets will be
invested in municipal obligations with remaining maturities of one year or more. There can be no assurance that MHN&#146;s investment objective will be realized. MHN&#146;s investment objective and its policy of investing at least 80% of its assets
in MHN New York Municipal Bonds are fundamental policies that may not be changed without the approval of a majority of the outstanding voting securities of MHN (as defined in the 1940 Act. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may invest in certain <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities classified as PABs (in general, bonds that benefit <FONT
STYLE="white-space:nowrap">non-governmental</FONT> entities) that may subject certain investors in MHN to an alternative minimum tax. The percentage of MHN&#146;s total assets invested in PABs will vary from time to time. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The investment grade MHN Municipal Bonds in which MHN will primarily invest are those MHN Municipal Bonds that are rated at the date of
purchase in the four highest rating categories of S&amp;P, Moody&#146;s, or Fitch or, if unrated, are considered to be of comparable quality by the Investment Advisor. In the case of long-term debt, the investment grade rating categories are AAA
through BBB for S&amp;P and Fitch and Aaa through Baa for Moody&#146;s. In the case of short-term notes, the investment grade rating categories are <FONT STYLE="white-space:nowrap">SP-1</FONT> + through <FONT STYLE="white-space:nowrap">SP-2</FONT>
for S&amp;P, <FONT STYLE="white-space:nowrap">MIG-1</FONT> through <FONT STYLE="white-space:nowrap">MIG-3</FONT> for Moody&#146;s and <FONT STYLE="white-space:nowrap">F-1</FONT> + through <FONT STYLE="white-space:nowrap">F-3</FONT> for Fitch. In the
case of <FONT STYLE="white-space:nowrap">tax-exempt</FONT> commercial paper, the investment grade rating categories are <FONT STYLE="white-space:nowrap">A-1+</FONT> through <FONT STYLE="white-space:nowrap">A-3</FONT> for S&amp;P, <FONT
STYLE="white-space:nowrap">Prime-1</FONT> through <FONT STYLE="white-space:nowrap">Prime-3</FONT> for Moody&#146;s and <FONT STYLE="white-space:nowrap">F-1+</FONT> through <FONT STYLE="white-space:nowrap">F-3</FONT> for Fitch. Obligations ranked in
the lowest investment grade rating category (BBB, <FONT STYLE="white-space:nowrap">SP-2</FONT> and <FONT STYLE="white-space:nowrap">A-3</FONT> for S&amp;P; Baa, <FONT STYLE="white-space:nowrap">MIG-3</FONT> and
<FONT STYLE="white-space:nowrap">Prime-3</FONT> for Moody&#146;s; and BBB and <FONT STYLE="white-space:nowrap">F-3</FONT> for Fitch), while considered &#147;investment grade,&#148; may have certain speculative characteristics. There may be <FONT
STYLE="white-space:nowrap">sub-categories</FONT> or gradations indicating relative standing within the rating categories set forth above. In assessing the quality of MHN New York Municipal Bonds and MHN Municipal Bonds with respect to the foregoing
requirements, the Investment Advisor takes into account the nature of any letters of credit or similar credit enhancement to which particular MHN New York Municipal Bonds and MHN Municipal Bonds are entitled and the creditworthiness of the financial
institution that provided such credit enhancement. All percentage and ratings limitations on securities in which MHN may invest apply at the time of making an investment and shall not be considered violated if an investment rating is subsequently
downgraded to a rating that would have precluded MHN&#146;s initial investment in such security. In the event that MHN disposes of a portfolio security subsequent to its being downgraded, MHN may experience a greater risk of loss than if such
security had been sold prior to such downgrade. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may invest up to 20% of its managed assets in securities that are rated below
investment grade, or are considered by the Investment Advisor to be of comparable quality, at the time of purchase, subject to MHN&#146;s other investment policies. Bonds of below investment grade quality are regarded as having predominantly
speculative characteristics with respect to the issuer&#146;s capacity to pay interest and repay principal. Such securities are sometimes referred to as &#147;high yield&#148; or &#147;junk&#148; bonds. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">81 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN intends to invest primarily in long-term MHN Municipal Bonds with maturities of more
than ten years. However, MHN also may invest in intermediate term MHN Municipal Bonds with maturities of between three years and ten years. MHN also may invest from time to time in short-term MHN Municipal Bonds with maturities of less than three
years. The average maturity of MHN&#146;s portfolio securities will vary based upon the Investment Advisor&#146;s assessment of economic and market conditions. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may invest in short-term, <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities, short-term U.S. Government securities, repurchase
agreements or cash. Such short-term securities or cash will not exceed 20% of its total assets except during interim periods pending investment of the net proceeds of public offerings of MHN&#146;s securities or in anticipation of the repurchase or
redemption of MHN&#146;s securities and temporary periods when, in the opinion of the Investment Advisor, prevailing market or financial conditions warrant. MHN also may invest in VRDOs and VRDOs in the form of Participating VRDOs in variable rate <FONT
STYLE="white-space:nowrap">tax-exempt</FONT> obligations held by a financial institution. MHN&#146;s hedging strategies are not fundamental policies and may be modified by the Board of Directors of MHN without the approval of MHN&#146;s
shareholders. MHN is also authorized to invest in indexed and inverse floating rate obligations for hedging purposes and to seek to enhance return. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may invest in securities not issued by or on behalf of a state or territory or by an agency or instrumentality thereof, if MHN
nevertheless believes such securities pay interest that is excludable from gross income for federal income tax purposes and, if applicable, exempt from New York State and New York City personal income taxes (&#147;MHN
<FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities&#148;). MHN <FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities could
include trust certificates, partnership interests or other instruments evidencing interest in one or more long-term MHN Municipal Bonds. MHN <FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT>
Securities also may include securities issued by other investment companies that invest in MHN New York Municipal Bonds and MHN Municipal Bonds, to the extent such investments are permitted by MHN&#146;s investment restrictions and applicable law,
including the 1940 Act. MHN <FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities are subject to the same risks associated with an investment in MHN Municipal Bonds as well as many of the
risks associated with investments in derivatives. For purposes of MHN&#146;s investment objective and policies, <FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities that pay interest
that is exempt from federal income taxes and New York personal income taxes will be considered &#147;MHN New York Municipal Bonds&#148; and MHN <FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT>
Securities that pay interest that is exempt from federal income taxes will be considered &#147;MHN Municipal Bonds.&#148; </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN ordinarily
does not intend to realize significant investment income not exempt from federal income tax and New York personal income tax. From time to time, MHN may realize taxable capital gains. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Federal tax legislation has limited the types and volume of bonds the interest on which qualifies for a federal income <FONT
STYLE="white-space:nowrap">tax-exemption.</FONT> As a result, this legislation and legislation that may be enacted in the future may affect the availability of MHN Municipal Bonds for investment by MHN. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Municipal Bonds </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Set
forth below is a detailed description of the MHN Municipal Bonds in which MHN invests. Information with respect to ratings assigned to <FONT STYLE="white-space:nowrap">tax-exempt</FONT> obligations that MHN may purchase is set forth in Appendix
A&#151;&#147;Description of Bond Ratings&#148; in the Statement of Additional Information. Obligations are included within the term MHN Municipal Bonds if the interest paid thereon is excluded from gross income for federal income tax purposes in the
opinion of bond counsel to the issuer. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN Municipal Bonds include debt obligations issued to obtain funds for various public purposes,
including the construction of a wide range of public facilities, refunding of outstanding obligations and obtaining funds for general operating expenses and loans to other public institutions and facilities. In addition, certain types of PABs are
issued by or on behalf of public authorities to finance various privately owned or operated facilities, including among other things, airports, public ports, mass commuting facilities, multi-family housing projects, as well as facilities for water
supply, gas, electricity, sewage or solid waste disposal and other specialized facilities. Other types of PABs, the proceeds of which are used for the construction, equipment or improvement of privately operated industrial or commercial facilities,
may constitute MHN Municipal Bonds. The interest on MHN Municipal Bonds may bear a fixed rate or be payable at a variable or floating rate. The two principal classifications of MHN Municipal Bonds are &#147;general obligation&#148; bonds and
&#147;revenue&#148; bonds, which latter category includes PABs and, for bonds issued on or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">82 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
before August&nbsp;15, 1986, industrial development bonds. MHN Municipal Bonds typically are issued to finance public projects, such as roads or public buildings, to pay general operating
expenses or to refinance outstanding debt. MHN Municipal Bonds may also be issued for private activities, such as housing, medical and educational facility construction, or for privately owned industrial development and pollution control projects.
General obligation bonds are backed by the full faith and credit, or taxing authority, of the issuer and may be repaid from any revenue source. Revenue bonds may be repaid only from the revenues of a specific facility or source. MHN Municipal Bonds
may be issued on a long-term basis to provide permanent financing. The repayment of such debt may be secured generally by a pledge of the full faith and credit taxing power of the issuer, a limited or special tax, or any other revenue source,
including project revenues, which may include tolls, fees and other user charges, lease payments and mortgage payments. MHN Municipal Bonds may also be issued to finance projects on a short-term interim basis, anticipating repayment with the
proceeds of the later issuance of long-term debt. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The MHN Municipal Bonds in which MHN invests pay interest or income that, in the
opinion of bond counsel to the issuer, is exempt from regular federal income tax. The Investment Advisor does not conduct its own analysis of the tax status of the interest or income paid by MHN Municipal Bonds held by MHN, but will rely on the
opinion of counsel to the issuer of each such instrument. MHN may also invest in MHN Municipal Bonds issued by United States Territories (such as Puerto Rico or Guam) that are exempt from regular federal income tax. MHN may invest in other
securities that pay interest or income that is, or make other distributions that are, exempt from regular federal income tax and/or state and local personal taxes, regardless of the technical structure of the issuer of the instrument. MHN treats all
of such <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities as MHN Municipal Bonds. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The yields on MHN Municipal Bonds are
dependent on a variety of factors, including prevailing interest rates and the condition of the general money market and the Municipal Bond market, the size of a particular offering, the maturity of the obligation and the rating of the issue. The
market value of MHN Municipal Bonds will vary with changes in interest rate levels and as a result of changing evaluations of the ability of bond issuers to meet interest and principal payments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN has not established any limit on the percentage of its portfolio that may be invested in PABs. MHN may not be a suitable investment for
investors who are already subject to the federal alternative minimum tax or who would become subject to the federal alternative minimum tax as a result of an investment in MHN&#146;s common shares. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>General Obligation Bonds</I>. General obligation bonds are typically secured by the issuer&#146;s pledge of its faith, credit and taxing
power for the repayment of principal and the payment of interest. The taxing power of any governmental entity may be limited, however, by provisions of its state constitution or laws, and an entity&#146;s creditworthiness will depend on many
factors, including potential erosion of its tax base due to population declines, natural disasters, declines in the state&#146;s industrial base or inability to attract new industries, economic limits on the ability to tax without eroding the tax
base, state legislative proposals or voter initiatives to limit ad valorem real property taxes and the extent to which the entity relies on federal or state aid, access to capital markets or other factors beyond the state&#146;s or entity&#146;s
control. Accordingly, the capacity of the issuer of a general obligation bond as to the timely payment of interest and the repayment of principal when due is affected by the issuer&#146;s maintenance of its tax base. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Revenue Bonds</I>. Revenue or special obligation bonds are typically payable only from the revenues derived from a particular facility or
class of facilities or, in some cases, from the proceeds of a special excise tax or other specific revenue sources such as payments from the user of the facility being financed. Accordingly, the timely payment of interest and the repayment of
principal in accordance with the terms of the revenue or special obligation bond is a function of the economic viability of such facility or such revenue source. Revenue bonds issued by state or local agencies to finance the development of <FONT
STYLE="white-space:nowrap">low-income,</FONT> multi-family housing involve special risks in addition to those associated with municipal securities generally, including that the underlying properties may not generate sufficient income to pay expenses
and interest costs. Such bonds are generally <FONT STYLE="white-space:nowrap">non-recourse</FONT> against the property owner, may be junior to the rights of others with an interest in the properties, may pay interest that changes based in part on
the financial performance of the property, may be prepayable without penalty and may be used to finance the construction of housing developments which, until completed and rented, do not generate income to pay interest. Increases in
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">83 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
interest rates payable on senior obligations may make it more difficult for issuers to meet payment obligations on subordinated bonds. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Notes</I>. Municipal notes are shorter term municipal debt obligations. They may provide interim financing in anticipation of tax
collection, bond sales or revenue receipts. If there is a shortfall in the anticipated proceeds, repayment on the note may be delayed or the note may not be fully repaid, and MHN may lose money. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Commercial Paper</I>. Municipal commercial paper is generally unsecured and issued to meet short-term financing needs. The lack
of security presents some risk of loss to MHN since, in the event of an issuer&#146;s bankruptcy, unsecured creditors are repaid only after the secured creditors out of the assets, if any, that remain. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Moral Obligation Bonds</I>. MHN Municipal Bonds may also include &#147;moral obligation&#148; bonds, which are normally issued by special
purpose public authorities. If an issuer of moral obligation bonds is unable to meet its obligations, the repayment of such bonds becomes a moral commitment but not a legal obligation of the state or municipality in question. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Lease Obligations</I>. Also included within the general category of MHN Municipal Bonds are COPs issued by government authorities
or entities to finance the acquisition or construction of equipment, land and/or facilities. COPs represent participations in a lease, an installment purchase contract or a conditional sales contract (hereinafter collectively called &#147;lease
obligations&#148;) relating to such equipment, land or facilities. Municipal leases, like other municipal debt obligations, are subject to the risk of <FONT STYLE="white-space:nowrap">non-payment.</FONT> Although lease obligations do not constitute
general obligations of the issuer for which the issuer&#146;s unlimited taxing power is pledged, a lease obligation is frequently backed by the issuer&#146;s covenant to budget for, appropriate and make the payments due under the lease obligation.
However, certain lease obligations contain <FONT STYLE="white-space:nowrap">&#147;non-appropriation&#148;</FONT> clauses which provide that the issuer has no obligation to make lease or installment purchase payments in future years unless money is
appropriated for such purpose on a yearly basis. Although <FONT STYLE="white-space:nowrap">&#147;non-appropriation&#148;</FONT> lease obligations are secured by the leased property, disposition of the property in the event of foreclosure might prove
difficult and the value of the property may be insufficient to pay lease obligations. Certain investments in lease obligations may be illiquid. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The ability of issuers of municipal leases to make timely lease payments may be adversely impacted in general economic downturns and as
relative governmental cost burdens are allocated and reallocated among federal, state and local governmental units. Such <FONT STYLE="white-space:nowrap">non-payment</FONT> would result in a reduction of income to MHN, and could result in a
reduction in the value of the municipal lease experiencing <FONT STYLE="white-space:nowrap">non-payment</FONT> and a potential decrease in the NAV of MHN. Issuers of municipal lease obligations might seek protection under the bankruptcy laws. In the
event of bankruptcy of such an issuer, MHN could experience delays and limitations with respect to the collection of principal and interest on such municipal leases and MHN may not, in all circumstances, be able to collect all principal and interest
to which it is entitled. To enforce its rights in the event of a default in lease payments, MHN might take possession of and manage the assets securing the issuer&#146;s obligations on such securities, which may increase MHN&#146;s operating
expenses and adversely affect the NAV of MHN. When the lease contains a <FONT STYLE="white-space:nowrap">non-appropriation</FONT> clause, however, the failure to pay would not be a default and MHN would not have the right to take possession of the
assets. Any income derived from MHN&#146;s ownership or operation of such assets may not be tax exempt or may fail to generate qualifying income for purposes of the income tests applicable to regulated investment companies. In addition, MHN&#146;s
intention to qualify as a regulated investment company under the Code may limit the extent to which MHN may exercise its rights by taking possession of such assets, because as a regulated investment company MHN is subject to certain limitations on
its investments and on the nature of its income. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Zero-Coupon Bonds</I>. MHN Municipal Bonds may include
<FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. Zero-coupon bonds are securities that are sold at a discount to par value and do not pay interest during the life of the security. The discount approximates the total amount of interest the
security will accrue and compound over the period until maturity at a rate of interest reflecting the market rate of the security at the time of issuance. Upon maturity, the holder of a <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bond is
entitled to receive the par value of the security. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While interest payments are not made on such securities, holders of such securities
are deemed to have received income annually, notwithstanding that cash may not be received currently. The effect of owning instruments that do not make current interest payments is that a fixed yield is earned not only on the original investment but
also, in effect, on all discount accretion during the life of the obligations. This implicit reinvestment of earnings at a fixed rate </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">84 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
eliminates the risk of being unable to invest distributions at a rate as high as the implicit yield on the <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bond, but at the same time
eliminates the holder&#146;s ability to reinvest at higher rates in the future. For this reason, some of these securities may be subject to substantially greater price fluctuations during periods of changing market interest rates than are comparable
securities that pay interest currently. Longer term <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds are more exposed to interest rate risk than shorter term <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. These investments
benefit the issuer by mitigating its need for cash to meet debt service, but also require a higher rate of return to attract investors who are willing to defer receipt of cash. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN accrues income with respect to these securities for U.S. federal income tax and accounting purposes prior to the receipt of cash payments.
Zero-coupon bonds may be subject to greater fluctuation in value and less liquidity in the event of adverse market conditions than comparably rated securities that pay cash interest at regular intervals. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Further, to maintain its qualification for pass-through treatment under the federal tax laws, MHN is required to distribute income to its
shareholders and, consequently, may have to dispose of other, more liquid portfolio securities under disadvantageous circumstances or may have to leverage itself by borrowing in order to generate the cash to satisfy these distributions. The required
distributions may result in an increase in MHN&#146;s exposure to <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition
to the above-described risks, there are certain other risks related to investing in <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. During a period of severe market conditions, the market for such securities may become even less liquid.
In addition, as these securities do not pay cash interest, MHN&#146;s investment exposure to these securities and their risks, including credit risk, will increase during the time these securities are held in MHN&#146;s portfolio. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><FONT STYLE="white-space:nowrap">Pre-Refunded</FONT> Municipal Securities</I>. The principal of, and interest on, <FONT
STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities are no longer paid from the original revenue source for the securities. Instead, the source of such payments is typically an escrow fund consisting of U.S. Government securities.
The assets in the escrow fund are derived from the proceeds of refunding bonds issued by the same issuer as the <FONT STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities. Issuers of municipal securities use this advance refunding
technique to obtain more favorable terms with respect to securities that are not yet subject to call or redemption by the issuer. For example, advance refunding enables an issuer to refinance debt at lower market interest rates, restructure debt to
improve cash flow or eliminate restrictive covenants in the indenture or other governing instrument for the <FONT STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">However, except for a change in the revenue source from which principal and interest payments are made, the
<FONT STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities remain outstanding on their original terms until they mature or are redeemed by the issuer. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Private Activity Bonds</I>. Private activity bonds, formerly referred to as industrial development bonds, are issued by, or on behalf of,
states, municipalities or public authorities to obtain funds to provide privately operated housing facilities, airport, mass transit or port facilities, sewage disposal, solid waste disposal or hazardous waste treatment or disposal facilities and
certain local facilities for water supply, gas or electricity. Other types of PABs, the proceeds of which are used for the construction, equipment, repair or improvement of privately operated industrial or commercial facilities, may constitute MHN
Municipal Bonds, although the federal tax laws may place substantial limitations on the size of such issues. Such bonds are secured primarily by revenues derived from loan repayments or lease payments due from the entity which may or may not be
guaranteed by a parent company or otherwise secured. PABs generally are not secured by a pledge of the taxing power of the issuer of such bonds. Therefore, an investor should be aware that repayment of such bonds generally depends on the revenues of
a private entity and be aware of the risks that such an investment may entail. The continued ability of an entity to generate sufficient revenues for the payment of principal and interest on such bonds will be affected by many factors including the
size of the entity, capital structure, demand for its products or services, competition, general economic conditions, government regulation and the entity&#146;s dependence on revenues for the operation of the particular facility being financed.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Special Taxing Districts</I>. Special taxing districts are organized to plan and finance infrastructure developments to induce
residential, commercial and industrial growth and redevelopment. The bond financing methods such as tax increment finance, tax assessment, special services district and Mello-Roos bonds (a type of municipal security established by the Mello-Roos
Community Facilities Act of 1982), are generally payable solely from taxes or other revenues attributable to the specific projects financed by the bonds without recourse to the credit or taxing power of
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">85 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
related or overlapping municipalities. They often are exposed to real estate development-related risks and can have more taxpayer concentration risk than general
<FONT STYLE="white-space:nowrap">tax-supported</FONT> bonds, such as general obligation bonds. Further, the fees, special taxes, or tax allocations and other revenues that are established to secure such financings are generally limited as to the
rate or amount that may be levied or assessed and are not subject to increase pursuant to rate covenants or municipal or corporate guarantees. The bonds could default if development failed to progress as anticipated or if larger taxpayers failed to
pay the assessments, fees and taxes as provided in the financing plans of the districts. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Indexed and Inverse Floating Rate
Securities</I>. MHN may invest in MHN Municipal Bonds (and <FONT STYLE="white-space:nowrap">Non-Municipal</FONT> <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Securities) that yield a return based on a particular index of value or interest
rates. For example, MHN may invest in MHN Municipal Bonds that pay interest based on an index of Municipal Bond interest rates. The principal amount payable upon maturity of certain MHN Municipal Bonds also may be based on the value of the index. To
the extent MHN invests in these types of MHN Municipal Bonds, MHN&#146;s return on such MHN Municipal Bonds will be subject to risk with respect to the value of the particular index. Interest and principal payable on the MHN Municipal Bonds may also
be based on relative changes among particular indices. Also, MHN may invest in <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;inverse floating rate bonds&#148; or &#147;residual interest bonds&#148; on which the interest rates vary
inversely with a short-term floating rate (which may be reset periodically by a Dutch auction, a remarketing agent, or by reference to a short-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest rate index). MHN may purchase
synthetically created inverse floating rate bonds evidenced by custodial or trust receipts. Generally, income on inverse floating rate bonds will decrease when short-term interest rates increase, and will increase when short-term interest rates
decrease. Such securities have the effect of providing a degree of investment leverage, since they may increase or decrease in value in response to changes, as an illustration, in market interest rates at a rate which is a multiple (typically two)
of the rate at which fixed rate long-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities increase or decrease in response to such changes. As a result, the market values of such securities will generally be more volatile than the
market values of fixed rate <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities. To seek to limit the volatility of these securities, MHN may purchase inverse floating rate bonds with shorter-term maturities or limitations on the extent to
which the interest rate may vary. Certain investments in such obligations may be illiquid. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>When-Issued Securities, Delayed Delivery
Securities and Forward Commitments</I>. MHN may purchase or sell securities that it is entitled to receive on a when-issued basis. MHN may also purchase or sell securities on a delayed delivery basis. MHN may also purchase or sell securities through
a forward commitment. These transactions involve the purchase or sale of securities by MHN at an established price with payment and delivery taking place in the future. The purchase will be recorded on the date MHN enters into the commitment and the
value of the securities will thereafter be reflected in MHN&#146;s NAV. MHN has not established any limit on the percentage of its assets that may be committed in connection with these transactions. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There can be no assurance that a security purchased on a when-issued basis will be issued or that a security purchased or sold through a
forward commitment will be delivered. A default by a counterparty may result in MHN missing the opportunity of obtaining a price considered to be advantageous. The value of securities in these transactions on the delivery date may be more or less
than MHN&#146;s purchase price. MHN may bear the risk of a decline in the value of the security in these transactions and may not benefit from an appreciation in the value of the security during the commitment period. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If deemed advisable as a matter of investment strategy, MHN may dispose of or renegotiate a commitment after it has been entered into, and may
sell securities it has committed to purchase before those securities are delivered to MHN on the settlement date. In these cases, MHN may realize a taxable capital gain or loss. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When MHN engages in when-issued, delayed delivery or forward commitment transactions, it relies on the other party to consummate the trade.
Failure of such party to do so may result in MHN&#146;s incurring a loss or missing an opportunity to obtain a price considered to be advantageous. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The market value of the securities underlying a commitment to purchase securities, and any subsequent fluctuations in their market value, is
taken into account when determining the market value of MHN starting on the day MHN agrees to purchase the securities. MHN does not earn interest on the securities it has committed to purchase until they are paid for and delivered on the settlement
date. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act permits MHN to enter into when-issued or forward-settling
securities (<I>e.g.</I>, firm and standby commitments, including TBA commitments, and dollar rolls) and <FONT STYLE="white-space:nowrap">non-standard</FONT> settlement cycle securities </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">86 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
notwithstanding the limitation on the issuance of senior securities in Section&nbsp;18 of the 1940 Act, provided that the transaction meets the Delayed-Settlement Securities Provision. If a
when-issued, forward-settling or <FONT STYLE="white-space:nowrap">non-standard</FONT> settlement cycle security does not satisfy the Delayed-Settlement Securities Provision, then it is treated as a derivatives transaction under Rule <FONT
STYLE="white-space:nowrap">18f-4.</FONT> </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Call Rights</I>. MHN may purchase a Municipal Bond issuer&#146;s Call Right. A holder of a
Call Right may exercise such right to require a mandatory tender for the purchase of related MHN Municipal Bonds, subject to certain conditions. A Call Right that is not exercised prior to maturity of the related Municipal Bond will expire without
value. The economic effect of holding both the Call Right and the related Municipal Bond is identical to holding a Municipal Bond as a <FONT STYLE="white-space:nowrap">non-callable</FONT> security. Certain investments in such obligations may be
illiquid. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Yields</I>. Yields on MHN Municipal Bonds are dependent on a variety of factors, including the general condition of the
money market and of the Municipal Bond market, the size of a particular offering, the financial condition of the issuer, the maturity of the obligation and the rating of the issue. The ability of MHN to achieve its investment objective is also
dependent on the continuing ability of the issuers of the securities in which MHN invests to meet their obligations for the payment of interest and principal when due. There are variations in the risks involved in holding MHN Municipal Bonds, both
within a particular classification and between classifications, depending on numerous factors. Furthermore, the rights of owners of MHN Municipal Bonds and the obligations of the issuer of such MHN Municipal Bonds may be subject to applicable
bankruptcy, insolvency and similar laws and court decisions affecting the rights of creditors generally and to general equitable principles, which may limit the enforcement of certain remedies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>&#147;High Yield&#148; or &#147;Junk&#148; Bonds</I>. MHN may invest up to 20% of its managed assets in securities that are rated below
investment grade, or are considered by BlackRock to be of comparable quality, at the time of purchase, subject to MHN&#146;s other investment policies. Information with respect to ratings assigned to
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> obligations that MHN may purchase is set forth in Appendix A&#151;&#147;Description of Bond Ratings&#148; in the Statement of Additional Information. MHN Municipal Bonds of below investment grade
quality (&#147;Ba/BB&#148; or below) are commonly known as &#147;junk bonds.&#148; Securities rated below investment grade are judged to have speculative characteristics with respect to their interest and principal payments. Such securities may face
major ongoing uncertainties or exposure to adverse business, financial or economic conditions which could lead to inadequate capacity to meet timely interest and principal payments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Strategic Transactions and Other Management Techniques </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may purchase and sell futures contracts, enter into various interest rate transactions and swap contracts (including, but not limited to,
credit default swaps) and may purchase and sell exchange-listed and OTC put and call options on securities and swap contracts, financial indices and futures contracts and use other derivative instruments or management techniques (previously defined
as, &#147;Strategic Transactions&#148;). These Strategic Transactions may be used for duration management and other risk management purposes, subject to MHN&#146;s investment restrictions. While MHN&#146;s use of Strategic Transactions is intended
to reduce the volatility of the NAV of MHN&#146;s common shares, the NAV of MHN&#146;s common shares will fluctuate. No assurance can be given that MHN&#146;s Strategic Transactions will be effective. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There is no particular strategy that requires use of one technique rather than another as the decision to use any particular strategy or
instrument is a function of market conditions and the composition of the portfolio. The ability of MHN to use Strategic Transactions successfully will depend on the Investment Advisor&#146;s ability to predict pertinent market movements as well as
sufficient correlation among the instruments, which cannot be assured. Strategic Transactions subject MHN to the risk that, if the Investment Advisor incorrectly forecasts market values, interest rates or other applicable factors, MHN&#146;s
performance could suffer. Certain of these Strategic Transactions, such as investments in inverse floating rate securities and credit default swaps, may provide investment leverage to MHN&#146;s portfolio. MHN is not required to use derivatives or
other portfolio strategies to seek to hedge its portfolio and may choose not to do so. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The use of Strategic Transactions may result in
losses greater than if they had not been used, may require MHN to sell or purchase portfolio securities at inopportune times or for prices other than current market values, may limit the amount of appreciation MHN can realize on an investment or may
cause MHN to hold a security that it might otherwise </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">87 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
sell. Furthermore, MHN may only engage in Strategic Transactions from time to time and may not necessarily be engaging in hedging activities when movements in interest rates occur. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN&#146;s investment objective and the requirements of Subchapter M of the Code for qualification as a regulated investment company may
restrict or affect the ability of MHN to engage in Strategic Transactions. In addition, the use of certain Strategic Transactions may give rise to taxable income and have certain other consequences, such as subjecting a portion of MHN&#146;s
dividends to regular federal income tax. However, under normal circumstances, MHN does not intend to use Strategic Transactions that give rise to taxable income. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Put and Call Options on Securities and Indices</I>. MHN may purchase and sell put and call options on securities and indices. A put option
gives the purchaser of the option the right to sell and the writer the obligation to buy the underlying security at the exercise price during the option period. MHN may also purchase and sell options on bond indices (&#147;index options&#148;).
Index options are similar to options on securities except that, rather than taking or making delivery of securities underlying the option at a specified price upon exercise, an index option gives the holder the right to receive cash upon exercise of
the option if the level of the bond index upon which the option is based is greater, in the case of a call, or less, in the case of a put, than the exercise price of the option. The purchase of a put option on a debt security could protect
MHN&#146;s holdings in a security or a number of securities against a substantial decline in the market value. A call option gives the purchaser of the option the right to buy and the seller the obligation to sell the underlying security or index at
the exercise price during the option period or for a specified period prior to a fixed date. The purchase of a call option on a security could protect MHN against an increase in the price of a security that it intended to purchase in the future.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Writing Covered Call Options</I>. MHN is authorized to write (<I>i.e.</I>, sell) covered call options with respect to MHN Municipal
Bonds it owns, thereby giving the holder of the option the right to buy the underlying security covered by the option from MHN at the stated exercise price until the option expires. MHN writes only covered call options, which means that so long as
MHN is obligated as the writer of a call option, it will own the underlying securities subject to the option. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN receives a premium from
writing a call option, which increases MHN&#146;s return on the underlying security in the event the option expires unexercised or is closed out at a profit. By writing a call, MHN limits its opportunity to profit from an increase in the market
value of the underlying security above the exercise price of the option for as long as MHN&#146;s obligation as a writer continues. Covered call options serve as a partial hedge against a decline in the price of the underlying security. MHN may
engage in closing transactions in order to terminate outstanding options that it has written. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Additional Information About
Options</I>. MHN&#146;s ability to close out its position as a purchaser or seller of an exchange-listed put or call option is dependent upon the existence of a liquid secondary market on option exchanges. Among the possible reasons for the absence
of a liquid secondary market on an exchange are: (i)&nbsp;insufficient trading interest in certain options; (ii)&nbsp;restrictions on transactions imposed by an exchange; (iii)&nbsp;trading halts, suspensions or other restrictions imposed with
respect to particular classes or series of options or underlying securities; (iv)&nbsp;interruption of the normal operations on an exchange; (v)&nbsp;inadequacy of the facilities of an exchange or the Office of the Comptroller of the Currency
(&#147;OCC&#148;) to handle current trading volume; or (vi)&nbsp;a decision by one or more exchanges to discontinue the trading of options (or a particular class or series of options), in which event the secondary market on that exchange (or in that
class or series of options) would cease to exist, although outstanding options on that exchange that had been listed by the OCC as a result of trades on that exchange would generally continue to be exercisable in accordance with their terms. OTC
options are purchased from or sold to dealers, financial institutions or other counterparties which have entered into direct agreements with MHN. With OTC options, such variables as expiration date, exercise price and premium will be agreed upon
between MHN and the counterparty, without the intermediation of a third party such as the OCC. If the counterparty fails to make or take delivery of the securities underlying an option it has written, or otherwise settle the transaction in
accordance with the terms of that option as written, MHN would lose the premium paid for the option as well as any anticipated benefit of the transaction. OTC options and assets used to cover OTC options written by MHN are considered by the staff of
the SEC to be illiquid. The illiquidity of such options or assets </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">88 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
may prevent a successful sale of such options or assets, result in a delay of sale, or reduce the amount of proceeds that might otherwise be realized. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may engage in options and futures transactions on exchanges and options in the <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">over-the-counter</FONT></FONT> markets. MHN will only enter into OTC options with counterparties the Investment Advisor believes to be creditworthy at the time they enter into such transactions. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The hours of trading for options on debt securities may not conform to the hours during which the underlying securities are traded. To the
extent that the option markets close before the markets for the underlying securities, significant price and rate movements can take place in the underlying markets that cannot be reflected in the option markets. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Financial Futures Transactions and Options</I>. MHN is authorized to purchase and sell certain financial futures contracts in order to
hedge its investments against declines in value, and to hedge against increases in the cost of securities it intends to purchase or to seek to enhance MHN&#146;s return. However, any transactions involving financial futures or options (including
puts and calls associated therewith) will be in accordance with MHN&#146;s investment policies and limitations. A financial futures contract obligates the seller of a contract to deliver and the purchaser of a contract to take delivery of the type
of financial instrument covered by the contract, or in the case of index-based futures contracts to make and accept a cash settlement, at a specific future time for a specified price. To hedge its portfolio, MHN may take an investment position in a
futures contract which will move in the opposite direction from the portfolio position being hedged. A sale of financial futures contracts may provide a hedge against a decline in the value of portfolio securities because such depreciation may be
offset, in whole or in part, by an increase in the value of the position in the financial futures contracts. A purchase of financial futures contracts may provide a hedge against an increase in the cost of securities intended to be purchased because
such appreciation may be offset, in whole or in part, by an increase in the value of the position in the futures contracts. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Distributions, if any, of net long-term capital gains from certain transactions in futures or options are taxable at long-term capital gains
rates for U.S. federal income tax purposes. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Futures Contracts</I>. A futures contract is an agreement between two parties to buy and
sell a security or, in the case of an index-based futures contract, to make and accept a cash settlement for a set price on a future date. A majority of transactions in futures contracts, however, do not result in the actual delivery of the
underlying instrument or cash settlement, but are settled through liquidation, <I>i.e.</I>, by entering into an offsetting transaction. Futures contracts have been designed by boards of trade which have been designated &#147;contracts markets&#148;
by the CFTC. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The purchase or sale of a futures contract differs from the purchase or sale of a security in that no price or premium is
paid or received. Instead, an amount of cash or securities acceptable to the broker and the relevant contract market, which varies, but is generally about 5% of the contract amount, must be deposited with the broker. This amount is known as
&#147;initial margin&#148; and represents a &#147;good faith&#148; deposit assuring the performance of both the purchaser and seller under the futures contract. Subsequent payments to and from the broker, called &#147;variation margin,&#148; are
required to be made on a daily basis as the price of the futures contract fluctuates making the long and short positions in the futures contract more or less valuable, a process known as &#147;marking to the market.&#148; At any time prior to the
settlement date of the futures contract, the position may be closed out by taking an opposite position that will operate to terminate the position in the futures contract. A final determination of variation margin is then made, additional cash is
required to be paid to or released by the broker and the purchaser realizes a loss or gain. In addition, a nominal commission is paid on each completed sale transaction. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may also purchase and sell financial futures contracts on U.S. Government securities as a hedge against adverse changes in interest rates
as described below. With respect to U.S. Government securities, currently there are financial futures contracts based on long-term U.S. Treasury bonds, U.S. Treasury notes, GNMA Certificates and three-month U.S. Treasury bills. MHN may purchase and
write call and put options on futures contracts on U.S. Government securities and purchase and sell municipal bond index futures contracts in connection with its hedging strategies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN also may engage in other futures contracts transactions such as futures contracts on other municipal bond indices that may become
available if the Investment Advisor should determine that there is normally a sufficient correlation </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">89 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
between the prices of such futures contracts and MHN New York Municipal Bonds and MHN Municipal Bonds in which MHN invests to make such hedging appropriate. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Futures Strategies</I>. MHN may sell a financial futures contract (<I>i.e.</I>, assume a short position) in anticipation of a decline in
the value of its investments resulting from an increase in interest rates or otherwise. The risk of decline could be reduced without employing futures as a hedge by selling investments and either reinvesting the proceeds in securities with shorter
maturities or by holding assets in cash. This strategy, however, entails increased transaction costs in the form of dealer spreads and typically would reduce the average yield of MHN&#146;s portfolio securities as a result of the shortening of
maturities. The sale of futures contracts provides an alternative means of hedging against declines in the value of its investments. As such values decline, the value of MHN&#146;s positions in the futures contracts will tend to increase, thus
offsetting all or a portion of the depreciation in the market value of MHN&#146;s investments that are being hedged. While MHN will incur commission expenses in selling and closing out futures positions, commissions on futures transactions are
typically lower than transaction costs incurred in the purchase and sale of MHN&#146;s investments being hedged. In addition, the ability of MHN to trade in the standardized contracts available in the futures markets may offer a more effective
defensive position than a program to reduce the average maturity of the portfolio securities due to the unique and varied credit and technical characteristics of the instruments available to MHN. Employing futures as a hedge also may permit MHN to
assume a defensive posture without reducing the yield on its investments beyond any amounts required to engage in futures trading. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When
MHN intends to purchase a security, MHN may purchase futures contracts as a hedge against any increase in the cost of such security resulting from a decrease in interest rates or otherwise, that may occur before such purchase can be effected.
Subject to the degree of correlation between such securities and futures contracts, subsequent increases in the cost of such securities should be reflected in the value of the futures held by MHN. As such purchases are made, an equivalent amount of
futures contracts will be closed out. Due to changing market conditions and interest rate forecasts, however, a futures position may be terminated without a corresponding purchase of portfolio securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Call Options on Futures Contracts</I>. MHN may also purchase and sell exchange traded call and put options on financial futures contracts.
The purchase of a call option on a futures contract is analogous to the purchase of a call option on an individual security. Depending on the pricing of the option compared to either the futures contract upon which it is based or the price of the
underlying securities, it may or may not be less risky than ownership of the futures contract or underlying securities. Like the purchase of a futures contract, MHN may purchase a call option on a futures contract to hedge against a market advance
when MHN is not fully invested. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The writing of a call option on a futures contract constitutes a partial hedge against declining prices
of the securities which are deliverable upon exercise of the futures contract. If the futures price at expiration is below the exercise price, MHN will retain the full amount of the option premium, which provides a partial hedge against any decline
that may have occurred in MHN&#146;s portfolio holdings. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Put Options on Futures Contracts</I>. The purchase of a put option on a
futures contract is analogous to the purchase of a protective put option on portfolio securities. MHN may purchase a put option on a futures contract to hedge MHN&#146;s portfolio against the risk of rising interest rates. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The writing of a put option on a futures contract constitutes a partial hedge against increasing prices of the securities which are
deliverable upon exercise of the futures contract. If the futures price at expiration is higher than the exercise price, MHN will retain the full amount of the option premium, which provides a partial hedge against any increase in the price of
securities which MHN intends to purchase. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The writer of an option on a futures contract is required to deposit initial and variation
margin pursuant to requirements similar to those applicable to futures contracts. Premiums received from the writing of an option will be included in initial margin. The writing of an option on a futures contract involves risks similar to those
relating to futures contracts. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The CFTC subjects advisers to registered investment companies to regulation by the CFTC if a fund that is
advised by the investment adviser either (i)&nbsp;invests, directly or indirectly, more than a prescribed level of its liquidation value in CFTC Derivatives, or (ii)&nbsp;markets itself as providing investment exposure to such instruments. To the
extent MHN uses CFTC Derivatives, it intends to do so below such prescribed levels and will not market itself as a &#147;commodity pool&#148; or a vehicle for trading such instruments. Accordingly, the Investment Advisor has claimed an exclusion
from </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">90 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
the definition of the term &#147;commodity pool operator&#148; under the CEA pursuant to Rule 4.5 under the CEA. The Investment Advisor is not, therefore, subject to registration or regulation as
a &#147;commodity pool operator&#148; under the CEA in respect of MHN. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Interest Rate Transactions</I>. MHN may enter into interest
rate swaps and the purchase or sale of interest rate caps and floors. MHN expects to enter into these transactions primarily to preserve a return or spread on a particular investment or portion of its portfolio as a duration management technique or
to protect against any increase in the price of securities MHN anticipates purchasing at a later date. MHN will ordinarily use these transactions as a hedge or for duration or risk management although it is permitted to enter into them to enhance
income or gain. MHN may not sell interest rate caps or floors that it does not own. Interest rate swaps involve the exchange by MHN with another party of their respective commitments to pay or receive interest, <I>e.g.</I>, an exchange of floating
rate payments for fixed rate payments with respect to a notional amount of principal. The purchase of an interest rate cap entitles the purchaser, to the extent that a specified index exceeds a predetermined interest rate, to receive payments of
interest on a notional principal amount from the party selling such interest rate cap. The purchase of an interest rate floor entitles the purchaser, to the extent that a specified index falls below a predetermined interest rate, to receive payments
of interest on a notional principal amount from the party selling such interest rate floor. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may enter into interest rate swaps, caps
and floors on either an asset-based or liability-based basis, and will usually enter into interest rate swaps on a net basis, <I>i.e.</I>, the two payment streams are netted out, with MHN receiving or paying, as the case may be, only the net amount
of the two payments on the payment dates. MHN will accrue the net amount of the excess, if any, of MHN&#146;s obligations over its entitlements with respect to each interest rate swap on a daily basis and will segregate with a custodian an amount of
cash or liquid high-grade securities having an aggregate NAV at all times at least equal to the accrued excess. If there is a default by the other party to such a transaction, MHN will have contractual remedies pursuant to the agreements related to
the transaction. The swap market has grown substantially in recent years with a large number of banks and investment banking firms acting both as principals and as agents utilizing standardized swap documentation. Caps and floors are more recent
innovations for which standardized documentation has not yet been developed and, accordingly, they are less liquid than swaps. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may
enter into interest rate swap transactions such as MMD Swaps or SIFMA Swaps. To the extent that MHN enters into these transactions, MHN expects to do so primarily to preserve a return or spread on a particular investment or portion of its portfolio
as a duration management technique or to protect against any increase in the price of securities MHN anticipates purchasing at a later date. MHN may enter into these transactions primarily as a hedge or for duration or risk management rather than as
a speculative investment. However, MHN also may invest in MMD Swaps and SIFMA Swaps to seek to enhance return or gain or to increase MHN&#146;s yield, for example, during periods of steep interest rate yield curves (<I>i.e.</I>, wide differences
between short-term and long-term interest rates). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may purchase and sell SIFMA Swaps in the SIFMA swap market. In a SIFMA Swap, MHN
exchanges with another party their respective commitments to pay or receive interest (<I>e.g.</I>, an exchange of fixed rate payments for floating rate payments linked to the SIFMA Municipal Swap Index). Because the underlying index is a <FONT
STYLE="white-space:nowrap">tax-exempt</FONT> index, SIFMA Swaps may reduce cross-market risks incurred by MHN and increase MHN&#146;s ability to hedge effectively. SIFMA Swaps are typically quoted for the entire yield curve, beginning with a <FONT
STYLE="white-space:nowrap">seven-day</FONT> floating rate index out to 30 years. The duration of a SIFMA Swap is approximately equal to the duration of a fixed-rate Municipal Bond with the same attributes as the swap (<I>e.g.</I>, coupon, maturity,
call feature). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may also purchase and sell MMD Swaps, also known as MMD rate locks. An MMD Swap permits MHN to lock in a specified
municipal interest rate for a portion of its portfolio to preserve a return on a particular investment or a portion of its portfolio as a duration management technique or to protect against any increase in the price of securities to be purchased at
a later date. By using an MMD Swap, MHN can create a synthetic long or short position, allowing MHN to select the most attractive part of the yield curve. An MMD Swap is a contract between MHN and an MMD Swap provider pursuant to which the parties
agree to make payments to each other on a notional amount, contingent upon whether the Municipal Market Data AAA General Obligation Scale is above or below a specified level on the expiration date of the contract. For example, if MHN buys an MMD
Swap and the Municipal Market Data AAA General Obligation Scale is below the specified level on the expiration date, the counterparty to the contract will make a payment to MHN equal to the specified level minus the actual level, multiplied by the
notional amount of the contract. If the Municipal Market Data AAA General Obligation Scale is above the specified level on the expiration </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">91 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
date, MHN will make a payment to the counterparty equal to the actual level minus the specified level, multiplied by the notional amount of the contract. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with investments in SIFMA and MMD Swaps, there is a risk that municipal yields will move in the opposite direction than
anticipated by MHN, which would cause MHN to make payments to its counterparty in the transaction that could adversely affect MHN&#146;s performance. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If there is a default by the other party to an uncleared interest rate swap transaction, generally MHN will have contractual remedies pursuant
to the agreements related to the transaction. With respect to interest rate swap transactions cleared through a central clearing counterparty, a clearing organization will be substituted for the counterparty and will guarantee the parties&#146;
performance under the swap agreement. However, there can be no assurances that the clearing organization will satisfy its obligation to MHN or that MHN would be able to recover the full amount of assets deposited on its behalf with the clearing
organization in the event of the default by the clearing organization or MHN&#146;s clearing broker. Certain U.S. federal income tax requirements may limit MHN&#146;s ability to engage in interest rate swaps. Distributions attributable to
transactions in interest rate swaps generally will be taxable as ordinary income to shareholders. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Counterparty Credit Standards</I>.
To the extent that MHN engages in principal transactions, including, but not limited to, OTC options, forward currency transactions, swap transactions, repurchase and reverse repurchase agreements and the purchase and sale of bonds and other
fixed-income securities, it must rely on the creditworthiness of its counterparties under such transactions. In certain instances, the credit risk of a counterparty is increased by the lack of a central clearing house for certain transactions,
including certain swap contracts. In the event of the insolvency of a counterparty, MHN may not be able to recover its assets, in full or at all, during the insolvency process. Counterparties to investments may have no obligation to make markets in
such investments and may have the ability to apply essentially discretionary margin and credit requirements. Similarly, MHN will be subject to the risk of bankruptcy of, or the inability or refusal to perform with respect to such investments by, the
counterparties with which it deals. The Investment Advisor will seek to minimize MHN&#146;s exposure to counterparty risk by entering into such transactions with counterparties the Investment Advisor believes to be creditworthy at the time it enters
into the transaction. Certain option transactions and Strategic Transactions may require MHN to provide collateral to secure its performance obligations under a contract, which would also entail counterparty credit risk. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Investment Policies </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN has
adopted certain other policies as set forth below. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Index and Inverse Securities</I>. MHN may invest in MHN New York Municipal Bonds
and MHN Municipal Bonds yielding a return based on a particular index of value or interest rates. Also, MHN may invest in <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;inverse floating obligations&#148; or &#147;residual interest
bonds&#148; on which the interest rates typically vary inversely with a short-term floating rate (which may be reset periodically by a Dutch auction, a remarketing agent, or by reference to a short-term
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest rate index). MHN may purchase synthetically-created inverse floating obligations evidenced by custodial or trust receipts. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Call Rights</I>. MHN may purchase a New York Municipal Bond or Municipal Bond issuer&#146;s Call Right. A holder of a Call Right may
exercise such right to require a mandatory tender for the purchase of related MHN New York Municipal Bonds or MHN Municipal Bonds, subject to certain conditions. A Call Right that is not exercised prior to maturity of the related New York Municipal
Bond or Municipal Bond will expire without value. The economic effect of holding both the Call Right and the related Municipal Bond is identical to holding a New York Municipal Bond or Municipal Bond as a
<FONT STYLE="white-space:nowrap">non-callable</FONT> security. Certain investments in such obligations may be illiquid. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Repurchase
Agreements</I>. MHN may invest in securities pursuant to repurchase agreements. Repurchase agreements may be entered into only with a member bank of the Federal Reserve System or a primary dealer or an affiliate thereof, in U.S. Government
securities. A repurchase agreement is a contractual agreement whereby the seller of securities agrees to repurchase the same security at a specified price on a future date agreed upon by the parties. The agreed-upon repurchase price determines the
yield during MHN&#146;s holding period. Repurchase agreements are considered to be loans collateralized by the underlying security that is the subject of the repurchase contract. The risk to MHN is limited to the ability of the issuer to pay the
agreed-upon repurchase price on the delivery date; however, although the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">92 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
value of the underlying collateral at the time the transaction is entered into always equals or exceeds the agreed-upon repurchase price, if the value of the collateral declines there is a risk
of loss of both principal and interest. In the event of default, the collateral may be sold but MHN might incur a loss if the value of the collateral declines, and might incur disposition costs or experience delays in connection with liquidating the
collateral. In addition, if bankruptcy proceedings are commenced with respect to the seller of the security, realization upon the collateral by MHN may be delayed or limited. The Investment Advisor will monitor the value of the collateral at the
time the transaction is entered into and throughout the term of the repurchase agreement in an effort to determine that such value always equals or exceeds the agreed-upon repurchase price. In the event the value of the collateral declines below the
repurchase price, the Investment Advisor will demand additional collateral from the issuer to increase the value of the collateral to at least that of the repurchase price, including interest. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In general, for federal income tax purposes, repurchase agreements are treated as collateralized loans secured by the securities
&#147;sold.&#148; Therefore, amounts earned under such agreements will not be considered <FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest. The treatment of purchase and sales contracts is less certain. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Temporary Investments</I>. MHN may invest in short-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> and taxable securities subject
to the limitations set forth above. The <FONT STYLE="white-space:nowrap">tax-exempt</FONT> money market securities may include municipal notes, municipal commercial paper, MHN Municipal Bonds with a remaining maturity of less than one year, variable
rate demand notes and participations therein. Municipal Notes include tax anticipation notes, bond anticipation notes, revenue anticipation notes and grant anticipation notes. Anticipation notes are sold as interim financing in anticipation of tax
collection, bond sales, government grants or revenue receipts. Municipal commercial paper refers to short-term unsecured promissory notes generally issued to finance short-term credit needs. The taxable money market securities in which MHN may
invest as Temporary Investments consist of U.S. Government securities, U.S. Government agency securities, domestic bank or savings institution certificates of deposit and bankers&#146; acceptances, short-term corporate debt securities such as
commercial paper and repurchase agreements. These Temporary Investments must have a stated maturity not in excess of one year from the date of purchase. MHN may not invest in any security issued by a commercial bank or a savings institution unless
the bank or institution is organized and operating in the United States, has total assets of at least one billion dollars and is a member of the FDIC, except that up to 10% of total assets may be invested in certificates of deposit of smaller
institutions if such certificates are fully insured by the FDIC. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Short-term taxable fixed-income investments include, without limitation,
the following: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(1) U.S. Government securities, including bills, notes and bonds differing as to maturity and rates of interest that are
either issued or guaranteed by the U.S. Treasury or by U.S. Government agencies or instrumentalities. U.S. Government securities include securities issued by (a)&nbsp;the Federal Housing Administration, Farmers Home Administration, Export-Import
Bank of the United States, Small Business Administration, and the Government National Mortgage Association, whose securities are supported by the full faith and credit of the United States; (b)&nbsp;the Federal Home Loan Banks, Federal Intermediate
Credit Banks, and the Tennessee Valley Authority, whose securities are supported by the right of the agency to borrow from the U.S. Treasury; (c)&nbsp;the Federal National Mortgage Association, whose securities are supported by the discretionary
authority of the U.S. Government to purchase certain obligations of the agency or instrumentality; and (d)&nbsp;the Student Loan Marketing Association, whose securities are supported only by its credit. While the U.S. Government provides financial
support to such U.S. Government-sponsored agencies or instrumentalities, no assurance can be given that it always will do so since it is not so obligated by law. The U.S. Government, its agencies and instrumentalities do not guarantee the market
value of their securities. Consequently, the value of such securities may fluctuate. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(2) Certificates of deposit issued against funds
deposited in a bank or a savings and loan association. Such certificates are for a definite period of time, earn a specified rate of return, and are normally negotiable. The issuer of a certificate of deposit agrees to pay the amount deposited plus
interest to the bearer of the certificate on the date specified thereon. Certificates of deposit purchased by MHN may not be fully insured by the FDIC. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(3) Repurchase agreements, which involve purchases of debt securities. At the time MHN purchases securities pursuant to a repurchase
agreement, it simultaneously agrees to resell and redeliver such securities to the seller, who also simultaneously agrees to buy back the securities at a fixed price and time. This assures a predetermined yield for MHN during its holding period,
since the resale price is always greater than the purchase price and reflects an agreed-upon market rate. Such actions afford an opportunity for MHN to invest temporarily available cash. MHN may enter
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">93 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
into repurchase agreements only with respect to obligations of the U.S. Government, its agencies or instrumentalities; certificates of deposit; or bankers&#146; acceptances in which MHN may
invest. Repurchase agreements may be considered loans to the seller, collateralized by the underlying securities. The risk to MHN is limited to the ability of the seller to pay the agreed-upon sum on the repurchase date; in the event of default, the
repurchase agreement provides that MHN is entitled to sell the underlying collateral. If the value of the collateral declines after the agreement is entered into, and if the seller defaults under a repurchase agreement when the value of the
underlying collateral is less than the repurchase price, MHN could incur a loss of both principal and interest. The Investment Advisor monitors the value of the collateral at the time the action is entered into and at all times during the term of
the repurchase agreement. The Investment Advisor does so in an effort to determine that the value of the collateral always equals or exceeds the agreed-upon repurchase price to be paid to MHN. If the seller were to be subject to a federal bankruptcy
proceeding, the ability of MHN to liquidate the collateral could be delayed or impaired because of certain provisions of the bankruptcy laws. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(4) Commercial paper, which consists of short-term unsecured promissory notes, including variable rate master demand notes issued by
corporations to finance their current operations. Master demand notes are direct lending arrangements between MHN and a corporation. There is no secondary market for such notes. However, they are redeemable by MHN at any time. The Investment Advisor
will consider the financial condition of the corporation (<I>e.g.</I>, earning power, cash flow and other liquidity ratios) and will continuously monitor the corporation&#146;s ability to meet all of its financial obligations, because MHN&#146;s
liquidity might be impaired if the corporation were unable to pay principal and interest on demand. Investments in commercial paper will be limited to commercial paper rated in the highest categories by a major rating agency and which mature within
one year of the date of purchase or carry a variable or floating rate of interest. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Short-term
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> fixed-income securities are securities that are exempt from regular federal income tax and mature within three years or less from the date of issuance. Short-term
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> fixed-income securities include, without limitation, the following: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(1) BANs are
usually general obligations of state and local governmental issuers which are sold to obtain interim financing for projects that will eventually be funded through the sale of long-term debt obligations or bonds. The ability of an issuer to meet its
obligations on its BANs is primarily dependent on the issuer&#146;s access to the long-term municipal bond market and the likelihood that the proceeds of such bond sales will be used to pay the principal and interest on the BANs. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(2) TANs are issued by state and local governments to finance the current operations of such governments. Repayment is generally to be derived
from specific future tax revenues. TANs are usually general obligations of the issuer. A weakness in an issuer&#146;s capacity to raise taxes due to, among other things, a decline in its tax base or a rise in delinquencies could adversely affect the
issuer&#146;s ability to meet its obligations on outstanding TANs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(3) RANs are issued by governments or governmental bodies with the
expectation that future revenues from a designated source will be used to repay the notes. In general, they also constitute general obligations of the issuer. A decline in the receipt of projected revenues, such as anticipated revenues from another
level of government, could adversely affect an issuer&#146;s ability to meet its obligations on outstanding RANs. In addition, the possibility that the revenues would, when received, be used to meet other obligations could affect the ability of the
issuer to pay the principal and interest on RANs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(4) Construction Loan Notes are issued to provide construction financing for specific
projects. Frequently, these notes are redeemed with funds obtained from the Federal Housing Administration. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(5) Bank Notes are notes
issued by local government bodies and agencies to commercial banks as evidence of borrowings. The purposes for which the notes are issued are varied but they are frequently issued to meet short-term working capital or capital-project needs. These
notes may have risks similar to the risks associated with TANs and RANs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(6) <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT>
Commercial Paper (&#147;municipal paper&#148;) represents very short-term unsecured, negotiable promissory notes, issued by states, municipalities and their agencies. Payment of principal and interest on issues of municipal paper may be made from
various sources, to the extent the funds are available therefrom. Maturities on municipal </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">94 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
paper generally will be shorter than the maturities of TANs, BANs or RANs. There is a limited secondary market for issues of municipal paper. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain municipal bonds may carry variable or floating rates of interest whereby the rate of interest is not fixed but varies with changes in
specified market rates or indices, such as a bank prime rate or <FONT STYLE="white-space:nowrap">tax-exempt</FONT> money market indices. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While the various types of notes described above as a group represent the major portion of the
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> note market, other types of notes are available in the marketplace and MHN may invest in such other types of notes to the extent permitted under its investment objective, policies and limitations.
Such notes may be issued for different purposes and may be secured differently from those mentioned above. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Leverage </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN currently leverages its assets through the use of preferred shares and residual interest municipal TOBs. MHN currently does not intend to
borrow money or issue debt securities. Although it has no present intention to do so, MHN reserves the right to borrow money from banks or other financial institutions, or issue debt securities, in the future if it believes that market conditions
would be conducive to the successful implementation of a leveraging strategy through borrowing money or issuing debt securities. Any such leveraging will not be fully achieved until the proceeds resulting from the use of leverage have been invested
in accordance with MHN&#146;s investment objective and policies. MHN is authorized to borrow money in amounts of up to 5% of the value of its total assets at the time of such borrowings; provided, however, that MHN is authorized to borrow moneys in
amounts of up to 33 1/3% of the value of its total assets at the time of such borrowings to finance the repurchase of its own common shares pursuant to tender offers or otherwise to redeem or repurchase preferred shares. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The use of leverage can create risks. When leverage is employed, the NAV and market price of the common shares and the yield to holders of
common shares will be more volatile than if leverage were not used. Changes in the value of MHN&#146;s portfolio, including securities bought with the proceeds of leverage, will be borne entirely by the holders of common shares. If there is a net
decrease or increase in the value of MHN&#146;s investment portfolio, leverage will decrease or increase, as the case may be, the NAV per common share to a greater extent than if MHN did not utilize leverage. A reduction in MHN&#146;s NAV may cause
a reduction in the market price of its shares. During periods in which MHN is using leverage, the fee paid to the Investment Advisor for advisory services will be higher than if MHN did not use leverage, because the fees paid will be calculated on
the basis of MHN&#146;s Net Assets, which includes the proceeds from leverage. MHN&#146;s leveraging strategy may not be successful. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain types of leverage MHN may use may result in MHN being subject to covenants relating to asset coverage and portfolio composition
requirements. MHN may be subject to certain restrictions on investments imposed by one or more lenders or by guidelines of one or more rating agencies, which may issue ratings for any short-term debt securities or preferred shares issued by MHN. The
terms of any borrowings or rating agency guidelines may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the 1940 Act. The Investment Advisor does not believe that these covenants or
guidelines will impede it from managing MHN&#146;s portfolio in accordance with its investment objective and policies if MHN were to utilize leverage. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under the 1940 Act, MHN is not permitted to issue senior securities if, immediately after the issuance of such senior securities, MHN would
have an asset coverage ratio (as defined in the 1940 Act) of less than 300% with respect to senior securities representing indebtedness (<I>i.e.</I>, for every dollar of indebtedness outstanding, MHN is required to have at least three dollars of
assets) or less than 200% with respect to senior securities representing preferred shares (<I>i.e.</I>, for every dollar of preferred shares outstanding, MHN is required to have at least two dollars of assets). The 1940 Act also provides that MHN
may not declare distributions or purchase its stock (including through tender offers) if, immediately after doing so, it will have an asset coverage ratio of less than 300% or 200%, as applicable. Under the 1940 Act, certain short-term borrowings
(such as for cash management purposes) are not subject to these limitations if (i)&nbsp;repaid within 60 days, (ii)&nbsp;not extended or renewed and (iii)&nbsp;not in excess of 5% of the total assets of MHN. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Preferred Shares</I>. MHN has leveraged its portfolio by issuing preferred shares. Under the 1940 Act, MHN is not permitted to issue
preferred shares if, immediately after such issuance, the liquidation value of MHN&#146;s outstanding preferred shares exceeds 50% of its assets (including the proceeds from the issuance) less liabilities other than borrowings (<I>i.e.</I>, the
value of MHN&#146;s assets must be at least 200% of the liquidation value of its outstanding preferred </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">95 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
shares). In addition, MHN would not be permitted to declare any cash dividend or other distribution on its common shares unless, at the time of such declaration, the value of MHN&#146;s assets
less liabilities other than borrowings is at least 200% of such liquidation value. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For tax purposes, MHN is currently required to
allocate <FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest income, net capital gain and other taxable income, if any, between its common shares and preferred shares outstanding in proportion to total dividends paid to each class for the
year in which or with respect to which <FONT STYLE="white-space:nowrap">tax-exempt</FONT> income, the net capital gain or other taxable income is paid. If net capital gain or other taxable income is allocated to preferred shares, instead of solely <FONT
STYLE="white-space:nowrap">tax-exempt</FONT> income, MHN will likely have to pay higher total dividends to preferred shareholders or make special payments to preferred shareholders to compensate them for the increased tax liability. This would
reduce the total amount of dividends paid to the common shareholders but would increase the portion of the dividend that is tax exempt. If the increase in dividend payments or the special payments to preferred shareholders are not entirely offset by
a reduction in the tax liability of, and an increase in the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> dividends received by, the common shareholders, the advantage of MHN&#146;s leveraged structure to common shareholders will be reduced.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Tender Option Bond Transactions</I>. MHN currently leverages its assets through the use of TOB Residuals, which are derivative
interests in municipal bonds. The TOB Residuals in which MHN will invest pay interest or income that, in the opinion of counsel to the issuer of such TOB Residuals, is exempt from regular U.S. federal income tax. No independent investigation will be
made to confirm the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> status of the interest or income paid by TOB Residuals held by MHN. Although volatile, TOB Residuals typically offer the potential for yields exceeding the yields available on
fixed rate municipal bonds with comparable credit quality. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">TOB Residuals represent beneficial interests in a TOB Trust. A TOB Trust
typically issues two classes of beneficial interests: TOB Floaters, which are sold to third party investors, and TOB Residuals, which are generally issued to the fund(s) that transferred municipal bonds to the TOB Trust. MHN may invest in both TOB
Floaters and TOB Residuals. TOB Floaters may have first priority on the cash flow from the municipal bonds held by the TOB Trust and are enhanced with a liquidity support arrangement from TOBs Liquidity Provider (defined below) which allows holders
to tender their position at par (plus accrued interest). MHN, as a holder of TOB Residuals, is paid the residual cash flow from the TOB Trust after payment of TOB Trust expenses and interest on the TOB Floaters. MHN contributes municipal bonds to
the TOB Trust and is paid the cash received by the TOB Trust from the sale of the TOB Floaters, less certain transaction costs, and typically will invest the cash to purchase additional municipal bonds or other investments permitted by its
investment policies. If MHN ever purchases all or a portion of the TOB Floaters sold by the TOB Trust, it may surrender those TOB Floaters together with a proportionate amount of TOB Residuals to the TOB Trust in exchange for a proportionate amount
of the municipal bonds owned by the TOB Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Other BlackRock-Advised Funds may contribute municipal bonds to a TOB Trust into which MHN
has contributed municipal bonds. If multiple BlackRock-Advised Funds participate in the same TOB Trust, the economic rights and obligations under the TOB Residual will generally be shared among the funds ratably in proportion to their participation
in the TOB Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The municipal bonds transferred to a TOB Trust typically are high grade municipal bonds. In certain cases, when
municipal bonds transferred are lower grade municipal bonds, the TOB Trust transaction includes a credit enhancement feature that provides for the timely payment of principal and interest on the bonds to the TOB Trust by a credit enhancement
provider. The TOB Trust would be responsible for the payment of the credit enhancement fee and MHN, as a TOB Residual holder, would be responsible for reimbursement of any payments of principal and interest made by the credit enhancement provider.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The TOB Residuals held by MHN generally provide MHN with the right to cause the holders of a proportional share of the TOB Floaters to
tender their notes to the TOB Trust at par plus accrued interest. Thereafter, MHN may withdraw a corresponding share of the municipal bonds from the TOB Trust. As a result, a TOB transaction, in effect, creates exposure for MHN to the entire return
of the municipal bonds in the TOB Trust, with a net cash investment by MHN that is less than the value of the municipal bonds in the TOB Trust. This multiplies the positive or negative impact of the municipal bonds&#146; return within MHN (thereby
creating leverage). The leverage within a TOB Trust depends on the value of the municipal bonds deposited in the TOB Trust relative to the value of the TOB Floaters it issues. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">96 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may invest in highly leveraged TOB Residuals. A TOB Residual generally is considered
highly leveraged if the principal amount of the TOB Floaters issued by the related TOB Trust exceeds 75% of the principal amount of the municipal bonds owned by the TOB Trust. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The leverage attributable to MHN&#146;s use of TOB Residuals may be &#147;called away&#148; on relatively short notice and therefore may be
less permanent than more traditional forms of leverage. The TOB Trust may be collapsed without the consent of MHN upon the occurrence of termination events, as defined in the TOB Trust agreements, including if TOB Floaters that are tendered to the
TOBs Liquidity Provider cannot be remarketed. Attempts to remarket tendered securities often failed during volatile market conditions in the past. Upon the occurrence of a termination event, a TOB Trust would be liquidated with the proceeds applied
first to any accrued fees owed to the trustee of the TOB Trust, the remarketing agent of the TOB Floaters and the TOBs Liquidity Provider. Upon certain termination events, the holders of the TOB Floaters would be paid before the TOB Residual holders
(<I>i.e.</I>, MHN) whereas in other termination events, the TOB Floater and TOB Residual holders would be paid pro rata. If the proceeds upon liquidation of a TOB Trust, net of payment of fees, are less than the aggregate amount the TOB Residual and
TOB Floater holders invested in the TOB Trust, MHN as a TOB Residual holder will realize a loss on its investment, particularly if the TOB Floater holders are paid before the TOB Residual holders. The risk of such a loss may be greater during
volatile market conditions when it may be difficult to sell the bonds held by a TOB Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">TOB Trusts are typically supported by a TOBs
Liquidity Provider that allows the holders of the TOB Floaters to tender their TOB Floaters in exchange for payment of par plus accrued interest on any business day (subject to the <FONT STYLE="white-space:nowrap">non-occurrence</FONT> of a
termination event). The tendered TOB Floaters are remarketed by a remarketing agent. In the event of a failed remarketing, the TOB Trust may draw upon a loan from the TOBs Liquidity Provider to purchase the tendered TOB Floaters. Any loans made by
the TOBs Liquidity Provider will be secured by the purchased TOB Floaters held by the TOB Trust and will be subject to an increased interest rate based on number of days the loan is outstanding. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN may invest in a TOB Trust on either a <FONT STYLE="white-space:nowrap">non-recourse</FONT> or recourse basis. When MHN invests in TOB
Trusts on a <FONT STYLE="white-space:nowrap">non-recourse</FONT> basis, and the TOBs Liquidity Provider is required to make a payment under the liquidity facility, the TOBs Liquidity Provider will typically liquidate all or a portion of the
municipal bonds held in the TOB Trust and then fund the balance, if any, of the Liquidation Shortfall. If MHN invests in a TOB Trust on a recourse basis, it will typically enter into a reimbursement agreement with the TOBs Liquidity Provider
pursuant to which MHN is required to reimburse the TOBs Liquidity Provider the amount of any Liquidation Shortfall. As a result, if MHN invests in a recourse TOB Trust, MHN will bear the risk of loss with respect to any Liquidation Shortfall. If
multiple BlackRock-Advised Funds participate in any such TOB Trust, these losses will be shared ratably, in proportion to their participation in the TOB Trust. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under accounting rules, MHN Municipal Bonds of MHN that are deposited into a TOB Trust are investments of MHN and are presented on MHN&#146;s
Schedule of Investments and outstanding TOB Floaters issued by a TOB Trust are presented as liabilities in MHN&#146;s Statement of Assets and Liabilities. Interest income from the underlying MHN Municipal Bonds is recorded by MHN on an accrual
basis. Interest expense incurred on the TOB Floaters and other expenses related to remarketing, administration, trustee and other services to a TOB Trust are reported as expenses of MHN. In addition, under accounting rules, loans made to a TOB Trust
sponsored by MHN may be presented as loans of MHN in MHN&#146;s financial statements even if there is no recourse to MHN&#146;s assets. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For TOB Floaters, generally, the interest rate earned will be based upon the market rates for municipal bonds with maturities or remarketing
provisions that are comparable in duration to the periodic interval of the tender option. Since the tender option feature has a shorter term than the final maturity or first call date of the underlying municipal bonds deposited in the TOB Trust, the
holder of the TOB Floaters relies upon the terms of the agreement with the financial institution furnishing the liquidity facility as well as the credit strength of that institution. The perceived reliability and creditworthiness, of many major
financial institutions, some of which sponsor and/or provide liquidity support to TOB Trusts increases the risk associated with TOB Floaters. This in turn may reduce the desirability of TOB Floaters as investments, which could impair the viability
or availability of TOB Trusts. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act permits MHN to enter into TOB Trust
transactions and similar financing transactions (<I>e.g.</I>, borrowed bonds) notwithstanding the limitation on the issuance of senior securities in Section&nbsp;18 of the 1940 Act, provided that MHN either (i)&nbsp;complies with the 300% asset
coverage ratio applicable to senior securities </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">97 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
representing indebtedness with respect to such transactions and any other borrowings in the aggregate, or (ii)&nbsp;treats such transactions as derivatives transactions under Rule <FONT
STYLE="white-space:nowrap">18f-4.</FONT> Future regulatory requirements or SEC guidance may necessitate more onerous contractual or regulatory requirements, which may increase the costs or reduce the degree of potential economic benefits of TOB
Trust transactions or limit MHN&#146;s ability to enter into or manage TOB Trust transactions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Credit Facility</I>. MHN is permitted
to leverage its portfolio by entering into one or more credit facilities. If MHN enters into a credit facility, MHN may be required to prepay outstanding amounts or incur a penalty rate of interest upon the occurrence of certain events of default.
MHN would also likely have to indemnify the lenders under the credit facility against liabilities they may incur in connection therewith. In addition, MHN expects that any credit facility would contain covenants that, among other things, likely
would limit MHN&#146;s ability to pay distributions in certain circumstances, incur additional debt, change certain of its investment policies and engage in certain transactions, including mergers and consolidations, and require asset coverage
ratios in addition to those required by the 1940 Act. MHN may be required to pledge its assets and to maintain a portion of its assets in cash or high-grade securities as a reserve against interest or principal payments and expenses. MHN expects
that any credit facility would have customary covenant, negative covenant and default provisions. There can be no assurance that MHN will enter into an agreement for a credit facility, or one on terms and conditions representative of the foregoing,
or that additional material terms will not apply. In addition, if entered into, a credit facility may in the future be replaced or refinanced by one or more credit facilities having substantially different terms or by the issuance of preferred
shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Derivatives</I>. MHN may enter into derivative transactions that have leverage embedded in them. Derivative transactions that
MHN may enter into and the risks associated with them are described elsewhere in this Joint Proxy Statement/Prospectus and are also referred to as &#147;Strategic Transactions.&#148; MHN cannot assure you that investments in derivative transactions
that have leverage embedded in them will result in a higher return on its common shares. Under Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act, among other things, MHN must either use derivatives in a limited manner or comply
with an outer limit on fund leverage risk based on <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">value-at-risk.</FONT></FONT> </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Temporary Borrowings</I>. MHN may also borrow money as a temporary measure for extraordinary or emergency purposes, including the payment
of dividends and the settlement of securities transactions which otherwise might require untimely dispositions of Fund securities. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>BNY&#146;s
Investment Objective and Policies </U></B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY&#146;s investment objective is to provide current income exempt from federal income taxes.
BNY&#146;s investment policies provide that, as a matter of fundamental policy, under normal market conditions, BNY will invest at least 80% of its managed assets in investments the income from which is exempt from federal income tax and New York
State and New York City personal income taxes (except that interest may be subject to the alternative minimum tax). For the purposes of the foregoing policy, &#147;managed assets&#148; are BNY&#146;s net assets plus the amount of borrowings for
investment purposes. BNY&#146;s investments in derivatives will be counted toward BNY&#146;s 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors
associated with such securities. BNY may not change its investment objective or the foregoing fundamental policy without the approval of the holders of a majority of BNY&#146;s outstanding common shares and outstanding preferred shares voting
together as a single class, and of the holders of a majority of the outstanding preferred shares voting as a separate class. A majority of the outstanding means (1) 67% or more of the shares present at a meeting, if the holders of more than 50% of
the outstanding shares are present or represented by proxy, or (2)&nbsp;more than 50% of the outstanding shares, whichever is less. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY&#146;s investment policies provide that, under normal market conditions, BNY will invest at least 80% of its managed assets in investment
grade quality municipal bonds. Investment grade quality means that such bonds are rated, at the time of investment, within the four highest rating categories of Moody&#146;s (currently Aaa, Aa, A and Baa), S&amp;P (currently AAA, AA, A and BBB) or
Fitch (currently AAA, AA, A and BBB) or are unrated but judged to be of comparable quality by Investment Advisor. Municipal bonds rated Baa by Moody&#146;s are investment grade, but Moody&#146;s considers municipal bonds rated Baa to have
speculative characteristics. Changes in economic conditions or other circumstances are more likely to lead to a weakened capacity for issuers of municipal bonds that are rated BBB or Baa (or that have equivalent ratings) to make principal and
interest payments than is the case for issuers of higher grade municipal bonds. In the case of short-term notes, the investment grade rating categories are <FONT STYLE="white-space:nowrap">SP-1+</FONT> through
SP-</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">98 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
2 for S&amp;P, <FONT STYLE="white-space:nowrap">MIG-1</FONT> through <FONT STYLE="white-space:nowrap">MIG-3</FONT> for Moody&#146;s and <FONT STYLE="white-space:nowrap">F-1+</FONT> through <FONT
STYLE="white-space:nowrap">F-3</FONT> for Fitch. In the case of <FONT STYLE="white-space:nowrap">tax-exempt</FONT> commercial paper, the investment grade rating categories are <FONT STYLE="white-space:nowrap">A-1+</FONT> through <FONT
STYLE="white-space:nowrap">A-3</FONT> for S&amp;P, <FONT STYLE="white-space:nowrap">Prime-1</FONT> through <FONT STYLE="white-space:nowrap">Prime-3</FONT> for Moody&#146;s and <FONT STYLE="white-space:nowrap">F-1+</FONT> through <FONT
STYLE="white-space:nowrap">F-3</FONT> for Fitch. Obligations ranked in the lowest investment grade rating category (BBB, <FONT STYLE="white-space:nowrap">SP-2</FONT> and <FONT STYLE="white-space:nowrap">A-3</FONT> for S&amp;P; Baa, <FONT
STYLE="white-space:nowrap">MIG-3</FONT> and <FONT STYLE="white-space:nowrap">Prime-3</FONT> for Moody&#146;s and BBB and <FONT STYLE="white-space:nowrap">F-3</FONT> for Fitch), while considered &#147;investment grade,&#148; may have certain
speculative characteristics. There may be <FONT STYLE="white-space:nowrap">sub-categories</FONT> or gradations indicating relative standing within the rating categories set forth above. In assessing the quality of municipal bonds with respect to the
foregoing requirements, the Investment Advisor takes into account the nature of any letters of credit or similar credit enhancement to which particular municipal bonds are entitled and the creditworthiness of the financial institution that provided
such credit enhancement. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY may invest up to 20% of its total assets in municipal bonds that are rated, at the time of investment, Ba/BB
or B by Moody&#146;s, S&amp;P or Fitch or that are unrated but judged to be of comparable quality by the Investment Advisor. Such securities are sometimes referred to as &#147;high yield&#148; or &#147;junk&#148; bonds. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The foregoing credit quality policies apply only at the time a security is purchased, and BNY is not required to dispose of a security if a
rating agency downgrades its assessment of the credit characteristics of a particular issue. In determining whether to retain or sell a security that a rating agency has downgraded, the Investment Advisor may consider such factors as the Investment
Advisor&#146;s assessment of the credit quality of the issuer of the security, the price at which the security could be sold and the rating, if any, assigned to the security by other rating agencies. In the event that BNY disposes of a portfolio
security subsequent to its being downgraded, BNY may experience a greater risk of loss than if such security had been sold prior to such downgrade. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Subject to BNY&#146;s policy of investing, under normal market conditions, at least 80% of its managed assets (as defined for this policy) in
investments the income from which is exempt from federal income tax and New York City and New York State personal income taxes, BNY may invest in securities that pay interest that is not exempt from New York City and New York State personal income
taxes when, in the judgment of the Investment Advisor, the return to the shareholders after payment of applicable New York City and New York State personal income taxes would be higher than the return available from comparable securities that pay
interest that is, or make other distributions that are, exempt from New York City and New York State personal income taxes. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY may also
invest in securities of other open- or <FONT STYLE="white-space:nowrap">closed-end</FONT> investment companies that invest primarily in municipal bonds of the types in which BNY may invest directly and in
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> preferred shares that pay dividends that are exempt from regular federal income tax. See &#147;BNY&#146;s Investment Objective and Policies&#151;Other Investment Companies,&#148; and
&#147;BNY&#146;s Investment Objective and <FONT STYLE="white-space:nowrap">Policies&#151;Tax-Exempt</FONT> Preferred Securities.&#148; In addition, BNY may purchase municipal bonds that are additionally secured by insurance, bank credit agreements
or escrow accounts. The credit quality of companies which provide these credit enhancements will affect the value of those securities. Although the insurance feature reduces certain financial risks, the premiums for insurance and the higher market
price paid for insured obligations may reduce BNY&#146;s income. The insurance feature does not guarantee the market value of the insured obligations or the NAV of the common shares. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY may invest in certain <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities classified as &#147;private activity bonds&#148; (or
industrial development bonds, under <FONT STYLE="white-space:nowrap">pre-1986</FONT> law) (in general, bonds that benefit <FONT STYLE="white-space:nowrap">non-governmental</FONT> entities) that may subject certain investors in BNY to an alternative
minimum tax. The percentage of BNY&#146;s total assets invested in private activity bonds will vary from time to time. BNY has not established any limit on the percentage of its portfolio that may be invested in municipal bonds subject to the
alternative minimum tax provisions of federal tax law, and BNY expects that a portion of the income it produces will be includable in alternative minimum taxable income. The average maturity of BNY&#146;s portfolio securities varies from time to
time based upon an assessment of economic and market conditions by the Investment Advisor. BNY&#146;s portfolio at any given time may include both long-term and intermediate-term municipal bonds. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY&#146;s stated expectation is that it will invest in municipal bonds that, in the Investment Advisor&#146;s opinion, are underrated or
undervalued. Underrated municipal bonds are those whose ratings do not, in the opinion of the Investment Advisor, reflect their true higher creditworthiness. Undervalued municipal bonds are bonds that, in the opinion of the Investment Advisor, are
worth more than the value assigned to them in the marketplace. The Investment Advisor may at times believe that bonds associated with a particular municipal market sector (for example, but not limited to electric utilities), or issued by a
particular municipal issuer, are undervalued. The Investment Advisor may </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">99 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
purchase those bonds for BNY&#146;s portfolio because they represent a market sector or issuer that the Investment Advisor considers undervalued, even if the value of those particular bonds
appears to be consistent with the value of similar bonds. Municipal bonds of particular types (for example, but not limited to hospital bonds, industrial revenue bonds or bonds issued by a particular municipal issuer) may be undervalued because
there is a temporary excess of supply in that market sector, or because of a general decline in the market price of municipal bonds of the market sector for reasons that do not apply to the particular municipal bonds that are considered undervalued.
BNY&#146;s investment in underrated or undervalued municipal bonds will be based on the Investment Advisor&#146;s belief that their yield is higher than that available on bonds bearing equivalent levels of interest rate risk, credit risk and other
forms of risk, and that their prices will ultimately rise, relative to the market, to reflect their true value. Any capital appreciation realized by BNY will generally result in capital gain distributions subject to federal capital gains taxation.
BNY ordinarily does not intend to realize significant investment income not exempt from federal income tax. From time to time, BNY may realize taxable capital gains. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Municipal Bonds </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Set
forth below is a detailed description of the municipal bonds in which BNY invests. Information with respect to ratings assigned to <FONT STYLE="white-space:nowrap">tax-exempt</FONT> obligations that BNY may purchase is set forth in Appendix A
&#150;&#147;Description of Bond Ratings&#148; in the Statement of Additional Information. Obligations are included within the term municipal bonds if the interest paid thereon is excluded from gross income for federal income tax purposes in the
opinion of bond counsel to the issuer. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Municipal bonds include debt obligations issued to obtain funds for various public purposes,
including the construction of a wide range of public facilities, refunding of outstanding obligations and obtaining funds for general operating expenses and loans to other public institutions and facilities. In addition, certain types of PABs are
issued by or on behalf of public authorities to finance various privately owned or operated facilities, including among other things, airports, public ports, mass commuting facilities, multi-family housing projects, as well as facilities for water
supply, gas, electricity, sewage or solid waste disposal and other specialized facilities. Other types of PABs, the proceeds of which are used for the construction, equipment or improvement of privately operated industrial or commercial facilities,
may constitute municipal bonds. The interest on municipal bonds may bear a fixed rate or be payable at a variable or floating rate. The two principal classifications of municipal bonds are &#147;general obligation&#148; bonds and &#147;revenue&#148;
bonds, which latter category includes PABs and, for bonds issued on or before August&nbsp;15, 1986, industrial development bonds. Municipal bonds typically are issued to finance public projects, such as roads or public buildings, to pay general
operating expenses or to refinance outstanding debt. Municipal bonds may also be issued for private activities, such as housing, medical and educational facility construction, or for privately owned industrial development and pollution control
projects. General obligation bonds are backed by the full faith and credit, or taxing authority, of the issuer and may be repaid from any revenue source. Revenue bonds may be repaid only from the revenues of a specific facility or source. Municipal
bonds may be issued on a long-term basis to provide permanent financing. The repayment of such debt may be secured generally by a pledge of the full faith and credit taxing power of the issuer, a limited or special tax, or any other revenue source,
including project revenues, which may include tolls, fees and other user charges, lease payments and mortgage payments. Municipal bonds may also be issued to finance projects on a short-term interim basis, anticipating repayment with the proceeds of
the later issuance of long-term debt. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The municipal bonds in which BNY invests are generally issued by the State of New York, political
subdivisions of the State of New York, and authorities or other intermediaries of the State of New York and such political subdivisions and pay interest that, in the opinion of bond counsel to the issuer, or on the basis of another authority
believed by the Investment Advisor to be reliable, is exempt from regular federal income tax and New York City and New York State personal income taxes. The Investment Advisor does not conduct its own analysis of the tax status of the interest paid
by municipal bonds held by BNY. BNY may also invest in municipal bonds issued by United States Territories (such as Puerto Rico or Guam) that are exempt from regular federal income tax and New York City and New York State personal income taxes. In
addition to the types of municipal bonds described herein, BNY may invest in other securities that pay interest that is, or make other distributions that are, exempt from regular federal income tax and/or state and local personal taxes, regardless
of the technical structure of the issuer of the instrument. BNY treats all of such <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities as municipal bonds. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">100 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The yields on municipal bonds are dependent on a variety of factors, including prevailing
interest rates and the condition of the general money market and the municipal bond market, the size of a particular offering, the maturity of the obligation and the rating of the issue. The market value of municipal bonds will vary with changes in
interest rate levels and as a result of changing evaluations of the ability of bond issuers to meet interest and principal payments. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY
has not established any limit on the percentage of its portfolio that may be invested in PABs. BNY may not be a suitable investment for investors who are already subject to the federal alternative minimum tax or who would become subject to the
federal alternative minimum tax as a result of an investment in BNY&#146;s common shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>General Obligation Bonds</I>. General
obligation bonds are typically secured by the issuer&#146;s pledge of its faith, credit and taxing power for the repayment of principal and the payment of interest. The taxing power of any governmental entity may be limited, however, by provisions
of its state constitution or laws, and an entity&#146;s creditworthiness will depend on many factors, including potential erosion of its tax base due to population declines, natural disasters, declines in the state&#146;s industrial base or
inability to attract new industries, economic limits on the ability to tax without eroding the tax base, state legislative proposals or voter initiatives to limit ad valorem real property taxes and the extent to which the entity relies on federal or
state aid, access to capital markets or other factors beyond the state&#146;s or entity&#146;s control. Accordingly, the capacity of the issuer of a general obligation bond as to the timely payment of interest and the repayment of principal when due
is affected by the issuer&#146;s maintenance of its tax base. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Revenue Bonds</I>. Revenue or special obligation bonds are typically
payable only from the revenues derived from a particular facility or class of facilities or, in some cases, from the proceeds of a special excise tax or other specific revenue sources such as payments from the user of the facility being financed.
Accordingly, the timely payment of interest and the repayment of principal in accordance with the terms of the revenue or special obligation bond is a function of the economic viability of such facility or such revenue source. Revenue bonds issued
by state or local agencies to finance the development of <FONT STYLE="white-space:nowrap">low-income,</FONT> multi-family housing involve special risks in addition to those associated with municipal securities generally, including that the
underlying properties may not generate sufficient income to pay expenses and interest costs. Such bonds are generally <FONT STYLE="white-space:nowrap">non-recourse</FONT> against the property owner, may be junior to the rights of others with an
interest in the properties, may pay interest that changes based in part on the financial performance of the property, may be prepayable without penalty and may be used to finance the construction of housing developments which, until completed and
rented, do not generate income to pay interest. Increases in interest rates payable on senior obligations may make it more difficult for issuers to meet payment obligations on subordinated bonds. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Notes</I>. Municipal notes are shorter term municipal debt obligations. They may provide interim financing in anticipation of tax
collection, bond sales or revenue receipts. If there is a shortfall in the anticipated proceeds, repayment on the note may be delayed or the note may not be fully repaid, and BNY may lose money. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Commercial Paper</I>. Municipal commercial paper is generally unsecured and issued to meet short-term financing needs. The lack
of security presents some risk of loss to BNY since, in the event of an issuer&#146;s bankruptcy, unsecured creditors are repaid only after the secured creditors out of the assets, if any, that remain. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Moral Obligation Bonds</I>. Municipal bonds may also include &#147;moral obligation&#148; bonds, which are normally issued by special
purpose public authorities. If an issuer of moral obligation bonds is unable to meet its obligations, the repayment of such bonds becomes a moral commitment but not a legal obligation of the state or municipality in question. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Lease Obligations</I>. Also included within the general category of municipal bonds are COPs issued by government authorities or
entities to finance the acquisition or construction of equipment, land and/or facilities. COPs represent participations in a lease, an installment purchase contract or a conditional sales contract (hereinafter collectively called &#147;lease
obligations&#148;) relating to such equipment, land or facilities. Municipal leases, like other municipal debt obligations, are subject to the risk of <FONT STYLE="white-space:nowrap">non-payment.</FONT> Although lease obligations do not constitute
general obligations of the issuer for which the issuer&#146;s unlimited taxing power is pledged, a lease obligation is frequently backed by the issuer&#146;s covenant to budget for, appropriate and make the payments due under the lease obligation.
However, certain lease obligations contain <FONT STYLE="white-space:nowrap">&#147;non-appropriation&#148;</FONT> clauses which provide that the issuer has no obligation to make lease or installment purchase payments in future years unless money is
appropriated for such purpose on a yearly basis. Although <FONT STYLE="white-space:nowrap">&#147;non-appropriation&#148;</FONT> lease obligations are secured by the leased property, disposition of the
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">101 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
property in the event of foreclosure might prove difficult and the value of the property may be insufficient to pay lease obligations. Certain investments in lease obligations may be illiquid.
The ability of issuers of municipal leases to make timely lease payments may be adversely impacted in general economic downturns and as relative governmental cost burdens are allocated and reallocated among federal, state and local governmental
units. Such <FONT STYLE="white-space:nowrap">non-payment</FONT> would result in a reduction of income to BNY, and could result in a reduction in the value of the municipal lease experiencing <FONT STYLE="white-space:nowrap">non-payment</FONT> and a
potential decrease in the NAV of BNY. Issuers of municipal lease obligations might seek protection under the bankruptcy laws. In the event of bankruptcy of such an issuer, BNY could experience delays and limitations with respect to the collection of
principal and interest on such municipal leases and BNY may not, in all circumstances, be able to collect all principal and interest to which it is entitled. To enforce its rights in the event of a default in lease payments, BNY might take
possession of and manage the assets securing the issuer&#146;s obligations on such securities, which may increase BNY&#146;s operating expenses and adversely affect the NAV of BNY. When the lease contains a
<FONT STYLE="white-space:nowrap">non-appropriation</FONT> clause, however, the failure to pay would not be a default and BNY would not have the right to take possession of the assets. Any income derived from BNY&#146;s ownership or operation of such
assets may not be <FONT STYLE="white-space:nowrap">tax-exempt</FONT> or may fail to generate qualifying income for purposes of the income tests applicable to regulated investment companies. In addition, BNY&#146;s intention to qualify as a regulated
investment company under the Code, may limit the extent to which BNY may exercise its rights by taking possession of such assets, because as a regulated investment company BNY is subject to certain limitations on its investments and on the nature of
its income. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Zero-Coupon Bonds</I>. Municipal bonds may include <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. Zero-coupon
bonds are securities that are sold at a discount to par value and do not pay interest during the life of the security. The discount approximates the total amount of interest the security will accrue and compound over the period until maturity at a
rate of interest reflecting the market rate of the security at the time of issuance. Upon maturity, the holder of a <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bond is entitled to receive the par value of the security. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While interest payments are not made on such securities, holders of such securities are deemed to have received income annually,
notwithstanding that cash may not be received currently. The effect of owning instruments that do not make current interest payments is that a fixed yield is earned not only on the original investment but also, in effect, on all discount accretion
during the life of the obligations. This implicit reinvestment of earnings at a fixed rate eliminates the risk of being unable to invest distributions at a rate as high as the implicit yield on the <FONT STYLE="white-space:nowrap">zero-coupon</FONT>
bond, but at the same time eliminates the holder&#146;s ability to reinvest at higher rates in the future. For this reason, some of these securities may be subject to substantially greater price fluctuations during periods of changing market
interest rates than are comparable securities that pay interest currently. Longer term <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds are more exposed to interest rate risk than shorter term
<FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. These investments benefit the issuer by mitigating its need for cash to meet debt service, but also require a higher rate of return to attract investors who are willing to defer receipt of
cash. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY accrues income with respect to these securities for U.S. federal income tax and accounting purposes prior to the receipt of
cash payments. Zero-coupon bonds may be subject to greater fluctuation in value and less liquidity in the event of adverse market conditions than comparably rated securities that pay cash interest at regular intervals. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Further, to maintain its qualification for pass-through treatment under the federal tax laws, BNY is required to distribute income to its
shareholders and, consequently, may have to dispose of other, more liquid portfolio securities under disadvantageous circumstances or may have to leverage itself by borrowing in order to generate the cash to satisfy these distributions. The required
distributions may result in an increase in BNY&#146;s exposure to <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition
to the above-described risks, there are certain other risks related to investing in <FONT STYLE="white-space:nowrap">zero-coupon</FONT> bonds. During a period of severe market conditions, the market for such securities may become even less liquid.
In addition, as these securities do not pay cash interest, BNY&#146;s investment exposure to these securities and their risks, including credit risk, will increase during the time these securities are held in BNY&#146;s portfolio. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><FONT STYLE="white-space:nowrap">Pre-Refunded</FONT> Municipal Securities</I>. The principal of, and interest on, <FONT
STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities are no longer paid from the original revenue source for the securities. Instead, the source of such payments is typically an escrow fund consisting of U.S. Government securities.
The assets in the escrow fund are derived from the proceeds of refunding bonds issued by the same issuer as the <FONT STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities. Issuers of municipal securities use this advance refunding
technique to obtain more favorable terms with respect to securities that are not yet subject to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">102 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
call or redemption by the issuer. For example, advance refunding enables an issuer to refinance debt at lower market interest rates, restructure debt to improve cash flow or eliminate restrictive
covenants in the indenture or other governing instrument for the <FONT STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">However, except for a change in the revenue source from which principal and interest payments are made, the
<FONT STYLE="white-space:nowrap">pre-refunded</FONT> municipal securities remain outstanding on their original terms until they mature or are redeemed by the issuer. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>PABs</I>. PABs, formerly referred to as industrial development bonds, are issued by, or on behalf of, states, municipalities or public
authorities to obtain funds to provide privately operated housing facilities, airport, mass transit or port facilities, sewage disposal, solid waste disposal or hazardous waste treatment or disposal facilities and certain local facilities for water
supply, gas or electricity. Other types of PABs, the proceeds of which are used for the construction, equipment, repair or improvement of privately operated industrial or commercial facilities, may constitute municipal bonds, although the federal
tax laws may place substantial limitations on the size of such issues. Such bonds are secured primarily by revenues derived from loan repayments or lease payments due from the entity which may or may not be guaranteed by a parent company or
otherwise secured. PABs generally are not secured by a pledge of the taxing power of the issuer of such bonds. Therefore, an investor should be aware that repayment of such bonds generally depends on the revenues of a private entity and be aware of
the risks that such an investment may entail. The continued ability of an entity to generate sufficient revenues for the payment of principal and interest on such bonds will be affected by many factors including the size of the entity, capital
structure, demand for its products or services, competition, general economic conditions, government regulation and the entity&#146;s dependence on revenues for the operation of the particular facility being financed. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Special Taxing Districts</I>. Special taxing districts are organized to plan and finance infrastructure developments to induce residential,
commercial and industrial growth and redevelopment. The bond financing methods such as tax increment finance, tax assessment, special services district and Mello-Roos bonds (a type of municipal security established by the Mello-Roos Community
Facilities Act of 1982), are generally payable solely from taxes or other revenues attributable to the specific projects financed by the bonds without recourse to the credit or taxing power of related or overlapping municipalities. They often are
exposed to real estate development-related risks and can have more taxpayer concentration risk than general <FONT STYLE="white-space:nowrap">tax-supported</FONT> bonds, such as general obligation bonds. Further, the fees, special taxes, or tax
allocations and other revenues that are established to secure such financings are generally limited as to the rate or amount that may be levied or assessed and are not subject to increase pursuant to rate covenants or municipal or corporate
guarantees. The bonds could default if development failed to progress as anticipated or if larger taxpayers failed to pay the assessments, fees and taxes as provided in the financing plans of the districts. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Variable Rate Demand Obligations</I>. Municipal bonds may include VRDOs, which are <FONT STYLE="white-space:nowrap">tax-exempt</FONT>
obligations that contain a floating or variable interest rate adjustment formula and right of demand on the part of the holder thereof to receive payment of the unpaid principal balance plus accrued interest upon a short notice period not to exceed
seven days. There is, however, the possibility that because of default or insolvency the demand feature of VRDOs may not be honored. The interest rates are adjustable at intervals (ranging from daily to up to one year) to some prevailing market rate
for similar investments, such adjustment formula being calculated to maintain the market value of the VRDOs, at approximately the par value of the VRDOs on the adjustment date. The adjustments typically are based upon SIFMA Municipal Swap Index or
some other appropriate interest rate adjustment index. BNY may invest in all types of <FONT STYLE="white-space:nowrap">tax-exempt</FONT> instruments currently outstanding or to be issued in the future which satisfy its short-term maturity and
quality standards. VRDOs that contain an unconditional right of demand to receive payment of the unpaid principal balance plus accrued interest on a notice period exceeding seven days may be deemed to be illiquid securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Indexed and Inverse Floating Rate Securities</I>. BNY may invest in municipal bonds (and
<FONT STYLE="white-space:nowrap">non-municipal</FONT> <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities) that yield a return based on a particular index of value or interest rates. For example, BNY may invest in municipal bonds that pay
interest based on an index of municipal bond interest rates. The principal amount payable upon maturity of certain municipal bonds also may be based on the value of the index. To the extent BNY invests in these types of municipal bonds, BNY&#146;s
return on such municipal bonds will be subject to risk with respect to the value of the particular index. Interest and principal payable on the municipal bonds may also be based on relative changes among particular indices. Also, BNY may invest in <FONT
STYLE="white-space:nowrap">so-called</FONT> &#147;inverse floating rate bonds&#148; or &#147;residual interest bonds&#148; on which the interest rates vary inversely with a short-term floating rate (which may be reset periodically by a Dutch
auction, a remarketing agent, or by reference to a short-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest rate index). BNY may purchase </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">103 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
synthetically created inverse floating rate bonds evidenced by custodial or trust receipts. Generally, income on inverse floating rate bonds will decrease when short-term interest rates increase,
and will increase when short-term interest rates decrease. Such securities have the effect of providing a degree of investment leverage, since they may increase or decrease in value in response to changes, as an illustration, in market interest
rates at a rate which is a multiple (typically two) of the rate at which fixed rate long-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities increase or decrease in response to such changes. As a result, the market values of such
securities will generally be more volatile than the market values of fixed rate <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities. To seek to limit the volatility of these securities, BNY may purchase inverse floating rate bonds with
shorter-term maturities or limitations on the extent to which the interest rate may vary. Certain investments in such obligations may be illiquid. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>When-Issued Securities, Delayed Delivery Securities and Forward Commitments</I>. BNY may purchase or sell securities that it is entitled to
receive on a when-issued basis. BNY may also purchase or sell securities on a delayed delivery basis. BNY may also purchase or sell securities through a forward commitment. These transactions involve the purchase or sale of securities by BNY at an
established price with payment and delivery taking place in the future. The purchase will be recorded on the date BNY enters into the commitment and the value of the securities will thereafter be reflected in BNY&#146;s NAV. BNY has not established
any limit on the percentage of its assets that may be committed in connection with these transactions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There can be no assurance that a
security purchased on a when-issued basis will be issued or that a security purchased or sold through a forward commitment will be delivered. A default by a counterparty may result in BNY missing the opportunity of obtaining a price considered to be
advantageous. The value of securities in these transactions on the delivery date may be more or less than BNY&#146;s purchase price. BNY may bear the risk of a decline in the value of the security in these transactions and may not benefit from an
appreciation in the value of the security during the commitment period. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If deemed advisable as a matter of investment strategy, BNY may
dispose of or renegotiate a commitment after it has been entered into, and may sell securities it has committed to purchase before those securities are delivered to BNY on the settlement date. In these cases, BNY may realize a taxable capital gain
or loss. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When BNY engages in when-issued, delayed delivery or forward commitment transactions, it relies on the other party to consummate
the trade. Failure of such party to do so may result in BNY&#146;s incurring a loss or missing an opportunity to obtain a price considered to be advantageous. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The market value of the securities underlying a commitment to purchase securities, and any subsequent fluctuations in their market value, is
taken into account when determining the market value of BNY starting on the day BNY agrees to purchase the securities. BNY does not earn interest on the securities it has committed to purchase until they are paid for and delivered on the settlement
date. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act permits BNY to enter into when-issued or forward-settling
securities (<I>e.g.</I>, firm and standby commitments, including TBA commitments, and dollar rolls) and <FONT STYLE="white-space:nowrap">non-standard</FONT> settlement cycle securities notwithstanding the limitation on the issuance of senior
securities in Section&nbsp;18 of the 1940 Act, provided that the transaction meets the Delayed-Settlement Securities Provision. If a when-issued, forward-settling or <FONT STYLE="white-space:nowrap">non-standard</FONT> settlement cycle security does
not satisfy the Delayed-Settlement Securities Provision, then it is treated as a derivatives transaction under Rule <FONT STYLE="white-space:nowrap">18f-4.</FONT> </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Yields</I>. Yields on municipal bonds are dependent on a variety of factors, including the general condition of the money market and of the
municipal bond market, the size of a particular offering, the financial condition of the issuer, the maturity of the obligation and the rating of the issue. The ability of BNY to achieve its investment objective is also dependent on the continuing
ability of the issuers of the securities in which BNY invests to meet their obligations for the payment of interest and principal when due. There are variations in the risks involved in holding municipal bonds, both within a particular
classification and between classifications, depending on numerous factors. Furthermore, the rights of owners of municipal bonds and the obligations of the issuer of such municipal bonds may be subject to applicable bankruptcy, insolvency and similar
laws and court decisions affecting the rights of creditors generally and to general equitable principles, which may limit the enforcement of certain remedies. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">104 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>&#147;High Yield&#148; or &#147;Junk&#148; Bonds</I>. BNY may invest up to 20% of its
managed assets in securities that are rated below investment grade, or are considered by BlackRock to be of comparable quality, at the time of purchase, subject to BNY&#146;s other investment policies. Information with respect to ratings assigned to
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> obligations that BNY may purchase is set forth in Appendix A&#151;&#147;Description of Bond Ratings&#148; in the Statement of Additional Information. Municipal bonds of below investment grade
quality (&#147;Ba/BB&#148; or below) are commonly known as &#147;junk bonds.&#148; Securities rated below investment grade are judged to have speculative characteristics with respect to their interest and principal payments. Such securities may face
major ongoing uncertainties or exposure to adverse business, financial or economic conditions which could lead to inadequate capacity to meet timely interest and principal payments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Other Investment Companies</I>. BNY may invest up to 10% of its total assets in securities of other open- or
<FONT STYLE="white-space:nowrap">closed-end</FONT> investment companies (including ETFs and BDCs), subject to applicable regulatory limits, that invest primarily in municipal bonds of the types in which BNY may invest directly. BNY generally expects
to invest in other investment companies either during periods when it has large amounts of uninvested cash, such as the period shortly after BNY receives the proceeds of this offering of the common shares or the sale of a portion of its municipal
bonds, or during periods when there is a shortage of attractive, high-yielding municipal bonds available in the market. As a shareholder in an investment company, BNY will bear its ratable share of that investment company&#146;s expenses, and will
remain subject to payment of BNY&#146;s advisory and other fees and expenses with respect to assets so invested. Holders of common shares will therefore be subject to duplicative expenses to the extent BNY invests in other investment companies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Advisor will take expenses into account when evaluating the investment merits of an investment in an investment company
relative to available municipal bond investments. In addition, the securities of other investment companies may also be leveraged and will therefore be subject to the same leverage risks to which BNY may be subject to the extent it employs a
leverage strategy. BNY treats its investment in open- or <FONT STYLE="white-space:nowrap">closed-end</FONT> municipal investment companies as investments in municipal bonds for purposes of determining compliance with its policy of investing at least
80% of its total assets in municipal bonds, municipal securities and derivative instruments with exposure to such bonds and securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY may invest in ETFs, which are investment companies that typically aim to track or replicate a desired index, such as a sector, market or
global segment. ETFs are typically passively managed and their shares are traded on a national exchange or The NASDAQ Stock Market, Inc. ETFs do not sell individual shares directly to investors and only issue their shares in large blocks known as
&#147;creation units.&#148; The investor purchasing a creation unit may sell the individual shares on a secondary market. Therefore, the liquidity of ETFs depends on the adequacy of the secondary market. There can be no assurance that an ETF&#146;s
investment objective will be achieved, as ETFs based on an index may not replicate and maintain exactly the composition and relative weightings of securities in the index. ETFs are subject to the risks of investing in the underlying securities. BNY,
as a holder of the securities of the ETF, will bear its pro rata portion of the ETF&#146;s expenses, including advisory fees. These expenses are in addition to the direct expenses of BNY&#146;s own operations </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Preferred Securities</I>. BNY may also invest up to 10% of its total assets in preferred
interests of other investment funds that pay dividends that are exempt from federal income tax. A portion of such dividends may be capital gains distributions subject to federal capital gain tax. Such funds in turn invest in municipal bonds and
other assets that pay interest or make distributions that are exempt from federal income tax, such as revenue bonds issued by state or local agencies to fund the development of <FONT STYLE="white-space:nowrap">low-income,</FONT> multi-family
housing. Investing in such <FONT STYLE="white-space:nowrap">tax-exempt</FONT> preferred shares involves many of the same issues as investing in other investment companies. These investments also have additional risks, including liquidity risk, the
absence of regulation governing investment practices, capital structure and leverage, affiliated transactions and other matters, and concentration of investments in particular issuers or industries. Revenue bonds issued by state or local agencies to
finance the development of <FONT STYLE="white-space:nowrap">low-income,</FONT> multi-family housing involve special risks in addition to those associated with municipal bonds generally, including that the underlying properties may not generate
sufficient income to pay expenses and interest costs. Such bonds are generally <FONT STYLE="white-space:nowrap">non-recourse</FONT> against the property owner, may be junior to the rights of others with an interest in the properties, may pay
interest that changes based in part on the financial performance of the property, may be prepayable without penalty and may be used to finance the construction of housing developments which, until completed and rented, do not generate income to pay
interest. Increases in interest rates payable on senior obligations may make it more difficult </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">105 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
for issuers to meet payment obligations on subordinated bonds. BNY treats investments in <FONT STYLE="white-space:nowrap">tax-exempt</FONT> preferred shares as investments in municipal bonds.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Temporary Investments </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">During
temporary defensive periods (<I>e.g.</I>, times when, in the Investment Advisor&#146;s opinion, temporary imbalances of supply and demand or other temporary dislocations in the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> bond market adversely
affect the price at which long-term or intermediate-term municipal bonds are available), and in order to keep cash on hand fully invested, BNY may invest up to 100% of its net assets in liquid, short-term investments including high quality,
short-term securities which may be either <FONT STYLE="white-space:nowrap">tax-exempt</FONT> or taxable and securities of other open- or <FONT STYLE="white-space:nowrap">closed-end</FONT> investment companies that invest primarily in municipal bonds
of the type in which BNY may invest directly. BNY intends to invest in taxable short-term investments only in the event that suitable <FONT STYLE="white-space:nowrap">tax-exempt</FONT> temporary investments are not available at reasonable prices and
yields. BNY&#146;s investment policies provide that it will invest only in taxable temporary investments which are U.S. government securities or securities rated within the highest grade by Moody&#146;s, S&amp;P or Fitch, and which mature within one
year from the date of purchase or carry a variable or floating rate of interest (such short-term obligations being referred to herein as &#147;Temporary Investments&#148;). Temporary Investments of BNY may include certificates of deposit issued by
U.S. banks with assets of at least $1&nbsp;billion, commercial paper or corporate notes, bonds or debentures with a remaining maturity of one year or less, or repurchase agreements. To the extent BNY invests in Temporary Investments, BNY will not at
such times be in a position to achieve its investment objective of <FONT STYLE="white-space:nowrap">tax-</FONT> exempt income. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Short-term
taxable fixed-income investments include, without limitation, the following: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(1) U.S. Government securities, including bills, notes and
bonds differing as to maturity and rates of interest that are either issued or guaranteed by the U.S. Treasury or by U.S. Government agencies or instrumentalities. U.S. Government securities include securities issued by (a)&nbsp;the Federal Housing
Administration, Farmers Home Administration, Export-Import Bank of the United States, Small Business Administration, and the Government National Mortgage Association, whose securities are supported by the full faith and credit of the United States;
(b)&nbsp;the Federal Home Loan Banks, Federal Intermediate Credit Banks, and the Tennessee Valley Authority, whose securities are supported by the right of the agency to borrow from the U.S. Treasury; (c)&nbsp;the Federal National Mortgage
Association, whose securities are supported by the discretionary authority of the U.S. Government to purchase certain obligations of the agency or instrumentality; and (d)&nbsp;the Student Loan Marketing Association, whose securities are supported
only by its credit. While the U.S. Government provides financial support to such U.S. Government-sponsored agencies or instrumentalities, no assurance can be given that it always will do so since it is not so obligated by law. The U.S. Government,
its agencies and instrumentalities do not guarantee the market value of their securities. Consequently, the value of such securities may fluctuate. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(2) Certificates of deposit issued against funds deposited in a bank or a savings and loan association. Such certificates are for a definite
period of time, earn a specified rate of return, and are normally negotiable. The issuer of a certificate of deposit agrees to pay the amount deposited plus interest to the bearer of the certificate on the date specified thereon. Certificates of
deposit purchased by BNY may not be fully insured by the FDIC. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(3) Repurchase agreements, which involve purchases of debt securities. At
the time BNY purchases securities pursuant to a repurchase agreement, it simultaneously agrees to resell and redeliver such securities to the seller, who also simultaneously agrees to buy back the securities at a fixed price and time. This assures a
predetermined yield for BNY during its holding period, since the resale price is always greater than the purchase price and reflects an agreed-upon market rate. Such actions afford an opportunity for BNY to invest temporarily available cash. BNY may
enter into repurchase agreements only with respect to obligations of the U.S. Government, its agencies or instrumentalities; certificates of deposit; or bankers&#146; acceptances in which BNY may invest. BNY expects to enter into repurchase
agreements with registered securities dealers or domestic banks that, in the opinion of the Investment Advisor, present minimal credit risk. Repurchase agreements may be considered loans to the seller, collateralized by the underlying securities.
The risk to BNY is limited to the ability of the seller to pay the agreed-upon sum on the repurchase date; in the event of default, the repurchase agreement provides that BNY is entitled to sell the underlying collateral. If the value of the
collateral declines after the agreement is entered into, and if the seller defaults under a repurchase agreement when the value of the underlying collateral is less than the repurchase price, BNY could incur a loss of
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">106 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
both principal and interest. If the seller were to be subject to a federal bankruptcy proceeding, the ability of BNY to liquidate the collateral could be delayed or impaired because of certain
provisions of the bankruptcy laws. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(4) Commercial paper, which consists of short-term unsecured promissory notes, including variable rate
master demand notes issued by corporations to finance their current operations. Master demand notes are direct lending arrangements between BNY and a corporation. There is no secondary market for such notes. However, they are redeemable by BNY at
any time. The Investment Advisor will consider the financial condition of the corporation (<I>e.g.</I>, earning power, cash flow and other liquidity ratios) and will continuously monitor the corporation&#146;s ability to meet all of its financial
obligations, because BNY&#146;s liquidity might be impaired if the corporation were unable to pay principal and interest on demand. BNY&#146;s investment policies provide that its investments in commercial paper will be limited to commercial paper
rated in the highest categories by a major rating agency and which mature within one year of the date of purchase or carry a variable or floating rate of interest. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="white-space:nowrap">Tax-exempt</FONT> temporary investments include various obligations issued by state and local governmental
issuers, such as <FONT STYLE="white-space:nowrap">tax-exempt</FONT> notes (bond anticipation notes, tax anticipation notes and revenue anticipation notes or other such municipal bonds maturing in three years or less from the date of issuance) and
municipal commercial paper. Short-term <FONT STYLE="white-space:nowrap">tax-exempt</FONT> fixed income securities include, without limitation, the following: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(1) BANs are usually general obligations of state and local governmental issuers which are sold to obtain interim financing for projects that
will eventually be funded through the sale of long-term debt obligations or bonds. The ability of an issuer to meet its obligations on its BANs is primarily dependent on the issuer&#146;s access to the long-term municipal bond market and the
likelihood that the proceeds of such bond sales will be used to pay the principal and interest on the BANs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(2) TANs are issued by state
and local governments to finance the current operations of such governments. Repayment is generally to be derived from specific future tax revenues. TANs are usually general obligations of the issuer. A weakness in an issuer&#146;s capacity to raise
taxes due to, among other things, a decline in its tax base or a rise in delinquencies could adversely affect the issuer&#146;s ability to meet its obligations on outstanding TANs. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(3) RANs are issued by governments or governmental bodies with the expectation that future revenues from a designated source will be used to
repay the notes. In general, they also constitute general obligations of the issuer. A decline in the receipt of projected revenues, such as anticipated revenues from another level of government, could adversely affect an issuer&#146;s ability to
meet its obligations on outstanding RANs. In addition, the possibility that the revenues would, when received, be used to meet other obligations could affect the ability of the issuer to pay the principal and interest on RANs. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(4) Construction Loan Notes are issued to provide construction financing for specific projects. Frequently, these notes are redeemed with
funds obtained from the Federal Housing Administration. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(5) Bank Notes are notes issued by local government bodies and agencies to
commercial banks as evidence of borrowings. The purposes for which the notes are issued are varied but they are frequently issued to meet short-term working capital or capital-project needs. These notes may have risks similar to the risks associated
with TANs and RANs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(6) <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Commercial Paper (&#147;municipal paper&#148;) represents very
short-term unsecured, negotiable promissory notes, issued by states, municipalities and their agencies. Payment of principal and interest on issues of municipal paper may be made from various sources, to the extent the funds are available therefrom.
Maturities on municipal paper generally will be shorter than the maturities of TANs, BANs or RANs. There is a limited secondary market for issues of municipal paper. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain municipal bonds may carry variable or floating rates of interest whereby the rate of interest is not fixed but varies with changes in
specified market rates or indices, such as a bank prime rate or <FONT STYLE="white-space:nowrap">tax-exempt</FONT> money market indices. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While the various types of notes described above as a group represent the major portion of the
<FONT STYLE="white-space:nowrap">tax-exempt</FONT> note market, other types of notes are available in the marketplace and BNY may invest in such other types of notes to the extent </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">107 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
permitted under its investment objective, policies and limitations. Such notes may be issued for different purposes and may be secured differently from those mentioned above. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Strategic Transactions and Other Management Techniques </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY may purchase and sell futures contracts, enter into various interest rate transactions and swap contracts (including, but not limited to,
credit default swaps) and may purchase and sell exchange-listed and OTC put and call options on securities and swap contracts, financial indices and futures contracts and use other derivative instruments or management techniques (previously defined
as, &#147;Strategic Transactions&#148;). These Strategic Transactions may be used for duration management and other risk management purposes, subject to BNY&#146;s investment restrictions. While BNY&#146;s use of Strategic Transactions is intended
to reduce the volatility of the NAV of BNY&#146;s common shares, the NAV of BNY&#146;s common shares will fluctuate. No assurance can be given that BNY&#146;s Strategic Transactions will be effective. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There is no particular strategy that requires use of one technique rather than another as the decision to use any particular strategy or
instrument is a function of market conditions and the composition of the portfolio. The ability of BNY to use Strategic Transactions successfully will depend on the Investment Advisor&#146;s ability to predict pertinent market movements as well as
sufficient correlation among the instruments, which cannot be assured. Strategic Transactions subject BNY to the risk that, if the Investment Advisor incorrectly forecasts market values, interest rates or other applicable factors, BNY&#146;s
performance could suffer. Certain of these Strategic Transactions, such as investments in inverse floating rate securities and credit default swaps, may provide investment leverage to BNY&#146;s portfolio. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY is not required to use derivatives or other portfolio strategies to seek to hedge its portfolio and may choose not to do so. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The use of Strategic Transactions may result in losses greater than if they had not been used, may require BNY to sell or purchase portfolio
securities at inopportune times or for prices other than current market values, may limit the amount of appreciation BNY can realize on an investment or may cause BNY to hold a security that it might otherwise sell. Furthermore, BNY may only engage
in Strategic Transactions from time to time and may not necessarily be engaging in hedging activities when movements in interest rates occur. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY&#146;s investment objective and the requirements of Subchapter M of the Code for qualification as a regulated investment company may
restrict or affect the ability of BNY to engage in Strategic Transactions. In addition, the use of certain Strategic Transactions may give rise to taxable income and have certain other consequences, such as subjecting a portion of BNY&#146;s
dividends to regular federal income tax. However, under normal circumstances, BNY does not intend to use Strategic Transactions that give rise to taxable income. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Interest Rate Transactions</I>. BNY may enter into interest rate swaps and purchase or sell interest rate caps and floors. BNY may enter
into these transactions to seek to preserve a return or spread on a particular investment or portion of its portfolio or as a duration management technique to protect against any increase in the price of securities BNY anticipates purchasing at a
later date. BNY uses these transactions for risk management purposes and not as a speculative investment. BNY will not sell interest rate caps or floors it does not own. Interest rate swaps involve the exchange by BNY with another party of their
respective commitments to pay or receive interest (<I>e.g.</I>, an exchange of floating rate payments for fixed rate payments with respect to a notional amount of principal). The purchase of an interest rate cap entitles the purchaser, to the extent
that the level of a specified interest rate exceeds a predetermined interest rate (<I>i.e.</I>, the strike price), to receive payments of interest on a notional principal amount from the party selling such interest rate cap. The purchase of an
interest rate floor entitles the purchaser, to the extent that the level of a specified interest rate falls below a predetermined interest rate (<I>i.e.</I>, the strike price), to receive payments of interest on a notional principal amount from the
party selling such interest rate floor. For example, if BNY holds a debt instrument with an interest rate that is reset only once each year, it may swap the right to receive interest at this fixed rate for the right to receive interest at a rate
that is reset every week. This would enable BNY to offset a decline in the value of the debt instrument due to rising interest rates but would also limit its ability to benefit from falling interest rates. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Conversely, if BNY holds a debt instrument with an interest rate that is reset every week and it would like to lock in what it believes to be
a high interest rate for one year, it may swap the right to receive interest at this variable weekly </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">108 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
rate for the right to receive interest at a rate that is fixed for one year. Such a swap would protect BNY from a reduction in yield due to falling interest rates and may permit BNY to enhance
its income through the positive differential between one week and one year interest rates, but would preclude it from taking full advantage of rising interest rates. BNY may hedge both its assets and liabilities through interest rate swaps, caps and
floors. Usually, payments with respect to interest rate swaps will be made on a net basis (<I>i.e.</I>, the two payment streams are netted out) with BNY receiving or paying, as the case may be, only the net amount of the two payments on the payment
dates. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY will accrue the net amount of the excess, if any, of BNY&#146;s obligations over its entitlements with respect to each
interest rate swap on a daily basis and will segregate with a custodian or designate on its books and records an amount of cash or liquid assets having an aggregate NAV at all times at least equal to the accrued excess. BNY&#146;s investment
policies provide that it will not enter into any interest rate swap, cap or floor transaction unless the unsecured senior debt or the claims-paying ability of the other party thereto is rated in the highest rating category of at least one nationally
recognized statistical rating organization at the time of entering into such transaction. If there is a default by the other party to an uncleared interest rate swap transaction, generally BNY will have contractual remedies pursuant to the
agreements related to the transaction. With respect to interest rate swap transactions cleared through a central clearing counterparty, a clearing organization will be substituted for the counterparty and will guaranty the parties&#146; performance
under the swap agreement. However, there can be no assurance that the clearing organization will satisfy its obligation to BNY or that BNY would be able to recover the full amount of assets deposited on its behalf with the clearing organization in
the event of the default by the clearing organization or BNY&#146;s clearing broker. Certain U.S. federal income tax requirements may limit BNY&#146;s ability to engage in interest rate swaps. Distributions attributable to transactions in interest
rate swaps generally will be taxable as ordinary income to shareholders. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Credit Default Swap Agreements</I>. BNY may enter into credit
default swap agreements for hedging purposes or to seek to increase its return. The credit default swap agreement may have as reference obligations one or more securities that are not currently held by BNY. The protection &#147;buyer&#148; in a
credit default contract may be obligated to pay the protection &#147;seller&#148; an upfront or a periodic stream of payments over the term of the contract, provided that no credit event on a reference obligation has occurred. If a credit event
occurs, the seller generally must pay the buyer the &#147;par value&#148; (full notional value) of the swap in exchange for an equal face amount of deliverable obligations of the reference entity described in the swap, or the seller may be required
to deliver the related net cash amount (the difference between the market value of the reference obligation and its par value), if the swap is cash settled. BNY may be either the buyer or seller in the transaction. If BNY is a buyer and no credit
event occurs, BNY may recover nothing if the swap is held through its termination date. However, if a credit event occurs, the buyer generally may elect to receive the full notional value of the swap in exchange for an equal face amount of
deliverable obligations of the reference entity whose value may have significantly decreased. As a seller, BNY generally receives an upfront payment or a fixed rate of income throughout the term of the swap, which typically is between six
(6)&nbsp;months and three years, provided that there is no credit event. If a credit event occurs, generally the seller must pay the buyer the full notional value of the swap in exchange for an equal face amount of deliverable obligations of the
reference entity whose value may have significantly decreased. As the seller, BNY would effectively add leverage to its portfolio because, in addition to its total net assets, BNY would be subject to investment exposure on the notional amount of the
swap. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Credit default swap agreements involve greater risks than if BNY had invested in the reference obligation directly since, in
addition to general market risks, credit default swaps are subject to illiquidity risk, counterparty risk and credit risks. A buyer generally also will lose its investment and recover nothing should no credit event occur and the swap is held to its
termination date. If a credit event were to occur, the value of any deliverable obligation received by the seller, coupled with the upfront or periodic payments previously received, may be less than the full notional value it pays to the buyer,
resulting in a loss of value to the seller. A seller of a credit default swap or similar instrument is exposed to many of the same risks of leverage since, if a credit event occurs, the seller may be required to pay the buyer the full notional value
of the contract net of any amounts owed by the buyer related to its delivery of deliverable obligations. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Futures Contracts and Options
on Futures Contracts</I>. BNY may also enter into futures contracts of debt securities, aggregates of debt securities or indices or prices thereof, other financial indices and U.S. government debt securities or options on the above. BNY will
ordinarily engage in such transactions only for bona fide hedging, risk management (including duration management) and other portfolio management purposes. However, BNY is also permitted to enter into such transactions for <FONT
STYLE="white-space:nowrap">non-hedging</FONT> purposes to enhance income or gain, in accordance with the rules and regulations of the CFTC, which currently provide that no such transaction may be entered into if at such time more
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">109 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
than 5% of BNY&#146;s net assets would be posted as initial margin and premiums with respect to such <FONT STYLE="white-space:nowrap">non-hedging</FONT> transactions. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Calls on Securities Indices and Futures Contracts</I>. BNY may sell or purchase calls on municipal bonds and indices based upon the prices
of future contracts and debt securities that are traded on U.S. and foreign securities exchanges and in the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> markets. A call gives the purchaser of the
option the right to buy, and obligates the seller to sell, the underlying security, futures contract or index at the exercise price at any time or at a specified time during the option period. All such calls sold by BNY must be &#147;covered&#148;
as long as the call is outstanding (<I>i.e.</I>, BNY must own the securities or futures contract subject to the call or other securities acceptable for applicable escrow requirements). A call sold by BNY exposes BNY during the term of the option to
possible loss of opportunity to realize appreciation in the market price of the underlying security, index or futures contract and may require BNY to hold a security of futures contract which it might otherwise have sold. The purchase of a call
gives BNY the right to buy a security, futures contract or index at a fixed price. Calls on futures on municipal bonds must also be covered by deliverable securities or the futures contract or by liquid high grade debt securities segregated to
satisfy BNY&#146;s obligations pursuant to such instruments. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Puts on Securities, Indices and Futures Contracts</I>. BNY may purchase
puts) that relate to municipal bonds (whether or not it holds such securities in its portfolio), indices or futures contracts. BNY may also sell puts on municipal bonds, indices or futures contracts on such securities if BNY&#146;s contingent
obligations on such puts are secured by segregated assets consisting of cash or liquid high grade debt securities having a value not less than the exercise price. BNY&#146;s investment policies provide that it will not sell puts if, as a result,
more than 50% of BNY&#146;s assets would be required to cover its potential obligations under its hedging and other investment transactions. In selling puts, there is a risk that BNY may be required to buy the underlying security at a price higher
than the current market price. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Municipal Market Data Rate Locks. </I>BNY may purchase and sell MMD Rate Locks. An MMD Rate Lock
permits BNY to lock in a specified municipal interest rate for a portion of its portfolio to preserve a return on a particular investment or a portion of its portfolio as a duration management technique or to protect against any increase in the
price of securities to be purchased at a later date. BNY will ordinarily use these transactions as a hedge or for duration or risk management although it is permitted to enter into them to enhance income or gain. An MMD Rate Lock is a contract
between BNY and an MMD Rate Lock provider pursuant to which the parties agree to make payments to each other on a notional amount, contingent upon whether the Municipal Market Data AAA General Obligation Scale is above or below a specified level on
the expiration date of the contract. For example, if BNY buys an MMD Rate Lock and the Municipal Market Data AAA General Obligation Scale is below the specified level on the expiration date, the counterparty to the contract will make a payment to
BNY equal to the specified level minus the actual level, multiplied by the notional amount of the contract. If the Municipal Market Data AAA General Obligation Scale is above the specified level on the expiration date, BNY will make a payment to the
counterparty equal to the actual level minus the specified level multiplied by the notional amount of the contract. In entering into MMD Rate Locks, there is a risk that municipal yields will move in the direction opposite of the direction
anticipated by BNY, which would cause BNY to make payments to its counterparty in the transaction that could adversely affect BNY&#146;s performance. BNY has no obligation to enter into MMD Swaps and may elect not to do so. BNY&#146;s investment
policies provide that it will not enter into MMD Rate Locks if, as a result, more than 50% of its total assets would be required to cover its potential obligations under its hedging and other investment transactions. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Short Sales. </I>BNY may make short sales of municipal bonds. A short sale is a transaction in which BNY sells a security it does not own
in anticipation that the market price of that security will decline. BNY may make short sales to hedge positions, for duration and risk management, in order to maintain portfolio flexibility or to enhance income or gain. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When BNY makes a short sale, it must borrow the security sold short and deliver it to the broker-dealer through which it made the short sale
as collateral for its obligation to deliver the security upon conclusion of the sale. BNY may have to pay a fee to borrow particular securities and is often obligated to pay over any payments received on such borrowed securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY&#146;s obligation to replace the borrowed security are required to be secured by collateral deposited with the broker-dealer, usually
cash, U.S. government securities or other liquid securities. BNY will also be required to segregate similar collateral with its custodian to the extent, if any, necessary so that the aggregate collateral value is at all times at least equal to the
current market value of the security sold short. Depending on arrangements made with the broker-</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">110 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
dealer from which it borrowed the security regarding payment over of any payments received by BNY on such security, BNY may not receive any payments (including interest) on its collateral
deposited with such broker-dealer. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the price of the security sold short increases between the time of the short sale and the time BNY
replaces the borrowed security, BNY will incur a loss; conversely, if the price declines, BNY will realize a gain. Any gain will be decreased, and any loss increased, by the transaction costs described above. Although BNY&#146;s gain is limited to
the price at which it sold the security short, its potential loss is theoretically unlimited. Short sales, even if covered, may represent a form of leverage and will create risks. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Restricted and Illiquid Securities</I>. BNY may invest in restricted, illiquid or less liquid securities or securities in which no
secondary trading market is readily available or which are otherwise illiquid, including private placement securities. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The liquidity of a
security relates to the ability to dispose easily of the security and the price to be obtained upon disposition of the security, which may be less than would be obtained for a comparable more liquid security. &#147;Illiquid securities&#148; are
securities which cannot be sold within seven days in the ordinary course of business at approximately the value used by the Fund in determining its NAV. Illiquid securities may trade at a discount from comparable, more liquid investments. Investment
of the Fund&#146;s assets in illiquid securities may restrict the ability of BNY to dispose of its investments in a timely fashion and for a fair price as well as its ability to take advantage of market opportunities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The risks associated with illiquidity will be particularly acute where BNY&#146;s operations require cash, such as when BNY pays dividends,
and could result in BNY borrowing to meet short-term cash requirements or incurring capital losses on the sale of illiquid investments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#147;Restricted securities&#148; are securities that are not registered under the Securities Act. Restricted securities may be sold in
private placement transactions between issuers and their purchasers and may be neither listed on an exchange nor traded in other established markets. In many cases, privately placed securities may not be freely transferable under the laws of the
applicable jurisdiction or due to contractual restrictions on resale. As a result of the absence of a public trading market, privately placed securities may be less liquid and more difficult to value than publicly traded securities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent that privately placed securities may be resold in privately negotiated transactions, the prices realized from the sales, due to
restrictions on resale, could be less than those originally paid by BNY or less than their fair market value. In addition, issuers whose securities are not publicly traded may not be subject to the disclosure and other investor protection
requirements that may be applicable if their securities were publicly traded. If any privately placed securities held by BNY are required to be registered under the securities laws of one or more jurisdictions before being resold, BNY may be
required to bear the expenses of registration. Certain of BNY&#146;s investments in private placements may consist of direct investments and may include investments in smaller, less seasoned issuers, which may involve greater risks. These issuers
may have limited product lines, markets or financial resources, or they may be dependent on a limited management group. In making investments in such securities, BNY may obtain access to material nonpublic information, which may restrict BNY&#146;s
ability to conduct portfolio transactions in such securities. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Some of these securities are new and complex, and trade only among
institutions; the markets for these securities are still developing, and may not function as efficiently as established markets. Also, because there may not be an established market price for these securities, BNY may have to estimate their value,
which means that their valuation (and thus the valuation of BNY) may have a subjective element. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Transactions in restricted or illiquid
securities may entail registration expense and other transaction costs that are higher than those for transactions in unrestricted or liquid securities eligible for trading on national securities exchanges or in the OTC markets. Where registration
is required for restricted or illiquid securities a considerable time period may elapse between the time BNY decides to sell the security and the time it is actually permitted to sell the security under an effective registration statement. If during
such period, adverse market conditions were to develop, BNY might obtain less favorable pricing terms that when it decided to sell the security. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Reverse Repurchase Agreements</I>. BNY may enter into reverse repurchase agreements with respect to its portfolio investments subject to
the investment restrictions set forth herein. Reverse repurchase agreements involve the sale of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">111 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
securities held by BNY with an agreement by BNY to repurchase the securities at an agreed upon price, date and interest payment. In accordance with Rule
<FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act, when BNY engages in reverse repurchase agreements and similar financing transactions, BNY may either (i)&nbsp;maintain asset coverage of at least 300% with respect to such
transactions and any other borrowings in the aggregate, or (ii)&nbsp;treat such transactions as &#147;derivatives transactions&#148; and comply with Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> with respect to such transactions. Reverse
repurchase agreements involve the risk that the market value of the securities acquired in connection with the reverse repurchase agreement may decline below the price of the securities BNY has sold but is obligated to repurchase. Also, reverse
repurchase agreements involve the risk that the market value of the securities retained in lieu of sale by BNY in connection with the reverse repurchase agreement may decline in price. If the buyer of securities under a reverse repurchase agreement
files for bankruptcy or becomes insolvent, such buyer or its trustee or receiver may receive an extension of time to determine whether to enforce BNY&#146;s obligation to repurchase the securities and BNY&#146;s use of the proceeds of the reverse
repurchase agreement may effectively be restricted pending such decision. Also, BNY would bear the risk of loss to the extent that the proceeds of the reverse repurchase agreement are less than the value of the securities subject to such agreement.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Borrowings</I>. BNY reserves the right to borrow funds to the extent permitted as described in Appendix B &#150; Fundamental and
Non-Fundamental Investment Restrictions. The proceeds of borrowings may be used for any valid purpose including, without limitation, liquidity, investments and repurchases of shares of BNY. Borrowing is a form of leverage and, in that respect,
entails risks comparable to those associated with the issuance of Preferred Shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Securities Lending</I>. BNY may lend portfolio
securities to certain borrowers determined to be creditworthy by the Investment Advisor, including to borrowers affiliated with the Investment Advisor. The borrowers provide collateral that is maintained in an amount at least equal to the current
market value of the securities loaned. No securities loan will be made on behalf of BNY if, as a result, the aggregate value of all securities loans of BNY exceeds one-third of the value of BNY&#146;s total assets (including the value of the
collateral received). BNY may terminate a loan at any time and obtain the return of the securities loaned. BNY receives the value of any interest or cash or <FONT STYLE="white-space:nowrap">non-cash</FONT> distributions paid on the loaned
securities. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to loans that are collateralized by cash, the borrower may be entitled to receive a fee based on the amount of
cash collateral. BNY is compensated by the difference between the amount earned on the reinvestment of cash collateral and the fee paid to the borrower. In the case of collateral other than cash, BNY is compensated by a fee paid by the borrower
equal to a percentage of the market value of the loaned securities. Any cash collateral received by BNY for such loans, and uninvested cash, may be invested, among other things, in a private investment company managed by an affiliate of the
Investment Advisor or in registered money market funds advised by the Investment Advisor or its affiliates; such investments are subject to investment risk. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY conducts its securities lending pursuant to an exemptive order from the SEC permitting it to lend portfolio securities to borrowers
affiliated with BNY and to retain an affiliate of BNY as lending agent. To the extent that BNY engages in securities lending, BlackRock Investment Management, LLC (&#147;BIM&#148;), an affiliate of the Investment Advisor, acts as securities lending
agent for BNY, subject to the overall supervision of the Investment Advisor. BIM administers the lending program in accordance with guidelines approved by the Board. Pursuant to the current securities lending agreement, BIM may lend securities only
when the difference between the borrower rebate rate and the risk-free rate exceeds a certain level (such securities, the &#147;specials only securities&#148;). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent that BNY engages in securities lending, BNY retains a portion of securities lending income and remits a remaining portion to BIM
as compensation for its services as securities lending agent. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Securities lending income is equal to the total of income earned from the
reinvestment of cash collateral (and excludes collateral investment expenses as defined below), and any fees or other payments to and from borrowers of securities. As securities lending agent, BIM bears all operational costs directly related to
securities lending. BNY is responsible for expenses in connection with the investment of cash collateral received for securities on loan in a private investment company managed by an affiliate of the Investment Advisor (the &#147;collateral
investment expenses&#148;), however, BIM has agreed to cap the collateral investment expenses BNY bears to an annual rate of 0.04% of the daily net assets of such private investment company. In addition, in accordance with the exemptive order, the
investment adviser to the private investment company will not charge any advisory fees with respect to shares purchased by BNY. Such shares also will not be subject to a sales load, redemption fee, distribution fee or service fee. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">112 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Pursuant to the current securities lending agreement: (i)&nbsp;if the Fund were to engage in
securities lending, BNY retains 82% of securities lending income (which excludes collateral investment expenses), and (ii)&nbsp;this amount can never be less than 70% of the sum of securities lending income plus collateral investment expenses. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Leverage </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY currently leverages its
assets through the use of preferred shares and residual interest municipal TOBs. BNY currently does not intend to borrow money or issue debt securities. Although it has no present intention to do so, BNY reserves the right to borrow money from banks
or other financial institutions, or issue debt securities, in the future if it believes that market conditions would be conducive to the successful implementation of a leveraging strategy through borrowing money or issuing debt securities. Any such
leveraging will not be fully achieved until the proceeds resulting from the use of leverage have been invested in accordance with BNY&#146;s investment objective and policies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The use of leverage can create risks. When leverage is employed, the NAV and market price of the common shares and the yield to holders of
common shares will be more volatile than if leverage were not used. Changes in the value of BNY&#146;s portfolio, including securities bought with the proceeds of leverage, will be borne entirely by the holders of common shares. If there is a net
decrease or increase in the value of BNY&#146;s investment portfolio, leverage will decrease or increase, as the case may be, the NAV per common share to a greater extent than if BNY did not utilize leverage. A reduction in BNY&#146;s NAV may cause
a reduction in the market price of its shares. During periods in which BNY is using leverage, the fee paid to the Investment Advisor for advisory services will be higher than if BNY did not use leverage, because the fees paid will be calculated on
the basis of BNY&#146;s net assets, which includes the proceeds from leverage. BNY&#146;s leveraging strategy may not be successful. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain types of leverage BNY may use may result in BNY being subject to covenants relating to asset coverage and portfolio composition
requirements. BNY may be subject to certain restrictions on investments imposed by one or more lenders or by guidelines of one or more rating agencies, which may issue ratings for any short-term debt securities or preferred shares issued by BNY. The
terms of any borrowings or rating agency guidelines may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the 1940 Act. The Investment Advisor does not believe that these covenants or
guidelines will impede it from managing BNY&#146;s portfolio in accordance with its investment objective and policies if BNY were to utilize leverage. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under the 1940 Act, BNY is not permitted to issue senior securities if, immediately after the issuance of such senior securities, BNY would
have an asset coverage ratio (as defined in the 1940 Act) of less than 300% with respect to senior securities representing indebtedness (<I>i.e.</I>, for every dollar of indebtedness outstanding, BNY is required to have at least three dollars of
assets) or less than 200% with respect to senior securities representing preferred shares (<I>i.e.</I>, for every dollar of preferred shares outstanding, BNY is required to have at least two dollars of assets). The 1940 Act also provides that BNY
may not declare distributions or purchase its stock (including through tender offers) if, immediately after doing so, it will have an asset coverage ratio of less than 300% or 200%, as applicable. Under the 1940 Act, certain short-term borrowings
(such as for cash management purposes) are not subject to these limitations if (i)&nbsp;repaid within 60 days, (ii)&nbsp;not extended or renewed and (iii)&nbsp;not in excess of 5% of the total assets of BNY. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Preferred Shares</I>. BNY has leveraged its portfolio by issuing preferred shares. Under the 1940 Act, BNY is not permitted to issue
preferred shares if, immediately after such issuance, the liquidation value of BNY&#146;s outstanding preferred shares exceeds 50% of its assets (including the proceeds from the issuance) less liabilities other than borrowings (<I>i.e.</I>, the
value of BNY&#146;s assets must be at least 200% of the liquidation value of its outstanding preferred shares). In addition, BNY would not be permitted to declare any cash dividend or other distribution on its common shares unless, at the time of
such declaration, the value of BNY&#146;s assets less liabilities other than borrowings is at least 200% of such liquidation value. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For
tax purposes, BNY is currently required to allocate <FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest income, net capital gain and other taxable income, if any, between its common shares and preferred shares outstanding in proportion to
total dividends paid to each class for the year in which or with respect to which <FONT STYLE="white-space:nowrap">tax-exempt</FONT> income, the net capital gain or other taxable income is paid. If net capital gain or other taxable income is
allocated to preferred shares, instead of solely <FONT STYLE="white-space:nowrap">tax-exempt</FONT> income, BNY will likely have to pay higher total dividends to preferred shareholders or make special payments to preferred shareholders to compensate
them for the increased tax liability. This would reduce the total amount of dividends paid to the common shareholders but would increase the portion of the dividend that is <FONT STYLE="white-space:nowrap">tax-exempt.</FONT> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">113 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the increase in dividend payments or the special payments to preferred shareholders are
not entirely offset by a reduction in the tax liability of, and an increase in the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> dividends received by, the common shareholders, the advantage of BNY&#146;s leveraged structure to common
shareholders will be reduced. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Tender Option Bond Transactions</I>. BNY currently leverages its assets through the use of TOB
Residuals, which are derivative interests in municipal bonds. The TOB Residuals in which BNY will invest pay interest or income that, in the opinion of counsel to the issuer of such TOB Residuals, is exempt from regular U.S. federal income tax. No
independent investigation will be made to confirm the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> status of the interest or income paid by TOB Residuals held by BNY. Although volatile, TOB Residuals typically offer the potential for yields
exceeding the yields available on fixed rate municipal bonds with comparable credit quality. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">TOB Residuals represent beneficial interests
in a TOB Trust. A TOB Trust typically issues two classes of beneficial interests: TOB Floaters, which are sold to third party investors, and TOB Residuals, which are generally issued to the fund(s) that transferred municipal bonds to the TOB Trust.
BNY may invest in both TOB Floaters and TOB Residuals. TOB Floaters may have first priority on the cash flow from the municipal bonds held by the TOB Trust and are enhanced with a liquidity support arrangement from TOBs Liquidity Provider which
allows holders to tender their position at par (plus accrued interest). BNY, as a holder of TOB Residuals, is paid the residual cash flow from the TOB Trust after payment of TOB Trust expenses and interest on the TOB Floaters. BNY contributes
municipal bonds to the TOB Trust and is paid the cash received by the TOB Trust from the sale of the TOB Floaters, less certain transaction costs, and typically will invest the cash to purchase additional municipal bonds or other investments
permitted by its investment policies. If BNY ever purchases all or a portion of the TOB Floaters sold by the TOB Trust, it may surrender those TOB Floaters together with a proportionate amount of TOB Residuals to the TOB Trust in exchange for a
proportionate amount of the municipal bonds owned by the TOB Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Other BlackRock-Advised Funds may contribute municipal bonds to a TOB
Trust into which BNY has contributed municipal bonds. If multiple BlackRock-Advised Funds participate in the same TOB Trust, the economic rights and obligations under the TOB Residual will generally be shared among the funds ratably in proportion to
their participation in the TOB Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The municipal bonds transferred to a TOB Trust typically are high grade municipal bonds. In certain
cases, when municipal bonds transferred are lower grade municipal bonds, the TOB Trust transaction includes a credit enhancement feature that provides for the timely payment of principal and interest on the bonds to the TOB Trust by a credit
enhancement provider. The TOB Trust would be responsible for the payment of the credit enhancement fee and BNY, as a TOB Residual holder, would be responsible for reimbursement of any payments of principal and interest made by the credit enhancement
provider. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The TOB Residuals held by BNY generally provide BNY with the right to cause the holders of a proportional share of the TOB
Floaters to tender their notes to the TOB Trust at par plus accrued interest. Thereafter, BNY may withdraw a corresponding share of the municipal bonds from the TOB Trust. As a result, a TOB transaction, in effect, creates exposure for BNY to the
entire return of the municipal bonds in the TOB Trust, with a net cash investment by BNY that is less than the value of the municipal bonds in the TOB Trust. This multiplies the positive or negative impact of the municipal bonds&#146; return within
BNY (thereby creating leverage). The leverage within a TOB Trust depends on the value of the municipal bonds deposited in the TOB Trust relative to the value of the TOB Floaters it issues. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY may invest in highly leveraged TOB Residuals. A TOB Residual generally is considered highly leveraged if the principal amount of the TOB
Floaters issued by the related TOB Trust exceeds 75% of the principal amount of the municipal bonds owned by the TOB Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The leverage
attributable to BNY&#146;s use of TOB Residuals may be &#147;called away&#148; on relatively short notice and therefore may be less permanent than more traditional forms of leverage. The TOB Trust may be collapsed without the consent of BNY upon the
occurrence of termination events, as defined in the TOB Trust agreements, including if TOB Floaters that are tendered to the TOBs Liquidity Provider cannot be remarketed. Attempts to remarket tendered securities often failed during volatile market
conditions in the past. Upon the occurrence of a termination event, a TOB Trust would be liquidated with the proceeds applied first to any accrued fees owed to the trustee of the TOB Trust, the remarketing agent of the TOB Floaters and the TOBs
Liquidity Provider. Upon certain termination events, the holders of the TOB Floaters would be paid before the TOB Residual holders (<I>i.e.</I>, BNY) whereas in other </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">114 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
termination events, the TOB Floater and TOB Residual holders would be paid pro rata. If the proceeds upon liquidation of a TOB Trust, net of payment of fees, are less than the aggregate amount
the TOB Residual and TOB Floater holders invested in the TOB Trust, BNY as a TOB Residual holder will realize a loss on its investment, particularly if the TOB Floater holders are paid before the TOB Residual holders. The risk of such a loss may be
greater during volatile market conditions when it may be difficult to sell the bonds held by a TOB Trust. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">TOB Trusts are typically
supported by a TOBs Liquidity Provider that allows the holders of the TOB Floaters to tender their TOB Floaters in exchange for payment of par plus accrued interest on any business day (subject to the
<FONT STYLE="white-space:nowrap">non-occurrence</FONT> of a termination event). The tendered TOB Floaters are remarketed by a remarketing agent. In the event of a failed remarketing, the TOB Trust may draw upon a loan from the TOBs Liquidity
Provider to purchase the tendered TOB Floaters. Any loans made by the TOBs Liquidity Provider will be secured by the purchased TOB Floaters held by the TOB Trust and will be subject to an increased interest rate based on number of days the loan is
outstanding. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY may invest in a TOB Trust on either a <FONT STYLE="white-space:nowrap">non-recourse</FONT> or recourse basis. When BNY
invests in TOB Trusts on a <FONT STYLE="white-space:nowrap">non-recourse</FONT> basis, and the TOBs Liquidity Provider is required to make a payment under the liquidity facility, the TOBs Liquidity Provider will typically liquidate all or a portion
of the municipal bonds held in the TOB Trust and then fund the balance, if any, of the liquidation shortfall (&#147;Liquidation Shortfall&#148;). If BNY invests in a TOB Trust on a recourse basis, it will typically enter into a reimbursement
agreement with the TOBs Liquidity Provider pursuant to which BNY is required to reimburse the TOBs Liquidity Provider the amount of any Liquidation Shortfall. As a result, if BNY invests in a recourse TOB Trust, BNY will bear the risk of loss with
respect to any Liquidation Shortfall. If multiple BlackRock-Advised Funds participate in any such TOB Trust, these losses will be shared ratably, in proportion to their participation in the TOB Trust. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under accounting rules, municipal bonds of BNY that are deposited into a TOB Trust are investments of BNY and are presented on BNY&#146;s
Schedule of Investments and outstanding TOB Floaters issued by a TOB Trust are presented as liabilities in BNY&#146;s Statement of Assets and Liabilities. Interest income from the underlying municipal bonds is recorded by BNY on an accrual basis.
Interest expense incurred on the TOB Floaters and other BNY. In addition, under accounting rules, loans made to a TOB Trust sponsored by BNY may be presented as loans of BNY in BNY&#146;s financial statements even if there is no recourse to
BNY&#146;s assets. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For TOB Floaters, generally, the interest rate earned will be based upon the market rates for municipal bonds with
maturities or remarketing provisions that are comparable in duration to the periodic interval of the tender option. Since the tender option feature has a shorter term than the final maturity or first call date of the underlying municipal bonds
deposited in the TOB Trust, the holder of the TOB Floaters relies upon the terms of the agreement with the financial institution furnishing the liquidity facility as well as the credit strength of that institution. The perceived reliability and
creditworthiness, of many major financial institutions, some of which sponsor and/or provide liquidity support to TOB Trusts increases the risk associated with TOB Floaters. This in turn may reduce the desirability of TOB Floaters as investments,
which could impair the viability or availability of TOB Trusts. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act
permits BNY to enter into TOB Trust transactions and similar financing transactions (<I>e.g.</I>, borrowed bonds) notwithstanding the limitation on the issuance of senior securities in Section&nbsp;18 of the 1940 Act, provided that BNY either
(i)&nbsp;complies with the 300% asset coverage ratio applicable to senior securities representing indebtedness with respect to such transactions and any other borrowings in the aggregate, or (ii)&nbsp;treats such transactions as derivatives
transactions under Rule <FONT STYLE="white-space:nowrap">18f-4.</FONT> Future regulatory requirements or SEC guidance may necessitate more onerous contractual or regulatory requirements, which may increase the costs or reduce the degree of potential
economic benefits of TOB Trust transactions or limit BNY&#146;s ability to enter into or manage TOB Trust transactions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Credit
Facility</I>. BNY is permitted to leverage its portfolio by entering into one or more credit facilities. If BNY enters into a credit facility, BNY may be required to prepay outstanding amounts or incur a penalty rate of interest upon the occurrence
of certain events of default. BNY would also likely have to indemnify the lenders under the credit facility against liabilities they may incur in connection therewith. In addition, BNY expects that any credit facility would contain covenants that,
among other things, likely would limit BNY&#146;s ability to pay distributions in certain circumstances, incur additional debt, change certain of its investment policies and engage in certain transactions, including mergers and consolidations, and
require asset coverage ratios in addition to those required by the 1940 Act. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">115 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
BNY may be required to pledge its assets and to maintain a portion of its assets in cash or high-grade securities as a reserve against interest or principal payments and expenses. BNY expects
that any credit facility would have customary covenant, negative covenant and default provisions. There can be no assurance that BNY will enter into an agreement for a credit facility, or one on terms and conditions representative of the foregoing,
or that additional material terms will not apply. In addition, if entered into, a credit facility may in the future be replaced or refinanced by one or more credit facilities having substantially different terms or by the issuance of preferred
shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Derivatives</I>. BNY may enter into derivative transactions that have leverage embedded in them. Derivative transactions that
BNY may enter into and the risks associated with them are described elsewhere in this Joint Proxy Statement/Prospectus and are also referred to as &#147;Strategic Transactions.&#148; BNY cannot assure you that investments in derivative transactions
that have leverage embedded in them will result in a higher return on its common shares. Under Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the 1940 Act, among other things, BNY must either use derivatives in a limited manner or comply
with an outer limit on fund leverage risk based on <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">value-at-risk.</FONT></FONT> </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Temporary Borrowings</I>. BNY may also borrow money as a temporary measure for extraordinary or emergency purposes, including the payment
of dividends and the settlement of securities transactions which otherwise might require untimely dispositions of Fund securities. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">116 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_18"></A>MANAGEMENT OF THE FUNDS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_19"></A>The Board of Trustees or Board of Directors and Officers </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds have the same Board Members and officers. The Board of each Fund is responsible for the overall supervision of the operations of the
Fund and performs the various duties imposed on the trustees or directors of investment companies by the 1940 Act and under applicable state law. A list of the Board Members and officers of the Funds, a brief biography of each Board Member and
officer and additional information relating to the Board and officers are included in &#147;Management of the Funds&#148; in the Statement of Additional Information. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_20"></A>The Investment Advisor </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock Advisors, LLC serves as the investment adviser for each Fund and is expected to continue to serve as investment adviser for the
Combined Fund. The Investment Advisor is responsible for the management of each Fund&#146;s portfolio and provides the necessary personnel, facilities, equipment and certain other services necessary to the operations of each Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN currently pays the Investment Advisor a monthly fee at an annual rate equal to 0.55% of the average daily value of its net assets. The
Acquiring Fund currently pays the Investment Advisor a monthly fee at an annual rate equal to 0.50% of its average daily value of its net assets. For purposes of calculating these fees, &#147;net assets&#148; mean the total assets of the Fund minus
the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding preferred shares). It is understood that the liquidation preference of any outstanding preferred
shares (other than accumulated dividends) and TOB Trusts is not considered a liability in determining a Fund&#146;s NAV. BNY currently pays the Investment Advisor a monthly fee at an annual rate equal to 0.55% of the average weekly value of its
managed assets. For the purposes of calculating these fees, for BNY, &#147;managed assets&#148; are determined as total assets of the Fund (including any assets attributable to money borrowed for investment purposes) less the sum of its accrued
liabilities (other than money borrowed for investment purposes). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund and the Investment Advisor have entered into a fee waiver
agreement (the &#147;Fee Waiver Agreement&#148;), pursuant to which the Investment Advisor has contractually agreed to waive the management fee with respect to any portion of each Fund&#146;s assets attributable to investments in any equity and
fixed-income mutual funds and exchange-traded funds (&#147;ETFs&#148;) managed by the Investment Advisor or its affiliates and other exchange-traded products sponsored by the Investment Advisor or its affiliates, in each case that have a contractual
management fee, through June&nbsp;30, 2027 (the &#147;Affiliated Mutual Fund and ETF Waiver&#148;). In addition, pursuant to the Fee Waiver Agreement, the Investment Advisor has contractually agreed to waive its management fees by the amount of
investment advisory fees each Fund pays to the Investment Advisor indirectly through its investment in money market funds advised by the Investment Advisor or its affiliates, through June&nbsp;30, 2027 (the &#147;Affiliated Money Market Fund
Waiver&#148; and together with the Affiliated Mutual Fund and ETF Waiver, the &#147;Affiliated Fund Waiver&#148;). The Fee Waiver Agreement may be continued from year to year thereafter, provided that such continuance is specifically approved by the
Investment Advisor and each Fund (including by a majority of each Fund&#146;s Independent Board Members). Neither the Investment Advisor nor the Funds are obligated to extend the Fee Waiver Agreement. The Fee Waiver Agreement may be terminated at
any time, without the payment of any penalty, only by each Fund (upon the vote of a majority of the Independent Board Members or a majority of the outstanding voting securities of each Fund), upon 90 days&#146; written notice by each Fund to the
Investment Advisor. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to MHN, the Investment Advisor has voluntarily agreed to waive its investment advisory fee on the
proceeds of the VRDP Shares and tender option bond trusts (&#147;TOB Trusts&#148;) that exceed 35% of total assets minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference
of any outstanding VRDP Shares) (the &#147;MHN Voluntary Waiver&#148;). The MHN Voluntary Waiver may be reduced or discontinued at any time without notice. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to each Fund, effective May&nbsp;1, 2024, the Investment Advisor voluntarily agreed to waive a portion of its investment advisory
fee attributable to each Fund&#146;s outstanding VRDP Shares for each month in which the monthly dividend on the Fund&#146;s VRDP Shares exceeds the calculated value of the Fund&#146;s gross monthly income attributable to investments from the
proceeds of the VRDP Shares (determined by multiplying the Fund&#146;s gross monthly income by the ratio of (i)&nbsp;the liquidation preference of any outstanding VRDP Shares to (ii)&nbsp;total assets of the Fund minus the
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">117 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding VRDP Shares)) (the &#147;VRDP Voluntary
Waiver&#148;). This VRDP Voluntary Waiver may be reduced or discontinued at any time without notice. In addition, each Fund received its pro rata portion of a <FONT STYLE="white-space:nowrap">one-time</FONT> aggregate $2&nbsp;million voluntary
advisory fee waiver. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Mergers are consummated, the annual contractual investment management fee rate of the Acquiring Fund will be
the annual contractual investment management fee rate of the Combined Fund, which will be 0.50% of the average daily value of net assets (as defined above) of the Combined Fund. The Combined Fund will have a lower annual contractual investment
management fee than each of MHN and BNY, and the same annual contractual investment management fee rate as the Acquiring Fund. Please see &#147;Expense Table For Common Shareholders&#148; in the Joint Proxy Statement/Prospectus for additional
information. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Based on a <I>pro forma</I> Broadridge peer expense universe for the Combined Fund, the estimated total annual fund expense
ratio <I>(excluding leverage expenses and extraordinary expenses)</I> and the actual investment management fee rate (without giving effect to the VRDP Voluntary Waiver and/or MHN Voluntary Waiver) over total assets are each expected to be in the
first quartile. Each fund in the Broadridge peer expense universe is placed in one of four quartiles for each relevant comparison, with the first quartile including funds with the lowest relative expenses and the fourth quartile including funds with
the highest relative expenses. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The level of expense savings (or increases) will vary depending on the combination of the Funds in the
Mergers, and furthermore, there can be no assurance that future expenses of the Combined Fund will not increase or that any expense savings for any Fund will be realized as a result of any Merger. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A discussion regarding the basis for the approval of the Investment Management Agreement by the Board of each Fund will be provided in such
Fund&#146;s Form <FONT STYLE="white-space:nowrap">N-CSR</FONT> for such Fund&#146;s most recent fiscal year end, which will be available at www.sec.gov or by visiting www.blackrock.com. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Advisor is located at 100 Bellevue Parkway, Wilmington, Delaware 19809 and is a majority-owned subsidiary of BlackRock.
BlackRock is one of the world&#146;s largest publicly-traded investment management firms. As of [&#9679;], 2025, BlackRock&#146;s assets under management were approximately $[&#9679;] trillion. BlackRock has over 35 years of experience managing <FONT
STYLE="white-space:nowrap">closed-end</FONT> products and, as of June 30, 2025, advised a registered <FONT STYLE="white-space:nowrap">closed-end</FONT> family of 49 exchange-listed active funds with approximately $43 billion in assets. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. BlackRock
helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares<SUP STYLE="font-size:75%; vertical-align:top">&reg;</SUP> (exchange-traded funds), and other pooled investment
vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions<SUP STYLE="font-size:75%; vertical-align:top">&reg;</SUP>. Headquartered in
New York City, as of [&#9679;], 2025, the firm had approximately [&#9679;] employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_21"></A>Portfolio Management </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund is managed by a team of investment professionals comprised of Walter O&#146;Connor, CFA, Managing Director at BlackRock, Kevin
Maloney, CFA, Director of BlackRock, Phillip Soccio, CFA, Director of BlackRock, Christian Romaglino, CFA, Director of BlackRock, Michael Kalinoski, CFA, Director of BlackRock, and Kristi Manidis, Director of BlackRock. Each is a member of
BlackRock&#146;s municipal <FONT STYLE="white-space:nowrap">tax-exempt</FONT> management group. Each is jointly responsible for the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> management of each
Fund&#146;s portfolio, which includes setting each Fund&#146;s overall investment strategy, overseeing the management of each Fund and/or selection of its investments. Mr.&nbsp;O&#146;Connor has been a member of each Fund&#146;s portfolio management
team since 2006. Mr.&nbsp;Romaglino has been a member of the Acquiring Fund&#146;s portfolio management team since 2018 and a member of each of MHN&#146;s and BNY&#146;s portfolio management team since 2022. Messrs. Maloney, Soccio and Kalinoski and
Ms.&nbsp;Manidis have been members of each Fund&#146;s portfolio management team since 2023. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The biography of each portfolio manager of
the Funds are set forth below: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">118 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Portfolio Manager</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Biography</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Walter O&#146;Connor, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Managing Director of BlackRock since 2006.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Kevin Maloney, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director of BlackRock since 2021; Vice President of BlackRock from 2018 to 2020.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Phillip Soccio, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director of BlackRock since 2009.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Christian Romaglino, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director of BlackRock since 2017; Portfolio Manager for the Municipal Mutual Fund Desk within BlackRock&#146;s Global Fixed
Income Group since 2017.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Michael Kalinoski, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director of BlackRock since 2006.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Kristi Manidis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director of BlackRock, Inc. since 2016.</P></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Following the Mergers, it is expected that the Combined Fund will be managed by the same team of investment
professionals as currently manage the Acquiring Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Statement of Additional Information provides additional information about the
portfolio managers&#146; compensation, other accounts managed by the portfolio managers, and the portfolio managers&#146; ownership of securities in each Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_22"></A>Portfolio Transactions with Affiliates </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Advisor may place portfolio transactions, to the extent permitted by law, with brokerage firms affiliated with the Funds and
the Investment Advisor, if it reasonably believes that the quality of execution and the commission are comparable to that available from other qualified brokerage firms. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">[None of the Funds paid brokerage commissions to affiliated broker-dealers during their three most recent fiscal years.] </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_23"></A>Other Service Providers </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The professional service providers for the Funds are or will be as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Service</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Service Providers to the Funds</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Accounting Agent</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">State Street Bank and Trust Company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Custodian</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">State Street Bank and Trust Company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Transfer Agent, Dividend Disbursing Agent and Registrar</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Computershare Trust Company, N.A.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Liquidity Provider to MHN and BNY VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank of America, N.A.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Liquidity Provider to Acquiring Fund VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">The Toronto-Dominion Bank, acting through its New York branch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Remarketing Agent to MHN and BNY VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BofA Securities, Inc.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Remarketing Agent to Acquiring Fund VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">TD Securities (USA) LLC</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Tender and Paying Agent to each Fund&#146;s VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">The Bank of New York Mellon</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Independent Registered Public Accounting Firm</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Fund Counsel</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Willkie Farr&nbsp;&amp; Gallagher LLP</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Counsel to the Independent Board Members</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Stradley Ronon Stevens&nbsp;&amp; Young, LLP</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">It is not anticipated that the Mergers will result in any change in the organizations providing services to
the Acquiring Fund as set forth above. As a result of the Mergers, the service providers to the Acquiring Fund are anticipated to be the service providers to the Combined Fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">119 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_24"></A>Accounting Agent </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">State Street Bank and Trust Company provides certain administration and accounting services to the Funds pursuant to an Administration and
Fund Accounting Services Agreement (the &#147;Administration Agreement&#148;). Pursuant to the Administration Agreement, State Street Bank and Trust Company provides the Funds with, among other things, customary fund accounting services, including
computing each Fund&#146;s NAV and maintaining books, records and other documents relating to each Fund&#146;s financial and portfolio transactions, and customary fund administration services, including assisting the Funds with regulatory filings,
tax compliance and other oversight activities. For these and other services it provides to the Funds, State Street Bank and Trust Company is paid a monthly fee from the Funds at an annual rate ranging from 0.0075% to 0.015% of each Fund&#146;s
managed assets, along with an annual fixed fee ranging from $0 to $10,000 for the services it provides to the Funds. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_25"></A>Custody
of Assets </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The custodian of the assets of each Fund is State Street Bank and Trust Company, One Congress Street, Boston, Massachusetts
02114. The custodian is responsible for, among other things, receipt of and disbursement of funds from each Fund&#146;s accounts, establishment of segregated accounts as necessary, and transfer, exchange and delivery of Fund portfolio securities.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_26"></A>Transfer Agent, Dividend Disbursing Agent and Registrar </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Computershare Trust Company, N.A., 150 Royall Street, Canton, Massachusetts 02021, serves as each Fund&#146;s transfer agent with respect to
such Fund&#146;s common shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_27"></A>VRDP Shares Tender and Paying Agent </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Bank of New York Mellon, One Wall Street, New York, New York 10286, acts as the tender agent, transfer agent and registrar, dividend
disbursing agent and paying agent and/or redemption price disbursing agent with respect to each Fund&#146;s VRDP Shares and will serve in such capacity with respect to the VRDP Shares of the Combined Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_28"></A>VRDP Shares Liquidity Provider </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Bank of America, N.A., New York, New York 10036 serves as the liquidity provider for the MHN and BNY VRDP Shares. The Toronto-Dominion
Bank, acting through its New York branch, New York, New York 10019, serves as the liquidity provider for the Acquiring Fund VRDP Shares and will serve in such capacity with respect to the VRDP Shares of the Combined Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_29"></A>VRDP Shares Remarketing Agent </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BofA Securities, Inc., New York, New York 10036, serves as the remarketing agent for the MHN and BNY VRDP Shares. TD Securities (USA) LLC, New
York, New York 10019, serves as the remarketing agent for the Acquiring Fund VRDP Shares and will serve in such capacity with respect to the VRDP Shares of the Combined Fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">120 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_30"></A>INFORMATION ABOUT THE COMMON SHARES OF THE FUNDS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_31"></A>General </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Common shareholders of each Fund are entitled to share pro rata in dividends declared by such Fund&#146;s Board as payable to holders of the
Fund&#146;s common shares and in the net assets of the Fund available for distribution to holders of the common shares. Common shareholders do not have preemptive or conversion rights and each Fund&#146;s common shares are not redeemable. Voting
rights are similar for the common shareholders of each Fund. Common shareholders of each Fund are entitled to one vote for each Share held by them. Each Fund&#146;s common shares do not have cumulative voting rights, which means that the holders of
more than 50% of a Fund&#146;s common shares voting for the election of Board Members can elect all of the Board Members standing for election by such holders, and, in such event, the holders of the Fund&#146;s remaining common shares will not be
able to elect any Board Members. The outstanding MHN, BNY and Acquiring Fund common shares are fully paid and <FONT STYLE="white-space:nowrap">non-assessable,</FONT> except that the Board of BNY has the power to cause common shareholders to pay
certain expenses of the Fund by setting off charges due from common shareholders from declared but unpaid dividends or distributions owed the common shareholders and/or by reducing the number of common shares owned by each respective common
shareholder. Whenever preferred shares, including VRDP Shares, are outstanding, a Fund is limited in its ability to take certain actions with respect to holders of common shares or any other shares of the Fund ranking junior to or on a parity with
the preferred shares, including that it may not declare a dividend or distribution to holders of common shares or any other shares of the Fund ranking junior to or on a parity with the preferred shares (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 preferred shares as to the payment of dividends or the distribution of assets upon dissolution, liquidation or
winding up of the Fund) 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 Fund ranking junior to the VRDP Shares
as to the payment of dividends or the distribution of assets upon dissolution, liquidation or winding up of the Fund) unless (i)&nbsp;all accumulated dividends on preferred shares have been paid or shall have been declared and sufficient funds for
the payment thereof deposited with the tender and paying agent and (ii)&nbsp;the Fund has redeemed the full number of any shares of preferred required to be redeemed, and unless asset coverage (as defined in the 1940 Act) with respect to preferred
shares at the time of declaration of such dividend (except a dividend payable in shares of common stock) or distribution or at the time of such purchase would be at least 200% after giving effect to the dividend or distribution or purchase price.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_32"></A>Purchase and Sale of Common Shares </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Purchase and sale procedures for the common shares of each of the Funds are identical. Each Fund has its common shares listed on the NYSE.
Investors typically purchase and sell common shares of the Funds through a registered broker-dealer on the NYSE, thereby incurring a brokerage commission set by the broker-dealer. Alternatively, investors may purchase or sell common shares of each
of the Funds through privately negotiated transactions with existing common shareholders. Set forth below is information about each Fund&#146;s common shares as of June 30, 2025. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Title of Class</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Amount</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Authorized</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount<BR>Held&nbsp;by</B><br><B>Fund&nbsp;for&nbsp;its<BR>Own<BR>Account</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B><br><B>Outstanding</B><br><B>Exclusive&nbsp;of</B><br><B>Amount</B><br><B>Shown&nbsp;in</B><br><B>Previous</B><br><B>Column</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Common&nbsp;Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">199,985,044</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">30,241,637</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Common&nbsp;Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Unlimited</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">24,117,105</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Common&nbsp;Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">199,985,363</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">38,313,208</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">121 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_33"></A>Common Share Price Data </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following tables set forth the high and low market prices for common shares of each Fund on the NYSE for each full quarterly period within
each Fund&#146;s two most recent fiscal years and each full quarter since the beginning of each Fund&#146;s current fiscal year, if any, along with the NAV and discount or premium to NAV for each quotation. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="6%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Market Price</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>NAV</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Premium/(Discount)&nbsp;to&nbsp;NAV</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Period&nbsp;Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;High&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Low&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;High&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Low&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;High&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Low&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Trading Volume</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">7/31/2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">4/30/2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.58</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$9.54</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.77</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.81</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(10.11)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(11.75)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">4,328,145</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">1/31/2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.96</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.23</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.24</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.67</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(10.46)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.34)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">4,536,728</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">10/31/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.18</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.61</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.30</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.79</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(9.11)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(10.01)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3,981,840</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">7/31/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.91</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.30</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.80</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(9.98)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.75)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">2,737,895</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">4/30/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.76</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.20</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.31</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.77</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.59)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(13.34)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3,063,146</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">1/31/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.66</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$9.01</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.36</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.62</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(13.75)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(15.16)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">4,857,625</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">10/31/2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.42</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$8.70</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.06</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.60</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(13.60%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(17.92)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">4,134,407</TD></TR>
</TABLE> <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="6%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Market Price</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>NAV</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Premium/(Discount)&nbsp;to&nbsp;NAV</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Period&nbsp;Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;High&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Low&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;High&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Low&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;High&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Low&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Trading&nbsp;Volume</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">7/31/2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">4/30/2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.60</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$9.63</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.71</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.95</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(9.48)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.05)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">2,921,371</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">1/31/2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.83</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.13</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.20</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.63</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(11.23)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.90)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">4,121,125</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">10/31/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.07</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.57</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.26</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.76</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(9.71)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(10.12)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3,241,439</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">7/31/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.90</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.43</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.07</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.78</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(9.73)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(11.49)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">2,392,851</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">4/30/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.68</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.28</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.27</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.81</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.96)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.96)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">2,695,858</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">1/31/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.65</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$8.87</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$12.33</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.46</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(13.63)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(15.20)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3,752,012</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">10/31/2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.39</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$8.66</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.97</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.43</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(13.20)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(16.97)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">3,007,855</TD></TR>
</TABLE> <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</DIV> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="6%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Fund&nbsp;(MYN)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Market Price</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>NAV</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Premium/(Discount)&nbsp;to&nbsp;NAV</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Period&nbsp;Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;High&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Low&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;High&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Low&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;High&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Low&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Trading Volume</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">7/31/2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">4/30/2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.28</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$9.36</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.39</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.48</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(9.75)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(10.69)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">6,216,489</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">1/31/2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.69</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.01</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.85</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.29</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(9.79)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(11.34)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">6,819,894</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">10/31/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.82</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.25</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.91</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.44</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(9.15)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(10.40)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">5,780,778</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">7/31/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.60</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.05</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.74</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.44</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(9.75)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.15)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">4,330,299</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">4/30/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.61</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.04</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.92</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.43</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(10.99)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.16)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">4,681,049</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">1/31/2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.44</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$8.72</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.97</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.28</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(12.78)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(15.18)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">7,175,300</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">10/31/2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.08</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$8.48</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.64</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$10.26</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(13.40)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(17.35)%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">5,535,789</TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For the periods shown in the tables above, the common shares of MHN, BNY and the Acquiring Fund have traded at
a discount. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">122 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The common shares of each Fund have historically traded at a discount. The table below sets
forth the market price, NAV, and the premium/discount to NAV of each Fund as of [&#9679;], 2025. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="95%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="47%"></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Market&nbsp;Price&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;NAV&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Premium/(Discount)&nbsp;to&nbsp;NAV&#8195;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MYN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]%</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent MHN or BNY&#146;s common shares are trading at a wider discount (or a narrower premium) than the
Acquiring Fund at the time of its Merger, MHN or BNY&#146;s common shareholders would have the potential for an economic benefit by the narrowing of the discount or widening of the premium. To the extent MHN or BNY&#146;s common shares are trading
at a narrower discount (or wider premium) than the Acquiring Fund at the time of its Merger, MHN or BNY&#146;s common shareholders may be negatively impacted if its Merger is consummated. Acquiring Fund common shareholders would only benefit from a
premium/discount perspective to the extent the post-Merger discount (or premium) of the Acquiring Fund common shares improves. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There can
be no assurance that, after the Mergers, common shares of the Combined Fund will trade at a narrower discount to NAV or wider premium to NAV than the common shares of any individual Fund prior to the Mergers. Upon consummation of the Mergers, the
Combined Fund common shares may trade at a price that is less than the current market price of Acquiring Fund common shares. In the Mergers, common shareholders of MHN and BNY will receive Acquiring Fund common shares based on the relative NAVs (not
the market values) of the respective Fund&#146;s common shares. The market value of the common shares of the Combined Fund may be less than the market value of the common shares of each respective Fund prior to the Mergers. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Merger(s) are approved by shareholders, effective upon the closing of the Merger(s), the Combined Fund will adopt the Discount
Management Program under which the Combined Fund will, beginning in 2026, intend to offer to purchase a minimum of 5% of its outstanding common shares, subject to the Board&#146;s discretion, at a price equal to 98% of NAV per common share via
annual tender offer if the Combined Fund&#146;s common shares trade at an average daily discount to NAV of more than 10.00% during a measurement period beginning on January 1st and concluding on September 30th of each calendar year. Even if a tender
offer is triggered under the Discount Management Program, there is no guarantee that Combined Fund shareholders will be able to sell all of the shares that they desire to sell in any particular tender offer and there can be no assurances as to the
effect that the Discount Management Program will have on the market for the Combined Fund&#146;s shares or the discount at which the Combined Fund&#146;s shares may trade relative to its NAV. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_34"></A>Performance Information </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The performance table below illustrates the past performance of an investment in common shares of each Fund by setting forth the average total
returns for the Funds for the periods indicated. A Fund&#146;s past performance does not indicate or guarantee how its common shares will perform in the future. Investment return and principal value of an investment will fluctuate so that the common
shares, when sold, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data
current to the most recent month end may be obtained by visiting the <FONT STYLE="white-space:nowrap">&#147;Closed-End</FONT> Funds&#148; section of www.blackrock.com. References to BlackRock&#146;s website are intended to allow investors public
access to information regarding the Funds and do not, and are not intended to, incorporate BlackRock&#146;s website in this Joint Proxy Statement/Prospectus. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">123 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Average Annual Total Returns as of March&nbsp;31, 2025 </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="5" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Annualized Rates of Return</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Trailing&nbsp;12-</FONT></B><br><B>month</B><br><B>Distribution</B><br><B>Yield&nbsp;based</B><br><B>on&nbsp;March&nbsp;
31,</B><br><B>2025</B><br><B>NAV</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>One&nbsp;Year</B><br><B>ended</B><br><B>March&nbsp;31,</B><br><B>2025&nbsp;based</B><br><B>on&nbsp;NAV</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>One&nbsp;Year</B><br><B>ended</B><br><B>March&nbsp;31,</B><br><B>2025&nbsp;based</B><br><B>on&nbsp;Market</B><br><B>Price</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Five&nbsp;Year</B><br><B>ended</B><br><B>March&nbsp;31,</B><br><B>2025&nbsp;based</B><br><B>on&nbsp;NAV</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Five&nbsp;Year</B><br><B>ended</B><br><B>March&nbsp;31,</B><br><B>2025&nbsp;based</B><br><B>on&nbsp;Market</B><br><B>Price</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Ten&nbsp;Year</B><br><B>ended</B><br><B>March&nbsp;31,</B><br><B>2025&nbsp;based</B><br><B>on&nbsp;NAV</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Ten&nbsp;Year</B><br><B>ended</B><br><B>March&nbsp;31,</B><br><B>2025&nbsp;based</B><br><B>on&nbsp;Market</B><br><B>Price</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>BlackRock MuniHoldings New York Quality Fund, Inc.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><B>&nbsp;</B></TD>
<TD VALIGN="top" ALIGN="right"><B>MHN</B></TD>
<TD NOWRAP VALIGN="top"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">5.05%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1.68)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1.08%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(0.27)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.37%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1.85%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1.50%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>BlackRock New York Municipal Income Trust</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><B>&nbsp;</B></TD>
<TD VALIGN="top" ALIGN="right"><B>BNY</B></TD>
<TD NOWRAP VALIGN="top"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">5.04%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(2.09)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1.16%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(0.33)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(0.57)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1.56%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1.03%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>BlackRock MuniYield New York Quality Fund, Inc. (Acquiring Fund)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><B>&nbsp;</B></TD>
<TD VALIGN="top" ALIGN="right"><B>MYN</B></TD>
<TD NOWRAP VALIGN="top"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">5.25%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1.73)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(0.27)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(0.15)%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">0.50%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1.93%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1.73%</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_35"></A>INFORMATION ABOUT THE PREFERRED SHARES OF THE FUNDS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY&#146;s Agreement and Declaration of Trust authorizes the issuance of an unlimited number of shares, par value $.001 per share. Each of
MHN&#146;s and the Acquiring Fund&#146;s charter authorizes the issuance of 200,000,00 shares, par value $0.10 per share, all of which were initially classified as shares of common stock, and, from time to time, subsequently certain of such shares
were reclassified as other classes and series of stock, including that 2,477 shares of the shares of common stock of the Acquiring Fund have been reclassified as Acquiring Fund VRDP Shares and 2,436 of the shares of common stock of MHN have been
reclassified as Target Fund VRDP Shares. The Board of each Fund is authorized, however, to reclassify any unissued shares of capital stock into one or more additional or other classes or series of stock without the approval of its common
shareholders. Set forth below is information about each Fund&#146;s outstanding VRDP Shares as July&nbsp;31, 2025. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00px solid #000000"><B>Title&nbsp;of</B><BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Class</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00px solid #000000"><B>Amount</B><BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Authorized</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Amount</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Authorized</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Under&nbsp;Each</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Series</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Amount</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Held&nbsp;by</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Fund</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>for&nbsp;its</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Own</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Account</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Amount</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Outstanding</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Exclusive&nbsp;of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Amount</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Shown&nbsp;in</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Previous</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Column</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Issue&nbsp;Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Mandatory/</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Term</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Redemption</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Date</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">MHN</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">VRDP<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[2,436]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap">Series&nbsp;W-7&nbsp;&#150;</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[2,436]</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[None]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[1,720]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">06/30/2011</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">07/01/2041</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">BNY</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">VRDP<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[1,794]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">Series&nbsp;W-7&nbsp;&#150;</FONT> [1794]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[None]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[1,320]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">03/31/2021</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">03/31/2051</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Acquiring Fund (MYN)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">VRDP<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[2,477]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">Series&nbsp;W-7&nbsp;&#150;</FONT> [2,477]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[None]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[2,010]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">04/21/2011</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">05/01/2041</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The outstanding preferred shares of each Fund are fully paid and
<FONT STYLE="white-space:nowrap">non-assessable,</FONT> except as provided by each Fund&#146;s respective Agreement and Declaration of Trust or charter, as applicable, and have no preemptive or cumulative voting rights. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">124 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Below is a table that details, as of June&nbsp;30, 2025, (i) each Fund&#146;s current
leverage attributable to preferred shares as a percentage of its total net assets, (ii)&nbsp;the Combined Fund&#146;s leverage attributable to preferred shares on a<I>&nbsp;pro forma</I>&nbsp;basis as a percentage of its total net assets assuming
only the BNY Merger was consummated as of June&nbsp;30, 2025, and (iii)&nbsp;the Combined Fund&#146;s leverage attributable to preferred shares on a <I>pro forma </I>basis as a percentage of its total net assets assuming all of the Mergers were
consummated as of June&nbsp;30, 2025, which represents, in the Investment Advisor&#146;s view, the most likely combination of the Mergers and the combination of the Mergers that would result in the highest leverage attributable to preferred shares.
The table below does not account for any redemptions of preferred shares by a Fund prior to the Closing Date, as further described below. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Title&nbsp;of</B><br><B>Class</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Shares</B><br><B>Outstanding</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Liquidation</B><br><B>Preference</B><br><B>Per Share</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Aggregate</B><br><B>Liquidation</B><br><B>Preference</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;Managed</B><br><B>Assets</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As</B><br><B>Percentage</B><br><B>of&nbsp;Net</B><br><B>Assets</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">2,436</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$243,600,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$576,282,926</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">74.48%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">1,794</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$179,400,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$446,226,530</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">69.46%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">2,477</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$247,700,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$681,175,604</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">61.86%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Pro forma Combined Fund (BNY into MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">4,271</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$427,100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$1,127,402,135</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">64.84%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Pro forma</I> Combined Fund (MHN and BNY into MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">VRDP Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">6,707</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$670,700,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">$1,703,685,061</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">68.04%</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The VRDP Shares were offered to qualified institutional buyers in private transactions exempt from
registration under the Securities Act. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The annualized dividend rates for the preferred shares for each Fund for the twelve-month period
ended January&nbsp;31, 2025 were as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Rate&#8195;&#8195;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4.01%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4.03%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4.22%</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of each Fund has authorized the redemption of up to 67% of the Fund&#146;s currently outstanding
VRDP Shares on one or more occasions between April&nbsp;1, 2025 and October&nbsp;1, 2025. Any such redemption is not related to a Fund&#146;s Merger(s) or contingent on shareholder approval of a Fund&#146;s Merger(s). The timing and amount of any
redemption of a Fund&#146;s currently outstanding VRDP Shares would depend on a number of factors, including, among others, the desired mix of leverage from preferred shares versus TOBs, yield levels and borrowing costs. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with the Mergers, assuming that no MHN or BNY VRDP Shares are redeemed prior to the applicable Closing Date, the Acquiring Fund
expects to issue 2,436 additional VRDP Shares to MHN VRDP Holders and 1,794 additional VRDP Shares to BNY VRDP Holders, which may be of the same Series W-7 VRDP Shares or a new series of VRDP Shares. Following the completion of the Mergers, based on
the Fund&#146;s preferred shares currently outstanding, the Combined Fund is expected to have 6,707 VRDP Shares outstanding. If any Fund partially or fully redeems its preferred shares, the Combined Fund will have fewer than 6,707 VRDP Shares
outstanding, or possibly no VRDP Shares outstanding, following the completion of the Mergers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Assuming all of the Mergers are approved by
the requisite shareholders, upon the Closing Date of the Mergers, Target Fund VRDP Holders will receive the right to receive on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis one newly issued
Acquiring Fund VRDP </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">125 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Share, par value $0.10 per share and with a liquidation preference of $100,000 per share (plus any accumulated and unpaid dividends that have accrued on the Target Fund VRDP Shares up to and
including the day immediately preceding the Closing Date if such dividends have not been paid prior to the Closing Date), in exchange for each Target Fund VRDP Share held by the Target Fund VRDP Holders immediately prior to the Closing Date. The
newly issued Acquiring Fund VRDP Shares may be of the same series as the Acquiring Fund&#146;s outstanding VRDP Shares or a substantially identical series. No fractional Acquiring Fund VRDP Shares will be issued. The terms of the Acquiring Fund VRDP
Shares to be issued in connection with the Mergers will be identical or substantially identical to the terms of the Acquiring Fund&#146;s outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to
the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund. The newly issued Acquiring Fund VRDP Shares will be subject to the same special rate period (including the
terms thereof) applicable to the outstanding Acquiring Fund VRDP Shares as of the Closing Date of the Merger. Such special rate period will terminate on June&nbsp;17, 2026, unless extended. A Fund may designate any succeeding subsequent rate period
of the VRDP Shares as a &#147;special rate period&#148; subject to the restrictions and requirements set forth in the governing instrument for such Fund&#146;s VRDP Shares. During a special rate period, a Fund may choose to modify the terms of the
VRDP Shares as permitted by the governing instrument for such Fund&#146;s VRDP Shares, including, for example, special provisions relating to the calculation of dividends and the redemption of the VRDP Shares. The Mergers will not result in any
changes to the terms of the Acquiring Fund&#146;s VRDP Shares currently outstanding. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The newly issued Acquiring Fund VRDP Shares will
have terms that are similar to the terms of the outstanding Target Fund VRDP Shares, with certain differences. While the MHN VRDP Shares have a mandatory redemption date of July&nbsp;1, 2041 and the BNY VRDP Shares have a mandatory redemption date
of March&nbsp;31, 2051, the newly issued Acquiring Fund VRDP Shares are expected to have a mandatory redemption date of May&nbsp;1, 2041. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description
of the VRDP Shares of MHN, BNY and the Acquiring Fund </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The MHN, BNY and Acquiring Fund VRDP Shares have the benefit of an
unconditional demand feature pursuant to a purchase agreement provided by Bank of America, N.A., in the case of MHN and BNY, and The Toronto-Dominion Bank, in the case of the Acquiring Fund, acting as liquidity provider to ensure full and timely
repayment of the liquidation preference amount plus any accumulated and unpaid dividends to holders upon the occurrence of certain events (the &#147;Liquidity Facility&#148;). Each Fund entered into a fee agreement with its respective liquidity
provider (the &#147;Fee Agreement&#148;) in connection with the Liquidity Facility that requires a monthly liquidity fee payable to the liquidity provider, except during a special rate period. The Fee Agreement between each Fund and the liquidity
provider is scheduled to expire, unless renewed or terminated in advance, on November&nbsp;29, 2025, with respect to MHN and BNY, and on July&nbsp;6, 2025, with respect to the Acquiring Fund.&#8195; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Liquidity Facility requires the liquidity provider to purchase all of a Fund&#146;s VRDP Shares tendered for sale that were not
successfully remarketed. Each Fund is required under the terms of its Fee Agreement to redeem any VRDP Shares owned by the applicable liquidity provider after six months of continuous, unsuccessful remarketing. Upon the occurrence of the first
unsuccessful remarketing, a Fund is required to segregate liquid assets to fund the redemption. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In the event the VRDP Shares Purchase
Agreement (the &#147;Purchase Agreement&#148;) for MHN, BNY or the Acquiring Fund is not renewed, and the Fund does not arrange for a Purchase Agreement with an alternate liquidity provider, the Fund&#146;s VRDP Shares will be subject to mandatory
purchase by the liquidity provider prior to the termination of the Purchase Agreement. There is no assurance that a Fund will replace such redeemed VRDP Shares with any other preferred shares or other form of leverage. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Except during a special rate period, VRDP Holders have the right to give notice on any business day to tender their VRDP Shares for
remarketing in seven days and the VRDP Shares are subject to a mandatory tender for remarketing upon the occurrence of certain events. Should a remarketing be unsuccessful, the dividend rate for the VRDP Shares will reset to a maximum rate as
defined in the governing documents of the VRDP Shares. The VRDP Shares are also subject to certain restrictions on transfer outside of the remarketing process. Except during a special rate period, each of MHN and BNY may incur remarketing fees at an
annual rate equal to (a)&nbsp;the product of 0.10% times $100,000 multiplied by the actual number of days from and including such first calendar day of the immediately preceding calendar month to and including the last calendar day of such
immediately preceding month, or if applicable, the date </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">126 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
of any prior redemption of such VRDP Shares (as the case may be) divided by (b) 365. Except during a special rate period, the Acquiring Fund may incur remarketing fees at an annual rate equal to
(a)&nbsp;the product of 0.05% of 101.85% of the liquidation preference for such VRDP Shares and the actual number of days from and including such first calendar day of the immediately preceding calendar month to and including the last calendar day
of such immediately preceding month, or if applicable, the date of any prior redemption of such VRDP Shares (as the case may be) divided by (b) 365. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN, BNY and the Acquiring Fund are required to redeem their VRDP Shares on July&nbsp;1, 2041, March&nbsp;31, 2051, and May&nbsp;1, 2041,
respectively, the mandatory redemption date for such VRDP Shares, unless earlier redeemed or repurchased. Six months prior to the mandatory redemption date, each Fund is required to begin to segregate liquid assets with its custodian to fund the
redemption. In addition, each Fund is required to redeem certain of its outstanding VRDP Shares if it fails to maintain certain asset coverage, basic maintenance amount or leverage requirements. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Subject to certain conditions, a Fund&#146;s VRDP Shares may be redeemed, in whole or in part, at any time at the option of the Fund. The
redemption price per VRDP Share is equal to the liquidation value per VRDP Share plus any outstanding unpaid dividends. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Except during a
special rate period, dividends on a Fund&#146;s VRDP Shares are payable monthly at a variable rate set weekly by the remarketing agent. Such dividend rates are generally based upon a spread over a base rate and cannot exceed a maximum rate. In the
event of a failed remarketing, the dividend rate of the VRDP Shares will be reset to a maximum rate. The maximum rate is determined based on, among other things, the long-term preferred share rating assigned to the VRDP Shares and the length of time
that the VRDP Shares fail to be remarketed. The maximum rate of the VRDP Shares will not exceed 15% per annum for each Fund, exclusive of any applicable <FONT STYLE="white-space:nowrap">gross-up</FONT> payments or increased dividend payment relating
to the inclusion in any dividend of net capital gains or ordinary income taxable for regular U.S. federal income tax purposes. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As of
June&nbsp;30, 2025, the VRDP Shares of MHN, BNY and the Acquiring Fund were assigned a long-term rating of [Aa2] from Moody&#146;s and [AA] from Fitch. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The short-term ratings on the Acquiring Fund VRDP Shares were withdrawn by Moody&#146;s, Fitch and/or S&amp;P at the commencement of the
special rate period, as described below. The short-term ratings on a Fund&#146;s VRDP Shares are directly related to the short-term ratings of the liquidity provider for the Fund&#146;s VRDP Shares. Changes in the credit quality of the applicable
liquidity provider could cause a change in the short-term credit ratings of the VRDP Shares. Except during a special rate period, a change in the short-term credit rating of the applicable liquidity provider or the VRDP Shares may adversely affect
the dividend rate paid on such VRDP Shares, although the dividend rate paid on the VRDP Shares is not directly related to the short-term rating. The liquidity provider to a Fund&#146;s VRDP Shares may be terminated prior to the scheduled termination
date if such liquidity provider fails to maintain short-term debt ratings in one of the two highest rating categories. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund&#146;s
VRDP Shares are senior in priority to the Fund&#146;s common shares as to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the affairs of such Fund. The VRDP Shares will rank on parity with other
preferred shares of the Fund as to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the Fund&#146;s affairs. The 1940 Act prohibits the declaration of any cash dividend on, or the repurchase or
redemption of, a Fund&#146;s common shares prior to the declaration of any dividend on such Fund&#146;s VRDP Shares if the Fund fails to maintain the asset coverage of at least 200% of the liquidation preference of its outstanding VRDP Shares. In
addition, pursuant to the governing instruments of each Fund&#146;s VRDP Shares, the Fund is restricted from declaring and paying dividends on classes of shares ranking junior to or on parity with the VRDP Shares or repurchasing such shares if the
Fund fails to declare and pay dividends on the VRDP Shares, redeem any VRDP Shares required to be redeemed under the VRDP Shares&#146; governing instruments or comply with the basic maintenance amount requirement of the agencies rating the VRDP
Shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A Fund&#146;s VRDP Holders have voting rights equal to the Fund&#146;s common shareholders (one vote per Share) and will
generally vote together with such common shareholders as a single class. However, the VRDP Holders, voting as a separate class, are also entitled to elect two Board Members for their Fund. In addition, the 1940 Act requires that along with approval
by shareholders that might otherwise be required, the approval of a 1940 Act Majority of a Fund&#146;s VRDP Holders, voting separately as a class, would be required to (a)&nbsp;adopt any plan of reorganization or merger that
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">127 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
would adversely affect the Fund&#146;s VRDP Shares, (b)&nbsp;change the <FONT STYLE="white-space:nowrap">sub-classification</FONT> of a Fund as a
<FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company or change its fundamental investment restrictions or (c)&nbsp;change its business so as to cease to be an investment company. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each of MHN, BNY and the Acquiring Fund previously commenced a special rate period on the date set forth below. The Acquiring Fund&#146;s
special rate period commenced on June&nbsp;22, 2022 and is currently set to expire on June&nbsp;17, 2026. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The VRDP Holders and the
Acquiring Fund may mutually agree to extend the special rate period prior to the expiration of the special rate period. If the special rate period is not extended, the VRDP Shares will revert to remarketable securities upon the termination of the
special rate period and will be remarketed and available for purchase by qualified institutional investors. A Liquidity Facility remains in effect for the duration of the special rate period and the VRDP Shares are still subject to mandatory
redemption by the Acquiring Fund on their mandatory redemption date. However, the VRDP Shares will not be remarketed or subject to optional or mandatory tender events during such time. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">During the special rate period, the Acquiring Fund is required to maintain the same asset coverage, basic maintenance amount and leverage
requirements for the VRDP Shares as was required prior to the special rate period. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">During its current special rate period, the Acquiring
Fund pays dividends monthly based on the sum of the SIFMA Municipal Swap Index and a percentage per annum based on the long-term ratings assigned to the VRDP Shares (the &#147;Ratings Spread&#148;). The Ratings Spread will increase in the event the
VRDP Shares are rated below <FONT STYLE="white-space:nowrap">Aa3/AA-</FONT> by all of the rating agencies rating the VRDP Shares at the time such Ratings Spread is determined, up to a maximum of 3.40% in the event the VRDP Shares are either rated
below <FONT STYLE="white-space:nowrap">Baa3/BBB-</FONT> by at least one of the rating agencies then rating the VRDP Shares or not rated by any rating agency. [As of June&nbsp;30, 2025, the Acquiring Fund VRDP Shares were assigned a long-term rating
of [Aa2] from Moody&#146;s and [AA] from Fitch.] </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The annualized dividend rates of each Fund&#146;s VRDP Shares for each Fund for the
twelve-month period ended January&nbsp;31, 2025, were as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Fund</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;Rate&#8195;&#8195;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MHN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4.01%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BNY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4.03%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquiring Fund (MYN)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4.22%</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If a special rate period is not extended, the VRDP Shares will revert back to remarketable securities and will
be remarketed and available for purchase by qualified institutional investors. There is no assurance that the VRDP Shares will be remarketed or purchased by investors after the termination of a special rate period. If the VRDP Shares are not
remarketed or purchased, then a failed remarketing will occur. As described above, in the event of a failed remarketing, the dividend rate of the VRDP Shares will be reset to the maximum rate and the VRDP Shares that have not been remarketed are
required to be purchased by the liquidity provider and subject to redemption by the Fund after six months of continuous, unsuccessful remarketing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">128 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_36"></A>FINANCIAL HIGHLIGHTS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) </U></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Highlights table is intended to help you understand MHN&#146;s financial performance for the periods shown. Certain information
reflects the financial results for a single common share of MHN. The total returns in the table represent the rate an investor would have earned or lost on an investment in MHN (assuming reinvestment of all dividends and/or distributions, if
applicable). The information for the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended January&nbsp;31, 2025 is unaudited. The information for the remaining periods shown has been audited by [&#9679;], MHN&#146;s independent registered
public accounting firm. Financial statements for the fiscal year ended July&nbsp;31, 2024 and the Report of the Independent Registered Public Accounting Firm thereon appear in MHN&#146;s Annual Report for the fiscal year ended July&nbsp;31, 2024,
and financial statements for the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended January&nbsp;31, 2025 appear in MHN&#146;s most recent Semi-Annual Report, each of which is available upon request. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Please see next page for Financial Highlights Table </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">129 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN Financial Highlights </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Arial" ALIGN="justify">(For a share outstanding throughout each period) </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="44%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">MHN</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Six&nbsp;Months&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">01/31/25</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">(unaudited)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">07/31/24</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">07/31/23</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Period&nbsp;from</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">09/01/21</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">to&nbsp;07/31/22</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">08/31/21</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">08/31/20</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">08/31/19</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Net asset value, beginning of period</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$12.10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$12.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$12.58</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$15.21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$14.92</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$15.31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$14.27</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Net investment income<SUB STYLE="font-size:75%; vertical-align:bottom">(a)</SUB></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.51</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.63</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.60</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.55</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Net realized and unrealized gain (loss)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.33)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.08</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.43)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(2.56)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.43)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.02</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Net increase (decrease) from investment operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.12)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.46</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.02)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(2.05)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.57</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Distributions to Common Shareholders</B><SUB STYLE="font-size:75%; vertical-align:bottom">(b)</SUB><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">From net investment income</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.29)<SUB STYLE="font-size:75%; vertical-align:bottom">(c)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.42)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.37)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.58)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.65)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.56)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.53)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Return of capital</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.06)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.07)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Total distributions to Common Shareholders</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.29)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.48)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.44)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.58)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.65)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.56)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.53)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Net asset value, end of period</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$11.69</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$12.10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$12.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$12.58</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$15.21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$14.92</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$15.31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Market price, end of period</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$10.38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$10.77</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$10.44</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$11.23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$14.74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$13.79</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$13.74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Total Return Applicable to Common Shareholders</B><SUB STYLE="font-size:75%; vertical-align:bottom">(d)</SUB><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Based on net asset value</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.73)%<SUB STYLE="font-size:75%; vertical-align:bottom">(e)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.61%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.53%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(13.49)%<SUB STYLE="font-size:75%; vertical-align:bottom">(e)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">6.70%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.54%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">11.88%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Based on market price</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.97)%<SUB STYLE="font-size:75%; vertical-align:bottom">(e)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">8.09%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(3.00)%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(20.31)%<SUB STYLE="font-size:75%; vertical-align:bottom">(e)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">11.88%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.57%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">16.02%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Ratios to Average Net Assets Applicable to Common Shareholders</B><SUB STYLE="font-size:75%; vertical-align:bottom">(f)</SUB><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Total expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.76%<SUB STYLE="font-size:75%; vertical-align:bottom">(g)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.12%<SUB STYLE="font-size:75%; vertical-align:bottom">(h)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.52%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.78%<SUB STYLE="font-size:75%; vertical-align:bottom">(g)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.57%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.15%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.62%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Total expenses after fees waived and/or reimbursed</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.67%<SUB STYLE="font-size:75%; vertical-align:bottom">(g)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.01%<SUB STYLE="font-size:75%; vertical-align:bottom">(h)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.43%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.70%<SUB STYLE="font-size:75%; vertical-align:bottom">(g)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.51%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.09%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.55%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Total expenses after fees waived and/or reimbursed and excluding interest expense, fees and amortization of offering costs<SUB STYLE="font-size:75%; vertical-align:bottom">(i)(j)</SUB></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.19%<SUB STYLE="font-size:75%; vertical-align:bottom">(g)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.00%<SUB STYLE="font-size:75%; vertical-align:bottom">(h)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.95%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94%<SUB STYLE="font-size:75%; vertical-align:bottom">(g)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.95%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Net investment income to Common Shareholders</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.53%<SUB STYLE="font-size:75%; vertical-align:bottom">(g)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.20%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.47%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.05%<SUB STYLE="font-size:75%; vertical-align:bottom">(g)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.17%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.03%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.82%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; "><B>Supplemental Data</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Net assets applicable to Common Shareholders, end of period (000)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$353,527</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$366,016</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$370,134</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$391,737</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$473,389</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$464,504</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$476,549</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">VRDP Shares outstanding at $100,000 liquidation value, end of period (000)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Asset coverage per VRDP Shares at $100,000 liquidation value, end of period</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$243,798<SUB STYLE="font-size:75%; vertical-align:bottom">(k)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$248,878<SUB STYLE="font-size:75%; vertical-align:bottom">(k)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$247,532<SUB STYLE="font-size:75%; vertical-align:bottom">(k)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$239,843<SUB STYLE="font-size:75%; vertical-align:bottom">(k)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$294,330<SUB STYLE="font-size:75%; vertical-align:bottom">(l)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$290,683<SUB STYLE="font-size:75%; vertical-align:bottom">(l)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$295,628<SUB STYLE="font-size:75%; vertical-align:bottom">(l)</SUB></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; "><SUB STYLE="font-size:75%; vertical-align:bottom"></SUB>&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">TOB Trust Certificates, end of period (000)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$2,250</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$2,250</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$7,284</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$36,527</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$56,376</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$63,384</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$55,899</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Asset coverage per $1,000 of TOB Trust Certificates, end of period<SUB STYLE="font-size:75%; vertical-align:bottom">(m)</SUB></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$266,281</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$271,826</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$85,220</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">$18,386</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">N/A</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">N/A</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">N/A</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-family:Arial; ">Portfolio turnover rate</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">16%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">44%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">43%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">29%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">10%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">23%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(a)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Based on average Common Shares outstanding. </P></TD></TR></TABLE>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(b)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Distributions for annual periods determined in accordance with U.S. federal income tax regulations.
</P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(c)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at
fiscal <FONT STYLE="white-space:nowrap">year-end.</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(d)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Total returns based on market price, which can be significantly greater or less than the net asset value, may result in
substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. </P></TD></TR></TABLE>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(e)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Not annualized. </P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(f)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. </P></TD></TR></TABLE>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(g)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Annualized. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">130 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(h)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Includes <FONT STYLE="white-space:nowrap">non-recurring</FONT> expenses of proxy costs. Without these costs, total
expenses, total expenses after fees waived and/or reimbursed and total expenses after fees waived and/or reimbursed&nbsp;and excluding interest expense, fees, and amortization of offering costs would have been 4.05%, 3.94% and 0.93%, respectively.
</P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(i)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VRDP Shares. See
Note&nbsp;4&nbsp;and Note&nbsp;10&nbsp;of the Notes to Financial Statements for details. </P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(j)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">The total expense ratio after fees waived and/or reimbursed and excluding interest expense, fees, amortization of
offering costs, liquidity and remarketing fees as follows: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:7pt" ALIGN="center">


