<SEC-DOCUMENT>0001398344-25-012720.txt : 20250703
<SEC-HEADER>0001398344-25-012720.hdr.sgml : 20250703
<ACCEPTANCE-DATETIME>20250703172935
ACCESSION NUMBER:		0001398344-25-012720
CONFORMED SUBMISSION TYPE:	N-2
PUBLIC DOCUMENT COUNT:		17
FILED AS OF DATE:		20250703
DATE AS OF CHANGE:		20250703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Saba Capital Income & Opportunities Fund
		CENTRAL INDEX KEY:			0000826020
		ORGANIZATION NAME:           	
		EIN:				956874587
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1030

	FILING VALUES:
		FORM TYPE:		N-2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05410
		FILM NUMBER:		251106466

	BUSINESS ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
		BUSINESS PHONE:		212-542-3610

	MAIL ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE, 58TH FLOOR
		STREET 2:		C/O SABA CAPITAL MANAGEMENT, L.P.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Voya PRIME RATE TRUST
		DATE OF NAME CHANGE:	20140421

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ING PRIME RATE TRUST
		DATE OF NAME CHANGE:	20020205

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PILGRIM AMERICA PRIME RATE TRUST
		DATE OF NAME CHANGE:	19960518

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Saba Capital Income & Opportunities Fund
		CENTRAL INDEX KEY:			0000826020
		ORGANIZATION NAME:           	
		EIN:				956874587
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1030

	FILING VALUES:
		FORM TYPE:		N-2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-288532
		FILM NUMBER:		251106465

	BUSINESS ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
		BUSINESS PHONE:		212-542-3610

	MAIL ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE, 58TH FLOOR
		STREET 2:		C/O SABA CAPITAL MANAGEMENT, L.P.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Voya PRIME RATE TRUST
		DATE OF NAME CHANGE:	20140421

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ING PRIME RATE TRUST
		DATE OF NAME CHANGE:	20020205

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PILGRIM AMERICA PRIME RATE TRUST
		DATE OF NAME CHANGE:	19960518
<IS-FILER-A-NEW-REGISTRANT>N
<IS-FILER-A-WELL-KNOWN-SEASONED-ISSUER>N
<FILED-PURSUANT-TO-GENERAL-INSTRUCTION-A2>Y
<IS-FUND-24F2-ELIGIBLE>N
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-2
<SEQUENCE>1
<FILENAME>fp0094187-1_n2ixbrl.htm
<TEXT>
<XBRL>
<?xml version='1.0' encoding='ASCII'?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:us-gaap="http://fasb.org/us-gaap/2025" xmlns:us-roles="http://fasb.org/us-roles/2025" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:cef="http://xbrl.sec.gov/cef/2025" xmlns:country="http://xbrl.sec.gov/country/2025" xmlns:srt="http://fasb.org/srt/2025" xmlns:brw="http://sabacef.com/20250703">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html"/>
</head>
<!-- Field: Set; Name: xdx; ID: xdx_029_CEF%2D2025 -->
<!-- Field: Set; Name: xdx; ID: xdx_037_brw_sabacef.com_20250703 -->
<!-- Field: Set; Name: xdx; ID: xdx_048_20250703_20250703 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_058_edei%2D%2DEntityCentralIndexKey_0000826020 -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_065_Ratio_4_xbrli%2D%2Dpure -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000003" name="dei:AmendmentFlag">false</ix:nonNumeric>
  <ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000004" name="dei:EntityCentralIndexKey">0000826020</ix:nonNumeric>
  <ix:nonNumeric contextRef="AsOf2025-07-03" id="xdx2ixbrl0044" name="dei:EntityWellKnownSeasonedIssuer">No</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="brw-20250703.xsd" xlink:type="simple"/>
  </ix:references>
 <ix:resources>
    <xbrli:context id="AsOf2025-07-03">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_dei_BusinessContactMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="dei:EntityAddressesAddressTypeAxis">dei:BusinessContactMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-02-012025-04-30_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-02-01</xbrli:startDate>
        <xbrli:endDate>2025-04-30</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-11-012025-01-31_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-11-01</xbrli:startDate>
        <xbrli:endDate>2025-01-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-012024-10-31_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-01</xbrli:startDate>
        <xbrli:endDate>2024-10-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-05-012024-07-31_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-05-01</xbrli:startDate>
        <xbrli:endDate>2024-07-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-02-012024-04-30_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-02-01</xbrli:startDate>
        <xbrli:endDate>2024-04-30</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-11-012024-01-31_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-11-01</xbrli:startDate>
        <xbrli:endDate>2024-01-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-08-012023-10-31_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-08-01</xbrli:startDate>
        <xbrli:endDate>2023-10-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-05-012023-07-31_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-05-01</xbrli:startDate>
        <xbrli:endDate>2023-07-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-02-012023-04-30_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-02-01</xbrli:startDate>
        <xbrli:endDate>2023-04-30</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2025-04-30_custom_CommonSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2025-04-30</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_PreferredSharesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:PreferredSharesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_ActiveManagementRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ActiveManagementRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_ActivistStrategiesRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ActivistStrategiesRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_BankLoansRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:BankLoansRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_CatastropheBondsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CatastropheBondsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_ClosedEndFundStructureRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ClosedEndFundStructureRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_CoInvestmentRestrictionsMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CoInvestmentRestrictionsMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_ConvertibleSecuritiesRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ConvertibleSecuritiesRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_CorporateBondsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CorporateBondsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_CounterpartyRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CounterpartyRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_CreditDefaultSwapsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CreditDefaultSwapsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_CreditRisksMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CreditRisksMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_CurrencyRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CurrencyRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_CybersecurityRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CybersecurityRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DecisionMakingAuthorityRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DecisionMakingAuthorityRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DeflationRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DeflationRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DefensiveInvestingRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DefensiveInvestingRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DepositaryReceiptsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DepositaryReceiptsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DerivatesRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivatesRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DerivatesRiskFuturesContractsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivatesRiskFuturesContractsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DerivativesRiskOptionsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivativesRiskOptionsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DerivativesRiskRegulationMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivativesRiskRegulationMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DerivativesRiskSwapsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivativesRiskSwapsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_DistressedAndDefaultedSecuritiesRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DistressedAndDefaultedSecuritiesRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_EquitySecuritiesRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:EquitySecuritiesRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_EmergingMarketSecuritiesRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:EmergingMarketSecuritiesRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_ExchangeTradedFundETFRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ExchangeTradedFundETFRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_ForeignSecuritiesRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ForeignSecuritiesRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_FrequentTradingRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:FrequentTradingRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_GovernmentInterventionsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:GovernmentInterventionsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_HedgingTransactionsMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:HedgingTransactionsMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_HighYieldInvestmentsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:HighYieldInvestmentsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_IlliquidInvestmentsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:IlliquidInvestmentsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_InflationRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InflationRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_InflationIndexedBondsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InflationIndexedBondsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_InformationTechnologySystemsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InformationTechnologySystemsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_InterestRatesRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InterestRatesRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_IssuerRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:IssuerRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_InvestmentCompanyActRegulationsRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InvestmentCompanyActRegulationsRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_LegalTaxAndRegulatoryRisksMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:LegalTaxAndRegulatoryRisksMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2025-07-032025-07-03_custom_LeverageRiskMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000826020</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="cef:RiskAxis">brw:LeverageRiskMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2025-07-03</xbrli:startDate>
        <xbrli:endDate>2025-07-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
    <xbrli:unit id="Ratio">
      <xbrli:measure>xbrli:pure</xbrli:measure>
    </xbrli:unit>
  <ix:relationship fromRefs="Fact000050" toRefs="Footnote000064"/>
  <ix:relationship fromRefs="Fact000051" toRefs="Footnote000064"/>
  <ix:relationship fromRefs="Fact000052" toRefs="Footnote000065"/>
  <ix:relationship fromRefs="Fact000053" toRefs="Footnote000065"/>
  <ix:relationship fromRefs="Fact000057" toRefs="Footnote000066 Footnote000067"/>
  <ix:relationship fromRefs="Fact000063" toRefs="Footnote000067"/>
  <ix:relationship fromRefs="Fact000058" toRefs="Footnote000068"/>
  </ix:resources>
 </ix:header>
</div>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>As filed with the Securities and Exchange Commission
on July 3, 2025</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><b>Securities Act File No. 333-[&#9679;]</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><b>Investment Company Act File No. <span id="xdx_90E_edei--InvestmentCompanyActFileNumber_c20250703__20250703_zN4zZy1AiCw3"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000010" name="dei:InvestmentCompanyActFileNumber">811-05410</ix:nonNumeric></span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>U.S. SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-variant: small-caps"><b>WASHINGTON,
D.C. 20549</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>FORM <span id="xdx_906_edei--DocumentType_c20250703__20250703_z3XtpXEqF1V5"><span id="xdx_90F_edei--EntityInvCompanyType_c20250703__20250703_z63HI43hg1r3"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000011" name="dei:DocumentType"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000012" name="dei:EntityInvCompanyType">N-2</ix:nonNumeric></ix:nonNumeric></span></span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Registration Statement</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>under</i></b></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 10%">&#160;</td>
    <td style="width: 80%; text-align: center"><b><i>the Securities Act of 1933</i></b></td>
    <td style="width: 10%; text-align: center"><span id="xdx_902_edei--DocumentRegistrationStatement_c20250703__20250703_zrTYilrF0mwi"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleantrue" id="Fact000013" name="dei:DocumentRegistrationStatement">[X]</ix:nonNumeric></span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: center"><span style="font-size: 11pt"><b>Pre-Effective Amendment No.</b></span></td>
    <td style="word-spacing: 1.5pt; text-align: center">[&#160; ]</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: center"><span style="font-size: 11pt"><b>Post-Effective Amendment No.</b></span></td>
    <td style="word-spacing: 1.5pt; text-align: center">[&#160; ]</td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>and/or</b></p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Registration Statement</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>under</i></b></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 10%">&#160;</td>
    <td style="width: 80%; text-align: center"><b><i>the Investment Company Act of 1940</i></b></td>
    <td style="width: 10%; text-align: center"><span id="xdx_909_edei--InvestmentCompanyActRegistration_c20250703__20250703_zySm7otLzP67"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleantrue" id="Fact000014" name="dei:InvestmentCompanyActRegistration">[X]</ix:nonNumeric></span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: center"><b>Amendment No. </b></td>
    <td style="word-spacing: 1.5pt; text-align: center"><span id="xdx_900_edei--InvestmentCompanyRegistrationAmendment_dbF_c20250703__20250703_zvpzSfT4YgE8"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000015" name="dei:InvestmentCompanyRegistrationAmendment">[&#160; ]</ix:nonNumeric></span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_90B_edei--EntityRegistrantName_c20250703__20250703_z8NGWzPdMegd"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000016" name="dei:EntityRegistrantName">Saba Capital Income &amp; Opportunities Fund</ix:nonNumeric></span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Exact Name of Registrant as Specified In Charter)</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_907_edei--EntityAddressAddressLine1_c20250703__20250703_zioRCWSu5rg9"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000017" name="dei:EntityAddressAddressLine1">405 Lexington Avenue</ix:nonNumeric></span>, <span id="xdx_901_edei--EntityAddressAddressLine2_c20250703__20250703_zzMNgp4xE3yd"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000018" name="dei:EntityAddressAddressLine2">58th Floor</ix:nonNumeric></span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_90D_edei--EntityAddressCityOrTown_c20250703__20250703_zviaYxb2VOp9"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000019" name="dei:EntityAddressCityOrTown">New York</ix:nonNumeric></span>, <span id="xdx_909_edei--EntityAddressStateOrProvince_c20250703__20250703_zy2RiSH4vmHb"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt-sec:stateprovnameen" id="Fact000020" name="dei:EntityAddressStateOrProvince">New York</ix:nonNumeric></span> <span id="xdx_905_edei--EntityAddressPostalZipCode_c20250703__20250703_zpTN3hh5EpHg"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000021" name="dei:EntityAddressPostalZipCode">10174</ix:nonNumeric></span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Address of Principal Executive Offices)</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Registrant&#8217;s Telephone Number, including
Area Code: (<span id="xdx_903_edei--CityAreaCode_c20250703__20250703_zEegWNSGlCwh"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000022" name="dei:CityAreaCode">212</ix:nonNumeric></span>) <span id="xdx_906_edei--LocalPhoneNumber_c20250703__20250703_zilc2jQagxkf"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000023" name="dei:LocalPhoneNumber">542-4644</ix:nonNumeric></span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_903_edei--ContactPersonnelName_c20250703__20250703__dei--EntityAddressesAddressTypeAxis__dei--BusinessContactMember_zEi3m5wySD6d"><ix:nonNumeric contextRef="From2025-07-032025-07-03_dei_BusinessContactMember" id="Fact000024" name="dei:ContactPersonnelName">Michael D&#8217;Angelo</ix:nonNumeric></span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Saba Capital Income &amp; Opportunities Fund</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_902_edei--EntityAddressAddressLine1_c20250703__20250703__dei--EntityAddressesAddressTypeAxis__dei--BusinessContactMember_zOLbaJs88Rth"><ix:nonNumeric contextRef="From2025-07-032025-07-03_dei_BusinessContactMember" id="Fact000025" name="dei:EntityAddressAddressLine1">405 Lexington Avenue</ix:nonNumeric></span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_90A_edei--EntityAddressCityOrTown_c20250703__20250703__dei--EntityAddressesAddressTypeAxis__dei--BusinessContactMember_zd2gQcL8dEaf"><ix:nonNumeric contextRef="From2025-07-032025-07-03_dei_BusinessContactMember" id="Fact000026" name="dei:EntityAddressCityOrTown">New York</ix:nonNumeric></span>, <span id="xdx_90B_edei--EntityAddressStateOrProvince_c20250703__20250703__dei--EntityAddressesAddressTypeAxis__dei--BusinessContactMember_zeiVoBVBtbY"><ix:nonNumeric contextRef="From2025-07-032025-07-03_dei_BusinessContactMember" format="ixt-sec:stateprovnameen" id="Fact000027" name="dei:EntityAddressStateOrProvince">New York</ix:nonNumeric></span> <span id="xdx_907_edei--EntityAddressPostalZipCode_c20250703__20250703__dei--EntityAddressesAddressTypeAxis__dei--BusinessContactMember_zPqVtzb9NZt3"><ix:nonNumeric contextRef="From2025-07-032025-07-03_dei_BusinessContactMember" id="Fact000028" name="dei:EntityAddressPostalZipCode">10174</ix:nonNumeric></span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Name and Address of Agent For Service)</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>Copies of information to:</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>George Silfen</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Alston &amp; Bird LLP</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>90 Park Avenue</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>New York, New York 10016</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Approximate Date of Commencement of Proposed Public Offering:</b>
<span id="xdx_90A_edei--ApproximateDateOfCommencementOfProposedSaleToThePublic_c20250703__20250703_zkZyyTjbwgT9"><ix:nonNumeric contextRef="AsOf2025-07-03" id="Fact000029" name="dei:ApproximateDateOfCommencementOfProposedSaleToThePublic">From time to time after the effective date of this Registration Statement.</ix:nonNumeric></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">If the only securities being registered on this Form are being offered
pursuant to dividend or interest reinvestment plans, check the following box <span id="xdx_905_edei--DividendOrInterestReinvestmentPlanOnly_dbF_c20250703__20250703_zUiie8sGE5b1"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000030" name="dei:DividendOrInterestReinvestmentPlanOnly">[&#160;&#160;]</ix:nonNumeric></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">If any securities being registered on this Form will be offered on
a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933 (&#8220;Securities Act&#8221;), other than securities
offered in connection with a dividend reinvestment plan, check the following box <span id="xdx_908_edei--DelayedOrContinuousOffering_dbF_c20250703__20250703_zU10dgVE3bF2"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000031" name="dei:DelayedOrContinuousOffering">[X]</ix:nonNumeric></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">If this Form is a registration statement pursuant to General Instruction
A.2 or a post-effective amendment thereto, check the following box&#8194; <span id="xdx_905_ecef--PrimaryShelfFlag_c20250703__20250703_zU9Lqb48n6ii"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleantrue" id="Fact000032" name="cef:PrimaryShelfFlag">[X]</ix:nonNumeric></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">If this Form is a registration statement pursuant to General Instruction
B or a post-effective amendment thereto that will become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities
Act, check the following box <span id="xdx_90F_edei--EffectiveUponFiling462e_dbF_c20250703__20250703_zlLgkOyGuTG8"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000033" name="dei:EffectiveUponFiling462e">[&#160;&#160;]</ix:nonNumeric></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">If this Form is a post-effective amendment to a registration statement
filed pursuant to General Instruction B to register additional securities or additional classes of securities pursuant to Rule 413(b)
under the Securities Act, check the following box <span id="xdx_90E_edei--AdditionalSecuritiesEffective413b_dbF_c20250703__20250703_zyfpZ39ASAfh"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000034" name="dei:AdditionalSecuritiesEffective413b">[&#160;&#160;]</ix:nonNumeric></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">It is proposed that this filing will become effective (check appropriate
box):</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_90F_edei--EffectiveWhenDeclaredSection8c_dbF_c20250703__20250703_zXU2n4fP6gEg"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000035" name="dei:EffectiveWhenDeclaredSection8c">[&#160;&#160;]</ix:nonNumeric></span></td><td>when declared effective pursuant to Section 8(c) of the Securities Act</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">If appropriate, check the following box:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_904_edei--NewEffectiveDateForPreviousFiling_dbF_c20250703__20250703_zOlcicFS0sa2"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000036" name="dei:NewEffectiveDateForPreviousFiling">[&#160;&#160;]</ix:nonNumeric></span></td><td>This [post-effective] amendment designates a new effective date for a previously filed [post-effective amendment] [registration statement].</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_90D_edei--AdditionalSecurities462b_dbF_c20250703__20250703_zkfh60K0Y1U1"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000037" name="dei:AdditionalSecurities462b">[&#160;&#160;]</ix:nonNumeric></span></td><td>This Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, and the Securities
Act registration statement number of the earlier effective registration statement for the same offering is: .</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_90C_edei--NoSubstantiveChanges462c_dbF_c20250703__20250703_zJo5XIlnQaj6"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000038" name="dei:NoSubstantiveChanges462c">[&#160;&#160;]</ix:nonNumeric></span></td><td>This Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, and the Securities Act registration
statement number of the earlier effective registration statement for the same offering is: .</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_90A_edei--ExhibitsOnly462d_dbF_c20250703__20250703_zIszEsL3BbFl"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000039" name="dei:ExhibitsOnly462d">[&#160;&#160;]</ix:nonNumeric></span></td><td>This Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, and the Securities Act registration
statement number of the earlier effective registration statement for the same offering is: .</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Check each box that appropriately characterizes the Registrant:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_906_ecef--RegisteredClosedEndFundFlag_c20250703__20250703_zPJwwLGokKt3"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleantrue" id="Fact000040" name="cef:RegisteredClosedEndFundFlag">[X]</ix:nonNumeric></span></td><td>Registered Closed-End Fund (closed-end company that is registered under the Investment Company Act of 1940 (the &#8220;Investment
Company Act&#8221;)).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_908_ecef--BusinessDevelopmentCompanyFlag_dbF_c20250703__20250703_zucuXi5O7GWb"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000041" name="cef:BusinessDevelopmentCompanyFlag">[&#160;&#160;]</ix:nonNumeric></span></td><td>Business Development Company (closed-end company that intends or has elected to be regulated as a business development company under
the Investment Company Act).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_905_ecef--IntervalFundFlag_dbF_c20250703__20250703_zLMZZk6aoxx4"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000042" name="cef:IntervalFundFlag">[&#160;&#160;]</ix:nonNumeric></span></td><td>Interval Fund (Registered Closed-End Fund or a Business Development Company that makes periodic repurchase offers under Rule 23c-3
under the Investment Company Act).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_908_ecef--PrimaryShelfQualifiedFlag_c20250703__20250703_zbJK6Moi1Zpk"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleantrue" id="Fact000043" name="cef:PrimaryShelfQualifiedFlag">[X]</ix:nonNumeric></span></td><td>A.2 Qualified (qualified to register securities pursuant to General Instruction A.2 of this Form).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_903_edei--EntityWellKnownSeasonedIssuer_c20250703__20250703_z8EFIISG19z1"><span style="-sec-ix-hidden: xdx2ixbrl0044">[&#160;&#160;]</span></span></td><td>Well-Known Seasoned Issuer (as defined by Rule 405 under the Securities Act).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_909_edei--EntityEmergingGrowthCompany_dbF_c20250703__20250703_zZm2KaSQ86v3"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000045" name="dei:EntityEmergingGrowthCompany">[&#160;&#160;]</ix:nonNumeric></span></td><td>Emerging Growth Company (as defined by Rule 12b-2 under the Securities and Exchange Act of 1934).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt">[&#160;&#160;]</td><td>If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"/><td style="width: 30pt"><span id="xdx_90C_ecef--NewCefOrBdcRegistrantFlag_dbF_c20250703__20250703_zK8hFG8lGiA3"><ix:nonNumeric contextRef="AsOf2025-07-03" format="ixt:booleanfalse" id="Fact000046" name="cef:NewCefOrBdcRegistrantFlag">[&#160;&#160;]</ix:nonNumeric></span></td><td>New Registrant (registered or regulated under the Investment Company Act for less than 12 calendar months preceding this filing).</td></tr></table>


