<SEC-DOCUMENT>0001193125-15-204370.txt : 20150528
<SEC-HEADER>0001193125-15-204370.hdr.sgml : 20150528
<ACCEPTANCE-DATETIME>20150528172107
ACCESSION NUMBER:		0001193125-15-204370
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20150630
FILED AS OF DATE:		20150528
DATE AS OF CHANGE:		20150528
EFFECTIVENESS DATE:		20150528

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO STRATEGIC INCOME FUND, INC
		CENTRAL INDEX KEY:			0000916183
		IRS NUMBER:				943194834
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-08216
		FILM NUMBER:		15896386

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212 739 4000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIMCO STRATEGIC GLOBAL GOVERNMENT FUND INC
		DATE OF NAME CHANGE:	20041005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RCM STRATEGIC GLOBAL GOVERNMENT FUND INC
		DATE OF NAME CHANGE:	19931214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO Dynamic Income Fund
		CENTRAL INDEX KEY:			0001510599
		IRS NUMBER:				274580758
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-22673
		FILM NUMBER:		15896387

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-739-4000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO Income Strategy Fund II
		CENTRAL INDEX KEY:			0001296250
		IRS NUMBER:				201619298
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21601
		FILM NUMBER:		15896388

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212 739-4000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIMCO Floating Rate Strategy Fund
		DATE OF NAME CHANGE:	20040701

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO INCOME STRATEGY FUND
		CENTRAL INDEX KEY:			0001244183
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21374
		FILM NUMBER:		15896389

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-739-4000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIMCO FLOATING RATE INCOME FUND
		DATE OF NAME CHANGE:	20030619

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO HIGH INCOME FUND
		CENTRAL INDEX KEY:			0001219360
		IRS NUMBER:				383676799
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21311
		FILM NUMBER:		15896390

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-739-3000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO Global StocksPLUS & Income Fund
		CENTRAL INDEX KEY:			0001318025
		IRS NUMBER:				202726382

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21734
		FILM NUMBER:		15896391

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212 739-4000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIMCO Global StocksPLUS Income Fund
		DATE OF NAME CHANGE:	20050321

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIMCO International StocksPLUS Income Fund
		DATE OF NAME CHANGE:	20050216
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>d923929ddef14a.htm
<DESCRIPTION>PIMCO CLOSED END FUNDS
<TEXT>
<HTML><HEAD>
<TITLE>PIMCO Closed End Funds</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(Rule 14a-101) </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION REQUIRED IN PROXY
STATEMENT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Proxy Statement Pursuant to Section&nbsp;14(a) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;) </B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by the Registrant&nbsp;&nbsp;<FONT
STYLE="FONT-FAMILY:WINGDINGS">&#254;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Filed by a Party other than the
Registrant&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box: </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Preliminary Proxy Statement </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><B>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B> </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#254;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Definitive Joint Proxy Statement </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Definitive Additional Materials </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting Material Under Rule 14a-12 </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>PIMCO Strategic Income Fund, Inc. (&#147;RCS&#148;)
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>PIMCO Global StocksPLUS&nbsp;&amp; Income Fund (&#147;PGP&#148;) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>PIMCO High Income Fund (&#147;PHK&#148;) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>PIMCO Dynamic Income Fund (&#147;PDI&#148;) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>PIMCO Income Strategy Fund (&#147;PFL&#148;) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>PIMCO Income Strategy Fund II (&#147;PFN&#148;) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Registrant as Specified in its Charter) </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Person(s) Filing Proxy Statement, if other than the Registrant) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Payment of Filing Fee (Check the appropriate box): </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#254;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" COLSPAN="3">No fee required.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" COLSPAN="3">Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.</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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">(1)</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Title of each class of securities to which transaction applies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(2)</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Aggregate number of securities to which transaction applies:</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(3)</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(4)</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Proposed maximum aggregate value of transaction:</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(5)</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total fee paid:</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" COLSPAN="3">Fee paid previously with preliminary materials:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" COLSPAN="3">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">(1)</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amount Previously Paid:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(2)</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Form, Schedule or Registration Statement No.:</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(3)</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filing Party:</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(4)</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date Filed:</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">NOTICE OF JOINT ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>PIMCO STRATEGIC INCOME FUND, INC. (&#147;RCS&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PIMCO GLOBAL
STOCKSPLUS&nbsp;&amp; INCOME FUND (&#147;PGP&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PIMCO HIGH INCOME FUND (&#147;PHK&#148;) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PIMCO DYNAMIC INCOME FUND (&#147;PDI&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>PIMCO INCOME STRATEGY FUND (&#147;PFL&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PIMCO INCOME STRATEGY FUND
II (&#147;PFN&#148;) </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1633 Broadway </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>New York, New York 10019 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">To the Shareholders of PIMCO Strategic Income
Fund, Inc. (&#147;RCS&#148;), PIMCO Global StocksPlus&nbsp;&amp; Income Fund (&#147;PGP&#148;), PIMCO High Income Fund (&#147;PHK&#148;), PIMCO Dynamic Income Fund (&#147;PDI&#148;), PIMCO Income Strategy Fund (&#147;PFL&#148;), PIMCO Income
Strategy Fund II (&#147;PFN&#148;) (each, a &#147;Fund&#148; and, collectively, the &#147;Funds&#148;): </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%;padding-bottom:0px; "><FONT STYLE="font-family:Times New Roman" SIZE="2">Notice is hereby given that an Annual Meeting of Shareholders of each Fund (each, a &#147;Meeting&#148;) will be
held at the offices of Pacific Investment Management Company LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;Streets, 42</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;Floor, New York, New York 10019, on Tuesday, June&nbsp;30, 2015, with each Meeting to be held at 9:30 A.M.,
Eastern Time, for the following purposes, which are more fully described in the accompanying Proxy Statement: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">To elect Trustees/Directors</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2"> of each Fund, each to hold office for the term indicated and until his or her successor shall have been elected and qualified; and </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">To transact such other business as may properly come before the Meeting or any adjournment(s) or postponement(s) thereof. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Board of Trustees of each Fund has fixed the close of business on May&nbsp;1, 2015 as the record date for the determination of
shareholders entitled to receive notice of, and to vote at, the applicable Meeting or any adjournment(s) or postponement(s) thereof. The enclosed proxy is being solicited on behalf of the Board of Trustees of each Fund. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP>&nbsp;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hereinafter, the terms &#147;Trustee&#148; or &#147;Trustees&#148; shall refer to a Director or Directors of RCS as well as a Trustee or Trustees of PGP, PFL, PFN, PHK
and PDI. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="98%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By order of the Board of Trustees of each Fund</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top">