<TR>

<TD WIDTH="44%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Six&nbsp;Months&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">01/31/25</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">(unaudited)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">07/31/24</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">07/31/23</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Period&nbsp;from</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">09/01/21</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">to&nbsp;07/31/22</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">08/31/21</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">08/31/20</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Arial" ALIGN="right">Year&nbsp;Ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:Arial" ALIGN="right">08/31/19</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD>
<TD HEIGHT="4" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Expense ratios</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.93%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.99%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.93%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.93%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.93%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(k)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Calculated by subtracting the Fund&#146;s total liabilities (not including VRDP&#8201;Shares and TOBs) from the
Fund&#146;s total assets and dividing this by the sum of the amount of TOBs and liquidation value of the VRDP&#8201;Shares, and by multiplying the results by 100,000. </P></TD></TR></TABLE>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(l)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Calculated by subtracting the Fund&#146;s total liabilities (not including VRDP&#8201;Shares) from the Fund&#146;s
total assets and dividing this by the liquidation value of the VRDP&#8201;Shares, and by multiplying the results by 100,000. </P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUB STYLE="font-size:75%; vertical-align:bottom">(m)</SUB></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Effective July&nbsp;18, 2022, TOB Trust Certificates are treated as senior securities pursuant to Rule <FONT
STYLE="white-space:nowrap">18f-4</FONT> of the 1940 Act. Calculated by subtracting the Fund&#146;s total liabilities (not including VRDP&#8201;Shares and TOBs) from the Fund&#146;s total assets and dividing this by the amount of TOBs, and by
multiplying the results by 1,000. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">131 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="65%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">MHN</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">Year Ended August&nbsp;31,</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2018</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2017</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2016</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2015</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2014</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Net asset value, beginning of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.69</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.81</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.98</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13.14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net investment income<SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.60</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.69</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.75</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.80</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.83</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net realized and unrealized gain (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.75</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.91</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.88</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net increase (decrease) from investment operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.04</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.06</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.66</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.65</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.71</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Distributions to Common Shareholders from net investment
income<SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.62</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.70</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.78</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.82</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.87</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Net asset value, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.27</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.69</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.81</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.98</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Market price, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">12.35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.36</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.04</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13.65</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13.64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="21"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Total Return Applicable to Common
Shareholders<SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP></B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0em; text-indent:0em; font-size:8pt; font-family:Arial"><B></B>&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Based on net asset value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.04</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">11.63</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.88</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">21.74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Based on market price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(9.82</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">16.10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">6.16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="21"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Ratios to Average Net Assets Applicable to Common Shareholders</B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0em; text-indent:0em; font-size:8pt; font-family:Arial"><B></B>&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Total expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.45</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.68</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.58</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.66</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Total expenses after fees waived and/or reimbursed and paid indirectly</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.36</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.05</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.62</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.52</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.59</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Total expenses after fees waived and/or reimbursed and paid indirectly and excluding interest expense, fees
and amortization of offering costs<SUP STYLE="font-size:75%; vertical-align:top">(d)(e)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.96</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.95</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.95</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net investment income to Common Shareholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.65</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.91</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">5.35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">5.86</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="21"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Supplemental Data</B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0em; text-indent:0em; font-size:8pt; font-family:Arial"><B></B>&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net assets applicable to Common Shareholders, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">444,369</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">464,818</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">488,318</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">461,159</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">466,412</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">VRDP Shares outstanding at $100,000 liquidation value, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">243,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Asset coverage per VRDP Shares at $100,000 liquidation value, end of year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">282,417</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">290,812</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">300,459</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">289,310</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">291,466</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Borrowings outstanding, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">64,262</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">70,007</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">76,443</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">53,308</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">51,890</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Portfolio turnover rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="left">Based on average Common Shares outstanding. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="left">Distributions for annual periods determined in accordance with U.S. federal income tax regulations. </P></TD></TR></TABLE>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="left">Total returns based on market price, which can be significantly greater or less than the net asset value, may result in
substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(d)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="left">Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VRDP Shares. See Note 4 and Note 10
of the Notes to Financial Statements for details. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(e)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="left">The total expense ratio after fees waived and/or reimbursed and paid indirectly and excluding interest expense, fees,
amortization of offering costs, liquidity and remarketing fees were as follows: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:7pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">Year Ended August&nbsp;31,</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2018</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2017</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2016</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2015</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2014</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Expense ratios</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.95</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.95</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">132 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>BlackRock New York Municipal Income Trust (BNY) </U></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Highlights table is intended to help you understand BNY&#146;s financial performance for the periods shown. Certain information
reflects the financial results for a single common share of BNY. The total returns in the table represent the rate an investor would have earned or lost on an investment in BNY (assuming reinvestment of all dividends and/or distributions, if
applicable). The information for the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended January&nbsp;31, 2025 is unaudited. The information for the remaining periods shown has been audited by [&#9679;], BNY&#146;s independent registered
public accounting firm. Financial statements for the fiscal year ended July&nbsp;31, 2024 and the Report of the Independent Registered Public Accounting Firm thereon appear in BNY&#146;s Annual Report for the fiscal year ended July&nbsp;31, 2024,
and financial statements for the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended January&nbsp;31, 2025 appear in BNY&#146;s most recent Semi-Annual Report, each of which is available upon request. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Please see next page for Financial Highlights Table </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">133 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY Financial Highlights </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="52%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="23" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">BNY</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">&#8194;Six&nbsp;Months&#8194;<br>Ended<br>01/31/25<br>(unaudited)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Year&nbsp;Ended<br>07/31/24</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Year&nbsp;Ended<br>07/31/23</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Year&nbsp;Ended<br>07/31/22</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Year&nbsp;Ended<br>07/31/21</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Year&nbsp;Ended<br>07/31/20</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net asset value, beginning of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12.51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">15.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">15.09</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">15.09</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net investment income<SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net realized and unrealized gain (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.34</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.43</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(2.73</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.05</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net increase (decrease) from investment operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.13</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.03</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(2.16</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Distributions to Common
Shareholders<SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">From net investment income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.29</TD>
<TD NOWRAP VALIGN="bottom">)<SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.41</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.36</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.63</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.73</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Return of capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.06</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.07</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total distributions to Common Shareholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.29</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.47</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.43</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.63</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.73</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.56</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net asset value, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;11.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;12.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;12.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;12.51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;15.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;15.09</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Market price, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10.36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10.71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11.46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">15.49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Total Return Applicable to Common
Shareholders</B><SUP STYLE="font-size:75%; vertical-align:top">(d)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Based on net asset value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.83</TD>
<TD NOWRAP VALIGN="bottom">)%<SUP STYLE="font-size:75%; vertical-align:top">(e)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4.62</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.46</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(14.24</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6.55</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4.12</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Based on market price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.61</TD>
<TD NOWRAP VALIGN="bottom">)%<SUP STYLE="font-size:75%; vertical-align:top">(e)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">8.26</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(5.81</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(22.40</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">15.45</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6.30</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Ratios to Average Net Assets Applicable to Common Shareholders</B><SUP
STYLE="font-size:75%; vertical-align:top">(f)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.54</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.93</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(h)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.78</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.74</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(i)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2.36</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total expenses after fees waived and/or reimbursed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.53</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.89</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(h)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.78</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.74</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(i)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2.36</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total expenses after fees waived and/or reimbursed and excluding interest expense, fees and
amortization of offering costs<SUP STYLE="font-size:75%; vertical-align:top">(j)(k)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.21</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.10</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(h)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.03</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.03</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.16</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(i)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.16</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net investment income to Common Shareholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.46</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.13</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.37</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4.12</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4.35</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4.06</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Supplemental Data</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">134 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="46%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net assets applicable to Common Shareholders, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">280,558</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">290,554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">292,957</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">308,308</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">376,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">195,844</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">VRDP Shares outstanding at $ 100,000 liquidation value, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">179,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">179,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">179,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">179,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">179,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;-&#8195;&#8195;&#8196;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Asset coverage per VRDP Shares at $ 100,000 liquidation value, end of year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">255,150</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(l)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">260,678</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(l)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">258,872</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(l)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">237,449</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(l)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">309,947</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(m)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">&#8195;-&#8195;&#8195;&#8196;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">VMTP Shares outstanding at $ 100,000 liquidation value, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">&#8195;-&#8195;&#8195;&#8196;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">&#8195;-&#8195;&#8195;&#8196;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">&#8195;-&#8195;&#8195;&#8196;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">&#8195;-&#8195;&#8195;&#8196;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">&#8195;-&#8195;&#8195;&#8196;</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">94,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Asset coverage per VMTP Shares at $ 100,000 liquidation value, end of year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8196;-&#8195;&#8195;&#8196;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8196;-&#8195;&#8195;&#8196;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8196;-&#8195;&#8195;&#8196;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8196;-&#8195;&#8195;&#8196;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8196;-&#8195;&#8195;&#8196;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">307,243</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(m)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">TOB Trust Certificates, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1,430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1,430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4,998</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">44,907</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">72,907</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">42,523</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Asset coverage per $ 1,000 of TOB Trust Certificates, end of year(n)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">322,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">329,422</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">95,444</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">N/A</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">N/A</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Portfolio turnover rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Based on average common shares outstanding. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Distributions for annual periods determined in accordance with U.S. federal income tax regulations.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">A portion of the distributions from net investment income may be deemed a return of capital or net realized
gain at fiscal <FONT STYLE="white-space:nowrap">year-end.</FONT> </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(d)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Total returns based on market price, which can be significantly greater or less than the net asset value, may
result in substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(e)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Not annualized. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(f)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Annualized. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(h)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Includes <FONT STYLE="white-space:nowrap">non-recurring</FONT> expenses of proxy costs. Without these costs,
total expenses, total expenses after fees waived and/or reimbursed and total expenses after fees waived and/or reimbursed and excluding interest expense, fees, and amortization of offering costs would have been 3.82%, 3.78% and 0.99%, respectively.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(i)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Includes <FONT STYLE="white-space:nowrap">non-recurring</FONT> expenses of reorganization costs. Without
these costs, total expenses, total expenses after fees waived and/or reimbursed and total expenses after fees waived and/or reimbursed and excluding interest expense, fees, and amortization of offering costs would have been 1.69%, 1.69% and 1.11%,
respectively. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(j)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VRDP Shares. See Note
4 and Note 10 of the Notes to Financial Statements for details. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(k)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">The total expense ratio after fees waived and/or reimbursed and excluding interest expense, fees,
amortization of offering costs, liquidity and remarketing fees as follows: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="52%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Six&nbsp;Months</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Ended</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>01/31/25</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(unaudited)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/24</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/23</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/22</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/21</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/20</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Expense ratios</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.99%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.09%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.02%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.02%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.16%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.16%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(l)</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Calculated by subtracting the Fund&#146;s total liabilities (not including VRDP Shares and TOBs) from the
Fund&#146;s total assets and dividing this by the sum of the amount of TOBs and liquidation value of the VRDP Shares, and by multiplying the results by 100,000. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(m)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Calculated by subtracting the Fund&#146;s total liabilities (not including VRDP/VMTP Shares) from the
Fund&#146;s total assets and dividing this by the liquidation value of the VRDP/VMTP Shares, and by multiplying the results by 100,000. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">135 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(n)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Effective July&nbsp;18, 2022, TOB Trust Certificates are treated as senior securities pursuant to Rule <FONT
STYLE="white-space:nowrap">18f-4</FONT> of the 1940 Act. Calculated by subtracting the Fund&#146;s total liabilities (not including VRDP Shares and TOBs) from the Fund&#146;s total assets and dividing this by the amount of TOBs, and by multiplying
the results by 1,000. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">136 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Arial" ALIGN="justify">(For a share outstanding throughout each period) </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="65%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">BNY</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">Year Ended July&nbsp;31,</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2019</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2018</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2017</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2016</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2015</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Net asset value, beginning of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.52</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.04</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.97</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.68</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net investment income<SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.58</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.60</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.67</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.75</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.79</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net realized and unrealized gain (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.52</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.48</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.85</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.02</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.33</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net increase (decrease) from investment operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.77</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Distributions to Common Shareholders from net investment
income<SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.53</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.72</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.80</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.83</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Net asset value, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.09</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.52</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.04</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.97</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Market price, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13.81</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">12.53</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">16.71</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.54</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="21"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Total Return Applicable to Common
Shareholders<SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP></B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0em; text-indent:0em; font-size:8pt; font-family:Arial"><B>&nbsp;</B></P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Based on net asset value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">8.33</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">12.13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">8.00</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Based on market price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.88</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(14.61</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(3.43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">21.02</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">11.67</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="21"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Ratios to Average Net Assets Applicable to Common Shareholders</B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0em; text-indent:0em; font-size:8pt; font-family:Arial"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Total expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.45</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.75</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Total expenses after fees waived and/or reimbursed and paid indirectly</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.45</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.75</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Total expenses after fees waived and/or reimbursed and paid indirectly and excluding interest expense, fees
and amortization of offering costs<SUP STYLE="font-size:75%; vertical-align:top">(d)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net investment income to Common Shareholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.98</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.06</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.45</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.89</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">5.24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="21"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Supplemental Data</B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0em; text-indent:0em; font-size:8pt; font-family:Arial"><B>&nbsp;</B></P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net assets applicable to Common Shareholders, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">195,868</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">188,452</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">195,029</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">206,414</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">193,299</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">VMTP Shares outstanding at $100,000 liquidation value, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">94,500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">94,500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">94,500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">94,500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">94,500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Asset coverage per VMTP Shares at $100,000 liquidation value, end of year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">307,268</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">299,420</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">306,379</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">318,428</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">304,549</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Borrowings outstanding, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">35,517</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">31,865</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">32,047</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">31,780</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">28,961</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Portfolio turnover rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Based on average common shares outstanding. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Distributions for annual periods determined in accordance with U.S. federal income tax regulations.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Total returns based on market price, which can be significantly greater or less than the net asset value, may result in
substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(d)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VMTP Shares. See Note 4 and Note
10 of the Notes to Financial Statements for details. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">137 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>BlackRock MuniYield New York Quality Fund, Inc. (MYN) </U></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Highlights table is intended to help you understand the Acquiring Fund&#146;s financial performance for the periods shown.
Certain information reflects the financial results for a single common share of the Acquiring Fund. The total returns in the table represent the rate an investor would have earned or lost on an investment in the Acquiring Fund (assuming reinvestment
of all dividends and/or distributions, if applicable). The information for the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended January&nbsp;31, 2025 is unaudited. The information for the remaining periods shown has been audited by
[&#9679;], the Acquiring Fund&#146;s independent registered public accounting firm. Financial statements for the fiscal year ended July&nbsp;31, 2024 and the Report of the Independent Registered Public Accounting Firm thereon appear in the Acquiring
Fund&#146;s Annual Report for the fiscal year ended July&nbsp;31, 2024, and financial statements for the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended January&nbsp;31, 2025 appear in the Acquiring Fund&#146;s most recent Semi-Annual
Report, each of which is available upon request. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Please see next page for Financial Highlights Table </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">138 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The Acquiring Fund (MYN) Financial Highlights </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="23" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>MYN</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8199;Six&nbsp;Months&#8199;</B><br><B>Ended</B><br><B>01/31/25</B><br><B>(unaudited)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended</B><br><B>07/31/24</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended</B><br><B>07/31/23</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended</B><br><B>07/31/22</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended</B><br><B>07/31/21</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended</B><br><B>07/31/20</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net asset value, beginning of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14.38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net investment income<SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net realized and unrealized gain (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.33</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.39</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(2.53</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net increase (decrease) from investment operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(2.01</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Distributions to Common
Shareholders<SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">From net investment income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.29</TD>
<TD NOWRAP VALIGN="bottom">)<SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.41</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.37</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.60</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.61</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.52</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Return of capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.07</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.05</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total distributions to Common Shareholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.29</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.48</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.42</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.60</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.61</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.52</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net asset value, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;11.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;11.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;11.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;12.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;14.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8195;14.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Market price, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10.58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14.56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">13.26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Total Return Applicable to Common
Shareholders</B><SUP STYLE="font-size:75%; vertical-align:top">(d)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Based on net asset value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(0.75</TD>
<TD NOWRAP VALIGN="bottom">)%<SUP STYLE="font-size:75%; vertical-align:top">(e)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5.14</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.64</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(13.74</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6.10</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5.11</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Based on market price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(1.82</TD>
<TD NOWRAP VALIGN="bottom">)%<SUP STYLE="font-size:75%; vertical-align:top">(e)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10.07</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(3.94</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">(21.23</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14.84</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4.65</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Ratios to Average Net Assets Applicable to Common Shareholders</B><SUP
STYLE="font-size:75%; vertical-align:top">(f)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.24</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.57</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(h)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.07</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.59</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.47</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2.05</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total expenses after fees waived and/or reimbursed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.21</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.54</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(h)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.07</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.59</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.47</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2.05</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total expenses after fees waived and/or reimbursed and excluding interest expense, fees and
amortization of offering costs<SUP STYLE="font-size:75%; vertical-align:top">(i)(j)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.84</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.93</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(h)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.89</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.24</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.27</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.21</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net investment income to Common Shareholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.59</TD>
<TD NOWRAP VALIGN="bottom">%<SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.26</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.42</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.91</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4.17</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3.91</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Supplemental Data</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">139 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="46%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net assets applicable to Common Shareholders, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">433,597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">449,341</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">452,980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">479,869</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">583,221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">574,856</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">VRDP Shares outstanding at $ 100,000 liquidation value, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">247,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">247,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">247,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">247,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">247,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">247,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Asset coverage per VRDP Shares at $ 100,000 liquidation value, end of year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8194;266,352</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(k)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8194;272,392</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(k)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8194;269,699</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(k)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8194;256,882</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(k)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8194;335,455</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(l)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#8194;332,077</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:75%; vertical-align:top">(l)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">TOB Trust Certificates, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12,950</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12,950</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">19,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">58,179</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">103,573</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">111,089</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Asset coverage $1,000 of TOB Trust Certificates, end of year(m)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">53,595</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">54,810</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">37,423</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&#8201;$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">13,502</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">N/A</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">N/A</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Portfolio turnover rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">15%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">43%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">40%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">31%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">11%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">11%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Based on average common shares outstanding. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Distributions for annual periods determined in accordance with U.S. federal income tax regulations.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">A portion of the distributions from net investment income may be deemed a return of capital or net realized
gain at fiscal <FONT STYLE="white-space:nowrap">year-end.</FONT> </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(d)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Total returns based on market price, which can be significantly greater or less than the net asset value, may
result in substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(e)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Not annualized. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(f)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(g)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Annualized. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(h)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Includes <FONT STYLE="white-space:nowrap">non-recurring</FONT> expenses of proxy costs. Without these costs,
total expenses, total expenses after fees waived and/or reimbursed and total expenses after fees waived and/or reimbursed and excluding interest expense, fees, and amortization of offering costs would have been 3.50%, 3.47% and 0.86%, respectively.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(i)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VRDP Shares. See Note
4 and Note 10 of the Notes to Financial Statements for details. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(j)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">The total expense ratio after fees waived and/or reimbursed and excluding interest expense, fees,
amortization of offering costs, liquidity and remarketing fees as follows: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="52%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Six&nbsp;Months</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Ended</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>01/31/25</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(unaudited)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/24</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/23</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/22</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/21</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Year&nbsp;Ended</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>07/31/20</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Expense ratios</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.84%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.93%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.89%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.88%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.90%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">0.89%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(k)</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Calculated by subtracting the Fund&#146;s total liabilities (not including VRDP&#8201;Shares and TOBs) from
the Fund&#146;s total assets and dividing this by the sum of the amount of TOBs and liquidation value of the VRDP&#8201;Shares, and by multiplying the results by 100,000. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(l)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Calculated by subtracting the Fund&#146;s total liabilities (not including VRDP&#8201;Shares) from the
Fund&#146;s total assets and dividing this by the liquidation value of the VRDP&#8201;Shares, and by multiplying the results by 100,000. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(m)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Effective July&nbsp;18, 2022, TOB Trust Certificates are treated as senior securities pursuant to Rule <FONT
STYLE="white-space:nowrap">18f-4</FONT> of the 1940 Act. Calculated by subtracting the Fund&#146;s total liabilities (not including VRDP&#8201;Shares and TOBs) from the Fund&#146;s total assets and dividing this by the amount of TOBs, and by
multiplying the results by 1,000. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">140 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Arial" ALIGN="justify">(For a share outstanding throughout each period) </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="65%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">MYN</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">Year Ended July&nbsp;31,</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2019</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2018</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2017</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2016</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Arial; ">2015</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Net asset value, beginning of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13.74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.07</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.09</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net investment income<SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.52</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.58</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.70</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.75</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net realized and unrealized gain (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.63</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.50</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.81</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.09</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net increase (decrease) from investment operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.08</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.84</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Distributions to Common Shareholders from net investment
income<SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.51</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.59</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.65</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.77</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Net asset value, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13.74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.07</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Market price, end of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13.19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">11.89</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13.26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14.40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13.13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="21"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Total Return Applicable to Common
Shareholders<SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP></B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0em; text-indent:0em; font-size:8pt; font-family:Arial"><B>&nbsp;</B></P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Based on net asset value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">9.15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.07</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(0.69</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">12.19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">6.54</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Based on market price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.69</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(6.00</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">(3.29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15.60</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">9.52</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="21"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Ratios to Average Net Assets Applicable to Common Shareholders</B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0em; text-indent:0em; font-size:8pt; font-family:Arial"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Total expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.45</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.51</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.44</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Total expenses after fees waived and/or reimbursed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.45</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">2.19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.50</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.44</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Total expenses after fees waived and/or reimbursed and excluding interest expense and fees, and amortization
of offering costs<SUP STYLE="font-size:75%; vertical-align:top">(d)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">1.08</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.91</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.92</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.89</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">0.89</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net investment income to Common Shareholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">3.80</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.52</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">4.79</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">5.22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="21"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial"><B>Supplemental Data</B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0em; text-indent:0em; font-size:8pt; font-family:Arial"><B>&nbsp;</B></P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Net assets applicable to Common Shareholders, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">569,102</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">543,772</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">564,202</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">596,528</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">560,372</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">VRDP Shares outstanding at $100,000 liquidation value, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">247,700</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">247,700</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">247,700</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">247,700</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">247,700</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Asset coverage per VRDP Shares at $100,000 liquidation value, end of year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">329,755</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">319,528</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">327,776</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">340,827</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">326,230</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Borrowings outstanding, end of year (000)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">104,473</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">113,020</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">113,374</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">112,712</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">93,113</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Arial">Portfolio turnover rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Arial; ">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Arial; ">%&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.50pt solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(a)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Based on average common shares outstanding. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(b)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Distributions for annual periods determined in accordance with U.S. federal income tax regulations.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(c)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Total returns based on market price, which can be significantly greater or less than the net asset value, may result in
substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">(d)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Arial; " ALIGN="justify">Interest expense, fees and amortization of offering costs related to TOBs and/or VRDP Shares. See Note 4 and Note 10 of
the Notes to Financial Statements for details. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">141 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_37"></A>DIVIDENDS AND DISTRIBUTIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_38"></A>General </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
Acquiring Fund&#146;s dividend and distribution policy with respect to common shares will be the Combined Fund&#146;s dividend and distribution policy with respect to common shares. MHN&#146;s and BNY&#146;s dividend and distribution policy with
respect to common shares is identical as that of the Acquiring Fund. The Acquiring Fund intends to make regular monthly cash distributions of all or a portion of its net investment income, after payment of dividends on the Acquiring Fund&#146;s VRDP
Shares outstanding, to holders of the Acquiring Fund&#146;s common shares (stated in terms of a fixed cents per common share dividend distribution rate). In addition, in any monthly period, in order to maintain its declared distribution amount, the
Acquiring Fund may pay out more or less than the entire amount of net investment income earned in any particular month. In the event the Acquiring Fund distributes more than its net investment income during any yearly period, such distributions may
also come from sources other than net income, including a return of capital. Net capital gains, if any, will be distributed at least annually to holders of the Acquiring Fund&#146;s common shares. The Acquiring Fund&#146;s net investment income
consists of all interest income accrued on portfolio assets less all expenses of the Acquiring Fund. The Acquiring Fund is required to allocate net capital gains and other taxable income, if any, received by the Acquiring Fund among its shareholders
on a pro rata basis in the year for which such capital gains and other income is realized. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A return of capital distribution may involve a
return of the shareholder&#146;s original investment.<B>&nbsp;Though not currently taxable, such a distribution may lower a shareholder&#146;s basis in the Acquiring Fund, thus potentially subjecting the shareholder to future tax consequences in
connection with the sale of Acquiring Fund shares, even if sold at a loss to the shareholder&#146;s original investment.</B><B></B>&nbsp;Shareholders should not draw any conclusions about the Acquiring Fund&#146;s investment performance from the
amount of the Acquiring Fund&#146;s distributions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The tax treatment and characterization of the Acquiring Fund&#146;s distributions may
vary significantly from time to time because of the varied nature of the Acquiring Fund&#146;s investments. The ultimate tax characterization of the Acquiring Fund&#146;s distributions made in a fiscal year cannot finally be determined until after
the end of that fiscal year. As a result, there is a possibility that the Acquiring Fund may make total distributions during a fiscal year in an amount that exceeds the Acquiring Fund&#146;s earnings and profits for U.S. federal income tax purposes.
In such situations, the amount by which the Acquiring Fund&#146;s total distributions exceed earnings and profits would generally be treated as a return of capital reducing the amount of a shareholder&#146;s tax basis in such shareholder&#146;s
shares, with any amounts exceeding such basis treated as gain from the sale of shares. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Various factors will affect the level of the
Acquiring Fund&#146;s net investment income, such as its asset mix, portfolio turnover level, performance of its investments, level of retained earnings, the amount of leverage utilized by the Acquiring Fund and the effects thereof, the costs of
such leverage, the movement of interest rates for municipal bonds and general market conditions. To permit the Acquiring Fund to maintain more stable monthly distributions and to the extent consistent with the distribution requirements imposed on
regulated investment companies by the Code, the Acquiring Fund may from time to time distribute more or less than the entire amount earned in a particular period. Undistributed earnings will increase the Acquiring Fund&#146;s NAV and,
correspondingly, distributions from undistributed earnings and from capital, if any, will reduce the Acquiring Fund&#146;s NAV. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Acquiring
Fund common shareholders will automatically have all dividends and distributions reinvested in common shares issued by the Acquiring Fund or Acquiring Fund common shares purchased in the open market in accordance with the Acquiring Fund&#146;s
Automatic Dividend Reinvestment Plan, unless an election is made to receive cash by contacting the Reinvestment Plan Agent (as defined herein), at (800) <FONT STYLE="white-space:nowrap">699-1236.</FONT> For information concerning the manner in which
dividends and distributions to holders of the Acquiring Fund common shares may be reinvested automatically in the Acquiring Fund common shares, see &#147;Automatic Dividend Reinvestment Plan.&#148; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund reserves the right to change its distribution policy and the basis for establishing the rate of its monthly distributions
at any time and may do so without prior notice to common shareholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">142 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_39"></A>Undistributed Net Investment Income </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Mergers are approved by shareholders, then the greater of (1)&nbsp;substantially all of the UNII, if any, or (2)&nbsp;the monthly
distribution of each Fund is expected to be declared to such Fund&#146;s common shareholders prior to the Closing Date (previously defined as the <FONT STYLE="white-space:nowrap">&#147;Pre-Merger</FONT> Declared UNII Distributions&#148;). The
declaration date, the <FONT STYLE="white-space:nowrap">Ex-Dividend</FONT> Date and record date of the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions will occur prior to the Closing Date. However, all or a significant
portion of the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions may be paid in one or more distributions to common shareholders of the Funds entitled to such <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared
UNII Distributions after the Closing Date. Former MHN and BNY shareholders entitled to such <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions paid after the Closing Date will receive such distributions in cash
post-Merger. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Persons who purchase common shares of any of the Funds on or after the <FONT STYLE="white-space:nowrap">Ex-Dividend</FONT>
Date for the <FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distributions should not expect to receive any distributions from any Fund until distributions, if any, are declared by the Board of the Combined Fund and paid to
shareholders entitled to any such distributions. No such distributions are expected to be paid by the Combined Fund until at least approximately one month following the Closing Date. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Additionally, the Acquiring Fund, in order to seek to provide its common shareholders with distribution rate stability, may include in its <FONT
STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution amounts in excess of its undistributed net investment income and net investment income accrued through the Closing Date. This would result in the Acquiring Fund issuing
incrementally more common shares in the Mergers since its NAV as of the valuation time for the Mergers would be lower relative to a scenario where such excess amounts were not included in the Acquiring Fund&#146;s
<FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent any
<FONT STYLE="white-space:nowrap">Pre-Merger</FONT> Declared UNII Distribution is not an &#147;exempt interest dividend&#148; (as defined in the Code), the distribution may be taxable to shareholders for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_40"></A>Restrictions on Distributions to Common Shares </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While there are any preferred shares of the Acquiring Fund outstanding, the Acquiring Fund may not declare any cash dividend or other cash
distribution on its common shares, unless at the time of such declaration, (i)&nbsp;all accrued preferred shares dividends have been paid or shall have been declared and sufficient funds for the payment thereof deposited with the tender and paying
agent and (ii)&nbsp;the value of the Acquiring Fund&#146;s total assets (determined after deducting the amount of such dividend or other distribution), less all liabilities and indebtedness of the Acquiring Fund, is at least 200% (as required by the
1940 Act) of the liquidation preference of the outstanding preferred shares (expected to equal the aggregate original purchase price of the outstanding preferred shares plus any accrued and unpaid dividends thereon, whether or not earned or declared
on a cumulative basis). In addition to the requirements of the 1940 Act, the Acquiring Fund may be required to comply with other asset coverage requirements as a condition of the Acquiring Fund obtaining a rating of its preferred shares from a
nationally recognized rating service. These requirements may include an asset coverage test more stringent than that under the 1940 Act. This limitation on the Acquiring Fund&#146;s ability to make distributions on its common shares could in certain
circumstances impair the ability of the Acquiring Fund to maintain its qualification for taxation as a regulated investment company under the Code. The Acquiring Fund intends, however, to the extent possible, to purchase or redeem preferred shares
from time to time to maintain compliance with such asset coverage requirements and may pay special dividends to the holders of the preferred shares in certain circumstances in connection with any such impairment of the Acquiring Fund&#146;s status
as a regulated investment company under the Code. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_41"></A>Tax Treatment of Distributions </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The tax treatment and characterization of the Acquiring Fund&#146;s distributions may vary significantly from time to time because of the
varied nature of the Acquiring Fund&#146;s investments. The Acquiring Fund will indicate the proportion of its capital gains distributions that constitute long-term and short-term gains annually. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The final tax characterization of distributions is determined after the end of the Acquiring Fund&#146;s fiscal year and is reported to
shareholders on Form 1099. Distributions will be characterized as <FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest income, ordinary </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">143 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
income, capital gains and/or return of capital. The Acquiring Fund&#146;s net investment income or net realized capital gains may not be sufficient to support the level of distributions paid. To
the extent that distributions exceed the Acquiring Fund&#146;s current and accumulated earnings and profits in the current fiscal year, the excess may be treated as a return of capital. A return of capital distribution does not necessarily reflect
the Acquiring Fund&#146;s investment performance and should not be confused with &#145;yield&#146; or &#145;income.&#146; A return of capital is a return of a portion of an investor&#146;s original investment. A return of capital is generally not
taxable, but it reduces a shareholder&#146;s tax basis in his or her shares, thus reducing any loss or increasing any gain on a subsequent disposition by the shareholder of his or her shares. It is possible that a substantial portion of the
distributions paid during a calendar year may ultimately be classified as return of capital for income tax purposes when the final determination of the source and character of the distributions is made. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">144 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_42"></A>AUTOMATIC DIVIDEND REINVESTMENT PLAN </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Pursuant to the Acquiring Fund&#146;s Dividend Reinvestment Plan (the &#147;Reinvestment Plan&#148;), common shareholders are automatically
enrolled to have all distributions of dividends and capital gains and other distributions reinvested by Computershare Trust Company, N.A. (the &#147;Reinvestment Plan Agent&#148;) in the Acquiring Fund&#146;s common shares pursuant to the
Reinvestment Plan. Shareholders who do not participate in the Reinvestment Plan will receive all distributions in cash paid by check and mailed directly to the shareholders of record (or if the shares are held in street name or other nominee name,
then to the nominee) by the Reinvestment Plan Agent, which serves as agent for the shareholders in administering the Reinvestment Plan. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">After the Acquiring Fund declares a dividend or determine to make a capital gain or other distribution, the Reinvestment Plan Agent will
acquire shares for the participants&#146; accounts, depending upon the following circumstances, either (i)&nbsp;through receipt of unissued but authorized shares from the Acquiring Fund (&#147;newly issued shares&#148;) or (ii)&nbsp;by purchase of
outstanding shares on the open market or on the Acquiring Fund&#146;s primary exchange (&#147;open-market purchases&#148;). If, on the dividend payment date, the NAV per share is equal to or less than the market price per share plus estimated
brokerage commissions (such condition often referred to as a &#147;market premium&#148;), the Reinvestment Plan Agent will invest the dividend amount in newly issued shares acquired on behalf of the participants. The number of newly issued shares to
be credited to each participant&#146;s account will be determined by dividing the dollar amount of the dividend by the NAV on the date the shares are issued. However, if the NAV is less than 95% of the market price on the dividend payment date, the
dollar amount of the dividend will be divided by 95% of the market price on the dividend payment date. If, on the dividend payment date, the NAV is greater than the market price per share plus estimated brokerage commissions (such condition often
referred to as a &#147;market discount&#148;), the Reinvestment Plan Agent will invest the dividend amount in shares acquired on behalf of the participants in open-market purchases. If the Reinvestment Plan Agent is unable to invest the full
dividend amount in open-market purchases, or if the market discount shifts to a market premium during the purchase period, the Reinvestment Plan Agent will invest any <FONT STYLE="white-space:nowrap">un-invested</FONT> portion in newly issued
shares. Investments in newly issued shares made in this manner would be made pursuant to the same process described above and the date of issue for such newly issued shares will substitute for the dividend payment date. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">You may elect not to participate in the Reinvestment Plan and to receive all dividends in cash by contacting the Reinvestment Plan Agent, at
the address set forth below. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Participation in the Reinvestment Plan is completely voluntary and may be terminated or resumed at any time
without penalty by notice if received and processed by the Reinvestment Plan Agent prior to the dividend record date. Additionally, the Reinvestment Plan Agent seeks to process notices received after the record date but prior to the payable date and
such notices often will become effective by the payable date. Where late notices are not processed by the applicable payable date, such termination or resumption will be effective with respect to any subsequently declared dividend or other
distribution. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Reinvestment Plan Agent&#146;s fees for the handling of the reinvestment of distributions will be paid by the Acquiring
Fund. However, each participant will pay a pro rata share of brokerage commissions incurred with respect to the Reinvestment Plan Agent&#146;s open-market purchases in connection with the reinvestment of all distributions. The automatic reinvestment
of all distributions will not relieve participants of any U.S. federal, state or local income tax that may be payable on such dividends or distributions. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund reserves the right to amend or terminate the Reinvestment Plan. There is no direct service charge to participants in the
Reinvestment Plan; however, the Acquiring Fund reserves the right to amend the Reinvestment Plan to include a service charge payable by the participants. Participants in the Acquiring Fund that request a sale of shares are subject to a $0.02 per
share sold brokerage commission. All correspondence concerning the Reinvestment Plan should be directed to Computershare Trust Company, N.A. through the internet at computershare.com/blackrock, or in writing to Computershare, P.O. Box 43006,
Providence, RI 02940-3078, Telephone: (800) <FONT STYLE="white-space:nowrap">699-1236.</FONT> Overnight correspondence should be directed to the Reinvestment Plan Agent at Computershare, 150 Royall Street, Suite 101, Canton, MA 02021. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">145 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_43"></A>CERTAIN PROVISIONS OF THE AGREEMENT AND DECLARATION OF TRUST,
CHARTERS AND BYLAWS </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each of BNY&#146;s Agreement and Declaration of Trust, and MHN&#146;s and the Acquiring Fund&#146;s charter and
each Fund&#146;s Amended and Restated Bylaws include provisions that could have the effect of limiting the ability of other entities or persons to acquire control of the applicable Fund or to change the composition of its Board. This could have the
effect of depriving shareholders of an opportunity to sell their shares at a premium over prevailing market prices by discouraging a third-party from seeking to obtain control over the Fund. Such attempts could have the effect of increasing the
expenses of the Fund and disrupting the normal operation of the Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Provisions in the Agreement and Declaration of Trust or Charter of Each
Fund </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of each Fund is divided into three classes, with the terms of one class expiring at each annual meeting of
shareholders. At each annual meeting, one class of Board Members for each Fund is elected to a three-year term. This provision could delay for up to two years the replacement of a majority of the Board of each Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For MHN and the Acquiring Fund, a Board Member may be removed with or without cause, but only by action taken by the holders of at least <FONT
STYLE="white-space:nowrap">sixty-six</FONT> and <FONT STYLE="white-space:nowrap">two-thirds</FONT> percent (66<SUP STYLE="vertical-align:top">2</SUP>&#8260;<SUB STYLE="vertical-align:bottom">3</SUB>%) of the shares of capital stock then entitled to
vote in an election to fill that directorship. For BNY, a Board Member may be removed for cause only, and not without cause, and only by action taken by a majority of the remaining Board Members, followed by the holders of at least seventy five
percent (75%) of the shares then entitled to vote in an election of such Board Member. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund&#146;s outstanding preferred shares,
including VRDP Shares, voting together as a class, to the exclusion of the holders of all other securities and classes of shares of such Fund, are entitled to elect two Board Members of such Fund at all times. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For MHN and the Acquiring Fund, each of the Fund&#146;s charters provide that, a favorable vote of the holders of at least <FONT
STYLE="white-space:nowrap">sixty-six</FONT> and <FONT STYLE="white-space:nowrap">two-thirds</FONT> percent (66<SUP STYLE="vertical-align:top">2</SUP>&#8260;<SUB STYLE="vertical-align:bottom">3</SUB>%) of the outstanding shares of capital stock of
the Fund entitled to be voted on the matter shall be required to approve, adopt or authorize (i)&nbsp;a merger or consolidation or statutory share exchange of MHN or the Acquiring Fund with any other corporation, (ii)&nbsp;a sale of all or
substantially all of the assets of MHN or the Acquiring Fund (other than in the regular course of its investment activities), or (iii)&nbsp;a liquidation or dissolution of MHN or the Acquiring Fund, unless such action has previously been approved,
adopted or authorized by the affirmative vote of at least <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the total number the Board Members fixed in accordance with the bylaws of the MHN or the Acquiring Fund, in which case the affirmative
vote of the holders of a majority of the outstanding shares of capital stock of MHN or the Acquiring Fund entitled to vote thereon shall be required. For BNY, BNY&#146;s Agreement and Declaration of Trust generally provides that BNY may merge or
consolidate with any other corporation, association, trust or other organization or may sell, lease or exchange all or substantially all of BNY&#146;s property, including BNY&#146;s good will, upon such terms and conditions and for such
consideration when and as authorized by <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the Board Members and approved by a 1940 Act Majority. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to MHN and the Acquiring Fund, Subtitle 8 of Title 3 of the Maryland General Corporation Law permits a Maryland corporation with
a class of equity securities registered under the Securities and Exchange Act of 1934, as amended, and at least three independent directors to elect to be subject, by provision in its charter or bylaws or a resolution of its board of directors, as
documented pursuant to the filing of articles supplementary, and notwithstanding any contrary provision in the charter or bylaws, to certain statutory provisions, including a provision requiring that a vacancy on the board that results from an
increase in the size of the Board or the death, resignation or removal of a director be filled only by the remaining directors and for the remainder of the full term of the directorship in which the vacancy occurred. Pursuant to Subtitle 8 and by
amendment to the bylaws and filing of articles supplementary, the Boards of MHN and the Acquiring Fund elected to be subject to such provision. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of each Fund has determined that the voting requirements described above are in the best interests of shareholders of their Fund
generally. Reference should be made to the Agreement and Declaration of Trust or charter of each Fund, as applicable, on file with the SEC for the full text of these provisions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">146 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Provisions in the Bylaws of Each Fund </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund&#146;s bylaws generally require that advance notice be given to the Fund in the event a shareholder desires to nominate a person for
election to the Board or to transact any other business at an annual meeting of shareholders. Notice of any such nomination or business must be delivered to or received at the principal executive offices of the Fund not less than 120 calendar days
nor more than 150 calendar days prior to the anniversary date of the prior year&#146;s annual meeting (subject to certain exceptions). Any notice by a shareholder must be accompanied by certain information as provided in the bylaws. Reference should
be made to each Fund&#146;s bylaws on file with the SEC for the full text of these provisions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">147 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_44"></A>GOVERNING LAW </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN was incorporated as a Maryland corporation governed by the laws of the State of Maryland on April&nbsp;24, 1997, and commenced operations
on September&nbsp;19, 1997. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY was formed as a Delaware statutory trust governed by the Delaware Statutory Trust Act on March&nbsp;30,
2001, and commenced operations on July&nbsp;27, 2001. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund was incorporated as a Maryland corporation governed by the laws
of the State of Maryland on December&nbsp;17, 1991, and commenced operations on March&nbsp;16, 1992. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In general, a Delaware statutory
trust provides greater flexibility with respect to procedural matters and a corporation provides greater certainty with respect to limitation of personal liability. Under the Delaware Statutory Trust Act, shareholders of a Delaware statutory trust
are entitled to the same limitation of personal liability as is extended to shareholders of a private corporation organized for profit under the General Corporation Law of the State of Delaware. However, there is a remote possibility that
shareholders of a Delaware statutory trust could, under certain circumstances be held liable for the Delaware statutory trust&#146;s liabilities to the extent the courts of another state refused to recognize such limited liability in a controversy
involving a Delaware statutory trust&#146;s obligations. BNY&#146;s governing document disclaims shareholder liability for acts or obligations of such Fund. Thus, a Delaware statutory trust shareholder&#146;s risk of incurring financial loss due to
shareholder liability is limited to circumstances in which a court refuses to recognize the Delaware Statutory Trust Act and the complaining party is held not bound by the Delaware statutory trust&#146;s disclaimer regarding shareholder liability. A
Maryland corporation provides greater certainty with respect to limitation of personal liability. Shareholders of a Maryland corporation currently have no personal liability for the corporation&#146;s acts or obligations, except that a shareholder
may be liable to the extent that (i)&nbsp;the shareholder knowingly accepted a distribution in violation of such Maryland corporation&#146;s charter or the Maryland General Corporation Law or (ii)&nbsp;the subscription price or other agreed upon
consideration for stock subscribed for has not been paid. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In contrast to the Maryland General Corporation Law, the Delaware Statutory
Trust Act allows the parties to define their business relationships. The Delaware Statutory Trust Act generally provides rules only in situations where the governing instrument does not address the subject matter, and the Delaware Statutory Trust
Act gives maximum effect to the principle of freedom of contract and to the enforceability of a statutory trust&#146;s governing instrument. The Delaware Statutory Trust Act permits a trust&#146;s governing instrument to contain provisions relating
to shareholder rights and removal of trustees, and provides trusts with the ability to amend or restate the trust&#146;s governing instruments. The Delaware Statutory Trust Act also authorizes the trustees to take various actions without requiring
shareholder approval if permitted by a Fund&#146;s governing instruments. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The foregoing discusses only certain differences between BNY
under Delaware law and MHN and the Acquiring Fund under Maryland law. It is not intended to be a complete list of differences, and shareholders should refer to the relevant laws of each state and the provisions of each Fund&#146;s applicable
organizational documents for a more thorough comparison. Such documents are filed as part of each Fund&#146;s registration statement with the SEC, and shareholders may obtain copies of such documents as described on page iv of this Joint Proxy
Statement/Prospectus. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">148 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_45"></A>CONVERSION TO <FONT STYLE="white-space:nowrap">OPEN-END</FONT>
FUND </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BNY&#146;s Agreement and Declaration of Trust provides that a favorable vote of a majority of BNY&#146;s Board Members followed
by the favorable vote of the holders of not less than seventy-five percent (75%) of the shares of each affected class or series outstanding, voting as separate classes or series, shall be required to approve, adopt or authorize an amendment to the
Agreement and Declaration of Trust that makes BNY&#146;s shares a &#147;redeemable security&#148; (as defined in the 1940 Act), unless such amendment has been approved by 80% of the Board Members, in which case approval by a 1940 Act Majority shall
be required. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each of MHN&#146;s and the Acquiring Fund&#146;s charter provides that a favorable vote of the holders of at least <FONT
STYLE="white-space:nowrap">sixty-six</FONT> and <FONT STYLE="white-space:nowrap">two-thirds</FONT> percent (66<SUP STYLE="vertical-align:top">2</SUP>&#8260;<SUB STYLE="vertical-align:bottom">3</SUB>%) of the outstanding shares of capital stock
entitled to be voted on the matter shall be required to approve, adopt or authorize an amendment to the Fund&#146;s charter that makes the common stock a &#147;redeemable security&#148; (as defined in the 1940 Act), unless such action has previously
been approved, adopted or authorized by the affirmative vote of at <FONT STYLE="white-space:nowrap">least&nbsp;two-thirds&nbsp;of</FONT> each Fund&#146;s Board Members, in which case the affirmative vote of the holders of a majority of the
outstanding shares of capital stock of the Fund entitled to vote thereon shall be required. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The foregoing votes would satisfy a separate
requirement in the 1940 Act that any conversion of a Fund to an <FONT STYLE="white-space:nowrap">open-end</FONT> investment company be approved by the shareholders. If approved in the foregoing manner, we anticipate conversion of a Fund to an <FONT
STYLE="white-space:nowrap">open-end</FONT> investment company might not occur until 90 days after the shareholders&#146; meeting at which such conversion was approved and would also require at least 10 days&#146; prior notice to all shareholders.
Following any such conversion, it is possible that certain of the Fund&#146;s investment policies and strategies would have to be modified to assure sufficient portfolio liquidity. In the event of conversion, the Fund&#146;s common shares would
cease to be listed on the NYSE and the Fund&#146;s preferred shares would be redeemed. Shareholders of an <FONT STYLE="white-space:nowrap">open-end</FONT> investment company may require the company to redeem their shares at any time, except in
certain circumstances as authorized by or under the 1940 Act, at their NAV, less such redemption charge, if any, as might be in effect at the time of redemption. An <FONT STYLE="white-space:nowrap">open-end</FONT> investment company expects to pay
all such redemption requests in cash, but reserves the right to pay redemption requests in a combination of cash and securities. If such partial payment in securities were made, investors may incur brokerage costs in converting such securities to
cash. If a Fund were converted to an <FONT STYLE="white-space:nowrap">open-end</FONT> investment company, it is likely that new shares would be sold at NAV plus a sales load. Each Board believes, however, that its Fund&#146;s <FONT
STYLE="white-space:nowrap">closed-end</FONT> structure is desirable in light of its Fund&#146;s investment objective and policies. Therefore, shareholders should assume that it is not likely that any Board would vote to convert its Fund to an <FONT
STYLE="white-space:nowrap">open-end</FONT> fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">149 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_46"></A>CAPITALIZATION TABLE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of each Fund may authorize separate classes of shares together with such designation of preferences, rights, voting powers,
restrictions, limitations, qualifications or terms as may be determined from time to time by the Board of such Fund. The tables below set forth (i)&nbsp;the capitalization of MHN and the Acquiring Fund as of July&nbsp;31, 2025 and the<I>&nbsp;pro
forma</I>&nbsp;capitalization of the Combined Fund assuming only the MHN Merger was consummated as of July&nbsp;31, 2025, (ii)&nbsp;the capitalization of BNY and the Acquiring Fund as of July&nbsp;31, 2025 and the<I>&nbsp;pro
forma</I>&nbsp;capitalization of the Combined Fund assuming only the BNY Merger was consummated as of July&nbsp;31, 2025, and (iii)&nbsp;the capitalization of the Funds as of July&nbsp;31, 2025 and the<I>&nbsp;pro forma</I>&nbsp;capitalization of
the Combined Fund assuming all of the Mergers were consummated as of July&nbsp;31, 2025. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Capitalization of MHN and MYN as of
July&nbsp;31, 2025 and </B><B><I>pro forma</I></B><B> capitalization of the Combined Fund assuming only the MHN Merger as of July&nbsp;31, 2025 is consummated (unaudited) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8195;&#8195;MHN&#8195;&#8195;&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8201;Acquiring&nbsp;Fund&#8195;&#8201;</B><br><B>(MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8199;&#8195;&#8195;Adjustments&#8199;&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro forma</I></B><B></B><br><B>Combined</B><br><B>&#8195;&#8195;Fund&nbsp;(MHN&#8195;&#8195;</B><br><B>into MYN)</B></TD></TR>


<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net Assets Attributable to:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Common Shares<SUP STYLE="font-size:75%; vertical-align:top">(1)
</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]<SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">&#8195;--</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Shares Outstanding</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Common Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]<SUP STYLE="font-size:75%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">&#8195;--</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>NAV per Common Share</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Liquidation Preference per VRDP Share</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">&#8195;--</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD></TR>
</TABLE> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Based on the number of outstanding common shares as of July&nbsp;31, 2025. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Reflects <FONT STYLE="white-space:nowrap">non-recurring</FONT> aggregate estimated Merger expenses of
$[&#9679;], of which $[&#9679;] was attributable to MHN and $[&#9679;] was attributable to the Acquiring Fund. The actual costs associated with the Mergers may be more or less than the estimated costs discussed herein. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Reflects adjustments due to differences in per common share NAV. </P></TD></TR></TABLE>
<P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Capitalization of BNY and MYN as of July&nbsp;31, 2025 and </B><B><I>pro forma</I></B><B> capitalization of the Combined Fund assuming only
the BNY Merger is consummated as of July&nbsp;31, 2025 (unaudited) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8195;&#8195;BNY&#8195;&#8195;&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8201;Acquiring&nbsp;Fund&#8195;&#8201;</B><br><B>(MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8199;Adjustments&#8195;&#8195;&#8199;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B></B><B><I>Pro forma</I></B><B></B><br><B>Combined</B><br><B>&#8195;&#8195;Fund&nbsp;(BNY&#8195;&#8195;</B><br><B>into MYN)</B></TD></TR>


<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net Assets Attributable to:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Common Shares<SUP STYLE="font-size:75%; vertical-align:top">(1)
</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]<SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">&#8195;--</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Shares Outstanding</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Common Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]<SUP STYLE="font-size:75%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">&#8195;--</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>NAV per Common Share</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Liquidation Preference per VRDP Share</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">&#8195;--</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD></TR>
</TABLE> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Based on the number of outstanding common shares as of July&nbsp;31, 2025. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Reflects <FONT STYLE="white-space:nowrap">non-recurring</FONT> aggregate estimated Merger expenses of
$[&#9679;], of which $[&#9679;] was attributable to BNY and $[&#9679;] was attributable to the Acquiring Fund. The actual costs associated with the Mergers may be more or less than the estimated costs discussed herein. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">150 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Reflects adjustments due to differences in per common share NAV. </P></TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Capitalization of each Fund as of July&nbsp;31, 2025 and </B><B><I>pro forma</I></B><B> capitalization of the Combined Fund assuming all
Mergers are consummated as of July&nbsp;31, 2025 (unaudited) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><B>&#8195;&#8195;&#8195;<U>MHN</U>&#8195;&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><B>&#8195;&#8195;&#8195;<U>BNY</U>&#8195;&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>&#8195;&#8201;<U>Acquiring</U>&#8195;&#8201;</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B><U>Fund</U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B><U>(MYN)</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><B>&#8195;&#8199;<U>Adjustments</U>&#8195;&#8199;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I><U>Pro forma</U></I></B><B></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B><U>Combined</U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>&#8195;<U>Fund&nbsp;(MHN</U>&#8195;</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B><U>and BNY</U></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B><U>into
MYN)</U></B></P></TD></TR>