<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">-&#160;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->-&#160;&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE
OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES
THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933 OR UNTIL
THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE SECURITIES AND EXCHANGE COMMISSION, ACTING PURSUANT TO SAID SECTION
8(a), MAY DETERMINE.</p>


<!-- Field: Page; Sequence: 3 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; color: Red">The information in this Preliminary Prospectus is not complete and
may be changed. Saba Capital Income &amp; Opportunities Fund may not sell these securities until the registration statement filed with
the Securities and Exchange Commission is effective. This Preliminary Prospectus is not an offer to sell these securities and it is not
soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; color: Red; text-align: center">SUBJECT TO COMPLETION, DATED [&#9679;], 2025</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><img src="fp0094187-1_01.jpg" alt="" style="height: 174px; width: 400px"/></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span style="text-decoration: underline">PRELIMINARY BASE PROSPECTUS</span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>15,000,000 Shares</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Saba Capital Income &amp; Opportunities Fund</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Shares of Beneficial Interest</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Rights to Purchase Shares of Beneficial Interest</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Warrants</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Saba Capital Income &amp; Opportunities Fund (the
&#8220;Fund,&#8221; &#8220;we,&#8221; &#8220;us&#8221; or &#8220;our&#8221;) is a non-diversified, closed-end management investment company.
The Fund&#8217;s primary investment objective is to seek to provide shareholders with a high level of current income, with a secondary
goal of capital appreciation.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may offer, from time to time, in one or more
offerings, our common shares of beneficial interest, without par value (&#8220;common shares&#8221;), or subscription rights to purchase
our common shares. Common shares may be offered at prices and on terms to be set forth in one or more supplements to this Prospectus (each,
a &#8220;Prospectus Supplement&#8221;). You should read this Prospectus and the applicable Prospectus Supplement carefully before you
invest in our common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our common shares may be offered directly to one
or more purchasers, including existing shareholders in a rights offering, through agents designated from time to time by us, or to or
through underwriters or dealers. The Prospectus Supplement relating to the offering will identify any agents or underwriters involved
in the sale of our common shares, and will set forth any applicable purchase price, fee, commission or discount arrangement between us
and our agents or underwriters, or among our underwriters, or the basis upon which such amount may be calculated. The Prospectus Supplement
relating to any offering of rights will set forth the number of common shares issuable upon the exercise of each right (or number of rights)
and the other terms of such rights offering. We may not sell any of our common shares through agents, underwriters or dealers without
delivery of a Prospectus Supplement describing the method and terms of the particular offering of our common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our common shares are listed on the New York Stock
Exchange (&#8220;NYSE&#8221;) under the symbol &#8220;BRW.&#8221; The last reported sale price of our common shares, as reported by the
NYSE on [&#9679;], 2025 was $[&#9679;] per common share. The net asset value of our common shares at the close of business on April 30,
2025 was $8.09 per common share. Rights issued by the Fund may also be listed on a securities exchange.</p>


<!-- Field: Page; Sequence: 4 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Investing in the Fund&#8217;s common shares
involves certain risks that are described in the &#8220;Risks&#8221; section beginning on page [&#9679;] of this Prospectus.</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Shares of closed-end management investment
companies frequently trade at a discount to their net asset value. The Fund&#8217;s common shares have traded at a discount to net asset
value, including during recent periods. If the Fund&#8217;s common shares trade at a discount to their net asset value, the risk of loss
may increase for purchasers in a public offering.</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Neither the Securities and Exchange Commission
(&#8220;SEC&#8221;) nor any state securities commission has approved or disapproved these securities or passed upon the adequacy of this
Prospectus. Any representation to the contrary is a criminal offense.</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Prospectus is part of a registration statement
that we have filed with the SEC using the &#8220;shelf&#8221; registration process. Under the shelf registration process, we may offer,
from time to time, separately or together in one or more offerings, the securities described in this Prospectus. The securities may be
offered at prices and on terms described in one or more supplements to this Prospectus. This Prospectus provides you with a general description
of the securities that we may offer. Each time we use this Prospectus to offer securities, we will provide a Prospectus Supplement that
will contain specific information about the terms of that offering. The Prospectus Supplement may also add, update or change information
contained in this Prospectus. This Prospectus, together with any Prospectus Supplement, sets forth concisely the information about the
Fund that a prospective investor should know before investing. You should read this Prospectus and applicable Prospectus Supplement, which
contain important information, before deciding whether to invest in the common shares. You should retain the Prospectus and Prospectus
Supplement for future reference. A Statement of Additional Information (&#8220;SAI&#8221;), dated [&#9679;], 2025, containing additional
information about the Fund, has been filed with the SEC and, as amended from time to time, is incorporated by reference in its entirety
into this Prospectus. You may call (800) 882-0052, visit the Fund&#8217;s website (https://www.sabacef.com/saba-income-opportunities-fund)
or write to the Fund to obtain, free of charge, copies of the SAI and the Fund&#8217;s semi-annual and annual reports, as well as to obtain
other information about the Fund or to make shareholder inquiries. The SAI, as well as the Fund&#8217;s semi-annual and annual reports,
are also available for free on the SEC&#8217;s website (http://www.sec.gov). You may also e-mail requests for these documents to publicinfo@sec.gov.
Information contained in, or that can be accessed through, the Fund&#8217;s website is not part of this Prospectus.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should not construe the contents of this Prospectus
as legal, tax or financial advice. You should consult with your own professional advisors as to the legal, tax, financial or other matters
relevant to the suitability of an investment in the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>The Fund&#8217;s common shares do not represent
a deposit or an obligation of, and are not guaranteed or endorsed by, any bank or other insured depository institution, and are not federally
insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b></b></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Prospectus dated [&#9679;], 2025</p>


<!-- Field: Page; Sequence: 5 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>TABLE OF CONTENTS</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 90%; text-indent: 0in"><span style="font-size: 11pt">&#160;</span></td>
    <td style="border-bottom: Black 1pt solid; width: 10%; text-align: center; text-indent: 0in">Page</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">PROSPECTUS SUMMARY</td>
    <td style="text-align: right; text-indent: 0in">1</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">SUMMARY OF FUND EXPENSES</td>
    <td style="text-align: right; text-indent: 0in">6</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">FINANCIAL HIGHLIGHTS</td>
    <td style="text-align: right; text-indent: 0in">8</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">USE OF PROCEEDS</td>
    <td style="text-align: right; text-indent: 0in">10</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">THE FUND</td>
    <td style="text-align: right; text-indent: 0in">10</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">DESCRIPTION OF SHARES</td>
    <td style="text-align: right; text-indent: 0in">10</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">THE FUND&#8217;S INVESTMENTS</td>
    <td style="text-align: right; text-indent: 0in">12</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">LEVERAGE</td>
    <td style="text-align: right; text-indent: 0in">26</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">RISKS</td>
    <td style="text-align: right; text-indent: 0in">29</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">MANAGEMENT OF THE FUND</td>
    <td style="text-align: right; text-indent: 0in">63</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">NET ASSET VALUE</td>
    <td style="text-align: right; text-indent: 0in">65</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">DISTRIBUTIONS</td>
    <td style="text-align: right; text-indent: 0in">67</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">REINVESTMENT PROGRAM</td>
    <td style="text-align: right; text-indent: 0in">68</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">RIGHTS OFFERINGS</td>
    <td style="text-align: right; text-indent: 0in">69</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">TAX MATTERS</td>
    <td style="text-align: right; text-indent: 0in">70</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">TAXATION OF HOLDERS OF RIGHTS</td>
    <td style="text-align: right; text-indent: 0in">77</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">CLOSED-END FUND STRUCTURE</td>
    <td style="text-align: right; text-indent: 0in">78</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">REPURCHASE OF COMMON SHARES</td>
    <td style="text-align: right; text-indent: 0in">79</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">PLAN OF DISTRIBUTION</td>
    <td style="text-align: right; text-indent: 0in">79</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="text-indent: 0in">INCORPORATION BY REFERENCE</td>
    <td style="text-align: right; text-indent: 0in">80</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-indent: 0in">PRIVACY NOTICE OF THE FUND</td>
    <td style="text-align: right; text-indent: 0in">81</td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><b>You should rely only on the information contained in, or incorporated
by reference into, this Prospectus and any related Prospectus Supplement in making your investment decisions. The Fund has not authorized
any person to provide you with different information. If anyone provides you with different or inconsistent information, you should not
rely on it. The Fund is not making an offer to sell the common shares in any jurisdiction where the offer or sale is not permitted. You
should assume that the information in this Prospectus and any Prospectus Supplement is accurate only as of the dates on their covers.
The Fund&#8217;s business, financial condition and prospects may have changed since the date of its description in this Prospectus or
the date of its description in any Prospectus Supplement.</b></p>


<!-- Field: Page; Sequence: 6 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">PROSPECTUS SUMMARY</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>&#160;</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>This is only a summary of certain information
relating to Saba Capital Income &amp; Opportunities Fund. This summary may not contain all of the information that you should consider
before investing in our common shares. You should consider the more detailed information contained in the Prospectus and in any related
Prospectus Supplement and in the Statement of Additional Information (&#8220;SAI&#8221;) before purchasing common shares.</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>&#160;</i></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 25%"><b>The Fund</b></td>
    <td style="width: 75%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Saba Capital Income &amp; Opportunities Fund is
    a non-diversified, closed-end management investment company. Throughout this Prospectus, we refer to Saba Capital Income &amp; Opportunities
    Fund simply as the &#8220;Fund&#8221; or as &#8220;we,&#8221; &#8220;us&#8221; or &#8220;our.&#8221; See &#8220;The Fund.&#8221;</p>
    <p style="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s common shares are listed for
    trading on the New York Stock Exchange (&#8220;NYSE&#8221;) under the symbol &#8220;BRW.&#8221; As of April 30, 2025, the net assets of
    the Fund were $344,137,189.40, the total assets of the Fund were $1,185,531,680.52, and the Fund had 42,529,493.52 common shares outstanding.
    The last reported sale price of the Fund&#8217;s common shares, as reported by the NYSE on [&#9679;], 2025 was $[&#9679;] per common share.
    The net asset value (&#8220;NAV&#8221;) of the Fund&#8217;s common shares at the close of business on April 30, 2025 was $8.09 per common
    share. See &#8220;Description of Shares.&#8221; Rights issued by the Fund may also be listed on a securities exchange.</p></td></tr>
  <tr style="vertical-align: top">
    <td><b>The Offering</b></td>
    <td style="text-align: justify">We may offer, from time to time, in one or more offerings, up to 15,000,000 of our common shares on terms to be determined at the time of the offering. We may also offer subscription rights to purchase our common shares. The common shares may be offered at prices and on terms to be set forth in one or more Prospectus Supplements. You should read this Prospectus and the applicable Prospectus Supplement carefully before you invest in our common shares. Our common shares may be offered directly to one or more purchasers, through agents designated from time to time by us, or to or through underwriters or dealers. The offering price per common share will not be less than the NAV per common share at the time we make the offering, exclusive of any underwriting commissions or discounts, provided that rights offerings that meet certain conditions may be offered at a price below the then current NAV. See &#8220;Rights Offerings.&#8221; The Prospectus Supplement relating to the offering will identify any agents, underwriters or dealers involved in the sale of our common shares, and will set forth any applicable purchase price, fee, commission or discount arrangement between us and our agents or underwriters, or among our underwriters, or the basis upon which such amount may be calculated. See &#8220;Plan of Distribution.&#8221; The Prospectus Supplement relating to any offering of rights will set forth the number of common shares issuable upon the exercise of each right (or number of rights) and the other terms of such rights offering. We may not sell any of our common shares through agents, underwriters or dealers without delivery of a Prospectus Supplement describing the method and terms of the particular offering of our common shares.</td></tr>
  </table>

<!-- Field: Page; Sequence: 7; Options: NewSection; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 25%"><b>Use of Proceeds</b></td>
    <td style="width: 75%; text-align: justify">The net proceeds from the issuance of common shares hereunder will be invested in accordance with our investment objectives and policies as appropriate investment opportunities are identified, which is expected to be substantially completed in approximately two months from the date on which the proceeds from an offering are received by the Fund&#894; however, the identification of appropriate investment opportunities pursuant to the Fund&#8217;s investment style or changes in market conditions could result in the Fund&#8217;s anticipated investment period extending to as long as four months. See &#8220;Use of Proceeds.&#8221;</td></tr>
  <tr style="vertical-align: top">
    <td><b>Investment Objectives and Policies</b></td>
    <td style="text-align: justify">The Fund&#8217;s investment objective is to seek to provide shareholders with a high level of current income, with a secondary goal of capital appreciation. The investment objective is a non-fundamental policy that may be changed by the Board without shareholder approval upon 60 days&#8217; prior written notice to shareholders. In pursuing its objectives, the Fund may invest in debt and equity securities of public and private companies, which include, among other things, investments in closed-end funds, special purpose acquisition companies (SPACs), reinsurance and public and private debt instruments. &#160;</td></tr>
  <tr style="vertical-align: top">
    <td><b>Leverage</b></td>
    <td>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund uses leverage to seek to achieve its
    investment objectives. The Fund&#8217;s use of leverage may increase or decrease from time to time in its discretion and the Fund may,
    in the future, determine not to use leverage. The Fund currently leverages its assets through direct borrowing under its Facility with
    TD Bank and the use of derivative instruments (such as options and swaps), which are inherently leveraged and trading in products with
    embedded leverage, such as short sales and forwards. The Fund may borrow money from banks or other financial institutions or issue debt
    securities or preferred shares, if it believes that market conditions would be conducive to the successful implementation of a leveraging
    strategy through borrowing money or issuing debt securities or preferred shares. &#8220;Managed Assets&#8221; means the Fund&#8217;s average
    daily gross asset value, minus the sum of the Fund&#8217;s accrued and unpaid dividends on any outstanding preferred shares and accrued
    liabilities (other than liabilities for the principal amount of any borrowings incurred, commercial paper or notes issued by the Fund
    and the liquidation preference of any outstanding preferred shares). See &#8220;Leverage.&#8221;</p>
    <p style="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The use of leverage is subject to numerous risks.
    When leverage is employed, the Fund&#8217;s NAV, the market price of the common shares and the yield to holders of common shares will
    be more volatile than if leverage were not used. For example, a rise in short-term interest rates generally will cause the Fund&#8217;s
    NAV to decline more than if the Fund had not used leverage. A reduction in the Fund&#8217;s NAV may cause a reduction in the market price
    of the Fund&#8217;s common shares. When the Fund uses leverage, the management fee payable to the Adviser (as defined below) will be higher
    than if the Fund did not use leverage.</p></td></tr>
  </table>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 25%">&#160;</td>
    <td style="width: 75%; text-align: justify">The Fund cannot assure you that the use of leverage will result in a higher yield on the Fund&#8217;s common shares. Any leveraging strategy the Fund employs may not be successful.</td></tr>
  <tr style="vertical-align: top">
    <td><b>Investment Adviser</b></td>
    <td style="text-align: justify">Saba Capital Management, L.P. (the &#8220;Adviser&#8221;) is the Fund&#8217;s investment adviser. The Adviser receives an annual fee, payable monthly, in an amount equal to 1.05% of the average daily value of the Fund&#8217;s Managed Assets. See &#8220;Management of the Fund&#8212;Investment Adviser.&#8221;</td></tr>
  <tr style="vertical-align: top">
    <td><b>Distributions</b></td>
    <td>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund has, with the approval of the Board of
    Trustees (the &#8220;Board&#8221;), adopted a managed distribution plan (the &#8220;Managed Distribution Plan&#8221;) pursuant to which
    the Fund will make monthly distributions to shareholders at a fixed amount of $0.085 per share. The fixed distribution amount excludes
    any special dividends, which are not paid pursuant to the Managed Distribution Plan. Under the Managed Distribution Plan, the Fund will
    generally distribute amounts to its shareholders as necessary to satisfy the Managed Distribution Plan and the requirements prescribed
    by excise tax rules and Subchapter M of the Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;). The Managed Distribution
    Plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month and is intended
    to narrow the discount between the market price and the NAV of the Fund&#8217;s common shares, but there is no assurance that the Managed
    Distribution Plan will be successful in doing so. Shareholders should not draw any conclusions about the Fund&#8217;s investment performance
    from the amount of these distributions or from the terms of the Managed Distribution Plan.</p>
    <p style="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the Managed Distribution Plan, to the extent
    that sufficient investment income is not available on a monthly basis, the Fund will distribute capital gains and/or return of capital
    in order to maintain its managed distribution rate. A return of capital may occur, for example, when some or all of the money that was
    invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund&#8217;s investment
    performance and should not be confused with &#8220;yield&#8221; or &#8220;income&#8221;.</p>
    <p style="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Various factors will affect the level of the Fund&#8217;s
    income, including the asset mix and the Fund&#8217;s use of options and hedging. To permit the Fund to maintain a more stable monthly
    distribution, the Fund may from time to time distribute less than the fixed distribution amount. The undistributed income would be available
    to supplement future distributions. As a result, the distributions paid by the Fund for any particular monthly period may be more or less
    than fixed distribution amount. Undistributed income will add to the Fund&#8217;s NAV (and indirectly benefits the Adviser by increasing
    its fee) and, correspondingly, distributions from undistributed income will reduce the Fund&#8217;s NAV. The Fund generally intends to
    distribute any long-term capital gains not distributed under the Managed Distribution Plan annually, but is not obligated to do so.</p></td></tr>
  </table>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 25%">&#160;</td>
    <td style="width: 75%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under normal market conditions, the Adviser seeks
    to manage the Fund in a manner such that the Fund&#8217;s distributions are reflective of the Fund&#8217;s current and projected earnings
    levels. The distribution level of the Fund is subject to change based upon a number of factors, including the current and projected level
    of the Fund&#8217;s earnings, and may fluctuate over time.</p>
    <p style="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board may amend, suspend or terminate the
    Distribution Plan at any time without prior notice to the Fund&#8217;s shareholders if it deems such actions to be in the best interests
    of the Fund or its shareholders. An amendment or termination of the Managed Distribution Plan could have an adverse effect on the market
    price of the Fund&#8217;s common shares. The Managed Distribution Plan will be subject to periodic review by the Board, including a yearly
    review of the annual minimum fixed rate to determine if an adjustment should be made. See &#8220;Distributions.&#8221;</p>
    <p style="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shareholders may elect to have all dividends and
    distributions reinvested in common shares of the Fund in accordance with the Fund&#8217;s shareholder reinvestment program (the &#8220;Reinvestment
    Program&#8221;). See &#8220;Reinvestment Program.&#8221;</p></td></tr>
  <tr style="vertical-align: top">
    <td><b>Listing</b></td>
    <td style="text-align: justify">The Fund&#8217;s common shares are listed on the NYSE under the symbol &#8220;BRW.&#8221; See &#8220;Description of Shares&#8212;Common Shares.&#8221;</td></tr>
  <tr style="vertical-align: top">
    <td><b>Accountant, Administrator, and Transfer Agent</b></td>
    <td style="text-align: justify">ALPS Fund Services, Inc. (&#8220;SS&amp;C ALPS&#8221;) serves as the Fund&#8217;s accountant, administrator, and transfer agent. </td></tr>
  <tr style="vertical-align: top">
    <td><b>Custodian</b></td>
    <td style="text-align: justify">The Bank of New York Mellon serves as the Fund&#8217;s custodian. </td></tr>
  <tr style="vertical-align: top">
    <td><b>Market Price of Shares</b></td>
    <td style="text-align: justify">Common shares of closed-end investment companies frequently trade at prices lower than their NAV. The Fund cannot assure you that its common shares will trade at a price higher than or equal to NAV. See &#8220;Use of Proceeds.&#8221; The Fund&#8217;s common shares trade in the open market at market prices that are a function of several factors, including dividend levels (which are in turn affected by expenses), NAV, call protection for portfolio securities, portfolio credit quality, liquidity, dividend stability, relative demand for and supply of the common shares in the market, general market and economic conditions and other factors. See &#8220;Leverage,&#8221; &#8220;Risks,&#8221; &#8220;Description of Shares&#8221; and &#8220;Repurchase of Common Shares.&#8221; The common shares are designed primarily for long-term investors and you should not purchase common shares of the Fund if you intend to sell them shortly after purchase.</td></tr>
  <tr style="vertical-align: top">
    <td><b>Special Risk Considerations</b></td>
    <td style="text-align: justify">An investment in common shares of the Fund involves risk. You should carefully consider the risks described under &#8220;Risks&#8221; beginning on page [&#9679;] of this Prospectus, along with additional risks relating to investments in the Fund.</td></tr>
  </table>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">SUMMARY OF FUND
EXPENSES</p>