<IMG SRC="g923929g35x09.jpg" ALT="LOGO">
</TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Joshua D. Ratner</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Secretary</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, New York </FONT></P>  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">May&nbsp;28, 2015 </FONT></P>  <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>It is important that your shares be represented at the applicable
Meeting in person or by proxy, no matter how many shares you own. If you do not expect to attend the applicable Meeting, please complete, date, sign and return the applicable enclosed proxy or proxies in the accompanying envelope, which requires no
postage if mailed in the United States. Please mark and mail your proxy or proxies promptly in order to save any additional costs of further proxy solicitations and in order for the applicable Meeting to be held as scheduled. </B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>PIMCO STRATEGIC INCOME FUND, INC. (&#147;RCS&#148;) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>PIMCO GLOBAL STOCKSPLUS&nbsp;&amp; INCOME FUND (&#147;PGP&#148;) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>PIMCO HIGH INCOME FUND (&#147;PHK&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>PIMCO DYNAMIC INCOME FUND (&#147;PDI&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>PIMCO INCOME STRATEGY FUND
(&#147;PFL&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>PIMCO INCOME STRATEGY FUND II (&#147;PFN&#148;) </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1633 Broadway </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>New York, New York 10019 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF
PROXY MATERIALS FOR THE ANNUAL MEETINGS OF SHAREHOLDERS TO BE HELD ON JUNE 30, 2015 </B></FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Proxy Statement and the
Annual Reports to Shareholders for the fiscal years ended January&nbsp;31, 2015 for RCS, March&nbsp;31, 2015 for PGP, PDI and PHK (when available), and July&nbsp;31, 2014 for PFL and PFN are also available at&nbsp;<U>pimco.com/closedendfunds.</U>
</FONT></P>  <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PROXY STATEMENT </B></FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>May&nbsp;28, 2015 </B></FONT></P>  <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">FOR THE JOINT
ANNUAL MEETING OF SHAREHOLDERS </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">TO BE HELD ON JUNE 30, 2015 </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>INTRODUCTION </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%;padding-bottom:0px; "><FONT
STYLE="font-family:Times New Roman" SIZE="2">This Proxy Statement is furnished in connection with the solicitation by the Boards of Trustees/Directors</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> (the &#147;Board&#148;) of the shareholders of PIMCO Strategic Income Fund, Inc. (&#147;RCS&#148;), PIMCO Global
StocksPLUS&nbsp;&amp; Income Fund (&#147;PGP&#148;), PIMCO High Income Fund (&#147;PHK&#148;), PIMCO Dynamic Income Fund (&#147;PDI&#148;), PIMCO Income Strategy Fund (&#147;PFL&#148;), and PIMCO Income Strategy Fund II (&#147;PFN&#148;) (each, a
&#147;Fund&#148; and, collectively, the &#147;Funds&#148;) of proxies to be voted at the Annual Meeting of Shareholders of each Fund and any adjournment(s) or postponement(s) thereof. The term &#147;Meeting&#148; is used throughout this joint Proxy
Statement to refer to the Annual Meeting of </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP>&nbsp;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hereinafter, the terms &#147;Trustee&#148; or &#147;Trustees&#148; shall refer to a Director or Directors of RCS, as well as a Trustee or Trustees of
PGP, PFL, PFN, PHK and PDI. </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
  <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px; "><FONT STYLE="font-family:Times New Roman" SIZE="2">
Shareholders of each Fund, as dictated by the context. The Meeting will be held at the offices of Pacific Investment Management Company LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633
Broadway, between West 50</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> and West 51</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;Floor, New York, New York 10019, on Tuesday, June&nbsp;30,
2015, at 9:30 A.M. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Notice of Annual Meeting of Shareholders (the &#147;Notice&#148;), this Proxy Statement and the
enclosed proxy cards are first being sent to Shareholders on or about June&nbsp;5, 2015. </FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Meeting is scheduled as a
meeting of the holders of all shares of the applicable Fund, which consist of holders of common shares of each Fund (the &#147;Common Shareholders&#148;) and holders of preferred shares of PFL, PFN and PHK (the &#147;Preferred Shareholders&#148;
and, together with the Common Shareholders, the &#147;Shareholders&#148;). The Shareholders of each Fund are expected to consider and vote on similar matters. The Shareholders of each Fund will vote on the applicable proposal set forth herein (the
&#147;Proposal&#148;) and on any other matters that may properly be presented for vote by the Shareholders of that Fund. The outcome of voting by the Shareholders of one Fund does not affect the outcome for the other Funds. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Board of each Fund has fixed the close of business on May&nbsp;1, 2015 as the record date (the &#147;Record Date&#148;) for the
determination of Shareholders of each Fund entitled to notice of, and to vote at, the applicable Meeting. The Shareholders of each Fund on the Record Date will be entitled to one vote per share on each matter to which they are entitled to vote and
that is to be voted on by Shareholders of the Fund, and a fractional vote with respect to fractional shares, with no cumulative voting rights in the election of Trustees. The following table sets forth the number of shares of common stock
(&#147;Common Shares&#148;) and shares of preferred stock (&#147;Preferred Shares&#148; and, together with the Common Shares, the &#147;Shares&#148;) issued and outstanding of each Fund at the close of business on the Record Date: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="14%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="14%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Outstanding<BR>Common<BR>Shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Outstanding<BR>Preferred&nbsp;Shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">41,662,643</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PGP</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">10,511,743</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFL</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">25,299,666</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2,051</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">59,102,582</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,698</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">125,333,290</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">11,680</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">45,478,521</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The classes of Shares listed for each Fund in the table above are the only classes of Shares currently
authorized by that Fund. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
  <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">At the Meeting, the election of two Trustees (the &#147;Preferred Shares Trustees&#148;)
of PFL and PFN, respectively, will be voted on exclusively by the Preferred Shareholders of that Fund. On each other proposal to be brought before the Meeting (including the election of the nominees other than the Preferred Shares Trustees by all
Shareholders), the Preferred Shareholders, if any, will have equal voting rights (<I>i.e.</I>, one vote per Share) with the applicable Fund&#146;s Common Shareholders and will vote together with Common Shareholders as a single class. As summarized
in the table below: </FONT></P>  <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>RCS: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Common Shareholders of RCS, voting as a single class, have the right&nbsp;to vote on the election of Craig A. Dawson and the re-election of Deborah A. DeCotis and Alan Rappaport as Directors of RCS.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PGP: </B></FONT></P>  <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Common Shareholders of PGP, voting as a single class, have the right&nbsp;to vote on the election of Craig A. Dawson and the re-election of William B. Ogden, IV and Hans W. Kertess as Trustees of PGP.
</FONT></P>  <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PFL: </B></FONT></P>  <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Common and Preferred Shareholders of PFL, voting together as a single&nbsp;class, have the right to vote on the election of Craig A. Dawson and Alan&nbsp;Rappaport and the re-election of James A.
Jacobson as Trustees of PFL, and the Preferred Shareholders of PFL, voting as a separate class, have&nbsp;the right to vote on the election of Deborah A. DeCotis and Hans W. Kertess as Trustees of PFL. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PFN: </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Common and Preferred Shareholders of PFN, voting together as a single class, have the right to vote on the election of Craig A. Dawson
and the re-election of Alan Rappaport as Trustees of PFN, and the Preferred Shareholders of PFN, voting as a separate class, have the right to vote on the re-election of Bradford K. Gallagher and William B. Ogden, IV as Trustees of PFN. </FONT></P>
 <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PHK: </B></FONT></P>  <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Common and Preferred Shareholders of PHK, voting together as a single class, have the right to vote on the re-election of Deborah A. DeCotis and John C. Maney as Trustees of PHK. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PDI: </B></FONT></P>  <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Common Shareholders of PDI, voting as a single class, have the right to vote on the re-election of Deborah A. DeCotis and John C. Maney as Trustees of PDI. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Summary </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:30pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Proposal</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Common<BR>Shareholders</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Preferred<BR>Shareholders</B></FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Election of Trustees</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>RCS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Interested Trustee/Nominee</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Election of Craig A. Dawson*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Independent Trustees/Nominees***</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PGP</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Interested Trustee/Nominee</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Election of Craig A. Dawson*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Independent Trustees/Nominees***</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of Hans W. Kertess</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of William B. Ogden, IV</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PFL</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Interested Trustees/Nominees</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Election of Craig A. Dawson*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Independent Trustee/Nominee***</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Election of Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of James A. Jacobson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Election of Hans W. Kertess</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Election of Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PFN</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Interested Trustee/Nominee</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Election of Craig A. Dawson*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Independent Trustees/Nominees***</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Election of Bradford K. Gallagher</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Election of William B. Ogden, IV</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PHK</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Interested Trustee/Nominee</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of John C. Maney*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Independent Trustees/Nominees***</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="15%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="15%"></TD>
<TD></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:30pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Proposal</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Common<BR>Shareholders</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Preferred<BR>Shareholders</B></FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PDI</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Interested Trustee/Nominee</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of John C. Maney**</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Independent Trustees/Nominees***</I></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re-election of Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#252;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">N/A</FONT></TD></TR>
</TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Dawson is an &#147;interested person&#148; of each Fund, as defined in Section&nbsp;2(a)(19) of the Investment Company Act of 1940, as amended (the &#147;1940
Act&#148;), due to his affiliation with PIMCO and its affiliates. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">**</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Maney is an &#147;interested person&#148; of each Fund, as defined in Section&nbsp;2(a)(19) of the 1940 Act, due to his affiliation with Allianz Asset
Management of America L.P. and its affiliates. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">***</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Independent Trustees&#148; or &#147;Independent Nominees&#148; are those Trustees or nominees who are not &#147;interested persons,&#148; as defined in the 1940
Act, of each Fund. </FONT></TD></TR></TABLE>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">You may vote by mail by returning a properly executed proxy card, by Internet by going
to the website listed on the proxy card, by telephone using the toll-free number listed on the proxy card, or in person by attending the Meeting. Shares represented by duly executed and timely delivered proxies will be voted as instructed on the
proxy. If you execute and mail the enclosed proxy and no choice is indicated for the election of Trustees listed in the attached Notice, your proxy will be voted in favor of the election of all nominees. At any time before it has been voted, your
proxy may be revoked in one of the following ways: (i)&nbsp;by timely delivering a signed, written letter of revocation to the Secretary of the applicable Fund at 1633 Broadway, New York, New York 10019, (ii)&nbsp;by properly executing and timely
submitting a later-dated proxy vote, or (iii)&nbsp;by attending the Meeting and voting in person. Please call 1-(877)-536-1555 for information on how to obtain directions to be able to attend the Meeting and vote in person or for information or
assistance regarding how to vote by telephone, mail or by internet. If any proposal, other than the Proposal set forth herein, properly comes before the Meeting, the persons named as proxies will vote in their sole discretion. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The principal executive offices of the Funds are located at 1633 Broadway, New York, New York 10019. PIMCO serves as the investment
manager of each Fund. Additional information regarding the Manager may be found under &#147;Additional Information &#151; Investment Manager&#148; below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The solicitation will be primarily by mail and by telephone and the cost of soliciting proxies for each Fund will be borne by PIMCO. Certain officers of the Funds and certain officers and employees of the
Manager or its affiliates (none of </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
whom will receive additional compensation therefor) may solicit proxies by telephone, mail, e-mail and personal interviews. Any out-of-pocket expenses incurred in connection with the solicitation
will be borne by PIMCO. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Unless a Fund receives contrary instructions, only one copy of this Proxy Statement will be mailed to
a given address where two or more Shareholders share that address and also share the same surname. Additional copies of the Proxy Statement will be delivered promptly upon request. Requests may be sent to the Secretary of the Fund c/o Pacific
Investment Management Company LLC, 1633 Broadway, New York, New York 10019, or by calling 1-(877)-297-1742 on any business day. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">As of the Record Date, the Trustees, nominees and the officers of each Fund as a group and individually beneficially owned less than one
percent (1%)&nbsp;of each Fund&#146;s outstanding Shares. To the knowledge of the Funds, no person beneficially owned more than five percent (5%)&nbsp;of the outstanding Shares of RCS, PGP or PDI, respectively, and the following entities
beneficially owned more than five percent (5%)&nbsp;of a class of shares of PHK, PFL and PFN. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:59pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Beneficial Owner</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fund</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Percentage of Ownership of Class</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bank of America Corporation</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">100 North Tryon Street,</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Charlotte, North Carolina 28255</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFL</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.02% of Common Shares</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">44.40% of Preferred Shares</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">UBS Group AG</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bahnhofstrasse 45</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">P.O. Box CH-8049</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Zurich, Switzerland</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFL</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">12.36% of Preferred Shares</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bank of America Corporation</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">100 North Tryon Street,</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Charlotte, North Carolina 28255</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">29.50% of Preferred Shares</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">UBS Group AG</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bahnhofstrasse 45</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">P.O. Box CH-8049</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Zurich, Switzerland</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">26.02% of Preferred Shares</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">UBS Group AG</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bahnhofstrasse 45</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">P.O. Box CH-8049</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Zurich, Switzerland</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">14.02% of Preferred Shares</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Citigroup</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">60.00% of Preferred Shares</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">6 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP>&nbsp;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Shares jointly owned by Citigroup Inc. (399 Park Avenue, New York, NY 10043) and Citigroup Global Markets Inc., Citigroup Financial Products Inc. and
Citigroup Global Markets Holdings Inc. (388 Greenwich Street, New York, NY 10013). </FONT></P></TD></TR></TABLE>  <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PROPOSAL:
ELECTION OF TRUSTEES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In accordance with PGP&#146;s, PHK&#146;s, PDI&#146;s, PFL and PFN&#146;s Amended and Restated
Agreement and Declarations of Trust (each, a &#147;Declaration&#148;) and RCS&#146;s Articles of Incorporation, as amended (the &#147;Articles&#148;), the Trustees have been divided into the following three classes (each a &#147;Class&#148;): Class
I, Class II and Class III. The Nominating Committee of each applicable Fund has recommended the nominees listed herein for election or re-election, as applicable, as Trustees by the Shareholders of RCS, PGP, PFL, PFN, PHK and PDI. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>RCS. </B>With respect to RCS, the term of office of the Class III Directors will expire at the Meeting; the term of office of the
Class I Directors will expire at the annual meeting of Shareholders for the 2016-2017 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from July&nbsp;1, 2016 through June&nbsp;30, 2017) (for information on the Fund&#146;s
recent change in fiscal year, see &#147;Additional Information &#151; Independent Registered Public Accounting Firm&#148;); and the term of the Class II Directors will expire at the annual meeting of Shareholders for the 2017-2018 fiscal year
(<I>i.e.</I>, the annual meeting for the fiscal year running from July&nbsp;1, 2017 through June&nbsp;30, 2018). Currently, Craig Dawson, Alan Rappaport and Deborah A. DeCotis are Class III Directors. On March&nbsp;10, 2014, the Board of RCS
appointed Craig A. Dawson to serve as a Class III Director, which appointment became effective at the close of business on September&nbsp;5, 2014. Pursuant to the Fund&#146;s Bylaws, as a Director appointed to fill a vacancy on the Fund&#146;s
Board, Mr.&nbsp;Dawson must stand for election at the Meeting, which is the next annual meeting of Shareholders of the Fund following such appointment. The Nominating Committee has recommended to the Board that Mr.&nbsp;Dawson be nominated for
election and that Mr.&nbsp;Rappaport and Ms.&nbsp;DeCotis be nominated for re-election as Class III Directors at the Meeting. Consistent with the Fund&#146;s Articles, if re-elected, the nominees shall hold office for terms coinciding with the
Classes of Directors to which they have been designated. Therefore, if re-elected at the Meeting, Messrs. Dawson and Rappaport and Ms.&nbsp;DeCotis will serve terms consistent with the Class III Directors, which will expire at the Fund&#146;s annual
meeting of Shareholders for the 2018-2019 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from July&nbsp;1, 2018 through June&nbsp;30, 2019). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>PGP.</B>&nbsp;With respect to PGP, the term of office of the Class I Trustees will expire at the meeting, the term of office of the Class II Trustees will expire at the
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">7 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
annual meeting of Shareholders for the 2016-2017 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from July&nbsp;1, 2016 through June&nbsp;30, 2017) (for information on
the Fund&#146;s recent change in fiscal year, see &#147;Additional Information &#151; Independent Registered Public Accounting Firm&#148;); and the term of office of the Class III Trustees will expire at the annual meeting of Shareholders for the
2017-2018 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from July&nbsp;1, 2017 through June&nbsp;30, 2018). Currently, Craig Dawson, William B. Ogden, IV and Hans W. Kertess are Class I Trustees. On March&nbsp;10, 2014,
the Board of PGP appointed Craig A. Dawson to serve as a Class I Trustee, which appointment became effective at the close of business on September&nbsp;5, 2014. Pursuant to the Fund&#146;s Bylaws, as a Trustee appointed to fill a vacancy on the
Fund&#146;s Board, Mr.&nbsp;Dawson must stand for election at the Meeting, which is the next annual meeting of Shareholders of the Fund following such appointment. The Nominating Committee has recommended to the Board that Mr.&nbsp;Dawson be
nominated for election and that Messrs. Ogden and Kertess be nominated for re-election as Class I Trustees at the Meeting. Consistent with the Fund&#146;s Declaration, if re-elected, the nominees shall hold office for terms coinciding with the
Classes of Trustees to which they have been designated. Therefore, if re-elected at the Meeting, Messrs. Dawson, Ogden and Kertess will serve terms consistent with the Class I Trustees, which will expire at the Fund&#146;s annual meeting of
Shareholders for the 2018-2019 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from July&nbsp;1, 2018 through June&nbsp;30, 2019). </FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>PFL.</B>&nbsp;With respect to PFL, the term of office of the Class II Trustees will expire at the Meeting; the term of office of the Class III Trustees will expire at the annual meeting of Shareholders
for the 2015-2016 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from August 1, 2015 through July 31, 2016); and the term of office of the Class I Trustees will expire at the annual meeting of Shareholders for the 2016-2017
fiscal year (<I>i.e.</I>, the annual meeting for the fiscal&nbsp;year running from August 1, 2016 through July 31, 2017). Currently, James&nbsp;A. Jacobson, Deborah A. DeCotis and Alan Rappaport are Class II Trustees. On March 10, 2014, the Board of
PFL appointed Craig A. Dawson to serve as a Class&nbsp;III Trustee, which appointment became effective at the close of business on September 5, 2014. On December 16, 2014, the Board of PFL appointed Hans&nbsp;W.&nbsp;Kertess to serve as a Class I
Trustee to be elected by Preferred Shareholders voting as a single class and Deborah A. DeCotis as a Class II Trustee to be elected by Preferred Shareholders voting as a single class. Pursuant to the Fund&#146;s Bylaws, as Trustees appointed to fill
a vacancy on the Fund&#146;s Board, Mr. Dawson, Mr.&nbsp;Kertess and Ms. DeCotis must stand for election at the Meeting, which is the next annual meeting of Shareholders of the Fund following such appointment. The Nominating Committee has
recommended to the Board that Mr. Dawson be nominated for election as a Class III Trustee, that Mr.&nbsp;Rappaport be nominated for election as a Class II Trustee and that Mr.&nbsp;Jacobson be nominated
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">8 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
for re-election as a Class II Trustee by the Common Shareholders and Preferred Shareholders, voting as a single class, at the Meeting, and that Mr. Kertess and Ms. DeCotis be nominated for
election by the Preferred Shareholders, voting as a separate class, as a Class I Trustee and as a Class II Trustee, respectively, at the Meeting. Consistent with the Fund&#146;s Declaration, if elected, the nominees shall hold office for terms
coinciding with the Classes of Trustees to which they have been designated. Therefore, if elected at the Meeting, Messrs. Rappaport and Jacobson and Ms.&nbsp;DeCotis will serve terms consistent with the Class II Trustees, which will expire at the
Fund&#146;s annual meeting of Shareholders for the 2017-2018 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from August 1, 2017 through July 31, 2018), if elected at the Meeting, Mr. Kertess will serve a term consistent
with the Class I Trustees, which will expire at the Fund&#146;s annual meeting of shareholders for the 2016-2017 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from August 1, 2016 through July 31, 2017, and, if elected at
the Meeting, Mr. Dawson will serve a term consistent with the Class III Trustees, which will expire at the Fund&#146;s annual meeting of Shareholders for the 2015-2016 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from
August 1, 2015 through July 31, 2016). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PFN.</B>&nbsp;With respect to PFN, the term of office of the Class I Trustees will
expire at the Meeting; the term of office of the Class II Trustees will expire at the annual meeting of Shareholders for the 2015-2016 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from August 1, 2015 through July 31,
2016); and the term of office of the Class III Trustees will expire at the annual meeting of Shareholders for the 2016-2017 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from August 1, 2016 through July 31, 2017).
Currently, Craig&nbsp;Dawson, Alan Rappaport and William B. Ogden, IV are Class I Trustees. On March 10, 2014, the Board of PFN appointed Craig A. Dawson to serve as a Class I Trustee, which appointment became effective at the close of business on
September 5, 2014. On December 16, 2014, the Board of PFN appointed Bradford Gallagher to serve as a Class II Trustee to be elected by Preferred Shareholders voting as a single class and William B. Ogden, IV to serve as a Class I Trustee to be
elected by Preferred Shareholders voting as a single class. Pursuant to the Fund&#146;s&nbsp;Bylaws, as Trustees appointed to fill a vacancy on the Fund&#146;s Board, Messrs.&nbsp;Dawson, Gallagher and Ogden must stand for election at the Meeting,
which is the next annual meeting of Shareholders of the Fund following such appointment. The Nominating Committee has recommended to the Board that Mr. Dawson be nominated for election, that Mr. Rappaport be nominated for <FONT
STYLE="white-space:nowrap">re-election</FONT> by the Common and Preferred Shareholders, voting as a single class, as Class I Trustees at the Meeting, and that Mr. Ogden and Mr. Gallagher be nominated for election by the Preferred Shareholders,
voting as a separate class, as a Class I Trustee and as a Class II Trustee, respectively, at the Meeting. Consistent with the Fund&#146;s Declaration, if elected, the nominees shall </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">9 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
hold office for terms coinciding with the Classes of Trustees to which they have been designated. Therefore, if elected at the Meeting, Messrs. Rappaport, Ogden and Dawson will serve a term
consistent with the Class I Trustees, which will expire at the Fund&#146;s annual meeting of Shareholders for the 2017-2018 fiscal year (<I>i.e.</I>,&nbsp;the annual meeting for the fiscal year running from August 1, 2017 through July 31, 2018) and
Mr. Gallagher will serve a term consistent with the Class II Trustees, which will expire at the Fund&#146;s annual meeting of Shareholders for the 2015-2016 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from August 1, 2015
through July 31, 2016). </FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PHK.</B>&nbsp;With respect to PHK, the term of office of the Class III Trustees will expire
at the Meeting; the term of office of the Class I Trustees will expire at the annual meeting of Shareholders for the 2016-2017 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from August&nbsp;1, 2016 through July&nbsp;31,
2017) (for information on the Fund&#146;s recent change in fiscal year, see &#147;Additional Information &#151; Independent Registered Public Accounting Firm&#148;); and the term of office of the Class II Trustees will expire at the annual meeting
of Shareholders for the 2017-2018 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from August&nbsp;1, 2017 through July&nbsp;31, 2018). Currently, John C. Maney and Deborah A. DeCotis are Class III Trustees. The Nominating
Committee has recommended to the Board that Mr.&nbsp;Maney and Ms.&nbsp;DeCotis be nominated for <FONT STYLE="white-space:nowrap">re-election</FONT> by the Common Shareholders and Preferred Shareholders, voting as a single class, as Class III
Trustees at the Meeting. Consistent with the Fund&#146;s Declaration, if re-elected, the nominees shall hold office for terms coinciding with the Classes of Trustees to which they have been designated. Therefore, if re-elected at the Meeting,
Mr.&nbsp;Maney and Ms.&nbsp;DeCotis will serve terms consistent with the Class III Trustees, which will expire at the Fund&#146;s annual meeting of Shareholders for the 2018-2019 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year
running from August&nbsp;1, 2018 through July&nbsp;31, 2019). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PDI.</B> With respect to PDI, the term of office of the
Class III Trustees will expire at the Meeting; the term of office of the Class I Trustees will expire at the annual meeting of Shareholders for the 2016-2017 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from July&nbsp;1,
2016 through June&nbsp;30, 2017) (for information on the Fund&#146;s recent change in fiscal year, see &#147;Additional Information &#151; Independent Registered Public Accounting Firm&#148;); and the term of office of the Class II Trustees will
expire at the annual meeting of Shareholders for the 2017-2018 fiscal year (<I>i.e.</I>, the annual meeting for the fiscal year running from July&nbsp;1, 2017 through June&nbsp;30, 2018). Currently, John C. Maney and Deborah A. DeCotis are Class III
Trustees. The Nominating Committee has recommended to the Board that Mr.&nbsp;Maney and Ms.&nbsp;DeCotis be nominated for re-election by the Common Shareholders and Preferred Shareholders, voting as a single class, as Class III Trustees at the
Meeting. Consistent with the Fund&#146;s Declaration, if </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">10 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
<FONT STYLE="white-space:nowrap">re-elected,</FONT> the nominees shall hold office for terms coinciding with the Classes of Trustees to which they have been designated. Therefore, if re-elected
at the Meeting, Mr.&nbsp;Maney and Ms.&nbsp;DeCotis will serve terms consistent with the Class III Trustees, which will expire at the Fund&#146;s annual meeting of Shareholders for the 2018-2019 fiscal year (<I>i.e.</I>, the annual meeting for the
fiscal year running from July&nbsp;1, 2018 through June&nbsp;30, 2019). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">All members of the Board of each of PGP, PFL, PFN,
PHK and PDI are and will remain, if elected, &#147;Continuing Trustees,&#148; as such term is defined in the Declaration of the applicable Fund, having either served as Trustee since the inception of the Fund or for 36 months, or having been
nominated by at least a majority of the Continuing Trustees then members of the Board. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">All members of the Board of RCS other
than Mr.&nbsp;Dawson are and will remain,&nbsp;if elected, &#147;Continuing Directors,&#148; as such term is defined in the Articles of Incorporation, either having served as Director for a period of at least 12&nbsp;months, or having been a
successor to a Continuing Director and been recommended to succeed a Continuing Director by a majority of the Continuing Directors then members of the Board. Mr.&nbsp;Dawson, if elected, will become a Continuing Director as of September&nbsp;5,
2015, at which point he will have served on the Board for 12&nbsp;months. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">At any annual meeting of Shareholders, any Trustee
elected to fill a vacancy that has arisen since the preceding annual meeting of Shareholders (whether or not such vacancy has been filled by election of a new Trustee by the Board) shall hold office for a term that coincides with the term (or any
remaining term) of the Class of Trustees to which such office was previously assigned, if such vacancy arose other than by an increase in the number of Trustees, and until his or her successor shall be elected and shall qualify. In the event such
vacancy arose due to an increase in the number of Trustees, any Trustee so elected to fill such vacancy at an annual meeting shall hold office for a term which coincides with that of the Class of Trustee to which such office has been apportioned and
until his or her successor shall be elected and shall qualify. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following table summarizes the nominees who will stand for
re-election or election, as applicable, at the Meeting, the respective Classes of Trustees to which they have been designated and the expiration of their respective terms if re-elected or elected: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="56%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:89pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Trustee/Director/Nominee</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Class</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Expiration of Term if
Re-Elected/Elected*</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>RCS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig A. Dawson</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class&nbsp;III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">
<P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="white-space:nowrap">Annual&nbsp;Meeting&nbsp;for&nbsp;the&nbsp;2018-2019&nbsp;fiscal&nbsp;year</FONT></FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2018-2019 fiscal year</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2018-2019 fiscal year</FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">11 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="56%"></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:89pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Trustee/Director/Nominee</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Class</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Expiration of Term if
Re-Elected/Elected*</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PGP</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig A. Dawson</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2018-2019 fiscal year</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hans W. Kertess</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2018-2019 fiscal year</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">William B. Ogden, IV</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2018-2019 fiscal year</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PFL</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig A. Dawson</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2015-2016 fiscal year</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2017-2018 fiscal year</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">James A. Jacobson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2017-2018 fiscal year</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hans W. Kertess</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2016-2017 fiscal year</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2017-2018 fiscal year</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PFN</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig A. Dawson</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2017-2018 fiscal year</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2017-2018 fiscal year</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">William B. Ogden, IV</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2017-2018 fiscal year</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bradford K. Gallagher</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2015-2016 fiscal year</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PHK</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">John C. Maney</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class&nbsp;III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">
<P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="white-space:nowrap">Annual&nbsp;Meeting&nbsp;for&nbsp;the&nbsp;2018-2019&nbsp;fiscal&nbsp;year</FONT></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2018-2019 fiscal year</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PDI</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">John C. Maney</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2018-2019 fiscal year</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Meeting for the 2018-2019 fiscal year</FONT></P></TD></TR>
</TABLE>  <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">A Trustee of RCS, PGP, PFL, PFN, PHK or PDI re-elected or elected at an annual meeting shall hold office until the annual meeting for the year in which his or her term
expires and until his or her successor shall be elected and shall qualify, subject, however, to prior death, resignation, retirement, disqualification or removal from office. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP>&nbsp;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each of Mr.&nbsp;Dawson and Mr.&nbsp;Maney is an Interested Trustee/Nominee. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Under this classified Board structure, generally only those Trustees in a single Class may be replaced in any one year, and it would
require a minimum of two years to change a majority of the Board under normal circumstances. This structure, which may be regarded as an &#147;anti-takeover&#148; provision, may make it more difficult for a Fund&#146;s Shareholders to change the
majority of Trustees of the Fund and, thus, promotes the continuity of management. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Unless authority is withheld, it is the
intention of the persons named in the enclosed proxy for a Fund to vote each proxy for the persons listed above for that Fund. Each of the nominees has indicated he or she will serve if elected, but if he or she should be unable to serve for a Fund,
the proxy holders may vote in favor of such substitute nominee as the Board may designate (or, alternatively, the Board may determine to save a vacancy). </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">12 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Trustees and Officers </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The business of each Fund is managed under the direction of the Fund&#146;s Board of Trustees. Subject to the provisions of each Fund&#146;s Declaration or Articles, its Bylaws and applicable state law,
the Trustees have all powers necessary and convenient to carry out their responsibilities, including the election and removal of the Fund&#146;s officers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Board Leadership Structure</B>&nbsp;&#151; Currently, and assuming the nominees are elected as proposed, the Board of Trustees of each Fund consists and will continue to consist of eight Trustees, six
of whom are not &#147;interested persons&#148; (within the meaning of Section&nbsp;2(a)(19) of the 1940 Act) of the Fund or of the Manager (the &#147;Independent Trustees&#148;). An Independent Trustee serves as Chairman of the Trustees and is
selected by a vote of the majority of the Independent Trustees. The Chairman presides at meetings of the Board and acts as a liaison with service providers, officers, attorneys and other Trustees generally between meetings, and performs such other
functions as may be requested by the Board from time to time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Board of Trustees of each Fund meets regularly four times
each year to discuss and consider matters concerning the Funds, and also holds special meetings to address matters arising between regular meetings. The Independent Trustees regularly meet outside the presence of management and are advised by
independent legal counsel. Regular meetings generally take place in-person; other meetings may take place in-person or by telephone. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Board of Trustees has established four standing Committees to facilitate oversight of the management of the Funds: the Audit Oversight Committee, the Nominating Committee, the Valuation Oversight
Committee and the Compensation Committee. The functions and role of each Committee are described below under &#147;&#151; Board Committees and Meetings.&#148; The membership of each Committee consists of all of the Independent Trustees, which the
Board believes allows them to participate in the full range of the Board&#146;s oversight duties. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Board reviews its
leadership structure periodically and has determined that this leadership structure, including an Independent Chairman, a supermajority of Independent Trustees and Committee membership limited to Independent Trustees, is appropriate in light of the
characteristics and circumstances of each Fund. In reaching this conclusion, the Board considered, among other things, the predominant role of the Manager in the day-to-day management of Fund affairs, the extent to which the work of the Board is
conducted through the Committees, the number of portfolios overseen by the Board that are advised by the Manager or have an investment adviser that is an affiliated person of the Manager (the &#147;Fund Complex&#148;), the variety of asset
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">13 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
classes those portfolios include, the net assets of each Fund and other portfolios overseen by the Board in the Fund Complex and the management and other service arrangements of each Fund and
such other portfolios. The Board also believes that its structure, including the presence of two Trustees who are executives with the Manager or Manager-affiliated entities, facilitates an efficient flow of information concerning the management of
each Fund to the Independent Trustees. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Risk Oversight</B>&nbsp;&#151; Each of the Funds has retained the Manager to
provide investment advisory services and administrative services. Accordingly, the Manager is immediately responsible for the management of risks that may arise from Fund investments and operations. Some employees of the Manager serve as the
Funds&#146; officers, including the Funds&#146; principal executive officer and principal financial and accounting officer, chief compliance officer and chief legal officer. The Manager and the Funds&#146; other service providers have adopted
policies, processes, and procedures to identify, assess and manage different types of risks associated with each Fund&#146;s activities. The Board oversees the performance of these functions by the Manager and the Funds&#146; other service
providers, both directly and through the Committee structure it has established. The Board receives from the Manager a wide range of reports, both on a regular and as-needed basis, relating to the Funds&#146; activities and to the actual and
potential risks of the Funds. These include reports on investment and market risks, custody and valuation of Fund assets, compliance with applicable laws, and the Funds&#146; financial accounting and reporting. In addition, the Board meets
periodically with the individual portfolio managers of the Funds or their delegates to receive reports regarding the portfolio management of the Funds and their performance, including their investment risks. In the course of these meetings and
discussions with the Manager, the Board has emphasized the importance of maintaining vigorous risk-management programs and procedures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In addition, the Board has appointed a Chief Compliance Officer (&#147;CCO&#148;). The CCO oversees the development of compliance policies and procedures that are reasonably designed to minimize the risk
of violations of the federal securities laws (&#147;Compliance Policies&#148;). The CCO reports directly to the Independent Trustees, interacts with individuals within the Manager&#146;s organization including its Chief Risk Officer and provides
presentations to the Board at its quarterly meetings and an annual report on the application of the Compliance Policies. The Board periodically discusses relevant risks affecting the Funds with the CCO at these meetings. The Board has approved the
Compliance Policies and reviews the CCO&#146;s reports. Further, the Board annually reviews the sufficiency of the Compliance Policies, as well as the appointment and compensation of the CCO. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">14 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Board recognizes that the reports it receives concerning risk management matters are, by
their nature, typically summaries of the relevant information. Moreover, the Board recognizes that not all risks that may affect the Funds can be identified in advance; that it may not be practical or cost-effective to eliminate or mitigate certain
risks; that it may be necessary to bear certain risks (such as investment-related risks) in seeking to achieve the Funds&#146; investment objectives; and that the processes, procedures and controls employed to address certain risks may be limited in
their effectiveness. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Information Regarding Trustees and Nominees. </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following table provides information concerning the Trustees/Nominees of the Funds. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="14%"></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="34%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="14%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name,</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Address,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:37pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Year&nbsp;of&nbsp;Birth<BR>and Class*</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Position(s)<BR>Held<BR>with&nbsp;the<BR>Funds</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Term of<BR>Office&nbsp;and<BR>Length of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Principal&nbsp;Occupation(s)</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>During&nbsp;the&nbsp;Past&nbsp;5&nbsp;Years</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Number<BR>of<BR>Portfolios<BR>in Fund<BR>Complex<BR>Overseen<BR>by<BR>Trustee/<BR>Nominee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Other<BR>Directorships<BR>Held by<BR>Trustee/<BR>Nominee
<BR>During the<BR>Past 5&nbsp;Years</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Independent Trustees/Nominees</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hans W. Kertess</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1939</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PGP/PFL/PHK/PDI-Class I</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class&nbsp;II</FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman<BR>of the</FONT> <P STYLE="margin-bottom:1px; margin-top:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Board,<BR>Trustee,<BR>Nominee</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS-Since<BR>2008</FONT> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:0px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PGP-Since<BR>2005</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-bottom:0px; margin-top:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK/PFL-<BR>Since<BR>2003</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:0px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PFN-Since<BR>2004</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-bottom:1px; margin-top:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI-Since<BR>2012</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">President, H. Kertess &amp; Co., a financial advisory company. Senior Adviser, Royal Bank of Canada Capital Markets. Formerly, Managing Director and Consultant, Royal Bank of Canada
Capital Markets.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">92</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">15 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="14%"></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="36%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="14%"></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name,</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Address,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:37pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Year&nbsp;of&nbsp;Birth<BR>and Class*</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Position(s)<BR>Held<BR>with&nbsp;the<BR>Funds</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Term of<BR>Office&nbsp;and<BR>Length of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Principal&nbsp;Occupation(s)</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>During&nbsp;the&nbsp;Past&nbsp;5&nbsp;Years</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Number<BR>of<BR>Portfolios<BR>in Fund<BR>Complex<BR>Overseen<BR>by<BR>Trustee/<BR>Nominee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Other<BR>Directorships<BR>Held by<BR>Trustee/<BR>Nominee
<BR>During the<BR>Past 5&nbsp;Years</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1952</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PGP/PFL/PFN-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class II</FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS/PHK/PDI-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Trustee,<BR>Nominee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS/<BR>PGP/PFL/<BR>PFN/<BR>PHK-<BR>Since<BR>2011</FONT> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:1px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PDI-Since<BR>2012</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Advisory Director, Morgan Stanley &amp; Co., Inc. (since 1996); Co-Chair Special Projects Committee, Memorial Sloan Kettering (since 2005); Member, Circle Financial Group (since
2011); Trustee, Stanford University (since 2010); and Member, Council on Foreign Relations (since 2013). Formerly, Principal, LaLoop LLC, a retail accessories company (1999-2014) and Director, Helena Rubenstein Foundation (1997-2010).</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">92</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">16 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="14%"></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="35%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="14%"></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name,</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Address,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:37pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Year&nbsp;of&nbsp;Birth<BR>and Class*</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Position(s)<BR>Held<BR>with&nbsp;the<BR>Funds</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Term of<BR>Office&nbsp;and<BR>Length of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Principal&nbsp;Occupation(s)</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>During&nbsp;the&nbsp;Past&nbsp;5&nbsp;Years</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Number<BR>of<BR>Portfolios<BR>in Fund<BR>Complex<BR>Overseen<BR>by<BR>Trustee/<BR>Nominee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Other<BR>Directorships<BR>Held by<BR>Trustee/<BR>Nominee
<BR>During the<BR>Past 5&nbsp;Years</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bradford K. Gallagher</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1944</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">RCS/PDI/PGP/PHK/PFL/PFN-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class II</FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Trustee,<BR>Nominee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS/PGP/<BR>PFL/PFN/<BR>PHK-<BR>Since<BR>2010</FONT> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:1px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PDI-Since<BR>2012</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Retired. Founder, Spyglass Investments LLC, a private investment vehicle (since 2001). Formerly, Chairman and Trustee, Commonfund (2005-2014); Partner, New Technology Ventures
Capital Management LLC, a venture capital fund (2011-2013); Chairman and Trustee, Atlantic Maritime Heritage Foundation (2007-2012) and Founder, President and CEO, Cypress Holding Company and Cypress Tree Investment Management Company
(1995-2001).</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">92</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Formerly, Chairman and Trustee of Grail Advisors ETF Trust (2009- 2010) and Trustee of Nicholas- Applegate Institutional Funds (2007-2010).</FONT></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="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">James A. Jacobson</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1945</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">RCS-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI/PGP/PHK/PFL-Class II</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PFN-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Trustee,<BR>Nominee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS/PGP/<BR>PHK-<BR>Since<BR>2009</FONT> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:0px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PFL/PDI-<BR>Since<BR>2012</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-bottom:1px; margin-top:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN-Since<BR>2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Retired. Trustee and Chairman of Investment Committee, Ronald McDonald House of New York (since 2002); Trustee, Taft School, Watertown, CT (since 2007); Trustee, New Jersey City
University, Jersey City, NJ (since 2014). Formerly, Vice Chairman and Managing Director, Spear, Leeds &amp; Kellogg Specialists, LLC, a specialist firm on the New York Stock Exchange. (2003-2008).</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">92</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Trustee, Alpine Mutual Funds Complex consisting of 18 funds.</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">17 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="14%"></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="35%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="14%"></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name,</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Address,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:37pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Year&nbsp;of&nbsp;Birth<BR>and Class*</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Position(s)<BR>Held<BR>with&nbsp;the<BR>Funds</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Term of<BR>Office&nbsp;and<BR>Length of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Principal&nbsp;Occupation(s)</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>During&nbsp;the&nbsp;Past&nbsp;5&nbsp;Years</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Number<BR>of<BR>Portfolios<BR>in Fund<BR>Complex<BR>Overseen<BR>by<BR>Trustee/<BR>Nominee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Other<BR>Directorships<BR>Held by<BR>Trustee/<BR>Nominee
<BR>During the<BR>Past 5&nbsp;Years</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">William B. Ogden, IV</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1945</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">RCS/PGP/PFL/PFN/PHK/PDI-Class I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Trustee,<BR>Nominee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS-Since<BR>2008</FONT> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:0px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PGP/PHK/<BR>PFL/PFN-<BR>Since<BR>2006</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:1px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PDI-Since<BR>2012</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Retired. Formerly, Managing Director, Investment Banking Division of Citigroup Global Markets Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">92</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></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="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan Rappaport</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1953</FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS/PGP-Class III</FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFL-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Class II</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK/PDI/PFN-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Trustee,<BR>Nominee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS/PGP/<BR>PHK-<BR>Since<BR>2010</FONT> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:0px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PFL-Since<BR>2014</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-bottom:1px; margin-top:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN/PDI-<BR>Since<BR>2012</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Advisory Director (formerly Vice Chairman) (since 2009), Roundtable Investment Partners; Chairman (formerly President), Private Bank of Bank of America; Vice Chairman, US Trust
(2001-2008); Adjunct Professor, New York University Stern School of Business (since 2011); Lecturer, Stanford University Graduate School of Business (2013-2014); Trustee, American Museum of Natural History (since 2005) and Trustee, NYU Langone
Medical Center (since 2007); Director, Victory Capital Holdings, Inc., an asset management firm.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">92</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">18 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="14%"></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name,</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Address,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:37pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Year&nbsp;of&nbsp;Birth<BR>and Class*</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Position(s)<BR>Held<BR>with&nbsp;the<BR>Funds</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Term of<BR>Office&nbsp;and<BR>Length of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Principal&nbsp;Occupation(s)</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>During&nbsp;the&nbsp;Past&nbsp;5&nbsp;Years</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Number<BR>of<BR>Portfolios<BR>in Fund<BR>Complex<BR>Overseen<BR>by<BR>Trustee/<BR>Nominee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Other<BR>Directorships<BR>Held by<BR>Trustee/<BR>Nominee
<BR>During the<BR>Past 5&nbsp;Years</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Interested Trustees/Nominees</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig A. Dawson**</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1968</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">650&nbsp;Newport Center Drive, Newport Beach, CA 92660</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">RCS/PFL-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PGP/PFN-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class I</FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI/PHK-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Class II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Trustee,<BR>Nominee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS/<BR>PGP/<BR>PFL/<BR>PFN/<BR>PHK/</FONT> <P STYLE="margin-bottom:0px; margin-top:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI-</FONT></P>
<P STYLE="margin-bottom:1px; margin-top:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since<BR>2014</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Managing Director and Head of Strategic Business Management, PIMCO (since 2014). Director of a number of PIMCO&#146;s European investment vehicles and affiliates (since 2008).
Formerly, head of PIMCO&#146;s Munich office and head of European product management for PIMCO.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">25</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">19 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="15%"></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="34%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="14%"></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name,</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Address,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:37pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Year&nbsp;of&nbsp;Birth<BR>and Class*</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Position(s)<BR>Held<BR>with&nbsp;the<BR>Funds</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Term of<BR>Office&nbsp;and<BR>Length of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Principal&nbsp;Occupation(s)</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>During&nbsp;the&nbsp;Past&nbsp;5&nbsp;Years</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Number<BR>of<BR>Portfolios<BR>in Fund<BR>Complex<BR>Overseen<BR>by<BR>Trustee/<BR>Nominee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Other<BR>Directorships<BR>Held by<BR>Trustee/<BR>Nominee
<BR>During the<BR>Past 5&nbsp;Years</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">John C. Maney***</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1959</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">680&nbsp;Newport Center Drive, Suite 250, Newport Beach, CA 92660</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">RCS-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class II</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">PGP/PFL/PFN/PHK/PDI-</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Class III</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Trustee,<BR>Nominee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS-Since<BR>2008</FONT> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:0px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PGP/PFL/<BR>PFN/PHK-<BR>Since<BR>2006</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-bottom:1px; margin-top:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PDI-Since<BR>2012</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Managing Director of Allianz Asset Management of America L.P. (since January 2005) and a member of the Management Board and Chief Operating Officer of Allianz Asset Management of
America L.P. (since November 2006). Formerly, Member of the Management Board of Allianz Global Investors Fund Management LLC (2007-2014) and Managing Director of Allianz Global Investors Fund Management LLC (2011-2014).</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">25</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Unless otherwise indicated, the business address of the persons listed above is c/o Pacific Investment Management Company LLC, 1633 Broadway, New York, New York 10019.
</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">**</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Dawson is an &#147;interested person&#148; of each Fund, as defined in Section&nbsp;2(a)(19) of the 1940 Act, due to his affiliation with PIMCO and its
affiliates. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">***</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Maney is an &#147;interested person&#148; of each Fund, as defined in Section&nbsp;2(a)(19) of the 1940 Act, due to his affiliation with Allianz Asset
Management of America L.P. and its affiliates. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">20 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following table states the dollar range of equity securities beneficially owned as of
the Record Date by each Trustee and nominee of each Fund and, on an aggregate basis, of any registered investment companies overseen by the Trustees in the &#147;family of investment companies,&#148; including the Funds. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="18%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name of Trustee/</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:59pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Nominee*</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Dollar&nbsp;Range&nbsp;of&nbsp;Equity<BR>Securities&nbsp;in&nbsp;the&nbsp;Funds*</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Aggregate&nbsp;Dollar&nbsp;Range<BR>of Equity Securities in<BR>All Registered<BR>Investment Companies<BR>Overseen
by&nbsp;Trustee/<BR>Nominee in&nbsp;the Family<BR>of&nbsp;Investment<BR>Companies*</B></FONT></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Independent Trustees/Nominees</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hans W. Kertess</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over&nbsp;$100,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over&nbsp;$100,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bradford K. Gallagher</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over&nbsp;$100,000<BR>(PFL,&nbsp;PFN and<BR>RCS)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over&nbsp;$100,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">James A. Jacobson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over&nbsp;$100,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">William B. Ogden, IV</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">None</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="white-space:nowrap">$50,001&nbsp;-&nbsp;$100,000</FONT></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="white-space:nowrap">$10,001&nbsp;-&nbsp;$50,000</FONT><BR>(PFL)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="white-space:nowrap">$50,001&nbsp;-&nbsp;$100,000</FONT></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Interested Trustees/Nominees</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">John C. Maney</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over&nbsp;$100,000<BR>(PDI)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over $100,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig A. Dawson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="white-space:nowrap">$50,001&nbsp;-&nbsp;$100,000</FONT><BR>(PHK and PFN)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over $100,000</FONT></TD></TR>
</TABLE>  <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Securities are valued as of the Record Date. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">To the knowledge of the Funds, as of the Record Date, Trustees and nominees who are Independent Trustees or Independent Nominees and their immediate family members did not own securities of an investment
adviser or principal underwriter of the Funds or a person (other than a registered investment company) directly or indirectly controlling, controlled by, or under common control with an investment adviser or principal underwriter of the Funds.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Ogden owns a less than 1% limited liability company interest in PIMCO Global Credit Opportunity Onshore Fund LLC, a
PIMCO-sponsored private investment vehicle. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Compensation.</I></B>&nbsp;Each of the Independent Trustees also serves as
a trustee of PIMCO Municipal Income Fund, PIMCO California Municipal Income Fund, PIMCO New York Municipal Income Fund, PIMCO Municipal Income Fund II, </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">21 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
PIMCO California Municipal Income Fund II, PIMCO New York Municipal Income Fund II, PIMCO Municipal Income Fund III, PIMCO California Municipal Income Fund III, PIMCO New York Municipal Income
Fund III, PCM Fund, Inc., PIMCO Corporate&nbsp;&amp; Income Strategy Fund, PIMCO Corporate&nbsp;&amp; Income Opportunity Fund, PIMCO Income Opportunity Fund and PIMCO Dynamic Credit Income Fund, each a closed-end fund for which the Manager serves as
investment manager (together with the Funds, the &#147;PIMCO Closed-End Funds&#148;), as well as PIMCO Managed Accounts Trust, an open-end investment company with multiple series for which the Manager serves as investment manager (together with the
PIMCO Closed-End Funds, the &#147;PIMCO-Managed Funds&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition, each of the Independent Trustees also serves as a
trustee of AllianzGI Convertible&nbsp;&amp; Income Fund, AllianzGI Convertible&nbsp;&amp; Income Fund II, AllianzGI NFJ Dividend, Interest&nbsp;&amp; Premium Strategy Fund, AllianzGI Equity&nbsp;&amp; Convertible Income Fund, Allianz Funds, Allianz
Funds Multi-Strategy Trust, AllianzGI Institutional Multi-Series Trust and Premier Multi-Series VIT (together, the &#147;Allianz-Managed Funds&#148;), for which Allianz Global Investors Fund Management LLC (&#147;AGIFM&#148;), an affiliate of PIMCO
that served as the investment manager of the PIMCO-Managed Funds prior to the close of business on September&nbsp;5, 2014 (see &#147;Additional Information&#151;Investment Manager&#148; below), serves as investment adviser. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">As indicated below, certain of the officers of the Funds are affiliated with the Manager. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Prior to the close of business on September&nbsp;5, 2014, including during a portion of the periods covered in the table below, each of
the PIMCO-Managed Funds and Allianz-Managed Funds held joint meetings of their Boards of Trustees whenever possible, and each Trustee, other than any Trustee who was a director, officer, partner or employee of the Manager, AGIFM or any entity
controlling, controlled by or under common control with the Manager or AGIFM, received annual compensation of $250,000 for service on the Boards of all of the PIMCO-Managed Funds and Allianz-Managed Funds, payable quarterly. The Independent Chairman
of the Boards received an additional $75,000 per year, payable quarterly. The Audit Oversight Committee Chairman received an additional $50,000 annually, payable quarterly. Trustees were also reimbursed for meeting-related expenses. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">During periods prior to September&nbsp;5, 2014, each Trustee&#146;s compensation and other costs in connection with joint meetings were
allocated among the PIMCO-Managed Funds and Allianz-Managed Funds, as applicable, on the basis of fixed percentages as between such groups of Funds. Trustee compensation and </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">22 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
other costs were then further allocated <I>pro rata</I> among the individual funds within each grouping based on the complexity of issues relating to each such fund and relative time spent by the
Trustees in addressing them, and on each such fund&#146;s relative net assets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Subsequent to September&nbsp;5, 2014, in
connection with a new investment management agreement between the PIMCO-Managed Funds and the Manager and the termination of the investment management agreement between the PIMCO-Managed Funds and AGIFM (see &#147;Additional
Information&#151;Investment Manager&#148; below), each of the PIMCO-Managed Funds began holding, and are expected to continue to hold, joint meetings of their Boards of Trustees whenever possible, but will generally no longer hold joint meetings
with the Allianz-Managed Funds. Under the new Board structure, each Independent Trustee currently receives annual compensation of $225,000 for his or her service on the Boards of the PIMCO-Managed Funds, payable quarterly. The Independent Chairman
of the Boards receives an additional $75,000 per year, payable quarterly. The Audit Oversight Committee Chairman receives an additional $50,000 annually, payable quarterly. Trustees are also reimbursed for meeting-related expenses. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each Trustee&#146;s compensation for his or her service as a Trustee on the Boards of the PIMCO-Managed Funds and other costs in
connection with joint meetings of such Funds are allocated among the PIMCO-Managed Funds, as applicable, on the basis of fixed percentages as between PMAT and PIMCO Closed-End Funds. Trustee compensation and other costs will then be further
allocated pro rata among the individual funds within each grouping based on each such fund&#146;s relative net assets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
Funds have no employees. The Funds&#146; officers, Mr.&nbsp;Dawson and Mr.&nbsp;Maney are compensated by the Manager or one of its affiliates, as applicable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Trustees do not currently, nor did they prior to September&nbsp;5, 2014, receive any pension or retirement benefits from the Funds or the Fund Complex. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following table provides information concerning the compensation paid to the Trustees and nominees for the fiscal years ended
July&nbsp;31, 2014 for PFL and PFN, January&nbsp;31, 2015 for RCS and March&nbsp;31, 2015 for PGP, PDI and PHK (for information on recent changes in certain of the Funds&#146; fiscal years, see &#147;Additional Information &#151; Independent
Registered Public Accounting Firm&#148;). For the calendar year ended December&nbsp;31, 2014, the Trustees received the compensation set forth in the table below for serving as Trustees of the Funds and other funds in the same Fund Complex as the
Funds. Each officer and each </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">23 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Trustee who is a director, officer, partner, member or employee of the Manager, or of any entity controlling, controlled by or under common control with the Manager, including any Interested
Trustee, serves without any compensation from the Funds. </FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Compensation Table </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="39%"></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>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:88pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name of Trustee/ Nominees</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Aggregate<BR>Compensation<BR>from RCS for<BR>the Fiscal<BR>Year
Ended<BR>January&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Aggregate<BR>Compensation<BR>from PGP for<BR>the Fiscal<BR>Year
Ended<BR>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Aggregate<BR>Compensation<BR>from PFL for<BR>the Fiscal<BR>Year Ended<BR>July 31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Aggregate<BR>Compensation<BR>from PFN for<BR>the Fiscal<BR>Year
Ended<BR>July&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Aggregate<BR>Compensation<BR>from PHK for<BR>the Fiscal<BR>Year Ended<BR>March 31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Aggregate<BR>Compensation<BR>from PDI for<BR>the Fiscal<BR>Year Ended<BR>March 31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Total&nbsp;Compensation<BR>from&nbsp;the&nbsp;Funds&nbsp;and<BR>Fund&nbsp;Complex&nbsp;Paid<BR>to&nbsp;
Trustees/Nominees<BR>for&nbsp;the&nbsp;Calendar<BR>Year Ended<BR>December&nbsp;31,<BR>2014*</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="28"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Independent Trustee/Nominee</U></B></FONT></P></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U></U>&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hans W. Kertess</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">4,928</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2,330</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14,778</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,952</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">19,471</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">23,735</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">369,640</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bradford K. Gallagher</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,747</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1,760</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">11,364</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,039</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14,716</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">17,927</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">282,489</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">James A. Jacobson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">4,535</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2,140</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">13,649</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,648</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">17,886</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">21,799</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">340,589</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">William B. Ogden, IV</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,748</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1,760</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">11,372</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,041</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14,719</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">17,931</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">282,489</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,748</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1,760</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">11,372</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,041</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14,719</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">17,931</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">282,489</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,747</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1,760</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">11,364</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,039</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14,716</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">17,927</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">369,989</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="28"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Interested Trustee/Nominee</U></B></FONT></P></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U></U>&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">John C. Maney</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig A. Dawson</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">**</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>  <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition to the PIMCO-Managed Funds, which are advised by the Manager, during each Fund&#146;s most recently completed calendar year, all of the Trustees (other than
Mr.&nbsp;Dawson) served as trustees of the Allianz-Managed Funds, which are managed by an affiliate of the Manager. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">**</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Dawson became a Trustee of the Funds effective at the close of business on September&nbsp;5, 2014. Neither he nor Mr.&nbsp;Maney receive compensation from the
Funds. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">24 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Trustee Qualifications</B>&nbsp;&#151; The Board has determined that each Trustee is
qualified to serve as such based on several factors (none of which alone is decisive). Each Trustee, with the exception of Mr.&nbsp;Dawson, has served in such role for several years. Mr.&nbsp;Dawson, who is also a Managing Director and Head of
Strategic Business Management at PIMCO, has served as a Trustee of each Fund since PIMCO assumed the role of the Fund&#146;s investment adviser and administrator in 2014. Accordingly, each Trustee is knowledgeable about the Funds&#146; business and
service provider arrangements, and has also served for several years as trustee or director to a number of other investment companies advised by the Manager and its affiliates. Among the factors the Board considered when concluding that an
individual is qualified to serve on the Board were the following: (i)&nbsp;the individual&#146;s business and professional experience and accomplishments; (ii)&nbsp;the individual&#146;s ability to work effectively with other members of the Board;
(iii)&nbsp;the individual&#146;s prior experience, if any, serving on the boards of public companies (including, where relevant, other investment companies) and other complex enterprises and organizations; and (iv)&nbsp;how the individual&#146;s
skills, experiences and attributes would contribute to an appropriate mix of relevant skills and experience on the Board. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In
respect of each current Trustee, the individual&#146;s substantial professional accomplishments and prior experience, including, in some cases, in fields related to the operations of the Funds, were a significant factor in the determination by the
Board that the individual is qualified to serve as a Trustee of the Funds. The following is a summary of various qualifications, experiences and skills of each Trustee (in addition to business experience during the past five years set forth in the
table above) that contributed to the Board&#146;s conclusion that an individual is qualified to serve on the Board. References to qualifications, experiences and skills are not intended to hold out the Board or individual Trustees as having any
special expertise or experience, and shall not impose any greater responsibility or liability on any such person or on the Board by reason thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Hans W. Kertess</B>&nbsp;&#151; Mr.&nbsp;Kertess has substantial executive experience in the investment management industry. He is the president of a financial advisory company, H. Kertess&nbsp;&amp;
Co. and a Senior Adviser of Royal Bank of Canada Capital Markets, and formerly served as a Managing Director of Royal Bank of Canada Capital Markets. He has significant expertise in the investment banking industry. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Craig A. Dawson &#151; </B>Mr.&nbsp;Dawson has substantial executive experience in the investment management industry. Mr.&nbsp;Dawson
is a Managing Director at PIMCO and Head of Strategic Business Management. In that role he is in charge of guiding PIMCO&#146;s new business initiatives. Prior to taking on this position, Mr.&nbsp;Dawson was in charge of PIMCO&#146;s Munich office
and head of European </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">25 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
product management. Mr.&nbsp;Dawson also serves as a Director of a number of PIMCO&#146;s European investment vehicles and affiliates. Because of his familiarity with PIMCO and its affiliates,
Mr.&nbsp;Dawson serves as an important information resource for the Independent Trustees and as a facilitator of communication with PIMCO. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Deborah A. DeCotis</B>&nbsp;&#151; Ms.&nbsp;DeCotis has substantial senior executive experience in the investment banking industry, having served as a Managing Director for Morgan Stanley. She has
extensive board experience and experience in oversight of investment management functions through her experience as a former Director of the Helena Rubenstein Foundation, Stanford Graduate School of Business and Armor Holdings. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Bradford K. Gallagher</B>&nbsp;&#151; Mr.&nbsp;Gallagher has substantial executive and board experience in the financial services and
investment management industries. He has served as director to several other investment companies. Having served on the Operating Committee of Fidelity Investments and as a Managing Director and President of Fidelity Investments Institutional
Services Company, he provides the Funds with significant asset management industry expertise. He also brings significant securities industry experience, having served as a developer and founder of several enterprises and private investment vehicles.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>James A. Jacobson</B>&nbsp;&#151; Mr.&nbsp;Jacobson has substantial executive and board experience in the financial
services industry. He served for more than 15&nbsp;years as a senior executive at a New York Stock Exchange (the &#147;NYSE&#148;) specialist firm. He has also served on the NYSE Board of Directors, including terms as Vice Chair. As such, he
provides significant expertise on matters relating to portfolio brokerage and trade execution. He also provides the Funds with significant financial expertise, serves as the Audit Oversight Committee&#146;s Chair and has been determined by the Board
to be an &#147;audit committee financial expert.&#148; He has expertise in investment company matters through his service as a trustee of another fund family. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>John C. Maney</B>&nbsp;&#151; Mr.&nbsp;Maney has substantial executive and board experience in the investment management industry. He has served in a variety of senior-level positions with investment
advisory firms affiliated with the Manager. Because of his familiarity with the Manager and affiliated entities, he serves as an important information resource for the Independent Trustees and as a facilitator of communication with Allianz Asset
Management of America L.P., PIMCO&#146;s U.S. parent company. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">26 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>William B. Ogden, IV</B>&nbsp;&#151; Mr.&nbsp;Ogden has substantial senior executive
experience in the investment banking industry. He served as Managing Director at Citigroup, where he established and led the firm&#146;s efforts to raise capital for, and provide mergers and acquisition advisory services to, asset managers and
investment advisers. He also has significant expertise with fund products through his senior-level responsibility for originating and underwriting a broad variety of such products. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Alan Rappaport</B>&nbsp;&#151; Mr.&nbsp;Rappaport has substantial senior executive experience in the financial services industry. He
formerly served as Chairman and President of the Private Bank of Bank of America and as Vice Chairman of U.S.&nbsp;Trust. He is currently an Advisory Director of an investment firm. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Board Committees and Meetings. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Audit Oversight Committee.</B>&nbsp;The
Board of each Fund has established an Audit Oversight Committee in accordance with Section&nbsp;3(a)(58)(A) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;). Each Fund&#146;s Audit Oversight Committee currently
consists of Messrs. Gallagher, Jacobson, Kertess, Ogden, Rappaport and Ms.&nbsp;DeCotis, each of whom is an Independent Trustee. Mr.&nbsp;Jacobson is the Chairman of each Fund&#146;s Audit Oversight Committee. Each Fund&#146;s Audit Oversight
Committee provides oversight with respect to the internal and external accounting and auditing procedures of each Fund and, among other things, determines the selection of the independent registered public accounting firm for each Fund and considers
the scope of the audit, approves all audit and permitted non-audit services proposed to be performed by those auditors on behalf of each Fund, and approves non-audit services to be performed by the auditors for certain affiliates, including the
Manager and entities in a control relationship with the Manager that provide services to each Fund where the engagement relates directly to the operations and financial reporting of the Fund. The Committee considers the possible effect of those
services on the independence of the Funds&#146; independent registered public accounting firm. Each member of each Fund&#146;s Audit Oversight Committee is &#147;independent,&#148; as independence for audit committee members is defined in the
currently applicable listing standards of the NYSE, on which the Common Shares of each Fund are listed. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Board of each
Fund has adopted a written charter for its Audit Oversight Committee. A copy of the written charter for each Fund, as amended through September&nbsp;5, 2014, is attached to this Proxy Statement as&nbsp;<U>Exhibit A</U>. A report of the Audit
Oversight Committee of PFL and PFN, dated September&nbsp;23, 2014, is attached to this Proxy Statement as <U>Exhibit C-1</U>. A report of the Audit Oversight Committee of RCS, dated March&nbsp;24, 2015, is attached to this Proxy
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">27 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Statement as <U>Exhibit C-2</U>. A report of the Audit Oversight Committee of PGP, PDI and PHK, dated May&nbsp;21, 2015, is attached to this Proxy Statement as <U>Exhibit C-3</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Nominating Committee.</B>&nbsp;The Board of each Fund has a Nominating Committee composed solely of Independent Trustees, currently
consisting of Messrs. Gallagher, Jacobson, Kertess, Ogden, Rappaport and Ms.&nbsp;DeCotis. The Nominating Committee is responsible for reviewing and recommending qualified candidates to the Board in the event that a position is vacated or created or
when Trustees are to be nominated for election by shareholders. The Nominating Committee of each Fund has adopted a charter, which is attached to this Proxy Statement as <U>Exhibit B</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each member of each Fund&#146;s Nominating Committee is &#147;independent,&#148; as independence for nominating committee members is
defined in the currently applicable listing standards of the NYSE, on which the Common Shares of each Fund are listed. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Qualifications, Evaluation and Identification of Trustee/Nominees.</B>&nbsp;The Nominating Committee of each Fund requires that
Trustee candidates have a college degree or equivalent business experience. When evaluating candidates, each Fund&#146;s Nominating Committee may take into account a wide variety of factors including, but not limited to: (i)&nbsp;availability and
commitment of a candidate to attend meetings and perform his or her responsibilities on the Board, (ii)&nbsp;relevant industry and related experience, (iii)&nbsp;educational background, (iv)&nbsp;ability, judgment and expertise and (v)&nbsp;overall
diversity of the Board&#146;s composition. The process of identifying nominees involves the consideration of candidates recommended by one or more of the following sources: (i)&nbsp;the Fund&#146;s current Trustees, (ii)&nbsp;the Fund&#146;s
officers, (iii)&nbsp;the Fund&#146;s investment adviser, (iv)&nbsp;shareholders of the Fund, and (v)&nbsp;any other source the Committee deems to be appropriate. The Nominating Committee of each Fund may, but is not required to, retain a third party
search firm at a Fund&#146;s expense to identify potential candidates. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Consideration of Candidates Recommended by
Shareholders.</B>&nbsp;The Nominating Committee of each Fund will review and consider nominees recommended by Shareholders to serve as Trustees, provided that the recommending Shareholder follows the &#147;Procedures for Shareholders to Submit
Nominee Candidates for the PIMCO Sponsored Closed-End Funds,&#148; which are set forth as Appendix B to the Funds&#146; Nominating Committee Charter. Among other requirements, these procedures provide that the recommending Shareholder must submit
any recommendation in writing to the Fund, to the attention of the Fund&#146;s Secretary, at the address of the principal executive offices of the Fund </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">28 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
and that such submission must be received at such offices not less than 45&nbsp;days nor more than 75 days prior to the date of the Board or shareholder meeting at which the nominee would be
elected. Any recommendation must include certain biographical and other information regarding the candidate and the recommending Shareholder, and must include a written and signed consent of the candidate to be named as a nominee and to serve as a
Trustee if elected. The foregoing description of the requirements is only a summary. Please refer to Appendix B to the Nominating Committee Charter for each Fund, which is attached to this Proxy Statement as <U>Exhibit B</U> for details. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Nominating Committee has full discretion to reject nominees recommended by Shareholders, and there is no assurance that any such
person properly recommended and considered by the Committee will be nominated for election to the Board of each Fund. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Diversity.</B>&nbsp;The Nominating Committee takes diversity of a particular nominee and overall diversity of the Board into account