<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net Assets Attributable to:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Common
Shares<SUP STYLE="font-size:75%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]<SUP STYLE="font-size:75%; vertical-align:top">2)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">&#8195;--</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Shares Outstanding</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Common Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]<SUP STYLE="font-size:75%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">&#8195;--</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#e7e6e6">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#e7e6e6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>NAV per Common Share</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$[&#9679;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="1"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD>
<TD HEIGHT="1" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:1pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Liquidation Preference per VRDP or VMTP Share</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">&#8195;--</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:1pt ;">$100,000</TD></TR>
</TABLE> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Based on the number of outstanding common shares as of July&nbsp;31, 2025. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Reflects <FONT STYLE="white-space:nowrap">non-recurring</FONT> aggregate estimated Merger expenses of
$[&#9679;], of which $[&#9679;] was attributable to MHN, $[&#9679;] was attributable to BNY, and $[&#9679;] was attributable to the Acquiring Fund. The actual costs associated with the Mergers may be more or less than the estimated costs discussed
herein. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Reflects adjustments due to differences in per common share NAV. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">151 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_47"></A>VOTING RIGHTS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Voting rights are similar for the holders of each Fund&#146;s common shares. Holders of each Fund&#146;s common shares are entitled to one
vote for each common share held by them. Holders of each Fund&#146;s preferred shares are entitled to one vote for each preferred share held by them. Each Fund&#146;s common shares and preferred shares do not have cumulative voting rights. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_48"></A>APPRAISAL RIGHTS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Common shareholders of BNY do not have appraisal rights for their common or preferred shares because BNY is formed as a Delaware statutory
trust and the Fund&#146;s Agreement and Declaration of Trust, states that the shareholders are not entitled to appraisal rights. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under
Maryland law, stockholders are entitled to demand the fair value of their shares from the successor entity in connection with a merger except where any exceptions apply, which exceptions include if any shares of the class or series are listed on a
national securities exchange, such as the common shares of MHN and the Acquiring Fund, on the Record Date. No exception exists for the Target Fund VRDP Shares and therefore the MHN VRDP Holders are entitled to demand the fair value of their VRDP
Shares from the Acquiring Fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">152 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_49"></A>U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE MERGERS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following is a general summary of the U.S. federal income tax consequences of the Mergers to the U.S. holders of MHN and BNY common
shares. The discussion is based upon the Code, Treasury regulations, court decisions, published positions of the IRS and other applicable authorities, all as in effect on the date hereof and all of which are subject to change or differing
interpretations (possibly with retroactive effect). The discussion is limited to U.S. persons who hold common shares of MHN and BNY as capital assets for U.S. federal income tax purposes (generally, assets held for investment). This summary does not
address all of the U.S. federal income tax consequences that may be relevant to a particular shareholder or to shareholders who may be subject to special treatment under U.S. federal income tax laws. No ruling has been or will be obtained from the
IRS regarding any matter relating to the Mergers. No assurance can be given that the IRS would not assert, or that a court would not sustain, a position contrary to any of the tax aspects described below. This summary of U.S. federal income tax
consequences is for general information only. The Funds&#146; shareholders should consult their own tax advisers regarding the U.S. federal income tax consequences of the Mergers, as well as the effects of state, local and <FONT
STYLE="white-space:nowrap">non-U.S.</FONT> tax laws, including possible changes in tax law. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">It is a condition to the closing of the
Mergers that each Fund receives an opinion from Willkie, dated as of the Closing Date, regarding the characterization of each Merger as a &#147;reorganization&#148; within the meaning of Section&nbsp;368(a) of the Code. The opinion of Willkie will
be based on U.S. federal income tax law in effect on the Closing Date. In rendering its opinion, Willkie will also rely upon certain representations of the management of each Fund and assume, among other things, that the Mergers will be consummated
in accordance with each Merger Agreement and other operative documents and as described herein. An opinion of counsel is not binding on the IRS or any court. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As a merger, the U.S. federal income tax consequences of the Mergers can be summarized as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">No gain or loss will be recognized by a Fund or the Merger Sub by reason of the Mergers or upon the
liquidation of the Merger Sub. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">No gain or loss will be recognized by a shareholder of MHN and BNY upon the conversion of the
shareholder&#146;s common shares solely into Acquiring Fund common shares in the Merger of the respective Target Fund with and into the corresponding Merger Sub (except with respect to cash received in lieu of a fractional Acquiring Fund common
share, as discussed below). </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The aggregate tax basis of Acquiring Fund common shares received by a shareholder of MHN and BNY pursuant to
the Mergers will be the same as the aggregate tax basis of the shareholder&#146;s MHN and BNY common shares converted into Acquiring Fund common shares (reduced by any amount of tax basis allocable to a fractional Acquiring Fund common share for
which cash is received). </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The holding period of Acquiring Fund common shares received by a shareholder of MHN and BNY pursuant to the
Mergers (including any fractional Acquiring Fund common share to which a Target Fund common shareholder would be entitled) will include the holding period of the shareholder&#146;s common shares converted into Acquiring Fund common shares.
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A shareholder of MHN and BNY that receives cash in lieu of a fractional Acquiring Fund common share in
connection with the Mergers will be treated as having received cash in exchange for such fractional Acquiring Fund common share. A MHN and BNY shareholder that receives cash in lieu of a fractional Acquiring Fund common share will recognize capital
gain or loss equal to the difference between the amount of cash deemed received for the fractional Acquiring Fund common share and MHN and BNY shareholder&#146;s tax basis in MHN and BNY common shares allocable to the fractional Acquiring Fund
common share. The capital gain or loss will be a long-term capital gain or loss if MHN and BNY shareholder&#146;s holding period for MHN and BNY common shares is more than one year as of the date the Mergers are consummated. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The tax basis of the Acquiring Fund and the applicable Merger Sub in MHN&#146;s and BNY&#146;s assets received
pursuant to the Mergers will, in each instance, equal the tax basis of such assets in the hands of MHN and BNY immediately </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">153 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
prior to the Closing Date, and the holding period of the Acquiring Fund and the applicable Merger Sub for such assets will, in each instance, include the period during which the assets were held
by MHN and BNY. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund intends to continue to be taxed under the rules applicable to regulated investment
companies as defined in Section&nbsp;851 of the Code, which are the same rules currently applicable to each Fund and its shareholders. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">None of the Funds intend to sell any assets in connection with the Mergers other than in the ordinary course of business. If, however, assets
of MHN and BNY were to be sold in connection with the Mergers, or if such assets were required to be marked to market as a result of the termination of MHN&#146;s and BNY&#146;s taxable year or as a result of the transfer of certain assets in the
Mergers, the tax impact of any such sales (or deemed sales) would depend on the difference between the price at which such portfolio assets are sold and MHN&#146;s and BNY&#146;s basis in such assets. Any capital gains recognized in these sales (or
deemed sales) on a net basis will be distributed to MHN and BNY shareholders as capital gain dividends (to the extent of net realized long-term capital gains) and/or ordinary dividends (to the extent of net realized short-term capital gains) during
or with respect to the year of sale (or deemed sale) and prior to or after the date of the Mergers, and such distributions will be taxable to MHN and BNY shareholders. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Prior to the Closing Date, each Fund will declare a distribution to its shareholders, which together with all previous distributions, will
have the effect of distributing to the shareholders of such Fund all of the Fund&#146;s (i)&nbsp;investment company income (computed without regard to the deduction for dividends paid), if any, through the Closing Date, (ii)&nbsp;net capital gains,
if any, through the Closing Date, and (iii)&nbsp;net <FONT STYLE="white-space:nowrap">tax-exempt</FONT> interest income, if any, through the Closing Date. To the extent that such a distribution is not an &#147;exempt interest dividend&#148; (as
defined in the Code), the distribution may be taxable to shareholders for U.S. federal income tax purposes. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund will
succeed to capital loss carryforwards (and certain unrealized <FONT STYLE="white-space:nowrap">built-in</FONT> losses, if any) of MHN and BNY, which are expected to be subject to tax loss limitation rules because each Fund will undergo an
&#147;ownership change&#148; for U.S. federal income tax purposes. Because each Fund will undergo an &#147;ownership change,&#148; the Code will generally limit the amount of <FONT STYLE="white-space:nowrap">pre-ownership</FONT> change losses of
each Fund that may be used to offset post-ownership change gains to a specific &#147;annual loss limitation amount&#148; (generally the product of (i)&nbsp;the fair market value of the stock of the Fund, with certain adjustments, immediately prior
to the Mergers and (ii)&nbsp;a rate established by the IRS). Subject to certain limitations, any unused portion of these losses may be available in subsequent years, subject to the remaining portion of any applicable capital loss carryforward limit,
as measured from the date of recognition. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Although the capital loss carryforwards of the Combined Fund attributable to MHN and BNY may be
subject to tax loss limitation rules to the extent outlined above, it is currently expected that such tax loss limitation rules should not have a material adverse effect on the Combined Fund&#146;s utilization of MHN&#146;s and BNY&#146;s capital
loss carryforward as compared with what each Fund&#146;s utilization of its own capital loss carryforward would be without the Mergers. The ability of each Fund (and the Combined Fund) to utilize any capital loss carryforwards now or in the future
depends on many variables and assumptions, including but not limited to, projected performance of a Fund, the unrealized gain/loss position of a Fund, the types of securities held by a Fund, the current and future market environment (including the
level of interest rates), portfolio turnover and applicable law, and is, therefore, highly uncertain. As of July&nbsp;31, 2025, the Funds&#146; unused capital loss carryforwards, which have no expiration date and may be carried forward indefinitely,
were as follows: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Capital Loss Carryforward Amount </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="55%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MHN</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BNY</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring&nbsp;Fund</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(MYN)</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">$[&#9679;]</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD></TR>
</TABLE> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Due to the operation of these tax loss limitation rules, it is possible that shareholders of MHN, BNY or the
Acquiring Fund would receive taxable distributions of short-term and long-term capital gains earlier than they would have in the absence of the Mergers. Such taxable distributions will be treated either as ordinary income (and not as favorably taxed
&#147;qualified dividend income&#148;) if such capital gains are short-term or as favorably taxed capital gain dividends if such capital gains are long-term. The actual financial effect of the loss limitation rules on a shareholder of MHN and
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">154 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
BNY whose losses are subject to the loss limitation rules would depend on many variables, including MHN&#146;s and BNY&#146;s expected growth rate if the relevant Merger were not to occur
(<I>i.e.</I>, whether, in the absence of the Mergers, MHN and BNY would generate sufficient capital gains against which to utilize its capital loss carryforwards (and certain realized <FONT STYLE="white-space:nowrap">built-in</FONT> losses), in
excess of what would have been the &#147;annual loss limitation amount&#148; had the relevant Mergers occurred), the timing and amount of future capital gains recognized by the Combined Fund if the Mergers were to occur, and the timing of a historic
MHN and BNY shareholder&#146;s disposition of its Shares (the tax basis of which might, depending on the facts, reflect that shareholder&#146;s share of such Fund&#146;s capital losses). Shareholders of all of the Funds should consult their own tax
advisors in this regard. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For five years beginning on the Closing Date of the Mergers, the Combined Fund will not be allowed to offset
certain <FONT STYLE="white-space:nowrap">pre-Merger</FONT> <FONT STYLE="white-space:nowrap">built-in</FONT> gains attributable to a Fund that is a gain corporation with capital loss carryforwards (and certain
<FONT STYLE="white-space:nowrap">built-in</FONT> losses) attributable to another Fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">155 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_50"></A>VOTING INFORMATION AND REQUIREMENTS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_51"></A>Record Date </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds have fixed the close of business on [&#9679;], 2025 as the Record Date for the determination of shareholders entitled to notice of,
and to vote at, the Special Meeting or any adjournment or postponement thereof. Shareholders on the Record Date will be entitled to one vote for each Share held, with no Shares having cumulative voting rights. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A list of each Fund&#146;s shareholders of record as of the Record Date will be available for inspection during the Special Meeting. For BNY,
a list of shareholders of record as of the Record Date will also be available at the office of the Fund, 100 Bellevue Parkway, Wilmington, DE 19809, for inspection by a Fund&#146;s shareholders during regular business hours beginning ten days prior
to the date of the Special Meeting. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As of the Record Date, the Funds had the following number of common shares and preferred shares
outstanding: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Title of Class</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;MHN&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;BNY&#8195;&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8194;Acquiring&#8195;&#8194;</B><br><B>Fund</B><br><B>(MYN)</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">VRDP Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">[&#9679;]</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_52"></A>Proxies </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders may vote by participating at the Special Meeting remotely, by returning the enclosed proxy card or by casting their vote via
telephone or the Internet using the instructions provided on the enclosed proxy card (described in greater detail below). Shareholders of each Fund have the opportunity to submit their voting instructions via the Internet or by
&#147;touch-tone&#148; telephone voting. The giving of such a proxy will not affect your right to vote should you decide to attend the Special Meeting remotely. To use the Internet, please access the Internet address found on your proxy card. To
record your voting instructions by automated telephone, please call the toll-free number listed on your proxy card. The Internet and automated telephone voting instructions are designed to authenticate shareholder identities, to allow shareholders
to give their voting instructions, and to confirm that shareholders&#146; instructions have been recorded properly. Shareholders submitting their voting instructions via the Internet should understand that there may be costs associated with Internet
access, such as usage charges from Internet access providers and telephone companies that must be borne by the shareholders. Any person giving a proxy may revoke it at any time prior to its exercise by giving written notice of the revocation to the
Secretary of the Fund at 50 Hudson Yards, New York, New York 10001, by delivering a duly executed proxy bearing a later date, by recording later-dated voting instructions via the Internet or automated telephone or by attending the Special Meeting
and voting. The giving of a proxy will not affect your right to vote if you attend the Special Meeting and wish to do so. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Votes cast by
proxy or at the Special Meeting will be tabulated by the inspectors of election appointed for the Special Meeting. For BNY, the holders of a majority of the shares entitled to vote on any matter at the Special Meeting present at the Special Meeting
or by proxy shall constitute a quorum at such Special Meeting of the shareholders for purposes of conducting business on such matter. For each of MHN and the Acquiring Fund, the presence in person or by proxy of the holders of the Fund&#146;s Shares
entitled to cast <FONT STYLE="white-space:nowrap">one-third</FONT> of the votes entitled to be cast shall constitute a quorum at any meeting of shareholders, except with respect to any matter which requires approval by a separate vote of one or more
classes or series of Shares, in which case the presence at the Special Meeting or by proxy of the holders of Shares entitled to cast <FONT STYLE="white-space:nowrap">one-third</FONT> of the votes entitled to be cast by each class or series entitled
to vote as a separate class or series shall constitute a quorum. A quorum, once established, shall not be broken by the withdrawal of enough votes to leave less than a quorum. If, however, such quorum shall not be present or represented at any
meeting of the shareholders, the chair of the meeting shall have power to adjourn the meeting from time to time, in the manner provided in the Fund&#146;s bylaws, until a quorum shall be present or represented. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The inspectors of election, who may be employees of BlackRock, will determine whether or not a quorum is present at the Special Meeting. The
inspectors of election will generally treat abstentions and &#147;broker <FONT STYLE="white-space:nowrap">non-votes&#148;</FONT> (<I>i.e.</I>, shares held by brokers or nominees, typically in &#147;street name,&#148; as to which proxies have been
returned but (a)&nbsp;instructions </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">156 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
have not been received from the beneficial owners or persons entitled to vote and (b)&nbsp;the broker or nominee does not have discretionary voting power or elects not to exercise discretion on a
particular matter) as present for purposes of determining a quorum, subject to any applicable rules of the NYSE. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If you hold your shares
directly (not through a broker-dealer, bank or other financial institution) and if you return a properly executed proxy card that does not specify how you wish to vote on a proposal, your shares will be voted &#147;FOR&#148; each proposal on which
you are entitled to vote. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund expects that broker-dealer firms holding shares of the Fund in &#147;street name&#148; for their
customers will not be permitted by NYSE rules to vote on the proposals on behalf of their customers and beneficial owners in the absence of voting instructions from their customers and beneficial owners. Accordingly, the Funds do not expect to
receive any <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;broker&nbsp;non-votes.&#148;&nbsp;Broker&nbsp;non-votes&nbsp;occur</FONT></FONT> when shares are held by brokers or nominees for which proxies have been returned but
(a)&nbsp;voting instructions have not been received from the beneficial owners or persons entitled to vote, (b)&nbsp;the broker or nominee does not have discretionary voting power or elects not to exercise discretion on a particular matter and
(c)&nbsp;the shares are present at the meeting.<B>&nbsp;We urge you to instruct your broker or other nominee to vote your shares.</B> </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If
you hold shares of a Fund through a bank or other financial institution or intermediary (called a service agent) that has entered into a service agreement with the Fund or a distributor of the Fund, the service agent may be the record holder of your
shares. At the Special Meeting, a service agent will vote shares for which it receives instructions from its customers in accordance with those instructions. A properly executed proxy card or other authorization by a shareholder that does not
specify how the shareholder&#146;s shares should be voted on a proposal may be deemed to authorize a service provider to vote such shares in favor of the proposal. Depending on its policies, applicable law or contractual or other restrictions, a
service agent may be permitted to vote shares with respect to which it has not received specific voting instructions from its customers. In those cases, the service agent may, but may not be required to, vote such shares in the same proportion as
those shares for which the service agent has received voting instructions. This practice is commonly referred to as &#147;echo voting.&#148; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">All properly executed proxies received prior to the Special Meeting will be voted in accordance with the instructions marked thereon or
otherwise as provided therein. Unless instructions to the contrary are marked, proxies will be voted &#147;FOR&#148; the approval of each proposal. Abstentions and broker <FONT STYLE="white-space:nowrap">non-votes</FONT> are not treated as votes
&#147;FOR&#148; a proposal. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Common shareholders of MHN are being asked to consider Proposal 1(A) below. With respect to Proposal 1(A),
abstentions and broker <FONT STYLE="white-space:nowrap">non-votes</FONT> will be counted as shares present and will therefore have the same effect as votes &#147;AGAINST&#148; the proposal. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Common shareholders of BNY are being asked to consider Proposal 1(C) below. With respect to Proposal 1(C), abstentions and broker <FONT
STYLE="white-space:nowrap">non-votes</FONT> will be counted as shares present and will therefore have the same effect as votes &#147;AGAINST&#148; the proposal. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Common shareholders of the Acquiring Fund are being asked to consider Proposals 2(A) and 2(B) below. With respect to Proposals 2(A) and 2(B),
abstentions will be counted as &#147;votes cast&#148; and will therefore have the same effect as votes &#147;AGAINST&#148; the proposal and broker <FONT STYLE="white-space:nowrap">non-votes</FONT> will not have any effect on the result of the vote.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_53"></A>Voting Requirement for Proposal 1: The Mergers of the Funds </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Proposals</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Required Approval of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Shareholders</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.10em; margin-right:0.10em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(A):</I> The common shareholders and VRDP Holders of MHN are being
asked to vote as a single class on a proposal to approve the MHN Merger Agreement and the transactions contemplated therein, including that MHN will merge with and into the MHN Merger Sub, with the issued and outstanding common shares and VRDP
Shares, if any, of MHN being converted into the</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.10em; margin-right:0.10em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Majority of outstanding shares entitled to
vote</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">157 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.10em; margin-right:0.10em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">right to receive newly issued common shares and VRDP Shares of the Acquiring Fund,
respectively.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.10em; margin-right:0.10em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Proposal 1(C)</I>: The common shareholders and VRDP Holders of BNY are being
asked to vote as a single class on a proposal to approve the BNY Merger Agreement and the transactions contemplated therein, including that BNY will merge with and into the BNY Merger Sub, with the issued and outstanding common shares and VRDP
Shares, if any, of BNY being converted into the right to receive newly issued common shares and VRDP Shares of the Acquiring Fund, respectively.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.10em; margin-right:0.10em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1940 Act Majority</P></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="toc61427_54"></A>Voting Requirement for Proposal 2: The Issuance of Acquiring Fund Common Shares </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Proposals</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Required Approval of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Shareholders</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.10em; margin-right:0.10em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Proposal 2(A): The common shareholders and VRDP Holders of the Acquiring Fund are
being asked to vote as a single class on a proposal to approve the MHN Issuance.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.10em; margin-right:0.10em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Majority of outstanding shares entitled to vote</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.10em; margin-right:0.10em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Proposal 2(B): The common shareholders and VRDP Holders of the Acquiring Fund are
being asked to vote as a single class on a proposal to approve the BNY Issuance.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.10em; margin-right:0.10em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Majority of outstanding shares entitled to vote</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">158 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_55"></A>SHAREHOLDER INFORMATION </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Unless otherwise indicated, the information set forth below is as of [&#9679;], 2025 (the Record Date for the Special Meeting). To each
Fund&#146;s knowledge, no person beneficially owned more than 5% of the Fund&#146;s respective outstanding shares, except as set forth below. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="15%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="27%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fund<SUP STYLE="font-size:75%; vertical-align:top"><FONT
STYLE="font-size:6.5pt">&#134;</FONT></SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Investor</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Address</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&#8199;Common&#8199;</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Shares</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Held</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&#8199;Common&#8199;</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Shares&nbsp;%</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Held</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&#8199;Preferred&#8199;</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Shares</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Held</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&#8199;Preferred&#8199;</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Shares&nbsp;%</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Held</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">[&#9679;]</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD></TR>
</TABLE> <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#134;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">The information contained in this table is based on Schedule 13D/13G filings made on or before [&#9679;],
2025. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As of [&#9679;], 2025, the officers and Board Members of each Fund, as a group, beneficially owned less than 1%
of the outstanding common shares of each such Fund and none of the outstanding VRDP Shares of each such Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_56"></A>SHAREHOLDER PROPOSALS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To be considered for presentation at a shareholder&#146;s meeting, rules promulgated by the SEC generally require that, among other things, a
shareholder&#146;s proposal must be received at the offices of the relevant Fund a reasonable time before solicitation is made. In addition, each Fund&#146;s bylaws provide for advance notice provisions, which require shareholders to give timely
notice in proper written form to the Secretary of the Fund. Shareholders should review each Fund&#146;s bylaws for additional information regarding the Funds&#146; advance notice provisions. The bylaws of MHN, and BNY were filed with the SEC on
October&nbsp;12, 2022 and October&nbsp;29, 2010, respectively. The bylaws of the Acquiring Fund were filed with the SEC on October&nbsp;12, 2022. Shareholders may obtain copies of such documents as described on page iv of this Joint Proxy
Statement/Prospectus. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The timely submission of a proposal does not necessarily mean that such proposal will be included. Any shareholder
who wishes to submit a proposal for consideration at a meeting of such shareholder&#146;s Fund should send such proposal to the relevant Fund at 50 Hudson Yards, New York, New York 10001. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_57"></A>STANDSTILL AGREEMENTS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On May&nbsp;3, 2024, each Fund and the Investment Advisor separately entered into a standstill agreement with Karpus Management, Inc.
(&#147;Karpus&#148;). During the effective period of each such standstill agreement, Karpus, each Fund and the Investment Advisor agreed to be bound by the terms of such agreement, which include an agreement by Karpus to (1)&nbsp;abide by certain
standstill covenants, and (2)&nbsp;vote its common shares of the Fund, if any, in accordance with the recommendation of such Fund&#146;s Board on all proposals submitted to shareholders. Each such standstill agreement will remain in effect until the
earlier of (A)&nbsp;May&nbsp;3, 2027 and (B) 10 days prior to the record date for the applicable Fund&#146;s 2027 annual meeting of shareholders, unless the agreement is terminated earlier by the parties. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On January&nbsp;20, 2025, each Fund and the Investment Advisor entered into a standstill agreement with Saba Capital Management, L.P.
(&#147;Saba&#148;). During the effective period of each such standstill agreement, Saba, each Fund and the Investment Advisor agreed to be bound by the terms of such agreement, which include an agreement by Saba to (1)&nbsp;abide by certain
customary standstill covenants, and (2)&nbsp;vote its common shares of the Fund, if any, in accordance with the recommendation of such Fund&#146;s Board on all matters submitted to shareholders. Each such standstill agreement will remain in effect
until the day following completion of the applicable Fund&#146;s 2027 annual meeting of shareholders or August&nbsp;31, 2027, whichever is earlier, unless the agreement is terminated earlier by the parties. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_58"></A>SOLICITATION OF PROXIES </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Solicitation of proxies is being made primarily by the mailing of this Notice and Joint Proxy Statement/Prospectus with its enclosures on or
about [&#9679;], 2025. Shareholders of the Funds whose shares are held by nominees such as </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">159 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
brokers can vote their proxies by contacting their respective nominee. In addition to the solicitation of proxies by mail, employees of the Investment Advisor and their affiliates as well as
dealers or their representatives may solicit proxies by mail, telephone, fax or the internet. The Funds and the Investment Advisor have retained Georgeson LLC to assist with the distribution of proxy materials and the solicitation and tabulation of
proxies. The cost of Georgeson LLC&#146;s services in connection with the proxy is anticipated to be approximately $[&#9679;], $[&#9679;], and $[&#9679;] for MHN, BNY and the Acquiring Fund, respectively. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_59"></A>LEGAL MATTERS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain legal matters concerning the U.S. federal income tax consequences of the Mergers will be passed upon by Willkie Farr&nbsp;&amp;
Gallagher LLP, which serves as counsel to the Funds. Certain legal matters concerning the issuance of the new common shares and VRDP Shares of the Acquiring Fund will be passed upon by [&#9679;], which serves as special Maryland counsel to the
Acquiring Fund. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_60"></A>INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The independent registered public accounting firm for the Funds performs an annual audit of each Fund&#146;s financial statements. Each
Fund&#146;s Board has appointed [&#9679;] to be each Fund&#146;s independent registered public accounting firm. [&#9679;] is located at [&#9679;]. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_61"></A>OTHER MATTERS WITH RESPECT TO THE MEETING </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders who want to communicate with the Board or any individual Board Member should write to the attention of the Secretary of their
Fund, 50 Hudson Yards, New York, NY 10001. Shareholders may communicate with the Boards electronically by sending an <FONT STYLE="white-space:nowrap">e-mail</FONT> to <I>closedendfundsbod@blackrock.com</I>. The communication should indicate that you
are a Fund shareholder. If the communication is intended for a specific Board Member and so indicates, it will be sent only to that Board Member. If a communication does not indicate a specific Board Member, it will be sent to the Chair of the
Governance Committee and the outside counsel to the Independent Board Members for further distribution as deemed appropriate by such persons. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Additionally, shareholders with complaints or concerns regarding accounting matters may address letters to the Chief Compliance Officer
(&#147;CCO&#148;) of their respective Fund, 50 Hudson Yards, New York, NY 10001. Shareholders who are uncomfortable submitting complaints to the CCO may address letters directly to the Chair of the Audit Committee of the Board that oversees the
Fund. Such letters may be submitted on an anonymous basis. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_62"></A>ADJOURNMENTS AND POSTPONEMENTS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Special Meeting may be adjourned with respect to a Fund. The Board of each Fund may, prior to the Special Meeting being convened, postpone
such meeting from time to time to a date not more than 120 days after the original record date. The chair of the Special Meeting may adjourn the meeting from time to time to reconvene at the same or some other place, and notice need not be given of
any such adjourned meeting if the time and place, if any, thereof and the means of remote communications, if any, by which shareholders and proxyholders may be deemed to be present and vote at such adjourned meeting are announced at the meeting at
which the adjournment is taken. At the adjourned meeting, each Fund may transact any business which might have been transacted at the original meeting. Any adjourned meeting may be held as adjourned one or more times without further notice not later
than one hundred and twenty (120)&nbsp;days after the original record date. If after the adjournment a new record date is fixed for the adjourned meeting, notice of the adjourned meeting in accordance with the requirements of each Fund&#146;s bylaws
shall be given to each shareholder of record entitled to vote at the meeting and each other shareholder entitled to notice of the meeting. For Fund shareholders who held shares on the original record date and remain shareholders on the new
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">160 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
record date that already voted and do not wish to change their vote, the voting instructions previously submitted are expected to remain in effect for shares held on the new record date. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_63"></A>PRIVACY PRINCIPLES OF THE FUNDS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds are committed to maintaining the privacy of shareholders and to safeguarding their
<FONT STYLE="white-space:nowrap">non-public</FONT> personal information. The following information is provided to help you understand what personal information the Funds collect, how we protect that information, and why in certain cases we may share
such information with select other parties. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds do not receive any <FONT STYLE="white-space:nowrap">non-public</FONT> personal
information relating to their shareholders who purchase shares through their broker-dealers. In the case of shareholders who are record holders of a Fund, the Fund receives personal <FONT STYLE="white-space:nowrap">non-public</FONT> information on
account applications or other forms. With respect to these shareholders, the Funds also have access to specific information regarding their transactions in each Fund. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds do not disclose any <FONT STYLE="white-space:nowrap">non-public</FONT> personal information about their shareholders or former
shareholders to anyone, except as permitted by law or as is necessary in order to service our shareholders&#146; accounts (for example, to a transfer agent). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds restrict access to <FONT STYLE="white-space:nowrap">non-public</FONT> personal information about their shareholders to BlackRock
employees with a legitimate business need for the information. The Funds maintain physical, electronic and procedural safeguards designed to protect the <FONT STYLE="white-space:nowrap">non-public</FONT> personal information of our shareholders.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_64"></A>OTHER INFORMATION </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock is independent in ownership and governance, with no single majority stockholder and a majority of independent directors. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If you cannot be present at the Special Meeting, please fill in, sign and return the enclosed proxy card or please record your voting
instructions by telephone or via the Internet promptly. No postage is necessary if the enclosed proxy card is mailed in the United States. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">John M.
Perlowski <I> </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>President and Chief Executive Officer </I> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock MuniHoldings New York Quality Fund, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock New York Municipal Income Trust </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock MuniYield New York Quality Fund, Inc. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[&#9679;], 2025 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">161 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_65"></A>APPENDIX A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF AGREEMENT AND PLAN OF MERGER </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">THIS AGREEMENT AND PLAN OF MERGER (the &#147;Agreement&#148;) is made as of this [&#9679;] day of [&#9679;], 2025, by and
among BlackRock MuniYield New York Quality Fund, Inc., a Maryland corporation and registered <FONT STYLE="white-space:nowrap">non-diversified</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT> investment company (the &#147;Acquiring
Fund&#148;), [BlackRock MuniHoldings New York Quality Fund, Inc., a Maryland corporation and registered <FONT STYLE="white-space:nowrap">non-diversified</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT> investment company] [BlackRock New
York Municipal Income Trust, a Delaware statutory trust and registered diversified <FONT STYLE="white-space:nowrap">closed-end</FONT> investment company] (the &#147;Target Fund&#148;), and [&#9679;], LLC (the &#147;Merger Sub&#148;), a [Maryland]<SUP
STYLE="font-size:75%; vertical-align:top">1</SUP> [Delaware]<SUP STYLE="font-size:75%; vertical-align:top">2</SUP> limited liability company and a direct, wholly-owned subsidiary of the Acquiring Fund. The Acquiring Fund and the Merger Sub may be
referred to herein together as the &#147;Acquiring Fund Parties.&#148; The Acquiring Fund and the Target Fund each may be referred to herein as a &#147;Fund&#148; and, collectively, as the &#147;Funds.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Agreement is intended to be, and is adopted as, a plan of reorganization within the meaning of Section&nbsp;368(a) of
the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), and the Treasury Regulations promulgated thereunder. The reorganization of the Target Fund into the Acquiring Fund will consist of the merger pursuant to the laws of the State of
Maryland [and the State of Delaware]<SUP STYLE="font-size:75%; vertical-align:top">3</SUP> of the Target Fund with and into the Merger Sub pursuant to which shareholders of the Target Fund (collectively, &#147;Target Fund Shareholders&#148;) will
receive (i)&nbsp;with respect to holders of the issued and outstanding Target Fund Common Shares (as defined in Section&nbsp;4.1(i) below), newly issued Acquiring Fund Common Shares (as defined in Section&nbsp;4.2(j) below), and (ii)&nbsp;with
respect to holders of any issued and outstanding Target Fund VRDP Shares (as defined in Section&nbsp;1.1(a)(ii) below), newly issued Acquiring Fund VRDP Shares (as defined in Section&nbsp;4.2(j) below) as provided herein, all upon the terms and
conditions set forth in this Agreement (the &#147;Merger&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, each Fund is a closed-end, management
investment company registered under the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;), and the Target Fund owns securities that generally are assets of the character in which the Acquiring Fund is permitted to invest; and
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, each Fund qualifies as a &#147;regulated investment company&#148; under Subchapter M of the Code (a
&#147;RIC&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Acquiring Fund is authorized, or will be authorized by the Closing (as defined in
Section 3.1 below), to issue the Acquiring Fund Shares (as defined in Section&nbsp;4.2(j) below); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Board
of Directors of the Acquiring Fund (the &#147;Acquiring Fund Board&#148;) has determined that the Merger is in the best interests of the Acquiring Fund and that the interests of the existing shareholders of the Acquiring Fund will not be diluted
with respect to net asset value as a result of the Merger and, as the sole member of the Merger Sub, that the Merger is in the best interests of the Merger Sub; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Board of [Trustees]<SUP STYLE="font-size:75%; vertical-align:top">4</SUP>/[Directors]<SUP
STYLE="font-size:75%; vertical-align:top">5</SUP> of the Target Fund (the &#147;Target Fund Board&#148; and together with the Acquiring Fund Board, the &#147;Boards&#148; and each, a &#147;Board&#148;) has determined that the Merger is in the best
interests of the Target Fund and that the interests of the existing shareholders of the Target Fund will not be diluted with respect to net asset value as a result of the Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NOW, THEREFORE, in consideration of the premises and of the covenants and agreements hereinafter set forth, the parties
hereto covenant and agree as follows: </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP> [Applies to BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP> [Applies to BlackRock New York Municipal Income Trust (BNY)] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">3</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">4</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">5</SUP> [Applies to MHN] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MERGER </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.1&#8195;&#8195;MERGER. Subject to the terms and conditions contained herein, and on the basis of the representations and
warranties contained herein, and in accordance with the laws of the State of Maryland [and the State of Delaware]<SUP STYLE="font-size:75%; vertical-align:top">6</SUP>, at the Effective Time (as defined in Section&nbsp;1.1(e)), the Target Fund shall
be merged with and into the Merger Sub, the separate existence of the Target Fund shall cease and the Merger Sub shall be the surviving company in the Merger (sometimes referred to herein as the &#147;Surviving Company&#148;) in accordance with
applicable law and shall continue as a wholly-owned subsidiary of the Acquiring Fund. The separate limited liability company existence of the Merger Sub shall continue unaffected and unimpaired by the Merger and, as the Surviving Company, it shall
be governed by the laws of the [State of Maryland]<SUP STYLE="font-size:75%; vertical-align:top">7</SUP> [State of Delaware]<SUP STYLE="font-size:75%; vertical-align:top">8</SUP>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;At the Effective Time, as a result of the Merger and without any action on the part of the
holder of any shares of the Target Fund or the holder of the membership interests in the Merger Sub: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i)&#8195;&#8195;Each Target Fund Common Share issued and outstanding immediately prior to the Effective
Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive the number of Acquiring Fund Common Shares provided for in Section&nbsp;2.2 (with cash being distributed in lieu of
fractional Acquiring Fund Common Shares as set forth in Section&nbsp;2.2). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(ii)&#8195;&#8195;Each
Series <FONT STYLE="white-space:nowrap">W-7</FONT> Variable Rate Demand Preferred Share, par value [$0.10] <SUP STYLE="font-size:75%; vertical-align:top">9</SUP> [$.001]<SUP STYLE="font-size:75%; vertical-align:top">10</SUP> per share and
liquidation preference of $100,000 per share, of the Target Fund (each, a &#147;Target Fund VRDP Share&#148; and collectively with the Target Fund Common Shares, the &#147;Target Fund Shares&#148;) issued and outstanding immediately prior to the
Effective Time, if any, shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive, on a one for one basis, one newly issued Acquiring Fund VRDP Share with such terms described in
the Preferred Shares Proxy Statement (as defined in Section&nbsp;4.1(n) below). Each Acquiring Fund VRDP Share issued in connection therewith will have a liquidation preference of $100,000 and in connection therewith the Acquiring Fund may pay any
accumulated and unpaid dividends that have accrued on such Target Fund VRDP Share up to and including the day immediately preceding the Closing Date. The Target Fund may pay any such accumulated and unpaid dividends prior to the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(iii)&#8195;&#8195;The membership interests in the Merger Sub issued and outstanding immediately prior to
the Effective Time shall remain unchanged as a result of the Merger and shall remain as the only issued and outstanding membership interests of the Surviving Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;The [articles of organization]<SUP STYLE="font-size:75%; vertical-align:top">11</SUP>
[certificate of formation]<SUP STYLE="font-size:75%; vertical-align:top">12</SUP> of the Merger Sub as in effect immediately prior to the Effective Time (the &#147;[Articles of Organization]<SUP STYLE="font-size:75%; vertical-align:top">13</SUP>
[Certificate of Formation]<SUP STYLE="font-size:75%; vertical-align:top">14</SUP>&#148;) shall be the [articles of organization<SUP STYLE="font-size:75%; vertical-align:top">]</SUP><SUP STYLE="font-size:75%; vertical-align:top">15</SUP> [certificate
of formation]<SUP STYLE="font-size:75%; vertical-align:top">16</SUP> of the Surviving Company, unless and until amended in accordance with its terms and applicable law. The operating agreement of the Merger Sub in effect immediately prior to the
Effective Time (the &#147;LLC Agreement&#148;) shall be the operating </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">6</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">7</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">8</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">9</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">10</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">11</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">12</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">13</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">14</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">15</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">16</SUP> [Applies to BNY] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
agreement of the Surviving Company unless and until amended in accordance with its terms and applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;At the Effective Time, the separate legal existence of the Target Fund shall cease for all
purposes and the Merger Sub shall continue in existence as the Surviving Company, and without any further action being required and in accordance with applicable law, the Surviving Company shall succeed to and possess all of the rights, privileges
and powers of the Merger Sub and the Target Fund, and all of the assets and property of whatever kind and character of the Merger Sub and the Target Fund shall vest in the Merger Sub without further act or deed. At the Effective Time, the Surviving
Company shall be liable for all of the liabilities and obligations of the Merger Sub and the Target Fund, and any claim or judgment against the Merger Sub or the Target Fund may be enforced against the Merger Sub, as the Surviving Company, in
accordance with applicable law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&#8195;&#8195;The Acquiring Fund will issue Acquiring Fund Shares to
Target Fund Shareholders at the Effective Time by opening shareholder accounts on the share ledger records of the Acquiring Fund in the names of and in the amounts due to the Target Fund Shareholders based on (i)&nbsp;with respect to holders of the
issued and outstanding Target Fund Common Shares, their holdings of Target Fund Common Shares as of immediately prior to the Effective Time, and (ii)&nbsp;with respect to holders of any issued and outstanding Target Fund VRDP Shares, the number of
Target Fund VRDP Shares held by such shareholders immediately prior to the Effective Time. Ownership of Acquiring Fund Shares will be shown on the books of the applicable transfer agent or tender and paying agent, as applicable, for the Acquiring
Fund, and the Acquiring Fund will not issue certificates representing Acquiring Fund Shares in connection with the Merger, except for any global share certificate or certificates required by a securities depository in connection with the
establishment of book-entry ownership of the Acquiring Fund Common Shares or the Acquiring Fund VRDP Shares. All Acquiring Fund Shares to be issued pursuant to the Merger shall be deemed issued and outstanding as of the Effective Time. In connection
with such issuance, the Acquiring Fund shall amend (or shall have already amended) the currently existing Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares of the Acquiring Fund or
adopt (or shall have already adopted) new Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares of the Acquiring Fund (together, the &#147;Articles Supplementary&#148;), share certificates
representing such Acquiring Fund VRDP Shares, and such other agreements, instruments or documents relating to the Acquiring Fund VRDP Shares, in each case as of, or prior to, the Closing Date and only to the extent necessary or applicable to such
agreement, instrument or document, to reflect the authorization and issuance of additional Acquiring Fund VRDP Shares in connection with the Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(e)&#8195;&#8195;Upon the terms and subject to the conditions of this Agreement, the parties shall cause the
filing of one or more [articles of merger (the &#147;Articles of Merger&#148;) with the State Department of Assessments and Taxation of the State of Maryland in accordance with the laws of the State of Maryland]<SUP
STYLE="font-size:75%; vertical-align:top">17</SUP> [certificates of merger with the Secretary of State of the State of Delaware (the &#147;Delaware Certificate of Merger&#148;) in accordance with the laws of the State of Delaware]<SUP
STYLE="font-size:75%; vertical-align:top">18</SUP>. The Merger shall become effective at such date and time as the Acquiring Fund Parties and the Target Fund shall agree [and is specified in the Articles of Merger filed by the Acquiring Fund in the
State of Maryland]<SUP STYLE="font-size:75%; vertical-align:top">19</SUP> [and is specified in the Delaware Certificate of Merger filed by the Acquiring Fund in the State of Delaware]<SUP STYLE="font-size:75%; vertical-align:top">20</SUP> (the
&#147;Effective Time&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(f)&#8195;&#8195;The Target Fund agrees to dispose of certain assets prior
to the Closing Date, but only if and to the extent necessary, so that at the Closing, when the Target Fund&#146;s assets are aggregated with the Acquiring Fund&#146;s assets, the resulting portfolio will meet the Acquiring Fund&#146;s investment
objective, policies and restrictions, as set forth in the Acquiring Fund&#146;s Registration Statement (as defined in Section&nbsp;4.1(m)). Notwithstanding the foregoing, nothing herein will require the Target Fund to dispose of any investments or
securities if, in the reasonable judgment of the Target Fund Board or BlackRock Advisors, LLC (&#147;BlackRock&#148;), the investment adviser to the Funds, such disposition would adversely affect the status
</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP
STYLE="font-size:75%; vertical-align:top">17</SUP> [Applies to MHN] </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">18</SUP> [Applies to
BNY] </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">19</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">20</SUP> [Applies to BNY] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-3 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
of the Merger as a &#147;reorganization&#148; as such term is used in Section&nbsp;368(a) of the Code or would otherwise not be in the best interests of the Target Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.2&#8195;&#8195;DISSOLUTION, LIQUIDATION AND TERMINATION OF MERGER SUB. As soon as practicable after the Effective Time, the
Merger Sub shall be dissolved and the Acquiring Fund will assume all of the Merger Sub&#146;s liabilities and obligations, known and unknown, contingent or otherwise, whether or not determinable, and the Merger Sub will distribute to the Acquiring
Fund, which will be the sole member of the Merger Sub at such time, all of the assets of the Merger Sub in complete liquidation of its interest in the Merger Sub in accordance with a Plan of Dissolution adopted by the Merger Sub. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.3&#8195;&#8195;ACCOUNTING AND PERFORMANCE SURVIVOR. In connection with the transactions contemplated by this Agreement,
notwithstanding that the Merger Sub shall be the surviving entity in the Merger, the Acquiring Fund shall be deemed the survivor solely for accounting and performance record purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.4&#8195;&#8195;TRANSFER TAXES. Any transfer taxes payable upon the issuance of Acquiring Fund Shares in a name other than
the registered holder of Target Fund Shares on the books of the Target Fund as of that time shall, as a condition of such issuance and transfer, be paid by the person to whom such Acquiring Fund Shares are to be issued and transferred. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.5&#8195;&#8195;REPORTING. Any reporting responsibility of the Target Fund, including, without limitation, the
responsibility for filing of regulatory reports, tax returns or other documents with the Securities and Exchange Commission (the &#147;Commission&#148;) or other regulatory authority, the exchange on which the Target Fund&#146;s shares are listed or
any state securities commission and any federal, state or local tax authorities or any other relevant regulatory authority, is and shall remain the responsibility of the Target Fund or its duly appointed agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.6&#8195;&#8195;BOOKS AND RECORDS. The Target Fund shall have arranged for the availability prior to, and the transfer as
soon as practicable following, the Closing Date to the Acquiring Fund, or its designated agent, of the Target Fund&#146;s books and records required to be maintained under the 1940 Act, and the rules and regulations thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE II </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>VALUATION
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2.1&#8195;&#8195;VALUATION OF SHARES. The net asset value of the Acquiring Fund and the Target Fund, the values of
their assets, the amounts of their liabilities, and the liquidation preference (including accumulated and unpaid dividends) of any Target Fund VRDP Shares and the Acquiring Fund VRDP Shares shall be computed as of the close of regular trading on the
New York Stock Exchange on the business day immediately prior to the Closing Date (such time and date being hereinafter called the &#147;Valuation Time&#148;), after the payment of the dividends by the Target Fund pursuant to Section&nbsp;8.5, using
the Acquiring Fund&#146;s valuation procedures or such other valuation procedures as shall be mutually agreed upon by the parties and no adjustment will be made to the net asset value so determined of any Fund to take into account differences in
realized and unrealized gains and losses. Such valuation and determination shall be made by the Acquiring Fund in cooperation with the Target Fund and shall be confirmed by the Acquiring Fund to the Target Fund. The net asset value per share of the
Acquiring Fund Common Shares and the liquidation preference (including accumulated and unpaid dividends) per share of the Acquiring Fund VRDP Shares shall be determined in accordance with such procedures. For purposes of determining the net asset
value per share of Target Fund Common Shares and the Acquiring Fund Common Shares, the value of the securities held by the applicable Fund plus any cash or other assets (including interest accrued but not yet received) minus all liabilities
(including accrued expenses) and the aggregate liquidation value of the outstanding Target Fund VRDP Shares or Acquiring Fund VRDP Shares, as the case may be, shall be divided by the total number of Target Fund Common Shares or Acquiring Fund Common
Shares, as the case may be, outstanding at such time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2.2&#8195;&#8195;COMMON SHARES TO BE ISSUED. As of the Effective
Time, each Target Fund Common Share outstanding immediately prior to the Effective Time shall be converted into a number of Acquiring Fund Common Shares equal to one multiplied by the quotient of the net asset value per share of a Target Fund Common
Share divided by the net asset value per share of an Acquiring Fund Common Share, each as determined as </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-4 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
of the Valuation Time in accordance with Section&nbsp;2.1. The aggregate net asset value of Acquiring Fund Common Shares received by Target Fund common shareholders (the &#147;Target Fund Common
Shareholders&#148;) in the Merger (including any fractional share interests to which they would be entitled) will equal, as of the Valuation Time, the aggregate net asset value of the Target Fund&#146;s Common Shares held by the Target Fund Common
Shareholders as of such time. No fractional Acquiring Fund Common Shares will be distributed to Target Fund Common Shareholders unless such shares are held in a Dividend Reinvestment Plan account and, in lieu of such fractional shares, Target Fund
Common Shareholders will receive cash. In the event Target Fund Common Shareholders would be entitled to receive fractional Acquiring Fund Common Shares, the Acquiring Fund&#146;s transfer agent will aggregate all such fractional common shares
(other than those issued to a Dividend Reinvestment Plan account) and sell the resulting whole shares on the exchange on which such shares are listed for the account of all such Target Fund Common Shareholders (other than Target Fund Common
Shareholders with respect to which fractional shares are issued to a Dividend Reinvestment Plan account), and each such Target Fund Common Shareholder will be entitled to a pro rata share of the proceeds from such sale. With respect to the
aggregation and sale of fractional common shares in the Merger, the transfer agent for the Acquiring Fund Common Shares will act directly on behalf of the Target Fund Common Shareholders entitled to receive fractional shares and will accumulate such
fractional shares, sell the shares and distribute the cash proceeds net of brokerage commissions, if any, directly to the Target Fund Common Shareholders entitled to receive the fractional shares (without interest and subject to withholding taxes).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2.3&#8195;&#8195;EFFECT OF SUSPENSION IN TRADING. In the event that at the Valuation Time an accurate appraisal of the
value of the net assets of the Target Fund or the Acquiring Fund is impracticable due to either: (a)&nbsp;the closure of, or the imposition of a trading restriction on, the exchange on which shares of a Fund are listed or another exchange on which
the portfolio securities of a Fund are purchased or sold; or (b)&nbsp;a disruption in trading or the reporting of trading on the exchange on which shares of a Fund are listed or elsewhere, to the extent permitted by applicable law, the Closing Date
shall be postponed until at least the first business day after the day when trading is fully resumed and/or reporting is restored or such later time as the parties may agree pursuant to Section&nbsp;3.1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE III </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CLOSING
AND CLOSING DATE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3.1&#8195;&#8195;CLOSING DATE. The conditions precedent set forth in Articles VI&#150;VIII herein
must be satisfied or waived with respect to both Funds and the Merger Sub in order for the closing of the Merger to take place. The closing of the Merger (the &#147;Closing&#148;) shall occur on [&#9679;], [2025] or such other date as the parties
may agree (the &#147;Closing Date&#148;). Unless otherwise provided, all acts taking place at the Closing shall be deemed to take place as of 7:00 a.m. (Eastern Time) on the Closing Date. The Closing shall be held at the offices of Willkie
Farr&nbsp;&amp; Gallagher LLP, 787 Seventh Avenue, New York, New York 10019, or at such other time and/or place as the parties may agree. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3.2&#8195;&#8195;CUSTODIAN&#146;S CERTIFICATE. The Target Fund shall cause its custodian to deliver to the Acquiring Fund
Parties at the Closing a certificate of an authorized officer of the custodian identifying all of the Target Fund&#146;s portfolio securities, investments, cash and any other assets as of the Valuation Time and stating that the Target Fund&#146;s
portfolio securities, investments, cash and any other assets shall have been delivered in proper form to constitute good delivery thereof to the Acquiring Fund Parties at the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3.3&#8195;&#8195;CERTIFICATES OF TRANSFER AGENT. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;The Target Fund shall issue and deliver, or cause its transfer agent with respect to the
Target Fund Common Shares to issue and deliver, to the Acquiring Fund at the Closing a certificate of an authorized officer of the Target Fund or its transfer agent setting forth the number of Target Fund Common Shares outstanding as of the
Valuation Time and stating that its records contain the names and addresses of all Target Fund Common Shareholders and the number and percentage ownership of outstanding Target Fund Common Shares owned by each Target Fund Common Shareholder
immediately prior to the Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;The Acquiring Fund shall issue and deliver, or cause
the transfer agent with respect to the Acquiring Fund Common Shares to issue and deliver to the Target Fund a confirmation evidencing the Acquiring Fund Shares to be credited at the Closing to the Target Fund Common Shareholders
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-5 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
or provide evidence satisfactory to the Target Fund that such Acquiring Fund Common Shares have been credited to the account of the Target Fund Common Shareholders on the books of the Acquiring
Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3.4&#8195;&#8195;DELIVERY OF ADDITIONAL ITEMS. At the Closing, each party shall deliver to the other party or
parties such bills of sale, checks, assignments, assumptions of liability, share certificates, opinions, receipts and other documents or instruments, if any, as such other party or parties or their counsel may reasonably request to effect the
transactions contemplated by this Agreement. The Target Fund shall, from time to time, as and when reasonably requested by the Acquiring Fund or the Merger Sub, execute and deliver or cause to be executed and delivered all such assignments and other
instruments, and will take or cause to be taken such further action as the Acquiring Fund or the Merger Sub may reasonably deem necessary or desirable in order to vest and confirm the Merger Sub&#146;s title to and possession of all of the assets of
the Target Fund and to otherwise carry out the intent and purpose of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IV </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REPRESENTATIONS AND WARRANTIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4.1&#8195;&#8195;REPRESENTATIONS OF THE TARGET FUND. The Target Fund represents and warrants to the Acquiring Fund Parties as
follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195; The Target Fund is a [corporation duly incorporated]<SUP
STYLE="font-size:75%; vertical-align:top">21</SUP> [statutory trust duly formed]<SUP STYLE="font-size:75%; vertical-align:top">22</SUP>, validly existing and in good standing under the laws of the [State of Maryland]<SUP
STYLE="font-size:75%; vertical-align:top">23</SUP> [State of Delaware]<SUP STYLE="font-size:75%; vertical-align:top">24</SUP>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;The Target Fund is registered as a <FONT STYLE="white-space:nowrap">closed-end</FONT>
management investment company under the 1940 Act, and such registration is in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;The Target Fund is not in violation of, and the execution, delivery and performance of this
Agreement (subject to shareholder approval and compliance with the other provisions hereof) will not result in violation of, any provision of the Target Fund&#146;s [charter]<SUP STYLE="font-size:75%; vertical-align:top">25</SUP> [Agreement and
Declaration of Trust, Statement of Preferences of Variable Rate Demand Preferred Shares (the &#147;Statement of Preferences&#148;)]<SUP STYLE="font-size:75%; vertical-align:top">26</SUP> or <FONT STYLE="white-space:nowrap">By-Laws,</FONT> or of any
material agreement, indenture, instrument, contract, lease or other undertaking to which the Target Fund is a party or by which it is bound. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&#8195;&#8195;There are no contracts outstanding to which the Target Fund is a party that have not been
disclosed to the Acquiring Fund Parties. Except as otherwise disclosed to and accepted by the Acquiring Fund Parties, the Target Fund has no material contracts or other commitments that will be terminated with liability to it on or before the
Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(e)&#8195;&#8195;No litigation, administrative proceeding or investigation of or before any
court or governmental body presently is pending or to its knowledge threatened against the Target Fund or any of its properties or assets, which, if adversely determined, would result in liability on the part of the Target Fund other than as have
been disclosed to the Acquiring Fund Parties. The Target Fund knows of no facts that might form the basis for the institution of such proceedings other than as have been disclosed to the Acquiring Fund Parties, and is not a party to or subject to
the provisions of any order, decree or judgment of any court or governmental body that materially and adversely affects its business or its ability to consummate the transactions contemplated herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(f)&#8195;&#8195;The audited financial statements of the Target Fund for the fiscal year ended July&nbsp;31,
2025, which have been audited by [ ], have been prepared in accordance with generally accepted </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">21</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">22</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">23</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">24</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">25</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">26</SUP> [Applies to BNY] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-6 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
accounting principles in the United States (&#147;GAAP&#148;) consistently applied, and such statements (copies of which have been furnished to the Acquiring Fund Parties) fairly reflect the
financial condition of the Target Fund as of such date and the results of operations and changes in net assets for the periods indicated, and there are no material liabilities whether actual or contingent and whether or not determined or
determinable that are required to be disclosed but are not disclosed in such statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(g)&#8195;&#8195;There have been no material adverse changes in the Target Fund&#146;s financial condition,
assets, liabilities or business as reflected in the audited financial statements of the Target Fund for the fiscal year ended July&nbsp;31, 2024 (other than changes occurring in the ordinary course of business) and there are no known liabilities of
a material nature, contingent or otherwise, of the Target Fund arising after such date. For the purposes of this subsection (g), a decline in the net asset value of the Target Fund shall not constitute a material adverse change. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(h)&#8195;&#8195;All federal, state, local and other tax returns and reports of the Target Fund required by
law to be filed by it (taking into account permitted extensions for filing) have been timely filed and are complete and correct in all material respects. All federal, state, local and other taxes of the Target Fund required to be paid (whether or
not shown on any such return or report) have been paid, or provision shall have been made for the payment thereof, and any such unpaid taxes, as of the date of the financial statements referred to above, are properly reflected thereon. To the best
of the Target Fund&#146;s knowledge, no tax authority is currently auditing or preparing to audit the Target Fund, and no assessment for taxes, interest, additions to tax or penalties has been asserted against the Target Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i)&#8195;&#8195;[The authorized capital of the Target Fund consists of (i) 199,985,044 shares of common
stock, par value $0.10 per share (the &#147;Target Fund Common Shares&#148;), (ii) 1,900 shares of preferred stock designated as Auction Market Preferred Stock, Series A, 1,900 shares of preferred stock designated as Auction Market Preferred Stock,
Series B, 3,040 shares of preferred stock designated as Auction Market Preferred Stock, Series C, 3,680 shares of preferred stock designated as Auction Market Preferred Stock, Series D, and 2,000 shares of preferred stock designated as Auction
Marked Preferred Stock, Series E, each par value $0.10 per share and liquidation preference of $25,000 per share plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) thereon, and (iii) 2,436 shares of
preferred stock designated as Series <FONT STYLE="white-space:nowrap">W-7</FONT> Variable Rate Demand Preferred Shares, par value $0.10 per share and liquidation preference of $100,000 per
share]<SUP STYLE="font-size:75%; vertical-align:top">27</SUP> [The authorized capital of the Target Fund consists of (i)&nbsp;an unlimited number of common shares of beneficial interest, par value $0.001 per share (the &#147;Target Fund Common
Shares&#148;), and (ii)&nbsp;subject to authorization and issuance by the Trustees, an unlimited number of preferred shares, including Series <FONT STYLE="white-space:nowrap">W-7</FONT> Variable Rate Demand Preferred Shares, par value $0.001 per
share and liquidation preference of $100,000 per share, of which 1,794 are issued and outstanding]<SUP STYLE="font-size:75%; vertical-align:top">28</SUP>. All of the issued and outstanding Target Fund Shares are duly and validly issued, fully paid
and <FONT STYLE="white-space:nowrap">non-assessable</FONT> by the Target Fund [(recognizing that [under the laws of the State of Delaware and as provided in the last sentence of Section&nbsp;3.8 of the Target Fund&#146;s Agreement and Declaration of
Trust,]<SUP STYLE="font-size:75%; vertical-align:top">29</SUP> Target Fund shareholders, under certain circumstances, could be held personally liable for certain obligations of the Target Fund)]. All of the issued and outstanding shares of the
Target Fund will, at the time of the Closing, be held of record by the persons and in the amounts set forth in the certificate and records of the Target Fund&#146;s transfer agent as provided to the Acquiring Fund pursuant to Section&nbsp;3.3. The
Target Fund has no outstanding preferred shares other than [&#9679;] Target Fund VRDP Shares; no outstanding options, warrants or other rights to subscribe for or purchase any shares of the Target Fund; and no outstanding securities convertible into
shares of the Target Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(j)&#8195;&#8195;At the Closing, the Target Fund will have good and
marketable title to the Target Fund&#146;s assets held immediately prior to the Effective Time, and full right, power and authority to sell, assign, transfer and deliver such assets hereunder free and clear of any liens or encumbrances, except those
liens and </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP
STYLE="font-size:75%; vertical-align:top">27</SUP> [applies to MHN] </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">28</SUP> [Applies to
BNY] </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">29</SUP> [Applies to BNY] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-7 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
encumbrances to which the Acquiring Fund Parties have received written notice and have not objected, and the Merger Sub will acquire all rights of the Target Fund thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(k)&#8195;&#8195;The execution, delivery and performance of this Agreement have been duly authorized by all
necessary action on the part of the Target Fund, including the determinations of the Target Fund Board required by Rule <FONT STYLE="white-space:nowrap">17a-8(a)</FONT> under the 1940 Act. Subject to requisite approval by its shareholders in
accordance with Section&nbsp;8.1, this Agreement constitutes a valid and binding obligation of the Target Fund, enforceable in accordance with its terms, subject as to enforcement to bankruptcy, insolvency, reorganization, moratorium, and other laws
relating to or affecting creditors&#146; rights and to general equity principles. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(l)&#8195;&#8195;The
information to be furnished by the Target Fund for use in any <FONT STYLE="white-space:nowrap">&#147;no-action&#148;</FONT> letters, applications for orders, registration statements, proxy materials and other documents that may be necessary in
connection with the transactions contemplated herein shall be accurate and complete in all material respects and shall comply in all material respects with the requirements of the federal securities laws and other laws and regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(m)&#8195;&#8195;The registration statement filed by the Acquiring Fund on Form <FONT
STYLE="white-space:nowrap">N-14,</FONT> which includes the proxy statement for the common shareholders of the Target Fund and Acquiring Fund and a prospectus of the Acquiring Fund, with respect to the transactions contemplated herein (the
&#147;Joint Proxy Statement/Prospectus&#148;), and any supplement or amendment thereto or to the documents included or incorporated by reference therein (collectively, as so amended or supplemented, the &#147;Registration Statement&#148;), on its
effective date, at the time of the Shareholder Meeting (as defined in Section&nbsp;5.2 below) and on the Closing Date, conforms and will conform, as it relates to the Target Fund based on information provided in writing by the Target Fund for
inclusion therein, in all material respects to the requirements of the federal and state securities laws and the rules and regulations thereunder and does not and will not contain, as it relates to the Target Fund based on information provided in
writing by the Target Fund for inclusion therein, any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading. Any written information furnished
by the Target Fund for use in the Registration Statement or any other materials provided by the Target Fund in connection with the Merger, as of the effective date of the Registration Statement, at the time of the Shareholder Meeting and on the
Closing Date, does not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(n)&#8195;&#8195;The proxy statement for holders of Acquiring Fund VRDP Shares and Target Fund VRDP Shares,
with respect to the transactions contemplated herein, and any supplement or amendment thereto (the &#147;Preferred Shares Proxy Statement&#148;), and the documents included or incorporated by reference therein, at the time of the Shareholder Meeting
and on the Closing Date, conforms and will conform, as it relates to the Target Fund based on information provided in writing by the Target Fund for inclusion therein, in all material respects to the requirements of the federal and state securities
laws and the rules and regulations thereunder and does not and will not contain, as it relates to the Target Fund based on information provided in writing by the Target Fund for inclusion therein, any untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary to make the statements therein not misleading. Any written information furnished by the Target Fund for use in the Preferred Shares Proxy Statement or any other materials provided by
the Target Fund in connection with the Merger, at the time of the Shareholder Meeting and on the Closing Date, does not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(o)&#8195;&#8195;Except for the Registration
Statement, no consent, approval, authorization, or order of any court, governmental authority, or any stock exchange on which shares of the Target Fund are listed is required for the consummation by the Target Fund of the transactions contemplated
herein, except such as have been or will be obtained. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(p)&#8195;&#8195;For each taxable year of its
operations (including the taxable year ending on the Closing Date), the Target Fund (i)&nbsp;has elected to qualify, and has qualified or will qualify (in the case of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-8 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
taxable year ending on the Closing Date), as a RIC; (ii)&nbsp;has been eligible to compute and has computed its federal income tax under Section&nbsp;852 of the Code, and on or prior to the
Closing Date will have declared a distribution with respect to all of its investment company taxable income (determined without regard to the deduction for dividends paid), the excess of its interest income excludible from gross income under
Section&nbsp;103(a) of the Code over its deductions disallowed under Sections 265 and 171(a)(2) of the Code and its net capital gain (after reduction for any available capital loss carryforward and excluding any net capital gain on which the Target
Fund paid tax under Section&nbsp;852(b)(3)(A) of the Code) (as such terms are defined in the Code) that has accrued or will accrue on or prior to the Closing Date, and (iii)&nbsp;has been, and will be (in the case of the taxable year ending on the
Closing Date), treated as a separate corporation for federal income tax purposes. The Target Fund has not taken any action, caused any action to be taken or caused any action to fail to be taken which action or failure could cause the Target Fund to
fail to qualify as a RIC. Prior to the Closing, the Target Fund will have had no earnings and profits accumulated in any taxable year to which the provisions of Part I of Subchapter M of the Code did not apply to it. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4.2&#8195;&#8195;REPRESENTATIONS OF THE ACQUIRING FUND PARTIES. Each of the Acquiring Fund and the Merger Sub, as applicable,
represents and warrants to the Target Fund as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;The Acquiring Fund is a
corporation duly incorporated, validly existing and in good standing under the laws of the State of Maryland. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;The Merger Sub is a limited liability company, validly existing and in good standing under
the laws of the [State of Maryland]<SUP STYLE="font-size:75%; vertical-align:top">30</SUP> [State of Delaware]<SUP STYLE="font-size:75%; vertical-align:top">31</SUP>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;The Acquiring Fund is registered as a <FONT STYLE="white-space:nowrap">closed-end</FONT>
management investment company under the 1940 Act, and such registration is in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&#8195;&#8195;The Acquiring Fund is not in violation of, and the execution, delivery and performance of
this Agreement (subject to shareholder approval and compliance with the other provisions hereof) will not result in a violation of, any provision of the Acquiring Fund&#146;s charter or <FONT STYLE="white-space:nowrap">By-Laws,</FONT> or of any
material agreement, indenture, instrument, contract, lease or other undertaking to which the Acquiring Fund is a party or by which it is bound. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(e)&#8195;&#8195;The Merger Sub is not in violation of, and the execution, delivery and performance of this
Agreement will not result in a violation of, any provision of the Merger Sub&#146;s [Articles of Organization]<SUP STYLE="font-size:75%; vertical-align:top">32</SUP> [Certificate of Formation]<SUP STYLE="font-size:75%; vertical-align:top">33</SUP>
or LLC Agreement or any material agreement, indenture, instrument, contract, lease or other undertaking to which the Merger Sub is a party or by which it is bound. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(f)&#8195;&#8195;No litigation, administrative proceeding or investigation of or before any court or
governmental body presently is pending or to its knowledge threatened against the Acquiring Fund or the Merger Sub or any of their properties or assets (if any), which, if adversely determined, would result in liability on the part of the Acquiring
Fund or the Merger Sub, other than as have been disclosed to the Target Fund. The Acquiring Fund and the Merger Sub know of no facts that might form the basis for the institution of such proceedings other than as have been disclosed to the Target
Fund, and neither is a party to or subject to the provisions of any order, decree or judgment of any court or governmental body that materially and adversely affects its business or its ability to consummate the transactions contemplated herein.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(g)&#8195;&#8195;The audited financial statements of the Acquiring Fund for the fiscal year ended
July&nbsp;31, 2025, which have been audited by [ ], have been prepared in accordance with GAAP consistently applied, and such statements (copies of which have been furnished to the Target Fund) fairly reflect the financial condition of the Acquiring
Fund as of such date and the results of operations and changes in net </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">30</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">31</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">32</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">33</SUP> [Applies to BNY] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-9 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
assets for the periods indicated, and there are no material liabilities whether actual or contingent and whether or not determined or determinable that are required to be disclosed but are not
disclosed in such statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(h)&#8195;&#8195;There have been no material adverse changes in the
Acquiring Fund&#146;s financial condition, assets, liabilities or business as reflected in the audited financial statements of the Acquiring Fund for the fiscal year ended July&nbsp;31, 2024 (other than changes occurring in the ordinary course of
business), and there are no known liabilities of a material nature, contingent or otherwise, of the Acquiring Fund arising after such date. For the purposes of this subsection (h), a decline in the net asset value of the Acquiring Fund shall not
constitute a material adverse change. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i)&#8195;&#8195;All federal, state, local and other tax returns
and reports of the Acquiring Fund and the Merger Sub required by law to be filed by it (taking into account permitted extensions for filing) have been timely filed and are complete and correct in all material respects. All federal, state, local and
other taxes of the Acquiring Fund and the Merger Sub required to be paid (whether or not shown on any such return or report) have been paid, or provision will have been made for the payment thereof, and any such unpaid taxes, as of the date of the
financial statements referred to above, are properly reflected thereon. To the best of the Acquiring Fund&#146;s and the Merger Sub&#146;s knowledge, no tax authority is currently auditing or preparing to audit the Acquiring Fund or the Merger Sub,
and no assessment for taxes, interest, additions to tax or penalties has been asserted against the Acquiring Fund or the Merger Sub. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(j)&#8195;&#8195;The authorized capital of the Acquiring Fund consists of (i) 199,985,363 shares of common
stock, par value $0.10 per share (the &#147;Acquiring Fund Common Shares&#148;), (ii) 1,700 shares of preferred stock designated as Auction Market Preferred Stock, 850 shares of preferred stock designated as Auction Market Preferred Stock, Series A,
and 850 shares of preferred stock designated as Auction Market Preferred Stock, Series B, each par value $0.05 per share and liquidation preference of $25,000 per share plus an amount equal to accumulated but unpaid dividends (whether or not earned
or declared) thereon, (iii) 2,800 shares of preferred stock designated as Auction Market Preferred Stock, Series C, 1,960 shares of preferred stock designated as Auction Market Preferred Stock, Series D, 2,200 shares of preferred stock designated as
Auction Marked Preferred Stock, Series E, and 1,800 shares of preferred stock designated as Auction Market Preferred Stock, Series F, each par value $0.10 per share and liquidation preference of $25,000 per share plus an amount equal to accumulated
but unpaid dividends (whether or not earned or declared) thereon, and (iv) 2,477 shares of preferred stock designated as Series <FONT STYLE="white-space:nowrap">W-7</FONT> Variable Rate Demand Preferred Shares, par value $0.10 per share and
liquidation preference of $100,000 per share (together with any additional Variable Rate Demand Preferred Shares to be subsequently authorized by the Articles Supplementary in connection with the transactions contemplated by this Agreement, the
&#147;Acquiring Fund VRDP Shares&#148; and together with the Acquiring Fund Common Shares, the &#147;Acquiring Fund Shares&#148;). All of the issued and outstanding shares of the Acquiring Fund are duly and validly issued, fully paid and <FONT
STYLE="white-space:nowrap">non-assessable</FONT> by the Acquiring Fund. The Acquiring Fund has no outstanding preferred shares other than [&#149;] Acquiring Fund VRDP Shares; no outstanding options, warrants or other rights to subscribe for or
purchase shares of the Acquiring Fund; and no outstanding securities convertible into shares of the Acquiring Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(k)&#8195;&#8195;The execution, delivery and performance of this Agreement have been duly authorized by all
necessary action on the part of the Acquiring Fund and the Merger Sub, including the determinations of the Acquiring Fund Board required by Rule <FONT STYLE="white-space:nowrap">17a-8(a)</FONT> under the 1940 Act. This Agreement constitutes a valid
and binding obligation of the Acquiring Fund and the Merger Sub, enforceable in accordance with its terms, subject as to enforcement to bankruptcy, insolvency, reorganization, moratorium, and other laws relating to or affecting creditors&#146;
rights and to general equity principles. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(l)&#8195;&#8195;The Acquiring Fund Shares to be issued and
delivered pursuant to the terms of this Agreement will, at the Closing, have been duly authorized. When so issued and delivered, such Acquiring Fund Shares will be duly and validly issued shares of the Acquiring Fund and will be fully paid and <FONT
STYLE="white-space:nowrap">non-assessable</FONT> by the Acquiring Fund (recognizing that under the laws of the State of Maryland, Acquiring Fund shareholders, under certain circumstances, could be held personally liable for the obligations of the
Acquiring Fund). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(m)&#8195;&#8195;The information to be furnished by the Acquiring Fund and the Merger
Sub for use in any <FONT STYLE="white-space:nowrap">&#147;no-action&#148;</FONT> letters, applications for orders, registration statements, proxy materials and other </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-10 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
documents that may be necessary in connection with the transactions contemplated herein shall be accurate and complete in all material respects and shall comply in all material respects with the
requirements of the federal securities laws and other laws and regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(n)&#8195;&#8195;The
Registration Statement, on its effective date, at the time of the Shareholder Meeting and on the Closing Date, conforms and will conform, as it relates to the Acquiring Fund Parties based on information provided in writing by the Acquiring Fund
Parties for inclusion therein, in all material respects to the requirements of the federal and state securities laws and the rules and regulations thereunder and does not and will not contain, as it relates to the Acquiring Fund Parties based on
information provided in writing by the Acquiring Fund Parties for inclusion therein, any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading.
Any written information furnished by the Acquiring Fund Parties for use in the Registration Statement or any other materials provided by the Acquiring Fund Parties in connection with the Merger, as of the effective date of the Registration
Statement, at the time of the Shareholder Meeting and on the Closing Date, does not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(o)&#8195;&#8195;The Preferred Shares Proxy Statement and the documents included
or incorporated by reference therein, at the time of the Shareholder Meeting and on the Closing Date, conforms and will conform, as it relates to the Acquiring Fund Parties based on information provided in writing by the Acquiring Fund Parties for
inclusion therein, in all material respects to the requirements of the federal and state securities laws and the rules and regulations thereunder and does not and will not contain, as it relates to the Acquiring Fund Parties based on information
provided in writing by the Acquiring Fund Parties for inclusion therein, any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading. Any written
information furnished by the Acquiring Fund Parties for use in the Preferred Shares Proxy Statement or any other materials provided by the Acquiring Fund Parties in connection with the Merger, at the time of the Shareholder Meeting and on the
Closing Date, does not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(p)&#8195;&#8195;Except for the Registration Statement, no consent, approval, authorization, or order of any
court or governmental authority is required for the consummation by the Acquiring Fund or the Merger Sub of the transactions contemplated herein, except such as have been or will be obtained. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(q)&#8195;&#8195;For each taxable year of its operations, including the taxable year that includes the
Closing Date, the Acquiring Fund: (i)&nbsp;has elected to qualify, has qualified or will qualify (in the case of the taxable year that includes the Closing Date) and intends to continue to qualify as a RIC under the Code; (ii)&nbsp;has been eligible
to and has computed its federal income tax under Section&nbsp;852 of the Code, and will do so for the taxable year that includes the Closing Date; and (iii)&nbsp;has been, and will be (in the case of the taxable year that includes the Closing Date),
treated as a separate corporation for federal income tax purposes pursuant to Section&nbsp;851(g) of the Code. The Acquiring Fund has not taken any action, caused any action to be taken or caused any action to fail to be taken which action or
failure could cause the Acquiring Fund to fail to qualify as a RIC. Prior to the Closing, the Acquiring Fund will have had no earnings and profits accumulated in any taxable year to which the provisions of Part I of Subchapter M of the Code did not
apply to it. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(r)&#8195;&#8195;All of the issued and outstanding membership interests in the Merger Sub
are, and at the Effective Time and on the Closing Date will be, owned by the Acquiring Fund, as the sole member of the Merger Sub, and there are (i)&nbsp;no other membership interests or voting securities of the Merger Sub, (ii)&nbsp;no securities
of the Merger Sub convertible into membership interests or voting securities of the Merger Sub and (iii)&nbsp;no options or other rights to acquire from the Merger Sub, and no obligations of the Merger Sub to issue, any membership interests, voting
securities or securities convertible into membership interests or voting securities of the Merger Sub. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(s)&#8195;&#8195;Since the date of its organization through the Effective Time, the Merger Sub has been, and
will be, disregarded as an entity separate from its owner within the meaning of Section&nbsp;301.7701-3 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-11 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
of the Treasury Regulations. The Merger Sub has not elected, and will not elect, to be classified, with effect as of or prior to the liquidation of the Merger Sub, as an association taxable as a
corporation pursuant to <FONT STYLE="white-space:nowrap">Section&nbsp;301.7701-3</FONT> of the Treasury Regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE V </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COVENANTS OF THE FUNDS AND MERGER SUBSIDIARY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5.1&#8195;&#8195;OPERATION IN ORDINARY COURSE. Subject to Sections 1.1(f) and 8.5, each of the Acquiring Fund and the Target
Fund will operate its business in the ordinary course from the date of this Agreement through the Closing, it being understood that such ordinary course of business will include customary dividends and distributions, and any other distributions
necessary or desirable to avoid federal income or excise taxes. Notwithstanding the foregoing, each of the Acquiring Fund and the Target Fund may redeem its VRDP Shares in such amounts and at such times authorized by the Acquiring Fund Board and the
Target Fund Board, respectively, prior to the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5.2&#8195;&#8195;APPROVAL OF SHAREHOLDERS. The Acquiring
Fund will call a meeting of its common and preferred shareholders and the Target Fund will call a meeting of its common and preferred shareholders to consider and act upon the proposal or proposals required to effect the provisions of this Agreement
and to take all other appropriate actions necessary to obtain approval of the transactions contemplated herein (such meetings together, the &#147;Shareholder Meeting&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5.3&#8195;&#8195;ADDITIONAL INFORMATION. The Target Fund will assist the Acquiring Fund in obtaining such information as the
Acquiring Fund reasonably requests concerning the beneficial ownership of the Target Fund Shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5.4&#8195;&#8195;FURTHER ACTION. Subject to the provisions of this Agreement, each Fund and the Merger Sub will take or cause
to be taken all actions, and do or cause to be done, all things reasonably necessary, proper or advisable to consummate and make effective the transactions contemplated by this Agreement, including any actions required to be taken after the Closing
Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5.5&#8195;&#8195;PREPARATION OF REGISTRATION STATEMENT, PREFERRED SHARES PROXY STATEMENT AND PROXY
MATERIALS.&nbsp;The Funds will prepare and file with the Commission the Registration Statement and the Preferred Shares Proxy Statement. The Registration Statement shall include the Joint Proxy Statement/Prospectus relating to the transactions
contemplated by this Agreement. The Registration Statement and the Preferred Shares Proxy Statement shall be in compliance with the Securities Act of 1933 as amended (the &#147;1933 Act&#148;), the Securities Exchange Act of 1934, as amended, and
the 1940 Act, as applicable. Each party will provide the other party with the materials and information necessary to prepare the Registration Statement, including the Joint Proxy Statement/Prospectus, the Preferred Shares Proxy Statement and related
materials for inclusion therein, in connection with the Shareholder Meeting to consider the approval of this Agreement and the transactions contemplated herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5.6&#8195;&#8195;REGULATORY APPROVALS. The Acquiring Fund will use all reasonable efforts to obtain the approvals and
authorizations required by the 1933 Act, the 1940 Act, the listing rules of the New York Stock Exchange or another national securities exchange and such of the state &#147;blue sky&#148; or securities laws as it may deem appropriate in order to
consummate the transactions hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5.7&#8195;&#8195;TAX STATUS OF MERGER. The intention of the parties is that the
Merger will qualify as a &#147;reorganization&#148; within the meaning of Section&nbsp;368(a) of the Code. None of the Target Fund, the Acquiring Fund or the Merger Sub shall take any action, or cause any action to be taken (including, without
limitation, the filing of any tax return), that is inconsistent with such treatment or that results in the failure of the Merger to qualify as a &#147;reorganization&#148; within the meaning of Section&nbsp;368(a) of the Code. At or prior to the
Closing, the parties to this Agreement will take such action, or cause such action to be taken, as is reasonably necessary to enable counsel to render the tax opinion contemplated in Section&nbsp;8.11. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-12 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VI </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONDITIONS PRECEDENT TO OBLIGATIONS OF THE TARGET FUND </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The obligations of the Target Fund to consummate the transactions provided for herein shall be subject to the fulfillment or
waiver of the following conditions: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">6.1&#8195;&#8195;All representations and warranties of the Acquiring Fund Parties
contained in this Agreement shall be true and correct in all material respects as of the date hereof and as of the Closing Date, with the same force and effect as if made on and as of the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">6.2&#8195;&#8195;The Acquiring Fund Parties shall have performed and complied in all material respects with all terms,
conditions, covenants, obligations, agreements and restrictions required by this Agreement to be performed or complied with by it prior to or at the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VII </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONDITIONS
PRECEDENT TO OBLIGATIONS OF THE ACQUIRING FUND PARTIES </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The obligations of the Acquiring Fund Parties to consummate
the transactions provided for herein shall be subject to the fulfillment or waiver of the following conditions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">7.1&#8195;&#8195;All representations and warranties of the Target Fund contained in this Agreement shall be true and correct
in all material respects as of the date hereof and as of the Closing Date, with the same force and effect as if made on and as of the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">7.2&#8195;&#8195;The Target Fund shall have performed and complied in all material respects with all terms, conditions,
covenants, obligations, agreements and restrictions required by this Agreement to be performed or complied with by it prior to or at the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">7.3&#8195;&#8195;The Target Fund shall have delivered to the Acquiring Fund Parties a statement of the Target Fund&#146;s
assets and liabilities, together with a list of the Target Fund&#146;s portfolio securities showing the tax basis of such securities by lot and the holding periods of such securities, as of the Closing, certified by the Treasurer of the Target Fund.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">7.4&#8195;&#8195;Prior to the Valuation Time, the Target Fund will have declared the dividends and/or distributions
contemplated by Section&nbsp;8.5. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">7.5&#8195;&#8195;The Target Fund shall have delivered such records, agreements,
certificates, instruments and such other documents as the Acquiring Fund Parties shall reasonably request. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">7.6&#8195;&#8195;The Target Fund shall have taken all steps required to terminate all agreements to which it is a party
(other than this Agreement) and pursuant to which the Target Fund has outstanding or contingent liabilities, unless such liabilities have been accrued as part of the Target Fund&#146;s liabilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VIII </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FURTHER
CONDITIONS PRECEDENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The obligations of the Target Fund and the Acquiring Fund Parties to consummate the
transactions provided for herein are subject to the fulfillment or waiver of the following conditions, as applicable: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.1&#8195;&#8195;This Agreement and the transactions contemplated herein shall have been approved by the requisite vote of
the holders of the outstanding Target Fund Common Shares and Target Fund VRDP Shares, voting as a single class, and the requisite vote of the holders of the outstanding Target Fund VRDP Shares, voting as a
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-13 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
separate class, in accordance with applicable law and the provisions of such Target Fund&#146;s [charter]<SUP STYLE="font-size:75%; vertical-align:top">34</SUP> [Agreement and Declaration of
Trust, Statement of Preferences]<SUP STYLE="font-size:75%; vertical-align:top">35</SUP> and <FONT STYLE="white-space:nowrap">By-laws.</FONT> In addition, this Agreement and the transactions contemplated herein, including the preparation, execution,
and filing of the Articles Supplementary with the State Department of Assessments and Taxation of the State of Maryland, shall have been approved by the requisite vote of the holders of the outstanding Acquiring Fund VRDP Shares, voting as a
separate class, and the issuance of additional Acquiring Fund Common Shares shall have been approved by the requisite vote of the holders of the outstanding Acquiring Fund Common Shares and Acquiring Fund VRDP Shares, voting together as a single
class, in accordance with applicable law, the requirements of any applicable national securities exchange and the provisions of the Acquiring Fund&#146;s charter and <FONT STYLE="white-space:nowrap">By-Laws.</FONT> Notwithstanding anything herein to
the contrary, the parties may not waive the condition set forth in this Section&nbsp;8.1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.2&#8195;&#8195;As of the
Closing, the Commission shall not have issued an unfavorable report under Section&nbsp;25(b) of the 1940 Act, or instituted any proceeding seeking to enjoin the consummation of the transactions contemplated by this Agreement under Section&nbsp;25(c)
of the 1940 Act. Furthermore, no action, suit or other proceeding shall be threatened or pending before any court or governmental agency in which it is sought to restrain or prohibit, or obtain damages or other relief in connection with, this
Agreement or the transactions contemplated herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.3&#8195;&#8195;All required consents of other parties, including
liquidity providers with respect to the VRDP Shares, and all other consents, orders and permits of federal, state and local regulatory authorities (including those of the Commission and of state securities authorities, including any necessary <FONT
STYLE="white-space:nowrap">&#147;no-action&#148;</FONT> positions and exemptive orders from such federal and state authorities) to permit consummation of the transactions contemplated herein shall have been obtained or made. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.4&#8195;&#8195;The Registration Statement shall have become effective under the 1933 Act, and no stop orders suspending the
effectiveness thereof shall have been issued. To the best knowledge of the parties to this Agreement, no investigation or proceeding for that purpose shall have been instituted or be pending, threatened or contemplated under the 1933 Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.5&#8195;&#8195;The Target Fund shall have declared, prior to the Valuation Time, a dividend or dividends with respect to
its common shares in an amount determined by the Target Fund&#146;s officers in accordance with the Target Fund&#146;s past practice that, together with all other dividends paid by the Target Fund with respect to all taxable periods ending on or
before the Closing Date, shall have the effect of distributing to its shareholders at least all of the Target Fund&#146;s investment company taxable income for all taxable periods ending on or before the Closing Date (computed without regard to any
deduction for dividends paid), if any, plus the excess of its interest income excludible from gross income under Section&nbsp;103(a) of the Code, if any, over its deductions disallowed under Sections 265 and 171(a)(2) of the Code for all taxable
periods ending on or before the Closing Date and all of its net capital gains realized in all taxable periods ending on or before the Closing Date (after reduction for any available capital loss carryforward and excluding any net capital gain on
which the Target Fund paid tax under Section&nbsp;852(b)(3)(A) of the Code). Prior to the Closing, to the extent such dividend or dividends are not paid prior to the Closing, the Target Fund shall establish an escrow account and set aside assets in
the amount of such dividend or dividends in such escrow account to be held solely for the benefit of the Target Fund Common Shareholders as of the record date for such dividend or dividends and such dividends shall be paid as previously authorized
by the Target Fund Board. None of the Target Fund, the Acquiring Fund or the Merger Sub shall have any rights with respect to, or interest in, the assets held in such escrow account. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.6&#8195;&#8195;The Articles of Merger [and the Delaware Certificate of
Merger]<SUP STYLE="font-size:75%; vertical-align:top">36</SUP>, specifying the Effective Time as the date and time of the effectiveness of the Merger, shall have been filed with, and accepted by, the State Department of Assessments and Taxation of
the State of Maryland [and the Secretary of State of the State of Delaware, respectively]<SUP STYLE="font-size:75%; vertical-align:top">37</SUP>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.7&#8195;&#8195;The Target Fund shall have received on the Closing Date an opinion of Miles&nbsp;&amp; Stockbridge P.C., as
special Maryland counsel to the Acquiring Fund, dated as of the Closing Date, in a form </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">34</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">35</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">36</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">37</SUP> [Applies to BNY] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-14 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
reasonably satisfactory to the Target Fund, covering the following points with such assumptions, exceptions and limitations as are customary in opinions of this sort: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;The Acquiring Fund has been formed as a corporation and is validly existing under the laws
of the State of Maryland and, to such counsel&#146;s knowledge, has the power as a corporation under its charter and Maryland law applicable to corporations to conduct its business as described in the definitive Joint Proxy Statement/Prospectus as
filed with the Commission pursuant to Rule 424(b) under the 1933 Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;The Acquiring
Fund has the corporate power and authority under its charter and the laws of the State of Maryland applicable to corporations to execute and deliver the Agreement and perform all of its obligations under the Agreement. The execution and delivery of
the Agreement and the consummation by the Acquiring Fund of the transactions contemplated thereby have been duly authorized by all requisite corporate action on the part of the Acquiring Fund under the laws of the State of Maryland applicable to
corporations and the Acquiring Fund&#146;s charter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;The execution and delivery by the
Acquiring Fund of the Agreement did not, and the performance of the Acquiring Fund Party&#146;s obligations under the Agreement will not, violate the Acquiring Fund&#146;s charter or <FONT STYLE="white-space:nowrap">By-Laws.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&#8195;&#8195;Neither the execution, delivery or performance by the Acquiring Fund of the Agreement nor
the compliance by the Acquiring Fund with the terms and provisions thereof will violate any provision of law of the State of Maryland applicable to the Acquiring Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(e)&#8195;&#8195;[To the best of such counsel&#146;s knowledge, no consent, approval, authorization or order
of any Maryland court or Maryland governmental authority is required for consummation by the Acquiring Fund of the transactions contemplated by the Agreement, except as have been obtained.] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(f)&#8195;&#8195;Assuming that the Acquiring Fund Shares will be issued in accordance with the terms of the
Agreement, the Acquiring Fund Shares to be issued and delivered to the Target Fund Shareholders as provided by the Agreement are duly authorized and upon such delivery will be validly issued and fully paid and
<FONT STYLE="white-space:nowrap">non-assessable</FONT> by the Acquiring Fund. No shareholder of the Acquiring Fund has, as such holder, any preemptive rights to acquire, purchase or subscribe for any securities of the Acquiring Fund under the
Acquiring Fund&#146;s charter or <FONT STYLE="white-space:nowrap">By-Laws</FONT> or the applicable laws of the State of Maryland. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.8&#8195;&#8195;The Target Fund shall have received on the Closing Date an opinion of Willkie Farr&nbsp;&amp; Gallagher LLP,
dated as of the Closing Date, in a form reasonably satisfactory to the Target Fund, covering the following points with such assumptions, exceptions and limitations as are customary in opinions of this sort: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;The Acquiring Fund is registered as a <FONT STYLE="white-space:nowrap">closed-end</FONT>
management investment company under the 1940 Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;To the best of such counsel&#146;s
knowledge, no governmental approval, which has not been obtained and is not in full force and effect, is required to authorize, or is required in connection with, the execution or delivery of the Agreement by the Acquiring Fund, or the
enforceability of the Agreement against the Acquiring Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;None of the execution,
delivery or performance by the Acquiring Fund, of the Agreement nor the compliance by the Acquiring Fund, with the terms and provisions thereof will contravene any provision of applicable federal securities law of the United States of America. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-15 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.9&#8195;&#8195;The Acquiring Fund shall have received on the Closing Date
an opinion from [Miles&nbsp;&amp; Stockbridge P.C.]<SUP STYLE="font-size:75%; vertical-align:top">38</SUP><SUP STYLE="font-size:75%; vertical-align:top"> </SUP>[Morris, Nichols, Arsht&nbsp;&amp; Tunnell LLP]<SUP
STYLE="font-size:75%; vertical-align:top">39</SUP>, as special [Maryland]<SUP STYLE="font-size:75%; vertical-align:top">40</SUP> [Delaware]<SUP STYLE="font-size:75%; vertical-align:top">41</SUP> counsel to the Target Fund and the Merger Sub, dated
as of the Closing Date, in a form reasonably satisfactory to the Acquiring Fund, covering the following points with such assumptions, exceptions and limitations as are customary in opinions of this sort: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;[The Target Fund is a corporation duly incorporated and is validly existing in good standing
under the laws of the State of Maryland.]<SUP STYLE="font-size:75%; vertical-align:top">42</SUP> [The Target Fund is a statutory trust duly formed and is validly existing in good standing under the laws of the State of Delaware.]<SUP
STYLE="font-size:75%; vertical-align:top">43</SUP> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;The Merger Sub is a limited
liability company and is validly existing under the laws of the [State of Maryland]<SUP STYLE="font-size:75%; vertical-align:top">44</SUP> [State of Delaware]<SUP STYLE="font-size:75%; vertical-align:top">45</SUP>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;[The Target Fund has the requisite corporate power and authority under the applicable laws
of the State of Maryland and the Target Fund&#146;s charter to execute and deliver the Agreement and to perform its obligations thereunder. The execution and delivery of the Agreement and the consummation by the Target Fund of the transactions
contemplated thereby have been duly authorized by all necessary corporate action on the part of the Target Fund under the applicable laws of the State of Maryland and the Target Fund&#146;s
charter.]<SUP STYLE="font-size:75%; vertical-align:top">46</SUP> [The Target Fund has the requisite statutory trust power and authority under the Delaware Statutory Trust Act (the &#147;DSTA&#148;) to execute and deliver the Agreement and to perform
its obligations thereunder. The execution and delivery of the Agreement and the consummation by the Target Fund of the transactions contemplated thereby have been duly authorized by all necessary statutory trust action on the part of the Target Fund
under the DSTA and the Target Fund&#146;s Agreement and Declaration of Trust.]<SUP STYLE="font-size:75%; vertical-align:top">47</SUP> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&#8195;&#8195;The Agreement has been duly executed by the Target Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(e)&#8195;&#8195;[The execution and delivery by the Target Fund and by the Merger Sub of the Agreement did
not, and the performance of the obligations under the Agreement will not, violate the charter or the <FONT STYLE="white-space:nowrap">By-laws</FONT> of the Target Fund or the Merger Sub&#146;s Articles of Organization or Operating Agreement.]<SUP
STYLE="font-size:75%; vertical-align:top">48</SUP> [The execution and delivery by the Target Fund and by the Merger Sub of the Agreement, and the performance of the obligations under the Agreement, will not violate the Agreement and Declaration of
Trust, Statement of Preferences or the <FONT STYLE="white-space:nowrap">By-laws</FONT> of the Target Fund or the Merger Sub&#146;s Certificate of Formation or LLC Agreement.]<SUP STYLE="font-size:75%; vertical-align:top">49</SUP> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(f)&#8195;&#8195;[Neither the execution, delivery or performance by the Target Fund of the Agreement nor the
compliance by the Target Fund with the terms and provisions thereof will violate any provision of the applicable laws of the State of Maryland.]<SUP STYLE="font-size:75%; vertical-align:top">50</SUP> [None of the execution, delivery or performance
by the Target Fund of the Agreement nor the compliance by the Target Fund with the terms and provisions thereof will violate any provision of the DSTA.]<SUP STYLE="font-size:75%; vertical-align:top">51</SUP> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(g)&#8195;&#8195;[To the knowledge of counsel, the Target Fund has the requisite corporate power and
authority under the applicable laws of the State of Maryland and the Target Fund&#146;s charter to merge with </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">38</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">39</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">40</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">41</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">42</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">43</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">44</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">45</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">46</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">47</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">48</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">49</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">50</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">51</SUP> [Applies to BNY] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-16 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
and into the Merger Sub as contemplated by the Agreement.]<SUP STYLE="font-size:75%; vertical-align:top">52</SUP> [The Target Fund has the requisite statutory trust power and authority under the
DSTA and the Target Fund&#146;s Agreement and Declaration of Trust to merge with and into the Merger Sub as contemplated by the Agreement.]<SUP STYLE="font-size:75%; vertical-align:top">53</SUP> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(h)&#8195;&#8195;To the knowledge of counsel, no consent, approval, authorization or order of any [Maryland]<SUP
STYLE="font-size:75%; vertical-align:top">54</SUP> [Delaware]<SUP STYLE="font-size:75%; vertical-align:top">55</SUP> court or [Maryland]<SUP STYLE="font-size:75%; vertical-align:top">56</SUP>
[Delaware]<SUP STYLE="font-size:75%; vertical-align:top">57</SUP> governmental authority is required for consummation by the Merger Sub of the transactions contemplated by the Agreement, except as have been obtained. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.10&#8195;&#8195;The Acquiring Fund shall have received on the Closing Date an opinion of Willkie Farr&nbsp;&amp; Gallagher
LLP, dated as of the Closing Date, in a form reasonably satisfactory to the Acquiring Fund, covering the following points with such assumptions, exceptions and limitations as are customary in opinions of this sort: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;The Target Fund is registered as a <FONT STYLE="white-space:nowrap">closed-end</FONT>
management investment company under the 1940 Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;To the best of such counsel&#146;s
knowledge, no governmental approval, which has not been obtained and is not in full force and effect, is required to authorize, or is required in connection with, the execution or delivery of the Agreement by the Target Fund, or the enforceability
of the Agreement against the Target Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;Neither the execution, delivery or
performance by the Target Fund of the Agreement nor the compliance by the Target Fund with the terms and provisions thereof will contravene any provision of applicable federal securities law of the United States of America. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8.11&#8195;&#8195;The Funds shall have received on the Closing Date an opinion of Willkie Farr&nbsp;&amp; Gallagher LLP,
United States tax counsel to the Acquiring Fund and the Target Fund, addressed to the Acquiring Fund and the Target Fund substantially to the effect that for U.S. federal income tax purposes: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;The merger of the Target Fund with and into the Merger Sub pursuant to applicable state laws
will constitute a &#147;reorganization&#148; within the meaning of Section&nbsp;368(a) of the Code and the Acquiring Fund and the Target Fund will each be a &#147;party to a reorganization,&#148; within the meaning of Section&nbsp;368(b) of the
Code, with respect to the merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;No gain or loss will be recognized by the Acquiring
Fund or the Merger Sub upon the merger of the Target Fund with and into the Merger Sub pursuant to applicable state laws or upon the liquidation of the Merger Sub. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;No gain or loss will be recognized by the Target Fund upon the merger of the Target Fund
with and into the Merger Sub pursuant to applicable state laws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d)&#8195;&#8195;No gain or loss will be
recognized by the Target Fund Shareholders upon the conversion of all their Target Fund Shares solely into Acquiring Fund Shares in the merger of the Target Fund with and into the Merger Sub pursuant to applicable state laws, except to the extent
the Target Fund Common Shareholders receive cash in lieu of a fractional Acquiring Fund Common Share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(e)&#8195;&#8195;The aggregate basis of the Acquiring Fund Shares received by the Target Fund Shareholder
pursuant to the merger (including any fractional Acquiring Fund Common Share to which a </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">52</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">53</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">54</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">55</SUP> [Applies to BNY] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">56</SUP> [Applies to MHN] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">57</SUP> [Applies to BNY] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-17 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Target Fund Common Shareholder would be entitled) will be the same as the aggregate basis of the Target Fund Shares that were converted into such Acquiring Fund Shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(f)&#8195;&#8195;The holding period of the Acquiring Fund Shares received by each Target Fund Shareholder in
the Merger (including any fractional Acquiring Fund Common Share to which a Target Fund Common Shareholder would be entitled) will include the period during which the Target Fund Shares that were converted into such Acquiring Fund Shares were held
by such shareholder, provided such Target Fund Shares are held as capital assets at the time of the Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(g)&#8195;&#8195;A Target Fund Shareholder that receives cash in lieu of a fractional Acquiring Fund Common
Share in the Merger will be treated as having received cash in exchange for such fractional Acquiring Fund Common Share. A Target Fund Shareholder that receives cash in lieu of a fractional Acquiring Fund Common Share will recognize capital gain or
loss equal to the difference between the amount of cash deemed received for the fractional Acquiring Fund Common Share and the Target Fund Shareholder&#146;s tax basis in Target Fund Shares allocable to the fractional Acquiring Fund Common Share,
provided such Target Fund Shares are held as capital assets at the time of the Merger. The capital gain or loss will be a long-term capital gain or loss if the Target Fund Shareholder&#146;s holding period for such Target Fund Shares is more than
one year as of the date the Merger is consummated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(h)&#8195;&#8195;The basis of the Target Fund&#146;s
assets received by the Merger Sub in the Merger will be the same as the basis of such assets in the hands of the Target Fund immediately before the Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(i)&#8195;&#8195;The holding period of the assets of the Target Fund received by the Merger Sub in the Merger
will include the period during which those assets were held by the Target Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">No opinion will be expressed as to
(1)&nbsp;the effect of the Merger on the Target Fund, the Acquiring Fund, the Merger Sub or any Target Fund Shareholder with respect to any asset (including, without limitation, any stock held in a passive foreign investment company as defined in
Section&nbsp;1297(a) of the Code) as to which any unrealized gain or loss is required to be recognized under federal income tax principles (a)&nbsp;at the end of a taxable year (or on the termination thereof) or (b)&nbsp;upon the transfer of such
asset regardless of whether such transfer would otherwise be a <FONT STYLE="white-space:nowrap">non-taxable</FONT> transaction under the Code, and (2)&nbsp;the effect of the Merger under the alternative minimum tax imposed under Section&nbsp;55 of
the Code on any direct or indirect shareholder of a Target Fund that is a corporation, and (3)&nbsp;any other federal tax issues (except those set forth above) and all state, local or foreign tax issues of any kind. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Such opinion shall be based on customary assumptions and such representations as Willkie Farr&nbsp;&amp; Gallagher LLP may
reasonably request of the Funds and the Merger Sub. The Target Fund and the Acquiring Fund Parties will cooperate to make and certify the accuracy of such representations. Notwithstanding anything herein to the contrary, neither the Acquiring Fund
nor the Target Fund may waive the conditions set forth in this Section&nbsp;8.11. Insofar as the opinions expressed above relate to or are dependent upon the classification of the Acquiring Fund VRDP Shares as equity for federal income tax purposes,
Willkie Farr&nbsp;&amp; Gallagher LLP may rely on, without restating, its opinions delivered to the Acquiring Fund with respect to such issue. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IX </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXPENSES
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">9.1&#8195;&#8195;The Target Fund and the Acquiring Fund will bear expenses incurred in connection with the Merger,
including but not limited to, costs related to the preparation and distribution of materials distributed to each Fund&#146;s Board, expenses incurred in connection with the preparation of this Agreement, the preparation and filing of any documents
required by such Fund&#146;s state of organization, the preparation and filing of the <FONT STYLE="white-space:nowrap">N-14</FONT> Registration Statement and the Preferred Shares Proxy Statement with the Commission, the printing and distribution of
the Joint Proxy Statement/Prospectus, the Preferred Shares Proxy Statement and any other materials required to be distributed to shareholders, the Commission, state securities commission and secretary of state filing fees and legal and audit fees in
connection with the Merger, fees incurred in obtaining the requisite consents of rating agencies, counterparties or service providers to the preferred shares, legal fees incurred in connection with amending the transaction documents for the
preferred shares, which may include the legal fees of counterparties and service providers to the extent </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-18 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
applicable, [fees and expenses incurred in connection with the Target Fund VRDP Refinancing,] legal fees incurred preparing each Fund&#146;s board materials, attending each Fund&#146;s board
meetings and preparing the minutes, rating agency fees associated with the ratings of the preferred shares in connection with the Merger, audit fees associated with each Fund&#146;s financial statements, stock exchange fees, transfer agency fees,
rating agency fees, portfolio transfer taxes (if any) and any other legal fees and similar expenses incurred in connection with the Merger, which will be borne directly by the respective Fund incurring the expense or allocated among the Funds based
upon any reasonable methodology approved by the Boards of the Funds, provided, that BlackRock may bear all or a portion of the Merger expenses of each Fund as set forth in the <FONT STYLE="white-space:nowrap">N-14</FONT> Registration Statement.
Neither the Funds nor the investment adviser will pay any expenses of shareholders arising out of or in connection with the Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">9.2&#8195;&#8195;Each party represents and warrants to the other parties that there is no person or entity entitled to
receive any broker&#146;s fees or similar fees or commission payments in connection with structuring the transactions provided for herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">9.3&#8195;&#8195;Notwithstanding the foregoing, expenses will in any event be paid by the party directly incurring such
expenses if and to the extent that the payment by another party of such expenses would result in the disqualification of the Target Fund or the Acquiring Fund, as the case may be, as a RIC under the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE X </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ENTIRE
AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">10.1&#8195;&#8195;The parties agree that no party has made to any other party any representation, warranty
and/or covenant not set forth herein and that this Agreement constitutes the entire agreement between and among the parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE XI
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TERMINATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">11.1&#8195;&#8195;This Agreement may be terminated by the mutual agreement of the Acquiring Fund and the Target Fund. In
addition, this Agreement may be terminated by either party at or before the Closing Date due to: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;a breach by the <FONT STYLE="white-space:nowrap">non-terminating</FONT> party of any
representation or warranty, or agreement to be performed at or before the Closing, if not cured within 30 days of the breach and prior to the Closing; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;a condition precedent to the obligations of the terminating party that has not been met or
waived and it reasonably appears that it will not or cannot be met; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;a determination
by the Acquiring Fund Board or the Target Fund Board that the consummation of the transactions contemplated herein is not in the best interests of its respective Fund involved in the transactions contemplated by this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">11.2&#8195;&#8195;In the event of any such termination, in the absence of willful default, there shall be no liability for
damages on the part of the Acquiring Fund Parties or the Target Fund. Notwithstanding any other provision of this Agreement to the contrary, the termination of this Agreement with respect to a Fund will have no effect on the obligation of that Fund
to bear the portion of Merger-related expenses allocated to it as provided in Section&nbsp;9.1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE XII </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">12.1&#8195;&#8195;This Agreement may be amended, modified or supplemented in such manner as may be mutually agreed upon in
writing by each Fund and the Merger Sub subject to the prior review of each Fund&#146;s and the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-19 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Merger Sub&#146;s counsel and the authorization of each Board; provided, however, that following the Shareholder Meeting, no such amendment, modification or supplement may have the effect of
changing the provisions for determining the number of Acquiring Fund Shares to be issued to the Target Fund Shareholders under this Agreement to the detriment of such shareholders without their further approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE XIII </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>HEADINGS;
COUNTERPARTS; GOVERNING LAW; ASSIGNMENT; </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>LIMITATION OF LIABILITY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">13.1&#8195;&#8195;The article and section headings contained in this Agreement are for reference purposes only and shall not
affect in any way the meaning or interpretation of this Agreement. The use of the terms &#147;including&#148; or &#147;include&#148; in this Agreement shall in all cases herein mean &#147;including, without limitation&#148; or &#147;include, without
limitation,&#148; respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">13.2&#8195;&#8195;This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. The execution and delivery of this Agreement may occur by facsimile or by email in portable document format (PDF) or by other means of
electronic signature and electronic transmission, including DocuSign or other similar method, and originals or copies of signatures executed and delivered by such methods shall have the full force and effect of the original signatures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">13.3&#8195;&#8195;This Agreement shall be governed by and construed in accordance with the laws of the State of New York.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">13.4&#8195;&#8195;This Agreement shall bind and inure to the benefit of the parties hereto and their respective
successors and assigns, and no assignment or transfer hereof or of any rights or obligations hereunder shall be made by any party without the written consent of the other parties. Nothing herein expressed or implied is intended or shall be construed
to confer upon or give any person, firm or corporation, other than the parties hereto and their respective successors and assigns, any rights or remedies under or by reason of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">13.5&#8195;&#8195;It is understood and agreed that no Fund shall have any liability for the obligations of the other Fund,
and the liabilities of each Fund shall be several and not joint. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Remainder of Page Intentionally Left Blank</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-20 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">IN WITNESS WHEREOF, the parties have duly executed this Agreement, all as
of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.50em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Name:&#8201;&#8202;[&#8195;]</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.50em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Title:&#8194;&#8201;&#8202;[&#8195;]</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">[BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.] [BLACKROCK NEW YORK MUNICIPAL INCOME TRUST]</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.50em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Name:&#8201;&#8202;[&#8195;]</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.50em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Title&#8195;&#8202;[&#8195;]</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">[MERGER SUB]</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.50em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Name:&#8201;&#8202;[&#8195;]</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.50em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Title&#8195;&#8202;[&#8195;]</P></TD></TR>
</TABLE></DIV>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc61427_66"></A>APPENDIX B </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FUNDAMENTAL AND <FONT STYLE="white-space:nowrap">NON-FUNDAMENTAL</FONT> INVESTMENT RESTRICTIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Capitalized terms used but not defined herein shall have the meanings assigned to them by the Joint Proxy Statement/Prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Acquiring Fund </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following are
fundamental investment restrictions of the Acquiring Fund and may not be changed without the approval of the holders of a majority of the Acquiring Fund&#146;s outstanding Common Shares and outstanding Preferred Shares, voting together as a single
class, and a majority of the outstanding Preferred Shares, voting as a separate class (which for this purpose and under the 1940 Act means the lesser of (i) 67% of the shares of each class of capital stock represented at a meeting at which more than
50% of the outstanding shares of each class of capital stock are represented or (ii)&nbsp;more than 50% of the outstanding shares of each class of capital stock). The Acquiring Fund may not: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1. Make investments for the purpose of exercising control or management. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2. Purchase securities of other investment companies, except (i)&nbsp;in connection with a merger, consolidation, acquisition
or reorganization, (ii)&nbsp;by purchase of shares of <FONT STYLE="white-space:nowrap">tax-exempt</FONT> money market funds advised by the Investment Advisor or its affiliates (as defined in the 1940 Act) to the extent permitted by an exemptive
order issued to the Acquiring Fund by the SEC, or (iii)&nbsp;by purchase in the open market of securities of <FONT STYLE="white-space:nowrap">closed-end</FONT> investment companies and only if immediately thereafter not more than 10% of the
Acquiring Fund&#146;s total assets would be invested in such securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3. Purchase or sell real estate, real estate
limited partnerships, commodities or commodity contracts; provided that the Acquiring Fund may invest in securities secured by real estate or interests therein or issued by companies that invest in real estate or interests therein and the Acquiring
Fund may purchase and sell financial futures contracts and options thereon. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4. Issue senior securities other than
preferred stock or borrow in excess of 5% of its total assets taken at market value; provided, however, that the Acquiring Fund is authorized to borrow moneys in excess of 5% of the value of its total assets for the purpose of repurchasing shares of
common stock or redeeming shares of preferred stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5. Underwrite securities of other issuers except insofar as the
Acquiring Fund may be deemed an underwriter under the Securities Act in selling portfolio securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">6. Make loans to
other persons, except that the Acquiring Fund may purchase New York Municipal Bonds, Municipal Bonds and other debt securities in accordance with its investment objective, policies and limitations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">7. Purchase any securities on margin, except that the Acquiring Fund may obtain such short-term credit as may be necessary for
the clearance of purchases and sales of portfolio securities (the deposit or payment by the Acquiring Fund of initial or variation margin in connection with financial futures contracts and options thereon is not considered the purchase of a security
on margin). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">8. Make short sales of securities or maintain a short position or invest in put, call, straddle or spread
options, except that the Acquiring Fund may write, purchase and sell options and futures on MYN New York Municipal Bonds, MYN Municipal Bonds, U.S. Government obligations and related indices or otherwise in connection with bona fide hedging
activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">9. Invest more than 25% of its total assets (taken at market value at the time of each investment) in
securities of issuers in a single industry; <U>provided</U> that, for purposes of this restriction, states municipalities and their political subdivisions are not considered to be part of any industry. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For purposes of fundamental investment restriction (4)&nbsp;above, the Acquiring Fund may
borrow moneys in excess of 5% of the value of its total assets to the extent permitted by Section&nbsp;18 of the 1940 Act or otherwise as permitted by applicable law for the purpose of repurchasing shares of common stock or redeeming shares of
preferred stock. For purposes of fundamental investment restriction (9)&nbsp;above, the exception for states, municipalities and their political subdivisions applies only to <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities issued by
such entities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">An additional investment restriction adopted by the Acquiring Fund, which may be changed by the Board without stockholder
approval, provides that the Acquiring Fund may not mortgage, pledge, hypothecate or in any manner transfer, as security for indebtedness, any securities owned or held by the Acquiring Fund except as may be necessary in connection with borrowings
mentioned in investment restriction (4)&nbsp;above or except as may be necessary in connection with transactions in financial futures contracts and options thereon. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If a percentage restriction on the investment or use of assets set forth above is adhered to at the time a transaction is effected, later
changes in percentage resulting from changing values will not be considered a violation. The Acquiring Fund is classified as <FONT STYLE="white-space:nowrap">non-diversified</FONT> within the meaning of the 1940 Act, which means that the Acquiring
Fund is not limited by the 1940 Act in the proportion of its total assets that it may invest in securities of a single issuer. However, the Acquiring Fund&#146;s investments are limited so as to qualify the Acquiring Fund for the special tax
treatment afforded RICs under the federal tax laws. In order to qualify as a RIC, the Acquiring Fund must, among other things, diversify its holdings so that, at the close of each quarter of its taxable year, (i)&nbsp;at least 50% of the value of
its total assets consists of cash, cash items, U.S. Government securities, securities of other RICs and other securities, with such other securities limited in respect of any one issuer to an amount not greater in value than 5% of the value of the
Acquiring Fund&#146;s total assets and to not more than 10% of the outstanding voting securities of such issuer, and (ii)&nbsp;not more than 25% of the value of the total assets is invested in the securities (other than U.S. Government securities
and securities of other RICs) of any one issuer, any two or more issuers controlled by the Acquiring Fund and engaged in the same, similar or related trades or businesses, or any one or more &#147;qualified publicly traded partnerships.&#148; For
purposes of this restriction, the Acquiring Fund will regard each state and each political subdivision, agency or instrumentality of such state and each multi-state agency of which such state is a member and each public authority which issues
securities on behalf of a private entity as a separate issuer, except that if the security is backed only by the assets and revenues of a <FONT STYLE="white-space:nowrap">non-government</FONT> entity then the entity with the ultimate responsibility
for the payment of interest and principal may be regarded as the sole issuer. These <FONT STYLE="white-space:nowrap">tax-related</FONT> limitations may be changed by the Board of the Acquiring Fund to the extent necessary to comply with changes in
the federal tax requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent that the Acquiring Fund assumes large positions in the securities of a small number of
issuers, its yield may fluctuate to a greater extent than that of a diversified company as a result of changes in the financial condition or in the market&#146;s assessment of the issuers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund&#146;s VRDP Shares are assigned long-term ratings by Moody&#146;s and Fitch. In order to maintain the required ratings, the
Acquiring Fund is required to comply with certain investment quality, diversification and other guidelines established by Moody&#146;s and Fitch. Such guidelines may be more restrictive than the restrictions set forth above. The Acquiring Fund does
not anticipate that such guidelines would have a material adverse effect on its ability to achieve its investment objective. Moody&#146;s and Fitch receive fees in connection with their ratings issuances. The Acquiring Fund is also subject to
certain covenants and requirements under the terms of the Acquiring Fund VRDP Shares and related documents, including the terms of the liquidity facility supporting the Acquiring Fund VRDP Shares. Such requirements may be more restrictive than the
restrictions set forth above. The Acquiring Fund does not anticipate that such requirements would have a material adverse effect on its ability to achieve its investment objective. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>MHN </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN has adopted restrictions
and policies relating to the investment of MHN&#146;s assets and its activities. Certain of the restrictions are fundamental policies of MHN and may not be changed without the approval of the holders of a majority of MHN&#146;s outstanding voting
securities (which for this purpose and under the 1940 Act means the lesser of (i) 67% of the shares of each class of capital stock represented at a meeting at which more than 50% of the outstanding shares of each class of capital stock are
represented or (ii)&nbsp;more than 50% of the outstanding share of each class of capital stock, but for shares of preferred stock voting separately as a single class, &#147;majority&#148; means more than 50% of the outstanding shares of preferred
stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Fundamental Investment Restrictions</I>. Under these fundamental investment restrictions,
MHN may not: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1. Make investments for the purpose of exercising control or management. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2. Purchase or sell real estate, real estate limited partnerships, commodities or commodity contracts; provided that MHN may
invest in securities secured by real estate or interests therein or issued by companies that invest in real estate or interest therein, and MHN may purchase and sell financial futures contracts and options thereon. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3. Issue senior securities or borrow money except as permitted by Section&nbsp;18 of the 1940 Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4. Underwrite securities of other issuers except insofar as MHN may be deemed an underwriter under the Securities Act of 1933,
as amended, in selling portfolio securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5. Make loans to other persons, except that MHN may purchase MHN New York
Municipal Bonds, MHN Municipal Bonds and other debt securities in accordance with its investment objective, policies and limitations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">6. Invest more than 25% of its total assets (taken at market value at the time of each investment) in securities of issuers in
a single industry; provided that, for purposes of this restriction, states, municipalities and their political subdivisions are not considered to be part of any industry. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For purposes of fundamental investment restriction (6)&nbsp;above, the exception for states, municipalities and their political subdivisions
applies only to <FONT STYLE="white-space:nowrap">tax-exempt</FONT> securities issued by such entities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Additional investment restrictions
adopted by MHN, which may be changed by the Board without shareholder approval, provide that MHN may not: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">a. Purchase
securities of other investment companies, except to the extent that such purchases are permitted by applicable law. Applicable law currently prohibits MHN from purchasing the securities of other investment companies except if immediately thereafter
not more than (i) 3% of the total outstanding voting stock of such company is owned by MHN, (ii) 5% of MHN&#146;s total assets, taken at market value, would be invested in anyone such company, (iii) 10% of MHN&#146;s total assets, taken at market
value, would be invested in such securities, and (iv)&nbsp;MHN, together with other investment companies having the same investment adviser and companies controlled by such companies, owns not more than 10% of the total outstanding stock of anyone <FONT
STYLE="white-space:nowrap">closed-end</FONT> investment company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">b. Mortgage, pledge, hypothecate or in any manner
transfer, as security for indebtedness, any securities owned or held by MHN except as may be necessary in connection with borrowings mentioned in investment restriction (3)&nbsp;above or except as may be necessary in connection with transactions in
financial futures contracts and options thereon. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">c. Purchase any securities on margin, except that MHN may obtain such
short-term credit as may be necessary for the clearance of purchases and sales of portfolio securities (the deposit or payment by MHN of initial or variation margin in connection with financial futures contracts and options thereon is not considered
the purchase of a security on margin). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">d. Make short sales of securities or maintain a short position or invest in put,
call, straddle or spread options, except that MHN may write, purchase and sell options and futures on MHN New York Municipal Bonds, MHN Municipal Bonds, U.S. Government obligations and related indices or otherwise in connection with bona fide
hedging activities and may purchase and sell Call Rights to require mandatory tender for the purchase of related MHN New York Municipal Bonds and MHN Municipal Bonds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Unless otherwise indicated, all limitations under MHN&#146;s fundamental or <FONT STYLE="white-space:nowrap">non-fundamental</FONT> investment
restrictions apply only at the time that a transaction is undertaken. Any change in the percentage of MHN&#146;s assets invested in certain securities or other instruments resulting from market fluctuations or other changes in MHN&#146;s total
assets will </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-3 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
not require MHN to dispose of an investment until the Investment Advisor determines that it is practicable to sell or close out the investment without undue market or tax consequences. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Any policies of MHN not described as fundamental may be changed by the Board without shareholder approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If a percentage restriction on the investment policies or the investment or use of assets set forth above is adhered to at the time a
transaction is effected, later changes in percentage resulting from changing values will not be considered a violation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">MHN is classified
as <FONT STYLE="white-space:nowrap">non-diversified</FONT> within the meaning of the 1940 Act, which means that MHN is not limited by the 1940 Act in the proportion of its assets that it may invest in securities of a single issuer. As a <FONT
STYLE="white-space:nowrap">non-diversified</FONT> fund, MHN&#146;s investments are limited, however, in order to allow MHN to continue to qualify as a regulated investment company under Code. To qualify, MHN complies with certain requirements,
including limiting its investments so that at the close of each quarter of the taxable year (i)&nbsp;not more than 25% of the market value of MHN&#146;s total assets will be invested in the securities of a single issuer or in qualified publicly
traded partnerships as defined in the Code and (ii)&nbsp;with respect to 50% of the market value of its total assets, not more than 5% of the market value of its total assets will be invested in the securities of a single issuer and MHN will not own
more than 10% of the outstanding voting securities of a single issuer. For purposes of this restriction, MHN will regard each state and each political subdivision, agency or instrumentality of such state and each multi-state agency of which such
state is a member and each public authority which issues securities on behalf of a private entity as a separate issuer, except that if the security is backed only by the assets and revenues of a <FONT STYLE="white-space:nowrap">non-government</FONT>
entity then the entity with the ultimate responsibility for the payment of interest and principal may be regarded as the sole issuer. These <FONT STYLE="white-space:nowrap">tax-related</FONT> limitations may be changed by the Board of MHN to the
extent necessary to comply with changes in the federal tax requirements. A fund that elects to be classified as &#147;diversified&#148; under the 1940 Act must satisfy the foregoing 5% and 10% requirements with respect to 75% of its total assets.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>BNY </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following are
fundamental investment restrictions of BNY and may not be changed without the approval of the holders of a majority of BNY&#146;s outstanding common shares and outstanding preferred shares, voting together as a single class, and a majority of the
outstanding preferred shares, voting as a separate class (which for this purpose and under the 1940 Act means the lesser of (i) 67% of the shares of each class of shares represented at a meeting at which more than 50% of the outstanding shares of
each class of shares are represented or (ii)&nbsp;more than 50% of the outstanding shares of each class of shares). BNY may not: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1. Invest 25% or more of the value of its total assets in any one industry, provided that this limitation does not apply to
municipal bonds other than those municipal bonds backed only by assets and revenues of <FONT STYLE="white-space:nowrap">non-governmental</FONT> issuers; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2. Issue senior securities or borrow money other than as permitted by the 1940 Act or pledge its assets other than to secure
such issuances or in connection with hedging transactions, short sales, when-issued and forward commitment transactions and similar investment strategies; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3. Make loans of money or property to any person, except through loans of portfolio securities, the purchase of fixed income
securities consistent with BNY&#146;s investment objective and policies or the entry into repurchase agreements; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4.
Underwrite the securities of other issuers, except to the extent that in connection with the disposition of portfolio securities or the sale of its own securities BNY may be deemed to be an underwriter; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">5. Purchase or sell real estate or interests therein other than municipal bonds secured by real estate or interests therein;
provided that BNY may hold and sell any real estate acquired in connection with its investment in portfolio securities; or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-4 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">6. Purchase or sell commodities or commodity contracts for any purposes
except as, and to the extent, permitted by applicable law without BNY becoming subject to registration with the CFTC as a commodity pool. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For purposes of applying the limitation set forth in subparagraph (1)&nbsp;above, securities of the U.S. government, its agencies, or
instrumentalities, and securities backed by the credit of a governmental entity are not considered to represent industries. However, obligations backed only by the assets and revenues of <FONT STYLE="white-space:nowrap">non-governmental</FONT>
issuers may for this purpose be deemed to be issued by such <FONT STYLE="white-space:nowrap">non-governmental</FONT> issuers. Thus, the 25% limitation would apply to such obligations. It is nonetheless possible that BNY may invest more than 25% of
its total assets in a broader economic sector of the market for municipal bonds, such as revenue obligations of hospitals and other health care facilities or electrical utility revenue obligations. BNY reserves the right to invest more than 25% of
its assets in industrial development bonds and private activity securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For the purpose of applying the limitation set forth in
subparagraph (1)&nbsp;above, a <FONT STYLE="white-space:nowrap">non-governmental</FONT> issuer shall be deemed the sole issuer of a security when its assets and revenues are separate from other governmental entities and its securities are backed
only by its assets and revenues. Similarly, in the case of a <FONT STYLE="white-space:nowrap">non-governmental</FONT> issuer, such as an industrial corporation or a privately owned or operated hospital, if the security is backed only by the assets
and revenues of the <FONT STYLE="white-space:nowrap">non-governmental</FONT> issuer, then such <FONT STYLE="white-space:nowrap">non-governmental</FONT> issuer would be deemed to be the sole issuer. Where a security is also backed by the enforceable
obligation of a superior or unrelated governmental or other entity (other than a bond insurer), it shall also be included in the computation of securities owned that are issued by such governmental or other entity. Where a security is guaranteed by
a governmental entity or some other facility, such as a bank guarantee or letter of credit, such a guarantee or letter of credit would be considered a separate security and would be treated as an issue of such government, other entity or bank. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When a municipal bond is insured by bond insurance, it shall not be considered a security that is issued or guaranteed by the insurer;
instead, the issuer of such municipal bond will be determined in accordance with the principles set forth above. The foregoing restrictions do not limit the percentage of BNY&#146;s assets that may be invested in municipal bonds insured by any given
insurer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition to the foregoing fundamental investment policies, BNY is also subject to the following <FONT
STYLE="white-space:nowrap">non-fundamental</FONT> restrictions and policies, which may be changed by the Board. BNY may not: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">a) make any short sale of securities except in conformity with applicable laws, rules and regulations and unless, after giving
effect to such sale, the market value of all securities sold short does not exceed 25% of the value of BNY&#146;s total assets and BNY&#146;s aggregate short sales of a particular class of securities does not exceed 25% of the then outstanding
securities of that class. BNY may also make short sales &#147;against the box&#148; without respect to such limitations. In this type of short sale, at the time of the sale, BNY owns or has the immediate and unconditional right to acquire at no
additional cost the identical security; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">b) purchase securities of <FONT STYLE="white-space:nowrap">open-end</FONT> or <FONT
STYLE="white-space:nowrap">closed-end</FONT> investment companies except in compliance with the 1940 Act or any exemptive relief obtained thereunder; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">c) purchase securities of companies for the purpose of exercising control. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If a percentage restriction on the investment policies or the investment or use of assets set forth above is adhered to at the time a
transaction is effected, later changes in percentage resulting from changing values will not be considered a violation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-5 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><FONT COLOR="#ff4338"><B>The information in this Statement of Additional Information is not
complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This Statement of Additional Information is not an offer to sell these securities and it
is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT COLOR="#ff4338"><B>SUBJECT TO COMPLETION, DATED JULY&nbsp;16, 2025 </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STATEMENT OF ADDITIONAL INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dated [</B>&#9679;<B></B><B>] </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Statement of Additional Information is available to the common shareholders of BlackRock New York Municipal Income Trust (NYSE Ticker:
BNY) (&#147;BNY&#148;) and BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE Ticker: MHN) (&#147;MHN&#148; and together with BNY, the &#147;Target Funds&#148;), in connection with the merger of each Target Fund with and into a wholly-owned
subsidiary of BlackRock MuniYield New York Quality Fund, Inc. (NYSE Ticker: MYN) (&#147;MYN&#148; or the &#147;Acquiring Fund,&#148; and collectively with BNY and MHN, the &#147;Funds,&#148; and each, a &#147;Fund&#148;), with the issued and
outstanding common and preferred shares, if any, of the Target Fund being converted into newly issued common and preferred shares of the Acquiring Fund, respectively (the &#147;Mergers&#148;). The Acquiring Fund will continue to operate after the
Mergers as a registered, <FONT STYLE="white-space:nowrap">non-diversified,</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company with the investment objective, investment strategies, investment policies and
restrictions described in the Joint Proxy Statement/Prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The aggregate net asset value (&#147;NAV&#148;) (not the market value) of
the Acquiring Fund received by the common shareholders of each Target Fund will equal the aggregate NAV (not the market value) of the Target Fund common shares held by such common shareholders owned prior to the Closing Date (although Target Fund
common shareholders may receive cash for their fractional shares). The aggregate NAV of each Fund immediately prior to the applicable Merger will reflect accrued expenses associated with such Merger. The value of each Fund&#146;s net assets will be
calculated net of the liquidation preference (including accumulated and unpaid dividends) of all outstanding VRDP Shares, if applicable, of such Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On the Closing Date of the Mergers, each outstanding VRDP Share of each Target Fund will, without any action on the part of the holder
thereof, be converted into the right to receive one newly issued VRDP Share of the Acquiring Fund. To the extent that the Acquiring Fund issues additional VRDP Shares in the Mergers, the terms of the Acquiring Fund VRDP Shares to be issued in
connection with the Mergers will be identical or substantially identical to the terms of the Acquiring Fund&#146;s outstanding VRDP Shares and will rank on parity with the Acquiring Fund&#146;s outstanding VRDP Shares as to the payment of dividends
and the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund. The terms of the special rate period applicable to the newly issued Acquiring Fund VRDP Shares are expected to be identical to the terms
of the special rate period applicable to the outstanding Acquiring Fund VRDP Shares as of the Closing Date of the Merger. Such special rate period will terminate on June&nbsp;17, 2026, unless extended. The Mergers will not result in any changes to
the terms of the Acquiring Fund&#146;s VRDP Shares currently outstanding. The terms of the Acquiring Fund&#146;s VRDP Shares may change from time to time, subject to Board approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A copy of a form of the Agreement and Plan of Merger that will be entered into between each of BNY and MHN with the Acquiring Fund is attached
as Appendix A to the Joint Proxy Statement/Prospectus. Unless otherwise defined herein, capitalized terms have the meanings given to them in the Joint Proxy Statement/Prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Statement of Additional Information is not a prospectus and should be read in conjunction with the Joint Proxy Statement/Prospectus dated
[&#9679;], 2025 relating to the Mergers. A copy of the Joint Proxy Statement/Prospectus may be obtained, without charge, by writing to the Funds at 1 University Square Drive, Princeton, New Jersey 08540-6455, or by calling (800) <FONT
STYLE="white-space:nowrap">882-0052.</FONT> </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund will provide, without charge, upon the written or oral request of any
person to whom this Statement of Additional Information is delivered, a copy of any and all documents that have been incorporated by reference in the registration statement of which this Statement of Additional Information is a part. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="11%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="82%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right">Page</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_1">INVESTMENT POLICIES AND TECHNIQUES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">S-1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_2">ADDITIONAL RISK FACTORS AND SPECIAL CONSIDERATIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">S-1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_3">MANAGEMENT OF THE FUNDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">S-7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_4">The Board of Directors and Officers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">S-7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_5">Experience, Qualifications and Skills of the Board
Members</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-12</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_6">Board Leadership Structure and Oversight</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_7">Compensation of the Board Members</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_8">Share Ownership</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_9">Independent Board Member Ownership of Securities</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_10">Information Pertaining to the Officers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_11">Indemnification of Board Members and Officers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_12">INVESTMENT MANAGEMENT AGREEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_13">Investment Management Agreements</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_14">PORTFOLIO MANAGER INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_15">Other Accounts Managed by the Portfolio Managers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_16">Potential Material Conflicts of Interest</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_17">Portfolio Manager Compensation Overview</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_18">Base Compensation</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_19">Discretionary Incentive Compensation</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_20">Distribution of Discretionary Incentive Compensation</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_21">Other Compensation Benefits</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_22">PORTFOLIO TRANSACTIONS AND BROKERAGE ALLOCATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_23">CONFLICTS OF INTEREST</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_24">OTHER INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-43</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_25">Code of Ethics</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><A HREF="#sai61427_26">Proxy Voting Policy</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_27">FINANCIAL STATEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">S-43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_28">SUPPLEMENTAL FINANCIAL STATEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-44</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">APPENDIX A</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_29">RATINGS OF INVESTMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">A-1</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">APPENDIX B</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_30">PROXY VOTING POLICIES &#150; BLACKROCK <FONT STYLE="white-space:nowrap">CLOSED-END
</FONT> FUNDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">B-1</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">APPENDIX C</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="#sai61427_31">SPECIAL CONSIDERATIONS REGARDING INVESTMENTS IN NEW YORK MUNICIPAL SECURITIES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><FONT STYLE="white-space:nowrap">C-1</FONT></P></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_1"></A>INVESTMENT POLICIES AND TECHNIQUES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following information supplements the discussion of the Acquiring Fund&#146;s investment objective, policies and techniques that are
described in the Joint Proxy Statement/Prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Environmental, Social and Governance (&#147;ESG&#148;) Integration.</I> Although
the Acquiring Fund does not seek to implement a specific sustainability objective, strategy or process unless disclosed in the Joint Proxy Statement/Prospectus, Acquiring Fund management will consider ESG factors as part of the investment process
for the Acquiring Fund. Acquiring Fund management views ESG integration as the practice of incorporating financially material ESG data or information into investment processes with the objective of enhancing risk-adjusted returns. These ESG
considerations will vary depending on a fund&#146;s particular investment strategies and may include consideration of third-party research as well as consideration of proprietary research of the Investment Advisor (defined below) across the ESG
risks and opportunities regarding an issuer. The ESG characteristics utilized in the Acquiring Fund&#146;s investment process are anticipated to evolve over time and one or more characteristics may not be relevant with respect to all issuers that
are eligible for investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain of these considerations may affect the Acquiring Fund&#146;s exposure to certain companies or
industries. While Acquiring Fund management views ESG considerations as having the potential to contribute to the Acquiring Fund&#146;s long-term performance, there is no guarantee that such results will be achieved. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_2"></A>ADDITIONAL RISK FACTORS AND SPECIAL CONSIDERATIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following information supplements the discussion of the Acquiring Fund&#146;s risk factors that are described in the Joint Proxy
Statement/Prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Risk Factors in Strategic Transactions and Derivatives</I>. The Acquiring Fund&#146;s use of derivative
instruments involves risks different from, and possibly greater than, the risks associated with investing directly in securities and other traditional investments. There are significant risks that apply generally to derivatives transactions,
including: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Correlation Risk</I>&#151;the risk that changes in the value of a derivative will not match the changes in the value of the
portfolio holdings that are being hedged or of the particular market or security to which the Acquiring Fund seeks exposure. There are a number of factors which may prevent a derivative instrument from achieving the desired correlation (or inverse
correlation) with an underlying asset, rate or index, such as the impact of fees, expenses and transaction costs, the timing of pricing, and disruptions or illiquidity in the markets for such derivative instrument. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Counterparty Risk</I>&#151;the risk that the counterparty in a derivative transaction will be unable to honor its financial obligation to
the Acquiring Fund and the related risks of having concentrated exposure to such a counterparty. In particular, derivatives traded in OTC markets often are not guaranteed by an exchange or clearing corporation and often do not require payment of
margin, and to the extent that the Acquiring Fund has unrealized gains in such instruments or has deposited collateral with its counterparties the Acquiring Fund is at risk that its counterparties will become bankrupt or otherwise fail to honor
their obligations. The Acquiring Fund will typically attempt to minimize counterparty risk by engaging in OTC derivatives transactions only with creditworthy entities that have substantial capital or that have provided the Acquiring Fund with a
third-party guaranty or other credit support. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Credit Risk</I>&#151;the risk that the reference entity in a credit default swap or
similar derivative will not be able to honor its financial obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Currency Risk</I>&#151;the risk that changes in the exchange
rate between two currencies will adversely affect the value (in U.S. dollar terms) of a derivative. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Illiquidity Risk</I>&#151;the risk
that certain securities or instruments may be difficult or impossible to sell at the time or at the price desired by the counterparty in connection with payments of margin, collateral, or settlement payments. There can be no assurance that the
Acquiring Fund will be able to unwind or offset a derivative at its desired price, in a secondary market or otherwise. It may, therefore, not be possible for the Acquiring Fund to unwind its position in a derivative without incurring substantial
losses (if at all). The absence of liquidity may also make it more difficult for </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
the Acquiring Fund to ascertain a market value for such instruments. Although both OTC and exchange-traded derivatives markets may experience a lack of liquidity, certain derivatives traded in
OTC markets, including swaps and OTC options, involve substantial illiquidity risk. The Acquiring Fund will, therefore, acquire illiquid OTC derivatives (i)&nbsp;if the agreement pursuant to which the instrument is purchased contains a formula price
at which the instrument may be terminated or sold, or (ii)&nbsp;for which the Advisor anticipates the Acquiring Fund can receive on each business day at least two independent bids or offers, unless a quotation from only one dealer is available, in
which case that dealer&#146;s quotation may be used. The illiquidity of the derivatives markets may be due to various factors, including congestion, disorderly markets, limitations on deliverable supplies, the participation of speculators,
government regulation and intervention, and technical and operational or system failures. In addition, the liquidity of a secondary market in an exchange-traded derivative contract may be adversely affected by &#147;daily price fluctuation
limits&#148; established by the exchanges which limit the amount of fluctuation in an exchange-traded contract price during a single trading day. Once the daily limit has been reached in the contract, no trades may be entered into at a price beyond
the limit, thus preventing the liquidation of open positions. Prices have in the past moved beyond the daily limit on a number of consecutive trading days. If it is not possible to close an open derivative position entered into by the Acquiring
Fund, the Acquiring Fund would continue to be required to make daily cash payments of variation margin in the event of adverse price movements. In such a situation, if the Acquiring Fund has insufficient cash, it may have to sell portfolio
securities to meet daily variation margin requirements at a time when it may be disadvantageous to do so. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Index Risk</I>&#151;if the
derivative is linked to the performance of an index, it will be subject to the risks associated with changes in that index. If the index changes, the Acquiring Fund could receive lower interest payments or experience a reduction in the value of the
derivative to below the price that the Acquiring Fund paid for such derivative. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Legal Risk</I>&#151;the risk of insufficient
documentation, insufficient capacity or authority of counterparty, or legality or enforceability of a contract. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Leverage
Risk</I>&#151;the risk that the Acquiring Fund&#146;s derivatives transactions can magnify the Acquiring Fund&#146;s gains and losses. Relatively small market movements may result in large changes in the value of a derivatives position and can
result in losses that greatly exceed the amount originally invested. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Market Risk</I>&#151;the risk that changes in the value of one or
more markets or changes with respect to the value of the underlying asset will adversely affect the value of a derivative. In the event of an adverse movement, the Acquiring Fund may be required to pay substantial additional margin to maintain its
position or the Acquiring Fund&#146;s returns may be adversely affected. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Operational Risk</I>&#151;the risk related to potential
operational issues, including documentation issues, settlement issues, systems failures, inadequate controls and human error. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Valuation Risk</I>&#151;the risk that valuation sources for a derivative will not be readily available in the market. This is possible
especially in times of market distress, since many market participants may be reluctant to purchase complex instruments or quote prices for them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Volatility Risk</I>&#151;the risk that the value of derivatives will fluctuate significantly within a short time period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When a derivative is used as a hedge against a position that the Acquiring Fund holds, any loss generated by the derivative generally should
be substantially offset by gains on the hedged investment, and vice versa. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. Hedges are sometimes subject to imperfect matching between the derivative and the
underlying security, and there can be no assurance that the Acquiring Fund&#146;s hedging transactions will be effective. The Acquiring Fund could also suffer losses related to its derivative positions as a result of unanticipated market movements,
which losses are potentially unlimited. BlackRock Advisors, LLC (the &#147;Investment Advisor&#148;) may not be able to predict correctly the direction of securities prices, interest rates and other economic factors, which could cause the Acquiring
Fund&#146;s derivatives positions to lose value. In addition, some derivatives are more sensitive to interest rate changes and market price fluctuations than other securities. The possible lack of a liquid secondary market for derivatives and the
resulting inability of the Acquiring Fund to sell or otherwise close a derivatives position could expose the Acquiring Fund to losses and could make derivatives more difficult for the Acquiring Fund to value accurately. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When engaging in a hedging transaction, the Acquiring Fund may determine not to seek to
establish a perfect correlation between the hedging instruments utilized and the portfolio holdings being hedged. Such an imperfect correlation may prevent the Acquiring Fund from achieving the intended hedge or expose the Acquiring Fund to a risk
of loss. The Acquiring Fund may also determine not to hedge against a particular risk because it does not regard the probability of the risk occurring to be sufficiently high as to justify the cost of the hedge or because it does do not foresee the
occurrence of the risk. It may not be possible for the Acquiring Fund to hedge against a change or event at attractive prices or at a price sufficient to protect the assets of the Acquiring Fund from the decline in value of the portfolio positions
anticipated as a result of such change. In addition, it may not be possible to hedge at all against certain risks. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the Acquiring Fund
invests in a derivative instrument, it could lose more than the principal amount invested. Moreover, derivatives raise certain tax, legal, regulatory and accounting issues that may not be presented by investments in securities, and there is some
risk that certain issues could be resolved in a manner that could adversely impact the performance of the Acquiring Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring
Fund is not required to use derivatives or other portfolio strategies to seek to increase return or to seek to hedge its portfolio and may choose not to do so. Also, suitable derivative transactions may not be available in all circumstances and
there can be no assurance that the Acquiring Fund will engage in these transactions to reduce exposure to other risks when that would be beneficial. Although the Investment Advisor seeks to use derivatives to further the Acquiring Fund&#146;s
investment objective, there is no assurance that the use of derivatives will achieve this result. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Options Risk</I>. There are several
risks associated with transactions in options on securities and indexes. For example, there are significant differences between the securities and options markets that could result in an imperfect correlation between these markets, causing a given
transaction not to achieve its objective. In addition, a liquid secondary market for particular options, whether traded OTC or on a recognized securities exchange (e.g., NYSE), separate trading boards of a securities exchange or through a market
system that provides contemporaneous transaction pricing information (an &#147;Exchange&#148;) may be absent for reasons which include the following: there may be insufficient trading interest in certain options; restrictions may be imposed by an
Exchange on opening transactions or closing transactions or both; trading halts, suspensions or other restrictions may be imposed with respect to particular classes or series of options or underlying securities; unusual or unforeseen circumstances
may interrupt normal operations on an Exchange; the facilities of an Exchange or the OCC may not at all times be adequate to handle current trading volume; or one or more Exchanges could, for economic or other reasons, decide or be compelled at some
future date to discontinue the trading of options (or a particular class or series of options), in which event the secondary market on that Exchange (or in that class or series of options) would cease to exist, although outstanding options that had
been issued by the OCC as a result of trades on that Exchange would continue to be exercisable in accordance with their terms. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Futures
Transactions and Options Risk</I>. The primary risks associated with the use of futures contracts and options are (a)&nbsp;the imperfect correlation between the change in market value of the instruments held by the Acquiring Fund and the price of
the futures contract or option; (b)&nbsp;possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired; (c)&nbsp;losses caused by unanticipated market movements, which are
potentially unlimited; (d)&nbsp;the Investment Advisor&#146;s inability to predict correctly the direction of securities prices, interest rates, currency exchange rates and other economic factors; and (e)&nbsp;the possibility that the counterparty
will default in the performance of its obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Investment in futures contracts involves the risk of imperfect correlation between
movements in the price of the futures contract and the price of the security being hedged. The hedge will not be fully effective when there is imperfect correlation between the movements in the prices of two financial instruments. For example, if
the price of the futures contract moves more or less than the price of the hedged security, the Acquiring Fund will experience either a loss or gain on the futures contract which is not completely offset by movements in the price of the hedged
securities. To compensate for imperfect correlations, the Acquiring Fund may purchase or sell futures contracts in a greater dollar amount than the hedged securities if the volatility of the hedged securities is historically greater than the
volatility of the futures contracts. Conversely, the Acquiring Fund may purchase or sell fewer futures contracts if the volatility of the price of the hedged securities is historically lower than that of the futures contracts. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-3 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The particular securities comprising the index underlying a securities index financial
futures contract may vary from the securities held by the Acquiring Fund. As a result, the Acquiring Fund&#146;s ability to hedge effectively all or a portion of the value of its securities through the use of such financial futures contracts will
depend in part on the degree to which price movements in the index underlying the financial futures contract correlate with the price movements of the securities held by the Acquiring Fund. The correlation may be affected by disparities in the
average maturity, ratings, geographical mix or structure of the Acquiring Fund&#146;s investments as compared to those comprising the securities index and general economic or political factors. In addition, the correlation between movements in the
value of the securities index may be subject to change over time as additions to and deletions from the securities index alter its structure. The correlation between futures contracts on U.S. Government securities and the securities held by the
Acquiring Fund may be adversely affected by similar factors and the risk of imperfect correlation between movements in the prices of such futures contracts and the prices of securities held by the Acquiring Fund may be greater. The trading of
futures contracts also is subject to certain market risks, such as inadequate trading activity, which could at times make it difficult or impossible to liquidate existing positions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Acquiring Fund may liquidate futures contracts it enters into through offsetting transactions on the applicable contract market. There can
be no assurance, however, that a liquid secondary market will exist for any particular futures contract at any specific time. Thus, it may not be possible to close out a futures position. In the event of adverse price movements, the Acquiring Fund
would continue to be required to make daily cash payments of variation margin. In such situations, if the Acquiring Fund has insufficient cash, it may be required to sell portfolio securities to meet daily variation margin requirements at a time
when it may be disadvantageous to do so. The inability to close out futures positions also could have an adverse impact on the Acquiring Fund&#146;s ability to hedge effectively its investments in securities. The liquidity of a secondary market in a
futures contract may be adversely affected by &#147;daily price fluctuation limits&#148; established by commodity exchanges which limit the amount of fluctuation in a futures contract price during a single trading day. Once the daily limit has been
reached in the contract, no trades may be entered into at a price beyond the limit, thus preventing the liquidation of open futures positions. Prices have in the past moved beyond the daily limit on a number of consecutive trading days. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The successful use of transactions in futures and related options also depends on the ability of the Investment Advisor to forecast correctly
the direction and extent of interest rate movements within a given time frame. To the extent interest rates remain stable during the period in which a futures contract or option is held by the Acquiring Fund or such rates move in a direction
opposite to that anticipated, the Acquiring Fund may realize a loss on the Strategic Transaction which is not fully or partially offset by an increase in the value of portfolio securities. As a result, the Acquiring Fund&#146;s total return for such
period may be less than if it had not engaged in the Strategic Transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Because of low initial margin deposits made upon the opening
of a futures position, futures transactions involve substantial leverage. As a result, relatively small movements in the price of the futures contracts can result in substantial unrealized gains or losses. There is also the risk of loss by the
Acquiring Fund of margin deposits in the event of bankruptcy of a broker with which the Acquiring Fund has an open position in a financial futures contract. Because the Acquiring Fund will engage in the purchase and sale of futures contracts for
hedging purposes or to seek to enhance the Acquiring Fund&#146;s return, any losses incurred in connection therewith may, if the strategy is successful, be offset in whole or in part by increases in the value of securities held by the Acquiring Fund
or decreases in the price of securities the Acquiring Fund intends to acquire. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The amount of risk the Acquiring Fund assumes when it
purchases an option on a futures contract is the premium paid for the option plus related transaction costs. In addition to the correlation risks discussed above, the purchase of an option on a futures contract also entails the risk that changes in
the value of the underlying futures contract will not be fully reflected in the value of the option purchased. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Over-the-Counter</FONT></FONT> Trading Risk</I>. The derivative instruments that may be purchased or sold by the Acquiring Fund may include instruments not traded on an exchange. The risk
of nonperformance by the counterparty to an instrument may be greater than, and the ease with which the Acquiring Fund can dispose of or enter into closing transactions with respect to an instrument may be less than, the risk associated with an
exchange traded instrument. In addition, significant disparities may exist between &#147;bid&#148; and &#147;asked&#148; prices for derivative instruments that are not traded on an exchange. The absence of liquidity may make it difficult or
impossible for the Acquiring Fund to sell such instruments promptly at an acceptable price. Derivative instruments not traded on exchanges also are not subject to the same type of government regulation as exchange traded instruments, and many of the
protections afforded to participants in a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-4 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
regulated environment may not be available in connection with the transactions. Because derivatives traded in OTC markets generally are not guaranteed by an exchange or clearing corporation and
generally do not require payment of margin, to the extent that the Acquiring Fund has unrealized gains in such instruments or has deposited collateral with its counterparties the Acquiring Fund is at risk that its counterparties will become bankrupt
or otherwise fail to honor its obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> Under the Investment Company Act</I>.
Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> under the Investment Company Act of 1940, as amended, (the &#147;1940 Act&#148;) permits the Acquiring Fund to enter into Derivatives Transactions (as defined below) and certain other transactions
notwithstanding the restrictions on the issuance of &#147;senior securities&#148; under Section&nbsp;18 of the 1940 Act. Section&nbsp;18 of the 1940 Act, among other things, prohibits <FONT STYLE="white-space:nowrap">closed-end</FONT> funds,
including the Acquiring Fund, from issuing or selling any &#147;senior security&#148; representing indebtedness (unless the fund maintains 300% &#147;asset coverage&#148;) or any senior security representing stock (unless the fund maintains 200%
&#147;asset coverage&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under Rule <FONT STYLE="white-space:nowrap">18f-4,</FONT> &#147;Derivatives Transactions&#148; include the
following: (1)&nbsp;any swap, security-based swap (including a contract for differences), futures contract, forward contract, option (excluding purchased options), any combination of the foregoing, or any similar instrument, under which the
Acquiring Fund is or may be required to make any payment or delivery of cash or other assets during the life of the instrument or at maturity or early termination, whether as margin or settlement payment or otherwise; (2)&nbsp;any short sale
borrowing; (3)&nbsp;reverse repurchase agreements and similar financing transactions (e.g., recourse and <FONT STYLE="white-space:nowrap">non-recourse</FONT> tender option bonds, and borrowed bonds), if the Acquiring Fund elects to treat these
transactions as Derivatives Transactions under Rule <FONT STYLE="white-space:nowrap">18f-4;</FONT> and (4)&nbsp;when-issued or forward-settling securities (e.g., firm and standby commitments, including <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">to-be-announced</FONT></FONT> (&#147;TBA&#148;) commitments, and dollar rolls) and <FONT STYLE="white-space:nowrap">non-standard</FONT> settlement cycle securities, unless such transactions meet the Delayed-Settlement
Securities Provision (as defined above under &#147;Investment Policies and Techniques&#151;When-Issued and Forward Commitment Securities&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Unless the Acquiring Fund is relying on the Limited Derivatives User Exception (as defined below), the Acquiring Fund must comply with Rule <FONT
STYLE="white-space:nowrap">18f-4</FONT> with respect to its Derivatives Transactions. Rule <FONT STYLE="white-space:nowrap">18f-4,</FONT> among other things, requires the Acquiring Fund to adopt and implement a comprehensive written derivatives risk
management program (&#147;DRMP&#148;) and comply with a relative or absolute limit on fund leverage risk calculated based on <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">value-at-risk</FONT></FONT> (&#147;VaR&#148;). The DRMP is
administered by a &#147;derivatives risk manager,&#148; who is appointed by the Acquiring Fund&#146;s Board (as defined below), including a majority of the Independent Board Members (as defined below), and periodically reviews the DRMP and reports
to the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Rule <FONT STYLE="white-space:nowrap">18f-4</FONT> provides an exception from the DRMP, VaR limit and certain other
requirements if the Acquiring Fund&#146;s &#147;derivatives exposure&#148; is limited to 10% of its net assets (as calculated in accordance with Rule <FONT STYLE="white-space:nowrap">18f-4)</FONT> and the Acquiring Fund adopts and implements written
policies and procedures reasonably designed to manage its derivatives risks (the &#147;Limited Derivatives User Exception&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Dodd-Frank Act Risk</I>. The Dodd-Frank Wall Street Reform and Consumer Protection Act (&#147;Dodd-Frank&#148;), enacted in July 2010,
includes provisions that comprehensively regulate the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> (&#147;OTC&#148;) derivatives markets for the first time. While the Commodity Futures Trading
Commission (&#147;CFTC&#148;) and other U.S. regulators have adopted many of the required Dodd-Frank regulations, certain regulations have only recently become effective and other regulations remain to be adopted. The full impact of Dodd-Frank on
the Acquiring Fund remains uncertain. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">OTC derivatives dealers are now required to register with the CFTC as &#147;swap dealers&#148; and
will ultimately be required to register with the Securities and Exchange Commission (&#147;SEC&#148;) as &#147;security-based swap dealers&#148;. Registered swap dealers are subject to various regulatory requirements, including, but not limited to,
margin, recordkeeping, reporting, transparency, position limits, limitations on conflicts of interest, business conduct standards, minimum capital requirements and other regulatory requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The CFTC requires that certain interest rate swaps and certain credit default swaps must be executed in regulated markets and be submitted for
clearing to regulated clearinghouses. The SEC is also expected to impose similar requirements on certain security-based derivatives in the future. OTC derivatives trades submitted for clearing are subject to minimum initial and variation margin
requirements set by the relevant clearinghouse, as well as margin requirements mandated by the CFTC, SEC and/or federal prudential regulators. In addition, futures commission merchants (&#147;FCMs&#148;), who act as clearing members on behalf of
customers for cleared OTC derivatives and futures </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-5 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
contracts, also have discretion to increase the Acquiring Fund&#146;s margin requirements for these transactions beyond any regulatory and clearinghouse minimums subject to any restrictions on
such discretion in the documentation between the FCM and the customer. These regulatory requirements may make it more difficult and costly for the Acquiring Fund to enter into highly tailored or customized transactions, potentially rendering certain
investment strategies impossible or not economically feasible. If the Acquiring Fund decides to execute and clear cleared OTC derivatives and/or futures contracts through execution facilities, exchanges or clearinghouses, either indirectly through
an executing broker, clearing member FCM or as a direct member, the Acquiring Fund would be required to comply with the rules of the execution facility, exchange or clearinghouse and other applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to cleared OTC derivatives and futures contracts and options on futures, the Acquiring Fund will not face a clearinghouse
directly but rather will do so through a FCM that is registered with the CFTC and/or SEC and that acts as a clearing member. The Acquiring Fund may face the indirect risk of the failure of another clearing member customer to meet its obligations to
its clearing member. Such scenario could arise due to a default by the clearing member on its obligations to the clearinghouse simultaneously with a customer&#146;s failure to meet its obligations to the clearing member. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Clearing member FCMs are required to post initial margin to the clearinghouses through which they clear their customers&#146; cleared OTC
derivatives and futures contracts, instead of using such initial margin in their businesses, as was widely permitted before Dodd-Frank. While an FCM may require its customer to post initial margin in excess of clearinghouse requirements, and certain
clearinghouses may share a portion of their earnings on initial margin with their clearing members, some portion of the initial margin that is passed through to the clearinghouse does not generate earnings for the FCM. The inability of FCMs to earn
the same levels of returns on initial margin for cleared OTC derivatives as they could earn with respect to <FONT STYLE="white-space:nowrap">non-cleared</FONT> OTC derivatives may cause FCMs to charge higher fees, or provide less favorable pricing
on cleared OTC derivatives than swap dealers will provide for <FONT STYLE="white-space:nowrap">non-cleared</FONT> OTC derivatives. Furthermore, customers, including the Acquiring Fund, are subject to additional fees payable to FCMs with respect to
cleared OTC derivatives, which may raise the cost to the Acquiring Fund of clearing as compared to trading <FONT STYLE="white-space:nowrap">non-cleared</FONT> OTC derivatives bilaterally. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to uncleared swaps, swap dealers are required to collect variation margin from the Acquiring Fund and may be required by
applicable regulations to collect initial margin from the Acquiring Fund. Both initial and variation margin may be comprised of cash and/or securities, subject to applicable regulatory haircuts. Shares of investment companies (other than certain
money market funds) may not be posted as collateral under applicable regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The CFTC and the U.S. commodities exchanges impose
limits on the maximum net long or net short speculative positions that any person may hold or control in any particular futures or options contracts traded on U.S. commodities exchanges. For example, the CFTC has historically imposed speculative
position limits on a number of agricultural commodities (e.g., corn, oats, wheat, soybeans and cotton) and United States commodities exchanges currently impose speculative position limits on many other commodities. The Acquiring Fund could be
required to liquidate positions it holds in order to comply with position limits or may not be able to fully implement trading instructions generated by its trading models, in order to comply with position limits. Any such liquidation or limited
implementation could result in substantial costs to the Acquiring Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Dodd-Frank significantly expanded the CFTC&#146;s authority to
impose position limits with respect to agricultural commodities and other physical commodity futures contracts, options on these futures contracts and economically equivalent swaps. In October 2020, the CFTC adopted a new set of speculative position
limit rules with respect to agricultural commodities and other physical commodity futures contracts, options on these futures contracts (&#147;core referenced futures contracts&#148;) and economically equivalent swaps. An economically equivalent
swap is a swap with identical material contractual specifications, terms and conditions to a core referenced futures contract, disregarding differences with respect to any of the following: (1)&nbsp;lot size specifications or notional amounts,
(2)&nbsp;post-trade risk management arrangements and (3)&nbsp;delivery dates for physically-settled swaps as long as these delivery dates diverge by less than one calendar day from the referenced contract&#146;s delivery date (or, for natural gas,
two calendar days). A cash-settled swap could only be deemed to be economically equivalent to a cash-settled referenced contract, and a physically-settled swap could only be deemed to be economically equivalent to a physically-settled referenced
contract. However, a cash-settled swap that initially did not qualify as economically equivalent due to the fact that there was no corresponding cash-settled core referenced futures contract could subsequently become an economically equivalent swap
if a cash-settled futures contract market were to subsequently be developed. The CFTC&#146;s new position </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-6 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
limits rules include an exemption from limits for bona fide hedging transactions or positions. A bona fide hedging transaction or position may exceed the applicable federal position limits if the
transaction or position: (1)&nbsp;represents a substitute for transactions or positions made or to be made at a later time in a physical marketing channel; (2)&nbsp;is economically appropriate to the reduction of price risks in the conduct and
management of a commercial enterprise; and (3)&nbsp;arises from the potential change in value of (A)&nbsp;assets which a person owns, produces, manufactures, processes or merchandises, or anticipates owning, producing, manufacturing, processing or
merchandising; (B)&nbsp;liabilities which a person owes or anticipates incurring; or (C)&nbsp;services that a person provides or purchases, or anticipates providing or purchasing. The CFTC&#146;s new position rules set forth a list of enumerated
bona fide hedges for which a market participant is not required to request prior approval from the CFTC in order to hold a bona fide hedge position above the federal position limit. However, a market participant holding an enumerated bona fide hedge
position still would need to request an exemption from the relevant exchange for <FONT STYLE="white-space:nowrap">exchange-set</FONT> limits. For <FONT STYLE="white-space:nowrap">non-enumerated</FONT> bona fide hedge positions, a market participant
may request CFTC approval which must be granted prior to exceeding the applicable federal position limit, except where there is a demonstrated sudden or unforeseen increase in bona fide hedging needs (in which case the application must be submitted
within five business days after the market participant exceeds the applicable limit). The compliance dates for the CFTC&#146;s new federal speculative position limits are January&nbsp;1, 2022 for the core referenced futures contracts and
January&nbsp;1, 2023 for economically equivalent swaps. While the ultimate effect of the final position limit rules is not yet known, these limits will likely restrict the ability of many market participants to trade in the commodities markets to
the same extent as they have in the past. These rules may, among other things, reduce liquidity, increase market volatility, limit the size and duration of positions available to market participants, and increase costs in these markets, which could
adversely affect the Acquiring Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">These new regulations and the resulting increased costs and regulatory oversight requirements may
result in market participants being required or deciding to limit their trading activities, which could lead to decreased market liquidity and increased market volatility. In addition, transaction costs incurred by market participants are likely to
be higher due to the increased costs of compliance with the new regulations. These consequences could adversely affect the Acquiring Fund&#146;s returns. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_3"></A>MANAGEMENT OF THE FUNDS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_4"></A>The Board of Trustees/Directors and Officers </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of Trustees or the Board of Directors, as applicable (each, a &#147;Board&#148;) of each Fund, currently consists of ten individuals
(each, a &#147;Board Member&#148;), eight of whom are not &#147;interested persons&#148; of each Fund as defined in the 1940 Act (the &#147;Independent Board Members&#148;). The registered investment companies advised by the Investment Advisor or
its affiliates (the &#147;BlackRock-advised Funds&#148;) are organized into the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex, and the iShares Complex (each, a &#147;BlackRock Fund Complex&#148;). Each Fund is included in the
BlackRock Fund Complex referred to as the BlackRock Fixed-Income Complex. The Board Members also oversee as board members the operations of the other <FONT STYLE="white-space:nowrap">open-end</FONT> and
<FONT STYLE="white-space:nowrap">closed-end</FONT> registered investment companies included in the BlackRock Fixed-Income Complex. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain biographical and other information relating to the Board Members and officers of each Fund is set forth below, including their year of
birth, their principal occupation for at least the last five years, the length of time served, the total number of investment companies overseen in the BlackRock Fund Complexes and any public directorships or trusteeships. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Please refer to the below table which identifies the Board Members and sets forth certain biographical information about the Board Members for
each Fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-7 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="15%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center"><B>Name&nbsp;and<BR>Year&nbsp;of&nbsp;Birth<SUP STYLE="font-size:75%; vertical-align:top">1</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Position(s)<BR>Held<BR>(Length of<BR>Service)<SUP STYLE="font-size:75%; vertical-align:top">3</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Principal</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Occupation(s)<BR>During Past Five</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Years</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Number of<BR>BlackRock-Advised<BR>Registered&nbsp;Investment<BR>Companies (&#147;RICs&#148;)<BR>Consisting&nbsp;of&nbsp;Investment<BR>Portfolios&nbsp;(&#147;Portfolios&#148;)<BR>Overseen</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Public<BR>Company&nbsp;and<BR>Other<BR>Investment<BR>Company<BR>Directorships<BR>Held&nbsp;During<BR>Past&nbsp;Five&nbsp;Years</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" COLSPAN="9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify"><I>Independent Board
Members<SUP STYLE="font-size:75%; vertical-align:top">2</SUP></I></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman"><B>R. Glenn Hubbard</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1958</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Chair of the Board (Since 2022) and Board Member</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2007)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Dean, Columbia Business School from 2004 to 2019; Faculty member, Columbia Business School since 1988.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">ADP (data and information services) from 2004 to 2020; Metropolitan Life Insurance Company (insurance); TotalEnergies SE (multi-energy)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify"><B>W. Carl Kester</B><SUP STYLE="font-size:75%; vertical-align:top">4</SUP></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1951</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Vice Chair of the Board (Since 2022) and Board Member</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2007)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Baker Foundation Professor and George Fisher Baker Jr. Professor of Business Administration, Emeritus, Harvard Business School since 2022; George Fisher Baker Jr. Professor of Business Administration, Harvard Business School from
2008 to 2022; Deputy Dean for Academic Affairs from 2006 to 2010; Chairman of the Finance Unit, from 2005 to 2006; Senior Associate Dean and Chairman of the MBA Program from 1999 to 2005; Member of the faculty of Harvard Business School since
1981.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">None</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-8 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="15%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center"><B>Name&nbsp;and<BR>Year&nbsp;of&nbsp;Birth<SUP STYLE="font-size:75%; vertical-align:top">1</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Position(s)<BR>Held<BR>(Length of<BR>Service)<SUP STYLE="font-size:75%; vertical-align:top">3</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Principal</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Occupation(s)<BR>During Past Five</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Years</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Number of<BR>BlackRock-Advised<BR>Registered&nbsp;Investment<BR>Companies (&#147;RICs&#148;)<BR>Consisting&nbsp;of&nbsp;Investment<BR>Portfolios&nbsp;(&#147;Portfolios&#148;)<BR>Overseen</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Public<BR>Company&nbsp;and<BR>Other<BR>Investment<BR>Company<BR>Directorships<BR>Held&nbsp;During<BR>Past&nbsp;Five&nbsp;Years</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify"><B>Cynthia L. Egan<SUP STYLE="font-size:75%; vertical-align:top">4</SUP></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1955</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Board Member</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2016)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Advisor, U.S. Department of the Treasury from 2014 to 2015; President, Retirement Plan Services, for T. Rowe Price Group, Inc. from 2007 to 2012; executive positions within Fidelity Investments from 1989 to 2007.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Unum (insurance); The Hanover Insurance Group (Board Chair); Huntsman Corporation (Lead Independent Director and <FONT STYLE="white-space:nowrap">non-Executive</FONT> Vice Chair of the Board) (chemical products)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify"><B>Lorenzo A. Flores</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1964</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Board Member</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2021)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chief Financial Officer, Lattice Semiconductor Corporation (LSCC) since 2025; Chief Financial Officer, Intel Foundry from 2024 to 2025; Vice Chairman, Kioxia, Inc. from 2019 to 2024; Chief Financial Officer, Xilinx, Inc. from 2016
to 2019; Corporate Controller, Xilinx, Inc. from 2008 to 2016.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">None</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify"><B>Stayce D. Harris</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1959</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Board Member</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2021)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Lieutenant General, Inspector General of the United States Air Force from 2017 to 2019; Lieutenant General, Assistant Vice Chief of Staff and Director, Air Staff, United States Air Force from 2016 to 2017; Major General, Commander,
22nd Air Force, AFRC, Dobbins Air Reserve Base, Georgia from 2014 to 2016; Pilot,</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">KULR Technology Group, Inc. in 2021; The Boeing Company (airplane manufacturer)</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-9 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="15%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center"><B>Name&nbsp;and<BR>Year&nbsp;of&nbsp;Birth<SUP STYLE="font-size:75%; vertical-align:top">1</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Position(s)<BR>Held<BR>(Length of<BR>Service)<SUP STYLE="font-size:75%; vertical-align:top">3</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Principal</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Occupation(s)<BR>During Past Five</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Years</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Number of<BR>BlackRock-Advised<BR>Registered&nbsp;Investment<BR>Companies (&#147;RICs&#148;)<BR>Consisting&nbsp;of&nbsp;Investment<BR>Portfolios&nbsp;(&#147;Portfolios&#148;)<BR>Overseen</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Public<BR>Company&nbsp;and<BR>Other<BR>Investment<BR>Company<BR>Directorships<BR>Held&nbsp;During<BR>Past&nbsp;Five&nbsp;Years</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">United Airlines from 1990 to 2020.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman"><B>J. Phillip Holloman</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman">1955</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Board Member</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2021)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Interim Executive Chairman, President and Chief Executive Officer of Vestis Corporation since 2025; President and Chief Operating Officer, Cintas Corporation from 2008 to 2018.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Vestis Corporation (uniforms and facilities services)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman"><B>Catherine A. Lynch<SUP STYLE="font-size:75%; vertical-align:top">4</SUP></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman">1961</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Board Member</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2016)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from
1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">PennyMac Mortgage Investment Trust</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman"><B>Arthur P. Steinmetz<SUP STYLE="font-size:75%; vertical-align:top">4</SUP></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman">1958</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Board Member</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2023)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Trustee of Denison University since 2020; Consultant, Posit PBC (enterprise data science) since 2020; Director, ScotiaBank (U.S.) from 2020 to 2023; Chairman, Chief Executive Officer and President of OppenheimerFunds, Inc. from
2015, 2014 and 2013, respectively to 2019); Trustee, President and</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Trustee of 104 OppenheimerFunds funds from 2014 to 2019</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-10 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="15%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center"><B>Name&nbsp;and<BR>Year&nbsp;of&nbsp;Birth<SUP STYLE="font-size:75%; vertical-align:top">1</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Position(s)<BR>Held<BR>(Length of<BR>Service)<SUP STYLE="font-size:75%; vertical-align:top">3</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Principal</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Occupation(s)<BR>During Past Five</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Years</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Number of<BR>BlackRock-Advised<BR>Registered&nbsp;Investment<BR>Companies (&#147;RICs&#148;)<BR>Consisting&nbsp;of&nbsp;Investment<BR>Portfolios&nbsp;(&#147;Portfolios&#148;)<BR>Overseen</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Public<BR>Company&nbsp;and<BR>Other<BR>Investment<BR>Company<BR>Directorships<BR>Held&nbsp;During<BR>Past&nbsp;Five&nbsp;Years</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Principal Executive Officer of 104 OppenheimerFunds funds from 2014 to 2019. Portfolio manager of various OppenheimerFunds fixed income mutual funds from 1986 to 2014.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman"><B></B><I>Interested Board Members</I><B><SUP STYLE="font-size:75%; vertical-align:top">5</SUP></B></P></TD>