<ix:nonNumeric contextRef="AsOf2025-07-03" continuedAt="ConU000048-01" escape="true" id="Fact000048" name="cef:ShareholderTransactionExpensesTableTextBlock"><p id="xdx_A86_ecef--ShareholderTransactionExpensesTableTextBlock_gRBSTETTB-KTT_zxjwbkrffNQ9" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 87%"><b>Shareholder Transaction Expenses</b></td>
    <td style="width: 13%; text-align: right">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-left: 10pt">Sales load paid by you (<span id="xdx_90E_ecef--BasisOfTransactionFeesNoteTextBlock_c20250703__20250703_zMWvhjoBnjO1"><ix:nonNumeric contextRef="AsOf2025-07-03" escape="true" id="Fact000049" name="cef:BasisOfTransactionFeesNoteTextBlock">as a percentage of offering price</ix:nonNumeric></span>)<sup>(1)</sup></td>
    <td style="text-align: right">[<span id="xdx_903_ecef--SalesLoadPercent_dp_c20250703__20250703_fKDEp_zlLBayD11pC9"><ix:nonFraction name="cef:SalesLoadPercent" contextRef="AsOf2025-07-03" id="Fact000050" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Ratio">3.00</ix:nonFraction>%</span>]</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Offering expenses borne by the Fund (as a percentage of offering price)<sup>(1)</sup></td>
    <td style="text-align: right"><span id="xdx_901_ecef--OtherTransactionExpensesPercent_dpn_c20250703__20250703_fKDEp_zDdIlQjck5C9"><ix:nonFraction name="cef:OtherTransactionExpensesPercent" contextRef="AsOf2025-07-03" id="Fact000051" format="ixt-sec:numwordsen" decimals="INF" scale="-2" unitRef="Ratio">None</ix:nonFraction></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-left: 10pt">Reinvestment Program fees</td>
    <td style="text-align: right"><span id="xdx_90C_ecef--OtherTransactionExpense1Percent_c20250703__20250703_fKDIp_zUCbQoCNUfmd"><ix:nonFraction name="cef:OtherTransactionExpense1Percent" contextRef="AsOf2025-07-03" id="Fact000052" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Ratio">0.01</ix:nonFraction>%</span><sup>(2)</sup></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Reinvestment Program sale transaction fee</td>
    <td style="text-align: right"><span id="xdx_90B_ecef--OtherTransactionExpense2Percent_dp_c20250703__20250703_fKDIp_zW70N6XpvCZj"><ix:nonFraction name="cef:OtherTransactionExpense2Percent" contextRef="AsOf2025-07-03" id="Fact000053" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Ratio">3</ix:nonFraction></span> cents per share<sup>(2)</sup></td></tr>
</table>
</ix:nonNumeric><ix:nonNumeric contextRef="AsOf2025-07-03" continuedAt="ConU000056-01" escape="true" id="Fact000056" name="cef:AnnualExpensesTableTextBlock"><p id="xdx_A84_ecef--AnnualExpensesTableTextBlock_gRBAETTB-WDDC_zlB8o2KIkFkf" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="width: 87%"><b>Estimated Annual Expenses</b> (as a percentage of net assets attributable to common shares)</td>
    <td style="text-align: right; width: 13%">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Management Fees<sup>(3)(4)</sup></td>
    <td style="text-align: right"><span id="xdx_90A_ecef--ManagementFeesPercent_dp_c20250703__20250703_fKDMpKDQp_zqkN20NWZree"><ix:nonFraction name="cef:ManagementFeesPercent" contextRef="AsOf2025-07-03" id="Fact000057" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Ratio">1.05</ix:nonFraction>%</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-left: 10pt">Interest Payments on Borrowed Funds<sup>(5)</sup></td>
    <td style="text-align: right"><span id="xdx_909_ecef--InterestExpensesOnBorrowingsPercent_dp_c20250703__20250703_fKDUp_zeU7X6wEdjth"><ix:nonFraction name="cef:InterestExpensesOnBorrowingsPercent" contextRef="AsOf2025-07-03" id="Fact000058" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Ratio">3.79</ix:nonFraction>%</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Other Expenses</td>
    <td style="text-align: right"><span id="xdx_90C_ecef--OtherAnnualExpensesPercent_dp_c20250703__20250703_zUV4vUxgoWj9"><ix:nonFraction name="cef:OtherAnnualExpensesPercent" contextRef="AsOf2025-07-03" id="Fact000059" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Ratio">1.04</ix:nonFraction>%</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-left: 10pt">Acquired Fund Fees and Expenses</td>
    <td style="text-align: right"><span id="xdx_908_ecef--AcquiredFundFeesAndExpensesPercent_dp_c20250703__20250703_zjP4w7Fl6bJg"><ix:nonFraction name="cef:AcquiredFundFeesAndExpensesPercent" contextRef="AsOf2025-07-03" id="Fact000060" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Ratio">1.05</ix:nonFraction>%</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Total Annual Expenses</td>
    <td style="text-align: right"><span id="xdx_902_ecef--TotalAnnualExpensesPercent_dp_c20250703__20250703_zkss29JktcG1"><ix:nonFraction name="cef:TotalAnnualExpensesPercent" contextRef="AsOf2025-07-03" id="Fact000061" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Ratio">6.93</ix:nonFraction>%</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-bottom: 1pt; padding-left: 10pt">Fee Waivers and/or Expense Reimbursements<sup>(4)</sup></td>
    <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_905_ecef--WaiversAndReimbursementsOfFeesPercent_dp_c20250703__20250703_zrIZQBc5juK">-<ix:nonFraction name="cef:WaiversAndReimbursementsOfFeesPercent" contextRef="AsOf2025-07-03" id="Fact000062" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">0.38</ix:nonFraction>%</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">&#160;</td>
    <td style="text-align: right">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-bottom: 2.5pt; padding-left: 10pt">Total Annual Expenses after Fee Waivers and/or Expense Reimbursements<sup>(4)</sup></td>
    <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="text-decoration-style: double"><span id="xdx_907_ecef--NetExpenseOverAssetsPercent_iT_dp_c20250703__20250703_fKDQp_zcymTrybotMh"><ix:nonFraction name="cef:NetExpenseOverAssetsPercent" contextRef="AsOf2025-07-03" id="Fact000063" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Ratio">6.55</ix:nonFraction>%</span></span></td></tr>
  </table>
</ix:nonNumeric><p id="xdx_A95_zyaFRgtJBBAf" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>
<div id="xdx_C09_gRBSTETTB-KTT_zzlWQmaCEOu"><ix:continuation id="ConU000048-01"><div>
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td id="xdx_F09_z8wV4MDNJktk" style="width: 27pt">(1)</td><td id="xdx_F18_zz7mRVFvJIb5" style="text-align: justify"><ix:footnote id="Footnote000064" xml:lang="en-US">If the common shares are sold to or through underwriters, the Prospectus Supplement will set forth any
applicable sales load and the estimated offering expenses. Fund shareholders will pay all offering expenses involved with an offering.</ix:footnote></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td id="xdx_F0B_zqUPEs1gtJdb" style="width: 27pt">(2)</td><td id="xdx_F14_zWaZFpYa5Xm3" style="text-align: justify"><ix:footnote id="Footnote000065" xml:lang="en-US">The Program Administrator&#8217;s (as defined below under &#8220;Reinvestment Program&#8221;) fees for
the handling of the reinvestment of dividends will be paid by the Fund. However, you will pay a 3 cents per share fee incurred in connection
with open-market purchases, which will be deducted from the value of the dividend. You will not be charged a sales fee if you direct the
Program Administrator to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage
commissions the Program Administrator is required to pay..</ix:footnote></td></tr></table></div></ix:continuation></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: -27pt">&#160;</p>
<div id="xdx_C04_gRBAETTB-WDDC1_zMdr0uIxIFT6"><ix:continuation continuedAt="ConU000056-02" id="ConU000056-01"><div>
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td id="xdx_F0C_zyvyIewsOCQd" style="width: 27pt">(3)</td><td id="xdx_F1B_z8bs4q74JJW8" style="text-align: justify"><ix:footnote id="Footnote000066" xml:lang="en-US">The Fund currently pays the Adviser a monthly fee at an annual contractual investment management fee rate
of 1.05% of the average daily value of the Fund&#8217;s Managed Assets. For purposes of calculating these fees, &#8220;Managed Assets&#8221;
means the Fund&#8217;s average daily gross asset value, minus the sum of the Fund&#8217;s accrued and unpaid dividends on any outstanding
preferred shares and accrued liabilities (other than liabilities for the principal amount of any borrowings incurred, commercial paper
or notes issued by the Fund and the liquidation preference of any outstanding preferred shares).</ix:footnote></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td id="xdx_F01_z9qRwKzhkBu" style="width: 27pt">(4)</td><td id="xdx_F1E_zyUhlaGjwORe" style="text-align: justify"><ix:footnote id="Footnote000067" xml:lang="en-US">The Fund and the Adviser have entered into an expense limitation agreement (the &#8220;Expense Limitation
Agreement&#8221;), pursuant to which the Adviser has contractually agreed to limit expenses, excluding interest, taxes, investor relations
services, other investment-related costs, leverage expenses, extraordinary expenses, other expenses not incurred in the ordinary course
of the Fund&#8217;s business, and expenses of counsel or other persons or services retained by the Fund&#8217;s trustees who are not interested
persons, to 1.05% of Managed Assets plus 0.30% of average daily net assets. For the year ended October 31, 2024, $982,139 of fees were
waived and reimbursed. The Adviser may, at a later date, recoup from the Fund the fees waived and/or other expenses reimbursed by the
Adviser during the previous 36 months, but only if, after such recoupment, the Fund&#8217;s expense ratio does not exceed the percentage
described above. For the year ended October 31, 2024, none of the fees were recouped. The current Expense Limitation Agreement will expire
on July 1, 2025 and automatically renews for one-year terms. Termination or modification of the Expense Limitation Agreement requires
approval of the Board.</ix:footnote></td></tr></table></div></ix:continuation></div>



<!-- Field: Page; Sequence: 11; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
<div id="xdx_C0E_gRBAETTB-WDDC2_zjFcsQlbe7Ae"><ix:continuation id="ConU000056-02"><div>
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td id="xdx_F0E_zVZYtobtNiv4" style="width: 27pt">(5)</td><td id="xdx_F10_zlxWw0l2fI42" style="text-align: justify"><ix:footnote id="Footnote000068" xml:lang="en-US">The Fund has entered into a $125 million Credit Facility with TD Bank effective on July 20, 2021 (the
&#8220;Facility&#8221;) which matures on January 20, 2026. As of April 30, 2025, the Fund had $45 million outstanding drawn under the
Facility.</ix:footnote></td></tr></table></div></ix:continuation></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: -27pt">&#160;</p>

<ix:nonNumeric contextRef="AsOf2025-07-03" escape="true" id="Fact000069" name="cef:ExpenseExampleTableTextBlock"><p id="xdx_A85_ecef--ExpenseExampleTableTextBlock_zUP4ABn8l852" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The following example illustrates the expenses, assuming a sales
load of 3.00% that you would pay on a $1,000 investment in common shares, assuming (i) total net annual expenses of 6.55% of net assets
attributable to common shares, and (ii) a 5% annual return:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 40%; text-align: center">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"><b>One Year</b></td>
    <td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"><b>Three Years</b></td>
    <td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"><b>Five Years</b></td>
    <td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"><b>Ten Years</b></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td>Total expenses incurred</td>
    <td style="text-align: right">$<span id="xdx_900_ecef--ExpenseExampleYear01_c20250703__20250703_zwllX4AS8NKb"><ix:nonFraction name="cef:ExpenseExampleYear01" contextRef="AsOf2025-07-03" id="Fact000070" format="ixt:numdotdecimal" decimals="0" unitRef="USD">93</ix:nonFraction></span></td>
    <td style="text-align: right">$<span id="xdx_907_ecef--ExpenseExampleYears1to3_c20250703__20250703_zvmO8yTojsoe"><ix:nonFraction name="cef:ExpenseExampleYears1to3" contextRef="AsOf2025-07-03" id="Fact000071" format="ixt:numdotdecimal" decimals="0" unitRef="USD">223</ix:nonFraction></span></td>
    <td style="text-align: right">$<span id="xdx_901_ecef--ExpenseExampleYears1to5_c20250703__20250703_zAdnadPawho4"><ix:nonFraction name="cef:ExpenseExampleYears1to5" contextRef="AsOf2025-07-03" id="Fact000072" format="ixt:numdotdecimal" decimals="0" unitRef="USD">348</ix:nonFraction></span></td>
    <td style="text-align: right">$<span id="xdx_90C_ecef--ExpenseExampleYears1to10_c20250703__20250703_zd2J2rw75Itd"><ix:nonFraction name="cef:ExpenseExampleYears1to10" contextRef="AsOf2025-07-03" id="Fact000073" format="ixt:numdotdecimal" decimals="0" unitRef="USD">641</ix:nonFraction></span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>The example should not be considered a representation
of future expenses. The example assumes that the estimated &#8220;Other Expenses&#8221; set forth in the Estimated Annual Expenses table
are accurate and that all dividends and distributions are reinvested at NAV. Actual expenses may be greater or less than those assumed.
Moreover, the Fund&#8217;s actual rate of return may be greater or less than the hypothetical 5% return shown in the example.</b></p>


<ix:exclude><!-- Field: Page; Sequence: 12; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

</ix:nonNumeric><p id="xdx_A9F_ziA2DMbw9Jb8" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">FINANCIAL HIGHLIGHTS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The financial highlights table is intended to
help you understand the Fund&#8217;s financial performance for the periods presented. Certain information reflects financial results for
a single common share of the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The report of [_____] is included in the Fund&#8217;s
October 31, 2024 annual report, is incorporated by reference into the Prospectus and SAI and can be obtained by shareholders. The Fund&#8217;s
financial statements included in the Fund&#8217;s October 31, 2024 annual report are incorporated by reference into the Prospectus and
the SAI.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(For a share outstanding throughout each period)</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-indent: -10pt; padding-left: 10pt">&#160;</td><td style="border-bottom: Black 1pt solid; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>For the <br/> Period Ended <br/> April 30, 2025<sup>(a)(b)</sup></b></span></td><td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>For the</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Year Ended<br/> October 31, 2024<sup>(b)</sup></b></p></td><td style="border-bottom: Black 1pt solid">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>For the</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Year Ended<br/> October 31, 2023<sup>(b)</sup></b></p></td><td style="border-bottom: Black 1pt solid">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>For the</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Year Ended<br/> October 31, 2022<sup>(b)</sup></b></p></td><td style="border-bottom: Black 1pt solid; white-space: nowrap">&#160;</td><td style="border-bottom: Black 1pt solid; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the <br/> Period Ended <br/> October
    31, 2021<sup>(c)(d)</sup></td><td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>For the</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Year Ended<br/> February 28, 2021<sup>(d)</sup></b></p></td><td style="border-bottom: Black 1pt solid; white-space: nowrap">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold">PER COMMON SHARE OPERATING PERFORMANCE</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; text-indent: -10pt; padding-left: 10pt; width: 34%; text-align: left">Net asset value - beginning of year/period</td><td style="border-bottom: Black 1pt solid; width: 1%">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 8%; text-align: right">8.07</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; width: 1%">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 8%; text-align: right">8.32</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; width: 1%">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 8%; text-align: right">8.64</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; width: 1%">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 8%; text-align: right">9.86</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; width: 1%">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 8%; text-align: right">9.94</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; width: 1%">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 8%; text-align: right">10.60</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 1%; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">INCOME/(LOSS) FROM INVESTMENT OPERATIONS</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 20pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Net investment income<sup>(e)</sup></span></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">0.22</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">0.47</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">0.18</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">0.05</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">0.10</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">0.32</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="border-bottom: Black 1pt solid; text-indent: -10pt; padding-left: 20pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Net realized and change in unrealized gain/(loss) on investments and unfunded loan commitments<sup>(e)</sup></span></td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.32</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.41</td><td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.54</td><td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.21</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.16</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.64</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">Total Income/(Loss) from Investment Operations</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.54</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.88</td><td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.72</td><td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.16</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.26</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.32</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">DISTRIBUTIONS TO COMMON SHAREHOLDERS</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 20pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">From net investment income<sup>(e)</sup></span></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(0.17</td><td style="white-space: nowrap; text-align: left">)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(1.13</td><td style="text-align: left">)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(0.20</td><td style="text-align: left">)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(0.31</td><td style="white-space: nowrap; text-align: left">)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(0.12</td><td style="white-space: nowrap; text-align: left">)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(0.34</td><td style="white-space: nowrap; text-align: left">)</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; text-indent: -10pt; padding-left: 20pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">From tax return of capital<sup>(e)</sup></span></td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.34</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.84</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.75</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.22</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.02</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="border-bottom: Black 1pt solid; text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">Total Distributions to Common Shareholders</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.51</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(1.13</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(1.04</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(1.06</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.34</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">(0.36</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">)</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 20pt; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="border-bottom: Black 1pt solid; text-indent: -10pt; padding-left: 20pt; text-align: left">Accretion to net asset value
    resulting from share repurchases and tender offer<sup>(e)(f)</sup></td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.02</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">Total Capital Share Transactions</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">0.02</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="border-bottom: Black 2.5pt double; text-indent: -10pt; padding-left: 10pt">Net asset value per common share - end of year/period</td><td style="border-bottom: Black 2.5pt double">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">8.10</td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">8.07</td><td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">8.32</td><td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">8.64</td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">9.86</td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">9.94</td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt">Market price per common share - end of year/period</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">7.68</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">7.50</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">7.39</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">7.84</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">9.34</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">9.26</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Total Investment Return - Net Asset Value<sup>(g)</sup></b></span></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">7.10</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">12.77</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">9.63</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(0.95</td><td style="white-space: nowrap; text-align: left">%)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">2.84</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(2.14</td><td style="white-space: nowrap; text-align: left">%)</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Total Investment Return - Market Price<sup>(g)</sup></b></span></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">9.26</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">18.00</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">7.31</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(5.12</td><td style="white-space: nowrap; text-align: left">%)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">4.57</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(1.59</td><td style="white-space: nowrap; text-align: left">%)</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">Ratios to average net assets</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Ratio of expenses including waivers to average net assets(i)(k)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">5.59</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">5.72</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">4.61</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">2.36</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.43</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">2.26</td><td style="white-space: nowrap; text-align: left">%</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Ratio of expenses excluding waivers to average net assets(i)(k)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">5.97</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">6.01</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">4.73</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">2.75</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.60</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">2.68</td><td style="white-space: nowrap; text-align: left">%</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Ratio of net investment income including waivers to average net assets</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">5.23</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">5.83</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">2.09</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">0.49</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.62</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3.37</td><td style="white-space: nowrap; text-align: left">%</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">SUPPLEMENTAL DATA</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Portfolio turnover rate</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">53.94</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">129.43</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">76.16</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">99.00</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">94.00</td><td style="white-space: nowrap; text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">56.00</td><td style="white-space: nowrap; text-align: left">%</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Net assets attributable to common shares, end of period (000s)</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">344,306</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">343,151</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">353,867</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">367,459</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">419,710</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">605,535</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Total shares outstanding (000s)<sup>(d)</sup></span></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">42,529</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">42,529</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">42,529</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">42,529</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">42,529</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">60,920</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Asset coverage, end of period per $1,000<sup>(j)</sup></span></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">7,651</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3,990</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">6,689</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3,904</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">9,394</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">27,794</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Aggregate principal amount of borrowings, end of year/period (000s)</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">45,000</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">86,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">52,900</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">175,500</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">50,000</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">22,600</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Average borrowings outstanding during the end of year/period (000s)</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">66,898</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">71,653</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">88,961</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">124,674</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">20,559</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">211,066</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  </table>