when considering and evaluating nominees for Trustee. While the Committee has not adopted a particular definition of diversity, when considering a nominee&#146;s and the Board&#146;s diversity, the Committee generally considers the manner in which
each nominee&#146;s professional experience, education, expertise in matters that are relevant to the oversight of the Funds (<I>e.g.</I>, investment management, distribution, accounting, trading, compliance, legal), general leadership experience,
and life experience are complementary and, as a whole, contribute to the ability of the Board to oversee the Funds. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Valuation Oversight Committee.</B>&nbsp;The Board of each Fund has a Valuation Committee currently consisting of Messrs. Gallagher,
Jacobson, Kertess, Ogden, Rappaport and Ms.&nbsp;DeCotis. Mr.&nbsp;Ogden is the Chair of each Fund&#146;s Valuation Oversight Committee. The Valuation Oversight Committee has been delegated responsibility by the Board for overseeing determination of
the fair value of each Fund&#146;s portfolio securities on behalf of the Board in accordance with the Fund&#146;s valuation procedures. The Valuation Oversight Committee reviews and approves procedures for the fair valuation of each Fund&#146;s
portfolio securities and periodically reviews information from the Manager regarding fair value and liquidity determinations made pursuant to Board-approved procedures, and makes related recommendations to the full Board and assists the full Board
in resolving particular fair valuation and other valuation matters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Compensation Committee.</B>&nbsp;The Board of each
Fund has a Compensation Committee currently consisting of Messrs. Gallagher, Jacobson, Kertess, Ogden, Rappaport and Ms.&nbsp;DeCotis. The Compensation Committee meets as the Board deems necessary to review and make recommendations regarding
compensation </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">29 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
payable to the Trustees of the Fund who are not directors, officers, partners or employees of the Manager or any entity controlling, controlled by or under common control with the Manager.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Meetings.</B>&nbsp;With respect to RCS, during the fiscal year ended January&nbsp;31, 2015, the Board of Directors held
four regular meetings and eight special meetings. The Audit Oversight Committee met in separate session three times, the Nominating Committee met in separate session twice, the Valuation Oversight Committee met in separate session four times and the
Compensation Committee met in separate session once. Each Director (other than Mr.&nbsp;Dawson, who was not a Director of the Fund prior to September&nbsp;5, 2014) attended in person or via teleconference at least 75% of the regular meetings of the
Board and meetings of the committees on which such Director served for RCS that were held during the fiscal year ended January&nbsp;31, 2015. Mr.&nbsp;Dawson has attended all of the meetings of the Board since his appointment as a Director.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">With respect to PGP, during the fiscal year ended March&nbsp;31, 2015, the Board of Trustees held four regular meetings and
six special meetings. The Audit Oversight Committee met in separate session four times, the Nominating Committee met in separate session once, the Valuation Oversight Committee met in separate session four times and the Compensation Committee met in
separate session once. Each Trustee (other than Mr.&nbsp;Dawson, who was not a Trustee of the Fund prior to September&nbsp;5, 2014) attended in person or via teleconference at least 75% of the regular meetings of the Board and meetings of the
committees on which such Trustee served for PGP that were held during the fiscal year ended March&nbsp;31, 2015. Mr.&nbsp;Dawson has attended all of the meetings of the Board since his appointment as a Trustee. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">With respect to PFL, during the fiscal year ended July&nbsp;31, 2014, the Board of Trustees held four regular meetings and five special
meetings. The Audit Oversight Committee met in separate session three times, the Nominating Committee met in separate session once, the Valuation Oversight Committee met in separate session four times and the Compensation Committee met in separate
session twice. Each Trustee (other than Mr.&nbsp;Dawson, who was not a Trustee of the Fund prior to September&nbsp;5, 2014) attended in person or via teleconference at least 75% of the regular meetings of the Board and meetings of the committees on
which such Trustee served for PFL that were held during the fiscal year ended July&nbsp;31, 2014. Mr.&nbsp;Dawson has attended all of the meetings of the Board since his appointment as Trustee. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">With respect to PFN, during the fiscal year ended July&nbsp;31, 2014, the Board&nbsp;of Trustees held four regular meetings and four
special meetings. The Audit Oversight Committee met in separate session three times, the Nominating </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">30 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Committee met in separate session once, the Valuation Oversight Committee met in separate session four times and the Compensation Committee met in separate session twice. Each Trustee (other than
Mr.&nbsp;Dawson, who was not a Trustee of the Fund prior to September&nbsp;5, 2014) attended in person or via teleconference at least 75% of the regular meetings of the Board and meetings of the committees on which such Trustee served for PFN that
were held during the fiscal year ended July&nbsp;31, 2014. Mr.&nbsp;Dawson has attended all of the meetings of the Board since his appointment as a Trustee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">With respect to PHK, during the fiscal year ended March&nbsp;31, 2015, the Board of Trustees held four regular meetings and six special meetings. The Audit Oversight Committee met in separate session four
times, the Nominating Committee met in separate session once, the Valuation Oversight Committee met in separate session four times and the Compensation Committee met in separate session once. Each Trustee (other than Mr.&nbsp;Dawson, who was not a
Trustee of the Fund prior to September&nbsp;5, 2014) attended in person or via teleconference at least 75% of the regular meetings of the Board and meetings of the committees on which such Trustee served for PHK that were held during the fiscal year
ended March&nbsp;31, 2015. Mr.&nbsp;Dawson has attended all of the meetings of the Board since his appointment as a Trustee. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">With respect to PDI, during the fiscal year ended March&nbsp;31, 2015, the Board of Trustees held four regular meetings and six special
meetings. The Audit Oversight Committee met in separate session four times, the Nominating Committee met in separate session once, the Valuation Oversight Committee met in separate session four times and the Compensation Committee met in separate
session once. Each Trustee (other than Mr.&nbsp;Dawson, who was not a Trustee of the Fund prior to September&nbsp;5, 2014) attended in person or via teleconference at least 75% of the regular meetings of the Board and meetings of the committees on
which such Trustee served for PDI that were held during the fiscal year ended March&nbsp;31, 2015. Mr.&nbsp;Dawson has attended all of the meetings of the Board since his appointment as a Trustee. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Trustees generally do not attend the annual shareholder meetings. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Shareholder Communications with the Board of Trustees.</B>&nbsp;The Board of Trustees of each Fund has adopted procedures by which
Shareholders may send communications to the Board. Shareholders may mail written communications to the Board to the attention of the Board of Trustees, [name of Fund], c/o Joshua D. Ratner, Vice President, Secretary and Chief Legal Officer
(&#147;CLO&#148;), PIMCO Investment Management Company LLC, 1633 Broadway, New&nbsp;York, New York 10019. Shareholder communications must (i)&nbsp;be in writing and be signed by the Shareholder and (ii)&nbsp;identify the class and number of Shares
held by the Shareholder. The CLO of each Fund or his designee is responsible for reviewing </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">31 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
properly submitted shareholder communications. The CLO shall either (i)&nbsp;provide a copy of each properly submitted shareholder communication to the Board at its next regularly scheduled Board
meeting or (ii)&nbsp;if the CLO determines that the communication requires more immediate attention, forward the communication to the Trustees promptly after receipt. The CLO may, in good faith, determine that a shareholder communication should not
be provided to the Board because it does not reasonably relate to a Fund or its operations, management, activities, policies, service providers, Board, officers, shareholders or other matters relating to an investment in the Fund or is otherwise
routine or ministerial in nature. These procedures do not apply to (i)&nbsp;any communication from an officer or Trustee of a Fund, (ii)&nbsp;any communication from an employee or agent of a Fund, unless such communication is made solely in such
employee&#146;s or agent&#146;s capacity as a shareholder, or (iii)&nbsp;any shareholder proposal submitted pursuant to Rule 14a-8 under the Exchange Act or any communication made in connection with such a proposal. A Fund&#146;s Trustees are not
required to attend the Fund&#146;s annual shareholder meetings or to otherwise make themselves available to shareholders for communications, other than by the aforementioned procedures. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;16(a) Beneficial Ownership Reporting Compliance.</B>&nbsp;Each Fund&#146;s Trustees and certain officers, investment
adviser, certain affiliated persons of the investment adviser and persons who beneficially own more than 10% of any class of outstanding securities of a Fund (<I>i.e</I>., a Fund&#146;s Common Shares or Preferred Shares) are required to file forms
reporting their affiliation with the Fund and reports of ownership and changes in ownership of the Fund&#146;s securities with the Securities and Exchange Commission (the &#147;SEC&#148;) and the NYSE. These persons and entities are required by SEC
regulation to furnish the Fund with copies of all such forms they file. Based solely on a review of these forms furnished to each Fund, each Fund believes that each of the Trustees and relevant officers, investment adviser and relevant affiliated
persons of the investment adviser and the persons who beneficially own more than 10% of any class of outstanding securities of a Fund has complied with all applicable filing requirements during each Fund&#146;s respective fiscal year. </FONT></P>
 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Required Vote.</B>&nbsp;The election of Mr.&nbsp;Dawson and re-election of Mr.&nbsp;Rappaport and Ms.&nbsp;DeCotis to the Board
of Directors of RCS will require the affirmative vote of a plurality of the votes of the Common Shareholders of RCS cast in the election of Directors at the Meeting, in person or by proxy. The election of Mr.&nbsp;Dawson and the re-election of
Messrs. Kertess and Ogden to the Board of Trustees of PGP will require the affirmative vote of a plurality of the votes of the Common Shareholders of the Fund cast in the election of Trustees at the Meeting, in person or by proxy. The election of
Mr.&nbsp;Dawson and the re-election of Mr.&nbsp;Jacobson and Ms.&nbsp;DeCotis to the Board of Trustees of PFL will </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">32 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
require the affirmative vote of a plurality of the votes of Common Shareholders and Preferred Shareholders of the Fund (voting together as a single class) cast in the election of Trustees at the
Meeting, in person or by proxy. The re-election of Mr.&nbsp;Gallagher to the Board of Trustees of PFL will require the affirmative vote of a plurality of the votes of the Preferred Shareholders (voting as a separate class) of the Fund cast in the
election of Trustees at the Meeting, in person or by proxy. The election of Mr.&nbsp;Dawson and the re-election of Messrs. Rappaport and Ogden to the Board of Trustees of PFN will require the affirmative vote of a plurality of the votes of Common
Shareholders and Preferred Shareholders of the Fund (voting together as a single class) of the Fund cast in the election of Trustees at the Meeting, in person or by proxy. The re-election of Mr.&nbsp;Gallagher to the Board of Trustees of PFN will
require the affirmative vote of a plurality of the votes of the Preferred Shareholders (voting as a separate class) of the Fund cast in the election of Trustees at the Meeting, in person or by proxy. The re-election of Mr.&nbsp;Maney and
Ms.&nbsp;DeCotis to the Board of Trustees of PHK will require the affirmative vote of a plurality of the votes of Common Shareholders and Preferred Shareholders of the Fund (voting together as a single class) cast in the election of Trustees at the
Meeting, in person or by proxy. The re-election of Mr.&nbsp;Maney and Ms.&nbsp;DeCotis to the Board of Trustees of PDI will require the affirmative vote of a plurality of the votes of Common Shareholders of the Fund cast in the election of Trustees
at the Meeting, in person or by proxy. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>THE BOARD OF TRUSTEES OF EACH FUND UNANIMOUSLY RECOMMENDS THAT YOU VOTE FOR THE
PROPOSAL FOR EACH FUND. </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ADDITIONAL INFORMATION </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Executive and Other Officers of the Funds.</B>&nbsp;The table below provides certain information concerning the executive officers of
the Funds and certain other officers who perform similar duties. Officers of PGP, PFL, PFN, PHK and PDI hold office at the pleasure of the relevant Board and until their successors are chosen and qualified, or in each case until he or she sooner
dies, resigns, is removed with or without cause or becomes disqualified. Officers of RCS shall be elected or appointed by the Board of Directors each year at its first meeting held after the annual meeting of Shareholders, or at any other time.
Officers serve at the pleasure of the Board. Each such officer shall hold office until his or her successor shall have been duly elected or appointed and qualified, or until his or her death, or until he or she shall have resigned or have been
removed. Officers and employees of the Funds who are principals, officers, members or employees of the Manager are not compensated by the Funds. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">33 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="49%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name,</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Address</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:60pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>and&nbsp;Year&nbsp;of&nbsp;Birth</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Position(s)<BR>Held<BR>with&nbsp;Fund</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Term&nbsp;of</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Office&nbsp;and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Length&nbsp;of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Time&nbsp;Served</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Principal&nbsp;Occupation(s)</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>During&nbsp;the&nbsp;Past&nbsp;5&nbsp;Years</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Peter G. Strelow</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1970</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">President;<BR>Principal<BR>Executive<BR>Officer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since 2014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Managing Director, PIMCO. President and Principal Executive Officer, PIMCO-Managed Funds. President, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity
Series and PIMCO Equity Series VIT.</FONT></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></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Youse
Guia</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1972</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief<BR>Compliance<BR>Officer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since 2014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Senior Vice President and Deputy Chief Compliance Officer, PIMCO. Chief Compliance Officer, PIMCO-Managed Funds. Formerly, Head of Compliance, Allianz Global Investors U.S. Holdings
LLC and Chief Compliance Officer of the Allianz Funds, Allianz Multi-Strategy Trust, Allianz Global Investors Sponsored Closed-End Funds, Premier Multi-Series VIT and The Korea Fund, Inc.</FONT></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></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Joshua D. Ratner</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1976</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice<BR>President,<BR>Secretary<BR>and Chief<BR>Legal<BR>Officer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since 2014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Vice President and Senior Counsel, PIMCO. Chief Legal Officer, PIMCO Investments LLC. Vice President, Secretary and Chief Legal Officer, PIMCO-Managed Funds. Vice
President &#150; Senior Counsel, Secretary, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity Series VIT.</FONT></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></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Eric D. Johnson</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1970</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice<BR>President</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since 2014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Vice President, PIMCO. Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity Series
VIT.</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">34 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="49%"></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name,</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Address</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:60pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>and&nbsp;Year&nbsp;of&nbsp;Birth</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Position(s)<BR>Held<BR>with&nbsp;Fund</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Term&nbsp;of</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Office&nbsp;and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Length&nbsp;of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Time&nbsp;Served</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Principal&nbsp;Occupation(s)</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>During&nbsp;the&nbsp;Past&nbsp;5&nbsp;Years</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">William G. Galipeau</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1974</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Treasurer,<BR>Principal<BR>Financial&nbsp;&amp;<BR>Accounting<BR>Officer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since 2014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Vice President, PIMCO. Treasurer and Principal Financial &amp; Accounting Officer, PIMCO-Managed Funds. Vice President, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO
ETF Trust, PIMCO Equity Series and PIMCO Equity Series VIT. Formerly, Vice President, Fidelity Investments.</FONT></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></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Erik C. Brown</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1967</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice<BR>President</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since 2014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Vice President, PIMCO. Vice President, PIMCO-Managed Funds. Assistant Treasurer, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and
PIMCO Equity Series VIT.</FONT></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></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Trent W. Walker</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1974</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Assistant<BR>Treasurer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since 2014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Senior Vice President, PIMCO. Assistant Treasurer, PIMCO-Managed Funds. Treasurer, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity
Series VIT.</FONT></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></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Stacie D. Anctil</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1969</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Assistant<BR>Treasurer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since 2014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Senior Vice President, PIMCO. Assistant Treasurer, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity Series
VIT.</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">35 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="52%"></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name,</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Address</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:60pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>and&nbsp;Year&nbsp;of&nbsp;Birth</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Position(s)<BR>Held<BR>with&nbsp;Fund</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Term&nbsp;of</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Office&nbsp;and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Length&nbsp;of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Time&nbsp;Served</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Principal&nbsp;Occupation(s)</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>During&nbsp;the&nbsp;Past&nbsp;5&nbsp;Years</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ryan
Leshaw</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1980</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Assistant<BR>Secretary</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Since 2014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice President and Counsel, PIMCO. Assistant Secretary, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity
Series VIT. Formerly, Associate, Willkie Farr &amp; Gallagher LLP.</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP>&nbsp;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">The address of these officers is Pacific Investment Management Company LLC, 650 Newport Center Drive, Newport Beach, California 92660.
</FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2</SUP>&nbsp;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">The address of these officers is Pacific Investment Management Company LLC, 1633 Broadway, New York, New York 10019. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each of the Funds&#146; executive officers is an &#147;interested person&#148; of each Fund (as defined in Section&nbsp;2(a)(19) of the
1940 Act) as a result of his or her position(s) set forth in the table above. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Investment Manager.</B>&nbsp;Effective at
the close of business on September&nbsp;5, 2014, the Manager, located at 650 Newport Center Drive, Newport Beach, CA, 92660, assumed responsibility as the investment manager to the Funds pursuant to a new investment management agreement (the
&#147;Agreement&#148;) between each Fund and the Manager (the &#147;Transition&#148;). Under the Agreement, the Manager provides the day-to-day portfolio management services it provided to each Fund as its sub-adviser and also assumed responsibility
for the supervisory and administrative services previously provided by each Fund&#146;s former investment manager, AGIFM. As part of the Transition, the Manager&#146;s personnel replaced AGIFM personnel as officers of each Fund and in other roles to
provide and/or oversee the administrative, accounting/financial reporting, compliance, legal, marketing, transfer agency, shareholder servicing and other services required for the daily operations of the Funds. The Manager is a majority-owned
indirect subsidiary of Allianz SE, a publicly traded European insurance and financial services company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Independent
Registered Public Accounting Firm.</B>&nbsp;On December&nbsp;16, 2014, the Board of Trustees approved a change of RCS&#146;s fiscal year end from January&nbsp;31 to June&nbsp;30, a change of PGP&#146;s fiscal year end from March&nbsp;31 to
June&nbsp;30, a change of PHK&#146;s fiscal year end from March&nbsp;31 to July&nbsp;31 and a change of PDI&#146;s fiscal year end from March&nbsp;31 to June&nbsp;30. Each of RCS&#146;s, PGP&#146;s and PDI&#146;s current fiscal year will end on
June&nbsp;30, 2015 and PHK&#146;s current </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">36 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
fiscal year will end on July&nbsp;31, 2015. The Audit Oversight Committee of each Fund&#146;s Board and the full Board of each Fund unanimously selected PricewaterhouseCoopers LLP
(&#147;PwC&#148;) as the independent registered public accounting firm for the fiscal years ending July&nbsp;31, 2015 for PFL and PFN, June&nbsp;30, 2015 for RCS, PGP and PDI and July&nbsp;31, 2015 for PHK. PwC served as the independent registered
public accounting firm of each Fund for the last fiscal year and also serves as the independent registered public accounting firm of various other investment companies for which the Manager serves as investment adviser. PwC is located at 300 Madison
Avenue, New York, New York 10017. None of the Funds knows of any direct financial or material indirect financial interest of PwC in the Funds. A representative of PwC, if requested by any Shareholder, will be present at the Meeting via telephone to
respond to appropriate questions from Shareholders and will have an opportunity to make a statement if he or she chooses to do so. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Pre-approval Policies and Procedures.</B>&nbsp;Each Fund&#146;s Audit Oversight Committee has adopted written policies relating to the pre-approval of audit and permitted non-audit services to be
performed by the Fund&#146;s independent registered public accounting firm. Under the policies, on an annual basis, a Fund&#146;s Audit Oversight Committee reviews and pre-approves proposed audit and permitted non-audit services to be performed by
the independent registered public accounting firm on behalf of the Fund. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition, each Fund&#146;s Audit Oversight
Committee pre-approves annually any permitted non-audit services (including audit-related services) to be provided by the independent registered public accounting firm to the Manager and any entity controlling, controlled by, or under common control
with the Manager that provides ongoing services to the Fund (together, the &#147;Accounting Affiliates&#148;), provided, in each case, that the engagement relates directly to the operations and financial reporting of the Fund. Although the Audit
Oversight Committee does not pre-approve all services provided by the independent registered public accounting firm to Accounting Affiliates (for instance, if the engagement does not relate directly to the operations and financial reporting of the
Fund), the Committee receives an annual report from the independent registered public accounting firm showing the aggregate fees paid by Accounting Affiliates for such services. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each Fund&#146;s Audit Oversight Committee may also from time to time pre-approve individual non-audit services to be provided to the
Fund or an Accounting Affiliate that were not pre-approved as part of the annual process described above. A member of the Audit Oversight Committee to whom this responsibility has been delegated (a &#147;Designated Member&#148;) may also pre-approve
these individual non-audit services, provided that the fee for such </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">37 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
services does not exceed a pre-determined dollar threshold. Any such pre-approval by the Designated Member is reported to the full Audit Oversight Committee for ratification at its next regularly
scheduled meeting. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The pre-approval policies provide for waivers of the requirement that the Audit Oversight Committee
pre-approve permitted non-audit services provided to the Funds or their Accounting Affiliates pursuant to de minimis exceptions described in Section&nbsp;10A of the Exchange Act and applicable regulations (referred to herein as the &#147;de minimis
exception&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Audit Fees.</B>&nbsp;Audit Fees are fees related to the audit and review of the financial statements
included in annual reports and registration statements, and other services that are normally provided in connection with statutory and regulatory filings or engagements. For each Fund&#146;s last two fiscal years, the Audit Fees billed by PwC to the
Fund are shown in the table below: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:18pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fund</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fiscal&nbsp;Year&nbsp;Ended</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Audit&nbsp;Fees</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">January&nbsp;31,&nbsp;2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">38,828</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">January&nbsp;31,&nbsp;2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">80,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PGP</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March&nbsp;31,&nbsp;2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">37,782</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March&nbsp;31,&nbsp;2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">83,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFL</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">85,050</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">81,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">85,050</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">81,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">44,456</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">90,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">67,978</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">75,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Audit-Related Fees.</B>&nbsp;Audit-Related Fees are fees related to assurance and related
services that are reasonably related to the performance of the audit or review of financial statements, but not reported under &#147;Audit Fees&#148; above, and that include accounting consultations, agreed-upon procedure reports (inclusive of
annual review of basic maintenance testing associated with the Preferred Shares for PFL, PFN and PHK), attestation reports and comfort letters. The table below shows, for each Fund&#146;s last two fiscal years, the Audit-Related Fees billed by PwC
to that Fund. During those fiscal years, there were no Audit-Related Fees billed by PwC to the Funds&#146; Accounting Affiliates for audit-related services related directly to the operation and financial reporting of the Funds. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">38 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:18pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fund</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fiscal&nbsp;Year&nbsp;Ended</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Audit&nbsp;Related&nbsp;Fees</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">January&nbsp;31,&nbsp;2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">January&nbsp;31,&nbsp;2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PGP</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March&nbsp;31,&nbsp;2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March&nbsp;31,&nbsp;2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFL</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,480</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Tax Fees.</B>&nbsp;Tax Fees are fees associated with tax compliance, tax advice and tax planning,
including services relating to the filing or amendment of federal, state or local income tax returns, regulated investment company qualification reviews, and tax distribution and analysis reviews. The table below shows, for each Fund&#146;s last two
fiscal years, the aggregate Tax Fees billed by PwC to each Fund. During those fiscal years, there were no Tax Fees billed by PwC to the Funds&#146; Accounting Affiliates for audit-related services related directly to the operation and financial
reporting of the Funds: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="38%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:18pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fund</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fiscal&nbsp;Year&nbsp;Ended</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Tax Fees</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">January&nbsp;31,&nbsp;2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">23,740</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">January&nbsp;31,&nbsp;2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15,990</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PGP</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March&nbsp;31,&nbsp;2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,470</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March&nbsp;31,&nbsp;2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15,990</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFL</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,480</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15,530</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,480</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15,530</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,470</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15,990</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,490</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,010</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>All Other Fees.</B>&nbsp;All Other Fees are fees related to services other than those reported
above under &#147;Audit Fees,&#148; &#147;Audit-Related Fees&#148; and &#147;Tax Fees.&#148; For each Fund&#146;s last two fiscal years, no such fees were billed by PwC to the Fund or the Fund&#146;s Accounting Affiliates. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">39 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">During the periods indicated in the tables above, no services described under
&#147;Audit-Related Fees,&#148; &#147;Tax Fees&#148; or &#147;All Other Fees&#148; were approved pursuant to the de minimis exception. </FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Aggregate Non-Audit Fees.</B>&nbsp;The aggregate non-audit fees billed by PwC, during each Fund&#146;s last two fiscal years (except as noted in the table below), for services rendered to each Fund and
the Fund&#146;s Accounting Affiliates are shown in the table below: </FONT></P>  <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:18pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fund</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fiscal&nbsp;Year&nbsp;Ended</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B><FONT STYLE="white-space:nowrap">Aggregate&nbsp;Non-Audit</FONT><BR>Fees for Fund</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Non-Audit&nbsp;Fees&nbsp;for<BR>Accounting&nbsp;Affiliates</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Aggregate<BR><FONT STYLE="white-space:nowrap">Non-Audit&nbsp;Fees**</FONT></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">January&nbsp;31,&nbsp;2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">23,740</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">8,312,459</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">*&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">8,336,199</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">January&nbsp;31,&nbsp;2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15,990</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">6,949,876</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">6,965,866</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PGP</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March&nbsp;31,&nbsp;2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,470</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">9,379,621</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">9,396,091</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March&nbsp;31,&nbsp;2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15,990</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,894,763</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,910,753</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFL</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">32,480</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,885,546</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">*&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,918,026</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">31,530</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,163,242</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,194,772</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">32,480</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,885,546</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">*&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,918,026</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">31,530</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,163,242</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,194,772</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">32,950</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">9,379,621</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">9,412,571</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">31,990</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,894,763</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,926,753</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2015</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,490</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">9,379,621</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">9,369,111</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">March 31, 2014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16,010</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,894,763</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">7,910,773</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>  <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">For the twelve months ended as of the most recent calendar quarter ended prior to the Fund&#146;s fiscal year end. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">**</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Includes the sum of the Aggregate Non-Audit Fees for Fund and the Non-Audit Fees for Accounting Affiliates as noted in the columns to the left.
</FONT></TD></TR></TABLE>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each Fund&#146;s Audit Oversight Committee has determined that the provision by PwC of non-audit services
to the Fund&#146;s Accounting Affiliates that were not pre-approved by the Committee was compatible with maintaining the independence of PwC as the Fund&#146;s principal auditors. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Effective at the close of business on September&nbsp;5, 2014, pursuant to its Investment Management Agreement with the Funds, PIMCO began
bearing Audit Fees, Audit-Related Fees, Tax Fees and All Other Fees with respect to the Funds under its new investment management agreement with the Funds. These fees were borne by the Funds for periods prior to September&nbsp;5, 2014. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Other Business.</B>&nbsp;As of the date of this Proxy Statement, each Fund&#146;s officers and the Manager know of no business to come
before the Meeting other than as set forth in the Notice. If any other business is properly brought before the Meeting, the persons named as proxies will vote in their sole discretion. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">40 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Quorum, Adjournments and Methods of Tabulation.</B>&nbsp;A quorum for each of PGP, PFL,
PFN, PHK and PDI at the applicable Meeting will consist of the presence in person or by proxy of thirty percent (30%)&nbsp;of the total Shares of the Fund entitled to vote at such Meeting, except that, where the Preferred Shares or Common Shares
will vote as separate classes, then 30% of the shares of each class entitled to vote will be necessary to constitute a quorum for the transaction of business by that class. For RCS, the presence at the Meeting, in person or by proxy, of the holders
of a majority of Shares entitled to vote shall be necessary and sufficient to constitute a quorum. In the event that a quorum is not present at a Meeting or, even if a quorum is present, in the event that sufficient votes in favor of the proposal
set forth in the Notice are not received by the time scheduled for a Meeting, the persons named as proxies may propose one or more adjournments of such Meeting after the date set for the original Meeting, with no other notice than announcement at
the Meeting, to permit further solicitation of proxies with respect to the Proposal. In addition, if, in the judgment of the persons named as proxies for a Fund, it is advisable to defer action on the Proposal, the persons named as proxies may
propose one or more adjournments of the applicable Meeting with respect to the Proposal for a reasonable time. Any adjournments with respect to the Proposal will require, with respect to PGP, PFL, PFN, PHK and PDI, the affirmative vote of a
plurality of the Shares of the relevant Fund entitled to vote thereon present in person or represented by proxy at the session of the Meeting to be adjourned, or, with respect to RCS, the affirmative vote of a majority of the Shares of RCS entitled
to vote thereon present in person or represented by proxy at the session of the Meeting to be adjourned. In the case of a proposal to elect Trustees recommended by the Nominating Committee, the persons named as proxies will vote in favor of such
adjournment those proxies which they are entitled to vote in favor of one or more of the nominees. They will vote against any such adjournment those proxies submitted that instruct them to withhold all votes on the nominees. The costs of any
additional solicitation and of any adjourned session will be borne by PIMCO under its investment management agreement with the Funds. Any proposals properly before a Meeting for which sufficient favorable votes have been received by the time of the
Meeting will be acted upon and such action will be final regardless of whether the Meeting is adjourned to permit additional solicitation with respect to any other proposal. In certain circumstances in which a Fund has received sufficient votes to
approve a matter being recommended for approval by the Fund&#146;s Board, the Fund may request that brokers and nominee entities, in their discretion, withhold or withdraw submission of broker non-votes in order to avoid the need for solicitation of
additional votes in favor of the proposal. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Votes cast by proxy or in person at a Meeting will be counted by persons appointed
by PGP, PFL, PFN, PHK and PDI as tellers and by RCS as inspectors </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">41 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
(collectively, the &#147;Tellers/Inspectors&#148;) for the Meeting. For purposes of determining the presence of a quorum for each Fund, the Tellers/Inspectors will include the total number of
Shares present at a Meeting in person or by proxy, including Shares represented by proxies that reflect abstentions and &#147;broker <FONT STYLE="white-space:nowrap">non-votes&#148;</FONT> (<I>i.e.</I>, shares held by brokers or nominees as to which
instructions have not been received from the beneficial owners or the persons entitled to vote and the broker or nominee does not have the discretionary voting power on a particular matter). For a proposal requiring approval of a plurality of votes
cast, such as the election of Trustees, abstentions and broker non-votes will have no effect on the outcome of such a Proposal. For a proposal requiring approval of a specific percentage of shares present or outstanding, abstentions and broker
non-votes will have the same effect as a vote against the proposal. </FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Reports to Shareholders.</B>&nbsp;Below are the
dates on or about which the Annual Reports to Shareholders for the most recently completed fiscal year of each Fund were mailed: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="75%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:18pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fund</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000">
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Mail&nbsp;Date&nbsp;for&nbsp;Annual&nbsp;Report&nbsp;to&nbsp;Shareholders<BR>for the Most Recently Completed Fiscal
Year</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">RCS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">3/27/15</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PGP</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Expected to be mailed on or before 6/1/15</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFL</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">10/7/14</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PFN</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">10/7/14</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Expected to be mailed on or before 6/1/15</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PDI</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Expected to be mailed on or before 6/1/15</FONT></TD></TR>
</TABLE>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Additional copies of the Funds&#146; Annual Reports and Semi-Annual Reports may be obtained
without charge from the Funds by calling&nbsp;1-(844)-337-4626&nbsp;or by visiting the Funds&#146; website at www.pimco.com/closedendfunds. </B></FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Shareholder Proposals for the Annual Meeting for the 2016-2017 Fiscal Year (for RCS, PGP, PHK and PDI) and the Annual Meeting for the 2015-2016 Fiscal Year (for PFL and PFN).</B>&nbsp;It is currently
anticipated that each Fund&#146;s next annual meeting of Shareholders after the Meeting addressed in this Proxy Statement will be held in June 2016. Proposals of Shareholders intended to be presented at that annual meeting of each Fund must be
received by each Fund no later than February&nbsp;6, 2016 for inclusion in each Fund&#146;s proxy statement and proxy cards relating to that meeting. The submission by a Shareholder of a proposal for inclusion in the proxy materials does not
guarantee that it will be included. Shareholder proposals are subject to certain requirements under the federal securities laws and must be submitted in accordance with the applicable </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">42 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
  <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px; "><FONT STYLE="font-family:Times New Roman" SIZE="2">
Fund&#146;s Bylaws. Shareholders submitting any other proposals (including proposals to elect Trustee nominees) for each Fund intended to be presented at the annual meeting for the 2016-2017 or
the 2015-2016 fiscal year for the Funds, as applicable (<I>i.e</I>., other than those to be included in the Fund&#146;s proxy materials) must ensure that such proposals are received by each Fund, in good order and complying with all applicable legal
requirements and requirements set forth in each Fund&#146;s Bylaws. Each Fund&#146;s Bylaws each provide that any such proposal must be received in writing by each Fund not less than 45 days nor more than 60&nbsp;days prior to the first anniversary
date of the date on which each Fund first mailed its proxy materials for the prior year&#146;s shareholder meeting; provided that, if, in accordance with applicable law, the upcoming shareholder meeting is set for a date that is not within 30 days
from the anniversary of each Fund&#146;s prior shareholder meeting, such proposal must be received by the later of the close of business on (i)&nbsp;the date 45 days prior to such upcoming shareholder meeting date or (ii)&nbsp;the 10</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> business day following the date such upcoming shareholder meeting
date is first publicly announced or disclosed. Assuming the next annual meeting is ultimately scheduled to be within 30 days of the June&nbsp;30 anniversary of this year&#146;s meeting, such proposals must be received no earlier than April&nbsp;6,
2016 and no later than April&nbsp;21, 2016 for each Fund. If a Shareholder who wishes to present a proposal fails to notify the Fund within these dates described above, the proxies solicited for the meeting will be voted on the Shareholder&#146;s
proposal, if it is properly brought before the meeting, in accordance with the judgment of the persons named in the enclosed proxy card(s). If a Shareholder makes a timely notification, the proxies may still exercise discretionary voting authority
under circumstances consistent with the SEC&#146;s proxy rules. Shareholder proposals should be addressed to the attention of the Secretary of the applicable Fund, at the address of the principal executive offices of the Fund, with a copy to David
C. Sullivan, Ropes&nbsp;&amp; Gray LLP, Prudential Tower, 800 Boylston Street, Boston, Massachusetts 02199-3600. </FONT></P>  <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PLEASE EXECUTE AND
RETURN THE ENCLOSED PROXY CARDS PROMPTLY TO ENSURE THAT A QUORUM IS PRESENT AT THE APPLICABLE ANNUAL MEETING. A SELF-ADDRESSED, POSTAGE-PAID ENVELOPE IS ENCLOSED FOR YOUR CONVENIENCE. </B></FONT></P>  <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">May&nbsp;28, 2015 </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">43 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I><U>Exhibit&nbsp;A to Proxy Statement </U></I></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PIMCO Sponsored Closed-End Funds </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Audit Oversight Committee Charter </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Adopted as of January&nbsp;14, 2004,
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">as amended through September&nbsp;5, 2014) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Board of Trustees (each a &#147;Board&#148;) of each of the registered investment companies listed in Appendix A hereto (each, a &#147;Fund&#148; and, collectively, the &#147;Funds&#148;), as the same
may be periodically updated, has adopted this Charter to govern the activities of the Audit Oversight Committee (the &#147;Committee&#148;) of the particular Board with respect to its oversight of the Fund. This Charter applies separately to each
Fund and its particular Board and Committee, and shall be interpreted accordingly. This Charter supersedes and replaces any audit committee charter previously adopted by the Board or a committee of the Board. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Statement of Purpose and Functions </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Committee&#146;s general purpose is to oversee the Fund&#146;s accounting and financial reporting policies and practices and its internal controls, including by assisting with the Board&#146;s
oversight of the integrity of the Fund&#146;s financial statements, the Fund&#146;s compliance with legal and regulatory requirements, the qualifications and independence of the Fund&#146;s independent auditors, and the performance of the
Fund&#146;s internal control systems and independent auditors. The Committee&#146;s purpose is also to prepare reports required by Securities and Exchange Commission rules to be included in the Fund&#146;s annual proxy statements, if any.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Committee&#146;s function is oversight. While the Committee has the responsibilities set forth in this Charter, it is not
the responsibility of the Committee to plan or conduct audits, to prepare or determine that the Fund&#146;s financial statements are complete and accurate and are in accordance with generally accepted accounting principles, or to assure compliance
with laws, regulations or any internal rules or policies of the Fund. Fund management is responsible for Fund accounting and the implementation and maintenance of the Fund&#146;s internal control systems, and the independent auditors are responsible
for conducting a proper audit of the Fund&#146;s financial statements. Members of the Committee are not employees of the Funds and, in serving on this Committee, are not, and do not hold themselves out to be, acting as accountants or auditors. As
such, it is not the duty or responsibility of the Committee or its members to conduct &#147;field work&#148; or other types of auditing or accounting reviews or procedures. Each member of the Committee shall be entitled to rely on (i)&nbsp;the
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">A-1</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
integrity of those persons and organizations within management and outside the Fund from which the Committee receives information and (ii)&nbsp;the accuracy of financial and other information
provided to the Committee by such persons or organizations absent actual knowledge to the contrary. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Membership </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Committee shall be comprised of as many trustees as the Board shall determine, but in any event not less than three (3)&nbsp;Trustees.
Each member of the Committee must be a member of the Board. The Board may remove or replace any member of the Committee at any time in its sole discretion. One or more members of the Committee may be designated by the Board as the Committee&#146;s
chairman or co- chairman, as the case may be. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each member of the Committee may not be an &#147;interested person&#148; of the
Fund, as defined in Section&nbsp;2(a)(19) of the Investment Company Act of 1940, as amended (the &#147;Investment Company Act&#148;), and must otherwise satisfy the standards for independence of an audit committee member of an investment company
issuer as set forth in Rule 10A-3(b) (taking into account any exceptions to those requirements set forth in such rule) under the Securities Exchange Act of 1934, as amended, and under applicable listing standards of the New York Stock Exchange (the
&#147;NYSE&#148;). Each member of the Committee must be &#147;financially literate&#148; (or must become so within a reasonable time after his or her appointment to the Committee) and at least one member of the Committee must have &#147;accounting
or related financial management expertise,&#148; in each case as the Board interprets such qualification in its business judgment under NYSE listing standards. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><U>Responsibilities and Duties </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Committee&#146;s policies and
procedures shall remain flexible to facilitate the Committee&#146;s ability to react to changing conditions and to generally discharge its functions. The following describe areas of attention in broad terms. The Committee shall: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">1. Determine the selection, retention or termination of the Fund&#146;s independent auditors based on an evaluation of their independence
and the nature and performance of the audit and any permitted non-audit services. Decisions by the Committee concerning the selection, retention or termination of the independent auditors shall be submitted to the Board for ratification in
accordance with the requirements of Section&nbsp;32(a) of the Investment Company Act. The Fund&#146;s independent auditors must report directly to the Committee, which shall be responsible for resolution of disagreements between management and the
independent auditors relating to financial reporting. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">A-2</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">2. To consider the independence of the Fund&#146;s independent auditors at least annually,
and in connection therewith receive on a periodic basis formal written disclosures and letters from the independent auditors as required by the applicable rules of the Public Company Accounting Oversight Board (the &#147;PCAOB&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">3. To the extent required by applicable regulations, pre-approve (i)&nbsp;all audit and permitted non-audit services rendered by the
independent auditors to the Fund and (ii)&nbsp;all non-audit services rendered by the independent auditors to the Fund&#146;s investment advisers (including sub-advisers) and to certain of the investment advisers&#146; affiliates. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Committee may implement policies and procedures by which such services are approved other than by the full Committee.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4. Review the fees charged by the independent auditors to the Fund, the investment advisers and certain affiliates of the
investment advisers for audit, audit- related and permitted non-audit services. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5. If and to the extent that the Fund intends
to have employees, set clear policies for the hiring by the Fund of employees or former employees of the Fund&#146;s independent auditors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">6. Obtain and review at least annually a report from the independent auditors describing (i)&nbsp;the accounting firm&#146;s internal quality-control procedures and (ii)&nbsp;any material issues raised
(a)&nbsp;by the accounting firm&#146;s most recent internal quality-control review or peer review or (b)&nbsp;by any governmental or other professional inquiry or investigation performed within the preceding five years respecting one or more
independent audits carried out by the firm, and any steps taken to address any such issues. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">7. Review with the Fund&#146;s
independent auditors arrangements for and the scope of the annual audit and any special audits, including the form of any opinion proposed to be rendered to the Board and shareholders of the Fund. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8. Meet with management and the independent auditors to review and discuss the Fund&#146;s annual audited financial statements, including
a review of any specific disclosures of management&#146;s discussion of the Fund&#146;s investment performance; and, with respect to the Fund&#146;s audited financial statements, discuss with the independent auditors matters required by the
applicable rules of the PCAOB and any other matters required to be reported to the Committee under applicable law; and provide a statement whether, based on its review of the Fund&#146;s audited financial statements, the Committee recommends to the
Board that the audited financial statements be included in the Fund&#146;s Annual Report. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">A-3</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Meet with management to review and discuss the Fund&#146;s unaudited
financial statements included in the semi-annual report, including, if any, a review of any specific disclosure of management&#146;s discussion of the Fund&#146;s investment performance. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">9. Discuss with management and the independent auditors the Fund&#146;s unaudited financial statements. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">10. Review with the independent auditors any audit problems or difficulties encountered in the course of their audit work and
management&#146;s responses thereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">11. Review with management and, as applicable, with the independent auditors the
Fund&#146;s accounting and financial reporting policies, practices and internal controls, management&#146;s guidelines and policies with respect to risk assessment and risk management, including the effect on the Fund of any recommendation of
changes in accounting principles or practices by management or the independent auditors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">12. Discuss with management any
press releases discussing the Fund&#146;s investment performance and other financial information about the Fund, as well as any financial information provided by management to analysts or rating agencies. The Committee may discharge this
responsibility by discussing the general types of information to be disclosed by the Fund and the form of presentation (i.e., a case-by-case review is not required) and need not discuss in advance each such release of information. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">13. Establish procedures for (i)&nbsp;the receipt, retention, and treatment of complaints received by the Fund regarding accounting,
internal accounting controls, or auditing matters; and (ii)&nbsp;the confidential, anonymous submission by employees of the Fund, the Fund&#146;s investment advisers, administrator, principal underwriter (if any) or any other provider of
accounting-related services for the investment advisers of concerns regarding accounting or auditing matters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">14. Investigate
or initiate the investigation of any improprieties or suspected improprieties in the Fund&#146;s accounting operations or financial reporting. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">15. Review with counsel legal and regulatory matters that have a material impact on the Fund&#146;s financial and accounting reporting policies and practices or its internal controls. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">16. Report to the Board on a regular basis (at least annually) on the Committee&#146;s activities. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">A-4</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">17. Perform such other functions consistent with this Charter, the Agreement and Declaration
of Trust, Articles of Incorporation and/or Bylaws applicable to the Fund, and applicable law or regulation, as the Committee or the Board deems necessary or appropriate. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Committee may delegate any portion of its authority and responsibilities as set forth in this Charter to a subcommittee of one or more members of the Committee. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Meetings </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">At
least annually, the Committee shall meet separately with the independent auditors and separately with the representatives of Fund management responsible for the financial and accounting operations of the Fund. The Committee shall hold other regular
or special meetings as and when it deems necessary or appropriate. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Outside Resources and Assistance from Management </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The appropriate officers of the Fund shall provide or arrange to provide such information, data and services as the Committee may request.
The Committee shall have the authority to engage at the Fund&#146;s expense independent counsel and other experts and consultants whose expertise the Committee considers necessary to carry out its responsibilities. The Fund shall provide for, or
arrange for the provision of, appropriate funding, as determined by the Committee, for the payment of: (i)&nbsp;compensation of the Fund&#146;s independent auditors for the issuance of an audit report relating to the Fund&#146;s financial statements
or the performance of other audit, review or attest services for the Fund; (ii)&nbsp;compensation of independent legal counsel or other advisers retained by the Committee; and (iii)&nbsp;ordinary administrative expenses of the Committee that are
necessary or appropriate in fulfilling its purposes or carrying out its responsibilities under this Charter. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Annual Evaluations
</U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Committee shall review and reassess the adequacy of this Charter at least annually and recommend any changes to
the Board. In addition, the performance of the Committee shall be reviewed at least annually. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Adoption and Amendments
</U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Board shall adopt and approve this Charter and may amend the Charter at any time on the Board&#146;s own motion.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">A-5</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Appendix A </U></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Funds Subject to this Charter </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(As of September&nbsp;5, 2014) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PCM FUND, INC. (PCM) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO MUNICIPAL INCOME (PMF) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PIMCO MUNICIPAL INCOME II (PML) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO MUNICIPAL INCOME III (PMX) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO CALIFORNIA MUNICIPAL INCOME (PCQ) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PIMCO CALIFORNIA MUNICIPAL INCOME II (PCK) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO CALIFORNIA MUNICIPAL INCOME III
(PZC) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO NEW YORK MUNICIPAL INCOME (PNF) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PIMCO NEW YORK MUNICIPAL INCOME II (PNI) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO NEW YORK MUNICIPAL INCOME III (PYN)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO CORPORATE AND INCOME STRATEGY (PCN) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PIMCO CORPORATE AND INCOME OPPORTUNITY (PTY) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO HIGH INCOME (PHK) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO INCOME STRATEGY (PFL) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PIMCO INCOME STRATEGY II (PFN) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO INCOME OPPORTUNITY (PKO) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO GLOBAL STOCKSPLUS&nbsp;&amp; INCOME (PGP) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PIMCO STRATEGIC INCOME FUND, INC. (RCS) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO DYNAMIC INCOME (PDI) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO DYNAMIC CREDIT INCOME (PCI) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">A-6</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I><U>Exhibit B to Proxy Statement </U></I></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Nominating Committee Charter </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>PIMCO Managed Accounts Trust and </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PIMCO Sponsored Closed-End Funds
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Boards of Directors/Trustees (the &#147;Boards&#148;) of each Trust and respective series thereof (each Trust or
series, a &#147;Fund&#148;) have adopted this Charter to govern the activities of the Nominating Committee (the &#147;Committee&#148;) of each Board. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Statement of Purpose and Responsibility </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The primary purpose and
responsibility of each Committee is the screening and nomination of candidates for election to the Board as independent Directors/Trustees. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Organization and Governance </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Each Committee shall be comprised of as many Directors/Trustees as the Board shall determine, but in any event not fewer than two (2)&nbsp;Directors/Trustees. Each Committee must consist entirely of Board
members who are not &#147;interested persons&#148; of the relevant Funds, as defined in Section&nbsp;2(a)(19) of the Investment Company Act of 1940, as amended. Each Board may remove or replace any member of the Committee at any time in its sole
discretion. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">One or more members of a Committee may be designated by the Board as the Committee&#146;s chairman or
co-chairman, as the case may be. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">A Committee will not have regularly scheduled meetings. Committee meetings shall be held as
and when the Committee or the Board determines necessary or appropriate in accordance with the Fund&#146;s Bylaws. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Qualifications for
Director/Trustee Nominees </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">A Director/Trustee candidate must have a college degree or equivalent business experience. The
Committee may take into account a wide variety of factors in considering Director/Trustee candidates, including (but not limited to): (i)&nbsp;availability and commitment of a candidate to attend meetings and perform his or her responsibilities on
the Board, (ii)&nbsp;relevant industry and related experience, (iii)&nbsp;educational background, (iv)&nbsp;ability, judgment and expertise and (v)&nbsp;overall diversity of the Board&#146;s composition. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">B-1</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Identification of Nominees </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In identifying potential nominees for a Board, the Committee may consider candidates recommended by the following sources: (i)&nbsp;the Fund&#146;s current Directors/Trustees; (ii)&nbsp;the Fund&#146;s
officers; (iii)&nbsp;the Fund&#146;s investment adviser or sub- advisers; (iv)&nbsp;shareholders of the Fund (see below); and (v)&nbsp;any other source the Committee deems to be appropriate. The Committee may, but is not required to, retain a third
party search firm at the Fund&#146;s expense to identify potential candidates. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Consideration of Candidates Recommended By Shareholders
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">A Committee will consider and evaluate nominee candidates properly submitted by shareholders on the same basis as it
considers and evaluates candidates recommended by other sources. <U>Appendix A</U> (for PIMCO Managed Accounts Trust) and <U>Appendix B</U> (for the PIMCO Sponsored Closed-End Funds) to this Charter, as they may be amended from time to time by a
Committee, set forth procedures that must be followed by shareholders to submit properly a nominee candidate to the Committee (recommendations not properly submitted in accordance with<U> Appendix A</U> or <U>Appendix B</U> (as applicable) will not
be considered by the Committee). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Recommendation of Candidates to the Board </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">A Committee will recommend to the Board the Directors/Trustees candidates that it deems qualified to serve as independent
directors/trustees on the Board. To the extent practicable, the Committee will rank such potential nominees for the Board in order of preference. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">B-2</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Appendix A </U></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Procedures for Shareholders to Submit Nominee Candidates for PIMCO Managed Accounts Trust </U></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">A shareholder of a Fund must follow the following procedures in order to submit properly a nominee recommendation for the Committee&#146;s consideration.
</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The shareholder must submit any such recommendation (a &#147;Shareholder Recommendation&#148;) in writing to a Fund, to the attention of the Secretary, at the address
of the principal executive offices of the Fund. Once each quarter, if any Shareholder Recommendations have been received by the Secretary during the quarter, the Secretary will inform the Committee of the new Shareholder Recommendations. Because the
Fund does not hold annual or other regular meetings of shareholders for the purpose of electing Trustees, the Committee will accept Shareholder Recommendations on a continuous basis. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">All Shareholder Recommendations properly submitted to a Fund will be held by the Secretary until such time as (i)&nbsp;the Committee convenes to consider candidates to
fill Board vacancies or newly created Board positions (a &#147;Trustee Consideration Meeting&#148;) or (ii)&nbsp;the Committee instructs the Secretary to discard a Shareholder Recommendation following a Trustee Consideration Meeting or an Interim
Evaluation (as defined below). </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">At a Trustee Consideration Meeting, the Committee will consider each Shareholder Recommendation then held by the Secretary. Following a Trustee Consideration Meeting,
the Committee may instruct the Secretary to discard any or all of the Shareholder Recommendations currently held by the Secretary. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">A Committee may, in its discretion and at any time, convene to conduct an evaluation of validly submitted Shareholder Recommendations (each such meeting, an
&#147;Interim Evaluation&#148;) for the purpose of determining which Shareholder Recommendations will be considered at the next Trustee Consideration Meeting. Following an Interim Evaluation, the Committee may instruct the Secretary to discard any
or all of the Shareholder Recommendations currently held by the Secretary. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Shareholder Recommendation must include: (i)&nbsp;a statement in writing setting forth (A)&nbsp;the name, date of birth, business address,
residence address and nationality of the person recommended by the shareholder (the &#147;candidate&#148;); (B)&nbsp;the number of shares of (and class, if any) of the Fund(s) owned of record or beneficially by the candidate, as reported to such
shareholder by the candidate; (C)&nbsp;any other information regarding the </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">B-3</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">
candidate called for with respect to director nominees by paragraphs (a), (d), (e)&nbsp;and (f)&nbsp;of Item&nbsp;401 of Regulation S-K or paragraph (b)&nbsp;of Item&nbsp;22 of Rule 14a-101
(Schedule 14A) under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), adopted by the Securities and Exchange Commission (or the corresponding provisions of any regulation or rule subsequently adopted by the Securities
and Exchange Commission or any successor agency applicable to the Trust); (D)&nbsp;any other information regarding the candidate that would be required to be disclosed if the candidate were a nominee in a proxy statement or other filing required to
be made in connection with the election of Trustees or directors pursuant to Section&nbsp;14 of the Exchange Act and the rules and regulations promulgated thereunder; and (E)&nbsp;whether the recommending shareholder believes that the candidate is
or will be an &#147;interested person&#148; of the Fund (as defined in the Investment Company Act of 1940, as amended) and, if not an &#147;interested person,&#148; information regarding the candidate that will be sufficient for the Fund to make
such determination; (ii)&nbsp;the written and signed consent of the candidate to be named as a nominee and to serve as a Trustee if elected; (iii)&nbsp;the recommending shareholder&#146;s name as it appears on the Fund&#146;s books; (iv)&nbsp;the
number of shares of (and class, if any) of the Fund(s) owned beneficially and of record by the recommending shareholder; and (v)&nbsp;a description of all arrangements or understandings between the recommending shareholder and the candidate and any
other person or persons (including their names) pursuant to which the recommendation is being made by the recommending shareholder. In addition, the Committee may require the candidate to furnish such other information as it may reasonably require
or deem necessary to determine the eligibility of such candidate to serve on the Board or to satisfy applicable law. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">B-4</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Appendix B </U></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Procedures for Shareholders to Submit Nominee Candidates for </U></B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>the PIMCO Sponsored Closed-End Funds </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">A Fund shareholder must follow the following procedures in order to properly submit a nominee recommendation for the Committee&#146;s consideration. </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The shareholder/stockholder must submit any such recommendation (a &#147;Shareholder Recommendation&#148;) in writing to a Fund, to the attention of the Secretary, at
the address of the principal executive offices of the Fund. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Shareholder Recommendation must be delivered to or mailed and received at the principal executive offices of a Fund not less than forty-five (45)&nbsp;calendar days
nor more than seventy-five (75)&nbsp;calendar days prior to the date of the Board or shareholder meeting at which the nominee would be elected. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Shareholder Recommendation must include: (i)&nbsp;a statement in writing setting forth (A)&nbsp;the name, age, date of birth, business address,
residence address and nationality of the person recommended by the shareholder (the &#147;candidate&#148;); (B)&nbsp;the class and number of all shares of the Fund owned of record or beneficially by the candidate, as reported to such shareholder by
the candidate; (C)&nbsp;any other information regarding the candidate called for with respect to director nominees by paragraphs (a), (d), (e)&nbsp;and (f)&nbsp;of Item&nbsp;401 of Regulation S-K or paragraph (b)&nbsp;of Item&nbsp;22 of Rule 14a-101
(Schedule 14A) under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), adopted by the Securities and Exchange Commission (or the corresponding provisions of any regulation or rule subsequently adopted by the Securities
and Exchange Commission or any successor agency applicable to the Fund); (D)&nbsp;any other information regarding the candidate that would be required to be disclosed if the candidate were a nominee in a proxy statement or other filing required to
be made in connection with solicitation of proxies for election of Directors/Trustees or directors pursuant to Section&nbsp;14 of the Exchange Act and the rules and regulations promulgated thereunder; and (E)&nbsp;whether the recommending
shareholder believes that the candidate is or will be an &#147;interested person&#148; of the Fund (as defined in the Investment Company Act of 1940, as amended) and, if not an &#147;interested person,&#148; information regarding the candidate that
will be sufficient for the Fund to make such determination; (ii)&nbsp;the written and signed consent of the candidate to be named as a nominee and to serve as a Director/Trustee if elected; (iii)&nbsp;the recommending shareholder&#146;s name as it
appears on the Fund&#146;s books; (iv)&nbsp;the class and number of all shares of the Fund owned beneficially and </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">B-5</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">
of record by the recommending shareholder; and (v)&nbsp;a description of all arrangements or understandings between the recommending shareholder and the candidate and any other person or persons
(including their names) pursuant to which the recommendation is being made by the recommending shareholder. In addition, the Committee may require the candidate to furnish such other information as it may reasonably require or deem necessary to
determine the eligibility of such candidate to serve on the Board. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">B-6</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I><U>Exhibit C-1 to Proxy Statement </U></I></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Report of Audit Oversight Committees </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">of the Boards of Trustees of </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO Income Strategy Fund (PFL) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO Income Strategy Fund II (PFN) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(each, a &#147;Fund&#148; and, collectively, the &#147;Funds&#148;) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dated
September&nbsp;23, 2014 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Audit Oversight Committee (the &#147;Committee&#148;) oversees the Funds&#146; financial
reporting process on behalf of the Board of Trustees of each Fund (the &#147;Board&#148;) and operates under a written Charter adopted by the Board. The Committee meets with each Fund&#146;s management (&#147;Management&#148;) and independent
registered public accounting firm and reports the results of its activities to the Board. Management has the primary responsibility for the financial statements and the reporting process, including the system of internal controls. In connection with
the Committee&#146;s and independent accountant&#146;s responsibilities, Management has advised that the Funds&#146; financial statements for the fiscal year ended July&nbsp;31, 2014 were prepared in conformity with the generally accepted accounting
principles. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Committee has reviewed and discussed with Management and PricewaterhouseCoopers LLP (&#147;PwC&#148;), the
Funds&#146; independent registered public accounting firm, the audited financial statements for the fiscal year ended July&nbsp;31, 2014. The Committee has discussed with PwC the matters required to be discussed by Statements on Auditing Standard
No.&nbsp;61 (SAS 61). SAS 61 requires the independent registered public accounting firm to communicate to the Committee matters including, if applicable: 1)&nbsp;methods used to account for significant unusual transactions; 2) the effect of
significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus; 3) the process used by management in formulating particularly sensitive accounting estimates and the basis for the
auditor&#146;s conclusions regarding the reasonableness of those estimates; and 4) disagreements with Management over the application of accounting principles and certain other matters. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">With respect to each Fund, the Committee has received the written disclosure and the letter from PwC required by Rule 3526 of the Public
Company Accounting Oversight Board (requiring registered public accounting firms to make written disclosure to and discuss with the Committee various matters relating to the auditor&#146;s independence), and has discussed with PwC their
independence. The Committee has also reviewed the aggregate fees billed by </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">C-1</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
PwC for professional services rendered to each Fund and for non-audit services provided to Pacific Investment Management Company LLC (&#147;PIMCO&#148;), the Funds&#146; investment manager and
any entity controlling, controlled by or under common control with PIMCO that provided services to the Funds. As part of this review, the Committee considered, in addition to other practices and requirements relating to selection of the Funds&#146;
independent registered public accounting firm, whether the provision of such non-audit services was compatible with maintaining the independence of PwC. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Based on the foregoing review and discussions, the Committee presents this Report to the Board and recommends that (1)&nbsp;the audited financial statements for the fiscal year ended July&nbsp;31, 2014 be
included in the Funds&#146; Annual Report to shareholders for such fiscal year, (2)&nbsp;such Annual Report be filed with the Securities and Exchange Commission and the New York Stock Exchange, and (3)&nbsp;PwC be reappointed as the Funds&#146;
independent registered public accounting firm for the fiscal year ending July&nbsp;31, 2015. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Submitted by the Audit Oversight Committees of
the Boards of Trustees: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Bradford K. Gallagher, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">James A. Jacobson, </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hans W. Kertess, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan B. Miller, </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Marti Murray </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">William B. Ogden, IV and
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan Rappaport </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">C-2</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I><U>Exhibit C-2 to Proxy Statement </U></I></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Report of Audit Oversight Committee </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">of the Board of Directors of </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO Strategic Income Fund, Inc. (&#147;RCS&#148; or
the &#147;Fund&#148;) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dated March&nbsp;24, 2015 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Audit Oversight Committee (the &#147;Committee&#148;) oversees the Fund&#146;s financial reporting process on behalf of the Board of Directors of the Fund (the &#147;Board&#148;) and operates under a
written Charter adopted by the Board. The Committee meets with the Fund&#146;s management (&#147;Management&#148;) and independent registered public accounting firm and reports the results of its activities to the Board. Management has the primary
responsibility for the financial statements and the reporting process, including the system of internal controls. In connection with the Committee&#146;s and independent accountant&#146;s responsibilities, Management has advised that the Fund&#146;s
financial statements for the fiscal year ended January&nbsp;31, 2015 were prepared in conformity with the generally accepted accounting principles. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Committee has reviewed and discussed with Management and PricewaterhouseCoopers LLP (&#147;PwC&#148;), the Fund&#146;s independent registered public accounting firm, the audited financial statements
for the fiscal year ended January&nbsp;31, 2015. The Committee has discussed with PwC the matters required to be discussed by Statements on Auditing Standard No.&nbsp;61 (SAS 61). SAS 61 requires the independent registered public accounting firm to
communicate to the Committee matters including, if applicable: 1)&nbsp;methods used to account for significant unusual transactions; 2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of
authoritative guidance or consensus; 3) the process used by management in formulating particularly sensitive accounting estimates and the basis for the auditor&#146;s conclusions regarding the reasonableness of those estimates; and 4) disagreements
with Management over the application of accounting principles and certain other matters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">With respect to the Fund, the
Committee has received the written disclosure and the letter from PwC required by Rule 3526 of the Public Company Accounting Oversight Board (requiring registered public accounting firms to make written disclosure to and discuss with the Committee
various matters relating to the auditor&#146;s independence), and has discussed with PwC their independence. The Committee has also reviewed the aggregate fees billed by PwC for professional services rendered to the Fund and for non-audit services
provided to Allianz Global Investors Fund Management LLC (&#147;AGIFM&#148;), the </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">C-3</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Fund&#146;s investment manager prior to September&nbsp;5, 2014 and Pacific Investment Management Company LLC (&#147;PIMCO&#148;), the Fund&#146;s sub-adviser prior to September&nbsp;5, 2014 and
current investment manager and any entity controlling, controlled by or under common control with AGIFM or PIMCO that provided services to the Fund. As part of this review, the Committee considered, in addition to other practices and requirements
relating to selection of the Fund&#146;s independent registered public accounting firm, whether the provision of such non-audit services was compatible with maintaining the independence of PwC. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Based on the foregoing review and discussions, the Committee presents this Report to the Board and recommends that (1)&nbsp;the audited
financial statements for the fiscal year ended January&nbsp;31, 2015 be included in the Fund&#146;s Annual Report to shareholders for such fiscal year, (2)&nbsp;such Annual Report be filed with the Securities and Exchange Commission and the New York
Stock Exchange, and (3)&nbsp;PwC be reappointed as the Fund&#146;s independent registered public accounting firm for the fiscal year ending June&nbsp;30, 2015. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Submitted by the Audit Oversight Committee of the Board of Directors: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis,
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bradford K. Gallagher, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">James A.
Jacobson, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hans W. Kertess, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">William
B. Ogden, IV and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan Rappaport </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">C-4</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I><U>Exhibit C-3 to Proxy Statement </U></I></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Report of Audit Oversight Committee </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">of the Board of Trustees of </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO Dynamic Income Fund (PDI) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PIMCO Global StocksPLUS&nbsp;&amp; Income Fund (PGP) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PIMCO High Income Fund (PHK) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(each, a &#147;Fund&#148; and, collectively, the
&#147;Funds&#148;) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dated May&nbsp;21, 2015 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Audit Oversight Committee (the &#147;Committee&#148;) oversees the Funds&#146; financial reporting process on behalf of the Board of Trustees of each Fund (the &#147;Board&#148;) and operates under a
written Charter adopted by the Board. The Committee meets with each Fund&#146;s management (&#147;Management&#148;) and independent registered public accounting firm and reports the results of its activities to the Board. Management has the primary
responsibility for the financial statements and the reporting process, including the system of internal controls. In connection with the Committee&#146;s and independent accountant&#146;s responsibilities, Management has advised that the Funds&#146;
financial statements for the fiscal year ended March&nbsp;31, 2015 and were prepared in conformity with the generally accepted accounting principles. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Committee has reviewed and discussed with Management and PricewaterhouseCoopers LLP (&#147;PwC&#148;), the Funds&#146; independent registered public accounting firm, the audited financial statements
for the fiscal year ended March&nbsp;31, 2015. The Committee has discussed with PwC the matters required to be discussed by Statements on Auditing Standard No.&nbsp;61 (SAS 61). SAS 61 requires the independent registered public accounting firm to
communicate to the Committee matters including, if applicable: 1)&nbsp;methods used to account for significant unusual transactions; 2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of
authoritative guidance or consensus; 3) the process used by management in formulating particularly sensitive accounting estimates and the basis for the auditor&#146;s conclusions regarding the reasonableness of those estimates; and 4) disagreements
with Management over the application of accounting principles and certain other matters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">With respect to each Fund, the
Committee has received the written disclosure and the letter from PwC required by Rule 3526 of the Public Company Accounting Oversight Board (requiring registered public accounting firms to make written disclosure to and discuss with the Committee
various matters relating to the auditor&#146;s independence), and has discussed with PwC their </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">C-5</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
independence. The Committee has also reviewed the aggregate fees billed by PwC for professional services rendered to each Fund and for non-audit services provided to Allianz Global Investors Fund
Management LLC (&#147;AGIFM&#148;), the Funds&#146; investment manager prior to September&nbsp;5, 2014, and Pacific Investment Management Company LLC (&#147;PIMCO&#148;), the Funds&#146; sub-adviser prior to September&nbsp;5, 2014 and current
investment manager and any entity controlling, controlled by or under common control with AGIFM or PIMCO that provided services to each Fund. As part of this review, the Committee considered, in addition to other practices and requirements relating
to selection of the Funds&#146; independent registered public accounting firm, whether the provision of such non-audit services was compatible with maintaining the independence of PwC. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Based on the foregoing review and discussions, the Committee presents this Report to the Board and recommends that (1)&nbsp;the audited
financial statements for the fiscal year ended March&nbsp;31, 2015 be included in the Funds&#146; Annual Report to shareholders for such fiscal year, (2)&nbsp;such Annual Report be filed with the Securities and Exchange Commission and the New York
Stock Exchange, and (3)&nbsp;PwC be reappointed as the Funds&#146; independent registered public accounting firm for the fiscal years ending June&nbsp;30, 2015 for PDI and PGP and July&nbsp;31, 2015 for PHK. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Submitted by the Audit Oversight Committee of the Board of Trustees: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Deborah A. DeCotis, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bradford K. Gallagher, </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">James A. Jacobson, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hans W. Kertess, </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">William B. Ogden, IV and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alan Rappaport
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="white-space:nowrap">C-6</FONT> </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:529px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:120px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:120px;margin-bottom:0px; margin-right:6%" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">CEF_Proxy_050115 </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="middle" ROWSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g923929snap3.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"> <P STYLE="margin-top:0px;margin-bottom:1px">