<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman"><B>Robert Fairbairn</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman">1965</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Board Member</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2018)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Vice Chairman of BlackRock, Inc. since 2019; Member of BlackRock&#146;s Global Executive and Global Operating Committees; Co-Chair of BlackRock&#146;s Human Capital Committee; Senior Managing Director of BlackRock, Inc. from 2010 to
2019; oversaw BlackRock&#146;s Strategic Partner Program and Strategic Product Management Group from 2012 to 2019; Member of the Board of Managers of BlackRock Investments, LLC from 2011 to 2018; Global Head of BlackRock&#146;s Retail and iShares<SUP
STYLE="font-size:75%; vertical-align:top">&reg;</SUP> businesses from 2012 to 2016.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">None</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman"><B>John M. Perlowski<SUP STYLE="font-size:75%; vertical-align:top">4</SUP></B></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:9pt; font-family:Times New Roman">1964</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Board Member</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">(Since 2015)</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">President and Chief Executive Officer (Since&nbsp;2011)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Managing Director of BlackRock, Inc. since 2009; Head of BlackRock Global Accounting and Product Services since 2009;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#9679;] RICs consisting of [&#9679;] Portfolios</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">None</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-11 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="15%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center"><B>Name&nbsp;and<BR>Year&nbsp;of&nbsp;Birth<SUP STYLE="font-size:75%; vertical-align:top">1</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Position(s)<BR>Held<BR>(Length of<BR>Service)<SUP STYLE="font-size:75%; vertical-align:top">3</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Principal</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Occupation(s)<BR>During Past Five</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Years</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Number of<BR>BlackRock-Advised<BR>Registered&nbsp;Investment<BR>Companies (&#147;RICs&#148;)<BR>Consisting&nbsp;of&nbsp;Investment<BR>Portfolios&nbsp;(&#147;Portfolios&#148;)<BR>Overseen</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Public<BR>Company&nbsp;and<BR>Other<BR>Investment<BR>Company<BR>Directorships<BR>Held&nbsp;During<BR>Past&nbsp;Five&nbsp;Years</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Advisory Director of Family Resource Network (charitable foundation) since 2009.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:16%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">The address of each Board Member is c/o BlackRock, Inc., 50 Hudson Yards, New York, New York 10001.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Each Independent Board Member holds office until his or her successor is duly elected and qualifies or until
his or her earlier death, resignation, retirement or removal as provided by the applicable Fund&#146;s <FONT STYLE="white-space:nowrap">by-laws</FONT> or charter, or statute, or until December&nbsp;31 of the year in which he or she turns 75. Board
Members who are &#147;interested persons,&#148; as defined in the 1940 Act (each, an &#147;Interested Board Member&#148;), serve until their successor is duly elected and qualifies or until their earlier death, resignation, retirement or removal as
provided by the applicable Fund&#146;s <FONT STYLE="white-space:nowrap">by-laws</FONT> or statute, or until December&nbsp;31 of the year in which they turn 72. The Board may determine to extend the terms of Independent Board Members on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis, as appropriate. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Date shown is the earliest date a person has served for the Funds covered by the Joint Proxy
Statement/Prospectus. Following the combination of Merrill Lynch Investment Managers, L.P. (&#147;MLIM&#148;) and BlackRock, Inc. in September 2006, the various legacy MLIM and legacy BlackRock fund boards were realigned and consolidated into three
new fund boards in 2007. Certain Independent Board Members first became members of the boards of other legacy MLIM or legacy BlackRock funds as follows: R. Glenn Hubbard, 2004 and W. Carl Kester, 1995. Certain other Independent Board Members became
members of the boards of the <FONT STYLE="white-space:nowrap">closed-end</FONT> funds in the BlackRock Fixed-Income Complex as follows: Cynthia L. Egan, 2016 and Catherine A. Lynch, 2016. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Ms.&nbsp;Egan, Dr.&nbsp;Kester, Ms.&nbsp;Lynch, Mr.&nbsp;Steinmetz and Mr.&nbsp;Perlowski are also trustees
of the BlackRock Credit Strategies Fund and BlackRock Private Investments Fund. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Mr.&nbsp;Fairbairn and Mr.&nbsp;Perlowski are both &#147;interested persons,&#148; as defined in the 1940
Act, of the Funds based on their positions with BlackRock, Inc. and its affiliates. Mr.&nbsp;Fairbairn and Mr.&nbsp;Perlowski are also board members of the BlackRock Multi-Asset Complex. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_5"></A>Experience, Qualifications and Skills of the Board Members </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Independent Board Members have adopted a statement of policy that describes the experiences, qualifications, skills and attributes that
are necessary and desirable for potential Independent Board Member candidates (the &#147;Statement of Policy&#148;). The Boards believe that each Independent Board Member satisfied, at the time he or she was initially elected or appointed as a Board
Member, and continues to satisfy, the standards contemplated by the Statement of Policy as well as the standards set forth in each Fund&#146;s <FONT STYLE="white-space:nowrap">By-laws.</FONT> Furthermore, in determining that a particular Board
Member was and continues to be qualified to serve as a Board Member, the Boards have considered a variety of criteria, none of which, in isolation, was controlling. The Boards believe that, collectively, the Board Members have balanced and diverse
experiences, skills, attributes and qualifications, which allow the Boards to operate effectively in governing the Funds and protecting the interests of shareholders. Among the attributes common to all Board Members is their ability to review
critically, evaluate, question and discuss information provided to them, to interact effectively with the Funds&#146; Investment Advisor, other service providers, counsel and independent auditors, and to exercise effective business judgment in the
performance of their duties as Board Members. Each Board Member&#146;s ability to perform his or her duties effectively is evidenced by his or her educational background or professional training; business, consulting, public service or academic
positions; experience from service as a board member of the Funds or the other funds in the BlackRock Fund Complexes (and any predecessor funds), other investment funds, public companies, or <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">not-for-profit</FONT></FONT> entities or other organizations; ongoing commitment and participation in Board and committee meetings, as well as their leadership of standing and other committees throughout the years; or
other relevant life experiences. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The table below discusses some of the experiences, qualifications and skills of the Board Members that
support the conclusion that they should serve on the Boards. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-12 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Board Members</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Experience, Qualifications and Skills</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><I>Independent Board Members</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">R. Glenn Hubbard</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">R. Glenn Hubbard has served in numerous roles in the field of economics, including as the Chairman of the U.S. Council of
Economic Advisers of the President of the United States. Dr.&nbsp;Hubbard has served as the Dean of Columbia Business School, as a member of the Columbia Faculty and as a Visiting Professor at the John F. Kennedy School of Government at Harvard
University, the Harvard Business School and the University of Chicago. Dr.&nbsp;Hubbard&#146;s experience as an adviser to the President of the United States adds a dimension of balance to the Funds&#146; governance and provides perspective on
economic issues. Dr.&nbsp;Hubbard&#146;s service on the boards of ADP and Metropolitan Life Insurance Company provides the Boards with the benefit of his experience with the management practices of other financial companies. Dr.&nbsp;Hubbard&#146;s
long-standing service on the boards of directors/trustees of the <FONT STYLE="white-space:nowrap">closed-end</FONT> funds in the BlackRock Fixed-Income Complex also provides him with a specific understanding of the Funds, their operations, and the
business and regulatory issues facing the Funds. Dr.&nbsp;Hubbard&#146;s independence from the Funds and the Advisor enhances his service as Chair of the Boards, Chair of the Executive Committee and a member of the Governance Committee, the
Compliance Committee and the Performance Oversight Committee.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">W. Carl Kester</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Boards benefit from W. Carl Kester&#146;s experiences as a professor and author in finance, and his experience as the
George Fisher Baker Jr. Professor of Business Administration at Harvard Business School and as Deputy Dean of Academic Affairs at Harvard Business School from 2006 through 2010 adds to the Board a wealth of expertise in corporate finance and
corporate governance. Dr.&nbsp;Kester has authored and edited numerous books and research papers on both subject matters, including <FONT STYLE="white-space:nowrap">co-editing</FONT> a leading volume of finance case studies used worldwide.
Dr.&nbsp;Kester&#146;s long-standing service on the boards of directors/trustees of the <FONT STYLE="white-space:nowrap">closed-end</FONT> funds in the BlackRock Fixed-Income Complex also provides him with a specific understanding of the Funds,
their operations, and the business and regulatory issues facing the Funds. Dr.&nbsp;Kester&#146;s independence from the Funds and the Investment Advisor enhances his service as a Vice Chair of the Boards, Chair of the Governance Committee and a
member of the Executive Committee, the Discount Committee, the Compliance Committee, the Performance Oversight Committee and the Securities Lending Committee.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Cynthia L. Egan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Cynthia L. Egan brings to the Boards a broad and diverse knowledge of investment companies and the retirement industry as a
result of her many years of experience as President, Retirement Plan Services, for T. Rowe Price Group, Inc. and her various senior operating officer positions at Fidelity Investments, including her service as Executive Vice President of FMR Co.,
President of Fidelity Institutional Services Company and President of the Fidelity Charitable Gift Fund. Ms.&nbsp;Egan has also served as an advisor to the U.S. Department of Treasury as an expert in domestic retirement security. Ms.&nbsp;Egan began
her professional career at the Board of Governors of the Federal Reserve and the Federal Reserve Bank of New York. Ms.&nbsp;Egan is also a director of UNUM Corporation, a publicly traded insurance company providing personal risk reinsurance, and a
director and Chair of the Board of The Hanover Group, a public property casualty insurance company. Ms.&nbsp;Egan is also the lead independent director and <FONT STYLE="white-space:nowrap">non-executive</FONT> Vice Chair of the Board of Huntsman
Corporation, a publicly traded manufacturer and marketer of chemical</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-13 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">products. Ms.&nbsp;Egan&#146;s independence from the Funds and the Investment Advisor enhances her service as Chair of the
Compliance Committee and a member of the Discount Committee, the Governance Committee, the Performance Oversight Committee and the Securities Lending Committee.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Lorenzo A. Flores</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Boards benefit from Lorenzo A. Flores&#146;s many years of business, leadership and financial experience in his roles
at various public and private companies. In particular, Mr.&nbsp;Flores&#146;s service as Chief Financial Officer of Lattice Semiconductor Corporation, a semiconductor company that designs, develops, and markets programmable logic products and
related software, Chief Financial Officer of Intel Foundry, a semiconductor manufacturing unit of Intel Corporation, Chief Financial Officer and Corporate Controller of Xilinx, Inc., a technology and semiconductor company that supplies programmable
logic devices, and Vice Chairman of Kioxia, Inc., a manufacturer and supplier of flash memory and solid state drives, and his long experience in the technology industry allow him to provide insight to into financial, business and technology trends.
Mr.&nbsp;Flores&#146;s knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr.&nbsp;Flores&#146;s independence from the Funds and the Investment Advisor enhances his service as a member of the
Performance Oversight Committee.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Stayce D. Harris</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Boards benefit from Stayce D. Harris&#146;s leadership and governance experience gained during her extensive military
career, including as a three-star Lieutenant General of the United States Air Force. In her most recent role, Ms.&nbsp;Harris reported to the Secretary and Chief of Staff of the Air Force on matters concerning Air Force effectiveness, efficiency and
the military discipline of active duty, Air Force Reserve and Air National Guard forces. Ms.&nbsp;Harris&#146;s experience on governance matters includes oversight of inspection policy and the inspection and evaluation system for all Air Force
nuclear and conventional forces; oversight of Air Force counterintelligence operations and service on the Air Force Intelligence Oversight Panel; investigation of fraud, waste and abuse; and oversight of criminal investigations and complaints
resolution programs. Ms.&nbsp;Harris is also a director of The Boeing Company. Ms.&nbsp;Harris&#146;s independence from the Funds and the Investment Advisor enhances her service as a member of the Compliance Committee and the Performance Oversight
Committee.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">J. Phillip Holloman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Boards benefit from J. Phillip Holloman&#146;s many years of business and leadership experience as an executive,
director and advisory board member of various public and private companies. In particular, Mr.&nbsp;Holloman&#146;s service as Interim Executive Chairman, President and Chief Executive Officer of Vestis Corporation and President and Chief Operating
Officer of Cintas Corporation allows him to provide insight into business trends and conditions. Mr.&nbsp;Holloman&#146;s knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee.
Mr.&nbsp;Holloman&#146;s independence from the Funds and the Investment Advisor enhances his service as a member of the Governance Committee and the Performance Oversight Committee.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Catherine A. Lynch</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad
Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms.&nbsp;Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company
that invests primarily in mortgage-related assets. Ms.&nbsp;Lynch also holds the designation of Chartered</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-14 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Financial Analyst. Ms.&nbsp;Lynch&#146;s knowledge of financial and accounting matters qualifies her to serve as Chair of
the Audit Committee. Ms.&nbsp;Lynch&#146;s independence from the Funds and the Investment Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee
and the Performance Oversight Committee.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Arthur P. Steinmetz</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Boards benefit from Arthur P. Steinmetz&#146;s many years of business and leadership experience as an executive,
chairman and director of various companies in the financial industry. Mr.&nbsp;Steinmetz&#146;s service as Chairman, Chief Executive Officer and President of the OppenheimerFunds, Inc. and as Trustee, President and Principal Executive Officer of
certain OppenheimerFunds funds provides insight into the asset management industry. He has also served as a Director of ScotiaBank (U.S.). Mr.&nbsp;Steinmetz&#146;s knowledge of financial and accounting matters qualifies him to serve as a member of
the Audit Committee. Mr.&nbsp;Steinmetz&#146;s independence from the Funds and the Investment Advisor enhances his service as Chair of the Performance Oversight Committee and a member of the Discount Committee.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><I>Interested Board Members</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Robert Fairbairn</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Robert Fairbairn has more than 25 years of experience with BlackRock, Inc. and over 30 years of experience in finance and
asset management. In particular, Mr.&nbsp;Fairbairn&#146;s positions as Vice Chairman of BlackRock, Inc., Member of BlackRock&#146;s Global Executive and Global Operating Committees and <FONT STYLE="white-space:nowrap">Co-Chair</FONT> of
BlackRock&#146;s Human Capital Committee provide the Boards with a wealth of practical business knowledge and leadership. In addition, Mr.&nbsp;Fairbairn has global investment management and oversight experience through his former positions as
Global Head of BlackRock&#146;s Retail and iShares<SUP STYLE="font-size:75%; vertical-align:top">&reg;</SUP> businesses, Head of BlackRock&#146;s Global Client Group, Chairman of BlackRock&#146;s international businesses and his previous oversight
over BlackRock&#146;s Strategic Partner Program and Strategic Product Management Group. Mr.&nbsp;Fairbairn also serves as a board member for the funds in the BlackRock Multi-Asset Complex.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">John M. Perlowski</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">John M. Perlowski&#146;s experience as Managing Director of BlackRock, Inc. since 2009, as the Head of BlackRock Global
Accounting and Product Services since 2009, and as President and Chief Executive Officer of the Funds provides him with a strong understanding of the Funds, their operations, and the business and regulatory issues facing the Funds.
Mr.&nbsp;Perlowski&#146;s prior position as Managing Director and Chief Operating Officer of the Global Product Group at Goldman Sachs Asset Management, and his former service as Treasurer and Senior Vice President of the Goldman Sachs Mutual Funds
and as Director of the Goldman Sachs Offshore Funds provides the Boards with the benefit of his experience with the management practices of other financial companies. Mr.&nbsp;Perlowski also serves as a board member for the funds in the BlackRock
Multi-Asset Complex. Mr.&nbsp;Perlowski&#146;s experience with BlackRock enhances his service as a member of the Executive Committee.</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_6"></A>Board Leadership Structure and Oversight </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Boards have overall responsibility for the oversight of the Funds. The Chair of the Boards and the Chief Executive Officer are different
people. Not only is the Chair an Independent Board Member, but also the Chair of each Board committee (each, a &#147;Committee&#148;) is an Independent Board Member. The Boards have seven standing Committees: an
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-15 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Audit Committee, a Governance Committee, a Compliance Committee, a Performance Oversight Committee, a Securities Lending Committee, a Discount Committee and an Executive Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Boards currently oversee the Funds&#146; usage of leverage, including the Funds&#146; incurrence, refinancing and maintenance of leverage
and, to the extent necessary or appropriate, authorize or approve the execution of documentation in respect thereto. The Executive Committee of each Fund has authority to make any such authorizations or approvals that are required between regular
meetings of the Boards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds do not have a compensation committee because their executive officers, other than the Funds&#146; Chief
Compliance Officer (&#147;CCO&#148;), do not receive any direct compensation from the Funds and the CCO&#146;s compensation is comprehensively reviewed by the Boards. The role of the Chair of the Boards is to preside over all meetings of the Boards
and to act as a liaison with service providers, officers, attorneys, and other Board Members between meetings. The Chair of each Committee performs a similar role with respect to such Committee. The Chair of the Boards or Chair of a Committee may
also perform such other functions as may be delegated by the Boards or the Committees from time to time. The Independent Board Members meet regularly outside the presence of the Funds&#146; management, in executive sessions or with other service
providers to the Funds. The Boards have regular meetings five times a year, including a meeting to consider the approval of the Funds&#146; investment management agreements and, if necessary, may hold special meetings before their next regular
meeting. The Audit Committee, the Governance Committee, the Compliance Committee, the Performance Oversight Committee and the Securities Lending Committee each meets regularly and the Executive Committee and the Discount Committee each meets on an
ad hoc basis to conduct the oversight functions delegated to that Committee by the Boards and reports its findings to the Boards. The Boards and each standing Committee conduct annual assessments of their oversight function and structure. The Boards
have determined that the Boards&#146; leadership structure is appropriate because it allows the Boards to exercise independent judgment over management and to allocate areas of responsibility among Committees and the Boards to enhance oversight.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Boards decided to separate the roles of Chief Executive Officer from the Chair because they believe that having an independent Chair:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">increases the independent oversight of the Funds and enhances the Boards&#146; objective evaluation of the
Chief Executive Officer; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">allows the Chief Executive Officer to focus on the Funds&#146; operations instead of Board administration;
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">provides greater opportunities for direct and independent communication between shareholders and the Boards;
and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">provides independent spokespersons for the Funds. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Boards have engaged the Investment Advisor to manage the Funds on
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">a&nbsp;day-to-day&nbsp;basis.</FONT></FONT> Each Board is responsible for overseeing the Investment Advisor, other service providers, the operations of each Fund and associated risks
in accordance with the provisions of the 1940 Act, state law, other applicable laws, each Fund&#146;s charter, and each Fund&#146;s investment objective(s) and strategies. The Boards review, on an ongoing basis, the Funds&#146; performance,
operations, and investment strategies and techniques. The Boards also conduct reviews of the Investment Advisor and its role in running the operations of the Funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Day-to-day&nbsp;risk</FONT></FONT> management with respect to the Funds is
the responsibility of the Investment Advisor or other service providers (depending on the nature of the risk), subject to the supervision of the Investment Advisor. The Funds are subject to a number of risks, including investment, compliance,
operational and valuation risks, among others. While there are a number of risk management functions performed by the Investment Advisor or other service providers, as applicable, it is not possible to eliminate all of the risks applicable to the
Funds. Risk oversight is part of the Boards&#146; general oversight of the Funds and is addressed as part of various Board and Committee activities. The Boards, directly or through Committees, also review reports from, among others, management, the
independent registered public accounting firm for the Funds, the Investment Advisor, and internal auditors for the Investment Advisor or its affiliates, as appropriate, regarding risks faced by the Funds and management&#146;s or the service
providers&#146; risk functions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-16 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
The Committee system facilitates the timely and efficient consideration of matters by the Board Members and facilitates effective oversight of compliance with legal and regulatory requirements
and of the Funds&#146; activities and associated risks. The Boards have approved the appointment of a Chief Compliance Officer, who oversees the implementation and testing of the Funds&#146; compliance program and reports regularly to the Boards
regarding compliance matters for the Funds and their service providers. The Independent Board Members have engaged independent legal counsel to assist them in performing their oversight responsibilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">During the calendar year 2024, the Board of each Fund met 8 times. During the most recent full fiscal year for each Fund, the Board met the
following number of times: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="63%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="13%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fund Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Ticker</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fiscal Year<BR>End</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Number of<BR>Board&nbsp;Meetings</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BlackRock New York Municipal Income Trust</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:10pt">BNY</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:10pt">July&nbsp;31,&nbsp;2025</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BlackRock MuniHoldings New York Quality Fund, Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:10pt">MHN</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:10pt">July&nbsp;31, 2025</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BlackRock MuniYield New York Quality Fund, Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:10pt">MYN</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:10pt">July&nbsp;31, 2025</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">[&#9679;]</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">[No incumbent Board Member attended less than 75% of the aggregate number of meetings of each Board and of
each Committee on which the Board Member served during each Fund&#146;s most recently completed fiscal year.] </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><I>Audit
Committee.</I></B>&nbsp;Each Board has a standing Audit Committee composed of Catherine A. Lynch (Chair), Lorenzo A. Flores, J. Phillip Holloman and Arthur P. Steinmetz, all of whom are Independent Board Members. Ms.&nbsp;Lynch and Messrs. Steinmetz
and Flores have been determined by the Audit Committee and the Board to be Audit Committee Financial Experts. The principal responsibilities of the Audit Committee are to assist the Board in fulfilling its oversight responsibilities relating to the
accounting and financial reporting policies and practices of the Fund. The Audit Committee&#146;s responsibilities include, without limitation: (i)&nbsp;approving and recommending to the full Board for approval the selection, retention, termination
and compensation of the Fund&#146;s independent registered public accounting firm (the &#147;Independent Registered Public Accounting Firm&#148;) and evaluating the independence and objectivity of the Independent Registered Public Accounting Firm;
(ii)&nbsp;approving all audit engagement terms and fees for the Fund; (iii)&nbsp;reviewing the conduct and results of each audit; (iv)&nbsp;reviewing any issues raised by the Fund&#146;s Independent Registered Public Accounting Firm or management
regarding the accounting or financial reporting policies and practices of the Fund, its internal controls, and, as appropriate, the internal controls of certain service providers and management&#146;s response to any such issues; (v)&nbsp;reviewing
and discussing the Fund&#146;s audited and unaudited financial statements and disclosure in the Fund&#146;s shareholder reports relating to the Fund&#146;s performance; (vi)&nbsp;assisting the Board&#146;s responsibilities with respect to the
internal controls of the Fund and its service providers with respect to accounting and financial matters; and (vii)&nbsp;resolving any disagreements between the Fund&#146;s management and the Fund&#146;s Independent Registered Public Accounting Firm
regarding financial reporting. A copy of the Audit Committee Charter for each Fund can be found in the &#147;Corporate Governance&#148; section of the BlackRock <FONT STYLE="white-space:nowrap">Closed-End</FONT> Fund website at
<B><I>www.blackrock.com</I></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><I>Governance Committee.</I></B>&nbsp;Each Board has a standing Governance Committee composed of W.
Carl Kester (Chair), Cynthia L. Egan, J. Phillip Holloman, R. Glenn Hubbard and Catherine A. Lynch, all of whom are Independent Board Members. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The principal responsibilities of the Governance Committee are: (i)&nbsp;identifying individuals qualified to serve as Independent Board
Members and recommending Board Nominees that are not &#147;interested persons&#148; of the Funds (as defined in the 1940 Act) for election by shareholders or appointment by the Board; (ii)&nbsp;advising the Board with respect to Board composition,
procedures and Committees of the Board (other than the Audit Committee); (iii) overseeing periodic self-assessments of the Board and Committees of the Board (other than the Audit Committee); (iv) reviewing and making recommendations with respect to
Independent Board Member compensation; (v)&nbsp;monitoring corporate governance matters and making recommendations in respect thereof to the Board; (vi)&nbsp;acting as the administrative committee with respect to Board policies and procedures,
committee policies and procedures (other than the Audit Committee) and codes of ethics as they relate to the Independent Board Members; and (vii)&nbsp;reviewing and making recommendations to the Board in respect of Fund share ownership by the
Independent Board Members. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-17 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Governance Committee of each Board seeks to identify individuals to serve on the Board
who have a diverse range of viewpoints, qualifications, experiences, backgrounds and skill sets so that the Board will be better suited to fulfill its responsibility of overseeing the Fund&#146;s activities. In so doing, the Governance Committee
reviews the size of the Board, the ages of the current Board Members and their tenure on the Board, and the skills, background and experiences of the Board Members in light of the issues facing the Fund in determining whether one or more new Board
Members should be added to the Board. The Board as a group strives to achieve diversity in terms of gender, race and geographic location. The Governance Committee believes that the Board Members as a group possess the array of skills, experiences
and backgrounds necessary to guide the Fund. The Board Members&#146; biographies included herein highlight the diversity and breadth of skills, qualifications and expertise that the Board Members bring to the Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Governance Committee may consider nominations for Board Members made by the Fund&#146;s shareholders as it deems appropriate. Under each <FONT
STYLE="white-space:nowrap">Fund&#146;s&nbsp;By-laws,&nbsp;shareholders</FONT> must follow certain procedures to nominate a person for election as a Board Member at an annual or special meeting, or to introduce an item of business at an annual
meeting. Under these advance notice procedures, shareholders must submit the proposed nominee or item of business by delivering a notice to the Secretary of the Fund at its principal executive offices. Each Fund must receive notice of a
shareholder&#146;s intention to introduce a nomination or proposed item of business for an annual shareholder meeting not less than 120 days nor more than 150 days before the anniversary of the prior year&#146;s annual shareholder meeting. Assuming
that the 2026 annual shareholder meeting of a Fund is held within 25 days of July&nbsp;11, 2026, the Fund must receive notice pertaining to the 2026 annual meeting of shareholders no earlier than Wednesday, February&nbsp;11, 2026 and no later than
Friday, March&nbsp;13, 2026. However, if a Fund holds its 2026 annual shareholder meeting on a date that is not within 25 days before or after July&nbsp;11, 2026, such Fund must receive the notice of a shareholder&#146;s intention to introduce a
nomination or proposed item of business not later than the close of business on the tenth day following the day on which the notice of the date of the shareholder meeting was mailed or the public disclosure of the date of the shareholder meeting was
made, whichever comes first. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each <FONT STYLE="white-space:nowrap">Fund&#146;s&nbsp;By-laws&nbsp;provide</FONT> that notice of a proposed
nomination must include certain information about the shareholder and the nominee, as well as a written consent of the proposed nominee to serve if elected. A notice of a proposed item of business must include a description of and the reasons for
bringing the proposed business to the meeting, any material interest of the shareholder in the business, and certain other information about the shareholder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Further, each Fund has adopted Board Member qualification requirements which can be found in each Fund&#146;s
<FONT STYLE="white-space:nowrap">By-laws</FONT> and are applicable to all Board Members that may be nominated, elected, appointed, qualified or seated to serve as Board Members. The qualification requirements may include: (i)&nbsp;age limits;
(ii)&nbsp;limits on service on other boards; (iii)&nbsp;restrictions on relationships with investment advisers other than the Investment Advisor; and (iv)&nbsp;character and fitness requirements. In addition to not being an &#147;interested
person&#148; of the Fund as defined under Section&nbsp;2(a)(19) of the 1940 Act, each Independent Board Member may not be or have certain relationships with a shareholder owning five percent or more of the Fund&#146;s voting securities or owning
other percentage ownership interests in investment companies registered under the 1940 Act. Reference is made to each Fund&#146;s <FONT STYLE="white-space:nowrap">By-laws</FONT> for more details. A copy of the Governance Committee Charter for each
Fund can be found in the &#147;Corporate Governance&#148; section of the <FONT STYLE="white-space:nowrap">BlackRock&nbsp;Closed-End&nbsp;Fund</FONT> website at<B><I>&nbsp;www.blackrock.com</I></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><I>Compliance Committee.</I></B>&nbsp;Each Fund has a Compliance Committee composed of Cynthia L. Egan (Chair), Stayce D. Harris, R. Glenn
Hubbard and W. Carl Kester, all of whom are Independent Board Members. The Compliance Committee&#146;s purpose is to assist the Board in fulfilling its responsibility with respect to the oversight of regulatory and fiduciary compliance matters
involving the Fund, the fund-related activities of the Investment Advisor, and any <FONT STYLE="white-space:nowrap">sub-advisers</FONT> and the Fund&#146;s other third party service providers. The Compliance Committee&#146;s responsibilities
include, without limitation: (i)&nbsp;overseeing the compliance policies and procedures of the Fund and its service providers and recommending changes or additions to such policies and procedures; (ii)&nbsp;reviewing information on and, where
appropriate, recommending policies concerning the Fund&#146;s compliance with applicable law; (iii)&nbsp;reviewing information on any significant correspondence with or other actions by regulators or governmental agencies with respect to the Fund
and any employee complaints or published reports that raise concerns regarding compliance matters; and (iv)&nbsp;reviewing reports from, overseeing the annual performance review of, and making certain recommendations in respect of the CCO,
including, without limitation, determining the amount and structure of the CCO&#146;s compensation. Each Board has adopted a written charter for the Board&#146;s Compliance Committee. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-18 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><I>Performance Oversight Committee.</I></B>&nbsp;Each Fund has a Performance Oversight
Committee composed of Arthur P. Steinmetz (Chair), Cynthia L. Egan, Lorenzo A. Flores, Stayce D. Harris, J. Phillip Holloman, R. Glenn Hubbard, W. Carl Kester and Catherine A. Lynch, all of whom are Independent Board Members. The Performance
Oversight Committee&#146;s purpose is to assist the Board in fulfilling its responsibility to oversee the Fund&#146;s investment performance relative to the Fund&#146;s investment objective(s), policies and practices. The Performance Oversight
Committee&#146;s responsibilities include, without limitation: (i)&nbsp;reviewing the Fund&#146;s investment objective(s), policies and practices; (ii)&nbsp;recommending to the Board any required action in respect of changes in fundamental <FONT
STYLE="white-space:nowrap">and&nbsp;non-fundamental&nbsp;investment</FONT> restrictions; (iii)&nbsp;reviewing information on appropriate benchmarks and competitive universes; (iv)&nbsp;reviewing the Fund&#146;s investment performance relative to
such benchmarks; (v)&nbsp;reviewing information on unusual or exceptional investment matters; (vi)&nbsp;reviewing whether the Fund has complied with its investment policies and restrictions; and (vii)&nbsp;overseeing policies, procedures and
controls regarding valuation of the Fund&#146;s investments. Each Board has adopted a written charter for the Board&#146;s Performance Oversight Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><I>Discount Committee. </I></B>Each Fund has a Discount Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, W. Carl Kester
and Arthur P. Steinmetz, all of whom are Independent Board Members. The principal responsibilities of the Discount Committee include, without limitation, the following responsibilities with respect to the Funds when a Fund is trading at a share
price lower than its net asset value (referred to as &#147;trading at a discount&#148;): (i) monitoring, on behalf of the Board, the Fund; (ii)&nbsp;seeking to identify factors driving a Fund trading at a discount; (iii)&nbsp;engaging with the
Investment Advisor on ways to potentially mitigate a Fund trading at a discount; (iv)&nbsp;reviewing and making recommendations to the Board regarding actions related to a Fund trading at a discount; and (v)&nbsp;addressing such other matters
relating to a Fund trading at a discount as the Discount Committee deems appropriate. Each Board has adopted a written charter for the Board&#146;s Discount Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><I>Securities Lending Committee. </I></B>Each Fund has a Securities Lending Committee composed of Catherine A. Lynch (Chair), Cynthia L.
Egan and W. Carl Kester, all of whom are Independent Board Members. The principal responsibilities of the Securities Lending Committee include, without limitation: (i)&nbsp;supporting, overseeing and organizing on behalf of the Board the process for
oversight of each Fund&#146;s securities lending activities; and (ii)&nbsp;providing a recommendation to the Board regarding the annual approval of each Fund&#146;s Securities Lending Guidelines and each Fund&#146;s agreement with the lending agent.
Each Board has adopted a written charter for the Board&#146;s Securities Lending Committee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><I>Executive Committee.</I></B>&nbsp;Each
Fund has an Executive Committee composed of R. Glenn Hubbard (Chair) and W. Carl Kester, both of whom are Independent Board Members, and John M. Perlowski, who serves as an interested Board Member. The principal responsibilities of the Executive
Committee include, without limitation: (i)&nbsp;acting on routine matters between meetings of the Board; (ii)&nbsp;acting on such matters as may require urgent action between meetings of the Board; and (iii)&nbsp;exercising such other authority as
may from time to time be delegated to the Executive Committee by the Board. Each Board has adopted a written charter for the Board&#146;s Executive Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Boards currently oversee the Funds&#146; usage of leverage, including the Funds&#146; incurrence, refinancing and maintenance of leverage
and, to the extent necessary or appropriate, authorize or approve the execution of documentation in respect thereto. The Executive Committee has authority to make any such authorizations or approvals that are required between regular meetings of the
Boards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Audit Committee, Governance Committee, Compliance Committee, Performance Oversight Committee, Discount Committee, Securities
Lending Committee and Executive Committee met the following number of times for each Fund&#146;s most recent fiscal year: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="24%"></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Ticker</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fiscal<BR>Year&nbsp;End</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>Audit<BR>Committee<BR>Meetings</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>Governance<BR>Committee<BR>Meetings</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>Compliance<BR>Committee<BR>Meetings</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>Performance<BR>Oversight<BR>Committee<BR>Meetings</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>Discount<BR>Committee<BR>Meetings</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>Securities<BR>Lending<BR>Committee<BR>Meetings</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>Executive<BR>Committee<BR>Meetings</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top">BNY</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;31,<BR>2025</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top">MHN</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;31,<BR>2025</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top">Acquiring Fund (MYN)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;31,<BR>2025</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">[&#9679;]</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-19 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_7"></A>Compensation of the Board Members </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Independent Board Member is paid an annual retainer of $370,000 per year for his or her services as a Board Member of the
BlackRock-advised funds, including the Funds, together with <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses in accordance with a Board policy on travel and other business expenses relating to
attendance at meetings. In addition, the Chair of the Boards and the Vice Chair of the Boards are paid an additional annual retainer of $140,000 and $84,000, respectively. The Chairs of the Audit Committee, Performance Oversight Committee,
Compliance Committee, Governance Committee, Discount Committee and Securities Lending Committee are each paid an additional annual retainer of $55,000, $42,500, $50,000, $42,500, $25,000 and $20,000, respectively. Each of the other members of the
Audit Committee, Compliance Committee, Governance Committee, Discount Committee and Securities Lending Committee is paid an additional annual retainer of $30,000, $25,000, $25,000, $20,000 and $15,000, respectively, for his or her service on such
committee. An Independent Board Member may receive additional compensation for his or her service as a member or Chair, as applicable, of one or more ad hoc committees of the Board. The Funds will pay a pro rata portion quarterly (based on relative
net assets) of the foregoing Board Member fees paid by the funds in the BlackRock Fixed-Income Complex. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Independent Board Members
have agreed that a maximum of 50% of each Independent Board Member&#146;s total compensation paid by funds in the BlackRock Fixed-Income Complex may be deferred pursuant to the BlackRock Fixed-Income Complex&#146;s deferred compensation plan. Under
the deferred compensation plan, deferred amounts earn a return for the Independent Board Members as though equivalent dollar amounts had been invested in shares of certain funds in the BlackRock Fixed-Income Complex selected by the Independent Board
Members. This has approximately the same economic effect for the Independent Board Members as if they had invested the deferred amounts in such funds in the BlackRock Fixed-Income Complex. The deferred compensation plan is not funded and obligations
thereunder represent general unsecured claims against the general assets of a fund and are recorded as a liability for accounting purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Prior to January&nbsp;1, 2024, the Chair of the Boards and the Vice Chair of the Boards were paid an additional annual retainer of $100,000
and $60,000, respectively. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee were paid an additional annual retainer of $45,000, $37,500, $45,000 and $37,500, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following table sets forth the compensation paid to the Board Members by each Fund for the fiscal year ended July&nbsp;31, 2025, and the
aggregate compensation, including deferred compensation amounts, paid to them by all BlackRock-advised Funds for the calendar year ended December&nbsp;31, 2024. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Times New Roman PS Std; font-size:9pt" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">

<TD WIDTH="47%"></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD>$</TD>
<TD nowrap STYLE="font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD>$</TD>
<TD nowrap STYLE="font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD>$</TD>
<TD nowrap STYLE="font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD>$</TD>
<TD nowrap STYLE="font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD>$</TD>
<TD nowrap STYLE="font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; "><B>Name<SUP STYLE="font-size:75%; vertical-align:top">1</SUP></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Compensation<BR>from BNY</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Compensation<BR>from MHN</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Compensation<BR>from the<BR>Acquiring<BR>Fund (MYN)</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Estimated&nbsp;Annual<BR>Benefits</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>upon Retirement</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Aggregate</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Compensation<BR>from&nbsp;the&nbsp;Funds<BR>and&nbsp;Other<BR>BlackRock-<BR>Advised&nbsp;
Funds<SUP STYLE="font-size:75%; vertical-align:top">2,3</SUP></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman"><I>Independent Board Members:</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Cynthia L. Egan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">$655,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Lorenzo A. Flores</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">$420,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Stayce D. Harris</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">$395,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">J. Phillip Holloman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">$425,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">R. Glenn Hubbard</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">$600,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">W. Carl Kester</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">$746,500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Catherine A. Lynch</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">$695,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Arthur P. Steinmetz</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">$534,206</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman"><I>Interested Board Members:</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-20 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Times New Roman PS Std; font-size:8pt" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">

<TD WIDTH="48%"></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD nowrap ><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD nowrap ><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD nowrap ><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD nowrap ><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD nowrap ><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman; "><B>Name<SUP STYLE="font-size:75%; vertical-align:top">1</SUP></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Compensation<BR>from BNY</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Compensation<BR>from MHN</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Compensation<BR>from the<BR>Acquiring<BR>Fund (MYN)</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Estimated&nbsp;Annual<BR>Benefits</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>upon Retirement</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Aggregate</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Compensation<BR>from&nbsp;the&nbsp;Funds<BR>and&nbsp;Other<BR>BlackRock-<BR>Advised&nbsp;
Funds<SUP STYLE="font-size:75%; vertical-align:top">2,3</SUP></B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Robert Fairbairn</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">John M. Perlowski</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">None</FONT></TD></TR>
</TABLE> <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:16%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">For the number of BlackRock-advised Funds from which each Independent Board Member receives compensation see
the Biographical Information Chart. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">For the Independent Board Members, this amount represents the aggregate compensation earned from the funds in
the BlackRock Fixed-Income Complex during the calendar year ended December&nbsp;31, 2024. Of this amount, Mr.&nbsp;Flores, Ms.&nbsp;Harris, Mr.&nbsp;Holloman, Dr.&nbsp;Hubbard, Dr.&nbsp;Kester, Ms.&nbsp;Lynch and Mr.&nbsp;Steinmetz deferred
$210,000, $197,500, $212,500, $300,000, $58,641, $34,750 and $266,957, respectively, pursuant to the BlackRock Fixed-Income Complex&#146;s deferred compensation plan. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">3</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Total amount of deferred compensation payable by the BlackRock Fixed-Income Complex to Mr.&nbsp;Flores,
Ms.&nbsp;Harris, Mr.&nbsp;Holloman, Dr.&nbsp;Hubbard, Dr.&nbsp;Kester, Ms.&nbsp;Lynch and Mr.&nbsp;Steinmetz is $743,845, $726,494, $773,663, $5,010,835, $2,155,608, $631,953 and $278,737, respectively, as of December&nbsp;31, 2024. Ms.&nbsp;Egan
did not participate in the deferred compensation plan as of December&nbsp;31, 2024. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_8"></A>Share Ownership
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Information relating to each Board Member&#146;s share ownership in each Fund and in the other funds in the BlackRock Fixed-Income
Complex that are overseen by the respective director (&#147;Supervised Funds&#148;) as of December&nbsp;31, 2024 is set forth in the chart below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="59%"></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name of Board</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Member</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Aggregate<BR>Dollar&nbsp;Range<BR>of Common<BR>Shares in<BR>BNY</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Aggregate<BR>Dollar&nbsp;Range<BR>of Common<BR>Shares in<BR>MHN</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Aggregate<BR>Dollar&nbsp;Range<BR>of Common<BR>Shares in the<BR>Acquiring<BR>Fund (MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Aggregate Dollar<BR>Range of Common<BR>Shares&nbsp;in&nbsp;Supervised<BR>Funds*</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">Cynthia L. Egan</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">Lorenzo A. Flores</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">Stayce D. Harris</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">J. Phillip Holloman</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">R. Glenn Hubbard</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="white-space:nowrap">$1-$10,000</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">W. Carl Kester</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">Catherine A. Lynch</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">Arthur P. Steinmetz</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">John M. Perlowski</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">Robert Fairbairn</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Over&nbsp;$100,000</TD></TR>
</TABLE> <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Includes share equivalents owned under the deferred compensation plan in the Supervised Funds by certain
Independent Board Members who have participated in the deferred compensation plan of the Supervised Funds. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As of
December&nbsp;31, 2024, none of the Independent Board Members of each Fund or their immediate family members owned beneficially or of record any securities of BlackRock or any affiliate of BlackRock or underwriter or any person controlling,
controlled by or under common control with any such entities nor did any Independent Board Member of each Fund or their immediate family member have any material interest in any transaction, or series of similar transactions, during the most
recently completed two calendar years involving each Fund, BlackRock or any affiliate of BlackRock or underwriter or any person controlling, controlled by or under common control with any such entities. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-21 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_9"></A>Independent Board Member Ownership of Securities </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As of December&nbsp;31, 2024, the Independent Board Members (and their respective immediate family members) did not beneficially own
securities of the Investment Advisor, or an entity controlling, controlled by or under common control with the Investment Advisor (not including registered investment companies). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_10"></A>Information Pertaining to the Officers </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain biographical and other information relating to the officers of the Funds who are not Board Members is set forth below, including their
address and year of birth, principal occupations for at least the last five years and length of time served. With the exception of the CCO, executive officers receive no compensation from the Funds. The Acquiring Fund compensates the CCO for his
services as its CCO. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each executive officer is an &#147;interested person&#148; of the Funds (as defined in the 1940 Act) by virtue of
that individual&#146;s position with BlackRock or its affiliates described in the table below. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="63%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman"><B>&#8199;Name&nbsp;and<BR>&#8199;Year&nbsp;of&nbsp;Birth<SUP
STYLE="font-size:75%; vertical-align:top">1,2</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Position(s) Held<BR>(Length of Service)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Principal Occupation(s)<BR>During Past Five
Years</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman"><B>Officers Who Are Not Board Members</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman"><B>Stephen Minar</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1984</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Vice President</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2025)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Managing Director of BlackRock, Inc. since 2023; Director of BlackRock, Inc. since 2018.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman"><B>Trent Walker</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1974</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Chief Financial Officer</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2021)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Managing Director of BlackRock, Inc. since 2019.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman"><B>Jay M. Fife</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1970</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Treasurer</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2007)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Managing Director of BlackRock, Inc. since 2007.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman"><B>Aaron Wasserman</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1974</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Chief Compliance Officer</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2023)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Managing Director of BlackRock, Inc. since 2018; Chief Compliance Officer of the BlackRock-advised funds in the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the iShares Complex since 2023; Deputy Chief
Compliance Officer for the BlackRock-advised funds in the BlackRock Multi-Asset Complex, the BlackRock Fixed-Income Complex and the iShares Complex from 2014 to 2023.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman"><B>Janey Ahn</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.30em; font-size:9pt; font-family:Times New Roman" ALIGN="justify">1975</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Secretary</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman">(Since 2012)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Managing Director of BlackRock, Inc. since 2018.</TD></TR>
</TABLE> <DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:13%">&nbsp;</DIV> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">The address of each executive officer is c/o BlackRock, Inc., 50 Hudson Yards, New York, New York 10001
</P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">Officers of the Funds serve at the pleasure of the Board. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_11"></A>Indemnification of Board Members and Officers </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The governing documents of each Fund generally provide that, to the extent permitted by applicable law, the Fund will indemnify its Board
Members and officers against liabilities and expenses incurred in connection with litigation in which they may be involved because of their offices with the Fund unless they engaged in willful misfeasance, bad faith, gross negligence or reckless
disregard of the duties involved in their offices. In addition, the Fund will not indemnify Board Members with respect to any matter as to which Board Members did not act in good faith in the reasonable belief that his or her action was in the best
interest of the Fund or, in the case of any criminal proceeding, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-22 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
as to which Board Members had reasonable cause to believe that the conduct was unlawful. Indemnification provisions contained in a Fund&#146;s governing documents are subject to any limitations
imposed by applicable law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The funds in the BlackRock Fixed-Income Complex, including the Funds, have also entered into a separate
indemnification agreement with the Board Members of each Board (the &#147;Indemnification Agreement&#148;). The Indemnification Agreement (i)&nbsp;extends the indemnification provisions contained in a Fund&#146;s governing documents to Board Members
who leave that Fund&#146;s Board and serve on an advisory board of a different fund in the BlackRock Fixed-Income Complex; (ii)&nbsp;sets in place the terms of the indemnification provisions of a Fund&#146;s governing documents once a director
retires from a Board; and (iii)&nbsp;in the case of Board Members who left the Board of a Fund in connection with or prior to the board consolidation that occurred in 2007 as a result of the merger of BlackRock and Merrill Lynch&nbsp;&amp; Co.,
Inc.&#146;s investment management business, clarifies that such Fund continues to indemnify the director for claims arising out of his or her past service to that Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_12"></A>INVESTMENT MANAGEMENT AGREEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_13"></A>Investment Management Agreements </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Management Agreement between each Fund and the Investment Advisor was approved by such Fund&#146;s Board, including a majority
of the Independent Board Members. The Investment Advisor is responsible for the management of each Fund&#146;s portfolio and provides the necessary personnel, facilities, equipment and certain other services necessary to the operation of the Funds.
The Investment Advisor, located at 100 Bellevue Parkway, Wilmington, Delaware 19809, is a majority-owned subsidiary of BlackRock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
Investment Management Agreement of each Fund is in effect for a one year term ending June&nbsp;30, 2026 and will continue in effect for successive periods of 12 months thereafter, provided that each continuance is specifically approved at least
annually by both (1)&nbsp;the vote of a majority of such Fund&#146;s Board or the vote of a majority of the securities of such Fund at the time outstanding and entitled to vote (as such term is defined in the 1940 Act) and (2)&nbsp;by the vote of a
majority of the Board Members of such Fund who are not interested persons (as such term is defined in the 1940 Act) to the Investment Management Agreement or interested persons of any party to the Investment Management Agreement, cast in person at a
meeting called for the purpose of voting on such approval. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Management Agreement of each Fund may be terminated at any
time, without the payment of any penalty, by such Fund (upon the vote of a majority of such Fund&#146;s Board or a majority of the outstanding voting securities of such Fund) or by the Investment Advisor, upon 60 days&#146; written notice by either
party to the other which can be waived by the <FONT STYLE="white-space:nowrap">non-terminating</FONT> party. The Investment Management Agreement of each Fund will terminate automatically in the event of its assignment (as such term is defined in the
1940 Act and the rules thereunder). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Management Agreement of each Fund provides that the Investment Advisor will not be
liable for any error of judgment or mistake of law or for any loss suffered by such Fund in connection with the performance of such Fund&#146;s Investment Management Agreement, except a loss resulting from a breach of fiduciary duty with respect to
the receipt of compensation for services or a loss resulting from willful misfeasance, bad faith or gross negligence on the Investment Advisor&#146;s part in the performance of its duties or from reckless disregard by the Investment Advisor of its
duties under the Investment Management Agreement. The Investment Management Agreement of each Fund also provides for indemnification by such Fund of the Investment Advisor, its Board Members, officers, employees, agents and control persons for
liabilities incurred by them in connection with their services to such Fund, subject to certain limitations and conditions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
Investment Advisor will devote such time and effort to the business of each Fund as is reasonably necessary to perform its duties to such Fund. However, the services of the Investment Advisor are not exclusive, and the Investment Advisor provides
similar services to other investment companies and other clients and may engage in other activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition to the fees paid to the
Investment Advisor, each Fund pays all other costs and expenses of its respective operations, including compensation of its Board Members (other than those affiliated with the Investment Advisor), custodian, leveraging expenses, transfer and
dividend disbursing agent expenses, legal fees, rating agency fees, listing </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-23 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
fees and expenses, expenses of independent auditors, expenses of repurchasing shares, expenses of preparing, printing and distributing shareholder reports, notices, proxy statements and reports
to governmental agencies and taxes, if any. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund and the Investment Advisor have entered into a fee waiver agreement (the &#147;Fee
Waiver Agreement&#148;), pursuant to which the Investment Advisor has contractually agreed to waive the management fee with respect to any portion of each Fund&#146;s assets attributable to investments in any equity and fixed-income mutual funds and
exchange traded funds (&#147;ETFs&#148;) managed by the Investment Advisor or its affiliates and other exchange-traded products sponsored by the Adviser or its affiliates, in each case that have a contractual management fee, through June&nbsp;30,
2027. In addition, pursuant to the Fee Waiver Agreement, the Investment Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees each Fund pays to the Investment Advisor indirectly through its
investment in money market funds advised by the Investment Advisor or its affiliates, through June&nbsp;30, 2027. The Fee Waiver Agreement may be continued from year to year thereafter, provided that such continuance is specifically approved by the
Investment Advisor and each Fund (including by a majority of the Independent Board Members). Neither the Investment Advisor nor the Funds are obligated to extend the Fee Waiver Agreement. The Fee Waiver Agreement may be terminated at any time,
without the payment of any penalty, only by each Fund (upon the vote of a majority of the Independent Board Members or a majority of the outstanding voting securities of each Fund), upon 90 days&#146; written notice by each Fund to the Investment
Advisor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Effective May&nbsp;1, 2024, the Investment Advisor voluntarily agreed to waive a portion of its investment advisory fee
attributable to each Fund&#146;s outstanding preferred shares for each month in which the monthly dividend on the Fund&#146;s preferred shares exceeds the calculated value of the Fund&#146;s gross monthly income attributable to investments from the
proceeds of the preferred shares (the &#147;Voluntary Waiver&#148;). The Voluntary Waiver also included a <FONT STYLE="white-space:nowrap">one-time</FONT> aggregate $2&nbsp;million voluntary advisory fee waiver to certain funds advised by the
Investment Advisor, of which each Fund received its pro rata portion. The Voluntary Waiver may be reduced or discontinued at any time without notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to MHN, the Investment Advisor has voluntarily agreed to waive its investment advisory fee on the proceeds of MHN&#146;s
preferred shares and tender option bond (&#147;TOB&#148;) trusts that exceed 35% of total assets minus the sum of its accrued liabilities (which does not include liabilities represented by the TOB trusts and the liquidation preference of any
outstanding preferred shares) (the &#147;MHN Voluntary Waiver&#148;). The MHN Voluntary Waiver may be reduced or discontinued at any time without notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Advisory Fees Paid to the Investment Advisor </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Advisor acts as the investment adviser for each Fund. The tables below set forth information about the total advisory fees paid
by each Fund to the Investment Advisor and any amounts waived by the Investment Advisor with respect to each Fund during each Fund&#146;s previous three fiscal years. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="92%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"><B>BNY</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>For the Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Paid&nbsp;to&nbsp;the&nbsp;Investment&#8195;</B><br><B>Advisor</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Waived&nbsp;by&nbsp;the&nbsp;Investment&#8195;</B><br><B>Advisor</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$2,560,754</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$93,324</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$2,665,793</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$3,481</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"><B>MHN</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>For the Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Paid to the Investment<BR>Advisor</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Waived by the Investment<BR>Advisor</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$3,329,662</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$418,633</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$3,445,306</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$338,437</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-24 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="92%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"><B>Acquiring Fund (MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>For the Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Paid&nbsp;to&nbsp;the&nbsp;Investment&#8195;</B><br><B>Advisor</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Waived&nbsp;by&nbsp;the&nbsp;Investment&#8195;</B><br><B>Advisor</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$3,509,530</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$164,408</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$3,637,562</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$3,033</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Accounting Services Provider </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">State Street Bank and Trust Company provides certain administration and accounting services to the Funds pursuant to an Administration and
Fund Accounting Services Agreement. The following table sets forth the amounts paid by each Fund to State Street Bank and Trust Company during each Fund&#146;s previous three fiscal years. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"><B>BNY</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>For the Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8194;&#8195;&#8195;&#8195;&#8195;Administrative&nbsp;Services&nbsp;Fees&nbsp;Paid&#8195;&#8195;&#8195;&#8195;&#8195;&#8194;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$76,376</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$75,695</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"><B>MHN</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>For the Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8194;&#8195;&#8195;&#8195;Administrative&nbsp;Services&nbsp;Fees&nbsp;Paid&#8195;&#8195;&#8195;&#8195;&#8195;&#8194;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$94,925</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$93,152</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"><B>Acquiring Fund (MYN)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>For the Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;&#8195;&#8195;&#8194;&#8195;&#8195;Administrative&nbsp;Services&nbsp;Fees&nbsp;Paid&#8195;&#8195;&#8195;&#8195;&#8195;&#8194;</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$[&#9679;]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$104,458</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;31, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">$102,591</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_14"></A>PORTFOLIO MANAGER INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_15"></A>Other Accounts Managed by the Portfolio Managers </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The tables below set forth information about the accounts, other than BNY, MHN and the Acquiring Fund, managed by the Funds&#146; portfolio
managers as of July&nbsp;31, 2025. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-25 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Times New Roman PS Std; font-size:10pt" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">

<TD WIDTH="82%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="13" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>BNY:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Number&nbsp;of&nbsp;Other&nbsp;Accounts&nbsp;Managed&nbsp;and</B></FONT><br><FONT
STYLE="font-family:Times New Roman; "><B>Assets by Account Type</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Number&nbsp;of&nbsp;Other&nbsp;Accounts&nbsp;and&nbsp;Assets</B></FONT><br><FONT
STYLE="font-family:Times New Roman; "><B>for Which Advisory Fee is</B></FONT><br><FONT STYLE="font-family:Times New Roman; "><B>Performance-Based</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Name&nbsp;of&nbsp;Portfolio&nbsp;Manager</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other</B></FONT><br><FONT STYLE="font-family:Times New Roman; "><B>Registered<BR>Investment<BR>Companies</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other Pooled<BR>Investment<BR>Vehicles</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Accounts</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Registered<BR>Investment<BR>Companies</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Pooled<BR>Investment<BR>Vehicles</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Accounts</B></FONT></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Walter O&#146;Connor, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Christian&nbsp;Romaglino, CFA&#8195;&#8194;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kevin Maloney, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Phillip Soccio, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael Kalinoski, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kristi Manidis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" COLSPAN="13"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="13" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>MHN:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Number&nbsp;of&nbsp;Other&nbsp;Accounts&nbsp;Managed&nbsp;and<BR>Assets by Account Type</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Number&nbsp;of&nbsp;Other&nbsp;Accounts&nbsp;and&nbsp;Assets<BR>for Which Advisory Fee
is<BR>Performance-Based</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Name of Portfolio Manager</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Registered<BR>Investment<BR>Companies</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other Pooled<BR>Investment<BR>Vehicles</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Accounts</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Registered<BR>Investment<BR>Companies</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Pooled<BR>Investment<BR>Vehicles</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Accounts</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Walter O&#146;Connor, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Christian&nbsp;Romaglino, CFA&#8195;&#8194;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kevin Maloney, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Phillip Soccio, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael Kalinoski, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kristi Manidis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-26 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Times New Roman PS Std; font-size:10pt" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">

<TD WIDTH="82%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="13" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Acquiring Fund (MYN):</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Number&nbsp;of&nbsp;Other&nbsp;Accounts&nbsp;Managed&nbsp;and<BR>Assets by Account Type</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Number&nbsp;of&nbsp;Other&nbsp;Accounts&nbsp;and&nbsp;Assets<BR>for Which Advisory Fee
is<BR>Performance-Based</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:9pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Name of Portfolio Manager</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Registered<BR>Investment<BR>Companies</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Pooled<BR>Investment<BR>Vehicles</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Accounts</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Registered<BR>Investment<BR>Companies</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Pooled<BR>Investment<BR>Vehicles</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Other<BR>Accounts</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Walter O&#146;Connor, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Christian&nbsp;Romaglino, CFA&#8195;&#8194;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kevin Maloney, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Phillip Soccio, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael Kalinoski, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kristi Manidis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_16"></A>Potential Material Conflicts of Interest </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock has built a professional working environment, firm-wide compliance culture and compliance procedures and systems designed to protect
against potential incentives that may favor one account over another. BlackRock has adopted policies and procedures that address the allocation of investment opportunities, execution of portfolio transactions, personal trading by employees and other
potential conflicts of interest that are designed to ensure that all client accounts are treated equitably over time. Nevertheless, BlackRock furnishes investment management and advisory services to numerous clients in addition to the Fund, and
BlackRock may, consistent with applicable law, make investment recommendations to other clients or accounts (including accounts which are hedge funds or have performance or higher fees paid to BlackRock, or in which portfolio managers have a
personal interest in the receipt of such fees), which may be the same as or different from those made to the Fund. In addition, BlackRock, Inc., its affiliates and significant shareholders and any officer, director, shareholder or employee may or
may not have an interest in the securities whose purchase and sale BlackRock recommends to the Fund. BlackRock, Inc., or any of its affiliates or significant shareholders, or any officer, director, shareholder, employee or any member of their
families may take different actions than those recommended to the Fund by BlackRock with respect to the same securities. Moreover, BlackRock may refrain from rendering any advice or services concerning securities of companies of which any of
BlackRock, Inc.&#146;s (or its affiliates&#146; or significant shareholders&#146;) officers, directors or employees are directors or officers, or companies as to which BlackRock, Inc. or any of its affiliates or significant shareholders or the
officers, directors and employees of any of them has any substantial economic interest or possesses material <FONT STYLE="white-space:nowrap">non-public</FONT> information. Certain portfolio managers also may manage accounts whose investment
strategies may at times be opposed to the strategy utilized for a fund. It should also be noted that a portfolio manager may be managing hedge fund and/or long only accounts, or may be part of a team managing hedge fund and/or long only accounts,
subject to incentive fees. Such portfolio managers may therefore be entitled to receive a portion of any incentive fees earned on such accounts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As a fiduciary, BlackRock owes a duty of loyalty to its clients and must treat each client fairly. When BlackRock purchases or sells
securities for more than one account, the trades must be allocated in a manner consistent with its fiduciary duties. BlackRock attempts to allocate investments in a fair and equitable manner among client accounts, with no account receiving
preferential treatment. To this end, BlackRock, Inc. has adopted policies that are intended to ensure reasonable efficiency in client transactions and provide BlackRock with sufficient flexibility to allocate investments in a manner that is
consistent with the particular investment discipline and client base, as appropriate. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-27 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_17"></A>Portfolio Manager Compensation Overview </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The discussion below describes the portfolio managers&#146; compensation as of each Fund&#146;s most recent fiscal year end. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock&#146;s financial arrangements with its portfolio managers, its competitive compensation and its career path emphasis at all levels
reflect the value senior management places on key resources. Compensation may include a variety of components and may vary from year to year based on a number of factors. The principal components of compensation include a base salary, a
performance-based discretionary bonus, participation in various benefits programs and one or more of the incentive compensation programs established by BlackRock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_18"></A>Base Compensation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Generally, portfolio managers receive base compensation based on their position with the firm. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_19"></A>Discretionary Incentive Compensation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Discretionary incentive compensation is a function of several components: the performance of BlackRock, Inc., the performance of the portfolio
manager&#146;s group within BlackRock, the investment performance, including risk-adjusted returns, of the firm&#146;s assets under management or supervision by that portfolio manager relative to predetermined benchmarks, and the individual&#146;s
performance and contribution to the overall performance of these portfolios and BlackRock. In most cases, these benchmarks are the same as the benchmark or benchmarks against which the performance of the Funds or other accounts managed by the
portfolio managers are measured. Among other things, BlackRock&#146;s Chief Investment Officers make a subjective determination with respect to each portfolio manager&#146;s compensation based on the performance of the Funds and other accounts
managed by each portfolio manager relative to the various benchmarks. Performance of fixed income funds is measured on a <FONT STYLE="white-space:nowrap">pre-tax</FONT> and/or <FONT STYLE="white-space:nowrap">after-tax</FONT> basis over various time
periods including <FONT STYLE="white-space:nowrap">1-,</FONT> <FONT STYLE="white-space:nowrap">3-</FONT> and <FONT STYLE="white-space:nowrap">5-</FONT> year periods, as applicable. With respect to these portfolio managers, such benchmarks for the
Fund and other accounts are: a combination of market-based indices (<I>e.g.</I>, Bloomberg Municipal Bond Index), certain customized indices and certain fund industry peer groups. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_20"></A>Distribution of Discretionary Incentive Compensation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Discretionary incentive compensation is distributed to portfolio managers in a combination of cash, deferred BlackRock, Inc. stock awards,
and/or deferred cash awards that notionally track the return of certain BlackRock investment products. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Portfolio managers receive their
annual discretionary incentive compensation in the form of cash. Portfolio managers whose total compensation is above a specified threshold also receive deferred BlackRock, Inc. stock awards annually as part of their discretionary incentive
compensation. Paying a portion of discretionary incentive compensation in the form of deferred BlackRock, Inc. stock puts compensation earned by a portfolio manager for a given year &#147;at risk&#148; based on BlackRock&#146;s ability to sustain
and improve its performance over future periods. In some cases, additional deferred BlackRock, Inc. stock may be granted to certain key employees as part of a long-term incentive award to aid in retention, align interests with long-term shareholders
and motivate performance. Deferred BlackRock, Inc. stock awards are generally granted in the form of BlackRock, Inc. restricted stock units that vest pursuant to the terms of the applicable plan and, once vested, settle in BlackRock, Inc. common
stock. The portfolio managers of these Funds have deferred BlackRock, Inc. stock awards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For certain portfolio managers, a portion of the
discretionary incentive compensation is also distributed in the form of deferred cash awards that notionally track the returns of select BlackRock investment products they manage, which provides direct alignment of portfolio manager discretionary
incentive compensation with investment product results. Deferred cash awards vest ratably over a number of years and, once vested, settle in the form of cash. Only portfolio managers who manage specified products and whose total compensation is
above a specified threshold are eligible to participate in the deferred cash award program. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-28 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_21"></A>Other Compensation Benefits </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition to base salary and discretionary incentive compensation, portfolio managers may be eligible to receive or participate in one or
more of the following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Incentive Savings Plans</I>&#151;BlackRock, Inc. has created a variety of incentive savings plans in which
BlackRock, Inc. employees are eligible to participate, including a 401(k) plan, the BlackRock Retirement Savings Plan (RSP), and the BlackRock Employee Stock Purchase Plan (ESPP). The employer contribution components of the RSP include a company
match equal to 50% of the first 8% of eligible pay contributed to the plan capped at $5,000 per year, and a company retirement contribution equal to <FONT STYLE="white-space:nowrap">3-5%</FONT> of eligible compensation up to the Internal Revenue
Service limit ($345,000 for 2024). The RSP offers a range of investment options, including registered investment companies and collective investment funds managed by the firm. BlackRock, Inc. contributions follow the investment direction set by
participants for their own contributions or, absent participant investment direction, are invested into a target date fund that corresponds to, or is closest to, the year in which the participant attains age 65. The ESPP allows for investment in
BlackRock, Inc. common stock at a 5% discount on the fair market value of the stock on the purchase date. Annual participation in the ESPP is limited to the purchase of 1,000 shares of common stock or a dollar value of $25,000 based on its fair
market value on the purchase date. All of the eligible portfolio managers are eligible to participate in these plans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Securities
Ownership of Portfolio Managers as of July&nbsp;31, 2025, each Fund&#146;s most recent fiscal year end </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Times New Roman PS Std; font-size:10pt" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">

<TD WIDTH="91%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&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;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&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;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&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;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Portfolio Manager</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Dollar&nbsp;Range&nbsp;of<BR>Equity<BR>Securities of<BR>BNY<BR>Beneficially<BR>Owned</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Dollar&nbsp;Range<BR>of Equity<BR>Securities of<BR>MHN<BR>Beneficially<BR>Owned</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Dollar Range of<BR>Equity&nbsp;Securities<BR>of the Acquiring<BR>Fund (MYN)<BR>Beneficially<BR>Owned</B></FONT></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Walter O&#146;Connor, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Christian Romaglino, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kevin Maloney, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Phillip Soccio, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael Kalinoski, CFA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kristi Manidis</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman; ">[&#9679;]</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_22"></A>PORTFOLIO TRANSACTIONS AND BROKERAGE ALLOCATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Subject to policies established by the Board, the Investment Advisor is primarily responsible for the execution of each Fund&#146;s portfolio
transactions and the allocation of brokerage. The Investment Advisor does not execute transactions through any particular broker or dealer, but seeks to obtain the best net results for each Fund, taking into account such factors as price (including
the applicable brokerage commission or dealer spread), size of order, difficulty of execution, operational facilities of the firm and the firm&#146;s risk and skill in positioning blocks of securities. While the Investment Advisor generally seeks
reasonable trade execution costs, the Funds do not necessarily pay the lowest spread or commission available, and payment of the lowest commission or spread is not necessarily consistent with obtaining the best price and execution in particular
transactions. Subject to applicable legal requirements, the Investment Advisor may select a broker based partly upon brokerage or research services provided to the Investment Advisor and its clients, including the Funds. In return for such services,
the Investment Advisor may cause the Funds to pay a higher commission than other brokers would charge if the Investment Advisor determines in good faith that the commission is reasonable in relation to the services provided. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In selecting brokers or dealers to execute portfolio transactions, the Investment Advisor seeks to obtain the best price and most favorable
execution for each Fund, taking into account a variety of factors including: (i)&nbsp;the size, nature and character of the security or instrument being traded and the markets in which it is purchased or sold; (ii)&nbsp;the desired
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-29 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
timing of the transaction; (iii)&nbsp;the Investment Advisor&#146;s knowledge of the expected commission rates and spreads currently available; (iv)&nbsp;the activity existing and expected in the
market for the particular security or instrument, including any anticipated execution difficulties; (v)&nbsp;the full range of brokerage services provided; (vi)&nbsp;the broker&#146;s or dealer&#146;s capital; (vii)&nbsp;the quality of research and
research services provided; (viii)&nbsp;the reasonableness of the commission, dealer spread or its equivalent for the specific transaction; and (ix)&nbsp;the Investment Advisor&#146;s knowledge of any actual or apparent operational problems of a
broker or dealer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;28(e) of the Exchange Act (&#147;Section&nbsp;28(e)&#148;) permits an investment adviser, under certain
circumstances, to cause an account to pay a broker or dealer a commission for effecting a transaction that exceeds the amount another broker or dealer would have charged for effecting the same transaction in recognition of the value of brokerage and
research services provided by that broker or dealer. This includes commissions paid on riskless principal transactions under certain conditions. Brokerage and research services include: (1)&nbsp;furnishing advice as to the value of securities,
including pricing and appraisal advice, credit analysis, risk measurement analysis, performance and other analysis, as well as the advisability of investing in, purchasing or selling securities, and the availability of securities or purchasers or
sellers of securities; (2)&nbsp;furnishing analyses and reports concerning issuers, industries, securities, economic factors and trends, portfolio strategy, and the performance of accounts; and (3)&nbsp;effecting securities transactions and
performing functions incidental to securities transactions (such as clearance, settlement, and custody). The Investment Advisor believes that access to independent investment research is beneficial to its investment decision-making processes and,
therefore, to the Funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Advisor may participate in client commission arrangements under which the Investment Advisor may
execute transactions through a broker-dealer and request that the broker-dealer allocate a portion of the commissions or commission credits to another firm that provides research to the Investment Advisor. The Investment Advisor believes that
research services obtained through soft dollar or commission sharing arrangements enhance its investment decision-making capabilities, thereby increasing the prospects for higher investment returns. The Investment Advisor will engage only in soft
dollar or commission sharing transactions that comply with the requirements of Section&nbsp;28(e). The Investment Advisor regularly evaluates the soft dollar products and services utilized, as well as the overall soft dollar and commission sharing
arrangements to ensure that trades are executed by firms that are regarded as best able to execute trades for client accounts, while at the same time providing access to the research and other services the Investment Advisor views as impactful to
its trading results. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Advisor may utilize soft dollars and related services, including research (whether prepared by the
broker-dealer or prepared by a third-party and provided to the Investment Advisor by the broker-dealer) and execution or brokerage services within applicable rules and the Investment Advisor&#146;s policies to the extent that such permitted services
do not compromise the Investment Advisor&#146;s ability to seek to obtain best execution. In this regard, the portfolio management investment and/or trading teams may consider a variety of factors, including the degree to which the broker-dealer:
(a)&nbsp;provides access to company management; (b)&nbsp;provides access to their analysts; (c)&nbsp;provides meaningful/insightful research notes on companies or other potential investments; (d)&nbsp;facilitates calls on which meaningful or
insightful ideas about companies or potential investments are discussed; (e)&nbsp;facilitates conferences at which meaningful or insightful ideas about companies or potential investments are discussed; or (f)&nbsp;provides research tools such as
market data, financial analysis, and other third-party related research and brokerage tools that aid in the investment process. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Research-oriented services for which the Investment Advisor might pay with fund commissions may be in written form or through direct contact
with individuals and may include information as to particular companies or industries and securities or groups of securities, as well as market, economic, or institutional advice and statistical information, political developments and technical
market information that assists in the valuation of investments. Except as noted immediately below, research services furnished by brokers may be used in servicing some or all client accounts and not all services may be used in connection with the
Funds or account that paid commissions to the broker providing such services. In some cases, research information received from brokers by investment company management personnel, or personnel principally responsible for the Investment
Advisor&#146;s individually managed portfolios, is not necessarily shared by and between such personnel. Any investment advisory or other fees paid by the Funds to the Investment Advisor are not reduced as a result of the Investment Advisor&#146;s
receipt of research services. In some cases, the Investment Advisor may receive a service from a broker that has both a &#147;research&#148; and a <FONT STYLE="white-space:nowrap">&#147;non-research&#148;</FONT> use. When this occurs the Investment
Advisor makes a good faith allocation, under all the circumstances, between the research and <FONT STYLE="white-space:nowrap">non-research</FONT> uses of the service. The percentage of the service that is used for research purposes may be paid for
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-30 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
with client commissions, while the Investment Advisor will use its own funds to pay for the percentage of the service that is used for <FONT STYLE="white-space:nowrap">non-research</FONT>
purposes. In making this good faith allocation, the Investment Advisor faces a potential conflict of interest, but the Investment Advisor believes that its allocation procedures are reasonably designed to ensure that it appropriately allocates the
anticipated use of such services to their research and <FONT STYLE="white-space:nowrap">non-research</FONT> uses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Payments of commissions
to brokers who are affiliated persons of the Funds will be made in accordance with Rule <FONT STYLE="white-space:nowrap">17e-1</FONT> under the 1940 Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">From time to time, the Funds may purchase new issues of securities in a fixed price offering. In these situations, the broker may be a member
of the selling group that will, in addition to selling securities, provide the Investment Advisor with research services. The Financial Industry Regulatory Authority, Inc. has adopted rules expressly permitting these types of arrangements under
certain circumstances. Generally, the broker will provide research &#147;credits&#148; in these situations at a rate that is higher than that available for typical secondary market transactions. These arrangements may not fall within the safe harbor
of Section&nbsp;28(e). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Advisor does not consider sales of shares of the investment companies it advises as a factor in the
selection of brokers or dealers to execute portfolio transactions for the Funds; however, whether or not a particular broker or dealer sells shares of the investment companies advised by the Investment Advisor neither qualifies nor disqualifies such
broker or dealer to execute transactions for those investment companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds anticipate that their brokerage transactions involving
foreign securities generally will be conducted primarily on the principal stock exchanges of the applicable country. Foreign equity securities may be held by the Funds in the form of depositary receipts, or other securities convertible into foreign
equity securities. Depositary receipts may be listed on stock exchanges, or traded in OTC markets in the United States or Europe, as the case may be. American Depositary Receipts, like other securities traded in the United States, will be subject to
negotiated commission rates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds may invest in certain securities traded in the OTC market and intends to deal directly with the
dealers who make a market in the particular securities, except in those circumstances in which better prices and execution are available elsewhere. Under the 1940 Act, persons affiliated with the Funds and persons who are affiliated with such
affiliated persons are prohibited from dealing with the Funds as principal in the purchase and sale of securities unless a permissive order allowing such transactions is obtained from the SEC. Since transactions in the OTC market usually involve
transactions with the dealers acting as principal for their own accounts, the Funds will not deal with affiliated persons in connection with such transactions. However, an affiliated person of the Funds may serve as its broker in OTC transactions
conducted on an agency basis <U>provided</U> that, among other things, the fee or commission received by such affiliated broker is reasonable and fair compared to the fee or commission received by
<FONT STYLE="white-space:nowrap">non-affiliated</FONT> brokers in connection with comparable transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">OTC issues, including most
fixed-income securities such as corporate debt and U.S. Government securities, are normally traded on a &#147;net&#148; basis without a stated commission, through dealers acting for their own account and not as brokers. The Funds will primarily
engage in transactions with these dealers or deal directly with the issuer unless a better price or execution could be obtained by using a broker. Prices paid to a dealer with respect to both foreign and domestic securities will generally include a
&#147;spread,&#148; which is the difference between the prices at which the dealer is willing to purchase and sell the specific security at the time, and includes the dealer&#146;s normal profit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Purchases of money market instruments by the Funds are made from dealers, underwriters and issuers. The Funds do not currently expect to incur
any brokerage commission expense on such transactions because money market instruments are generally traded on a &#147;net&#148; basis with dealers acting as principal for their own accounts without a stated commission. The price of the security,
however, usually includes a profit to the dealer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Securities purchased in underwritten offerings include a fixed amount of compensation
to the underwriter, generally referred to as the underwriter&#146;s concession or discount. When securities are purchased or sold directly from or to an issuer, no commissions or discounts are paid. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-31 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Investment Advisor may seek to obtain an undertaking from issuers of commercial paper or
dealers selling commercial paper to consider the repurchase of such securities from the Funds prior to maturity at their original cost plus interest (sometimes adjusted to reflect the actual maturity of the securities), if it believes that the
Funds&#146; respective anticipated need for liquidity makes such action desirable. Any such repurchase prior to maturity reduces the possibility that the Funds would incur a capital loss in liquidating commercial paper, especially if interest rates
have risen since acquisition of such commercial paper. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Investment decisions for the Funds and for other investment accounts managed by
the Investment Advisor are made independently of each other in light of differing conditions. The Investment Advisor allocates investments among client accounts in a fair and equitable manner. A variety of factors will be considered in making such
allocations. These factors include: (i)&nbsp;investment objectives or strategies for particular accounts, including sector, industry, country or region and capitalization weightings, (ii)&nbsp;tax considerations of an account, (iii)&nbsp;risk or
investment concentration parameters for an account, (iv)&nbsp;supply or demand for a security at a given price level, (v)&nbsp;size of available investment, (vi)&nbsp;cash availability and liquidity requirements for accounts, (vii)&nbsp;regulatory
restrictions, (viii)&nbsp;minimum investment size of an account, (ix)&nbsp;relative size of account, and (x)&nbsp;such other factors as may be approved by the Investment Advisor&#146;s general counsel. Moreover, investments may not be allocated to
one client account over another based on any of the following considerations: (i)&nbsp;to favor one client account at the expense of another, (ii)&nbsp;to generate higher fees paid by one client account over another or to produce greater performance
compensation to the Investment Advisor, (iii)&nbsp;to develop or enhance a relationship with a client or prospective client, (iv)&nbsp;to compensate a client for past services or benefits rendered to the Investment Advisor or to induce future
services or benefits to be rendered to the Investment Advisor, or (v)&nbsp;to manage or equalize investment performance among different client accounts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Equity securities will generally be allocated among client accounts within the same investment mandate on a pro rata basis. This <FONT
STYLE="white-space:nowrap">pro-rata</FONT> allocation may result in the Funds receiving less of a particular security than if <FONT STYLE="white-space:nowrap">pro-ration</FONT> had not occurred. All allocations of equity securities will be subject,
where relevant, to share minimums established for accounts and compliance constraints. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Initial public offerings of securities may be
over-subscribed and subsequently trade at a premium in the secondary market. When the Investment Advisor is given an opportunity to invest in such an initial offering or &#147;new&#148; or &#147;hot&#148; issue, the supply of securities available
for client accounts is often less than the amount of securities the accounts would otherwise take. In order to allocate these investments fairly and equitably among client accounts over time, each portfolio manager or a member of his or her
respective investment team will indicate to the Investment Advisor&#146;s trading desk their level of interest in a particular offering with respect to eligible client accounts for which that team is responsible. Initial public offerings of U.S.
equity securities will be identified as eligible for particular client accounts that are managed by portfolio teams who have indicated interest in the offering based on market capitalization of the issuer of the security and the investment mandate
of the client account and in the case of international equity securities, the country where the offering is taking place and the investment mandate of the client account. Generally, shares received during the initial public offering will be
allocated among participating client accounts within each investment mandate on a pro rata basis. In situations where supply is too limited to be allocated among all accounts for which the investment is eligible, portfolio managers may rotate such
investment opportunities among one or more accounts so long as the rotation system provides for fair access for all client accounts over time. Other allocation methodologies that are considered by the Investment Advisor to be fair and equitable to
clients may be used as well. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Because different accounts may have differing investment objectives and policies, the Investment Advisor may
buy and sell the same securities at the same time for different clients based on the particular investment objectives, guidelines and strategies of those accounts. For example, the Investment Advisor may decide that it may be entirely appropriate
for a growth fund to sell a security at the same time a value fund is buying that security. To the extent that transactions on behalf of more than one client of the Investment Advisor or its affiliates during the same period may increase the demand
for securities being purchased or the supply of securities being sold, there may be an adverse effect on price. For example, sales of a security by the Investment Advisor on behalf of one or more of its clients may decrease the market price of such
security, adversely impacting other of the Investment Advisor&#146;s clients that still hold the security. If purchases or sales of securities arise for consideration at or about the same time that would involve the Funds or other clients or funds
for which the Investment Advisor or an affiliate act as investment manager, transactions in such securities will be made, insofar as feasible, for the respective funds and clients in a manner deemed equitable to all. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-32 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In certain instances, the Investment Advisor may find it efficient for purposes of seeking
to obtain best execution, to aggregate or &#147;bunch&#148; certain contemporaneous purchases or sale orders of its advisory accounts. In general, all contemporaneous trades for client accounts under management by the same portfolio manager or
investment team will be bunched in a single order if the trader believes the bunched trade would provide each client with an opportunity to achieve a more favorable execution at a potentially lower execution cost. The costs associated with a bunched
order will be shared pro rata among the clients in the bunched order. Generally, if an order for a particular portfolio manager or management team is filled at several different prices through multiple trades, all accounts participating in the order
will receive the average price except in the case of certain international markets where average pricing is not permitted. While in some cases this practice could have a detrimental effect upon the price or value of the security as far as the Funds
are concerned, in other cases it could be beneficial to the Funds. Transactions effected by the Investment Advisor on behalf of more than one of its clients during the same period may increase the demand for securities being purchased or the supply
of securities being sold, causing an adverse effect on price. The trader will give the bunched order to the broker dealer that the trader has identified as being able to provide the best execution of the order. Orders for purchase or sale of
securities will be placed within a reasonable amount of time of the order receipt and bunched orders will be kept bunched only long enough to execute the order. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Funds will not purchase securities during the existence of any underwriting or selling group relating to such securities of which the
Investment Advisor or any affiliated person (as defined in the 1940 Act) thereof is a member except pursuant to procedures adopted by the Board in accordance with Rule <FONT STYLE="white-space:nowrap">10f-3</FONT> under the 1940 Act. In no instance
will portfolio securities be purchased from or sold to the Investment Advisor or any affiliated person of the foregoing entities except as permitted by SEC exemptive order or by applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While the Funds generally do not expect to engage in trading for short-term gains, they will effect portfolio transactions without regard to
any holding period if, in the Investment Advisor&#146;s judgment, such transactions are advisable in light of a change in circumstances of a particular company or within a particular industry or in general market, economic or financial conditions.
The portfolio turnover rate is calculated by dividing the lesser of each Fund&#146;s annual sales or purchases of portfolio securities (exclusive of purchases or sales of U.S. Government securities and all other securities whose maturities at the
time of acquisition were one year or less) by the monthly average value of the securities in the portfolio during the year. A high rate of portfolio turnover results in certain tax consequences, such as increased capital gain dividends and/or
ordinary income dividends, and in correspondingly greater transaction costs in the form of dealer spreads and brokerage commissions, which are borne directly by the Funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Information about the brokerage commissions paid by each Fund, including commissions paid to affiliated broker-dealers, is set forth in the
following tables. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Times New Roman PS Std; font-size:10pt" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">

<TD WIDTH="92%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; "><B>BNY</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>For the Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Aggregate&nbsp;Brokerage<BR>Commissions Paid</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Commissions&nbsp;Paid&nbsp;to<BR>Affiliates</B></FONT></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">July&nbsp;31, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">July&nbsp;31, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">July&nbsp;31, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; "><B>MHN</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>For the Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Aggregate Brokerage<BR>Commissions Paid</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Commissions Paid to<BR>Affiliates</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">July&nbsp;31, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">July&nbsp;31, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">July&nbsp;31, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-33 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Def.-Times New Roman PS Std; font-size:10pt" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">