<!-- Field: Page; Sequence: 13; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-indent: -10pt; padding-left: 10pt">&#160;</td><td style="border-bottom: Black 1pt solid; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>For the <br/> Period Ended <br/> April 30, 2025<sup>(a)(b)</sup></b></span></td><td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>For the</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Year Ended<br/> October 31, 2024<sup>(b)</sup></b></p></td><td style="border-bottom: Black 1pt solid">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>For the</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Year Ended<br/> October 31, 2023<sup>(b)</sup></b></p></td><td style="border-bottom: Black 1pt solid">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>For the</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Year Ended<br/> October 31, 2022<sup>(b)</sup></b></p></td><td style="border-bottom: Black 1pt solid">&#160;</td><td style="border-bottom: Black 1pt solid; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the <br/> Period Ended <br/> October
    31, 2021<sup>(c)(d)</sup></td><td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>For the</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Year Ended<br/> February 28, 2021<sup>(d)</sup></b></p></td><td style="border-bottom: Black 1pt solid">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">SUPPLEMENTAL RATIOS</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">Ratios to average net assets</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left; width: 34%">Ratio of expenses excluding dividend expense on securities sold short, interest expense and other fees <span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">related to revolving credit facility to average net assets<sup>(k)</sup></span></td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 8%; text-align: right">1.56</td><td style="white-space: nowrap; width: 1%; text-align: left">%<sup>(h)</sup></td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 8%; text-align: right">1.54</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 8%; text-align: right">1.58</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 8%; text-align: right">1.67</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 8%; text-align: right">1.38</td><td style="white-space: nowrap; width: 1%; text-align: left">%<sup>(h)</sup></td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 8%; text-align: right">2.13</td><td style="width: 1%; text-align: left">%</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left">Ratios to average net assets plus borrowings</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Ratio of expenses including waivers to average net assets<sup>(i)(k)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">4.70</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">4.73</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3.71</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.79</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.37</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.72</td><td style="text-align: left">%</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Ratio of expenses excluding waivers to average net assets<sup>(k)</sup></span></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">5.02</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">4.97</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3.81</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">2.09</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.54</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">2.04</td><td style="text-align: left">%</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Ratio of expenses excluding dividend expense on securities sold short, interest expense and other fees related to revolving credit facility to average net assets<sup>(k)</sup></span></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.31</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.27</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.27</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.27</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.32</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.30</td><td style="text-align: left">%</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Ratio of net investment income including waivers to average net assets</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">4.39</td><td style="white-space: nowrap; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">4.82</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.69</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">0.38</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.56</td><td style="white-space: nowrap; width: 1%; text-align: left">%<sup>(h)</sup></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">2.56</td><td style="text-align: left">%</td></tr>
  </table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(a)</sup></i></td><td style="text-align: justify"><i>Unaudited.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(b)</sup></i></td><td style="text-align: justify"><i>Consolidated financials.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(c)</sup></i></td><td style="text-align: justify"><i>With the approval of the Board effective October 31, 2021, the Fund's fiscal year end was changed from
February 28 to October 31.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(d)</sup></i></td><td style="text-align: justify"><i>Reflects a 1 for 2 reverse stock split effective May 20, 2022, see Note 8 in the accompanying Notes
to Consolidated Financial Statements.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(e)</sup></i></td><td style="text-align: justify"><i>Calculated using average common shares outstanding.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(f)</sup></i></td><td style="text-align: justify"><i>Please see Note 8 in the accompanying Notes to Consolidated Financial Statements for additional information.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(g)</sup></i></td><td style="text-align: justify"><i>Total investment return is calculated assuming a purchase of common share at the opening on the first
day and a sale at closing on the last day of each period reported. Dividends and distributions are assumed for purposes of this calculation
to be reinvested at prices obtained under the Fund&#8217;s dividend reinvestment plan. Total investment returns does not reflect sales
load or brokerage commissions, if any, and are not annualized.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(h)</sup></i></td><td style="text-align: justify"><i>Annualized.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(i)</sup></i></td><td style="text-align: justify"><i>The Investment Adviser (See Note 1 and Note 5) has entered into a written expense limitation agreement
with the Fund under which it will limit the expenses of the Fund (excluding interest, taxes, investor relations services, other investment-related
costs, leverage expenses, extraordinary expenses, other expenses not incurred in the ordinary course of such Fund&#8217;s business, and
expenses of any counsel or other persons or services retained by such Fund&#8217;s trustees who are not interested persons) subject to
possible recoupment by the Investment Adviser within three years of being incurred.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(j)</sup></i></td><td style="text-align: justify"><i>Asset coverage ratio is presented to represent the coverage available to each $1,000 of borrowings.
The asset coverage ratio per $1,000 of debt is presented to represent the coverage available to each $1,000 of borrowings. Calculated
by subtracting the Fund's total liabilities (excluding the principal amount of the Leverage Facility) from the Fund&#8217;s total assets
and dividing by the principal amount of the Leverage Facility and then multiplying by $1,000.</i></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 0.5in"><i><sup>(k)</sup></i></td><td style="text-align: justify"><i>Expense ratios do not include any acquired fund fees.</i></td></tr></table>


<!-- Field: Page; Sequence: 14; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">USE OF PROCEEDS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The net proceeds from the issuance of common shares
hereunder will be invested in accordance with the Fund&#8217;s investment objectives and policies as stated below. We currently anticipate
that we will be able to invest all of the net proceeds in accordance with our investment objectives and policies within approximately
two months from the date on which the proceeds from an offering are received by the Fund. Such investments may be delayed if suitable
investments are unavailable at the time or for other reasons, such as market volatility and lack of liquidity in the markets of suitable
investments. Pending such investment, it is anticipated that the proceeds will be invested in short-term, tax-exempt or taxable investment
grade securities or in high quality, short-term money market instruments.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">THE FUND</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is a non-diversified, closed-end management
investment company registered under the Investment Company Act. The Fund was formed as a Massachusetts business trust on December 2, 1987,
pursuant to its Agreement and Declaration of Trust, as subsequently amended (the &#8220;Declaration of Trust&#8221;) and is governed by
the laws of the Commonwealth of Massachusetts. The Fund commenced operations on May 12, 1987. The Fund first changed its name from Pilgrim
Prime Rate Trust to Pilgrim America Prime Rate Trust, effective April 12, 1996, and then changed its name back to Pilgrim Prime Rate Trust,
effective November 16, 1998. Effective March 1, 2002, the Fund changed its name to ING Prime Rate Trust. Effective May 1, 2014, the Fund
changed its name to Voya Prime Rate Trust. Effective June 4, 2021, and as a result of Saba Capital Management, L.P. assuming the role
as investment adviser to the Fund, the Fund changed its name to Saba Capital Income &amp; Opportunities Fund. The Fund&#8217;s common
shares are traded on the NYSE under the symbol &#8220;BRW.&#8221; The Fund&#8217;s principal office is located at 405 Lexington Avenue,
58<sup>th</sup> Floor, New York, New York 10174, and its telephone number is 212-542-4644.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board is responsible for overseeing the Fund&#8217;s
activities, including reviewing contractual arrangements with companies that provide services to the Fund, and review the Fund&#8217;s
performance. Under the rules of the NYSE applicable to listed companies, the Fund is required to hold an annual meeting of shareholder
in each year. If the Fund is converted to an open-end investment company or if for any reason common shares are no longer listed on the
NYSE (or any other national securities exchange the rules of which require annual meetings of shareholders), the Fund does not intend
to hold annual meetings of shareholders.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is responsible for paying all the expenses
of its operation, including, without limitation, the management fee payable and extraordinary expenses, such as litigation expenses. Under
Massachusetts law, shareholders, including preferred shares could, under certain circumstances, be held personally liable for the obligations
of the Fund. However, the Declaration of Trust disclaims shareholder liability based solely on his or her being or having been a shareholder
of the Fund and requires that notice of such disclaimer be given in each agreement, obligation, or instrument entered into or executed
by the Fund or the Trustees. The Declaration of Trust provides for indemnification, out of Fund property, for all loss and expense of
any shareholder held personally liable for the obligations of the Fund. Thus, the risk of a shareholder incurring financial loss on account
of shareholder liability is limited to circumstances in which the Fund would be unable to meet its obligations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<ix:nonNumeric contextRef="AsOf2025-07-03" escape="true" id="Fact000074" name="cef:CapitalStockTableTextBlock"><p id="xdx_A8D_ecef--CapitalStockTableTextBlock_zC3xJ7VPa5Zj" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">DESCRIPTION OF
SHARES</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_908_ecef--SecurityTitleTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z97CIGzogd89"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CommonSharesMember" escape="true" id="Fact000075" name="cef:SecurityTitleTextBlock">Common Shares</ix:nonNumeric></span></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is a business trust formed under the
laws of the Commonwealth of Massachusetts and governed by the Declaration of Trust. The Fund is authorized to issue an unlimited number
of common shares of beneficial interest, without par value. <span id="xdx_906_ecef--SecurityVotingRightsTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAdiUoAi8Nsj"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CommonSharesMember" escape="true" id="Fact000076" name="cef:SecurityVotingRightsTextBlock">Each common share has one vote</ix:nonNumeric></span> and, when issued and paid for in accordance
with the terms of this offering, will be fully paid and the purchasers of the common shares will have no obligation to make further payments
for the purchase of the common shares or contributions to the Fund solely by reason of their ownership of the common shares, except that
the Board of Trustees of the Fund (the &#8220;Board&#8221;) shall have the power to cause shareholders to pay certain expenses of the
Fund by setting off charges due from shareholders from declared but unpaid dividends or distributions owed the shareholders and/or by
reducing the number of common shares owned by each respective shareholder. Shareholders are entitled to one vote for each share held.
When preferred shares are outstanding, the holders of common shares will not be entitled to receive any distributions from the Fund unless
all accrued dividends on preferred shares have been paid, unless asset coverage (as defined in the Investment Company Act) with respect
to preferred shares would be at least 200% after giving effect to the distributions and unless certain other requirements imposed by any
rating agencies rating the preferred shares have been met. See &#8220;Description of Shares&#8212;Preferred Shares&#8221; in the SAI.
<span id="xdx_902_ecef--SecurityPreemptiveAndOtherRightsTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zJvrER1XAuK7"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CommonSharesMember" escape="true" id="Fact000077" name="cef:SecurityPreemptiveAndOtherRightsTextBlock">All common shares are equal as to dividends, assets and voting privileges and have no conversion, preemptive or other subscription rights.</ix:nonNumeric></span>
The Fund will send annual and semi-annual reports, including financial statements, to all holders of its shares.</p>


<ix:exclude><!-- Field: Page; Sequence: 15; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unlike open-end funds, closed-end funds like the
Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy additional common
shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise. Because the market
value of the common shares may be influenced by such factors as dividend levels (which are in turn affected by expenses), call protection
on its portfolio securities, dividend stability, portfolio credit quality, the Fund&#8217;s NAV, relative demand for and supply of such
shares in the market, general market and economic conditions and other factors beyond the control of the Fund, the Fund cannot assure
you that its common shares will trade at a price equal to or higher than NAV in the future. The common shares are designed primarily for
long-term investors and you should not purchase the common shares if you intend to sell them soon after purchase. See &#8220;Repurchase
of Common Shares&#8221; below and &#8220;Repurchase of Common Shares&#8221; in the SAI.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s outstanding common shares are,
and when issued, the common shares offered by this Prospectus will be, publicly held and listed and traded on the NYSE under the symbol
&#8220;BRW.&#8221; The Fund determines its NAV on a daily basis as of the close of the regular trading session. The following table sets
forth, for the quarters indicated, the highest and lowest daily closing prices on the NYSE per common share, and the NAV per common share
and the premium to or discount from NAV, on the date of each of the high and low market prices. The table also sets forth the number of
common shares traded on the NYSE during the respective quarters.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<div>
<div id="xdx_98D_ecef--SharePriceTableTextBlock_c20250703__20250703_zK8NHZX18Nbk"><ix:nonNumeric contextRef="AsOf2025-07-03" escape="true" id="Fact000078" name="cef:SharePriceTableTextBlock">
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">




<td style="padding-bottom: 1pt; text-align: justify">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>NYSE
                                            Market Price</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Per
                                            Common Share</b></p></td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 11pt"><b>NAV per Common Share on Date of Market Price</b></span></td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 11pt"><b>Premium/ (Discount) on Date of Market Price</b></span></td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Trading</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="padding-bottom: 1pt; font-weight: bold; text-align: justify">During Quarter Ended</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">High</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Low</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">High</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Low</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">High</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Low</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Volume</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="width: 27%; text-align: justify">April 30, 2025</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_986_ecef--HighestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z42DMpaN7im3" style="width: 7%; text-align: right"><ix:nonFraction name="cef:HighestPriceOrBid" contextRef="From2025-02-012025-04-30_custom_CommonSharesMember" id="Fact000079" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.99</ix:nonFraction></td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_986_ecef--LowestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3LJCDIF64mg" style="width: 7%; text-align: right"><ix:nonFraction name="cef:LowestPriceOrBid" contextRef="From2025-02-012025-04-30_custom_CommonSharesMember" id="Fact000080" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">6.91</ix:nonFraction></td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zORMJF78Zv96" style="width: 7%; text-align: right"><ix:nonFraction name="cef:HighestPriceOrBidNav" contextRef="From2025-02-012025-04-30_custom_CommonSharesMember" id="Fact000081" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.60</ix:nonFraction></td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBofBVzJ8png" style="width: 7%; text-align: right"><ix:nonFraction name="cef:LowestPriceOrBidNav" contextRef="From2025-02-012025-04-30_custom_CommonSharesMember" id="Fact000082" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.71</ix:nonFraction></td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td id="xdx_981_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_znFJhAME14wc" style="width: 7%; text-align: right">-<ix:nonFraction name="cef:HighestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2025-02-012025-04-30_custom_CommonSharesMember" id="Fact000083" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">7.09</ix:nonFraction></td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td id="xdx_982_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZnJjk6PLSrk" style="width: 7%; text-align: right">-<ix:nonFraction name="cef:LowestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2025-02-012025-04-30_custom_CommonSharesMember" id="Fact000084" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">10.38</ix:nonFraction></td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 10%; text-align: right">10,418,727</td><td style="width: 1%; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">January 31, 2025</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKaxIsmXuG1a" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBid" contextRef="From2024-11-012025-01-31_custom_CommonSharesMember" id="Fact000085" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.04</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_986_ecef--LowestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0UCbbCFFPS6" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBid" contextRef="From2024-11-012025-01-31_custom_CommonSharesMember" id="Fact000086" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.42</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98A_ecef--HighestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zCbeHRa2UnPe" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBidNav" contextRef="From2024-11-012025-01-31_custom_CommonSharesMember" id="Fact000087" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.70</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_983_ecef--LowestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zY4bkyB0QfBk" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBidNav" contextRef="From2024-11-012025-01-31_custom_CommonSharesMember" id="Fact000088" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.99</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_983_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTjL6NhQTMca" style="text-align: right">-<ix:nonFraction name="cef:HighestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2024-11-012025-01-31_custom_CommonSharesMember" id="Fact000089" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">7.59</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0xsDaxtdaR3" style="text-align: right">-<ix:nonFraction name="cef:LowestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2024-11-012025-01-31_custom_CommonSharesMember" id="Fact000090" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">7.11</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">14,169,483</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">October 31, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_985_ecef--HighestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTlDB9Enzht6" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBid" contextRef="From2024-08-012024-10-31_custom_CommonSharesMember" id="Fact000091" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.59</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_986_ecef--LowestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zIiJK3AIrLR9" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBid" contextRef="From2024-08-012024-10-31_custom_CommonSharesMember" id="Fact000092" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.21</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zinfGv82qmk8" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBidNav" contextRef="From2024-08-012024-10-31_custom_CommonSharesMember" id="Fact000093" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.15</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_988_ecef--LowestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNzkfwM37Bkd" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBidNav" contextRef="From2024-08-012024-10-31_custom_CommonSharesMember" id="Fact000094" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.91</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98C_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqsX4bkI5wvl" style="text-align: right">-<ix:nonFraction name="cef:HighestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2024-08-012024-10-31_custom_CommonSharesMember" id="Fact000095" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">6.87</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zfVIljTpCUV9" style="text-align: right">-<ix:nonFraction name="cef:LowestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2024-08-012024-10-31_custom_CommonSharesMember" id="Fact000096" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">8.88</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">8,213,688</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">July 31, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98A_ecef--HighestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z5XN7p4L9Ylb" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBid" contextRef="From2024-05-012024-07-31_custom_CommonSharesMember" id="Fact000097" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.40</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_989_ecef--LowestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zyceR8dVoGJ" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBid" contextRef="From2024-05-012024-07-31_custom_CommonSharesMember" id="Fact000098" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">6.86</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98D_ecef--HighestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zsGqSKMgww7h" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBidNav" contextRef="From2024-05-012024-07-31_custom_CommonSharesMember" id="Fact000099" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.02</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zu7UVKigVnIl" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBidNav" contextRef="From2024-05-012024-07-31_custom_CommonSharesMember" id="Fact000100" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.53</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_988_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zWQzKZe09jZ4" style="text-align: right">-<ix:nonFraction name="cef:HighestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2024-05-012024-07-31_custom_CommonSharesMember" id="Fact000101" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">7.73</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98B_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmEsvo12dcw1" style="text-align: right">-<ix:nonFraction name="cef:LowestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2024-05-012024-07-31_custom_CommonSharesMember" id="Fact000102" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">8.90</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">9,060,434</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">April 30, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98C_ecef--HighestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3cwJhAxVJ94" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBid" contextRef="From2024-02-012024-04-30_custom_CommonSharesMember" id="Fact000103" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.63</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--LowestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z4vaPMnC2dSj" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBid" contextRef="From2024-02-012024-04-30_custom_CommonSharesMember" id="Fact000104" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.02</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zHty0ae3EmMj" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBidNav" contextRef="From2024-02-012024-04-30_custom_CommonSharesMember" id="Fact000105" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.21</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--LowestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zn1xDzFJujSb" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBidNav" contextRef="From2024-02-012024-04-30_custom_CommonSharesMember" id="Fact000106" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.83</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_986_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zEI7kgGpbKAl" style="text-align: right">-<ix:nonFraction name="cef:HighestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2024-02-012024-04-30_custom_CommonSharesMember" id="Fact000107" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">7.06</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNKAyvmjVGNj" style="text-align: right">-<ix:nonFraction name="cef:LowestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2024-02-012024-04-30_custom_CommonSharesMember" id="Fact000108" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">10.57</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">11,197,324</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">January 31, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_980_ecef--HighestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZt0NwwSvT8k" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBid" contextRef="From2023-11-012024-01-31_custom_CommonSharesMember" id="Fact000109" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.94</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98A_ecef--LowestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zkmEsnZrTux7" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBid" contextRef="From2023-11-012024-01-31_custom_CommonSharesMember" id="Fact000110" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.31</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_ztb4qo543eLc" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBidNav" contextRef="From2023-11-012024-01-31_custom_CommonSharesMember" id="Fact000111" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.64</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_989_ecef--LowestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNQj6sEzs6W3" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBidNav" contextRef="From2023-11-012024-01-31_custom_CommonSharesMember" id="Fact000112" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.00</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98E_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zpbqbi4NTeN9" style="text-align: right">-<ix:nonFraction name="cef:HighestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2023-11-012024-01-31_custom_CommonSharesMember" id="Fact000113" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">8.10</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_983_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zSOJtf5clT33" style="text-align: right">-<ix:nonFraction name="cef:LowestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2023-11-012024-01-31_custom_CommonSharesMember" id="Fact000114" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">8.63</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">10,650,851</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">October 31, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_989_ecef--HighestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0BrWLRHdFg4" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBid" contextRef="From2023-08-012023-10-31_custom_CommonSharesMember" id="Fact000115" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.04</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--LowestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zw41DQ9sjtB9" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBid" contextRef="From2023-08-012023-10-31_custom_CommonSharesMember" id="Fact000116" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.18</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--HighestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zV6U7s8EpGsf" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBidNav" contextRef="From2023-08-012023-10-31_custom_CommonSharesMember" id="Fact000117" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.72</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_981_ecef--LowestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAo1qzoJrlNd" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBidNav" contextRef="From2023-08-012023-10-31_custom_CommonSharesMember" id="Fact000118" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.15</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98F_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zMd7UIQDaOkj" style="text-align: right">-<ix:nonFraction name="cef:HighestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2023-08-012023-10-31_custom_CommonSharesMember" id="Fact000119" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">7.80</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_988_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z8h5rfa6U5Ol" style="text-align: right">-<ix:nonFraction name="cef:LowestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2023-08-012023-10-31_custom_CommonSharesMember" id="Fact000120" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">11.90</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">8,507,684</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">July 31, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKkqv7wl2i76" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBid" contextRef="From2023-05-012023-07-31_custom_CommonSharesMember" id="Fact000121" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.10</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_981_ecef--LowestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z2oLWuVmTV09" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBid" contextRef="From2023-05-012023-07-31_custom_CommonSharesMember" id="Fact000122" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.61</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBiUB7TH4boi" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBidNav" contextRef="From2023-05-012023-07-31_custom_CommonSharesMember" id="Fact000123" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.76</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZtYFh3znyPg" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBidNav" contextRef="From2023-05-012023-07-31_custom_CommonSharesMember" id="Fact000124" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.35</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_982_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zvZm5LqGPXql" style="text-align: right">-<ix:nonFraction name="cef:HighestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2023-05-012023-07-31_custom_CommonSharesMember" id="Fact000125" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">7.53</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_981_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmz4yINV3lZ8" style="text-align: right">-<ix:nonFraction name="cef:LowestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2023-05-012023-07-31_custom_CommonSharesMember" id="Fact000126" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">8.86</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">8,045,549</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">April 30, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--HighestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zaQvlouMKxoc" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBid" contextRef="From2023-02-012023-04-30_custom_CommonSharesMember" id="Fact000127" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.42</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_988_ecef--LowestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqQrC1JfYYtl" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBid" contextRef="From2023-02-012023-04-30_custom_CommonSharesMember" id="Fact000128" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.66</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98E_ecef--HighestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zxaqcGF21psg" style="text-align: right"><ix:nonFraction name="cef:HighestPriceOrBidNav" contextRef="From2023-02-012023-04-30_custom_CommonSharesMember" id="Fact000129" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">9.14</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zbiG0SjrKdk1" style="text-align: right"><ix:nonFraction name="cef:LowestPriceOrBidNav" contextRef="From2023-02-012023-04-30_custom_CommonSharesMember" id="Fact000130" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.60</ix:nonFraction></td><td style="text-align: left">&#160;</td>