<IMG SRC="g923929snap4.jpg" ALT="LOGO">
</P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="4"><B>PIMCO STRATEGIC INCOME FUND, INC.</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify">


<IMG SRC="g923929snap5.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px" align="left"><FONT SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.<B>
</B>THE MATTERS WE ARE SUBMITTING FOR YOUR CONSIDERATION ARE SIGNIFICANT TO THE FUND AND TO YOU AS A FUND SHAREHOLDER.<B> PLEASE TAKE THE TIME TO READ THE PROXY STATEMENT AND CAST YOUR PROXY VOTE TODAY!</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" ALIGN="center">


<IMG SRC="g923929snap6.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">PROXY IN CONNECTION WITH THE ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px; " ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">The undersigned holder of common shares of PIMCO Strategic Income Fund, Inc., a Maryland corporation (the &#147;Fund&#148;), hereby appoint(s) Peter G. Strelow, William Galipeau and Joshua D. Ratner, or any of
them, each with full power of substitution, as the proxy or proxies for the undersigned to: (i) attend the Annual Meeting of shareholders of the Fund (the &#147;Annual Meeting&#148;) to be held at the offices of Pacific Investment Management Company
LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Floor, New York, New York 10019, on June 30, 2015 beginning at 9:30 A.M. Eastern
Time, and any adjournment(s) or postponement(s) thereof; and (ii) cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned as if personally present at such Annual Meeting. The undersigned acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement dated May&nbsp;28, 2015. The undersigned hereby revokes any prior proxy given
with respect to the Annual Meeting, and ratifies and confirms all that the proxies, or any one of them, may lawfully do. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>THIS PROXY
IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND, WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE PROPOSAL. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IF THIS
PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME
BEFORE THE ANNUAL MEETING</B> OR ANY ADJOURNMENT(S) OR POSTPONEMENT(S) THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS TO A PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED
WILL BE CAST &#147;FOR&#148; SUCH PROPOSAL.<B> </B></FONT></P> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:2px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Please refer to the Proxy Statement for a discussion of the Proposal. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.</B> <B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
</B><B>ANNUAL</B><B> MEETING OF SHAREHOLDERS TO BE HELD ON </B><B>JUNE 30</B><B>, 201</B><B>5</B><B>. </B>The Proxy Statement and the Annual Report to Shareholders for the fiscal year ended January 31, 2015 for PIMCO Strategic Income Fund, Inc. are
also available at<B> </B><U>pimco.com/closedendfunds.</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>


<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO&nbsp;STRATEGIC&nbsp;INCOME&nbsp;FUND,&nbsp;INC.&nbsp;&#150;&nbsp;COMMON&nbsp;SHARES</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right">


<IMG SRC="g923929pc9.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;
</P><DIV STYLE="position:relative;float:left; margin-right:1%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>TO BE COUNTED. </B></FONT></P></DIV><DIV STYLE="position:relative;float:left; width:49%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;
</P><DIV STYLE="position:relative;float:left; margin-right:1%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Please sign exactly as your name(s) appear(s) on the proxy card. Joint owners should each sign
personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, the signature should be that of an authorized officer who should state his or
her title. </FONT></P></DIV><DIV STYLE="position:relative;float:left; width:49%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (AND TITLE IF APPLICABLE)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (IF HELD JOINTLY)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">TO VOTE, MARK ONE CIRCLE IN BLUE OR BLACK INK. Example: <FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT
STYLE="font-family:WINGDINGS" SIZE="2" COLOR="#000000">&#108;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR BGCOLOR="#ededed">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FOR</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>WITHHOLD</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;PROPOSAL</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Directors &#151; The Board of Directors urges you to vote
<U>FOR</U> the election of the Nominees.</FONT></P></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(01) Craig A. Dawson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(02) Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(03) Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To vote and otherwise represent the undersigned on any other business that may properly come before
the Annual Meeting or any adjournment(s) or postponement(s) thereof, in the discretion of the proxy holder(s).</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Voting Items</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:30px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Change&nbsp;of&nbsp;Address&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;new&nbsp;address&nbsp;below.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comments&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;your&nbsp;comments&nbsp;below.</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8px"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>You can vote on the internet, by telephone or by mail. Please see the reverse side for instructions.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE ALL YOUR BALLOTS IF YOU RECEIVED MORE THAN ONE BALLOT DUE TO MULTIPLE INVESTMENTS IN THE FUND. REMEMBER TO SIGN AND DATE ABOVE
BEFORE MAILING IN YOUR VOTE. THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. </B></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5">THANK YOU FOR VOTING </FONT></P>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="middle" ROWSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g923929snap3.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"> <P STYLE="margin-top:0px;margin-bottom:1px">


<IMG SRC="g923929snap4.jpg" ALT="LOGO">
</P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO GLOBAL STOCKSPLUS &amp; INCOME
FUND</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify">


<IMG SRC="g923929snap5.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px" align="left"><FONT SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.<B>
</B>THE MATTERS WE ARE SUBMITTING FOR YOUR CONSIDERATION ARE SIGNIFICANT TO THE FUND AND TO YOU AS A FUND SHAREHOLDER.<B> PLEASE TAKE THE TIME TO READ THE PROXY STATEMENT AND CAST YOUR PROXY VOTE TODAY!</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" ALIGN="center">


<IMG SRC="g923929snap6.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">PROXY IN CONNECTION WITH THE ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px; " ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">The undersigned holder of common shares of PIMCO Global StocksPLUS &amp; Income Fund, a Massachusetts business trust (the &#147;Fund&#148;), hereby appoint(s) Peter G. Strelow, William Galipeau and Joshua D.
Ratner, or any of them, each with full power of substitution, as the proxy or proxies for the undersigned to: (i) attend the Annual Meeting of shareholders of the Fund (the &#147;Annual Meeting&#148;) to be held at the offices of Pacific Investment
Management Company LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Floor, New York, New York 10019, on June 30, 2015 beginning at 9:30 A.M. Eastern
Time, and any adjournment(s) or postponement(s) thereof; and (ii) cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned as if personally present at such Annual Meeting. The undersigned acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement dated May&nbsp;28, 2015. The undersigned hereby revokes any prior proxy given
with respect to the Annual Meeting, and ratifies and confirms all that the proxies, or any one of them, may lawfully do. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>THIS PROXY
IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND, WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE PROPOSAL. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IF THIS
PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME
BEFORE THE ANNUAL MEETING</B> OR ANY ADJOURNMENT(S) OR POSTPONEMENT(S) THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS TO A PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED
WILL BE CAST &#147;FOR&#148; SUCH PROPOSAL.<B> </B></FONT></P> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:2px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Please refer to the Proxy Statement for a discussion of the Proposal. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.</B> <B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
</B><B>ANNUAL</B><B> MEETING OF SHAREHOLDERS TO BE HELD ON </B><B>JUNE 30</B><B>, 201</B><B>5</B><B>. </B>The Proxy Statement and the Annual Report to Shareholders for the fiscal year ended March 31, 2015 for PIMCO Global StocksPLUS &amp; Income
Fund, when available, are also available at <U>pimco.com/closedendfunds.</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>


<TR>
<TD VALIGN="middle" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PIMCO&nbsp;GLOBAL&nbsp;STOCKSPLUS&nbsp;&amp;&nbsp;INCOME&nbsp;FUND&nbsp;&#150;&nbsp;COMMON&nbsp;SHARES</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right">


<IMG SRC="g923929pc9.jpg" ALT="LOGO">
</TD></TR>
</TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE TO BE COUNTED.
</B></FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Please sign exactly as your name(s) appear(s) on the proxy card. Joint owners should each sign
personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, the signature should be that of an authorized officer who should state his or
her title. </FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (AND TITLE IF APPLICABLE)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (IF HELD JOINTLY)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">TO VOTE, MARK ONE CIRCLE IN BLUE OR BLACK INK. Example: <FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT
STYLE="font-family:WINGDINGS" SIZE="2" COLOR="#000000">&#108;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR BGCOLOR="#ededed">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FOR</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>WITHHOLD</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;PROPOSAL</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Trustees &#151; The Board of Trustees urges you to vote
<U>FOR</U> the election of the Nominees.</FONT></P></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(01) Craig A. Dawson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(02) William B. Ogden, IV</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"></FONT><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="4"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"></FONT><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="4"></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(03) Hans W. Kertess</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"></FONT><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="4"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"></FONT><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="4"></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To vote and otherwise represent the undersigned on any other business that may properly come before
the Annual Meeting or any adjournment(s) or postponement(s) thereof, in the discretion of the proxy holder(s).</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Voting Items</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:72px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Change&nbsp;of&nbsp;Address&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;new&nbsp;address&nbsp;below.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comments&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;your&nbsp;comments&nbsp;below.</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8px"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>You can vote on the internet, by telephone or by mail. Please see the reverse side for instructions.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE ALL YOUR BALLOTS IF YOU RECEIVED MORE THAN ONE BALLOT DUE TO MULTIPLE INVESTMENTS IN THE FUND. REMEMBER TO SIGN AND
DATE ABOVE BEFORE MAILING IN YOUR VOTE. THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5">THANK YOU FOR VOTING </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="middle" ROWSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g923929snap3.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"> <P STYLE="margin-top:0px;margin-bottom:1px">


<IMG SRC="g923929snap4.jpg" ALT="LOGO">
</P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="4"><B>PIMCO HIGH INCOME FUND</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify">


<IMG SRC="g923929snap5.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px" align="left"><FONT SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.<B>
</B>THE MATTERS WE ARE SUBMITTING FOR YOUR CONSIDERATION ARE SIGNIFICANT TO THE FUND AND TO YOU AS A FUND SHAREHOLDER.<B> PLEASE TAKE THE TIME TO READ THE PROXY STATEMENT AND CAST YOUR PROXY VOTE TODAY!</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" ALIGN="center">


<IMG SRC="g923929snap6.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">PROXY IN CONNECTION WITH THE ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px; " ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">The undersigned holder of common shares of PIMCO High Income Fund, a Massachusetts business trust (the &#147;Fund&#148;), hereby appoint(s) Peter G. Strelow, William Galipeau and Joshua D. Ratner, or any of them,
each with full power of substitution, as the proxy or proxies for the undersigned to: (i) attend the Annual Meeting of shareholders of the Fund (the &#147;Annual Meeting&#148;) to be held at the offices of Pacific Investment Management Company LLC
(&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Floor, New York, New York 10019, on June 30, 2015 beginning at 9:30 A.M. Eastern
Time, and any adjournment(s) or postponement(s) thereof; and (ii) cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned as if personally present at such Annual Meeting. The undersigned acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement dated May&nbsp;28, 2015. The undersigned hereby revokes any prior proxy given
with respect to the Annual Meeting, and ratifies and confirms all that the proxies, or any one of them, may lawfully do. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>THIS PROXY
IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND, WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE PROPOSAL. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IF THIS
PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME
BEFORE THE </B><B>ANNUAL</B><B> MEETING</B> OR ANY ADJOURNMENT(S) OR POSTPONEMENT(S) THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS TO A PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE
UNDERSIGNED WILL BE CAST &#147;FOR&#148; SUCH PROPOSAL. </FONT></P> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:2px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Please refer to the Proxy Statement for a discussion of the Proposal. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.</B> <B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
</B><B>ANNUAL</B><B> MEETING OF SHAREHOLDERS TO BE HELD ON </B><B>JUNE 30</B><B>, 201</B><B>5</B><B>. </B>The Proxy Statement and the Annual Report to Shareholders for the fiscal year ended March 31, 2015 for PIMCO High Income Fund, when available,
are also available at<B> </B><U>pimco.com/closedendfunds.</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>


<TR>
<TD VALIGN="top" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO HIGH INCOME FUND&nbsp;&#150;&nbsp;COMMON SHARES</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right">


<IMG SRC="g923929pc9.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>TO BE COUNTED.
</B></FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Please sign exactly as your name(s) appear(s) on the proxy card. Joint owners should each sign
personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, the signature should be that of an authorized officer who should state his or
her title. </FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (AND TITLE IF APPLICABLE)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (IF HELD JOINTLY)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">TO VOTE, MARK ONE CIRCLE IN BLUE OR BLACK INK. Example: <FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT
STYLE="font-family:WINGDINGS" SIZE="2" COLOR="#000000">&#108;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR BGCOLOR="#ededed">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FOR</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>WITHHOLD</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;PROPOSAL</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Trustees &#151; The Board of Trustees urges you to vote
<U>FOR</U> the election of the Nominees.</FONT></P></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(01) Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(02) John C. Maney</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To vote and otherwise represent the undersigned on any other business that may properly come before
the Annual Meeting or any adjournment(s) or postponement(s) thereof, in the discretion of the proxy holder(s).</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Voting Items</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:30px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Change&nbsp;of&nbsp;Address&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;new&nbsp;address&nbsp;below.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comments&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;your&nbsp;comments&nbsp;below.</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8px"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>You can vote on the internet, by telephone or by mail. Please see the reverse side for instructions.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE ALL YOUR BALLOTS IF YOU RECEIVED MORE THAN ONE BALLOT DUE TO MULTIPLE INVESTMENTS IN THE FUND. REMEMBER TO SIGN AND DATE ABOVE
BEFORE MAILING IN YOUR VOTE. THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. </B></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5">THANK YOU FOR VOTING </FONT></P>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="middle" ROWSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g923929snap3.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"> <P STYLE="margin-top:0px;margin-bottom:1px">


<IMG SRC="g923929snap4.jpg" ALT="LOGO">
</P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="4"><B>PIMCO HIGH INCOME FUND</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify">


<IMG SRC="g923929snap5.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px" align="left"><FONT SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.<B>
</B>THE MATTERS WE ARE SUBMITTING FOR YOUR CONSIDERATION ARE SIGNIFICANT TO THE FUND AND TO YOU AS A FUND SHAREHOLDER.<B> PLEASE TAKE THE TIME TO READ THE PROXY STATEMENT AND CAST YOUR PROXY VOTE TODAY!</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" ALIGN="center">


<IMG SRC="g923929snap6.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">PROXY IN CONNECTION WITH THE ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px; " ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">The undersigned holder of preferred shares of PIMCO High Income Fund, a Massachusetts business trust (the &#147;Fund&#148;), hereby appoint(s) Peter G. Strelow, William Galipeau and Joshua D. Ratner, or any of
them, each with full power of substitution, as the proxy or proxies for the undersigned to: (i) attend the Annual Meeting of shareholders of the Fund (the &#147;Annual Meeting&#148;) to be held at the offices of Pacific Investment Management Company
LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Floor, New York, New York 10019, on June 30, 2015 beginning at 9:30 A.M. Eastern
Time, and any adjournment(s) or postponement(s) thereof; and (ii) cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned as if personally present at such Annual Meeting. The undersigned acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement dated May&nbsp;28, 2015. The undersigned hereby revokes any prior proxy given
with respect to the Annual Meeting, and ratifies and confirms all that the proxies, or any one of them, may lawfully do. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>THIS PROXY
IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND, WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE PROPOSAL. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IF THIS
PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME
BEFORE THE ANNUAL MEETING</B> OR ANY ADJOURNMENT(S) OR POSTPONEMENT(S) THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS TO A PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED
WILL BE CAST &#147;FOR&#148; SUCH PROPOSAL.<B> </B></FONT></P> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:2px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Please refer to the Proxy Statement for a discussion of the Proposal. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.</B> <B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
</B><B>ANNUAL</B><B> MEETING OF SHAREHOLDERS TO BE HELD ON </B><B>JUNE 30</B><B>, 201</B><B>5</B><B>. </B>The Proxy Statement and the Annual Report to Shareholders for the fiscal year ended March 31, 2015 for PIMCO High Income Fund, when available,
are also available at<B> </B><U>pimco.com/closedendfunds.</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>


<TR>
<TD VALIGN="top" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO&nbsp;HIGH INCOME FUND &#150; PREFERRED SHARES</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right">


<IMG SRC="g923929pc9.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>TO BE COUNTED.
</B></FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Please sign exactly as your name(s) appear(s) on the proxy card. Joint owners should each sign
personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, the signature should be that of an authorized officer who should state his or
her title. </FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (AND TITLE IF APPLICABLE)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (IF HELD JOINTLY)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">TO VOTE, MARK ONE CIRCLE IN BLUE OR BLACK INK. Example: <FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT
STYLE="font-family:WINGDINGS" SIZE="2" COLOR="#000000">&#108;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR BGCOLOR="#ededed">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FOR</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>WITHHOLD</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;PROPOSAL</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Trustees &#151; The Board of Trustees urges you to vote
<U>FOR</U> the election of the Nominees.</FONT></P></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(01) Deborah A. DeCotis </FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(02) John C. Maney</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To vote and otherwise represent the undersigned on any other business that may properly come before
the Annual Meeting or any adjournment(s) or postponement(s) thereof, in the discretion of the proxy holder(s).</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Voting Items</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:30px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Change&nbsp;of&nbsp;Address&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;new&nbsp;address&nbsp;below.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comments&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;your&nbsp;comments&nbsp;below.</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8px"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>You can vote on the internet, by telephone or by mail. Please see the reverse side for instructions.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE ALL YOUR BALLOTS IF YOU RECEIVED MORE THAN ONE BALLOT DUE TO MULTIPLE INVESTMENTS IN THE FUND. REMEMBER TO SIGN AND DATE ABOVE
BEFORE MAILING IN YOUR VOTE. THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. </B></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5">THANK YOU FOR VOTING </FONT></P>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="middle" ROWSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g923929snap3.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"> <P STYLE="margin-top:0px;margin-bottom:1px">


<IMG SRC="g923929snap4.jpg" ALT="LOGO">
</P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="4"><B>PIMCO DYNAMIC INCOME FUND</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify">


<IMG SRC="g923929snap5.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px" align="left"><FONT SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.<B>
</B>THE MATTERS WE ARE SUBMITTING FOR YOUR CONSIDERATION ARE SIGNIFICANT TO THE FUND AND TO YOU AS A FUND SHAREHOLDER.<B> PLEASE TAKE THE TIME TO READ THE PROXY STATEMENT AND CAST YOUR PROXY VOTE TODAY!</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" ALIGN="center">


<IMG SRC="g923929snap6.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">PROXY IN CONNECTION WITH THE ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px; " ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">The undersigned holder of common shares of PIMCO Dynamic Income Fund, a Massachusetts business trust (the &#147;Fund&#148;), hereby appoint(s) Peter G. Strelow, William Galipeau and Joshua D. Ratner, or any of
them, each with full power of substitution, as the proxy or proxies for the undersigned to: (i) attend the Annual Meeting of shareholders of the Fund (the &#147;Annual Meeting&#148;) to be held at the offices of Pacific Investment Management Company
LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Floor, New York, New York 10019, on June 30, 2015 beginning at 9:30 A.M. Eastern
Time, and any adjournment(s) or postponement(s) thereof; and (ii) cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned as if personally present at such Annual Meeting. The undersigned acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement dated May&nbsp;28, 2015. The undersigned hereby revokes any prior proxy given
with respect to the Annual Meeting, and ratifies and confirms all that the proxies, or any one of them, may lawfully do. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>THIS PROXY
IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND, WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE PROPOSAL. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IF THIS
PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME
BEFORE THE ANNUAL MEETING</B> OR ANY ADJOURNMENT(S) OR POSTPONEMENT(S) THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS TO A PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED
WILL BE CAST &#147;FOR&#148; SUCH PROPOSAL.<B> </B></FONT></P> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:2px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Please refer to the Proxy Statement for a discussion of the Proposal. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.</B> <B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
</B><B>ANNUAL</B><B> MEETING OF SHAREHOLDERS TO BE HELD ON </B><B>JUNE 30</B><B>, 201</B><B>5</B><B>. </B>The Proxy Statement and the Annual Report to Shareholders for the fiscal year ended March 31, 2015 for PIMCO Dynamic Income Fund, when
available, are also available at<B> </B><U>pimco.com/closedendfunds.</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>


<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO DYNAMIC INCOME FUND &#150; COMMON SHARES</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right">


<IMG SRC="g923929pc9.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>TO BE COUNTED.
</B></FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Please sign exactly as your name(s) appear(s) on the proxy card. Joint owners should each sign
personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, the signature should be that of an authorized officer who should state his or
her title. </FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (AND TITLE IF APPLICABLE)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (IF HELD JOINTLY)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">TO VOTE, MARK ONE CIRCLE IN BLUE OR BLACK INK. Example: <FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT
STYLE="font-family:WINGDINGS" SIZE="2" COLOR="#000000">&#108;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR BGCOLOR="#ededed">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FOR</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>WITHHOLD</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;PROPOSAL</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Trustees &#151; The Board of Trustees urges you to vote
<U>FOR</U> the election of the Nominees.</FONT></P></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(01) Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(02) John C. Maney</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To vote and otherwise represent the undersigned on any other business that may properly come before
the Annual Meeting or any adjournment(s) or postponement(s) thereof, in the discretion of the proxy holder(s).</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Voting Items</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:30px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Change&nbsp;of&nbsp;Address&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;new&nbsp;address&nbsp;below.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comments&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;your&nbsp;comments&nbsp;below.</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8px"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>You can vote on the internet, by telephone or by mail. Please see the reverse side for instructions.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE ALL YOUR BALLOTS IF YOU RECEIVED MORE THAN ONE BALLOT DUE TO MULTIPLE INVESTMENTS IN THE FUND. REMEMBER TO SIGN AND DATE ABOVE
BEFORE MAILING IN YOUR VOTE. THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. </B></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5">THANK YOU FOR VOTING </FONT></P>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="middle" ROWSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g923929snap3.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"> <P STYLE="margin-top:0px;margin-bottom:1px">


<IMG SRC="g923929snap4.jpg" ALT="LOGO">
</P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" NOWRAP> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="4"><B>PIMCO INCOME STRATEGY FUND</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify">


<IMG SRC="g923929snap5.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px" align="left"><FONT SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.<B>
</B>THE MATTERS WE ARE SUBMITTING FOR YOUR CONSIDERATION ARE SIGNIFICANT TO THE FUND AND TO YOU AS A FUND SHAREHOLDER.<B> PLEASE TAKE THE TIME TO READ THE PROXY STATEMENT AND CAST YOUR PROXY VOTE TODAY!</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" ALIGN="center">


<IMG SRC="g923929snap6.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">PROXY IN CONNECTION WITH THE ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px; " ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">The undersigned holder of common shares of PIMCO Income Strategy Fund, a Massachusetts business trust (the &#147;Fund&#148;), hereby appoint(s) Peter G. Strelow, William Galipeau and Joshua D. Ratner, or any of
them, each with full power of substitution, as the proxy or proxies for the undersigned to: (i) attend the Annual Meeting of shareholders of the Fund (the &#147;Annual Meeting&#148;) to be held at the offices of Pacific Investment Management Company
LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Floor, New York, New York 10019, on June 30, 2015 beginning at 9:30 A.M. Eastern
Time, and any adjournment(s) or postponement(s) thereof; and (ii) cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned as if personally present at such Annual Meeting. The undersigned acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement dated May&nbsp;28, 2015. The undersigned hereby revokes any prior proxy given
with respect to the Annual Meeting, and ratifies and confirms all that the proxies, or any one of them, may lawfully do. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>THIS PROXY
IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND, WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE PROPOSAL. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IF THIS
PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME
BEFORE THE ANNUAL MEETING</B> OR ANY ADJOURNMENT(S) OR POSTPONEMENT(S) THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS TO A PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED
WILL BE CAST &#147;FOR&#148; SUCH PROPOSAL.<B> </B></FONT></P> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:2px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Please refer to the Proxy Statement for a discussion of the Proposal. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.</B> <B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
</B><B>ANNUAL</B><B> MEETING OF SHAREHOLDERS TO BE HELD ON </B><B>JUNE 30</B><B>, 201</B><B>5</B><B>. </B>The Proxy Statement and the Annual Report to Shareholders for the fiscal year ended July 31, 2014 for PIMCO Income Strategy Fund are also
available at<B> </B><U>pimco.com/closedendfunds.</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>


<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO INCOME STRATEGY FUND &#150; COMMON SHARES</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right">


<IMG SRC="g923929pc9.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>TO BE COUNTED.
</B></FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Please sign exactly as your name(s) appear(s) on the proxy card. Joint owners should each sign
personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, the signature should be that of an authorized officer who should state his or
her title. </FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (AND TITLE IF APPLICABLE)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (IF HELD JOINTLY)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">TO VOTE, MARK ONE CIRCLE IN BLUE OR BLACK INK. Example: <FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT
STYLE="font-family:WINGDINGS" SIZE="2" COLOR="#000000">&#108;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR BGCOLOR="#ededed">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FOR</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>WITHHOLD</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;PROPOSAL</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Trustees &#151; The Board of Trustees urges you to vote
<U>FOR</U> the election of the Nominees.</FONT></P></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(01) Craig A. Dawson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(02) Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(03) James A. Jacobson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To vote and otherwise represent the undersigned on any other business that may properly come before
the Annual Meeting or any adjournment(s) or postponement(s) thereof, in the discretion of the proxy holder(s).</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Voting Items</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:30px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Change&nbsp;of&nbsp;Address&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;new&nbsp;address&nbsp;below.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comments&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;your&nbsp;comments&nbsp;below.</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8px"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>You can vote on the internet, by telephone or by mail. Please see the reverse side for instructions.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE ALL YOUR BALLOTS IF YOU RECEIVED MORE THAN ONE BALLOT DUE TO MULTIPLE INVESTMENTS IN THE FUND. REMEMBER TO SIGN AND DATE ABOVE
BEFORE MAILING IN YOUR VOTE. THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. </B></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5">THANK YOU FOR VOTING </FONT></P>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="middle" ROWSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g923929snap3.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"> <P STYLE="margin-top:0px;margin-bottom:1px">


<IMG SRC="g923929snap4.jpg" ALT="LOGO">
</P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" NOWRAP> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="4"><B>PIMCO INCOME STRATEGY FUND</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify">


<IMG SRC="g923929snap5.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px" align="left"><FONT SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.<B>
</B>THE MATTERS WE ARE SUBMITTING FOR YOUR CONSIDERATION ARE SIGNIFICANT TO THE FUND AND TO YOU AS A FUND SHAREHOLDER.<B> PLEASE TAKE THE TIME TO READ THE PROXY STATEMENT AND CAST YOUR PROXY VOTE TODAY!</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" ALIGN="center">


<IMG SRC="g923929snap6.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">PROXY IN CONNECTION WITH THE ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px; " ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">The undersigned holder of preferred shares of PIMCO Income Strategy Fund, a Massachusetts business trust (the &#147;Fund&#148;), hereby appoint(s) Peter G. Strelow, William Galipeau and Joshua D. Ratner, or any of
them, each with full power of substitution, as the proxy or proxies for the undersigned to: (i) attend the Annual Meeting of shareholders of the Fund (the &#147;Annual Meeting&#148;) to be held at the offices of Pacific Investment Management Company
LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Floor, New York, New York 10019, on June 30, 2015 beginning at 9:30 A.M. Eastern
Time, and any adjournment(s) or postponement(s) thereof; and (ii) cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned as if personally present at such Annual Meeting. The undersigned acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement dated May&nbsp;28, 2015. The undersigned hereby revokes any prior proxy given
with respect to the Annual Meeting, and ratifies and confirms all that the proxies, or any one of them, may lawfully do. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>THIS PROXY
IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND, WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE PROPOSAL. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IF THIS
PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME
BEFORE THE ANNUAL MEETING</B> OR ANY ADJOURNMENT(S) OR POSTPONEMENT(S) THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS TO A PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED
WILL BE CAST &#147;FOR&#148; SUCH PROPOSAL.<B> </B></FONT></P> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:2px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Please refer to the Proxy Statement for a discussion of the proposal. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.</B> <B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
</B><B>ANNUAL</B><B> MEETING OF SHAREHOLDERS TO BE HELD ON </B><B>JUNE 30</B><B>, 201</B><B>5</B><B>. </B>The Proxy Statement and the Annual Report to Shareholders for the fiscal year ended July 31, 2014 for PIMCO Income Strategy Fund are also
available at<B> </B><U>pimco.com/closedendfunds.</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>


<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO INCOME STRATEGY FUND &#150; PREFERRED SHARES</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right">


<IMG SRC="g923929pc9.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>TO BE COUNTED.
</B></FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Please sign exactly as your name(s) appear(s) on the proxy card. Joint owners should each sign
personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, the signature should be that of an authorized officer who should state his or
her title. </FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (AND TITLE IF APPLICABLE)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (IF HELD JOINTLY)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">TO VOTE, MARK ONE CIRCLE IN BLUE OR BLACK INK. Example: <FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT
STYLE="font-family:WINGDINGS" SIZE="2" COLOR="#000000">&#108;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR BGCOLOR="#ededed">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FOR</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>WITHHOLD</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;PROPOSAL</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Trustees &#151; The Board of Trustees urges you to vote
<U>FOR</U> the election of the Nominees.</FONT></P></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(01) Craig A. Dawson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(02) Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(03) James A. Jacobson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(04) Hans W. Kertess</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(05) Deborah A. DeCotis</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To vote and otherwise represent the undersigned on any other business that may properly come before
the Annual Meeting or any adjournment(s) or postponement(s) thereof, in the discretion of the proxy holder(s).</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Voting Items</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:30px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Change&nbsp;of&nbsp;Address&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;new&nbsp;address&nbsp;below.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comments&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;your&nbsp;comments&nbsp;below.</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8px"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>You can vote on the internet, by telephone or by mail. Please see the reverse side for instructions.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE ALL YOUR BALLOTS IF YOU RECEIVED MORE THAN ONE BALLOT DUE TO MULTIPLE INVESTMENTS IN THE FUND. REMEMBER TO SIGN AND DATE ABOVE
BEFORE MAILING IN YOUR VOTE. THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. </B></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5">THANK YOU FOR VOTING </FONT></P>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="middle" ROWSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g923929snap3.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7">


<IMG SRC="g923929snap4.jpg" ALT="LOGO">
</TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO&nbsp;INCOME&nbsp;STRATEGY&nbsp;FUND&nbsp;II</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify">


<IMG SRC="g923929snap5.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px" align="left"><FONT SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.<B>
</B>THE MATTERS WE ARE SUBMITTING FOR YOUR CONSIDERATION ARE SIGNIFICANT TO THE FUND AND TO YOU AS A FUND SHAREHOLDER.<B> PLEASE TAKE THE TIME TO READ THE PROXY STATEMENT AND CAST YOUR PROXY VOTE TODAY!</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" ALIGN="center">


<IMG SRC="g923929snap6.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">PROXY IN CONNECTION WITH THE ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px; " ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">The undersigned holder of common shares of PIMCO Income Strategy Fund II, a Massachusetts business trust (the &#147;Fund&#148;), hereby appoint(s) Peter G. Strelow, William Galipeau and Joshua D. Ratner, or any of
them, each with full power of substitution, as the proxy or proxies for the undersigned to: (i) attend the Annual Meeting of shareholders of the Fund (the &#147;Annual Meeting&#148;) to be held at the offices of Pacific Investment Management Company
LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Floor, New York, New York 10019, on June 30, 2015 beginning at 9:30 A.M. Eastern
Time, and any adjournment(s) or postponement(s) thereof; and (ii) cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned as if personally present at such Annual Meeting. The undersigned acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement dated May&nbsp;28, 2015. The undersigned hereby revokes any prior proxy given
with respect to the Annual Meeting, and ratifies and confirms all that the proxies, or any one of them, may lawfully do. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>THIS PROXY
IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND, WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE PROPOSAL. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IF THIS
PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME
BEFORE THE ANNUAL MEETING</B> OR ANY ADJOURNMENT(S) OR POSTPONEMENT(S) THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS TO A PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED
WILL BE CAST &#147;FOR&#148; SUCH PROPOSAL.<B> </B></FONT></P> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:2px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Please refer to the Proxy Statement for a discussion of the Proposal. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.</B> <B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
</B><B>ANNUAL</B><B> MEETING OF SHAREHOLDERS TO BE HELD ON </B><B>JUNE 30</B><B>, 201</B><B>5</B><B>. </B>The Proxy Statement and the Annual Report to Shareholders for the fiscal year ended July 31, 2014 for PIMCO Income Strategy Fund II are also
available at<B> </B><U>pimco.com/closedendfunds.</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>


<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO&nbsp;INCOME&nbsp;STRATEGY&nbsp;FUND&nbsp;II&nbsp;&#150;&nbsp;COMMON SHARES</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right">


<IMG SRC="g923929pc9.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>TO BE COUNTED.
</B></FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Please sign exactly as your name(s) appear(s) on the proxy card. Joint owners should each sign
personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, the signature should be that of an authorized officer who should state his or
her title. </FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (AND TITLE IF APPLICABLE)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (IF HELD JOINTLY)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">TO VOTE, MARK ONE CIRCLE IN BLUE OR BLACK INK. Example: <FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT
STYLE="font-family:WINGDINGS" SIZE="2" COLOR="#000000">&#108;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR BGCOLOR="#ededed">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FOR</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>WITHHOLD</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;PROPOSAL</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Trustees &#151; The Board of Trustees urges you to vote
<U>FOR</U> the election of the Nominees.</FONT></P></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(01) Craig A. Dawson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(02) Alan Rappaport </FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To vote and otherwise represent the undersigned on any other business that may
properly come before the Annual Meeting or any adjournment(s) or postponement(s) thereof, in the discretion of the proxy holder(s).</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Voting Items</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:30px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Change&nbsp;of&nbsp;Address&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;new&nbsp;address&nbsp;below.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comments&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;your&nbsp;comments&nbsp;below.</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8px"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>You can vote on the internet, by telephone or by mail. Please see the reverse side for instructions.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE ALL YOUR BALLOTS IF YOU RECEIVED MORE THAN ONE BALLOT DUE TO MULTIPLE INVESTMENTS IN THE FUND. REMEMBER TO SIGN AND DATE ABOVE
BEFORE MAILING IN YOUR VOTE. THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. </B></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5">THANK YOU FOR VOTING </FONT></P>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="middle" ROWSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g923929snap3.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"> <P STYLE="margin-top:0px;margin-bottom:1px">


<IMG SRC="g923929snap4.jpg" ALT="LOGO">
</P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="4"><B>PIMCO&nbsp;INCOME&nbsp;STRATEGY&nbsp;FUND&nbsp;II&nbsp;</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify">


<IMG SRC="g923929snap5.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px" align="left"><FONT SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.<B>
</B>THE MATTERS WE ARE SUBMITTING FOR YOUR CONSIDERATION ARE SIGNIFICANT TO THE FUND AND TO YOU AS A FUND SHAREHOLDER.<B> PLEASE TAKE THE TIME TO READ THE PROXY STATEMENT AND CAST YOUR PROXY VOTE TODAY!</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="7" ALIGN="center">


<IMG SRC="g923929snap6.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">PROXY IN CONNECTION WITH THE ANNUAL MEETING OF SHAREHOLDERS </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4">TO BE HELD ON JUNE 30, 2015 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px; " ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">The undersigned holder of preferred shares of PIMCO Income Strategy Fund II, a Massachusetts business trust (the &#147;Fund&#148;), hereby appoint(s) Peter G. Strelow, William Galipeau and Joshua D. Ratner, or any
of them, each with full power of substitution, as the proxy or proxies for the undersigned to: (i) attend the Annual Meeting of shareholders of the Fund (the &#147;Annual Meeting&#148;) to be held at the offices of Pacific Investment Management
Company LLC (&#147;PIMCO&#148; or the &#147;Manager&#148;), at 1633 Broadway, between West 50</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">&nbsp;and West 51</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Streets, 42</FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Floor, New York, New York 10019, on June 30, 2015 beginning at 9:30 A.M. Eastern
Time, and any adjournment(s) or postponement(s) thereof; and (ii) cast on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned as if personally present at such Annual Meeting. The undersigned acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement dated May&nbsp;28, 2015. The undersigned hereby revokes any prior proxy given
with respect to the Annual Meeting, and ratifies and confirms all that the proxies, or any one of them, may lawfully do. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>THIS PROXY
IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND, WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE PROPOSAL. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IF THIS
PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME
BEFORE THE ANNUAL MEETING</B> OR ANY ADJOURNMENT(S) OR POSTPONEMENT(S) THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS TO A PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED
WILL BE CAST &#147;FOR&#148; SUCH PROPOSAL.<B> </B></FONT></P> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:2px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Please refer to the Proxy Statement for a discussion of the Proposal. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.</B> <B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
</B><B>ANNUAL</B><B> MEETING OF SHAREHOLDERS TO BE HELD ON </B><B>JUNE 30</B><B>, 201</B><B>5</B><B>. </B>The Proxy Statement and the Annual Report to Shareholders for the fiscal year ended July 31, 2014 for PIMCO Income Strategy Fund II are also
available at<B> </B><U>pimco.com/closedendfunds.</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>


<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="3"><B>PIMCO&nbsp;INCOME&nbsp;STRATEGY&nbsp;FUND&nbsp;II&nbsp;&#150;&nbsp;PREFERRED SHARES </B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right">


<IMG SRC="g923929pc9.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>TO BE COUNTED.
</B></FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Please sign exactly as your name(s) appear(s) on the proxy card. Joint owners should each sign
personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, the signature should be that of an authorized officer who should state his or
her title. </FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (AND TITLE IF APPLICABLE)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">SIGNATURE (IF HELD JOINTLY)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">DATE</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">TO VOTE, MARK ONE CIRCLE IN BLUE OR BLACK INK. Example: <FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT
STYLE="font-family:WINGDINGS" SIZE="2" COLOR="#000000">&#108;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR BGCOLOR="#ededed">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FOR</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>WITHHOLD</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;PROPOSAL</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Trustees &#151; The Board of Trustees urges you to vote
<U>FOR</U> the election of the Nominees.</FONT></P></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle"></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(01) Craig A. Dawson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(02) Alan Rappaport</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(03) William B. Ogden, IV</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:4.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(04) Bradford K. Gallagher</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="4"><FONT STYLE="font-family:ARIAL" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></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>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To vote and otherwise represent the undersigned on any other business that may properly come before
the Annual Meeting or any adjournment(s) or postponement(s) thereof, in the discretion of the proxy holder(s).</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:2.00em; text-indent:-2.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Voting Items</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:30px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Change&nbsp;of&nbsp;Address&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;new&nbsp;address&nbsp;below.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comments&nbsp;&#150;&nbsp;Please&nbsp;print&nbsp;your&nbsp;comments&nbsp;below.</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8px"> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>You can vote on the internet, by telephone or by mail. Please see the reverse side for instructions.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>PLEASE VOTE ALL YOUR BALLOTS IF YOU RECEIVED MORE THAN ONE BALLOT DUE TO MULTIPLE INVESTMENTS IN THE FUND. REMEMBER TO SIGN AND DATE ABOVE
BEFORE MAILING IN YOUR VOTE. THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. </B></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5">THANK YOU FOR VOTING </FONT></P>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center" BGCOLOR="#f2f2f2">