<TD WIDTH="92%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap >&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; "><B>Acquiring Fund (MYN)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>For the Fiscal Year Ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Aggregate&nbsp;Brokerage<BR>Commissions Paid</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="font-family:Times New Roman; "><B>Commissions&nbsp;Paid&nbsp;to<BR>Affiliates</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">July&nbsp;31, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">July&nbsp;31, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Def.-Times New Roman PS Std; font-size:10pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">July&nbsp;31, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman; ">&#8201;$&#8195;&#8195;&#8195;&#8195;&nbsp;[&#9679;]</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">[Each of the Acquiring Fund, BNY and MHN held no securities of its regular brokers or dealers (as defined in
Rule <FONT STYLE="white-space:nowrap">10b-1</FONT> under the 1940 Act) during the fiscal year ended July&nbsp;
31, 2025.] </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_23"></A>CONFLICTS OF INTEREST </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Certain activities of BlackRock, Inc., BlackRock Advisors, LLC, BlackRock Fund Advisors and the other subsidiaries of BlackRock, Inc.
(collectively referred to in this section as &#147;BlackRock&#148;) and their respective directors, officers or employees, with respect to each Fund and/or other accounts managed by BlackRock, may give rise to actual or perceived conflicts of
interest such as those described below. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock is one of the world&#146;s largest asset management firms. BlackRock, its
subsidiaries and their respective directors, officers and employees, including the business units or entities and personnel who may be involved in the investment activities and business operations of a Fund, are engaged worldwide in businesses,
including managing equities, fixed income securities, cash and alternative investments, and other financial services, and have interests other than that of managing a Fund. These are considerations of which investors in a Fund should be aware, and
which may cause conflicts of interest that could disadvantage a Fund and its shareholders. These businesses and interests include potential multiple advisory, transactional, financial and other relationships with, or interests in companies and
interests in securities or other instruments that may be purchased or sold by a Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock may have proprietary interests in, and
may manage or advise with respect to, accounts or funds (including separate accounts and other funds and collective investment vehicles) that have investment objectives identical or similar to those of the Funds and/or that engage in transactions in
the same types of securities, currencies and instruments as the Funds. Such other funds or accounts may offer exposure to strategies that are identical or substantially similar to those of the Funds but with different fees and expenses, governance
and structures, and/or services provided by BlackRock. BlackRock is also a major participant in the global currency, equities, swap and fixed income markets, in each case, for the accounts of clients and, in some cases, on a proprietary basis. As
such, BlackRock is or may be actively engaged in transactions in the same securities, currencies, and instruments in which each Fund invests. Such activities could affect the prices and availability of the securities, currencies, and instruments in
which each Fund invests, which could have an adverse impact on a Fund&#146;s performance. Such transactions, particularly in respect of most proprietary accounts or client accounts, will be executed independently of a Fund&#146;s transactions and
thus at prices or rates that may be more or less favorable than those obtained by such Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition, the portfolio holdings of
certain BlackRock-advised investment vehicles managed in an identical or substantially similar manner as certain funds are made publicly available on a more timely basis than the applicable Fund. In some cases, such portfolio holdings are made
publicly available on a daily basis. While not expected, it is possible that a recipient of portfolio holdings information for such an investment vehicle could cause harm to the Fund that is managed in an identical or substantially similar manner,
including by trading ahead of or against such Fund based on the information received. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When BlackRock seeks to purchase or sell the same
assets for client accounts, including the Funds, the assets actually purchased or sold may be allocated among the accounts on a basis determined in its good faith discretion to be equitable. In some cases, this system may adversely affect the size
or price of the assets purchased or sold for a Fund. In addition, transactions in investments by one or more other accounts managed by BlackRock may have the effect of diluting or otherwise disadvantaging the values, prices or investment strategies
of a Fund, particularly, but not limited to, with respect to small capitalization, emerging market or less liquid strategies. This may occur with respect to BlackRock-advised accounts when investment decisions regarding a Fund are based on research
or other information that is also used to support decisions for other accounts. When BlackRock implements a portfolio decision or strategy on behalf of another account ahead of, or contemporaneously with, similar decisions or strategies for a Fund,
market impact, liquidity constraints, or other factors could result in a Fund receiving less favorable trading results and the costs of implementing such decisions or strategies could be increased or a Fund could otherwise be disadvantaged.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-34 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
BlackRock may, in certain cases, elect to implement internal policies and procedures designed to limit such consequences, which may cause a Fund to be unable to engage in certain activities,
including purchasing or disposing of securities, when it might otherwise be desirable for it to do so. Conflicts may also arise because portfolio decisions regarding a Fund may benefit other accounts managed by BlackRock. For example, the sale of a
long position or establishment of a short position by a Fund may impair the price of the same security sold short by (and therefore benefit) BlackRock or its other accounts or funds, and the purchase of a security or covering of a short position in
a security by a Fund may increase the price of the same security held by (and therefore benefit) BlackRock or its other accounts or funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock, on behalf of other client accounts, on the one hand, and a Fund, on the other hand, may invest in or extend credit to different
parts of the capital structure of a single issuer. BlackRock may pursue rights, provide advice or engage in other activities, or refrain from pursuing rights, providing advice or engaging in other activities, on behalf of other clients with respect
to an issuer in which a Fund has invested, and such actions (or refraining from action) may have a material adverse effect on a Fund. In situations in which clients of BlackRock (including a Fund) hold positions in multiple parts of the capital
structure of an issuer, BlackRock may not pursue certain actions or remedies that may be available to a Fund, as a result of legal and regulatory requirements or otherwise. BlackRock addresses these and other potential conflicts of interest based on
the facts and circumstances of particular situations. For example, BlackRock may determine to rely on information barriers between different business units or portfolio management teams. BlackRock may also determine to rely on the actions of
similarly situated holders of loans or securities rather than, or in connection with, taking such actions itself on behalf of a Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In
addition, to the extent permitted by applicable law, a Fund may invest its assets in other funds advised by BlackRock, including funds that are managed by one or more of the same portfolio managers, which could result in conflicts of interest
relating to asset allocation, timing of Fund purchases and redemptions, and increased remuneration and profitability for BlackRock and/or its personnel, including portfolio managers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Third parties, including service providers to BlackRock or a Fund, may sponsor events (including, but not limited to, marketing and
promotional activities and presentations, educational training programs and conferences) for registered representatives, other professionals and individual investors. There is a potential conflict of interest as such sponsorships may defray the
costs of such activities to BlackRock, and may provide an incentive to BlackRock to retain such third parties to provide services to a Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In certain circumstances, BlackRock, on behalf of a Fund, may seek to buy from or sell securities to another fund or account advised by
BlackRock. BlackRock may (but is not required to) effect purchases and sales between BlackRock clients (&#147;cross trades&#148;), including such Fund, if BlackRock believes such transactions are appropriate based on each party&#146;s investment
objectives and guidelines, subject to applicable law and regulation. There may be potential conflicts of interest or regulatory issues relating to these transactions which could limit BlackRock&#146;s decision to engage in these transactions for a
Fund. BlackRock may have a potentially conflicting division of loyalties and responsibilities to the parties in such transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock and its clients may pursue or enforce rights with respect to an issuer in which a Fund has invested, and those activities may have
an adverse effect on such Fund. As a result, prices, availability, liquidity and terms of a Fund&#146;s investments may be negatively impacted by the activities of BlackRock or its clients, and transactions for a Fund may be impaired or effected at
prices or terms that may be less favorable than would otherwise have been the case. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The results of a Fund&#146;s investment activities
may differ significantly from the results achieved by BlackRock for its proprietary accounts or other accounts (including investment companies or collective investment vehicles) that it manages or advises. It is possible that one or more accounts
managed or advised by BlackRock and such other accounts will achieve investment results that are substantially more or less favorable than the results achieved by a Fund. Moreover, it is possible that a Fund will sustain losses during periods in
which one or more proprietary or other accounts managed or advised by BlackRock achieve significant profits. The opposite result is also possible. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">From time to time, a Fund may be restricted from purchasing or selling securities, or from engaging in other investment activities because of
regulatory, legal or contractual requirements applicable to BlackRock or other accounts managed or advised by BlackRock, and/or the internal policies of BlackRock designed to comply with such requirements. As a
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-35 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
result, there may be periods, for example, when BlackRock will not initiate or recommend certain types of transactions in certain securities or instruments with respect to which BlackRock is
performing services or when position limits have been reached. For example, the investment activities of BlackRock for its proprietary accounts and accounts under its management may limit the investment opportunities for a Fund in certain emerging
and other markets in which limitations are imposed upon the amount of investment, in the aggregate or in individual issuers, by affiliated foreign investors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with its management of a Fund, BlackRock may have access to certain fundamental analysis and proprietary technical models
developed by BlackRock. BlackRock will not be under any obligation, however, to effect transactions on behalf of a Fund in accordance with such analysis and models. In addition, BlackRock will not have any obligation to make available any
information regarding its proprietary activities or strategies, or the activities or strategies used for other accounts managed by them, for the benefit of the management of a Fund and it is not anticipated that BlackRock will have access to such
information for the purpose of managing such Fund. The proprietary activities or portfolio strategies of BlackRock, or the activities or strategies used for accounts managed by BlackRock or other client accounts could conflict with the transactions
and strategies employed by BlackRock in managing a Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A Fund may be included in investment models developed by BlackRock for use by
clients and financial advisors. To the extent clients invest in these investment models and increase the assets under management of a Fund, the investment management fee amounts paid by a Fund to BlackRock may also increase. The net asset value and
liquidity of the Fund may be impacted by purchases and sales of a Fund by model-driven investment portfolios, as well as by BlackRock itself and by its advisory clients. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition, certain principals and certain employees of the Investment Advisor are also principals or employees of other business units or
entities within BlackRock. As a result, these principals and employees may have obligations to such other business units or entities or their clients and such obligations to other business units or entities or their clients may be a consideration of
which investors in a Fund should be aware. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock may enter into transactions and invest in securities, instruments and currencies on
behalf of a Fund in which clients of BlackRock, or, to the extent permitted by the SEC and applicable law, BlackRock, serves as the counterparty, principal or issuer. In such cases, such party&#146;s interests in the transaction will be adverse to
the interests of a Fund, and such party may have no incentive to assure that such Fund obtains the best possible prices or terms in connection with the transactions. In addition, the purchase, holding and sale of such investments by a Fund may
enhance the profitability of BlackRock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock may also create, write or issue derivatives for its clients, the underlying securities,
currencies or instruments of which may be those in which a Fund invests or which may be based on the performance of such Fund. Additionally, an affiliate of BlackRock will create, write or issue options, which may be based on the performance of
certain BlackRock-advised funds. BlackRock has entered into an arrangement with Markit Indices Limited, the index provider for underlying fixed-income indexes used by certain iShares ETFs, related to derivative fixed-income products that are based
on such iShares ETFs. Trading activity in these derivative products could also potentially lead to greater liquidity for such products, increased purchase activity with respect to these iShares ETFs and increased assets under management for
BlackRock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A Fund may, subject to applicable law, purchase investments that are the subject of an underwriting or other distribution by
BlackRock and may also enter into transactions with other clients of BlackRock where such other clients have interests adverse to those of such Fund. At times, these activities may cause business units or entities within BlackRock to give advice to
clients that may cause these clients to take actions adverse to the interests of such Fund. To the extent such transactions are permitted, such Fund will deal with BlackRock on an arms-length basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent authorized by applicable law, BlackRock may act as broker, dealer, agent, lender or adviser or in other commercial capacities
for a Fund. It is anticipated that the commissions, <FONT STYLE="white-space:nowrap">mark-ups,</FONT> mark-downs, financial advisory fees, underwriting and placement fees, sales fees, financing and commitment fees, brokerage fees, other fees,
compensation or profits, rates, terms and conditions charged by BlackRock will be in its view commercially reasonable, although BlackRock, including its sales personnel, will have an interest in obtaining fees and other amounts that are favorable to
BlackRock and such sales personnel, which may have an adverse effect on a Fund. Index </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-36 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
based funds may use an index provider that is affiliated with another service provider of a Fund or BlackRock that acts as a broker, dealer, agent, lender or in other commercial capacities for a
Fund or BlackRock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Subject to applicable law, BlackRock (and its personnel and other distributors) will be entitled to retain fees and
other amounts that they receive in connection with their service to a Fund as broker, dealer, agent, lender, adviser or in other commercial capacities. No accounting to a Fund or its shareholders will be required, and no fees or other compensation
payable by a Fund or its shareholders will be reduced by reason of receipt by BlackRock of any such fees or other amounts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When BlackRock
acts as broker, dealer, agent, adviser or in other commercial capacities in relation to a Fund, BlackRock may take commercial steps in its own interests, which may have an adverse effect on such Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A Fund will be required to establish business relationships with its counterparties based on such Fund&#146;s own credit standing. BlackRock
will not have any obligation to allow its credit to be used in connection with a Fund&#146;s establishment of its business relationships, nor is it expected that a Fund&#146;s counterparties will rely on the credit of BlackRock in evaluating such
Fund&#146;s creditworthiness. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock Investment Management, LLC, (&#147;BIM&#148;) or BlackRock Institutional Trust Company, N.A.
(&#147;BTC&#148;), as applicable, each an affiliate of BlackRock, pursuant to SEC exemptive relief, acts as securities lending agent to, and receives a share of securities lending revenues from, a Fund. BlackRock will also receive compensation for
managing the reinvestment of the cash collateral from securities lending. There are potential conflicts of interests in managing a securities lending program, including but not limited to: (i)&nbsp;BlackRock as securities lending agent may have an
incentive to, among other things, increase or decrease the amount of securities on loan or to lend particular securities in order to generate additional risk-adjusted revenue for BlackRock and its affiliates; and (ii)&nbsp;BlackRock as securities
lending agent may have an incentive to allocate loans to clients that would provide more revenue to BlackRock. As described further below, BlackRock seeks to mitigate this conflict by providing its securities lending clients with equal lending
opportunities over time in order to approximate pro rata allocation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As part of its securities lending program, BlackRock indemnifies the
Funds and certain other clients and/or funds against a shortfall in collateral in the event of borrower default. On a regular basis, BlackRock calculates the potential dollar exposure of collateral shortfall resulting from a borrower default
(&#147;<U>shortfall risk</U>&#148;) in the securities lending program. BlackRock establishes program-wide borrower limits (&#147;<U>credit limits</U>&#148;) to actively manage borrower-specific credit exposure. BlackRock oversees the risk model that
calculates projected collateral shortfall values using loan-level factors such as loan and collateral type and market value as well as specific borrower credit characteristics. When necessary, BlackRock may adjust securities lending program
attributes by restricting eligible collateral or reducing borrower credit limits. As a result, the management of program-wide exposure as well as BlackRock-specific indemnification exposure may affect the amount of securities lending activity
BlackRock may conduct at any given point in time by reducing the volume of lending opportunities for certain loans (including by asset type, collateral type and/or revenue profile). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock may decline to make a securities loan on behalf of the Fund, discontinue lending on behalf of the Fund or terminate a securities
loan on behalf of the Fund for any reason, including but not limited to regulatory requirements and/or market rules, liquidity considerations, or credit considerations, which may impact the Fund by reducing or eliminating the volume of lending
opportunities for certain types of loans, loans in particular markets, loans of particular securities or types of securities, or for loans overall. In addition, some borrowers may prefer certain BlackRock lenders that provide additional protections
against lender default that are favored by their prudential regulation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock uses a predetermined systematic process in order to
approximate pro rata allocation over time. In order to allocate a loan to a portfolio: (i)&nbsp;BlackRock as a whole must have sufficient lending capacity pursuant to the various program limits (i.e., indemnification exposure limit and borrower
credit limits); (ii) the lending portfolio must hold the asset at the time a loan opportunity arrives; and (iii)&nbsp;the lending portfolio must also have enough inventory, either on its own or when aggregated with other portfolios into one single
market delivery, to satisfy the loan request. In doing so, BlackRock seeks to provide equal lending opportunities for all portfolios, independent of whether BlackRock indemnifies the portfolio. Equal opportunities for lending portfolios do not
guarantee equal outcomes. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-37 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Specifically, short and long-term outcomes for individual clients may vary due to asset mix, asset/liability spreads on different securities, and the overall limits imposed by the firm. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Purchases and sales of securities and other assets for a Fund may be bunched or aggregated with orders for other BlackRock client accounts,
including with accounts that pay different transaction costs solely due to the fact that they have different research payment arrangements. BlackRock, however, is not required to bunch or aggregate orders if portfolio management decisions for
different accounts are made separately, or if they determine that bunching or aggregating is not practicable or required, or in cases involving client direction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Prevailing trading activity frequently may make impossible the receipt of the same price or execution on the entire volume of securities
purchased or sold. When this occurs, the various prices may be averaged, and a Fund will be charged or credited with the average price. Thus, the effect of the aggregation may operate on some occasions to the disadvantage of a Fund. In addition,
under certain circumstances, a Fund will not be charged the same commission or commission equivalent rates in connection with a bunched or aggregated order. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As discussed in the section entitled &#147;Portfolio Transactions and Brokerage Allocation&#148; in this Statement of Additional Information,
BlackRock, unless prohibited by applicable law, may cause a Fund or account to pay a broker or dealer a commission for effecting a transaction that exceeds the amount another broker or dealer would have charged for effecting the same transaction in
recognition of the value of brokerage and research services provided by that broker or dealer. Under MiFID II, EU investment managers, including BlackRock International Limited, pay for research from brokers and dealers directly out of their own
resources, rather than through client commissions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Subject to applicable law, BlackRock may select brokers that furnish BlackRock, a
Fund, other BlackRock client accounts or personnel, directly or through correspondent relationships, with research or other appropriate services which provide, in BlackRock&#146;s view, appropriate assistance to BlackRock in the investment
decision-making process (including with respect to futures, fixed-price offerings and OTC transactions). Such research or other services may include, to the extent permitted by law, research reports on companies, industries and securities; economic
and financial data; financial publications; proxy analysis; trade industry seminars; computer data bases; research-oriented software and other services and products. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Research or other services obtained in this manner may be used in servicing any or all of a Fund and other BlackRock client accounts,
including in connection with BlackRock client accounts other than those that pay commissions to the broker relating to the research or other service arrangements. Such products and services may disproportionately benefit other BlackRock client
accounts relative to a Fund based on the amount of brokerage commissions paid by such Fund and such other BlackRock client accounts. For example, research or other services that are paid for through one client&#146;s commissions may not be used in
managing that client&#146;s account. In addition, other BlackRock client accounts may receive the benefit, including disproportionate benefits, of economies of scale or price discounts in connection with products and services that may be provided to
a Fund and to such other BlackRock client accounts. To the extent that BlackRock uses soft dollars, it will not have to pay for those products and services itself. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock, unless prohibited by applicable law, may endeavor to execute trades through brokers who, pursuant to such arrangements, provide
research or other services in order to ensure the continued receipt of research or other services BlackRock believes are useful in its investment decision-making process. BlackRock may from time to time choose not to engage in the above-described
arrangements to varying degrees. BlackRock, unless prohibited by applicable law, may also enter into commission sharing arrangements under which BlackRock may execute transactions through a broker-dealer and request that the broker-dealer allocate a
portion of the commissions or commission credits to another firm that provides research to BlackRock. To the extent that BlackRock engages in commission sharing arrangements, many of the same conflicts related to traditional soft dollars may exist.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock may utilize certain electronic crossing networks (&#147;ECNs&#148;) (including, without limitation, ECNs in which BlackRock has
an investment or other interest, to the extent permitted by applicable law) in executing client securities transactions for certain types of securities. These ECNs may charge fees for their services, including access fees and transaction fees. The
transaction fees, which are similar to commissions or markups/markdowns, will generally be charged to clients and, like commissions and markups/markdowns, would generally be included in the cost of the securities purchased. Access fees may be paid
by BlackRock even though incurred in connection with executing transactions on behalf of clients, including a Fund. In certain circumstances, ECNs may offer volume discounts that </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-38 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
will reduce the access fees typically paid by BlackRock. BlackRock will only utilize ECNs consistent with its obligation to seek to obtain best execution in client transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock owns a minority interest in, and is a member of, Members Exchange (&#147;MEMX&#148;), a newly created U.S. stock exchange.
Transactions for a Fund may be executed on MEMX if third party brokers select MEMX as the appropriate venue for execution of orders placed by BlackRock traders on behalf of client portfolios. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock has adopted policies and procedures designed to prevent conflicts of interest from influencing proxy voting decisions that it makes
on behalf of advisory clients, including a Fund, and to help ensure that such decisions are made in accordance with BlackRock&#146;s fiduciary obligations to its clients. Nevertheless, notwithstanding such proxy voting policies and procedures,
actual proxy voting decisions of BlackRock may have the effect of favoring the interests of other clients or businesses of other divisions or units of BlackRock, provided that BlackRock believes such voting decisions to be in accordance with its
fiduciary obligations. For a more detailed discussion of these policies and procedures, see <U>Appendix B</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">It is also possible that,
from time to time, BlackRock and/or its advisory clients (including other funds and separately managed accounts) may, subject to compliance with applicable law, purchase and hold shares of a Fund. Increasing such Fund&#146;s assets may enhance
investment flexibility and diversification and may contribute to economies of scale that tend to reduce a Fund&#146;s expense ratio. BlackRock reserves the right, subject to compliance with applicable law, to redeem at any time some or all of the
shares of a Fund acquired for its own accounts. A large redemption of shares of a Fund by BlackRock could significantly reduce the asset size of such Fund, which might have an adverse effect on a Fund&#146;s investment flexibility, portfolio
diversification and expense ratio. BlackRock seeks to consider the effect of redemptions on a Fund and other shareholders in deciding whether to redeem its shares but is not obligated to do so and may elect not to do so. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">It is possible that a Fund may invest in securities of, or engage in transactions with, companies in which BlackRock has significant debt or
equity investments or other interests. A Fund may also invest in issuances (such as structured notes) by entities for which BlackRock provides and is compensated for cash management services relating to the proceeds from the sale of such issuances.
In making investment decisions for a Fund, BlackRock is not permitted to obtain or use material <FONT STYLE="white-space:nowrap">non-public</FONT> information acquired by any unit of BlackRock, in the course of these activities. In addition, from
time to time, the activities of BlackRock may limit a Fund&#146;s flexibility in purchases and sales of securities. As indicated below, BlackRock may engage in transactions with companies in which BlackRock-advised funds or other clients of
BlackRock have an investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock and its personnel and other financial service providers may have interests in promoting sales of
a Fund. With respect to BlackRock and its personnel, the remuneration and profitability relating to services to and sales of a Fund or other products may be greater than remuneration and profitability relating to services to and sales of certain
funds or other products that might be provided or offered. BlackRock and its sales personnel may directly or indirectly receive a portion of the fees and commissions charged to a Fund or their shareholders. BlackRock and its advisory or other
personnel may also benefit from increased amounts of assets under management. Fees and commissions may also be higher than for other products or services, and the remuneration and profitability to BlackRock and such personnel resulting from
transactions on behalf of or management of a Fund may be greater than the remuneration and profitability resulting from other funds or products. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock may provide valuation assistance to certain clients with respect to certain securities or other investments and the valuation
recommendations made for such clients&#146; accounts may differ from the valuations for the same securities or investments assigned by a Fund&#146;s pricing vendors, especially if such valuations are based on broker-dealer quotes or other data
sources unavailable to a Fund&#146;s pricing vendors. While BlackRock will generally communicate its valuation information or determinations to a Fund&#146;s pricing vendors and/or fund accountants, there may be instances where a Fund&#146;s pricing
vendors or fund accountants assign a different valuation to a security or other investment than the valuation for such security or investment determined or recommended by BlackRock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When market quotations are not readily available or are believed by BlackRock to be unreliable, the Fund&#146;s investments are valued at fair
value by BlackRock. BlackRock has been designated as a Fund&#146;s valuation designee pursuant to Rule <FONT STYLE="white-space:nowrap">2a-5</FONT> under the 1940 Act and acts through BlackRock&#146;s Rule
<FONT STYLE="white-space:nowrap">2a-5</FONT> Committee (the <FONT STYLE="white-space:nowrap">&#147;2a-5</FONT> Committee&#148;), with assistance from other BlackRock pricing committees and in accordance with BlackRock&#146;s policies and
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-39 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
procedures (the &#147;Valuation Procedures&#148;). When determining a &#147;fair value price,&#148; the <FONT STYLE="white-space:nowrap">2a-5</FONT> Committee seeks to determine the price that a
Fund might reasonably expect to receive from the current sale of that asset or liability in an <FONT STYLE="white-space:nowrap">arm&#146;s-length</FONT> transaction. The price generally may not be determined based on what a Fund might reasonably
expect to receive for selling an asset or liability at a later time or if it holds the asset or liability to maturity. While fair value determinations will be based upon all available factors that BlackRock deems relevant at the time of the
determination, and may be based on analytical values determined by BlackRock using proprietary or third party valuation models, fair value represents only a good faith approximation of the value of an asset or liability. The fair value of one or
more assets or liabilities may not, in retrospect, be the price at which those assets or liabilities could have been sold during the period in which the particular fair values were used in determining a Fund&#146;s NAV. As a result, a Fund&#146;s
sale or redemption of its shares at NAV, at a time when a holding or holdings are valued by the <FONT STYLE="white-space:nowrap">2a-5</FONT> Committee at fair value, may have the effect of diluting or increasing the economic interest of existing
shareholders and may affect the amount of revenue received by BlackRock with respect to services for which it receives an asset-based fee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To the extent permitted by applicable law, a Fund may invest all or some of its short term cash investments in any money market fund or
similarly-managed private fund advised or managed by BlackRock. In connection with any such investments, a Fund, to the extent permitted by the 1940 Act, may pay its share of expenses of a money market fund or other similarly-managed private fund in
which it invests, which may result in a Fund bearing some additional expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock and its directors, officers and employees, may
buy and sell securities or other investments for their own accounts and may have conflicts of interest with respect to investments made on behalf of a Fund. As a result of differing trading and investment strategies or constraints, positions may be
taken by directors, officers and employees of BlackRock that are the same, different from or made at different times than positions taken for a Fund. To lessen the possibility that a Fund will be adversely affected by this personal trading, a Fund
and BlackRock each have adopted a Code of Ethics in compliance with Section&nbsp;17(j) of the 1940 Act that restricts securities trading in the personal accounts of investment professionals and others who normally come into possession of information
regarding a Fund&#146;s portfolio transactions. Each Code of Ethics is also available on the EDGAR Database on the SEC&#146;s Internet site at http://www.sec.gov, and copies may be obtained, after paying a duplicating fee, by <FONT
STYLE="white-space:nowrap">e-mail</FONT> at publicinfo@sec.gov. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock will not purchase securities or other property from, or sell
securities or other property to, a Fund, except that such Fund may in accordance with rules or guidance adopted under the 1940 Act engage in transactions with another fund or accounts that are affiliated with a Fund as a result of common officers,
directors, or investment advisers or pursuant to exemptive orders granted to such Fund and/or BlackRock by the Commission. These transactions would be effected in circumstances in which BlackRock determined that it would be appropriate for a Fund to
purchase and another client of BlackRock to sell, or such Fund to sell and another client of BlackRock to purchase, the same security or instrument on the same day. From time to time, the activities of a Fund may be restricted because of regulatory
requirements applicable to BlackRock and/or BlackRock&#146;s internal policies designed to comply with, limit the applicability of, or otherwise relate to such requirements. A client not advised by BlackRock would not be subject to some of those
considerations. There may be periods when BlackRock may not initiate or recommend certain types of transactions, or may otherwise restrict or limit its advice in certain securities or instruments issued by or related to companies for which BlackRock
is performing advisory or other services or has proprietary positions. For example, when BlackRock is engaged to provide advisory or risk management services for a company, BlackRock may be prohibited from or limited in purchasing or selling
securities of that company on behalf of a Fund, particularly where such services result in BlackRock obtaining material <FONT STYLE="white-space:nowrap">non-public</FONT> information about the company (<I>e.g.</I>, in connection with participation
in a creditors&#146; committee). Similar situations could arise if personnel of BlackRock serve as directors of companies the securities of which a Fund wishes to purchase or sell. However, if permitted by applicable law, and where consistent with
BlackRock&#146;s policies and procedures (including the necessary implementation of appropriate information barriers), a Fund may purchase securities or instruments that are issued by such companies, are the subject of an advisory or risk management
assignment by BlackRock, or where personnel of BlackRock are directors or officers of the issuer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock has adopted and implemented
policies and procedures that are designed to address potential conflicts that arise in connection with the advisory services BlackRock provides to a Fund and other clients. Certain BlackRock advisory personnel may take views, and make decisions or
recommendations, that are different than or opposite those of other BlackRock advisory personnel. Certain portfolio management teams within BlackRock may make decisions or take (or refrain from taking) actions with respect to clients they advise in
a manner different than or adverse to the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-40 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
decisions made or the actions taken (or not taken) by a Fund&#146;s portfolio management teams. The various portfolio management teams may not share information with each other, including as a
result of certain information barriers and other policies, and will not have any obligation or other duty to do so. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock has
established certain information barriers and other policies to address the sharing of information between different businesses within BlackRock, including with respect to personnel responsible with managing portfolios and voting proxies with respect
to certain index equity portfolios versus those responsible for managing portfolios and voting proxies with respect to all other portfolios. As a result of information barriers, certain units of BlackRock generally will not have access, or will have
limited access, to certain information and personnel, including senior personnel, in other units of BlackRock, and generally will not manage a Fund with the benefit of information possessed by such other units. Therefore, BlackRock may not be able
to review potential investments for a Fund with the benefit of information held by certain areas of BlackRock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock may determine to
move certain personnel, businesses, or business units from one side of an information barrier to the other side of the information barrier. In connection therewith, BlackRock personnel, businesses, and business units that were moved will no longer
have access to the information and personnel from the side of the information barrier from which they were moved. Information obtained in connection with such changes to information barriers may limit or restrict the ability of BlackRock to engage
in or otherwise effect transactions on behalf of a Fund (including purchasing or selling securities that BlackRock may otherwise have purchased or sold for a client in the absence of a change to an information barrier). Information barriers may not
have their intended impact due to, for example, changes in applicable law or inadvertent crossings of the barriers, and actions by personnel on one side of a barrier may impact the potential actions of personnel on the other side of a barrier. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Although the information barriers are intended to allow for independent portfolio management decision-making and proxy voting among certain
BlackRock businesses, the investment activities of BlackRock for BlackRock clients, as well as BlackRock&#146;s proprietary accounts, may nonetheless limit the investment strategies and rights of other clients (including a Fund). As BlackRock&#146;s
assets under management increases, BlackRock clients may face greater negative impacts due to ownership restrictions and limitations imposed by laws, regulations, rules, regulators, or issuers. For example, in certain circumstances where a BlackRock
client invests in securities issued by companies that operate in certain industries (<I>e.g.</I>, banking, insurance, and utilities) or in certain emerging or international markets, or are subject to regulatory or corporate ownership restrictions
(<I>e.g.</I>, with mechanisms such as poison pills in place to prevent takeovers), or where a BlackRock client invests in certain futures and derivatives, there may be limits on the aggregate amount invested by BlackRock for its clients and
BlackRock&#146;s proprietary accounts that may not be exceeded without the grant of a license or other regulatory or corporate approval, order, consent, relief, waiver or <FONT STYLE="white-space:nowrap">non-disapproval</FONT> or, if exceeded, may
cause BlackRock or its clients to be subject to enforcement actions, disgorgement of share ownership or profits, regulatory restrictions, complex compliance reporting, increased compliance costs or suffer disadvantages or business restrictions. In
light of certain restrictions, BlackRock may also seek to make indirect investments (<I>e.g.</I>, using derivatives) on behalf of its clients to receive exposure to certain securities in excess of the applicable ownership restrictions and
limitations when legally permitted that will expose such clients to additional costs and additional risks, including any risks associated with investing in derivatives. There may be limited availability of derivatives that provide indirect exposure
to an impacted security. BlackRock clients can be subject to more than one ownership limitation depending on each client&#146;s holdings, and each ownership limitation can impact multiple securities held by the client. Certain clients or
shareholders may have their own overlapping obligations to monitor their compliance with ownership limitations across their investments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If certain aggregate ownership thresholds are reached either through the actions of BlackRock or a BlackRock client or as a result of
corporate actions by the issuer, the ability of BlackRock on behalf of clients to purchase or dispose of investments, or exercise rights (including voting) or undertake business transactions, may be restricted by law, regulation, rule, or
organizational documents or otherwise impaired. For example, to meet the requirements of an ownership limitation or restriction, a client may be unable to purchase or directly hold a security the client would otherwise purchase or hold. The
limitation or restriction may be based on the holdings of other BlackRock clients instead of the specific client being restricted. For index funds, this means a fund may not be able to track its index as closely as it would if it was not subject to
an ownership limitation or restriction because the fund cannot acquire the amount of the impacted security included in its index. BlackRock on behalf of its clients may limit purchases, sell existing investments, utilize indirect investments,
utilize information barriers, or otherwise restrict, forgo, or limit the exercise of rights (including transferring, outsourcing, or limiting voting rights or forgoing the right to receive </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-41 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
dividends) when BlackRock, in its sole discretion, deems it appropriate in light of potential regulatory or other restrictions on ownership or other consequences resulting from reaching
investment thresholds. These types of restrictions could negatively impact a client&#146;s performance or ability to meet its investment objective. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When BlackRock or a BlackRock client is subject to an ownership limitation, BlackRock may in its discretion seek permission from the
applicable issuers or regulators to exceed the limitation. However, there is no guarantee that permission will be granted, or that, once granted, it will not be modified or revoked at a later date with minimal or no notice. The issuer and/or
regulator may also require that BlackRock on behalf of itself and its clients take or refrain from taking certain actions in connection with the approval, order, consent, relief or <FONT STYLE="white-space:nowrap">non-disapproval,</FONT> which
BlackRock may accept if it believes the benefits outweigh the costs and may limit BlackRock from taking actions that it otherwise would take. In those circumstances where ownership thresholds or limitations must be observed, BlackRock seeks to
allocate limited investment opportunities equitably among clients, taking into consideration benchmark weight and investment strategy. BlackRock may adopt certain controls designed to prevent the occurrence of a breach of any applicable ownership
threshold or limits, including, for example, when ownership in certain securities nears an applicable threshold, BlackRock may limit additional purchases in such securities or, with respect to ETFs, remove such securities from the list of Deposit
Securities to be delivered to a Fund in connection with purchases of Creation Units of such Fund. If client holdings of an issuer exceed an applicable threshold and BlackRock is unable to obtain relief to enable the continued holding of such
investments, it may be necessary to reduce these positions to meet the applicable limitations and BlackRock or such client may be subject to regulatory actions. In these cases, the investments will be sold in a manner that BlackRock deems fair and
equitable over time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Ownership limitations are highly complex. It is possible that, despite BlackRock&#146;s intent to either comply with
or be granted permission to exceed ownership limitations, it may inadvertently breach a limit or violate the corporate or regulatory approval, order, consent, relief or <FONT STYLE="white-space:nowrap">non-disapproval</FONT> that was obtained. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition to the foregoing, other ownership thresholds may trigger reporting requirements to governmental and regulatory authorities, and
such reports may entail the disclosure of the identity of a client or BlackRock&#146;s intended strategy with respect to such security or asset. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock may maintain securities indices. To the extent permitted by applicable laws, a Fund may seek to license and use such indices as part
of their investment strategy. Index based funds that seek to track the performance of securities indices also may use the name of the index or index provider in the fund name. Index providers, including BlackRock (to the extent permitted by
applicable law), may be paid licensing fees for use of their index or index name. In instances where BlackRock charges a unitary management fee, BlackRock may have a financial incentive to use a BlackRock index that is less costly to BlackRock than
a third party index. BlackRock may benefit from a Fund using BlackRock indices by creating increasing acceptance in the marketplace for such indices. BlackRock is not obligated to license its indices to a Fund and a Fund is under no obligation to
use BlackRock indices. Any fund that enters into a license for a BlackRock index cannot be assured that the terms of any index licensing agreement with BlackRock will be as favorable as those terms offered to other licensees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock may enter into contractual arrangements with third-party service providers to a Fund (<I>e.g.</I>, custodians, administrators and
index providers) pursuant to which BlackRock receives fee discounts or concessions in recognition of BlackRock&#146;s overall relationship with such service providers. BlackRock may also enter into contractual arrangements with such service
providers pursuant to which BlackRock incurs additional costs if the service provider&#146;s services are terminated with respect to a Fund. To the extent that BlackRock is responsible for paying service providers out of its fees that it receives
from a Fund, the benefits of lower fees, including any fee discounts or concessions, or any additional savings, may accrue, in whole or in part, to BlackRock, which could result in conflicts of interest relating to the use or termination of service
providers to a Fund. In addition, conflicts of interest may arise with respect to contractual arrangements with third-party service providers to a Fund, or the selection of such providers, particularly in circumstances where BlackRock is negotiating
on behalf of both funds that have a unitary management fee and those that do not or different service providers have different fee structures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Conflicts of interest may arise as a result of simultaneous investment management of multiple client accounts by the BlackRock&#146;s
investment professionals. For example, differences in the advisory fee structure may create the appearance of actual or potential conflicts of interest because such differences could create pecuniary incentives for BlackRock to favor one client
account over another. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-42 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock owns or has an ownership interest in certain trading, portfolio management,
operations and/or information systems used by a Fund&#146;s service providers. These systems are, or will be, used by a Fund service provider in connection with the provision of services to accounts managed by BlackRock and funds managed and
sponsored by BlackRock, including a Fund, that engage the service provider (typically the custodian). A Fund&#146;s service provider remunerates BlackRock for the use of the systems. A Fund&#146;s service provider&#146;s payments to BlackRock for
the use of these systems may enhance the profitability of BlackRock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock&#146;s receipt of fees from a service provider in
connection with the use of systems provided by BlackRock may create an incentive for BlackRock to recommend that a Fund enter into or renew an arrangement with the service provider. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In recognition of a BlackRock client&#146;s overall relationship with BlackRock, BlackRock may offer special pricing arrangements for certain
services provided by BlackRock. Any such special pricing arrangements will not affect a Fund&#146;s fees and expenses applicable to such client&#146;s investment in a Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Present and future activities of BlackRock and its directors, officers and employees, in addition to those described in this section, may give
rise to additional conflicts of interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_24"></A>OTHER INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_25"></A>Code of Ethics </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each Fund and the Investment Advisor has adopted a code of ethics (the &#147;Code of Ethics&#148;) in compliance with Section&nbsp;17(j) of
the 1940 Act and Rule <FONT STYLE="white-space:nowrap">17j-1</FONT> thereunder. Each Code of Ethics establishes procedures for personal investing and restricts certain transactions. Employees subject to a Code of Ethics may invest in securities for
their personal investment accounts, including making investments in securities that may be purchased or held by a Fund. The Codes of Ethics are available on the EDGAR Database on the SEC&#146;s website at www.sec.gov. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Copies of the Codes of Ethics may be obtained, after paying a duplicating fee, by electronic request at the following <FONT
STYLE="white-space:nowrap">e-mail</FONT> address: publicinfo@sec.gov. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="sai61427_26"></A>Proxy Voting Policy </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Board of each Fund has delegated the voting of proxies for a Fund&#146;s securities to the Investment Advisor pursuant to the <FONT
STYLE="white-space:nowrap">Closed-End</FONT> Fund Proxy Voting Policy. The Investment Advisor has adopted the BlackRock Active Investment Stewardship &#150; Global Engagement and Voting Guidelines (the &#147;BAIS Guidelines&#148;) with respect to
certain funds, including the Funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Copies of the <FONT STYLE="white-space:nowrap">Closed-End</FONT> Fund Proxy Voting Policy and the
BAIS Guidelines are attached as Appendix B to this Statement of Additional Information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Information on how each Fund voted proxies
relating to portfolio securities during the most recent twelve-month period ended June&nbsp;30 is available (i)&nbsp;without charge, upon request, by calling (800) <FONT STYLE="white-space:nowrap">882-0052,</FONT> (ii) at www.blackrock.com and
(iii)&nbsp;on the SEC&#146;s website at http://www.sec.gov. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_27"></A>FINANCIAL STATEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The financial statements of each of BNY, MHN, and the Acquiring Fund for the fiscal year ended July&nbsp;31, 2024 are incorporated by
reference herein to each of BNY&#146;s, MHN&#146;s and the Acquiring Fund&#146;s <A HREF="http://www.sec.gov/Archives/edgar/data/882150/000119312524231986/d882224dncsr.htm">annual report</A> filed on Form
<FONT STYLE="white-space:nowrap">N-CSR</FONT> on October&nbsp;3, 2024. The financial statements of each of BNY, MHN, and the Acquiring Fund for the fiscal period ended January&nbsp;31, 2025 are incorporated by reference herein to each of BNY&#146;s,
MHN&#146;s and the Acquiring Fund&#146;s <A HREF="http://www.sec.gov/Archives/edgar/data/882150/000119312525074464/d915606dncsrs.htm">semi-annual</A> report filed on Form <FONT STYLE="white-space:nowrap">N-CSR</FONT> on April&nbsp;7, 2025. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-43 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_28"></A>SUPPLEMENTAL FINANCIAL STATEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A table showing the fees of the Acquiring Fund and each Target Fund, and the fees and expenses of the Acquiring Fund on a pro forma basis
after giving effect to the proposed Merger, is included in the section entitled &#147;Expense Table for Common Shareholders&#148; of the Joint Proxy Statement/Prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">[Each Merger will not result in a material change to the respective Target Fund&#146;s investment portfolio due to the investment restrictions
of the Acquiring Fund. As a result, a schedule of investments of each Target Fund modified to show the effects of the change is not required and is not included. Notwithstanding the foregoing, changes may be made to a Target Fund&#146;s portfolio in
advance of the respective Merger and/or the Acquiring Fund&#146;s portfolio following the Merger (determined as if the Merger had occurred as of [&#9679;], 2025). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There are no material differences in the accounting, taxation and valuation policies of each Target Fund as compared to those of the Acquiring
Fund.] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-44 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_29"></A>APPENDIX A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Description of Bond Ratings </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A rating is generally assigned to a fixed-income security at the time of issuance by a credit rating agency designated as a nationally
recognized statistical rating organization (&#147;NRSRO&#148;) by the SEC. While NRSROs may from time to time revise such ratings, they undertake no obligation to do so, and the ratings given to securities at issuance do not necessarily represent
ratings which would be given to these securities on a particular subsequent date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NRSROs may rate specific investments (<I>e.g.</I>,
bonds), issuers (<I>e.g.</I>, corporations, governments and financial institutions) and/or programs (<I>e.g.</I>, commercial paper programs). However, certain types of investments may not be rated by NRSROs, such as certain government/sovereign
obligations, US agency securities, commercial paper, time deposits at financial institutions, and derivative instruments such as credit default swaps. For these types of investments, as well as US Treasury securities (some of which are not rated),
where a NRSRO has not rated the specific investment but has rated the investment&#146;s issuer, program, financial institution or underlying reference asset, BlackRock Advisors, LLC, BlackRock Fund Advisors or their respective affiliates
(&#147;BlackRock&#148;) may consider the investment to have the same NRSRO rating as its issuer, program, financial institution or underlying reference asset, as applicable. In the case of municipal securities, where one NRSRO provides multiple
ratings for the same security (<I>e.g.</I>, &#147;underlying,&#148; &#147;insured&#148; and/or &#147;enhanced&#148; ratings), BlackRock may consider the security to have the highest of the multiple ratings. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New issue securities (regardless of type) may not be rated by a NRSRO at the time of their initial offering. Preliminary prospectuses or term
sheets for new issue securities may include an expected rating for the security (as determined by the underwriter and/or issuer) or a NRSRO rating for the issuer of the security. If applicable, when deciding whether to purchase a new issue security
that has not yet been rated by a NRSRO, BlackRock may attribute an expected rating to the security based on: (i)&nbsp;the expected rating of the security set forth in the preliminary prospectus or term sheet for the security; (ii)&nbsp;the
NRSRO&#146;s rating for the issuer of the security set forth in the preliminary prospectus or term sheet for the security; or (iii)&nbsp;with respect to asset-backed securities, the rating of a prior issuance having a similar structure or the same
sponsor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Where the investment objective of a fund is to track the performance of an index that includes credit ratings eligibility
criteria as part of its index methodology, the fund may purchase any security within the index, such security having been determined by the index provider as meeting its credit ratings eligibility criteria. The credit ratings practices of an index
provider may differ from BlackRock&#146;s practices, as described above. Further, the fund may invest, directly or indirectly, in securities that are not rated by a rating agency or securities with a credit rating that differs from the credit rating
specified in its index methodology in various circumstances, including where a security is downgraded but not yet removed from an index, following the removal of a security from an index prior to its sale by the fund or as a result of a corporate
action or restructuring affecting an issuer of a security held by the fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Fixed-income securities which are unrated may expose the
investor to risks with respect to capacity to pay interest or repay principal which are similar to the risks of lower-rated speculative bonds. Evaluation of these securities is dependent on BlackRock&#146;s judgment, analysis and experience in the
evaluation of such securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Investors should note that the assignment of a rating to a security by an NRSRO may not reflect the effect
of recent developments on the issuer&#146;s ability to make interest and principal payments or on the likelihood of default. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Securities
deemed to be high yield are rated below Baa3 by Moody&#146;s and below <FONT STYLE="white-space:nowrap">BBB-</FONT> by S&amp;P Global Ratings and Fitch. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The descriptions below relate to general long-term and short-term obligations of an issuer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>A Description of Moody&#146;s Investors Service, Inc.&#146;s (&#147;Moody&#146;s&#148;) Global Rating Scales </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Ratings assigned on Moody&#146;s global long-term and short-term rating scales are forward-looking opinions of the relative credit risks of
financial obligations issued by <FONT STYLE="white-space:nowrap">non-financial</FONT> corporates, financial institutions, structured finance </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
vehicles, project finance vehicles, and public sector entities. Moody&#146;s defines credit risk as the risk that an entity may not meet its contractual financial obligations as they come due and
any estimated financial loss in the event of default or impairment. The contractual financial obligations addressed by Moody&#146;s ratings are those that call for, without regard to enforceability, the payment of an ascertainable amount, which may
vary based upon standard sources of variation (<I>e.g.</I>, floating interest rates), by an ascertainable date. Moody&#146;s rating addresses the issuer&#146;s ability to obtain cash sufficient to service the obligation, and its willingness to pay.
Moody&#146;s ratings do not address <FONT STYLE="white-space:nowrap">non-standard</FONT> sources of variation in the amount of the principal obligation (<I>e.g.</I>, equity indexed), absent an express statement to the contrary in a press release
accompanying an initial rating. Long-term ratings are assigned to issuers or obligations with an original maturity of one year or more and reflect both on the likelihood of a default or impairment on contractual financial obligations and the
expected financial loss suffered in the event of default or impairment. Short-term ratings are assigned for obligations with an original maturity of thirteen months or less and reflect both on the likelihood of a default or impairment on contractual
financial obligations and the expected financial loss suffered in the event of default or impairment. Moody&#146;s issues ratings at the issuer level and instrument level on both the long-term scale and the short-term scale. Typically, ratings are
made publicly available although private and unpublished ratings may also be assigned. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Moody&#146;s differentiates structured finance
ratings from fundamental ratings (i.e., ratings on nonfinancial corporate, financial institution, and public sector entities) on the global long-term scale by adding (sf) to all structured finance ratings. The addition of (sf) to structured finance
ratings should eliminate any presumption that such ratings and fundamental ratings at the same letter grade level will behave the same. The (sf) indicator for structured finance security ratings indicates that otherwise similarly rated structured
finance and fundamental securities may have different risk characteristics. Through its current methodologies, however, Moody&#146;s aspires to achieve broad expected equivalence in structured finance and fundamental rating performance when measured
over a long period of time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Moody&#146;s Global Long-Term Rating Scale </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">Aaa</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Obligations rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">Aa</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Obligations rated Aa are judged to be of high quality and are subject to very low credit risk.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">A</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Obligations rated A are judged to be upper-medium grade and are subject to low credit risk.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">Baa</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Obligations rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may
possess certain speculative characteristics. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">Ba</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Obligations rated Ba are judged to be speculative and are subject to substantial credit risk.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">B</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Obligations rated B are considered speculative and are subject to high credit risk. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">Caa</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Obligations rated Caa are judged to be speculative of poor standing and are subject to very high credit
risk. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">Ca</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Obligations rated Ca are highly speculative and are likely in, or very near, default, with some prospect of
recovery of principal and interest. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">C</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Obligations rated C are the lowest rated and are typically in default, with little prospect for recovery of
principal or interest. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Note</I>: Moody&#146;s appends numerical modifiers 1, 2, and 3 to each generic rating
classification from Aa through Caa. The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category; the modifier 2 indicates a <FONT STYLE="white-space:nowrap">mid-range</FONT> ranking; and the modifier 3
indicates a ranking in the lower end of that generic rating category. Additionally, a &#147;(hyb)&#148; indicator is appended to all ratings of hybrid securities issued by banks, insurers, finance companies, and securities firms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">By their terms, hybrid securities allow for the omission of scheduled dividends, interest, or principal payments, which can potentially result
in impairment if such an omission occurs. Hybrid securities may also be subject to contractually </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
allowable write-downs of principal that could result in impairment. Together with the hybrid indicator, the long-term obligation rating assigned to a hybrid security is an expression of the
relative credit risk associated with that security. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Moody&#146;s Global Short-Term Rating Scale </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">P-1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Ratings of <FONT STYLE="white-space:nowrap">Prime-1</FONT> reflect a superior ability to repay short-term
obligations. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">P-2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Ratings of <FONT STYLE="white-space:nowrap">Prime-2</FONT> reflect a strong ability to repay short-term
obligations. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">P-3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Ratings of <FONT STYLE="white-space:nowrap">Prime-3</FONT> reflect an acceptable ability to repay short-term
obligations. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">NP</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Issuers (or supporting institutions) rated Not Prime do not fall within any of the Prime rating categories.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Moody&#146;s U.S. Municipal Short-Term Debt and Demand Obligation Ratings </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Moody&#146;s Short-Term Obligation Ratings </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Moody&#146;s uses the global short-term Prime rating scale for commercial paper issued by U.S. municipalities and nonprofits. These commercial
paper programs may be backed by external letters of credit or liquidity facilities, or by an issuer&#146;s self-liquidity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For other
short-term municipal obligations, Moody&#146;s uses one of two other short-term rating scales, the Municipal Investment Grade (&#147;MIG&#148;) and Variable Municipal Investment Grade (&#147;VMIG&#148;) scales discussed below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Moody&#146;s uses the MIG scale for U.S. municipal cash flow notes, bond anticipation notes and certain other short-term obligations, which
typically mature in three years or less. Under certain circumstances, Moody&#146;s uses the MIG scale for bond anticipation notes with maturities of up to five years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>MIG Scale </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">MIG&#8201;1</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">This designation denotes superior credit quality. Excellent protection is afforded by established cash
flows, highly reliable liquidity support, or demonstrated broad-based access to the market for refinancing. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">MIG&#8201;2</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">This designation denotes strong credit quality. Margins of protection are ample, although not as large as in
the preceding group. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">MIG&#8201;3</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">This designation denotes acceptable credit quality. Liquidity and cash-flow protection may be narrow, and
market access for refinancing is likely to be less well-established. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">SG</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">This designation denotes speculative-grade credit quality. Debt instruments in this category may lack
sufficient margins of protection. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Moody&#146;s Demand Obligation Ratings </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In the case of variable rate demand obligations (&#147;VRDOs&#148;), a <FONT STYLE="white-space:nowrap">two-component</FONT> rating is
assigned. The components are a long-term rating and a short-term demand obligation rating. The long-term rating addresses the issuer&#146;s ability to meet scheduled principal and interest payments. The short-term demand obligation rating addresses
the ability of the issuer or the liquidity provider to make payments associated with the purchase-price-upon-demand feature (&#147;demand feature&#148;) of the VRDO. The short-term demand obligation rating uses the VMIG scale. VMIG ratings with
liquidity support use as an input the short-term Counterparty Risk Assessment of the support provider, or the long-term rating of the underlying obligor in the absence of third party liquidity support. Transitions of VMIG ratings of demand
obligations with conditional liquidity support differ from transitions on the Prime scale to reflect the risk that external liquidity support will terminate if the issuer&#146;s long-term rating drops below investment grade. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-3 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Moody&#146;s typically assigns the VMIG short-term demand obligation rating if the frequency
of the demand feature is less than every three years. If the frequency of the demand feature is less than three years but the purchase price is payable only with remarketing proceeds, the short-term demand obligation rating is &#147;NR&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>VMIG Scale </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">VMIG&#8201;1</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">This designation denotes superior credit quality. Excellent protection is afforded by the superior
short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">VMIG&#8201;2</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">This designation denotes strong credit quality. Good protection is afforded by the strong short-term credit
strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">VMIG&#8201;3</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">This designation denotes acceptable credit quality. Adequate protection is afforded by the satisfactory
short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">SG</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">This designation denotes speculative-grade credit quality. Demand features rated in this category may be
supported by a liquidity provider that does not have a sufficiently strong short-term rating or may lack the structural or legal protections necessary to ensure the timely payment of purchase price upon demand. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of S&amp;P Global Ratings (&#147;S&amp;P&#148;), a Division of S&amp;P Global Inc., Issue Credit Ratings </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">An S&amp;P issue credit rating is a forward-looking opinion about the creditworthiness of an obligor with respect to a specific financial
obligation, a specific class of financial obligations, or a specific financial program (including ratings on medium-term note programs and commercial paper programs). It takes into consideration the creditworthiness of guarantors, insurers, or other
forms of credit enhancement on the obligation and takes into account the currency in which the obligation is denominated. The opinion reflects S&amp;P&#146;s view of the obligor&#146;s capacity and willingness to meet its financial commitments as
they come due, and this opinion may assess terms, such as collateral security and subordination, which could affect ultimate payment in the event of default. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Issue credit ratings can be either long-term or short-term. Short-term issue credit ratings are generally assigned to those obligations
considered short-term in the relevant market, typically with an original maturity of no more than 365 days. Short-term issue credit ratings are also used to indicate the creditworthiness of an obligor with respect to put features on long-term
obligations. S&amp;P would typically assign a long-term issue credit rating to an obligation with an original maturity of greater than 365 days. However, the ratings S&amp;P assigns to certain instruments may diverge from these guidelines based on
market practices. Medium-term notes are assigned long-term ratings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Issue credit ratings are based, in varying degrees, on S&amp;P&#146;s
analysis of the following considerations: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">The likelihood of payment&#151;the capacity and willingness of the obligor to meet its financial commitments
on an obligation in accordance with the terms of the obligation; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">The nature and provisions of the financial obligation, and the promise S&amp;P imputes; and
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">3</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">The protection afforded by, and relative position of, the financial obligation in the event of a bankruptcy,
reorganization, or other arrangement under the laws of bankruptcy and other laws affecting creditors&#146; rights. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">An
issue rating is an assessment of default risk but may incorporate an assessment of relative seniority or ultimate recovery in the event of default. Junior obligations are typically rated lower than senior obligations, to reflect lower priority in
bankruptcy, as noted above. (Such differentiation may apply when an entity has both senior and subordinated obligations, secured and unsecured obligations, or operating company and holding company obligations.) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-4 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Long-Term Issue Credit Ratings* </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="6%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">AAA</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;AAA&#146; has the highest rating assigned by S&amp;P. The obligor&#146;s capacity to meet its
financial commitments on the obligation is extremely strong.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">AA</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;AA&#146; differs from the highest-rated obligations only to a small degree. The obligor&#146;s
capacity to meet its financial commitments on the obligation is very strong.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">A</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;A&#146; is somewhat more susceptible to the adverse effects of changes in circumstances and
economic conditions than obligations in higher-rated categories. However, the obligor&#146;s capacity to meet its financial commitments on the obligation is still strong.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">BBB</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;BBB&#146; exhibits adequate protection parameters. However, adverse economic conditions or
changing circumstances are more likely to weaken the obligor&#146;s capacity to meet its financial commitments on the obligation.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BB,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">B,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CCC, CC,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">and&nbsp;C</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Obligations rated &#145;BB&#146;, &#145;B&#146;, &#145;CCC&#146;, &#145;CC&#146;, and &#145;C&#146; are regarded as having
significant speculative characteristics. &#145;BB&#146; indicates the least degree of speculation and &#145;C&#146; the highest. While such obligations will likely have some quality and protective characteristics, these may be outweighed by large
uncertainties or major exposure to adverse conditions.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">BB</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;BB&#146; is less vulnerable to nonpayment than other speculative issues. However, it faces major
ongoing uncertainties or exposure to adverse business, financial, or economic conditions that could lead to the obligor&#146;s inadequate capacity to meet its financial commitments on the obligation.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">B</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;B&#146; is more vulnerable to nonpayment than obligations rated &#145;BB&#146;, but the obligor
currently has the capacity to meet its financial commitments on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor&#146;s capacity or willingness to meet its financial commitments on the
obligation.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">CCC</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;CCC&#146; is currently vulnerable to nonpayment and is dependent upon favorable business,
financial, and economic conditions for the obligor to meet its financial commitments on the obligation. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial
commitments on the obligation.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">CC</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;CC&#146; is currently highly vulnerable to nonpayment. The &#145;CC&#146; rating is used when a
default has not yet occurred but S&amp;P expects default to be a virtual certainty, regardless of the anticipated time to default.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">C</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;C&#146; is currently highly vulnerable to nonpayment, and the obligation is expected to have
lower relative seniority or lower ultimate recovery compared with obligations that are rated higher.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">D</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An obligation rated &#145;D&#146; is in default or in breach of an imputed promise. For
<FONT STYLE="white-space:nowrap">non-hybrid</FONT> capital instruments, the &#145;D&#146; rating category is used when payments on an obligation are not made on the date due, unless S&amp;P believes that such payments will be made within five
business days in the absence of a stated grace period or within the earlier of the stated grace period or 30 calendar days. The &#145;D&#146; rating also will be used upon the filing of a bankruptcy petition or the taking of similar action and where
default on an obligation is a virtual certainty, for example due to automatic stay provisions. A rating on an obligation is lowered to &#145;D&#146; if it is subject to a distressed debt restructuring.</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">* Ratings from &#145;AA&#146; to &#145;CCC&#146; may be modified by the addition of a plus (+) or minus (-)
sign to show relative standing within the rating categories. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-5 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Short-Term Issue Credit Ratings </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">A-1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">A short-term obligation rated <FONT STYLE="white-space:nowrap">&#145;A-1&#146;</FONT> is rated in the
highest category by S&amp;P. The obligor&#146;s capacity to meet its financial commitments on the obligation is strong. Within this category, certain obligations are designated with a plus sign (+). This indicates that the obligor&#146;s capacity to
meet its financial commitments on these obligations is extremely strong. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">A-2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">A short-term obligation rated <FONT STYLE="white-space:nowrap">&#145;A-2&#146;</FONT> is somewhat more
susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher rating categories. However, the obligor&#146;s capacity to meet its financial commitments on the obligation is satisfactory.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">A-3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">A short-term obligation rated <FONT STYLE="white-space:nowrap">&#145;A-3&#146;</FONT> exhibits adequate
protection parameters. However, adverse economic conditions or changing circumstances are more likely to weaken an obligor&#146;s capacity to meet its financial commitments on the obligation. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">B</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">A short-term obligation rated &#145;B&#146; is regarded as vulnerable and has significant speculative
characteristics. The obligor currently has the capacity to meet its financial commitments; however, it faces major ongoing uncertainties that could lead to the obligor&#146;s inadequate capacity to meet its financial commitments.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">C</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">A short-term obligation rated &#145;C&#146; is currently vulnerable to nonpayment and is dependent upon
favorable business, financial, and economic conditions for the obligor to meet its financial commitments on the obligation. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">D</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">A short-term obligation rated &#145;D&#146; is in default or in breach of an imputed promise. For <FONT
STYLE="white-space:nowrap">non-hybrid</FONT> capital instruments, the &#145;D&#146; rating category is used when payments on an obligation are not made on the date due, unless S&amp;P believes that such payments will be made within any stated grace
period. However, any stated grace period longer than five business days will be treated as five business days. The &#145;D&#146; rating also will be used upon the filing of a bankruptcy petition or the taking of a similar action and where default on
an obligation is a virtual certainty, for example due to automatic stay provisions. A rating on an obligation is lowered to &#145;D&#146; if it is subject to a distressed debt restructuring. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of S&amp;P&#146;s Municipal Short-Term Note Ratings </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">An S&amp;P U.S. municipal note rating reflects S&amp;P&#146;s opinion about the liquidity factors and market access risks unique to the notes.
Notes due in three years or less will likely receive a note rating. Notes with an original maturity of more than three years will most likely receive a long-term debt rating. In determining which type of rating, if any, to assign, S&amp;P&#146;s
analysis will review the following considerations: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Amortization schedule&#151;the larger the final maturity relative to other maturities, the more likely it will
be treated as a note; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Source of payment&#151;the more dependent the issue is on the market for its refinancing, the more likely it
will be treated as a note. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">S&amp;P&#146;s municipal short-term note rating symbols are as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">SP-1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Strong capacity to pay principal and interest. An issue determined to possess a very strong capacity to pay
debt service is given a plus (+) designation. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">SP-2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Satisfactory capacity to pay principal and interest, with some vulnerability to adverse financial and
economic changes over the term of the notes. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">SP-3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Speculative capacity to pay principal and interest. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-6 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">D</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">&#145;D&#146; is assigned upon failure to pay the note when due, completion of a distressed debt
restructuring, or the filing of a bankruptcy petition or the taking of similar action and where default on an obligation is a virtual certainty, for example due to automatic stay provisions. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Fitch Ratings&#146; (&#147;Fitch&#146;s&#148;) Credit Ratings Scales </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Fitch Ratings publishes opinions on a variety of scales. The most common of these are credit ratings, but the agency also publishes ratings,
scores and other relative opinions relating to financial or operational strength. For example, Fitch also provides specialized ratings of servicers of residential and commercial mortgages, asset managers and funds. In each case, users should refer
to the definitions of each individual scale for guidance on the dimensions of risk covered in each assessment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Fitch&#146;s credit
ratings relating to issuers are an opinion on the relative ability of an entity to meet financial commitments, such as interest, preferred dividends, repayment of principal, insurance claims or counterparty obligations. Credit ratings relating to
securities and obligations of an issuer can include a recovery expectation. Credit ratings are used by investors as indications of the likelihood of receiving the money owed to them in accordance with the terms on which they invested. The
agency&#146;s credit ratings cover the global spectrum of corporate, sovereign financial, bank, insurance, and public finance entities (including supranational and <FONT STYLE="white-space:nowrap">sub-national</FONT> entities) and the securities or
other obligations they issue, as well as structured finance securities backed by receivables or other financial assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The terms
&#147;investment grade&#148; and &#147;speculative grade&#148; have established themselves over time as shorthand to describe the categories &#145;AAA&#146; to &#145;BBB&#146; (investment grade) and &#145;BB&#146; to &#145;D&#146; (speculative
grade). The terms investment grade and speculative grade are market conventions and do not imply any recommendation or endorsement of a specific security for investment purposes. Investment grade categories indicate relatively low to moderate credit
risk, while ratings in the speculative categories either signal a higher level of credit risk or that a default has already occurred. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For
the convenience of investors, Fitch may also include issues relating to a rated issuer that are not and have not been rated on its web page. Such issues are also denoted as &#145;NR&#146;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Credit ratings express risk in relative rank order, which is to say they are ordinal measures of credit risk and are not predictive of a
specific frequency of default or loss. For information about the historical performance of ratings please refer to Fitch&#146;s Ratings Transition and Default studies which detail the historical default rates and their meaning. The European
Securities and Markets Authority also maintains a central repository of historical default rates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Fitch&#146;s credit ratings do not
directly address any risk other than credit risk. In particular, ratings do not deal with the risk of a market value loss on a rated security due to changes in interest rates, liquidity and other market considerations. However, in terms of payment
obligation on the rated liability, market risk may be considered to the extent that it influences the ability of an issuer to pay upon a commitment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Ratings nonetheless do not reflect market risk to the extent that they influence the size or other conditionality of the obligation to pay
upon a commitment (for example, in the case of index-linked bonds). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In the default components of ratings assigned to individual
obligations or instruments, the agency typically rates to the likelihood of <FONT STYLE="white-space:nowrap">non-payment</FONT> or default in accordance with the terms of that instrument&#146;s documentation. In limited cases, Fitch may include
additional considerations (i.e., rate to a higher or lower standard than that implied in the obligation&#146;s documentation). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
primary credit rating scales can be used to provide a rating of privately issued obligations or certain note issuance programs or for private ratings. In this case the rating is not published, but only provided to the issuer or its agents in the
form of a rating letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The primary credit rating scales may also be used to provide ratings for a more narrow scope, including interest
strips and return of principal or in other forms of opinions such as credit opinions or rating assessment services. Credit opinions are either a notch- or category-specific view using the primary rating scale and omit one or more
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-7 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
characteristics of a full rating or meet them to a different standard. Credit opinions will be indicated using a lower case letter symbol combined with either an &#145;*&#146; (<I>e.g.,</I>
&#145;bbb+*&#146;) or (cat) suffix to denote the opinion status. Credit opinions will be <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">point-in-time</FONT></FONT> typically but may be monitored if the analytical group believes
information will be sufficiently available. Rating assessment services are a notch-specific view using the primary rating scale of how an existing or potential rating may be changed by a given set of hypothetical circumstances. While credit opinions
and rating assessment services are <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">point-in-time</FONT></FONT> and are not monitored, they may have a directional watch or outlook assigned, which can signify the trajectory of the
credit profile. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Fitch&#146;s Long-Term Corporate Finance Obligations Rating Scales </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Ratings of individual securities or financial obligations of a corporate issuer address relative vulnerability to default on an ordinal scale.
In addition, for financial obligations in corporate finance, a measure of recovery given default on that liability is also included in the rating assessment. This notably applies to covered bonds ratings, which incorporate both an indication of the
probability of default and of the recovery given a default of this debt instrument. On the contrary, Ratings of <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debtor-in-possession</FONT></FONT> (&#147;DIP&#148;) obligations
incorporate the expectation of full repayment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The relationship between the issuer scale and obligation scale assumes a generic
historical average recovery. Individual obligations can be assigned ratings higher, lower, or the same as that entity&#146;s issuer rating or issuer default rating (&#147;IDR&#148;), based on their relative ranking, relative vulnerability to default
or based on explicit Recovery Ratings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As a result, individual obligations of entities, such as corporations, are assigned ratings
higher, lower, or the same as that entity&#146;s issuer rating or IDR, except DIP obligation ratings that are not based off an IDR. At the lower end of the ratings scale, Fitch publishes explicit Recovery Ratings in many cases to complement issuer
and obligation ratings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Fitch long-term obligations rating scales are as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">AAA</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Highest Credit Quality. &#145;AAA&#146; ratings denote the lowest expectation of credit risk. They are
assigned only in cases of exceptionally strong capacity for payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">AA</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Very High Credit Quality. &#145;AA&#146; ratings denote expectations of very low credit risk. They indicate
very strong capacity for payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">A</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">High Credit Quality. &#145;A&#146; ratings denote expectations of low credit risk. The capacity for payment
of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">BBB</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Good Credit Quality. &#145;BBB&#146; ratings indicate that expectations of credit risk are currently low.
The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions are more likely to impair this capacity. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">BB</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Speculative. &#145;BB&#146; ratings indicate an elevated vulnerability to credit risk, particularly in the
event of adverse changes in business or economic conditions over time; however, business or financial alternatives may be available to allow financial commitments to be met. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">B</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Highly Speculative. &#145;B&#146; ratings indicate that material credit risk is present.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">CCC</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Substantial Credit Risk. &#145;CCC&#146; ratings indicate that substantial credit risk is present.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">CC</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Very High Levels of Credit Risk. &#145;CC&#146; ratings indicate very high levels of credit risk.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">C</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Exceptionally High Levels of Credit Risk. &#145;C&#146; indicates exceptionally high levels of credit risk.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-8 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Within rating categories, Fitch may use modifiers. The modifiers &#147;+&#148; or
&#147;-&#148; may be appended to a rating to denote relative status within major rating categories. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For example, the rating category
&#145;AA&#146; has three notch-specific rating levels (&#145;AA+&#146;; &#145;AA&#146;; &#145;AA&#150;&#146;; each a rating level). Such suffixes are not added to &#145;AAA&#146; ratings and ratings below the &#145;CCC&#146; category. For the
short-term rating category of &#145;F1&#146;, a &#145;+&#146; may be appended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Description of Fitch&#146;s Short-Term Ratings Assigned to Issuers and
Obligations </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A short-term issuer or obligation rating is based in all cases on the short-term vulnerability to default of the rated
entity and relates to the capacity to meet financial obligations in accordance with the documentation governing the relevant obligation. Short-term deposit ratings may be adjusted for loss severity. Short-term ratings are assigned to obligations
whose initial maturity is viewed as &#147;short term&#148; based on market convention. Typically, this means up to 13 months for corporate, sovereign, and structured obligations and up to 36 months for obligations in U.S. public finance markets.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Fitch short-term ratings are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">F1</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Highest Short-Term Credit Quality. Indicates the strongest intrinsic capacity for timely payment of
financial commitments; may have an added &#147;+&#148; to denote any exceptionally strong credit feature. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">F2</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Good Short-Term Credit Quality.<B> </B>Good intrinsic capacity for timely payment of financial commitments.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">F3</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Fair Short-Term Credit Quality.<B> </B>The intrinsic capacity for timely payment of financial commitments is
adequate. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">B</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Speculative Short-Term Credit Quality. Minimal capacity for timely payment of financial commitments, plus
heightened vulnerability to near term adverse changes in financial and economic conditions. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">C</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">High Short-Term Default Risk.<B> </B>Default is a real possibility. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">RD</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Restricted Default. Indicates an entity that has defaulted on one or more of its financial commitments,
although it continues to meet other financial obligations. Typically applicable to entity ratings only. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left">D</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Default. Indicates a broad-based default event for an entity, or the default of a short-term obligation.<B>
</B> </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-9 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="sai61427_30"></A>APPENDIX B </U></P>
<P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g61427dsp276.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:14pt" ALIGN="center">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10.5pt">
<TD VALIGN="top" BGCOLOR="#000000"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.57em; font-size:14pt; font-family:Times New Roman" ALIGN="justify"><FONT
 COLOR="#FFFFFF">Closed-End Fund Proxy Voting Policy</FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.76em; font-size:10.5pt; font-family:Times New Roman"><FONT COLOR="#FFFFFF"><B><I>Procedures Governing Delegation of Proxy Voting to Fund Adviser</I></B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #e5e5e5; padding-left:8pt; padding-right:2pt"> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Effective Date: January&nbsp;1, 2025</P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:4.00pt solid #7f7f7f">&nbsp;</DIV>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10.5pt" ALIGN="center">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10.5pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #e5e5e5; padding-left:8pt; padding-right:2pt"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:Times New Roman" ALIGN="justify"><B>Applies to the following types of Funds registered under the 1940 Act:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:Times New Roman" ALIGN="justify">Index Equity Mutual Funds and Exchange-Traded Funds</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="white-space:nowrap">Open-End</FONT> Active and Fixed Income Index Mutual Funds and Exchange-Traded Funds</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:Times New Roman" ALIGN="justify">Money Market Funds</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="white-space:nowrap">Closed-End</FONT> Funds</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:Times New Roman" ALIGN="justify">Other</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:4.00pt solid #7f7f7f">&nbsp;</DIV> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Objective and Scope </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Set forth below is
the <FONT STYLE="white-space:nowrap">Closed-End</FONT> Fund Proxy Voting Policy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Policy / Document Requirements and Statements </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:Times New Roman" ALIGN="justify">The Boards of Trustees/Directors (the &#147;Directors&#148;) of <FONT STYLE="white-space:nowrap">the&nbsp;closed-end&nbsp;funds</FONT>
advised by BlackRock Advisors, LLC (&#147;BlackRock&#148;), (the &#147;Funds&#148;) have the responsibility for the oversight of voting proxies relating to portfolio securities of the Funds, and have determined that it is in the best interests of
the Funds and their shareholders to delegate the responsibility to vote proxies to BlackRock as part of BlackRock&#146;s authority to manage, acquire and dispose of account assets, all as contemplated by the Funds&#146; respective investment
management agreements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:Times New Roman" ALIGN="justify">BlackRock has adopted the BlackRock Active Investment Stewardship Global Engagement and Voting Guidelines (as
from time to time amended, the &#147;Guidelines&#148;) governing proxy voting by accounts managed by BlackRock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:Times New Roman" ALIGN="justify">BlackRock will cast
votes on behalf of each of the Funds covered by this policy on specific proxy issues in respect of securities held by each such Fund (or may refrain from voting) in accordance with the Guidelines; provided, however, that in the case of <FONT
STYLE="white-space:nowrap">underlying&nbsp;closed-end&nbsp;funds</FONT> (including business development companies and other similarly-situated asset pools) held by the Funds that have, or are proposing to adopt, a classified board structure,
BlackRock will typically (a)&nbsp;vote in favor of proposals to adopt classification and against proposals to eliminate classification, and (b)&nbsp;not vote against directors as a result of their adoption of a classified board structure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Conflicts Management </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock Active
Investment Stewardship (&#147;BAIS&#148;) maintains policies and procedures that seek to prevent undue influence on BlackRock&#146;s proxy voting activity and to mitigate material conflicts of interest in the exercise of proxy voting
responsibilities. Potential material conflicts, and the resultant potential for undue influence, might be due to a relationship between the investee company (or any shareholder proponent or dissident shareholder) and BlackRock, BlackRock&#146;s
affiliates or employees, or a Fund or a Fund&#146;s affiliates. BlackRock has taken certain steps to mitigate </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
potential conflicts, which are outlined in detail in the Guidelines. In mitigating conflicts, BAIS will adhere to the Guidelines. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In certain instances, BAIS will engage an independent third-party voting service provider to make proxy voting recommendations as a further
safeguard to avoid potential conflicts of interest, to satisfy regulatory compliance requirements, or as may be otherwise required by applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With respect to the relationship between securities lending and proxy voting, shares on loan cannot be voted and BlackRock may determine to
recall them for voting, as guided by BlackRock&#146;s fiduciary responsibility to act in clients&#146; financial interests. The Guidelines set forth BlackRock&#146;s approach to recalling securities on loan in connection with proxy voting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Reports to the Board </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock will
report on an annual basis to the Directors on (1)&nbsp;a summary of the proxy voting process as applicable to the Funds covered by this Policy in the preceding year together with a representation that all votes were in accordance with the Guidelines
(as modified pursuant to the immediately preceding paragraph), and (2)&nbsp;any material changes to the Guidelines, including material changes to conflicts management practices, that have not previously been reported. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="font-size:60pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:60pt; margin-bottom:0pt; font-size:60pt; font-family:Times New Roman">BlackRock Active </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:60pt; font-family:Times New Roman">Investment </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:60pt; font-family:Times New Roman">Stewardship </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:22pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:22pt">Global Engagement and Voting Guidelines </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:14pt">Effective as of January 2025 </P></TD></TR></TABLE>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:26pt; font-family:Times New Roman" ALIGN="justify">Contents </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_50">Overview</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_51">Introduction to BlackRock</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_52">About BlackRock Active Investment Stewardship</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_53">Our approach to stewardship within active equities</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_54">Our approach to stewardship within fixed income</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_55">Boards of Directors</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_56">Executive compensation</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_57">Non-executive director compensation</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_58">Capital structure</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_59">Transactions and special situations</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_60">Corporate reporting, risk management and audit</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_61">Shareholder rights and protections</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_62">Shareholder proposals</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_63">Corporate political activities</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_64">Sustainability, or environmental and social, considerations</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_65">Key stakeholders</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_66">Climate and decarbonization investment objectives</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#sai61427_67">Appendix 1: How we fulfil and oversee our active investment stewardship responsibilities</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_50"></A>Overview </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This document provides high level guidance on how BlackRock Active Investment Stewardship (BAIS) views corporate governance matters that are
commonly put to a shareholder vote, or on which investors engage with issuers. BAIS works in partnership with BlackRock&#146;s investment teams, excluding index equity, providing expertise on investment stewardship, engaging with companies on behalf
of those teams when appropriate, and assisting in recommending, operationalizing and reporting on voting decisions. The guidance informs BAIS&#146; voting recommendations to BlackRock&#146;s active portfolio managers. It applies to active equity
holdings in BlackRock&#146;s fundamental equity, systematic equity and multi-asset solutions strategies. It also may apply to holdings in BlackRock&#146;s index and active fixed income strategies, to the extent those strategies hold voting
securities or conduct issuer engagements. The guidelines are not prescriptive as active portfolio managers have discretion as to how they integrate these guidelines within their investment processes in light of their clients&#146; or funds&#146;
investment objectives. There are separate, independently developed principles and voting policies that are applied to BlackRock&#146;s index equity investments by a distinct and independent function, BlackRock Investment Stewardship.&#8195; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_51"></A>Introduction to BlackRock </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock&#146;s purpose is to help more and more people experience financial well-being. We manage assets on behalf of institutional and
individual clients, across a full spectrum of investment strategies, asset classes, and regions. Our client base includes pension plans, endowments, foundations, charities, official institutions, insurers, and other financial institutions, as well
as individuals around the world. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_52"></A>About BlackRock Active Investment Stewardship </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock Active Investment Stewardship (BAIS) is a specialist team within the Portfolio Management Group and manages BlackRock&#146;s
stewardship engagement and voting on behalf of clients invested in active strategies globally. BAIS is also responsible for engagement with issuers in index fixed income strategies, where appropriate. Our activities are informed by these Global
Engagement and Voting Guidelines (&#147;the Guidelines&#148;) and insights from active investment analysts and portfolio managers, with whom we work closely in engaging companies and voting at shareholder meetings. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Engagement with public companies is the foundation of our approach to stewardship within fundamental active investing. Through direct dialogue
with company leadership, we seek to understand their businesses and how they manage risks and opportunities to deliver durable, risk adjusted financial returns. Generally, portfolio managers and stewardship specialists engage jointly on substantive
matters. Our discussions focus on topics relevant to a company&#146;s success over time including governance and leadership, corporate strategy, capital structure and financial performance, operations and sustainability-related risks, as well as
macro-economic, geopolitical and sector dynamics. We aim to be constructive investors and are generally supportive of management teams that have a track record of financial value creation. We aim to build and maintain strong relationships with
company leadership based on open dialogue and mutual respect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Different active equity strategies may implement these voting guidelines
differently, as a result of the latitude the portfolio manager has to make independent voting decisions aligned with their portfolio objectives and investment strategy. For example, BAIS will generally vote the holdings in Systematic Active Equity
portfolios in accordance with these guidelines. We provide voting recommendations to fundamental equity portfolio managers, who may determine to vote differently based on their portfolio investment objectives and strategy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">These guidelines discuss corporate governance topics on which we may engage with management teams and board directors<SUP
STYLE="font-size:75%; vertical-align:top">1</SUP> and matters that routinely come to a shareholder vote. We recognize that accepted corporate governance norms can differ across markets, and believe these guidelines represent globally applicable
elements of governance that support a company&#146;s ability to manage material risks and opportunities and deliver financial returns to investors. Generally, we believe companies should observe accepted corporate governance norms within their local
markets or, particularly in markets without well-established norms, aspire to widely recognized international best practices. As one of many minority shareholders, BlackRock cannot &#150; and does not try to &#150; direct a company&#146;s strategy
or its implementation. We look to companies to provide disclosures that explain how their approach to corporate governance best aligns with the financial interests of their investors. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_53"></A>Our approach to stewardship within active equities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As shareholders of public companies, BlackRock&#146;s clients have certain fundamental rights, including the right to vote on proposals put
forth by a company&#146;s management or its shareholders. The voting rights attached to these clients&#146; holdings are an important mechanism for investors to express support for, or concern about, a company&#146;s performance. As a fiduciary,
BlackRock is legally required to make proxy voting determinations, on </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP> References to the board, board directors or <FONT STYLE="white-space:nowrap">non-executive</FONT>
directors should be understood to include supervisory boards and their members, where relevant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
behalf of clients who have delegated voting authority to us, in a manner that is consistent with their investment objectives. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In general, we tend to support the recommendations of the board of directors and management. As indicated below, we may vote against
management recommendations when we have concerns about how companies are serving the financial interests of our clients as their shareholders. We take a globally consistent approach to voting but consider the different corporate governance
regulations and norms in various markets. Votes are determined on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis, in the context of a company&#146;s situation and the investment mandate we have
from clients. Please see page 16 for more information about how we fulfil and oversee BlackRock&#146;s <FONT STYLE="white-space:nowrap">non-index</FONT> equity investment stewardship responsibilities. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_54"></A>Our approach to stewardship within fixed income </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Although fixed income investors do not have the right to vote at shareholder meetings, issuer engagement is a component of fixed income
investment strategies at BlackRock, particularly those with sustainability objectives in addition to financial objectives. Most corporate governance-related fixed income engagements are undertaken in conjunction with the active investment
stewardship team, and often active equity investors. In addition to the topics listed below, engagement with fixed income investment teams can help inform an issuer&#146;s approach to structuring specialist issuances, such as green bonds, and the
standard terms and information in bond documentation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_55"></A>Boards of Directors </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Roles and responsibilities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">There is
widespread consensus that the foundation of good corporate governance is an effective board of directors that is able to advise and supervise management in an independent and objective manner.<SUP STYLE="font-size:75%; vertical-align:top">2</SUP>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We look to the board of directors (hereafter &#145;the board&#146;) to have an oversight role in the establishment and realization of a
company&#146;s strategy, purpose and culture. These constructs are interdependent and, when aligned, can better position a company to be resilient in the face of a changing business environment, help reduce the risks of corporate or employee
misconduct, and attract and retain the caliber of workers necessary to deliver financial performance over time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In promoting the success
of the company, the board ensures the necessary resources, policies and procedures are in place to help management meet its strategic objectives within an agreed risk tolerance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">One of the most important responsibilities of the board is to appoint, and remove as necessary, the chief executive officer (CEO). In
addition, the board plays a meaningful role in monitoring the performance of the CEO and other key executives, determining executive compensation, ensuring a rigorous audit, overseeing strategy execution and risk management and engaging with
shareholders, and other stakeholders, as necessary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Composition and effectiveness </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Appointment process </I></B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A formal and
transparent process for identifying and appointing director candidates is critical to ensuring the board is composed of directors with the appropriate mix of skills and experience. The board or a <FONT STYLE="white-space:nowrap">sub-committee</FONT>
should determine the general criteria given the company&#146;s circumstances (<I>e.g.</I>, sector, maturity, geographic footprint) and any additional criteria for a specific role being filled (<I>e.g.</I>, financial expertise, industry track
record). To inform the process, we encourage companies to review the skills and experience of incumbent directors to identify any gaps and whether a director candidate&#146;s characteristics would be additive. We welcome disclosures that explain how
the board considered different skills, backgrounds and experience to ensure the directors collectively can be effective in fulfilling their responsibilities. We assess a company&#146;s board composition against that of its peer group and local
market requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders periodically vote to elect, remove and nominate directors to serve on the board. We may vote against
the election of the most senior independent director, or the chair of the relevant committee, where a company has not demonstrated it has an appointment process that results in a high functioning board with the appropriate complement of skills,
backgrounds and experience amongst the directors to support strong financial performance over time. We may vote against newly nominated directors who do not seem to have the appropriate skills or experience to contribute to the board&#146;s
effectiveness. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Independence </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Director independence from management, significant shareholders or other stakeholders (<I>e.g.</I>, government or employees) is of paramount
importance to the protection of the interests of minority shareholders such as BlackRock&#146;s clients. At least half of the directors should be independent and free from conflicts of interest or undue influence.<SUP
STYLE="font-size:75%; vertical-align:top">3</SUP> This ensures sufficient independent directors to have appropriately independent board
</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify"><SUP
STYLE="font-size:75%; vertical-align:top">2</SUP> See the Corporate Governance Codes of <FONT STYLE="font-family:Times New Roman; font-size:8pt" COLOR="#0563c1"><U>Germany</U></FONT><FONT STYLE="font-family:Times New Roman">, </FONT><FONT
STYLE="font-family:Times New Roman; font-size:8pt" COLOR="#0563c1"><U>Japan</U></FONT><FONT STYLE="font-family:Times New Roman">, and the </FONT><FONT STYLE="font-family:Times New Roman; font-size:8pt" COLOR="#0563c1"><U>UK</U></FONT><FONT
STYLE="font-family:Times New Roman">, as well as the corporate governance principles of the US </FONT><FONT STYLE="font-family:Times New Roman; font-size:8pt" COLOR="#0563c1"><U>Business
Roundtable</U></FONT><FONT STYLE="font-family:Times New Roman"> as examples. </FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">3</SUP>
Common impediments to independence may include but are not limited to: current or recent employment at the company or a subsidiary; being, or representing, a shareholder with a substantial shareholding in the company; interlocking directorships;
lengthy tenure, and having any other interest, business, or other relationship which could, or could reasonably be perceived to, materially interfere with a director&#146;s ability to act in the best interests of the company and shareholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
committees. Companies domiciled in markets with a higher threshold for board independence should meet those requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against the election of <FONT STYLE="white-space:nowrap">non-independent</FONT> directors if the board does not have a sufficient
balance of independence. We may also vote against the election of the chair of the committee responsible for board composition if this is a perennial issue. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Independent board leadership </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Practices across markets differ, as do board structures, but we observe two main approaches to independent board leadership. One is a <FONT
STYLE="white-space:nowrap">non-executive,</FONT> independent chair of the board who is responsible for leading the board in the effective exercise of its duties. The other is a lead or senior independent director, who is responsible for coordinating
with the other <FONT STYLE="white-space:nowrap">non-executive</FONT> directors and working closely with the executive chair on the board agenda and other board procedures. In this case, the executive chair and the lead independent director work
together to ensure the board is effectively fulfilling its responsibilities. In our view, the independent leader of the board, and/or the chair of a relevant committee, should be available to investors to discuss board governance matters such as CEO
succession, executive pay, and board performance. We look to boards to explain their independent board leadership model and how it serves the interests of shareholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against the election of the chair of the committee responsible for board composition if there is not an identified independent
leader of the board with clear responsibilities for board performance. We may vote against the most senior independent director if the board has a policy of not engaging with shareholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Tenure and succession </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Boards
should establish the length of time a director would normally be expected to serve, in line with market norms where those exist. In such markets, we find it helpful when companies disclose their approach to director tenure particularly around the
contributions of directors who have served for longer periods than provided for in local practices. In our experience, long-serving directors could become less independent given their relationship with management and involvement in past board
decisions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Succession planning for board roles helps achieve the appropriate cadence of turnover that balances renewal through the
regular introduction of directors with fresh perspectives and expertise with continuity through the retention of directors with long-term knowledge of the board and company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In markets where there is not specific director tenure guidance, we may vote against the election of the chair of the committee responsible
for board composition if there is not a clearly disclosed approach to director tenure and board renewal. We may vote against the election of directors who have served for longer duration than typical in markets with specific guidance, where the case
for their continued service is not evident. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Capacity </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To be effective and engaged, directors must commit appropriate time and energy to the role. A board should assess the ability of its members
to maintain an appropriate focus on board matters and the company taking into consideration competing responsibilities. We recognize that board leadership roles vary across markets in responsibilities and required time commitment but note that they
are generally more intensive than a standard directorship. We will take local norms and practices into consideration when making our voting determinations across markets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against the election of directors who do not seem to have sufficient capacity to effectively fulfil their duties to the board and
company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Director elections </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In support of director accountability to shareholders, directors should stand for election on a regular basis, ideally annually. A classified
board structure may be justified by a company when it needs consistency and stability during a time of transition, or on the basis of its business model, <I>e.g.</I>, a <FONT STYLE="white-space:nowrap">non-operating</FONT> company such as <FONT
STYLE="white-space:nowrap">closed-end</FONT> funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders should have the opportunity to evaluate nominated directors individually
rather than in bundled slates. We look to companies to provide sufficient information on each director standing for election so that shareholders can assess their capabilities and suitability. We will not support the election of directors whose
names and biographical details have not been disclosed sufficiently in advance of the shareholder meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Each director&#146;s
appointment should be dependent on receiving a simple majority of the votes cast at the shareholder meeting. Where a company&#146;s practices differ, we look to the board to provide a detailed explanation as to how its approach best serves
investors&#146; interests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote for shareholder or management proposals seeking to establish annual election of directors and/or a
simple majority vote standard for director elections. We may vote against all the directors standing for election as part of a single slate if we have concerns about the profile or performance of an individual director. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Committees </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Many boards establish
committees to focus on specific responsibilities of the board such as audit and risk, governance and human capital, and executive compensation, amongst other matters. We do not prescribe to companies what committees they should establish but we seek
to understand the board&#146;s rationale for the committee structure it determines is appropriate. We note that, in some markets, regulation requires such committees. The responsibilities of each committee should be clear, and the board should
ensure that all critical matters are assigned either to the full board or to one of the committees. The board should disclose to shareholders the structure, membership, proportion of independent directors, and responsibilities of each committee. The
responsibilities we typically see assigned to the three most common committees include: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Audit and risk &#150; oversight responsibilities for the integrity of financial reporting, risk management and
compliance with legal and regulatory requirements; may also play an oversight role in relation to the internal audit function and whistleblowing mechanisms. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Nominating, governance and human capital &#150; ensures appropriate corporate governance principles and practices
including the periodic review of board performance; responsible for succession planning for CEO and key board roles, as well as the director appointment process; may also have oversight responsibilities for human capital management strategies
including corporate culture and purpose. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Executive compensation &#150; determines the compensation policies and programs for the CEO and other executive
officers, approves annual awards and payments under the policies; may also have oversight responsibilities for firm-wide compensation policies. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against the election of the chair of the committee or other directors serving as committee members to convey our concerns and
provide feedback on how a committee has undertaken its responsibilities. We may vote against the election of the most senior <FONT STYLE="white-space:nowrap">non-executive</FONT> director if there is not a clearly disclosed approach to board
committees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Board and director evaluation </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We consider it best practice for companies to conduct an annual review of the performance of the board, the committees, the chair and
individual directors. Periodically, this review could be undertaken by an independent third party able to bring objective perspectives to the board on governance and performance. We encourage </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
companies to disclose their approach to and objectives of evaluations, including any changes made to the board&#146;s approach as a result. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Access to independent advice </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To
support the directors in effectively fulfilling their duties to the company and shareholders, they should have access to independent advice. When circumstances warrant, boards should be able to retain independent third parties to advise on critical
matters. These might include new industry developments such as emergent and disruptive technology, operating events with material consequences for the company&#146;s reputation and/or performance, or significant transactions. Board committees may
similarly retain third parties to advise them on specialist matters such as audit, compensation and succession planning. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_56"></A>Executive compensation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Boards should establish compensation arrangements that enable the company to recruit, retain and reward the caliber of executive management
necessary to lead and operate the company to deliver superior financial returns over time. We focus on alignment between variable pay and a company&#146;s financial performance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Generally, executive compensation arrangements have four components: base salary, annual bonus that rewards performance against short-term
metrics, share-based incentives that reward performance against long-term metrics, and pensions and benefits. In our observation, base salary, pensions and benefits are largely set relative to market norms and benchmarks. The annual bonus and
share-based incentive, or variable pay plans, tend to be tailored to the company, its sector and long-term strategy, as well as the individuals the board is seeking to recruit and motivate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Recognizing the unique circumstances of each company, we determine whether to support a company&#146;s approach to executive compensation on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis. We rely on companies providing sufficient quantitative and qualitative information in their disclosures to enable shareholders to understand the
compensation arrangements and assess the alignment with investors&#146; interests. Features we look for in compensation arrangements include: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Fixed pay components, including base salary, benefits and prerequisites that are appropriate in the context of
the company&#146;s size, sector and market. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Variable pay subject to performance metrics that are closely linked to the company&#146;s short- and long-term
strategic objectives. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Long-term incentives that motivate sustained performance across a multi-year period. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A balance between fixed and variable pay, short- and long-term incentives, and specific instruments (cash and
equity awards) that promotes pay program durability and seldom necessitates <FONT STYLE="white-space:nowrap">one-off,</FONT> discretionary payments. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Outcomes that are consistent with the returns to investors over the relevant time period. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Board discretion, if allowed within the variable pay arrangements, to be used sparingly, responsibly and
transparently. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A requirement, that participants in long-term share-based incentive plans build a meaningful shareholding in the
company within a defined time period, as determined by the board. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Change of control provisions that appropriately balance the interests of executives and shareholders.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Clawback or malus provisions that allow the company to recoup or hold back variable compensation from individuals
whose awards were based on fraudulent activities, misstated financial reports, or executive misconduct. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Severance arrangements that protect the company&#146;s interests but do not cost more than is contractual.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against proposals to introduce new share-based incentives, approve existing policies or plans, or approve
the compensation report where we do not see alignment between executive compensation arrangements and our clients&#146; financial interests. When there is not an alternative, or where there have been multi-year issues with compensation misaligned
with performance, we may vote against the election of the chair of the responsible committee, or the most senior independent director. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_57"></A><FONT STYLE="white-space:nowrap">Non-executive</FONT> director compensation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Companies generally pay
<FONT STYLE="white-space:nowrap">non-executive</FONT> directors an annual retainer or fee in cash, shares or a combination of the two. Some companies also pay additional fees for service on board committees or in board leadership roles. We do not
support <FONT STYLE="white-space:nowrap">non-executive</FONT> directors participating in performance-based incentive plans as doing so may create a conflict of interest and undermine their independence from management, whom they oversee. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_58"></A>Capital structure </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Boards are responsible for ensuring senior executive leadership has established a capital strategy that achieves appropriate capital allocation
and management in support of long-term financial resilience. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Where company practices diverge from those set out below, we look for
companies to disclose why they view these practices to be aligned with shareholders&#146; interests. We may vote against management proposals seeking capital-related authorities or the election of the most senior independent director if we have
concerns about a company&#146;s approach. We may also support a shareholder proposal seeking conversion of shares with differentiated voting rights to a <FONT STYLE="white-space:nowrap">one-share,</FONT>
<FONT STYLE="white-space:nowrap">one-vote</FONT> standard. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Share</B><I> </I><B>issuance </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We assess requests for share issuance for particular transactions on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis. We will generally support authorities to issue shares when subject to <FONT STYLE="white-space:nowrap">pre-emptive</FONT> rights, and up to 20%
absent <FONT STYLE="white-space:nowrap">pre-emptive</FONT> rights. Companies should seek regular approval of these authorities to allow shareholders to take into consideration how prior authorities were used, as well as the current circumstances of
the company and the market environment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Share buybacks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We assess share buyback proposals in the context of the company&#146;s disclosed capital management strategy and management&#146;s
determination of the appropriate balance between investment that supports the long-term growth of the company and returning cash to investors. We also take into consideration the effect of a buyback program on the company&#146;s balance sheet and
executive compensation arrangements and the price at which shares are repurchased relative to market price. Companies should seek regular approval of these authorities to allow shareholders to take into consideration how prior authorities were used,
as well as the current circumstances of the company and the market environment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We would normally expect companies to cancel repurchased
shares. If a company plans to retain them as treasury shares, management should provide a detailed rationale in the context of the disclosed capital management strategy. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Dividends </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We generally defer to management and the board on dividend policy but may engage to seek further clarification where a proposed dividend
appears out of line with the company&#146;s financial position. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Differentiated voting rights </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We prefer companies to adopt a <FONT STYLE="white-space:nowrap">one-share,</FONT> <FONT STYLE="white-space:nowrap">one-vote</FONT> structure
for share classes with the same economic exposure. Certain companies, particularly those new to public markets, could make the case to adopt a differentiated voting rights structure, or dual class stock. In those situations, we encourage companies
to evaluate and seek approval for their capital structure on a periodic basis. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_59"></A>Transactions and special situations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We monitor developments in transactions and special situations closely and undertake our own detailed analyses of proposals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Mergers and acquisitions </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We evaluate
proposed mergers or acquisitions by assessing the financial outcome for our clients as minority shareholders. Management should provide an assessment of the proposed transaction&#146;s strategic and financial rationale, along with its execution and
operational risks. We review each transaction independently based on these factors and the degree to which the transaction enhances shareholder value. The board should consider establishing an ad hoc transaction committee to undertake an independent
assessment of a significant merger or acquisition, in advance of making its recommendation to shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We will vote against
transactions that, in our assessment, do not advance our clients&#146; financial interests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Anti-takeover defenses </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In principle, we do not support companies using anti-takeover defenses, also known as poison pills or shareholder rights plans, as they can
entrench management and boards which have not delivered long-term shareholder value. By exception, a poison pill may be supported if its purpose is to delay a takeover that is considered <FONT STYLE="white-space:nowrap">sub-optimal</FONT> and enable
management to seek an improved offer. Similarly, management could make the case to use a poison pill to block a shareholder activism campaign that may be counter to the interests of other investors. Defense mechanisms introduced in these
circumstances should be limited in term and threshold, and also be closely monitored by the independent members of the board. We look for a shareholder vote for any mechanisms expected to be in place for more than 12 months. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Shareholder activism </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When companies are
the focus of an activism campaign, we may engage with the activist to understand their analysis and objectives, once they have gone public. We will also engage with company management and possibly board members, especially those the activist may be
seeking to replace. In our assessment, we evaluate various factors, including the concerns raised by the activist and the case for change; the quality of both the activist&#146;s and management&#146;s plans; and the qualifications of each
party&#146;s candidates. We evaluate each contested situation by assessing the potential financial outcome for our clients as minority shareholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may support board candidates nominated by a shareholder activist if the activist has demonstrated that their case for change enhances
shareholder value, or if the incumbent board members do not demonstrate the relevant skills and expertise or have a poor track record of protecting shareholders&#146; interests. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Significant shareholders and related party transactions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Boards of companies with affiliated shareholders or directors should be able to demonstrate that the interests of all shareholders are given
equitable consideration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Transactions with related parties, such as significant shareholders or companies connected with the public
company, should be disclosed in detail and conducted on terms similar to what would objectively have been agreed with a <FONT STYLE="white-space:nowrap">non-related</FONT> party. Such transactions should be reviewed and approved by the independent
members of the board, and if voted on, only disinterested shareholders should vote. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_60"></A>Corporate reporting, risk management and
audit </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Investors depend on corporate reporting, both regulatory and voluntary, to understand a company&#146;s strategy, its
implementation and financial performance, as well as to assess the quality of management and operations and potential for the company to create shareholder value over time. The board should oversee corporate reporting and the policies and procedures
underpinning the internal audit function and external audit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A company&#146;s financial reporting should provide decision-useful
information for investors and other stakeholders on its financial performance and position. It should provide an accurate and balanced assessment of the risks and opportunities the company faces in realizing its long-term strategy. Accordingly, the
assumptions made by management and reviewed by the auditor in preparing the financial statements should be reasonable and justified. Financial statements should be prepared in accordance with globally developed reporting standards and any divergence
from generally accepted accounting principles should be explained in detail and justified. Accounting restatements should be explained in detail and any remedial actions, and the implications of these, disclosed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In this context, audit committees play a vital role in a company&#146;s financial reporting system by providing independent oversight of the
accounts, material financial and, where appropriate to the jurisdiction, nonfinancial information, internal control frameworks and Enterprise Risk Management systems. In our view, effective audit committee oversight strengthens the quality and
reliability of a company&#146;s financial statements and provides an important level of reassurance to shareholders. Audit committees should have a procedure in place for assessing the independence of the auditor and the quality of the external
audit process annually. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Similarly, material sustainability-related factors that are integral to how a company manages risks or generates
revenue should be disclosed. In our view, the standards developed by the International Sustainability Standards Board, can be helpful to companies in preparing such reports.<SUP STYLE="font-size:75%; vertical-align:top"> </SUP><SUP
STYLE="font-size:75%; vertical-align:top">4</SUP> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Companies should establish robust risk management and internal control processes
appropriate to the company&#146;s business, risk tolerance, and regulatory environment. A credible whistleblowing system for employees, and potentially other stakeholders, can be a useful mechanism for ensuring that senior management and the board
are aware of potential misconduct or breaches in risk management and internal control processes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A comprehensive audit conducted by an
independent audit firm contributes to investor confidence in the quality of corporate reporting. It is helpful when the audit report gives some insight into the scope and focus of the audit, as well as any critical audit matters identified and how
these were resolved. A comprehensive and effective audit is time and resource intensive, and the audit fee should be commensurate. Fees paid to the audit firm for <FONT STYLE="white-space:nowrap">non-audit</FONT> consulting should not exceed the
audit fee to a degree that may prompt concerns about the </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">4</SUP> The objective of IFRS S1 General Requirements for Disclosure of Sustainability-related
Financial Information is to require an entity to disclose information about its sustainability-related risks and opportunities that is useful to primary users of general-purpose financial reports in making decisions relating to providing resources
to the entity. The objective of IFRS S2 Climate-related Disclosures is to require an entity to disclose information about its climate-related risks and opportunities that is useful to primary users of general-purpose financial reports in making
decisions relating to providing resources to the entity. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
independence of the audit. The audit committee should explain its position on auditor tenure and how it confirmed that the auditor remained independent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against the election of the responsible directors if corporate reporting is insufficient or there are material misstatements in
financial reports. In markets where relevant, we may vote against a proposal to approve the financial statements or the discharge of the board when we are concerned about the quality of the reporting or the audit. We may vote against proposals to
appoint the auditor, ratify the audit report, or approve the audit fee if we are concerned about the auditor&#146;s independence, the quality of the audit, or there are material misstatements in financial reports and the board has not established
reasonable remediation plans. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_61"></A>Shareholder rights and protections </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>General shareholder meetings </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Companies
normally have an annual general meeting of shareholders at which routine and <FONT STYLE="white-space:nowrap">non-routine</FONT> items of business are discussed and voted on by shareholders in attendance or submitting proxy votes. Companies should
disclose materials relevant to the shareholder meeting sufficiently in advance so that shareholders can take them into consideration in their voting decisions. Many companies offer shareholders the option of participating in the meeting virtually
which, whilst welcome, should not limit the rights of shareholders to participate as they would during an <FONT STYLE="white-space:nowrap">in-person</FONT> meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against directors when materials related to the business of the shareholder meeting are not provided in a timely manner or do not
provide sufficient information for us to take an informed voting decision. We may vote against directors if the format of the shareholder meeting does not accommodate reasonable shareholder participation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Bylaw amendments </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We review bylaw
amendments proposed by management on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis and will generally support those that are aligned with the interests of minority shareholders. Any material
changes to the bylaws should be explained in detail and put to a shareholder vote. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against bylaw amendments that reduce
shareholder rights and protections. We may vote against directors if material changes are made to the bylaws without shareholder approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If not provided for in the relevant corporate law, company bylaws should allow shareholders, individually or as a group, with a meaningful
shareholding the right to call a special meeting of shareholders. The shareholding required to exercise this right should balance its utility with the cost to the company of holding special meetings. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If not provided for in the relevant corporate law, company bylaws should allow shareholders, individually or as a group, with a meaningful
shareholding the right to nominate directors to the company&#146;s board. The threshold for this right should be set so that shareholders can exercise it without being unduly disruptive to the board&#146;s own nomination process. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Whilst we would not use either of these rights ourselves, we see them as important accountability mechanisms. We may vote for a shareholder
proposal seeking the addition of either of these provisions to a company&#146;s bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Change of domicile </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We generally defer to management on proposals to change a company&#146;s domicile as long as the rationale for doing so is consistent with the
company&#146;s long-term strategy and business model and the related costs are immaterial. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against directors or a proposal to change a company&#146;s domicile where it
does not seem aligned with our clients&#146; financial interests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Changes to a company&#146;s purpose or the nature of its business </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Plans to materially change the nature of a company&#146;s business or its purpose should be disclosed and explained in the context of long-term
strategy and business dynamics. Such changes may significantly alter an investor&#146;s views on the suitability of a company for their investment strategy or portfolio. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Where relevant, we may vote against proposals to change a company&#146;s purpose or the nature of its business if the board has not provided a
credible argument for change. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_62"></A>Shareholder proposals </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Shareholders in many markets, who meet certain eligibility criteria, have the right to submit proposals to the general shareholder meeting
asking a company to take a particular course of action subject to the proposal being supported by a majority of votes cast at the meeting. The topics raised address a range of governance, social and environmental matters that may be relevant to a
company&#146;s business. Shareholder proposals are considered by many investors to be an escalation tool when a company is unresponsive to their engagement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We vote on these proposals on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis. We assess
the relevance of the topic raised to a company&#146;s business and its current approach, whether the actions sought are consistent with shareholders&#146; interests, and what impact the proposal being acted upon might have on financial performance.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Our general approach where we have concerns about a company&#146;s governance, disclosures or performance is to engage to understand the
apparent difference in perspective. If we continue to believe the company is not acting in shareholders&#146; financial interests, we may vote against the election of directors. We may support a relevant shareholder proposal if doing so reinforces
the points made in our engagement or is aligned with our clients&#146; financial interests. We generally do not support shareholder proposals that are legally binding on the company, seek to alter a company&#146;s strategy or direct its operations,
or are unrelated to how a company manages risk or generates financial returns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock is subject to legal and regulatory requirements
in the U.S. that place restrictions and limitations on how we can interact with the companies in which we invest on behalf of our clients, including our ability to submit shareholder proposals. We can vote on behalf of clients who authorize us to do
so, on proposals put forth by others. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_63"></A>Corporate political activities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We seek to understand how companies ensure that their direct and indirect engagement in the policy making process is consistent with their
public statements on policy matters important to the company&#146;s long-term strategy. The board should be aware of the approach taken to corporate political activities as there can be reputational risks arising from inconsistencies. Companies
should, as a minimum, meet all regulatory disclosure requirements on political activities, and ideally, provide accessible and clear disclosures to shareholders on policy positions, public policy engagement activities and political donations. To
mitigate the risk of inconsistencies, companies can usefully assess the alignment between their policy priorities and the policy positions of the trade associations of which they are active members and any engagements undertaken by trade
associations on behalf of members. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Generally, this is an engagement matter, although we may support a relevant shareholder proposal, or
vote against directors, where a company&#146;s disclosures are insufficient, or it becomes public that there is a material contradiction in a company&#146;s public policy positions and its policy engagement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_64"></A>Sustainability, or environmental and social, considerations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We seek to understand how companies manage the risks and opportunities inherent in their business operations. In our experience,
sustainability-related factors<SUP STYLE="font-size:75%; vertical-align:top">5</SUP> that are relevant to a company&#146;s business or material to its financial performance, are generally operational considerations embedded into <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> management systems. Certain sustainability issues may also inform long-term strategic planning, for example, investing in product innovation in anticipation of
changing consumer demand or adapting supply chains in response to changing regulatory requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We recognize that the specific
sustainability-related factors that may be financially material or business relevant will vary by company business model, sector, key markets, and time horizon, amongst other considerations. From company disclosures and our engagement, we aim to
understand how management is identifying, assessing and integrating material sustainability-related risks and opportunities into their business decision-making and practices. Doing so helps us undertake a more holistic assessment of a company&#146;s
potential financial performance and the likely risk-adjusted returns of an investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We may vote against directors or support a
relevant shareholder proposal if we have concerns about how a company is managing or disclosing its approach to material sustainability-related risks that may impact financial returns. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_65"></A>Key stakeholders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In our view, companies should understand and take into consideration the interests of the various parties on whom they depend for their success
over time. It is for each company to determine their key stakeholders based on what is material to their business and long-term financial performance. For many companies, key stakeholders include employees, business partners (such as suppliers and
distributors), clients and consumers, regulators, and the communities in which they operate. Companies that appropriately balance the interests of investors and other stakeholders are, in our experience, more likely to be financially resilient over
time. </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="justify"><SUP
STYLE="font-size:75%; vertical-align:top">5</SUP> By material sustainability-related risks and opportunities, we mean the drivers of risk and financial value creation in a company&#146;s business model that have an environmental or social dependency
or impact. Examples of environmental issues include, but are not limited to, water use, land use, waste management, and climate risk. Examples of social issues include, but are not limited to, human capital management, impacts on the communities in
which a company operates, customer loyalty, and relationships with regulators. It is our view that well-managed companies will effectively evaluate and manage material sustainability-related risks and opportunities relevant to their businesses.
Governance is the core means by which boards can oversee the creation of durable financial value over time. Appropriate risk oversight of business-relevant and material sustainability-related considerations is a component of a sound governance
framework. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#ffce00"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.20em; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_66"></A>Climate and decarbonization investment objectives</B></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; margin-right:0.50em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Certain active BlackRock funds
have climate and decarbonization objectives in addition to financial objectives. Consistent with the objectives of those investment strategies, our stewardship activity in relation to the holdings in those funds differs in some respects from
BAIS&#146; benchmark guidelines, which are described above. Specifically, for those funds&#146; holdings, we look to investee companies to demonstrate that they are aligned with a decarbonization pathway that means their business model would be
viable in a <FONT STYLE="white-space:nowrap">low-carbon</FONT> economy, i.e., one in which global temperature rise is limited to 1.5&deg;C above <FONT STYLE="white-space:nowrap">pre-industrial</FONT> levels. This approach is only taken following
BlackRock receiving the explicit approval from the applicable fund board.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; margin-right:0.50em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The decarbonization stewardship guidelines focus on companies which produce goods and services that
contribute to real world decarbonization or have a carbon intensive business model and face outsized impacts from the low carbon transition, based on reported and estimated scopes 1, 2, and 3 greenhouse gas emissions. These companies should provide
disclosures that set out their governance, strategy, risk management processes and metrics and targets relevant to decarbonization. These disclosures should include an explanation of the decarbonization scenarios a company is using in its near- and
long-term planning, as well as its scope 1, scope 2 and material scope 3 greenhouse gas (GHG) emissions and reduction targets for scope 1 and 2 emissions. As with the BAIS benchmark policies, we consider the climate-risk reporting standard issued by
the International Sustainability Standards Board, IFRS S2, a useful reference for such reporting.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; margin-right:0.50em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Under these climate- and decarbonization-specific guidelines, BAIS may recommend a vote against
directors or support for a relevant shareholder proposal if a company does not appear to be adequately addressing or disclosing material climate-related risks. We may recommend supporting shareholder proposals seeking information relevant to a
company&#146;s stated <FONT STYLE="white-space:nowrap">low-carbon</FONT> transition strategy and targets that the company does not currently provide and that would be helpful to investment decision-making. As under the BAIS benchmark approach, the
active portfolio managers are ultimately responsible for voting consistent with their investment mandate and fund objectives.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman"><B><A NAME="sai61427_67"></A>Appendix 1: How we fulfill and oversee our active investment stewardship
responsibilities </B></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Oversight </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The
Global Head of BAIS has primary oversight of and responsibility for the team&#146;s activities, including voting in accordance with the BlackRock Active Investment Stewardship Global Engagement and Voting Guidelines (&#147;the Guidelines&#148;),
which require the application of professional judgment and consideration of each company&#146;s unique circumstances, as well as input from active investors. BAIS is independent from BlackRock Investment Stewardship in our engagement and voting
activities, reporting lines, and oversight. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Active Investment Stewardship Oversight Committee, comprised of senior representatives of
the active investment, legal and risk teams, reviews and advises on amendments to BAIS&#146; Global Engagement and Voting Guidelines. The Committee also considers developments in corporate governance, related public policy, and market norms and how
these might influence BAIS&#146; policies and practices. The Committee does not determine voting decisions, which are the responsibility of BAIS and the relevant active equity investors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition, there is a standing advisory group of senior active investors who counsel BAIS on complex or high-profile votes before a
recommendation is finalized and escalated to the portfolio managers with holdings in the company under consideration. This group also formally reviews any revisions to the Engagement and Voting Guidelines proposed by BAIS as part of its annual
review. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BAIS carries out engagement with companies in collaboration with active investment colleagues, executes proxy votes, and conducts
vote operations (including maintaining records of votes cast) in a manner consistent with the Guidelines. BAIS also conducts research on corporate governance issues and participates in industry discussions to contribute to and keep abreast of
important developments in the corporate governance field. BAIS may use third parties for certain of the foregoing activities and performs oversight of those third parties (see &#147;Use and oversight of third-party vote services providers&#148;
below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Voting guidelines and vote execution </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock votes on proxy issues when our clients authorize us to do so. We carefully consider the voting items submitted to funds and other
fiduciary account(s) (Fund or Funds) for which we have voting authority. BlackRock votes (or refrains from voting) for each Fund for which we have voting authority based on our evaluation of the alignment of the voting items with the long-term
economic interests of our clients, in the exercise of our independent business judgment, and without regard to the relationship of the issuer (or any shareholder proponent or dissident shareholder) to the Fund, the Fund&#146;s affiliates (if any),
BlackRock or BlackRock&#146;s affiliates, or BlackRock employees (see &#147;Conflicts management policies and procedures,&#148; below). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When exercising voting rights, BAIS will normally vote on specific proxy issues in accordance with the Guidelines, although portfolio managers
have the right to vote differently on their holdings if they determine doing so is more aligned with the investment objective and financial interests of clients invested in the funds they manage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Guidelines are not intended to be exhaustive. BAIS applies the Guidelines on a <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis, in the context of the individual circumstances of each company and the specific issue under review. As such, the Guidelines do not indicate how BAIS will vote in every instance. Rather,
they reflect our view about corporate governance issues generally, and provide insight into how we typically approach issues that commonly arise on corporate ballots. The Guidelines are reviewed annually and updated as necessary to reflect changes
in market practices, developments in corporate governance and feedback from companies and clients. In this way, BAIS aims to maintain policies that explain our approach to governance practices most aligned with clients&#146; long-term financial
interests. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In certain markets, proxy voting involves logistical issues which can affect BAIS&#146;
ability to vote such proxies, as well as the desirability of voting such proxies. These issues include, but are not limited to: i) untimely notice of shareholder meetings; ii) restrictions on a foreigner&#146;s ability to exercise votes; iii)
requirements to vote proxies in person; iv) &#147;share-blocking&#148; (requirements that investors who exercise their voting rights surrender the right to dispose of their holdings for some specified period in proximity to the shareholder meeting);
v) potential difficulties in translating the proxy; vi) regulatory constraints; and vii) requirements to provide local agents with unrestricted powers of attorney to facilitate voting instructions. We are not supportive of impediments to the
exercise of voting rights such as share-blocking or overly burdensome administrative requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock votes proxies in these
situations on a &#147;best-efforts&#148; basis. In addition, BAIS may determine that it is generally in the interests of BlackRock&#146;s clients not to vote proxies (or not to vote our full allocation) if the costs (including but not limited to
opportunity costs associated with share-blocking constraints) associated with exercising a vote are expected to outweigh the benefit the client would derive by voting on the proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Voting Choice </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock offers <U>Voting
Choice</U>, a program that provides eligible clients with more opportunities to participate in the proxy voting process where legally and operationally viable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Voting Choice is currently available for eligible clients invested in certain institutional pooled funds in the U.S., UK, and Canada that use
systematic active equity (SAE) and multi-asset strategies. In addition, institutional clients in separately managed accounts (SMAs) are eligible for BlackRock Voting Choice regardless of their investment strategies.<SUP
STYLE="font-size:75%; vertical-align:top">6</SUP> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As a result, the shares attributed to BlackRock in company share registers may be voted
differently depending on whether our clients have authorized BAIS to vote on their behalf, have authorized BlackRock to vote in accordance with a third-party policy, or have elected to vote shares in accordance with their own policy.&nbsp;Our
clients have greater control over proxy voting because of Voting Choice. BlackRock does not disclose client information, including a client&#146;s selection of proxy policy, without client consent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Use and oversight of third-party vote services providers </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Third-party vote services providers &#150; or proxy research firms - provide research and recommendations on proxy votes, as well as voting
infrastructure. As mentioned previously, BlackRock contracts primarily with the vote services provider ISS and leverages its online platform to supply research and support voting, record keeping, and reporting processes. We also use Glass
Lewis&#146; research and analysis as an input into our voting process. It is important to note that, although proxy research firms provide important data and analysis, BAIS does not rely solely on their information or follow their voting
recommendations. A company&#146;s disclosures, our past engagements and voting, investment colleagues&#146; insights and our voting guidelines are important inputs into our voting decisions on behalf of clients. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Given the large universe of actively held companies, BAIS employs the proxy services provider to streamline the voting process by making
voting recommendations based on BAIS&#146; voting guidelines when the items on a shareholder meeting agenda are routine. Agenda items that are not routine are referred back to BAIS to assess, escalate as necessary to the relevant portfolio managers
and vote. BAIS reviews and can override the recommendations of the vote services provider at any time prior to the vote deadline. Both BAIS and the vote services provider actively monitor securities filings, research reports, company announcements,
and direct communications from companies to ensure awareness of supplemental disclosures and proxy materials that may require a modification of votes.
</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">6</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="justify">With Voting Choice, SMAs have the ability to select from a set of voting policies from third-party proxy
advisers the policy that best aligns with their views and preferences. BlackRock can then use its proxy voting infrastructure to cast votes based on the client&#146;s selected voting policy. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BAIS closely monitors the third-party vote services providers we contract with to ensure
that they are meeting our service level expectations and have effective policies and procedures in place to manage potential conflicts of interest. Our oversight of service providers includes regular meetings with client service teams, systematic
monitoring of vendor operations, as well as annual due diligence meetings in accordance with BlackRock&#146;s firmwide policies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Conflicts management
policies and procedures </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BAIS maintains policies and procedures that seek to prevent undue influence on BlackRock&#146;s proxy voting
activity. Such influence might stem from any relationship between the investee company (or any shareholder proponent or dissident shareholder) and BlackRock, BlackRock&#146;s affiliates, a Fund or a Fund&#146;s affiliates, or BlackRock employees.
The following are examples of sources of perceived or potential conflicts of interest: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BlackRock clients who may be issuers of securities or proponents of shareholder resolutions
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BlackRock business partners or third parties who may be issuers of securities or proponents of shareholder
resolutions </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BlackRock employees who may sit on the boards of public companies held in Funds managed by BlackRock
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Significant BlackRock, Inc. investors who may be issuers of securities held in Funds managed by BlackRock
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Securities of BlackRock, Inc. or BlackRock investment funds held in Funds managed by BlackRock
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BlackRock, Inc. board members who serve as senior executives or directors of public companies held in Funds
managed by BlackRock </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BlackRock has taken certain steps to mitigate perceived or potential conflicts including, but not
limited to, the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Adopted the Guidelines which are designed to advance our clients&#146; long-term economic interests in the
companies in which BlackRock invests on their behalf </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Established a reporting structure that separates BAIS from employees with sales, vendor management, or
business partnership roles. In addition, BlackRock seeks to ensure that all engagements with corporate issuers, dissident shareholders or shareholder proponents are managed consistently and without regard to BlackRock&#146;s relationship with such
parties. Clients or business partners are not given special treatment or differentiated access. BAIS prioritizes engagements based on factors including, but not limited to, our need for additional information to make a voting decision or our view on
the likelihood that an engagement could lead to positive outcome(s) over time for the economic value of the company. Within the normal course of business, BAIS may engage directly with BlackRock clients, business partners and/or third parties,
and/or with employees with sales, vendor management, or business partnership roles, in discussions regarding our approach to stewardship, general corporate governance matters, client reporting needs, and/or to otherwise ensure that proxy-related
client service levels are met </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Determined to engage, in certain instances, an independent third-party voting service provider to make proxy
voting recommendations as a further safeguard to avoid potential conflicts of interest, to satisfy regulatory compliance requirements, or as may be otherwise required by applicable law. In such circumstances, the independent third-party voting
service provider provides BlackRock with recommendations, in accordance with the Guidelines, as to how to vote such proxies. BlackRock uses an independent third-party voting service provider to make proxy voting recommendations for shares of
BlackRock, Inc. and companies affiliated with BlackRock, Inc. BlackRock may also use an independent third-party voting service provider to make proxy voting recommendations for: </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">o</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">public companies that include BlackRock employees on their boards of directors </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">o</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">public companies of which a BlackRock, Inc. board member serves as a senior executive or a member of the
board of directors </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">o</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">public companies that are the subject of certain transactions involving BlackRock Funds
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">o</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">public companies that are joint venture partners with BlackRock, and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">o</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">public companies when legal or regulatory requirements compel BlackRock to use an independent third-party
voting service provider </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In selecting an independent third-party voting service provider, we assess several
characteristics, including but not limited to: independence, an ability to analyze proxy issues and make recommendations in the economic interest of our clients in accordance with the Guidelines, reputation for reliability and integrity, and
operational capacity to accurately deliver the assigned recommendations in a timely manner. We may engage more than one independent third-party voting service provider, in part to mitigate potential or perceived conflicts of interest at a single
voting service provider. The Active Investment Stewardship Oversight Committee appoints and reviews the performance of the independent third-party voting service providers, generally on an annual basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Securities lending </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">When so authorized,
BlackRock acts as a securities lending agent on behalf of Funds. Securities lending is a well-regulated practice that contributes to capital market efficiency. It also enables funds to generate additional returns while allowing fund providers to
keep fund expenses lower. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">With regard to the relationship between securities lending and proxy voting, BlackRock cannot vote shares on
loan and may determine to recall them for voting, as guided by our fiduciary duty as an asset manager to our clients in helping them achieve their investment goals. While this has occurred in a limited number of cases, the decision to recall
securities on loan as part of BlackRock&#146;s securities lending program in order to vote is based on an evaluation of various factors that include, but are not limited to, assessing potential securities lending revenue alongside the potential
long-term financial value to clients of voting those securities (based on the information available at the time of recall consideration). BAIS works with active portfolio managers, as well as colleagues in the Securities Lending and Risk and
Quantitative Analysis teams, to evaluate the costs and benefits to clients of recalling shares on loan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In almost all instances,
BlackRock anticipates that the potential long-term financial value to clients of voting shares would not warrant recalling securities on loan. However, in certain instances, BlackRock may determine, in our independent business judgment as a
fiduciary, that the value of voting outweighs the securities lending revenue loss to clients and would therefore recall shares to be voted in those instances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Periodically, BlackRock reviews our process for determining whether to recall securities on loan in order to vote and may modify it as
necessary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Reporting and vote transparency </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">BAIS is committed to transparency in the stewardship work we do on behalf of clients. We inform clients about our engagement and voting
policies and activities through direct communication and disclosure on our <U>website</U>. </P> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="justify">Want to know more? </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>blackrock.com/stewardship</U> | <U>ContactActiveStewardship@blackrock.com</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The document is provided for information purposes only and is subject to change. Reliance upon this information is at the sole discretion of
the reader. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Prepared by BlackRock, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&copy;2024 BlackRock, Inc. All rights reserved. BLACKROCK is a trademark of BlackRock, Inc., or its subsidiaries in the United States and
elsewhere. All other trademarks are those of their respective owners. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sai61427_31"></A>APPENDIX C </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPECIAL CONSIDERATIONS REGARDING INVESTMENTS IN NEW YORK MUNICIPAL SECURITIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following information is a brief summary of factors affecting the economy of New York City (the &#147;City&#148; or &#147;New York
City&#148;) or New York State (the &#147;State&#148;, &#147;New York&#148; or &#147;NYS&#148;) and does not purport to be a complete description of such factors. Other factors will affect issuers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>The summary is based primarily upon the most recent publicly available offering statements relating to debt offerings of state and local
issuers and other financial and demographic information, as of April&nbsp;9, 2025 with respect to the City and June 12, 2025 with respect to the State, and it does not reflect recent developments since the dates of such offering statements and other
information. Neither the Acquiring Fund nor its legal counsel has independently verified this information. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State, some of its
agencies, instrumentalities and public authorities and certain of its municipalities have sometimes faced serious financial difficulties that could have an adverse effect on the sources of payment for, or the market value of, the New York municipal
bonds in which the Acquiring Fund invests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NEW YORK CITY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>General.</B> The City, with an estimated population of approximately 8.5&nbsp;million as of July 2024, is an international center of
business and culture. Its economy is broadly based, with the banking, securities, insurance, technology, information, publishing, fashion, design, retailing, education and health care industries accounting for a significant portion of the
City&#146;s total employment earnings. Additionally, the City is a leading tourist destination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For each of the 1981 through 2024 fiscal
years, the City&#146;s General Fund had an operating surplus, before discretionary and other transfers, and achieved balanced operating results as reported in accordance with generally accepted accounting principles (&#147;GAAP&#148;), after
discretionary and other transfers and except for the application of Governmental Accounting Standards Board (&#147;GASB&#148;) Statement No.&nbsp;49 (&#147;GASB 49&#148;) and without regard to certain fund balances, which may be carried forward as
described below. City fiscal years end on June&nbsp;30 and are referred to by the calendar year in which they end. The City has been required to close substantial gaps between forecast revenues and forecast expenditures in order to maintain balanced
operating results. There can be no assurance that the City will continue to maintain balanced operating results as required by State law without proposed tax or other revenue increases or reductions in City services or entitlement programs, which
could adversely affect the City&#146;s economic base. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As required by the New York State Financial Emergency Act for The City of New York
(the &#147;Financial Emergency Act&#148;) and the New York City Charter (the &#147;City Charter&#148;), the City prepares a four-year annual financial plan, which is reviewed and revised on a quarterly basis and which includes the City&#146;s
capital, revenue and expense projections and outlines proposed <FONT STYLE="white-space:nowrap">gap-closing</FONT> programs for years with projected budget gaps. The City&#146;s current financial plan projects budget balance in the 2025 and 2026
fiscal years in accordance with GAAP except for the application of GASB 49 and without regard to certain fund balances, which may be carried forward as described below. In 2010, the Financial Emergency Act was amended to waive the budgetary impact
of GASB 49 by enabling the City to continue to finance with bond proceeds certain pollution remediation costs. In addition, the City may, without violating its budget balance requirements, carry forward to a subsequent fiscal year or fiscal years
unspent balances from certain funds restricted as to their use, as well as balances in the Health Insurance Stabilization Fund, School Crossing Guards Health Insurance Fund, Management Benefits Fund and Revenue Stabilization Fund. The City&#146;s
current financial plan projects budget gaps for the 2027 through 2029 fiscal years. A pattern of current year balance and projected future year budget gaps has been consistent through the entire period since 1982, during which the City has achieved
an excess of revenues over expenditures, before discretionary and other transfers, for each fiscal year. The City is required to submit its financial plans to the New York State Financial Control Board (the &#147;Control Board&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For its normal operations, the City depends on aid from the State both to enable the City to balance its budget and to meet its cash
requirements. There can be no assurance that there will not be delays or reductions in State aid to the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
City from amounts currently projected; that State budgets for future State fiscal years will be adopted by the April&nbsp;1 statutory deadline, or interim appropriations will be enacted; or that
any such reductions or delays will not have adverse effects on the City&#146;s cash flow or expenditures. In addition, the City has made various assumptions with respect to federal aid. Future federal actions or inactions could have adverse effects
on the City, both directly and indirectly through State aid to localities reductions that will need to be taken in the absence of additional federal aid to the State. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Mayor is responsible under the City Charter for preparing the City&#146;s annual expense and capital budgets (as adopted, the
&#147;Expense Budget&#148; and the &#147;Capital Budget,&#148; respectively, and collectively, the &#147;Budgets&#148;) and for submitting the Budgets to the City Council for its review and adoption. The Expense Budget covers the City&#146;s
operating expenditures for municipal services, while the Capital Budget covers expenditures for capital projects, as defined in the City Charter, in each case for the City fiscal year. Operations under the Expense Budget must reflect the aggregate
expenditure limitations contained in financial plans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Mayor is also responsible for preparing the City&#146;s financial plan, which
relates to the City and certain entities that receive funds from the City. The financial plan is modified quarterly. The City&#146;s projections set forth in the financial plan are based on various assumptions and contingencies which are uncertain
and which may not materialize. Such assumptions and contingencies include the condition of the international, national, regional and local economies, the provision of State and federal aid and other State and federal actions and inactions, such as
the potential consequences of not resolving the federal debt ceiling negotiations, the impact on City revenues and expenditures of any future federal or State legislation and policies affecting the City and the cost of pension structures and
healthcare. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Implementation of the financial plan is dependent on the City&#146;s ability to successfully market its bonds and notes.
Implementation of the financial plan is also dependent upon the ability to market the securities of other financing entities including the New York City Municipal Water Finance Authority (the &#147;Water Authority&#148;) and the New York City
Transitional Finance Authority (&#147;TFA&#148;). The success of projected public sales of City, Water Authority, TFA and other bonds and notes will be subject to prevailing market conditions. Future developments in the financial markets generally,
as well as future developments concerning the City, and public discussion of such developments, may affect the market for outstanding City general obligation bonds and notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City Comptroller and other agencies and public officials, from time to time, issue reports and make public statements which, among other
things, state that projected revenues and expenditures may be different from those forecast in the City&#146;s financial plans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>City
Financial Plan.</B> For the 2024 fiscal year, the City&#146;s General Fund had a total surplus of $4.4&nbsp;billion, before discretionary and other transfers, and achieved balanced operating results in accordance with GAAP, except for the
application of GASB 49 and without regard to certain fund balances permitted to be carried forward, after discretionary and other transfers. The 2024 fiscal year was the forty-fourth consecutive year that the City achieved balanced operating results
when reported in accordance with GAAP, except for the application of GASB 49 and without regard to certain fund balances permitted to be carried forward. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2025-2029 Financial Plan </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For
June&nbsp;30, 2024, the City submitted to the Control Board the financial plan for the 2024 through 2028 fiscal years (the &#147;June Financial Plan&#148;), which was consistent with the City&#146;s capital and expense budgets as adopted for the
2025 fiscal year. On November&nbsp;20, 2024, the City submitted to the Control Board a modification to the June Financial Plan (as so modified, the &#147;November Financial Plan&#148;). On January&nbsp;16, 2025, the Mayor released the preliminary
budget for the 2026 fiscal year and the City submitted to the Control Board a modification to the November Financial Plan for the 2025 through 2029 fiscal years (as so modified, the &#147;Financial Plan&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan projects revenues and expenses for the 2025 and 2026 fiscal years balanced in accordance with GAAP, except as described
above, and projects gaps of approximately $4.25&nbsp;billion, $5.38&nbsp;billion and $5.08&nbsp;billion in fiscal years 2027, 2028 and 2029, respectively. The June Financial Plan had projected revenues and expenses for the 2024 and 2025 fiscal years
balanced in accordance with GAAP, except as described above, and had projected gaps of approximately $5.5&nbsp;billion, $5.59&nbsp;billion and $6.47&nbsp;billion in fiscal years 2026 through 2028, respectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan reflects, since the June Financial Plan, increases in projected net
revenues of $1.43&nbsp;billion, $2.02&nbsp;billion, $1.24&nbsp;billion and $1.31&nbsp;billion in fiscal years 2025 through 2028, respectively. Changes in projected revenues include: (i)&nbsp;increases in real property tax revenues of
$59&nbsp;million, $209&nbsp;million, $163&nbsp;million and $299&nbsp;million in fiscal years 2025 through 2028, respectively; (ii)&nbsp;increases in personal income tax and pass-through entity tax revenues of $124&nbsp;million and $210&nbsp;million
in fiscal years 2025 and 2026, respectively; (iii)&nbsp;increases in business tax revenues of $1.09&nbsp;billion, $1.58&nbsp;billion, $1.01&nbsp;billion and $1.02&nbsp;billion in fiscal years 2025 through 2028, respectively; (iv)&nbsp;decreases in
sales tax revenues of $83&nbsp;million, $71&nbsp;million, $40&nbsp;million and $42&nbsp;million in fiscal years 2025 through 2028, respectively; (v)&nbsp;decreases in real estate transaction tax revenues of $24&nbsp;million, $17&nbsp;million,
$53&nbsp;million and $58&nbsp;million in fiscal years 2025 through 2028, respectively; (vi)&nbsp;increases in hotel tax revenues of $18&nbsp;million, $26&nbsp;million, $38&nbsp;million and $10&nbsp;million in fiscal years 2025 through 2028,
respectively; and (vii)&nbsp;increases in other tax revenues of $131&nbsp;million, $109&nbsp;million, $142&nbsp;million and $117&nbsp;million in fiscal years 2025 through 2028, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Changes in net projected revenues also include (i)&nbsp;increases in <FONT STYLE="white-space:nowrap">non-tax</FONT> revenues of
$100&nbsp;million, $45&nbsp;million, $39&nbsp;million and $38&nbsp;million in fiscal years 2025 through 2028, respectively; (ii)&nbsp;decreases in personal income tax revenues of $63&nbsp;million, $65&nbsp;million and $68&nbsp;million in fiscal
years 2026 through 2028, respectively, due to increases in tax refunds if the proposed &#147;Axe the Tax&#148; program is enacted; and (iii)&nbsp;an increase in unrestricted aid revenues of $16&nbsp;million in fiscal year 2025. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan also reflects, since the June Financial Plan, net decreases in projected net expenditures of $916&nbsp;million,
$1.14&nbsp;billion and $109&nbsp;million in fiscal years 2025 through 2027, respectively, and a net increase in projected net expenditures of $225&nbsp;million in fiscal year 2028. Changes in projected expenditures include: (i)&nbsp;increases in
agency expenses of $3.77&nbsp;billion, $883&nbsp;million, $708&nbsp;million and $719&nbsp;million in fiscal years 2025 through 2028, respectively; (ii)&nbsp;decreases in projected personal services and other than personal services expenses of
$316&nbsp;million in fiscal year 2025 and $56&nbsp;million in each of fiscal years 2026 through 2028; (iii) decreases in certain costs of providing services to asylum seekers of $1.53&nbsp;billion, $1.40&nbsp;billion, and $400&nbsp;million in fiscal
years 2025 through 2027, respectively; (iv)&nbsp;decreases in certain labor reserves expenses of $400&nbsp;million in fiscal year 2025; (v) decreases in pension contributions of $276&nbsp;million, $519&nbsp;million, $351&nbsp;million and
$542&nbsp;million in fiscal years 2025 through 2028, respectively; (vi)&nbsp;decreases in debt service of $221&nbsp;million, $45&nbsp;million and $10&nbsp;million in fiscal years 2025 through 2027, respectively, and an increase in debt service of
$104&nbsp;million in fiscal year 2028; (vii) a decrease in the general reserve of $1.15&nbsp;billion in fiscal year 2025; (viii) a decrease in the capital stabilization reserve of $250&nbsp;million in fiscal year 2025; (ix) a decrease of
$550&nbsp;million in fiscal year 2025 reflecting a <FONT STYLE="white-space:nowrap">re-estimate</FONT> of prior years&#146; expenses and receivables. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan reflects, since the June Financial Plan, provision of $2.34&nbsp;billion for the prepayment in fiscal year 2025 of fiscal
year 2026 expenses, resulting in an equivalent expenditure reduction in fiscal year 2026. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan assumes total federal
categorical grants of $9.69&nbsp;billion, $7.37&nbsp;billion, $7.19&nbsp;billion, $7.24&nbsp;billion and $7.31&nbsp;billion in fiscal years 2025 through 2029, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City receives significant funding from the federal government for community development, social services, education and other purposes
pursuant to various federal programs. The Trump administration has issued a series of executive orders and other policy documents and notices which, if legally enforceable and fully implemented, would impact federal spending programs, including
federal funds payable to the City and City related entities, including the New York City Housing Authority (&#147;NYCHA&#148;) and the New York City Health and Hospitals Corporation (&#147;NYCHH&#148;). The City has received several notices from the
federal government related to specific federal funding which may result in a pause, delay or termination of the City&#146;s receipt of federal funds for the identified programs. The City expects to receive additional notices in the future. The City
is reviewing the relevant orders, policy documents and notices, and continues to analyze their potential impact on the City. It is not possible at this time to predict the effect these executive orders, notices or other potential changes, when taken
individually or as a whole, will have on the City&#146;s economy and the Financial Plan. To the extent that implementation of these executive orders or related policy documents and notices would result in the material reduction of federal aid to the
City, the City expects to take appropriate actions to seek to maintain such aid. There can be no guarantee that implementation of these or future executive orders or other efforts to limit federal funding will not result in reductions or delay in
receiving such aid. Legislative proposals which could restrict eligibility for federal grants have also been introduced in Congress. The likelihood of such proposals being enacted, or the impact such proposals may have on the City if enacted, cannot
be determined at this time, but any such impact may be significant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-3 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On February&nbsp;11, 2025, without any prior administrative notice or process, the federal
government clawed back approximately $80&nbsp;million of federal grant funds for asylum seeker costs, which the City had received in early February. On February&nbsp;19, 2025, the City received a letter from the Department of Homeland Security
(&#147;DHS&#148;)/Federal Emergency Management Agency (&#147;FEMA&#148;) notifying the City that such clawed back funds, along with approximately $37&nbsp;million of asylum seeker grants awarded but not yet received by the City, are being withheld
temporarily. Additionally, the letter states that such funds, as well as federal grant funds for asylum seeker costs of approximately $25.5&nbsp;million and $45.1&nbsp;million, received by the City on July&nbsp;25, 2024, and January&nbsp;7, 2025,
respectively, are subject to additional monitoring and review by DHS/FEMA. Such monitoring and review could result in a reduction of such federal funding. The City is reviewing additional options available to it in response to the February&nbsp;19,
2025 letter, including pursuing an appeal of FEMA&#146;s decision to temporarily withhold payments. On February&nbsp;21, 2025, the City filed suit in federal court, seeking a preliminary and permanent injunction and temporary restraining order
against the federal government related to such funds. On March&nbsp;5, 2025, the Court denied the City&#146;s request for a temporary restraining order. On March&nbsp;20, 2025, the City filed an amended complaint. The City is reviewing the options
available to it related to this litigation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Governor&#146;s Executive Budget for the State released January&nbsp;21, 2025 (the
&#147;Governor&#146;s Executive Budget&#148;) includes proposals which, if enacted, will result in increased costs to the City. Such proposals, the costs of which are not reflected in the Financial Plan, include: (i)&nbsp;a requirement that the City
contribute a total of $3&nbsp;billion towards the Metropolitan Transportation Authority&#146;s (&#147;MTA&#148;) 2025-2029 Capital Program, concurrent with a required State contribution of $3&nbsp;billion; (ii)&nbsp;a requirement that the City
continue to fund the MTA&#146;s net paratransit operating deficit at the lower of 80% of the deficit or 50% of the deficit plus $165&nbsp;million in each of fiscal years 2026, 2027, 2028 and 2029; and (iii)&nbsp;a requirement that the City fund an
increase in school bus services available after 4 p.m., which is expected to cost the City $1.4&nbsp;million in fiscal year 2026, with a statutory increase tied to Consumer Price Index in each additional year of the Financial Plan. In addition, as
discussed below, the Governor&#146;s Executive Budget does not include any of the additional State funding for City asylum seeker costs assumed in the Financial Plan. The State budget for State fiscal year 2025-2026 is expected to be adopted in
April 2025. The Governor&#146;s Executive Budget includes a proposal which, if enacted, would restructure the amortization payment schedules of unfunded pension liabilities for certain pension systems. The Governor&#146;s Executive Budget is a
proposal and there can be no assurance that any legislation described in the preceding paragraphs will be enacted as currently proposed, or that the State Legislature will not make changes that have an adverse impact on the City&#146;s Financial
Plan projections. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan reflects costs for asylum seeker services of $3.28&nbsp;billion in fiscal year 2025 and
$2.66&nbsp;billion in fiscal year 2026, which matches the City&#146;s projections for such costs using data available as of January 2025. The Financial Plan reflects costs for asylum seeker services of $2.60&nbsp;billion, $850&nbsp;million and
$850&nbsp;million in fiscal years 2027 through 2029, respectively. The City does not have projections for such costs for fiscal years 2027 through 2029. Total projected costs include a ten percent contingency on base estimates to account for the lag
between census reductions and the realization of savings through corresponding operational changes. The City continues to monitor the costs of providing asylum seeker services. The costs for asylum seeker services reflected in the Financial Plan
include funding from a combination of State, City, and federal sources. The Financial Plan reflects State funding for asylum seeker services of $1.32&nbsp;billion, $1.0&nbsp;billion, $1.0&nbsp;billion, $350&nbsp;million and $350&nbsp;million in
fiscal years 2025 through 2029, respectively. The City now estimates it will receive $1.2&nbsp;billion of the $1.32&nbsp;billion of State funding reflected in the Financial Plan for fiscal year 2025, although actual amounts will vary based on actual
expenses and any new funding commitments made by the State. While the Financial Plan reflects additional State funding for asylum seeker costs in fiscal years 2026 and beyond, the Governor&#146;s Executive Budget does not include funding for such
costs. The Financial Plan reflects $60&nbsp;million and $59&nbsp;million in federal funds reimbursements for costs related to asylum seekers in fiscal years 2025 and 2026, respectively, with no federal funding reflected in fiscal years 2027 and
beyond. As noted above, the federal government clawed back approximately $80&nbsp;million of federal grant funds for asylum seeker costs, which the City had received in early February. As discussed above, on February&nbsp;21, 2025, the City filed
suit in federal court against the federal government related to such funds. In addition, as discussed above, the City received a letter from FEMA/DHS on February&nbsp;19, 2025, related to these funds as well as approximately $107&nbsp;million of
other federal funding previously awarded to the City for asylum seeker costs. The City is reviewing additional options available to it in response to these actions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On May&nbsp;25, 2023, the City Council passed four bills that substantially expand eligibility for the City&#146;s housing rental assistance
voucher program for individuals and families who are experiencing or are at risk of homelessness. The bills lift existing eligibility requirements that applicants for vouchers reside or have resided in a City administered shelter,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-4 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
expand income eligibility from 200% of the federal poverty level to 50% of area median income, eliminate all work requirements for some households, and expand eligibility to households that have
received written demands for payment of past rent. The Mayor vetoed the bills on June&nbsp;23, 2023, noting fiscal, operational, policy and legal issues presented by the legislation. The City Council voted to override the vetoes on July&nbsp;13,
2023. The resulting laws, comprised of Local Law Numbers 99, 100, 101 and 102 of 2023, each took effect on January&nbsp;9, 2024. The City Commissioner of Social Services advised the City Council, by letter dated December&nbsp;15, 2023, that in light
of the issues identified in the Mayor&#146;s veto messages, the City would not be implementing the local laws at that time. The Legal Aid Society filed a lawsuit in the New York State Supreme Court, New York County on February&nbsp;14, 2024, against
the City. On February&nbsp;21, 2024, the City Council moved to intervene in the Legal Aid Society&#146;s lawsuit. The Mayor disputed the merits of these claims. On August&nbsp;1, 2024, the Court denied the petitions from Legal Aid Society and from
the City Council, ruling that the Mayor established that the four bills are invalid as preempted by State law. The City Council and Legal Aid Society noticed appeals to the Appellate Division, First Department. Those appeals have been fully briefed
and oral argument was heard on February&nbsp;4, 2025. If a court were to determine that these laws require that each eligible individual and family be provided with a rental assistance voucher, the Mayor estimates that they would cost the City
approximately $17.0&nbsp;billion over the years of the Financial Plan. The full fiscal impact of implementing these laws in this manner is not reflected in the Financial Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan does not reflect for fiscal years 2026 through 2029, the full cost of complying with the requirements included in the State
fiscal year 2024 budget (&#147;State 2024 Budget&#148;) that adoption, foster care, and related service providers be compensated at 100% of maximum State aid rates, which is expected to cost the City up to $139&nbsp;million per fiscal year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan does not reflect the full cost of complying with a State law enacted in 2022 which mandates certain maximum class sizes in
public school kindergarten through twelfth grades, to be phased in over five years. The City met the minimum class size requirement in fiscal years 2024 and 2025. For the City to meet the minimum class size requirement in fiscal year 2026 and beyond
additional funding, not currently reflected in the Financial Plan, is required. Such additional funding required is estimated to be up to $1.9&nbsp;billion in City expense funding per fiscal year when the law is fully phased in by fiscal year 2028,
with additional capital funding required for the construction of new capacity. The total amount of additional capital funding required has not yet been determined but is likely significant. In addition, the Financial Plan does not fully reflect
likely future costs for legally mandated tuition for special education students unilaterally placed by their families in private school settings or for other privately provided services for special education students in private school settings. The
City is closely monitoring these costs and while the amounts are not currently known, they are likely to be significant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State fiscal
year 2021 budget included a requirement that the City increase its funding of the Metropolitan Transportation Authority&#146;s (&#147;MTA&#148;) net paratransit operating deficit from 33% to 50%. The State 2024 Budget further required the City to
increase its funding in fiscal years 2024 and 2025 from 50% to the lower of 80% of the deficit or 50% of the deficit plus $165&nbsp;million. The City&#146;s Financial Plan reflects $505&nbsp;million in fiscal year 2025, and $175&nbsp;million in each
of fiscal years 2026 through 2029 to cover the City&#146;s contributions for paratransit services, compared to the MTA&#146;s November 2024 financial plan estimates of $499&nbsp;million, $510&nbsp;million, $550&nbsp;million, $577&nbsp;million, and
$602&nbsp;million in fiscal years 2025 through 2029, respectively. Although the State 2024 Budget only mandated the above-described increases for fiscal years 2024 and 2025, the MTA&#146;s financial plan assumes City funding for paratransit in
fiscal year 2026 and beyond will remain at such increased levels. The Governor&#146;s Executive Budget includes a proposal that the City continue to fund the MTA&#146;s net paratransit operating deficit at the lower of 80% of the deficit or 50% of
the deficit plus $165&nbsp;million in each of fiscal years 2026, 2027, 2028 and 2029. The City will continue to monitor the anticipated paratransit costs for future years. The Financial Plan does not reflect full funding to cover projected increases
in the annual operating deficit of the MTA Bus Company, which the City is obligated to fund. The Financial Plan reflects $508&nbsp;million in fiscal year 2025 and $490&nbsp;million in each of fiscal years 2026 through 2029 compared to MTA&#146;s
estimate of such costs of $521&nbsp;million, $591&nbsp;million, $717&nbsp;million, $765&nbsp;million and $773&nbsp;million in fiscal years 2026 through 2029, respectively. On January&nbsp;5, 2025 congestion tolling for vehicles entering a designated
congestion zone in Manhattan below 60th Street, with revenues to be directed to the MTA for transit improvements, went into effect. On February&nbsp;19, 2025, the Secretary of the U.S. Department of Transportation (&#147;DOT&#148;) provided written
notification to the Governor stating that the Federal Highway Administration would rescind its prior approval of the congestion tolling program. The DOT instructed the State to cease collection of tolls by March&nbsp;21, 2025, and later extended
that deadline to April&nbsp;20, 2025. The MTA is challenging this determination in federal court. Although the program has no direct impact on the City&#146;s budget, if the DOT&#146;s termination of the program is
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-5 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
enacted and legally enforceable and MTA&#146;s revenues are reduced, the City may be asked to increase its funding to the MTA. In addition, in a letter dated March&nbsp;18, 2025, DOT directed the
MTA to provide certain information relating to the MTA&#146;s plan to ensure safety on the New York City transit system and to document all sources of funding used in safety programs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On January&nbsp;31, 2019, NYCHA, the City and the U.S. Department of Housing and Urban Development (&#147;HUD&#148;) entered into an agreement
(the &#147;HUD Agreement&#148;) relating to lead-based paint and other health and safety concerns in NYCHA&#146;s properties. The HUD Agreement established a framework by which NYCHA will continue to evaluate and progress towards compliance with
federal requirements. Pursuant to the HUD Agreement, a federal monitor, with access to NYCHA information and personnel, was appointed to oversee NYCHA&#146;s compliance with the terms of the agreement and federal regulations. The first term of the
monitorship ran from 2019-2024 and a second term with a new monitor began on February&nbsp;28, 2024. The federal monitor has issued and will continue to issue quarterly reports on NYCHA&#146;s compliance with the HUD Agreement. Also pursuant to the
HUD Agreement, the City allocated $1.7&nbsp;billion in capital funding in the Capital Commitment Plan for fiscal years 2025-2029 (the &#147;2025-2029 Capital Commitment Plan&#148;), with an additional $1.2&nbsp;billion in City capital funds
reflected in the remaining years of the Preliminary <FONT STYLE="white-space:nowrap">Ten-Year</FONT> Capital Strategy for fiscal years 2030 through 2035. In addition to the capital available pursuant to the HUD Agreement, the Preliminary <FONT
STYLE="white-space:nowrap">Ten-Year</FONT> Capital Strategy reflects $1.3&nbsp;billion in additional City capital to NYCHA in fiscal years 2026 through 2035. NYCHA subsequently announced that it may be out of compliance with a number of federal
regulations beyond the regulations concerning lead-based paint and other health and safety concerns that were the subject of the HUD Agreement and is implementing a series of organizational reforms to address additional areas where the need for
change was identified, as documented in NYCHA&#146;s Transformation Plan. A NYCHA Physical Needs Assessment released in July 2023 estimated its projected capital costs at approximately $60&nbsp;billion over the next five years and $78&nbsp;billion
over the next twenty years. As part of NYCHA&#146;s strategy to fund these repairs, NYCHA plans to recapitalize 62,000 units through the Permanent Affordability Commitment Together (&#147;PACT&#148;) program and 25,000 units through the New York
City Public Housing Preservation Trust (the &#147;Housing Preservation Trust&#148;). The 2025-2029 Capital Commitment Plan reflects a total of $1.6&nbsp;billion of City capital funding towards PACT and the Housing Preservation Trust projects. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NYCHA&#146;s cumulative rent collection rate is 65% for the period beginning January 2024 through December 2024, which includes rental arrears
due from prior years which remain unpaid. The corresponding rate for calendar year 2019, prior to the pandemic was 88%. As of February 2025, prior years&#146; rental arrears total $545&nbsp;million. The high prior years&#146; arrears balance has had
a direct impact on NYCHA&#146;s revenues and has required NYCHA to use reserves for basic expenses, eliminate budgeted vacancies, and reduce nonessential contracting. While this projected shortfall does not directly impact the City&#146;s budget, if
NYCHA is unable to collect on its prior year rental arrears, the City could be asked to increase its funding to NYCHA. To date, NYCHA has applied approximately $150&nbsp;million of the $161&nbsp;million in funding from the State&#146;s Emergency
Rental Assistance Program (&#147;ERAP&#148;) to pay rental and utility arrears accumulated during the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic. An additional $35&nbsp;million in ERAP funds has been allocated for rental arrears but
has not yet been applied to tenant accounts. Additionally, on January&nbsp;5, 2024, HUD approved the City&#146;s HOME American Rescue Plan Allocation where $150&nbsp;million was allocated towards NYCHA tenant arrears. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NYCHA receives significant federal funding and is monitoring the potential impact of recent federal executive orders and other actions which
may impact NYCHA&#146;s receipt of such funding. Although any reduction in direct federal funding to NYCHA does not directly impact the City&#146;s budget, if NYCHA&#146;s revenues are reduced, the City could be asked to increase its funding to
NYCHA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The New York City Advisory Commission on Property Tax Reform was established in 2018 to consider changes to the City&#146;s
property taxation system, without reducing property tax revenues to the City. The commission released its report in December 2021 with recommendations which, among other things, would align the taxable value of certain properties more closely with
market value. The commission&#146;s recommendations, which have not yet been acted upon, would require State legislation if they were to be implemented. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On September&nbsp;25, 2024, Mayor Eric Adams was indicted by the United States on charges relating to wire fraud, bribery and soliciting
contributions from foreign nationals. On September&nbsp;27, 2024, Mayor Adams entered a not guilty plea to the charges. On February&nbsp;14, 2025, the United States filed a motion seeking dismissal without prejudice of the charges in the indictment.
On April&nbsp;2, 2025, the court dismissed the charges with prejudice. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-6 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On February&nbsp;20, 2025, the Governor announced several initiatives that, if enacted,
would impact the City. These proposals include providing additional funding, using City tax dollars, for the Office of the State Deputy Comptroller for the City of New York (&#147;OSDC&#148;), authorizing the City Comptroller, City Council, and the
Public Advocate to retain counsel to commence litigation against the federal government to the extent the Law Department refrains from doing so, and establishing a Special Inspector General for New York City Affairs within the Office of the State
Inspector General. These proposals would require state legislative approval, and in certain circumstances could require action by the City Council. These initiatives, if enacted, are not expected to have a material impact on the Financial Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">From time to time, the City Comptroller, the Control Board staff, the OSDC, the Independent Budget Office (&#147;IBO&#148;) and others issue
reports and make public statements regarding the City&#146;s financial condition, commenting on, among other matters, the City&#146;s financial plans, projected revenues and expenditures and actions by the City to eliminate projected operating
deficits. It is reasonable to expect that reports and statements will continue to be issued and may contain different perspectives on the City&#146;s budget and economy and may engender public comment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Assumptions.</B> The Financial Plan is based on numerous assumptions, including the condition of the City&#146;s and the region&#146;s
economies and the concomitant receipt of economically sensitive tax revenues in the amounts projected. The Financial Plan assumes no economic recession during the years of the Financial Plan. The Financial Plan is subject to various other
uncertainties and contingencies relating to, among other factors, the extent, if any, to which wage increases for City employees exceed the annual wage costs assumed; realization of projected earnings for pension fund assets and current assumptions
with respect to wages for City employees affecting the City&#146;s required pension fund contributions; the willingness and ability of the State to provide the aid contemplated by the Financial Plan and to take various other actions to assist the
City; the ability of NYCHH and other such entities to maintain balanced budgets; the willingness of the federal government to provide the amount of federal aid contemplated in the Financial Plan; the impact on City revenues and expenditures of
federal and State legislation affecting Medicare or other entitlement programs; adoption of the City&#146;s budgets by the City Council in substantially the forms submitted by the Mayor; the ability of the City to implement cost reduction
initiatives, and the success with which the City controls expenditures; the impact of conditions in the real estate market on real estate tax revenues; the ability of the City and other financing entities to market their securities successfully in
the public credit markets; the impact of the outbreak of <FONT STYLE="white-space:nowrap">COVID-19;</FONT> and the extension of the authorization to sell real property tax liens. Certain of these assumptions are reviewed in reports issued by the
City Comptroller and other public officials. See &#147;Certain Reports&#148; herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The projections and assumptions contained in the
Financial Plan are subject to revision, which may be substantial. No assurance can be given that these estimates and projections, which include actions the City expects will be taken but are not within the City&#146;s control, will be realized. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Revenue Assumptions </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Real Estate
Tax.</B> Projections of real estate tax revenues are based on a number of assumptions, including, among others, assumptions relating to the tax rate, the assessed valuation of the City&#146;s taxable real estate, the delinquency rate, debt service
needs, a reserve for uncollectible taxes, and the operating limit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Projections of real estate tax revenues include net revenues from the
sale of real property tax liens of $80&nbsp;million in each of fiscal years 2025 through 2029. The local law authorizing the City to sell real property tax liens expired on March&nbsp;1, 2022 and a modified lien sale program was authorized on
June&nbsp;30, 2024. Projections of real estate tax revenues include the effects of the STAR Program which will reduce the real estate tax revenues by an estimated $116&nbsp;million, $114&nbsp;million, $112&nbsp;million, $110&nbsp;million and
$108&nbsp;million in fiscal years 2025 through 2029, respectively. Projections of real estate tax revenues reflect the estimated cost of extending the current tax reduction for owners of cooperative and condominium apartments amounting to
$682&nbsp;million, $669&nbsp;million, $686&nbsp;million, $700&nbsp;million and $710&nbsp;million in fiscal years 2025 through 2029, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The delinquency rate was 1.8% in fiscal year 2020, 2.0% in fiscal year 2021, 1.8% in fiscal year 2022, 2.1% in fiscal year 2023 and 2.2% in
fiscal year 2024. The Financial Plan projects delinquency rates being 2.0% in fiscal year 2025 and averaging 2.0% from fiscal years 2026 through 2029. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-7 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On April&nbsp;24, 2017, a lawsuit was filed challenging the City&#146;s real property tax
system and valuation methodology. The action alleges that the City&#146;s real property tax system violates the State and federal constitutions as well as the Fair Housing Act. The action further alleges the valuation methodology as mandated by
certain provisions of the State Real Property Tax Law results in a disparity and inequality in the amount of taxes paid by certain minority property owners and renters. The City and State defendants moved to dismiss the case. In September 2018, the
Court denied the City&#146;s motion to dismiss the complaint and partially granted the State&#146;s motion to dismiss the complaint. All parties appealed the lower court decision and the First Department granted the City&#146;s and the State&#146;s
motions to dismiss and dismissed all claims against both the City and the State. On December&nbsp;1, 2021, the plaintiff served and filed a motion seeking leave to appeal directly from the Court of Appeals. On April&nbsp;28, 2022, the Court of
Appeals granted the plaintiff&#146;s motion for leave to appeal. Oral argument was held at the Court of Appeals on January&nbsp;9, 2024. A decision was issued on March&nbsp;19, 2024, in which the Court of Appeals reversed the decision of the
Appellate Division in part. The court held that the petitioner sufficiently alleged causes of action against the City under section 305 (2) of the State Real Property Tax Law and the Fair Housing Act and denied the portions of the City&#146;s motion
to dismiss relating to those claims. The court affirmed the Appellate Division decision with regard to all other claims brought against the City and the State. On January&nbsp;23, 2025, plaintiff served the City with a motion seeking partial summary
judgment against the City on certain causes of action and seeking a judgment declaring that the disuniformity of the City&#146;s real property taxation system as applied to certain property classes violates New York&#146;s Real Property Tax Law
&#167; 305(2). The City&#146;s opposition was filed March&nbsp;27, 2025, and plaintiff&#146;s reply is due April&nbsp;11, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Other
Taxes.</B> The Financial Plan reflects the following assumptions regarding projected baseline revenues from Other Taxes: (i)&nbsp;with respect to the personal income tax, an increase in fiscal year 2025 due to stronger withholding and <FONT
STYLE="white-space:nowrap">non-withholding</FONT> income, an increase in fiscal year 2026 as withholding income strength continues, offset by a drop in <FONT STYLE="white-space:nowrap">non-withholding</FONT> income in fiscal year 2026, followed by a
return to historical growth averages in fiscal years 2027 through 2029; (ii) with respect to the business corporation tax, increases in revenue in fiscal year 2025 reflecting continued growth in both finance and
<FONT STYLE="white-space:nowrap">non-finance</FONT> sectors, before flattening out in fiscal year 2026, with growth returning to more historical levels in fiscal years 2027 through 2029; (iii) with respect to the unincorporated business income tax,
strong growth in fiscal year 2025 reflecting strength in both finance and <FONT STYLE="white-space:nowrap">non-finance</FONT> sectors, which carries into fiscal year 2026 before leveling off in fiscal years 2027 through 2029; (iv) with respect to
the sales tax, growth is expected to be moderate in fiscal year 2025 as tax collections continue to decelerate post-pandemic, with growth improving modestly in fiscal years 2026 through 2029; (v) with respect to the real property transfer tax,
growth in fiscal year 2025 reflects higher prices due to lack of housing supply, as well as an increase in buying power due to a gradual decrease in interest rates, with growth anticipated in fiscal years 2026 through 2029 due to a further decline
in interest rates; (vi)&nbsp;with respect to the mortgage recording tax, increases in fiscal year 2025 are projected, as interest rates begin to fall, with further growth expected in fiscal years 2026 through 2029 as interest rates continue to
decrease; and (vii)&nbsp;increases in revenue throughout the forecast period reflect strong collections from high liability sectors and gradual improvement of Manhattan commercial office space leasing activity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Miscellaneous Revenues.</B> The Financial Plan reflects collections from Miscellaneous Revenues in the amounts of approximately
$8.3&nbsp;billion in fiscal year 2025, $7.9&nbsp;billion in fiscal year 2026, $7.8&nbsp;billion in fiscal year 2027, $7.9&nbsp;billion in fiscal year 2028 and $7.9&nbsp;billion in fiscal year 2029. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Intergovernmental Aid.</B> The Financial Plan assumes that all existing federal and State categorical grant programs will continue, unless
specific legislation provides for their termination or adjustment, and assumes increases in aid where increased costs are projected for existing grant programs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As of November&nbsp;30, 2024, approximately 17.4% of the City&#146;s full-time and full-time equivalent employees (consisting of employees of
the mayoral agencies and the DOE) were paid by Community Development funds, water and sewer funds and from other sources not funded by unrestricted revenues of the City. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">A major component of federal categorical aid to the City is the Community Development program. Pursuant to federal legislation, Community
Development grants are provided to cities primarily to aid low and moderate income persons by improving housing facilities, parks and other improvements, by providing certain social programs and by promoting economic development. These grants are
based on a formula that takes into consideration such factors as population, age of housing and poverty. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-8 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City&#146;s receipt of categorical aid is contingent upon the satisfaction of certain
statutory conditions and is subject to subsequent audits, possible disallowances and possible prior claims by the State or federal governments. The general practice of the State and federal governments has been to deduct the amount of any
disallowances against the current year&#146;s payment, although in some cases the City remits payment for disallowed amounts to the grantor. Substantial disallowances of aid claims may be asserted during the course of the Financial Plan. The City
estimates probable amounts of disallowances of recognized grant revenues and makes the appropriate adjustments to recognized grant revenue for each fiscal year. In fiscal years 2013, 2014, 2015, 2016, 2020 and 2021, downward adjustments of
$59&nbsp;million, $19&nbsp;million, $110&nbsp;million, $1&nbsp;million, $5&nbsp;million and $24&nbsp;million, respectively, were made. In fiscal years 2017, 2018 and 2019, upward adjustments of $558&nbsp;million, $139&nbsp;million and
$113&nbsp;million, respectively, were made. In fiscal year 2022, a downward adjustment of $35&nbsp;million was made. In fiscal year 2023, a downward adjustment of $13&nbsp;million was made. As of June&nbsp;30, 2023, the City had an accumulated
reserve of $331&nbsp;million for all disallowances of categorical aid. As of June&nbsp;30, 2024, the City had an accumulated reserve of $33&nbsp;million for disallowances of categorical aid. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Expenditure Assumptions </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Personal
Service Costs.</B> The Financial Plan projects that the authorized number of City-funded full-time and full-time equivalent employees will increase from an estimated level of 268,354 as of June&nbsp;30, 2025 to an estimated level of 268,190 by
June&nbsp;30, 2029. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Other Fringe Benefits includes $3.594&nbsp;billion, $3.754&nbsp;billion, $3.914&nbsp;billion, $4.090&nbsp;billion and
$4.279&nbsp;billion in fiscal years 2025 through 2029, respectively, for post-employment benefits other than pensions (&#147;OPEB&#148;) expenditures for current retirees, which costs are currently paid by the City on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">pay-as-you-go</FONT></FONT></FONT> basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City has reached tentative or ratified contract agreements with DC 37, the PBA and others, which, together represent approximately 98% of
the City&#146;s unionized workforce for the 2021-2026 round of collective bargaining, the full cost of which is reflected in the Financial Plan. The Financial Plan also reflects the costs of labor settlements for the rest of the City workforce for
such round based on the pattern set by the DC 37 or the PBA framework. The respective pattern framework provides raises totaling 16.21% for civilian workers and 18.98% for uniformed workers over a <FONT STYLE="white-space:nowrap">60-month</FONT>
contract term. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Than Personal Services Costs (&#147;OTPS&#148;). </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Administrative OTPS and Energy.</I> The Financial Plan contains estimates of the City&#146;s administrative OTPS expenditures for general
supplies and materials, equipment and selected contractual services, and the impact of agency <FONT STYLE="white-space:nowrap">gap-closing</FONT> actions relating to such expenditures in the 2025 fiscal year. Energy costs for each of the 2025
through 2029 fiscal years are assumed to vary annually, with total energy expenditures projected at $1.2&nbsp;billion in fiscal year 2025 and increasing to $1.39&nbsp;billion by fiscal year 2029. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Public Assistance.</I> Of total cash assistance expenditures in the City, the City-funded portion is projected to be $1.3&nbsp;billion in
fiscal year 2025, $875&nbsp;million in fiscal year 2026, $1.2&nbsp;billion in fiscal year 2027, $1.5&nbsp;billion in fiscal year 2028 and $1.7&nbsp;billion in fiscal year 2029. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Medical Assistance.</I> Medical assistance payments projected in the Financial Plan consist of payments to voluntary hospitals, skilled
nursing facilities, intermediate care facilities, home care providers, pharmacies, managed care organizations, physicians and other medical practitioners. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City-funded portion of medical assistance payments is expected to be $6.6&nbsp;billion, $6.5&nbsp;billion, $6.6&nbsp;billion,
$6.8&nbsp;billion and $6.9&nbsp;billion in fiscal years 2025 through 2029, respectively. Such payments include the City&#146;s capped share of local Medicaid expenditures as well as Supplemental Medicaid payments to NYCHH. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>New York City Health and Hospitals</I>. NYCHH, which provides essential services to over 1.1&nbsp;million New Yorkers annually, faces near-
and long-term financial challenges resulting from, among other things, changes in hospital reimbursement and the rising cost of medical services. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-9 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In May 2024, NYCHH released a cash-based financial plan, which projected City-funded
expenditures of $3.1&nbsp;billion, $3.0&nbsp;billion, $1.5&nbsp;billion, $1.5&nbsp;billion and $1.6&nbsp;billion in fiscal years 2024 through 2028, respectively, in addition to the forgiveness of debt service for fiscal years 2024 through 2028 and
the City&#146;s contribution to supplemental Medicaid payments which is consistent with the City&#146;s Financial Plan. NYCHH&#146;s financial plan projected total receipts of $12.4&nbsp;billion, $12.3&nbsp;billion, $10.7&nbsp;billion,
$10.6&nbsp;billion and $10.6&nbsp;billion, and total disbursements of $12.4&nbsp;billion, $12.2&nbsp;billion, $10.8&nbsp;billion, $10.9&nbsp;billion and $11.0&nbsp;billion in fiscal years 2024 through 2028, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NYCHH relies on significant projected revenue from Medicaid, Medicare and other third-party payor programs. Future changes to such programs
could have adverse impacts on NYCHH&#146;s financial condition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Other.</I> The projections set forth in the Financial Plan for
OTPS-Other include the City&#146;s contributions to New&nbsp;York City Transit (&#147;NYCT&#148;), NYCHA and the City University of New York (&#147;CUNY&#148;) and subsidies to libraries and various cultural institutions. They also include
projections for the cost of future judgments and claims. In the past, the City has provided additional assistance to certain State governmental agencies, public authorities or public benefit corporations which receive or may receive monies from the
City directly, indirectly or contingently (&#147;Covered Organizations&#148;) which had exhausted their financial resources prior to the end of the fiscal year. No assurance can be given that similar additional assistance will not be required in the
future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>New York City Transit.</I> NYCT operates under its own section of the Financial Plan as a Covered Organization. An
accrual-based financial plan for NYCT covering its 2025 through 2028 fiscal years was published in November 2024 (the &#147;2025 NYCT Financial Plan&#148;). The NYCT fiscal year coincides with the calendar year. The 2025 NYCT Financial Plan reflects
the negative impacts of the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic on MTA costs, ridership, and farebox revenue. The 2025 NYCT Financial Plan reflects City assistance to the NYCT operating budget of $700&nbsp;million in 2025,
increasing to $817&nbsp;million in 2028 In addition, the 2025 NYCT Financial Plan projects real estate transfer tax revenue dedicated for NYCT use of $410&nbsp;million in 2025, higher than 2024&#146;s $372&nbsp;million; that amount increases each
year to reach $638&nbsp;million by 2028. The 2025 NYCT Financial Plan reflects $12.6&nbsp;billion in revenues and $15.5&nbsp;billion in expenses for 2025, leaving a budget gap of $2.9&nbsp;billion. After accounting for accrual adjustments and cash
carried over from 2024 there is a projected operating gap of $490&nbsp;million in 2025, followed by projected operating budget gaps of $708&nbsp;million in 2026, $1.9&nbsp;billion in 2027, and $2.6&nbsp;billion in 2028. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In 2009, a Payroll Mobility Tax (&#147;PMT&#148;) was enacted into State law to provide $0.34 for every $100 of payroll in the MTA&#146;s
twelve-county service area. This contribution was increased to $0.60 for every $100 of payroll in New York City in the State 2024 Budget. The PMT is currently expected to generate revenues for NYCT in the amount of $1.9&nbsp;billion in each of 2025
and 2026, $1.3&nbsp;billion in 2027 and $1.9&nbsp;billion in 2028. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The MTA has been able to correct the serious budget shortfalls
reflected in recent financial plans through the receipt of <FONT STYLE="white-space:nowrap">one-time</FONT> direct State aid, a State-mandated increase to the City&#146;s share of paratransit costs, and the implementation of new taxes, fare and toll
increases, and operational efficiencies. The City&#146;s payments to the MTA remain dependent on future uncertainties such as additional state or federal funding, ridership trends, and service adjustments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On September&nbsp;19, 2019, the MTA released its 2020-2024 Capital Program, which took effect by default in January 2020. After amendment, the
program includes $55.4&nbsp;billion for all MTA agencies, including $34.6&nbsp;billion to be invested in the NYCT core system and $4.6&nbsp;billion in NYCT network expansion. The entire 2020-2024 Capital Program was placed on hold in 2020 but
resumed upon the announcement of $6.5&nbsp;billion in federal aid in the American Rescue Plan Act in March of 2021. The program was amended three times from its original $54.8&nbsp;billion total, once in December 2021, once in July 2022, and most
recently in July 2023. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On January&nbsp;5, 2025, vehicles entering a designated congestion zone, located below 60th Street in Manhattan,
began being charged a toll, the revenues from which will be directed to the MTA for transit improvements, including $15&nbsp;billion for the 2020-2024 Capital Program. On February&nbsp;19, 2025, the Secretary of the DOT provided written notification
to the Governor stating that the Federal Highway Administration would rescind its prior approval of the congestion tolling program. The DOT instructed the State to cease collection of tolls by March&nbsp;21, 2025, and subsequently extended that
deadline to April&nbsp;20, 2025. The MTA is challenging this determination in federal court. Although the program has no direct impact on the City&#146;s budget, if the DOT&#146;s termination of the program is enacted and legally enforceable and
MTA&#146;s revenues are reduced, the City may be asked to increase its funding to the MTA. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-10 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition to the toll revenues, the State 2020 Budget included legislation authorizing the
imposition of sales tax on certain additional internet sales and providing that City sales tax revenues in the amount of $128&nbsp;million in State fiscal year 2020 (reflecting the portion of the year in which it is effective) and $170&nbsp;million
in State fiscal year 2021 and thereafter increasing by one percent per year, will be directed to the MTA for transit improvements. Revenues from such additional sales tax are currently estimated to be approximately $170&nbsp;million per year and are
in addition to existing sales taxes attributable to certain other internet transactions. Additionally, such legislation provided that State sales tax revenues in the amount of $113&nbsp;million in State fiscal year 2020 and $150&nbsp;million in
State fiscal year 2021 and thereafter increasing by one percent per year, will be directed to the MTA for transit improvements. The State 2020 Budget also included legislation increasing real estate transfer taxes on properties valued at more than
$2&nbsp;million, which will also be directed to the MTA for transit improvements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State fiscal year 2021 budget requires the City to
contribute $3&nbsp;billion towards the 2020-2024 Capital Program concurrent with the State&#146;s $3&nbsp;billion contribution. Neither the City nor the State can use operating funds dedicated to the MTA to supplant their capital commitment and must
pay on a schedule determined by the State Budget Director. The City has appropriated this $3&nbsp;billion, which has been made available to the MTA, and it is anticipated to be spent within the Preliminary
<FONT STYLE="white-space:nowrap">Ten-Year</FONT> Capital Strategy. The Governor&#146;s Executive Budget includes a proposal that the State and City each contribute an additional $3&nbsp;billion towards the MTA&#146;s 2025-2029 Capital Program, on a
schedule to be set by the State. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State fiscal year 2021 budget included a requirement that the City increase its funding of the
MTA&#146;s net paratransit operating deficit from 33% to 50%. The State 2024 Budget further requires the City to increase its funding in City fiscal years 2024 and 2025 from 50% to the lower of 80% of the deficit or 50% of the deficit plus
$165&nbsp;million. The City&#146;s Financial Plan reflects $505&nbsp;million in fiscal year 2025, and $175&nbsp;million in each of fiscal years 2026 through 2029 to cover the City&#146;s contributions for paratransit services, compared to MTA&#146;s
estimates of $499&nbsp;million, $510&nbsp;million, $550&nbsp;million, $577&nbsp;million, and $602&nbsp;million in fiscal years 2025 through 2029, respectively. The MTA assumes that the State will renew the increased contribution rate for the City
after fiscal year 2025. The Governor&#146;s Executive Budget includes a proposal which, if enacted, would require that the City continue to fund the MTA&#146;s net paratransit operating deficit at the lower of 80% of the deficit or 50% of the
deficit plus $165&nbsp;million in each of fiscal years 2026 through 2029. The City continues to monitor anticipated paratransit costs for future years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Department of Education.</I> State law requires the City to provide City funds for the Department of Education (&#147;DOE&#148;) each year
in an amount not less than the amount appropriated for the preceding fiscal year, excluding amounts for debt service and pensions for the DOE. Such City funding must be maintained, unless total City funds for the fiscal year are estimated to be
lower than in the preceding fiscal year, in which case the mandated City funding for the DOE may be reduced by an amount up to the percentage reduction in total City funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Judgments and Claims.</I> In the fiscal year ended on June&nbsp;30, 2024, the City expended $1.5&nbsp;billion for judgments and claims.
Such expenses reflect, in part, payments made relating to a class action lawsuit against the Board of Education. The Financial Plan includes provisions for judgments and claims of $877.2&nbsp;million, $823.2&nbsp;million, $840.2&nbsp;million,
$862.5&nbsp;million and $890.6&nbsp;million for the 2025 through 2029 fiscal years, respectively. These projections incorporate a substantial amount of claims costs attributed to NYCHH, estimated to be $140&nbsp;million in each year of the Financial
Plan, for which NYCHH reimburses the City unless otherwise forgiven by the City, which was the case in fiscal years 2013 and 2016. The City is a party to numerous lawsuits and is the subject of numerous claims and investigations. The City has
estimated that its potential future liability on account of outstanding claims against it amounted to approximately $7.5&nbsp;billion as of June&nbsp;30, 2025. This estimate was made by categorizing the various claims and applying a statistical
model, based primarily on actual settlements by type of claim during the preceding ten fiscal years, and by supplementing the estimated liability with information supplied by the City&#146;s Corporation Counsel. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition to the above claims, numerous real estate tax certiorari proceedings involving allegations of inequality of assessment, illegality
and overvaluation are currently pending against the City. Based on historical settlement activity, and including an estimated premium for inequality of assessment, the City estimates its potential future liability for outstanding certiorari
proceedings to be $1.61&nbsp;billion and $1.47&nbsp;billion for the fiscal years ended June&nbsp;30, 2024 and June&nbsp;30, 2023, respectively, as reported in the City&#146;s Financial Statements. Provision has been made in the Financial Plan for
estimated refunds of $500&nbsp;million in fiscal year 2025 and $550&nbsp;million in each of fiscal years 2026 through 2029. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-11 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>General Obligation, Lease and TFA Debt Service. </B>Debt service estimates for fiscal
years 2025 through 2029 include debt service on outstanding general obligation bonds and conduit debt, the funding requirements associated with outstanding TFA Future Tax Secured Bonds, and estimates of debt service costs of, or funding requirements
associated with, future general obligation, conduit and TFA Future Tax Secured debt issuances based on projected future market conditions. Such debt service estimates also include estimated payments pursuant to interest rate exchange agreements but
do not reflect receipts pursuant to such agreements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In July 2009, the State amended the New York City Transitional Finance Authority Act
to expand the borrowing capacity of TFA by providing that it may have outstanding $13.5&nbsp;billion of Future Tax Secured Bonds and may issue additional Future Tax Secured Bonds provided that the amount of such additional bonds, together with the
amount of indebtedness contracted by the City, does not exceed the debt limit of the City. In April of 2024, the New York City Transitional Finance Authority Act was amended to increase the total amount of TFA Future Tax Secured Bonds authorized to
be outstanding and not subject to the City&#146;s debt limit by a total of $14&nbsp;billion, from $13.5&nbsp;billion to $27.5&nbsp;billion, with $8&nbsp;billion of such increased capacity available beginning on July&nbsp;1, 2024, and the remaining
$6&nbsp;billion available beginning on July&nbsp;1, 2025. The Governor&#146;s Executive Budget includes a proposal to further increase the total amount of Future Tax Secured Bonds authorized to be outstanding and not subject to the City&#146;s debt
limit by an additional $3.0&nbsp;billion beginning July&nbsp;1, 2025, with such amount increasing to $30.5&nbsp;billion. The resulting impact of increasing the TFA&#146;s debt incurring capacity not subject to the City&#146;s debt limit would be to
increase the combined TFA and City debt-incurring capacity by such corresponding amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City currently expects to continue to
finance approximately half of its capital program through the TFA, exclusive of Department of Environmental Protection capital budget items financed by the Water Authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan reflects general obligation debt service of $4.4&nbsp;billion, $4.69&nbsp;billion, $4.91&nbsp;billion, $5.35&nbsp;billion
and $5.79&nbsp;billion in fiscal years 2025 through 2029, respectively, conduit debt service of $112&nbsp;million, $111&nbsp;million, $109&nbsp;million, $104&nbsp;million and $113&nbsp;million in fiscal years 2025 through 2029, respectively, and TFA
debt service of $3.34&nbsp;billion, $4.02&nbsp;billion, $4.55&nbsp;billion, $ 5.06&nbsp;billion and $5.5&nbsp;billion in fiscal years 2025 through 2029, respectively, in each case prior to giving effect to prepayments. Such debt service requirements
are projected to be below 15% of projected City tax revenues for each year of the Financial Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Certain Reports.</B> Set forth below
are summaries of the most recent reports of the City Comptroller, the OSDC and the staff of the Control Board. These summaries do not purport to be comprehensive or definitive. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On March&nbsp;5, 2025, the City Comptroller released &#147;Comments on New York City&#146;s Preliminary Budget for Fiscal Year 2026 and
Financial Plan for Fiscal Years 2025 - 2029.&#148; The report notes that the Financial Plan does not adequately address adverse actions of the Trump administration and underbudgets known costs by an average of $3.75&nbsp;billion annually in fiscal
years 2026 through 2029, respectively, which misrepresents the size of the City&#146;s budget and understates its gaps. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City
Comptroller suggests adding $1&nbsp;billion to the general reserve fund in fiscal year 2026 to mitigate the effects of potential cuts to federal aid. In addition, the City Comptroller estimates that the City should deposit $847&nbsp;million into its
rainy day fund (the Revenue Stabilization Fund) in fiscal year 2025 to help address the potential loss of tax revenues if a recession were to result from the Trump administration&#146;s economic policies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Governor&#146;s Executive Budget includes a proposal to change the amortization schedule for three of the City&#146;s five pension
systems&#146; unfunded accrued liabilities. This would extend the time it takes for the systems&#146; obligations to reach the status of fully funded from fiscal years 2032 to 2044. If adopted, the City Comptroller estimates the City&#146;s
contributions would decrease in the short term and increase in the longer term, resulting in an estimated $4.2&nbsp;billion in cumulative savings over the Financial Plan, with a total decline in City contributions of $8.6&nbsp;billion in fiscal
years 2025 through 2032 and an increase of $13.8&nbsp;billion in fiscal years 2033 through 2044. The City Comptroller believes this change to the City&#146;s pension system should be considered only as an emergency plan to counter harmful federal
spending cuts. The report also notes that the Financial Plan does not include a Program to Eliminate the Gap. The City Comptroller continues to advocate that the City establish as part of the budget process a transparent policy of regular efficiency
reviews and long-term savings planning. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-12 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City Comptroller projects net <FONT STYLE="white-space:nowrap">re-estimates</FONT> of
$637&nbsp;million, $3.46&nbsp;billion, $2.84&nbsp;billion, $3.31&nbsp;billion and $2.73&nbsp;billion in fiscal years 2025 through 2029, respectively. When added to the results projected in the Financial Plan, the City Comptroller projects budget
gaps of $637&nbsp;million, $3.46&nbsp;billion, $7.01&nbsp;billion, $8.69&nbsp;billion and $7.81&nbsp;billion in fiscal years 2025 through 2029, respectively. With the City Comptroller&#146;s proposed reserve fund deposits of $847&nbsp;million into
the Revenue Stabilization Fund in fiscal year 2025 and $1&nbsp;billion into the general reserve fund in fiscal year 2026, the City Comptroller projects budget gaps of $1.48&nbsp;billion, $4.46&nbsp;billion, $7.09&nbsp;billion, $8.69&nbsp;billion and
$7.81&nbsp;billion in fiscal years 2025 through 2029, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City Comptroller&#146;s net revenue projections are higher than
the Financial Plan projections by $488&nbsp;million, $870&nbsp;million, $1.28&nbsp;billion, $2.23&nbsp;billion and $2.97&nbsp;billion in fiscal years 2025 through 2029, respectively. The report projects that: (i)&nbsp;property tax revenues will be
lower by $94&nbsp;million in fiscal year 2025 and higher by $317&nbsp;million, $510&nbsp;million, $1.03&nbsp;billion and $1.64&nbsp;billion in fiscal years 2026 through 2029, respectively; (ii)&nbsp;personal income tax revenues will be higher by
$377&nbsp;million, $312&nbsp;million, $141&nbsp;million and $248&nbsp;million in fiscal years 2025, 2026, 2028 and 2029, respectively, and lower by $4&nbsp;million in fiscal year 2027; (iii) business tax revenues will be lower by $65&nbsp;million
and $210&nbsp;million in fiscal years 2025 and 2026, respectively, and higher by $264&nbsp;million, $483&nbsp;million and $222&nbsp;million in fiscal years 2027 through 2029, respectively; (iv)&nbsp;sales tax revenues will be higher by
$6&nbsp;million, $65&nbsp;million, $91&nbsp;million, $124&nbsp;million and $379&nbsp;million in fiscal years 2025 through 2029, respectively; (v)&nbsp;real estate transaction-related tax revenues will be higher by $21&nbsp;million, $75&nbsp;million,
$122&nbsp;million, $141&nbsp;million and $153&nbsp;million in fiscal years 2025 through 2029, respectively; (vi)&nbsp;tax audit and all other tax revenue will be higher by $216&nbsp;million, $246&nbsp;million, $278&nbsp;million, $301&nbsp;million
and $317&nbsp;million in fiscal years 2025 through 2029, respectively; and <FONT STYLE="white-space:nowrap">(vii)&nbsp;non-tax</FONT> revenues will be higher by $27&nbsp;million, $65&nbsp;million in fiscal years fiscal years 2025 and 2026,
respectively, and $15&nbsp;million in each of fiscal years 2027 through 2029. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City Comptroller&#146;s net expenditure projections are
higher by $1.12&nbsp;billion, $4.33&nbsp;billion, $4.12&nbsp;billion, $5.54&nbsp;billion and $5.70&nbsp;billion in fiscal years 2025 through 2029, respectively (excluding proposed reserve fund deposits), as a result of: (i)&nbsp;additional overtime
expenditures of $1.09&nbsp;billion and $994&nbsp;million in fiscal years 2025 and 2026, respectively, and $750&nbsp;million in each of fiscal years 2027 through 2029; (ii) increased expenditures for special education (Carter Cases) of
$113&nbsp;million and $258&nbsp;million in fiscal years 2025 and 2026, respectively, and $188&nbsp;million in each of fiscal years 2027 through 2029; (iii) increased expenditures associated with rental assistance of $150&nbsp;million in fiscal year
2025 and $1.15&nbsp;billion in each of fiscal years 2026 through 2029; (iv) increased costs of contributions to the MTA of $298&nbsp;million, $478&nbsp;million, $539&nbsp;million and $532&nbsp;million in fiscal years 2026 through 2029, respectively;
(v)&nbsp;increased <FONT STYLE="white-space:nowrap">non-asylum</FONT> seeker shelter costs of $600&nbsp;million in each of fiscal years 2026 through 2029; (vi) increased expenditures associated with paying prevailing wage rates for shelter security
guards of $50&nbsp;million in each of fiscal years 2026 through 2029; (vii) increased public assistance costs of $80&nbsp;million, $550&nbsp;million and $200&nbsp;million in fiscal years 2025 through 2027, respectively; (viii)&nbsp;increased
expenditures for DOE custodial costs of $154&nbsp;million in each of fiscal years 2026 through 2029; (ix) increased expenditures for DOE charter leases of $40&nbsp;million and $35&nbsp;million in fiscal years 2026 and 2027, respectively;
(x)&nbsp;increased expenditures for DOE <FONT STYLE="white-space:nowrap">Pre-K</FONT> and <FONT STYLE="white-space:nowrap">3-K</FONT> of $203&nbsp;million, $316&nbsp;million, $296&nbsp;million, $295&nbsp;million and $295&nbsp;million in fiscal years
2025 through 2029, respectively; (xi)&nbsp;increased expenditures resulting from fiscal cliffs resulting from the expiration of federal <FONT STYLE="white-space:nowrap">COVID-19</FONT> aid of $43&nbsp;million and $244 in fiscal years 2025 and 2026,
respectively, and $355&nbsp;million in each of fiscal years 2027 through 2029; (xii) increased expenditures associated with the State&#146;s foster care reimbursement rate of $138&nbsp;million in each of fiscal years 2026 through 2029; (xiii)
increased expenditures for temporary and professional services of $85&nbsp;million, $115&nbsp;million, $120&nbsp;million and $120&nbsp;million in fiscal years 2026 through 2029, respectively; (xiv)&nbsp;increased expenditures for the City&#146;s
Department of Education (&#147;DOE&#148;) relating to the provision of early childhood special education services of $55&nbsp;million in each of fiscal years 2026 through 2029; (xv) increased expenditures for the DOE&#146;s school nurses of
$194&nbsp;million in each of fiscal years 2026 through 2029; (xvi) increased expenditures relating to certain DOE orders of $52&nbsp;million in each of fiscal years 2027 through 2029; (xvii) increased expenditures of $612&nbsp;million in fiscal year
2025 related to reimbursement from the Health Insurance Stabilization Fund; (xviii)&nbsp;increased expenditures of $25&nbsp;million in each of fiscal years 2026 through 2029 for the City&#146;s &#147;Promise NYC&#148; child care services program;
(xix)&nbsp;anticipated full-time personnel service accrual savings due to vacancies of $400&nbsp;million in fiscal year 2025; and (xx)&nbsp;adjustments due to changes in prior year payable amounts resulting in savings of $296&nbsp;million in fiscal
year 2025 and $400&nbsp;million in each of fiscal years 2026 through 2029. The City Comptroller also estimates longer term net expenditure risks/offsets associated with asylum seeker expenses and the unfunded State class size mandate. Such estimates
include (i)&nbsp;decreased costs of providing services to asylum seekers of $472&nbsp;million, $589&nbsp;million and $1.01&nbsp;billion in fiscal years 2025 through 2027, respectively, and increased costs of providing such services of
$38&nbsp;million and $27&nbsp;million in fiscal years 2028 and 2029, respectively; and (ii)&nbsp;increased expenditures </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-13 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
resulting from the State class size mandate of $168&nbsp;million, $687&nbsp;million, $1.24&nbsp;billion and $1.42&nbsp;billion in fiscal years 2026 through 2029, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On February&nbsp;28, 2025, the OSDC released &#147;Review of the Financial Plan of the City of New York&#148;, commenting on the Financial
Plan. The report notes that the City increased its expectations for its fiscal year 2025 surplus to $2.34&nbsp;billion which will help balance the $116.9&nbsp;billion fiscal year 2026 budget. Improved fiscal conditions are mainly the result of
stronger tax revenue projections and reduced costs of providing services to asylum seekers. OSDC advises that the City provide greater transparency on its funding and spending, strengthen budgetary flexibility to respond to unpredictable federal
fiscal and economic policy choices, and prepare for scenarios where all of the City&#146;s resources, federal, State and locally-derived, may be impacted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The OSDC report identifies net risks to the Financial Plan of $1.15&nbsp;billion, $2.58&nbsp;billion, $3.36&nbsp;billion, $4.94&nbsp;billion
and $4.82&nbsp;billion in fiscal years 2025 through 2029, respectively. Combined with the results projected in the Financial Plan, OSDC estimates potential budget gaps of $1.16&nbsp;billion, $2.58&nbsp;billion, $7.60&nbsp;billion,
$10.32&nbsp;billion and $9.90&nbsp;billion in fiscal years 2025 through 2029, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The specific risks to the Financial Plan
noted in the OSDC report include: (i)&nbsp;increased costs of operating subsidies to the MTA of $298&nbsp;million, $479&nbsp;million, $539&nbsp;million and $539&nbsp;million in fiscal years 2026 through 2029, respectively; (ii)&nbsp;increased
expenditures for various social services (including those associated with programs providing prevailing wages for Department of Homeless Services security guards, foster care, emergency family and rental assistance and access to legal counsel in
housing court) of $295&nbsp;million, $2.19&nbsp;billion, $2.38&nbsp;billion, $2.43&nbsp;billion and $2.44&nbsp;billion in fiscal years 2025 through 2029, respectively; (iii)&nbsp;increased uniform services overtime costs of $784&nbsp;million,
$837&nbsp;million, $828&nbsp;million, $831&nbsp;million and $830&nbsp;million in fiscal years 2025 through 2029, respectively; (iv)&nbsp;increased expenditures for programs associated with the DOE (such as providing services to students with
disabilities, increases in charter school tuition rates, universal early childhood education for three-year-olds and certain other education initiatives) of $155&nbsp;million, $1.13&nbsp;billion, $1.77&nbsp;billion, $2.37&nbsp;billion and
$2.41&nbsp;billion in fiscal years 2025 through 2029, respectively; (v)&nbsp;increased expenditures related to the early childhood intervention program of $65&nbsp;million in fiscal year 2026 and $76&nbsp;million in each of fiscal years 2027 through
2029; (vi) increased expenditures to fund school health programs of $36&nbsp;million in each of fiscal years 2026 through 2029; (vii) increased expenditures for Department of Health and Mental Hygiene school nurses of $60&nbsp;million in each of
fiscal years 2026 through 2029; (viii) increased expenditures for supportive housing of $64&nbsp;million in each of fiscal years 2026 through 2029; (ix) increased expenditures to fund the Department of Youth and Community Development Summer Rising
program of $20&nbsp;million in each of fiscal years 2027 through 2029; (x) increased expenditures of $587&nbsp;million in fiscal year 2025 and $112&nbsp;million in each of fiscal years 2026 through 2029, relating to reimbursement from the Health
Insurance Stabilization Fund; and (xi)&nbsp;decreased expenditures for residual services for asylum seekers of $1.13&nbsp;billion, $1.20&nbsp;billion and $98&nbsp;million in fiscal years 2026 through 2028, respectively, and increased expenditures
for such services of $57&nbsp;million in fiscal year 2029. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The OSDC report also identifies (i)&nbsp;debt refunding savings of
$6&nbsp;million in fiscal year 2025 and $27&nbsp;million in each of fiscal years 2026 through 2029; (ii) variable rate debt service savings of $75&nbsp;million in fiscal year 2025; (iii) increased tax revenues of $160&nbsp;million,
$1.05&nbsp;billion, $1.24&nbsp;billion, $1.47&nbsp;billion and $1.79&nbsp;billion in fiscal years 2025 through 2029, respectively; (iv)&nbsp;payroll savings of $325&nbsp;million in fiscal year 2025; and (v)&nbsp;increased miscellaneous revenues of
$100&nbsp;million in fiscal year 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On March&nbsp;4, 2025, the Control Board released its staff report, &#147;FY 2025 January
Modification and Financial Plan.&#148; The report notes that the City&#146;s economy continues to improve at a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">slow-to-moderate</FONT></FONT> pace with a mixed set of macroeconomic
indicators: record high labor force participation and employment population ratio; unemployment insurance claims well below historical averages; robust recovery of tourism; and initial signs of improvement in commercial real estate. The Control
Board believes the City will encounter significant headwinds and potential strain on resources from Trump administration fiscal and immigration policies. The report also suggests, in connection with capital planning and spending, that it would be
prudent for the City to create a comprehensive approach to determine the practicable level of all of its capital commitments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Control
Board report identified an offset of $1&nbsp;million in fiscal year 2025 and net risks of $853&nbsp;million, $1.51&nbsp;billion, $1.98&nbsp;billion and $2.05&nbsp;billion in fiscal years 2026 through 2029, respectively, resulting in a projected
budget surplus of $1&nbsp;million in fiscal year 2025 and budget gaps of $853&nbsp;million, $5.75&nbsp;billion, $7.36&nbsp;billion and $7.13&nbsp;billion </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-14 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
in fiscal years 2026 through 2029, respectively. Such net risks result from: (i)&nbsp;decreased expenditures resulting from higher reimbursements for paratransit costs of $22&nbsp;million in
fiscal year 2025 and increased expenditures resulting from lower reimbursements for paratransit costs of $138&nbsp;million, $163&nbsp;million, $185&nbsp;million and $209&nbsp;million in fiscal years 2026 through 2029, respectively;
(ii)&nbsp;increased expenditures for MTA Bus operations of $13&nbsp;million, $101&nbsp;million, $227&nbsp;million, $275&nbsp;million and $283&nbsp;million in fiscal years 2025 through 2029, respectively; (iii)&nbsp;increases in uniformed services
overtime expenses of $723&nbsp;million, $812&nbsp;million, $804&nbsp;million, $808&nbsp;million and $808&nbsp;million in fiscal years 2025 through 2029, respectively; (iv)&nbsp;increased expenditures associated with the State&#146;s foster care
reimbursement rate of $139&nbsp;million in each of fiscal years 2026 through 2029; (v) decreased expenditures associated with providing services to students with disabilities (Carter Cases) of $321&nbsp;million in fiscal year 2025 and increased
expenditures of $99&nbsp;million, $29&nbsp;million, $29&nbsp;million and $188&nbsp;million in fiscal years 2026 through 2029; (vi) increased expenditures associated with the State class size mandate of $633&nbsp;million, $1.27&nbsp;billion,
$1.9&nbsp;billion and $1.9&nbsp;billion in fiscal years 2026 through 2029, respectively; (vii)&nbsp;increased expenditures associated with State Foundation aid of $5&nbsp;million in fiscal year 2025 and decreased expenditures relating to such aid of
$588&nbsp;million in fiscal year 2026; and (viii)&nbsp;increased expenditures for school nurse contractual services of $129&nbsp;million in each of fiscal years 2026 through 2029. The report also identifies (i)&nbsp;increases in property tax
revenues of $59&nbsp;million, $378&nbsp;million, $443&nbsp;million, $703&nbsp;million and $1.37&nbsp;billion in fiscal years 2025 through 2029, respectively; and (ii)&nbsp;increases in <FONT STYLE="white-space:nowrap">non-property</FONT> tax
revenues of $340&nbsp;million, $232&nbsp;million, $809&nbsp;million, $787&nbsp;million and $238&nbsp;million in fiscal years 2025 through 2029, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Outstanding General Obligation Indebtedness.</B> As of December&nbsp;31, 2024, approximately $43.01&nbsp;billion of City general obligation
bonds were outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As of December&nbsp;31, 2024, Hudson Yards Infrastructure Corporation (&#147;HYIC&#148;) has outstanding
approximately $2.5&nbsp;billion aggregate principal amount of bonds. In addition, HYIC has entered into a term loan facility with Bank of America, N.A. pursuant to which HYIC may draw up to an aggregate amount of $380&nbsp;million, approximately
$94.7&nbsp;million of which has been drawn as of December&nbsp;31, 2024. The term loan facility has a scheduled maturity of June&nbsp;30, 2027. HYIC expects to issue bonds to repay such term loan facility or further extend the maturity date prior to
the scheduled maturity. The bonds financed the extension of the Number 7 subway line and other public improvements in the Hudson Yards area, and the term loan will be used to finance any remaining costs of completion of the original project and the
expansion of the park in the Hudson Yards area. HYIC&#146;s bonds and, on a subordinate basis, draws under the term loan facility are secured by and payable from payments in lieu of taxes and other revenues generated by development in the Hudson
Yards area. To the extent payments in lieu of taxes and other HYIC revenues are insufficient to pay interest on the HYIC bonds or the term loan, the City has agreed to pay the amount of any shortfall in interest, subject to appropriation. No such
payments have been required since fiscal year 2015. The City has no obligation to pay the principal of such bonds or of such term loan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financing
Program. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Water and Sewer. </I>The City&#146;s financing program includes the issuance of water and sewer revenue bonds by the
Water Authority which is authorized to issue bonds to finance capital investment in the City&#146;s water and sewer system. Pursuant to State law, debt service on Water Authority indebtedness is secured by water and sewer fees paid by users of the
water and sewer system. Such fees are revenues of the Water Board, which holds a lease interest in the City&#146;s water and sewer system. After providing for debt service on obligations of the Water Authority and certain incidental costs, the
revenues of the Water Board are paid to the City to cover the City&#146;s costs of operating the water and sewer system and as rental for the system. In fiscal years 2019, 2022 and 2023, the City did not request the rental payment due to the City
from the Water Board. In fiscal years 2020 and 2021, on account of the outbreak of <FONT STYLE="white-space:nowrap">COVID-19,</FONT> the City requested rental payments of $128&nbsp;million and $137&nbsp;million, respectively. The Financial Plan
reflects rental payment requests of $289&nbsp;million in fiscal year 2025, $303&nbsp;million in fiscal year 2026, $315&nbsp;million in fiscal year 2027, $363&nbsp;million in fiscal year 2028 and $393&nbsp;million in fiscal year 2029. The City&#146;s
Preliminary <FONT STYLE="white-space:nowrap">Ten-Year</FONT> Capital Strategy applicable to the City&#146;s water and sewer system covering fiscal years 2026 through 2035 projects City-funded water and sewer investment (which is expected to be
financed with proceeds of Water Authority debt) at approximately $33.3&nbsp;billion. The <FONT STYLE="white-space:nowrap">2025-2029</FONT> Capital Commitment Plan reflects total anticipated City-funded water and sewer commitments of
$11.37&nbsp;billion which are expected to be financed with the proceeds of Water Authority debt. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>New York City Transitional Finance
Authority. </I>The TFA is authorized to have outstanding $21.5&nbsp;billion of Future Tax Secured Bonds with such amount increasing to $27.5&nbsp;billion as of July&nbsp;1, 2025. The TFA may have outstanding Future
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-15 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Tax Secured Bonds in excess of $21.5&nbsp;billion provided that the amount of the Future Tax Secured Bonds, together with the amount of indebtedness contracted by the City, do not exceed the debt
limit of the City, with such amount increasing to $27.5&nbsp;billion as of July&nbsp;1, 2025. The Governor&#146;s Executive Budget includes a proposal to further increase the total amount of Future Tax Secured Bonds authorized to be outstanding and
not subject to the City&#146;s debt limit by an additional $3.0&nbsp;billion beginning July&nbsp;1, 2025, with such amount increasing to $30.5&nbsp;billion. Future Tax Secured Bonds are issued for general City capital purposes and are secured by the
City&#146;s personal income tax revenues and, to the extent such revenues do not satisfy specified debt ratios, sales tax revenues. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In
addition, the TFA is authorized to have outstanding $9.4&nbsp;billion of Building Aid Revenue Bonds to pay for a portion of the City&#146;s five-year educational facilities capital plan. Building Aid Revenue Bonds are secured by State building aid,
which the Mayor has assigned to the TFA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Implementation of the financing program is dependent upon the ability of the City and other
financing entities to market their securities successfully in the public credit markets which will be subject to prevailing market conditions at the times of sale. No assurance can be given that the credit markets will absorb the projected amounts
of public bond sales. A significant portion of bond financing is used to reimburse the City&#146;s General Fund for capital expenditures already incurred. If the City and such other entities are unable to sell such amounts of bonds, it would have an
adverse effect on the City&#146;s cash position. In addition, the need of the City to fund future debt service costs from current operations may also limit the City&#146;s capital program. The Preliminary
<FONT STYLE="white-space:nowrap">Ten-Year</FONT> Capital Strategy for fiscal years 2026 through 2035 totals $170&nbsp;billion, of which approximately 97.8% is to be financed with funds borrowed by the City and such other entities. Congressional
developments affecting federal taxation generally could reduce the market value of <FONT STYLE="white-space:nowrap">tax-favored</FONT> investments and increase the debt-service costs of carrying out the major portion of the City&#146;s capital plan
which is currently eligible for <FONT STYLE="white-space:nowrap">tax-exempt</FONT> financing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Environmental Matters </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>Climate Change: Storms, Strategic Planning and Resiliency</I>. The City has 520 miles of coastline, bordering the Atlantic Ocean as well as
rivers, bays, and inlets. Four of its five Boroughs, Manhattan, Staten Island, Brooklyn, and Queens, are on islands and water also forms the principal boundary of the Bronx. As a result, the City is directly affected by rising sea levels, inland
flooding, and exposed to intensifying coastal storms. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Storms</U>. On Monday, October&nbsp;29, 2012, Superstorm Sandy hit the <FONT
STYLE="white-space:nowrap">Mid-Atlantic</FONT> East Coast. The storm caused widespread damage to the coastal and other <FONT STYLE="white-space:nowrap">low-lying</FONT> areas of the City and power failures in various parts of the City, including
most of downtown Manhattan, the south shore of Staten Island, and the communities surrounding Jamaica Bay in Brooklyn and Queens. On January&nbsp;29, 2013, President Obama signed legislation providing for approximately $50.5&nbsp;billion in
storm-related aid for the region affected by the storm. Although it is not possible for the City to quantify the full, long-term impact of the storm on the City and its economy, the current estimate of the direct costs to the City, NYCHH and NYCHA
is approximately $10.7&nbsp;billion (comprised of approximately $1.8&nbsp;billion of expense costs and approximately $8.9&nbsp;billion of capital project costs). Such direct costs represent funding for emergency response, debris removal, emergency
protective measures, repair of damaged infrastructure and long-term hazard mitigation investments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan assumes that the
direct costs described above will largely be paid from <FONT STYLE="white-space:nowrap">non-City</FONT> sources, primarily the federal government, and that the Community Costs described above will be primarily reimbursed by federal funds. The City
expects reimbursements to come from two separate federal sources of funding, FEMA and HUD. The City has secured approximately $10.8&nbsp;billion in FEMA assistance and other federal emergency response grants (&#147;FEMA Funding&#148;). The maximum
reimbursement rate from FEMA is 90% of total costs. Other federal emergency response grants may have larger local share percentages. The City expects to use $730&nbsp;million of Community Development Block Grant Disaster Recovery funding allocated
by HUD to meet the local share requirements of the FEMA Funding, as well as recovery work not funded by FEMA or other federal emergency response grants for the direct costs described above. This allocation would be available to fill gaps in such
FEMA Funding. As of March&nbsp;20, 2025, the City, NYCHH and NYCHA have received $5.8&nbsp;billion in reimbursements from FEMA Funding for the direct costs described above. In addition to the FEMA Funding described above, HUD has made available
approximately $4.4&nbsp;billion for Community Costs, of which approximately $4&nbsp;billion has been received through January&nbsp;1, 2025. No assurance can be given that the City will be reimbursed for all of its costs or that such reimbursements
will be received </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-16 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
within the time periods assumed in the Financial Plan. There is no assurance, if the City were to experience a similar storm in the future, that <FONT STYLE="white-space:nowrap">non-City</FONT>
sources, including the federal government, would pay the costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On September&nbsp;1, 2021, Hurricane Ida hit the <FONT
STYLE="white-space:nowrap">Mid-Atlantic</FONT> East Coast as a post-tropical cyclone (&#147;Ida&#148;), bringing significant rainfall and resulting in severe flooding in parts of the City, including primarily inland areas. Rainfall from Ida exceeded
the previous record for the most single-hour rainfall in the City and for the first time the National Weather Service declared a flash flood emergency in the City. Ida resulted in the deaths of 13 people in the City, 11 of which occurred in basement
housing units. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Strategic Planning and Resiliency</U>. Since 2007, the City has been engaged in strategic planning for climate change,
recognizing the challenges it presents for City operations and infrastructure. Among other things, the City created the New York City Panel on Climate Change (the &#147;NPCC&#148;), a body of more than a dozen leading independent climate and social
scientists. Since 2008, NPCC has analyzed climate trends, developed projections, explored key impacts, issued reports (the &#147;NPCC Reports&#148;) and advised on response strategies for the City. The NPCC determined that the City is already
experiencing the impacts of climate change and projects dramatic impacts on the City in the future. Climate change is causing more extreme heat, extreme rainfall, coastal storm surge, and chronic tidal flooding. NPCC projections form the basis for
the City&#146;s climate resiliency planning, which involves coordination and cooperation among multiple public and private stakeholders, and expansion of ongoing maintenance and development of municipal infrastructure as well as specific initiatives
such as those described below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Reducing risk from extreme rainfall requires a multi-layered strategy with investments in infrastructure
adaptation, building level protection, data collection, and community engagement. In July 2022, the City released the Rainfall Ready NYC action plan, a plan to prepare the City for more extreme rainfall in the future. The City continues to install
grey infrastructure, such as building out a comprehensive storm sewer system in Southeast Queens, and green infrastructure, such as rain gardens and bluebelt wetlands, to manage stormwater and protect water quality. This work is being carried out by
DEP and funding is included in the City&#146;s capital budget. The City is also working to develop Cloudburst management projects that will use grey and green infrastructure to absorb, store and transfer rainwater during extreme storm events. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Building on NPCC&#146;s recommendations, prior recommendations released after Ida hit the City and the City&#146;s strategic planning, the
City released PlaNYC: Getting Sustainability Done (&#147;PlaNYC 2023&#148;) in April 2023. PlaNYC 2023 addresses some of the risks identified in the NPCC Reports. Among other things, PlaNYC 2023 includes measures to address the biggest risks to the
City associated with climate change, including extreme heat and flooding from extreme rainfall, coastal storms and tidal flooding due to sea level rise. PlaNYC 2023 also describes measures to reduce economy-wide greenhouse gas emissions and
initiatives to transition away from polluting fossil fuels to clean energy. The total costs of implementing all of PlaNYC 2023&#146;s recommendations, including those relating to extreme rainfall, would be substantial and in some cases would require
State, federal or other <FONT STYLE="white-space:nowrap">non-City</FONT> funding alongside additional City funding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In 2023, the City
launched Climate Strong Communities (&#147;CSC&#148;), an initiative of the New York City Mayor&#146;s Office of Climate and Environmental Justice that aims to build resiliency and sustainability infrastructure to reduce risks from climate change in
environmental justice areas. CSC is grounded in environmental justice and guided by three pillars: collaborating with communities, working across government, and unlocking new funding. CSC is an equitable
<FONT STYLE="white-space:nowrap">multi-hazard</FONT> planning framework that leverages infrastructure and climate funding opportunities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City is in the process of implementing infrastructure projects to protect areas of the City from flooding associated with extreme
rainfall, storm surge, and tidal flooding due to sea level rise. (See below for additional information on the impacts of flooding.) These projects and initiatives are in various stages of feasibility review, design, construction, and implementation.
Funding for these projects is expected to come from City, State and federal sources. Some projects are expected to require additional funding to the extent that they are in the planning stages or current funding does not provide for the costs of
construction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In 2023, the City created a new Bureau of Coastal Resilience led by a Deputy Commissioner at the Department of
Environmental Protection to coordinate the City&#146;s coastal resiliency work. Several major coastal resiliency projects are currently underway throughout the City, including the East Side Coastal Resiliency Project (&#147;ESCR&#148;). ESCR, which
broke ground in 2021, is an integrated coastal flood protection system which will create resilient open spaces </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-17 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
and improve waterfront access on Manhattan&#146;s east side, from East 25th Street at the north to Montgomery Street at the south. The City anticipates the entire flood protection system will be
in place and operational by the end of 2026. The total expected cost of ESCR is $1.97&nbsp;billion, with remaining costs fully funded through a combination of City, federal and other funding sources. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Other projects in Lower Manhattan include constructing flood walls and deployable <FONT STYLE="white-space:nowrap">flip-up</FONT> barriers to
protect the Two Bridges neighborhood, developing a plan to extend the Manhattan shoreline from the Brooklyn Bridge to the Battery into the East River to protect the Seaport and Financial District area, and constructing an elevated waterfront
esplanade in the Battery and flood barriers in Battery Park City. Coastal resilience projects are also underway in the Tottenville and Red Hook neighborhoods, and an energy resilience project is underway in Hunts Point, with shoreline reinforcement
projects also happening in other identified areas of the City. These projects are in various stages of feasibility review, design, construction, and implementation. Funding for these projects is coming from City and federal sources, and
$529&nbsp;million is included in the Preliminary <FONT STYLE="white-space:nowrap">Ten-Year</FONT> Capital Strategy. As the projects proceed, the City continues to monitor anticipated costs and reflects updates in the capital plan as needed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The U.S. Army Corps of Engineers (&#147;USACE&#148;) is pursuing the South Shore of Staten Island Coastal Storm Risk Management Project (the
&#147;Staten Island Project&#148;) and the Rockaways Atlantic Shorefront and Bayside Projects (the &#147;Rockaways Projects&#148;). The Staten Island Project is expected to create a <FONT STYLE="white-space:nowrap">5.5-mile</FONT> line of coastal
protection on Staten Island between Fort Wadsworth and Oakwood Beach. USACE currently estimates that the project will cost $1.7&nbsp;billion. The City is responsible for 10.5% of the project costs, and the remaining project costs are to be paid for
with federal and State funds. Approximately half of the City&#146;s share of such project costs is currently reflected in the <FONT STYLE="white-space:nowrap">Ten-Year</FONT> Capital Strategy. The Rockaways Projects consist of coastal protection
elements on the Atlantic shorefront and on the Jamaica Bay side of the Rockaways. Construction has begun on the Atlantic Shorefront Project, which is fully funded by the federal government, with an expected cost of approximately $590&nbsp;million.
Design has started on the Bayside Project, which is fully funded by the federal government, with a current expected cost of $253&nbsp;million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition to site-specific resiliency projects, the City is taking steps to integrate climate resiliency into capital planning through the
NYC Climate Resiliency Design Guidelines, which translate future-looking climate change projections into technical guidance to inform the design of roads, buildings, sewer systems, hospitals, public housing, and other pieces of critical public
infrastructure. In 2021, the City began a five-year pilot program through which dozens of new projects will be designed and constructed using the standards in the NYC Climate Resiliency Design Guidelines. Starting in 2027, all City projects will be
required to meet a stringent set of requirements that will certify their preparedness for extreme weather threats. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In 2015, FEMA issued
preliminary updated flood insurance rate maps, which would have expanded the <FONT STYLE="white-space:nowrap">100-year</FONT> floodplain beyond the areas designated in the flood maps issued in 2007. The City appealed the 2015 preliminary flood maps
challenging the modeling FEMA used to develop them. The 2015 preliminary flood maps were adopted into the building code, but the prior 2007 flood maps remain in effect for flood insurance purposes. In 2016, FEMA agreed with the City&#146;s appeal,
and the City is currently working with FEMA to update the maps. FEMA&#146;s new maps are expected to generally expand the <FONT STYLE="white-space:nowrap">100-year</FONT> floodplain from the 2007 flood maps and may cover different areas than the
2015 preliminary flood maps. FEMA expects to release preliminary flood maps in 2025 and expects the new flood maps to become effective in 2026 or 2027. Such expansion could negatively impact property values in those newly designated areas. In
addition, an increase in areas of the City susceptible to flooding resulting from climate change could result in greater recovery costs to the City if flooding were to occur within such larger areas. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City is committed to minimizing its own greenhouse gas emissions by reaching carbon neutrality by 2050. The City&#146;s efforts to reach
such goal include promoting and investing in electrification, clean energy, energy efficiency, and sustainable transportation, and reducing energy use. Since 2014, the City has invested over $900&nbsp;million in more than 14,000 energy conservation
measures across almost 2,900 buildings, comprising more than 70&nbsp;percent of City government&#146;s building square footage. The investments have decreased energy use and reduced emissions by nearly 372,000 metric tons. The Preliminary <FONT
STYLE="white-space:nowrap">Ten-Year</FONT> Capital Strategy includes $3.3&nbsp;billion to continue this work to reduce energy use and greenhouse gas emissions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Despite the efforts described above, the magnitude of the impact on the City&#146;s operations, economy, or financial condition from climate
change is indeterminate and unpredictable. No assurance can be given that the City will not encounter more frequent and intense climate impacts such as hurricanes, tropical storms, cloudbursts, droughts,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-18 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
heatwaves or catastrophic sea level rise in the future, or that such risks will not have an adverse effect on the operations, economy or financial condition of the City. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cybersecurity </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The City relies on a
large and complex technology environment to conduct its operations. As a recipient and provider of personal, private or sensitive information, the City and its agencies and offices face multiple cyber threats including, but not limited to, hacking,
viruses, malware and other attacks on computers and other sensitive digital networks and systems. The City&#146;s Office of Cyber Command (&#147;Cyber Command&#148;), which was created in 2017, is charged with setting information security policies
and standards for the City, directing the City&#146;s citywide cyber defense and incident response, deploying defensive technical and administrative controls and providing guidance to the Mayor and City agencies on cyber defense. In January 2022,
Cyber Command became part of the City&#146;s Office of Technology and Innovation (formerly the Department of Information Technology and Telecommunications). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Cyber Command has over 100 full-time employees and works with designated cybersecurity contacts at each City agency as part of the Citywide
Cybersecurity Program. The Financial Plan reflects funding for Cyber Command of $113&nbsp;million in fiscal year 2025 and approximately $108&nbsp;million in fiscal year 2026. Such funding does not account for cybersecurity funding at other City
agencies. Cyber Command is built around two core cybersecurity functions: (1)&nbsp;threat management, which manages incident response and cyber threat intelligence and vulnerability management, which helps agencies prioritize remediation efforts on
identified unpatched systems in the City&#146;s networks; and (2)&nbsp;security sciences, which manages strategic and tactical cyber defense technologies and initiatives. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In carrying out its functions, Cyber Command works with a range of City, State, and federal law enforcement agencies, including the New York
City Police Department and the Federal Bureau of Investigation&#146;s Joint Terrorism Task Force. In February 2022, the City and the State, along with the mayors of Albany, Buffalo, Rochester, Syracuse, and Yonkers, unveiled the Joint Security
Operations Center. The center has enhanced coordination of cybersecurity efforts across the State, helping to foster collaboration among city, State, and federal entities. Cyber Command also regularly works with other states and municipalities
throughout the country to share cybersecurity threat intelligence and best practices, as well as with <FONT STYLE="white-space:nowrap">non-governmental</FONT> entities such as utilities, telecommunications providers and financial services companies
for the purpose of enhancing collective cyber defenses. The City has developed standard cybersecurity policies and standards for third party vendors of the City to follow, and security provisions for contracts with vendors, which help ensure that
the City is notified of cyber breaches and suspected cyber breaches of a vendor&#146;s network environment. The City has also developed a Citywide Incident Response Policy, which requires City agencies to develop incident response plans in
accordance with Cyber Command policies and standards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While the City conducts periodic tests and reviews of its networks, no assurances
can be given that such security and operational control measures will be successful in guarding against all cyber threats and attacks. New technical cyber vulnerabilities are discovered in the United States daily. In addition, cyber attacks have
become more sophisticated and are increasingly capable of impacting municipal control systems and components. The techniques used to obtain unauthorized access to, or to disable or degrade, electronic networks, computers, systems and solutions are
rapidly evolving and have become increasingly complex and sophisticated. In addition, there is heightened risk due to an increase in remote access to City systems by City employees as a result of the outbreak of
<FONT STYLE="white-space:nowrap">COVID-19.</FONT> As cybersecurity threats continue to evolve, the City may be required to expend significant additional resources to continue to modify and strengthen security measures, investigate and remediate any
vulnerabilities, or invest in new technology designed to mitigate security risks. The results of any successful attack on the City&#146;s computer and information technology systems could impact its operations and damage the City&#146;s digital
networks and systems, and the costs of remedying any such damage could be substantial. Consistent with the City&#146;s general policy to self-insure, the City does not carry insurance against cyber attacks. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The NYC Vulnerability Disclosure Program (VDP) was expanded in October 2023. This program, developed in partnership with a security testing
platform, broadens the scope of the City&#146;s efforts to identify and address vulnerabilities within its publicly accessible digital resources. By establishing guidelines, rules of engagement, and a secure channel for security researchers to send
vulnerability submissions, the program complements existing Cyber Command initiatives, facilitating timely remediation of identified risks. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-19 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NEW YORK STATE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New York is the fourth most populous state in the nation, after California, Texas, and Florida, and has a relatively high level of personal
wealth. The State&#146;s economy is diverse, with a large share of the nation&#146;s financial activities, information, education, and health services employment, and a small share of the nation&#146;s farming and mining activity. The State&#146;s
location, air transport facilities, and natural harbors have made it an important hub for international commerce. Travel and tourism constitute an important part of the economy. Like the rest of the nation, New York has a declining proportion of its
workforce engaged in manufacturing and an increasing proportion engaged in service industries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Manufacturing employment continues to
stagnate as a share of total State nonfarm employment, as in most other states. As a result, New York&#146;s economy is less reliant on this sector than in the past. However, it remains an important sector of the State economy, particularly for the
upstate region, which hosts higher concentrations of manufacturers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As defined under the North American Industry Classification System
(NAICS), the trade, transportation, and utilities supersector accounts for the second largest component of State nonfarm employment but only the fifth largest when measured by wage share. This sector accounts for a smaller share of employment and
wages for the State than for the nation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New York City is the nation&#146;s leading center for banking and finance. For this reason, this
sector is far more important for the State than for the nation. Although this sector accounts for less than <FONT STYLE="white-space:nowrap">one-tenth</FONT> of all nonfarm jobs in the State, it accounts for
<FONT STYLE="white-space:nowrap">one-fifth</FONT> of total wages. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The remaining service-producing sectors include information,
professional and business services, private education and health care, leisure and hospitality services, and other services. When combined, these industries account for over half of all nonfarm jobs in New York. Information, education and health,
and other services account for a higher percentage of total State employment than for the nation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Farming is an important part of the
State&#146;s rural economy, although it constitutes only 0.2&nbsp;percent of the total State GDP. According to the New York State Department of Agriculture and Markets, New York is the fifth largest dairy producer in the nation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Federal, State, and local governments comprise the third largest sector in terms of nonfarm jobs. Public education is the source of over
40&nbsp;percent of total State and local government employment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Annual Information Statement.</B> The Annual Information Statement,
dated June&nbsp;12, 2025 (&#147;AIS&#148;), reflects the State&#146;s Enacted Budget Financial Plan for Fiscal Year (FY) 2026 issued by the Division of the Budget (DOB) and sets forth the State&#146;s official Financial Plan projections for Fiscal
Year 2026 through Fiscal Year 2029 (the &#147;Financial Plan period&#148;). The AIS is dated June&nbsp;12, 2025 (the same date as the release date of the FY 2026 Enacted Budget Financial Plan) and contains information only through that date, unless
otherwise noted in the AIS. The AIS includes information on the State&#146;s current financial projections, including summaries and extracts from the State&#146;s fiscal year 2026 (FY 2026)<SUP STYLE="font-size:75%; vertical-align:top">1</SUP>
Enacted Budget Financial Plan (the &#147;Enacted Budget Financial Plan&#148; or &#147;Financial Plan&#148;) issued by DOB on June&nbsp;12, 2025. The Financial Plan (which is available on the DOB website, <FONT
STYLE="font-family:Times New Roman; font-size:10pt" COLOR="#0563c1"><U>www.budget.ny.gov)</U></FONT><FONT STYLE="font-family:Times New Roman"> sets forth the State&#146;s official financial projections for FY 2026 through FY 2029 (the
&#147;Financial Plan period&#148;). It includes, among other things, information on the major components of the FY 2026 General Fund <FONT STYLE="white-space:nowrap">gap-closing</FONT> plan, future potential General Fund budget gaps, multi-year
projections of receipts and disbursements for the State&#146;s operating funds, the impact on debt measures, and the anticipated debt issuances required to support planned capital spending. The AIS is dated the same date as the release date of the
Financial Plan and contains information only through this date, except for certain explanatory information not contained in the Financial Plan which DOB has determined does not materially change the projections contained in the Financial Plan.
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">DOB expects to complete the first quarterly update to the FY 2026 Enacted Budget Financial Plan in July 2025. However, given
(i)&nbsp;the relatively short period of time since the release date of the FY 2026 Enacted Budget Financial </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP> The State fiscal year is identified by the calendar year in which it ends. For example, fiscal year 2026
(&#147;FY 2026&#148;) is the fiscal year that began on April&nbsp;1, 2025 and will end on March&nbsp;31, 2026. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-20 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Plan, and (ii)&nbsp;DOB&#146;s current analysis of preliminary operating results for the first quarter of FY 2026, DOB does not anticipate that there will be material changes in the State&#146;s
financial condition to mandate the release of a first quarterly update to the AIS. Accordingly, DOB does not anticipate that it will be preparing and releasing a first quarterly update to the AIS and instead expects the next update of the AIS to be
released following the <FONT STYLE="white-space:nowrap">mid-year</FONT> update to the Enacted Budget Financial Plan. In addition to regularly scheduled quarterly updates to the AIS, the State may issue AIS supplements or other disclosure notices
related to the AIS as events warrant. The State intends to announce publicly whenever an update or a supplement is issued. The State may choose to incorporate by reference all or a portion of the AIS in official statements or related disclosure
documents for State or State-supported debt issuances. The State has filed the AIS with the Municipal Securities Rulemaking Board through its Electronic Municipal Market Access (EMMA) system. An electronic copy of the AIS can be accessed through
EMMA at <U>www.emma.msrb.org</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The annual State budget process and financial reporting cycle begins with the start of a new State
fiscal year on April&nbsp;1 and the enactment of the State&#146;s annual budget (the &#147;Enacted Budget&#148;), which may occur after the start of the fiscal year. Following the Enacted Budget, DOB publishes the State&#146;s Enacted Budget
Financial Plan and generally updates it quarterly to reflect results through June&nbsp;30 (the &#147;First Quarterly Update to the Financial Plan&#148;), September&nbsp;30 (the <FONT STYLE="white-space:nowrap">&#147;Mid-Year</FONT> Update to the
Financial Plan&#148;), and December&nbsp;31 (the &#147;Executive Budget Financial Plan&#148;). In addition, the Governor&#146;s Executive Budget proposal (the &#147;Executive Budget&#148;) is typically submitted to the Legislature in January and the
Governor&#146;s amendments are due within thirty days following the submission of the Executive Budget, at which time the Executive Budget Financial Plan may be amended (the &#147;Updated Executive Budget Financial Plan&#148;). However, in State
fiscal years when a gubernatorial election occurs, the Governor&#146;s Executive Budget proposal is due on or before the first day of February and amendments are due in early March. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FINANCIAL PLAN OVERVIEW </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Impact of Federal
Legislation </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The update included under this heading in the AIS reflects the State&#146;s preliminary assessment of Federal legislation
enacted July&nbsp;4, 2025. The remainder of the AIS other than the update included under this heading is dated June&nbsp;12, 2025, the same date as the release date of the State&#146;s FY 2026 Enacted Budget Financial Plan, and does not reflect the
impact of this enacted Federal legislation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On July&nbsp;4, 2025, the President signed a bill that substantially alters Federal funding
for health care and food security programs and services provided to New Yorkers and amends the Federal tax liability of New York&#146;s residents and businesses. The bill is expected to increase State and local government costs for health care and
food security programs beginning January&nbsp;1, 2026. The impact on the current fiscal year (FY 2026) is projected to be less than the State&#146;s transaction risk reserve, however initial cost estimates in future years are expected to be in the
range of $3 to $5&nbsp;billion for State and local governments. The State is analyzing the programmatic and fiscal implications of the bill and options to redress the fiscal impacts. DOB expects that the costs associated with the Federal bill will
be addressed as part of the FY 2027 Budget process or sooner. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State&#146;s initial estimates of the total potential State and local
government costs relating to Medicaid and SNAP (discussed below) absent any programmatic, service, or funding modifications that may be necessary are: $750&nbsp;million in FY 2026, $3.103&nbsp;billion in FY 2027, $3.790&nbsp;billion in FY 2028, and
$4.770&nbsp;billion in FY 2029. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Medicaid.</B> Certain Medicaid populations will be disqualified from obtaining premium tax credits
based on immigration status, effective January&nbsp;1, 2026, thereby eliminating the Federal funding received for this population in the Essential Plan (EP). If those individuals who currently qualify for EP are eligible to move to the Medicaid
program, it could cost the State up to $3&nbsp;billion annually. The bill also includes changes to public insurance eligibility for certain <FONT STYLE="white-space:nowrap">non-citizen</FONT> populations, which may impact the State-share cost of
coverage for individuals that are currently eligible for public health care programs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Effective January&nbsp;1, 2027, states will also be
required to establish Medicaid community engagement requirements for certain <FONT STYLE="white-space:nowrap">non-exempted</FONT> populations that will be required to document 80 hours per month of work, education, and/or community service to be
eligible for Medicaid benefits. Initial estimates forecast as many as 750,000 to 1.5&nbsp;million enrollees may be impacted by this new requirement. These requirements could result in changes to the State&#146;s
<FONT STYLE="white-space:nowrap">out-year</FONT> Medicaid enrollment projections, as well as implementation costs for the Department of Health. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-21 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Beginning on October&nbsp;1, 2027, the State&#146;s ability to utilize provider taxes<SUP
STYLE="font-size:75%; vertical-align:top">2</SUP> will be limited, over a multi-year period, by provisions that lower the &#147;safe harbor threshold&#148; for Affordable Care Act (ACA) Expansion States by 0.5&nbsp;percent annually, phasing down
from 6&nbsp;percent to 3.5&nbsp;percent. Currently, New York&#146;s provider tax rates are presently below 6&nbsp;percent; therefore, the fiscal impact associated with this change is not anticipated until FY 2029. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The enacted bill removed a provision initially included in previous versions of the bill that would have penalized ACA Expansion States for
covering certain immigrants in Medicaid and Child Health Plus (CHP) by reducing the enhanced Federal match received for newly eligible adults. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Supplemental Nutrition Assistance Program (SNAP).</B> The administration of SNAP benefits and most associated costs are currently covered
by local social service districts. The recent Federal law changes increase the state/local district administrative cost-sharing from 50&nbsp;percent to 75&nbsp;percent effective October&nbsp;1, 2026. Based on existing law, the State estimates its
share of the administrative costs would increase by $18&nbsp;million in FY 2027 and $36&nbsp;million in FY 2028 and each year thereafter. The balance of the increased costs would be borne by local governments, absent any law changes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition, the law will introduce a new <FONT STYLE="white-space:nowrap">non-Federal</FONT> share of benefits in the SNAP program, ranging
from O percent to 15&nbsp;percent of program costs effective October&nbsp;1, 2027. The implementation of this new <FONT STYLE="white-space:nowrap">non-Federal</FONT> share may be delayed by up to two years depending on the State&#146;s error rate in
Federal Fiscal Years 2025 or 2026. Currently, Federal resources flow directly to the local service districts to fund the benefits of the SNAP program. The State does not currently make payments and does not have any existing appropriations to make
payments for this purpose - all payments are the responsibility of local social service districts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Federal Tax Law Changes. </B>The
bill permanently extends the current income tax rates originally enacted in 2017. The State and Local Tax (SALT) deduction cap is temporarily increased from $10,000 to $40,000 for filers with incomes below $500,000, phasing out to $10,000 for filers
with higher incomes. The higher SALT deduction cap will go into effect for tax year 2025 and will be adjusted for inflation through tax year 2029. The cap reverts to $10,000 in 2030. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Several other provisions will benefit filers in New York State including the deduction for seniors, the increase in the Child Tax Credit, and
the deductibility of tip and overtime income. The Federal tax law changes are not expected to directly impact State revenues or the Financial Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financial Plan Overview </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State ended
FY 2025 with a $3.9&nbsp;billion General Fund surplus, $400&nbsp;million higher than estimated in the FY 2026 Executive Budget Financial Plan. The 2026 Enacted Budget Financial Plan uses this surplus to support, in part, the multi-year cost of
enacted tax reforms and initiatives aimed at making New York more affordable for New Yorkers. Looking forward, the State&#146;s fiscal outlook remains positive in FY 2026. DOB expects that the General Fund will have sufficient liquidity in FY 2026
to make all planned payments as they become due and to support the continued prepayment of certain expenses. Rainy Day Reserves remain well above historical levels, even after a planned payoff of the Federal Unemployment Account loan. In FY 2025,
the statutory Rainy Day Reserve was increased by $2.5&nbsp;billion, and additional planned deposits are expected to bring the balance to $10&nbsp;billion by FY 2028, as fiscal conditions permit. Debt levels are projected to remain nearly flat at
less than 1&nbsp;percent growth over the past decade; historic liquidity levels are projected to continue to deliver high investment returns; and recent deposits to the Retiree Health Benefit Trust Fund have increased the balance to
$1.9&nbsp;billion. In addition to reserves available to manage risks, the Enacted Budget includes legislation that grants the Budget Director the authority to reduce appropriations and disbursements by any amount needed to restore budget balance if
an imbalance of $2&nbsp;billion or more is expected. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Despite this positive outlook, the State is facing greater uncertainty due to
factors including changing Federal policies and proposals, elevated inflation levels and slowing economic growth. Since the Executive Budget Financial Plan was released, changes in programmatic and policy priorities at the Federal level have
introduced new uncertainties that could negatively impact the State, local governments, health care providers, and program beneficiaries. Proposed
</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><SUP
STYLE="font-size:75%; vertical-align:top">2</SUP> Federal statute and regulations define a provider tax as a health care-related fee, assessment, or other mandatory payment for which at least 85&nbsp;percent of the burden of the tax revenue falls on
health care providers. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-22 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
Federal spending reductions could reduce Federal funding to the State and to New Yorkers who benefit from such funding, and changes to tariff policies have prompted concerns about the potential
for a trade war that could pose risks to the State&#146;s economic forecast. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Recession fears among economists and business leaders are
currently elevated, resulting in revisions to the U.S. and New York State economic outlook since January 2025. The U.S. economy experienced its first contraction in three years in the first quarter of 2025, shrinking by 0.2&nbsp;percent as measured
by real Gross Domestic Product (GDP), and significantly lower growth rates and higher inflation estimates are raising concerns about &#147;stagflation.&#148; Employment trends indicate labor markets are softening, and unemployment projections have
risen slightly since January 2025. In addition, the expected volatility in economic conditions has softened the outlook for finance and insurance sector bonuses after historically high bonuses in the first quarter of 2025. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State also faces a few headwinds that present the potential for future fiscal challenges, including the ongoing implications of climate
change, and sustained trends of elevated enrollment and rising costs in public health insurance programs. Proposed Federal spending reductions could impact vital New York programs, including health care delivery and coverage, social services, public
safety, and climate resiliency and clean energy programs, further exacerbating multi-year fiscal risks and uncertainty. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The magnitude and
scale of the potential reductions in Federal assistance under consideration, particularly for Medicaid and SNAP, is likely to exceed the State&#146;s ability to support the cost shifts and could result in reduced services and eligibility for certain
programs currently provided to New Yorkers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FY 2026 Enacted Budget Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Governor submitted the FY 2026 Executive Budget to the Legislature on January&nbsp;21, 2025, the day after the U.S. Presidential
Inauguration, and the <FONT STYLE="white-space:nowrap">30-Day</FONT> amendments to the Executive Budget on February&nbsp;20, 2025. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On
March&nbsp;27, 2025, the Legislature enacted the annual debt service appropriations, without amendment, in advance of the new fiscal year that began on April 1. On May&nbsp;8, 2025, the Legislature completed final action on the budget bills and
delivered the bills to the Governor. The Governor completed her review of the budget bills on May&nbsp;20, 2025. The legislative session concluded on June&nbsp;12, 2025 for the Senate and is expected to conclude on June&nbsp;17, 2025 for the
Assembly. DOB does not anticipate any legislation with significant fiscal impacts will be approved. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The final budget agreement continues
support for investments and increases to nearly all program areas made over the past three years and includes key elements of the Governor&#146;s affordability proposals advanced in her Executive Budget. The Enacted Budget delivers $2&nbsp;billion
back to New Yorkers through Inflation Refund payments to qualified tax filers from surplus resources available in FY 2025, lowers the rates for five of the nine income tax brackets to reduce the tax burden, and significantly enhances the child tax
credit for children under 4 years old in FY 2027 and for children 4 through 16 in FY 2028 and FY 2029. The Budget also increases or extends several other tax credits. To support the long-term cost of these tax cuts, the Enacted Budget extends the
top tax rates for tax filers with taxable incomes above $2.1&nbsp;million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Enacted Budget also includes increased funding to address
public safety, mental health care, housing affordability and access, transportation, health care delivery, abortion access, and child care. In addition, it updates the Foundation Aid formula, increasing aid by 5.7&nbsp;percent in School Year (SY)
2026. Additional spending is included to support a 2.6&nbsp;percent targeted inflationary increase for certain eligible programs; free school meals for all students regardless of income; the remaining costs of tuition, fees, and books for community
college students ages 25 to 55 pursuing select first-time associates degrees in high-demand occupations, including nursing, teaching in shortage areas, technology, and engineering; distressed hospital assistance; hunger prevention and nutrition
assistance; operating aid for the State University of New York (SUNY) and City University of New York (CUNY) campuses and the SUNY Downstate Hospital; Medication-Assisted Treatment (MAT) for substance abuse disorders; mental health services for
justice-involved individuals; law enforcement activities; City of New York (NYC) subway safety initiatives; and the authorized repayment of the outstanding Federal Unemployment Account loan that would otherwise be borne by businesses. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-23 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New capital funding commitments will support transportation, affordable and supportive
housing, economic and community development, environmental and clean energy initiatives, increased access to care and housing opportunities for individuals facing mental health challenges, health care transformation, public safety, and investments
in higher education. The new capital commitments enacted in the budget are funded not only with bonds but also with cash resources, to ensure the State&#146;s debt burden remains affordable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition, the Enacted Budget includes a multi-year spending plan supported by the Federal government&#146;s approval of an assessment on
managed care organizations (MCO) which took effect on January&nbsp;1, 2025. The assessment is expected to provide up to $3.7&nbsp;billion of new resources over two years, which will be deposited to the Healthcare Stability Fund (HSF). The resources
are expected to be used to offset existing Global Cap Medicaid spending and provide additional funding for the Healthcare Safety Net Transformation Program, as well as increased funding for hospitals, nursing homes, outpatient clinics, maternal
health services, and other health care providers. These resources and investments are dependent on the successful execution of the assessment, for which the Federal government&#146;s current approval may be revisited or amended via regulation
changes to prevent the State from receiving the planned two years of resources. Given the uncertainty of continued Federal approval, the Financial Plan does not include support for these investments in future years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Enacted Budget projects total spending in FY 2026 of $254.4&nbsp;billion in All Governmental Funds and $146.1&nbsp;billion in State
Operating Funds. Compared to FY 2025 results, spending is projected to increase by $12.9&nbsp;billion or 5.3&nbsp;percent for All Governmental Funds and $12.4&nbsp;billion or 9.3&nbsp;percent for State Operating Funds. General Fund spending, which
includes transfers to other funds, is projected to total $125.5&nbsp;billion in FY 2026 inclusive of an estimated $7.2&nbsp;billion transfer to the Unemployment Insurance Fund<SUP STYLE="font-size:75%; vertical-align:top">3</SUP> to support the
planned payoff of a Federal Unemployment Account loan. Excluding this transfer, General Fund spending is projected to total $118.3&nbsp;billion, an increase of $9.6&nbsp;billion or 8.9&nbsp;percent from FY 2025 results. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Roughly $6&nbsp;billion, or almost half, of the projected State Operating Funds spending increase in FY 2026 supports the State&#146;s two
largest assistance and grants programs &#150; Medicaid and School Aid. Another $3&nbsp;billion in spending growth in FY 2026 is attributable to projected operational costs, including fringe benefits, for all branches of State government. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Reserves and Risks </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Reserves.</B>
Over the past several years, the State has significantly increased reserves to ensure that it can honor its commitments through good and bad times. The State has defined Principal Reserves as the compilation of three reserves: the Tax Stabilization
Reserve Fund, the Rainy Day Reserve Fund, and amounts informally reserved for economic uncertainties. The first two, which are known collectively as the &#147;Rainy Day Reserves,&#148; have specific statutory limits on how much can be deposited
annually and specific conditions on when they can be used and how any use must be repaid. The reserve for economic uncertainties is an informal designation of General Fund resources that was initiated in FY 2020 and is not subject to any statutory
limitation as to size or restriction as to use. Together, these funds provide a prudent buffer against financial risks. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In FY 2025, the
State deposited $1.5&nbsp;billion to the statutory Rainy Day Reserve Fund and transferred another $1&nbsp;billion from the discretionary Reserve for Economic Uncertainties to the Rainy Day Reserve Fund - the first of four planned installments to
achieve the goal of bringing the balance to $10&nbsp;billion by FY 2028, as fiscal conditions permit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan includes the use
of $7&nbsp;billion from Principal Reserves in FY 2026 for the one-&nbsp;time purpose of eliminating the UI Federal loan and restoring the solvency of New York&#146;s unemployment program. The remaining $14&nbsp;billion balance in Principal Reserves
remains at historically high levels - more than 3.5 times the level held 5 years ago and nearly 8 times the level held a decade ago. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Risks.</B> The Financial Plan faces ongoing economic risks, including: slowing economic growth; continued price inflation; geopolitical
uncertainties; Federal immigration policy; climate change and natural disasters; programmatic </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">3</SUP> The FY 2026 Enacted Budget authorizes the transfer of funds from the General Fund to the Unemployment
Insurance Fund, which is classified as an Enterprise Fund. This transaction does not impact State Operating Funds and All Governmental Funds spending, as transfers are excluded from the calculation of spending outside of the General Fund.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-24 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
cost pressures; uncertainty about the fiscal conditions of outside entities relying on State assistance; risks due to the State&#146;s dependence on Federal funding and approvals; and possible
policy changes and reductions to Federal assistance for health and social welfare programs and coverage currently under consideration by the Federal government. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">While the DOB forecast of receipts and spending is primarily based on current law and reasonable assumptions as of the time it was prepared,
economic uncertainties and the dependence of the State&#146;s tax base on the financial sector are embedded risks. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Reserves are the most
practical and effective defense against such unpredictable risks. Outside experts view robust reserves as an essential tool for mitigating service reductions and public employee layoffs during periods of slow or declining growth. A recession would
pose significant downside risks to the DOB forecast. During a &#147;typical&#148; recession, declines in receipts could be significant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The United States has experienced eight recessions since the late 1960s that resulted in declines in economic output and corporate profits,
stock market losses, job losses, and business investment contraction. DOB has and continues to evaluate the impacts of these past downturns to predict potential impacts of a future recession. DOB currently estimates that tax receipts can be expected
to fall between $35&nbsp;billion and $50&nbsp;billion cumulatively over a three-year period in a recession that resembles those experienced after 9/11 and during the Great Recession of 2008. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Outyear Budget Gaps </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The outyear budget
gaps have increased from the Executive Budget proposal in large part due to the updated economic outlook that drives lower tax receipts. If the FY 2027 Budget is balanced with recurring savings, the budget gaps for FY 2028 and FY 2029 would be
reduced to roughly $4.5&nbsp;billion and $7&nbsp;billion, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The outyear budget gaps are the result of a structural imbalance
between forecasted levels of spending growth and available resources. The projected gaps include a $2&nbsp;billion transaction risk reserve in each year, as well as the use of prior year surpluses carried forward into future years and cautious
estimates of disbursements, a practice that provides a cushion for potential receipts shortfalls and unanticipated costs that may materialize within a fiscal year. The projected budget gaps do not reflect the use of any Principal Reserves to balance
operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Tax receipts are projected to grow 2.6&nbsp;percent on average through FY 2029, compared to the 4.4&nbsp;percent growth
experienced over the past two decades. Tax receipts support roughly 80&nbsp;percent of State Operating Funds spending which is projected to increase by 5.6&nbsp;percent on average through FY 2029. Roughly half of the State Operating Funds budget
supports the State&#146;s two largest program areas - health care and education - which have grown substantially over the past several years, reflecting historic, recurring funding increases for schools and the health care system. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Spending </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State&#146;s two largest
programs, School Aid and Medicaid, continue to drive a large share (nearly half) of the spending growth in FY 2026. Since fully funding school Foundation Aid in FY 2024 with average annual growth of 9.2&nbsp;percent over the three-year phase in,
School Aid spending continues to increase above the full Foundation Aid amount. Likewise, the continuation of significant growth in Medicaid spending is largely driven by sustained high levels of enrollment in the Medicaid program, as well as prior
year expansion of benefits, increases in reimbursement rates, and expanded utilization of the State&#146;s Managed Long-Term Care (MLTC) program by the State&#146;s aging population. In addition, the MCO assessment transaction is expected to
increase Medicaid spending by nearly $1.2&nbsp;billion in FY 2026 through State share assessment offsets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The remaining assistance and
grant spending growth includes projected increases totaling $3.3&nbsp;billion for all other areas including social services, mental hygiene, public safety, transportation, and higher education, as well as $2.3&nbsp;billion in Other State Agency
(OSA) local Medicaid spending that is excluded from the Department of Health (DOH) Medicaid Global Cap. Beginning in FY 2026, these costs that were previously reported in the DOH budget will now be reported in the respective agencies to more
appropriately align program activities and costs to agencies responsible for managing such spending. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-25 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Agency Operations spending growth in FY 2026 is projected across all branches of government,
including SUNY, reflecting increases in workforce, salary and fringe benefits, and operational costs. The growth also includes costs associated with stabilizing the correctional system and the decline in Federal reimbursement for prior year State
costs incurred for <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic response and recovery efforts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Debt service spending levels
are impacted by prepayments. Excluding the impact of prepayments, debt service is projected to increase 8.2&nbsp;percent in FY 2026. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">All
Funds spending also includes the projected phase-down of pandemic related Federal operating assistance and planned capital projects spending increases consistent with the Five-Year Capital Program and Financing Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Over the past several years, the State has made historic investments in nearly all program areas, including: fully funding Foundation Aid to
schools; supporting health care delivery improvements; expanding access to mental health services, child care, and housing; providing assistance to distressed hospitals, other health care providers and workers; increasing support for higher
education and university operations; addressing gun crime and violence; expanding access to school meals; protecting the environment; and improving energy affordability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The investments made in recent years have increased projected spending for assistance and grants by roughly $40&nbsp;billion or
60&nbsp;percent from the $67&nbsp;billion recorded five years ago<SUP STYLE="font-size:75%; vertical-align:top">4</SUP> to over $107&nbsp;billion projected in FY 2026. Nearly <FONT STYLE="white-space:nowrap">two-thirds</FONT> of this growth is
concentrated in School Aid and Medicaid, reflecting historic, recurring funding increases for schools and the health care system. New York continues to spend significantly more on these two programs than any other state in the nation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>School Aid. </B>The State provides a substantial amount of financial support for public schools through State formula aids and grants.
Currently, approximately 2.5&nbsp;million kindergarten through 12th grade students are enrolled in the State&#146;s public schools, including 186,000 students enrolled in charter schools. For more than a decade, New York has ranked first among the
states for per pupil spending. In SY 2023, New York spent $30,012 per pupil, almost double the national average of $16,526 per pupil and approximately 14&nbsp;percent higher than second ranked
Vermont.<SUP STYLE="font-size:75%; vertical-align:top">5</SUP> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New York&#146;s <FONT STYLE="white-space:nowrap">per-pupil</FONT> spending
has increased from roughly $20,000 in SY 2013 to $30,000 as of SY 2023. This increase was supported in large part by the three-year <FONT STYLE="white-space:nowrap">phase-in</FONT> of full funding of the Foundation Aid formula completed in SY 2024,
which aided in adding over $6.6&nbsp;billion (23 percent) to State-funded School Aid between SY 2022 and SY 2025. In addition to State aid, school districts have continued to raise revenue through local property tax increases, which when combined
with State aid increases and Federal <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic related assistance, have afforded many districts the ability to amass substantial reserves and surplus balances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Adding to the historic increases in funding over the past several years, the Enacted Budget includes $37.6&nbsp;billion for School Aid in SY
2026, an increase of $1.7&nbsp;billion (4.9 percent), inclusive of a $1.4&nbsp;billion (5.7 percent) Foundation Aid increase. Since SY 2022, State-funded School Aid will have increased by roughly $8.3&nbsp;billion (28.4 percent), inclusive of the
Enacted Budget&#146;s increase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Medicaid.</B> The New York State Medicaid Program provides health and long-term care coverage to
lower-income children, pregnant women, adults, seniors, and people with disabilities. The Medicaid program also funds a portion of wages for home care workers and caregivers self-directed by consumers under the Consumer Directed Personal Assistance
Program (CDPAP) and is a large contributor of funding to both public and private hospitals, as well as nursing homes, through various supplemental programs. Medicaid spending growth continues to escalate as utilization of the system, primarily MLTC,
which includes the CDPAP, rises with an aging population. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Nearly 7&nbsp;million individuals (36&nbsp;percent of the State&#146;s
population) are currently covered by Medicaid. When combined with other public insurance coverage, such as CHP and EP, New York has the highest percent of people covered by publicly funded medical insurance in the nation with a total of
9&nbsp;million people enrolled. The State offers some of the </P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">4</SUP> FY 2021 reported State Operating Funds assistance and grants totaled $65&nbsp;billion inclusive of a
temporary Enhanced Federal Medical Assistance Percentage (eFMAP) that lowered State Medicaid spending and <FONT STYLE="white-space:nowrap">one-time</FONT> payments delayed from FY 2020 due to the pandemic, excluding these temporary spending impacts,
baseline spending is calculated at $67&nbsp;billion in FY 2021. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">5</SUP> U.S. Census Bureau, 2023 Annual
Survey of School System Finances. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-26 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
most comprehensive and extensive Medicaid benefits in the nation, including optional services such as coverage for pharmacy and personal care services. As of 2023<SUP
STYLE="font-size:75%; vertical-align:top">6</SUP>, New York&#146;s $4,724 per capita spending was more than 46&nbsp;percent above the national average of $2,554 per capita and over 19&nbsp;percent higher than the next highest spending state &#150;
New Mexico &#150; which spent $3,824 per capita. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Medicaid costs are financed jointly by the Federal, State, and local governments. New
York receives the minimum Federal Medicaid matching share of roughly 50&nbsp;percent. Local districts&#146; costs have been capped at calendar year 2015 levels, saving the City of New York and counties billions of dollars annually by shifting the
costs to the State. In FY 2026, local governments will save an estimated $8.3&nbsp;billion bringing the cumulative total saved to nearly $54&nbsp;billion since 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In FY 2026, DOH Medicaid spending (excluding operational costs) is projected to total $35.4&nbsp;billion, an increase of $4.2&nbsp;billion
(13.5 percent) from the revised FY 2025 levels - triple the spending level from 15 years ago. The growth is due to medical cost increases, enrollment remaining at elevated levels, expansion of benefits, increases to reimbursement rates, and
continued growth in aging and high utilization populations. Other factors that continue to place upward pressure on State-&nbsp;share Medicaid costs include, but are not limited to, provider reimbursements to cover home health wage increases, the <FONT
STYLE="white-space:nowrap">phase-out</FONT> of enhanced Federal funding, increased costs and enrollment growth in MLTC, and the needs of financially distressed hospitals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To avoid adverse impacts on the health care industry, and to more accurately reflect DOH Medicaid spending, the Medicaid Global Cap
calculation has been updated to exclude the local share of Medicaid spending associated with OSA, which had previously been included under the Cap. Beginning in FY 2026, costs that were previously reported in the DOH budget will now be reported in
their respective agency budget. Because county contributions have been capped since 2015, the State is liable for all growth in <FONT STYLE="white-space:nowrap">non-Federal</FONT> Medicaid expenses. An estimated $2.3&nbsp;billion of local share
spending is related to OSA services and programs that are not managed by DOH. The reclassification of this spending is cost neutral to the overall Financial Plan and more appropriately aligns program activities and costs to agencies responsible for
managing such spending. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State continues to evaluate the health care delivery system and expects to develop future proposals to
provide recurring savings in future budgets to ensure long-term Medicaid spending levels are sustainable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Receipts </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Tax Receipts. </B>In addition to revisions to the tax receipts forecast based on FY 2025 results and the updated economic forecast, the
Enacted Budget includes the following tax law changes: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Inflation Tax Refund.</B> Funding is included for direct payments to approximately 8.2&nbsp;million New
York taxpayers statewide. Married joint filers with incomes up to $150,000 will receive $400 and filers with incomes between $150,000 and $300,000 will receive $300. Single filers who are not claimed as dependents of another filer with income up to
$75,000 will receive $200 and filers with incomes between $75,000 and $150,000 will receive $150. These payments reduce tax receipts and are not counted as spending. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Middle Class</B><B></B><B>&nbsp;Tax Cut.</B> PIT rates for the State&#146;s first five tax brackets will
each be reduced by 20 basis points, <FONT STYLE="white-space:nowrap">phased-in</FONT> over two years beginning tax year 2026. Once fully phased-&nbsp;in, the tax cut is estimated to provide roughly $1&nbsp;billion in annual relief to
8.3&nbsp;million filers (77&nbsp;percent of all filers). For example, joint tax filers with income below $323,200 will experience up to a 5&nbsp;percent reduction in tax rates. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Enhanced Empire State Child Credit.</B> The Empire State child tax credit is enhanced, temporarily
increasing the maximum credit for qualifying children for three years and permanently eliminating the restrictive earned income requirement. The maximum credit increases from $330 to $1,000 for children under age 4 in tax years 2025 through 2027 and
to $500 for children ages 4 through 16 in tax years 2026 and 2027. </P></TD></TR></TABLE><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">6</SUP> Centers for Medicare&nbsp;&amp; Medicaid Services (CMS) data (Federal Fiscal Year 2023). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-27 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>High-Income PIT Rate Extension. </B>The tax rates for high-income tax filers, such as joint filers making
over $2,155,350 annually, that currently expire at the end of tax year 2027 are extended for five years through tax year 2032. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Film Tax Credit.</B> The film tax credit program is extended an additional two years through 2036 and
amended to remove the tiered payout structure for new applicants, provide a $100&nbsp;million incentive for independent studio productions, and establish a &#147;production plus program&#148; to provide an enhanced benefit to eligible filers with
two or more initial applications. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Other Tax Actions.</B> Other actions include increases to the Article 9A estimated payment threshold from
$1,000 to $5,000, and extensions of various tax credits, including credits for alternate fuels and electric vehicle recharging property, clean heating fuel, musical and theatrical production, <FONT STYLE="white-space:nowrap">low-income</FONT>
housing, farm workforce retention, and hiring veterans and workers with disabilities. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition, the
Governor signed legislation to impose sales tax on short-term rentals statewide, requiring all short-term rental market place providers to collect and remit sales taxes on all rentals facilitated by their platforms, and to expand the tax definition
of crops, livestock, and livestock products to include cannabis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><FONT STYLE="white-space:nowrap">Non-Tax</FONT> Receipts</B>.
Receipts available in the General Fund are increased due to changes in debt service costs inclusive of the FY 2025 prepayment of debt service costs that were due in FY 2026, refundings, ongoing debt management, and lower bonded capital spending
estimates. These revisions are offset in the later years by the costs of bond financing for new capital commitments added in the Enacted Budget. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Other <FONT STYLE="white-space:nowrap">non-tax</FONT> receipts and transfers from other funds reflect available resources in other funds,
including patient income and unprogrammed fund balances, to support spending in the General Fund, which are partly offset by lower investment income projections due to the planned reduction in fund balances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Disbursements </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Assistance and
Grants.</B> General Fund spending for assistance and grants is projected to total $84.0&nbsp;billion in FY 2026, an increase of $9.2&nbsp;billion (12.3 percent). This spending is impacted by the level of resources available outside of the General
Fund to support spending, particularly in education and health programs. Compared to the last baseline estimate, assistance and grants spending is increased in the aggregate over the multi-year Financial Plan mainly due to continued new investments,
initiatives, and increased funding, which is partly offset by lower estimates of spending across nearly all functional areas based on programmatic experience. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>School Aid.</B> Financial Plan projections for SY 2026 and beyond have been updated to reflect updated
data, as well as estimated growth in Foundation Aid and expense-based aids based on DOB&#146;s revised inflation forecast that result in higher projected outyear spending. Higher spending also reflects costs associated with changes to the Foundation
Aid formula beginning in SY 2026, enhancements to Special Services Aid and BOCES Aid, additional aid to school districts with large portions of their enrollment attending charter schools, and the creation of a new College in High School Opportunity
Fund. These increases are partly offset by upward revisions to estimated resources available to finance School Aid spending in the State&#146;s Lottery, Mobile Sports Wagering and Commercial Gaming Funds which lower the need for General Fund
spending for School Aid. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Medicaid.</B> In FY 2026, General Fund Medicaid spending is increased to reflect an additional
$500&nbsp;million in funding to distressed hospitals and restorations of certain proposed savings actions, which are partly offset by timing and revisions of Federal credits and offsets through the Mental Hygiene Stabilization Fund. Most of these
increases are funded outside of the Medicaid Global Cap through the HSF. In FY 2027 and beyond, spending is lowered in the General Fund due to increased HCRA receipts and savings actions, which include adjustments to the Indigent Care Pools for
public general hospitals in the City of New York, funding shifts for quality pool payments, and reforms to the administration of the Nursing Home Transition Diversion (NHTD) waiver and Applied Behavioral Analysis. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-28 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>MCO Assessment Offset.</B> A portion of the resources generated from the assessment on MCOs is expected to
offset costs in both FY 2026 and FY 2027. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Mental Hygiene.</B> A 2.6&nbsp;percent targeted inflationary increase to Office for People With
Developmental Disabilities (OPWDD), Office of Mental Health (OMH), and Office of Addiction Services and Supports (OASAS) voluntary operated providers increases spending by $241&nbsp;million annually. Other investments include: funding to assist
counties with oversight and placement of high-risk individuals; the expansion and establishment of new OMH clubhouses to promote recovery and community reintegration; resources for vocational services and job placement; and various other
nonrecurring grants. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Public Health/Aging.</B> Additional funding is provided for abortion medication services; programs for the
aging population; hunger prevention and nutrition; Nourish NY; maternal health; a swimming lessons voucher program; and <FONT STYLE="white-space:nowrap">one-time</FONT> adds for various programs and services. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Social Services/Housing.</B> Additional <FONT STYLE="white-space:nowrap">one-time</FONT> funding is
included for child care subsidies, ensuring stable housing for vulnerable populations, launching Get Offline Get Outside 2.0, providing additional support to families when babies are born, digitizing youth working papers, expanding worker protection
resources, and supporting investigations to combat discrimination. Funding is also included for a four-year pilot program for State-funded vouchers for homeless families or families at imminent risk of losing their housing, eviction legal
counseling, and <FONT STYLE="white-space:nowrap">one-time</FONT> adds for various programs and services. These increases are partly offset using available Mortgage Insurance Fund resources to fund housing and homelessness programs in FY 2026 and the
use of available Temporary Assistance for Needy Families (TANF) funding to support increasing child care costs to maintain continuity in the level and eligibility of child care subsidies in FY 2027. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Higher Education.</B> Increased funding will support free community college for high-demand fields,
artificial intelligence investments, student support programs, expanded eligibility for the part-time Tuition Assistance Program (TAP) and the expansion of Veteran&#146;s Tuition Awards (VTA) program to include
<FONT STYLE="white-space:nowrap">non-combat</FONT> veterans. In addition, a <FONT STYLE="white-space:nowrap">one-time</FONT> increase is provided for CUNY operating assistance. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Public Safety.</B> In FY 2026, increased funding will support increased police presence in the subway in
the City of New York, rape crisis and intimate partner violence programs and various other programs. Increased funding is also provided for discovery and <FONT STYLE="white-space:nowrap">pre-trial</FONT> services. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Education/Arts.</B> Increased spending will support the cost of providing free breakfast and lunch meals to
all students regardless of family income, as all school districts, charter schools, and nonpublic schools that participate in the national school lunch and breakfast program will be required to provide free meals. Additional funding is also included
for competitive grants to support the arts in FY 2026; the implementation of distraction free schools; the reimbursement of nonpublic schools for State-mandated activities and the salaries of eligible teachers providing instruction in science,
technology, engineering, and math (STEM) subjects; and various other nonrecurring grants. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>All Other Assistance and Grants.</B> Additional spending is mainly due to delays in local government claims
for asylum seeker assistance that did not occur in FY 2025, as well as funding to support the Judiciary&#146;s Civil Legal Services and Attorney for Child programs; agricultural programs including local food supply, fiber production, and dairy and
maple industries; Office for New Americans and Liberty Defense programs; upstate transit; and the Underserved Communities and Civic Engagement Program, which supports community-based programming, crisis intervention initiatives, housing assistance,
economic development, workforce training, educational initiatives, and health care services in underserved communities. These increases are partly offset by multi-year downward revisions to spending based on the FY 2025 results, as well as updated
information and data. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Agency Operations.</B> Spending for operations, including wages and fringe benefits, is
increased over the multi-year plan to accommodate growth in the State workforce, general salary increases included in the final year of current labor settlements, and expansion of services and new initiatives. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-29 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Executive Operations.</B> Spending is increased significantly in FY 2026 due to the response to the CO
strike, including the deployment of the National Guard to staff correctional facilities, enhanced overtime rates, and expanded recruitment efforts. Other spending increases reflect added costs across several agencies to support staffing increases;
investments in cybersecurity and information technology; and expanded access to inpatient psychiatric and mental health services. In addition, funding is included to strengthen enforcement against criminal activity at the northern border; enhance
security measures in correctional facilities; support the MAT Program, which provides treatment for incarcerated individuals in state prisons with substance use disorders; and increase the number of National Guard members assigned to the Joint Task
Force Empire Shield Mission, which provides support to deter and prevent terrorist activity in the City of New York area, including transit and commuter hubs. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Legislature/Judiciary.</B> The Legislature and Judiciary independently submit appropriation bills that are
not subject to modification. The Financial Plan includes spending estimates equal to the appropriations of each branch. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Judiciary operating spending, including fringe benefits, is increased by $302&nbsp;million to support general salary increases
and other <FONT STYLE="white-space:nowrap">non-judicial</FONT> staffing initiatives, including new court clerks and attorneys, costs associated with four court officer academy classes, increased staffing levels to address case backlogs and provide
operational support to various courts, and new judgeships &#151; ten for the City of New York Civil Court Judges; five for the Court of Claims; and ten for the City of New York Family Court Support Magistrates. Other increases support <FONT
STYLE="white-space:nowrap">non-judicial</FONT> staff to assist the new judges; civil legal services increases; various technology initiatives; a cost of living adjustment for contractual providers of the Attorney for Child program; expansion of
various programs including Alternative Dispute Resolution and Alternatives to Incarceration; and health insurance and pension cost increases. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Operating spending for the Legislature is increased by nearly $10&nbsp;million annually to fund general salary increases for
legislative staff and operational costs. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Other Elected Officials.</B> Attorney General (AG) operational spending is increased by nearly
$17&nbsp;million annually to support new general salary increases for operational/legal staff and inflationary growth in operational expenses. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">OSC spending is increased by approximately $10&nbsp;million annually to fund new operational staff, general salary increases
and maintenance and repair costs at the Albany office location. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Fringe Benefit/Fixed Costs. </B>State Pension costs are increased to support pension enhancements for
certain uniformed groups; these include an improved retirement plan for members of the Police Benevolent Association of New York State (PBANYS) and a twenty-&nbsp;five-year half pay retirement plan for the Division of Military and Naval Affairs
(DMNA) firefighters. Other increases reflect the higher rates approved for the MCTMT for State employees working within the Metropolitan Commuter Transportation District and other revisions to fringe benefit forecasts. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Transfers to Other Funds.</B> General Fund transfers to other funds support capital projects, debt service costs. SUNY, and a variety of
other programs. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Capital Projects.</B> General Fund support for capital projects is increased to fund new capital
initiatives including: the safety net transformation program, technology infrastructure, Hudson Valley rail improvement, highway redesign studies, and replacement of vehicles utilized to provide transportation services to individuals receiving OPWDD
services. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>SUNY Operating Assistance.</B> Increased General Fund transfers support additional <FONT
STYLE="white-space:nowrap">one-time</FONT> funding in Academic Year (AY) 2026, as well as recurring funding for artificial intelligence investments and other programs. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-30 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>All Other Transfers to Other Funds.</B> Other transfers are increased consistent with the authorization to
transfer up to $7.2&nbsp;billion to the Unemployment Insurance Enterprise Fund to repay the outstanding Federal Unemployment Account loan and restore the solvency of New York&#146;s unemployment program, provide
<FONT STYLE="white-space:nowrap">one-time</FONT> operating assistance for SUNY Downstate Hospital, and make other revisions to various transfers based on updated projections. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Use of/(Deposit to) Reserves.</B> Changes to reserves include planned uses to support <FONT STYLE="white-space:nowrap">one-time</FONT>
costs related to the CO strike and staffing shortage, repayment of Federal unemployment insurance loan, PTET/PIT credits, and the use of prior year fund balances carried forward to offset delayed payments, operational costs, and capital projects
spending. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General Fund Financial Plan Overview </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State&#146;s General Fund receives most State taxes and other income not earmarked for a specified program or activity and is required by
law to be balanced. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">General Fund receipts are affected by the deposit of dedicated taxes in other funds for debt service and other
purposes, the transfer of balances between funds of the State, and other factors. Three significant factors affect reported General Fund tax receipts, as described below. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Changes in debt service on State-supported revenue bonds affect General Fund tax receipts. The State utilizes
bonding programs where tax receipts are deposited into dedicated Debt Service Funds (outside the General Fund) and used to make debt service payments. After satisfying debt service requirements for these bonding programs, the balance is transferred
to the General Fund. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The STAR program is funded from PIT receipts, with changes in the State-supported cost of the program
affecting reported PIT receipts. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The PTET program affects reported tax collections within each fiscal year, but does not impact General Fund
balance or operations, because it is expected to be Financial Plan neutral over multiple years. The discussion and tables summarizing annual changes below generally exclude the impact of the PTET or show it distinctly. The operation of the PTET
program is described in more detail under the heading &#147;PTET Financial Plan Impact&#148; at the end of this section. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">General Fund disbursements represent more than <FONT STYLE="white-space:nowrap">two-thirds</FONT> of total State Operating Funds spending and
are affected by the level of financing sources available in other funds, transfers of balances between funds of the State, and other factors that may change annually. For example, education and health care programs are affected by the level of
financing sources (i.e., HCRA and lottery/gaming receipts) available in other funds. Projected spending also reflects DOB&#146;s cautious estimates of disbursements, a practice that provides a cushion for potential receipts shortfalls and
unanticipated costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FY 2026 Enacted Budget General Fund Financial Plan </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Receipts </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Excluding the impact of debt
prepayments and PTET, total General Fund tax receipts, including transfers after the payment of debt service, are estimated to total $103.9&nbsp;billion in FY 2026, an increase of $4.3&nbsp;billion (4.3 percent) from FY 2025. The following
discussion of annual changes in tax receipts exclude the impact of PTET and debt prepayments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">PIT receipts are estimated to total
$72.6&nbsp;billion in FY 2026, an increase of $3.7&nbsp;billion from the prior year. The increase reflects expected growth in all gross receipt components partially offset by an increase in total refunds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Consumption/use tax receipts are estimated to total $18.7&nbsp;billion in FY 2026, an increase of $389&nbsp;million (2.1 percent) from FY
2025. This increase reflects the estimated growth of taxable consumption in the sales tax base. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-31 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Business tax receipts are estimated to remain virtually unchanged, primarily reflecting a
projected increase in Corporate Franchise Tax (CFT) refunds and a projected decrease in bank audits, offset by increases in CFT gross receipts, audits, and gross insurance receipts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Other tax receipts are estimated to total $2.5&nbsp;billion in FY 2026, an increase of $163&nbsp;million from FY 2025. This is primarily due
to estimated increases in both estate tax and real estate transfer tax receipts. These increases reflect an expected decrease in estate tax refunds, as well as estimated growth in household net worth, housing starts, and the average housing price,
partially offset by estimated declines in the S&amp;P 500 and finance and insurance sector bonuses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The reduction in <FONT
STYLE="white-space:nowrap">non-tax</FONT> receipts reflects the final planned use of State and Local Fiscal Recovery Fund (SLFRF) resources in FY 2025 consistent with Federal treasury rules and the continued practice of budgeting for a
$2&nbsp;billion transaction risk reserve that partially offsets total projected transfers from other funds and provides a hedge against risks to receipts that may materialize later in the fiscal year. Other <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">year-to-year</FONT></FONT> reductions include lower FY 2026 estimates for abandoned property receipts and investment income commensurate with projected fund balance declines. These decreases are partly offset by available
resources in other funds, including interest earned on monies awarded under the SLFRF program which will be transferred to the General Fund over several years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Disbursements </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">General Fund
disbursements, including transfers to other funds, are expected to grow by $16.8&nbsp;billion (15.5 percent), totaling $125.5&nbsp;billion in FY 2026, mostly driven by increased funding for Foundation Aid, Medicaid and extraordinary transfers to the
Federal Unemployment Account; excluding these transfers, General Fund spending grows by 8.9&nbsp;percent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Assistance and grants spending
supported by the General Fund is estimated to total $84&nbsp;billion in FY 2026, an increase of $9.2&nbsp;billion (12.3 percent) from FY 2025. General Fund spending for education, health care, and continued time-limited support to the City of New
York for asylum seeker assistance represents nearly all the assistance and grants spending growth. General Fund support for these programs is also affected by the level of financing sources (i.e., HCRA and lottery/gaming receipts) available in other
funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">General Fund support for School Aid is estimated to increase by $1.4&nbsp;billion (4.8 percent) on a State fiscal year basis. This
growth reflects enacted reforms to the Foundation Aid formula, including updates to the formula&#146;s two measures of the percentage of <FONT STYLE="white-space:nowrap">low-income-students</FONT> in a district, an increase in aid for English
Language Learners, additional aid to <FONT STYLE="white-space:nowrap">low-wealth</FONT> school districts, modifications to the Regional Cost index and a minimum 2&nbsp;percent annual increase in aid to districts. In addition, the annual increase in
School Aid spending reflects enhancements to Special Services Aid and BOCES Aid and provides additional aid to school districts with large portions of their enrollment attending charter schools. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Medicaid spending is projected to grow by $1.5&nbsp;billion, primarily due to the additional Global Cap spending allowance that supports
enrollment and escalating MLTC growth offset by $500&nbsp;million in expected MCO assessment resources to support existing Global cap investments. Beginning in FY 2026, costs reported under the DOH Medicaid budget exclude OSA local Medicaid expenses
which were included under the Global Cap. These costs, previously reported in the DOH budget, will now be reported in the respective agencies, including OPWDD and OMH. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Other assistance and grants growth is primarily the result of continued State support of an expanded level and eligibility of child care
subsidies, hunger prevention and nutrition assistance, programs for older adults, City of New York subway safety initiatives, funding to offset county costs related to the assigned counsel rate for attorneys providing services to <FONT
STYLE="white-space:nowrap">low-income</FONT> individuals, CUNY operational support, asylum seeker assistance, and new initiatives to provide universal free school meals and free community college for high-demand fields. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Agency operations and fringe benefits growth is impacted by the Federal Emergency Management Agency (FEMA) reimbursements for prior year <FONT
STYLE="white-space:nowrap">COVID-19</FONT> pandemic related eligible spending. Excluding these reimbursements, the largest drivers of growth include rising health insurance costs for State employees, Judicial staffing and operational increases,
general salary increases consistent with existing collective bargaining agreements, investments in cybersecurity and information technology, and continued staffing increases across various agencies. In addition,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-32 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
spending has been increased for the MAT Program which provides treatment for incarcerated individuals in State correctional facilities with substance use disorder, enhanced security measures for
correctional facilities, and an increase in the National Guard members assigned to the Joint </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Task Force Empire Shield Mission, which
provides support to deter and prevent terrorist activity in the City of New York area, including transit and commuter hubs. In response to the CO strike, spending has been increased to support the deployment of the National Guard members to staff
prisons, enhanced overtime rates, and expanded recruitment efforts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Judiciary spending plan includes a substantial increase in FY
2026 to support general salary increases and other <FONT STYLE="white-space:nowrap">non-judicial</FONT> staffing initiatives, including new court clerks and attorneys, costs associated with four court officer academy classes, and increased staffing
levels to address case backlogs. The Judiciary&#146;s budget also includes funding for: ten City of New York Family Court Support Magistrates, ten City of New York Civil Court judges, and five Court of Claims judges; increases for various technology
initiatives; cost of living adjustment for contractual providers of the Attorney for Child program; expansion of various programs including Alternative Dispute Resolution and Alternatives to Incarceration; and providing for health insurance and
pension cost increases. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The increase in General Fund transfers is attributable to $7.2&nbsp;billion of extraordinary <FONT
STYLE="white-space:nowrap">one-time</FONT> transfers to the Federal Unemployment Account planned in FY 2026, which is partly offset by a decline in transfers to support capital projects due to the timing of bond proceed reimbursements and <FONT
STYLE="white-space:nowrap">one-time</FONT> funding for HSF in FY 2025. Other transfer changes include additional State general operating aid for SUNY four-year campuses and Downstate Hospital, funding to support targeted engineering pay increases
and revised projections across various programs and funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General Fund Closing Balance </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The General Fund closing balance is comprised of Principal Reserves to protect essential services in the event of a significant economic
downturn and other reserves that are programmed for the timing of payments and to reduce outyear gaps, manage risks, and support future costs that include tax refunds and liabilities, capital projects, and operational needs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">DOB expects the General Fund to end FY 2026 with a balance of $44.9&nbsp;billion, nearly $12&nbsp;billion below the FY 2025 closing balance.
The decrease is comprised of the expected use of resources to support extraordinary transfers to the Federal Unemployment Account, <FONT STYLE="white-space:nowrap">one-time</FONT> costs related to the CO strike and staffing shortage, PTET related
credits and offsets, debt management, existing capital commitments and projects, and the timing of payments delayed from prior years. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cash Flow
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">DOB expects that the General Fund will maintain sufficient liquidity in FY 2026 to make all planned payments as they become due. The
State continues to reserve money on a quarterly basis for debt service payments financed with General Fund resources. Money to pay debt service on bonds secured by dedicated receipts, including PIT bonds and Sales Tax Revenue bonds, continues to be
set aside as required by law and bond covenants. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Enacted Budget continues to authorize short-term financing for liquidity purposes
during the fiscal year, and, in doing so, retains a cashflow management tool to manage unanticipated financial disruptions. Specifically, the authorization allows for the issuance of up to $3&nbsp;billion of PIT revenue anticipation notes which
mature no later than March&nbsp;31, 2026. Borrowed amounts cannot be extended or refinanced beyond the initial maturity. The Financial Plan does not assume the use of short-term financing for liquidity purposes. DOB evaluates operating results and
liquidity levels regularly and may adjust the use of notes based on liquidity needs, market considerations, and other factors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PTET Financial Plan
Impact </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have determined that State and local
income taxes imposed on and paid by a partnership or an S corporation on its income, such as the PTET, are allowable as a Federal deduction to taxable income. As part of the State&#146;s response to Federal tax law changes,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-33 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
legislation was enacted in FY 2022 to allow an optional PTET on the New York-sourced income of partnerships and S corporations. Qualifying entities that elect to pay PTET pay a tax of up to
10.9&nbsp;percent on their taxable income at the partnership or corporation level, and their individual partners, members and shareholders receive a refundable PIT credit equal to the proportionate or pro rata share of taxes paid by the electing
entity. Additionally, the program includes a resident tax credit that allows for reciprocity with other states that have implemented similar taxes, which currently include Connecticut and New Jersey. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan includes an estimate for PTET within business taxes and the corresponding decrease in PIT receipts and is expected to be
cost neutral to the State on a multi-year basis. However, because the PTET credits are not necessarily realized by taxpayers within the same fiscal year that PTET revenue is received by the State, the PTET will not be revenue-neutral to the State
within each fiscal year. At the onset of the PTET program, the State expected the utilization would cease after tax year 2025, consistent with the expected expiration of other Federal tax law changes, including the SALT deduction cap. DOB now
assumes the PTET program will continue to be utilized, consistent with current State law. However, PTET utilization assumptions may be reevaluated pending the outcome of the extension and/or modification to the SALT deduction cap and potential
PTET-related changes currently being negotiated in the U.S. Congress. DOB is closely monitoring the evolving Federal law and regulation changes under consideration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The discussion of tax receipts throughout the Financial Plan excludes the impact of PTET, unless otherwise noted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The reserve balance established at the inception of the program has and is expected to continue to cover the difference between PTET
collections and related PIT credits in each succeeding fiscal year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>State Operating Funds Spending Summary </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">State Operating Funds encompass the General Fund, and a wide range of State activities funded from dedicated revenue sources that are received
outside the General Fund, including tax revenues, tuition, income, fees, and assessments. Many programs, services and activities funded with these dedicated revenue sources often have no direct bearing on the State&#146;s ability to maintain a
balanced budget in the General Fund but are captured in State Operating Funds. However, certain dedicated revenue sources support spending that impacts General Fund spending as revenues fluctuate. For example, education and health care programs are
affected by the level of financing sources (i.e., HCRA and lottery/gaming receipts) available in other funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Assistance and Grants </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Most State spending is for assistance and grants that include payments to school districts, health care providers, MCOs, local governments,
and other entities, as well as financial assistance to, or on behalf of, individuals, families, and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">not-for-profit</FONT></FONT> organizations. School Aid and Medicaid account for
nearly 70&nbsp;percent of assistance and grants spending and roughly half of total State Operating Funds spending. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Over the past three
years, assistance and grants funding has increased substantially with increased funding for education, health care, and nearly all other major program areas. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Enacted Budget provides $37.6&nbsp;billion in total School Aid for SY 2026, representing an annual increase of $1.7&nbsp;billion (4.9
percent). This includes a $1.4&nbsp;billion (5.7 percent) increase in Foundation Aid. The FY 2026 Enacted Budget reforms the Foundation Aid formula by updating the formula&#146;s two measures of the percentage of
<FONT STYLE="white-space:nowrap">low-income</FONT> students in a school district, increasing aid for English language learners, providing additional aid to <FONT STYLE="white-space:nowrap">low-wealth</FONT> school districts, modifying the Regional
Cost Index, and ensuring that each district receives at least a 2&nbsp;percent annual increase in aid. The Enacted Budget also provides enhancements to Special Services Aid and BOCES Aid to better support career and technical education. The Budget
further provides additional aid to school districts with large portions of their enrollment attending charter schools. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">DOH Medicaid
assistance and grants spending is estimated at $35.4&nbsp;billion in FY 2026, an annual increase of $4.2&nbsp;billion (13.5 percent). The growth is due to medical cost increases; enrollment remaining at elevated levels; expansion of benefits;
increases to reimbursement rates; and continued growth in aging and high utilization populations. Other </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-34 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
factors that continue to place upward pressure on State-share Medicaid costs include, but are not limited to, provider reimbursements to cover home health wage increases; the <FONT
STYLE="white-space:nowrap">phase-out</FONT> of enhanced Federal funding; increased costs and enrollment growth in MLTC; and the needs of financially distressed hospitals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The HSF will receive and distribute the new MCO assessment and is estimated to provide resources totaling $3.7&nbsp;billion over two years.
The FY 2026 Enacted Budget reflects the use of the funds over three years to support $1&nbsp;billion in existing Global Cap commitments and the remaining $2.7&nbsp;billion for new health care delivery investments. These investments and funding are
dependent on successful execution of the assessment, which is subject to continued Federal support. Absent assurance of continued Federal approval, the Financial Plan does not include any funding for these investments in the later years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Higher spending is attributable to increased MLTC enrollment and price growth as well as increased home and personal care utilization and
costs, expanded access to health coverage, and higher provider reimbursements. The remaining growth is attributable to other costs reported outside of the Global Cap to support home care and minimum wage for health care providers ($4.2 billion) and
financial relief to counties and the City of New York associated with the State&#146;s full coverage of the local share of spending growth ($2.2 billion). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Mental Hygiene spending growth supports targeted investments in services to ensure individuals with developmental disabilities, mental
illness, substance use disorders, and problem gambling have appropriate access to care. FY 2026 spending levels include the continued commitment to expand mental health access and care, a 2.6&nbsp;percent targeted inflationary increase for eligible
programs, and expanding access to opioid treatment medications in underserved areas. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Social Services spending increases reflect continued
investments and expansion of child care, inclusive of reduced amounts of Federal pandemic aid to support costs and child care subsidies, additional resources for the Empire State Supportive Housing Initiative (ESSHI) and Safety Net Assistance
program, in addition to new investments in youth programs, a 2.6&nbsp;percent targeted inflationary increase for eligible programs and continued funding for services and assistance to the City of New York for asylum seekers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Transportation growth is commensurate with increases in dedicated transit revenue available to fund mass transit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Higher education spending is projected to grow due primarily to increases in operating aid for CUNY senior colleges and Enacted Budget
legislation which provides for the remaining cost of tuition, fees, and books for students aged 25 to 55 who pursue studies in high-demand career fields at SUNY and CUNY community colleges. In addition, higher spending reflects the expansion of
tuition assistance to <FONT STYLE="white-space:nowrap">non-combat</FONT> veterans and the expansion of part-time TAP eligibility to students taking a minimum of three credits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Increased spending for All Other Education Programs in FY 2026 is largely driven by the adoption of universal free school meals, under which
the State will pay the student&#146;s share of costs for all meals served to students not already receiving free meals; increased funding for nonpublic schools; and increased reimbursement to school districts related to charter schools. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">All other assistance and grants spending includes a reconciliation between school year and State fiscal year spending for School Aid;
reconciliation for the net impact of the Mental Hygiene Stabilization Fund related to the Medicaid Global Cap; and various other programs and functions including additional funding for abortion medication services, programs for the aging, the
expansion of the Women, Infants, and Children program, additional funding to support increases to Civil Legal Services and Attorney for Child programs; investment in targeted training pathways and apprenticeships for high-demand fields; funding for
the Underserved Communities and Civic Engagement Program, support for a four-year pilot program for state-funded vouchers for homeless families or families at imminent risk of losing their housing, and an offset to county costs paid to lawyers
assigned to represent <FONT STYLE="white-space:nowrap">low-income</FONT> individuals. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-35 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>State Operations/General State Charges (GSCs) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Operating costs for State agencies include salaries, wages, fringe benefits, and <FONT STYLE="white-space:nowrap">Non-Personal</FONT> Service
(NPS) costs (e.g., supplies, utilities) and comprise about a quarter of State Operating Funds spending. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Growth in operational spending
for executive agencies is driven primarily by costs associated with stabilizing the correctional system, as well as general salary increases consistent with existing collective bargaining agreements, investments in cybersecurity and Information
Technology (IT), and staffing increases across various agencies. In addition, Federal reimbursement for prior year State costs incurred for <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic response and recovery efforts is projected to
decline year over year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">SUNY operational spending growth reflects expenses for SUNY State-operated campuses and hospitals, inclusive of
additional State operating aid for those four-year campuses and for SUNY Downstate Hospital. SUNY operating costs are funded by a combination of tuition and fee revenue and General Fund transfers provided annually for direct State operating support
and student financial aid support ($2.1&nbsp;billion in FY 2026). In addition, the State pays the fringe benefit costs of employees at SUNY State-operated campuses, projected to be roughly $2.0&nbsp;billion in FY 2026, which is excluded from
operational spending growth. The State also continues to pay a share of the debt service costs on bond-financed capital projects at SUNY, totaling approximately $636&nbsp;million in FY 2026. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Judiciary increases in FY 2026 include funding to support <FONT STYLE="white-space:nowrap">non-judicial</FONT> staffing initiatives
including new court clerks and attorneys, costs associated with four court officer academy classes and increased staffing levels to address case backlogs and provide operational support to various courts. The FY 2026 Enacted Budget also includes
funding to support new judgeships, including: ten additional City of New York Civil Court Judges and five additional Court of Claims judges; ten additional City of New York Family Court Support Magistrates, including
<FONT STYLE="white-space:nowrap">non-judicial</FONT> staff supporting these new judges; civil legal services increases; additional funding for various technology initiatives; and expansion of various programs including Alternative Dispute Resolution
and Alternatives to Incarceration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The operating costs for the offices of independently elected officials (Attorney General, Comptroller,
and Legislature) are projected to grow by 12.8&nbsp;percent. This growth is driven by payments for salary increases pursuant to existing contracts, increased staffing, and general salary increases for legislative staff. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The increase in GSCs is primarily a result of an increase in pension obligations as prior year market losses and benefit improvements continue
to increase employer contribution rates. The FY 2026 Enacted Budget includes improvements in the retirement benefits for Division of Military and Naval Affairs (DMNA) airport firefighter titles and members of the PBANYS. Health insurance cost
increases can be attributed to medical inflation which include the rising costs of prescription drugs. Increases in other fringe benefits and fixed costs can be attributed to higher employer payroll taxes due to the continued growth in the State
workforce and current spending trends. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Debt Service </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State pays annual debt service on all outstanding State-supported debt issuances, which is affected by the prepayment of future debt
service costs in prior fiscal years. Adjusting for prepayments, State-related debt service is projected at $6.7&nbsp;billion in FY 2026, an increase of 8.2&nbsp;percent from FY 2025. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OTHER MATTERS AFFECTING THE FINANCIAL PLAN </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Federal
Government Funding Risks </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The amount and composition of Federal funding received by the State fluctuates over time, as legislative and
regulatory actions at the Federal level often change. Specific Federal government authority and rules that pose an ongoing risk to the Financial Plan include audits, disallowances, changes to Federal participation rates or other Medicaid rules,
discretionary spending reductions, and the expected need for Congress to increase or suspend the debt limit to avoid delaying payments and/or defaulting on debt obligations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-36 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Debt Limit.</B> Absent an increase or suspension of the debt limit, a Federal government
delay or default on payments, particularly for a prolonged period, could have a materially adverse effect on national and state economies, financial markets, and intergovernmental aid payments. Specific effects on the Financial Plan resulting from a
potential Federal government delay in payments or default are unknown and impossible to predict. However, data from past economic downturns suggests that the State&#146;s revenue loss could be substantial if a Federal delay in payments or default
triggered an economic downturn. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Federal Aid Reductions.</B> The Federal government participates in funding a significant portion of
programs that provide health care and human services to New Yorkers. Any significant reduction in Federal aid or participation levels could have a materially adverse impact on the Financial Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Health Care</U>. Changes in Federal funding levels or eligibility criteria for public health care programs, including Medicaid, EP, and
CHP, could result in a reduction in public health coverage and could negatively impact the Financial Plan. A majority of the State&#146;s Medicaid program is operated under a Federal demonstration waiver, which is subject to review by CMS every five
years and is currently extended through March&nbsp;31, 2027. This authorization includes funding for Medicaid Managed Care Programs, Managed Long Term Care programs, and Children&#146;s Home and Community-Based Services (HCBS). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Federal Medicaid funding also supports a variety of services, including CDPAP, that permit enrollees to manage and self-direct providers of
personal care services. In addition, the State operates the EP under a Federal waiver, which receives Federal subsidies authorized through the ACA. EP enrollment currently provides coverage for lawfully present immigrants not eligible for </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Federal financial participation in Medicaid due to their immigration status. Congress is currently considering legislation that would
disqualify this population from receiving Federal EP benefits. Those individuals who may qualify to move to the Medicaid program could cost the State approximately $3&nbsp;billion annually. Similarly, Congress is considering legislation that would
penalize states that elect to provide State-funded health care coverage to <FONT STYLE="white-space:nowrap">non-citizens</FONT> enrolled in the Medicaid, EP and CHP programs through reduced Federal participation for certain Medicaid populations.
This penalty, if enacted, could cost the State up to $1&nbsp;billion annually in the later years of the Financial Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State is also
utilizing a CMS approved three-year, $5.8&nbsp;billion demonstration waiver through March&nbsp;31, 2027, to respond to the State&#146;s request to address health disparities exacerbated by the <FONT STYLE="white-space:nowrap">COVID-19</FONT>
pandemic. This funding helps support social, physical, and behavioral health care services throughout the State and requires a total of $1.7&nbsp;billion in additional State resources, which have been assumed in the Financial Plan over the same
period. Given the time limit on the Federal funding, these services are expected to be discontinued at the end of the term absent an extension by the Federal government. Accordingly, there is no State or Federal funding included in the Financial
Plan projections beyond the term period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Human Services</U>. Federal funding supports human services programs that serve the most
vulnerable populations, including through SNAP and the Home Energy Assistance Program (HEAP). Congress is currently considering legislation that would shift SNAP program costs to the states effective October&nbsp;1, 2027. The Federal legislation
under consideration would shift an amount in the range of 5&nbsp;percent to 25&nbsp;percent of program and administrative expenses to the State. This shift could result in an annual cost of up to $2.1&nbsp;billion shifted to the State and local
districts to maintain these services. In addition, Federal funding through the Office of Refugee Resettlement contributes to the State&#146;s response to the migrant crisis, and reductions would threaten the health, well-being, and stability of
refugees. The Commission for the Blind uses Federal funds to support mobility training, academic instruction, case management, and vocational training, and a reduction in Federal funds would result in a reduction or elimination of services. The
Financial Plan does not include State funding to backfill any Federal reduction to these programs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Likewise, a reduction in Federal
funding from the Child Care Development Funds (CCDF) would reduce the size of the State&#146;s annual child care block grant allocations to local districts and result in waitlists for services. The Federal government has approved a State waiver to
effect a delay of certain provisions of new CCDF rules for two years through August&nbsp;1, 2026. However, the waiver could be revoked at the discretion of the Federal government. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-37 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Reductions in Federal funding through Title <FONT STYLE="white-space:nowrap">IV-E</FONT> and
<FONT STYLE="white-space:nowrap">IV-B</FONT> would threaten foster care placements, adoption subsidies, and kinship caregiver supports. Changes to Title XX funding would impact child welfare and domestic violence services. The Office of Children and
Family Services (OCFS) receives a variety of Federal grants for child preventive services programs, domestic violence services, adoption incentive programs, and the Chafee Independent Living program. Any reduction in funds would likely result in the
reduction or elimination of these programs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financial Plan Projections </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan projections and its assumptions are made at a particular point in time and subject to a myriad of risks, including, but not
limited to, economic, social, financial, political, public health, and environmental risks and uncertainties. The projections of receipts and disbursements in the Financial Plan are based on reasonable assumptions and data at the time they were
prepared. DOB is unable to provide any assurance that actual results will not differ materially and adversely from these projections. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Receipts.</B> State tax collections are economically sensitive and are affected by the condition of the State and national economies, as
well as State and Federal tax law changes, and related taxpayer behavior and migration. Uncertainties and risks that may affect the economic and receipts forecasts include, but are not limited to: national and international events; inflation;
consumer confidence; commodity prices; supply chain disruptions; major terrorist events; hostilities or war; climate change and extreme weather events; severe epidemic or pandemic events; cybersecurity events; Federal laws and regulations; financial
sector compensation; capital gains; and monetary policy affecting interest rates and the financial markets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The largest component of
State tax revenue comes from PIT<B>. </B>Beginning in tax year 2021, the State created three new top PIT rates for taxpayers earning over $2.1&nbsp;million annually creating a more progressive state income tax system. The top PIT rate is currently
10.9&nbsp;percent and includes less than 0.1&nbsp;percent of taxpayers. These rates were previously scheduled to expire at the end of tax year 2027, reverting to a single bracket with a rate of 8.82&nbsp;percent. The FY 2026 Enacted Budget includes
a five-year extension of these three PIT rates through tax year 2032. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Tax Cuts and Jobs Act of 2017 (TCJA)</U>. The TCJA made
extensive changes to the Federal individual income tax, corporate income taxes, and estate taxes, most of which were effective in tax year 2018. Many provisions of the TCJA are scheduled to expire at the end of 2025, including the $10,000 limit on
the deductibility of SALT payments. Congress is currently considering legislation to extend and modify many provisions of the TCJA. It should be noted that PTET and the Employer Compensation Expense Program (ECEP) are independent of the TCJA, not
scheduled to sunset, and taxpayer utilization of these programs may continue regardless of changes in Federal policies. However, the Federal government could elect to bar or curtail utilization of these programs in the future, which could impact
taxpayer migration and future State tax receipts. The multi-year tax revenue projections assume that eligible taxpayers will continue to utilize the PTET and participate in the ECEP beyond tax year 2025. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The projection of <FONT STYLE="white-space:nowrap">non-tax</FONT> receipts and other available resources assumes various transactions and
outcomes will occur as planned, including, but not limited to: receipt of Federal aid; certain payments from public authorities; revenue sharing payments under the Tribal-State Compacts; and the collection of fines, fees, and other receipts at
levels to support operations, offset General Fund costs and enable transfers of available fund balances to the General Fund. It should be noted that General Fund Medicaid and School Aid spending remains sensitive to the performance of dedicated
revenue collections, such as HCRA and gaming receipts, used to finance a portion of these program costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Disbursements.</B>
Projections and timing of disbursements are subject to many of the same risks listed above for receipts, as well as variations from assumptions, policy changes, and future labor agreements which may increase spending, including, but not limited to:
the level of wage and benefit increases for State employees; changes in the size of the State&#146;s workforce; factors affecting the State&#146;s required pension fund contributions; the receipt of Federal approvals necessary to implement the
Medicaid savings actions; continued Federal participation in cost sharing for health care and human services programs; unanticipated growth in public assistance programs, including the assumed level of utilization of newly expanded benefits; State
payments and assistance to health care facilities and providers beyond the typical rate reimbursement system; enrollment, utilization and availability of funding for certain public health programs; adherence to statutorily limited growth caps; and
the ability of the State and its public authorities to issue securities successfully in public credit markets. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-38 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Escalating health care costs and industry pressures present fiscal challenges for the State
that will need to be addressed to ensure long-term fiscal sustainability of these programs. A summary of these programs and pertinent issues are described in more detail below. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Public Health Insurance Programs</I>. Recent Medicaid spending growth is largely driven by the expanded
utilization of the State&#146;s MLTC program and other programs serving seniors and individuals enrolled in both Medicaid and Medicare. These programs currently comprise roughly 60&nbsp;percent of total Medicaid spending, which is expected to rise
to nearly 70&nbsp;percent by 2028 as the baby boomer population ages. By 2030, 23&nbsp;percent of the State&#146;s population is expected to be over age 65, up from 9&nbsp;percent in 2000. This is expected to place a substantial amount of pressure
on health care funding needs, and as such there can be no assurance that costs will not exceed projections in the later years of the Financial Plan absent savings actions and/or rate reductions. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Historically, the State has experienced growth in Medicaid enrollment and public assistance caseloads during economic
downturns due mainly to increases in unemployment. Most recently, the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic caused significant jumps in enrollment and participation in public health insurance programs such as Medicaid, EP, and
CHP. Despite recent eligibility redeterminations performed in 2024, the State continues to retain a greater proportion of <FONT STYLE="white-space:nowrap">COVID-19</FONT> era enrollees with approximately 9&nbsp;million public health insurance
enrollees driving higher Medicaid costs over the multi-year Financial Plan relative to pre-&nbsp;pandemic levels of enrollment. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>CHP</U>. The State&#146;s CHP program is a jointly funded public health program that provides health
insurance for children under the age of 19 in families with incomes too high to qualify for Medicaid. Since its inception in 1990, CHP has provided free or subsidized health insurance coverage to thousands of children in New York State, including
undocumented children at a 100&nbsp;percent State cost. Since March 2023, CHP has experienced substantial program growth due to the unwind of individuals from the Medicaid programs. CHP currently covers over 583,000 enrollees, an increase of over
212,000 from two years prior. Similarly, an unanticipated surge in the undocumented population continues to put pressures on the program. Prior to July 2021, growth in the undocumented population was stable and consistent, however, it escalated by
2,000 to 3,000 monthly enrollees between September 2023 and November 2024 before plateauing through the end of FY 2025, resulting in greater State-share impacts. Currently, the State is covering over 140,000 undocumented children, an increase of
roughly 75,000 enrollees from January 2020, representing 25&nbsp;percent of total CHP enrollees. Undocumented children account for SO percent of unfunded <FONT STYLE="white-space:nowrap">non-Federal</FONT> program costs and have consistently
accounted for more spending than the remaining CHP population, which is eligible to receive a 65&nbsp;percent Federal match. Further growth in this population will increase State costs above current projections. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Hospital Assistance</U>. The State provides a substantial amount of supplemental funding to private and <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">not-for-profit</FONT></FONT> hospitals beyond traditional Medicaid reimbursement rates, which include payments through various programs and grants, including the Vital Access Provider
Assurance Program (VAPAP), Vital Access Provider (VAP) Program, Graduate Medical Education Incentive Program, and various other programs. Currently, 75 of 261 New York hospitals (29 percent) are deemed financially distressed &#150; a
200&nbsp;percent increase from FY 2017 through FY 2025 that has driven a concomitant 504&nbsp;percent increase in Federal/State fiscal assistance to these entities. Many hospitals responsible for supporting medical needs in underserved communities
across the State, including those with higher rates of uninsured individuals and government payor mix, were further stressed financially due to the pandemic. Despite hospitals in the State receiving roughly $11&nbsp;billion in COVID- 19 pandemic
related assistance from the Federal government, many continue to rely on and expect ongoing supplemental State assistance. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Extraordinary Federal pandemic assistance was provided directly to hospitals and expired in 2022. Since then, the State has
provided substantial targeted funding to certain facilities above the longstanding baseline annual hospital assistance of $984&nbsp;million provided in aggregate to all hospitals statewide. Since FY 2023, the State has provided $1.8&nbsp;billion in
supplemental State support to hospitals: $800&nbsp;million in FY 2023, of which $100&nbsp;million was added to the recurring base support; and $500&nbsp;million in both FY 2024 and FY 2025. The FY 2026 Enacted Budget provides another
$500&nbsp;million in new support and over $800&nbsp;million in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-39 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
additional funding through FY 2028 in State support associated with the Safety Net Transformation program to fund projects and partnerships to promote financial sustainability of provider
systems, subject to approval. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The importance of the hospital industry to local communities for purposes of accessing
critical health care services, as well as other social and economic benefits, including employment opportunities and sustainability, creates the potential for increased cost pressure within the Financial Plan should the State continue to provide
supplemental payments to hospitals. There can be no assurance that the State will not continue to commit to additional funding, as many facilities, including those which are not currently fiscally distressed, continue to seek State financial
support. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>CDPAP</U>. New York&#146;s CDPAP allows Medicaid enrollees that are determined eligible for personal care
services to select their own caregiver, which can include friends or family members. Utilization of CDPAP grew by 1,200&nbsp;percent since 2016, and State costs were expected to continue to escalate at unsustainable levels. In response to this
expansion, hundreds of <FONT STYLE="white-space:nowrap">for-profit</FONT> private businesses, known as Fiscal Intermediaries (Fis), have emerged that provide payroll functions and administrative support for an administrative fee that is paid by the
Medicaid program. Nearly all other States with CDPAP programs utilize one or only a few Fis to limit administrative costs and prudently use taxpayer funds. The State is in the process of finalizing its transition to a single Fl administrator,
consolidating the administrative and payroll functions from hundreds of existing Fis to administer the program in a more cost-effective manner. There is no change to care or services authorized and available through the CDPAP or any disruption to
care expected. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Statutory Growth Caps for School Aid and Medicaid</U>. Beginning in FY 2012, the State enacted spending
growth caps intended to limit the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-to-year</FONT></FONT> growth in the State&#146;s two largest assistance and grants programs, School Aid and Medicaid. Both caps, as well as the
scope of the cap for Medicaid, have been modified since initial implementation and have been impacted by administrative and other actions over the past several years. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The School Aid growth cap limits growth to the annual growth in State Personal Income, as calculated in the Personal Income
Growth Index (PIGI). The statutory PIGI for School Aid is based on the average annual income growth over a <FONT STYLE="white-space:nowrap">ten-year</FONT> period. However, the authorized School Aid increases have exceeded the indexed levels in most
years since its inception. Recent School Aid increases in SY 2022 through SY 2024 substantially exceeded the PIGI, due to the State&#146;s commitment to phase in full funding of the Foundation Aid formula. The final year of this <FONT
STYLE="white-space:nowrap">phase-in</FONT> was completed in SY 2024, driving an annual increase of $3.1&nbsp;billion (9.7 percent) compared to the indexed PIGI rate of 4.2&nbsp;percent. The increase in State funded School Aid for SY 2025 of
$1.4&nbsp;billion (4.1 percent) was slightly above the indexed PIGI rate of 3.7&nbsp;percent. The Enacted Budget includes a School Aid increase for SY 2026 of $1.7&nbsp;billion (4.9 percent), driven largely by a $1.4&nbsp;billion (5.7 percent)
increase in Foundation Aid. This increase is above the indexed PIGI rate of 4.5&nbsp;percent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Financial Plan
projections for SY 2027 and beyond assume that School Aid growth will be based on estimated growth in Foundation Aid and expense-based aids and that growth will be below the PIGI rate. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Nearly three-quarters of DOH State Funds Medicaid spending growth is subject to the Global Cap that is
intended to establish a limit for Medicaid growth. The amount of State-&nbsp;share Medicaid spending excluded from the Global Cap continues to increase and includes supplemental hospital payments, costs for the takeover of Medicaid growth from local
governments, reimbursement to providers for increased minimum wage costs, and investments made from HSF. Prior to FY 2023, the Global Cap was calculated using the <FONT STYLE="white-space:nowrap">ten-year</FONT> rolling average of the medical
component of CPI for all urban consumers and thus allowed for growth attributable to increasing costs, though not increasing utilization. To accommodate growth in utilization, beginning in FY 2023 the Global Cap was amended to be calculated using
the five-year rolling average of health care spending, using projections from the CMS Actuary. The CMS Actuary updates the projections annually and DOB incorporates the revisions into the multi-year forecast with the Enacted Budget, as applicable.
The new Global Cap index added a substantial amount of allowable Medicaid growth - over $23&nbsp;billion covering the <FONT STYLE="white-space:nowrap">six-year</FONT> period from FY 2023 through FY 2029. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-40 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The statutory provisions of the Global Cap grant the Commissioner of Health
(the Commissioner) certain powers to limit Medicaid disbursements to the level authorized by the Global Cap and allow for flexibility in adjusting Medicaid projections to meet unanticipated costs resulting from a disaster. The Commissioner&#146;s
powers are intended to limit the annual growth rate to the levels set by the Global Cap for the then-current fiscal year through actions that may include reducing reimbursement rates to providers. These actions may be dependent upon timely Federal
approvals and other elements of the program that govern implementation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Since the enactment of the Global Cap, the
portion of actual State Funds Medicaid spending subject to the Global Cap has remained at or below indexed levels. However, in certain fiscal years, the General Fund has provided relief to the Global Cap and DOH has taken management actions,
including adjustments to the timing of Medicaid payments consistent with contractual terms, to ensure compliance with the Global Cap. Similarly, in response to initial delays in the Federal approval of planned FY 2022 through FY 2024 Managed Care
Directed Payment Template (DPT), the State advanced payments of over $2.2&nbsp;billion in State-only payments to certain providers to help them cover their immediate cash flow needs. These advanced payments are expected to be remitted to the State
by the providers upon their receipt of federally approved DPT funds. While all prior year Federal approvals have been granted with respect to these DPT funds, approximately $1.3&nbsp;billion in provider reimbursements to the State are in various
phases of the administrative remittance process. Pursuant to the existing reimbursement structure, DOH assumed full remittance of the advances in FY 2025; however, due to an inability by certain hospitals to repay advances resulting from a
continuing erosion of their financial solvency, the General Fund provided relief to the Global Cap at the end of FY 2025 through the Mental Hygiene Stabilization Fund and spread repayments over several years. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Medical Indemnity Fund (MIF)</U>. The MIF was created in 2011 and is administered by DOH to provide for the
future health care costs of individuals who suffered birth-related neurological injuries because of medical malpractice during delivery. The purpose of the MIF is to ensure qualified plaintiffs have their health care needs met throughout their
lifetime and to protect hospitals by limiting their liabilities for medical malpractice expenses. The costs are supported partially through an assessment on hospitals with the balance funded by the State. To date, the State has provided
$717&nbsp;million in funding for the MIF and another $211&nbsp;million planned in FY 2026. In 2017, rates were increased, and eligibility expanded to births occurring at <FONT STYLE="white-space:nowrap">non-hospital</FONT> facilities. Services
covered by the MIF are expansive and can include medical, dental, surgical, hospital, nursing, custodial, and rehabilitative care. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Pursuant to law, if the MIF&#146;s total estimated liabilities reach or surpass 80&nbsp;percent of its total assets, then the
MIF will be closed to new enrollment to maintain solvency. The FY 2026 Enacted Budget includes provisions to maintain MIF solvency and allow the program to remain open to new enrollees through FY 2026. However, due to increased enrollment,
escalating average medical costs per enrollee, and legislatively mandated average commercial reimbursement requirements., which are in place until December&nbsp;31, 2025, the MIF is expected to reach the threshold for closure to new enrollees
sometime in FY 2027. Absent policy changes to require hospitals and providers to provide additional funding to the MIF and/or program reforms, additional State funding would be needed to prevent the potential closure of the MIF to new enrollees. If
closed to new enrollees, those who would have been considered qualified plaintiffs and automatically enrolled in the MIF will instead be able to seek legal recourse against hospitals and physicians. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Litigation Risk</U>. The Financial Plan forecast is subject to litigation risk. Litigation against the
State may challenge the constitutionality of various actions with fiscal implications. In the aggregate, these litigation matters could negatively affect the forecasts and projections contained in the Financial Plan. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Financial Plan Risk Management</U>. In developing the Financial Plan, DOB attempts to mitigate financial
risks, with an emphasis on the General Fund. It does this by, among other things, exercising caution when calculating total General Fund disbursements and managing the accumulation of financial resources. Such resources include but are not limited
to: fund balances that are not needed each year; management of the timing of reimbursement for capital advances; and prepayment of expenses, subject to available resources, to maintain budget flexibility. DOB routinely executes cash management
actions to manage the State&#146;s large and complex budget. These actions are intended to improve the State&#146;s cash flow, manage resources within and across State fiscal years, adhere to spending targets, and better position the State to
address unanticipated </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-41 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
costs, including economic downturns, revenue deterioration, and unplanned expenses. There is no guarantee that such financial resources or cash management actions will be sufficient to address
risks that may materialize in a given fiscal year. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In addition, there can be no assurance that the
State&#146;s financial position will not change materially and adversely from current projections. If this were to occur, the State may be required to take <FONT STYLE="white-space:nowrap">gap-closing</FONT> actions to preserve General Fund balance.
Such actions may include but are not limited to: reductions in State agency operations; delays or reductions in payments to local governments or other recipients of State aid; delays in or suspension of capital maintenance and construction;
extraordinary financing of operating expenses; and use of <FONT STYLE="white-space:nowrap">non-recurring</FONT> resources. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In some cases, the ability of the State to implement such actions requires the approval of the Legislature and cannot be
implemented solely by the Governor. The FY 2026 Enacted Budget includes provisions designed to maintain a balanced budget that authorize the Budget Director to reduce payments subject to a plan submitted to the Legislature for review, in the event
of a General Fund imbalance exceeding $2&nbsp;billion. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>State Labor Costs </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">All State labor unions are now covered by a ratified contract through the end of FY 2026. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State expects to continue to engage with unions to discuss future agreements for FY 2027 and beyond; however, there can be no assurance
that amounts informally reserved in the Financial Plan for future operational needs will be available or sufficient to fund the cost of future labor contracts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State expects to continue to engage with unions to discuss future agreements for FY 2027 and beyond; however, there can be no assurance
that amounts informally reserved in the Financial Plan for future operational needs will be available or sufficient to fund the cost of future labor contracts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Employee Pension Benefits.</B><SUP STYLE="font-size:75%; vertical-align:top">7</SUP> The State makes annual contributions to the New York
State and Local Retirement System (NYSLRS) for employees in the New York State and Local Employees&#146; Retirement System (ERS) and Police and Fire Retirement System (PFRS). This section discusses contributions to the NYSLRS, which account for most
of the State&#146;s pension costs.<SUP STYLE="font-size:75%; vertical-align:top">8</SUP> All projections are based on estimated market returns and numerous actuarial assumptions which, if unrealized, could have a materially adverse effect on these
projections. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New York State Retirement and Social Security Law (RSSL) Section&nbsp;11 directs NYSLRS to provide regular reports on the
System&#146;s experience and to propose assumptions and methods for the actuarial valuations. Employer contribution rates for NYSLRS are determined based on investment performance in the Common Retirement Fund (CRF) and actuarial assumptions
recommended by the Retirement System&#146;s Actuary and approved by the State Comptroller. Pension estimates are based on the actuarial report issued in September 2024. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">On September&nbsp;3, 2024, NYSLRS announced an increase in employer contribution rates for both ERS and PFRS which will impact expenses in FY
2026. The average employer contribution rate for ERS increased from 15.2&nbsp;percent to 16.5&nbsp;percent of payroll, which is the highest level since FY 2016. The average employer contribution rate for PFRS increased from 31.2&nbsp;percent to
33.7&nbsp;percent of payroll, which is the highest level since FY 1980. The increase is driven by recent enhancements to the retirement benefits for Tier 6 members, as well as prior year market losses in the CRF and a higher-than-expected number of
service retirements. Since FY 2022, NYSLRS has utilized an <FONT STYLE="white-space:nowrap">8-year</FONT> smoothing methodology to reduce volatility in the employer contribution rates. Since then, market losses in FY 2023 have negated the gains in
FY 2022 and FY 2024, resulting in a net increase in contribution rates. The table below shows the CRF investment experience and the smoothing period for each year&#146;s returns.
</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</DIV> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><SUP
STYLE="font-size:75%; vertical-align:top">7</SUP> The information contained under this heading was prepared solely by DOB and reflects the budgetary aspects of pension amortization. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">8</SUP> The State&#146;s aggregate pension costs also include State employees in the Teachers&#146; Retirement
System (TRS) for both the SUNY and State Education Department (SED), the Optional Retirement Program (ORP) for both SUNY and SED, and the New York State Voluntary Defined Contribution Plan (VDC). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-42 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">As a result of the increases in the employer contribution rates, participants in the
Contribution Stabilization Program will have the option to amortize a portion of their FY 2026 ERS and PFRS liability over a period of ten years. The amounts eligible for amortization are to be determined by the System&#146;s Actuary and will be
reflected in the employer&#146;s estimated bill. The Financial Plan does not currently assume the State will amortize its pension liability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In FY 2024 and FY 2025, the State prepaid pension obligations which were due the following fiscal year to generate interest savings. The State
expects to continue to prepay this expense as fiscal conditions permit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Comptroller does not forecast pension liability estimates on
a multi-year basis, requiring DOB to forecast cost for the three outyears. DOB&#146;s multi-year pension forecast assumes growth in the salary base consistent with collective bargaining agreements and a lower rate of return compared to the current
rate of return assumed by NYSLRS. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The FY 2026 Enacted Budget includes legislation that enhances retirement benefits for certain groups of
first responders and officers. Firefighters employed by DMNA will be eligible for a retirement benefit equal to 50&nbsp;percent of Final Average Salary (FAS) after twenty-five years of service. A new <FONT STYLE="white-space:nowrap">20-year</FONT>
and <FONT STYLE="white-space:nowrap">25-year</FONT> retirement plan is established for members of PBANYS which includes State Park Police, Department of Environmental Conversation (DEC) Police, DEC Forest Rangers, and SUNY Police. The costs of these
retirement enhancements are reflected in the Financial Plan and are estimated to be $42&nbsp;million in FY 2026 (inclusive of a past service cost of nearly $41 million) and over $1&nbsp;million each year thereafter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Pension Contribution Stabilization Program</U>. Under legislation enacted in August 2010, the State and local governments may amortize
(defer paying) a portion of their annual pension costs that exceed a fixed increase. Amortization temporarily reduces the pension costs that must be paid by public employers in a given fiscal year but results in higher costs overall when repaid with
interest. The full amount of each amortization must be repaid within ten years at a fixed interest rate determined by OSC. The State and local governments are required to begin repayment on new amortizations in the fiscal year immediately following
the year in which the amortization was initiated. The State currently has no outstanding pension amortization liability. The FY 2024 Enacted Budget included legislation to allow public employers the option to terminate participation in the program
provided they have paid in full all prior year amortizations. The State currently has no plans to withdraw from the program. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Other
Post-Employment Benefits (OPEB).</B> State employees become eligible for post-employment benefits (e.g., health insurance) if they reach retirement while working for the State; are enrolled in either the New York State Health Insurance Program
(NYSHIP) or the NYSHIP <FONT STYLE="white-space:nowrap">opt-out</FONT> program at the time they reach retirement; and have the required years of eligible service. The cost of providing post-retirement health insurance is shared between the State and
the retired employee. Contributions are established by law and may be amended by the Legislature. The State is not required to provide funding above the
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Pay-As-You-Go</FONT></FONT></FONT> (PAYGO) amount necessary to provide current benefits to retirees. The State continues to fund these costs, along
with all other employee health care expenses, on a PAYGO basis, meaning the State pays these costs as they become due. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State has
deposited over $1.7&nbsp;billion to the Retiree Health Benefit Trust Fund (RHBTF) which was created in FY 2018 as a qualified trust under Governmental Accounting Standards Board Statements (GASBS) No.&nbsp;74 and is authorized to reserve money for
the payment of health benefits of retired employees and their dependents. The RHBTF is a Fiduciary Fund and is excluded from All Governmental Funds. Under current law, the State may deposit into the RHBTF, in any given fiscal year, up to
1.5&nbsp;percent of the total then-current unfunded actuarial accrued OPEB liability ($56.7&nbsp;billion on March&nbsp;31, 2024). The Financial Plan includes a continued $250&nbsp;million annual deposit to the RHBTF that will be dependent on fiscal
conditions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>State Debt </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Bond
Market and Credit Ratings.</B> Successful execution of the Financial Plan is dependent on the State&#146;s ability to market bonds. The State pays for much of its capital spending, in the first instance, from the General Fund or STIP, and then
reimburses itself with proceeds from the sale of bonds. An inability of the State to sell bonds or notes at the level or on the timetable it expects could have a material and adverse impact on the State&#146;s financial position and the
implementation of its Capital Plan. The success of projected public sales of municipal bonds is subject to prevailing market conditions and related ratings issued by national credit rating agencies, among other factors. Future
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-43 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
developments in the financial markets, including possible changes to the Internal Revenue Code relating to the taxation of interest on municipal bonds, may affect the market for outstanding
State-supported and State-related debt. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The major rating agencies &#150; Fitch, KBRA, Moody&#146;s, and S&amp;P &#150; have assigned the
State general credit ratings of AA+, AA+, Aa1, and AA+, respectively. The State&#146;s rating has a stable outlook from all four rating agencies. These ratings reflect the State&#146;s economic recovery from the
<FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic and commitment to strong reserve levels. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Debt Reform Act Limit.</B> The Debt
Reform Act of 2000 (&#147;Debt Reform Act&#148;) restricts the issuance of State-supported debt funding to capital purposes only and, with certain limited exceptions for long-&nbsp;lived Metropolitan Transportation Authority (MTA) projects,
generally limits the maximum term of bonds to 30 years. The Debt Reform Act limits the amount of new State-supported debt to 4&nbsp;percent of State personal income, and new State-supported debt service costs to 5&nbsp;percent of All Funds receipts.
The restrictions apply to State-supported debt issued after April&nbsp;1, 2000. DOB, as administrator of the Debt Reform Act, determined that the State complied with the statutory caps in the most recent calculation period (FY 2024). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State enacted legislation that suspended certain provisions of the Debt Reform Act for FY 2021 and FY 2022 bond issuances as part of the
State&#146;s response to the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic. Accordingly, a total of $13&nbsp;billion of State-supported debt issued in FY 2021 and FY 2022 and outstanding as of March&nbsp;31, 2025, is not counted towards
the statutory caps on debt outstanding and debt service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Current projections anticipate that State-supported debt outstanding and
State-supported debt service will continue to remain below the limits imposed by the Debt Reform Act. Based on the most recent personal income and debt outstanding forecasts, the available debt capacity under the debt outstanding cap is expected to
decline from $26.2&nbsp;billion in FY 2025 to a low point of $503&nbsp;million in FY 2030. This calculation includes the estimated impact of funding capital commitments with State bonds. The debt service on State-supported debt subject to the
statutory cap is projected at $3.1&nbsp;billion in FY 2026 inclusive of prior year prepayments, or roughly $9.3&nbsp;billion below the statutory debt service limit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State uses personal income estimates published by the Federal government, specifically the Bureau of Economic Analysis (BEA), to calculate
the cap on debt outstanding, as required by statute. The BEA revises these estimates on a quarterly basis and such revisions can be significant. For Federal reporting purposes, BEA reassigns income from the state where it was earned to the state in
which a person resides, for situations where a person lives and earns income in different states (the &#147;residency adjustment&#148;). The BEA residency adjustment has the effect of reducing reported New York State personal income because income
earned in New York by <FONT STYLE="white-space:nowrap">non-residents</FONT> regularly exceeds income earned in other states by New York residents. The State taxes all personal income earned in New York, regardless of place of residency. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In the FY 2026 Enacted Budget, the State included new bond-financed capital commitments that add $2.4&nbsp;billion in new debt over the
five-year Capital Plan period. The capital spending increases are offset by greater underspending on capital projects than previously assumed, as well as changes in the size and timing of future bond issuances and bond sale results to date. The FY
2026 Enacted Budget personal income forecast provides a short term benefit to debt capacity but reduces capacity by $551&nbsp;million by FY 2030. The State may adjust capital spending priorities and debt financing practices from time to time to
preserve available debt capacity and stay within the statutory limits, as events warrant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Localities and Authorities </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State&#146;s localities and certain public authorities rely in part on State financial assistance to meet their commitments and expenses.
Unanticipated financial needs among localities and the MTA can create pressure for the State to assist and may adversely affect Financial Plan projections. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Financial Condition of New York State Localities.</B> The largest driver of costs for most counties is Medicaid; however, the State has
taken over all the growth in the program since FY 2007 and funds the entire cost of minimum wage and homecare wage increases. In addition, certain localities outside the City of New York, including cities and counties, have experienced financial
problems, and have been allocated additional State assistance during the last </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-44 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
several State fiscal years. The Financial Restructuring Board for Local Governments (the &#147;Restructuring Board&#148;) aids distressed local governments by performing comprehensive reviews and
providing grants and loans on the condition of implementing recommended efficiency initiatives. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>MTA.</B> The MTA operates public
transportation in the City of New York metropolitan area, including subways, buses, commuter rail, and tolled vehicle crossings. The services provided by the MTA and its operating agencies are integral to the economy of the City of New York and the
surrounding metropolitan region, as well as to the economy of the State. MTA operations are funded mainly from fare and toll revenue, dedicated taxes, and subsidies from the State and the City of New York. MTA Capital Plans also rely on significant
direct contributions from the State and the City of New York. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>MTA Capital Plans</U>. The FY 2026 Enacted Budget provides funding for
the MTA&#146;s 2025-2029 Capital Plan. The Budget includes $4.2&nbsp;billion in direct State contributions, of which $3&nbsp;billion is from a new appropriation and $1.2&nbsp;billion is from repurposing an existing Penn Station appropriation.
Additionally, the Budget includes adjustments to the MCTMT that are anticipated to generate an estimated $31.5&nbsp;billion for the 2025-2029 Capital Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State is also directly contributing $9.1&nbsp;billion to the MTA&#146;s 2015-2019 Capital Plan and $3.1&nbsp;billion to the MTA&#146;s
2020-2024 Capital Plan. These State commitment levels represent substantial increases from the funding levels for prior MTA Capital Plans (2010-2014: $770&nbsp;million; 2005-2009: $1.45 billion). In addition, a substantial amount of new funding to
the MTA was authorized in the FY 2020 Enacted Budget as part of a comprehensive reform plan expected to generate an estimated $25&nbsp;billion in financing for the MTA&#146;s 2020-2024 Capital Plan, including $15&nbsp;billion from congestion pricing
revenues. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New York&#146;s Central Business District Tolling Program (CBDTP) was implemented in Manhattan on January&nbsp;5, 2025,
following the entry of an agreement, dated November&nbsp;21, 2024, by and among the Federal Highway Administration (FHWA), NYS Department of Transportation, NYC Department of Transportation, and the Triborough Bridge and Tunnel Authority (TBTA),
approving CBDTP under the Federal Value Pricing Pilot Program (the VPPP Agreement). On February&nbsp;19, 2025, the U.S. Department of Transportation (US DOT) delivered a letter to Governor Kathy Hochul asserting its intent to terminate the VPPP
Agreement and rescind FHWA&#146;s approval of the CBDTP. In response, the TBTA and MTA filed a complaint in the U.S. District Court for the Southern District of New York seeking, among other legal remedies, an order vacating US Department of
Transportation (DOT&#146;s) purported termination which was undertaken in violation of the terms of that agreement, and in excess of the Department&#146;s authority. The TBTA and MTA have stated they will continue operation of the CBDTP absent a
valid court order. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><U>Other State Actions</U>. The <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic caused severe declines in
MTA ridership and traffic in 2020, and ridership remains significantly below <FONT STYLE="white-space:nowrap">pre-pandemic</FONT> levels. In the FY 2024 Enacted Budget, the State took substantial action to provide the MTA with additional operating
revenues dedicated to help solve the MTA&#146;s fiscal crisis. This included an increase in the MCTMT in the City of New York, a <FONT STYLE="white-space:nowrap">one-time</FONT> State subsidy of $300&nbsp;million, an increase in the City of New
York&#146;s contribution to the MTA for the costs of paratransit services and directing a portion of future casino revenues, the timing of which is uncertain, to the MTA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Risks to the MTA include, but are not limited to, the level and pace at which ridership will return, the economic conditions of the MTA
region, the ability to implement cost controls and savings actions, and the ability to implement biennial fare and toll increases. If additional resources are provided by the State, either through additional subsidies or new revenues, it could have
a material and adverse impact on the Financial Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Risks and Ongoing Concerns </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Climate Change.</B> Climate change poses significant threats to physical, biological, and economic systems in New York and around the
world. The immediate and long-term effects of climate change could adversely impact the Financial Plan in the current year or in future years. Climate change risks also increasingly fall within the maximum maturity term of current outstanding bonds
of the State, which may generally be issued with a term of up to 30 years under State statute, as well as bonds issued by public authorities and municipalities. Hazards and risks related to climate change for the State include, among other things,
rising sea levels, increased coastal flooding and related erosion hazards, intensifying storms, wildfires, and more extreme heat. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-45 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Powerful storms affecting the State, including Hurricane Ida (September 2021), Superstorm
Sandy (October 2012), Tropical Storm Lee (September 2011), and Hurricane Irene (August 2011), and more recently flooding in 2024 due to the remnants of Hurricane Beryl and Tropical Storm Debby have demonstrated vulnerabilities in the State&#146;s
infrastructure (including mass transit systems, power transmission and distribution systems, and other critical lifelines) to extreme weather-driven events, including coastal flooding caused by storm surges and flash floods from rainfall. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To mitigate and manage the impacts of climate change, all levels of government, including municipalities and public utilities, continue to
undertake a variety of actions to reduce greenhouse gas emissions and adapt existing infrastructure to the changing environment. However, given the size and scope of potential disruptions, there can be no assurance that such efforts will be adequate
or timely enough to mitigate the most damaging effects of climate change. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In 2019, New York enacted the Climate Leadership and Community
Protection Act (CLCPA). The CLCPA set the State on a path toward reducing statewide greenhouse gas emissions by 85&nbsp;percent below the 1990 level by 2050; and a plan to fully transition its electricity sector to zero emissions by 2040. Several
factors may impact the ability to achieve these goals and directives, and, therefore, no assurances can be made that such objectives will be met. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The CLCPA created the Climate Action Council (CAC), which was tasked with developing a Scoping Plan with recommendations to reduce greenhouse
gas emissions, increase renewable energy usage, and promote climate justice. The CAC approved and adopted the final Scoping Plan in December 2022. In response, New York is working to develop an affordable and effective
<FONT STYLE="white-space:nowrap">cap-&nbsp;and-invest</FONT> program that will drive emissions reductions across all regions of the State, while maintaining the competitiveness of New York businesses and industries. Pursuant to the CLCPA, DEC is
required to promulgate rules and regulations to ensure the State meets the CLCPA&#146;s statewide greenhouse gas emission limits. DEC has already adopted a variety of regulations to help meet this objective, which will play a key role in New
York&#146;s overall policies aimed at reducing greenhouse gas emissions across the State. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">New York&#146;s electricity system is already
part of a regional <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cap-and-invest</FONT></FONT> program: the Regional Greenhouse Gas Initiative (RGGI). Since RGGI began operation in 2008, the program has helped reduce greenhouse
gases from power plants by more than half and raised over $2.7&nbsp;billion to support cleaner energy solutions in New York and over $9.0&nbsp;billion collectively amongst participating states. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Concurrently, the State has been taking regulatory and legislative actions that are intended to limit greenhouse gas emissions, electrify
transportation, and generate more electricity from renewable sources. Realization of these actions and their intended outcomes is contingent upon successful implementation, and, therefore, no assurances can be made that such actions will be realized
as planned. Major actions include: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Making a $1&nbsp;billion capital investment in the FY 2026 Enacted Budget to lower building emissions, advance
clean transportation and build renewable energy projects. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Authorizing the New York Power Authority to plan, design, develop, finance, construct, own, operate, maintain,
and improve renewable energy generating projects. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Prohibiting building systems and/or equipment that burn fossil fuels in new construction starting
December&nbsp;31, 2025, for any new building seven stories or lower, except large commercial and industrial buildings, and December&nbsp;31, 2028 for other new buildings. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Requiring new <FONT STYLE="white-space:nowrap">off-road</FONT> vehicles and equipment sold in New York to be <FONT
STYLE="white-space:nowrap">zero-emissions</FONT> by 2035 and new medium-duty and heavy-duty vehicles to be <FONT STYLE="white-space:nowrap">zero-emissions</FONT> by 2045. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Providing direct financial investment to school districts and private transportation contractors for the
purchase or lease of <FONT STYLE="white-space:nowrap">zero-emission</FONT> school buses - to facilitate compliance with the State&#146;s 2027 deadline, with full fleet conversion and operation of zero-&nbsp;emission school buses required by
July&nbsp;1, 2035. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9679;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Signing the Climate Change Superfund Act in December 2024, which will require companies that have contributed
significantly to the buildup of climate-warming greenhouse gases in the atmosphere to pay for critical infrastructure investments to adapt to climate change. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-46 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">During the November 2022 general election, New York State voters approved the Clean Water,
Clean Air, and Green Jobs Bond Act. The $4.2&nbsp;billion bond act is actively being implemented and is supporting substantial capital improvements and enhancements in the following areas: flood risk reduction/restorations; open space, working lands
conservation, and recreation; climate change mitigation; and water quality improvement and resilient infrastructure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>Cybersecurity</B>. The New York State government, like many other large public and private entities, relies on a large and complex
technology environment to conduct its operations. As a recipient and provider of personal, private, or sensitive information, the State and its authorities, agencies, and public benefit corporations, as well as its political subdivisions (including
counties, cities, towns, villages, and school districts) face multiple cyber threats involving, but not limited to, hacking, viruses, ransomware, malware and other attacks on computers and other networks and systems. Entities or individuals may
attempt to gain unauthorized access to the State&#146;s technology environment for the purposes of misappropriating assets or information or causing operational disruption and damage. In addition, the tactics used in malicious attacks to obtain
unauthorized access to networks and systems change frequently and are often not recognized until launched against a target. Accordingly, the State may be unable to fully anticipate these techniques or implement adequate preventative measures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">To mitigate the risk of business operations impact and/or damage from cyber incidents or cyber-&nbsp;attacks, the State invests in multiple
forms of cybersecurity and operational controls. The State&#146;s Chief Information Security Office (CISO) within the State&#146;s Office of Information Technology Services (ITS) maintains policies, standards, programs, and services relating to the
security of State government networks. The CISO is responsible for annually assessing the effectiveness of certain State agencies&#146; cybersecurity defenses through the Nationwide Cybersecurity Review. In addition, the CISO maintains the New York
State Cyber Command Center team, which possesses digital forensics capabilities, and manages cyber incident reporting and response. The CISO also distributes real-time advisories and alerts, provides managed security services, and implements
Statewide information security awareness training. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State has also developed partnerships with local governments to better address
cybersecurity threats. In February 2022, the Governor announced the creation of an information-sharing partnership, the Joint Security Operations Center (JSOC). The JSOC is a partnership between the State and the cities of Albany, Buffalo, the City
of New York, Rochester, Syracuse, and Yonkers. The JSOC combines local, State, and Federal cyber threat information in order to increase collaboration on threat intelligence, reduce response times, and yield faster and more effective remediation in
the event of a major cyber incident. The FY 2026 Enacted Budget continues to invest in New York&#146;s Shared Services Program, which helps county and local governments and other regional partners acquire and deploy high quality cybersecurity
services to bolster their cyber defenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Occasionally, intrusions into State digital systems have been detected, but they have generally
been contained. While cybersecurity procedures and controls are routinely reviewed and tested, there can be no assurance that such security and operational control measures will be successful at preventing future cyber threats and attacks.
Successful attacks could adversely impact the State, including disrupting business operations, harming State networks and systems, and damaging State and local infrastructure; and the costs of remediation and recovery could be substantial. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The State has also adopted regulations designed to protect the financial services industry from cyberattacks. Banks, insurance companies and
other covered entities regulated by the Department of Financial Services (DFS) are, unless eligible for limited exemptions, required to: (a)&nbsp;maintain a cybersecurity program, (b)&nbsp;create written cybersecurity policies and perform risk
assessments, (c)&nbsp;designate someone with responsibility to oversee the cybersecurity program, (d)&nbsp;annually certify compliance with the cybersecurity regulations, and (e)&nbsp;report to DFS cybersecurity events that have a reasonable
likelihood of materially harming any substantial part of the entity&#146;s normal operation(s) or for which notice is required to any government body, self-regulatory agency, or supervisory body. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-47 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART C: OTHER INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&#8201;15. Indemnification </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><FONT
STYLE="white-space:nowrap">Section&nbsp;2-418</FONT> of the General Corporation Law of the State of Maryland, Article VI of the Registrant&#146;s Articles of Incorporation (and such Article has not been subsequently amended in the charter), Article
IV of the Registrant&#146;s Amended and Restated Bylaws and the Investment Management Agreement each provides for indemnification.: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Article VI of the Registrant&#146;s Articles of Incorporation, in relevant part, provides as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(3) Each director and each officer of the Corporation shall be indemnified by the Corporation to the full extent permitted by the General Laws
of the State of Maryland, subject to the requirements of the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;). No amendment of these Articles of Incorporation or repeal of any provision hereof shall limit or eliminate the
benefits provided to directors and officers under this provision in connection with any act or omission that occurred prior to such amendment or repeal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(4) To the fullest extent permitted by the General Laws of the State of Maryland, subject to the requirements of the 1940 Act, no director or
officer of the Corporation shall be personally liable to the Corporation or its security holders for money damages. No amendment of these Articles of Incorporation or repeal of any provision hereof shall limit or eliminate the benefits provided to
directors and officers under this provision in connection with any act or omission that occurred prior to such amendment or repeal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Article IV of the Registrant&#146;s Amended and Restated Bylaws provides as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;1.&nbsp;<U>No Personal Liability of Directors or Officers</U>. No Director, advisory board member or officer of the Fund shall be
subject in such capacity to any personal liability whatsoever to any Person, save only liability to the Fund or its shareholders arising from bad faith, willful misfeasance, gross negligence or reckless disregard for his or her duty to such Person;
and, subject to the foregoing exception, all such Persons shall look solely to the assets of the Fund for satisfaction of claims of any nature arising in connection with the affairs of the Fund. If any Director, advisory board member or officer, as
such, of the Fund, is made a party to any suit or proceeding to enforce any such liability, subject to the foregoing exception, such person shall not, on account thereof, be held to any personal liability. Any repeal or modification of the Charter
or this&nbsp;<U>Article IV</U>&nbsp;<U>Section&nbsp;1</U>&nbsp;shall not adversely affect any right or protection of a Director, advisory board member or officer of the Fund existing at the time of such repeal or modification with respect to acts or
omissions occurring prior to such repeal or modification. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;2.&nbsp;<U>Mandatory Indemnification</U>. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;The Fund hereby agrees to indemnify each person who is or was a Director, advisory board member or officer of the Fund (each such
person being an &#147;Indemnitee&#148;) to the full extent permitted under the Charter. In addition, the Fund may provide greater but not lesser rights to indemnification pursuant to a contract approved by at least a majority of Directors between
the Fund and any Indemnitee. Notwithstanding the foregoing, no Indemnitee shall be indemnified hereunder against any liability to any person or any expense of such Indemnitee arising by reason of (i)&nbsp;willful misfeasance, (ii)&nbsp;bad faith,
(iii)&nbsp;gross negligence, or (iv)&nbsp;reckless disregard of the duties involved in the conduct of the Indemnitee&#146;s position (the conduct referred to in such clauses (i)&nbsp;through (iv)&nbsp;being sometimes referred to herein as
&#147;Disabling Conduct&#148;). Furthermore, with respect to any action, suit or other proceeding voluntarily prosecuted by any Indemnitee as plaintiff, indemnification shall be mandatory only if the prosecution of such action, suit or other
proceeding by such Indemnitee (A)&nbsp;was authorized by a majority of the Directors or (B)&nbsp;was instituted by the Indemnitee to enforce his or her rights to indemnification hereunder in a case in which the Indemnitee is found to be entitled to
such indemnification. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;Notwithstanding the foregoing, unless otherwise provided in any agreement relating to indemnification
between an Indemnitee and the Fund, no indemnification shall be made hereunder unless there has been a determination (i)&nbsp;by a final decision on the merits by a court or other body of competent jurisdiction before whom the issue of entitlement
to indemnification hereunder was brought that such Indemnitee is entitled to indemnification hereunder or, (ii)&nbsp;in the absence of such a decision, by (A)&nbsp;a majority vote of a quorum of those Directors who are both Independent Directors and
not parties to the proceeding <FONT STYLE="white-space:nowrap">(&#147;Independent&nbsp;Non-Party&nbsp;Directors&#148;),</FONT> that the Indemnitee is entitled to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">
indemnification hereunder, or (B)&nbsp;if such quorum is not obtainable or even if obtainable, if such majority so directs, a Special Counsel in a written opinion concludes that the Indemnitee
should be entitled to indemnification hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c) Subject to any limitations provided by the 1940 Act and the Charter, the Fund shall
have the power and authority to indemnify and provide for the advance payment of expenses to employees, agents and other Persons providing services to the Fund or serving in any capacity at the request of the Fund to the full extent permitted for
corporations organized under the corporations laws of the state in which the Fund was formed, provided that such indemnification has been approved by a majority of the Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(d) Any repeal or modification of the Charter or&nbsp;Section&nbsp;2&nbsp;of this&nbsp;Article IV&nbsp;shall not adversely affect any right or
protection of a Director, advisory board member or officer of the Fund existing at the time of such repeal or modification with respect to acts or omissions occurring prior to such repeal or modification. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;3.&nbsp;<U>Good Faith Defined; Reliance on Experts</U>. For purposes of any determination under this&nbsp;<U>Article IV</U>, a
person shall be deemed to have acted in good faith and in a manner such person reasonably believed to be in the best interests of the Fund, or, with respect to any criminal action or proceeding, to have had no reasonable cause to believe such
person&#146;s conduct was unlawful, if such person&#146;s action is based on the records or books of account of the Fund, or on information supplied to such person by the officers of the Fund in the course of their duties, or on the advice of legal
counsel for the Fund or on information or records given or reports made to the Fund by an independent certified public accountant or by an appraiser or other expert or agent selected with reasonable care by the Fund. The provisions of
this&nbsp;<U>Article IV</U>&nbsp;<U>Section&nbsp;3</U>&nbsp;shall not be deemed to be exclusive or to limit in any way the circumstances in which a person may be deemed to have met the applicable standard of conduct set forth in this <U>Article
IV</U>. Each Director and officer or employee of the Fund shall, in the performance of his or her duties, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the
books of account or other records of the Fund, upon an opinion of counsel selected by the Board of Directors or a committee of the Directors, or upon reports made to the Fund by any of the Fund&#146;s officers or employees or by any advisor,
administrator, manager, distributor, dealer, accountant, appraiser or other expert or consultant selected with reasonable care by the Board of Directors or a committee of the Directors, officers or employees of the Fund, regardless of whether such
counsel or expert may also be a Director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;4.&nbsp;<U>Survival of Indemnification and Advancement of Expenses</U>. The
indemnification and advancement of expenses provided by, or granted pursuant to, this&nbsp;<U>Article IV</U>&nbsp;shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director or officer and
shall inure to the benefit of the heirs, executors and administrators of such a person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;5.&nbsp;<U>Insurance</U>. The
Directors may maintain insurance for the protection of the Fund&#146;s property, the shareholders, Directors, officers, employees and agents in such amount as the Directors shall deem adequate to cover possible tort liability, and such other
insurance as the Directors in their sole judgment shall deem advisable or is required by the 1940 Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;6.&nbsp;<U>Subrogation</U>. In the event of payment by the Fund to an Indemnitee under the Charter or these Bylaws, the Fund
shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who shall execute such documents and do such acts as the Fund may reasonably request to secure such rights and to enable the Fund effectively to
bring suit to enforce such rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Registrant has also entered into an agreement with directors and officers of the Registrant
entitled to indemnification under the charter of the Registrant pursuant to which the Registrant has agreed to advance expenses and costs incurred by the indemnitee in connection with any matter in respect of which indemnification might be sought
pursuant to the charter of the Registrant to the maximum extent permitted by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Reference is also made to Sections 10 and 11 of the
Registrant&#146;s Investment Management Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Additionally, the Registrant and the other funds in the BlackRock Fixed-Income Complex
jointly maintain, at their own expense, E&amp;O/D&amp;O insurance policies for the benefit of its Directors, officers and certain affiliated persons. The Registrant pays a pro rata portion of the premium on such insurance policies. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Insofar as indemnification for liabilities arising under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;), may be permitted to trustees, officers and controlling persons of the Registrant, pursuant to the foregoing provisions or otherwise, the Registrant has been advised that in the opinion of the Securities and
Exchange Commission (&#147;SEC&#148;) such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment
by the Registrant of expenses incurred or paid by a trustee, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such trustee, officer or controlling person in connection with
the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&#8201;16. Exhibits </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The agreements included or incorporated by reference as exhibits to this registration statement contain representations and warranties by each
of the parties to the applicable agreement. These representations and warranties were made solely for the benefit of the other parties to the applicable agreement and (i)&nbsp;were not intended to be treated as categorical statements of fact, but
rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate; (ii)&nbsp;may have been qualified in such agreement by disclosures that were made to the other party in connection with the negotiation of the
applicable agreement; (iii)&nbsp;may apply contract standards of &#147;materiality&#148; that are different from &#147;materiality&#148; under the applicable securities laws; and (iv)&nbsp;were made only as of the date of the applicable agreement or
such other date or dates as may be specified in the agreement. The Registrant acknowledges that, notwithstanding the inclusion of the foregoing cautionary statements, it is responsible for considering whether additional specific disclosures of
material information regarding material contractual provisions are required to make the statements in this registration statement not misleading. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="89%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>&#8195;Exhibit&nbsp;No.&#8195;</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman"><B>&#8195;Description of Exhibit</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(1)(a)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000095013099006240/0000950130-99-006240.txt">Articles of Incorporation,
 dated December&nbsp;16, 1991 is incorporated by reference to Exhibit 1(a) of <FONT STYLE="white-space:nowrap">Pre-Effective</FONT> Amendment No. 1 to the Registrant&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">N-14</FONT>
(File <FONT STYLE="white-space:nowrap">No.&nbsp;333-88423)</FONT> as filed with the SEC on November&nbsp;9, 1999. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(b)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000095013099006240/0000950130-99-006240.txt">Articles of Amendment to Articles
 of Incorporation dated January&nbsp;7, 1992 is incorporated by reference to Exhibit 1(b) to the Registrant&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">N-14</FONT> (File
<FONT STYLE="white-space:nowrap">No.&nbsp;333-88423)</FONT> as filed with the SEC on November&nbsp;9, 1999.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(c)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000095013099006240/0000950130-99-006240.txt">Form of Articles Supplementary
 Creating the Series A AMPS and the Series B AMPS is incorporated by reference to Exhibit 1(c) to the Registrant&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">N-14</FONT> (File
<FONT STYLE="white-space:nowrap">No.&nbsp;333-88423)</FONT> as filed with the SEC on November&nbsp;9, 1999.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(d)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000090514805003810/efc5-1585_exhibit992a5.txt">Form of Articles Supplementary
 Creating Two Series of Auction Market Preferred Stock is incorporated by reference to Exhibit (a)(5) of the Registrant&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">N-2</FONT> (File
No.<U></U><FONT STYLE="white-space:nowrap">&nbsp;333-126729)</FONT> as filed with the SEC on July<U></U>&nbsp;20, 2005.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(e)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000090514805003810/efc5-1585_exhibit992a6.txt">Form of Articles of Amendment
 to Articles Supplementary Creating Two Series of Auction Market Preferred Stock is incorporated by reference to Exhibit (a)(6) of the Registrant&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">N-2</FONT> (File No.<U></U><FONT
STYLE="white-space:nowrap">&nbsp;333-126729)</FONT> as filed with the SEC on July<U></U>&nbsp;20, 2005.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(f)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000090514805003810/efc5-1585_exhibit992a3.txt">Articles of Transfer, dated
March<U></U>&nbsp;2, 2000, is incorporated by reference to Exhibit (a)(3) of the Registrant&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">N-2</FONT> (File No.<U></U><FONT STYLE="white-space:nowrap">&nbsp;333-126729)</FONT>
as filed with the SEC on July<U></U>&nbsp;20, 2005.</A></P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-3 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="89%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(g)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000095013099005646/0000950130-99-005646.txt">Form of Articles Supplementary
 Creating Three Series of Auction Market Preferred Stock is incorporated by reference to Exhibit (1)(E) of the Registrant&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">N-14</FONT> 8C (File No.<U></U><FONT
STYLE="white-space:nowrap">&nbsp;333-88423)</FONT> as filed with the SEC on October<U></U>&nbsp;4, 1999.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(h)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000090514805003810/efc5-1585_exhibit992a8.txt">Form of Articles of Amendment
 to the Articles Supplementary Creating Three Series of Auction Market Preferred Stock is incorporated by reference to Exhibit (a)(8) of the Registrant&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">N-2</FONT> (File
No.<U></U><FONT STYLE="white-space:nowrap">&nbsp;333-126729)</FONT> as filed with the SEC on July<U></U>&nbsp;20, 2005.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(i)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dex991i.htm">Articles of Amendment to the Articles Supplementary Creating Two Series of Auction Market Preferred
 Stock, dated July 2005 is filed herewith. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(j)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000090514805003810/efc5-1585_exhibit992a9.txt">Form of Articles Supplementary
 Creating One Series of Auction Market Preferred Stock is incorporated by reference to Exhibit (a)(9) of the Registrant&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">N-2</FONT> (File
No.<U></U><FONT STYLE="white-space:nowrap">&nbsp;333-126729)</FONT> as filed with the SEC on July<U></U>&nbsp;20, 2005.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(k)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dex991k.htm">Articles of Amendment to Articles of Incorporation, dated September&nbsp;
14, 2006 is filed herewith. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(l)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000128769511000480/myn77q1a.htm">Articles Supplementary, dated September
<U></U>&nbsp;17, 2010, is incorporated by reference to Exhibit 77Q1(a)(i) to the Registrant&#146;s Semi-Annual Report for Registered Investment Companies on Form <FONT STYLE="white-space:nowrap">N-SAR</FONT> as filed with the SEC on
September<U></U>&nbsp;29, 2011.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(m)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dex991m.htm">Form of Articles of Amendment, effective November&nbsp;9, 2010 is filed herewith.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(n)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000128769511000480/mynrider.htm">Articles Supplementary Establishing and
Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated April<U></U>&nbsp;20, 2011, is incorporated by reference to Exhibit 77Q1(a)(ii) to the Registrant&#146;s Semi-Annual Report for Registered Investment Companies on Form
<FONT STYLE="white-space:nowrap">N-SAR</FONT> as filed with the SEC on September<U></U>&nbsp;29, 2011. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(o)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000128769513000341/myn77q1a.htm">Articles of Amendment Amending the Articles
 Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated June<U></U>&nbsp;20, 2012, is incorporated by reference to Exhibit 77Q1(a) to the Registrant&#146;s Semi-Annual Report for Registered
Investment Companies on Form <FONT STYLE="white-space:nowrap">N-SAR</FONT> as filed with the SEC on October<U></U>&nbsp;9, 2012.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(p)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000128769513000341/myn77q1a.htm">Articles of Amendment Amending the Articles
 Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated April<U></U>&nbsp;23, 2013, is incorporated by reference to Exhibit 77Q1(a) to the Registrant&#146;s Semi-Annual Report for Registered
Investment Companies on Form <FONT STYLE="white-space:nowrap">N-SAR</FONT> as filed with the SEC on September<U></U>&nbsp;26, 2013.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(q)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000175272421217720/NCEN_811-06500_7819179141.htm">Articles of Amendment
 Amending the Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated June<U></U>&nbsp;29, 2021, is incorporated by reference to Attachment G.1.b.i. to the Registrant&#146;s Annual
Report for Registered Investment Companies on Form <FONT STYLE="white-space:nowrap">N-CEN</FONT> as filed with the SEC on October<U></U>&nbsp;14, 2021.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(r)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000175272422225313/NCEN_811-06500_47181116_0722.htm">Articles Supplementary,
 dated November<U></U>&nbsp;4, 2021, is incorporated by reference to Attachment G.1.b.i to the Registrant&#146;s Annual Report for Registered Investment Companies on Form <FONT STYLE="white-space:nowrap">N-CEN</FONT> as filed with the SEC on
October<U></U>&nbsp;12, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(s)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000175272422225313/NCEN_811-06500_19295281_0722.htm">Articles of Amendment
 Amending the Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated June 17, 2022, is incorporated by reference to Attachment G.1.b.i to the Registrant&#146;s Annual Report for
Registered Investment Companies on Form <FONT STYLE="white-space:nowrap">N-CEN</FONT> as filed with the SEC on October<U></U>&nbsp;12, 2022.</A></P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-4 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="89%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(t)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000175272423227755/NCEN_811-06500_68333968_0723.htm">Articles of Amendment
 Amending the Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated January 19, 2023, is incorporated by reference to Attachment G.1b.i to the Registrant&#146;s Annual Report for
Registered Investment Companies on Form <FONT STYLE="white-space:nowrap">N-CEN</FONT> as filed with the SEC on October<U></U>&nbsp;13, 2023.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(u)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dex991u.htm">Articles of Amendment Amending the Articles Supplementary Establishing and Fixing the Rights and Preferences
 of Variable Rate Demand Preferred Shares, dated June&nbsp;15, 2023 is filed herewith. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(v)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dex991v.htm">Articles of Amendment, dated June&nbsp;18, 2024 is filed herewith. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(w)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dex991w.htm">Articles of Amendment, dated June&nbsp;18, 2025 is filed herewith. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(2)(a)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/882150/000119312521317086/d232101dex9931.htm">Amended and Restated Bylaws are
 incorporated herein by reference to Exhibit 3.1 to Registrant&#146;s Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> as filed with the Securities and Exchange Commission (&#147;SEC&#148;) on November&nbsp;2, 2021. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(3)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Not applicable.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(4)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Form of Agreement and Plan of Merger is incorporated by reference to Appendix A of the Joint Proxy
Statement/Prospectus.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(5)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Selected Provisions of the Articles of Incorporation and the Amended and Restated Bylaws of the Registrant Defining the
Rights of Shareholders are incorporated by reference to Exhibit (1)(a) and Exhibit (2)(a) above.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(6)(a)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dex996a.htm">Investment Management Agreement between the Registrant and BlackRock Advisers, LLC is filed herewith.
 </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(b)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99g4.htm">Amended and Restated Master Advisory
 Fee Waiver Agreement is incorporated by reference to Exhibit (g)(4) of the Registration Statement on Form <FONT STYLE="white-space:nowrap">N-2</FONT> of BlackRock Multi-Sector Income Trust (File
No.<U></U><FONT STYLE="white-space:nowrap">&nbsp;333-262119)</FONT> as filed with the SEC on January<U></U>&nbsp;12, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(c)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99g5.htm">Amendment No.<U></U>&nbsp;
1 to the Amended and Restated Master Advisory Fee Waiver Agreement is incorporated by reference to Exhibit (g)(5) of the Registration Statement on Form N-2 of BlackRock Multi-Sector Income Trust (File No.<U></U>&nbsp;
333-262119) as filed with the SEC on January<U></U>&nbsp;12, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(d)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99g6.htm">Amendment No.<U></U>&nbsp;
2 to the Amended and Restated Master Advisory Fee Waiver Agreement is incorporated by reference to Exhibit (g)(6) of the Registration Statement on Form N-2 of BlackRock Multi-Sector Income Trust (File No.<U></U>&nbsp;
333-262119) as filed with the SEC on January<U></U>&nbsp;12, 2022</A>.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(e)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99g7.htm">Amendment No.<U></U>&nbsp;
3 to the Amended and Restated Master Advisory Fee Waiver Agreement is incorporated by reference to Exhibit (g)(7) of the Registration Statement on Form N-2 of BlackRock Multi-Sector Income Trust (File No.<U></U>&nbsp;
333-262119) as filed with the SEC on January<U></U>&nbsp;12, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(f)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99g8.htm">Amendment No.<U></U>&nbsp;
4 to the Amended and Restated Master Advisory Fee Waiver Agreement is incorporated by reference to Exhibit (g)(8) of the Registration Statement on Form N-2 of BlackRock Multi-Sector Income Trust (File No.<U></U>&nbsp;
333-262119) as filed with the SEC on January<U></U>&nbsp;12, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(g)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99g9.htm">Form of Amendment No.<U></U>&nbsp;5
 to the Amended and Restated Master Advisory Fee Waiver Agreement is incorporated by reference to Exhibit (g)(9) of the Registration Statement on Form N-2 of BlackRock Multi-Sector Income Trust (File No.<U></U>&nbsp;333-262119) as filed with the SEC
on January<U></U>&nbsp;12, 2022.</A></P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-5 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="89%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(h)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1832871/000119312522204326/d791219dex99g8.htm">Form of Amendment No.<U></U>&nbsp;6
 to Amended and Restated Master Advisory Fee Waiver Agreement is incorporated by reference to Exhibit (g)(8) of the Registration Statement on Form N-2 of BlackRock 2037 Municipal Target Term Trust (File
No.<U></U><FONT STYLE="white-space:nowrap">&nbsp;333-250205)</FONT> as filed with the SEC on July<U></U>&nbsp;28, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(i)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1833936/000119312524185899/d841144dex99g9.htm">Form of Amendment No.<U></U>&nbsp;7
 to Amended and Restated Master Advisory Fee Waiver Agreement is incorporated by reference to Exhibit (g)(9) of Post-Effective Amendment No.<U></U>&nbsp;1 to the Registration Statement on Form N-2 of BlackRock Alpha Strategies Fund (File
No.<U></U>&nbsp;333-273507) as filed with the SEC on July<U></U>&nbsp;26, 2024.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(7)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Not applicable.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(8)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99i.htm">Form of BlackRock Fixed-Income Complex
 Third Amended and Restated Deferred Compensation Plan is incorporated by reference to Exhibit (i)<U></U>&nbsp;of the Registration Statement on Form <FONT STYLE="white-space:nowrap">N-2</FONT> of BlackRock Multi-Sector Income Trust (File No.<U></U><FONT
STYLE="white-space:nowrap">&nbsp;333-262119)</FONT> as filed with the SEC on January<U></U>&nbsp;12, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(9)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99j.htm">Master Custodian Agreement is incorporated
by reference to Exhibit (j)<U></U>&nbsp;of the Registration Statement on Form <FONT STYLE="white-space:nowrap">N-2</FONT> of BlackRock Multi-Sector Income Trust (File No.<U></U><FONT STYLE="white-space:nowrap">&nbsp;333-262119)</FONT> as filed with
the SEC on January<U></U>&nbsp;12, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(10)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Not applicable.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(11)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Opinion and Consent of Special Counsel for the Registrant to be filed by amendment.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(12)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Form of tax opinion of Willkie Farr&nbsp;&amp; Gallagher LLP regarding the merger of BlackRock MuniHoldings New York
Quality Fund, Inc., BlackRock New York Municipal Income Trust and the Registrant to be filed by amendment.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(13)(a)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99k1.htm">Form of Amended and Restated Transfer
Agency and Service Agreement is incorporated by reference to Exhibit (k)(1) of the Registration Statement on Form N-2 of BlackRock Multi-Sector Income Trust (File No.<U></U>&nbsp;333-262119) as filed with the SEC on January<U></U>&nbsp;12, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(b)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1562818/000119312522007562/d282893dex99k2.htm">Form of Administration and Accounting
 Services Agreement is incorporated by reference to Exhibit (k)(2) of the Registration Statement on Form N-2 of BlackRock Multi-Sector Income Trust (File No.<U></U>&nbsp;333-262119) as filed with the SEC on January<U></U>&nbsp;12, 2022.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8201;(c)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1738078/000119312525012849/d901589dex99h13.htm">Form of Eleventh Amended and Restated
 Securities Lending Agency Agreement between the Registrant and BlackRock Investment Management, LLC is incorporated by reference to Exhibit (h)(13) of Post-Effective Amendment No.<U></U>&nbsp;86 to the Registration Statement on Form <FONT
STYLE="white-space:nowrap">N-1A</FONT> of BlackRock Funds V (File No.<U></U>&nbsp;333- 224371) as filed with the SEC on January<U></U>&nbsp;27, 2025.</A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(14)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Consent of the Independent Registered Public Accounting Firm for the Registrant, BlackRock MuniHoldings New York Quality
Fund, Inc. and BlackRock New York Municipal Income Trust to be filed by amendment.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(15)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Not applicable.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(16)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dex9916.htm">Power of Attorney of the Board of Directors is filed herewith. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(17)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dex9917.htm">Form of Proxy Cards for Common Shares of the Funds are filed herewith. </A></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(18)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><A HREF="d61427dexfilingfees.htm">Calculation of Filing Fee Table is filed herewith. </A></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&#8201;17.&#8195;Undertakings </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-6 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(1) The undersigned Registrant agrees that prior to any public reoffering of the securities
registered through the use of a prospectus which is a part of this Registration Statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) of the Securities Act of 1933, as amended [17 CFR 230.145c], the
reoffering prospectus will contain the information called for by the applicable registration form for the reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(2) The undersigned registrant agrees that every prospectus that is filed under paragraph (1)&nbsp;above will be filed as a part of an
amendment to the Registration Statement and will not be used until the amendment is effective, and that, in determining any liability under the Securities Act of 1933, as amended, each post-effective amendment shall be deemed to be a new
registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(3) The undersigned Registrant agrees to file, by post-effective amendment, opinions of counsel supporting the tax consequences of the Mergers
within a reasonably prompt time after receipt of such opinions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-7 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City of New&nbsp;York and the State of New York on the 16th day of July, 2025. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="89%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">BY:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#8195;/s/ JOHN M. PERLOWSKI</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"><B>Name:</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>&#8195;&#8194;John M. Perlowski</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"><B>Title:</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>&#8195;&#8194;President and Chief Executive Officer</B></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed
by the following persons in the capacities indicated and on the 16th day of July, 2025. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="37%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>Signature</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>Title</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:9.5pt; font-family:Times New Roman" ALIGN="center">/s/ JOHN M. PERLOWSKI</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>John M. Perlowski</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Director, President and Chief Executive Officer</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(Principal Executive Officer)</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ T<SMALL>RENT</SMALL> W<SMALL>ALKER</SMALL></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>Trent Walker</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Chief Financial Officer</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(Principal Financial and Accounting Officer)</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">CYNTHIA L. EGAN*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>Cynthia L. Egan</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">LORENZO A. FLORES*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>Lorenzo A. Flores</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">STAYCE D. HARRIS*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>Stayce D. Harris</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">J. PHILLIP HOLLOMAN*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>J. Phillip Holloman</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">R. GLENN HUBBARD*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>R. Glenn Hubbard</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">W. CARL KESTER*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>W. Carl Kester</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">CATHERINE A. LYNCH*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>Catherine A. Lynch</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTHUR P. STEINMETZ*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>Arthur P. Steinmetz</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">ROBERT FAIRBAIRN*</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>Robert Fairbairn</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="10%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="81%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">*By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/&nbsp;J<SMALL>ANEY</SMALL> A<SMALL>HN</SMALL></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>(Janey Ahn, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Attorney-In-Fact)</FONT></FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">&#8195;&#8194;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B></B></P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left" style="font-size:10pt;font-weight:bold"><a href="#toc">Table of Contents</a></h5>