<td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98D_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zo2kShvt1a6d" style="text-align: right">-<ix:nonFraction name="cef:HighestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2023-02-012023-04-30_custom_CommonSharesMember" id="Fact000131" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">7.93</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zRNjkjTUFhqa" style="text-align: right">-<ix:nonFraction name="cef:LowestPriceOrBidPremiumDiscountToNavPercent" contextRef="From2023-02-012023-04-30_custom_CommonSharesMember" id="Fact000132" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">10.93</ix:nonFraction></td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">6,926,864</td><td style="text-align: left">&#160;</td></tr>
  </table></ix:nonNumeric></div></div>

<p style="margin-top: 0; margin-bottom: 0"></p>


<ix:exclude><!-- Field: Page; Sequence: 16; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of April 30, 2025, the NAV per common share
of the Fund was $<span id="xdx_903_eus-gaap--NetAssetValuePerShare_iI_c20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_za5B8X5Rxp31"><ix:nonFraction name="us-gaap:NetAssetValuePerShare" contextRef="AsOf2025-04-30_custom_CommonSharesMember" id="Fact000133" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">8.09</ix:nonFraction></span> and the market price per common share was $<span id="xdx_90D_eus-gaap--SharePrice_iI_c20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zLLC1d4FPhi7"><ix:nonFraction name="us-gaap:SharePrice" contextRef="AsOf2025-04-30_custom_CommonSharesMember" id="Fact000134" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">7.68</ix:nonFraction></span>, representing a premium/discount to NAV of <span id="xdx_909_ecef--LatestPremiumDiscountToNavPercent_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zcKf0COhEAFf">-<ix:nonFraction name="cef:LatestPremiumDiscountToNavPercent" contextRef="From2025-02-012025-04-30_custom_CommonSharesMember" id="Fact000135" format="ixt:numdotdecimal" decimals="INF" scale="-2" sign="-" unitRef="Ratio">5.07</ix:nonFraction>%</span>. Common shares
of the Fund have historically traded at both a premium and discount to NAV.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of April 30, 2025, the Fund has $42,529,493.52
common shares outstanding.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_908_ecef--SecurityTitleTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--PreferredSharesMember_zWL5xBS5Ywo9"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_PreferredSharesMember" escape="true" id="Fact000136" name="cef:SecurityTitleTextBlock">Preferred Shares</ix:nonNumeric></span></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Declaration of Trust provides that the Board
may authorize and issue preferred shares, with rights as determined by the Board, by action of the Board without the approval of the holders
of the common shares. Holders of common shares have no preemptive right to purchase any preferred shares that might be issued. The Fund
does not currently intend to issue preferred shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the Investment Company Act, the Fund is
not permitted to issue preferred shares unless immediately after such issuance the value of the Fund&#8217;s total assets is at least
200% of the liquidation value of the outstanding preferred shares (i.e., the liquidation value may not exceed 50% of the Fund&#8217;s
total assets). In addition, the Fund is not permitted to declare any cash dividend or other distribution on its common shares unless,
at the time of such declaration, the value of the Fund&#8217;s total assets is at least 200% of such liquidation value. If the Fund issues
preferred shares, it may be subject to restrictions imposed by the guidelines of one or more rating agencies that may issue ratings for
preferred shares issued by the Fund. These guidelines may impose asset coverage or portfolio composition requirements that are more stringent
than those imposed on the Fund by the Investment Company Act. It is not anticipated that these covenants or guidelines would impede the
Adviser from managing the Fund&#8217;s portfolio in accordance with the Fund&#8217;s investment objectives and policies. Please see &#8220;Description
of Shares&#8221; in the SAI for more information.</p>

</ix:nonNumeric><p id="xdx_A93_zfErKKaYL1Eb" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p id="xdx_A99_zadtaLkeFNW6" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Authorized Shares </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<ix:nonNumeric contextRef="AsOf2025-07-03" escape="true" id="Fact000137" name="cef:OutstandingSecuritiesTableTextBlock"><p id="xdx_A8A_ecef--OutstandingSecuritiesTableTextBlock_zDRXePIEXf7" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The following table provides the Fund&#8217;s authorized shares and
common shares outstanding as of April 30, 2025.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; width: 40%"><b>Title of Class</b></td>
    <td style="border-bottom: Black 1pt solid; width: 20%; text-align: center"><b>Amount Authorized</b></td>
    <td style="border-bottom: Black 1pt solid; width: 20%"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Amount</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Held by Fund or for its</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Account</b></p></td>
    <td style="border-bottom: Black 1pt solid; width: 20%"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Amount Outstanding
                           Exclusive of Amount held by</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Fund</b></p></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span id="xdx_908_ecef--OutstandingSecurityTitleTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zOWATpfVK8d1"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CommonSharesMember" escape="true" id="Fact000138" name="cef:OutstandingSecurityTitleTextBlock">Common Shares</ix:nonNumeric></span></td>
    <td style="text-align: center">Unlimited</td>
    <td style="text-align: center"><span id="xdx_909_ecef--OutstandingSecurityHeldShares_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zhQAG8fxyNff"><ix:nonFraction name="cef:OutstandingSecurityHeldShares" contextRef="From2025-07-032025-07-03_custom_CommonSharesMember" id="Fact000139" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares">45,048,584</ix:nonFraction></span></td>
    <td style="text-align: center"><span id="xdx_904_ecef--OutstandingSecurityNotHeldShares_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAw9Ck053tbl"><ix:nonFraction name="cef:OutstandingSecurityNotHeldShares" contextRef="From2025-07-032025-07-03_custom_CommonSharesMember" id="Fact000140" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares">42,529,494</ix:nonFraction></span></td></tr>
  </table>
</ix:nonNumeric><p id="xdx_A90_za7iMRyqoiLl" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<ix:nonNumeric contextRef="AsOf2025-07-03" escape="true" id="Fact000141" name="cef:InvestmentObjectivesAndPracticesTextBlock"><p id="xdx_A8D_ecef--InvestmentObjectivesAndPracticesTextBlock_zYCh1IdOmp83" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">THE FUND&#8217;S
INVESTMENTS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Investment Objectives and Policies </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s investment objective is to seek
to provide shareholders with a high level of current income, with a secondary goal of capital appreciation. The investment objective is
a non-fundamental policy that may be changed by the Board without shareholder approval upon 60 days&#8217; prior written notice to shareholders.
In pursuing its objectives, the Fund may invest in debt and equity securities of public and private companies, which include, among other
things, investment in closed-end funds, special purpose acquisition companies (SPACs), reinsurance and public and private debt instruments.</p>


<ix:exclude><!-- Field: Page; Sequence: 17; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s investments may be in issuers
located both in the U.S. and outside the U.S. The Fund may invest, without limit, in issuers located in emerging market countries. The
Fund may invest, without limit, in debt/fixed income instruments and convertible securities that, at the time of purchase, are rated below
investment grade or are unrated but determined to be of comparable quality (commonly referred to as &#8220;high yield&#8221; investments
or &#8220;junk&#8221; bonds). The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted
average maturity. A bond is issued with a specific maturity date, which is the date when the issuer must pay back the bond&#8217;s principal
(face value). Bond maturities range from less than 1 year to more than 30 years. Typically, the longer a bond&#8217;s maturity, the more
price risk the Fund and the Fund&#8217;s investors face as interest rates rise, but the Fund could receive a higher yield in return for
that longer maturity and higher interest rate risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may also utilize derivatives, including,
but not limited to, total return swaps, credit default swaps, and options and futures, in seeking to enhance returns and/or to reduce
portfolio risk. In pursuit of the Fund&#8217;s objectives, the Fund may invest on an opportunistic basis in private funds that pursue
a variety of investment strategies.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in a wide array of securities
and instruments in pursuit of its objective. Specifically, the Fund may invest in the following instruments and use the following investment
techniques, subject to any limitations set forth herein. There is no guarantee the Fund will buy all of the types of securities or use
all of the investment techniques that are described herein and in the SAI.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Closed-End Funds</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund invests its assets in U.S. and non-U.S.
&#8220;closed-end&#8221; investment companies (or &#8220;closed-end funds&#8221;) and, at times, to a significant degree. U.S. closed-end
funds are registered investment companies that, unlike open-end funds, do not typically issue redeemable shares. Instead, a fixed number
of shares trade on a secondary market, such as a securities exchange. The Fund may invest in closed-ends funds that are domiciled outside
of the U.S. or whose securities are traded on a non-U.S. exchange. Such securities are typically listed for trading on the NYSE or NASDAQ
and, in some cases, may be traded in other over-the-counter markets or on foreign exchanges.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund invests in closed-end funds that pursue
a variety of strategies, including closed-end funds that invest in dividend and other income-producing securities (e.g., equity securities)
and closed-end funds that invest in debt and loans, including high yield or non-investment grade securities (commonly referred to as &#8220;junk
bonds&#8221;). The closed-ends funds have the flexibility to invest in a broad range of securities. The closed-end funds may invest in
securities with a range of maturities from short- to long-term. Substantially all of the closed-end funds&#8217; assets may be invested
in lower-rated securities, which may include securities having the lowest rating for non-subordinated debt instruments (i.e., rated C
by Moody&#8217;s Investors Service or CCC+ or lower by Standard &amp; Poor&#8217;s Ratings Services and Fitch Ratings) and unrated securities
of equivalent investment quality. The Fund&#8217;s closed-end fund investments may also invest in equity securities, municipal securities
(including through depositary receipts or other securities convertible into securities of foreign issuers), mortgage-related and other
asset-backed securities, real estate investment trusts (&#8220;REITs&#8221;), loan participations, inflation-protected securities, structured
securities, variable, floating, and inverse floating rate instruments and preferred stock, and may use other investment techniques, including
investments in derivative instruments. The closed-end funds may also make short sales of securities or maintain a short position.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund generally will purchase shares of closed-end
funds in the secondary market. The Fund will incur normal brokerage costs on such purchases similar to the expenses the Fund would incur
for the purchase of securities of any other type of issuer in the secondary market. The Fund may, however, also purchase securities of
a closed-end fund in an initial public offering or other offering, when, in the opinion of the Adviser, based on a consideration of the
nature of the closed-end fund&#8217;s proposed investments, the prevailing market conditions and the level of demand for such securities,
they represent an attractive opportunity for growth of capital. The offering price typically can include a dealer spread, which may be
higher than the applicable brokerage cost if the Fund purchased such securities in the secondary market. In seeking to maximize value,
the Fund may also invest in closed-ends funds that are, or the Adviser believes may become, the subject of an activist campaign by a shareholder,
such as a proxy contest, whose aim is to eliminate or reduce the discount to the closed-end fund&#8217;s NAV. Such activism may be initiated
by the Adviser (on behalf of its other clients) or by third parties.</p>


<ix:exclude><!-- Field: Page; Sequence: 18; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Special Purpose Acquisition Companies </i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A SPAC is typically a publicly traded company
that raises investment capital via an IPO for the purpose of acquiring one or more existing companies (or interests therein) via merger,
combination, acquisition or other similar transactions (each a &#8220;SPAC Transaction&#8221;). The shares of a SPAC are issued in &#8220;units&#8221;
that typically include one share of common stock and one warrant (or partial warrant) conveying the right to purchase additional shares.
Within 52 days after the closing of the IPO, the shares of common stock and the warrants comprising the units will begin to trade separately
and become freely tradeable. After going public, and until a SPAC Transaction is completed, a SPAC generally invests the proceeds of its
IPO (less a portion retained to cover expenses) in U.S. Government securities, money market securities and/or cash. If a SPAC does not
complete a SPAC Transaction within a specified period of time after going public, the SPA<i>C </i>is typically dissolved, at which point
the invested funds are returned to the SPAC&#8217;s shareholders (less certain permitted expenses) and any warrants issued by the SPAC
expire worthless. In some cases, the Fund will forfeit its right to exercise its warrants to receive additional shares even if a SPAC
Transaction occurs if the Fund holding the warrant elects to redeem its shares of common stock and not participate in the SPAC Transaction.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Debt and other Fixed Income Investments
</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Corporate Bonds.</i> Corporate bonds are debt
obligations issued by corporations. Corporate bonds may be either secured or unsecured. Collateral used for secured debt includes real
property, machinery, equipment, accounts receivable, stocks, bonds or notes. If a bond is unsecured, it is known as a debenture. Bondholders,
as creditors, have a prior legal claim over common and preferred stockholders as to both income and assets of the corporation for the
principal and interest due them and may have a prior claim over other creditors if liens or mortgages are involved. Interest on corporate
bonds may be fixed or floating, or the bonds may be zero coupons. Interest on corporate bonds is typically paid semi-annually and is fully
taxable to the bondholder. Corporate bonds contain elements of both interest rate risk and credit risk. The market value of a corporate
bond generally may be expected to rise and fall inversely with interest rates and may also be affected by the credit rating of the corporation,
the corporation&#8217;s performance and perceptions of the corporation in the marketplace. Corporate bonds usually yield more than government
or agency bonds due to the presence of credit risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Private Credit</i>. The Fund may also invest
in debt securities issued by private companies. Generally, very little public information exists about these private companies, and the
Fund will rely on the ability of the Adviser to obtain adequate information to evaluate the potential returns from investing in these
companies. Private companies may have limited financial resources and may be unable to meet their obligations under their debt securities
that the Fund holds. The Fund may invest in senior secured first lien term loans and senior secured second lien term loans issued by private
companies. Additionally, the Fund may invest in debt securities issued by private companies that may be secured on a second priority basis
by the same collateral securing senior secured debt of such companies. The Fund may also investment in private investment funds that invest
in private debt and credit assets. In general, these interests are subject to underlying lock-ups, are not freely transferrable and/or
have substantial transfer restrictions and no active trading market but may have certain rights as to redemption.</p>


<ix:exclude><!-- Field: Page; Sequence: 19; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Senior Loans. </i>The Fund may invest in senior
secured floating rate and fixed rate loans or debt. Senior loans primarily include senior floating rate loans, first and second lien loans,
and secondarily senior floating rate debt obligations (including those issued by an asset-backed pool), and interests therein. Senior
loan interests may take the form of direct interests acquired during a primary distribution and also may take the form of assignments
of, novations of, or participations in, a bank loan acquired in secondary markets. A senior loan typically is originated, negotiated,
and structured by a U.S. or foreign commercial bank, insurance company, finance company, or other financial institution (collectively,
the &#8220;Agent&#8221;) for a group of loan investors. The Agent typically administers and enforces the senior loan on behalf of the
other loan investors in the syndicate. In addition, an institution, typically but not always the Agent, holds any collateral on behalf
of the loan investors. Purchasers of senior loans and other forms of indebtedness depend primarily on the creditworthiness of the corporate
or other borrower for payment of principal and interest.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Senior loans typically have a stated term of between
five and nine years and have rates of interest that typically are redetermined daily, monthly, quarterly or semi-annually. Longer interest
rate reset periods generally increase fluctuations in the Fund&#8217;s NAV as a result of changes in market interest rates. The Fund is
not subject to any restrictions with respect to the maturity of senior loans held in its portfolio. As a result, as short-term interest
rates increase, interest payable to the Fund from its investments in senior loans should increase, and as short-term interest rates decrease,
interest payable to the Fund from its investments in senior loans should decrease. Because of prepayments, the Adviser expects the average
life of the senior loans in which the Fund invests to be shorter than the stated maturity.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may purchase senior loans on a direct
assignment basis. If the Fund purchases a senior loan on direct assignment, it typically succeeds to all the rights and obligations under
the loan agreement of the assigning lender and becomes a lender under the loan agreement with the same rights and obligations as the assigning
lender. The Fund may also purchase, without limitation, participations in senior loans. The participation by the Fund in a lender&#8217;s
portion of a senior loan typically will result in the Fund having a contractual relationship only with such lender, not with the borrower.
As a result, the Fund may have the right to receive payments of principal, interest and any fees to which it is entitled only from the
lender selling the participation and only upon receipt by such lender of payments from the borrower. Such indebtedness may be secured
or unsecured. Loan participations typically represent direct participations in a loan to a borrower and generally are offered by banks
or other financial institutions or lending syndicates. The Fund may participate in such syndications, or can buy part of a loan, becoming
a part lender.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Convertible Securities. </i>A convertible security
is a bond, debenture, note, preferred stock or other security that may be converted into or exchanged for a prescribed amount of common
stock or other equity security of the same or a different issuer within a particular period of time at a specified price or formula. A
convertible security entitles the holder to receive interest paid or accrued on debt or the dividend paid on preferred stock until the
convertible security matures or is redeemed, converted or exchanged. Before conversion, convertible securities have characteristics similar
to nonconvertible income securities in that they ordinarily provide a stable stream of income with generally higher yields than those
of common stocks of the same or similar issuers, but lower yields than comparable nonconvertible securities. The value of a convertible
security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest
rates decline. The credit standing of the issuer and other factors also may have an effect on the convertible security&#8217;s investment
value. Convertible securities rank senior to common stock in a corporation&#8217;s capital structure but are usually subordinated to comparable
nonconvertible securities. Convertible securities may be subject to redemption at the option of the issuer at a price established in the
convertible security&#8217;s governing instrument.</p>


<ix:exclude><!-- Field: Page; Sequence: 20; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &#8220;synthetic&#8221; or &#8220;manufactured&#8221;
convertible security may be created by the Fund or by a third party by combining separate securities that possess the two principal characteristics
of a traditional convertible security: an income producing component and a convertible component. The income-producing component is achieved
by investing in non-convertible, income-producing securities such as bonds, preferred stocks and money market instruments. The convertible
component is achieved by investing in securities or instruments such as warrants or options to buy common stock at a certain exercise
price, or options on a stock index. Unlike a traditional convertible security, which is a single security having a single market value,
a synthetic convertible comprises two or more separate securities, each with its own market value. Because the &#8220;market value&#8221;
of a synthetic convertible security is the sum of the values of its income-producing component and its convertible component, the value
of a synthetic convertible security may respond differently to market fluctuations than a traditional convertible security. The Fund also
may purchase synthetic convertible securities created by other parties, including convertible structured notes. Convertible structured
notes are income-producing debentures linked to equity. Convertible structured notes have the attributes of a convertible security; however,
the issuer of the convertible note (typically an investment bank), rather than the issuer of the underlying common stock into which the
note is convertible, assumes credit risk associated with the underlying investment and the Fund in turn assumes credit risk associated
with the issuer of the convertible note.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Asset-Backed Securities. </i>Asset-backed securities
(&#8220;ABS&#8221;) are a form of structured debt obligation. ABS are bonds backed by pools of loans or other receivables. The collateral
for these securities may include home equity loans, automobile and credit card receivables, boat loans, computer leases, airplane leases,
mobile home loans, recreational vehicle loans and hospital account receivables. The Fund may invest in these and other types of ABS that
may be developed in the future. These securities may provide the Fund with a less effective security interest in the related collateral
than do mortgage related securities. Therefore, there is the possibility that recoveries on the underlying collateral may not, in some
cases, be available to support payments on these securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Collateralized Loan Obligations. </i>A Collateralized
Loan Obligation (&#8220;CLO&#8221;) is a structured debt security, issued by a financing company (generally called a special purpose vehicle
or &#8220;SPV&#8221;), that was created to reapportion the risk and return characteristics of a pool of bank loans. Investors in CLOs
bear the credit risk of the underlying collateral. The bank loans are used as collateral supporting the various debt tranches issued by
the SPV. Multiple tranches of securities are issued by the CLO, offering investors various maturity and credit risk characteristics. Tranches
are categorized as senior, mezzanine, or subordinated/equity, according to their degree of risk. The key feature of the CLO structure
is the prioritization of the cash flows from a pool of debt securities among the several classes of the CLO. If there are defaults or
the CLO&#8217;s collateral otherwise underperforms, scheduled payments to senior tranches take precedence over those of mezzanine tranches,
and scheduled payments to mezzanine tranches take precedence over those to subordinated/equity tranches. The Fund may invest in the equity
or residual portion of the capital structure of CLOs. The SPV is a company founded solely for the purpose of securitizing payment claims.
On this basis, marketable securities are issued which, due to the diversification of the underlying risk, generally represent a lower
level of risk than the original assets. The redemption of the securities issued by the SPV takes place at maturity out of the cash flow
generated by the collected claims. The vast majority of CLOs are actively managed by an independent investment manager.&#160;&#160;</p>