<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>
<TD VALIGN="top"> <P STYLE="text-indent:1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">[PROXY ID NUMBER HERE]</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">[BAR CODE HERE]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">[CUSIP HERE]</FONT></TD></TR></TABLE>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g923929g35x09.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g923929g35x09.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0K84&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````/````/`````&`&<`,P`U
M`'@`,``Y`````0`````````````````````````!``````````````#P````
M/``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"#P````!````<````!P`
M``%0```DP```""``&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``<`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5"R<K&Q*'9&5:RBED;K+'!K07$,8-SOWWNV,15SMO4\:_P"LUN-Z
M=F5E]*8TT8=9:(=<R;<TF]]&.YWHV_9:OTGJT?K?_<M)3N8F9B9M#<G#NKR*
M'SMMJ<'M,':[WLEOM=[5CY->3E]<NPLKJ%^#66,?T^C'-=8M:!^M6>H]EM]]
M]-O\]4W]#30_%?Z?Z7U$'I#^OY@RLW&IQNGU9V2;6NO+LAQ:RNK#%C*<?[)6
MZN_[)ZU-_P!L?ZE%C+%;R>@V9U;!U;J%MS*GBT-J;7CM:]L[+*[F-=FX[V?Z
M2C-J?_UO>DIEC6=0Z=U"O!S+G9F'E@C$R[`T6LM:-[L/)]"NNI[+*6678V1L
M9_-6T7_I?0];1.9B![:S<S>^=K-PW&/I;6_2=]%<-UC-Z-B4'&R;:>I=5HNQ
M[,&V_)`%U5%M>78;;\A[\3`R*Z<>ZO,?^AJO_1^G7^N5X+#6_P",+%HMH9BV
M89J]1K#B5BP.927>F^W*R\D=/Q^F/H_.QK,?(_P?\S3^LUI3UYZCCAN[;<X<
M^VFTG[FUJL[K@)`IP,VZ?"DU]_\`NT['6<WZZX=%3LCJ;*\3&`#FW,RL>\;3
M^=Z=-OK._P"L57JSB_7'H.?DOQ.F7NZAD5QO;C5O>T`\.=D[6XK6_P!:])31
MS>M=9R>J.Z<RC)Z:P-#JFUMQG95XV[KGX]V9>>G,IQW.J9<RG[=E?Z3['^C]
M2-.-TNX[,ZKK?J`Q-]F:YKC^]MZ=:_";_F5J_P!4;F=48,0]'WUAWJ-NR[V4
MACV_S=V/9@NS,RN]L^RQGV>S_A52_8/UL&,*G=7%U6_<<.7TN].!&*.M-]?J
M.UKO^U7I?:K?](DIMXOU;^K.5CLNQ&V/J<3MLKRL@'<T['ASFW[_`%*WM=78
MUWOKL1O^;C:G;L'J.?B.B(^T.R6_'T^J_;V_YB73;LC`Q/LMG2;,6K'G::+&
M9+'3-C[6O<^O-NLLLW/M?=C>O=;9ZGO?O5C$Z]TG+O.+7?Z>4-?LV0Q^/<1^
M\W&RV47O9_PC*]B2FJW.ZWTUS6]4I&?B:#[?AL<+&GVM!RNF_IK-NX^Z_"MR
M/WWXN-3]#7JMJNJ9=2]ME5C0^NQA#FN:X;F/8YOM<US51R.O=.JRS@5/.7GM
M$NQ,8>I8W1KA]HV_HL/?O;LLS;<>MZ70<*["Z<VN\!EMEEV0ZD'<VKU[;,G[
M,QWYS<?U?1W-]C_Y"2G_T/2<KJV%BW#&<\VY9`<W%I:;+8<=C'NJKW>E2Y_L
M^T7^EC_Z2U<Q]8\%N<,G'JP&NSNHL-UE-X9D6X[:Z_L]G4L>FO?55FVTT4X>
M&W[?4R_)^S_]QLI7*_V]Z>=]@]'=]JM]?9L^W1O]O\]^I?:?L7H_8/MGZ+[+
M]E]3]&M3H7[+]&S[%N^T;A]M]>?M7J1[?M_J_I_4]/\`F=_Z+[/Z7V3]4]%)
M3Y_7T=V5Z8R.LW]*Q\<V78>*QF978QWN^R5Y.-9Z6+3]@FIGZE35ZK/5_3?I
M*[Z]"CH7U<#AE]0^LM]UI`:^S+%+@'@S^K_MC'S+,>IL^QOJ?]>7H:22GA.J
M=*Z9B8.5UCI77G?;>G3E-<#B6P6,<W[,&LQA9759CWW4XV)78S%KNR?6^S^I
M_.:G4?J:[J-MEF9=B9SG`-8_-P:[+&M'#?M&';T^[_I+4ZA_S;^W8O[3^Q?;
M][?L7VGTO6W[F^G]E];]+ZGJ;-GI?GK324\8WZC.Q7UV8F%TPV4EQJOH&3@W
M-+AMTR*+LZS_`#E"GZK_`%S;?3GY?6Q;G4,-3',IIL:UCCN>VEF335L>_P!G
MJW>KZU_^%L_1KMDDE/*5-^NS"6V7W6Z_3.+AAL>6WJ;7_P#05JC`^N-I/VCJ
MM6/5M:6&O'8ZXN/\XV[>YV.ST_\`!^EZF]="DDIROV+FND6]:SGM/+`,6L?)
M]&%5?_X*HN^JO1[MISFV]1VG<&9M]N17/[WV2^Q^'_[+K7224XQZ!;@M)^K^
M0.G@%SAA/;ZN&2Z7.C&W5VXGN=_VAOQZM_Z2RBY62.LWTMJL;1BN?`OMJL?8
M6MCW_9FNIH_2?Z-]G\U_.;+OYM:"22G_V3A"24T$(0``````50````$!````
M#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<````!,`00!D`&\`8@!E
M`"``4`!H`&\`=`!O`',`:`!O`'``(``V`"X`,`````$`.$))300&```````'
M``@``0`!`0#_[@`.061O8F4`9$`````!_]L`A``!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`@("`@("`@("`@(#`P,#`P,#
M`P,#`0$!`0$!`0$!`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P/_P``1"``\`/`#`1$``A$!`Q$!_]T`
M!``>_\0`<````@(#`0$!``````````````D'"`4&"@0#`0$!````````````
M`````````!````8"`@`&`0,$`@,!`````@,$!08'`0@`"1$2$Q05%@HA%Q@B
M(R09)28Q43(H$0$`````````````````````_]H`#`,!``(1`Q$`/P#OXX!P
M#@'`.`<#SJU:5`E4KERE.B0HDYRM8L5G%IDJ1*F+$<H4J5!P@$D)R"09&,8\
MX"$.,YSG&,<!$]2=B/9=O9$BK0T2Z^*MK/7F:,*E]I78S?O8E?!168UFI4YS
M%(T^O%#U]:,^:HR^C,R)$H5/1.%B46#\"*\H0&A)CE;'>_6C*;*9-I]US;')
MVY"2)=76O&V5W5K9CNK&47E6.*K+]H)OK8\*,8#,EIW%Z;LJO,6')Y/@(?`M
MGIYOQ4>X.9C$6Z-651>P=6"2%W'JOL+%15S?E:`7`)$UR-;$E"M8GE5:R3UP
MB9I8QJ7&/.P,^!*KU0F%%A>'@'`.`<`X!P#@8M\?&6,LKO))([M<?CL?:W!\
M?W]\<$C2RLC*TI#5[H[N[HO-3H6UK;4*<PY0H.,`424`0QBP'&<X!,=B]SL<
MG+RY0+K.U<NWL]GK0].T9D$NIQ(96FIL(D;,M:"%;3+=O[)9DE2N2HY"XG*$
MP8N.2A-RC&68(C(O.$/<3COPNDC)Y^>N#1=D5M!:E(D`*Z=SK61.ZDD\!K8\
MA]*@JM0%H`JBQA4I%+N#*I*(.2S2#<9"&-?>NSLZL4A(79O>%<33Y),K<EB7
M7/3[7NB6\<;6(T*/,>;SW5?:\K3+DN$QHR%JEV7%EF'Y'E*(8<"X&MJ.E^XG
MUU3.$P[J^WAS(3B*%["*7Y`ZV)-P00M`6`X,,JYN3'!R>K"8/SDBR;Z00CSD
M.,>`915TQ3X*,M(S=Q?<(U^JPID#D:KVDC[\<J?$;0F;2)`C4.]:'K&@)BA"
M0I/2$F^D>9@W(A>=0>,8:^JZF]]XV6@)J7O@WE9"DP6H"D-PUG0-[&*P-A2\
MGRX5.L8B2P`E1:DKU1F&'&'"+$,X1HQ%B)#=$=1=]M,O\;Q%-N]!MVH00TO0
M).DV%H6QM19\<XE(/1C06J1T.Z7E&5PCUH_67J3FA$#P*],I/CUO.0'G5]HN
MVFMP!E=@75UL-!(TVG(4KIL'I<],6ZE&@3'X_P`F7O<;BY<1O^!19'Z1V5(5
M<47'I<@!C.30FE&#!BNMN[.I>WS28ZZV[`5G;!R,M0-[B[!(4Z6Q(B8C4X2*
MT4]JY[PU6/7SHE4#!@Q(]M3>J!@PL62\!,!D06CX!P#@?__0[^.`<`X&LS*:
MPZNHN]SBP9;&8)"HRA,<Y'+YD_-48B\?;2A!":X/<@>U2%I:D)8AAP(T\XLO
M&<X\<_KP*F4+V2Z`;13EPK+7G<C7*X+$;E2]+](@UL1!YE+IAK+4'."Z,LA+
MIAPES*D3I##1N#46L0X*Q@?J^3(19"[/`^9Q)2@HT@\HL\@\L9)Q)P`F%'%&
M!R`PHTL>!`,+,`+.!!SC.,XSX9X"/>M.W#=/K!=>G'8`3@R32BD;J[:0VB\,
MPF&&;4ZD*UAC]%FR%N(U!S>?:>N2-Y!$9,S!$!0),V)G`@*@HT\TL'C<!4G:
M;0TG/KV.;UZ],KP9N-HE[FV:V#%EV6YQN*G&US:7G8C6&5)`H7`J7QNX:J:G
M1,THCB1FM\JPWK49A)P#,F@Q6G[5AEZU+6%VUPX'.U?7!7L-L^#.:E(<@4KX
MC/8ZW2F.*U2!3@*E`J/:'0D1I!F,&$CSD`L8$'..!EI=84`K]J5OL\G$/A+(
MW^K[]XETF98VU(O03%+#O=N#RM1)$WHI#P&B\XP^4L819_ISC/`B1;MC08&)
MMD\8G7[KQ]S6'(@.M!QR5["D(ADMI3KZKJ72#'/U38G/2J2/1&<6'!PE!?D\
MV,YS@*RR'L;4":FIVJ;1#L-O!+(FE<Y1Y1']>FVI2%)R-\?V(*![3[-SZBWZ
M('*!,7O09<T";U&Y8F-*P8,W!.`U5HV_['9JL4$1'J0E$&0#3J%C2^;);J:W
MUXWJB2<,&"4CHW47_*25,KPM$L<LEDY;3R``0DY-/+$J$!,&T'3GMZ>4+HH;
M=9NNR"*5"-&./(9#NGL;8*EO5Y`/*TN3?!Z*P="H\!!#@($*@00^?/\`='@&
M,F!K946[JG=01[R[^L2")BDXU!F6S6?:2RS5"TI&D.);3"E^T]88`WK7+)Q!
MBH!@3DZ4&#`DFF&^1."QNX[2+N8V-T4L6,M>R^M6P:=B<HE:,TU2IW4ZTZ(6
MW_'X*_"E#]27WM7M_:\CDT96EX+-*:DQ+.ZOXVE,F+5$J3\Y,"4NO><;<[1T
M4U+=&][]`*]HNM/-50:6:^KZW(1.=?)#%5125RKB>5*^;^)7.%2QJ&F4`.`J
M/-(6Y$)03Y\&X-`%MY#"N]Z+*DI4#V$ZL+B;<%@(5J+-UAVDI5XSD:=[4"<"
MLP39JW&T2A*Y*$1&2/1`6I1$9S@2<_`QGA^O6Q'<_6L>2+I%UIZJ;$NN%!2%
M>@UH[!UL1>3!?!)5HWE$Q;*ZRUC&RV<3QZJ3)9DG$M*,%CP+.)+]R<&WT?VS
MT18UW1_5^\*MV'T<V5F2<0Z\JC;^NT$!1W`K2'#2O"&D;8B<EG5-6FL;U>"\
M%I$#_AS6EG!$G2&9*5!3`TO@'`.`<!<&VO5=J1MH\+K.7Q-TH[9XI'Y8CM[K
MH['U'L7$78@]N5('0<VC&$I<Z3I3&D@L3?)$[N@&F\Y6"@>;`PA5ZEMJ-P]$
M9K#M;^T<R,V334FDR&MJ`[0(=A%%XE-7UQ"43"8)N+7)B@PJC+2E)_@WH)&G
M4G19^=3"4?G)6&>LJ!X'`.!__]'OXX!P/.K5I4"52N7*4Z)"B3G*UBQ6<6F2
MI$J8L1RA2I4'"`20G()!D8QCS@(0XSG.<8QP$PT]KZX=EL_C6[^VAOV?5),X
M))AH-IB[(#AUOB'%%JBX?MQLE%GQM3D6-=%FH%&'V(LJXDUI@;"L1YP6<^C4
M*4P9SN"U\H\O42=;+I:6@!U_ZPN%87#1MGLS`P1FTX;+J[MJ`2=L00RQ$;2.
M0L1<@RT8;3TI0QD+4RD2<PDP!F09!O3H[-3&A4.CTYM[.VI"QG*G%T6IF]"F
M*+`(PPU0K5F$IR2P%@R+(A"QC&,9SG],<"B%H=J/7?3TH)@TTVXI\^=*$:)>
M3!8&]J;9FXTKDN&VMP\1"J4,TD>#%Z\'HD%Y38,-,R'`0YR(/B%%-U;\UNWU
MI21UNR]>6^>XZ9M_Y.MK`@>O#SK6_5K9B1<0E:IS3]U[4JZ'D%>3^!R1*28)
MT9DJTQ,:D$$Y.K3!/($$%1/<3M\T\35W`=VZZUZAU(61/FJNJTW=ORW"[`D-
M3KW9B*;ZYK;;V-Z[P:$0>03JSIV<2UI9RV*(E$&_(1X<C3UIR/"\&>.NO/9#
M/'H)DN[&('4\1&Z'J5+)JYI9#([,LMZ)6^D,[:CGVR]I[3L25&[M*I`:\8%%
MS5F5J8?L%:(DSR<"DW5GJ`QM,;W$UVLJW;]M6*:@[^VI3E5-:Z\K2B4524\Z
MU)4-YUU"'R$5_(X;#GXF-1[8+"%P+.0C0."Y'D\*<DG):8H'%"K;6^F(:B5J
M(13-90."NSQ)$+BY,4-BL:B;]-51J*02$IS<$Z-`SO4M6O(R5BSU"U"\U5D!
MHS!&9QD)"@\W@,^8PO%;2^'S2-)5`VD#K!W]ED;&G5(B2!&-@5S"K6("5"0@
M\K(B<"P(L`P^.,8SC@;AP#@'`.`<!86S/6)"K5M7.T.LMP6%HEN06VGH%M\T
M(VQ95';6+R):-O;]GZ/DK<HKG8UE:#G-48F^8+3NZ8PW&2'$GTB<`"F5I=H.
MVW5\0G/[7Z<K2>T`:\`:6O>/4.5,;,F$-U>&E$RDV-J#:4N36<R*$Q3P(*HZ
M(/,Q,-]B:,E#G`L8X&>4?D3:(VBKCM?:()[1[!MBIQ&<R.'T11<*=X>Z)B35
M;8W)CK(F=SHZ^B]=-2=>Z`"XG&#7*VLH`C3TF`B)]4,"Q:==F?81;FNET]DL
MBI#4VB]:-@ZVVFJ;2/7#`K9LI[LVL5Q,B@&-B-E7U4*+&?1Y&DQDU)#&OX]Z
M3*U!8S4XRTZC@=!7`.`<`X!P(ONNF:UV)J.QZ+N*+HYI5ML0]\@L[BZXQ2G)
M>(Y(4)J!P3@6(CDS@W+`%F^HG5)C2E*10`!Q)@#0`'@%O=3DUL(:7=K7:06-
M+KHJ[3+<65:VT-;=AN"F16(^0)DKBMYHY02;SE06`RP7VF)9-%L6$\*,F.2@
MMM`!<88J+,,&#<>!_]+OXX!P%6]OUV0RH=8(M'K/L<RH:?OJZXC3%YV2DPZX
M=(S0'U6>6U?1#,H80J7YN=);3U3O;"6L0I5BU"%U$H3EA.+`<4$%L/9IL]LT
MQ15BZT^M:[%+"\1]C=&/8'>MF4:9ZL,D)7-K0X1MWA[3A-+;LMAK<V=1DE(4
MP1I*B`6,E22J4)<"X"\-]*`[4MFME]3M#KKWX:T\#VQL25W#;]7Z34@QU2EH
M?5C5Q7$YD[3QYN*PE5H6LND#];TIA\>CJD\;8SB>,>90B<\'#3H`<4=TW:*2
MTQM<;^A]J;>21&H^0<'S;C8.[KW:I`[YP4`3NXU1+)T.AVY0(M*0'T&J*-R(
M/MRA!(",&!<"_-44=2E#,2B+4;3]6TS&5:K"Y7':HK^)UVQ*EN`>GA8H:(@T
ML[><JP7GR^H(O(_#]/'PX$I<#1[+K2O[DK^855:L/C]@5Q8$?<HK-(7*FU.[
MQ^21]W3C2N#6Z-ZH`R3TYY(_TS^@@"Q@8,A&$(L`H&@=@CNMJR9#HKN98SYB
MDD$7L.U=#-I++="'-#)-<:HBB"2S[7BUYED8W<ZY-9V,!YR5R="\G2J'!3J,
M'G."-9@T$;UQ<5O5/<$N[#-Q;1V1H7K![9;Q<;/K5_HFVWBLW+5PA[1L%7:V
MVIL^RQEG-<&:"[9T/"HT:7(FY<6IC"A$C`K&08<8>$+E[86-T%=>46?;FVEN
M21=CTW=ILP1E;5ML;3D]A%CI%[['I"XM#B#7BV;C4UG&8ZR1X:KT790SI/8%
M+"22#P^X(+$%(NG>RMU=J;.W4.UEVRT@ZL%MM7@IE;AUT+=9GB?7I2`HQ`(+
M`6^PV^BYY-Z1:FA9*85&6#+HXM1+DQN*HS(S24)Q92`@'\,FGO<O'W%@>S>Y
MNL9T<V"<,OD2FG6%5:"#2DLXQ-EM+%F"7]%9VP'("@FX,,(>S@GB&'/IEX!G
M`PW2.=A5C:]VQ!=?.RZL8S1<AMF5-\(HO:NJECZ_:875-'"*'R<NNE4LE029
M30ELFY:74A`P2W&$[Z!K-/;7%3D7H`"0;_[@NL/6)#[RX=W*$;50E'M"8Q"9
M>"X9\L5!>P1LU,WUO3J:>S]Q4)GL>4YP"&TP1`BS<F8"$DT0`A*/=S]772HR
METTT][!=RTJTX#4Q3RO-8GNF:75R-2R%O29J>;=VW>->HU&TI!1Y6%JH[`PI
M0&EC"`[!Z7"@/.GN?O,N)W:_H^E>DVF42,"Z8='+:;9*6;,3XH&`*@,RDN`:
MQL4.AQ"X1^"1J$(9HJ(R5D?E7A'X!X&2C^A?818ZA"Y;6=MUQ^P.4.9[U5^E
M]*4UK##L(ERHE01'F^Q'QAMJ[\HTQ9&"!+RWQ$Z>@+/MSDIPAGF!OU<]+?6?
M7DW,M%=K"PW3:BHG_D;,VGF5D;:3)P=#%S>ZJI()PV1F%GIFR3*W=M+596H"
M$9Q1PC/1R4`P8!!879KK[TFW(C+;$MF=8J?MML8V]H:8VN?HDA0RN)-+"K,7
M-+3#)VP8:)O#6M&><;C"=K<$A(BCC2A!$6:8`04P<^KF^:@1+#-#^SO<.@,$
M^Y/8ZJOYTBV\5$),X586I6$AOV(9G^ZX_'S_`"X2G?'3<HXI/_<(\A^3C#PQ
M;;9'>I0`%*&PM:M-.PJ,MOUMH:I5K_=+UI_=3V6-W;DDAF$CKF\&:;TV>L(9
MW(:G+>@EC.4,QM49*%C*A*FP$@.7<3K]5ZC"+;JC]S](3<.!+/F0;!ZP3YZJ
M<QWRI<$JM.5L!KT5>E"DM[>%J4*C5ZN2)$06T&%HC<)18,X%XZ(VTU;VB;#7
MC6[8RC[X0)DZ52O,J2TH5/SV@"PKUB"GQ%&'IR7,2SR^.!IUA9!Y0PB`,`1!
M%C`6#X$6W%=].:\P1TL^][2@-/5TR"3`=IO9$K98=&$!BU22C1E*'A]6(D0#
ME2I0`LL'G\PQBQC&,\!1,NW:VC[$VA-7W5''7*N:;FA*Q)*.SN\J_D3-7$>B
MV5C]'W1QU&J>5H&%]V#GH5K6+XYZ6!11!&;@`QC6A,\209GJ/JC4NE=$Q&@:
M;1NV8Y&Q.+J^RN5+RWRPK-G<B6&.TUM*T)5A,D42^QIT^'F+71Q.`$1IH\`+
M"606446%E>!__]/OXX!P$Z=VE).%IZO5O8*>OI1<[#K3L/"+BLZBHHRAD3G<
M]#2:)6!KML?`T[(0S/KZO6+]?;UDXR,-"8QYP(O/L/(M]`XH(&8^MFQZ)KU[
ML_KP[D=B:&I%O2GRAHA6R3A`=V]4Z]A4(;5"&2QQK.NM2UV+74-9LLZS*\9,
MR(RS*2SQ'`R(@1>`0GJGVL;C0'9EJV.G.P779MM<^^%@5_J_1U1RZ27A56P#
M7247F$L:J26M5?T/#=C('K7!]AI`_P#VO&)8E]\>8[$*U2LQ`!/[4-D[%_RI
MNP75.^Y9K.9H_KYKK.JZ?#H[8*J0VV];C.RAM4FGI$4XKQ/`_P".+,UIUB9R
M;ES8GDH`&*//@D].`PPTE*$I2[\K_:2-T?#'9/UFMO[U$--LQ^X4<POQD@R2
M`V7K>"N&J^@/-&#12"X*[;6N:SD#6TL<J6-KTX*E!"=*8N5%F$F!7*+_`)+>
MREFEN$QNK<ZC].(0Y&$GIXO1VH%<[$3F/LXE1^1(&MSGFZZL]3,$Z)H7D+%"
MN-+2RUA9!Q#,<0L3$Y"=89V&UQL#6BJ>(]]_R.-RCV!4VNA*#3[42MZ$A-DJ
MGU8-D=(LA>J5UW2N#`2P."X]&MR*8-N"52;/Q9AIY2?/`6%=-8Z7;=1Z0SO?
M_;#>O3Y&Y578*S6G5B[&;M4V6DA=LE)Y2GJNV=AKROBC9K6KBUQ!))BDBMK@
M"%$C3(<B"-Z49,4FJ0:;UKS7\6:V]<Z/FE[1W2Z#;*(Z%C]=6_"=H)M+7AKC
MS]%_6C4D,@:78&7R*%M["]O<54.T:&UF`=T#(YIP""D-4FI\AK>SG3;TH;,Y
M^!ZU>TW3+7R22*;-L\;=>%=N:T;84\[6$ZL[K"0*XW"YW,WRVH&Y2M-*PI3F
M](Z+V/W29MR0R%J6]`-.%#,_BP=G;R[5[*(CM745[IJV)2IZCN6(;@6+$,0R
M"-#>L&PU]7X5]!64^Q`3<MP2<B/0/9C4A`K&`I)YA&JA!=U-^/Y^0K*4KT+/
M<G;E2Q=8G<11NLGK?+<&W5K6E-4!,:8W)9/'(;5$55EIT)V2%2M`R@($<1YR
MD>"S<%DA'M3=+5L4NA62#N5T1W=[8GQW=A)4UA4+O2_7/'(BF1-JSXU4CI8R
M7T+>Y:[$?]9,8O,>'].)0E((3D(QJ2P'!@K7V)_%GIB,3M7".M?8]AV9HIP9
MAIJ>5->V&M5OPV5(G1,-N=)3<+7:'K5%\&:(*L]U5..%X"@8R44>+P!P'"=,
M_;1H966I;-6NR';I35HVPHF4SFA:*X;+F[.EI&'2%0C4QK7N,6SL@Q0R?6U'
M:O3%#(3OKXK<'!<:>:`@_*`E&22#FFSM>ZN7@:0IM[(=#E2A<(($B,&W5`@7
MGF#SX`*"WFS\"W!PL_\`@&2\"S_ZX$U-FYFG[V)(!FVMUL=QKTY:M"!LO2KU
MXEB4UP;&DI2D"DE)N5"<UU>D:8(P>(1*%9)>,^<T&!!YR=U]-%+J!A3[;:R*
M'PUPPTELQ-]56:ZF.HO1\K8!N!*Q+!N&?<E^!.`>I_<#^G]6/$-1?>Q?KXBY
M99TFWLTVCI1R$IS)-?=GJ2:"S6T\HP\AP+&X3=.$:$XDH0P'8SDL00YSC/AC
M/`KC9/>1U"50E,62KL1U<<"RG`ML,(KNRFNWW`*HPL9N,Y:ZEQ-W+V8,%YP-
M3Z7MBQ^`!C"/.`Y".F3\@+JQF:\+/6=UVU<#XH:5CTVLU1:;;HV,L>4*/_[-
M:3HQK\O;59)@?Z@G^N%-@OP&(P(!`$(-B7=L[PXM(U]:=8':U8:LPM"H;DB_
M55#4)"]*H4MY:HT2JZK#@"A`8C3K1CP4>G`8:(@6`X]/^[@%?;(Z>7_M0_)Y
MC5_0+0NMMKG$O2IBV3E^]D5UMM:-+G,]4ZEKWX77\<?/WI<YN:@XQ62;*#PX
M&I_N^KZAX`!NU?\`67^0=$JUF3(Q]XD?K]0K>'QRK^L7O7QKVG+C+0\N7RZ2
M)..U6Q`'6_G-/'0N![>0O<$KVM,2HR#,C",T02`KE6U%5;J?)OWH[K^N'8V\
M+.KU+E4JW^D5K6%V@:\B3+WEU/?)-FJ0&GO>NL9:T2U&,\O-:-[8`\H[VI21
M,G1@,#K$J"ZZ>V"@K79]%6G7MQUR]B.+:IS6,P8)Q%5QZ;R85I"7V-KW%NRN
M1#'@*@C)F#B!_P!)@0BQG'`D[@0S;-T-=2OE(,"Z+2Z5KKSN)%3K(7$$"1R-
MCJY7`I_8*J720A2N1&)X:QL]>J?D%)/K&I@F@,],0<"X'__4[^.!7J]ML]9]
M8P,(;]O*M:M<Y:=[6%Q>42AN3SB>K,*"4HF^OH"G-4S6?.19QX?.F9T"T\`?
M$0@8"$6<!753MQL=;12M%J?I/:"LHU.;EKMO<Q2JT_J02D(5F,$FP-^8IEM\
M)06>C\@@*ZQ;$IF#R1EJQ`R8(L$V[.4EN1MQ?T8ZOP;(1^$5Q(V./W)O/46G
M5;MM1Z^TYJS,)$Z"G%1S:XGDN3719]W[;R0YS*1MJ!3"`GLACD]NJ(U&H"F5
M!7:O-*-..TK8-TJ76ISJGKEUGZ_;.M*EX`RZJB@M4]F-N6C&&EVKVY)P[2%<
MW'650U/*$IZ-$$IX;G>031.0<>[X2@$E"4#;-4.@C2+6)573H^K;0V.=:LD@
MYM%"+N<81],/L%(ME)T:M6<5O64%KJ#VW<D21S)Q+;Y=,44@D"0Y8>H3JB31
MAR6$WU/TN=<E.[@6UO5&]>F-\V-N*82BP7J56$N76(U16=S>2_<)?,ZVC4P,
M=F>`RQ^D8SE`W)O+*7)2U2A,E-3I%!R<87I*URUZ)L%ZMHFB*9*M22!+!(K,
M*J^$%V"_A).;%!07J9A8\2-U"4>R(QAP>I,P$:0G./U*!D(3-P#@)!H2E:;I
M?NLWFA[)6T32E[0ZF:][A!RO;XDJ]K:2:S;EI+8-^B+7DL;RS)[*0-T&6R48
M2P$N3TG]T>(9Q_F$%[Y'UP=>,P3EI);H9IA*4A*@M62ED>KE'O:<I42E]D2I
M+(<X,J+`H*1_V0CQC`@E?T8SY?TX%<G_`*,NHJ0N![L/0'7F..9S28S!7UY%
MU56JT24UM.:C%+2?6KE$S&5Z$C4#_P"129(<,&Y];!WJXP/`:^IZ3]46I?)W
M*H;>WYUQ52PX\]Q#0W8'ME$$*<2M2!:K*;6EVM&2-*)*<N\YH2<$9)3B-$$@
M)0,%@`$&V5TP;&R=D<(3!.[SM'B=?2(M>EE+1+YW6<_F1[<L">:6@C%IM<#K
M^<10LE8;C`S`J%1QR/&4XA>&?4P"N(/^+!*M;BG`%,3[0C9M.L=!O)A&]^D[
MC,)*J,<'-G7/+,">Q"U5F&MK-*;32TQWPBM4F`K."$6,BP,(3H+J7MF,#$1*
M>CCHIN)&F^,=/>U'9%CU.X+RVIP..<6I,UV'K2]%$OCT24G$D(/<_BB\>J2K
M5FECX'Q>],:F@SHO<'W\4:NI02Y.2!*Y.M56UHW/&D64S8E`:OCD1DDTACHT
M-IJS*@!80-K?@\!0#E6"3C<%A"1Y+K7ITYL9:J-?BN2YUE);+'`A;'2K.L:N
M8P%P,RA3*$*B0(-HE[T<%L).6>Y7!8SCE1Z8H9@,EGA4EA#DDZH[AV.#8\7@
M?2'U!Z!1MR$M:V:T+P%#-@K3P)R6%A3S&"UQK[`4]?M(F=G.68RV.4@2$B7&
MI1`\Q2;/F!HNB?0QURZ3T##:=<-=*/V7FL?42%SD-^;`T)3DUM25.TH4C.<B
ML/+K$'%8Q1=$CR6A0-1*@PI,B)"$PP\X9QYH-$@E!T55K,MCE94M4M<QYR5%
MKG%B@E<PZ(LR]:2B*;"EBUKC[,WHE2HIN(`G"8,`AA(`$O&?+C&.!+7`.`<`
MX!P%+7]T^:_S^>NMZ:OSRUNNW9=]<E;S++JTM=VBL2[;<5CAAV.#L'5WQ*NL
M[S0F.XSEH_FFX2T:U2:<)3D9@_,&3B\,[H8H[)(>[W?U\6U!A/BY*HNJ3U!>
M%?V\AC"M8J6)7@^H89-7"L)+)&A(,M"6@*?&)(H\,*S%.!!$F."RM"ZF`KB4
MK+CNJRWK9G9)P"\H"+BF[`T,*&NHH\*Q&GU[0M>-AJ]CIB$K4Y2<+J%">H=Y
M&<E(,>'!?A*A+2!__]7K3O\`3W]MK9DPUXU[O^1:PUK3#LQL>R=Q0.-@S=JZ
M=2*&16T8E5M,O$YA3_7B%M^D2UI<9*^$B4+T9+FG1)@!.-/.3!,U.::ZCZI@
M-G\1K>'M,X;6L_[1L59ZX<[O)\3#;TC>ZN4[V#LM:^62[EKDB(&#\*W?V@`X
M\H"RR_`&`K/(MW;0VR-=Z[ZMVZ%V`0C,-;IEO%:C-,1:A5X,MW&S.*&GW!K0
MM_\`+^ST/L7#RH(HXXB;,K2!`^/B0TTA"K"Y&KNK=9:FUN.`UYA\>W1]?'*:
MV?:,Y<Q26U;HLQ_,P?)K-M69J"RU\JF#Z?C`<F&>4A$D*)1I"B$:<@@L(ON[
MK3Z_]CI(.9W;IWKY/YL:X*G@^<.=9QM'-U+TL&W#.>U4Q9T3;)53X$32G]):
M8J$J(P#."S`8$/S!`B/I!ZM6Z1%2MMU/8VU^(]QA,L;K*NI`4E`LQD#@2D0)
M+));DB=U*$(M8662$M82(19^#`"$'(><WHYZMCC$!XM72P+&Q0<J1N)%S;")
MG8L\T*8(#!NR>V"G)1[$*0OV>##1A0^7_'P5XY\0W5?U(Z7*(^FC+2W;(P]I
M;F43"S)X5O)NU&"V)O`E3HD);0F;=@BD"4+0D3!+1EY)$2G#CP"#P\/`,;">
MJVMJP*=T]:;8=B</2.2-20D0G;KV_8"!@6*4AZ;+PT(;;<+!2&N!1J@2@`%P
M%B3!_@+)&0X\O`BJ3:4]I==-*M/K'VRNTH"*3.*QLCFY^M%1VV2W15:28!&R
M9L.LVZK)RX.3*(A/Z2M9A3A1YCQ&E^88/(&ZZ-:+;$5GL1<FZ^]5Y5GL-MG9
M-7P77B'/=2U>965?5)KO!GIUG1L$BS>Z.+Q(EJR;6=(E3R\'JE(PFFIDF"\!
M"6$``:_P#@'`.`<`X!P#@'`.`<`X!P#@'`.`<`X!P/_6<_N]][_E!M!_K!_V
M)_RA^+AW\MOXO_QA_BO]Y^@Q7X3[K_+W_KO\J_V5^M>T^H_YGU_XSWWZ>AP*
MYR7^&GW^M/\`;]_N.^&^06^3_8?])_@Q]Q]PU?%_>OX-_P#YZ^']UZWQ/VC_
M`(CV_K?*?U^3@=6-=?MW]%BG[2_2_P!L_@T'T;]NO@_HOUOT0_&?5/K7_7_@
M_;^'H>S_`,?R>'D_3@;IP#@'`.`<`X!P#@'`.`<`X!P#@'`.`<`X!P#@'`.`
)<`X!P#@'`__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g923929pc9.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g923929pc9.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("
M`@("`@,#`@(#`@("`P0#`P,#!`0$`@,$!`0$!`,$!`,!`@("`@("`@("`@,"
M`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`"8`OP,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`/Y_Z`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`
M"@`H`*`"@#T#X6_\CWH7_<3_`/3/J%`'G]`!0`4`%`'Z8_L]_P#!//P_\5O@
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MD//@*6)QF;_V!6H/`9K3ASU:=9R5.G"FG]:J<S@JKIX.4*D<1ST*=>"BI.@O
M:4U/IQ<L/A\GKY_AJZQV54'-QG2Y?:RI^R=?#SY5.5'_`&NE&;H>SQ%2#E2J
M*5114)S^PO$O_!)#2K75C\._!G[8WP8U[XZ*EE*_PC\2VMMX3U9(9+"/5K^4
MQ:5XP\1^(-D.D.;V%CX6`GM]DSFWB?>JLZ]2L\M7UW"86I45>K\,J-&$G252
MI3I?6(0J>WE0HU*4ZT8TY56O;3G&%.JO]WHX>68?['6Q=.+H1WIUJKFX2A2J
M5/82J4U[/$*-6%*4ISHN#I0]]TOB/X8_L/\`Q^^*WQL\:?`CP_H6EV'BCX<7
ME_9^/=>UO4I+?P5X3^QS2V]O/J.N:=9WLDZZA/&%LH+&TN[JX4R3+;BWM+N6
MUC+JD,PRBKG?/'!8##N=.K+$R4)4\32=6%;"24'4BZU"="M"M*$I8>DZ=YUU
M"=*<WF,7EN,I8"I^_P`17]G.E&C[WM*%2%.K'$KG]FX4/8UJ55NJJ=1>TA1=
M/ZS.-!_7R_\`!*[0?&6AW]O\!OVR/@9\:?B;I&FIJNI_#S1+K188X;6`+%J7
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MQ1X@^`FH?`JW\)^+A\8=/^/_`(?L=0\%7NB>%[G0Y[O7KV;2$B\.V5D=7U-=
M1\Z'Q#H+VUR+B&28WKJ]I!Y2M-K+#8E<3YGPQ2HN>*P$E[.;E"FJM/VN)I3J
M34I>SP_L7A*E3$2=6="C1E3JSQ'*Y\G/1Q%"?#&$XFJ3=.A.,Y8FG&$JOU11
MPU'$04I03G.=7FQ$*=/V,*DY82JH1G)2A3YO]K+]EO3_`-E/4_`?@S4_BEI7
MC?XFZYX93Q!\0?!^B:"UI8_#::YCLVTS2Y/$1UV[_MZXNW?4F3=8:7(MO8V]
MTT`BU&W)XI8FA/-,QP6!J?6\'E[A3>,LZ<:M>2E*=*-&2<H^SI^RJ.4I)\M>
MG&4(5%5A3[:>&JQRO"X[%Q^J8C&3G[+"WC4DJ%/25:K-22C>;C2A[*-:C.M2
MQD(XAK#*5:+]F+]C7XJ_M1MXCU;PQ<^'/!GP]\$QK-XR^)GCN^GTGPGHR(BW
MEY9VT\%K/)J6K6^D">_DB58;:VABB:_O+);RU:X])X>GAL'#,LPQ,,!ESJ./
MM)V<Y0IR@J]2E3E*G!JC&:?-6JX>E.5Z<*KG&:AP.M4J8F&`P.'EC,PJQO"C
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M@B$]T+>ST749(H<0^:Z1QO)`KM+%SY`HY[A<-CX<^$P=3!0S"K*<8RJ4,-*G
M3G9PC-1G6<JE.A3IJK&$Z]2$)5:=-NK'JSR^2UL9A[+$U<-B_J=.S]G&I6EB
M5A:<I2:FZ=)SDIU)*-2<*:E*-.I)*$OT$\2_\$FDU"^UGPO\"?VLO@M\7_B3
MX5;5&\7?#B\DL?"?B70X=)9K2XADL]`\6>+[FVU0:R;?3G@U>UT:WAFN%$]Y
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M1=&ES58JI4IU*U'V<X4^>HJ2_/>NLY0H`*`/0/A;_P`CWH7_`'$__3/J%`'G
M]`!0`4`%`']%/[07@#]F_P`/?LN?L9?`']H+X^W'P3TG0M`T3XA:SH>A?#?Q
M1XN\0>,IWT9$UV.TU#P[:7]KX.G74O$VN*M[J6G:FLT\YD2WD%I,K=>?O!KC
MC%0G.6+?#."E@%A(WIRJTU[+`X7$SK/W(JI/)9\U&FH3<95H^VH<].HN3(98
MJ/",*U*DL/\`ZPXM8U5IOGY$Y5,;5PDZ<)0G4<*>98:/.YQIQG0IN,*JARPX
MOX:?'SPQ^V3^VW^RYX!^%_A74/#_`,"/V9M#UO6/#5MXG$)U_57\/>%[2SM-
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MM&MA_GB;QWXGTO\`X)6?%_XV6LT__"Q_VEOBWX@O/B3XDTVV^R-##XC\='PU
MJ=I&ULP-AH+Z%I$NEQ6Y8QQ_\)#/&HS<<[<1X*EEN7>'O#=)SJ8&;A4KR?+&
M>(KRIYGFTL3B'3C"+K5:V"P=/$SC&,<1"A&E*$:,_9++(\95Q6;\8Y[5Y(XW
M+J6'H8113A##4*.'RS!X6G2L_:7P2S#$8C#5IU)8B.(]G5J5JOL[/Q7_`((_
M^"]3MOC1X]^..JSKH7PT^%/PV\0Q>*/$M_,;+28KO5TMKE+.>ZE40M':Z1IF
MIZE<%G40)9V[R$>='O\`=6)I91P[GN:8IM4<13A@J-.*3J5JE/$8;'5?91;7
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ME3Q6+:E5PZQ'/_\`!8/4O%UAXM^"WA#1&TZP_9Y;P##XD^&6D>&K%],\/2ZV
M\\]MK5Q=112_9M0U*WTRYTF2VD2&$6]GKQ5$$EU=2W/BTZ->AQ%G&#S",H8S
M*J6$PF%HM>YALOA25!4J;UC&:Q>#KT*E.FXQAA\)@(>SC"%*4_45>EB>'LOQ
MV!DJF%S3$5\5BJMI>UK8RI_M$*U1N*_=U:&+=6FZG[^KBJF8SJ\R4.7Z:^`O
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M':'PW#;_`#1Q.E='%R4^*<BRR5I9?@<N5:A%)*E.OAL/EGL:RBKQ:K2QV-S!
M0O)/$5/K2<JE*-5<W"Z<,DXBS"FN?'U\=6HU9_;I866+Q6$G47)R^SY*."P.
M62J-<DJ->5&LIU<2I/\`(?X/_"SQ1\;/B;X,^%?@VW$_B'QGK4&E6C,,P6-N
M%>YU/5KOYEQ8Z=I=O>WTY!W>39R;06P#W9=@OKN)5*53ZOAJ,95<17Y'-4,/
M3UJ5'&\5*6JITJ;G#VU>=*A&2G5B<>/Q;P6$JUX4_;UERPHTN;D]M7JR5*A1
M<U&?LU4JSA"55Q<:46ZDUR1DS^KS2?V9_BGX`^(_[*NA?"[4OA]HW[-O[/6B
M:TFN:'>:CKMIXZ\9>+/$?AKQ!X>U7Q+/I5GX6GTJ6Y6356OT>35X))+G6M7>
M0X>-21QKKYYG69XVGR8/$Y;+*\MP]*<JDL'AHRP>(I<\I^R567M<OP6%E*2G
M.&&H3Q$9RKXJO29+">QR3!Y=AI^US!X_#YACL757L_;U*51PG"$(.I:G]7J5
MW"$WR*4L-0C&G#`T:\OA+]F+X3VWA+_@I_\`M;^,M:6&'0/A9I_CCQR;V\VD
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MB_9GT_5O@)_P3*_:B^(?C\7&B:?\;H)_#OPUT756FM9=:;6=!?PI9:UIFGW`
MB,L=_-JEW<++"6,]CX:-R,V\2.VG%<E3R#AO)79X_&YI'&QIK2<,/4KY=5?M
M%*SA-83*L1BX)Q<)4*^$G"4OK"BL.%E)\29SG%-_[)E^`C2YY?PGB,'#,6K-
M/WH2Q>/PV"FTU+ZQ&K0?).DV?B/3`*`"@#T#X6_\CWH7_<3_`/3/J%`'G]`!
M0`4`6;.X^Q7EI=^1!=?9+F"X^S72N]K<>1*LOD7*1R(SP2;=CJKH2K$!@>1U
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MLFG*490V/V<OVP/B=^S)J'Q&O_!6D^"_$?\`PM+2HM)\56?CK3]>U2SDBBGU
M"87-JFB^)-)E2\;^U+Y&>>6X4K<,-F?FKFJTJ=7(,7PTXJ.6XN$8-1TJ4H0P
MU?"\M%ZTX*5*O[_[MW=*CM&'*^Z>(JU,_I<1N7+F%"I7JI))474KXFABI-PM
M?W:F'AR)3249334FTX]#^S[^W/\`&+]G?P/XI^&&B:/\._B%\,_%LEU+?_#_
M`.+'AJ^\5^%[634(A!JZV5G9ZYILK6>HVZ11W5C>3W=G)Y9D%NLTTTDW56K/
M$X/#X+%4J>)IX24'0E4@G.DJ=6>(48VM!Q^LS6(CSPE*E6A&="5+FJJIRPI*
MAC:^-PLI82>)C.-6G2DU3J<\%2YI*3E/FC03P[E[1.K0:IXCVRIT?97?C!^W
MO\:OBQ\-;/X-Z?HWPR^#'PI@%TM_X`^!W@Y_`OAW7%NK\:FT6IP3ZMJ4T5F+
M]KFX>ST^>QM;J6\EEO8+F01/%Q8N@L=5HU<=5JXN.%>'=&E5FW2ISPBFJ$N7
M253V2E3=*G6E4HT*F&PU;#TJ5>C&J=6'K?4X5EA:=/#U,1[15JL(VJU(U84J
M<HN3;4?W=+V;G34*LZ-2K0JU*E"?LUQGQ1_:Y^)'Q.^#?P]^`7]A^!OA_P#"
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M^9X>B_:?VM.4J]6K[U6SQ%/$1A%QY8QA3]C0HT[Q<HT*%.#DWSRG\S4`?>'P
M=_X*&_&KX1?"%O@5/X5^$7Q8^&223+9>&_C%X-U#Q;9V&G7%Z=4ET1+>P\1Z
M7!J&D#56DO4AU.&^:&5P(9(XHXXH]\;6_M"&&CC*-*O/">R4*LX)SY</"E##
M1E?W&\+&DE0J*"K13Y95)0A1C3QPE%8&IB)X2I.A'$>T<J<)<M-2K>T6)E!1
M2E'ZTJDOK$.;V523E4]FJE;$3J[NE?\`!2KXW:'\1A\2](\"?`_3-4TOX<1?
M"OP+H6G>!]9TSPG\,/"2W"7EU;^`]%T[Q;!]AN+N\@MI96U&;4XU6UCM[>*"