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD WIDTH="91%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:7.5pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&#8195;Exhibit&nbsp;No.&#8195;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:Times New Roman"><B>Description of Exhibit</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(1)(i)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dex991i.htm">Articles of Amendment to the Articles Supplementary Creating Two Series of Auction Market Preferred Stock, dated July 2005 </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(1)(k)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dex991k.htm">Articles of Amendment to Articles of Incorporation, dated September&nbsp;14, 2006 </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(1)(m)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dex991m.htm">Form of Articles of Amendment, effective November&nbsp;9, 2010 </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(1)(u)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dex991u.htm">Articles of Amendment Amending the Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated June&nbsp;15, 2023 </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(1)(v)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dex991v.htm">Articles of Amendment, dated June&nbsp;18, 2024 </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(1)(w)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dex991w.htm">Articles of Amendment, dated June&nbsp;18, 2025 </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(6)(a)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dex996a.htm">Investment Management Agreement between the Registrant and BlackRock Advisers, LLC </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(16)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dex9916.htm">Power of Attorney of the Board of Directors </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(17)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dex9917.htm">Form of Proxy Cards for Common Shares of the Funds</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>(18)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><A HREF="d61427dexfilingfees.htm">Calculation of Filing Fee Table </A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(1)(I)
<SEQUENCE>2
<FILENAME>d61427dex991i.htm
<DESCRIPTION>ARTICLES OF AMENDMENT TO THE ARTICLES
<TEXT>
<HTML><HEAD>
<TITLE>Articles of Amendment to the Articles</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (1)(i) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>MUNIYIELD NEW YORK INSURED FUND, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLES OF AMENDMENT TO THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLES SUPPLEMENTARY CREATING TWO SERIES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF AUCTION MARKET PREFERRED STOCK </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman">MUNIYIELD NEW YORK INSURED FUND, INC., a Maryland corporation, having its principal office in Baltimore, Maryland (the
&#147;Corporation&#148;), does hereby certify to the State Department of Assessments and Taxation of Maryland that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman">FIRST: Section S(c)
of the Articles Supplementary of the Corporation creating two series of Auction Market Preferred Stock (&#147;AMPS&#148;) designated as Series A and Series B, filed on April&nbsp;7, 1992 and Section5(c) of the Articles Supplementary, filed on
December&nbsp;1, 1994, each as amended by the Articles of Amendment to the Articles Supplementary, filed on December&nbsp;1, 1994, are hereby amended in their entirety to read as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman">&#147;<U>Right to Vote with Respect to Certain Other Matters.</U> So long as any shares of AMPS are outstanding, the Corporation shall not,
without the affirmative vote of the holders of a majority of the shares of the Preferred Stock Outstanding at the time, voting separately as one class: (i)&nbsp;authorize, create or issue any class or series of stock ranking prior to the AMPS or any
other series of Preferred Stock with respect to payment of dividends or the distribution of assets on liquidation or (ii)&nbsp;amend, alter or repeal the provisions of the Charter, whether by merger, consolidation or otherwise, so as to adversely
affect any of the contract rights expressly set forth in the Charter of holders of shares of AMPS or any other Preferred Stock. To the extent permitted under the 1940 Act in the event shares of more than one series of AMPS are outstanding, the
Corporation shall not approve any of the actions set forth in clause (i)&nbsp;or (ii) which adversely affects the contract rights expressly set forth in the Charter of a Holder of shares of a series of AMPS differently than those of a Holder of
shares of any other series of AMPS without the affirmative vote of the holders of at least a majority of the shares of AMPS of each series adversely affected and outstanding at such time (each such adversely affected series voting separately as a
class). The Corporation shall notify Moody&#146;s and S&amp;P 10 Business Days prior to any such vote described in clause (i)&nbsp;or (ii). Unless a higher percentage is provided for under the Charter, the affirmative vote of the holders of a
majority of the outstanding shares of Preferred Stock, including AMPS, voting together as a single class, will be required to approve any plan of reorganization (including bankruptcy proceedings) adversely affecting such shares or any action
requiring a vote of security holders under Section&nbsp;13(a) of the 1940 Act. The class vote of holders of shares of Preferred Stock, including AMPS, described above will in each case be in addition to a separate vote of the requisite percentage of
shares of Common Stock and shares of Preferred Stock. including AMPS, voting together as a single class necessary to authorize the action in question.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman">SECOND: These Articles of Amendment were approved by the entire Board of Directors of the Corporation and by a majority of the outstanding
Shares of Common Stock and AMPS, voting together as a single class, and a majority of the outstanding AMPS, voting separately as a class. </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman">THIRD: The authorized capital stock of the Corporation has not been increased by these
Articles of Amendment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman">FOURTH: No other change is intended or effected. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman">IN WITNESS WHEREOF, MUNIYIELD NEW YORK INSURED FUND, INC. has caused these Articles of Amendment to be signed in its name and on its behalf by
its Vice President and attested by its Assistant Secretary on the <U>&#8195;&#8195;&#8195;</U> day of July, 2005. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="8%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="91%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">MUNIYIELD NEW YORK</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">INSURED FUND, INC.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><U>/s/ Donald C. Burke</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Donald C. Burke, Vice President</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Attest: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><U>/s/ Brian D. Stewart </U></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Brian D. Stewart, Assistant
Secretary </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman">THE UNDERSIGNED, Vice President of MUNIYIELD NEW YORK INSURED FUND, INC. who executed on behalf of said Corporation the
foregoing Articles of Amendment, of which this certificate is made a part, hereby acknowledges, in the name and on behalf of said Corporation, the foregoing Articles of Amendment to be the corporate act of said Corporation and further certifies
that, to the best of his knowledge, information and belief, the matters and facts set forth therein with respect to the authorization and approval thereof are true in all material respects, and that this statement is made under penalties for
perjury. </P> <P STYLE="font-size:30pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><U>/s/ Donald C. Burke</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Donald C. Burke, Vice President</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-&#8201;2&#8201;- </P>