<ix:exclude><!-- Field: Page; Sequence: 21; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>High-Yield Securities</i>. High-yield, or low
and below investment grade securities (below investment grade securities are also known as &#8220;junk bonds&#8221;) are debt securities
with the lowest investment grade rating (e.g., BBB by S&amp;P and Fitch or Baa by Moody&#8217;s), that are below investment grade (e.g.,
lower than BBB by S&amp;P and Fitch or Baa by Moody&#8217;s) or that are unrated but determined by the Fund&#8217;s portfolio managers
to be of comparable quality. These types of securities may be issued to fund corporate transactions or restructurings, such as leveraged
buyouts, mergers, acquisitions, debt reclassifications or similar events. High-yield securities may be more speculative in nature than
securities with higher ratings and tend to be more sensitive to credit risk, particularly during a downturn in the economy. These types
of securities may be issued by unseasoned companies without long track records of sales and earnings, or by companies or municipalities
that have questionable credit strength. High-yield securities and comparable unrated securities: (i) likely will have some quality and
protective characteristics that, in the judgment of one or more Nationally Recognized Statistical Rating Organizations, are outweighed
by large uncertainties or major risk exposures to adverse conditions; (ii) are speculative with respect to the issuer&#8217;s capacity
to pay interest and repay principal in accordance with the terms of the obligation; and (iii) may have a less liquid secondary market,
potentially making it difficult to value or sell such securities. Credit ratings issued by credit rating agencies are designed to evaluate
the safety of principal and interest payments of rated securities. They do not, however, evaluate the market value risk of lower-quality
securities and, therefore, may not fully reflect the true risks of an investment. In addition, credit rating agencies may or may not make
timely changes in a rating to reflect changes in the economy or in the condition of the issuer that affect the market value of the securities.
Consequently, credit ratings are used only as a preliminary indicator of investment quality. High-yield securities may be structured as
fixed-, variable- or floating-rate obligations or as zero- coupon, pay-in-kind and step-coupon securities and may be privately placed
or publicly offered.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The rates of return on these types of securities
generally are higher than the rates of return available on more highly rated securities, but generally involve greater volatility of price
and risk of loss of principal and income, including the possibility of default by or insolvency of the issuers of such securities. Accordingly,
the Fund may be more dependent on the Adviser&#8217;s credit analysis with respect to these types of securities than is the case for more
highly rated securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The market values of certain high-yield securities
and comparable unrated securities tend to be more sensitive to individual corporate developments and changes in economic conditions than
are the market values of more highly rated securities. In addition, issuers of high-yield and comparable unrated securities often are
highly leveraged and may not have more traditional methods of financing available to them, so that their ability to service their debt
obligations during an economic downturn or during sustained periods of rising interest rates may be impaired.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The risk of loss due to default is greater for
high-yield and comparable unrated securities than it is for higher rated securities because high-yield securities and comparable unrated
securities generally are unsecured and frequently are subordinated to more senior indebtedness. The Fund may incur additional expenses
to the extent that it is required to seek recovery upon a default in the payment of principal or interest on its holdings of such securities.
The existence of limited markets for lower-rated debt securities may diminish the Fund&#8217;s ability to: (i) obtain accurate market
quotations for purposes of valuing such securities and calculating portfolio net asset value; and (ii) sell the securities at fair market
value either to meet redemption requests or to respond to changes in the economy or in financial markets.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Many lower-rated securities are not registered
for offer and sale to the public under the Securities Act. Investments in these restricted securities may be determined by the Adviser
to be liquid (able to be sold or disposed of in current market conditions in seven days or less without the sales or dispositions significantly
changing the market value of the investment).</p>


<ix:exclude><!-- Field: Page; Sequence: 22; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Mortgage Related Derivative Instruments</i>.
The Fund may invest in MBS credit default swaps. MBS credit default swaps include swaps the reference obligation for which is an MBS or
related index, such as the CMBX Index (a tradeable index referencing a basket of CMBS), the TRX Index (a tradeable index referencing total
return swaps based on CMBS) or the ABX Index (a tradeable index referencing a basket of sub-prime MBS). The Fund may engage in other derivative
transactions related to MBS, including purchasing and selling exchange-listed and over-the-counter put and call options, futures and forwards
on mortgages and MBS. The Fund may invest in newly developed mortgage related derivatives that may hereafter become available.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Other Mortgage Related Securities</i>. Other
mortgage related securities include securities other than those described above that directly or indirectly represent a participation
in, or are secured by and payable from, mortgage loans on real property. Other mortgage related securities may be equity or debt securities
issued by agencies or instrumentalities of the U.S. Government or by private originators of, or investors in, mortgage loans, including
savings and loan associations, homebuilders, mortgage banks, commercial banks, investment banks, partnerships, trusts and special purpose
entities of the foregoing.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>U.S. Government Debt Securities. </i>The Fund
may invest in debt securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, including U.S. Treasury
obligations, which differ in their interest rates, maturities and times of issuance. Such obligations include U.S. Treasury bills (maturity
of one year or less), U.S. Treasury notes (maturity of one to ten years) and U.S. Treasury bonds (generally maturities of greater than
ten years), including the principal components or the interest components issued by the U.S. Government under the separate trading of
registered interest and principal securities program (i.e., &#8220;STRIPS&#8221;), all of which are backed by the full faith and credit
of the United States.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Preferred Securities.</i> The Fund may invest
in preferred securities. There are two basic types of preferred securities. The first type, sometimes referred to as traditional preferred
securities, consists of preferred stock issued by an entity taxable as a corporation. The second type, sometimes referred to as trust
preferred securities, are usually issued by a trust or limited partnership and represent preferred interests in deeply subordinated debt
instruments issued by the corporation for whose benefit the trust or partnership was established.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="text-decoration: underline">Traditional Preferred Securities</span>.
Traditional preferred securities generally pay fixed or adjustable rate dividends to investors and generally have a &#8220;preference&#8221;
over common stock in the payment of dividends and the liquidation of a company&#8217;s assets. This means that a company must pay dividends
on preferred stock before paying any dividends on its common stock. In order to be payable, distributions on such preferred securities
must be declared by the issuer&#8217;s board of directors. Income payments on typical preferred securities currently outstanding are cumulative,
causing dividends and distributions to accumulate even if not declared by the board of directors or otherwise made payable. In such a
case all accumulated dividends must be paid before any dividend on the common stock can be paid. However, some traditional preferred stocks
are non-cumulative, in which case dividends do not accumulate and need not ever be paid. A portion of the portfolio may include investments
in non-cumulative preferred securities, whereby the issuer does not have an obligation to make up any arrearages to its shareholders.
Should an issuer of a non-cumulative preferred stock held by the Fund determine not to pay dividends on such stock, the amount of dividends
the Fund pays may be adversely affected. There is no assurance that dividends or distributions on the traditional preferred securities
in which the Fund invests will be declared or otherwise made payable.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Preferred stockholders usually
have no right to vote for corporate directors or on other matters. Shares of traditional preferred securities have a liquidation value
that generally equals the original purchase price at the date of issuance. The market value of preferred securities may be affected by
favorable and unfavorable changes impacting companies in the utilities and financial services sectors, which are prominent issuers of
preferred securities, and by actual and anticipated changes in tax laws, such as changes in corporate income tax rates or the &#8220;Dividends
Received Deduction.&#8221; Because the claim on an issuer&#8217;s earnings represented by traditional preferred securities may become
onerous when interest rates fall below the rate payable on such securities, the issuer may redeem the securities. Thus, in declining interest
rate environments in particular, the Fund&#8217;s holdings, if any, of higher rate-paying fixed rate preferred securities may be reduced
and the Fund may be unable to acquire securities of comparable credit quality paying comparable rates with the redemption proceeds.</p>


<ix:exclude><!-- Field: Page; Sequence: 23; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="text-decoration: underline">Trust Preferred Securities</span>.
Trust preferred securities are a comparatively new asset class. Trust preferred securities are typically issued by corporations, generally
in the form of interest-bearing notes with preferred security characteristics, or by an affiliated business trust of a corporation, generally
in the form of beneficial interests in subordinated debentures or similarly structured securities. The trust preferred securities market
consists of both fixed and adjustable coupon rate securities that are either perpetual in nature or have stated maturity dates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Trust preferred securities
are typically junior and fully subordinated liabilities of an issuer or the beneficiary of a guarantee that is junior and fully subordinated
to the other liabilities of the guarantor. In addition, trust preferred securities typically permit an issuer to defer the payment of
income for eighteen months or more without triggering an event of default. Generally, the deferral period is five years or more. Because
of their subordinated position in the capital structure of an issuer, the ability to defer payments for extended periods of time without
default consequences to the issuer, and certain other features (such as restrictions on common dividend payments by the issuer or ultimate
guarantor when full cumulative payments on the trust preferred securities have not been made), these trust preferred securities are often
treated as close substitutes for traditional preferred securities, both by issuers and investors. Trust preferred securities have many
of the key characteristics of equity due to their subordinated position in an issuer&#8217;s capital structure and because their quality
and value are heavily dependent on the profitability of the issuer rather than on any legal claims to specific assets or cash flows.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Municipal Securities. </i>The Fund may invest
in municipal securities, which include debt obligations issued to obtain funds for various public purposes, including the construction
of a wide range of public facilities, refunding of outstanding obligations and obtaining funds for general operating expenses and loans
to other public institutions and facilities. In addition, certain types of private activity bonds (&#8220;PABs&#8221;) (or industrial
development bonds, under pre-1986 law) are issued by or on behalf of public authorities to finance various privately owned or operated
facilities, including among other things, airports, public ports, mass commuting facilities, multi-family housing projects, as well as
facilities for water supply, gas, electricity, sewage or solid waste disposal and other specialized facilities. Other types of PABs, the
proceeds of which are used for the construction, equipment or improvement of privately operated industrial or commercial facilities, may
constitute municipal securities. The interest on municipal securities may bear a fixed rate or be payable at a variable or floating rate.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Distressed and Defaulted Securities. </i>The
Fund may invest in the securities of financially distressed and bankrupt issuers, including debt obligations that are in covenant or payment
default. Such investments generally trade significantly below par and are considered speculative. The repayment of defaulted obligations
is subject to significant uncertainties. Defaulted obligations might be repaid only after lengthy workout or bankruptcy proceedings, during
which the issuer might not make any interest or other payments. Typically such workout or bankruptcy proceedings result in only partial
recovery of cash payments or an exchange of the defaulted obligation for other debt or equity securities of the issuer or its affiliates,
which may in turn be illiquid or speculative.</p>


<ix:exclude><!-- Field: Page; Sequence: 24; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Credit Default Swaps.</i> The Fund may enter
into credit default swap agreements for hedging purposes or to seek to increase income or gain. The credit default swap agreement may
have as reference obligations one or more securities that are not currently held by the Fund. The protection &#8220;buyer&#8221; in a
credit default contract may be obligated to pay the protection &#8220;seller&#8221; an upfront or a periodic stream of payments over the
term of the contract, provided that no credit event on the reference obligation occurs. If a credit event occurs, the seller generally
must pay the buyer the &#8220;par value&#8221; (full notional amount) of the swap in exchange for an equal face amount of deliverable
obligations of the reference entity described in the swap, or if the swap is cash settled the seller may be required to deliver the related
net cash amount (the difference between the market value of the reference obligation and its par value). The Fund may be either the buyer
or seller in the transaction. If the Fund is a buyer and no credit event occurs, the Fund will generally receive no payments from its
counterparty under the swap if the swap is held through its termination date. However, if a credit event occurs, the buyer generally may
elect to receive the full notional amount of the swap in exchange for an equal face amount of deliverable obligations of the reference
entity, the value of which may have significantly decreased. As a seller, the Fund generally receives an upfront payment or a fixed rate
of income throughout the term of the swap, which typically is between six months and three years, provided that there is no credit event.
If a credit event occurs, generally the seller must pay the buyer the full notional amount of the swap in exchange for an equal face amount
of deliverable obligations of the reference entity, the value of which may have significantly decreased. As the seller, the Fund would
effectively add leverage to its portfolio because, in addition to its assets, the Fund would be subject to investment exposure on the
notional amount of the swap in excess of any premium and margin required to establish and maintain the position.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Structured Instruments.</i> The Fund may use
structured instruments for investment purposes, for risk management purposes, such as to reduce the duration and interest rate sensitivity
of the Fund&#8217;s portfolio, and for leveraging purposes. While structured instruments may offer the potential for a favorable rate
of return from time to time, they also entail certain risks. Structured instruments may be less liquid than other fixed-income securities
and the price of structured instruments may be more volatile. In some cases, depending on the terms of the embedded index, a structured
instrument may provide that the principal and/or interest payments may be adjusted below zero. Structured instruments also may involve
significant credit risk and risk of default by the counterparty. Structured instruments may also be illiquid. Like other sophisticated
strategies, the Fund&#8217;s use of structured instruments may not work as intended.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Sovereign Governmental and Supranational Debt.</i>
The Fund may invest in all types of debt securities of governmental issuers in all countries, including foreign countries. These sovereign
debt securities may include: debt securities issued or guaranteed by governments, governmental agencies or instrumentalities and political
subdivisions located in foreign countries; debt securities issued by government owned, controlled or sponsored entities located in foreign
countries; interests in entities organized and operated for the purpose of restructuring the investment characteristics of instruments
issued by any of the above issuers; Brady Bonds, which are debt securities issued under the framework of the Brady Plan as a means for
debtor nations to restructure their outstanding external indebtedness; participations in loans between emerging market governments and
financial institutions; or debt securities issued by supranational entities such as the World Bank. A supranational entity is a bank,
commission or company established or financially supported by the national governments of one or more countries to promote reconstruction
or development. Sovereign government and supranational debt involve all the risks described herein regarding foreign and emerging markets
investments as well as the risk of debt moratorium, repudiation or renegotiation.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Inflation-Indexed Bonds.</i> Inflation-indexed
bonds (other than municipal inflation-indexed bonds and certain corporate inflation-indexed bonds) are fixed income securities the principal
value of which is periodically adjusted according to the rate of inflation. If the index measuring inflation falls, the principal value
of inflation-indexed bonds (other than municipal inflation-indexed bonds and certain corporate inflation-indexed bonds) will be adjusted
downward, and consequently the interest payable on these securities (calculated with respect to a smaller principal amount) will be reduced.
Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed
bonds (&#8220;TIPs&#8221;). For bonds that do not provide a similar guarantee, the adjusted principal value of the bond repaid at maturity
may be less than the original principal. With regard to municipal inflation-indexed bonds and certain corporate inflation-indexed bonds,
the inflation adjustment is typically reflected in the semi-annual coupon payment. As a result, the principal value of municipal inflation-indexed
bonds and such corporate inflation-indexed bonds does not adjust according to the rate of inflation.</p>


<ix:exclude><!-- Field: Page; Sequence: 25; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Event-Linked Instruments/Catastrophe Bonds</i>.
The Fund may obtain event-linked exposure by investing in &#8220;event-linked bonds&#8221; or &#8220;event-linked swaps&#8221; or by implementing
&#8220;event-linked strategies.&#8221; Event-linked exposure results in gains or losses that typically are contingent on, or formulaically
related to, defined trigger events. Examples of trigger events include hurricanes, earthquakes, weather-related phenomena or statistics
relating to such events. Some event-linked bonds are commonly referred to as &#8220;catastrophe bonds.&#8221; If a trigger event occurs,
the principal amount of the bond is reduced (potentially to zero), and the Fund may lose all or a portion of its entire principal invested
in the bond or the entire notional amount on a swap.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Reinsurance Notes</i>. The Fund may invest,
directly or indirectly, in reinsurance contracts through shares or notes issued in connection with quota shares and/or may gain exposure
to reinsurance contracts through excess of loss notes and/or industry loss warranties (collectively, &#8220;Reinsurance Notes&#8221;).
As Reinsurance Notes represent an interest, either proportional or non-proportional, in one or more underlying reinsurance contracts,
the Fund has limited transparency into the individual underlying contract(s) and, therefore, must rely upon the risk assessment and sound
underwriting practices of the sponsor. Accordingly, it may be more difficult to fully evaluate the underlying risk profile of Reinsurance
Notes, which may place the Fund&#8217;s assets at greater risk of loss than if the Adviser had more complete information. The lack of
transparency may also make the valuation of such investments more difficult and potentially result in mispricing that could result in
losses to the Fund. In Reinsurance Notes, the Fund cannot lose more than the amount invested.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Equity Securities</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to investments in closed-end funds
and SPACs, the Fund may invest in other equity securities, including common stocks, warrants, REITs, depositary receipts, and listed and
unlisted private equity funds or other private funds.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Common Stock</i>. Common stock represents a
unit of equity ownership of a corporation. Owners typically are entitled to vote on the selection of directors and other important corporate
governance matters, to receive dividend payments, if any, on their holdings. However, ownership of common stock does not entitle owners
to participate in the day-to-day operations of the corporation. Common stock of domestic and foreign public corporations can be listed,
and their shares traded, on domestic stock exchanges, such the NYSE or the NASDAQ Stock Market. Domestic and foreign corporations also
may have their shares traded on foreign exchanges, such as the London Stock Exchange or the Tokyo Stock Exchange. Common stock may be
privately placed or publicly offered. The price of common stock is generally determined by corporate earnings, type of products or services
offered, projected growth rates, experience of management, liquidity, and market conditions generally. In the event that a corporation
declares bankruptcy or is liquidated, the claims of secured and unsecured creditors and owners of bonds and preferred stock take precedence
over the claims of those who own common stock.</p>


<ix:exclude><!-- Field: Page; Sequence: 26; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Warrants</i>. Warrants are privileges issued
by corporations enabling the owners to subscribe to and purchase a specified number of shares of the corporation at a specified price
during a specified period of time. Subscription rights normally have a short life span to expiration. The purchase of warrants involves
the risk that the Fund could lose the purchase value of a right or warrant if the right to subscribe to additional shares is not exercised
prior to the warrants&#8217; expiration. Also, the purchase of warrants involves the risk that the effective price paid for the warrant
added to the subscription price of the related security may exceed the value of the subscribed security&#8217;s market price such as when
there is no movement in the level of the underlying security.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>REITs. </i>The Fund may invest in equity interests
and debt securities issued by REITs. REITs possess certain risks which differ from an investment in common stocks. REITs are financial
vehicles that pool investor&#8217;s capital to purchase or finance real estate. REITs may concentrate their investments in specific geographic
areas or in specific property types (i.e., hotels, shopping malls, residential complexes and office buildings). The market value of REIT
shares and the ability of REITs to distribute income may be adversely affected by several factors, including rising interest rates, changes
in the national, state and local economic climate and real estate conditions, perceptions of prospective tenants of the safety, convenience
and attractiveness of the properties, the ability of the owners to provide adequate management, maintenance and insurance, the cost of
complying with the Americans with Disabilities Act, increased competition from new properties, the impact of present or future environmental
legislation and compliance with environmental laws, changes in real estate taxes and other operating expenses, adverse changes in governmental
rules and fiscal policies, adverse changes in zoning laws and other factors beyond the control of the REIT issuers. In addition, distributions
received by the Fund from REITs may consist of dividends, capital gains and/or return of capital. As REITs generally pay a higher rate
of dividends (on a pre-tax basis) than operating companies, to the extent application of the Fund&#8217;s investment strategy results
in the Fund investing in REIT shares, the percentage of the Fund&#8217;s dividend income received from REIT shares will likely exceed
the percentage of the Fund&#8217;s portfolio which is comprised of REIT shares. There are three general categories of REITs: equity REITs,
mortgage REITs and hybrid REITs. Equity REITs invest primarily in direct fee ownership or leasehold ownership of real property; they derive
most of their income from rents. Mortgage REITs invest mostly in mortgages on real estate, which may secure construction, development
or long-term loans, and the main source of their income is mortgage interest payments. Hybrid REITs hold both ownership and mortgage interests
in real estate.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Depositary Receipts</i>. The Fund may invest
in sponsored and unsponsored American Depositary Receipts (&#8220;ADRs&#8221;), European Depositary Receipts (&#8220;EDRs&#8221;), Global
Depositary Receipts (&#8220;GDRs&#8221;) and other similar global instruments. ADRs typically are issued by a U.S. bank or trust company
and evidence ownership of underlying securities issued by a non-U.S. corporation. EDRs, which are sometimes referred to as Continental
Depositary Receipts, are receipts issued in Europe, typically by non-U.S. banks and trust companies, that evidence ownership of either
non-U.S. or domestic underlying securities. GDRs are depositary receipts structured like global debt issues to facilitate trading on an
international basis.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Private Equity Funds</i>. The Fund may invest
directly in private equity funds and listed private equity funds, which may include, among others, business development companies, investment
holding companies, publicly traded limited partnership interests (common units), publicly traded venture capital funds, publicly traded
venture capital trusts, publicly traded private equity funds, publicly traded private equity investment trusts, publicly traded closed-end
funds, publicly traded financial institutions that lend to or invest in privately held companies and any other publicly traded vehicle
whose purpose is to invest in privately held companies.</p>