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M#DA.-3]Y#EARPDDXQ221]EZG_P`%(_C?J.I_'[65\(?"33=5_:,\+:-X1\<Z
MAIN@>+K>ZT[3-"\*ZEX0L9O#$DOCJ4V=^-,U2YD,M_\`VD!.L;(B1IY1\ZK@
MZ=;**^23E/ZE7S"OF,TFN;VN(C@HU:.L7!8>:P,7*')SR>(Q+E4;J1]GVT<9
M5H9IE>;+EGB<GPU/"X6$TW2A&GC,3CO:<J:;J3K8A>T]Y4Y0PV&C[-.-1U?'
MOA3^UO\`$?X0_!/XL?`/0=$\$:QX'^,$>H)XBE\2:;KUWK>ERZCHL>AW%UX=
MNM,\2V%K9W(MK>UE1KNRO@LUI$VTJ"C=6/\`^%'+<)E>(]VA@<5'%TIQ_BJ<
M*^$Q$8-RYX>RC5P<)J"@M:M=\UYIQY<#_L&8U\SI>]5Q&&6$G3G_``G24,73
MEI#DJ*4X8RK&4E4NE&GR<KBW+Z!L/^"G'Q0M_"?PU\':O\!_V5_&&F?"/2=#
MTKP%<^-?AEXE\2ZEX?/AZPT_3K'5--N;_P"()73-8,>EV,CW5A%:$R0(R*@1
M%3JQ>,J8S-ZV>2C"AF5:K4K1JT4X3HNI55;DHU&Y5:<(U(P<%[1M.$&Y.45(
MY<+A887+5E//.O@Y12JPK-36)GRU%*KB(*,:52K4]K6<W[-)NM548QC-Q/FS
M]HG]K3XX_M1:S!J/Q7\6&[TK3;JXN?#_`(,T2V71O!GALSO,<:9H\+N]U=1Q
M3R0+J.J7&HZB8"(9+QXU"CRJ.#I4JWUF<IXC%<LJ:JU6G*%.<^=TZ<8QA2I1
M;C34_94X2K*C1==U9TXS7IU,54G16&A&-##J4)NG332G4A3C2]I4E)RJ3EI.
M<8RFZ=&5:O\`5X4859P?S;76<P4`%`'H'PM_Y'O0O^XG_P"F?4*`//Z`"@`H
M`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@#T#X6_P#(]Z%_
+W$__`$SZA0!__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g923929snap3.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g923929snap3.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`!H`U@,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`.F^)=WK?A2"VO-/UR[VW$S*R.00."1BNFC%2=F859-&EX9T
MC7==\-V6J3^*[^.2YCWA4"@#GZ4JDH)VL.";5SG?$NO^+_`&K0+<:H-2L9AE
M1+&,D`\@UI",)QT1+E*+/7=*OEU/2;6]12JSQAP#VS7+)<KL;Q=U<N5(S)UO
M3)]0A'V?4;FS>,$@PMC<<=ZJ+2>I$O(\D\":UXC\4>(YM.O->NDBAC9R8\`D
M@XKJJQC&-[&,)-NQ[9;1&"VCB:1Y2HP7<Y)^M<9TDM`&;J^G2ZE"D<.H7-DR
M'.Z!L$_6FMQ/8\+L?B)XATKQ$C:AJ$MS8Q3M%(K`890<$_45VNBN70Y5-J5F
M>_VMS%=VL=Q"X>.10RD=P:X9*SLSJ3NB4D`9-""]CPSQ_P#$C54U^2WT2\>W
ML[3=&9$&1*XZ_E792I76IA5GJK'JOABQNXK""[N]3N;N2>)6992-JDC/%<LK
M7T-HWL;XXJ1B.RHA9B`HY)-):@]#S'4/B!JFNZ^VA>#X(VD4D27DJY5<<$@>
ME=*@HJ\C._-HC=M_!VJ21AM1\5:E),>HAD\M0?8"H<DMD+E*&M>%O$&EZ?/>
M:/XIU!GA0OY4Y\P-CM34T]&@<&EH=1X5GO;KPU87&H,6NY(PSY7;S]*SE:^A
MI&]M39J2B&[NH;*UEN9Y!'%$I9F/8"A*[LA-V/-;;Q?K_CC5IK/PT$L=/A.)
M+R1=S'Z"M^506IC=R>AT(\%7;Q?Z1XGU9Y>[+-M&?8"L^>VR+Y#F/$*^-/!,
M1U*TU:35=-C_`-8ER`60>Y]*VCR2T:,Y*2U.M\%^,K3Q?IC31IY-S#A9H<_=
M/M[5G4IN+-(2N<G\<?\`D!Z9_P!?)_\`036F&W9%;8V/"^KWFF>!="6WT>YO
ME>U!W08^4^AK.:7,RH7448.L>%O$GQ`URWGU2T&EZ9;\*C-F0CO^=:*<8*R)
MY7)GJMG;1V5E#;0KMCB0(H]A7.W=W-DK*Q/2&,?[C?2CJA'A7P?_`.1ZO_\`
MKBW_`*%7=B/@1RT?B9[P*X3K"@!#0(\1TSPJOB?P9KBQJ/MMOJ4TD+=SZK^-
M=KJ<LHKR,%&]V:'PD\5NA?PSJ#%98B3!O/(QU7\*FO#3F04Y_9.N\=ZY<6EK
M!H^EG=JNI-Y40'\`/5_PK"E'JS2;OHCRWXI:%;^'-.T#3+<9$<,I=^[N2N6-
M=E"7-S'/-6:/==&_Y`MC_P!<4_E7!+=G6MB]20SF/B!>36'@;59X"1((2`1V
MSQ5TE>:,ZKM$XCX&PP"RU>4*//$B+GOMP?ZUOB=&D9T%U/7!UQ7)<WL*1D8-
M,8BX'`&*`'4`<#\7KF6#P-(L1(669$?'IR?Z5O02<C&KL0?!I(5\&%HP-[3O
MOQ]>*,0[2L%+8]$SVKGO8V(+JVBO+.:VF4-%*A1@>X-5%V=Q2U31\]?#26YL
MO$M]%:[B!;LI`[X=0#7H5$G!,Y:?Q-'9_'">/^R-+B#J6-P3C/;::Y\,K-EU
MFK'8_#R5)/`.CA74E8-I`/0@UE57OLVI_"CIZR96PX=*8!0!#<2I##([L%`4
MG)..U-)MJQ-['A/P@F1/'-YN=5WPOC)QGYJ[:_P(YJ6DCWL'(XKA.L6@!DCK
M&I9V"@=R:!-V/._A1/')INLJKJ3_`&C*<9['&#7177PM=C.F]T<Q\4/#LN@Z
MW!XITS,2,X,A4?<?L?H:THR4X\LC.I%Q?-$ZWP%I]YJL\OB[65`O+I=EM'VB
MC'I]:QJ/E?)$TIZ^\SC_`(Z2H^H:5&C`LL$I(!Z9*XK?#:)W,JVZ9Z_H,T<N
MA6#(ZL/(3H<]JY))ILZ(M6-&I**>JZ?#JNEW%C<#]U.A1OQ%5%\KN3)<RL>%
MZ:^K_";Q1(;VUDETR?Y&D7)61<_*P_VAZ?6NM\M2.^IS)N#/8]'\7:%K,"RV
M>IV[9'*,X##V(-<LJ<ET-XS75EV\US2K"(R76HVT*`9)>4"ER2[%*2>S)]/O
MK?4K..[M7WP2#*-@C(]:FUBBR>E`&)XKT%/$?ARZTQCM9QF-O1ATITI\LB9Q
MNCR+P/XBG^'^MSZ+K\4EO;S-G<PX1O[P]C7742GJC"GS1>J/;K6_L[Z!9[6Y
MBFB/(9&!%<<HM=#HNCE_&/C6UT:RDLK"07>L7`*06\/SN&/`)`[5I3@TU<F3
M5G8S?AGX%F\.:?+>ZDH_M"[`!3.?+0=!GN>YJZE2[LMB:4;:LSSI&FW.I7C3
MZ=:RMYK<O"K'J?44XMDR2-#PUI]E9^*H1:V<$'[H_P"KC"_RJ9&T=CT1?NBL
M&,6A`%,#C?'%M;W,E@MQ!'*NX\.H8?K51;3(D<Q?Z'I$4#-'I5FA`&"L"C'Z
M5M*3MN9Q6IZ7HRJFCVBJH4",8`&*YS<O4`<GXYMX;BWL$GA25?./#J".GO3C
MN)['.6^CZ9:ZC8O;Z=:POYB_-'"JG]!70V[&26IV/BR&*;PS?)+&DB&/[K*"
M.M8(T9<B15T6-%4!!;@;0./NTGN(\YMM$TF:(M+I=F['.2T"DGGZ5O%NQ$DC
M=\%6=K::G="VMHH1M`Q&@7U]*B3*BCNAUK(T%H`KW%O#<VSQ7$*2QG(*NH8'
M\#51;3T)DKH\`\9:980:W,D-C;QJ#P$B4#^5:W9ERHWOA_HVESW<+3:;:2'U
M:%3_`$HNRH))GLL:+'A$4*BC`4#`%8LU)*CH`UN$-.(&+XFL+.]T:47=I#/M
M7CS8PV/SK6+LP>Q\^W=O!;ZLT<,,<<>[&U%`'Y"KYF96/;_`6FV-MHB3065O
4%*WWG2)58_4@5$FQI'6]ZS-#_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g923929snap4.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g923929snap4.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`"8`O`,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`/G^@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`
MH`*`"@`H`*`"@`H`*`"@#TKPS\*;76/!<7B?5O%%OHMG+*T:>=!N!P<?>W#J
M0?RJIQ4.5-ZLF+<N:RV(/$OPEU#P_KVAV,.HPWUIK,BQV]U$F!DD=5R>S`\'
MFE3BY5?92T?^0Y-*E[1:K^K?>=*?@/8OJTVC6_CNRDU>)-QM&MMK]`>?G)'!
M':I5VFXZV*?NM<VESC?#7POUSQ'XEU#2`8K5-,D9+RZD/[N,@D<>IX./Z4X6
ME3]HW9"FG"?)NSJX_@KI.L6EROA?QQ9ZKJ-JA:2`1`!CVP0QP.V<$4I-J/.E
MH-6YN63LSF/"OPWE\4^&==U*#41#?:1N+6)AW,^%)^]NXR0PZ'I3FU&DJJU7
M]?IJ$4W5]D]&2V?PS">!H?%.NZTFE0W,JI:P-!YCR@G`;[PP.I^@S5RA:<:?
M5_@0I<T922T7]?\``)=?^$>IZ3XYTSPS970OSJ$8DCN!%L55R=Q(R>`!GKWJ
M::YYRB]+?E_6@YOE@IK6YSWC?PS:>$?$<NC6VKC4W@4>=(L/EA'_`+OWCG`Q
M_*LXRYKVV-)1Y4K[G0>#_A1=>(=!D\0:MJUOH>BK]VYN%W%^<9`R.,\9)ZUM
M)*"3D]S*+<FU'H9OC?P7IWAB*PNM)\26NMV=Z7"-"`&0KC@@$^OM]*R7-S\E
MC2R<7)/8Z+4O@GJ&E?#Z3Q-<ZFJW,5NMQ)8>1R@)'!;=U`.>G8BJK?NG;?6Q
M-']XK[;O^O4Q/A_\._\`A-[?5;J?5X]+L]-17DFDBWCG)/\`$,8"DU;BHT^=
MOK8E-RGR+<TO$WPF72/![^)]&\26FMZ=$P65H8]FWG;Q\S`X)&>E92;@U=;F
MD%SW2W1;L?@_I_\`PB^E:UK?C.TT<:E&'CCGM^.>0-Q<9XP>E:SCR3Y.IG!N
M4>:VA@>/?AKJ'@5;2Z>\@U#3;OB&ZAX!.,X(YQD<C!.:RNU+DDK,TLG'FB]#
MB:HD*`"@`H`*`"@`H`*`/I#7;'PEI_PJ\(Z!XMU:XTV/RUN@EO$SM*P7+`X4
MXYDJZ_+]8[\NGZ?H30O[%M;2_P"'*N@^*K/X@?%KP[9:/;/#H?A^"1X1(,,^
M%"@X[#[N*=/F<JE:>]OS?_#BG:-.%&&UU^&O]>IOVU_X<D?QAXY\,6$MUXAT
M_P`R*;[8Y"_*,$H`2,87CN<8XK#F<*"E#:7]?K<VY5.OR2W7_#?\`Y,WUU;_
M`+-FHZO$Y^W:Q>.]W*HP3NEVM^&!C\:O$Q4%2I+;3\F_S%2DY3J5'O\`\,OP
MN4/V?[!["[UOQ5>$PZ;9VC1F5N%8Y#'\@OZBM)R]GAY-]?TO_F9*+J5HQ70T
M?@S'-I\VO^-]6N$LM#O&,060?ZUVDSD?0G'OD^E*$.2C&C+>5DOR_$=27-6E
M4CM&[_4P/V@GU*/QI:VDS@:7':JUE&B[40=&_'(_+%<\&W4DWN;RLJ<5';]?
M^&L=]J?C=M"^#6A^)WM@=>N+06-M*XR5R.7_`"0-]<5OBF_:.,=.:S?Y_J88
M9+DN]HWM]]OT/FF222XN&EF=GDD8LS,<DDGDFG2@G*,.FB*DV[MGN'Q[:72M
M!\*:%:*T>EQP$X7[K,H4+GZ`G\ZRJ2<\1)O^M6.BN7#JW7?^O,Y;X-^!W\1>
M,4N]0@*Z;IH6XE\P8#MU0<]CU^@]ZZ:?N)S>ZT7K_P`#_(QG[S4%U_+^M/O/
M;'T;7K^P\=_VO/:20:E;E;**";>8D5&`!X&.Q^I-<=3W<-K\2=_R_P`CIIV>
M(37PV2_/_-G"_#LZ/X=^!6J:CX@6X.GZI=&*06V/,9#A,#)'?=^&:Z:_+RTZ
M;ZZ_K^21A2OSSFNFG]?>,^*__%/>$-!\(^&+-(M"U8B19=Y9Y6W`@'/J64Y_
M#C%1RNIB52GTM_E^!<)1A0=:/7?[O\C-^/)9=4\,>&+*-I&L[,!8T&22Q"@`
M#O\`)^M3=UL1*2_KJ.*]EAXI_P!6_IEGXL`^'_A+X0\+W;@ZDFV61"<E`J$'
M]7Q^%%>2EB/=Z+_)?C8*"<*#OU?ZW_#0\.IB"@`H`*`"@`H`*`%4[6!QG'8U
M49<LE+L)ZG3>,_'6J>.+JSFU*&UA%G%Y44=LC*H&>OS,>>GY5%O?<^K*3M!0
M6R&^"_&^I>!=0N;W2[>TEGN(?))N$9MJY!XPPYX%4VW!PZ/_`(/^9'*N92[$
M_A3XA:QX0AU6*RAM+A-37;.+I&;UY&&'/S'KFE+WJ7LNA=W[7VO7^F7_``7\
M5=:\&:=)I:6]KJ&F2,6-M=*2%)ZX(/&?0YJG+F24NA"CRRN@\6_%?7?%6FC2
MO)M=-TH$$VMFA4/[,<\CV&!46O)2EK8T3Y5:.A0\3?$+5_$^C:?H\T%I9:;8
M`"*WLT9%)`P"V6.2/ZFFVY5/:/<F/N0Y$-\6^/\`5?&EEIEMJMO:!M.0I'-$
MC"1P0`=Q+$'[H/`%$ES5'/N$/=I^SZ#?$7CO5/$GA[2-$NH+6&STI`D(@1@6
MPH7+98Y.!VQU-$_?J>T>X0]R'(OZ_JYR]`'J.D_'/Q!I^B0:9>:=IVIK;J%A
MENHR6&!@9P><?@:J<N9\W4F$>16Z&7JWQ=\1ZQHFIZ7+#8PIJ3A[B:&)ED8`
M`!<[B`N%`Z=*S<>9)/I_PYHI--M=K>GI_75F3X+\=ZKX%N[NXTR&UF-U%Y4B
M7*,RXSG(VL.:MN\'3>S_`*_4A*TU/JOZ_074?'FJ:EX)L?";P6D.G6<GF*T2
M,)'/S'YB6(/+'H!2G[\E)]%;\+%1?+S6^U_G<NWWQ.UG4=.\/65S:6#IH4D<
MEL_EON<H``'.[D<#.,=*MS?MO;==?Q(44J;I]/Z_S.BE_:!\422F8:5H<=QC
M`G6U<N/Q+FL_0KU/.=<UW4_$>J2ZEJUV]U=2=7;L.P`Z`>PI1BH[%.39G51(
M4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`
%!0!__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g923929snap5.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g923929snap5.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`"H!;0,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`/6*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"
M@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`
M*`.)\;^(+W2-4TFT&H_V1IUUO\[4/($NQAC:GS`J,\\D4HZS:;Z:>8WI&Z5]
M?N+%[K5_9:AX3M4OX;N._D=)YXXP%F`0L",9Q^!JE_$::M:+?W6)_P"7?,GU
M7XW,:/Q#JNLVDNMOXHL_#NE-</#9I+"C^=M)&79SW(/`Q4I-1BWNU>Q<E:3B
MEMH+XI\6:[H]QHCZ?-;WL!M&N[SRD!6=$*;BAYQPQ(YJ]%4DI:)6^5VT19N"
MY=W?\-3H-&\02:KXLO[:*=)=.6SM[B`J!_'NR<_@*%%I2ONG;\$)R3Y;=5?\
M33\17LVF^&M3O;8@3V]M)(A(R`P4D<5E4;C&Z-J45*:BSC?[>\2:-HFC>(+[
M4;>_TZ\\@7,)MA&\7F8^96!YP2."*Z'%1K>R?5V3\SGYKTG4[:EOQQXEUG3+
MY;?0S&396K7UZ&3=NB#`!1Z$C<?PK&+2E>7PJR?S_P`C9QO%);N]ODO\[$WC
M/4]8M_##>(]"UB*"UBMA+Y+6HD\W.,'<3QP?0T33A/E?=+\14VJD4UYO\#.U
MW6->\.:9HS7WB2#-_>*DEV;-46&,H3C;D@\CK5.RJ*'D_P`-B$VZ?.O+\=SL
M/#MP;O25N!K$>K([$I<QQJBD#C&!QP0:<E:V@UNSGM6\2:C:^+XO(E0:)9RQ
M6MZ"H),DN=ISU&W*?]]4J2YGKUNEZI7_`!V'4]V.FZU?I>W^;#Q#XDU+1O&E
MLH=3HL5JLEXFT90-(4$@/7`.,^V:5+WI2B_)+U=_SM8<U:*:WU?R5O\`.XS5
M=?U2/3O%+V]YY;V=Y##;.(U/EJZQ9ZC!^^3SFA)M0\Y6_&P-I.372-_G9LO_
M`&K5_#^M:9:W^I?VG9:A(T`DDA2.6*3:6'W``5(!'3(IQ]YN/E?[B9:1YEW_
M`#)-?UF]T?Q+H`\Q1I=]*UM,"HRLA&8SGW((I4]9N+[:?+?\!STAS+H]?1_Y
M&3J_C.]TR3Q/?QJLECI2Q6T$97[]PV,DGK@;E'YTHIRBK;RE9>G_``]RK+GM
MT2N_T(M3OO%?A2SL]9U'68-0MGGCCNK3[*L8C#G&8V')P3WSFM(I>T5/OI?S
M,F_W;J;65PUN?Q9:>,-,TNV\20)!JC3-'G3U8P*@W`?>^;KC/%133;:?17_&
MQI.RCSKND0WOB2^M/%]UHM]XKMM-2WMX"CO;)F=V'S$`GCD=/>G#WV[=[)"E
M[BC?M=OYG8Z_JS:!X:NM1*B>6",;0?E#N<`?3)(I2U:4>K2^\<$K7ET5_N5S
M`U.3Q%X:TU-;NM;^W)&Z?:[0VZ)&$9@&V$#<,9SR3TJE934.C=O\B=90<MFE
M?[M;#1XFU&T^(%W9W<B-HA>*VC.T`PRN@923W#'(Y[XJ:7O)I[W=OE:Z_&_R
M8YV5FNR;^;:O^!M^%]0NM3TNYENI=TBWEQ$K!0,*LC*HX]`!0U[D7U:0WI4D
MNB?Z(PTM?$/_``ES:2?%MV85LUN=WV6WR27*X_U?3`H@[\S?2WXW_P`A3TY;
M=;_A;_,=%XYT^QNM>M-6UFV@N;:Z=+>.0JI";%(X[\D]:B3O2O'?7\W;\+#2
MM4L]M/RU,E_%%[)8^%6OO$HTA+ZP>>XN3'#^\D&S`^=2!]X],5O.*524>R5B
M8MN"?FST#3&W:5;O]O-^&3<+DA1YH/(/R@#\A6=2\;Z6L$=>IY_X<\4ZE>3Z
M.4\01ZK<WDQ6[L!%'FVC^;+Y0`KC`^]G.:J"O;M:]_.W^>@ZGNN72SLEW5[?
MEJ7K76I;SQ9J-E<>,/L,D-]Y,&GB.#,B;5./F4L<DD=:5/6*>[U_!O\`051V
M;6RT_%&I:^(I["V\2+JLOF2Z3(TBMM"EX67='P/Q7\*AW=)..^WS_P"#=%I+
MVO*]G9_+K]S3,2^UK4[*ZT6SUCQ2NCM-I[3SR^7"-\NY?E^=2!@$]/2M&HJ<
MDGM;Y[W?X&:;<8RMNW\ET1=\0ZO/I\GA^V/BD6-K=1RM+?ND/[W:JE3\R[1G
M/8"I?\1IZ66WG=(I?PU):Z_A9O\`1%27Q-K'_",V=U/=&WM9+UX9=4BMP<0#
M.R8*00`Q`&<$=Z;6L5+2Z_'MY7W_``!;2Y=;6^[K]VQ<UW5KG3/#6E2Q^)T\
MJYO$C?4Q'%_JB&.>04[#G%*6E2,7IO\`D$?@E):[?FD_U.@\.3+<:9YR:[_;
M4;.=MSMC`XXVC8`.*IZ):"6[U,'2]6OK_P`475K=ZX;&Z@N&5-+>%-LL`/#`
MD;F)'.0<#TJ:>L4]^_E_7XCJ:2LM%I;S(;K6]7ET:Y\F_:"<ZY]A298D)2(R
M!<`$$'@]2*5-<RI^=[_+F_R03?*Y^5OQ4?\`-FA'?ZKHFNV^E:A?#4(;V"1[
M>X:)8Y$=`"58+A2"#D$`=*4I>Y.VZ5_T&E9Q?1NWZ_H9_@769-:CLYY_&'V^
M[>#S)[`)`-A/7[JAA@GUK9Q2O;5=R&]>VK.[K,H*`"@`H`*`"@#!\16^NW*^
M3IEOI=S:R1E)8;_>.?48!!'L1^-2X\UT]BD[6:,33O`UUIEOX4@2[BE32)I9
M)V;(W;U/"#!X!/<CBM7).=^G+;\B+>XUU;3\BM+X0\1:=IVH:+I#Z7<Z1=F0
MQ"\WK):[\Y`V@A@,DCI633E!0ETTOY&G-:I[1>MO,U-/\(W%G?\`AYY)H9;?
M3=->SF!R"Y(49`QT^4]36LY*<ZC>TK?F9)-*-NC;,K1/"^H>!9/$.H12QW=N
M\2IIT"AF=<%BJ,,#C<^.O3TJ.:7L^3[3?_`U^6Y?+%U%+9:_YNQUNIV-WJWA
M2ZL9/*BO;JT:)N3L5V3!]3C)I58IW41T)N+C*1R]OX2\1:AIVDZ3K=SI\.EZ
M>8BT=IO=[@Q@;0S,`%&1G@5JYIU?:O?=>IERVINFMF6CX$&I:SK&HZQ=W`>\
MD"1)9W<D:B`+@*P&,GJ2.1S6*C:GR]7>_P#7H:N3YDULDK?K^(Q?".K?\*QN
M?"TMS;/<[&A@EW-M\O=E-WRY!QQP#5S;FXR>ZM?Y"A:$I6VUM\RYXG\/ZIJ,
M.A2:8;0W&F7*S%;EV5'PA7&54GOZ4-_O>=>?XD*/[KD?E^!N:5_:GV(_VK%9
MQ7.XX6T=F3';E@#G\*3VT&KWU.3_`.%=I?:-?#4KRY&IWKR32&&\E$(D)ROR
M9`.WY1R.U+6,8J&ZM]^_YEW3FW+9_EM^1JVF@7D^IBZU?[/*LNE+9W"(Q(9]
MQ+=0/E.:<E%\Z6S:_"_^9$>:*AWC?\;6_(Q+7P1J]GX8US3/M<%S/<W4<EL\
MCL,QIL"ASC@X3'&:;DVH-[IW?WW'97DELU;TT?\`F;<6E:SJNKV-]K@L[>*P
M9I(;:UD:3=(5*[F9E7H"<`#OUHC:+<NMK"=VN7H6?%VAR^(/#LUE;2)%>*RR
MV\CY`212"I.`?3]:G524H[IE*UG%[-6,J/P1)<^`;K0M1N4^WWCO//<1`E?.
M+[MPS@D`@#Z"JEIR\FG+:WR_S%!M-N>M_P`MOR(+CP]XIU^.RT_7Y]-CTZWE
M265K4NTER4.0"&`"@D9/6FFN=5'TV7F2U:#IKKI\C9U;0KF^\7:!JT4D2P:<
M)_-5B=QWJ`-O&/S(I0?+*3?56_&Y<M8<J[I_F9MUHGB*T\8ZCK.E1Z7/#>0Q
M1E;N61&4IG^ZA]?6E"\4XOJ[_@$K-Q?96_$W]:TD:[X>N=,N'$37$6TNG.QN
MH(^A&:4MTX]'=?((.WQ?/YF%<Z5XFUVVBTO6%TZ"P5T:>:WE=WG"D'`4J`N2
M!GDU::YU-]-;>?\`P"+-0<%U5K^7_#%N;PO]MN/$2WC)]FU/RO**$[D*(!N]
MB&&1]*S2:A9;W;7X6_(TNN9/I:WXO]&3>#=&O]"\/K9ZG/'/=F:65Y(\X8LY
M;/('K6DFFHI=$1:TFRPNESCQ@^K;D^SM8K;@9.[<'+=,=,&HC[O-YV_"_P#F
M.6O+Y7_&W^1!IVB36O\`;OG>4QO[IYHB.<*451GC@Y!I25Z*@M]?Q;?ZC3M5
MY^FGX(P[;PWKNE0^''LX;"ZFTVQ>UF2:=D4EMG*D(<_=/4"MI3O.36SM^!*5
MH*/9MG961NWL8S>Q0PW)'SI"Y=!]"0"?RK*:NFD"OU.4L_"5Y8Z3H!@:W34]
M-FS(X)"R1,3O7.,G@Y''4"KB[27:UG]W^:'+52\VVOO;_)V)[/3_`!#I>LZD
M]O9:=/9WEY]H$DERZ2(I55(VA",_+ZTH?"HRZ7_%M_J*7Q.2\OP0GB'PK=ZK
MXBL[RVFBCLY%6/4(VSNE1'#H!CWR#GL:*?NRN]M_FKK^O1#G[T++?5?)[_UY
MD^LZ;K/_``DUKJVEV]E<+':O;O'<SM'C+*V1A&_NTHMKF\[?A?\`S!I-1\K_
M`*$T^D7FH:MHE_>16RBUCF6XB5RXRZ@`+E1D<=\462DWT:M^*8-MQ2\[_@U^
MJ*EEIGB#0=/FLM.BL+NU2YD,$4\KH1"W(7(4XVDL,8/&.E%VXQ3[6_R_#<>G
M,VNNO^?XZE`>$M5M='M_LJ6)O%U3^T6MM[)`@((V*=I/?KCKFCX7"VO*FOOO
M^5Q?%SWTO;\&OSL=9I3ZD]LW]J6MK;2AOE6VF:12OKDJO/7M3=K:"ZG/ZGHV
MNZY?6L-];Z=%:VMTEPEW%(QFPK9"A2ORD]"=Q[T4])*;W7XZ6^X<]8N*Z_U]
MY%=>&=5&DW$5L;5[DZQ_:$:R2,J%!(&`)"D@\>AJ87@H?W;_`(\W^822DY^=
MOP4?\B[;Z-JM_J\>JZTUK%);PR16UM;,SJA?[S,[`9.`!@`8YZT22Y));M6&
MGK&^R=QGA.Q\0Z18V&F7UEIPM;:$1&>&Y=G;`X.TH!^M:2DI-MD6MMW.IJ"B
MCK?&@ZCC_GVD_P#030!\[^%OB]X@T#9;WC_VG9+QLG;]XH]GZ_GF@#VOPO\`
M$3P]XJ58[2[$%X>MM/A7_#LWX4`=70`4`?'/_"1:W_T&;_\`\"7_`,:`#_A(
MM;_Z#-__`.!+_P"-`!_PD6M_]!F__P#`E_\`&@`_X2+6_P#H,W__`($O_C0`
M?\)%K?\`T&;_`/\``E_\:`#_`(2+6_\`H,W_`/X$O_C0`?\`"1:W_P!!F_\`
M_`E_\:`#_A(M;_Z#-_\`^!+_`.-`!_PD6M_]!F__`/`E_P#&@`_X2+6_^@S?
M_P#@2_\`C0`?\)%K?_09O_\`P)?_`!H`/^$BUO\`Z#-__P"!+_XT`'_"1:W_
M`-!F_P#_``)?_&@`_P"$BUO_`*#-_P#^!+_XT`'_``D6M_\`09O_`/P)?_&@
M`_X2+6_^@S?_`/@2_P#C0`?\)%K?_09O_P#P)?\`QH`/^$BUO_H,W_\`X$O_
M`(T`'_"1:W_T&;__`,"7_P`:`#_A(M;_`.@S?_\`@2_^-`!_PD6M_P#09O\`
M_P`"7_QH`/\`A(M;_P"@S?\`_@2_^-`!_P`)%K?_`$&;_P#\"7_QH`/^$BUO
M_H,W_P#X$O\`XT`'_"1:W_T&;_\`\"7_`,:`#_A(M;_Z#-__`.!+_P"-`!_P
MD6M_]!F__P#`E_\`&@`_X2+6_P#H,W__`($O_C0`?\)%K?\`T&;_`/\``E_\
M:`#_`(2+6_\`H,W_`/X$O_C0`?\`"1:W_P!!F_\`_`E_\:`#_A(M;_Z#-_\`
M^!+_`.-`!_PD6M_]!F__`/`E_P#&@`_X2+6_^@S?_P#@2_\`C0`?\)%K?_09
MO_\`P)?_`!H`/^$BUO\`Z#-__P"!+_XT`'_"1:W_`-!F_P#_``)?_&@`_P"$
MBUO_`*#-_P#^!+_XT`'_``D6M_\`09O_`/P)?_&@`_X2+6_^@S?_`/@2_P#C
M0`?\)%K?_09O_P#P)?\`QH`1O$&M.A1M7OF4C!!N'((_.@#.H`4$J05)!'((
M[4`>L_#;QIX\N;I+"RL)]>M$(#>9G,0_ZZ]O^!9]J`/H&.WNFC4O;2(Q'*X)
MP?3-`"?\*]\&?]"MI/\`X")_A0`?\*]\&?\`0K:3_P"`B?X4`'_"O?!G_0K:
M3_X")_A0`?\`"O?!G_0K:3_X")_A0`?\*]\&?]"MI/\`X")_A0`?\*]\&?\`
M0K:3_P"`B?X4`'_"O?!G_0K:3_X")_A0`?\`"O?!G_0K:3_X")_A0`?\*]\&
M?]"MI/\`X")_A0`?\*]\&?\`0K:3_P"`B?X4`'_"O?!G_0K:3_X")_A0`?\`
M"O?!G_0K:3_X")_A0`?\*]\&?]"MI/\`X")_A0`?\*]\&?\`0K:3_P"`B?X4
M`'_"O?!G_0K:3_X")_A0`?\`"O?!G_0K:3_X")_A0`?\*]\&?]"MI/\`X")_
MA0`?\*]\&?\`0K:3_P"`B?X4`'_"O?!G_0K:3_X")_A0`?\`"O?!G_0K:3_X
M")_A0`?\*]\&?]"MI/\`X")_A0`?\*]\&?\`0K:3_P"`B?X4`'_"O?!G_0K:
M3_X")_A0`?\`"O?!G_0K:3_X")_A0`?\*]\&?]"MI/\`X")_A0`?\*]\&?\`
M0K:3_P"`B?X4`'_"O?!G_0K:3_X")_A0`?\`"O?!G_0K:3_X")_A0`?\*]\&
M?]"MI/\`X")_A0`?\*]\&?\`0K:3_P"`B?X4`'_"O?!G_0K:3_X")_A0`?\`
M"O?!G_0K:3_X")_A0`?\*]\&?]"MI/\`X")_A0`?\*]\&?\`0K:3_P"`B?X4
M`'_"O?!G_0K:3_X")_A0`?\`"O?!G_0K:3_X")_A0`?\*]\&?]"MI/\`X")_
MA0`?\*]\&?\`0K:3_P"`B?X4`'_"O?!G_0K:3_X")_A0`?\`"O?!G_0K:3_X
M")_A0`?\*]\&?]"MI/\`X")_A0!1UOP#X0AT#498O#&EI(EM(RLMH@((4X(X
MH`^3?#OA/7?%=Y]FT73I;I@<,X&$3_>8\"@#W?P=^SSIUCY=WXINOMTXY^RP
M$K$/JW5OT_&@#V6QT^STNSCL["UBM;:,82*)`JC\!0!9H`*`"@`H`*`"@`H`
M*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@
M`H`*`"@`H`*`"@`H`*`"@"GJX#:+?@@$&WD!!_W30`W1K.UL-(M;>SMHK:!8
2UQ'$@11QZ#B@"]0`4`%`'__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g923929snap6.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g923929snap6.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`2H!<0,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`/?Z`"@`Z4`8ESXCBWM%IT)O)%."X;;$I]V[_AF@#/DEU2[Y
MN-0:)?\`GG;+L`_X$<M_*@"!M,M9/]<C3GUFD9\_F30`W^Q]-_Y\8/\`O@4`
M']CZ;_SXP?\`?`H`/['TW_GQ@_[X%`!_8^F_\^,'_?`H`/['TW_GQ@_[X%`!
M_8^F_P#/C!_WP*`#^Q]-_P"?&#_O@4`']CZ;_P`^,'_?`H`/['TW_GQ@_P"^
M!0`?V/IO_/C!_P!\"@`_L?3?^?&#_O@4`']CZ;_SXP?]\"@`_L?3?^?&#_O@
M4`']CZ;_`,^,'_?`H`/['TW_`)\8/^^!0`?V/IO_`#XP?]\"@`_L?3?^?&#_
M`+X%`!_8^F_\^,'_`'P*`#^Q]-_Y\8/^^!0`?V/IO_/C!_WP*`#^Q]-_Y\8/
M^^!0`?V/IO\`SXP?]\"@`_L?3?\`GQ@_[X%`!_8^F_\`/C!_WP*`#^Q]-_Y\
M8/\`O@4`']CZ;_SXP?\`?`H`/['TW_GQ@_[X%`!_8^F_\^,'_?`H`/['TW_G
MQ@_[X%`!_8^F_P#/C!_WP*`#^Q]-_P"?&#_O@4`']CZ;_P`^,'_?`H`/['TW
M_GQ@_P"^!0`?V/IO_/C!_P!\"@!1I-BAS';K$?6,E#^8H`FC%[:X^RZE.H'\
M$Q\U?_'N?R-`%V#Q%+;_`"ZI;;$_Y[P99/Q7JOZT`;L,T5Q"LL,BR1L,JRG(
M-`#Z`"@`H`*`(YYXK6!YYY!'$@RS-T`H`Y:ZN;C6B?.#P6'\,'1I1ZO[?[/Y
MT`2JBQH$10JC@`#`%`"T`%`!0`4`%`'+^*_&#>&K[2[&'2Y=0N=19DBCCD5.
M5QW/UI)MRY5VN-I*'.^Z7WD>B^.8]2U.]TF]TNYTW5+2'SC;S$-O3U5AP>U#
M:5-S73<23YU%]3#M_BK/+H@UQO"EZ-(!P]RDR-MYP3MX/6J:Y6N;2X*\K\O0
MZ77/&FF:'H5IJA$ER+[:+2&%<O,6&0`/QI24HS]G;4(M2CS]##;XB:EI4]NW
MB?PK<:38W#B-+H7"S*I/3<`.*<4G)0OJQ.Z7,EH;-SXO6R\:VOA^[LS%%>Q;
M[6\\S*R,.J8QP?Q]/6B"YG)=5^0Y/EC&2V933QS/>_\`"0R:7HYO+?1QM$OG
M[?M$@^\JC:>@SSSGCUJ+VIJH]K_AW*Y?WGL_+\>B$N_B+90^";+Q%;6K7,EZ
MZQ06@DPS2DX*9P>F#SBM)1:J*"UO^7<B+3BY/2QT6I:C<:=X>N=1%EYUQ!`9
M3;+)C)`R5#8_7%14:A=K8JFG.R>C97T+Q':ZWX6@UY1Y4$D1D=2V?+QG<,^V
M#555[)-^5R:=YNRWO8PX?B-:+X*A\27UC+;K<RF.VMD;S))CDA<<#K@T23BX
MQ6K?0<6GS.^BZE.7XBZKI)BN/$?A&YTS3)7""Z%PLNS/3<H&11%)R46[,3O;
MF2T+OB?QU>^&DGNV\.3W.EQA"+U+A`K;L8P.O4XJ;M.ST=[%))J\==+CG\:Z
MC;>'-1UF_P##,]G%:PB:,27*'SLGH"N<?B*<_<6N]["A[[TVM<C\0_$6#P_X
M>T?5GTR6<:D@=8D<93*ANN.>M.I[E5TWT"'OPYR_JOC2TL/"]AKUK`;NWO)8
MD0!]I&\XST/3TIN-JL:;ZNQ*DG3E4[*XGB7QI#H5_;Z5:6$^IZO<KNCM("`0
MO]YF/W1Q4*\FU%;%M)*\@T+Q)KE[J*V6L^%;G2S(I*3+.LT?'8E>AJDDTR6V
MK&QK>M67A[2+C4]0DV6\`R<#))[`#U)J)2Y2XQNSBY?B-K5K9C5;OP3>0Z)@
M-]H^T(9`AZ,8\9`_&K?NNT]"%[RO#4V/$'CNUT?1M*U*SM'U&/5)5BMUC<(2
M6&1U_*AQDJGL[:@FG!S(++Q[)-JLNC7N@7=CJ_D-/;VTDB$7``/"N.,\&DM4
MW'=#V:YM$^I1/Q%U9=<713X,NQJ+1><(?M<>2F<9ST_6A>]>W0'[MK]38_X3
M"2/Q+HFAW.E/!<:E;O,VZ4$PE03M(`P>G7-5%*4I)/X4F)OEBI/J[%+4?'ET
M^LW6D^&M`FUJYLR!<N)EACC/]W<>I]JB-Y+F2T*DE%\KW+WACQI#X@N+VPN;
M";3=5L1F>TF()`]01U%-VY.>.J)U4E%]2CX,^)%AXPU"XL4LY;.XB3S$61@?
M,7."1]#5*-X<PY^Y/D9,/B#91:1K^I75K)%#H]VUJ0K;C*P(`QTQDFHO[D9_
MS%\C4W#LDR?P]XEUS5;R--2\*SZ;:SIOAN/M*2@C&0&`Y4D5?+:Z>Z,N:]FM
MF=34E!0`4`%`!0!7C2XTZ8W&FD*2<R6['$<G_P`2WN/QH`Z/3=2@U.U\Z'*L
MIVR1MPT;=P10!<H`*`"@#D[NZ_MJ]W@YT^W;$2]I7'\9]0.WY^E`$M`!0`4`
M%`!0`4`%`'F'Q.^WCQAX,_LL0&^\^7R1<9\O=\OWL<X^E*G?VKMV_P`RJEO8
M:_S(U-)\*:M#J^I^)_$5W:RZE-:&!(K-6$428]6Y)X_G4U+0HSBNN_W!&\JD
M6^AYC8PZY%\([6ZDOS)X;-P5N[.",+*(_,Y(<YSS]*VJ<O/!5-M/^`1"]I\F
M_P#P#L_%[V-AXC^'U]&530XF*1N?N("%V$GZ?RIQO]9DI;M/[]279X9<NR:_
MK\S4^,%Y:MX$DLED1[J\FB2WC4Y9SN!X'T%8V<JD8K>YM%I1E)[6,SXAVTFJ
M6OAGPK9KNUYBDJS!B#;JJX9R1TR1^E5/WZTI0Z7_`.&^9G3]R@E/K9?/_@&O
M\);JV/A)M*\@07^GS/%>1'J7R?F/U_I6D[3A&2V:)2<)RC+>]SG/#WAJ*#XP
M7NEF9FTW2]U_;6Q'RI)(%_EGCZ"HH/\`=MO>/NKT=V57^**_FU?RT/8&4.A5
MAE2,$'O4M)JS*3L[H\+>_F\/:'XF\"1-_I<M\L%BA/6.8]OP_G3BO;0IP>Z=
MGZ+6XY/V4YU.C5UZ[?UZ&_X[L8?#TW@(.0NEZ?=+%(Q^ZI&W#'\B:N,^;%<S
MZIV_K[C-Q:PSBM[J_P"-S:^+&H62_#R]A,T;RW91($4@EVW`\#OP*PG%RE&*
MWN;4I))R>UF4/']O-9_!);:XSYT4%LCY_O!D!K:NTZZ:_F_S,\,K4_D:WC?_
M`)))?_\`7BG_`++6>*^+_M[]0POPKT_0Y_4(TFL_AE%(H9'9%93T(,0XK:JE
M+%R3[2,HMK#77\T?S.5UTR^%3/X*N"YMO[1@N].8@D>67^9<^Q_K449.<Z:>
M\7;Y=/Z_R+KI1A4:VE%_?_7]:G9V]Q%I?QRU,ZDZQ&^LD%E+(<#C;E1GOD'\
MJ5'6$XK>Y57>G+I9KYW_`*^\LZ=K7B*R^)=KX=U'6(-0MIK1K@F.V6(J><#@
MGT_6G3][F3Z?\`*ON\K75O\`(3XSQRMX*BE4$P0WD3S`#^#D?S(J8M1K4V]K
MEV;IS2WL;GBG6=+7X?:C>&ZA:UFLG6,A@0Y9<*!Z]14XA-)QZAAFKQ?1'F6J
M6M_9?#+P%$JH+W[>CQ+-G:"Q8INQSCD5TRO]9BH[I?HCGC;V$V]K_P"9WFC>
M%-<N?%\7B?Q/=637=M"8;>WL5;RU!SDDMSGD_G6<+04K;LTE>5D]D5)O^2]V
MW_8(/_H1I4=JGR_0=7:G\_U#7_\`DM?A;_KTF_\`06I4?BJ_X5^85?X</7_(
MK_"B>*UF\3:=<R*FH)J4CR(QPQ4\`_3(/YTX6>'A;I^85-*\O/\`X(FF21ZG
M\;-8O+%A);6NG"&:1.5WY'&>YX_2HCI0J/HWI]Q4_CIQZK_@_P"9RFE:=<67
MP]T7QCIB$WND7$IF5?\`EI`9#N!^F3^!-:N2ISA)[-)/^OZZ!4C[252"W3;1
MN^#(='\5^'?%D5[,$T_4=5<H[,$(+8*XSWSBI</W-./74'4_>N2VLO\`(M:-
M<Z]X,\;Z7X5NM675],OD;R"X_>P!02,GTX_PQ50?M')2W2O<SE%02E'9O8]1
MJ"@H`*`"@`H`*`*TAFL;H:C:+F5!B6,?\MD]/J.QH`ZNVN(KNVCN('#Q2*&4
M^HH`EH`QO$5T\=I'90L5FO&V;AU5!R[?EQ]2*`,^.-8HUC10J*,`#L*`'4`%
M`!0`4`%`!0`4`9U_H6FZGJ%C?WEMYMS8,7MWWL-A.,\`X/0=<T+W7S+<'K'E
M>V_W%]T62-HW&58$$>HI-*2LQIM.Z,JU\+Z-9>'GT&"R"Z6ZLK0%V;(;D\DY
M[^M.?OZ2%'W7="MX8T:30(]#EL$ETV)0J0R$OM`Z8).?QS1+WW>01]S1&;H_
MPZ\*:#?+>Z?I")<)RKR2/(5/J-Q.#[TU)K832>YK1:#ID.NSZVEM_P`3&:,1
M/,78G:.P!.!T[`4H^ZFEU&_>:;Z"6OA_2[+6KO5[:U\J^NU"SR*[8<#IE<[<
M\=<9HC[L>5;`]6F^@Z'0]-M]<N-9BMMNH7$8CEEWL=RC&!C.!T'041]U-+KJ
M#]YIOH:-`&+<^$]#O/$,&O7%@KZG``(YM[#&,X^7.#U[BB/N-M=0E[R2?0T-
M1TVRU:RDLM0M8[FVD^]'(N0:32>XTVMCG]*^&_A+1KY;VRT=%N$.4:21Y-I]
M0&)`/O5)N.Q+2EN;FKZ/8:[ILNG:G!Y]I+@O'N9<X.1R"#U%3;5/L4FUL+?:
M38ZCI$FE7<'F64B"-H]Q&5';(.>WK3DN=WD*/N*T2!_#FDR+I:M:9&ED&T^=
MOW6!@=^>/7--R;GSO?7\1<JY>3I_D,UGPOHNOSVD^J6"7$MHV^%BS*5.<]B,
MCCH>*4?=ES+<;]Z/*]AVN>&]'\26RV^KV$=TB_=+9#+]&&"/P-+E5[C3:5BC
MH/@3PUX:NC=:5IBPW!!'F-(SL!Z`L3C\*I-I61+BF[LWKFV@O+:2VN84F@D4
MJ\;KE6'H14M)Z,I-IW1RMO\`"[P9:WPNX]$C,@;<`\CL@/\`NDX_2JBW'8F2
MYMS>U30=,UH6@U"V$PLYA/#\[+L<=#P1GZ'BA/EES+<;UCR]#1I`9S:'IK:\
MNN&V_P")BL/D";>W"9SC&<?I0O=O;J#UM?H%QH6FW6M6NL36VZ_M$9(9=[#:
M#U&,X/4]11'W6VNH/WDD^AF:YX"\,^([O[5J>E)+<=#(CM&S?4J1G\:2BEJA
MMMJS-/1]`TK0+'[%I5E':P'DJG5CZDGDGZU4GS*S)2L[H--T+3-(TG^R[*U$
M=C\V8BQ<'<23]XD\Y-*7O*S]"KM2<NNYGP>!?#5MHMSH\6E1C3[E_,DB+L<M
MZ@DY'3L:)>\DGT$M&VNH:!X'\.>&9WN-)TQ()V&#(SL[`>@+$X_"GS-*PK*]
MSH:0PH`*`"@`H`*`"@"30I_L>HS:<QQ#,#/!['^-?U!_$T`='0!RUY)]I\0W
M4F<K;(L"^Q(W-_-1^%`#J`()[I(72(*TL[_<BC&6;\/Z]*`+<&BZA=C==W`L