</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(1)(K)
<SEQUENCE>3
<FILENAME>d61427dex991k.htm
<DESCRIPTION>ARTICLES OF AMENDMENT TO ARTICLES OF INCORPORATION
<TEXT>
<HTML><HEAD>
<TITLE>Articles of Amendment to Articles of Incorporation</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (1)(k) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>MUNIYIELD NEW YORK INSURED FUND, INC </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLES OF AMENDMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">MUNIYIELD NEW YORK INSURED FUND, INC., a Maryland corporation (the &#147;Corporation&#148;), does hereby certify to the State
Department of Assessments and Taxation of Maryland that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>FIRST</B>:&#8195;&#8195;The name of the corporation is
MUNIYIELD NEW YORK INSURED FUND, INC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>SECOND</B>:&#8194;&#8195;The charter of the Corporation is hereby amended by
deleting Article II thereof in its entirety and inserting the following in lieu thereof: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE II </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><U>NAME </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The
name of the Corporation is </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>THIRD</B>:&#8195;&#8195;These Articles of Amendment have been approved by a majority of the entire Board of Directors of
the Corporation and are limited to a change expressly authorized by <FONT STYLE="white-space:nowrap">Section&nbsp;2-605</FONT> of the Maryland General Corporation Law and therefore made without action by the stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>FOURTH</B>:&#8195;&#8195;The authorized capital stock of the Corporation has not been increased by these Articles of
Amendment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>FIFTH</B>:&#8195;&#8195;As amended hereby, the Corporation&#146;s charter shall remain in full force and
effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>SIXTH</B>:&#8195;&#8195;These Articles of Amendment shall be effective as of the 29<SUP
STYLE="font-size:75%; vertical-align:top">th</SUP> day of September, 2006. </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">IN WITNESS WHEREOF, MUNIYIELD NEW YORK INSURED FUND, INC. has caused these
presents to be signed in its name and on its behalf by its Vice President and witnessed by its Secretary as of the 14<SUP STYLE="font-size:75%; vertical-align:top">th</SUP> day of September, 2006. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="50%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" COLSPAN="3">MUNIYIELD&nbsp;NEW&nbsp;YORK&nbsp;INSURED&nbsp;FUND,&nbsp;INC.</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="50%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="6%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="43"></TD>
<TD HEIGHT="43" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><U>/s/ Donald C. Burke</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Donald C. Burke, Vice President</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Witness: </P> <P STYLE="font-size:32pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="8%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="91%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><U>/s/ Alice A. Pellegrino</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Alice A. Pellegrino, Secretary</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">THE UNDERSIGNED, Vice President of the Corporation, who executed on behalf of the Corporation
the foregoing Articles of Amendment of which this certificate is made a part, hereby acknowledges in the name and on behalf of the Corporation the foregoing Articles of Amendment to the corporate at of the Corporation and further certifies as to all
of the matters and facts required to be verified under oath, that to the best of his knowledge, information and belief, the matters and facts set herein are true in all material respects, under the penalties of perjury. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="8%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="91%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><U>/s/ Donald C. Burke</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Donald C. Burke, Vice President</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(1)(M)
<SEQUENCE>4
<FILENAME>d61427dex991m.htm
<DESCRIPTION>ARTICLES OF AMENDMENT, EFFECTIVE NOVEMBER 9, 2010
<TEXT>
<HTML><HEAD>
<TITLE>Articles of Amendment, effective November 9, 2010</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (1)(m) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLES OF AMENDMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">BlackRock MuniYield New York Insured Fund, Inc., a Maryland corporation, hereby certifies to the State Department of
Assessments and Taxation of Maryland that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">FIRST:&#8195;&#8195;The name of the Corporation is BlackRock MuniYield New
York Insured Fund Inc. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">SECOND:&#8194;&#8195;The charter of the Corporation is hereby amended by deleting Article I
thereof in its entirety and inserting in lieu thereof: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><U>NAME </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The
name of the corporation is BlackRock MuniYield New York Quality Fund, Inc. (the &#147;Corporation&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">THIRD:&#8195;&#8195;This amendment of the charter of the Corporation has been approved by a majority of the entire Board of
Directors of the Corporation and is limited to a change expressly authorized by <FONT STYLE="white-space:nowrap">Section&nbsp;2-605</FONT> of the Maryland General Corporation Law and therefore made without action by the stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">FOURTH:&#8195;The authorized capital stock of the Corporation has not been increased by this amendment of the charter of the
Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">FIFTH:&#8195;&#8195;As amendment hereby, the Corporation&#146;s charter shall remain in full force and
effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">SIXTH:&#8195;&#8195;This amendment of the charter of the Corporation shall be effective as of the 9<SUP
STYLE="font-size:75%; vertical-align:top">th</SUP> day of November 2010. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">We the undersigned Vice President and Assistant
Secretary swear under penalties of perjury that the foregoing is a corporate act. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" ALIGN="center"><U>&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</U></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><U>&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center">Assistant Secretary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Vice President</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Return address of filing party: </P>
</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(1)(U)
<SEQUENCE>5
<FILENAME>d61427dex991u.htm
<DESCRIPTION>ARTICLES OF AMENDMENT AMENDING THE ARTICLES
<TEXT>
<HTML><HEAD>
<TITLE>Articles of Amendment Amending the Articles</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (1)(u) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLES OF AMENDMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>AMENDING THE ARTICLES SUPPLEMENTARY ESTABLISHING </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>AND FIXING THE RIGHTS AND PREFERENCES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF VARIABLE RATE DEMAND PREFERRED SHARES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">This is to certify that: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>First:</U>&#8195;&#8195;The charter of BlackRock MuniYield New York Quality Fund, Inc., a Maryland corporation (the
&#147;<B>Corporation</B>&#148;),<B> </B>is amended by these Articles of Amendment, which amend the Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated as of April&nbsp;20, 2011
(as amended to date, the &#147;<B>Articles Supplementary</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Second:</U>&#8194;&#8195;Appendix A to the
Articles Supplementary is hereby amended pursuant to Appendix A attached hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Third:</U>&#8195;&#8195;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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Fourth:</U>&#8195;&#8195;As amended hereby, the charter of the
Corporation shall remain in full force and effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Fifth:</U>&#8195;&#8195;These Articles of Amendment shall be
effective as of June&nbsp;16, 2023. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Signature Page Follows] </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>IN WITNESS WHEREOF</B>, BlackRock MuniYield New York Quality Fund, Inc.
has caused these Articles of Amendment to be signed as of June&nbsp;15, 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&#146;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. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">BLACKROCK MUNIYIELD NEW YORK</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">QUALITY FUND, INC.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By:&#8195;<U>/s/ Jonathan Diorio </U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Name:&#8195;Jonathan Diorio</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Title:&#8194;Vice President</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">ATTEST: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><U>/s/ Janey Ahn </U></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Name:&#8194;Janey Ahn </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Title:&#8194;Secretary </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>APPENDIX A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Attached] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(THE &#147;FUND&#148;) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SERIES <FONT STYLE="white-space:nowrap">W-7</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>VARIABLE RATE DEMAND PREFERRED SHARES (&#147;VRDP SHARES&#148;) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CUSIP No. 09255E805* </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Amendment to Notice of Special Rate Period </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:68%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">June&nbsp;16, 2023 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:68%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">BlackRock MuniYield New York </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:68%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">Quality Fund, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:68%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">100 Bellevue Parkway </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:68%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">Wilmington, Delaware 19809 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>To:&#8194;</B>Addressees listed on Schedule 1 hereto </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">In accordance with the Fund&#146;s Articles Supplementary Establishing and Fixing the Rights and Preferences of VRDP Shares,
dated April&nbsp;20, 2011 (the <B>&#147;Articles Supplementary&#148;</B>),<B> </B>the Fund hereby notifies the Liquidity Provider, the Remarketing Agent and the Holders of the VRDP Shares of certain amendments to the Notice of Special Rate Period,
dated June&nbsp;17, 2022 (the <B>&#147;Notice of Special Rate Period&#148;</B>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">As of June&nbsp;16, 2023, the definition
of <B>&#147;Ratings Spread&#148; </B>in the Notice of Special Rate Period is hereby deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>&#147;Ratings Spread&#148; </B>means, with respect to an SRP Calculation Period, the percentage per annum set forth below
opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below <FONT STYLE="white-space:nowrap">A3/A-,</FONT> in which case the Ratings Spread shall mean the percentage per annum set forth
below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody&#146;s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation
Period: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="66.4%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt"><B>Moody&#146;s/Fitch</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><B>Percentage</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="white-space:nowrap">Aa3/AA-</FONT> to Aal/AA+</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.87%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="white-space:nowrap">A3/A-to</FONT> Al/A+</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">1.60%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="white-space:nowrap">Baa3/BBB-</FONT> to Baal/BBB+</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2.35%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-investment</FONT> grade or</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">Unrated</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">3.35%</TD></TR>
</TABLE> <P STYLE="font-size:130pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:32%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">* NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible for the selection or use of the CUSIP Numbers selected, nor is
any representation made as to its correctness indicated in any notice or as printed on any VRDP Share certificate. It is included solely as a convenience to Holders of VRDP Shares. </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:16%; margin-right:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">* The applicable spread is determined by the higher of
the two credit ratings assigned to the VRDP Shares by Moody&#146;s and Fitch, unless the VRDP Shares are rated at or below <FONT STYLE="white-space:nowrap">A3/A-,</FONT> in which case the applicable spread will be based on the lower of the two
credit ratings assigned to the VRDP Shares by Moody&#146;s and Fitch. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Capitalized terms used but not defined in this
Amendment to Notice of Special Rate Period shall have the meanings given to such terms in the Articles Supplementary and the Notice of Special Rate Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Signature Page Follows] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">IN WITNESS WHEREOF, I have signed this Amendment to the Notice of Special Rate Period as of
the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>BLACKROCK&nbsp;MUNIYIELD&nbsp;NEW&nbsp;YORK</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>QUALITY FUND, INC.</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By:&#8195;<U>/s/ Jonathan Diorio </U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Name:&#8195;Jonathan Diorio</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Title:&#8194;Vice President</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Signature Page &#150;
MYN Amendments to Notice of Special Rate Period] </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><U>Schedule 1 </U></B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Recipients of this Notice of Special Rate Period </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">The Toronto-Dominion Bank, acting through its New York Branch </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">1
Vanderbilt Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">New York, New York 10017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Attention: Rick
Fogliano, Head of Municipal Products </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Telephone: (212) <FONT STYLE="white-space:nowrap">827-7172</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Fax: (212) <FONT STYLE="white-space:nowrap">827-7173</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Email: fundreporting@tdsecurities.com, muniops@tdsecurities.com, TDSFinance -NewYork@tdsecurities.com and td.tdusamunis@tdsecurities.com </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">TD Securities (USA) LLC </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">1 Vanderbilt Avenue </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">New York, New York 10017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Attention: Rick Fogliano, Head of
Municipal Products </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Telephone: (212) <FONT STYLE="white-space:nowrap">827-7172</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Fax: (212) <FONT STYLE="white-space:nowrap">827-7173</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Email: fundreporting@tdsecurities.com, muniops@tdsecurities.com and TDSFinance&nbsp;-NewYork@tdsecurities.com and td.tdusamunis@tdsecurities.com </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">The Depository Trust Company </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">LensNotice@dtcc.com </P>
</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(1)(V)
<SEQUENCE>6
<FILENAME>d61427dex991v.htm
<DESCRIPTION>ARTICLES OF AMENDMENT, DATED JUNE 18, 2024
<TEXT>
<HTML><HEAD>
<TITLE>Articles of Amendment, dated June 18, 2024</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (1)(v) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLES OF AMENDMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">This is to certify that: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>First:</U>&#8195;&#8195;The charter of BlackRock MuniYield New York Quality Fund, Inc., a Maryland corporation (the
&#147;<B>Corporation</B>&#148;), is amended by these Articles of Amendment, which amend the section of the charter titled Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated as of
April&nbsp;20, 2011 (as amended to date, the &#147;<B>Articles Supplementary</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Second:</U>&#8194;&#8195;Appendix A to the Articles Supplementary is hereby amended pursuant to Appendix A attached hereto.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Third:</U>&#8195;&#8195;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. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Fourth:</U>&#8195;&#8195;As amended hereby, the charter of the Corporation shall remain in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Fifth:</U>&#8195;&#8195;These Articles of Amendment shall be effective as of June&nbsp;18, 2024. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Signature Page Follows] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>IN WITNESS WHEREOF</B>, BlackRock MuniYield New York Quality Fund, Inc.
has caused these Articles of Amendment to be signed as of June&nbsp;18, 2024, 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&#146;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. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">BLACKROCK&nbsp;MUNIYIELD&nbsp;NEW&nbsp;YORK</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">QUALITY FUND, INC.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By:&#8195;<U>/s/ Jonathan Diorio</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Name:&#8195;Jonathan Diorio</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Title:&#8194;Vice President</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">ATTEST: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>/s/ Janey Ahn</U> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Name:
Janey Ahn </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Title: Secretary </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>APPENDIX A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Attached] </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(THE &#147;FUND&#148;) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SERIES <FONT STYLE="white-space:nowrap">W-7</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>VARIABLE RATE DEMAND PREFERRED SHARES (&#147;VRDP SHARES&#148;) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CUSIP No. 09255E805* </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Amendment to Notice of Special Rate Period </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">June&nbsp;18, 2024 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">BlackRock MuniYield New York </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">Quality Fund, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">100 Bellevue Parkway </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">Wilmington, Delaware 19809 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>To:&#8194;</B>Addressees listed on Schedule 1 hereto </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">In accordance with the Fund&#146;s Articles Supplementary Establishing and Fixing the Rights and Preferences of VRDP Shares,
dated April&nbsp;20, 2011 (the <B>&#147;Articles Supplementary&#148;</B>),<B> </B>the Fund hereby notifies the Liquidity Provider, the Remarketing Agent and the Holders of the VRDP Shares of certain amendments to the Notice of Special Rate Period,
dated June&nbsp;17, 2022 (the <B>&#147;Notice of Special Rate Period&#148;</B>)<B>.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">As of June&nbsp;18, 2024, the
definition of <B>&#147;Ratings Spread&#148; </B>in the Notice of Special Rate Period is hereby deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>&#147;Ratings Spread&#148; </B>means, with respect to an SRP Calculation Period, the percentage per annum set forth below
opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below <FONT STYLE="white-space:nowrap">A3/A-,</FONT> in which case the Ratings Spread shall mean the percentage per annum set forth
below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody&#146;s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation
Period: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="66.4%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt"><B>Moody&#146;s/Fitch</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><B>Percentage</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="white-space:nowrap">Aa3/AA-</FONT> to Aal/AA+</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.90%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="white-space:nowrap">A3/A-to</FONT> Al/A+</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">1.60%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="white-space:nowrap">Baa3/BBB-</FONT> to Baal/BBB+</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2.35%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-investment</FONT> grade or</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">Unrated</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">3.35%</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:32%">&nbsp;</DIV>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">*NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible for the selection or use of the CUSIP Numbers selected, nor is any
representation made as to its correctness indicated in any notice or as printed on any VRDP Share certificate. It is included solely as a convenience to Holders of VRDP Shares. </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:16%; margin-right:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">* The applicable spread is determined by the higher of
the two credit ratings assigned to the VRDP Shares by Moody&#146;s and Fitch, unless the VRDP Shares are rated at or below <FONT STYLE="white-space:nowrap">A3/A-,</FONT> in which case the applicable spread will be based on the lower of the two
credit ratings assigned to the VRDP Shares by Moody&#146;s and Fitch. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Capitalized terms used but not defined in this
Amendment to Notice of Special Rate Period shall have the meanings given to such terms in the Articles Supplementary and the Notice of Special Rate Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Signature Page Follows] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">IN WITNESS WHEREOF, I have signed this Amendment to the Notice of Special
Rate Period as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="43%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>BLACKROCK&nbsp;MUNIYIELD&nbsp;NEW&nbsp;YORK</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>QUALITY FUND, INC.</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By:&#8195;<U>/s/ Jonathan Diorio </U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Name:&#8195;Jonathan Diorio</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Title:&#8194;Vice President</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Signature Page - MYN Amendment to Notice of Special Rate Period] </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B><U>Schedule 1 </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Recipients of this Notice of Special Rate Period </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">The Toronto-Dominion Bank, acting through its New York Branch </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">1
Vanderbilt Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">New York, New York 10017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Attention: Rick
Fogliano, Head of Municipal Products </P> <P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">TD Securities (USA) LLC </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">1 Vanderbilt Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">New York, New York 10017 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Attention: Rick Fogliano, Head of Municipal Products </P>
</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(1)(W)
<SEQUENCE>7
<FILENAME>d61427dex991w.htm
<DESCRIPTION>ARTICLES OF AMENDMENT, DATED JUNE 18, 2025
<TEXT>
<HTML><HEAD>
<TITLE>Articles of Amendment, dated June 18, 2025</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (1)(w) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLES OF AMENDMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">This is to certify that: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>First</U>&#8195;&#8195;The charter of BlackRock MuniYield New York Quality Fund, Inc., a Maryland corporation (the
<B>&#147;Corporation&#148;</B>),<B> </B>is amended by these Articles of Amendment, which amend the section of the charter titled Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares,
dated as of April&nbsp;20, 2011 (as amended to date, the <B>&#147;Articles Supplementary&#148;</B>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Second:</U>&#8195;&#8195;Appendix A to the Articles Supplementary is hereby amended pursuant to Appendix A attached hereto.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Third:</U>&#8195;&#8195;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. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Fourth:</U>&#8195;&#8195;As amended hereby, the charter of the Corporation shall remain in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Fifth:</U>&#8195;&#8195;These Articles of Amendment shall be effective as of June&nbsp;18, 2025. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Signature Page Follows] </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>IN WITNESS WHEREOF, </B>BlackRock MuniYield New York Quality Fund, Inc.
has caused these Articles of Amendment to be signed as of June 18, 2025, 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&#146;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. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="6%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">BLACKROCK&nbsp;MUNIYIELD&nbsp;NEW&nbsp;YORK</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">QUALITY FIND, INC.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="68" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By: <U>/s/ Stephen Minar</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">&#8195;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Name: Stephen Minar</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Title: Vice President</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">ATTEST: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">By: <U>/s/ Janey Ahn </U> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">&#8195;&#8199;Name: Janey Ahn </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">&#8199;&#8195;Title: Secretary </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>APPENDIX A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Attached] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-3- </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(THE &#147;FUND&#148;) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SERIES <FONT STYLE="white-space:nowrap">W-7</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>VARIABLE RATE DEMAND PREFERRED SHARES (&#147;VRDP SHARES&#148;) CUSIP No. 09255E805* </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Amendment to Notice of Special Rate Period </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">June 18, 2025 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">BlackRock MuniYield New York </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">Quality Fund, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">100 Bellevue Parkway </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:12pt; font-family:Times New Roman">Wilmington, Delaware 19809 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>To:&#8194;</B>Addressees listed on Schedule 1 hereto </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">In accordance with the Fund&#146;s Articles Supplementary Establishing and Fixing the Rights and Preferences of VRDP Shares,
dated April 20, 2011 (the <B>&#147;Articles Supplementary&#148;</B>),<B> </B>the Fund hereby notifies the Liquidity Provider, the Remarketing Agent and the Holders of the VRDP Shares of certain amendments to the Notice of Special Rate Period, dated
June 17, 2022 (the <B>&#147;Notice of Special Rate Period&#148;</B>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">As of June 18, 2025, the definition of
<B>&#147;Ratings Spread&#148; </B>in the Notice of Special Rate Period is hereby deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>&#147;Ratings Spread&#148; </B>means, with respect to an SRP Calculation Period, the percentage per annum set forth below
opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below <FONT STYLE="white-space:nowrap">A3/A-,</FONT> in which case the Ratings Spread shall mean the percentage per annum set forth
below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody&#146;s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation
Period: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="66.4%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt"><B>Moody&#146;s/Fitch</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><B>Percentage</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="white-space:nowrap">Aa3/AA-</FONT> to Aal/AA+</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.95%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="white-space:nowrap">A3/A-</FONT> to Al/A+</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">1.65%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><FONT STYLE="white-space:nowrap">Baa3/BBB-</FONT> to Baal/BBB+</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2.40%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-investment</FONT> grade or</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">Unrated</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">3.40%</TD></TR>
</TABLE> <P STYLE="font-size:140pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:32%">&nbsp;</DIV>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">* NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible for the selection or use of the CUSIP Numbers selected, nor is
any representation made as to its correctness indicated in any notice or as printed on any VRDP Share certificate. It is included solely as a convenience to Holders of VRDP Shares. </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; margin-right:6%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">*The applicable spread is determined by the higher of the
two credit ratings assigned to the VRDP Shares by Moody&#146;s and Fitch, unless the VRDP Shares are rated at or below <FONT STYLE="white-space:nowrap">A3/A-,</FONT> in which case the applicable spread will be based on the lower of the two credit
ratings assigned to the VRDP Shares by Moody&#146;s and Fitch. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Capitalized terms used but not defined in this Amendment
to Notice of Special Rate Period shall have the meanings given to such terms in the Articles Supplementary and the Notice of Special Rate Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Signature Page Follows] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:5%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">IN WITNESS WHEREOF, I have signed this Amendment to the
Notice of Special Rate Period as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt">


<TR>

<TD WIDTH="6%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">BLACKROCK&nbsp;MUNIYIELD&nbsp;NEW&nbsp;YORK</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">QUALITY FUND, INC.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="68" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="bottom" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">By: <U>/s/ Stephen Minar</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">&#8195;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Name: Stephen Minar</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt">Title: Vice President</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Page &#150;
MYN Amendment to Notice of Special Rate Period] </P>

</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B><U>Schedule 1 </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Recipients of this Notice of Special Rate Period </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Toronto-Dominion Bank, acting through its New York Branch </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">1 Vanderbilt Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">New York,
New York 10017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Attention: Rick Fogliano, Head of Municipal Products </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">TD Securities (USA) LLC </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">1
Vanderbilt Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">New York, New York 10017 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Attention: Rick Fogliano, Head of Municipal Products </P>
<P STYLE="margin-top:48pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">The Depository Trust Company </P>
</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(6)(A)
<SEQUENCE>8
<FILENAME>d61427dex996a.htm
<DESCRIPTION>INVESTMENT MANAGEMENT AGREEMENT BETWEEN THE REGISTRANT AND BLACKROCK ADVISERS
<TEXT>
<HTML><HEAD>
<TITLE>Investment Management Agreement between the Registrant and BlackRock Advisers</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (6)(a) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">INVESTMENT MANAGEMENT AGREEMENT </P>
<P STYLE="margin-top:36pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">AGREEMENT, dated September 29, 2006, between BlackRock MuniYield New York Insured Fund, Inc. (the &#147;Fund&#148;), a
Maryland corporation, and BlackRock Advisors, LLC (the &#147;Advisor&#148;), a Delaware limited liability company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Advisor has agreed to furnish investment advisory services to the Fund, a
<FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company registered under the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, this Agreement has been approved in accordance with the provisions of the 1940 Act, and the Advisor is willing to
furnish such services upon the terms and conditions herein set forth; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">NOW, THEREFORE, in consideration of the mutual
premises and covenants herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed by and between the parties hereto as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">1.&#8195;&#8195;<U>In General.</U> The Advisor agrees, all as more fully set forth herein, to act as investment advisor to the
Fund with respect to the investment of the Fund&#146;s assets and to supervise and arrange for the day to day operations of the Fund and the purchase of securities for and the sale of securities held in the investment portfolio of the Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">2.&#8195;&#8195;Duties and Obligations of the Advisor with Respect to Investment of Assets of the Fund. Subject to the
succeeding provisions of this section and subject to the direction and control of the Fund&#146;s Board of Directors, the Advisor shall (i)&nbsp;act as investment advisor for and supervise and manage the investment and reinvestment of the
Fund&#146;s assets and in connection therewith have complete discretion in purchasing and selling securities and other asset, for the Fund and in voting, exercising consents and exercising all other rights appertaining to such securities and other
assets on behalf of the Fund; (ii)&nbsp;supervise continuously the investment program of the Fund and the composition of its investment portfolio; (iii)&nbsp;arrange, subject to the provisions of paragraph 4 hereof; for the purchase and sale of
securities and other assets held in the investment portfolio of the Fund; and (iv)&nbsp;provide investment research to the Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">3.&#8195;&#8195;Duties and Obligations of Advisor with Respect to the Administration of the Fund. The Advisor also agrees to
furnish office facilities and equipment and clerical, bookkeeping and administrative services (other than such services, if any, provided by the Fund&#146;s Custodian, Transfer Agent and Dividend Disbursing Agent and other service providers) for the
Fund. To the extent requested by the Fund, the Advisor agrees to provide the following administrative services: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&#8195;&#8195;Oversee the determination and publication of the Fund&#146;s net asset value in accordance with the
Fund&#146;s policy as adopted from time to time by the Board of Directors; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;Oversee the maintenance by
the Fund&#146;s Custodian and Transfer Agent and Dividend Disbursing Agent of certain books and records of the Fund as required under Rule 31a1(b)(4) of the 1940 Act and maintain (or oversee maintenance by such other persons as approved by the Board
of Directors) such other books and records required by law or for the proper operation of the Fund; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;Oversee the preparation and filing of the Fund&#146;s federal, state and local income tax returns and any
other required tax returns; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(d)&#8195;&#8195;Review the appropriateness of and arrange for payment of the Fund&#146;s
expenses; </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(e)&#8195;&#8195;Prepare for review and approval by officers of the Fund
financial information for the Fund&#146;s semiannual and annual reports, proxy statements and other communications with shareholders required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such
reports and communications to shareholders; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(f)&#8195;&#8195;Prepare for review by an officer of the Fund the
Fund&#146;s periodic financial reports required to be filed with the Securities and Exchange Commission (&#147;SEC&#148;) on Form NSAR, Form NCSR, Form NPX, Form NQ, and such other reports, forms and filings, as may be mutually agreed upon; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(g)&#8195;&#8195;Prepare such reports relating to the business and affairs of the Fund as may be mutually agreed upon and not
otherwise appropriately prepared by the Fund&#146;s custodian, counsel or auditors; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(h)&#8195;&#8195;Prepare such
information and reports as may be required by any stock exchange or exchanges on which the Fund&#146;s shares are listed; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&#8195;&#8195;Make such reports and recommendations to the Board of Directors concerning the performance of the
independent accountants as the Board of Directors may reasonably request or deems appropriate; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(j)&#8195;&#8195;Make
such reports and recommendations to the Board of Directors concerning the performance and fees of the Fund&#146;s Custodian and Transfer and Dividend Disbursing Agent as the Board of Directors may reasonably request or deems appropriate; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(k)&#8195;&#8195;Oversee and review calculations of fees paid to the Fund&#146;s service providers; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(l)&#8195;&#8195;Oversee the Fund&#146;s portfolio and perform necessary calculations as required under Section&nbsp;18 of
the 1940 Act; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(m)&#8195;&#8195;Consult with the Fund&#146;s officers, independent accountants, legal counsel, custodian,
accounting agent and transfer and dividend disbursing agent in establishing the accounting policies of the Fund and monitor financial and shareholder accounting services; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(n)&#8195;&#8195;Review implementation of any share purchase programs authorized by the Board of Directors; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(o)&#8195;&#8195;Determine the amounts available for distribution as dividends and distribution, to be paid by the Fund to
its shareholders; prepare and arrange for the printing of dividend notices to shareholders; and provide the Fund&#146;s dividend disbursing agent and custodian with such information as is required for such parties to effect the payment of dividends
and distributions and to implement the Fund&#146;s dividend reinvestment plan; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(p)&#8195;&#8195;Prepare such information
and reports as may be required by any banks from which the Fund borrows funds; </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(q)&#8195;&#8195;Provide such assistance to the Custodian and the
Fund&#146;s counsel and auditors as generally may be required to properly carry on the business and operations of the Fund; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(r)&#8195;&#8195;Assist in the preparation and filing of Forms 3, 4, and 5 pursuant to Section&nbsp;16 of the Securities
Exchange Act of 1934, as amended, and Section&nbsp;30(h) of the 1940 Act for the officers and Directors of the Fund, such filings to be based on information provided by those persons; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(s)&#8195;&#8195;Respond to or refer to the Fund&#146;s officers or transfer agent, shareholder (including any potential
shareholder) inquiries relating to the Fund; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(t)&#8195;&#8195;Supervise any other aspects of the Fund&#146;s
administration as may be agreed to by the Fund and the Advisor; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">All services are to be furnished through the medium
of any directors, officers or<B> </B>employees of the Advisor or its affiliates as the Advisor deems appropriate in order to fulfill its obligations hereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Fund will reimburse the Advisor or its affiliates for all out of pocket expenses incurred by them in connection with the
performance of the administrative services described in this paragraph 3. The Fund will reimburse the Advisor and its affiliates for their costs in providing accounting services to the Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">4.&#8195;&#8195;<U>Covenants.</U> (a)&nbsp;In the performance of its duties under this Agreement, the Advisor shall at all
times conform to, and act in accordance with, any requirements imposed by: (i)&nbsp;the provisions of the 1940 Act and the Investment Advisers Act of 1940, as amended, and all applicable Rules and Regulations of the Securities and Exchange
Commission; (ii)&nbsp;any other applicable provision of law; (iii)&nbsp;the provisions of the Charter and By Laws of the Fund, as such documents are amended from time to time; (iv)&nbsp;the investment objectives and policies of the Fund as set forth
in its Registration Statement on Form <FONT STYLE="white-space:nowrap">N-2</FONT> and/or the resolutions of the Board of Directors; and (v)&nbsp;any policies and determinations of the Board of Directors of the Fund and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;In addition, the Advisor will: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(i)&#8195;&#8195;place orders either directly with the issuer or with any broker or dealer. Subject to the other provisions
of this paragraph, in placing orders with brokers and dealers, the Advisor will attempt to obtain the best price and the most favorable execution of its orders. In placing orders, the Advisor will consider the experience and skill of the firm&#146;s
securities traders as well as the firm&#146;s financial responsibility and administrative efficiency. Consistent with this obligation, the Advisor may select brokers on the basis of the research, statistical and pricing services they provide to the
Fund and other clients of the Advisor. Information and research received from such brokers will be in addition to, and not in lieu of, the services required to be performed by the Advisor hereunder. A commission paid to such brokers may be higher
than that which another qualified broker would have charged for effecting the same transaction, provided that the Advisor determines in good faith that such commission is reasonable in terms either of the transaction or the overall responsibility of
the Advisor to the Fund and its other clients and that the total commissions paid by the Fund will be reasonable in relation to the benefits to the Fund over the long term. Subject to the foregoing and the provisions of the 1940 Act, the Securities
Exchange Act of 1934, as amended, and other applicable provisions of law, the Advisor may select brokers and dealers with which it or the Fund is affiliated; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(ii)&#8195;&#8195;maintain a policy and practice of conducting its investment advisory services hereunder independently of
the commercial banking operations of its affiliates. When the Advisor makes investment recommendations for the Fund, its investment advisory personnel will not inquire or take into consideration whether the issuer of securities proposed for purchase
or sale for the Fund&#146;s account are customers of the commercial department of its affiliates; and </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(iii)&#8195;&#8195;treat confidentially and as proprietary information of
the Fund all records and other information relative to the Fund, and the Fund&#146;s prior, current or potential shareholders, and will not use such records and information for any purpose other than performance of its responsibilities and duties
hereunder, except after prior notification to and approval in writing by the Fund, which approval shall not be unreasonably withheld and may not be withheld where the Advisor may be exposed to civil or criminal contempt proceedings for failure to
comply, when requested to divulge such information by duly constituted authorities, or when so requested by the Fund. </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">5.&#8195;&#8195;Services Not Exclusive. Nothing in this Agreement shall prevent the Advisor or any officer, employee or other
affiliate thereof from acting as investment advisor for any other person, firm or corporation, or from engaging in any other lawful activity, and shall not in any way limit or restrict the Advisor or any of its officers, employees or agents from
buying, selling or trading any securities for its or their own accounts or for the accounts of others for whom it or they may be acting; provided, however, that the Advisor will undertake no activities which, in its judgment, will adversely affect
the performance of its obligations under this Agreement. </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><FONT STYLE="white-space:nowrap">6.&#8195;&#8195;Sub-Advisors.</FONT> The Advisor may from time to time, in its sole
discretion to the extent permitted by applicable law, appoint one or more <FONT STYLE="white-space:nowrap">sub-advisors,</FONT> including, without limitation, affiliates of the Advisor, to perform investment advisory services with respect to the
Fund. The Advisor may terminate any or all <FONT STYLE="white-space:nowrap">sub-advisors</FONT> in its sole discretion at any time to the extent permitted by applicable law. </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">7.&#8195;&#8195;Books and Records. In compliance with the requirements of Rule 3 <FONT STYLE="white-space:nowrap">la-3</FONT>
under the 1940 Act, the Advisor hereby agrees that all records which it maintains for the Fund are the property of the Fund and further agrees to surrender promptly to the Fund any such records upon the Fund&#146;s request. The Advisor further
agrees to preserve for the periods prescribed by Rule <FONT STYLE="white-space:nowrap">3la-2</FONT> under the 1940 Act the records required to be maintained by Rule <FONT STYLE="white-space:nowrap">31a-1</FONT> under the 1940 Act. </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">8.&#8195;&#8195;<U>Expenses.</U> During the term of this Agreement, the Advisor will bear all costs and expenses of its
employees and any overhead incurred in connection with its duties hereunder and shall bear the costs of any salaries or directors&#146; fees of any officers or directors of the Fund who are affiliated persons (as defined in the 1940 Act) of the
Advisor; provided that the Board of Directors of the Fund may approve reimbursement to the Advisor of the pro rata portion of the salaries, bonuses, health insurance, retirement benefits and all similar employment costs for the time spent on Fund
operations, (including, without limitation, compliance matters) (other than the provision of investment advice and administrative services required to be provided hereunder) of all personnel employed by the Advisor who devote substantial time to
Fund operations or the operations of other investment companies advised by the Advisor. </P> <P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">9.&#8195;&#8195;Compensation of
the Advisor. (a)&nbsp;The Fund agrees to pay to the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor as such, a monthly fee (the &#147;Investment Advisory Fee&#148;) in arrears at an annual rate
equal to the amount set forth in Schedule A hereto of the average daily value of the Fund&#146;s Net Assets. &#145;&#145;Net Assets&#148; means the total assets of the Fund minus the sum of the accrued liabilities. It is understood that the
liquidation preference of any outstanding preferred stock (other than accumulated dividends) is not considered a liability in determining the Fund&#146;s Net Asset Value. For any period less than a month during which this Agreement is in effect, the
fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be. </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;For purposes of this Agreement, the net assets of the Funds shall be calculated pursuant to the procedures
adopted by resolutions of the Directors of the Fund for calculating the value of the Fund&#146;s assets or delegating such calculations to third parties. </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">10.&#8195;&#8195;<U>Indemnity.</U> (a)&nbsp;The Fund may, in the discretion
of the Board of Directors of the Fund, indemnify the Advisor, and each of the Advisor&#146;s directors, officers, employees, agents, associates and controlling persons and the directors, partners, members, officers, employees and agents thereof
(including any individual who serves at the Advisor&#146;s request as director, officer, partner, member, trustee or the like of another entity) (each such person being an &#147;Indemnitee&#148;) against any liabilities and expenses, including
amounts paid in satisfaction of judgments, in compromise or as fines and penalties, and counsel fees (all as provided in accordance with applicable state law) reasonably incurred by such Indemnitee in connection with the defense or disposition of
any action, suit or other proceeding, whether civil or criminal, before any court or administrative or investigative body in which such Indemnitee may be or may have been involved as a party or otherwise or with which such Indemnitee may be or may
have been threatened, while acting in any capacity set forth herein or thereafter by reason of such Indemnitee having acted in any such capacity, except with respect to any matter as to which such Indemnitee shall have been adjudicated not to have
acted in good faith in the reasonable belief that such Indemnitee&#146;s action was in the best interest of the Fund and furthermore, in the case of any criminal proceeding, so Jong as such Indemnitee had no reasonable cause to believe that the
conduct was unlawful; provided, however, that (I)&nbsp;no Indemnitee shall be indemnified hereunder against any liability to the Fund or its shareholders or any expense of such Indemnitee arising by reason of (i)&nbsp;willful misfeasance,
(ii)&nbsp;bad faith, (iii)&nbsp;gross negligence or (iv)&nbsp;reckless disregard of the duties involved in the conduct of such Indemnitee&#146;s position (the conduct referred to in such clauses (i)&nbsp;through (iv) being sometimes referred to
herein as &#147;disabling conduct&#148;), (2) as to any matter disposed of by settlement or a compromise payment by such Indemnitee, pursuant to a consent decree or otherwise, no indemnification either for said payment OT for any other expenses
shall be provided unless there has been a determination that such settlement or compromise is in the best interests of the Fund and that such Indemnitee appears to have acted in good faith in the reasonable belief that such Indemnitee&#146;s action
was in the best interest of the Fund and did not involve disabling conduct by such Indemnitee and (3)&nbsp;with respect to any action, suit or other proceeding voluntarily prosecuted by any Indemnitee as plaintiff, indemnification shall be mandatory
only if the prosecution of such action, suit or other proceeding by such Indemnitee was authorized by a majority of the full Board of Directors of the Fund. </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&#8195;&#8195;The Fund may make advance payments in connection with the expenses of defending any action with respect to
which indemnification might be sought hereunder if the Fund receives a written affirmation of the Indemnitee&#146;s good faith belief that the standard of conduct necessary for indemnification has been met and a written undertaking to reimburse the
Fund unless it is subsequently determined that such Indemnitee is entitled to such indemnification and if the Directors of the Fund determine that the facts then known to them would not preclude indemnification. In addition, at least one of the
following conditions must be met: (A)&nbsp;the Indemnitee shall provide security for such Indemnitee undertaking, (B)&nbsp;the Fund shall be insured against losses arising by reason of any unlawful advance, or (C)&nbsp;a majority of a quorum
consisting of Directors of the Fund who are neither &#147;interested persons&#148; of the Fund (as defined in Section&nbsp;2(a)(19) of the 1940 Act) nor parties to the proceeding (&#147;Disinterested Non Party Directors&#146;) or an independent
legal counsel in a written opinion, shall determine, based on a review of readily available facts (as opposed to a full trial type inquiry), that there is reason to believe that the Indemnitee ultimately will be found entitled to indemnification.
</P> <P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:13%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(c)&#8195;&#8195;All determinations with respect to the standards for indemnification hereunder shall be made
(1)&nbsp;by a final decision on the merits by a court or other body before whom the proceeding was brought that such Indemnitee is not liable or is not liable by reason of disabling conduct, or (2)&nbsp;in the absence of such a decision, by
(i)&nbsp;a majority vote of a quorum of the Disinterested Non Party Directors of the Fund, or (ii)&nbsp;if such a quorum is not obtainable or, even if obtainable, if a majority vote of such quorum so directs, independent legal counsel in a written
opinion. All determinations that advance payments in connection with the expense of defending any proceeding shall be authorized and shall be made in accordance with the immediately preceding clause (2)&nbsp;above. </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The rights accruing to any Indemnitee under these provisions shall not
exclude any other right to which such Indemnitee may be lawfully entitled. </P> <P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">11.&#8195;&#8195;Limitation on Liability.
(a)&nbsp;The Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by Advisor or by the Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary duty with
respect to the receipt of compensation for services or a loss resulting from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or from reckless disregard by it of its duties under this Agreement As used
in this Section&nbsp;11(a), the term &#147;Advisor&#146;&#146; shall include any affiliates of the Advisor performing services for the<B> </B>Fund contemplated hereby and partners,<B> </B>directors, officers and employees of the Advisor and of such
affiliates. </P> <P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">12.&#8195;&#8195;Duration and Termination. This Agreement shall become effective as of the date hereof and,
unless sooner terminated with respect to the Fund as provided herein, shall continue in effect for a period of two years. Thereafter, if not terminated, this Agreement shall continue in effect with respect to the Fund for successive periods of 12
months, provided such continuance is specifically approved at least annually by both (a)&nbsp;the vote of a majority of the Fund&#146;s Board of Directors or the vote of a majority of the outstanding voting securities of the Fund at the time
outstanding and entitled to vote, and (b)&nbsp;by the vote of a majority of the Directors who are not parties to this Agreement or interested persons of any party to this Agreement, cast in person at a meeting called for the purpose of voting on
such approval. Notwithstanding the foregoing, this Agreement may be terminated by the Fund at any time, without the payment of any penalty, upon giving the Advisor 60 days&#146; notice (which notice may be waived by the Advisor), provided that such
termination by the Fund shall be directed or approved by the vote of a majority of the Directors of the Fund in office at the time or by the vote of the holders of a majority of the voting securities of the Fund at the time outstanding and entitled
to vote, or by the Advisor on 60 days&#146; written notice (which notice may be waived by the Fund). This Agreement will also immediately terminate in the event of its assignment. (As used in this Agreement, the terms &#147;majority of the
outstanding voting securities,&#148; &#147;interested person&#148; and &#147;assignment&#148; shall have the same meaning, of such terms in the 1940 Act.) </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">13.&#8195;&#8195;<U>Notices.</U> Any notice under this Agreement shall be in writing to the other party at such address as the
other party may designate from time to time for the receipt of such notice and shall be deemed to be received on the earlier of the date actually received or on the fourth day after the postmark if such notice is mailed first class postage prepaid.
</P> <P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">14.&#8195;&#8195;Amendment of this Agreement. This Agreement may be amended by the parties only if such amendment is
specifically approved by the vote of the Board of Directors of the Fund, including a majority of those Directors who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of
voting on such approval and, where required by the 1940 Act, by a vote of a majority of the outstanding voting securities of the Fund. </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">15.&#8195;&#8195;Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
New&nbsp;York for contracts to be performed entirely therein without reference to choice of law principles thereof and in accordance with the applicable provisions of the 1940 Act. To the extent that the applicable laws of the State of New York, or
any of the provisions, conflict with the applicable provisions of the 1940 Act, the latter shall control. </P>
<P STYLE="margin-top:13pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">16.&#8195;&#8195;Use of the Name BlackRock. The Advisor has consented to the use by the Fund of the name or identifying word
&#147;BlackRock&#148; in the name of the Fund. Such consent is conditioned upon the employment of the Advisor as the investment advisor to the Fund. The name or identifying word &#145;&#147;BlackRock&#148; may be used from time to time in other
connections and for other purposes by the Advisor and any of its affiliates. The Advisor may require the Fund to cease using &#147;BlackRock&#148; in the name of the Fund if the Fund ceases to employ, for any reason, the Advisor, any successor
thereto or any affiliate thereof </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">
as investment advisor of the Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">17.&#8195;&#8195;Miscellaneous.
The captions in this Agreement are included for convenience of reference only and in no way define or delimit any of the provisions hereof or otherwise affect their construction or effect. If any provision of this Agreement shall be held or made
invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby. This Agreement shall be binding on, and shall inure to the benefit of the parties hereto and their respective successors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">18.&#8195;&#8195;Counterparts. This Agreement may be executed in counterparts by the parties hereto, each of which shall
constitute an original counterpart, and all of which, together, shall constitute one Agreement. </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">IN WITNESS WHEREOF, the parties hereto have caused the foregoing instrument
to be executed by their duly authorized officers, all as of the day and the year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">BLACKROCK MUNIYIELD NEW YORK INSURED</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">FUND, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><U>By:&#8195;&#8195;/s/ Donald C Burke</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Name: Donald C. Burke</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Title: Vice President</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="49"></TD>
<TD HEIGHT="49" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">BLACKROCK ADVISORS, LLC</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><U>By:&#8195;&#8195;/s/ Donald C Burke</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Name: Donald C. Burke</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Title: Managing Director</TD></TR>
</TABLE>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><U>Schedule A </U></P>
<P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Investment Advisory Fee </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">0.50%
of average daily Net Assets of the Fund. </P>
</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(16)
<SEQUENCE>9
<FILENAME>d61427dex9916.htm
<DESCRIPTION>POWER OF ATTORNEY OF THE BOARD OF DIRECTORS
<TEXT>
<HTML><HEAD>
<TITLE>Power of Attorney of the Board of Directors</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (16) </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>POWER OF ATTORNEY </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">The
undersigned, Cynthia L. Egan, Lorenzo A. Flores, Stayce D. Harris, J. Phillip Holloman, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch, Arthur P. Steinmetz, Robert W. Fairbairn and John M. Perlowski, Directors of each of BlackRock MuniHoldings
California Quality Fund, Inc. (&#147;MUC&#148;), BlackRock MuniYield New York Quality Fund, Inc (&#147;MYN&#148;), BlackRock MuniYield Quality Fund III, Inc. (&#147;MYI&#148;), BlackRock MuniYield Quality Fund, Inc. (&#147;MQY&#148;), BlackRock
MuniHoldings Fund, Inc. (&#147;MHD&#148;) and BlackRock MuniAssets Fund, Inc. (&#147;MUA&#148; and collectively with MUC, MYN, MYI, MQY and MHD, the &#147;Funds&#148;), hereby authorize John M. Perlowski, Trent Walker, Jay M. Fife, Stephen Minar and
Janey Ahn, or any of them, as <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact,</FONT></FONT> to sign on his or her behalf in the capacities indicated (and not in such person&#146;s personal individual capacity for
personal financial or estate planning), the Registration Statement on Form <FONT STYLE="white-space:nowrap">N-14</FONT> for each Fund or any amendment thereto (including any <FONT STYLE="white-space:nowrap">pre-effective</FONT> or post-effective
amendments) for or on behalf of each Fund and to file the same, with all exhibits thereto, with the Securities and Exchange Commission. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall
constitute one instrument. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">(Remainder of page intentionally left blank) </P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">IN WITNESS WHEREOF, the undersigned have executed this Power of Attorney as of the 6<SUP
STYLE="font-size:75%; vertical-align:top">th</SUP> day of June, 2025. </P> <P STYLE="font-size:50pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt">


<TR>

<TD WIDTH="38%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="59%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Signature</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Title</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ Cynthia L. Egan</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Cynthia L. Egan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ Lorenzo A. Flores</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Lorenzo A. Flores</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ Stayce D. Harris</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Stayce D. Harris</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ J. Phillip Holloman</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">J. Phillip Holloman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ R. Glenn Hubbard</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">R. Glenn Hubbard</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ W. Carl Kester</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">W. Carl Kester</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ Catherine A. Lynch</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Catherine A. Lynch</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ Arthur P. Steinmetz</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Arthur P. Steinmetz</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ Robert W. Fairbairn</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">Robert W. Fairbairn</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:11pt; font-family:Times New Roman" ALIGN="center">/s/ John M. Perlowski</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">John M. Perlowski</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Page to Power
of Attorney for MUC, MYN, MYI, MQY, MHD and MUA Registration Statements on Form <FONT STYLE="white-space:nowrap">N-14]</FONT> </P>

</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(17)
<SEQUENCE>10
<FILENAME>d61427dex9917.htm
<DESCRIPTION>FORM OF PROXY CARD
<TEXT>
<HTML><HEAD>
<TITLE>Form of Proxy Card</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (17) </B></P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g61427dsp090.jpg" ALT="LOGO">
 </P> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">BlackRock MuniHoldings New York Quality Fund, Inc. PO Box 43131 Providence, RI 02940-3131 EVERY VOTE IS IMPORTANT SCAN
The QR code or visit www.proxy-direct.com to vote your shares LIVE AGENT Call 1-888-686-6226 with any questions. Specialists can assist with voting. Available Monday-Friday from 9 a.m. &#150; 11 p.m. and Saturday 12 p.m. &#150; 6 p.m. ET CALL
1-800-337-3503 Follow the recorded instructions available 24 hours MAIL Vote, Sign and Mail in the enclosed Business Reply Envelope VIRTUAL MEETING The meeting will be held virtually at the following Website: https://meetnow.global/MgFSU5J on
October 15, 2025 at [00:00] a.m. (Eastern Time). All votes must be received by the end of the meeting. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box of this card. DO NOT TEAR PROXY CARD BLACKROCK
MUNIHOLDINGS NEW YORK QUALITY FUND, INC. JOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON OCTOBER&nbsp;15, 2025 PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS COMMON SHARES The undersigned hereby appoints John Perlowski and Jay M. Fife, and
each of them, as proxies, each with the power to appoint his substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of BlackRock MuniHoldings New York Quality Fund, Inc., a
Maryland corporation (the &#147;Fund&#148;), that the undersigned is entitled to vote at the Joint Special Meeting of Shareholders of the Fund to be held on October&nbsp;15, 2025, at [&#149;] a.m. (Eastern Time) (the &#147;Joint Special
Meeting&#148;), and any adjournment(s) or postponement(s) thereof, to cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Joint Special Meeting and otherwise to represent the undersigned at the Joint Special
Meeting with all powers possessed by the undersigned as if personally present at the Joint Special Meeting. The Joint Special Meeting will be held in a virtual meeting format only, at the following Website: https://meetnow.global/MgFSU5J. To attend
and participate in the virtual Joint Special Meeting, enter the <FONT STYLE="white-space:nowrap">14-digit</FONT> control number from the shaded box on this card. The validity of this proxy is governed by Maryland law. This proxy does not revoke any
prior powers of attorney except for prior proxies given in connection with the Joint Special Meeting. The undersigned hereby acknowledges receipt of the Joint Proxy Statement/Prospectus, the terms of which are incorporated herein by reference, and
revokes any proxy heretofore given with respect to the Joint Special Meeting. THIS PROXY, IF PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
&#147;FOR&#148; THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED AT THE JOINT SPECIAL MEETING AND ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF. VOTE VIA THE INTERNET:
www.proxy-direct.com VOTE VIA THE TELEPHONE: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-337-3503</FONT></FONT></FONT> </FONT></P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g61427dsp091.jpg" ALT="LOGO">
 </P> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">MHN_34670_071125 PLEASE MARK, SIGN, DATE THIS PROXY CARD ON THE REVERSE SIDE AND RETURN IT PROMPTLY USING THE ENCLOSED
ENVELOPE. xxxxxxxxxxxxxx code THE BOARD OF DIRECTORS RECOMMENDS VOTING &#147;FOR&#148; THE PROPOSAL. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:X A Proposal 1a. The common shareholders and holders of Variable Rate Demand
Preferred Shares (&#147;VRDP Shares&#148; and the holders thereof, &#147;VRDP Holders&#148;) of BlackRock MuniHoldings New York Quality Fund, Inc. (&#147;MHN&#148;) are being asked to vote as a single class on a proposal to approve an Agreement and
Plan of Merger among BlackRock MuniYield New York Quality Fund, Inc. (the &#147;Acquiring Fund&#148;), MHN and a wholly-owned subsidiary of the Acquiring Fund (the &#147;MHN Merger Sub&#148;) (the &#147;MHN Merger Agreement&#148;) and the
transactions contemplated therein, including that MHN will merge with and into the MHN Merger Sub, with the issued and outstanding common shares and VRDP Shares, if any, of MHN being converted into the right to receive newly issued common shares and
VRDP Shares of the Acquiring Fund, respectively (the &#147;MHN Merger&#148;). FOR AGAINST ABSTAIN To transact such other business as may properly come before the Joint Special Meeting and any adjournments, postponements or delays thereof. BlackRock
MuniHoldings New York Quality Fund, Inc. Important Notice Regarding the Availability of Proxy Materials for the Joint Special Meeting of Shareholders on October&nbsp;15, 2025. The Joint Proxy Statement/Prospectus and Proxy card for this meeting are
available at: <FONT STYLE="white-space:nowrap">https://www.proxy-direct.com/blk-34670</FONT> B Authorized Signatures &#151; This section must be completed for your vote to be counted. &#151; Sign and Date Below </FONT></P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g61427dsp092.jpg" ALT="LOGO">
 </P> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each
holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of corporation or other entity or in another representative capacity, please give the full title under the signature. Date (mm/dd/yyyy) &#151; Please
print date below Signature 1 &#151; Please keep signature within the box Signature 2 &#151; Please keep signature within the box Scanner bar code xxxxxxxxxxxxxx MHN 1 34670 xxxxxxxx </FONT></P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g61427dsp093.jpg" ALT="LOGO">
 </P> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">BlackRock New York Municipal Income Trust PO Box 43131 Providence, RI 02940-3131 EVERY VOTE IS IMPORTANT SCAN The QR
code or visit www.proxy-direct.com to vote your shares LIVE AGENT Call 1-888-686-6226 with any questions. Specialists can assist with voting. Available Monday-Friday from 9 a.m. &#150; 11 p.m. and Saturday 12 p.m. &#150; 6 p.m. ET CALL
1-800-337-3503 Follow the recorded instructions available 24 hours MAIL Vote, Sign and Mail in the enclosed Business Reply Envelope VIRTUAL MEETING The meeting will be held virtually at the following Website: https://meetnow.global/MgFSU5J on
October 15, 2025 at [00:00] a.m. (Eastern Time). All votes must be received by the end of the meeting. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box of this card. DO NOT TEAR PROXY CARD BLACKROCK NEW
YORK MUNICIPAL INCOME TRUST JOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON OCTOBER&nbsp;15, 2025 PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES COMMON SHARES The undersigned hereby appoints John Perlowski and Jay M. Fife, and each of them,
as proxies, each with the power to appoint his substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of BlackRock New York Municipal Income Trust, a Delaware statutory trust (the
&#147;Fund&#148;), that the undersigned is entitled to vote at the Joint Special Meeting of Shareholders of the Fund to be held on October&nbsp;15, 2025, at [&#149;] a.m. (Eastern Time) (the &#147;Joint Special Meeting&#148;), and any adjournment(s)
or postponement(s) thereof, to cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Joint Special Meeting and otherwise to represent the undersigned at the Joint Special Meeting with all powers possessed by the
undersigned as if personally present at the Joint Special Meeting. The Joint Special Meeting will be held in a virtual meeting format only, at the following Website: https://meetnow.global/MgFSU5J. To attend and participate in the virtual Joint
Special Meeting, enter the <FONT STYLE="white-space:nowrap">14-digit</FONT> control number from the shaded box on this card. The validity of this proxy is governed by Delaware law. This proxy does not revoke any prior powers of attorney except for
prior proxies given in connection with the Joint Special Meeting. The undersigned hereby acknowledges receipt of the Joint Proxy Statement/Prospectus, the terms of which are incorporated herein by reference, and revokes any proxy heretofore given
with respect to the Joint Special Meeting. THIS PROXY, IF PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED &#147;FOR&#148; THE PROPOSAL. IN THEIR
DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED AT THE JOINT SPECIAL MEETING AND ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF. VOTE VIA THE INTERNET: www.proxy-direct.com VOTE VIA THE TELEPHONE: <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-337-3503</FONT></FONT></FONT> </FONT></P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g61427dsp094.jpg" ALT="LOGO">
 </P> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">BNY_34670_071125 PLEASE MARK, SIGN, DATE THIS PROXY CARD ON THE REVERSE SIDE AND RETURN IT PROMPTLY USING THE ENCLOSED
ENVELOPE. xxxxxxxxxxxxxx code THE BOARD OF TRUSTEES RECOMMENDS VOTING &#147;FOR&#148; THE PROPOSAL. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:X A Proposal 1c. The common shareholders and holders of Variable Rate Demand
Preferred Shares (&#147;VRDP Shares&#148; and the holders thereof, &#147;VRDP Holders) of BlackRock New York Municipal Income Trust (&#147;BNY&#148;) are being asked to vote as a single class on a proposal to approve an Agreement and Plan of Merger
among BlackRock MuniYield New York Quality Fund, Inc. (the &#147;Acquiring Fund&#148;), BNY and a wholly-owned subsidiary of the Acquiring Fund (the &#147;BNY Merger Sub&#148;) (the &#147;BNY Merger Agreement&#148;) and the transactions contemplated
therein, including that BNY will merge with and into the BNY Merger Sub, with the issued and outstanding common shares and VRDP Shares, if any, of BNY being converted into the right to receive newly issued common shares and VRDP Shares of the
Acquiring Fund, respectively (the &#147;BNY Merger&#148;). FOR AGAINST ABSTAIN To transact such other business as may properly come before the Joint Special Meeting and any adjournments, postponements or delays thereof. BlackRock New York Municipal
Income Trust Important Notice Regarding the Availability of Proxy Materials for the Joint Special Meeting of Shareholders on October 15, 2025. The Joint Proxy Statement/Prospectus and Proxy card for this meeting are available at: <FONT
STYLE="white-space:nowrap">https://www.proxy-direct.com/blk-34670</FONT> B Authorized Signatures &#151; This section must be completed for your vote to be counted. &#151; Sign and Date Below </FONT></P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g61427dsp095.jpg" ALT="LOGO">
 </P> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each
holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of corporation or other entity or in another representative capacity, please give the full title under the signature. Date (mm/dd/yyyy) &#151; Please
print date below Signature 1 &#151; Please keep signature within the box Signature 2 &#151; Please keep signature within the box Scanner bar code xxxxxxxxxxxxxx BNY 1 34670 xxxxxxxx </FONT></P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g61427dsp096.jpg" ALT="LOGO">
 </P> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">BlackRock MuniYield New York Quality Fund, Inc. PO Box 43131 Providence, RI 02940-3131 EVERY VOTE IS IMPORTANT SCAN The
QR code or visit www.proxy-direct.com to vote your shares LIVE AGENT Call 1-888-686-6226 with any questions. Specialists can assist with voting. Available Monday-Friday from 9 a.m. &#150; 11 p.m. and Saturday 12 p.m. &#150; 6 p.m. ET CALL
1-800-337-3503 Follow the recorded instructions available 24 hours MAIL Vote, Sign and Mail in the enclosed Business Reply Envelope VIRTUAL MEETING The meeting will be held virtually at the following Website: https://meetnow.global/MgFSU5J on
October 15, 2025 at [00:00] a.m. (Eastern Time). All votes must be received by the end of the meeting. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box of this card. DO NOT TEAR PROXY CARD BLACKROCK
MUNIYIELD NEW YORK QUALITY FUND, INC. JOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON OCTOBER&nbsp;15, 2025 PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS COMMON SHARES The undersigned hereby appoints John Perlowski and Jay M. Fife, and
each of them, as proxies, each with the power to appoint his substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of BlackRock MuniYield New York Quality Fund, Inc. a Maryland
corporation (the &#147;Fund&#148;), that the undersigned is entitled to vote at the Joint Special Meeting of Shareholders of the Fund to be held on October&nbsp;15, 2025, at [&#149;] a.m. (Eastern Time) (the &#147;Joint Special Meeting&#148;), and
any adjournment(s) or postponement(s) thereof, to cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Joint Special Meeting and otherwise to represent the undersigned at the Joint Special Meeting with all
powers possessed by the undersigned as if personally present at the Joint Special Meeting. The Joint Special Meeting will be held in a virtual meeting format only, at the following Website: https://meetnow.global/MgFSU5J. To attend and participate
in the virtual Joint Special Meeting, enter the <FONT STYLE="white-space:nowrap">14-digit</FONT> control number from the shaded box on this card. The validity of this proxy is governed by Maryland law. This proxy does not revoke any prior powers of
attorney except for prior proxies given in connection with the Joint Special Meeting. The undersigned hereby acknowledges receipt of the Joint Proxy Statement/Prospectus, the terms of which are incorporated herein by reference, and revokes any proxy
heretofore given with respect to the Joint Special Meeting. THIS PROXY, IF PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED &#147;FOR&#148; THE
PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED AT THE JOINT SPECIAL MEETING AND ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF. VOTE VIA THE INTERNET: www.proxy-direct.com VOTE VIA
THE TELEPHONE: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-337-3503</FONT></FONT></FONT> </FONT></P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g61427dsp097.jpg" ALT="LOGO">
 </P> <P STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">MYN_34670_071525 PLEASE MARK, SIGN AND DATE THIS PROXY CARD ON THE REVERSE SIDE AND RETURN IT PROMPTLY USING THE ENCLOSED ENVELOPE.
xxxxxxxxxxxxxx code THE BOARD OF DIRECTORS RECOMMENDS VOTING &#147;FOR&#148; THE PROPOSALS. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:X A Proposals 2a. The common shareholders and holders of Variable Rate Demand
Preferred Shares (&#147;VRDP Holders&#148;) of BlackRock MuniYield New York Quality Fund, Inc. (the &#147;Acquiring Fund&#148;) are being asked to vote as a single class on a proposal to approve the issuance of additional common shares of the
Acquiring Fund in connection with an Agreement and Plan of Merger among the Acquiring Fund, BlackRock MuniHoldings New York Quality Fund, Inc. (&#147;MHN&#148;) and a wholly-owned subsidiary of the Acquiring Fund (the &#147;MHN Merger Sub&#148;) and
the transactions contemplated therein, including that MHN will merge with and into the MHN Merger Sub. 2b. The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single class on a proposal to approve the issuance
of additional common shares of the Acquiring Fund in connection with an Agreement and Plan of Merger among the Acquiring Fund, BlackRock New York Municipal Income Trust (&#147;BNY&#148;) and a wholly-owned subsidiary of the Acquiring Fund (the
&#147;BNY Merger Sub&#148;) and the transactions contemplated therein, including that BNY will merge with and into the BNY Merger Sub. FOR AGAINST ABSTAIN To transact such other business as may properly come before the Joint Special Meeting and any
adjournments, postponements or delays thereof. BlackRock MuniYield New York Quality Fund, Inc. Important Notice Regarding the Availability of Proxy Materials for the Joint Special Meeting of Shareholders on October&nbsp;15, 2025. The Joint Proxy
Statement/Prospectus and Proxy card for this meeting are available at: <FONT STYLE="white-space:nowrap">https://www.proxy-direct.com/blk-34670</FONT> B Authorized Signatures &#151; This section must be completed for your vote to be counted. &#151;
Sign and Date Below </FONT></P>
</DIV>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<DIV STYLE="width:8.5in" align="left">
 <P ALIGN="center">