<ix:exclude><!-- Field: Page; Sequence: 27; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in private equity funds and
listed private equity funds that emphasize making equity and equity-like (preferred stock, convertible stock and warrants) investments
in later stage to mature businesses, or may invest in other private equity funds making debt investments or investments in companies at
other stages of development. The Fund may also make these private equity investments directly. In addition, the Fund may invest in the
common stock of closed-end management investment companies, including business development companies that invest in securities of listed
private equity companies.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An investment in a private fund may be made in
the primary offering of such fund&#8217;s securities or acquired in the secondary market. Such investments may constitute &#8220;restricted
securities&#8221; within the meaning of Rule 144 promulgated under the Securities Act of 1933.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Adviser evaluates private funds based on the
depth of resources of management, consistency of investment process, prior investment performance, expenses, and purity of exposure to
an asset class using information contained in such private funds&#8217; marketing materials, including private placement memoranda, and
gained from the Adviser&#8217;s relationships with the management of such private funds. The Adviser aims to invest in private funds managed
by investment advisers who the Adviser believes have the ability to invest successfully in their respective strategy, geography, and/or
sector.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Foreign Investments and Emerging Markets</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Non-U.S. Securities. </i>The Fund may invest
without limit in securities of non-U.S. issuers (&#8220;Non-U.S. Securities&#8221;). These securities may be U.S. dollar-denominated or
non-U.S. dollar-denominated and include: (i) debt obligations issued or guaranteed by foreign national, provincial, state, municipal or
other governments with taxing authority or by their agencies or instrumentalities, including securities created through the exchange of
existing commercial bank loans to sovereign entities for new obligations in connection with debt restructurings, commonly referred to
as &#8220;Brady Bonds;&#8221; (ii) debt obligations of supranational entities; (iii) debt obligations and other debt securities of foreign
corporate issuers; (iv) fixed income securities issued by corporations that generate significant profits from non-U.S. countries; and
(v) structured securities, including but not limited to, warrants, options and other derivatives, whose price is directly linked to Non-U.S.
Securities or indices of Non-U.S. Securities. Some Non-U.S. Securities may be less liquid and more volatile than securities of comparable
U.S. issuers. Similarly, there is less volume and liquidity in most foreign securities markets than in the United States and, at times,
greater price volatility than in the United States. Because evidence of ownership of such securities usually is held outside the United
States, the Fund will be subject to additional risks if it invests in Non-U.S. Securities, which include adverse political and economic
developments, seizure or nationalization of foreign deposits and adoption of governmental restrictions which might adversely affect or
restrict the payment of principal and interest or dividends on the foreign securities to investors located outside the country of the
issuer, whether from currency blockage or otherwise. Non-U.S. Securities may trade on days when the common shares are not priced or traded.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Emerging Markets Investments. </i>The Fund
may invest without limitation in securities of issuers located in emerging market countries, including securities denominated in currencies
of emerging market countries. Emerging market countries generally include every nation in the world (including countries that may be considered
&#8220;frontier&#8221; markets) except the United States, Canada, Japan, Australia, New Zealand and most countries located in Western
Europe. There is no minimum rating criteria for the Fund&#8217;s investments in such securities. These issuers may be subject to risks
that do not apply to issuers in larger, more developed countries. These risks are more pronounced to the extent the Fund invests significantly
in one country. Less information about emerging market issuers or markets may be available due to less rigorous disclosure and accounting
standards or regulatory practices. Emerging markets are smaller, less liquid and more volatile than U.S. markets. In a changing market,
the Adviser may not be able to sell the Fund&#8217;s portfolio securities in amounts and at prices they consider reasonable. The U.S.
dollar may appreciate against non-U.S. currencies or an emerging market government may impose restrictions on currency conversion or trading.
The economies of emerging market countries may grow at a slower rate than expected or may experience a downturn or recession. Economic,
political and social developments may adversely affect emerging market countries and their securities markets.</p>


<ix:exclude><!-- Field: Page; Sequence: 28; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Foreign Currency Transactions.</i> The Fund&#8217;s
common shares are priced in U.S. dollars and the distributions paid by the Fund to common shareholders are paid in U.S. dollars. However,
a portion of the Fund&#8217;s assets may be denominated in non-U.S. currencies and the income received by the Fund from such securities
will be paid in non-U.S. currencies. The Fund also may invest in or gain exposure to non-U.S. currencies for investment or hedging purposes.
The Fund&#8217;s investments in securities that trade in, or receive revenues in, non-U.S. currencies will be subject to currency risk,
which is the risk that fluctuations in the exchange rates between the U.S. dollar and foreign currencies may negatively affect an investment.
The Fund may (but is not required to) hedge some or all of its exposure to non-U.S. currencies through the use of derivative strategies,
including forward foreign currency exchange contracts, foreign currency futures contracts and options on foreign currencies and foreign
currency futures. Suitable hedging transactions may not be available in all circumstances and there can be no assurance that the Fund
will engage in such transactions at any given time or from time to time when they would be beneficial. Although the Fund has the flexibility
to engage in such transactions, the Adviser may determine not to do so or to do so only in unusual circumstances or market conditions.
These transactions may not be successful and may eliminate any chance for the Fund to benefit from favorable fluctuations in relevant
foreign currencies. The Fund may also use derivatives contracts for purposes of increasing exposure to a foreign currency or to shift
exposure to foreign currency fluctuations from one currency to another.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Other Investment Companies </i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to investments in closed-end funds,
the Fund may invest in securities of other investment companies (including exchange-traded funds, business development companies and money
market funds, including other investment companies managed by the Adviser or its affiliates), subject to applicable regulatory limits,
that invest primarily securities of the types in which the Fund may invest directly. As a shareholder in an investment company, the Fund
will bear its ratable share of that investment company&#8217;s expenses and will remain subject to payment of the Fund&#8217;s advisory
and other fees and expenses with respect to assets so invested. Holders of common shares will therefore be subject to duplicative expenses
to the extent the Fund invests in other investment companies (except that it will not be subject to duplicate advisory fees with respect
to other investment companies managed by the Adviser or its affiliates). The Adviser will take expenses into account when evaluating the
investment merits of an investment in an investment company relative to available equity and/or fixed-income securities investments. In
addition, the securities of other investment companies may be leveraged and will therefore be subject to the same leverage risks to which
the Fund may be subject to the extent it employs a leverage strategy. Additionally, the Fund may invest in other investment companies
that have exposure to cryptocurrency.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Private Funds</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in private funds that pursue
private credit, real estate, reinsurance, fixed income or equity strategies without preference to any sector in which such private funds
may invest. Additionally, the Fund may invest in private funds that have exposure to cryptocurrency. An investment in a private fund may
be made in the primary offering of such fund&#8217;s securities or acquired in the secondary market. Such investments may constitute &#8220;restricted
securities&#8221; within the meaning of&#160;Rule 144&#160;promulgated under the&#160;Securities Act of 1933.</p>


<ix:exclude><!-- Field: Page; Sequence: 29; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Adviser evaluates private funds based on the
depth of resources of management, consistency of investment process, prior investment performance, expenses, and purity of exposure to
an asset class using information contained in such private funds&#8217; marketing materials, including private placement memoranda, and
gained from the Adviser&#8217;s relationships with the management of such private funds. The Adviser aims to invest in private funds managed
by investment advisers who the Adviser believes have the ability to invest successfully in their respective strategy, geography, and/or
sector.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Other Investments/Techniques </i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Short-Term Debt Securities; Temporary Defensive
Positions; Invest-Up Period.</i> During temporary defensive periods (e.g., times when, in the Adviser&#8217;s opinion, temporary imbalances
of supply and demand or other temporary dislocations in the market adversely affect the price at which fixed income securities are available,
or in connection with the termination of the Fund) and in order to keep cash on hand fully invested, including the period during which
the net proceeds of this offering of common shares (or preferred shares, should the Fund determine to issue preferred shares in the future)
are being invested, the Fund may invest any percentage of its assets in liquid, short-term investments including high quality, short-term
securities and securities of other open- or closed-end investment companies that invest primarily in securities of the type in which the
Fund may invest directly. The Adviser&#8217;s determination that they are temporarily unable to follow the Fund&#8217;s investment strategy
or that it is impractical to do so will generally occur only in situations in which a market disruption event has occurred and where trading
in the securities selected through application of the Fund&#8217;s investment strategy is extremely limited or absent or in connection
with the termination of the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Short Sales. </i>The Fund may make short sales
of securities. A short sale is a transaction in which the Fund sells a security it does not own in anticipation that the market price
of that security will decline. The Fund may make short sales to hedge positions, for duration and risk management, in order to maintain
portfolio flexibility or to enhance income or gain. When the Fund makes a short sale, it must borrow the security sold short and deliver
it to the broker-dealer through which it made the short sale as collateral for its obligation to deliver the security upon conclusion
of the sale. The Fund may have to pay a fee to borrow particular securities and is often obligated to pay over any payments received on
such borrowed securities. The Fund&#8217;s obligation to replace the borrowed security will be secured by collateral deposited with the
broker-dealer, usually cash, U.S. Government securities or other liquid securities. Depending on arrangements made with the broker-dealer
from which it borrowed the security regarding payment over of any payments received by the Fund on such security, the Fund may not receive
any payments (including interest) on its collateral deposited with such broker-dealer. If the price of the security sold short increases
between the time of the short sale and the time the Fund replaces the borrowed security, the Fund will incur a loss; conversely, if the
price declines, the Fund will realize a gain. Any gain will be decreased, and any loss increased, by the transaction costs described above.
Although the Fund&#8217;s gain is limited to the price at which it sold the security short, its potential loss is theoretically unlimited.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Derivatives. </i>The derivative instruments
(both exchange-traded and over-the-counter instruments) in which the Fund may invest include forwards (such as forward foreign currency
contracts, and forward interest rate agreements), futures (such as currency, equity, fixed income/debt (including interest rate), and
index futures), options (including options on swaps (commonly known as swaptions), options on futures, options on indices, writing (selling)
calls against positions in the portfolio (covered calls) or writing (selling) puts), structured investments (such as equity-linked notes),
and swaps (such as total return, credit default, credit default index, fixed income/debt (including interest rate swaps), and swaps on
index futures). The Fund typically will not gain investment exposure to the commodities markets directly, but may do so indirectly through
investment in one or more subsidiaries. The Fund may invest in derivatives for both hedging and non-hedging purposes, including, for example,
seeking to enhance returns or as a substitute for a position in an underlying asset, instrument, or other reference, to increase market
exposure and investment flexibility, or to obtain or reduce particular exposures.</p>


<ix:exclude><!-- Field: Page; Sequence: 30; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>When-Issued, Delayed Delivery Securities and
Forward Commitment Securities.</i>&#8195;The Fund may purchase securities on a &#8220;when-issued&#8221; basis and may purchase or sell
securities on a &#8220;forward commitment&#8221; basis (including on a &#8220;TBA&#8221; (to be announced) basis) or on a &#8220;delayed
delivery&#8221; basis. When such transactions are negotiated, the price, which is generally expressed in yield terms, is fixed at the
time the commitment is made, but delivery and payment for the securities take place at a later date. When-issued securities and forward
commitments may be sold prior to the settlement date. If the Fund disposes of the right to acquire a when-issued security prior to its
acquisition or disposes of its right to deliver or receive against a forward commitment, it might incur a gain or loss. Pursuant to recommendations
of the Treasury Market Practices Group, which is sponsored by the Federal Reserve Board of New York, the Fund or its counterparty generally
is required to post collateral when entering into certain forward-settling transactions, including without limitation TBA transactions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The market value of the securities underlying
a commitment to purchase securities, and any subsequent fluctuations in their market value, is taken into account when determining the
NAV of the Fund starting on the day the Fund agrees to purchase the securities. The Fund does not earn interest on the securities it has
committed to purchase until they are paid for and delivered on the settlement date.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Rule 18f-4 under the Investment Company Act permits
the Fund to enter into when-issued or forward-settling securities (e.g., firm and standby commitments, including TBA commitments, and
dollar rolls) and non-standard settlement cycle securities notwithstanding the limitation on the issuance of senior securities in Section
18 of the Investment Company Act, provided that the Fund intends to physically settle the transaction and the transaction will settle
within 35 days of its trade date (the &#8220;Delayed-Settlement Securities Provision&#8221;). If a when-issued, forward-settling or non-standard
settlement cycle security does not satisfy the Delayed-Settlement Securities Provision, then it is treated as a derivatives transaction
under Rule 18f-4.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Restricted and Illiquid Investments. </i>The
Fund may invest without limitation in illiquid or less liquid investments or investments in which no secondary market is readily available
or which are otherwise illiquid, including private placement securities. Liquidity of an investment relates to the ability to dispose
easily of the investment and the price to be obtained upon disposition of the investment, which may be less than would be obtained for
a comparable more liquid investment. &#8220;Illiquid investments&#8221; are investments which cannot be sold within seven days in the
ordinary course of business at approximately the value used by the Fund in determining its NAV. Illiquid investments may trade at a discount
from comparable, more liquid investments. Illiquid investments are subject to legal or contractual restrictions on disposition or lack
an established secondary trading market.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">LEVERAGE</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund uses leverage through directly borrowing
from banks. The Fund has entered into a $125 million Facility with TD Bank effective on July 20, 2021, which matures on January 20, 2026.
As of April 30, 2025, the Fund had $45 million outstanding drawn under the Facility. The use of leverage may also take the form of, without
limitation, any of the various financial instruments described herein, including derivative instruments which are inherently leveraged
and trading in products with embedded leverage such as options, short sales, swaps and forwards. The instruments and borrowings utilized
by the Fund to leverage investments may be collateralized by the Fund&#8217;s portfolio, respectively.</p>


<ix:exclude><!-- Field: Page; Sequence: 31; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The use of leverage will magnify the volatility
of changes in the value of the investments of the Fund. Accordingly, any event which adversely affects the value of an investment would
be magnified to the extent the investment is leveraged. The cumulative effect of the use of leverage by the Fund in a market that moves
adversely to its investments could result in substantial losses to the Fund, which would be greater than if the Fund was not leveraged.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While leverage increases the buying power of the
Fund and presents opportunities for increasing total returns, it has the effect of potentially increasing losses as well. For example,
funds borrowed for leveraging will be subject to interest, transaction and other costs, and other types of leverage also involve transaction
and other costs. Any such costs may or may not be recovered by the return on the Fund&#8217;s portfolio. Leverage would increase the investment
return of the Fund if an investment purchased with or utilizing leverage earns a greater return than the cost to the Fund of such leverage.
The use of leverage will decrease the investment return if the Fund fails to recover the cost of such leverage.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain types of leverage the Fund may use may
result in the Fund being subject to covenants relating to asset coverage and portfolio composition requirements. The Fund may be subject
to certain restrictions on investments imposed by one or more lenders or by guidelines of one or more rating agencies, which may issue
ratings for any short-term debt securities or preferred shares issued by the Fund. The terms of any borrowings or rating agency guidelines
may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the Investment Company Act.
The Adviser does not believe that these covenants or guidelines will impede it from managing the Fund&#8217;s portfolio in accordance
with its investment objectives and policies if the Fund were to utilize leverage.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the Investment Company Act, the Fund is
not permitted to issue senior securities if, immediately after the issuance of such senior securities, the Fund would have an asset coverage
ratio (as defined in the Investment Company Act) of less than 300% with respect to senior securities representing indebtedness (i.e.,
for every dollar of indebtedness outstanding, the Fund is required to have at least three dollars of assets) or less than 200% with respect
to senior securities representing preferred shares (i.e., for every dollar of preferred shares outstanding, the Fund is required to have
at least two dollars of assets). The Investment Company Act also provides that the Fund may not declare distributions or purchase its
shares (including through tender offers) if, immediately after doing so, it will have an asset coverage ratio of less than 300% or 200%,
as applicable. Under the Investment Company Act, certain short-term borrowings (such as for cash management purposes) are not subject
to these limitations if (i) repaid within 60 days, (ii) not extended or renewed and (iii) not in excess of 5% of the total assets of the
Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit Facility</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund has entered into a $125 million Facility
with TD Bank effective on July 20, 2021, which matures on January 20, 2026. As of April 30, 2025, the Fund had $45 million outstanding
drawn under the Facility. The Facility provides a source of leverage and is collateralized by assets of the Fund. The Fund is required
to prepay outstanding amounts under this Facility or may incur a penalty rate of interest upon the occurrence of certain events of default.
The Fund is typically required to indemnify the lenders under the Facility against liabilities they may incur in connection therewith.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the Facility contains covenants that,
among other things, limit the Fund's ability to pay distributions in certain circumstances, incur additional debt, change certain of its
investment policies, and engage in certain transactions, including mergers and consolidations. The Facility also requires asset coverage
ratios in addition to those required by the Investment Company Act. The Fund is required to pledge its assets and to maintain a portion
of its assets in cash or high-grade securities as a reserve against interest or principal payments and expenses. The Facility has customary
covenant, negative covenant, and default provisions.</p>


<ix:exclude><!-- Field: Page; Sequence: 32; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The terms and conditions of the Facility may be
subject to change upon renewal or refinancing, and there is no assurance that it will be replaced or refinanced on terms and conditions
representative of the foregoing, or that additional material terms will not apply. The Facility may in the future be replaced or refinanced
by one or more credit facilities having substantially different terms or by the issuance of preferred shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Preferred Shares</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is permitted to leverage its portfolio
by issuing preferred shares. Under the Investment Company Act, the Fund is not permitted to issue preferred shares if, immediately after
such issuance, the liquidation value of the Fund&#8217;s outstanding preferred shares exceeds 50% of its assets (including the proceeds
from the issuance) less liabilities other than borrowings (i.e., the value of the Fund&#8217;s assets must be at least 200% of the liquidation
value of its outstanding preferred shares). In addition, the Fund would not be permitted to declare any cash dividend or other distribution
on its common shares unless, at the time of such declaration, the value of the Fund&#8217;s assets less liabilities other than borrowings
is at least 200% of such liquidation value.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund expects that preferred shares, if issued,
will pay adjustable rate dividends based on shorter-term interest rates, which would be redetermined periodically by a fixed spread or
remarketing process, subject to a maximum rate which would increase over time in the event of an extended period of unsuccessful remarketing.
The adjustment period for preferred share dividends could be as short as one day or as long as a year or more. Preferred shares, if issued,
could include a liquidity feature that allows holders of preferred shares to have their shares purchased by a liquidity provider in the
event that sell orders have not been matched with purchase orders and successfully settled in a remarketing. The Fund expects that it
would pay a fee to the provider of this liquidity feature, which would be borne by common shareholders of the Fund. The terms of such
liquidity feature could require the Fund to redeem preferred shares still owned by the liquidity provider following a certain period of
continuous, unsuccessful remarketing, which may adversely impact the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If preferred shares are issued, the Fund may,
to the extent possible, purchase or redeem preferred shares from time to time to the extent necessary in order to maintain asset coverage
of any preferred shares of at least 200%. In addition, as a condition to obtaining ratings on the preferred shares, the terms of any preferred
shares issued are expected to include asset coverage maintenance provisions which will require the redemption of the preferred shares
in the event of non-compliance by the Fund and may also prohibit dividends and other distributions on the common shares in such circumstances.
In order to meet redemption requirements, the Fund may have to liquidate portfolio securities. Such liquidations and redemptions would
cause the Fund to incur related transaction costs and could result in capital losses to the Fund. Prohibitions on dividends and other
distributions on the common shares could impair the Fund&#8217;s ability to qualify as a regulated investment company (&#8220;RIC&#8221;)
under the Code.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the Fund issues preferred shares, the Fund
expects that it will be subject to certain restrictions imposed by guidelines of one or more rating agencies that may issue ratings for
preferred shares issued by the Fund. These guidelines are expected to impose asset coverage or portfolio composition requirements that
are more stringent than those imposed on the Fund by the Investment Company Act. It is not anticipated that these covenants or guidelines
would impede the Adviser from managing the Fund&#8217;s portfolio in accordance with the Fund&#8217;s investment objectives and policies.</p>


<ix:exclude><!-- Field: Page; Sequence: 33; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivatives</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may enter into derivative transactions
that have leverage embedded in them. Derivative transactions that the Fund may enter into and the risks associated with them are described
elsewhere in this Prospectus. The Fund cannot assure you that investments in derivative transactions that have leverage embedded in them
will result in a higher return on its common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under Rule 18f-4 under the Investment Company
Act, among other things, the Fund must either use derivatives in a limited manner or comply with an outer limit on fund leverage risk
based on value-at-risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Disposition of Investments</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From a fundamental perspective, an investment
may be sold if the investment does not meet original performance expectations or if the investment thesis no longer applies because of
changes in the underlying fundamentals of the investment, business or industry. Investments also may be sold if a price or value target
is achieved or if credit deterioration occurs. In addition, from a relative value perspective, the Adviser may decide to sell an investment
if it believes there are better risk/reward opportunities available or there is a risk of default or loss of principal.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Temporary Borrowings</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may also borrow money as a temporary
measure for extraordinary or emergency purposes, including the payment of dividends and the settlement of securities transactions which
otherwise might require untimely dispositions of Fund securities.</p>