MXS_RRAPS_BQX'X#\:`+J>&M*4?O;=K@]S/(SY_`G%`#_`/A'-%_Z!=K_`-^A
M0`?\(YHO_0+M?^_0H`/^$<T7_H%VO_?H4`'_``CFB_\`0+M?^_0H`/\`A'-%
M_P"@7:_]^A0`?\(YHO\`T"[7_OT*`#_A'-%_Z!=K_P!^A0`?\(YHO_0+M?\`
MOT*`#_A'-%_Z!=K_`-^A0`?\(YHO_0+M?^_0H`/^$<T7_H%VO_?H4`'_``CF
MB_\`0+M?^_0H`/\`A'-%_P"@7:_]^A0`?\(YHO\`T"[7_OT*`#_A'-%_Z!=K
M_P!^A0`?\(YHO_0+M?\`OT*`#_A'-%_Z!=K_`-^A0`?\(YHO_0+M?^_0H`/^
M$<T7_H%VO_?H4`'_``CFB_\`0+M?^_0H`/\`A'-%_P"@7:_]^A0`?\(YHO\`
MT"[7_OT*`#_A'-%_Z!=K_P!^A0`?\(YHO_0+M?\`OT*`#_A'-%_Z!=K_`-^A
M0`?\(YHO_0+M?^_0H`/^$<T7_H%VO_?H4`'_``CFB_\`0+M?^_0H`/\`A'-%
M_P"@7:_]^A0`?\(YHO\`T"[7_OT*`#_A'-%_Z!=K_P!^A0`?\(YHO_0+M?\`
MOT*`#_A'-%_Z!=K_`-^A0`?\(YHO_0+M?^_0H`/^$<T7_H%VO_?H4`'_``CF
MB_\`0+M?^_0H`:_AO2&&$LUA/K"QC(_[Y(H`IS:!=VXW6-Z90/\`EE<\_DXY
M'X@T`4DN2)_LUS$UM<C_`)9O_$/53T8?2@">@"K>R?9?(O1P;659"?\`9Z-_
MXZ30!V-`''V;>9]JF)SYES*WX;R!^@%`#II)FFCM;1`]U+]T'HH[LWL/UH`W
M],TF'3(R03+</_K9V^\Y_H/04`7Z`"@`H`*`"@`H`*`"@"IJ6IV.CV,E[J-W
M%:VL8RTDK;0*3:0TF]BS%(DT22QL&1U#*1W!Z5333LR4TU='(:]\0+?0/%]I
MH4]A*\<Z1O)=*X"PB1RBY'7&X#\Z*:YY./R^=F_T'4]R"EZ_<K7_`#'>*?'L
M'AG7-.TH:?+>273)YKHX40*[A%+9ZY)/'L:*:YY\G]7LW^2"?N0YO7\+?YH/
M&?CVW\'7%E#)82W9G#22F)@/(B#*ID;VRPI0]Z?)Z:^NB&TU#F7W=[*[-/5?
M$D6EZQH6G^09O[6E>-)%;`3:F[/OTIQ5YN'9-_<2VO9\Z[I?>'AOQ)'XC&J&
M.V:#[!?261W-G>4Q\WMG-"5X1GW5_P`;%27+-P[6_%7-RD(*`"@`H`AENH89
MX(78B2<D(-I.2!D\]N!WH6KL&RN34`%`",0JDGH!FDVHJ[&E?0KZ??6^J:=;
MW]HY>WN(Q)&Q!&5(R.#5RBXNS%LVBS4@(Q"J2>@&:3:BKL:5]"OI]];ZIIUO
M?VCE[>XC$D;$$94C(X-7*+B[,6S:+-2!&UQ`MPENTR"=U+K&6&YE&,D#J0,C
M\Q1N&Q)0!6BO[>;4+BQ1R;BW5'D7!X#9V\_\!-"U5_.WY/\`45TGR^5_Z^XL
MT#"@`H`*`*POK<ZD=/#'[2(A,5P?NDXSGZBA:WMT_7_A@>EO._X6_P`RS0!6
MOKZWTVS>ZN6*0H5!(!/4@#I[D4=4N^@=&^VOW%@D*I)Z"DW97!:Z$=M<17=M
M'<0,6BD4,I((R/H>:IJVC`BO]/MM1M_)N4R,Y5APR'U![&D!S>VXL+O[#>-O
M<@F&;&!*H_DP[C\:`%NXQ-9SQ'H\;+^8H`Y3_A+Y_5_R_P#KT`=):2I!ISRR
M':B-(Q/H`QH`W=`L&M[5KNX7%W=89P?X%_A3\!^I-`&O0!C^+6M4\&:ZU\DC
MV8L)S,L1`=D\MMP4GH<9Q0!\@GPI;ZSNE\*WPOL*6-C/B*Z3D\!<XDX&?D)Z
MC('2@#ER"IP001V-`"QQO)(J1J6=C@`#))H`Z6+P[8:-(DGBF\,6#\UA9,LE
MSUY#?PQ_\"YZ?*><`'V#X5DM)?"&B2:?"\-DUC"T$;MEDC,8V@GN0,"@#7H`
M*`.>\;R11^$-25[>:>22"2.%8;9YF\QD8#`0$CKC/3GK6=3566YM1:C44GLF
MOS)]#U2*;3=*A6WNU,MOC,EK)'L*``AMP!4YZ9Z]JZ*FM237K]YRTDXTXI^2
M_`Y#Q3X7N?$/C76(#;2K;7.@"&*XV'8)A,64!NFX'!QUK%7C"<H[IQ:^29NV
MN:FGM[R?H^4YVVTGQ%JWAG^W=7TNY36+S5;)6@\EM\4$+J,D8R!G>Q/3G-;K
MEC4IVZMR?E=.R^2LC!J7).+Z1Y5YZIM_/]#8U#PYXD\5>)_$]U%]EL[*2'^R
MHEU"TD9GB`RSIAEP"S'GG.!Z5SJ+=)W^T[^>FB_S-W*U2-OLKY:[_HBOI-OK
MMXGP\_M#2[Q+G2[J>"Z9X&`4+&45R2/NM@8/0YKHYE*M[3O%_?IH8\O)2E37
M22MZ:E_P-J-SHFN:[I%[H6LJ][K4\T5R+%S!L8C#&3H!QUK.F^:E".S2?YMF
ME9VJRDM4^7\DC3\2KJ,?BJWTVU>;[-KJHCLK'$'E-ND(YXW1G''<"BE\7*^G
MO?I;[^7[V*II#F7^'[]G\ES?@4D6_.O"(1ZD-<&J%VD*R_9_L>XX&[_5X\O`
MQUW<XS2AJEZ._K9_K:UNGS"MUY?*WX7_`%O?_(BAO-3FM+33TMM46ZL[.\CN
M&:"15\S;\@#D8<GJ"":RE=TVU_*E\_=O^II&RJ)/^>_R][\-CK]*TU=,\*B%
M)+M9'M]\DC.\LV\H,D;LG/L._:ML19\R6VNQC0O:+EOH<AI$U_%'8%8KM;:U
MGE\R[9)HUF`MF^=DFY3YN.3C(S2J2M"4MO=E^<=OQL"5Y1BM?>7Y2W_"_P`C
M'TB.]N]*NFE:]@U.XL+<1Q))<%Y5\Q?,F!8`!CN&0N<8ZUI**3Y5MS*_DK_?
MT8<]XW\I6\W;[M.GJ;6M6.J::M];6'VS^RTOX'D#":<^48OFV[3O8;PN0I]?
M>LD[VYN\OR5OQO8TLE>V]E]_,[_.W]7(1'<1V^EC4I=6O-*DCN?+-M;7,3I*
MSKY2LO\`K``NX*S<?I3FO=:^U96_&_E?;?S\R5NFMKZ_=^5[[>1LV:W5A\)=
M-C:PN9)X[*!)(`9$D7[H;(3Y^!DD#DX(K3$-2J^5QQWD_P#%^IDZ5I^H:@]C
M:W8OQ8#5)CA1/`##Y&5SN.X)O/0GKQ[5*2:5_P"5_?S*WSML8R<DW;;F7W<N
MOX[B%+R*UTB'6(]7DT]([J%1`)FD\T2XAW;/F^X#AFX[DU$_>B_YG&-O6WO>
M5[V_$TC=/R4G]U]/E_P#8LM/U'_A4^F0VZ3P:G:64,L<1RC^9&`VQA[XVD>]
M;5Y*-;G6J3_#K^&Q45S.4=KWW]79_J93/=R"QU?6[?5%TR^EGGFMH4F:2%B%
M6!62/Y@-@8D8P&/-9M*/N/5V_%N[^[9>@)\T7)::K[DG^NO?Y$5MI5['K/AG
M4=2M[U[@6ES!'(1*[(YD5H!+MSCY`<EN,CFFVTII?$XKTND^;R_K02LXJ_PJ
M3^Y[>92TN/Q`^C7K+=7ZZDE@4N[<6EQ&SR[E+,LCDH7`W@>7USQP!1+DMI\-
MX_=?73?;<7O7M]KWO3;3RWM8ZGP;#;C7M:N;&VOXK":*W\IKR.52Q&_=M\WY
ML#/3W]Z:NJ=G_,_RB9_\O+K^5?FS"T.6:YUV#[+_`&H]^FL71N)'\TP"V#RK
MC<?DQG:`HYSVJ8KW4UMRZ^MM/Q_`Z*R2E)?X;?A?\+[^1.FG3:=X=T>ZO%U6
M2":Y+ZH%::27:`^P;%RP4,5R%'3&>*4;+E3_`)?_`":RW_'YDR3;DX_S/[KO
M;\/E<IW,.O-IMLUA%J@C$D[.K[UD-@7&$YY\W'W0?F`SG%..C7/V5_6^GX?%
M;\["?7DWOI]VN_GM?K;HF;&GB^/C?^PU><:=;O\`VHKLQ^XZ[5B.>>'WM@]@
M*<-FY?9NO6^J?R5U]PI;+E^U;Y6W_P#;?O8WQA!%_P`)')-<VNJ2(VFF*![%
M)B/.+MM!,?0^A/`]JQ7-[_)\6EOQ^1II[CELKW_\E^91F?6_[<TQ9;6[COH9
MK03RJL\@E4JHD8$'RE7)8$'GC/H:Z/==5N.UY?D[?I;_`(<YWS*C%/XK1_/7
M\-V(\,UUX=U&V6WU/_A(@?W[3PSM"3YZD$9PC#&"-IX4'I6*ORPY>\?OZ_C>
M_0UE:\^;M*WI9V_"WG<Z[PQ]J319HKV.X748Y'%RTN2))/[Z'IL(Q@#ITZ@T
MZEO9^[V^?_#W^_H..DWS?\"W]?UU.(32]7N=!GGG&JB\MO#L#6X$DJG[2/,)
M^4'YGR%X.3S[UT2Y5-M?S+[M/PW-K1E-1>S<K_?I_P``]4A+&",OG=M&<^N*
MQE:[L<T+\JN5-6TY=2L6BSLF4[XI/[CCH?Z'V)I%'.P3FXLB[+LD`*R)_=8<
M$?G0!YA0!Z19Q?:S961&5EN79_\`=5F8_F0!^-`';T`%`'/^._\`DGGB7_L%
MW/\`Z*:@#XA1VC=71BK*<@@X(-`'2#Q4-4=$\3VHU->ANP=EVHXY\S^,\?Q@
M]^1F@"-O%4MD67P];#1XV7:TD;EYW&,<R'D=_NA>O.>*`.?)+$DG)/4F@#[>
M\"?\D\\-?]@NV_\`12T`=!0`4`%`"!@<X(.#@X[4`+0`4`%`!0`4`0M9V[WD
M=XT*FXB1D20CE5.,@?7`_*A:7L&ZL34`%`!0`R01NACE"E'^4JW1L]J32:LQ
MIVU12T_0]+TEV>PL8;=F4(2BX.T=![#VJKLFR-"D,*`$+!1EB`.G-`"T`%`!
M0`4`%`!0`4`06MM;6L3):QI'&79R$Z%F)+'ZDDFCHD#U=V3,P526(`'<T`+0
M!#':6\5W-=)"JW$P59)`.6"YP#],G\Z%HK!UN34`%`!0`4`%`!0`4`<IJ,7V
M76[M`,)<Q"<?[P^5O_93^-`'E=`'J'AU=^LQD](X9R/J90/Z&@#KZ`"@#-\0
MZ8^L^&M5TJ.18WO;26W5V&0I="H)_.@#P+_AFO6/^A@LO^_3T`'_``S7K'_0
MP67_`'Z>@`_X9KUC_H8++_OT]`!_PS7K'_0P67_?IZ`/??#VF/HOAK2M*DD6
M1[*TBMV=1@,40*2/RH`TJ`"@#EO&3ZFDV@+INH&S\W4%CE(CW!@48C/(XR.G
M?CTI1_BI/:S_`"&[>SD_3_TI(Q[6]U73-9U2YBN+=K*37([>2`PG>V](U+;]
MW&"00,=CZ\7#X8)]>?\`!R?Z&,WRN<ETY?Q45^I<\->(]=UG4;>:2Q8:;.TR
ML3&JB':2%PV\ECQ@@J.3VQ2AK%.75)_?;3\?P\S2;M)J/1M?=?7[U^(W6_$6
MKV-]K<MM=6:V^E&`BV>(M),'QD;MW&>0..M*GJU?K+E_+_,*CY4[=(M_=S?Y
M`/$NK&9+X26_V5M5.G?8O+/F!0Y3=OSUR-^,8V_G1'7E_O)OTLF_TL_,=3W;
MVZ6_&W^>GH96K:WK\^C-!)J!L-5BOK/S8DM\!(Y)@H*N'(=#^!(!!`SQ=.-Y
M0MYI^O+?;^OP'+13]&UZ7_KT-?4?$NH6.NP6T-PMU$EU!:7(%KM1&<#.7+YW
M?,&``(`X/K4Q]Z7D^;\$W^A%2\(7ZZ?B[&3#XWUI[74=60+-9V5I/-)#]E9%
M#JV(U60GYP5R21Z=LXI1U@GWY;>KW^[\>Y;7[SE[-_<MOFSJ/#.H:W>374>J
M6K+`J1O#.\:1ER<[EVJ[<#`(/O[5;22\[_@0FW9]T8VG>*-6:XTV>ZNK.6UO
MKRZM3#'"0T(C\PABVXY/[OD8'WA^,+2%W_)S?E_F5NW;I*WKJ_\`A_0I-XGO
M[VSO8KC9=6S6UO=0R26WDAPTH&0N\G;C!&<'ZU25I)-:J45]_P#PPI-<K:V<
M9?@O^"3W.J:AJFIZ;<2W-M':)KK6R6OED2#R]ZAMV[DG!.,="/QFFO>@WU3?
MX/\`KU*JJRG%=.7\7%E_Q)XBUNVUZ32]&LVEDALA=#$2N)&+,`I+.NU?EY(S
MU'IRHZW?9K^O\BG%)1UWO^%O\RO/XCUZ.^OKC?:I9V>H6MH;8Q$NPE$6[+[L
M9!DXP.U:Q@FXJ^[E^%[?D2T^6ZT?+S?GI^`RY\::E:2WUF8HI;W2S=3W2*A&
MZ!$W18]"V].?]EJRO[G/Y?\`DU[?=HWZ6+4+U%#NU;TMK]ST*=[JFN7^C+_:
M=L1;-<:?+%,8TCRQN$W*`KMD="#QUK>$5&JEU3?_`*2S.$N:+:ZQE^7]?=YF
MG;^)M5>2SOFEMFM;O49;(6BQG?&$+@-NSR?DR1CH?;)P>D5YQOZ:7_X'J-K6
M5NC2]=4OUNO(S[+QIK-OI-AJ5Y):7RWFE3WWD6\10QM&JG&=QR#NP?>JJ+D<
MHKI;7IJ[?\%>C+4.:HDMN9Q_/_+\3H/"NJ:Y?S2?VG;$6S01RQ3F-(\L<[E`
M5VR.A!XZU3BE==4S%2YK-=?Z_KT\S*M/$^L-=6\\MS9R6T^JW&GBV2(AU5#)
MM;=N.3\@)&.AK/:*?>+?W+^EZFLXVDTNG+^-O\_P#2M<\0WNF>'C<7UG'<:T
MAE\Q;8A85";MH!;YF/'/;!XK2<>6;AV5_P`E^I$_=;_Q6_/7\"$^.=1L["&[
MO(X725;JVB,:D":ZB<JFWGHX!X]1UJ;.5E'>2BU\]']UT_2XW:+]YZ)N_I:_
MX6:?F/AUG5(=7FTQ'M8+RYU)+:2Y\HD9%HLC';GDD@@<]*KE37N[>\_NE;];
ML4KQBI2W:C^+?^7WF5HVOZQ:6EMI=@JSW-Q/J$[S00JX8I<$856<8!+9ZDX_
M.D[N*:Z1C^/_``WXEU+*;OU=ONBOQ_X)/XCUG6M4\.:Q%<-:Z=]EL8&N+9UW
ML[R#+`,&P,=!C/(-.*7M8M:KG27R<7^IA-OV<HO?E;_]*7Z?B>F+]T?2H9<=
MD+0,*`"@`H`*`"@`H`*`.>\1KB]L)!UVRI^8!_\`9:`/(:`/4O#7_(6/_7&3
M_P!&T`=;0`4`%`!0`4`%`!0`4`%`!0!5U#3;'5;1K34+2&[MF()BF0.I(.1P
M:-FGV'>PO]G66&'V2'#2B8CRQS(,8;ZC`Y]A3NU;R_7?\V3RK:W]+;\BO;Z!
MH]KJLNJ6^E6D6H3`B2Y2%1(V>N6QFDO=5EL-ZN[.>N_A[!>^()M:DUJ]%TTH
MDB/V:T<PX&`%+PL0`,`<YXY)/-$?=V"7O:/^M_\`,</`$8U9M6&OW_\`:++M
M-S]DL?,(QC&[[/GI0M$TNH/6U^A%%\.+:"QN;&+6KR.TNO\`7PK96(23_>'V
M?FAZI)[(=W?FZCC\.X#=177]NWWVB)56.3['8[D"_=P?L_&.WI3N[M]R;*R7
M1%:Q^&2V-S'-%XDU!7B1HT9+:T#E6^\'8PG?G_:^M+I;Y>7W#>KOYW^>O^9<
MTOP"NAQRII7B"_L4E;<XM[2QC#'WQ;\T[NUA6UOU(--^&\6E7#W5KX@U".[?
M<'G6ULM[!F+$%C`3U/K26D>5;:?@K!;6_K^));_#N"S65;;7+V$2XWA+.Q&[
M!R,_Z/SSS0M-%_5MAO5W?]7W^\=_PKZ+^U&U/^WK[[>Q!-S]CL?,)'`.[[/F
MA>[L#][<-4^'\>MF$ZKK]]>F$YC^T6=B^P^V;?BA:/F6X;JW0G;P7,PD#>)M
M3(ED65P;:R^9UQM8_P"C\D;5P>V!Z4[M6\@_X;Y=AR^#[E+N6[7Q3J@N9D"2
M2BWLMSJ,X!/V?)`R?SI=+=`ZI]BE9_#>UT])4LM9N[=9G620165@H=E.5)Q;
M\D'D>E--I)+H'5ON2)\/XXM4EU2/7[]-0F7:]RMI8B1A[M]GS4V]UQ6S'>[3
M?0AT;X;PZ#&1IVOW]O(T:QR21VMD&=5&`"3`2?Q)JI/F33V$W>7,]S3\->#+
M3PO=7$UG>2NMP/WD9MK6)6.<AB8HD)(YZG')XHNTN7H#U=WN6-)\)Z1I-U+>
M16<,E]+)*YNFB7S<2.7*[L9QEL4;1Y>EDO6PY/FES/\`K2Q<NM"TB^TM-,N]
M,M9[",`);R0J8UQTPN,#%)^\[O<+O7S)6TK3VMK:V:QMS!;,KP1F(;8F7[I4
M=B.V*=WS<W4E))<JV(KS0])U&">"]TVUN(KAQ)*DL2L'8``,<CD@`#/M2[>1
M5V0W/A?0+RPCL+G1;&6TC<R)"]NI16)R2!C`)R?SH>K3?02=E8==>&M#O989
M;K1[*:2"/RHFDMU8HG]T9'`]J:;4N;J*RY>7H:G2D,*`"@`H`*`"@`H`*`"@
M#`\2?ZZP_P!Z3_T`T`>/T`>I>&O^0L?^N,G_`*-H`ZV@`H`*`"@`H`*`"@`H
M`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"
M@`H`*`"@`H`*`"@`H`*`"@`H`P/$G^NL/]Z3_P!`-`'C]`'J7AK_`)"Q_P"N
M,G_HV@#K:`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"
M@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@#`\2?ZZP_W
MI/\`T`T`>/T`>I>&O^0L?^N,G_HV@#K:`"@`H`*`"@`H`XOQ-J^IZIKD?A+P
MS?BRU$)]HOKPQAQ:P]``#P78D8]`"?2@#E;3Q;I_@_QT+&\\;SZCI9B:*Z^T
M@RI;W)(V#S`#@D!^,X&#G%`'KD<B2QK)&ZO&X#*RG((/0@T`.H`IZCJMEI,"
MS7TXB1FVKP6+'&<`#)/`)X]*5TAI,EL[RVU"SBN[.9)[>90T<B'(8>HJFFG9
MDIW*'B3Q#9^%]$FU2]61T0JB11#+R.QPJJ/4FI;=U%;O1%):-O9:G/V_CG4;
M;5M.LO$?AF72(]2D\JUG%TDZE\9".`!M)_'ZU<5S2Y.MK_=N1)\L>?I_F.T'
MXC6>M^)=7T,V4MK<6#2"-G8%;@1L58KZ8../>LT[T75736W]>AI*/+45/O\`
MY)_DQ]AX^AOK;PM,M@Z#Q`SJ@,@/D[5)YXYZ5KR^_P`GE?\`+_,SYO<<^SM^
M+7Z&K?\`B2.Q\5Z;H+6S.]]!+.)0V`HCQD8[YS6=_C_NJ_XV*EIR_P!YV_"Y
MS6A?%:QUOPUK6JKITUO-I4)N&MG<;I(\$AE..A((]L4Y>[34_1>E[?H[E*/[
MUT_7\+I_BC1O/&UTFK:7IFG:&][=7]C]M"_:5C"+P",D<GD53BU.</Y?^#_D
M9QDI4XU/YO\`*YU-E+<3V<4MU;?9IV7+P[P^P^FX<&D[+8:OU)Z6PR.">&YA
M2:WE26)QE71@RGZ$4`24`%`!0`4`%`!T%)NRNP,33/%FC:N;%;*Z:0WRRO!F
M)QN$;;7Y(XP?7K56?X)_)[!+W79][?-&W2`*`"@`H`*`"@`H`A2ZADNI;96)
MEB"EQM(P#G'/0]#1TN&VA-0`4`%`!0`4`%`!0!@>)/\`76'^])_Z`:`/'Z`/
M4O#7_(6/_7&3_P!&T`=;0`4`>4?M`ZA>Z;X"L9K&\GM93J2*7AD*,1Y<G&1V
MX'Y4`>27FHQQZAK$<%YX]2&"R\VV6:3$D<N#\TP'2+..1SC-`%)]7E%[HZ#4
M?&8BGL#+<J9OGDE\LG=#SS%N`.3SMS0`FD>(]7MV\,WEG=^(KO4WU`;XI[AO
MLMSAQMC0]23T;.>M`'M'B?[=X&^&NLZU/-%_PD6LRK]JN=IVQ%SM"J.3A$X'
M7D9]J`/"[2ZT*U\)ZAH;:O'(]Y<0S&?[`S;-@;(4D@\[ASCIGUH`]Q^`>H/)
MX8O]+_M)=0@L9E,,BAP$5USLPX!&"I/''S<&@#UN@##\5ZW-H6D>=;6=Q<W$
MKB*/R;=YA&3_`!L$!.T?3GIWJ):OE[]?Z_`I:*[Z$/A:2RL=%TO3K..]:-HW
M(DGM'B.5/S%PP&TDDD`@9[5M+>RV27W;(S6S;W;U]7=_<4/B5H]_JWAJW?3(
M#<W5A>PWJP`X,H1LE1[X)K-/DJPJ=$_S5C3XH3AW5C#U>[N_B!JOAVTLM#U2
MRMK"_COKNXOK8P!-@.$7=]XDGMQ6E/W:GM.B3^=]")2?LW!+65ODNID2^%M7
M&B:MK-A8SQZWINNW5W:1LA5KF%B`R#CD,O3'4BL=8TH6_E::\FW^6YH[2JS7
MG%I^:BO^&9';VVIZ+X:^&UW/H>IRG3GE:Z@M[1Y)8@48#*@9'7O6[DHUK_W+
M?.R,8J]&2V]Z_P`KMG33M=:Y\0/#&LP:5J$%H+&\5_M-LT;1,=H`<'[I..`>
MM9.+C[5=XK\]O4<G?V=NDG^1PM_X0URU^%VE:GINF71U9+.>PO;(1,)98)&;
M'RXR2I(8<=#3J[I+:2C?R:2L_P!&:PLY2;Z2DUZ-N_WK5&WX@TH+XF\,W&J:
M1K=Q8PZ+Y,ATV*<NDN5PK&+!'?@FKDU[:J^]K?>S"FFL/2CVW^Y'JNDR12Z1
M:/!#<0Q>6H2.Y5EE4`8`8-SGZ\TIWYM2H62LCAH1?7?CA$^QWEO`T]Q%<J1<
M$-'L;:QD)V8)`("].F>M9QC>$D_Y7]]U^.__``Q55N,H\O=?=RO]?Q-CX<V<
M6G^$H;)8+B"XMV,=PLZ2+^\'7;OZC&.5XK1N\8OR7Y:_B$E:I+U?W7=OP///
M&#W]WXW\36EB=9EU.(V9TT6CR>3#(5&XN%.T#`_BXQFIP_1_WW>^UM+EU;))
M/;E>V][NQIZCH_B"2W\9ZC;G5/MZW:Q6RI+(`;<B,RF)>A)`;!'.1Q2CRJ$+
M[.3OWMS.W]=B/><G;=15NW-;^OF9TEGK;6NH+X6@UJ"WDO;8Z0+LS#RY`#YS
M/YF6$6.N[@GI3?-RKO>7_@-OSOMU#W=;[65_\5]/^#Y#-4DU_2_#WAZYLO[1
MCO-7MVT>ZCNG</'<.V1+@^AWX([8[5;C&57V4?AE9KR2W^=M_,5Y0@ZDOBBW
MZ.^WRO:Q9U?3=:@UV\M8DUJ36(KJV32)XVE-LMNH3>7(.SL^[=R:*4KS4O[S
MYO3I^&UNHIQY8-?W=/\`%_P_?H3)I6NIXB&J@:OYX\3M"!OE,8LRIR=GW=A/
M\6/QK.FK0BGUC*_KK;_@%UM>:W3DM_Y+?_@F5%IWB2T\(Z1!;6>IPNFF:IOC
MCCD4B0L3'D#^(_P]_2G*]M/Y(??=7_X)4K.K?^_+[K/\+EZZTCQ1IECKMOHQ
MU4FXTJTF)EDED)E+GSMA)R&V_P`*D'TQQ5U+)M?94_PM][5]S&ES6BWNXO[^
MGIY'0^!;R[TFPD^T+J-[#?7ZQ0QI83QK:Y3DXF8N$R.3D@$T.[BHK?77]/\`
M(-FY>FGSM_PYSL,&M_\`"-ZVL=MKX\5DO]LDW2^4\7GCB')V[O+^[LYZU"Y>
M2'\ON\W?S\]][=#6=_:3MOKR]MM/+[^I&=-U2Y<PZ/%KL'AV?5K-8EE>=9E3
M:PG8%CO5.1R>,]*J"NXJ?>7W<NE_GL2W:,G'?E7W\RV\[;ES0=!U;3M8TZY4
MZS^XUZ>T`FFF=!9;7*Y#'&W./F/MS3I/2-^L7?U3T%56LU'HXV^=K_J>D^*Q
M<GPU=FS25YDV.%AR7(5P2`!R3@'CO63=I1;V35_2Y5KJ26]G]]G8Y#4KV;4T
MU2^3^TX+/[5"\"26-SB=1%RI10'52>^!R!D'H1)Q6NKN]/DK>GE_F.ZD[+LO
M_2G_`$_(=<V^JZA\CVNHV<4W]F!HDEDW1C>WF+O'/`QN/7UK>T>>S=_>E_Z0
MK?*_RN<TG))\O\J_]+_R_`H:L-1L9QI4$%W<0?;[@PV\DTPS%Y:?,"H9V56<
MD=1GCCBL-9)7_E>O;WK)^MOP-U>+D^EX_/W;M??N=[X4$"^%-,6WNGNHU@5?
M.<,&D(&"2&Y!SG@]*VJM.3:V_3I^!%-65GOK]]]3CXDU^34-9TFTDF\S189W
MM)&?_7/,,P@G/.P%AS[&LEK3YGTM'[MWZVY?FV;+E55)[-\WZ6^^_P`DBN%N
MI+6[DT.#6!:162?:4N4G61YUD4G8).6;:'R5X.1UJVTGS?9YHV]+N_G;8QM)
MI+[5I7];:>6]_P"K%V=KGQ%?3M%%JL6GSZE;8)26W9HA$=Q`.&52>#TJ(QLU
MS=Y?^DZ?B7*6CY>T?_2]?P._@A2W@C@C!$<:A5RQ8X'N>3^-4W=W8DK:$E(9
M@>)/]=8?[TG_`*`:`/'Z`/4O#7_(6/\`UQD_]&T`=;0`4`>0?M'?\D\L/^PG
M'_Z*EH`\D76O#<_B/4FN_%WBIM.N;583/OS-/V9),GE,=O>@"Q<W_@/RXYH/
M%GBUKJTMVAM"^W]TNTJ$!SE5P<8'8F@#*\(7=K)K/@>UCU&_EN8M8B:2TE;_
M`$>$&9<&,9ZGO0!]+_%#PW<>*OA_J.FV8W76%EB7^\RG./Q&10!\9/&\4C1R
M(R.IP588(-`'U#^S]X=OM&\'W=[?6S0'49EDB#\%HPN`V.P))Q0!ZY0`4`%`
M!0`4`%`!0`4`,BFBFW^5*C[&*-M8':PZ@^]'F'D/H`*`"@`H`YR^\)>#5N);
MZ_T#2#-=2C?+/:QDO(QP.2/O$G\2:%O9`]%<?_P@G@__`*%31O\`P`B_^)H`
M/^$$\'_]"IHW_@!%_P#$T`4_^$2\`RZH;%=`T(WL*^8T"VD6X*>Y4#IR.M"U
MNT#TT9<_X03P?_T*FC?^`$7_`,30`?\`"">#_P#H5-&_\`(O_B:`([CP9X)M
M+:6XN/#.AQ01*7=WL8@%4<DD[:!I-NR&R>#_``/"T"R>&]"1KAMD0-C"-[8)
MP/EYX!/X4[.]A+576Q-_P@G@_P#Z%31O_`"+_P")I`1)X-\$R7,MNGAG0VFB
M"LZ"QBRH.<$C;WP?RHZ7"]G8E_X03P?_`-"IHW_@!%_\30`?\()X/_Z%31O_
M```B_P#B:`.@H`*`"@"EJ&D:?JOE_;K2.<Q9V%ARN>N#VS2LKW'?2Q9M[>&T
MMX[>WB2&&)0J1HN%4#H`*IMMW9*5MAL%G;VTL\L,*I)</OE8#EVP!D_@`/PI
M;*PWJ[DU`!0`4`%`&!XD_P!=8?[TG_H!H`\?H`]2\-?\A8_]<9/_`$;0!UM`
M!0!FZUH&E>([)+/6+&*\MTD$BQR#(#`$`_D3^=`&#_PJSP-_T+-E_P!\G_&@
M`_X59X&_Z%FR_P"^3_C0!-:?#;P;87D%Y:^'K2*X@D62*15.593D$<]B*`.J
MH`P;OP3X8O\`51J=UH5E+>@[C*T(RQ]3ZGZT`;U`!0!ROC;4VTT:+NU5M+M9
M[[R[BX!48C\J1L$L"`,J.>U$;.=F^C_0M+]W)K=6_-&'H^H:KK.IZ3:C6[D6
M3?;76>)4#74<<L8B8DKC&&/(`R/K5Q3MS26J2T\[O\TMB9)*+Y7UM?\`[=N_
MN>GR&VWB*XEU2!&UUO[2>_FAN]-R@^SVZ[P'VXW*`JHV\G!S[BLU;E3OIRW;
M[.WZ/2P233>FMU9=U=??=:^16L/$NM#3KK4KR]FSIC0R^28POVFRR09R,9RR
MDM@="@Z9JFU%*4UULUV;6GXZ_>N@K7;C#MH^]GK^"M\[]3J+>XU:[^']Y?BX
M>._NH)KFW.`#"&!:-<>PV_CFIJ_N8J^\;7_-_P"1='EG4_NMZ>FU_GN<\_BN
M[NX;+5)]4.E:)J4R1)<R%4"1I&S,V6&%,C_*">PXY-:.*C+EEYO\DE_[=WZ&
M,9-P32OLOF[MOY;>I#:W$^H^(O#JZGJ]Q%&K7EQ:,[I&UPBN%CX(^8E&8\?P
M\^]3%\MY/=15UZN[_)7\RYI-<L=G+1_+_P"2>A$-7U2?29KV/59K6*#2Y=2D
M6"-`TC2R,8020>BICU-#A)+EZ^[%?XNOXM%*W.N9Z7E?_"K)?AU)=7\27YO;
MC3WUR6RU6*:UM+>UA"!IC($WRE2"=OSD`\`;?6KBE*HN7;F>G9+]6E?[C)WC
M2]YZ\M[^;T_.WX^1U7B.XNY-:TC3+749;)'6:YN7B"EC$B@8R00,LZ\^U8MV
MYI/9+\;Z?DS6SY4ENVE^#_X!R">-KVTT@_:]1(OGT6*6UB<`//-*S!6"@<[0
M$R1P,\UJX-R<+ZWBO317?HV_P$G&-IO6*YGZI/1>ME^)?U"[UZ6\NC::U/#Y
M6H6NGVZ*B%6;"&9VR#G@MQQ]VE&TI)]).7R23_5$-\L7W25_5O\`X*N4-1U,
ML+.TU/Q%]FLUUJ4I>W#1JRQ0I@C<0%SYO`)'<5,6FXR>CLWZW;2_\E94HR2G
M%J^L5Z:*5_P&2^)=<\K3K"XU:&Q%Q%-+#<WERML\X,I6$9*-N(3#%0`3E:=G
M)\NSM'[VM=.O;[PNHKFW5W]RMU\^C[(ZW0!JE]KVHSW>K3/;6#I:K"B*L<KB
M)3(YXS]YN@/&*:MR\RZMV\DG;]&1JFHWV2OZ[_DT<]*\^CZCXFNEU:YM[>35
MX8KB=BI6WB:*,L_(P,9"Y/`'YTHZ0IQ>S<OPO;[V;5;WYEORK_TJWX*[)H/$
M\UMY%U)K*RZ#'JYA&HR.NR2`P$_,XPI42G:&]@*J-DH\V[3_`#T_#[Q634N7
M6UOEJK_A]U_(;IVJZEX@O+&*+6[F&VF_M)]\`0%UCG58^64X`!J91<:;EU48
MOYNY<E&^G\R7_DM_S,/6_$ESJ/A*Y75M<-B\V@1SV\2A%^V2.K^9P02W11A>
MF[-:N*56RZ26GEI^M]?(*:<*B717U\T[?E]]SKO&DT,$/A>6XU$Z=`M\-]R"
MH\L>1+GE@0/3)Z9J-%5=WT?YHRI7^KNW:/YHYRX\5:HEO8))JZ1:;*UV(=1G
MN4MA/LD`B_>%"IRI)&`-V,U&MM=)66GGKT^2TZ7^ZK)/357_`$3M]]U?R+LN
MJ:E9KJ-Y->117#VNFB[O+?#)&C,XDD4D8P`2<D8'6M&HI\NRYW_Z3&R^;LC!
M7<KK5\JM_P"!2_342?Q5=Z;:W6K6NJ/JFAV-XL8G&V3SD>+&`RC#;92O(]2.
MU9VE9*VLKI?@T_S7XFUHWWT5F_O:?X>\:7@K5-;O]4?3M5N6>?2(6BO2$PLT
MKME#^"#/_`JOW7%R6VB^:OS??H0V[I=]?D[67XM?([NH*"@`H`*`"@`H`*`"
M@`H`*`,#Q)_KK#_>D_\`0#0!X_0!ZEX:_P"0L?\`KC)_Z-H`ZV@`H`*`"@`H
M`*`"@`H`*`"@"I>:;;7TUI+<(6:TE,L7/`;:R\^O#&FG9W7H.[LU_7<M!0,8
M`&.![4A";%W%MHW$8)QR:`*^HZ?;ZIIUQ8W(8P7"&.0*=I*GJ,BCJG_6@TVM
MBRJJB!%`"@8`'84-WW)2LK(0HC)L905]".*!BE5)!(!(Z<=*`#:N,;1CITH`
MRY?#]G-JJ:A,]Q)(CB1(VG8QJP&`0N<?TSSUHC[NW]7_`*^[0'[VC-3`]*`$
MV)D':,@8'%`"X'H/6@!"B,,%01Z$4`#(K$%E!*G(R.E`#@`.@Q0`A4$$$`@]
M?>@!/+39LV+L_NXXH`7:!T`H`0HAQE`<=..E`"E0PP0"/>@!#&C*%**5'8CB
M@!=HYX'/6@!`BJ@0*`HZ`#B@!<`$D#K0`M`!0`4`%`!0`4`%`!0`4`%`&!XD
M_P!=8?[TG_H!H`\?H`]2\-?\A8_]<9/_`$;0!UM`!0`4`%`!0`4`%`!0`4`%
M`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`
M4`%`!0`4`%`!0`4`%`!0!@>)/]=8?[TG_H!H`\?H`]2\-?\`(6/_`%QD_P#1
MM`'6T`%`!0`4`%`&99^(M'O]3NM-M=1@DOK5RDUONQ(I'^R>2/<<4`:=`!0`
M4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`
M!0`4`%`!0`4`%`!0`4`%`!0!@>)/]=8?[TG_`*`:`/'Z`/4O#7_(6/\`UQD_
M]&T`=;0`4`%`!0`4`?&'Q3)'Q1\0$'!%T?Y"@#UCX'_$S5];U>3PWKMX;H^0
M7M9I,F0E3RI;^+@DY/\`=[YH`]WH`*`"@"GJ.H#3H%D^RW-RS-M$=O'O;IGZ
M`<=212;L.PNF:E;:OIL%_:,Q@G7<NY2I'L0>AS5-6)3O^7W:&+XW\0WOAO1[
M6XL(8);BXO(;51/G8-[8R<<U*O*I&"Z_Y7*T4)2?17_$P)?'VKZ=;^*K74M/
ML_[3T.T%TK6\C-#*K`D`YP0>.E)R_=\ZZ-(:C::B^J;^XT=2\;-:6_A9K86L
MTNKW4,$R!\^6'0L2`#V(QS6S@O;NFMO>_`P4W[#VKWT_$K#Q/XH\0:KJL/A2
MTTM;+2YS;23:@TA,\JC+*@3&T#.,G/TK*-^15'L]EU]3>249\G72_P`S-U#X
MGZD/!%AJ^FZ/&^J3:@;":SE<D)(H;<`1U^[Q]:<FDXM?"U?Y+?\`445\:D]8
MM+[VE^IN6'CE-6U;PS%81QO9:S:37#.Q.^,H%^7TZD@_2JE'EE./9)KSNS/F
M]V+ZMV?E9-_H5O!_BGQ!XGV7;_V/#9_:)8FA#OY^U&*Y`Z=LTHKW8R?57^\N
M?NSE%='8[HD*I)(`'))[4M@,N/7[:6^FM8HI)#%+'$73!7YUW`]>E$=?O:^Y
M)_J#T^Y/[VU^A+J>LVNF:7>7[-YR6B%I$B8%ACM0M6DNK2^]V$WRIM]$W]RN
M79)4BA:61@D:C<S'H!2DU%78X^]:Q5LM7T_4-,AU*UNXWLYE#)*3M!!&1UZ?
M0U4HN+LP6NQ3U/Q);:7<2PR12.8X4F)3&"&DV#OZ\U*=W;S2^_\`X8'HK^3?
M_@*3_4GUS6K?0=,:]N59QO2-$4@%W9@J@9('4]S3ZI+J-*Z;[:EJWO(YH8V8
MK%(R!VB+J63CG."1QGJ.*;T;)6I(+B`P^<)HS$/XPPV_G2V&/5U=`R,&4C((
M.0:-@.;O/&^F:?<:NEPLPBTMH8I)$7=OED^[&H')/*_G26J375V7G8;T=GVN
M_)%;_A8VBFV5EAOS=M<M:_8A;-]H\Q5W$;?9><YI]$UV;^2=G^(N]^EOQV&S
M_$KP_%86=Y%]KNDN;=[D)!;LS1Q(<.SCL`>#0_=;OLK:]-=OO&DWMO=JW6ZW
M1JZ5XGLM7U:XT^W#;H[>&ZC<_=FBD!VLOX@CFJY6D[]'9D*2?+;JK_H/\0^)
M+7PU:)<75K>W`8G"6=LTS``9)..@`[FLW))V9HHM[&-??$SP_8:=9:BRWTMA
M=1+,+F&S=HXD8X!=L87GC'6KM:?(_P"K[$+WH\R\_P`-R;5?B#I.C:@MI=VF
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M'S?3UHZV"^ER6@`H`P/$G^NL/]Z3_P!`-`'C]`'J7AK_`)"Q_P"N,G_HV@#K
M:`"@`H`*`"@#Q3XA_![1II->\7WNLW<7R/<O$D:XR%X4$^I`'XT`>:?`EU7X
MKZ>.1OBF`[_\LR?Z4`?6U`!0`4`8OBA9)-*\E=/U*]1V`==.NA!,H]0Q=./4
M9_`U$E?0I::E7PG;ZGI.AZ7IE[9'Y4DW.K)B!0W[M&Q]YMI`)'&0:VD[OY+Y
MOK8SBK)OS?K;7<J?$;P_>>)-!LK&S@:;;J$$LH641D1JWS$'(Z#T.?2LXI>U
M@WLK_DRV[4YI;M:?>B'6O`]G9^!/$.F>';`F]U"V=29)B\DS[<#=)(<_F<"I
MJ7E%17=?FKCA92YGV_0QKSX<V]J/!]SHWA^T@O;*]@DOI(5C1@@0[R3D;OFQ
MTS71S)8AR7PVE^*T.?ED\/RR^+W?P:N3Z=9>*/!.IZY;Z;X>_MFPU&\>]MY8
M[N.(Q.^-RN'P<9'49K&+?LHT^L=$_(Z)V=1S[VOZ_P#!*UKX%UBQT/P["R13
MWRZZ-3OS$X"1[MQ;&<9`R!QS6D>6,X);1BU]Z_S,Y+FA4?633^YK]$&E^!M7
MT3XL1WMK$K>&E6XGB.\9@DE"[TVYS@E<C`QS6=.\82C+M9>E[_AJ56]Z49+O
M=_<U?YZ#?`/AZ_\`#UXD=]X%1+LW,S'5Q+;E@C,Q'1M_0@8JJ;M",=K))A5U
MJ2EOK=';>+["ZU/PS<VMI%YTA:-C#D#SD5U9DR>/F4$<\<U.THR:ND_Z^[<J
M.S7=-?@<U8:'>MJ,MW;Z`=,MY=3@N5@9HP0JQ$,Q",0#D]`30DXI>LOQC9?B
M3*SOZ17W2O\`D9:>&]?N(M1+:1]FDFTR2W,<:P1Q&7>I`3:<E<9P7Y^F:TIV
MC;U@_N;O]Q%=.3?+VG^*T^\]/N;=+FREMY$5TD0H589!R,<BL:D>:+2-*;Y6
MF><:;H-[INB^'!/X6DN8M,ADM[FR3R,R2E443J"X5A\K#)(;#=*VJ24YN26Z
MT\M=OGY`M$XK^:_JM?\`-;]B6'PKK,.EB`VV6^QQHJ"12(_]),@C!S_"A`].
M.*E?$F^\->]MV0U>+MU]I_Y-:R-KQ#X:O=0TV6*:ZDU8/?6\T<%Q%"%@19E+
MA2%!(VYZDG`]Z=.RE'FZ7U^3_4TO\7FGIYF;J'@V>73/$K6=A%%?W=VK0NH3
M=)`HBR@)X`(5EP<#UXJ;VC#R;;_\";^?1DPTG*^UK+R]VWYE&7PWJ<FAF:VL
MM2C/]HI=3V4R6@>15CV_(BDQ==K88\E<^E/X>7JM?E?^OQ&M5)=;+\'?\M/N
M6QV7A'3VTW0$A:*ZA+R22>5=>6'3<Q.,1DJ!SP`>*<MDNR(6[9Y]J&E:C?P^
M.]$M+87%U+JD-T\1*AWMV5.8RW`;Y&`)Z$>M1'^'3OM&3OWWO^J^1I)_O)6Z
MQ5NW8S6\&>(?[*MX7T6];2EU.6Y$"7$0U%5:/`)EW8^\3GYMV,`TVM$GO9K3
MS>E_EOYB7VK=X[^6_P"EOF-U/P1XFN-$T2SO='EG2VTZ:W1=/EABDBD9OD$I
M)`9-N-P&03G(-5-MS<EO:/IIOIZ[>01LHI=+M^=GY]][_(Z_PW;WK?$<M=>5
MY]AH-O;79@&(_.9RV!]`#^=7>+]K*.SDK?):_FC-II4H/=)OY.R7Y&I\0F\1
M2:)'8>'].EN?MC^7=2PR1K)#%_%MWD#<1P#VZUSM*4E&2]WK_E_F;1?*G*._
M3_/Y'+:WI^N7>E:)X?M?!MY'X;AC5KJV2Y@\U]C';$27QC@,2"<YQZUJY7J\
M\M;;>O\`P#.*Y:?+'1O?T_X)TVI:1J.N^,=!-Q9&WT33(C=D,ZG?<XVHF`?X
M`2<],T1]V<IMZ[+Y[O\`03UIQ@EOOZ+9??\`D5O$GAJ^DTO?<76KZW/'>+<6
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MS'&P'+#D=>`?>HVE&5MFG]SU_`=KQ<4[737WHY;5]&N[F6Y>/PI)/%?Z<EM:
M1EH5_L]QOSN&["C+*<IN/R^PJFF[Q3L[WOY67STU^\(6BXR>RW7S_4]`LXI(
M+*WAFD\R6.-5=S_$0.33FTY-HB"<8I,FJ2S`\2?ZZP_WI/\`T`T`>/T`>I>&
MO^0L?^N,G_HV@#K:`"@`H`*`&^;'YOE;U\S;NV9YQZX]*`/$/VA/&D=KI</A
M*TDS<7.V:ZQ_#&#E5/U(S_P'WH`Y;]G/29;CQC?ZH,>3:6OEG(_B<C&/P4T`
M?35`!0`4`%`!0`4`5KB_M[6[M+:5R);IF2(8)R0I8_3@&A:NR[7_`"7ZB;44
MF^]OS_R+-`PH`*`"@".6X@A>))9DC>9MD:LP!=L$X'J<`G\*%KH@Z7)*`"@`
MH`CBN(9S((9DD,3;'",#M;K@^AY''O1TN'6Q)0!2M]6L;C37U!;A4M$+AY9/
MD5=C%6))Z`$'FBVWG;\=@6K:71M?<7`00"#D'H11L"UV%H`KW]]!IFGW%]=.
M4M[>-I9&`)PH&2<"CJD5&+D[(?)=00VXN)IDBAX^=V"CG@<GW(IM6=B$[JZ'
MA$#EPH#D8+8Y(I#'4`%`#51%9F50&;[Q`Y/UH`4D*"2<`=Z&[:L"M%J-I,]N
ML,ZR_:(S+$T?S*ZC'(8<=QWIV:;78-BU2`9+(L,3RN<(BEB?84I244V^@TFW
M9%:PU2TU.-7M9"X:))AE"/E<94\CTJY1<6T^CL1&2DDUUU+E24%`!0`4`%`!
M0!@>)/\`76'^])_Z`:`/'Z`/4O#7_(6/_7&3_P!&T`=;0`4`%`'#_$?XCZ=X
M$TF13*DFL31EK6VP3GL&;T4$'ZXH`^6D\<^)$\5KXF_M25M54\2M@C'3;MZ;
M<<8Z4`.*>)/B5XMFFCADU#5+H[V$8`"*./HJ@8')H`^M_`_@^Q\$^&K?3+1`
M9<![B8_>EDQR?IV`[#\Z`.DH`*`"@#F_%=C-J-SH-LOVH6S7W^D_9W=/D$4G
M#%<$+NVBG!)RU[/[]"[VIR[Z?FCFH8=43QJT$UQ=P/'>AK?%K<R+);!0`GF`
M^4`1G.[G//7%*#?+=[^]?IWM^EK>G<SFK:+;W;?A?];W_P`BG9OKTO\`:CZ?
M:7UK+)I<N(2L^4G##`WRG#/@M@KQ]>*:45!\VUX_=KS6Z[?U<<K^U7+_`'O2
M^EK^7Z&F--T[6+C0EL;;5TL4NW:;SQ<1$$0,.KX8`G`/8GUS5)>\V]N5V^^/