<IMG SRC="g61427dsp098.jpg" ALT="LOGO">
 </P> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:0.5pt"><FONT COLOR="#FFFFFF">Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each
holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of corporation or other entity or in another representative capacity, please give the full title under the signature. Date (mm/dd/yyyy) &#151; Please
print date belowSignature 1 &#151; Please keep signature within the box Signature 2 &#151; Please keep signature within the box Scanner bar code xxxxxxxxxxxxxxMYN 1 34670xxxxxxxx</FONT></P>
</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>11
<FILENAME>d61427dexfilingfees.htm
<DESCRIPTION>CALCULATION OF FILING FEE TABLES
<TEXT>
<HTML><HEAD>
<TITLE>Calculation of Filing Fee Tables</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit (18) </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Calculation of Filing Fee Table </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT STYLE="white-space:nowrap">N-14</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Form Type) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK
MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Exact Name of Registrant as Specified in its Charter) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Table 1: Newly Registered Securities </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="8%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER:1.00pt solid #000000; padding-left:8pt">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Security&#8194;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Type&#8194;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Security&#8194;<BR>Class&nbsp;Title&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Fee&#8194;<BR>Calculation&#8194;<BR>Rule&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Amount&#8194;<BR>Registered&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Proposed&#8194;<BR>Maximum&#8194;<BR>Offering&#8194;<BR>Price&nbsp;Per&#8194;<BR>Unit&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Maximum&#8194;<BR>Aggregate&#8194;<BR>Offering&nbsp;Price&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Fee</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Rate</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Amount&nbsp;of&#8194;<BR>Registration&#8194;<BR>Fee&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Carry&#8194;<BR>Forward&#8194;<BR>Form&#8194;<BR>Type&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Carry&#8194;<BR>Forward&#8194;<BR>File&#8194;<BR>Number&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Carry&#8194;<BR>Forward&#8194;<BR>Initial&#8194;<BR>effective&#8194;<BR>date&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Filing&nbsp;Fee<BR>Previously<BR>Paid&nbsp;In<BR>Connection<BR>with&nbsp;Unsold<BR>Securities&nbsp;to<BR>be&nbsp;Carried<BR>Forward</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-size:1pt" BGCOLOR="#deeaf6">
<TD HEIGHT="4" COLSPAN="25" STYLE="BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD></TR>
<TR BGCOLOR="#deeaf6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="25" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-left:8pt; padding-right:2pt">Newly Registered
Securities</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4" STYLE="BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-left:8pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="center">Fees to Be&#8194;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="center">Paid&#8194;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">Equity</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Common</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Stock</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">457(o)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">$1,000,000&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">$153.10</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">$153.10</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#deeaf6">
<TD HEIGHT="4" STYLE="BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#deeaf6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-left:8pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="center">Fees&#8194;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="center">Previously&#8194;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="center">Paid&#8194;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4" COLSPAN="9" STYLE="BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="9" ALIGN="right" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">Total Offering Amounts&#8194;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">$1,000,000&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">$153.10</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#deeaf6">
<TD HEIGHT="4" COLSPAN="9" STYLE="BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#deeaf6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="9" ALIGN="right" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">Total Fees Previously Paid&#8194;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">$0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4" COLSPAN="9" STYLE="BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="9" ALIGN="right" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">Total Fee Offsets&#8194;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&#150;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#deeaf6">
<TD HEIGHT="4" COLSPAN="9" STYLE="BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#deeaf6" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="9" ALIGN="right" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman" ALIGN="right">Net Fee Due&#8194;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">$153.10</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE>
</DIV>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>g61427dsp090.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp090.jpg
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M$0$#$0'_Q "W  $  @,! 0$             ! 4" P8' 0@! 0 # 0$!
M           ! @,$!080  $$ 0,# P($ @4* @@!#0(  0,$!1$2!B$3!S$B
M%$$R46$C%7%"4C-3)!:!D=%BDM.45A<(<D.AL8+2-"5U&,&BLC6#M+4V-V-S
MLT0F$0$  @$# 0<"! 4#!0$      0(1(1(#,4%1(C(3! 5A0G&14A7P@:%B
M!N%R%K'1DK(C,__:  P# 0 "$0,1 #\ _5* @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M 0$! 0$! 0$'B<WAOD-SBMZ:U8*?-129#]HPLSP1U0KV<NU^2(I8A<S^5'7
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M&\HD N,A-H1,[="=M!ZO_!!L0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MW2\-J(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MS-;1;SYMN_3]]:UG^E83'&]%7SK40$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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ML>$YSEI9^5\\5R6M-2@DD$JLD,5><QKBT>SL,SN1R&^Z.4FTW;Q#:@]'0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M2WZVS:PCIM<M^[1MO5!W%:<+%>*P&K!, R"S^NA-JR#8@(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M-]/75D%Z@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M(#$X_P"&$CRCW[-C>3,SZV;$EAVT;^B\NB">@(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M-WZ,S?@@L$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MJX;"8C"8Z'&XBI%1H5VVPUH!8 %F_)OK^:#R?QC_ /S]\I_^'&?_ .(T'LJ
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M$R>46?ZN6GXMJ%KQ2SQ'MR8_ W*UN7'!'7N/"823-L<A#O./75R8_7ZZH+Y
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MI3QE:.:*..<H:;V7%]8IYA-]9@_4Z,770&0>A(" @(" @(" @(" @(" @("
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M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M#&1.,8&<I$0BVCOI^#:!]N\$X[;$FDBE$WEGG"6.:2,PFL3QV3D A)G$FE@
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M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M-M^GH@]SA_J0ZZ^UNOI]$&: @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MD[;3>/71G(6ZNWH@C2\KP('CLIFN XN"YE8:^5X_.W9GE>*S?KQR]XW@%X;
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MJXUJ<$=:N&NR&(6 &W.Y/H(LS-J[NZ#<@(" @(" @(" @(" @(" @(" @("
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M>VUCMVY)6B.>M,+%'(!ZZ,_M9!Z'R/CLV5EXM:C^+7FQ>1AN3]>CQ#6FC**
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M@6,>N<L32VLC!7?:,9#/+U>("(F'XY.7T;U06>*M\-R-N6CCXJTD^.D.7MC
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M61"D;AVH)3'7=W2( UZ::/ZJG#\%NO-9O$1$QKCOXYOVVB.S;U3/+]'35[F
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M9Y7BR0F-ES/4G:1S<MNC,P]92]$$(O&?%G$V".4#>1YADW[G"0G!]PL;&/\
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MDF&*2489#CC>6%_T)^C;7DCVMIUTZ,[MZ((S>/>/-"X,\^XIBLE-W7<WG(&
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M<(R>0X/5Q]Z;9?EM!<L',S[F&+V5V<6=]#"&.+7K]S.@@2^+^1$,.V_6>;Y
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M^UNKN%AC.!Y*GA,OCFF@<+UJ*Q7@=S.-QC,#.*4W$3<)F#83%O<1?[C08T>
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MZ\P32&5XGCCR4A$XE&\+=RL3"+?3\-P5?+,#>FY'R<L;B+W^(I<G<E?(QUK
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M>;Q>/IS/5?EM.O5Q$;Q@;U<BUN)K).Y"^NE2R1Z'JWZ7\4%/A>9<ORYXI_\
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M3GFFSY 3@XO9:LU7MZ./]7L'73UU^J"MQ/BBGA\I#?Q.:O5& 0CGKL%.2.8
MM3VV$GEKF8>ZV8_ID+[=/JVJ"1F_%F!SF5OWLI;O68;T$L(4"F;L5SGCBCDF
MK>WN1FXUP=O?M8M29M7=!7W?"V#R$,[Y+*9&]D+;R_*R<QP-/(,M,Z0AH$01
MB,44I.+"#>YW=]=4%A#XKXY!9OS5SGA;(YBKGYH@(-@VJA ;"#./0)#CW&WX
MN^CL@D\E\?8[D&5@O6[]V*",JQ6<;%('QIWI3_(@(AD RC(9/4HB B;VD[L@
MBS>+,(_&:N"J69Z7P[@9"+(0C7>P4\<I2B4G<B.,]'-V]P/T0?7\:PE>KWRS
MN3"VP019*2 X*_SXZDQ3UQL-#"##L*0A_1V;A?:6K(*JMX(X="\<[S6Y<C6D
MJR8[('(/=JM3F[\81,(B&UY"-RW"^NYT%GC_ !C!4XG?XI-FK]S"VZSTX(9F
MJB5:)]VO:..&,G?W?^9N]$%3'X'XU6D>;'9&]1L_)^9'-'\>1PD:>Q,V@S0R
M XM\L@9B%_:P_7J@NJ7CN2IGPS<?(+SV3CK17XRBHN%IJF[9O_NVZ/49'9^R
MX((V1\0\>OX^*C+:MA'#+DI@("C8MV5G>>;U!^@D^@?EZZH-+^&..13W;6-N
M7,9<N7[60^17*$NW\^*.*U7&.:*6(H).R);#%]"ZL[()=OQ%PV[C,#B+L,MK
M#\=KR5J6/ED?MEW &+NRN.TR,0$A;JS>XNB"OA\'\6"&B,ENY//C[,5FO:D.
M-Y?T:(8]HR=HVU HH0<NFNX6?5!.PGBS'XK$WZ/[M?MV+N-CPP9&8H&GKTH
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M?AH^-UL-#<MPV*EX\M6R\91#:"_+(<DD[,T?8]_>,7#M;-KZ:((!^%>,'6D
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M?\'0_P!R@?X'Y)_S;:_X.A_N4#_ _)/^;;7_  =#_<H'^!^2?\VVO^#H?[E
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,$! 0$! 0$! 0?__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>g61427dsp091.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp091.jpg
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M$0$#$0'_Q "Y  $  P$! 0$!            ! 4& P(!!P@! 0 # 0$!
M           ! @,%! 80  $$ 0,# P($ @<""0@)!0(  0,$!1$2!B$3!S$B
M%$$R46$C%4(D<5)B,Q87"($ED:%RDE,T5-25@D-CA)2D-5:QTK/31+1U-QAS
M@W15-A$!  (" 0($!0(#!P0#      $"$0,2(3%!41,$87$B,@4C!H&14J&Q
MP?%"<C/18H(6DD,4_]H # ,!  (1 Q$ /P#^J4! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M_;QB<B>3LELD]&]NTNC[M$&A0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MSX_VZF/+DN/D:*GC9,H#Y(YI >@5B:6>NTI%V8Q:<#CV[1;371D&PXA=GQ?
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M0W"O& REV)V9V=Y';M^FGVS?U.H1:'ES,WZ7'[T=.G##R2Z>.K0'*3RUI(S
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MHQCK.9B+2F;.XC'J_N)V;5F9!&+D7'QR?[463J-E'=F^ \\?R-7;<S=K=O\
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MA(T1#ZC)M=]KM^#H/464QLPUCBMPR#=9WID$@$TS,+D_:=G]^@MK[?H@DH"
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MIXNVPV\)4XU:_0D;95R=Z^$SGJ/1HQ",BU]&=G^J"S\?4&QW(<.65%\=_N_
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M<+5OP,-*Y-:DD*ZT+-[9((&9A[/X_5!^CH" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @_EC_7)_=<._Y5__ .BN@Q7,. 8RIX5K
M481H?XDX]7IYG)!%)&62V9(B^3'9A;]0(X GJ;7?^T@_2O\ 1%__ ,CR3_\
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M[%@^;1E/;!XK4KQ3N<L;Z:A(7<U(?:W1_P $'Z_X&\/7O&.&RF/MY*+)%D+
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M1'))).$<<T@ <($Y5V,=_<;K((L_\&]!S;RA#'V8;%.,;DM&"]V8[&YF>Q*
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M3T;\$%W7J5:_<^/"$/=)BE[8L.XF$09RT;J[  C_ $,S(.J @(" @(" @("
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M"MM=FDJPQ1-;"/L231NY!$ CMU9D%-!S;/8?$6Y*5MQE=AAIRD3V:CC#-DI
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M(IIB::6/NCLDV20B(#^K7(F;JY@S.V@=LSSGE<>?MX^E;@CF>X-/X)5B.2G
M]BO%'<,MS;VF:9]&?1NK:?:6H3,[S'/X_@]6V]H RLEZS0>YV0",OBRV $R:
M4VCC>5J[?UM7?:(ZNV@;3C61L9/CN*R5D6"Q=IP6)@%G81.6(3)F8NK,SE]4
M%B@(" @(" @(" @(" @(" @(" @(" @(" @I>2\MQO'AK/<BLS/:>3MA5A*8
MF&$'DE,F'T$ 9W?_ (&ZZ,@JV\G\<>5Q&*X4+2R 5H:Y/"T4,K0'9<V_\RTK
M[=_]+^C.[!SC\J<;DB8XZU\YST.O4:J??FA=C)YX@_BC9H3U?\O[0ZAU;R=Q
MHWOO6:S:#'M&YRPQ.0&\K XL).[,/247UDVMIU9]&=!P_P R8)N,Y?D./J'>
MIT2KO2CCZ23A8@@E9W$M-KB]AV=OR07&'YAB,K>L4JPSA) )G&<L1!'/'#)V
MI3@+^-HY/:_^S3H[.@I1\N<6(3<8KKG"<@V(QKD1Q1PQA,<TK"[[ &.1B?7W
M?33=T0=K?DGCC_(J'7O&YS'3@[<!M\HQG^+)\8V=M[!(3,1:MIKKZ(/E#R-Q
M&*M'7B"Q4JPUWEJ-) <8'4AADE"6+7UC*.N>SZOM]/34+#!\ZX_FLM9Q5,S^
M77$S<3':QM";13[>KO\ I2$P%JS=?35NJ"JD\N\5C:9NS=*6N9#+7"N12#&$
M3S/*0,^H@T8$6A:%TTVZZ,X3N6<VAP4N':.,)X<A,SVI"/8T5)G",[ ]/=MD
MGB]OX.[_ $0<;?D[C]:])2^->EE:0H:[Q5B(+$@6!JFT!.[,6R<]I>GX^G5!
M''R_PLZTL\4TLCA( 0PB#=R<96D()(F<F;8XP2/[G9_;Z=6U#U_FUQ0IG&$+
MD]=FWM=BK&5=XQ&(Y)&D_J1A9C(W_/IJ[.S!Y_S?X@0G\?Y5N03=HX:\+R22
M1M'++WP$7_NW"M(^KZ/T].K:A8XCF]:]B<OE3J3Q4\99E@C<0<RGCC$2&6,1
MZZ'OZ:^GU00:WEGB4[Q$SV1@)F>Q:>%WAKN\DT+#-(+D+.\E606VZM^>CZH.
M!^2)9,!R3+047JCA2B& ,@QP.32P13=R8=-0%N]KT^GYH(^,\FE8*S#D*\%N
MG!'8=[^,(YX+/;>H+-!N86T9[CA([EM%Q^[UT#IPKE'!(K$&/P4-S3)O&7S)
MVGF!Y7KD<4)V)CD+<,,!,(Z[6V_FVH2>1^2ZU$+-;%TY[F2"<*E3?$0UYI?D
MQU9]DG3?\<YF8V;Z]&^KL'W.\^LXK.9G&O2"1J&)#(4I-[L\]DC,/CNVG35^
MWH[?B_X(.-3R]QHH0CG:8LAV(#DK5@>7?/,T+%!#U8C("L WHW_$6@=I?+7%
MHBD"2.X!MI\=C@<&L/W'B)H")Q MI@6[5V^W7TT=PM</S;"YAK4F/&Q-4J01
M63N-"3Q$,T(V!&-V]QGVY!=Q8=?IZH*;_-OB4@1EV+DAM(02QA6>4H"C.&/6
M3MN;-J5N)FT=W]WY%H$B3RGQB*-Y90MQQ1QF5J0JY[:\@=S^7F=OME=X#9AZ
M]=.ON'4(69\@</OXXZ>2J9%X3D$;U-H)HY(@8HG K# XNT,G?C^NA"[L3:,6
M@=>5^0+&#Y3!B1:F\1QTC[$QR!9G>Y9DK[:^@O'^GVV+W>NOT]4'VKY7P(5Z
M7[H$M6S:J?+]D9'$[M&\KQ1/]YEL;IH.FOMUW=$$>YY0J.6;I/0E"W1QIWXJ
M%H"CEV1QS/*]D';V1,<0@QL[L6[IJ@YX+RA"\-@+44-^* HHJ<V"":>.0NW)
M)-"P&(NQ5HXF,]'?H8M]SZ()F5\JX&K6:[",A8L;$$,N5EC,*91R&(2O%+H[
M&<;DS;?J_1M='T"5R+D<>.RO%K;X]]V5F>E-+,[Q2UH;$;'[@;47?O#$),7I
MU01\!Y,HWJ^2EO0E6>C;:&-HV<]]>:R]>K*^NFA2?<3?1D',O)\%VHT^#I33
MV B*T]"S%)!/+7 (9G.'U;4X)G>-B^XO;TZH(]KR-@[-&.;+0:X?)N\V%@%C
M[UN&*6+M2NQ/& M(6Z1A)_[O1W^K(/-SR]CQH6;-&L=Y^['\%X1,HWJR!6=I
MYR9OTAWVMO\ L_)] G\I\A2X'.W,:=)CBCQ)7Z=LC=A.V+3FU0VT]O<CK$0/
M]=";\$'I_+/#6L6H7GDUJ][<;!J)C6&4I2#1]782@(.K-J6FG0F=!.M<RCEX
M[8SF&@>]7I'&5F-V<"*OLCFG*+^L<<,FK#]29Q09WCW)>*X^W+E'I6(/W9VF
MAMZV;,<5"Q.8U))7E=QK#;FWF$8-IU;=IIT"VX[Y(Q^;SK8R&O-$5BK!>I1R
M XSO7E:1RGFC?^[CU &%WZNY,VB#G;YQE()K&1>C"_&*=]L7//W2^7W&E:N4
MXQ[=G;&<MFW=N=O=_902,CY.XS0IM<G^0]?9#+)(,3Z1QSPM.)F[NS= ?JWW
M?1F=!50^5X@MC%:HR/7:2XUN>N+F->.GJ^\]=-VX?<^WT06G)^<!C\ V3H/
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M=!*S_/+N+NY)HZ$,]#&/'7EDDM-#,=J>%IHA"-P(7CT(6(MVK=7VNPN@KO\
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M(]?9,S$VWU_+1!E;_EL@N9'%#CW"Y4CLLYA,S?JU/D%.([HR;6.O%%*VK/\
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M@86/773H@T_",C=R?#L)D;QM)<MTH)K!MMT>0XV(G]K,/J_T07: @(" @("
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MS:8H3F=IG<.P[%J[[MSCI_:T_BZASARGBC&TY&BM8FK4J2A6DVG"(A+!(=D
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MG9O?$S=7W/M=F"3<Y1SS'U\.YY&W+DK4&.EKU)*<7:MSW'D>S#,8Q#V>V3
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MFD:",8VED*63:WW2&^I$_P";H.J @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M !& @ L  S"(BVC,S=&9F9!]0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M38C 14I<G*407[D&.K.($>ZQ:/9$+[6?1G+ZOT9!:(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(/Y8Y=C\O\
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MR6X;1U_W62*3OFP3ZF!"0_S$OV:N*#]K0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M<\W;FG*U>DLU#LD-6K!-4"36=XNCRR>S5OS0::/S#R^QR"":#&T XG9Y&'&
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MFJ#\XX/Y:Y=Q;BM67,P5\CA)Z'(+^,F[LQWRDQ5LW<;)R;@8#[K ##KM9O\
M8@_3/$G/>1<JARD.>I10VL>4!17:D-N"I/'9C<]L;7 "1SA(7 W]/1V]4'YA
MP?RG/D?,>5EI9R*\W)OW*CBL))(;Q59,4(-1E,==!&T(2D^WJZ#2U/.^7R>#
MO9*A!C:8XS$T9<E-D9)@B@S%RP4,E5VC8S)H@B(M@MO)W$>FJ#-97RGEN2\7
MAMVH1KY-L=R^J]RE+<J1L>/I"X3!7D("9SW,[-,V^-_31T%^/F+/XCDW$N.
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MB.V)2@&T]NOV%KH_H@U^3\L<YI6>2O%0QT]/#9"M@,>QE,$UC)7?C-$<KM[
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MZ.Z#]*\1YJ3*<9L?)NY&YD*-Z>GD RX5X[=>>+;N@-JK-$XLQ,0D.NK$@VR
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M9Q:Z]&C:=]K_ %T0?8_%4A^)A\>7LS)9BCBCK19,8 B,8()1DA#ML3B[B,;
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M,MZGFBIY*7(Y"_\ (FI5K@-%E.V\L#13L0[@*$7CD]1=!:7?#./LQYF-LG,
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1$! 0$! 0$! 0$! 0$!!__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>g61427dsp092.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp092.jpg
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M$0$#$0'_Q "2  $  @,! 0$             !08" P0' 0@! 0
M           0  $$ 0(" PD-!04$"00#   ! @,$!1$&$@<A$Q0Q(M+35)46
M5A=!89'1X3(C4Y.4%54844*2LV5Q,W1U-X%2-@BA8G*")#2T)36R8W-V9+4G
M$0$                     _]H # ,!  (1 Q$ /P#]4@
M
M
M
M
M                                                   JHB:JNB>^
M                         "JB=U=   !JFNGN@
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MR:HJ*BZHJ ?([=66>:O%,Q\]?A[1$UR*^/C3B;QM3I;Q)TIJ!M
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MBTZ=/]Y )9NT-^LRM.XW.2JQ^0EEN,3)/X60I+ L#FL=QQJQ(63,=%P]*O\
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MZ-=.CI"T9';]RSMJE0FOPW9<;N"2_5;+D7+(M!+$W4-6=SE>Y60RM[UZKW-
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M^=K_ (X#5R"8^#;NX:77S3PT-R96G5=9E?/(V""9&1L6217.71J >F@>=_\
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MJ::N>[I<Y?=50-@       'FO(O_ .+W=_\ MF:_]0!Z4!YW_P PW^B^Z_\
M")_-8!?Z?_E(/_QM_P#I0#:                         /._^8;_1?=?^
M$3^:P"V9O_A"_P#Y?-_(4""Y)_Z1[0_RJK_+0"Z@
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M=_\ MF:_]0!Z4!YW_P PW^B^Z_\ ")_-8!?Z?_E(/_QM_P#I0#:
M                /._^8;_1?=?^$3^:P"V9O_A"_P#Y?-_(4""Y)_Z1[0_R
MJK_+0"Z@                        "-W-_P -Y;_!V/Y3@*YR3_TCVA_E
M57^6@%U           %)YV_Z1;O_ ,KL_P M0++MK_AS%?X.O_*:!(@    !
M&X[;F&QV4R>5J5^'(YA\;\A9<Y[WR=2SJXFZO5W"QC?FM;HB=/[0)(    1N
M=VYA\]!6KY:OVJO5LQ7(X%<]K%F@=Q1J]K51)&M=WW"[5NNG0!)
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M' /T^\N_ZKYVR'C@'Z?>7?\ 5?.V0\< _3[R[_JOG;(>. ?I]Y=_U7SMD/'
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MBGO0QR(U[>EO$QRIJ@&OT J?G6;\YV?" >@%3\ZS?G.SX0#T J?G6;\YV?"
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MK72*JHCDB;T>\!;0         "M;_P#_ (FA_G&(_P#[& "R@
M                           "B<R<1EKDU>?'4[4TO9+51D]/LLJ<5A8_
MH+5:Y]$^M+P=\Y.^;P^XB@0.2Q.]E;9A6CDGW);&EZW7N/[%V97(M=M2LRU6
M>O B(QVCXE3I5RO[BARUMM<R'XF&:S+DTRTZQ5[NEUR<,"4ZB/<UK9.K:[M#
M)5XV]]KKTZ*!G:V]S)BRZQUI[_8(%L,Q2I*Z;AB;8LJK9Y'VH_GP.B:QTD4K
MM--%:J*!);KVQFDQ&UXZE7)W+%"O92:2M<5MJ.U/6X8Y)9Y)6/<WKUU=WRI[
MW"F@$=!@>8MO<+FY!M^*A/-&W(NALR1QN2*W&O'$]ME7(Q\'%_=Q1:(O"J.5
M-0)K>F-W?-FKCL;#D97/@B3%V*=Q*]>*-K7I:CD8Y[46:35.!RL7IX51S>%5
M @LEM_>-N&O'V'*/I.LPR86M+;1SJC8[\4KG9#BF=US>J9JQ'+(K6][T. M/
M*[';MI5[WI%+9?,_J$5MGI:MAK7=IDB5;-M58]RM[G5MZ.]8G2!>0
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MGC1'?^39P=[[K^)4U[T#/8&^]Y\P*^:GH35,.F*@7%HS1EOBS;$XIK&K7?\
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M\EK5J?E]3CL3/L=AM7Z%>Q*Y7O?7I7IJ\"N<O2[2*-J:^[H!>
M  \RYI<P-S[+R])M9*MRIN1B8W"PS.;"M;+.>B1RSO5R*^JYK]7Z)JU6HG[Z
M <N^]\[XV;DL7B5GIY.QN>"+'X:S*C*R5\LUS(Y9IV<6KJSVR]8B-U5')P?O
M(H#>V^-[[6W'0VW'8IWK6ZHH:NWKTS60)5O1N9';DLQ([Z2)S7];&C>GC^C]
MU% ^[RWUO3;^[ZFSX)ZEBYNML+=MY&9K&)3?#HV\MJ+C;UB</TD&FG$]>#W
M&ZM];TQ&^J^QJ\]1]S<KH9MOY25&)V2O&B]N;8AXF]8]$C5:^FB/5VB_,4#[
MG=\[TH<PX]@0S5%N9N6*[B,L]&)V;&M1SK<4L'$BR3M6%4ATZ'([5?F. 9W?
M6]*/,./8$$U1;>;FCNXC*O1B=FQK4<ZW%+!Q:R3M6%6P^XY':K\QP"]OK>D'
M,A.7;)JBW;T[<G2RZHQ.JPR(YTT#H.+5UI'QK&Q=-%8O'IWJ@>J@
M                   IUWE7MFZ[)3V'V79/)7H,DN621J6X)JFG9DKR<&D;
M(6ZM:WA7H<[77B4!-RKVU-VJ>62T[*VLG'F5S'6-[9'9AT;$D;^#A;$R+6)(
M^'AX%5/=50/OLLVW_?\ 66OQ7\5_'/QCK&]L[7\W3CX>'J>I^AZKAX>KZ/?
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M;([,.C8DC?P<+8F1:Q)'P\/ JI[JJ!<0
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
I                                                    _]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>g61427dsp093.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp093.jpg
M_]C_X0 817AI9@  24DJ  @              /_L !%$=6-K>0 !  0    \
M  #_X0.@:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O,2XP+P \/WAP86-K970@
M8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(>G)E4WI.5&-Z:V,Y9"(_/B \
M>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)!
M9&]B92!835 @0V]R92 Y+C$M8S P,R W.2XY-CDP83@W9F,L(#(P,C4O,#,O
M,#8M,C Z-3 Z,38@(" @(" @("(^(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T
M<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R(^(#QR
M9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B('AM;&YS.GAM<#TB:'1T<#HO
M+VYS+F%D;V)E+F-O;2]X87 O,2XP+R(@>&UL;G,Z9&,](FAT=' Z+R]P=7)L
M+F]R9R]D8R]E;&5M96YT<R\Q+C$O(B!X;6QN<SIX;7!-33TB:'1T<#HO+VYS
M+F%D;V)E+F-O;2]X87 O,2XP+VUM+R(@>&UL;G,Z<W12968](FAT=' Z+R]N
M<RYA9&]B92YC;VTO>&%P+S$N,"]S5'EP92]297-O=7)C95)E9B,B('AM<#I#
M<F5A=&]R5&]O;#TB36EC<F]S;V9TPJX@5V]R9" R,#$V(B!X;7!-33I);G-T
M86YC94E$/2)X;7 N:6ED.C5#040Q039#-C(P,S$Q1C!!1#9%149!1#,Y,D%$
M,3(V(B!X;7!-33I$;V-U;65N=$E$/2)X;7 N9&ED.C5#040Q039$-C(P,S$Q
M1C!!1#9%149!1#,Y,D%$,3(V(CX@/&1C.F-R96%T;W(^(#QR9&8Z4V5Q/B \
M<F1F.FQI/D)H=6UI:V$@3F5G:3PO<F1F.FQI/B \+W)D9CI397$^(#PO9&,Z
M8W)E871O<CX@/'AM<$U-.D1E<FEV961&<F]M('-T4F5F.FEN<W1A;F-E240]
M(GAM<"YI:60Z-4-!1#%!-D$V,C S,3%&,$%$-D5%1D%$,SDR040Q,C8B('-T
M4F5F.F1O8W5M96YT240](GAM<"YD:60Z-4-!1#%!-D(V,C S,3%&,$%$-D5%
M1D%$,SDR040Q,C8B+SX@/"]R9&8Z1&5S8W)I<'1I;VX^(#PO<F1F.E)$1CX@
M/"]X.GAM<&UE=&$^(#P_>'!A8VME="!E;F0](G(B/S[_[0!(4&AO=&]S:&]P
M(#,N,  X0DE-! 0       \< 5H  QLE1QP"   "  ( .$))300E       0
M_.$?B<BWR7@O-&(T!UAWZ__N  Y!9&]B90!DP     '_VP"$  8$! 0%! 8%
M!08)!@4&"0L(!@8("PP*"@L*"@P0# P,# P,$ P.#Q /#@P3$Q04$Q,<&QL;
M'!\?'Q\?'Q\?'Q\!!P<'#0P-&! 0&!H5$14:'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'__  !$( W "J ,!$0 "
M$0$#$0'_Q "X  $  @,! 0$             ! 4" P8' 0@! 0 # 0$!
M           ! @,$!080  $$ 0,# P($ @4* @@ #P(  0,$!1$2!B$3!S$B
M%$$R46$C%7%"4C,D%E:!D=%BDE/3E!<(H4/!<H+2-#5U&+&R@Z)C<[2U-C>S
M1%0E)A$!  (! P($! 0$!04       $"$2$2 S%!42(3!6$R0@1Q@9%2H6(5
M!O"QX2,6T7*2PC/_V@ , P$  A$#$0 _ /U2@(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MM^+&6)1MRM3M&+2M%2FFBDD=A=VT?XQD/U=F?\'074'+,#;MRT<?=AN9*/Y
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M?375R*,A;3ZL[>K(,1\I^.BI%>'D5$J@2A 4[2BXM)*#R VK?1P9RU]-&?\
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M<(FSIV/'4TV3MS4_F9FH\.\RJV(XX[90V1.36:2+8(-!W2?0&9^KON0>UH"
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M'31V=V=!L@\H<7GS,^'C*9[];+#@YHMC>VQ)7.R!O[OZH@B-F+^DVFB#KD!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!!JFJ5IIH)Y8Q.6L1'7,FU<"(7!W'\
M'<2=OX.@VH" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MWF#_ $8R9!ZJ@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M;6,2B-G^]I->CAZ2@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M;V@_;'5F_!D%@@("#X1"+.1.PLWJ[]&0?4! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0?#D
M",'.0F !;4B)]&9OQ=W01:.8Q&0<VH7J]MXWTD:"4)=K_P"ML=]$$M 0$',>
M0:Q3XNB\M:2[BX;\$N7IQ 4Q251W:ZPBQ%*(2.!F#,^HB_1_1!PN5NYRO-3J
M\6QF1QN$.7>%-X)>S-#8ME'8(8>Q(\(;'<V"22+8),XB^O0+?!8&[+XQSN-M
M068)IXI-L(=R&8]*<3,([=I^XAVOIZ]608\XI9N[QG&4K-((L9$=9RMC!+DS
M'2G(Q?(QHQCN9I7$!T,M'=CZ;4'&%@N0G8M23XNU%//6BBOQ'4EL%!78:#=V
M2QII?'2 W^*W7[V_%!?VL7R"3@V'Q\]-XL!7OE);L1UCGL'6[MCMF^(.$V"+
M<41C&^_MMHVSVH.=GX_RJ5Y3;&3UKQU(HK56.E*;A2&K5&0FL$[M,)-"8-2W
M.[&[OU^H=1-C^1R< ''0T&AP07@D*<(#:U)2;([S)\2\.QA*']1P;H_^ZT?:
M@KJM7%;Z4.2PEN \=2EFM6(*-P;%N#LSQP4J_;%Q@$ZY]R6)C%F,F!AUUVA%
MKX:])D\;D*F.,8))0GH8J+'S-5K6RNQE- )R1Q%58*XB;S"P,9,3L^FH.'6<
M@R/D&'FCT*(V2PLL\,?R0A8Q ,@(#O8]OI4*I,Y?AW1U^B#EJ&+Y?NL7XI,G
M4RD%>Y>C$:[,'<;'4^Q" E#LV22PD) /5]NG3ZAUW/LOS&MR'&QX8;C0"-8Y
MAAB.2"1I;#QSL^V"5M8XNK[Y0VZLXL3ZZ!3PY+R'0K489KMRQ-DSI4N[9AB$
MHILC5$Y9AVQ@VE62$WVZ/MW.S_D$WR!F.7T^0]G'VKU=YNW#B:\$ G5GWUK!
M2/),49,,S3@#"+FW\NC/N=!"R/)/(-S,P2XIKM?$R66:J4].<'.1HJFH21_'
MD-HG<INLCQM]S[_:R"MN2<TMQ!+;/)VI*-V=H)OBF,<A3U)6V'7.L#B(F+,[
M/OC9R]LCZ] MJ]GG]_)0TGNY6M#-,?[O,U:.+XTXQVR:&I(<+B4+]N+W^_\
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M-]&02$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MG(F(B'4@?:.C$[=?5!Z&@(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("#D:OD
M6C-F\G0FKM#3QCSC:M//$4L;U]-Q356?O1QR?^4>C[NGIN'4/E3F_"\CEH<'
M$#2-9C&6)Y*QA&\L<APM"0R .R6-Z[^TV9VT0:LKY+X#2QURXU@+)5HGE>((
M9'>1SA:VPL7;<?=&PF3_ ,K:.6G1!90<QXE+D8XSF"+*D,<3;XCW?K'&/:";
M9L/264!)A)]I.VNFJ##)\@P%:C3RM>C^X196Y6K#8@A9VUFF"$9I9"9M !]/
M<_KHVWZ(,*7(JLN4O8[)8C]NAK5SM0RRO&;2583*!SDC%G>+5M=C/KN!_P"+
M,$JKSCB=C!V,U!?!\53VM8G<)!V;F%PU A8]"&07%]O5G9VZ(-F$Y9QG/69(
M\9:&Q9K!N,7CDC,1(W F;N"#^TXW$V;[2;0M'02\I@L9DZT-:W"Q5X9PLC$S
M,P.<9;FW#IH[._JWU0<[QCFN!Y 65ECJ0Q4\<&I6NY#*Y0,\@?JQAJ<7MC)V
M$F^U_P =PL%A4YCPV?$6>05[<7P*NC6;?;,"'N,!-J)"TFAL0$+Z>YM';5D#
MC^>X9F9IJ^'*&66$7.:)H"B=F,S ^D@!J[2,0FWJ):L6CH*ZORJ67D^3Q^.Q
M-)YZDA5CF.[%#9F,*X3#^BT1'L]PCJY>C:_1!:\0Y!D\Y1EN7<:.. )I8(A&
MPUAS*O,<$COH$>UM\;Z>NK(+U 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$
M! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0<
M3E_&IY.Y8FGS$S [67QY=J/Y-<K8D)A\GI*<#;RVQ=-&Z:^T= AT?$I8_L28
M_,/6L02E8C(:L7;&4IBE]L6K,P,TT@[?S9]=6ZAF_B=H\*V/IYF:O8V20%=>
M&*0GAFI0TIA<']NXFK";%]"^FG1!"S7BFP,>5NT+<EO(W*LU.EJT<4D)6)8)
M(YBG)W)VJ25Q.,6]!;1F=^J#MK''*DF"IX:(WAK4BIE$[,SOMHS1RB/7^EV6
M9T%/7XAEZD')#DR 9*?-1SN&^!HI6(Q(88GFWDSQQ"6P!VLS>OJ[NX1\5P"\
M.".IDLH4UNZ-5[\O9C%]:@Q-" ,#[68>T^Y^NYRUZ-HR"UQ_$GH9/]PKW"[C
MO88P.-G9PM73NF+:.VCZR;&?_*@EQ\3XW'F'S(8^$<HY$;W&;]3<3.)/K^;.
M@H:/C[]JHY8*MHK9349J&+KD 1-#"922C$YC][]R73>7T9OKJ[ACBN 7AP1U
M,EE"FMW1JO?E[,8OK4&)H0!@?:S#VGW/UW.6O1M&06N.XD^/RHY""X3D[V6D
MC.-G8@MW)+A"SL[:.Q2[6?\ !D&BGPVS3Y3;S45RL\%RP]F6 Z0%89W@"%Q"
MUO8F']/7[?R07."Q 8G'_#"1Y1[]FQO)F9];-B2P[:-_1>71!/0$! 0$! 0$
M! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$
M! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$
M! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$
M! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$
M! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$
M! 0$! 0$! 0$! 0$%!Y S]WCW",[G*48RV\=2GLP ;.X;XP=V<V;JXCZE^2#
MSCFO,>3\9XS<QU+E\.8Y#>M5(,;;:I')8I]Z K,Q2P50,9(RCA)X_P!+5F+J
M[^J#H.*\^R'(+%Z[#*P4).-X[*U:^T=8;-E[;3L[Z;G<2@$79_1Q0=5P7)7,
MIPGC^2O2=Z[=QM2Q:ET8=TLL &9;19F;4G?HS(+Q 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0>*^8?(7D[&^2>.<+X65&J>:K22A:O@1@<HD6H:LS[=HA]&^J#[
MXUY]Y3#RK=X#S\L?/8;&MDJEC'BX"S,8CIJ["Y;F)_ITT077D"#S[6S\N1X1
M/B[F#$(G;#W&VSD8?UC#(["+;_S- \8^;:W*,K-Q?D6.DXWS6HVL^)L:[96%
MM2. BTU;Z[?PZZN@]/0$! 0$! 04O+.883BV/BNY60A"Q/%5KQ1#ODDEF-@%
MA'IT;74G?T9!%Y3S["<:R&.HWX[$DN2?V%!'O"*-IHH.Y*[N.@]VS&/MW%UU
MTT9W04-GS5PQZ-HRK7K ";QA5&LQG:KN$YO9A!RT.OVZ<Q.3Z/H#].K:ALN6
M/&_"ZN(R5+ #%1L2/)5OXVD':KM<[43S2&.S8TF^,>FI.WHVC/H%+D[GBR'(
M9(YN%2S9#C8_(-_@P1FU5YYS*U"4TD3=EIPE+4G9WUW,SL^J"VJ9?@7!^(U^
M28OC=C&8S*Q16;4-*F(2PPM$\K26@$F&-HP)^FKOJ^T6=^B"7/Y<X]'9RT$=
M2[8?$68Z!E $)]^Y-($4=>$.[W=Y$?J8"/0NO1!*Q'DWCV6RV,QU6&XPYFM\
MK&W9('"M*S1-,<0F[[MX 7N]NUG]NN[H@ZU 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$'A_P#W-5+V)#BGD:A&<LW$<@Q6HP?UJV7%I/I]7!AU?TU00_%6$Y1Y!\AQ
M^8L]#^T8R&$ZW&L8&G<EKF)!W)R^HZ&[M^+^G1NH7OEVAY?P>1L<YX;FVLXR
MC78[W%;(:Q%%"VLIQOKZN+.3Z;7_  U0<SY2+'<_\28SR[QH7I\DX^(9""8/
MZT!A/2S7D)M-6C=G)M?HW^L@]JX1R2+DW$<1GXVT')58K#CHXZ$0MO9F=WZ;
MM=$%V@(" @(""BYOQR;D?')\3#,->2:6M(TQBY,S5[,<[MHSM]S1:(.3Y?XC
MMYS-4,C#FI2""P<Y!?8K)U=]B"QOQQ,4?QY!^-VQ=V+02?\ RA3OX.S80.5?
M-UANU ^!B9#K&\88YX;D#C,+2LYS;<D;[A=AU >G5T%WGO%62M82K@\;FR;&
ML<7?'(1_)D@:#M]F7'F)1/7EA[;[/5O=K]$&K*>+,]E;W(;-[+5M,W'7I.U>
ML\+RTHKC3DUO0W:65JVM8#9F]O5_71!9<Z\?Y?/8_(4L?F&"OEG8+M3)1?,K
MQ1M&X@=,&*(H)8I-LH%N?WBR"DR/A_-VLV68CRE&.Y0D"?#2M2>,Y9!M167?
M)E'(/R';L;&(=K^YR?J@G<;\797$9GCLTF5@GQW':I15W"L\5R0Y8'BGB.9C
M<7K'*_?V..K&P]>B#T9 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$$+-X7&YO$7,1DX
M6GH7HB@LQ%_,!MH_^7\'0>">.>69'Q!RI_&/-97;CEF0I.)Y^75HNV9:M#(3
M^T6U?_V2_)V0?H4PBGA(#9I(91=B%^HD)-H[?FSL@\^QG*/!5.K9X;C\IA8*
MLLDM>SB FB$#.3490<7?1]?0M$'<XC'XO'8RM1Q4,<&.KQL%6&'3MC&WHP:?
M1!+0$&$VO9/377:^FGKZ(/'\3'F.,<.P]K6M@VR<,)7<M3K2V9O94*2(; 3,
M?ZDLSL+OIZZBVA$SH(6.Y#R>E9R-JU/-A6N2B5ZT]<[35Y-UV4(0C-C9F.7:
M'I^ MU(707N%YGY!L\GI8F_6>N$T@062[#L(2LS9"3W.VFWX<@P?^OK_ #((
MF1L\FJ\JSEJEE+#28X\C9:L< R@\7;QA10,SBV@2>_1V]W1]KM[D$_C_ ##F
MUNCRR>YVQGQ]2Q-5KM&1'6M1O-LA<6BC8FV@+[2,R?UUVDR"#DN7^0\=F+="
M.=K7Q:S.'<@UDEB*H,QW1AAA]SQSD0:-(PNP[=N]]7#"YSOE4/R/V_+29!X8
MS_;!/';&O0]N8I;;DPLW]G(&9G#:!;?M_4%!&SO(>9U,R.V_->RN+CME6HO4
MV"<?P!(+AE$&A:G(>@=6]NUFW"6H9?WIY3D1Q5?(Y%PB._CRHM7@>1LB#901
MF<YQA@8>Q& N[QB(.SZ]6=!<YK/\NK<DRH8Z5Z].E,]@HAJB?R=O[>';(W;7
M1QGDZC[O3K[4'.WN6\TE@&T^4E:WC[EB.&>&L+UI)9:4KQPN!11G[##^KD'<
M+OHY%T=!>7>;\DJSGB7NR?(IS6H\K?*HSE7JM<JQPVG9@:+7X\QDW1Q_F=M!
M=!5OR+D5;.6[$63GM!8CAD>[-2V_&J''4CDNQ0..HLXO*;B^K:CKIHSL@EP\
MNY](4EF*]NJ0$%>JYT7<;,<HVVCN&,8]WJT$4FV-M/7I[F9@[7QSFLEE^.-9
MR,A3V GEB^2X@PRB#]#C.,8AD#KHQM&'I]NK(.H0$! 0$! 0$! 0$! 0$! 0
M$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0
M$!!SO/. \:YS@)<)GZS35S]T,P])89&])(C_ )2;_P ?1T'YUYSQ_P#[BN!<
M5M<9QEZ;/\/FTBBRE2-Y,E6K:Z%$PL^\6<>G35OP<4%-9R7_ &N3>+[^*I5'
MK<FJ8^9ZMC(021W9+K1NX[I8]1=^Y_+KM^B#]%>"')_#W$G=W=_VZ+J_^5!W
M: @(" @(.2K^3N-39.UCW>6.2G,,,TI]IXV8N\W<)QD(@'6L;?J,)>CZ:/J@
MBEY6P<MAZ,$<T%THX98QL@'I+)!&[%&$O=!Q^2/WB+>NCOHZ"#_U=KEBY0CI
MF>?"C';CJ#M*,Y)2A 8A$3>;5CMQC[A%BZ[7=!MO>8L#CYI)+L<D%88V'XY]
ML+0V(Y+ V8S8Y!B_1&NSOM-W+<VW=JR"WY/RC*8V7$S8^.K-C[LD0'WC(9YN
MZ8^V 6T8>W"YS&9]&$>NG4F"#4\BE<PW*LW!7#]MP@N^,/<Y':9JHV&,A'J(
MR/(+ WJ[=?5]&#?6\FX@MD<].Y%-'(,&3=X@V4S.;X\;SDTA:#)+JP[-SZ=2
MTT=!]G\GX&)H=M:[.4U8+KA#"QE' 4#V"(VW=-D>CDS:OJ0LVKN@O>/9VMG<
M3#DZT,L,,VNP9MFKLSZ,0E&4D9B7JQ 3LZ"R0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0?GO\
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M[H'H?!N-V<#B9J]IP^39LG9E:*66<6<A$-.Y-H1= 9W]HM^7U<.A0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MU0VJ@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @("#S6/R;R.U8IU:>/HO/E=9L>\EB1QBKB%E
MW:TPQNXRZU?0>G4F_EU<+&UF[N=M\?KCD)L!2RF*DRQ2P%#W3D%H'&%I)@D#
M;&,SF6@ZOT_EU0<^'D;E][B,URJ6/@L0Q15VM3R$$TUDHXY_D15V%Q>*2&3<
MS;M?YO1D&ZQY&Y3<R.'JTHZ%62_.\]?NV"[3U6AMB\5M^VY!)W(!-F#ZLX_R
MOJ'S_K)E[#2S4<(WQNW$$!SE((M9F@@G;?(P;'#2QM]NI=&+31^@=AF+F>K9
MGC#/9BAJ69Y(<G7C!R>61J4\K;9"?VQ@<6NFW5^G5NK.%9XTR>6L1VZV7LE;
MR#15;KSA:BMUBCMM(X=DHXH=G6,O8^[IM=B?5!5Y7)YW]_GJT\[9/&V;L=#(
MW6" (JLTLS/'!3=P+WA"W;E(G+W&/H6K,%<W(N56\:-NCG"DOMCI3N=WX]>A
M7C*$XJLTDK@6VQ8L,,POKM8-?;MTU"_J\LO8WA\LC"=G+U\@6,V6IBN=R?N?
M^7)7A IF8'U9NV/H[%IH[H*JASCD>:X?R?,]T*0C4J38P8'8I:Q3U DEU(AV
MEH9NXOH@TAR'D!VX*3YJ<8\O.\-F3]#N4&BR!U1&)]GM*4 [;N;%[V=VZH-U
MSD_))N.XRT>5^&_[;?R,=N$8V*U+CQC:,96,2#9-O>1Q!FU;T=D&BKR7D<]N
MC.>4G9[MN":S29HF&MIEQH/6T8-VPX9"$F)]=X;F=NJ#J9><V0Y_!QP:T<E&
M:0ZQ6A>3<%@*CW'8G(&C?V:>P2=VU8G=O1!5T_(G))<JT4N.ICCWM!%W!GD>
M;LR9,\8+[>WMW[P:1_=IMZ>O5!:^0\YDL?3>+'S/7E^!D[SS#M<O['6U 6W,
M[?UDHE_[*#GLAS#.<3XX5N2K=LW97EG:MEIX;$CP5H.[*43T!D 1]&<I'%A]
M?P9PUW_*'(/W$0&K!4@KVWF*'4Y)+./CAM$?;-A[1$15Q^P]1+V$S:=0!Y8Y
M3)CY)QPM>.6O6GNS#/)+$)Q1C6>,8F<-^KO<T<B;31MS:ZZ(+W)9;,9/@6=M
M23EBLMA_G"4V/D9Q>6D)N#B\H/["Z.XN*"EN\USW'9I:%0?W=ZN/;)6+&2LN
M)E& =TP#M0Z,1;MK.[:()$7DS.GFHL++BA*:*=JV4L5BD*,>[;.I')"9 PCM
MV;R[GK]H]4'9<2R5G(\>J6;1,=ENY#/(S,S&=>0H2/1O3>\>[_*@MT! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MDC:J=0MPRAU;LRPDVC,W]%_31!79.YXDQ,/P8<;B[<O[A7IEC:T-4B&Y.Y1
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M^OUU07R @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M$MDD<;"0ZZ/Z^O5!(;@_&V81&N0B#DX")FS-NMC>T9F?T[X,[?ET]$'V[PK
M7<C=OV(Y"GR%>2K9%I38'":,89'8&?02*,!'<WX,@VX_BF(H7+=FNTS?,[F^
MN4\I0!WB[DSQ1.6R-Y#]Q.+>J"%6\><:@CL#LGF.W'+#9GGL2RS2!,T(DQ2&
M3D^@U8Q%_HS?FZ".WB[B8N91C:CD+1HI0MV!.$&*1^W 3'K&&EB0=!^A.R#9
M#XTXK!$4, 68H'CC".$+4XA&<31[)XQ8] F;L _<;KJVOJ[ZAODX%@3PU/$L
M5N."A8DN5IX[4X6!GF[O<-YV/N$Y?(DUU?ZH-,?C3B$6\ JFU8Q:,:7>E>N
M.822!'"Y. C,4(]UF;W]=?4M0WW.!\>MXJGBY G"K08XZKQ6)HY!AD9Q.#N
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M[?B@^H" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MQ%WZLS;?IZ(/<X?ZD.NOM;KZ?1!F@(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MYD'Z$HO,]*N\T;PS/&#R1.6]P+:VH[_YM'Z:_5!N0$! 0$! 0$! 0$! 0$!
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M&TXZ..JPTJ4+:0UJX#%$#.^N@@#,+=702$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MM1:*/L00QQ@W3=8<1!A?J[_B@^P<MP!096[6QG<H8N2I''-%"^^8[ PO[(W
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M9QWO]VUNNW31]/J@@7:GCZCD[-JU;[-K"%&>1$G=V9LC9DF@&342=Q*>4]K
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MI30P067[>0*07W]K5G8XR'7WAMZ,_1_Q9!RT?C'(F=5K$U5ZT,U<K-<6D<+
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MC^B#=CN)X67$5^-Y&R5VWC!.>R[$0%NO]\=SE]==\FU]==6U0:Y^.<,H/?\
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M>/:K&(Z:Z[9-VY_RB)!MH7?*YE0&RY@$ALUDOCCJ,OZ/<C+V-^E[IMI^UO\
M7+0=0TXY_)%.D'9>R 4Z]78%J.!FFETJ13?)D(6-V >\^[5NC:Z]&0=-XZSE
M[*5;_P NQ8MM%9$:\\\<8/M^)6DD'="(QNW>E/;]=/Q9D%-DN+9*M;N6L)3*
MA9;*SV8+%2*%B*(<.01MH0D+@5E]NCMZO_E07/$+/-[%K(OG6>)MK]B%XV$
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MEVB.0&D)BB"6>*ONZQ]=LD[-[]GX>KZ((U'R=+.]0)\4T,N0*N%00L-(Q27
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MQ6I6KS=\ KS# 0Z&T8B\C?);<+[6Z="?44&5CRB<$(3/2B*6:JUJ"M'::1G
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M:W&TC$>W374FF/=UT+75V=V9!==&]$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M--&U]$%3X9XE=P?"GGNTZM6_D(!*08:LE>X[COZ7"DDD>63W>K"/\$'G>/\
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MZ_:Z"\\(8/*<7R$?[U0DHG?P^+"JU*G9""8S<WE*]J\NV[%(6V0BVMLT?\=
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M#2F528I#"&5W."J4["["0BV_KMZMJ')8WCG( Q@Q7,/DSY&<%$>&6QAGV4I
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M>%Y.U/(PWL]*\EG3X5F"*!I:S,1$^W?$X$^UQ'WB_IK]4'D ^1_(.-XC4O\
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MR?RZ.+#VOWB1J=-Y(\X#P4/FQR!DWJ:W*V_2:':+Q=RE(S[_ '[=-!0>]H"
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M$(YZ[!3DCF +4]MA)Y:YF'NMF/Z9"^W3ZMJ@D9OQ9@<YE;][*6[UF&]!+"%
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M00<=X*P.)JTX<1ELA2FHRQS06F^+,>Z.M)5?<,\$L9;PF)RU'U]-$%I!XFP
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M>C,@Z6C7FKU0AFLR6Y!UW6)6!C+4G=M6C$ Z,^G04&] 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M:="_+1W#H^!\\CY8%[^P28^:B]8BBE,)-T5VK';@/<'1G[<K,0_1_J_J@ZI
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M=D8,(_@S()J @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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4 0$! 0$! 0$! 0$! 0$! 0$'_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>g61427dsp094.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp094.jpg
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M$0$#$0'_Q "Y  $  P$! 0$!            ! 4& P(!!P@! 0 # 0$!
M           ! @,%! 80  $$ 0,# P(% 08"!@8%#0(  0,$!1$2!B$3!S$B
M%$$R46%"(Q4D<5(S%A<(@6*1H7)#-)2STR5U5C>QP=&"=**RTF-SDT14M#55
M-A@1 0 " @ $!0(#! @'       ! A$#(3$2!$%1(A,%87&!D:$RDB,&L<'1
M\5(S0Q3A0F)R@K+2_]H # ,!  (1 Q$ /P#^J4! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M<$]F20*=>Q (41+)'<WB15Y#U(#'_ ('WBS:[>K!^U(,UC__ )BYS_W5B_\
MT]Y!I4! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MQ!JXB4\(R$(Z]=&<NB"T0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M6:*I5-WMA%1G[,D-IGU'^HUU#:S:>G7U00H?*?*:F5N0&-3*F<H6-:LFM4(
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M(RC$@&4S[CCIJ\;"71]79M?H@Z8C*\,N/;K8FC7DJ0U7N2G%#&$9=TI:\L9
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M/^2#-X+Q/5I%$UFS4EAB[,4].G2&I7F"&O8KEWHVEEW2R#;]YZ^C,VB"SP7
MJV%K8.&7(%;+"V[MF"Q9 7ED^;WA8"/7[@&?1R]2TZ^J"WGI33\MIW'9AKT:
M5@!?<VXY+4D6K;?70!K^K_WF_!!D<?XBA@MSV+V8*WW8G@LNT;A(8/7M0.9R
M'+*_<<;KD[MH/3VB+=$$RCXU&GQ3(8,,C'';NG!-\Z.OHP_%>/MN44DLKG_@
M^[4].O1F;H@@R>'89[\F0GR036;NZ3(F]<M"F[DLH' +3;(F$IO0F-]!;0F+
M4G#UE_'EJAC*EG'SR7+V*L2VJL81Q"[G/9KRN[C++$!,#0/[7D'=KT(7T0=Z
MO!,M>X)BL)?O-3R$$DEF^##O _D/,[QR!#)$WM>;<VAN.X?U#ZA /PE1L1A1
MNY/NX]HZT<U6*%X'G^,T3-)-ME<"-NQ[#$!)M?<Y]$$B;Q,$F2DNV<N!Y"P\
M=D+!5_W?GPQ1!WV9Y>WVW[#$48@S]7;?MZ(+AN!SR8 ,99R32V/Y&7)6+00=
ML3>Q-)++$,32/M;;,0B^]W;H[Z_4/N)X0,&-RE#)9$;\N2JQX\I A&!@K5XG
MBB;8Q'J;=QR(M6U=^C"VC(*O_2LAJ-6ES1%4ECCDRQ% +2SW(0D;Y+2;_P!M
MC.7>8:/Z=';5]0D\4\?5<9GGS;9"&\;B3DX1.Q-8ECC"4F-YI1$'[>K P[FW
M:.1,S(*J;PW,979CS0R6+; +6)JQG(+1G.0R]QK R#,/R7T*(@%M/MVN0N%Q
MR[Q[)R ,<Q9<XJ]&$ -I0>7N%')'*TWMDB!C?M:.Y"3:.^UA?J@]<G\=%G,V
M61;(M3"2%H90BA_=-F$Q89)&D$9(_?NVF#DQ-[29M605&<X#EL9#2R&#.2[D
MZ(E! (10>T97M.9D$TT(&W]7MTWL[?=[NHN'+%>'8HQQ,UF]&=F".!KL)1/(
M!-#VCVQ.TD8L['&_N(";1_M9V9T&BY!P:UE+UZ6OE/ATLH$+9"M\<)2,Z[$(
M.,A$VP78FW#MUZ=';5]0S\WAZ2:6[,6;"2S=VL,\M<SD'MG.8R-(U@9&F%K/
M0HB 6T;V[7<7"^P/C_\ C;65.?(%9K92%X#@"/LZ[W)SFET,HRG+?HYA&&OJ
M3$75!7Q^+Y7:<[^8:>S/CIL.$@UAB%H)(!AB?8QEJ8;2(GU]VO1A9D%CR+@I
MYO/8_)?R7;AQQU#^(\92,TE.Q\C4-)  7E;03<@)]&;:[==0KLOX_P GG<QF
MWNW6JXB>T%FE",(&92MCXZCRO)O9]C:FVQQUU;7=IT<.&?X)?NG/:P^5CF[=
M\+U&JT49O!8GLP'8DDD>1NZ !&9#'H+]=-7T'0.W^E<SO.)Y=CAOS?.RD95(
MR:6ZQ2F)AO(A"+=*VZ(F+5ATW=2U""WB(Y?C1'R#N1UY8YPK-%(4<113]\1K
M =F3M@3-M+?O?^ZXMT0?H>'Q[8W$TL<Q]UJ5>*NTKMMW=H&#=IUTUT02T! 0
M$! 0$! 0$! 0$! 0$! 0$! 0$! 0$&(\EQYP)<->P_R7N5"NO"-<.X#RG1E:
M+NAM)G]S:#NT'=HS^J".&4Y#'PC+SUY,C:V6QBQ5R>!XKQ5#>$9)3C^.4FD9
MG+[FKN6P=6%WT=PQD?*^?!7M=V[D0RF/ID;UBJ,U=H&>ZQV+$AP@XR-'#$0;
MG!R?;[7W$R"TCR'/9PDFIWLO)BZ\!RUK$E0 M3"15!G<HB@%R.%I;+PBP-N=
MFZ$S-J$F7*^2!IQQXSYEKYD=L\=9M5V"1@QYRR0?(%PCV%<$XHVW"+NPZZ,[
MN@LL%E>7!X_S-RR5JW?A>3^-)H9 M;>T&OMGK0$;C*YNW]._3HS'IU"GXW=\
MBV)(Y[EK(#'2L50BA*#0+$,^3.*0I7EKQ2DPTR9]=H.S:$[(++E0<H?G,/(*
M6.>:AQ]X*C&YR#(87-?FO# ,9-*##+ 1%O;1XG]4&>Q^;\@7K$\%#(Y*Q;K4
MPN30SUHHA^>].>3X[.\(ZUSL@+"[=']!-V0>JV9\IO)C!&Q9*D<Y=FP=:RYG
M)N@_:L,]*,W#W2Z.01#IK[WV,Z"4,WE"O5"Y6N9"Y=>O!+'2L00M"\]F&VT@
M%MB F&,X8-&W>UWZ_<@\8Z[Y)GB"4KU]X*HG/!I6)BG)IZ@O%/\ (JUY";0Y
M^@QCT]'?;J@M8WSV+\98VI2+(M>:V=:S.X2/8B'O2N3GMKV)-FX6%B")]=6Z
ML/N05-3)>3SQ<.1LSY(;,^RO<J#5!NS"U&K+//#%VMW?&5YMNNK.7M87Z,@L
MZV(R%OQM/3CAEM2V<Z\L392J>Z6$LR,C2V:^V(G!X_>7M'4>O1!4Y' \EXK/
M>BQ;3-)D0KD5C%5CAJUR.2V?9AB"*\8!N&/5A'J9ZDXB2"_X/<YU8RU*WF9K
MCPW F"U3F@"*&%XZ]8XR'0!(2>4Y6ZEH_I^E!59>MR;.9+^.NED9:O\ )QGE
M*I5Q&I%'#E(FIM ;P[98SJ[I)/<?HSEM?H@D\SP^8EYAEI:=2>6OFL;!A;,T
M8$XC$;6)GDU;I^V(&']L@_B@J,38\E,88WN7*%0(:-88HJYN\-5RJ1M)$1UW
MA&1@*7?K*;_=J [&T#E<Y'SP<A-3K9#(22,+EE *!V&O&%N2(3J2059SD$@"
M-B( DZ.[]'UT#<<1FY?_ !&8R6:EM6,B$<8U:31!$#N%&&1R@C, +?).9Z[W
MTW>W1M-$&+Q^0\GVZ=K^LR</Q1EL4Y&K:E*3M0V ?R*D!&(E+8]K1#Z/I[19
M!/MY'R%5EL5PL9.6S5.6+#M\43BM0A:L!-+;E&+1C"N$91]0W/M<6+<Z"!G,
MWSO$8ZT-O*Y0(X*_R:=P:T1RR6RKU#[4VV':, G+-UT%F?HY:B+(+3RUCK-G
M.Q2156F-\5/'4)\=/?,K'>$ACKS0]*DQ:>V4O3U^B"K/)^1Z%NM6P]2[$X%;
M-ZAPD<!O8ENFQ._8V=).TVXIQ^F@[7=W#N!<F/D3V:I96[@9J(U;5V]5>&Y)
M(_R7B#8T4;]@9CT-]C$VH_HZN$;$8//<>DKO+#+C8;-''A:O8#'%$0U!"1YF
MEA9K3E:"P\8D6UW[1.XLWNT#W?L^2,AC0CE:\_)6GQ\E2C-48<8(1R59([$\
MH1ZC)W=[R")OI[F<6!M4&BY;#DKW'.)Y*M6NV;N,L#DRBFC?Y7=JTIS()1 1
M9CD)GBZ,S.1:-ZL@I<?/RS!S9%HZMX'S%J6R+0UCE;Y=@J$A.;L!,##&<H[B
M=AT$OJR"90QW*,K/CL5R KE_&96N$N2>S  =B2>M>"0(Y C!XMKQPNW7<Q:=
M?<@A35^<8W"T\A5:>;-Y&&>3/9 J[C,PA:IP#M8(ISC<*H%M$ +]1[7=!6Y0
M.9RX/+C>_DA_DZ<HG/1IR'+:LM3".K%+&4.\8Y <^X^P/<W79Z(-1Y$Q.=++
M_P SB:L]FSC<'9!ZL3%MM13&(SU6^CR[&:2)O7<+-Z.Z"GARGDNA9M%%':.K
MBJT4T6+"O*335JX0$,<1/ P=R4>X+LTQ&[N[;1VL@UO"JG(<QQ_*8[F8G8?5
M\7,$L;1#.,4>V6P&UA]LQ&^CM^'1!F?B<LQ.(AN/9R196[\UI[M>JTL\UFB3
M5\57F!XY=D$D8D9O[1(W<G(=R#WC8^<Q<PQN3O/;DJV7FBRY-$VZ$/Y"0*L,
M#-&S=CI&\COJ6SW:Z:H.GD.*&O?Y!/D</<R-^U7@'C&0K5I+'Q'",O>,H,_Q
MGALMW9"U9W%V^[31@Y7^0\Y*(J0MDAEB>2"W;CK2A&QO=E[1A(-:P1B4 @S/
M$!="'5QZNP5=*MRZ[%4LY2&_6EFLT+F1EAKD$O=8L8,KNS1D3,VDCD+=/:[_
M *4&DBEY/FO'?*PR+23VQALXFO!VV+NR4HRKS3B ,SEWYV-]OX:,@]Y./D/%
MWKT:$ ]NY$>W^$QKPU_E/:KLSR1@]CMO\?N:F9Z.S/\ 5D%'D9N?#AVANW,O
M)3OT0GO2P5 EL1698K8C7CC"!W:,CCA8F<7=M6U=F-T&PMB=KQ5>QL$4DE^O
MA_B356 NXT[TA+M[=-7+20?3^SU09Y[?.X!D.S<R?PK<AE=DBK"<M2"/(R1-
M\4 A(M7K[-=6,MOO9!K;V2O/P#(S0%:?)UL;(_<M0]BSW?C;Q(@%A#N=6=V#
MHQ=.C]$&%/#YJKF\G;PD^1B"B-VS0[4;20R1O#BWKP@1Q$)Q2-$;;0?5]OJV
MCH-)X\N<SNY+,1\B*3L]6>O)%* Q2O+(VV&0H8!(.UM^PY/H6[4D%3R'#YO'
M<BI7,!BSFQ7$VB>)SEF>4WO2.]YH0<)7L?L$/J;;7]/P05^4S_+:O'#MR9'.
MPG#5L3W;'P _;RH0 0UP;L:_$8NYJ3CLU9M)$$C)9SG4PE!!#>*U1:YW)"IN
MX=YI+7QBB,H]I_M-%H0:MH[?5W0=9@Y[5R%J.K<R)14M+$9O!$_RY6:@VV<A
MA;>VTYV]NCZ-Z^WH$[AN7S60DSU6[;NVY1Q=:>:O9A&(8KDY6AG"JXQQ]R']
MH6 F<FZ="?J@KZU/D7$>)8N2K5 );-&4)X\/BRBE^1\'6J-B,'L&1M,SMO?:
M.K]=-4'J2WSV%HIK%W*?#NS6?Y)XJP225*\%]HXBK $)'J<)>[5C=QU)FZ()
M''\'#B^$<=O_ !I*^?ELXT)9)P>*P?\ 4-$8R1OIM?X\DFX=/Q0?I5.W7N5(
M;=8^Y7L ,L)Z.VH&VHOH3,[=/Q0=4! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0
M$&1Y_P ARV)/$PXZ4H'O33!-)'1FR4FV* I&8:\!"?5QZO\ 1!FJGE/.RRO'
M9AK0Q7AQ38NU&Q&'R+0UCNP%J74A"RYQ=>K"6OVH+[BEO*9N]E8,MCJ\(58_
MXO.'V^EVV/76/5W_ *?X\@DS%K_B;?T/J'&SY5H5\Q9PE;&36KE>4*U6*&6N
M[2$\PUW8GWZ1;3-GT/KMZZ:]$'K&^1YLSEL)#CL=+'C;L[U[UR?M^R9J$ESX
M[")N6X?9J>CB_5F_%!9W>=T*G,J?%Y(">>Y[0G&2)V$WBDF9BB8NZP[(G]SC
MZZ-U01^0>2<3@\L6,MUYGL:DX..W:0M6*<2ZNW0SC>$?^?1!583RAD+,$-2U
M@YY<W9(OA5HC@ +$;26&(Q(Y-(V :I:[WU?IIZ] KN)\WP>.M6"IXZMC^.V#
M:7NUH6@(&D=FCDG;7^R-]/1W;3H@TMOR5C8J\!5JLEVY\8KN2H020O-2KQ !
MS/.Q&.AAW19@;J3^B"ML>9\'%'/VZ-J>>O$$I0!VV)]>_P!P1W$S;HFK>[_M
MC^*#[+YDPM6[%1OTIZEH#(,C$11&5=VF* 79@)WF9R!R?MZ[1ZO^""VX=RS)
M9V[EOE4#H5ZHU9*4$FPI2CL0]W>3QF8]?P^CZL@@XORMC;]*>S\">%Z\-V>2
M CB>06HQ1RD$@B3E'([3,VPV9V=G^FCN%?#Y;GIXR6?+8F9I6EL?%FC*(()8
M(;AUGE(R-^R(: SE)HSN3?CT#I>\G6G@/^,I2V'AN5X[MHFA:.M!9N_'#46E
MUD<A ]'#73H[]$ /,- 9XZ34)[5PZU>:%HY*[%)).]<=A!W'[/6V/WO]'^FF
MH:7CO+H<W:GJ!5DKV:8.]X#(":&5IY8.R[@[ZEK7(F=NFW1_J@SN4\D9*>:G
M4P^-DB._>BAJW;#Q%'+4&SV+,P TC$SB3,PB>CNQ,7XL@E<NYKR#$\BBQM#&
MC<@(*1L3& R&=JV4!1,QD+#[1UW/T;\T$'B'..%6.2_"P^(:C=R[#)=G (1/
MY)0O:>.80=S=A$GUD^S>^GJ^J"=FO(M?&>0*F EL50HO7?Y@$7]2UB4)9H7
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MZPD%:W#'/"!CL)@D%B%B']+LS]602D! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M Q3,,<<$LXQL<9/8!IAC-@<8S'<'<Z"[]/5!UK>.N&!-%9@J$_:<2@9K$Y1
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M#;"1SV[GD^,)!KZ]=OH[H*["^-^2RX&K8KT*&/"?'P1'BF-W$GVU>Y*32P$
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ME=XZE2:%ZL$91C)-!<./Y ,<DA-^WM8AZ]?J@IN(^0.0.6(HW;E*[)))#7L
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M.0&C.]5@LG&+ZB+S1B;BSOZLVY!/0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MQ2,7:)W?1!"\C>8N9U\'E:&-P$^+RF+CQY9O(A:K3#CI;UD>S%M<?W^Y#]Y
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M-*<MLSFD[XR"W;(>F@^GH@T7!>#<CXY,4]K-16SR5J[DN0Q1UFC">Y:[0Q/
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M1_S5JVFLYB<2/>C*H(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M$S-&VGNC][Z:;>J#D7GOD$=)RGDQL=DJ<#T3%B[5V=LX>-FFJL4C$<4E<&E
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M=W\)/;RM2^&6O5(ZNF^A7*%JT^CZ_O,<1R/KZ>TQ06B @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
%@("#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>g61427dsp095.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp095.jpg
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M$0$#$0'_Q "-  $  @,! 0$             ! 4" P8' 0@! 0
M           0  $$ 0," P4$!@8&" 0'   ! @,$!1$2!B$3(A8',=,4E%9!
M,M1744(C%94789(SLW4W<9%28G0V@;)S)#2T-0A#4R5VL7*"8Z2U)A$!
M                 /_:  P# 0 "$0,1 #\ _5(
M
M
M
M
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MQ/V?Z>NH$#^55#OU)OC'.6M7@J/8YG@?#"UB.\+7-3<]8FKJNJ)^A?L"?D>
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M]!8W_&22/5KV*KVLFFDL/9O5Z_\ Q9>FB(FB>Q5\0'1
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M,-Z49RC%,L:RLB^#1'+#"RO'KK87[L4+&_\ 0!9_S7Y7^6W(/_X7OP.B]/\
MG-?F6'LY"*A8QDE.[/CK5.WL[K)ZRHV1%[;GMZ.73V@=,!ROJIG,=@_3S.Y3
M)8YN7H5ZR_$XV1R,;,Q[DC5BN5K]/O?H \HR7'>?V\,RIB_2ZMCI/O175S<-
MF31S^ZY7.>C9%<YWZ^_=]FNWH!+JX+FL.)K8V7TE@LQUHF1=Z3/P)(Y6005^
MXJLC;M>K*D75NFBM14T4!)Q_E<E3X1_H[66OM:Q6)R*--4:V5J:JC=>K;,C5
M_2URHO0"=V.?=RM*GI)7;)4G?:@<WD$+5261S'O5=&>)KGQ,<K7:MU:BZ= +
M1>0^K:Y1,K_*Z#]X) M5+'[^K:]E7I(K-.UIIN37V 2_.WK7^6D/\=J^Z J'
M6?4AV.@QK_2:J^C6G=9@KNSM=S$E>Y[G.T6/KJLK]47IU JTP7+D6JO\GJ[E
MI_V"OY%&Y=-V]$>KFKW$:OW4?KM^S0#?4H<XJ24Y:_I%79+1E=/7E\PQ*_N/
M<QRK(]6JZ7Q1,5$D5R)M33V(!LR%?GF0M6+=OTCK26K3E?/83/PLD5R]GQ(]
MC&JU4^$B5JI]U6ZIHH%?EL!SV]7=%#Z5PTG224W2R0Y^'Q,I30RM8B;41JO2
MJQCI&Z/T1.O1 +*>+GT]''4)?2.LZGBM/@8/W_ C6:.:[1R(Q.XBN8URH_5%
M5-5Z@4-OB?J):S\>1D],X&X]D<S),6W-5FME=8BFAD625&ZN16VI/U=WZ';?
M"!;V,;S2Q?;?F](*KK;976.YY@A3=(]_<5SVHS:_Q]41R*B==/:H&IF#Y<R1
M)&^C]?<D38$5>11N_9L;&QJ:*U>NVO&W=[51K4UZ 6N/O>IN/M7[5/TIKQ39
M-RNNK^_Z[FO5SG/=HQT:M;N?(YSMJ)JJJJ]0*Z#%\Q@J+4A]'*4=9S4:Z)N=
MKHBHVFZ@B+^SZZ57K'_H_IZ@9I1YPC6HOI%7=M<YZ.=R")SE<^6*=SE<YBJJ
MK+6C<NOVM_T@;HT]08\9;Q<?I)6;0OQ0PVX$S\&CXZ\+((4UV;DV1Q-:BHNO
M37V@1K&+YI88C9O2"L[3=H].0Q(]-\LL[]'HU')ODLRJ[KU1RHO3H!+R#O43
M(9:ME[OI+6GOU&,B@E=GH-J,B<KXVNC2/MN1CW*YNYJZ+U @183EL7PZQ^CM
M5'4Y4GJO\P1*Z*1JQJQS'*W5JL2NQK=/NM3:FC=4 ZKSMZU_EI#_ !VK[H"L
MY)ZL^JG&L'<SF8].HX,909W+4K,U7D<UJN1NJ,;"JKU7[ /4+V0^%P]C(HS=
MV*[[':UTUV,5^W73^@#S+C_J3ZQY_!T<UCN!47T,C"RS5>_,L8Y8Y$W-56K7
MU1=/L 9V]ZN9['.QV6]-\=:J.<R38N<1JM?&Y',>Q[(&O8YKDU1S514 Y/DG
M"O4S*XAN,H^G>,Q4.B12OBR[7O6%('U]K56)JM=VY%Z]47]=K@+2UQ[G-J!(
M)_2K&/8B*B?_ %YS7(CI99G:.;$CDW/LRJNB]=RI[.@!W'^=.EAE7TJQN^"5
M)HM,^Y$1[5A5%T2+14W58G:+TW-1WMZ@2ZU3U)K6L?:K^F&-BGQ<?9HO;GM-
MC$5RHU4[.C]JR/5N_7;N7334#9A&>J6#OY"]B_3:C7LY25UB^[S"][9)7N5[
MG['Q.8USE7JK40"UL<E];K->6O/Z>X]\,S'1RL7-LT<UR:.3I7^U% J<A%ZF
MY"A3Q]STPQDU3'QK#2B7.HG:8L?:\*I"BZHSV+KJGM3J! \N\Y[_ '_Y5XWO
M=E:ZO\P/U5BQ]I57]EU>K.G<7Q>SKT0"5BZ'J/BKT%['^E^-KVZS'1QRMSRJ
MJHY7N<YZ+"J2/597^-^KO$O7J!HGP?/)W.?)Z58S>]_=>]N>5CE>KYI%55;$
MB^);4N[]*.5J^'H!"RO%/4/(3P/7TUH0P-MR7;=://*C9W2P3PJSI$G;9K:>
M]6LT155=4\2@7&3@]3,I8JSWO3#&3/I,[59/WXC6-8GW4V-A:Q=FO@U3PKU;
MH!0XSB/JE2Y'+F'>G^.DA1K&TJ#<PV..%8YH)V/54B7>YLE2-471NNGBW*NH
M$U>+<S5RN_E/BT585KJB9]R)VW,[:]$BTW;.F_[W1.O1 )-7$>H-7(.R$'I;
MC6W'S-LK*N>5W[5KY)$<B.B5J>.>1VB)HJN5?M W5Z?J37P5S Q>E^,3$9!'
M-MTW9W>Q[',2/9XH55K48U&M:U41J)HF@&MV,]0G,5B>EF+8BOEE_9YWMJDD
M]F.Y(]%9"U4<ZQ R35/8J= -,F!YU) E=_I3BUA2-L2,_?JZ;&,FC:W^Q^QM
MJ5/_ -0$^=OJC/36E)Z9XY:SKCLDK$SNU?BWRK,Z5'-A1R*KW*JZ+IUT]@$.
M+#<^BGK3Q>E>,CFJ+#V'MSRHJ)6CBBB:ND/B:UE>/PNU35J*J:IJ!MO8_P!1
M;^5GRUWTMQ=B]:C6&Q))G$<U[%B=!XHUA[>O:D<S=MUT54^U0(DF.YSC6P91
MWI;C4DPW<M5K*YYSY8W(Y9I)$>Z)7*]ZIXU5=7)X7:MZ >L<'Y([D_#\/R%U
M=*JY6I%;6LCNXD?=:CMN_1N[3].@%V           .)];?\ *+E_^%V?[M0.
MEXU_RYBO^#K_ -TT"Q      !4-Y5B7\J?QB)9)<I#42]:1C%6*&)[]D:2R>
MQKY%1=C?:J(J^P"W    %9R7D>)XW@[>;RTO9H4F;Y7(BN<JJJ-8QC4ZN>]R
MHUK4]JJ!/K3=^M%/VWQ=UC7]J5-KV[DUVO3KHY/M0#8       !YKZ%_^E\N
M_P#NS-?^8 ]* \[_ /<-_DORO_A$_O6 =_3_ /"0?]FW_JH!M
M              'G?_N&_P E^5_\(G]ZP#K,W_RA?_P^;^X4"B]$_P#*/B'^
M%5?[M .U                         %;R;_EO+?\ !V/[IP'.>B?^4?$/
M\*J_W: =J           .)];?\HN7_X79_NU Z7C7_+F*_X.O_=- L0
MI.:<KI<5XW;S5ICIUA1K*M./K+8LRN1D%>).NKY9'(U/]8%;Z;\3NX/$3W,R
M]L_*<Y-^\.066]6_$/1$;!&O_P JO&B11I^A-?M ZT    >;/_\ ][ZA]O[_
M !'A-A%D7VLN9QJ:HW^EE%KM5_\ W5_W0/20        'FOH7_Z7R[_[LS7_
M )@#TH#SO_W#?Y+\K_X1/[U@'?T__"0?]FW_ *J ;0
M      !YW_[AO\E^5_\ ")_>L ZS-_\ *%__  ^;^X4"B]$_\H^(?X55_NT
M[4                         5O)O^6\M_P=C^Z<!SGHG_ )1\0_PJK_=H
M!VH           XGUM_RBY?_ (79_NU Z7C7_+F*_P"#K_W30+$     .&FP
M&8Y%ZCQY',5G5^-\61'8*"16K\7D96*DEUS45=&5XW=N+<FNY7._0!W(
MYSGUGE4?'9*_%:RS9N^]E.M956I'429=K[<NY4U; S5VU-55VB: 3.)<8QO%
M^.T<%CD7X:E'M[C^LDLCE5TDTB_:^1[E>Y?TJ!;@        /-?0O_TOEW_W
M9FO_ # 'I0'G?_N&_P E^5_\(G]ZP#OZ?_A(/^S;_P!5 -H
M            \[_]PW^2_*_^$3^]8!UF;_Y0O_X?-_<*!1>B?^4?$/\ "JO]
MV@':@                        "MY-_RWEO\ @[']TX#G/1/_ "CXA_A5
M7^[0#M0          !RGJOB<CE_37DN+QL#K-^YCYX:M=FFY\CV*C6IJJ)U
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MTA_CM7W0#SMZU_EI#_':ON@'G;UK_+2'^.U?= /.WK7^6D/\=J^Z >=O6O\
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M-5NNG83734#K?3/!9# >GW'L)DFM9?QU""M98QR/:DD;$:Y$<G10.E
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M@         #FN?\ _I-#_&,1_P#V, '2@
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M]CO"[1Z:>)J ="                                   !S6,_S#S_\
MAN+_ +V\!TH         !S_.:.2MX6),=56[:K7Z%M*K7LC<]E6Y%-(C72*Q
MFNQBZ:J@&GS/RGZ.O?-8[\2!\\S\I^CKWS6._$@/,_*?HZ]\UCOQ(#S/RGZ.
MO?-8[\2 \S\I^CKWS6._$@/,_*?HZ]\UCOQ(#S/RGZ.O?-8[\2 \S\I^CKWS
M6._$@/,_*?HZ]\UCOQ(#S/RGZ.O?-8[\2 \S\I^CKWS6._$@/,_*?HZ]\UCO
MQ(#S/RGZ.O?-8[\2 \S\I^CKWS6._$@/,_*?HZ]\UCOQ(#S/RGZ.O?-8[\2
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M&?$+UZ1;G(F_V 2V9C%/R?[K9;B=D>PEOX1KT67X=SMB2[4Z[%=T10)@
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M+E,:RW1CJ,FOM^$:WLLX_N<CT1:W<VL_5>USG?JJ!=^B7&\WQ&WD<'R"@_\
M>=V&O>KYABRV(5K1QMA9C5G?NT=1TV,;N\;5WI^L!ZT
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M9<[5LK:N<@<DCH\JVRFK+*32:ZOC1O9?'KX=J?8J >C
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                         !06
M^2WJO):&)EQ,JT<B^2&#),D8[;+%$Z95DA3QMB5K%:C_ /:T14ZHH%^
M
M                               %72PD]7,6LB_+7;45E%1N.G="M:'5
M476)&1,D3V:>)Z^T"DR_%[F9Y5B\I-4BH2X.TLM7*PSN?//5=$YKZ[HT8S:V
M1SDWM<YR=-4Z^P+N_A)[>5J7V9:]4CJZ;Z%=T*5I]%U_;(^)\BZ^SPO:!:
M
M
M
M
M
M
M
M
M
$ #__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>g61427dsp096.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp096.jpg
M_]C_X0 817AI9@  24DJ  @              /_L !%$=6-K>0 !  0    \
M  #_X0.@:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O,2XP+P \/WAP86-K970@
M8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(>G)E4WI.5&-Z:V,Y9"(_/B \
M>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)!
M9&]B92!835 @0V]R92 Y+C$M8S P,R W.2XY-CDP83@W9F,L(#(P,C4O,#,O
M,#8M,C Z-3 Z,38@(" @(" @("(^(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T
M<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R(^(#QR
M9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B('AM;&YS.GAM<#TB:'1T<#HO
M+VYS+F%D;V)E+F-O;2]X87 O,2XP+R(@>&UL;G,Z9&,](FAT=' Z+R]P=7)L
M+F]R9R]D8R]E;&5M96YT<R\Q+C$O(B!X;6QN<SIX;7!-33TB:'1T<#HO+VYS
M+F%D;V)E+F-O;2]X87 O,2XP+VUM+R(@>&UL;G,Z<W12968](FAT=' Z+R]N
M<RYA9&]B92YC;VTO>&%P+S$N,"]S5'EP92]297-O=7)C95)E9B,B('AM<#I#
M<F5A=&]R5&]O;#TB36EC<F]S;V9TPJX@5V]R9" R,#$V(B!X;7!-33I);G-T
M86YC94E$/2)X;7 N:6ED.CA",48Q-S-!-C(P,S$Q1C!"0C5#0T-$14-",T,S
M-3 R(B!X;7!-33I$;V-U;65N=$E$/2)X;7 N9&ED.CA",48Q-S-"-C(P,S$Q
M1C!"0C5#0T-$14-",T,S-3 R(CX@/&1C.F-R96%T;W(^(#QR9&8Z4V5Q/B \
M<F1F.FQI/D)H=6UI:V$@3F5G:3PO<F1F.FQI/B \+W)D9CI397$^(#PO9&,Z
M8W)E871O<CX@/'AM<$U-.D1E<FEV961&<F]M('-T4F5F.FEN<W1A;F-E240]
M(GAM<"YI:60Z.$(Q1C$W,S@V,C S,3%&,$)"-4-#0T1%0T(S0S,U,#(B('-T
M4F5F.F1O8W5M96YT240](GAM<"YD:60Z.$(Q1C$W,SDV,C S,3%&,$)"-4-#
M0T1%0T(S0S,U,#(B+SX@/"]R9&8Z1&5S8W)I<'1I;VX^(#PO<F1F.E)$1CX@
M/"]X.GAM<&UE=&$^(#P_>'!A8VME="!E;F0](G(B/S[_[0!(4&AO=&]S:&]P
M(#,N,  X0DE-! 0       \< 5H  QLE1QP"   "  ( .$))300E       0
M_.$?B<BWR7@O-&(T!UAWZ__N  Y!9&]B90!DP     '_VP"$  8$! 0%! 8%
M!08)!@4&"0L(!@8("PP*"@L*"@P0# P,# P,$ P.#Q /#@P3$Q04$Q,<&QL;
M'!\?'Q\?'Q\?'Q\!!P<'#0P-&! 0&!H5$14:'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'__  !$( W "J ,!$0 "
M$0$#$0'_Q "Z  $  @,! 0$             ! 4" P8' 0@! 0 # 0$!
M           ! @,$!080  $$ 0,# P($ @4* @<!$0(  0,$!1$2!B$3!S$B
M%$$R46$C%7%"4F(S)!:!D=&24].45A<(H4-R@M(E-748L<&R-.&B8W.#M+4V
M-[-$5&0F$0$  @$# @0$! 0%!0       0(1(1(#,4%1(A,%83)"!'&!D5*A
M8A4&\+'A(Q;1<I+",__:  P# 0 "$0,1 #\ _5* @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("#S%O.N,%[
MY38>R$-2.]+!($U:5Y6QUD:LVZ,)'DAU,V<.X+;D'5S^1^"UWR339NJ#X@QC
MR(N?6(S-XA'3U)WD%P]NONZ>J"FO^9>*5:>;L1$]LL1'WX(H#C)[D/Q8+3S0
M/NV]MAM .XG9M4&S'^7.-M#?_P 1.W'+..M1TK$-R:"0'DE@&R';E@.2,F[1
M;BZ^W^;1D$S.>3N(8N:Q4&]#;R526K'9H0R!W0&W8AKM(^YV;;&]D"/KT9_S
M9!CR'R9@</CN/Y*-CR&.Y%D(,=4M5]NP?D;G:<G-QUB'9J[M].K((W&?+_$<
MW5R%B2;]M:A9L0.%IQ8I(J\L4/R!VN7Z9G8!FUZ]4$NQY,XN?>AP]ZME,A6L
MP5)Z06 B,3L6?BLSN?37NZCI_2Z(*K$>9,-EY(1I4Y !CJ5\E):DC@:I<M2'
M&5(]SONL0]IR,!^FG7J@LO\ JKPLYZCULA#8QUB&[//DPD'X]<<>,1R=UW=G
M;<-@2'IU;K]605]GS1QB#B%_EHQ338>ADVQ9RQ;2<]9@B><&U^QNYNT^[H_1
M!94?*'$9IY:]NY'0F:_8QU4)S'6P5;8SR1;7?V$\@L.OJ[LWJ[(+.CS7B=^S
M!5IY2O8L67C&"*,]Q$\U;YD>C-_2KMW&_)!S]7R[@),O9Q5J&2C9Q?S#SQ6"
MC".A#4(1BEF-WT<;32"4.W[FU_!T&[->7N#8W%-?@R,60DEKE;J4ZQ,\LT02
M/$;BSZ,VPQ(2W::.VC]4%AE^>X.E@HLO3<LL%NV..QT%/:Y6;9RO"T49&X1Z
M;Q+4W+:S,[ZH(N*\G<:LUKCY,WPM_&O8;)XZZX=R#XG:[IN4;F!QLUF(F,2T
M=C9!\R_E'BM*62M5M!D+M>Y#0MU8#%BADG(@8I'+1M@G&0D[:Z.VGJ@TX/R]
MPS)RV:TMV.G;I5PLV0D)GCV%3"[(44K>V0(HCZDWX._H@D9SGQTLWC,1C,5+
MEY\G4._')'/7K@-<)(X]VM@X]SN\PZ"/5!)M^1^"TX1FM9NM%$>[:9'HS[)R
MK%IT^DX/'_Z71!#R'E7AM>[@Z-6]%D+>?EK#2AK2"1=FWN[=A^OV>Q_S_)!8
M<CYOAN/9.C3RA?'KW*]NW)?-Q&&".EVM[R.[Z]>^VFB#7!Y(X'.6/&'.TS+*
MR'!CQ:1M99(Y.T0,WT?N>SKZET]4'2(" @(" @(" @(" @(" @(" @(" @\K
MI>0?*6=SO(J?&\%B):& R<N+*:[=GAE,HA$]VP(96T<3;ZH)1>7I*5'R$>6I
M1U[O!R<@@"0G&Q!-!W:9NY,SB\Q>W\D%;2\F>4<OGY<'AN/XOYE+&8[(9%KM
MR>'9)D(GD>(-D4F[MD+CJZ"7E/('DQN9P<0Q&#Q5C+1X6#+Y(K%R:.$#DF*
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MDC,A:0-LC;"9V0;*/E'R'#F,'B<YQ_'0V.5T[4W'IJMV62/Y->M\@8[3%")
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MQO;8DKG9 W]W]D01&S%_2;31!UR @(" @(" @(" @(" @(" @(" @(" @("
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MKMRVHK<T1WJXN\@;>VU<MFXA9VD<6=NJ#EKO >>-(<U:O;B>T,13O%:"2?0
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MI/3H05WQT!5*#QQB/8@/:Y11Z-[0?MCJS?@R"P0$!!\(A%G(G86;U=^C(/J
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MV6K6+!S04LCVZD9N[M&!0@;B&OHSD[OH@_0B @(" @\VS/C_ )-D\Y=RQW
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M49;EW&CC@":6"(1L-8<RKS'!([Z!'M;?&^GKJR"]0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$'$Y?QJ>3N6)I\Q,P.UE\>7:C^37*V)"8?)Z2G V\ML731N
MFOM'0(='Q*6/[$F/S#UK$$I6(R&K%VQE*8I?;%JS,#--(.W\V?75NH9OXG:/
M"MCZ>9FKV-DD!77ABD)X9J4-*87!_;N)JPFQ?0OIIT00LUXIL#'E;M"W);R-
MRK-3I:M'%)"5B6"2.8IR=R=JDE<3C%O06T9G?J@[:QQRI)@J>&B-X:U(J91.
MS,[[:,T<HCU_I=EF=!3U^(9>I!R0Y,@&2GS4<[AO@:*5B,2&&)YMY,\<0EL
M=K,WKZN[N$?%< O#@CJ9+*%-;NC5>_+V8Q?6H,30@# ^UF'M/N?KN<M>C:,@
MM<?Q)Z&3_<*]PNX[V&,#C9V<+5T[IBVCMH^LFQG_ ,J"7'Q/C<>8?,ACX1RC
MD1O<9OU-Q,XD^OYLZ"AH^/OVJCE@JVBME-1FH8NN0!$T,)E)*,3F/WOW)=-Y
M?1F^NKN&.*X!>'!'4R64*:W=&J]^7LQB^M08FA &!]K,/:?<_7<Y:]&T9!:X
M[B3X_*CD(+A.3O9:2,XV=B"W<DN$+.SMH[%+M9_P9!HI\-LT^4V\U%<K/!<L
M/9E@.D!6&=X A<0M;V)A_3U^W\D%S@L0&)Q_PPD>4>_9L;R9F?6S8DL.VC?T
M7ET03T! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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MQH8^FYE$)R2D<I;C.2:0I9#)V9FU(S=^C,WX(+! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$$(\YA(WD8\A6!XIAK2L4T;;9S^V(M7Z&7T'U09GE<7&]AI+D /
M4<!M,4@,\12Z=MI-7]KGN;;KZH-T%BO8C[D$H31[B#?&3$VX"<2'5OJ),[/^
M:#8@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(*WD/)<!QS&ED\[?AQU '87L6#8!
MW/U86U]2?3T;J@XW_P"H7PO_ ,UU/\TO_L('_P!0OA?_ )KJ?YI?_80/_J%\
M+_\ -=3_ #2_^P@ZKBW-.*<KIG<X[E*^3KQELE* M7 OP,7T(=?S9!=(" @(
M" @(" @_-_(O'?-+',<O-%B9Y,5<ST69(Q9GW'1LPPQ$+:^A06I#_P#U;H-E
MCAGDEYLQE+&'<PYJXV;5: BDL025,G%8IC;$] !XZ9'$VQW^WJ@]2\8V[M2O
M<P%W$7Z4\%[*6?ESP,%60)\C--'VI6)]SE',)>GXH.Z0$! 0$! 0$! 0$! 0
M$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0
M$! 0$! 0$! 0$'Y[_P"ZW$29W+^.N/\ R2JPY3)3PG(S;V$G[(C(X/HQ..]T
M$.FV*\?VH<1Y7X;C)\89-%3YM1I1E6DU?VM;B$=8C_%]/\_J@];J<$\06\7'
ME:V$PTV,EC[P71A@>%X]-=V_3;H@\JS&1XGRC)3<=\2\)Q65N1D\=WDUJI&.
M+J_BXDX_K&WX-_XH,_\ MOXK/Q3R;Y"P5BT-VQ4CQW?LA&T(&<@RR%MC'H(L
MY:,@_0Z @(""AY5F;&%/&9 Y6CQ V>SEMPL[#%-&0Q2;GZCMGV,_Y$@XNYY)
MY53XS8G+'QE>8#C"W)(P,%Z6G^Y1P%78'_3BKFP;]VKFWVZ>Y!TW&.=GG,[<
MQCXV6O%6>P,=QVF>,SISM7F%R.&*/^T^S89ZBSN^U^B"LSW)N0T>62?KF&#@
MFKU=8(H)Z[23QMK';+=\F"8CE#M$PO'HX[O5] C4_*^1DI4IPPKSP7HM*$YV
MP"2::.U6I2M*#1,T;=VWJQ-KJP^C:LR"SRWD:;'<5@S)8UCNR36:\F.:8RT.
MD4HS=LHH99)&UKOM=HO1]2VMJ@A1^5;4LL0Q87V7Y3K8@RM"W=FCGAA+O,T9
M=D?[RQ:MO?H_3TU"/+S;DD7%^,9>>2.&6SE)8\V&T#9J<+V>Z(DS,S=L8F+>
MWKM_-!HK>5<C2.P]ZNUZ.;*&$ QNX208\_C- 6V..7=TM;G*1P'Z;M=&06F&
MYK?L8"_DIR,AANXZ" 6[32"%L:FYB)@V%[[!._M].C:>J#!_(>:N<.S63KXR
M.CDJ>-@R5&.2=IHRBMQD<3F0QCM,>V6X=';TZ]>@12\HYC&!-%D\6T\\URW7
MQ1PRD;2=B^]9PD"&"20!C%VT(0,B9G?:SH.[P&6?+X:GDGKR5"M1L95IA<9(
MR]"$F)A?H[?5F03T! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$
M! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0>&_\ <-__ # \3?\ SF7_
M .^KH/;+M&G>JRU+L$=FK.+A-!*+&!B_JQ"6K.@\CM?]LG$Y,D4=7*Y*EQ&Q
M)W[W$H9S:E+,SN[.SZ[@#KU'_,[(/5<-A,1A,=#C<14BHT*[;8:T L "S?DW
MU_-!Y/XQ_P#Y^^4__1QG_P#2-![*@(-%B_1K3006+,4,]HG"M%(8B<I,VKM&
M+NSD[-^"",W(N/E ]@<G4>!I6KO,T\>QIBT<8]V[3>^O0?5! DR?$>28EZ=X
MZ\]2]"<LE"TXB1P0FXD91$^[8)!]WH@TV<5X^R=Z.],&/M6\Q!)6AE[D9/9A
MV.$C1Z%I)^G[7(>NWIKH@JOD^.ZG[UD\=#OFQAUCR%B@_<.0VD&0(P(2=B<Y
M ;N"SMN?[D$ZG'PG.7CS=K'C6R]-RBLC>!H;$;Q"+L\@;MI;0L"XGUT8VT=M
M4%/C^(\*H\FL90KE6S".^L$ -7CCJ/"<$VR<Q)G<HRK1[/:SMI[MS]4'06\;
MP'+5*="PU&W6L'-;H0=P":4C<RL'&S%[Q+N'OTU9]7U0:QQ?CFU2JU0;'S5;
M;S14@&6-VD(C Y6A=BU<F.$"?;U9Q9!77;W!\>0<8EPDW[3CY0I/*%?=1@DR
M,?::,B8MS=P;>PO;I[^J"9<PWC"PXV;0XTNS/V6D*6-A:P#1AVG]S-O'LQZ"
M_H[,_J@EXJ#AD]&Q5J0P15FMM%/6+0'^13F[$3N+OKKOJML_':@KZUWB<TV1
MPPX6:/&1Q?M60O21@%'LU8R%H2D*1BV@,CBWM]703FPO LC0"(0IVJ;LXQD$
MHFW]YL-)J)B6NZ2Q%JQ,^N]NG5!(IY[BE*&M1I6:T5"*M-)%+"8?%BAIE'%(
MQ2,^P=CS"VCN@L S6&DG"O'?KG/)'WXXAE!S*+1B[C"SZN.CL^[T0;J=VE>K
M!:I6([5:37MSPF,D9:/H^A"[L_5D&Y 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0
M$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!!XA_W*5,E5
MR' ^5PT9[V,XYE2FR85 [DPA(\3B[!^'Z3MK^.B#?_\ 51PS_E_D/_ -_O$#
M_P"JCAG_ "_R'_@&_P!X@?\ U4<,_P"7^0_\ W^\01?!.0L<A\E>0>7PXVY1
MP^6>A'2.]$\)D< &TC;=7]-6]'^J#W) 0<1S+@%O/<EH96*P(P0QQ0V(3DFC
M<&AL-8&2-HG;>3NVFTG9N@OJ^FCA50^+,C2_;Y*38R4ZE&K1EJV82*L91UY(
M)IW 6;<7O;;K]P[A=VUU0:'\295ZWPI)<?/6/]:6:6.5IGD&O+6&NS@X.U<V
MDW%H;$VI,WKJP:P\/YJ66H=O(1NSCLL,$LPE (6Y+4;Q$ Q?(/\ 5T(Y6%]6
M8GW>B"?2\;9J/C6?QDSXZ.?*0TX*X51EBA<:<0Q;IG9M[/(P==OVMTZZ:H(P
M^,N315+ 4YJ%7YK6X9*;G8FBKPW&JN112R-W)#<Z>Y][,WOZ?;U# _$65EFL
ML4]*.E),Y1U&:20-CR.9/K(SF+'N_LG(A'KM?W:,&R?Q#;/.RW&GKG1L322G
M6(IP"(6M6+,8C#$\8R,?R=#9R'3K]VJ#Y0\69ZO)BI>_3CDI6FE<V*:4HJXG
M ?98I!TLL7Q^CS"Q@^W:;[>H7.9\<O>SUG/PR1CD_FU+5)Y'D>+M01!%+'+'
MJX.[LQ%&>W4#VE]$''CXGS^/?'T88ZEXC"6F=FU\BQ"$ 4Y(!G-BZ1REW7T
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M8I:Q3U DEU(AVEH9NXOH@TAR'D!VX*3YJ<8\O.\-F3]#N4&BR!U1&)]GM*4
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M47SH8*7RMK"<D@@Q",.A>]V?5V'[D%O)Y8P 59<@56W^SA%)8CR>P'BD@K&
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M>C-^+OJ@WH" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MUMW4M.KM^*#Z@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MNF\A'4'$7?JS-M^GH@]SA_L0ZZ^UNOI]$&: @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MBN!&ZUI\07)*M@&QA1_!&00')C4U%W#2NPD# Q-HY,S(/7<9@L!;X_BHIL7
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M 3N3M%"# #.3]7]HH)B @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MV.@U7/)^5*O+\;%1UY6D"N!V)W=N]M"4V(&C9V#MD^TM===-1;KH'HJ @("
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M;E>-\2RM*.W9G/X3C7I[A-VC,()3CB%]6?\ \R9]#;1VZ.)-ZH.K0$! 0$!
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M'-GZDWXK2_LOW$1NBN:]M:YF-)C3.>DQ./ ]2&5KF/C?)B[C9'YN2BDJM/%
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ME,-:R4,O]I[@EKC&,<D9::L0]@"_#5D$;_ N!"W!8EDM32A/'8#N2G(WRHW
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MOVIF::M(\;OMU&.4*Q";:/\ =Z$VNH1I>"Y#'<*SM.,(K^3R/:V,#&VL8!$
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MW3Z[$%7AQ\F8\,/CA>;X$$50"EEAC,][PUNY">P6_3#69MSNVC_S.[,SA?\
M,Y.139.J&*I3M)CFDLA<!A(""2$X38&+VO*&[V@3=>C^B"GBE\D%<ED#Y,=:
M,3DK$\%<9+ A/&, V-0U8G@(G)FVO_#T03WX_EKO&>+T)Q*:Q6N.]\\C"UK1
MAKV0W2QN\;&V\A87U^K.@BM4YQB :C1GN6*M8WK8YGC@,2>&*LT#2NX[F@D<
MI^X6NK:,S.VC:A\HY7R .9J5+AR!%D,A)! ,L< D-"/2S'.["VO<>*&2*7\"
M,.C(/G,\+FIN0W+&,K6))YZQ1!*\;?IM\64&FJ6Q-GA(2+0H9!=C?JS?5!$L
M2^1+%]F@BO-6JF$M0)1 6>6-I(XAE)@#=')N I&ZZ?5V=G9@DU"\EV>QW;=R
M&'=$+D-> #<9#<9G/NQ:Z@S>UV$>FG1_5P^4[/E*W9BCMG-3"4X6M/##%^G$
MX ^Z,C @8G]V_P"[1_Z.C:A!;C_+,N%=LG!,=@+M>W-\R)IJ[%8:N\C#%J E
M'$T4FHZ]')!:6<?S'"QR4\;/;/'UM@0?&A@)]3BGE=X@,3T#Y+QQ[== #IT;
M4F"MM9SR17MC4LG:":S/*U7X]>%]THUYS&!A,"_2$PCW2,9,[?4?<S!.JWO)
MCS%^XM9CA[Y-,-*O$9@;=WM!"\HL)0EI'N+KI]3;4MH::$_D&G1FQH->:4#L
MR1W)8 GVQ]LMK;O;O?OZN+-UVZ>K:,X=!\C.9/Q]D*TK6(N0#1ECD$-!F[Q1
M.4;@6R,=Q"XO]K.VNCLSH.:</(^.@>+&O:^'8GM6#*2&,Y8>Y:ME$T8,#D['
MK"1L3/T?U%M= O>7#S"*]2MXMYWD^$\5OLBQ1"Y6:[S&T>V5^YV]^SH73735
MT%</_4^4!DEMVHI7?4@B@K,&@M2%M!,)';=W;!/[O5OP;1!9<9L\Y_Q%'#E>
M])C7K2,9211QL!QFPQFY".DA2-J_M(=/Z&FCH(5.KS#(\EQAY4+#TJ-PYYV.
M.(8@F:*V M'H.IPL/9VD^K[G]=== A<LB\F7KV3Q4,<CX60W&O:B"+?M!QL"
M0N_7KWFAZM_Y3O\ 7J$J:7GD=N6.4;A4Q[D(6:\%8K$Q1SV!K=S<+#L.)@<R
M]K-T^W5T$WC0<NQG#;E6<+%BY2I5VQK&,33;_A1N<8Z#M+MS;F;<+O\ 3J@I
MX[GE(J4LQE:!HY1A%NQ%O>!Y;6DPAVB,CT"NS^W[7=W%GU=@Z#/#S&2S@HZ9
MR0O+#MR]NO%"Y 3E$Y;7E:79KH73K_X,@J&R/D(HXBMMD(9"&-[K5*U8ACC>
MJ)"4.\2(I2M.XR#[F8=?M9A=!HFRGD6+(5:YS3_NMH9YHL>$4#U=8)*D;-(>
MQS&#2674M^OX/T9G#;#<\D$$DDCWNQ%7<F9X:X2E:)ZP2MHT<CO'%OF*/:+N
M6CZ;M!U"%3E\G [6'^6%BT4?R'DB$Q9XP*.%FC$781-Q=Y?M^G46=!9XNER:
MS6Y;)D(K17K>-C@ 90 (WLB-ICBJ[-NZ,7D#:3]7U]7013D\GTY&I5BGDK5H
MW&G.<,1G,31"1M+L 1;;J[1OJ/7^EIH@79?*$<EJ*-Y;(PC$]=SKPFY:#"XR
M,6P [F]Y=S-K_ =&=PL\C6Y1/PO)5;96[%V*Y5>M,$<7R2@"2M-(8 (C&3@7
M<T]OTTZ_4-O%LGRR?D7[?D9#>I#5^:92!$,NDLA05H9F!FVF\<+S%II[GT]&
MT04V4'R58AGJO)9>&W6MLS#%%NW$=D>VQ #=O;$,':)RUU?^;KH&W'Q^1H9Q
MH1/)!4KR]J*,88F!H8HY'K,TC@P[9&"-I=NNCOZAZ(,*5GRJ<03$<SR1C&00
M'!$ 22G/ $H3.0"6P!*9V<=O3ZEHSN$FGD.>-D,:4A7&QK,!W)+5>)C(V=GM
M"8Q"VV,1U[1.X]==-[::A:\TR?)QAQDW'(IY!F=I9"CC$F<=\6T)!,')MT9&
M_J.FGKKHSAS&9C\BV..V*-M[U@;547(H8:[S/:EKB_8=A$6&%I-S$_W-T]R#
MU9 0$! 0$! 0$!!P >4K1$+-A#/6#Y)=N9RTC+OE'[GB$=7&J3DVNNK]-VCZ
M!&SOE:4,19N8ZH_:;1JE@#::67>,D\,D5?:V\)8(=6?=]Q,VCZ.Z"4/E.:5G
M>KACL?HQ&W;EZ=V:(9QC9W!F+0)&%]KN>_46!_5!,N>1ZU>C@[85FE#+M$<@
M-(3%$$L\5?=UCZ[9)V;W[/P]7T01J/DZ6=Z@3XIH9<@5<*@A8:1BDN $D($_
M;'1^T\AETT9@^NO0-][R)8KYJ7%QXT)3^8-"L;V=KE)K6WG*#1D\8LUMM/N=
M]/IJR"&7E$6^#(^+C>?(2U8*KM8%V$<@#R0O*6SV:=M^Z+:[7VZ;M>@2).=9
M+(8BED,15&,Y<G#0*&Q)M8W[>MF-SV%L[4NZ-W87?4'0:*OE0[LT4=/$&0V#
MK0P2RRO&'<L?'=V,NV3:"UIM-NYWT]&U9!I@\I7[4E*:+&##3L@Y,,\A 1]X
MH K/N>-MC,4_ZO1V9NHN2#"IY+R;YC(//5C*E!&)# ,S-L&N;162C/M:S&4D
MC=L=68A;^5_4+7$>0Y[^7J8\L448VF$RF"5Y! 97G[3N[Q@+ZM6?<V[5M>F[
M1] KX_),-8^S!B@@IQ_KQA!,#.\#_,>0I8^U^F8M1,]K/UU]?5!LB\JG8*9Z
MN(.2$3".O,<K@$A3%#VB<NVXL!QV0/5G)_IIZ.@WY;RA5Q.)QV2NT2:*Z4P2
M[)&)HGJ3,%E]7%MPQPC+-KTU$'Z,@JY?(G)I,E&%6G"$0R!W:D\S-([O%:DD
MC<QB=A$6@'1]KEJVGUZ!=Y7R"=1JIU\<]B*W4J60=Y"8V*]+VH@V1QRN[-U<
MB;^#,Z""'E*Q+8BK#B&AGLO -1K-EHP/O,&]RD&.0&:-Y&9Q9W+\1;5D&O%>
M3H)PBAQN$^/!8-HJ;RFU>'NOM*3NDT;B ^]]KAOW?73<R#;:Y_EJN _>9(*Q
MQAE)JYQQ2.>M.*.21MALVUY'[;=?M^NJ#=G>;9:+C\ENG#!!=@N34;6LG>B;
MM5I)M\)[!W]1'H0MUU9T&.,\CVYLE5Q-G%N]UBACORQ2N<8//L8# NV(E]^I
ML6W3^7=T0;<SS+L<C&I5&"_",>V..0QBCBMQ'/W'.9QD<'8*Y"S;?7_.@J)_
M+5L\=<GHX]M C-Z\]F9F<93CM2Q"401_8S4WW>[7JWKU=!=Y_D65H<BJ@\VW
M&L-5K 5NQ,X2V)BCTL1R.$_;E]HQ21>A,3D+L@K:WELI2JQGAR*6>&*U*U>;
MO@%>88"'0VC$7D;Y+;A?:W3H3ZB@RL>43@A"9Z412S56M05H[32,X$ S,Q[(
M2D&1HG=W;3:S-KKM]R#1DN:7I.+XS,&<7P+.8F#)1RQ@8OBXVL2&#L^K:QQ1
M,3E_501\7Y3OTJ4W[GCSM%7>S8F*N/;:&N\UCXL0BP["<(X-IZDS_5F+J@D7
M?*.3JG-8GQK!7KQ,_P 5I7&0YF^2[^Z2)OTB&N/J(DS_ )>H6='R-+9S4&+/
M'!&?S"Q]N3Y&NR9FLNQ1"\8O*&E-]7]KMKZ='0=HX YL;BSF+.PEIU9GTU9G
M_/1!]0$! 0$! 08O%&\@RN#/(+.(GHVYF+1W9G_!]&09(" @(" @^. $0D0L
MY!JX$[=6U;1]$'U 0$! 0$! 0$! 0$! 0?-@;V/:V]F<6+3JS/H[MK_D0?4!
M 0$! 08C%$)F8@(G)IO)F9G+1M&U?ZZ,@R0$! 0$! 0$! 0$! 0$! 016Q>+
M[L<K5(.[")1PR=L-P 7W"+Z:LSZ]69!\_9\1K&7PJ^L435XG[0:C"WI&/3H#
M:?;Z(,3PF%,C(Z%8B,"B,BAC=RC,G,@?5NHD3N3M^*#.7$XJ5JXRTH)&J:?%
M8H@+M:::=O5O;]K>B#3+@L9):IV>T(%1/N01@PB&_ME"!$S-UV 9,/X:H,:?
M'L-5N7;D=:-[5Z9K%F8Q$C<Q$&'W.VN@]MG%OHZ#<.&Q B8A2KBTCF1Z1 VX
MI-'-WZ=7+:VOXZ,@^8_#T*-**G&'<CA,IF.70S>:0RD.5W=OO(S(G?\ -!D&
M)Q(2]X*4 RL( TC1 Q;8M'C'5FUT#1MOX(,?V3"[3#X%;;(1G(/9CT(I1VR$
M[:=7,>A/]609?L^(TB;X5?2 @*!NT'L*-MH.'3VN+=!T]$&0XS&C-%.-2%IX
M!<()6C%C 2]1 M-19_KH@KL;Q'"4+EVX$7?L7RW3R3[3?3]306Z-JWZYMJ6K
MZ/H[Z:()XXC$C(THTJ[2" 1,;1!N:.-V< UT^T7%G9OH@S/'X^2)H9*T)PCO
MTC(!<6[C.Q]';3W,9,_XZN@^/C,:4W>>K"\S;OU7C'=[_N]VFO77J@2XW'31
M%#+5ADA*-H2C.,2%XQ?40=G;3:WT9!!R'$^.WV!K%"!V"2*4F:,&:1X&=HQD
MZ>\19^@N@ERX;#S/,\M&O(]D1"PY1 7<$--@GJWN8=.FOH@V/C<<X$#U87 Y
M&F(7C'1Y!9F8W;3[FVMU08MB<4U,*34X&I@^H5FC#M"^NNK!IM;J^OH@^OB\
M8\\=AZD+SPDY12O&&\"(6%W$M-6=Q%FZ?1D&,V'Q$S3M-1KR-:(2LL<0%W2#
M['DU;W./TU]$'TL7C"W[JD!=QW>36,'W.[$SZ].O20O\[_B@2XK&2R12R582
MF@%PKS/&.^,7;32,M-1Z?@@BX[C& QU"E1K48&@H,+U=T8.0F L/<UT^]V%M
M2]70;BP."*)X2QU5XB)S*-X8W%R=]SN[:::N75!N_;<<\#5WJP_';<[1=L=C
M;Q<2]NFGN$G9_P G=!\+%XPI@F*G \T6_MRO&#D/<^_:6FK;OYOQ0:AP6$&,
M(QQ]88XQ<(P:&-F$2=W(1;3HSN[ZH(=OB&$M9FOEIXM\U9B[4+L/:W&TC$>W
M374FF/=UT+75V=V9!==&]$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M -\A[ O7(RNG+&S[MS.?IJZ"=S;GO$'S$E7+\1H9.8<A-CODY$ZP!*5*."0
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M7EK5&>K<9H!>X\11&8!5%H( CGWRGH^W1^C^J#9G>18__IG6SL/#\;DL9D;
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M: :\E>(HVA$VD:-@<7;:QBQ;?37J@5^(<3K4I*-?#48:4H@$M4*T0Q$,9O*
MD##M=AD,B'\'?7U06R @(" @(" @("#SH?". -[ VLGD+$!A<&E"[UX_B/?L
MC;E.(XH0D,AF 7#ND;#IZ(-MOPWB;>.FIV,SE#>\5E\U,\D&M\;G;:49X^SV
M1T&$1 H@$@;[7ZN@UY+P;Q'(X^Y0L3V^S<"0&<3!BB>3(29%CC)P?0AEE(&U
MU]G1]>KH)D7BV.%LA%!R')P5;MF:]'!#\2-Z]F:S\ON1RC TQ,,FOLD,@<7V
MDSL@C1^%L $=>%\GD2JM.-O(57DA[-RP%LKHRR T3#"7?-__ ,'[>H^U^B"7
MR#Q%Q;/9JUG+Y6'R\TE22K<"3:=5J1,480:-HPD6YRW,[^XM-$&S%^+\51JY
MF&3(WK\V:HCBYK=HXBFCIQ!($48F$8;R!IR_4EW&_P#,[H*.+_M\X2$I.4UR
M2O-,\UNH4@=N=GD@F[1Z Q=MI*@%H+M]4'0X;QG@<..-BHRV(ZF(R-K*8^JY
M"\<1W(I8I(6U'=VF^09"VNNK^NB"T;BF*_Q%=SY#OOW:T%1R)@?M!7>9V>)]
MNX7+Y!;NO71D',1>%N-5ZT,-.W<IE!6H11S0%$)M9Q?2K>ZQN/R&!WC-W;:8
M="%]&067'?&/'\)EOW<9)K^3*.1I[=SM2')--.\\EAW$ VR.[[6V:"PLS,W1
M!"J>)J, ?%DS%VQBAO#DHL;*%/MC,-UKVF\:XS&#R:MH9O[7_@@^XWQ/4Q&1
MK7,-F\AC@JC)!%5C^+)$U22R]IJK=Z"0FBC,W$-'8A'IKT9!T-'BM"G#FXHY
M)2'.V9;=O<XZB<T(0$T>C-HVV)M-=>J#C*W@O%U_AS1Y_)?N&.&M%0O.-%RB
M@IQ30Q1=OXW9/VVCU(P(O3J@ZR?AF/N6,'9R<TF0L8(96A.<(=LQ31M&1R@$
M8AN;;JVP19G04N3\0<=OS7;'R;5>U?EOE:L0E&)G#E*[5[%8M0=BB]@2"S]6
M,6?5!KN>)8[^);&7N292:'MRUI'%J4325)P$):\D<=88B9VC9QD<.X+_ &DR
M!-XAQYCE:L>8OPXK+F4EC&@-1P$W$!9PE* K#:=H>CR()=/Q5QRG).562Q$%
MC.CR1XF(-@VQ!A>,6V](G=MVW\7Z/H@AS^(X)*^0J#R#(Q4;UPLB-8 HZ062
MNC?8XY'K/*^V8>@F1-IT03S\88.?C$W'KEFU;JWKPY++SRF'=NS-,,Q#,X
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M&^PX\2!H:Y9-H7L%79P<@?NUQF'KHQN3_71!#;P-Q%K\%Y[-Q[%?M;"<XO\
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M,?$AAAFCR^-D#C8$);CS0V(X0@-V+W!(-D#TZ/H!]4',<G\U\@P>!L;I<?\
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M@KR/&WX"^GH@O*-&G0I04:4(5J=6,8:]>)F$(XP;:("+=&86;1F0;D! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M!$18]7=W]&9!>(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M/\#\D_YMM?\ !T/]R@?X'Y)_S;:_X.A_N4#_  /R3_FVU_P=#_<H'^!^2?\
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?! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!!__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>g61427dsp097.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp097.jpg
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M$0$#$0'_Q "R  $  P$! 0$!            ! 4& P(!!P@! 0 # 0$!
M           ! @0#!080  $$ 0,# P($ @<%! <&!P(  0,$!1$2!B$3!S$B
M%$$R46$C%4(6<5(S)%87"('18I,TD:%#)>%R@K/3E#>Q4W0U=1C28W-4M%4V
M$0$  @$" P<# P,#!0       0(1 P0A41(Q09$34P4587$B@3)"H;$C<H(4
M\&)#<P;_V@ , P$  A$#$0 _ /ZI0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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M60HV#-WRJL+N8"^Z*,6+\RZ>B#.8_P#U Y:7NS3XB">I!;JPV3J'8WUXIYY
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MJ[.S(/T7@F>RV<P?S\G#'!.4I" 10W(&V,(NVH7HJ\NNKOU8=OX.@T2 @("
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M(/>#XKB\(S-2DN&PL8LUJ[:MZ,>S7_J))?3MMI^'73U?4+= 0$! 0$! 0$!
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M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$&?RW#:^0RQY6/)9#'6I8(JTWPIVC
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MO%]S21:@WI]609W$>=>17>27,<T&+MQ5YLM%)2J/:^=4CQK3]JQ;W"\/;E*
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M*GDLCC[4EF*3&#8>Q.56?XY'4K_+FBCFV=LY @]^QGUT06.3YKQ_&2RQ6YC
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M?+?&EO/<LK9R+)14Q@A:+4:W][86&02B&R$D>Z"7N_J1R@?I[=NJ"IQOA/\
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M?J^J#KGY=_E[@>Z2.25L=FNZ\7V[MM371M2=FU]-4'Z&@(" @(" @(" @("
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M 5Z"AD\F5@:>)LS1#:D:M/)7<AC8M78BA)QT0:M 0$! 0$! 0$! 0$! 0$!
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M+O9C8Y--[^@ VYMK.3>Y! A\G<QR[TIJ=:O1)S.U&$[OVC@>G;D[,P1R'(1
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M\E4E;&3!WF/WO',TA1BXL[.[D,@$/M]'9T'+*Y/C=##1<EQN.K9%\C-6*M/
MT$;SG;D (I7G/1M/<);G?Z(.89#A0T3NYFGC\=8C'LW(Y&@E[0#$<H@4H,XN
M/8$C_!AU00\MRWQC3X]')LHVZ-@FK5J$<4>DCQ3"/;[1"S"T<DS/[F9M2Z=2
M;4+W$9N/(7!IV\;)C[D,;V:L5A@=]C$4)%'MUV[=69_R)D$"YG/&U/(6RM'0
MBOT?^ID>(>X+RRLSLQL.I$\TP[F%W?<3:]703\!;X;;N6'P;4RMU "M.5:,
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M$&0MUW!PDBCWG6$7;8;[?L<0)A$O71V;T0>\7/P7.X>4L>%"[B(ML4PM'&\
MM"+21L0D+"PB)L0=--'U;H@Z4+_&L]V,M1MC9AQ12,&QW$(Y#B9G(@=F?7LG
M[7]-I:MZL@KFYCXRNF&1^=CYI+0'5:V0BY'$(-,8.9#KVMAL;Z^W1]4"YR;Q
MGF3Q\5^QC[TEDR;'QVHQD)CWM&6C2"[QOOVCUTZNS?5D"3D_C*=PN26<=*<=
MAX8YR "(939B(A)Q=V%V%G>3[=&UU0??WW@H9']LHP5;%JQ<>K<AABC;;)-O
M.20]69C9SJ[3=M?<S,_5D#+<IX'2OV\/EVKUVQT,1$UB(7BVW6E9PC]KZ^R(
MGD9F^WUZ:Z!/RI<+Q="#(9"&E#4CC:M4E[(&S1&VO:B81)]CB.NT>FC:^B"*
M?-?'L3VH'R5(6JN-JT+;=K$9QF,G1M")SFC+5NON%_JR"-9Y1XN*LT=B?'R0
M=F&P,)1";=ON$,/LV/[FD<V$=-S/NZ='03GS_! K#9^31^/&YG%*+ XL0-',
M1 [-Z^Z,NGJ[CIUT0>LER+B]'CS<@)HY\8<L9#+#&QN\EF1JV_:S:[M9-I_7
M35G_  04V-Y7XQM8.=GCHUJ=8OC6<><,>@/WCVAVA%V)GDA,O:S]6=_5G0;2
MG\3XD/P^W\38+U^SIV^V[>W9M]NW3TT0?+E&E=@>"[7BM0.[.\4P#(&K=6?:
M3.W1!#@XSQR"8)X,53BFC=BCE"O$)"3>CB3#JSH+) 00[V%P]\QDOT*]N0&V
M@<\02.+/UT9S9]&0*.%P] RDH4*]20VVF<$01N3-UT=P9M603$!!76.-\=LS
MG/8Q5.:>1]9)9((B,G]-2)Q=W02J5"A1A[%*M%5AU<NU" QCN?U?:+,VJ#N@
M(" @(" @(" @(" @(""DY%QFCG9J8W3_ +O"-@):VG]J%B H29BU9Q<=VYG9
M!CL?X3JUGC:SDWO-V'CLS3P.\\D_8D@:<2:7M@^V1B?]-WW-T)F=V0:+@W X
M^*O=)KQWCNM!N(P8-I11_K$VCEUGG.28OS+1![R7"1LV,G<KVAK7KUNG?AF>
M%C&.:B "#2#N%Y1+M]6W"_7H[>J"EG\04;>-FH7\@<XV;D60LR#&T;O8C"34
M@VE[/UI>X'KMT9NJ#29C!6[N.QK%DA@S.-ECGK9'M"\96&C*&3= Y-J$H2&S
M@QL[:]'U9!EZWBS,B92VN1-/;LSC+D[?Q!&2R,=B&Q%H+2;(2'L]O5F=G'3I
MNZH.6.\0C4MQW;&;[\H35I)#[+LYE4-BU,I)I2<SV^Y]=-?1F;H@G<9X7:QW
M*JMB:1YJF*Q04H)W8 &S*QDP3#&)R&Q0UR[1$6F[=T;1!:9/Q_B,C/G;5@8G
MNYF'L177@C*>J+UOCOVY"U+\2TZ(*P/&DL\E^7)99K-O(O&=DHJ[0BVRS%/H
M ]PW%G[&QM2?\4$_B_$,O@+O<?(Q7J\D5:F0E!V2CJ48I1A9G$RWR.4H[R?1
MO71F0=,KP8,AG9<L]QXWD%A[/;8F;2I9JZ[MS?\ ]WN]/II]4#C7$<I@&:M7
MRHRXV/5X:IUA8F*4Q.=RE8]Q:N)=O33;N]V_1D'SD7%[N2RTTD$K017*<$3V
M'%I.U/1MM9AUCW Y#)O)BT=O3\T%)D_$5>U7H:Y(1GQM:&K$<L)/$[1-8$R,
M FB+W-;Z-OZ./7<SNR#<0X]ZN'#'4I&@>"NU>M+L9V#8&P"V-M;VZ-T08RKX
MFKXN6I8P62DIV:D5=MUEI+L9SUFD )2"25G%GCLS"X 0MJ3.WV]0CS^-\\V6
MI#%EFEIUVLVZ]F2M'NANR7*MQWE$#C[H2R0R>T&#:W37T=!(J^+1ABL0RYAY
M;%JG;K2'V1%W^7&,9R,+'Z"XZZ?[$'',<'R6-&EDL++)=R>-FG*"*..%W;Y=
MB:8R*.:: #9AL$&WN"_\6O3:X7-'A?R.!X+CN6[9E0#'E=C(!EBD.F4<AQN+
MZ"XD0:>G^Q!7YSQ?'DY; 4LC'C\19'5\?#5!V&1J<M)G V,!$&";=LV?<WKU
M0>\UXTGOW+MFMEOB_N4KO<$JXS:PN<$C1@[F.TF*O]_7H7IJS.@T!4YY>6!D
MBVC4J4CJ1'N;4Y;,P$;::]-C5P]?ZR#.2>+CEY2^>FRKR.UCOQQ%$1&P?+@M
MM$1E*0[0>LP!L =!?JQ%U02^(<'QO$+=JP]R(QL#VJKF';D&+N'+M.0Y#WOJ
M>GM$&Z?;J[N@J"\022U8X[&7&>:D0OBS>L\<<<;2S2$$PQ3 <KE\AQW"8::-
M]==0E4/%%.B\PQW](YPIQC$T(@P_#D@D]NA?Q_%]/IK^2#WXXP?(:%Z_+E(R
MAJP5*>+QL4C0=QHJ1SNVI022L?MG'WEL<OZ@_4*PO#%@H[+EFV.U9:$?EG6-
MYA>!IV:89?D=T9W^3KN Q#IILVOM02+/ARN1V)*V2<#LWI,I,,T1G&=N1YP[
MIM'- >OQ[/;?:8ZN E^(N%GQ[QT6$R].Q!D6+%T!G^+C_CB!-):"(9'>9B^W
M6'418&TUTU?1M \9;QU9NWLG9BR[5X<KWX;4;UVD=JMN*O'/&)O(S,;_ !6<
M#V^W<^HET=@N.3\5K\@_;">P\ T;(3GM%C:>#UDKEU;0)-!=W_)!FY?$QV*X
M5[68>6*&NV.@VUV!VQ[5[-?MD['[IMEQW[O1M1;V>NH7&#X5^U<=R6(&\,=S
M)M*YWJT90D!%", R",DDYN0,(OJYOU]-&T9!18_Q(=6S7M1Y8!D"ZUZ26&N8
M2::5V*.&9YSD8)/C:&TI2,3%Z:LSH+GE_ I.196C=?(O7@IO ?Q2C*0=]>R-
MAC#22,1(MFPG("Z?;M?U#MRCACYG,4,D-X:7Q&8"<(OUR'?NV#,,D?L/[3 Q
M,7;[6$O<@S]_QG8Q^'KR8^Q)=O8R9K=2,(XQ(I1^*POI)( $P?$W.+F.[7;N
M'HZ"!3\0W\EC([>7N#!EYY)YIX9(6.,1LR3D8D$,P#N<9Q?1C(6=M'WLZ#;Y
MKB]FTV-DQ=YL;:Q@200RE ,X]F:-HS'MNX"Q-L%Q?T9VZB[=$&6O^'"MV8C+
M,;H(3.2.&>LTPL4A6"(=A2=G87R?>SQ[G=ON9O:@F8OQA8I7L5:?+[BQTA2&
MX12#(0/*<C5XY2GD-J_ZFWMS=W33VN+H)_)N!29N[:D'(_%I9".N%^MV6D(R
MID9P%'*Y#L9CD][;7W,W3;U=!.QG%&H5,I5BO&TF1BBC:8!8#A[50*@F/4NO
MZ6]M?Z$%=Q#B$>!Q67ABOQY&;)'O-XQ<&:4:P0;=3EL&[EVF)W(W?5_P05.&
M\6W9<3"6:R3OD9L4V,G&& (VB!X(XP%M#D$BC("<B]#U]&9M$'FQXVSES/V"
MO9()*63@$LU8CKC'WC":-PA@'ND<&D5<6<G<]=7?UTT#W8\636:T+2YV,IZP
M04JEL:K!)#7JC($31G',!C89Y2W&Q;"]'CTZ()&,\7E5Y/\ ODN8*U+'.\NP
MHG[CCW)9!&0RE/JS3[?:(CHS:"W5!8<@X/?R&??-T,J-&SV0A 9*S6!'0)XS
M+1Y(]=P6.GX$+>K.XH.N>X.V1XWC<%4O%4KXYHX]3$I&EBC@*!@D$#@=_N8V
M]VFYFU9VZ(,='XQY/!CSABNB[XZ[7?#1O!%KH#TXY+4I=S0Q[=<R:+VO^;^W
M0-%7\;VJIR7:V68<N=H+[6CK,4/R=;/>=X6D%^V;7381WLX]/<Z"*?AZB]::
MN.1D<"J5(8!.-MH6:LL4IV78"C=^_P#%A$P%QT8>CMKT"\CX9V>'#Q^"T$,H
MR-8:T$+]OO-9:WKVGD<G%Y&ZZR.3MZEKU04=_P 2P7(Z9ADF^11'2 CA(HG+
MN62-S&*:$W]MLFT8VT=F?KU9!N,3CH<;BZ>.AT[-*".O'H+"VV(&!M!;HW1O
M1D$I 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!!C?(LN>C"F6(.6$VCM=RU#7>
MR47Z;;7T$)#;7JWL9W_ 2TT08V/.^2/[0'R<AOCI'"N]<M0>$2(9G(JL83/+
ML;9UCEU=A*+ZH.V2Y/SR?)PS8Z/)!5>ZY0!)4E ):DEMXBUC>L3MLA]VLLD;
MLSL[,3ZZ!TIW>=5FJ0Y2]F2JG#!8*U7IQRV7O2UHB:L0M#L&'N]S7<S,)>TC
M9D%WXVO\YM#E"S[F4XA&XP3121C';=Y.['&9PUQ*-F8-&!Y!;UWON04N#J\C
MS'(>/3Y4\E9K4)PM6?FUA@"+(E3L?(C$7B!GAB/MM&;:LSD[";_0/?)\YS\.
M87H<:.0CQ@,4,G;KO*(0M%$;SU_[OVWDT[O;_5,B)MKCZ,@SAP<G*HU<?W>2
MNV2DN8J,Z+Z61*_9DEGN:PML)A:(A8MFK.WM?<2"QI#R?'W'$I,K7HS69Y,Q
M;AJO+8@BE&N<?QOT#?81:,[ ):-NZ:C[0FODO)<- \I8/(E:T:N>.BKQ,+ 6
M)&9YQ%H9":1K3==-S,^H,+OT06GC0^43Y#(V\Q'.=@:HUZMBU')'W(X[=HH>
MLD<!%^F8]7 7TT=V04[9GFWQ(2&WG'LO7*0A.@+ ^:TCVT^D&K5-7/4GT#\)
M>B#M:F\CQ?-NQWLD9@Y2P4V@B>+4LG+6:-F[.]P&IM-O=KZ'J@^')Y&HP.;9
M#*7-2:&;=6A,P@.G6L33Q $([I@EDF&-NK:MLVN[().'M\[ER4=DK>1+&UK5
M**E'/7"/Y-.>Y9BEFLB\0R;Q@&-_X-K;2)O<@\>03Y98S.7QE4KMC'6L><<5
M>&N7;A+M;FEW/"<<SO*VC:3,;%[7C<?<@C9#*^0Z64KTJ\F2L1T[KQC/) YC
M9JG<<"(^U6<">.%_N*2/IHXL3ZH(\5WRG#9AKE>O-KC@E::2F5@B*6D4LQO'
M%7&+NQVGVB#RB3,S"P%NZAIZ&3Y3)XY^1+\V.^-EHYK+1O);^%\MAEG@C."&
M0G:NY.&^#?\ \)/ZAY\?X[*2\CR>9R;VY#EI05:-BY&T4AU0M6^V[CVXW"0H
MAC.0>G5]7%G?1@QF$H<]P^,MW,(>2DR#.]5J=N%G"0PI6">0M\3$3A,$8@3/
MM]&Z[NH;?!Y7E<7C_*6Y>_?RH%,&'8XIAF-S$1AWM+!5D)FF)]3>$?;^.FKA
MG,'#ROCY5^-V8K^.QV/ED.E)B8WOA.<[PG!"<TL ^S<5G?N8&;IJ3=-0YU>4
M\QK7I>]/EK10UXCRE1Z3D\-VQ!>'97&.%C.#Y$,0@;;A]/=H[H)%<N=2-)/*
M]P/CR59 JM6C:.627($TTAMVM2((A8M6=M/N05V5S?/,5@IROY3*QB&->_%=
MCJQ'/^X/2B/L2"T#B-<9.XY:BVU]&(VZ(-ORGCEK-<JPA?'IRUZ]&X\YY"E\
MZ%B*:IH(LYQ-'(3"6A:OT9^B"B_<N;9#*U<0,N3HQ!:E@R5N.ML80>U8>/MR
MR1%&3=@8O>.K:.WU0<\'/RN_RCC,N;?(/:@,)3@>KLI#">'-BGDD:-F"9[<D
M@.+G^6W31T$BY+S<>17Y*LERO2JVXY(8(J\?:L#)<@B/N.\;D;- 1]6+7ZZ]
M$%GSC(<HKY<QQ9WQD&BQX:O3K!/7L7'*5I0MF8.(" -&XZF'J^FY^B#/QW>=
MRVC.A>R\F)ICWJ$MJH,4]HFEJ,<=@#@C+:W<G$681=VZ^@LZ"+D+WE&ICJG;
MMWY MPUK-^P==WEKS2#:;M1C7JSGMWQ0[A[9?34F8W=!VRLG*[U4VR4^7;(5
M[M6:Y5K5-M*.**U%V3@-HC,]\;N9B)'_ !;]NUD'FO?\AF-6J$V2K69/BPWH
M0I@->M4(ZHA-7-X=G=)CDWCJ6WWZB+ R#56KO+*/ WNQ?*NY;&VY6[3Q"]BU
M6@N'"+$ B.KG79BW"+:^OU09"<.>7L;5_?'O;ZDHPVIJ\&DA?MU['1R6 V1D
M>VPX3S,P]"%M=-&0:KQU!R'&88J=TK=F.#%8^>K'8C 3"<X#::O%H$;: \8,
MPEJXN_5^J#(8S)^3[M:XY6<I7:O6M7:A/6]\DX58CB@)YJL&X>_O;8,;:]1%
MW9!K?)^.Y+FPQV+PM099H6DRA33225X@L5A9J;=P8Y6<VGD:1@?379ZL@S \
MDY?ELU4@ANY:C-DS,K='XH!'5K-?IQQO!(<+^\:LQ]WW%M)WW,+LS(/-G,>5
MA+(L<E@(1M]NYM@G<H(&FD:,JYA3DU8XQCW]IINC[O;U02N[Y.E@EMSY#(16
M1@G/X\%:,8GDK8ZM/#M X7-N[9*1B;7KU!M-$##6_)F1M%5R-JY2&>_%'<>"
M F*N+_(<QADFK#%V]@QMJ+R,W1]^I(+CADW(X,'R7(7@OS9N:&O<& XMI%+^
MUP-_=P(&CW%,!"X]=";1V_$,_B\CY+G:4BM9%HJ#G-4UKOI9;N4G$)"GJUY#
M#26=ND8/IK_59!H.!MF)\SF[>2?(2VI<;2BM%=KO $=L);93P52[<;211N;;
M7;=T=O<^J#.X_AF<PF#P>;BIQ_/"O6']MQ5)Z\C%#3G-I+#&4C23]PV#4A9F
M=WZ/NT0?<9D?)<XS$5K(M%0<YJG]W?2RW<I.(2//5KR&&DL[?V8/I_ZK(-=S
M6[R>+/TX<;)=CA*.'X05(&E@FL'98+ 6Y'"3M %?W"[D+?<^KN+,@HK/$[[>
M+N,8NG#/\^O:K7-9 TE"Q'W+(G+M$-/UF'<[M_2@I;$W/ZUNYD\77MX[]\LC
MD)W*"8Y!G.G#\2O( 062V@.H2-H([AVD8_4)N4S/-\>\4MK)9&*>>V)5( KQ
ME 1R9?XKP3OVG>*#XNSMD1#NW$[$1:()G#;?D6_D\='F+=R*OW^[D!& @TF"
M BDKD<U:!NSW-NC1[F^C2%J@]\]S7/H.368L&UX*\=>2,&C@*:)]]&:0)@TK
ME'J-EHQ]TV[<VFS:^KAQNR<\H7.V>2R\V*.U:KW;(5HY9X:4$T':FA:*#4C+
MNF+DPEJ&KLWLU0<9LEY/CHGDFL7FLQB$,=26O$,;QG0FE>>07C;2;N!&[MN8
M6/V:==$$X;&3S/CKE4 7<E=>M=DAIV)(7AO]B)H)''M#$!N[>[UCW.WT05=A
M^>XFF88V>^]"[9LSVG.$MU:)\C8<7@[5:>9NX!1N7Z9OH^[1NKH/U3C<F3DX
M_CI,J^[)'6B*X6QXM97!MSO&[,XOKZMHVB"Q0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 093R3R^;C''PM59*T=ZS.,-5[A,$+N(E/(Q.Y!U*&$Q'K]SL@Y2>
M1X#![&/Q5F_CW^-%#=B. 0.U="*2O!H<@DS$-F/61VVL[Z((I^4JKXJ[8+'V
M:EBHY0RQ'VC*.5FLL_03VEM*H7\775D'@_)THV@ ,39E::62I2B8J[/8ECMA
M4>1B>3],6D=_N^G7^D)F$\DU\Q?Q\%;%V@J7S^,]TWA8(K35'N% 8,;G[8VT
MW"SCNZ:H(,G-<I6S^>DLRR%B\-*\;4HL?+M,&KQ'_P!>1=ECWS:[/73H@EW/
M)U*KDK-8\=9*K1D&/(7F*+MPM)8*J!['-C-GD#^%NC=4$OAG*\EG[V5:U0+'
MUZS5)*4,K@\I1V8>[O(HS,>OX?3JR#*Y'R-R.GE,N F!05Y,C!5BEI31P@5.
MN4T3C<<^U,9.'NB%MVFK]-KH+F#RM2M7[N-I8V:UDH)HX*M:.6N33O(4S=9&
M-PCVM5D(F)]6;3ZOH@IY_*64M07JU2,JMZEE0HVI/B':.".8S[47QHC<Y9>V
M&I.#N+?GUT"=A?*$[8FO9R54[D3L4]G)UP&  H'9*O6LR5Y9"D$I-CN4;:D+
M"[NS/[4'5_)T_P"]8*K+BYJM?/A+^V1S/$YV'W5RBD8PD(8A&&60I!/W=&9M
M7=F<)/(^:93$\KM8T0B*E^T-8I:B7<+(G)*T41%KIMD&+HVFO1^J"+1\I@'&
M*60NTI;-XQBBL!6V")V"J06"[;&?02>PS#N+^E +R;,^1J1#C[0ZV/C9"@$+
M6)P,1OB;1O"9;]):+/KIIM_IZ!%?RQ;;!7+7[=+WX&L@5LP&.*"P\D[4X9H2
M/NZD,(=S1NCDWYZ!TM^4;4>4K_W&2+#%'.XV](R>Q)6LQUY.V/<UC%BWM[VU
M?H[(.Y>6XAK2F^"N_)K1O:N5=]?=%4[<,K3N7<VEJ-H/8+[NA?AU"UQ'.HLO
M2SLE>J=2QANZ)1V'C<]08]KG$)=R-W>/7:;-TTT=T&4H^9+%>I3+-5H@R'Q(
M0NT8B:-FOR/N8AEE)A&"2#]4'+Z/IZ]$%W4\O8*U9JUHJEIK%T6>"(Q$"U,Z
MXQ"3.70I!M[V_("_!!-S^>Y+2Y)7PU2&.2/,,#XVXX.XUNP6M[Y'N;=^B[%#
MIIJ7M?\ %!3VO)D+,]BE@IQRV1K#+CY)'@;NT1AL6(;$A,>H@/:D?MO[FW-T
MZOH%C4\@'=\>?S32@&0I!".F\OLCEE,PK]PA9W,(FG)]6?W;605^0R, 9T<%
MS&E4SUBK&V0QMZ*LT; SQ6)#$HI#FVDSTB9MI:%JVK=-4'S(^7*S9.OBJ=9P
MLSE5-I3**5NW*<#RB4<9[@)H[/LW^KL_3334/>&\I2R!+^XX\Q:0QCQ1QN&Z
MP10TR&-QW/ME,KNK-KIM9_P06.;S^9CYM!AZUDJ]-JM:R8QX^:YO>6>8#:2>
M,F"N.V%M"-OQ?Z((][RI5KP59(,3:MG9I19'MQE"+A!)7.R6KF8MJ 1.VC>K
MZ,@EX/FUG-<HCIUJ1Q822I<FKW9=FMB2K9BKDX,).0")&?0QU?H[(&<YK=Q7
M(9L;'0/([XJGPZ\!1QR/+,%V61SDE, 8&CH]/S03.-<R#D,[G2QUD<6X,\>3
MD>)@*1A BB>-C>07;N::[='<2_+4/5W*YV?-6\=AQK:T8JTD[V=[,3V2DU87
M!BZ@$3?3KN_)!AHO*?)#PF/E[59LB5B^V0]A;&KQ5I9ZC@._5GD9XM7=WUT/
M3\@D9+RGGPLU7H8N5X@&C-=JVZTL$\D4H6Y+3UV)_<0QU6>-OJ_3ZH+>#EN>
MFPMWD\4]2?!59++QQQ@3R205[A!W!/=M]U8-6_XOR06?*^>X_CF2QU*U <O[
M@8!O"2)G!I)0A%VC(FD/WR-NVCHS?7Z(*"YY;L%A9YJ."M-E2HOD:560Z[L]
M5ZY3A8)VDTT9VVO'KNUT07'(/(=/C\&'*] 4Q9,8W,HCB%P8RC!R&,R:0]"E
M9]!;HVNK^FH1<SR3AW$N2RE+BQKY')=E[&0ACC8C"49R>0RZ%M JS,?YD""/
MBO*%N2 VOX:P-N>>>/%1@4+?(<+WQ!C?61^V4?<#>1Z,_N=OP0<<?Y3FGS,S
M6*W9Q<4IUYHR86FKR =& WE/>X.,4]N3<X_PLSMZ=0NB\B8Z6I1;'URO9C(L
M)UL+'+ %EHSC*<9)=YB,8E"&YMS_ %9D%7_G/Q\Q;M5+)F<!6(X] $G9I8P
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MG7H@U/',U'G,'3RT<$E8+D;2-7FV]P.NCB>UR'5G;Z.@L4! 0$! 0$! 0$!
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MZEQ#$5,;8>W1@K $%EQ(.XS-]VTM2'5_HZ"\0$! 0$! 0$! 0$! 0$! 0$!
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M#' $GQV+N2$&)LUK(CL#<_>FE!W^I::OU9D$VQXSY#*U@X:./J5+<@$^&BD
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MJ0L0B\8DT8ZL!>HZZ>C_ (() B("PBS"(MH(MT9F;Z,@^H" @(" @(" @("
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M,$)R=S>\A>A"_P!K ^FB#S+G.:Y'"Y.G?OW@FFH6@Q,=*D1C;A>*Q^M).=6
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M#&Q$ .SB+NPZN(N Z-^3()R @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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M^K,-4)H3M[[ R1N4%@"CD'=/,1NT.[KL#3J+"_J@[9;@?*9KV7:M5'XF1O\
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MQD).S?8XZH+'F%3.Y/FHPX8+4=X,?2FJ76L=JO3(K<W=.>OO'N=R('#1@/\
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M:;AU;T?1W;5OR=!Z0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0?& &9V869B=W)M/5W]=4'UF9FT;HS>C(&C:N^G5^CO_ $("#X(B(L(L
MPBWHS=&9!]0$! 0$! 0$! 0&9F=W9NK^K_B@(" @("#XT8"1&PLQGIN)FZOI
MZ:N@^H" @^"(B+"+,(MZ,W1F0"$3%Q)F(7]6?JSH/J @(" @:-KKIU]-?KH@
M(#,S.[LW5_5_Q0$! 0$! 0$'QQ%R8G9G(=='^K:^J#Z@(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @^$8"XL1,+D^@ZOIJ_P"#(/J @(" @(" @(" @(" @(" @("
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M>W(=I]T[_P#YAJ.\GU=AT;5!Q#QCR,+_ .X!/@!N_+#(=YL9<U^5' ]8)?\
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MLWQ"_8J&5DLG'BK4'==NQD#DE K#&S:&,DY:L&K::?5!D;7^G(K&1I66R,<
M2\9+ 9H8V-]]OX8U!N1"^C?: L3%IJPL@ZW/$GD;*T,CD,MD<2_)WAQ-3%!7
M&P%+L8BZUUBL.[/)OF/UVCH/HR"1)XGYW0N!R#!W\;_,<&8R^1ABMC.]-Z^9
MCC"0"<&[G<B*(2'IH_HZ#C:\)\GL<RK9JW>QV5AN-C)<_/;&U%+\G&@(D=6M
M6DBK.TNP7'NM^F_IJ@U?,_%N/Y=RNO?S$<%G#!B+N+FJR!NE:6U)$831$[.P
M$#1OH3=6?T08;,>#><Y"OACLY'&9/(4\:>!R$MU[H0R4AG>2"=@K'$4DS1NX
M21R%L)^NJ#.R8W,0>3:O#\6\XXVORP,V-*3'3C+$+UB[MIKNXZQ51?\ LV^]
MW?1_3J%E3_T\<YDK9A\KF*-C(96A#1FN/)=GDFDKY&&Y\B8K#GH4D<3BX1Z"
M/31O5T&H\@>)>89O,<B?"9''U\1RL,<>5&X$Q6(YL68O&T#Q^S9*(MN<NK?1
MNJ"3C_$69K<K#,E>K%".1Y#>[3,>_9FXX0A'TTW1]E]__<@_+/(?&^1</Q,/
M&*4\DE[*<4KX.TT>.L7(;LM:65HHJ<T3_I2OW78^\+"P.Q-J2#]QY5Q'D&1_
MDVWBI:T=OCEZ*U9AMO(P'"5:2M,(O&Q/O897<=>FOJ@QTG@;*V>-X;!V<G ,
M="AR&C8FC$W=RS4W=A,&?3^RT;>S^OT0:/Q?P'D'%J&8GR XP<UD&B",J)7)
M8W:M$01/-+;.24M2-WVLS,+=&U09WC_@"Y@;'%LU3SD\_(L3=>UEOE3RR498
M[@FV1&M!II$4KR:L^G73W(/%7P7R/$<8Y/C\)F@CR&5NP_M9D<\(1XBK,\L6
M..:'2:,7:602*/Z.@AX__3_R*MA1Q[Y"C&31\C 1B^048_OU6.&%A>5SD<83
M!]SD3DXZ=7=!WN^$N:VN9X7+3Y:I/B\)/B+%.*62YW(1QT<<=BO#"Q?&$9B
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M9M%%5NPY&(HQ?1C&Q S1EJ^O1O1!?H" @(" @(" @(" @(" @(" @(" @("
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MN([2=OX6_B09[E^.R' LW!E[\N+@FR&4Y.=.#)G(%1Z>4[4C2]X(S )A:/\
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M%@W$QN[[WU06>7\9\_+/6:M/'4;&(OYG"YZ7+26&&Q#^WC7BFK#%L=R=NPY
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M,IQ,*5S&U;=:WE2.LYP2"<?V-'N,AM_=JS_P>[Z(/U! 0$! 0$! 0$! 0$!
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M_'?^':'_ "1_W)\UO/5OXGEUY'^5_CO_  [0_P"2/^Y/FMYZM_$\NO(_RO\
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M("#+9'FUS'\CHXZUA+(8G(6FQ];,,<3B]IXRD%G@U[K1/VR'N?C]-O5!J4!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!!5TL)/5S%K(GE
MKMJ*RSL..G*%ZT.KL^L3!$$C>FGN-_5!268N:V.813RX>E)AJDK#0M'>-I(A
M,=LUAZS5W8I7%R &[O1G_-T%W?PD]O*U+X9:]4CJZ;Z%<H6K3Z/K^LQQ'(^O
MI[3%!:(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
7 @(" @(" @(" @(" @(" @(" @(/_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>g61427dsp098.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp098.jpg
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M$0$#$0'_Q "-  $  @,! 0$             ! 4! P8' @@! 0
M           0  $$ 0($ P0'! 8&" 4%   ! @,$!1$2(1,&!S$B%M,4E%9!
M,B/4%95744*S%V&2,W1U-W%28B0V"(&1<K)S-+0UL4-3)7:"8Z2U)A$!
M                 /_:  P# 0 "$0,1 #\ _5(
M
M
M
M
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MW1VU6JB[==-.(&J7K;I>&9\,E]C7QN<QZ[7[4>QSF*S>C=N_6-VC==51%5.
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MM%1?'P150#H,5C78ZNRHR99*=>&&"K&Y$W,;"S9JYZ:;E=H!-
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MP71\6'RER]!8W^^22/5KV*KVLFFDL/9O5Z__ #9>&B(FB>"KY@.B
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M_P"E0/'JEG#OK6):W:'.NBR:QV'R\V%7:I+[TQT3UM;H4YJ\S2-6\0-\-JC
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MK=^NW<NFFH&S",[I8._D+V+[;4:]G*2NL7W>H7O;)*]RO<_8^)S&N<J\5:B
M6MCJ7O=9KRUY^WN/?#,QT<K%S;-'-<FCDX5_I10*G(1=S<A0IX^YVPQDU3'Q
MK#2B7.HG*8L?*\JI"BZHSP775/%.($#T[USS^?\ RKQO.Y*UU?Z@?JK%CY2J
MOV7%ZLX<Q?-X<>" 2L70[CXJ]!>Q_:_&U[=9CHXY6YY554<KW.<]%A5)'JLK
M_._5WF7CQ T3X/KR=SGR=JL9O>_FO>W/*QRO5\TBJJMB1?,MJ7=^U'*U?+P
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M=^C=VG[= +L           <3WM_RBZO_ ,+L_P -0.EZ:_X<Q7]SK_PF@6(
M     *AO56)?U4_IB)9)<I#42]:1C%6*&)[]D:2R>#7R*B[&^*HBKX 6X
M K.I>H\3TW@[>;RTO)H4F;Y7(BN<JJJ-8QC4XN>]RHUK4\54"?6FY]:*?EOB
MYK&OY4J;7MW)KM>G'1R?2@&P       #S7L7_P"U]7?_ )9FO_4 >E >=_\
M,-_DOU7_ '1/XK ._I_^4@_\-O\ W4 V@                        #SO
M_F&_R7ZK_NB?Q6 =9F_^$+_^'S?P% HNR?\ E'TA_A57^&@':@
M              "MZF_X;RW]SL?PG <YV3_RCZ0_PJK_  T [4
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M^J_[HG\5@'69O_A"_P#X?-_ 4"B[)_Y1](?X55_AH!VH
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M#?Y+]5_W1/XK .LS?_"%_P#P^;^ H%%V3_RCZ0_PJK_#0#M0
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MOG^G^/\ SMGW<!ZM[Y_I_C_SMGW<!ZM[Y_I_C_SMGW<!ZM[Y_I_C_P [9]W
M>K>^?Z?X_P#.V?=P'JWOG^G^/_.V?=P'JWOG^G^/_.V?=P'JWOG^G^/_ #MG
MW<!ZM[Y_I_C_ ,[9]W >K>^?Z?X_\[9]W >K>^?Z?X_\[9]W >K>^?Z?X_\
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ML/)<L=A9$C<WBY%15A<G_0!=          '-=?\ _M-#_&,1_P#V, '2@
M                                   #D>O>KLIT][J^M%"RH^.:6S>M
M1V)(&.BV;(9'5VOY'-1SEYTB;&[>**!FUW(Q=>O:LNHW)*E5_*2ZQL*5996N
M1DC(YY)8XTV/73=(K6NT7:K@(C>[_33X%LQU;\E16,=#9; U62ODAAG;#'Y]
MRR<NRU>*:>*:ZH!F3O!TG#:CJ64L5[3MZ6()4A;)!(R66%(Y&<U7.<Z2!S46
M)'M\%54144#9E>XCJ-?!7VXFX^EEH[$\T'+:MN**"+FI(K$DV(FWBJ;M?!$3
M=P Q+W7Z=;D)L?#7MV;;%B2"*!L+G3I-*V%KF-65',3=(WC*C-6^9-4X@6.:
MZ[Q>)NSUIJMR=M2-C[EFO#S(HG2HY88GZ.W;Y-NC=&JFJMU5-4 J<MW1JP5F
MI3QUI;[)X8;\$\;42DV2W'65UE6/5$W(]7,6-7HOC]7B!<=(]=X'JMMIV*>Y
MWNO+<]'+&NZ.9'+%(G+?)HC]CO*[1Z:>9J ="
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M'4^8S&1Q4F*AM5:-:O%-+!*][J[[+I'?8/E1$^W;XJ!U(
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MZ9FJTK<64K25\E.M2A*V5JI-817(L4>B^9Z+&[5J<4T7]@%J
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M!S7KM16(K5=]=P'N
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                               4%OJ6]5ZEH8F7$RK1R+Y(8,DR1CML
ML43IE62%/.V)6L5J/_UM$5.**!?@
M
M   !5TL)/5S%K(ORUVU%914;CIW0K6AU5%UB1D3)$\-/,]?$"DR_2]S,]58O
M*35(J$N#M++5RL,[GSSU71.:^NZ-&,VMD<Y-[7.<G#5./@%W?PD]O*U+[,M>
MJ1U=-]"NZ%*T^BZ_;(^)\BZ^'E>T"T
M
M
M
M
M
M
M
M
<                                 '__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>g61427dsp276.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427dsp276.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1"  = )(# 2(  A$! Q$!_\0
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M_P#@/\4?'5MJ6C>(+?2[IM0NHDO[6YDBD>*ZMIH(X\+F%U>-@<B0<X# Q?\
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%BB@#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>g61427g0711215131277.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61427g0711215131277.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  6 4L# 2(  A$! Q$!_\0
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M$$IN2GED;<EAL/'S=CVKB+BXMO#WQ0\(ZS'>6TK:M"^GZEY,JM^]=MZDX/\
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IG,1&_;\OHO'3KVKN(M"TF"/9'IMJ!N+',2DDDDDDGDDDDY]Z** /_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