M](RE=12ZW5_NE_39I6QOK3X<SK-;7=S<0B6-8F>19602,%^8?.?E`/')'UJ)
MNZ@WU4;_`'*__!1I3O>2\Y6_&W_`9SVFV6I7TD%K,+\:>=:R/+6X@'D?92?X
MCO"%_4X)/O6D4FH\W:7YZ?AL7HHRMVC^>OX'3Z.+ZS\%:A');W=Q-;R7:00L
M[+*Z+(XC4,>>5P`WT-9U'>$?17_7;\2HQBJK2>EU^2_4Y:REU.&VOKE(+[[#
M#<V5P$C@N`0H<^;M63+M@`9QUQTJU:-G+O+[N6R^5SEDI2NH_P`J^]2N]>]@
MO;8ZK>V>L7EEJ9LH=<=P##.LBPM;[581@;@-^.W&3G'-.DN1QOO:2^?-=7^7
MR-&[JIV]W\E>Q=07[:\(Q'J8UP:H7:0I+]G^Q[C@;O\`5X\O`QUW<XS6<-EZ
M._K9_K:UNGS*K=>7RM^%_P!;W_R&Z9X=N)6T871U7;<6URUX&N)@"X9?+#<\
M8R<#BIV@TOY5]]OS+=FV_P"\_NU_#1?TS/N9M;DT_1A):7ZZBEG:.9BEPS.V
M[]X,+A$(`^8MUSC%;RM[9M;<R^[3\-]/F9S7+"45T4K?C;SOMK_P2:XTZ[TV
MW\4PZ9;7L=X^HQS.P29P]JQ0L4(^\<;\A#NXQZ5C"RA!/9-W^^5OEMY=QM-U
M)OJUI]RO\][7^0^%9TLK*:\GU.ZT-[V1GCM[.ZB>(&,!%V',I3?N.>F2.PJG
MND^SMZWT]-+VN)O=Q[J_I9W_`!M>WGYEQ=%N+WX,ZAI@M+K[0\-SY4,VY92?
M,<IGN2>.O6B;2]FWTY+_`"2N/#Z3EV;E^+97OC`!!NM]:.F/IP33U@BN=ZW&
MYMVX`;E;[F"^`.:*G,W+E^+2W:UON];A2Y5"%]M;_A\^^W^0ZYN]9LK:[L+V
M#4)=3NH[)T>W@=X\@()3O4;5P0<@D=>]/W74M';GO\M/^"9KF5.\M^1KY^]^
M.J&:A%)<:9XHM;FUU677)([SR]L<QA:(AA&%/^K/R[0`.<YXZU,$G&-O*_KS
M*_\`P&NAU1:5=/II;[O\[[]2/7O#LRV6K6,4.H36*6UE<JK22R$R+*WFE3DD
MML494>W&:IN*:;Z3_"R_`R@OW:MNXR7SMI^))K9D9[Q+:'6/.ELXAH9BCGVH
MVT_?XPC;L9\S''XT13Y]=^;7M;3Y=]M?P%>*LW\-OG>[^?:W3\2V=,U%=0N-
M2)OS>+K4*IB23R_)*QA\)G;LY;)QV]J(V7+;KSW_`/)K?I;_`()C)SM*^ZY;
M?^2W_6Y%X3356\3+_:%U=1WD33FZB:SN-DJECM_>L?*P/E(V\XX]:5/X/DOO
MTOY]_+\#6I?F^;^[6WZ?/S-"]MM6'C/^RXENCIE[-'?M<!FV1>6,-%GMN98S
MCN&:BGY_9O;SOM]S;?W#J;7773TMN_FM#(L[:\O;ZTM#%J@U,RSC5FF$RPM$
MRN`%8_(1GR]NPY`].:BUZ32_E_\`)M/UOY6^17-RSUWYM/2_^7SN0:!9WEIX
M?TJUL[;483!HUW%<(\<JXN0(@`-W?(;;CCKBM<0U*-1QZI6[[OYE4E&,DG_/
MKZ:_AL2:K;7VA:;(MH^H;;FRM`XDGD8R3&8*PW$DABI(.WG'0=*4G^\<4M.9
M6^YW_)?KU,:?P1E+?EE?[E;\6[&YX113X=UB,>8+PRR&:V8RDV[%`5C'F`,1
M@@@X&<UG67[BRUT?Z_\`#%TM*UWIM]W]7,1;'5VT+[((]0B!MM)CQ%O1EP^)
M<$<@@?>QT[UU3Y957?;GE]W*K?*YAA[Q@K_R?C[WX[!JUMJ^G?:[>W%X-'AU
M8%PR3S_N3;J>`A\QD\T\[2<'V!K!6M'F[2^^^GX7M\O(Z)12^#LOUO\`I<[7
MPG'/%X;M5N+J6Y;+%7EA>)MA8E5*R?,,#`^;DXJI]/1?D9QZM=S:J"@H`*`"
M@#`\2?ZZP_WI/_0#0!X_0!ZEX:_Y"Q_ZXR?^C:`.MH`*`"@#G?%G@C0O&=BU
MOJUHK2;=L=P@`EC^C8^O!XYH`\@;]FIAJ"[/$8-ENYS;XD`].N,]>:`/7?!O
M@?1_`^E"RTR'=(W,MS(!YDI]R!T]!VH`Z2@`H`*`"@`H`*`"@`H`*`"@`H`*
M`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`KWMC:ZC:M;7MO'/`Q!*
M.N1D'(/U!YHL-.PVQTZSTR`PV5M'!&S;F"#&3ZGU-._0FUM2U2&%`!0`4`%`
M!0`4`8'B3_76'^])_P"@&@#Q^@#U+PU_R%C_`-<9/_1M`'6T`%`!0`4`%`!0
M`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%
M`!0`4`%`!0`4`%`!0`4`%`!0`4`%`&!XD_UUA_O2?^@&@#Q^@#U+PU_R%C_U
MQD_]&T`=;0`4`%`&*_C'PQ%(T<GB32D=3@JU[&"#^=`#?^$U\*_]#-I'_@=%
M_P#%4`'_``FGA7_H9M(_\#HO_BJ`#_A-/"O_`$,VD?\`@=%_\50`^#Q;X:N9
MDA@\0Z7+*YPJ)>1LS'T`!H`V:`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*
M`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`P/$G^NL/]Z3_
M`-`-`'C]`'J7AK_D+'_KC)_Z-H`ZV@`H`*`/@+))]_I0!TOAWPDNJV,FJ:GJ
M4.E:3&XC\^1"[RO_`'(T'+&@#JT^&MDT/FKI'BEK;&1<"WB#%?[WDYW?AG-`
M',>(_"$6F6"ZII&J)JNF;_*D<1F.6W?LLD9Y7H>>G!H`YRS)2\@_ZZ*?U%`'
MWO0`4`4M6U*+2--FO)59]@`2-/O2.3A5'N20!]:F3ML-)/?8;HFIKK6B66IK
M"T*W,0D$;$$KGL2*TE'E=B==4^EU]VAB^.];OM"TO3I["14DGU*WMW+*&RCM
MAAS[5,-:L(/9W_)C>E.<NJ7ZH3Q=K=]I&K>&+>SD5(]0U$6\^5!RFQCQGIR!
M1#WJG+Y2?W+0FH^6GS+O%?>S#L_&^H67@_Q3-JKI)J^AW$L`PH7S,_ZDX'KN
M`J7>5*#AO+3YWL_\S5)*M*,OA6ORM?\`S*6N>*M7T;7-"TK5?$]MHZSZ89[J
MYEMT8-,"!@`\#J?RJWRNI-)Z*UOQ,XW]E"36K;O]USTC2V=]*M7>]6]+1AOM
M"H%$H/(8`<"G-6=FK"B[JZ=QL6L:=,]ND=["S7`<Q`.,N$.&Q].]3?2_E?Y=
MRO\`.WS[?@8VH>.='TR(W-Q.C6;&!8I8I`Q?S20#CC`&,Y[@&FEKRO1W:^Y7
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M_ER!9`=K9(V_7@\>U*^B?<.MOZ[$)\9:'_;.GZ6EXKS7\)F@=""C`$#&?4D\
M?0U23;:73]0>D5)][%N+Q'HT\\\$6IVSR0*S2*)!\H7AC^'?TJ;KEYN@[/FY
M>I/IVJV&KVYN-.NXKJ$-M+Q-N7/U_$5336Y*:8@U?3B\2"]AWRS-;H-XRTBY
M+*/<8/'M26NWK\AO3?\`J^QDS^--(M=7%K<7UM%;-`95G>4`,P<HR_AMY-$?
M>;7I;SO?^OF#TM\_PM_G^!J3:WI=M?1V4U_`ES)MV1EQDY^[^>./6A*[L@;L
MK]".W\1:-=ZB=/M]3MI;Q69#"L@+!E^\,>H]*%JKH)>Z[,NSW=O;/`D\R1M.
M_EQACC>V"<#WP#^5"U=@Z7*5SXAT>SC\RXU&"-?,:+)?^-?O#\._I2NAV>W]
M=R4ZSIJQRR&^A\N&`7+L'!"Q'.'SZ':>?:JLUIYV^8HKFM;KL70RE-P(VXSG
MVI/3<%KL9*^*M!>!YTU:U:-&"EED!Y.<8]<X.,>AHV28=6NW_#&?JOC"*RAF
MGLXX[R!=,FOTD63A_+(&WIWSU]J<5=M><?\`R:_^0X6E.,.]_P`+?YG21/YD
M2/C&Y0<4-6=B(OFBF/I%&!XD_P!=8?[TG_H!H`\?H`]2\-?\A8_]<9/_`$;0
M!UM`!0`4`?#'A?13K_B2PTW?LCGDQ(_]U`,L?P4$T`=[XO\`%4^CV<#Z5!'9
M27Z9LBBC?9V2_*@3^ZSD,S$<].:`/,S?W;7'V@W,IGSN\PR'=GUSG-`'I'@W
MQ9?ZG;RK>!+ZZTZ,RR"8!GO+3I-$Y_B*@AU)Y&#0!R/B31H]"\:3V4#;K42I
M)`WK&X#I_P".D4`?;E`!0!CZ[H3ZT;-H]4NK"2TD,J-;K&V6VD<B1&'`)QQ4
MM/==FOO'TL5?"^DZKH.BZ5I=Q/'=)!"RSRLP#*W&U4"J`5Z\GGIUK233?R0G
MNWW;?RU_'_@D'CWP_J7B+0[:WTI[9+NVO(;I?M3,L9V-G!*@G]*A7C4C-=/\
MK#T<)1?56_%%"\T#Q/KLWA^ZU<Z5#<:9J?VEUM9)&5H@A'&Y<[LGIP,=ZN-H
MU%/R:^;,YIR@X^:?W/4JZY\/[_4O'\6JVUU;1Z-<-!)J-NV?,E>$DH1QC'W<
MY(Z4J+Y).^R=UZM6_P"#ZEU??@DM[6?I=/\`X!=\1>'_`!#+XVL?$.B)IDH@
MLGM7BOI73[S!LC:C>E3"\7+SM^%QRM*,5V;?WHZVP^V?8(?MZ0)=[1YJP,6C
M!_V20"1]15.U]"5?J>?:G\/]8FO[^ZL+RUB=)BVFEBV85ES]HW<=]Q(QZ"I@
MDDHR]'_AZ+U_R1<I>]S+U7^+3_+??5FGJG@^[:.\&G"W"JMB;6)W*@FW<MM8
M@':",#(!^E:*HU+GZ\S?WQ2,HP4=.G+R_.[?ZEJ\\.7U[%K+NMLDU^]LZ@.6
M"^7MW`G;Z@XX_*H2Y6K=)7^6G^13NT[_`,K7S][_`#1OZO!>W.CWD&G3K;WK
MQ,L,K#(1L<'H?Y&D[]"HV3U,CPKHVH:9/J=QJ&T/>2(ZJ+I[AEVIM.691_+%
M4K*-EW;_`"_R(U<KOLE^+_S.?\4S:2/$E\+GQ)HUG,5L`8+F]2.1/*G,K94]
M,JPQZ_K54Y*%K]V__);&SDG&WE)??8R[E_#5WJNLJ_C;0H],N89OLB+?Q[XI
MIE"R,1G&."1S_&U96M3<>NR]+W_/\$A*5JD9^C?JE9?A^)>\):[X<TRXGN-1
M\0:%'<>2ENLJ^(/M.]5)/1PNP9/`&>M:N2:;[N_],R2:LNB_X'3Y$VM^*=&&
MMIJ>D^(_#-TSVK6DD=UJJ1!`6W;@0&S[K@9XYK'ENI1>TK?*U_\`,N]G&7:_
MXV_R.5%]I,*:AX?L_$OAZ2SGTNUL9+VXU%$*@"0,R`9#XS]W(QD<UT<ZE+F>
MW/?ST4?SMOZF:;C/F2UM\M7+\K[=K&FUSX<3Q-/,WB;0[O3;F[BNRS>(/),3
M(J`?NERK\H""2/0]*B$K6OTO^-_\[#DM++LE]W]?>7/[<TBR\-6]C8>,-`6=
M;R6:=4U6.+S8W=VP)!DJ?F4Y`[$=\U/\J[)+YI)?F5'3G;W;;7WW_+0K:1J.
MC:5<:'/_`,)7X=F:VCNH+D'5T^5)90X96.2Q&W&#C.>M4VFG#HXQ7SBK;>9*
M34?/F;^3N5X+S2I+"STRY\4^&8[?2[>:&VGCU9&>X+QE`77`V#!R>6R:B=YQ
MD^K5K=.G^6QK=*HGTYN;\]/Q/1_#>J:1?:9#:Z5JEA?&SBCCE%G.DH3C`SM/
M&<''TK2I+FFY+J8TX\L%%]#E]<\#:M>:Y?ZAI]U;QA66[T]9"W[NZ^0.6P.%
M*QXX_OM6<;QC;KLO\+O?YW>GHC5\LGJM.OJOA?\`78THO"$MM;/;Q-$R_P!C
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MN9KWDI2WNW]_^73R,^X\%:[9Z3/I^F-8SB\TD6$TD\KQB)@9#N4!6W`^81C(
MQ@=::DDTNB:?GI9?H;1G9J75.3_\"=_P_JQW=S9FZT>:Q+[#+`8MX[97&:RK
M+VBDEU,Z+]GRM]+',?V=XK;0[6S\JQMFM&CC(MKMU-Q$JD'Y_+S'SM.`#T(S
MS6DWSRYWUOI_6_X$TX\D.1=+6?\`P/0H1^"-570Y;-I;;SGTR\M,^:S#?+)O
M4Y(R1CJ>M-22_P#)/_);W_X`Z2Y*L9OHY/[VK?D=]"AC@C0]54`XJ9.[;%!<
ML4A](HP/$G^NL/\`>D_]`-`'C]`'J'AQMFLH#_'#-C\)1_C0!U]`!0`4`?(_
MP=N+"#Q)J9NS&D[:7.+9G8`;\#(&>Y&?UH`R_B5_R'-.*D&#^R[7RB.A79V_
M'-`'&4`=A\,DEE\:011HSJUO.'51DE?*;-`&[\3I-/;5_"\4`'V^'3X$O,$'
M##&U3CHP&?TH`^LJ`"@".6>&`QB65(S(VQ`S`;F]!ZG@\4=;!TN24`9MEKVG
MZA<1P6TQ:21)'4%",A'V-_X]Q32NK^C^_5?D3S*]O5?=N23:M:P:K!IC>:UU
M,A<*D3,%4<98@849XYI+5M+I_7Z%/1)_U_6I>H`*`"@#,O=?TW3M12QNK@13
M-;O<DMPJ1)C<S'H!R.M*ZLWVM^.P[/3ST,]/'OA:33[B_&MVPM;9E65V)&PM
M]W((SSV/>F]$F^HEKHB$_$?P<MFMV?$-F+=G,8DW'!8`$C\B/SH>E@6I?L?%
M>BZG=65O97JS_;HGFMW0'9(J,%;!]03TJN5W:[6?R>PKJR?G;YFU4C,3_A+_
M``\-?_L+^UK?^U=VS[-N^?.,XQ].:(^]M_5@E[NXMAXN\/ZIJ4VG6.K6\UW"
MI9XU;D`'!([$`]<4+6/.M@:L^5[DND>)=&UZ2:/2M0BNS!]_R\D#DC(/0C@\
MBFDVK@]'8EFUS2[?6+?2);Z%=1N%+16^[YV`&2<=A@&E'WKI=`?NI-E.U\8^
M';W6I-'MM7MY=1C+*]NK?,I7[WY8I)WBY+9!+W6HO=D-GX\\+7\=W)::Y:S)
M9QF6<JW^K0=2?:GM'FZ?Y@U:7(]_\MR_HGB+1_$=O)/H^H0WL43;':(Y"G&<
M4[-*XKJ]C1DD2&)Y9&"H@+,3V`J6U%7923;LB@NOZ2^A?VVNH0G2PAD^T[OD
MVCJ<TY>Y\7]7%'WOA+MO/%=6T5Q!()(95#HZ]&4C(--IQ=F*+4E=$E(95NM0
MMK*>TAG<J]W+Y,0P3N;:S8]N%--*[LO4=M&^W_#%JD(*`(YYX;6!Y[B5(8D&
M6>1@JJ/<GI1Y!MJ0IJ%M)J<VG*Y-S#$DSK@X"L6"G/3JIII75_D-JR3[_H6J
M0@H`*`*J:A;2:G-IRN3<PQ),ZX/"L6"G/U4TTKJ_R&U:WG^A:I""@#GO$C9O
M+"/OB5_R4#_V:@#R&@#TBQE^RS6%V3A$N7C?_==F7^>V@#MZ`"@`H`^`10!V
M-A:2^-M&M--BNHAK&F1M';0S-M^TPD[@B,>-RDMP>H/M0!5AT/38XULKV#6U
MUT2[&M8[1=O7&!\V[/X4`='JTEKX%\/7.GVMDMGK.IQ"*4//YMS!%G+!R`%0
MMP-H&<9)/2@#SRV_X_8/^NB_S%`'WO0`4`<AX]TZ&[AT:ZN+>XF@L[]))A;B
M1G"%6!(6/YCR5Z#BB&E6+]5^&GXE;TY+T_!J_P"%S(NA>MKDL4<>J#6O[2C>
MWDV2_9Q:!ESEO]7C9OR#\V[WQ3I;J_GS?C;]+6_S(E:S[67+ZV7ZWO?I\B70
M;#58KZW:"'[/.+2]5)+F!C&K-=`KN`()R.<9&137P67:G^"=_P"NAG;]Y=]Y
M_BU8CU[1-0-UJ]_(DDNJ#0W5)[(2HC2_.`$7<><8XR3WJ(I7DEHFX_\`!_KH
M=-/6=/F\_P!+$'B/3KO3);&VBEODTQK1AY@CNKMQ<$CYCY3;@V.A/'7I3=W.
M26FUOQOY=M_RN90TA%OY_<K?KM_D,N8=<_X298;R_NDD+6OV2X2QN'#*%7S/
MN'8F6W[@_8^@%7&SF[+J]/+IKM;]1/2G%;^[^.NMM^W]7/3Z@H\M\60SR>,O
M$L*V'V^:Y\.!;:W)(\P"1@ZC'/=3QSTJ+7IU$OYH_=;?Y:E[5*;>UI??I^:*
MO@A[_1K?Q%J4MGJ6JI'90^5<75D\4\KHI'D+&1D@'H0/XN2:UJR?LWR[N3MY
MWMJ^QE3C><4]DM?+79&@NF:OX<^%AM[:TDG\1ZO)F5DB+>7/.?F=L#@(#U/'
MRBE4A&3C0B_=6E_+J_G^I5.;]ZO):[V_)?D6+S1X-$\1_#S1M/7!LO/!('/E
MB'#$_5BOXFK4^>M.73E?YJQ'+RT$GOS+[]6ST2LRSRZ9=0LOB,#X>.KE[O4`
M^I07-F!:"((%9TD*CG"KC#'/I3HO2S^%*7K?5K\?P%5VNOBT_I_+\3&U2TUG
M7?%E[)ID&IW.=,O+<&_LOLPL68?(D3``/D\9^;CG-9)?NI^:7J[/:WH:W2JP
M\G\MMS2\"_\`"7&"6RT^YNHK2"Q@53K-CM6&X!P\:*H0LH7OD\XY-=,WS<TK
M]=.[5O\`.WXG/!<O+'R=^U]+?J6O$$\EI\1/"EQ-I=U/<VHD^WW=EITAB9GB
M"J0P!XSV).!44FO:3Y=$U;YW3_IFE2ZHZ[W3^2O_`%8BTH7]CXZ^SZ)_;,FF
M33W,VIPWMD$BBW9(,3E06);H`6R*B%G2:E\*CIWOV_,JH[SNOBNO2UK7,O2K
M.X-EJFB1'Q!/X1_LQHI3<Z?Y=Q%(6QMB&P,^%))X/2KO[MY='&S]/TV!OW[Q
MW?-?MK^IV'P[GUF8:JMX][-I,<J+I\]_;B"=UV_/N4*O`/0D"F]8)RWN_NZ&
M5K3M':R^\ZO5D:31KY$4L[0.`H&23M-<]=-TI)=C>D[3BWW/-8="U);-?#AT
M^8:0]LNI,QC^4.(^8,?WO-`?'UK7$:JI;[/-;SO>WW:K_P`!,</=*G?[2C?R
MM:_WJR^\;-%?PZ2EM-;ZLNI'3+9-)\B.79'*(^=Q4;5(?&=^./QK:;O7DUOS
M?+ET^5M_/\"*"4:<.=:<OSOK\[[6_P"'-6\TW4SJ&J:C_P`3`WD6JV:P;))-
MGE8A$A5,[2O+Y..Q]*F'*G'S<K_C;]#=J\;/^7\=?QV*$,-S)XCTQY[/5I=6
MM]4N7N69)?($1281X8_N\;=@!7IGG!-1!V@VOY-?\6E_QO\`(;^TGW5O2Z_I
M^9'I\.L74&I2VT5W9M'917,<;_:%5;B-RQ0O*?G/&TD<$&AR5-.3U2:?JK.]
MEZ=^I-N>2CM?F7H]+;>>NAVO@V:>_P!%;6;@2*VJ2FZ2-R3Y<9`$:X[?*`3[
MDU4H\B4'NM_5Z_AM\B(RYVY?UI_F[L;X]TUM5\$ZI;1PR32>5N2.,G<Q!SP!
MR?I6>BE&3V37W7U_`K5QE%;M/\M/Q.5U32/M;ZQJ&F0:F@AT.(V!4SQL90TQ
M`VG!9A\O#9//3FM5[NKWYE]VG],TIJ,E",MO>O\`A_2+MQINJ2#Q5J$7]H?;
M@Z):A974>7Y,>_RUSMR?GY`ZCU%1)1C%=KZ^G-_EV(U:C;?E_P#)M=_PW*?F
M7$?VN^TB#5AH<,UG)Y<L4XD++(?.*HXWD;-N0!S@XSS51:C9R[O[G&R_\FV[
M&<US1Y8;VU^33^^U[_)%/4]1U&[G(AM+Z6*ZOYY([:?SH6:(0Q@/M52^`6)`
MQC/7!Q6;B[*+[2OY>\[?.Q2?O2ETO'Y^[M]Z$&C-<:;?7MA-J%T]OX?A%I<Q
MM*AEG4RDG&<EPV/E.2,X[UNVN;F762^ZT?PMU-*:BU"$W_-?[U_P3U:$L8(R
M^=VT9SZXK*5KNQE"_*KCZ11RVJ2_:=<N"O*6L`B_X$WS-^FV@#RF@#TJVA2X
MTQX7^X[2*?\`OHT`=#H6H/>67E7!_P!+MSY<WN>S?0CG\Z`-2@`H`^*;_P"'
MGBZSOI[9?#>JSB)R@EBL961\=P=O2@"!/`WC%'#+X6UI6!R"+"4$?^.T`=$K
M_%M;46JVWBD1!=@'V>?(7TSC-`'.R>"/&4LC._A?6V9CDLUC*23]=M`&CX?^
M&_BO4-=LK670-1LHY)5#3W%E*J(,]2=M`'V90`4`4]2U:QTB!)K^X6"-W$:D
M@G+8)P`/8&E?6P[-JY+;7<%W:)=0/OA<;E;!&1]#S3E[NXEKL0S:M9P:+)J[
MRD64<)G9]ASL`R3C&>G:FTT[?UJ.*<W9%Q&#HK+T(R*&K.Q*::NA:0S-_P"$
M@TK^U?[,^W1_;-VSR^?O8W;<]-V.<9SBB/O;`]-S2H`KR6-K+?0WKVZ-=0JR
M1RD?,JMC(!]#@?E0M+VZ@]="Q0!'//#:P23W$J10QJ6>1V"JH'4DGH*!I-Z(
MC-E:27T>H&"-KI8S&DV,L$)!(!]"0/RHVOY_H+=(9J6IV.CV,E[J-W%:VL8R
MTDK;0*3:0TF]B"^U_2],@@FN[Q8TG&Z/@L6&,D@`9P`>3VIOW9<KW$O>7,MB
M_%+'/"DT+K)$ZAE=3D,#T(--IIV8DTU=#Z0PH`*`,Z+7=-FU%["*YWW*.495
M1B`P&2"<8_6A>\KH'IHS1H`C:X@6X2W:9!.ZEUC+#<RC&2!U(&1^8HW#8DH`
M*`(Y[B"UC#W$R1(6"!G8*"Q.`.>Y)`%"U=D`V&ZAGEGBC8EX&".-I&#@'OUX
M(Z4=+AL[#IX8[F"2"9`\4BE74]"#P12:35F--IW0L420Q)%$@2-%"JH&``.@
MJFVW=DI)*R'TAA0`4`%`%+4-(T_5?+^W6D<YBSL+#E<]<'MFE97N.^EBS;V\
M-I;QV]O$D,,2A4C1<*H'0`53;;NR4K;$E(94U._CTVQDN7&XCA$'5V/11]30
M!S,$+PV;^:P::3=)*P[L>30!YC0!Z=8#;#+&>L<\J'\)&H`?()[:Y2^L\?:(
MQM*$X$J_W3_0]C0!T>G:E;ZE`9(&(93M>-N&C;T(H`MT`%`!0`4`%`!0`4`%
M`'-^+;.\O7T-+*26&1-05C-'&'\L>7)R001CD#GUI1^-/R95U[.2]/\`TI$$
MFD7$_BN%KRXO+B.UL`RR*[1QO+YAY(3"DX[>]2]%4:WLK?<[B_D3\[_^2V_4
MX;4;?4)O"S6NJVNLS7$N@Q)9)#',W[_:_F!]O`;[F=_4<>M=+Y?:Z;\R].73
MY;WO\C1.U5/[-W]]W^EK=-S>F;4'\9V8BL[N#R[N-9&"W#B2'RL%MV?+5<G&
MWKD9ZUDM9/L^:_XV_1JWH<^JII=;1_-7_6]_\B[X4&HR^([JPNI)C;Z"'MT=
MG)$YD(9">>2L>T<]V-.#O#G>[T^[=_/3\2YZ3Y5M\7W[+Y/F^Y%2YL)9/$J:
M9IL]X\0U5;^X26P=$BP=S$3D!6!/`"Y//H#4T=.5](\WXW^_5_<365TUU?+^
M'+^B^\?X^DU#[8T=C:78G2V#V\\2SR;GWG*J(SM4C`)+=0<<XITOXBOWC]U]
M?*W]=BJNE)VWM+[[:?\``[&UXB\S56M+"*.^1(M0B6X:(/$&0H2<,,97D`D<
M=JE*\XOIK^3_`%#50:ZV7_I2_'<Q=,TN^L-0TRX3^T21JUS`XDDD=1:A9=@(
M)QMR$P?ISS5P:2N_Y7?UNOQL5.,?>MTY;?.U_P`W_2-KQ9`WB3X=:K';6UP9
M+FS<Q0NK1R%L':"O!!SV-0[1<6^C3_%?H52^.S\T<K?%/+=8[?6_(DTY%T@0
MQ7(*SY?=NXRK9V<R8&.G&:N5VWR_%?3M:RMY=[]3*E9*/-\/7O?K_P`"WF=5
MXK=HO`=TE[!+<7DEHT2K!;/,QF:,C@("1R3STYZUG7LVU#Y&F%;BXN?2US&7
M4%M+[1=9EL=0DLCI;V>%L9C(DNY/E,>W<N=IY(QQUZ5I5UE4BOM6M_Y-]VZW
M,*<6H4WMR[_<M?/9[#;ZUN=&^&6@V=V+J*2.:TCFCM682!3(NY`5Y/''%.;3
MK1OJM?G:+_X<J3;A.4=+NZ^<E_F:?A.Z>W6Z7R-0_L^[OF&GB>*3<D?E@DMO
M&Y%W!\;L=1ZBE)>XEUL_ST^=K#=N9M;:??U_KN8VF>';B5M&%T=5VW%M<M>!
MKB8`N&7RPW/&,G`XK/:#2_E7WV_,T=FV_P"\_NU_#1?TSJ?"=[<R:%I=K?Q7
M0OUL(I)GFB8`L1@@L?XL@Y'6MZMG.3CM<CEY79;7=O1/^O4P='N)K/Q9J\$M
MSK`,MW*\=H+`_9G!08;SO*X/']_&:PC?V-MVD_+[3>G]=0:_>7V5U_Z2EK_7
M0Q;`:A/;:D6_M#3K>6SA+!;>[E\N42?,IW'<YQPS)C(^E6[)/JKJWGO\UTW'
M>\EITE^EO*^]BY9V?G>(O#&KW6EWEN/L]Q;IM\]PLGF*8RP/**P#'Y\`#@]!
M5?#SJ.[2M]SNNVFG_#DNW(K[*7]/[_ZL9EG%KSZ3JHEN;]=633;E;B!;.Y!D
MF(^4B1B4)!^[Y?8\<5,4FE;;W?S5_/O<VCR^W5]KO[M?EV_JYT5WX:!U"VM%
M.I&T33)G)%U-\TQ*8+-NY;J0/TI5':-1QW5K?^3;?@84[\U-/K>__DH>);"X
MU7X;Z4]]!<S7$#6=Q<*JOYORNAD.U?F)`W<`9].:UJ<D<1?I=_D[?C85#F="
MSW<?Q(GLKN]GG@5=12PDU>WV8:6-O(^S)GGA@N<@^^<\U#6L.;^]?\;?\`TD
MUR>Y_+'_`-*U^=B.RTO4K&YL)[8Z@9O[4NH#YLDCJ+<++Y8()QMR$P?ISS4J
M_)IORO[[JWS+<87?9.-OG:_YO^D+X`34SJ"/?75TMS':;+V"6SN$#39!W>9(
M2C$?-]S@@^@%:>[9\NVEOQ[Z^IB[W2>^O]?Y'HE9E!0`4`%`!0`4`07=Y;V-
ML]Q<RB.)>I/\AZGVH`YF26;4[Q;RX4QQ1_\`'O`W5,_Q-_M']*`'3L([>5CT
M523^5`'GG]BWG]T?D?\`"@#T.1/L^MZA;G@,RSI]&&#_`./*U`$E`$$EL?/%
MS;RM;W2C`E3J1Z$="/8T`78/$%S;C;J%FS@?\MK8;@?JO4?AF@#0AU[29^$U
M"!6_NN^QOR.#0!:^VVO_`#\Q?]]B@`^VVO\`S\Q?]]B@`^VVO_/S%_WV*`#[
M;:_\_,7_`'V*`#[;:_\`/S%_WV*`#[;:_P#/S%_WV*`#[;:_\_,7_?8H`/MM
MK_S\Q?\`?8H`/MMK_P`_,7_?8H`/MMK_`,_,7_?8H`AMSIMJTS026\;3R>9(
M5<9=L`9/O@`?A1LK!UN3?;;7_GYB_P"^Q0`?;;7_`)^8O^^Q0`?;;7_GYB_[
M[%`!]MM?^?F+_OL4`'VVU_Y^8O\`OL4`'VVU_P"?F+_OL4`'VVU_Y^8O^^Q0
M`?;;7_GYB_[[%`$5P^G72HL\EO(J.LBAG!PRG(/U!H6CO_78&KJS)?MMK_S\
MQ?\`?8H`/MMK_P`_,7_?8H`/MMK_`,_,7_?8H`/MMK_S\Q?]]B@`^VVO_/S%
M_P!]B@`^VVO_`#\Q?]]B@`^VVO\`S\Q?]]B@`^VVO_/S%_WV*`#[;:_\_,7_
M`'V*`#[;:_\`/S%_WV*`#[;:_P#/S%_WV*`#[;:_\_,7_?8H`/MMK_S\Q?\`
M?8H`/MMK_P`_,7_?8H`/MMK_`,_,7_?8H`/MMK_S\Q?]]B@"O-K>EV_$NH6X
M/3:)`3^0YH`H3>(S*-NG6<DI[2S`Q(/S^8_E0!G&"6XN%N;^;[1.OW!C"1_[
MJ_U.30!8H`J:D&DLS;I]^X985Q_M''\B3^%`'4_V?:?\\%H`R?$</D/;:FH^
M6(^5-_N,1@_@<?@30!7H`*`"@!KQI(,.BL/<9H`B^PVG_/K#_P!^Q0`?8;3_
M`)]8?^_8H`/L-I_SZP_]^Q0`?8;3_GUA_P"_8H`/L-I_SZP_]^Q0`?8;3_GU
MA_[]B@`^PVG_`#ZP_P#?L4`'V&T_Y]8?^_8H`/L-I_SZP_\`?L4`'V&T_P"?
M6'_OV*`#[#:?\^L/_?L4`'V&T_Y]8?\`OV*`#[#:?\^L/_?L4`'V&T_Y]8?^
M_8H`/L-I_P`^L/\`W[%`!]AM/^?6'_OV*`&M:62*6:W@50,DE``*`(-VC_WK
M+\TH`IWR07,UC::9/8QW$\^S)C608",V".N.!T(-`$\)@CO/[/U'3HK2^QD*
M4!CE'K&^`&^G4=P,B@"]]AM/^?6'_OV*`,_4[[0-%$7]I2V5KYK;8Q(%!8^P
MH6LN5;@]%S/8LW8TK3[5[J\6UM[>,9:20*JC\32;2W!*^QF:5K_A36[HVVFW
MMA<S@9\M-NXCU`[U23:N)M)V#5=?\*:)<"WU*]T^VGP#Y;[=P![D=14IIZ(J
MS1IV8TO4+2.ZLUM9[>0922-596'L15--:,E-/8I7.J^&[/5(],N;FQBOI"`D
M#;0YSTX]Z4?>=D-^ZKL35-7\,Z),D.IW5A:2.NY5EVJ2/6E=7L.SM<ETJ^T#
M6XI)-+EL[M(SM=H@K!3[U5G:Y-U>Q2OO$O@_3+UK.\U'3H;A3AHV*Y4^_I^-
M*/O:(IIK<FU+6O"^C2QQ:C=V%J\B;T67:"R^H]J5];"MI?H)IFN>%M9NC:Z;
M>6%U.%+;(MI.!W_6JLVKBND5[GQ5X,LKYK*XU/38[A&VLA*_*?0GH*4?>V*:
MY=S5O9=&TZQ-]>-9P6H`/FN%"\].:3?+HQ+WMBII&L>&=>:1=*N;&[:/EEC`
MW`>N.N*JSM<5U>Q-J%_X?TF:"&_ELK:6X;;$D@4,Y]A26KY5N-Z+F>Q?E>ST
MZVDN)3#;01KN>1L*JCU)I-I;C2;T1G:5XLT#6[IK;3=7MKF=1GRT?YL>H'>J
M2;5T2VD[&S2&%`":;%]MUT-UAL1N/H9&&`/P7)_$4`=10`R:&.>%X94#QNI5
ME/0@]:`.2CCDT^Z;3;@DL@S#(?\`EI'V_$=#^?>@"S0`4`<]XRUZ?P]H0GLX
MTDO;B9+:W63[N]S@$^PY-+64XP74I6492>R5S/N[K7O".@ZCJ^KZQ%JL<,&]
M8OLRPE9<@``KU7GOS[T2=E9;MI+_`((H1<I:^=S+U/4/%OAG0H?$E_K,%Y"&
MC:YL1:JB(C$`[''S9&>^:TLHU53>J;M<F-ZD'*.CM>PNI>--2TKQ^\$K(?#\
M7D1S'8`T1E!VN3Z9&#]:FDN9M2[M+U23_$)NT8RCVN_2]B[:W_B#6[+6VL]7
MBLI+#4IHD8VJRAHE4$+C(YR>M9MN-*-3R?YO_(TLG4<%_=_%&(OB+Q1:_#&3
MQ5<:U#++-%&T40LU00DR!22<_-Q["M9)1E&#ZM:^31G2_>7?92_#_AC3T7Q9
M>#6]0A?5;?6])MK$W37EO$%\IQ_RS)4E22,GUJ9/EIRDUMMYCBN:4$GJ^G8K
M+J/C&?PB_B]-7MHD\DW2:;]E4Q^6.<%\[MV._3VIS_<VYM=K_P#`'!>U=HZ;
MV_X)KZ1XHNM6\86=LA"Z?<Z,E\(]HR'9\=?I5N'*ZB?V6E^9%_<@^][_`"-3
MQGJ=UHO@_4M1LG"7,$6Y&9=P!R.U8N[<4NK2^]FL$FW?L_R.6M_&NJ/I6G07
M#1Q:O%J\5A?+L&&5LX8#L&&"#6J2E.-MFG]Z3_4RNU"=]TDUZ-HZ+P_K%YJ'
MB'Q)9W#JT-A<1QP`*!@%`QSZ\FLUK2YNMW^`V[57'I9?C<Y*7Q;XEN/"^E36
M-S$-0N]0N+?<T((*H'*C'_`0,T7LHO\`NW?X%M)2DO[R7WFCK?C6\F\(Z5=Z
M(\<=_?PO.2R;Q$D:%I,CZ@+^-.M[DGR[)7^73[[BHKF24MVTOGU^[4JZCXOO
MXF\+)-KEOI4.HZ>UQ<7$L2L-X52`,],DFKJ)1JSBMEM]YG&3<(NV[8EQXSUA
M?AW9ZP]W;V\\M^MN;H1#8T)<CS-IZ9'.*E_%!/2^_EH7':I;6VWX%G5_$MWI
M_@>XU;3_`!+;ZB?M440NE@0)&"P##`X/!S0_B@GI=_A_2)O[LVM6EMYD=GKU
M_J4FO:<VI6VLZ9%9ATOH(@JASP8R02I..>*:5X-M=?O_`.&"3M))=5]Q['_9
MEA_SXV__`'Z7_"I*'1V%G#()(K2%''1EC`(H`;J&FVFJVC6M[`LT+<X/!![$
M$<@CL1R*`.-$LNG:\-'2X.IP@$M,,;[7C(64]#GMCYNF1U:@#S;XN^'=/L[>
MVUI$=[^ZU&)&ED<MM0*?E4=`.,TZ/NUX17?]1U/>HU&^B/4-2TFPUJR6TU&V
M2YM]ROY;_=)'3([TFE>_8F+]VQY.-)T^]^-]DGAFSAM[;2HPUZ]N@2,,-W''
M&>0/S]*=!OWI]-OZ_KH.NERQAUW^5_Z^\Z+QU?Z%H;7XE\(7&HW=[;EY+F.T
M#Q]"H#2'E<8'0<5C+6+BM#6*U4GJ5OAW>V'A7X42:C-J,5U#$SS/Y3'",<8C
MYP<]./4UT5VXJ*6O1>>IST8\TI?U;0Y6_P!'N;77?!VMZHO_`!-]7U3SY\_\
MLURFQ/P%.E%4ZRIKI%W\W9W*J2]I1E4\U;TU.H\;Z?,?B'IVIS>&;C6].BL6
M1XXX!(-VXXZ\9%80]V4VUT1<]802>S?Y(MZ-XKT!_"'B"Y\.Z6-*N["%WFM3
M`L3*X4X)`Z]/TIU;^RNGIL%)+VMI+_ACD/"FO:7H7@J.\U#P?>7T$S%KS49(
M$99&9CW;E@,X],UK)J/+'9:&<.:3<MWJ>KW.G>&]<T^#5;S3K*[MQ`'CEG@5
MML>,]QP*BHO9MN6_4JF^=)1."^%VDV^J:MKWBFWM([*UN&:VLHXHPBH@ZD`<
M=E_'-/E:P_*WK(').MIM'^OZ]3BAJ=MHGA?6?"5QIEK=S-<F(:NN&A4L?O.X
M!((_STYG2K&"V_KH4[TYR;U_/^OU.K\;6"Z3X?\``_VECJ&A6$B?:Y(QO1QA
M<-CN,;L?E6CFEB>:6FC^_P#JQG%-X=J.]_PU(X=<T/4?C!X>O?#(V03Q20SL
MD#1))A3V(&>WY"BBFI33V:'5:Y(]T_\`(M?$WP[I^G:CHVJQ([WUYJ\?F32.
M6.WG"CL%'H*FA[M:,5Y_H%;6E)O^M&:OQBE>32-&TS>5AOM0CCE`[KZ?GC\J
MFFE*O"+]?R*G)QHSDM_Z_P`BCX_TVR\/^)O!E_I=K%:2K>"W/DH$W)E1@X]B
M1^-71;>(L^J9,TE0?E;^OP/5JD9!<SO&$B@3S+F8[(H_4^I]AU)H`Z+2]/73
M+!+<-O?[TC_WW/4T`7*`"@"EJFF1:G;"-F,<J'=%*HYC;U_Q'>@#G5EEM[G[
M'?((KD?=(^[*/53_`$ZB@"Q0!A^+?#Q\2Z(;..X^S7,<B3P3;<[)%.0<>G^-
M+524X[H:LTXO9JQFRZ-XC\0Z+?:5XC?38H)[<Q@V>]V+Y!#G=C`&.G/UHDDU
M=;W37D$&XR\BA<>&_%6N:;;:)K=SIJ:9$R>?-;[S+<*A!`VD`+G`SR:T4DZB
MJ/IK;S(2<8.$7TM?R-.?PB+[5_$+WIB>PU2UA@5%)W*4#9)XP.2".>U9VO3<
M>M[_`(+_`"-$^646MDK?B1>"_"^I>'O#VH6.I7<-S=7,[R"6/.""H4$Y`YXY
M_K3J^_24%O9_BV_U)A[E3FZ:?<BK-X+U"3X50^%A/;?;41%+EF\OY9`QYQGH
M/2KE).I"?1-?@A4ER1DGUYOQN7_^$3DA\375U:F"/2M1LS!>VXRI,G0.H`QT
M)!Z5FU>$H/9[>7?^NXTW%PDMT8\?A?Q='X</A5;W3?[+V&`7F'\\0GMLQMW8
MXSFJD_:-.?E>W6P1_=MN'_#%FY\+Z[IGB6TU+PY_9K00::M@([V212`K9R-J
MGVI\\FYM_::862A&/:_XFYXGTB\U[P?>:6CP1WES"%R2?+#<$\XSC\*3LIIK
M9-/[F.FVE[V]G^1A>(/`MSJ/BG2-9T^YAA$,L37L;Y_>B,Y4C`/S#D=N#3IO
MDJ.737[VFB))NDH==OEH_P!"Q/H7B/2O$.J:AH$FGRPZIM>6.\+J8G5=NY2H
M.1CMQ6:3Y.3I=O[RW9RY^MK?<,L_!-S86/ANVCNHI6TV\:ZN9'ROF%@^=H`/
M=N_:M;I336RC;\B)7E%WW;3*EC\/KJRO?$4GVJ%X+N"6'3HR3B`2Y9P>./F(
MZ9X%8M/V+I]?T6QLI+VT:G1:_/2_Y$L_A77K6X\-76G?V;--I5BUK*ES(ZHQ
M*J,J0IR/E/7%;3E>K.:VE_G<P4+0BGNFV5Y?`6J)X;EM[>YLWU&;55U)E;='
M`I!!V+@$XX]*E/E=.WV;_C?_`#+?O<]_M*WY&EK.A^(/$7AJ33[Z/3+>X^TQ
M2(()79"BN&.25!SQZ4*RG"79W9,DW"45U5B8>$YX/$.J36<L4&DZG;!9H5R&
M28<!U7&.1UH@[1<7WNOU*EJTUOL_T.G^T:S_`-!5?_`=:0$,NMWVEW5G+J&J
MPBR>4I,9(E0*NQCG=GCD"@!UUJU_KN8[/S=/TT_\MB-L\P_V0?\`5CW/S>R]
M:`'6MK!90+!;1+'&,G`[D]2?4GN>]`'F?Q'T_P`9>))%TVP\-I)8VMTD\5R+
MN,&3"]"I((Y)_*E3;C.,WT*E9PE!=4;.L7/CG4?`LXM-&2QUN23R_)6Y1BL7
M=@V<9_&E4C>R77<5-VO?IM^!B^"[?QAX8M+73(_!$,4+R`W-TVH1L[$GYG(!
MR>.U;74FD]$9V:N]V;^MZQXWLKZZM]/\+VVHVKDBWG6Z5,#'\:MU[^E86<H\
MKT-=$[HR?"?PQ^S^"[S2/$$A+W]P)Y([9\"/;C`!]>.:UE:T8K[)%VYRF^O_
M``YF^)/A0[:KH9TI]0N;9;C_`$MYKT%HDR.5W$'/7IGI4P_B>]M9_>.7\-VW
MT.NU>_\`%6A3PVNB>'4U?3TA5%D:[$<BL./FW=>W/UH<G*3;0**C%),Q_"W@
MC4GB\27_`(A$4%YKRLC01'<(5(/?N>?TI2BE1]E%Z[C4W[55&MOZ_0PX]#\=
MIX/;P-_8EM]F),?]IFY79Y9;=]SK[?TJI?OK<VEK?@*/[J_+K>_XG4^+-"UF
M'X=0>&_#EN;F4QI:NYD5-L8'S-\Q'7&,#UI57[6HF]%<=+]W%OJ;VF>'DTKP
M?%H-K)Y6RV,/F+UW$<M^9)HK_O;I$T?W=F_4\VL=&\::3X-NO!J^$[:ZCF#H
M+\7:!/F/WBIY)&?8\"B;]JDGI:WX%1_=R<EJ=A;6>O\`@[P3I6GZ9ID>M7%N
MNR>,SB+@Y/RENH!./I55)<T]%I;\B*<>6.KUN5-!T+7M7\81>)_$5E#IRVD)
MAL[&.02%,]68CCH3_P#6Q1"T%)WNW^0Y7E9=%^9E>/K'QKX@U&UM[/PS&]GI
M]ZMQ#.+R,&8#U4D$5%-N,U4?2Y4TG!P77_(TO$^@^(/&?@RV>>PBTW7+2Y%Q
M%;F8.IVY`&X<<@YIOW)QJ1UL)6E&4);/^O\`,J)I/BKQEXFT6\\0Z1%I-CI+
M^=L$XD::3C&,=!D#_P"O5PM&;J>5D3*[A[/[V>C7%R(62)$:6XDXCA3[S'^@
M]Z@HU]'TAK,M=W;"2^D&&(^[&O\`=7V]^]`&O0`4`%`!0!7O;&VU"W,%U$)(
M^HSU!]0>Q]Q0!@3Z5J5ADVY^WVXZ*Q"RJ/KT;]#]:`*JZC;>9Y4K&WF_YYSJ
M4;]>OX4`6@<C(Z4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0!'+!%
M-L\V))-C!UW*#M8="/0T`24`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%
M`%::_M8&"/.OF'HB_,Q^@'-`$L-IJFH$>3!]B@/66<?/^"?XX^E`&[IVDVVF
M*QB#/,_WYI#EW^I]/8<4`7J`"@`H`*`"@`H`*`(YH(;B,QS1)(A_A=01^M`'
MFOBR-+">06:+;`'I"-G\J`.7_M"]_P"?R?\`[^&@`_M"]_Y_)_\`OX:`#^T+
MW_G\G_[^&@`_M"]_Y_)_^_AH`/[0O?\`G\G_`._AH`/[0O?^?R?_`+^&@`_M
M"]_Y_)_^_AH`/[0O?^?R?_OX:`#^T+W_`)_)_P#OX:`#^T+W_G\G_P"_AH`/
M[0O?^?R?_OX:`#^T+W_G\G_[^&@`_M"]_P"?R?\`[^&@`_M"]_Y_)_\`OX:`
M#^T+W_G\G_[^&@`_M"]_Y_)_^_AH`/[0O?\`G\G_`._AH`/[0O?^?R?_`+^&
M@`_M"]_Y_)_^_AH`/[0O?^?R?_OX:`#^T+W_`)_)_P#OX:`#^T+W_G\G_P"_
MAH`/[0O?^?R?_OX:`#^T+W_G\G_[^&@`_M"]_P"?R?\`[^&@`_M"]_Y_)_\`
MOX:`#^T+W_G\G_[^&@`_M"]_Y_)_^_AH`/[0O?\`G\G_`._AH`/[0O?^?R?_
M`+^&@`_M"]_Y_)_^_AH`/[0O?^?R?_OX:`#^T+W_`)_)_P#OX:`#^T+W_G\G
M_P"_AH`U=`EDN[PI<NTR<?+(=PZ'UH`]7L;.UM($%M;10Y49\M`N?RH`M4`%
)`!0`4`%`'__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