</ix:nonNumeric><p id="xdx_A91_ztO1J0STj5u" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<ix:nonNumeric contextRef="AsOf2025-07-03" escape="true" id="Fact000142" name="cef:RiskFactorsTableTextBlock"><p id="xdx_A80_ecef--RiskFactorsTableTextBlock_zFFry4a5tz2b" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">RISKS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An investment in the Fund involves risks, including
closed-end structure risk, market risk, issuer risk, interest rate risk, and credit risk, among others. Descriptions of these and other
risks of investing in the Fund are provided below (in alphabetical order). <i>There is no assurance that the Fund will achieve its investment
objectives and you may lose money</i>. The value of the Fund&#8217;s holdings may decline, and the Fund&#8217;s NAV and share price may
go down. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency. The significance of any specific risk to an investment in the Fund will vary over time depending on the
composition of the Fund&#8217;s portfolio, market conditions, and other factors. You should read all of the risk information below carefully,
because any one or more of these risk may result in losses to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_983_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ActiveManagementRiskMember_zb7DPmLgKal2"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_ActiveManagementRiskMember" escape="true" id="Fact000143" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Active Management Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is actively managed and its performance
therefore will reflect, in part, the ability of the portfolio managers to make investment decisions that seek to achieve the Fund&#8217;s
investment objective. Due to its active management, the Fund could underperform its benchmark index and/or other funds with similar investment
objectives and/or strategies.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 34; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_985_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ActivistStrategiesRiskMember_zJZS20jLF82d"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_ActivistStrategiesRiskMember" escape="true" id="Fact000144" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Activist Strategies Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may purchase securities of a company
that is the subject of a proxy contest or which activist investors, which could include the Fund and other accounts/funds affiliated with
the Adviser, are attempting to influence, in the expectation that new management or a change in business strategies will cause the price
of the company&#8217;s securities to increase. If the proxy contest, or the new management, is not successful, the market price of the
company&#8217;s securities will typically fall.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, where an acquisition or restructuring
transaction or proxy fight is opposed by the subject company&#8217;s management, the transaction often becomes the subject of litigation.
Such litigation involves substantial uncertainties and may impose substantial cost and expense on the Fund.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98E_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--BankLoansRiskMember_zQO1zVII3zxb"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_BankLoansRiskMember" escape="true" id="Fact000145" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Bank Loans Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund's investment program may include investments
in of bank loans and participations. These obligations are subject to unique risks, including: (i) the possible invalidation of an investment
transaction as a fraudulent conveyance under relevant creditors' rights laws; (ii) so-called lender-liability claims by the issuer of
the obligations; (iii) environmental liabilities that may arise with respect to collateral securing the obligations; and (iv) limitations
on the ability of the Fund to directly enforce its rights with respect to participations. In analyzing each bank loan or participation,
the Adviser attempts to compare the relative significance of the risks against the expected benefits of the investment. Successful claims
by third parties arising from these and other risks will be borne by the Fund. As secondary market trading volumes increase, new loans
are frequently adopting standardized documentation to facilitate loan trading, which may improve market liquidity. There can be no assurance,
however, that future levels of supply and demand in loan trading will provide an adequate degree of liquidity or that the current level
of liquidity will continue. Because of the provision to holders of such loans of confidential information relating to the borrower, the
unique and customized nature of the loan agreement, and the private syndication of the loan, loans are not as easily purchased or sold
as a publicly traded security, and historically the trading volume in the loan market has been small relative to the high-yield debt market.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CatastropheBondsRiskMember_zXmqS5mGipdf"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CatastropheBondsRiskMember" escape="true" id="Fact000146" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Catastrophe Bonds Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Event-linked or catastrophe bonds carry material
uncertainties and risk exposures to adverse conditions. If a trigger event, as defined within the terms of the bond, involves losses or
other metrics exceeding a specific magnitude in the geographic region and time period specified therein, the Fund may lose a portion or
all of its investment in such security, including accrued interest and/or principal invested in such security. Because catastrophe bonds
cover &#8220;catastrophic&#8221; events that, if they occur, will result in significant losses, catastrophe bonds carry a high degree
of risk of loss and are considered &#8220;high yield&#8221; or &#8220;junk bonds.&#8221; The rating, if any, primarily reflects the rating
agency&#8217;s calculated probability that a predefined trigger event will occur. Thus, lower-rated bonds have a greater likelihood of
a triggering event occurring and loss to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Catastrophe bonds are also subject to extension
risk. The sponsor of such an investment might have the right to extend the maturity of the bond or note to verify that the trigger event
did occur or to process and audit insurance claims. The typical duration of mandatory and optional extensions of maturity for reinsurance-related
securities currently is between three months to two years. In certain circumstances, the extension may exceed two years. An extension
to verify the potential occurrence of a trigger event will reduce the value of the bond or note due to the uncertainty of the occurrence
of the trigger event and will hinder the Fund&#8217;s ability to sell the bond or note. Even if it is determined that the trigger event
did not occur, such an extension will delay the Fund&#8217;s receipt of the bond&#8217;s or note&#8217;s principal and prevent the reinvestment
of such proceeds in other, potentially higher yielding securities.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 35; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ClosedEndFundStructureRiskMember_zmYrkh8WjN35"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_ClosedEndFundStructureRiskMember" escape="true" id="Fact000147" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Closed-End Fund Structure Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unlike open-end funds, closed-end funds like the
Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy additional common
shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise. Because the market
value of the common shares may be influenced by such factors as dividend levels (which are in turn affected by expenses), call protection
on its portfolio securities, dividend stability, portfolio credit quality, the Fund&#8217;s NAV, relative demand for and supply of such
shares in the market, general market and economic conditions and other factors beyond the control of the Fund, the Fund cannot assure
you that its common shares will trade at a price equal to or higher than NAV in the future. The common shares are designed primarily for
long-term investors and you should not purchase the common shares if you intend to sell them soon after purchase.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CoInvestmentRestrictionsMember_zKrB6CTY5JWe"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CoInvestmentRestrictionsMember" escape="true" id="Fact000148" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Co-investment Restrictions</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is prohibited under the Investment Company
Act from participating in certain transactions with its affiliates without the prior approval of the SEC. Any person that owns, directly
or indirectly, 5% or more of the Fund&#8217;s outstanding voting securities will be its affiliate for purposes of the Investment Company
Act and the Fund will generally be prohibited from buying or selling any securities from or to such affiliate. The Investment Company
Act also prohibits certain &#8220;joint&#8221; transactions with certain of the Fund&#8217;s affiliates, which could include investments
in the same portfolio company (whether at the same or different times), without prior approval of the SEC. If a person acquires more than
25% of the Fund&#8217;s voting securities, the Fund will be prohibited from buying or selling any security from or to such person or certain
of that person&#8217;s affiliates, or entering into prohibited joint transactions with such persons, absent the prior approval of the
SEC. Similar restrictions limit the Fund&#8217;s ability to transact business with the Fund&#8217;s officers or Trustees or its affiliates.
As a result of these restrictions, the Fund may be prohibited from buying or selling any security from or to any portfolio company of
an investment fund managed by the Adviser or its affiliates without the prior approval of the SEC, which may limit the scope of investment
opportunities that would otherwise be available to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Adviser has applied for an exemptive order
from the SEC (the &#8220;Order&#8221;) that would grant the funds managed by the Adviser or certain affiliates, the ability to fully negotiate
terms of co-investment transactions with other funds managed by the Adviser or certain affiliates, subject to the conditions included
therein. There is no assurance that the Adviser will receive the Order on a timely basis or at all. Until the Adviser receives the Order,
the Fund will not be permitted to participate in certain investments with the Adviser&#8217;s other funds or its affiliates. Even if the
Order is granted, in certain situations, such as when there is an opportunity to invest in different securities of the same issuer, the
personnel of the Adviser or its affiliates will need to decide which client will proceed with the investment. Such personnel will make
these determinations based on policies and procedures, which are designed to reasonably ensure that investment opportunities are allocated
fairly and equitably among affiliated funds over time and in a manner that is consistent with applicable laws, rules and regulations.
When the Fund participates in a co-investment transaction, the personnel of the Adviser allocates a portion of the investment to the Fund
based on the Fund&#8217;s investment objective and strategies, investment policies, investment positions, capital available for investment,
and other pertinent factors. Any co-investment is made on equal footing with the funds managed by the Adviser or its affiliates, including
identical terms, conditions, price, class of securities purchased, timing, and registration rights. To the extent the Fund is able to
make co-investments with the Adviser&#8217;s affiliates, these co-investment transactions may give rise to conflicts of interest or perceived
conflicts of interest among the Fund and the other participating accounts. Moreover, except in certain circumstances, when relying on
the Order, the Fund is unable to invest in any issuer in which one or more funds managed by the Adviser or its affiliates has previously
invested.</p>


<ix:exclude><!-- Field: Page; Sequence: 36; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may also invest alongside the Adviser&#8217;s
and its affiliates&#8217; other clients, including other entities they manage, which are referred to as affiliates&#8217; other clients,
in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations and guidance as well as the Adviser&#8217;s
allocation policies. However, the Fund can offer no assurance that investment opportunities will be allocated to it fairly or equitably
in the short-term or over time.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In situations where co-investment with affiliates&#8217;
other clients is not permitted under the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;) and related rules, existing
or future staff guidance, or the terms and conditions of any exemptive relief granted to the Fund by the SEC, the Adviser will need to
decide which client or clients will proceed with the investment. Generally, the Fund will not have an entitlement to make a co-investment
in these circumstances and, to the extent that another client elects to proceed with the investment, the Fund will not be permitted to
participate. Moreover, except in certain circumstances, the Fund is unable to invest in any issuer in which an affiliates&#8217; other
client holds a controlling interest. These restrictions may limit the scope of investment opportunities that would otherwise be available
to the Fund.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98A_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ConvertibleSecuritiesRiskMember_z0MbnNXj8gVd"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_ConvertibleSecuritiesRiskMember" escape="true" id="Fact000149" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Convertible Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Convertible securities are subject to the usual
risks associated with debt instruments, such as interest rate risk (the risk of losses attributable to changes in interest rates) and
credit risk (the risk that the issuer of a debt instrument will default or otherwise become unable, or be perceived to be unable or unwilling,
to honor a financial obligation, such as making payments to the Fund when due). Convertible securities also react to changes in the value
of the common stock into which they convert, and are thus subject to market risk (the risk that the market values of securities or other
investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise). Because the value of a convertible security
can be influenced by both interest rates and the common stock's market movements, a convertible security generally is not as sensitive
to interest rates as a similar debt instrument, and generally will not vary in value in response to other factors to the same extent as
the underlying common stock. In the event of a liquidation of the issuing company, holders of convertible securities would typically be
paid before the company's common stockholders but after holders of any senior debt obligations of the company. The Fund may be forced
to convert a convertible security before it otherwise would choose to do so, which may decrease the Fund's return.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98E_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CorporateBondsRiskMember_znUdRzqEAd5c"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CorporateBondsRiskMember" escape="true" id="Fact000150" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Corporate Bonds Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The market value of a corporate bond generally
may be expected to rise and fall inversely with interest rates. The market value of intermediate and longer-term corporate bonds is generally
more sensitive to changes in interest rates than is the market value of shorter-term corporate bonds. The market value of a corporate
bond also may be affected by factors directly related to the issuer, such as investors&#8217; perceptions of the creditworthiness of the
issuer, the issuer&#8217;s financial performance, perceptions of the issuer in the market place, performance of management of the issuer,
the issuer&#8217;s capital structure and use of financial leverage and demand for the issuer&#8217;s goods and services. There is a risk
that the issuers of corporate bonds may not be able to meet their obligations on interest or principal payments at the time called for
by an instrument. Corporate bonds of below investment grade quality are often high risk and have speculative characteristics and may be
particularly susceptible to adverse issuer-specific developments.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 37; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CounterpartyRiskMember_zUczR2YitKM7"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CounterpartyRiskMember" escape="true" id="Fact000151" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Counterparty Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The risk exists that a counterparty to a transaction
in a financial instrument held by the Fund or by a special purpose or structured vehicle in which the Fund invests may become insolvent
or otherwise fail to perform its obligations, including making payments to the Fund, due to financial difficulties. The Fund may obtain
no or limited recovery in a bankruptcy or other reorganizational proceedings, and any recovery may be significantly delayed. Transactions
that the Fund enters into may involve counterparties in the financials sector and, as a result, events affecting the financials sector
may cause the Fund&#8217;s NAV to fluctuate.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CreditDefaultSwapsRiskMember_zsQLchIe32Pj"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CreditDefaultSwapsRiskMember" escape="true" id="Fact000152" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Credit Default Swaps Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in credit default swaps. A
credit default swap is a contract between two parties which transfers the risk of loss if a company fails to pay principal or interest
on time or files for bankruptcy. In essence, an institution which owns corporate debt instruments can purchase a limited form of default
protection by entering into a credit default swap with another bank, broker-dealer or financial intermediary. Upon an event of default,
the swap may be terminated in one of two ways: (i) by the purchaser of credit protection delivering the referenced instrument to the swap
counterparty and receiving a payment of par value, or (ii) by the parties pairing off payments, with the purchaser of the protection receiving
a payment equal to the par value of the reference security less the price at which the reference security trades subsequent to default.
The first way is the more common form of credit default swap termination.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the manner described above, credit default
swaps can be used to hedge a portion of the default risk on a single corporate bond or a portfolio of bonds. Credit default swaps can
be used to implement the Adviser&#8217;s view that a particular credit, or group of credits, will experience credit improvement. In the
case of expected credit improvement, the Fund may sell credit default protection in which it receives a premium to take on the risk. In
such an instance, the obligation of the Fund to make payments upon the occurrence of a credit event creates leveraged exposure to the
credit risk of the referenced entity. The Fund may also &#8220;purchase&#8221; credit default protection even in the case in which it
does not own the referenced instrument if, in the judgment of the Adviser, there is a high likelihood of credit deterioration.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit default swap agreements involve greater
risks than if the Fund had taken a position in the reference obligation directly (either by purchasing or selling) since, in addition
to general market risks, credit default swaps are subject to illiquidity risk, counterparty risk and credit risks. A buyer generally will
also lose its upfront payment or any periodic payments it makes to the seller counterparty and receive no payments from its counterparty
should no credit event occur and the swap is held to its termination date. If a credit event were to occur, the value of any deliverable
obligation received by the seller, coupled with the upfront or periodic payments previously received, may be less than the full notional
amount it pays to the buyer, resulting in a loss of value to the seller. A seller of a credit default swap or similar instrument is exposed
to many of the same risks of leverage since, if a credit event occurs, the seller generally will be required to pay the buyer the full
notional amount of the contract net of any amounts owed by the buyer related to its delivery of deliverable obligations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the credit derivatives market is
subject to a changing regulatory environment. It is possible that regulatory or other developments in the credit derivatives market could
adversely affect the Fund&#8217;s ability to successfully use credit derivatives.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 38; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CreditRisksMember_zL4QMvyeWALk"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CreditRisksMember" escape="true" id="Fact000153" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Credit Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit risk is the risk that the value of debt
instruments may decline if the issuer thereof defaults or otherwise becomes unable or unwilling, or is perceived to be unable or unwilling,
to honor its financial obligations, such as making payments to the Fund when due. Various factors could affect the actual or perceived
willingness or ability of the issuer to make timely interest or principal payments, including changes in the financial condition of the
issuer or in general economic conditions. Credit rating agencies assign credit ratings to certain debt instruments to indicate their credit
risk. A rating downgrade by such agencies can negatively impact the value of such instruments. Lower quality or unrated instruments held
by the Fund may present increased credit risk as compared to higher-rated instruments. Non-investment grade debt instruments may be subject
to greater price fluctuations and are more likely to experience a default than investment grade debt instruments and therefore may expose
the Fund to increased credit risk. If the Fund purchases unrated instruments, or if the ratings of instruments held by the Fund are lowered
after purchase, the Fund will depend on analysis of credit risk more heavily than usual.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_985_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember_z5g5zYTJHow3"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" escape="true" id="Fact000154" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Risks Relating to Investments in Exchange Traded
Funds/Trusts that invest in cryptocurrencies or similar digital assets that utilize blockchain technology. </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Consistent with the Fund&#8217;s closed-end fund
investment approach, where the Fund seeks to capitalize on the difference between a closed-end fund&#8217;s aggregate asset value and
its net asset value, the Fund has and may in the future invest in exchange traded investment funds/trusts that invest in cryptocurrencies
or similar assets that utilize blockchain technology (such as, the Grayscale Bitcoin Trust) and the Fund may hedge such investments through
the use of other securities (including other exchange trade funds that own virtual currencies) and derivatives of virtual currencies,
in each case, to the extent permitted by, and in accordance with, any future law, regulation, guidance, or exemptive relief provided by
the SEC or its staff or other regulatory agency or body having jurisdiction. The Fund expects that any such investments are likely to
constitute only a small proportion of its portfolio.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CurrencyRiskMember_z5ZJa6eYc7nd"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CurrencyRiskMember" escape="true" id="Fact000155" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Currency Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund's investments that are denominated in
a foreign currency are subject to the risk that the value of a particular currency will change in relation to one or more other currencies.
Among the factors that may affect currency values are trade balances, the level of short-term interest rates, differences in relative
values of similar assets in different currencies, long-term opportunities for investment and capital appreciation and political developments.
The Adviser may try to hedge these risks by investing directly in foreign currencies, buying and selling forward foreign currency exchange
contracts and buying and selling options on foreign currencies, but there can be no assurance such strategies will be effective.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_986_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CybersecurityRiskMember_zfxsfjGSu1za"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_CybersecurityRiskMember" escape="true" id="Fact000156" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Cybersecurity Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of its business, the Adviser processes,
stores and transmits large amounts of electronic information, including information relating to the transactions of the Fund. Similarly,
service providers of the Adviser, the Fund, especially the administrator, may process, store and transmit such information. The Adviser
has procedures and systems in place that it believes are reasonably designed to protect such information and prevent data loss and security
breaches. However, such measures cannot provide absolute security. The techniques used to obtain unauthorized access to data, disable
or degrade service, or sabotage systems change frequently and may be difficult to detect for long periods of time. Hardware or software
acquired from third parties may contain defects in design or manufacture or other problems that could unexpectedly compromise information
security. Network connected services provided by third parties to the Adviser may be susceptible to compromise, leading to a breach of
the Adviser&#8217;s network. The Adviser&#8217;s systems or facilities may be susceptible to employee error or malfeasance, government
surveillance, or other security threats. On-line services that may be provided by the Adviser to the investors in the Fund may also be
susceptible to compromise. Breach of the Adviser&#8217;s information systems may cause information relating to the transactions of the
Fund to be lost or improperly accessed, used or disclosed.</p>


<ix:exclude><!-- Field: Page; Sequence: 39; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The service providers of the Adviser and the Fund
are subject to the same electronic information security threats as the Adviser. If a service provider fails to adopt or adhere to adequate
data security policies, or in the event of a breach of its networks, information relating to the transactions of the Fund and personally
identifiable information of investors in the Fund may be lost or improperly accessed, used or disclosed.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The loss or improper access, use or disclosure
of the Adviser&#8217;s or the Fund's proprietary information may cause the Adviser or the Fund to suffer, among other things, financial
loss, the disruption of its business, liability to third parties, regulatory intervention or reputational damage. Any of the foregoing
events could have a material adverse effect on the Fund.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_983_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DecisionMakingAuthorityRiskMember_zUQeUJ1ERrFk"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DecisionMakingAuthorityRiskMember" escape="true" id="Fact000157" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Decision-Making Authority Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investors have no authority to make decisions
or to exercise business discretion on behalf of the Fund, except as set forth in the Fund&#8217;s governing documents. The authority for
all such decisions is generally delegated to the Board, which in turn, has delegated the day-to-day management of the Fund&#8217;s investment
activities to the Adviser, subject to oversight by the Board.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DeflationRiskMember_zbao94VYhw11"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DeflationRiskMember" escape="true" id="Fact000158" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Deflation Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deflation risk is the risk that prices throughout
the economy decline over time, which may have an adverse effect on the market valuation of companies, their assets and their revenues.
In addition, deflation may have an adverse effect on the creditworthiness of issuers and may make issuer default more likely, which may
result in a decline in the value of the Fund&#8217;s portfolio.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98D_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DefensiveInvestingRiskMember_zVcnwON2KoVk"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DefensiveInvestingRiskMember" escape="true" id="Fact000159" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Defensive Investing Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For defensive purposes, the Fund may allocate
assets into cash or short-term fixed-income securities without limitation. In doing so, the Fund may succeed in avoiding losses but may
otherwise fail to achieve its investment objectives. Further, the value of short-term fixed-income securities may be affected by changing
interest rates and by changes in credit ratings of the investments. If the Fund holds cash uninvested it will be subject to the credit
risk of the depository institution holding the cash.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DepositaryReceiptsRiskMember_zjI4yZZogA4i"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DepositaryReceiptsRiskMember" escape="true" id="Fact000160" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Depositary Receipts Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Depositary receipts are receipts issued by a bank
or trust company reflecting ownership of underlying securities issued by foreign companies. Some foreign securities are traded in the
form of American Depositary Receipts (&#8220;ADRs&#8221;) and/or Global Depositary Receipts. Depositary receipts involve risks similar
to the risks associated with investments in foreign securities, including those associated with an issuer&#8217;s (and any of its related
companies&#8217;) country of organization and places of business operations, which may be related to the particular political, regulatory,
economic, social and other conditions or events (including, for example, military confrontations and actions, war, other conflicts, terrorism
and disease/virus outbreaks and epidemics) occurring in the country and fluctuations in such country&#8217;s currency, as well as market
risk tied to the underlying foreign company. In addition, holders of depositary receipts may have limited voting rights, may not have
the same rights afforded to stockholders of a typical domestic company in the event of a corporate action, such as an acquisition, merger
or rights offering, and may experience difficulty in receiving company stockholder communications. There is no guarantee that a financial
institution will continue to sponsor a depositary receipt, or that a depositary receipt will continue to trade on an exchange, either
of which could adversely affect the liquidity, availability and pricing of the depositary receipt. Changes in foreign currency exchange
rates will affect the value of depositary receipts and, therefore, may affect the value of your investment in the Fund. A potential conflict
of interest exists to the extent that the Fund invests in ADRs for which the Fund&#8217;s custodian serves as depository bank.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 40; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivatesRiskMember_zoq87xQgM1c"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DerivatesRiskMember" escape="true" id="Fact000161" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivates Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivatives may involve significant risks. Derivatives
are financial instruments, traded on an exchange or in the over-the-counter (OTC) markets, with a value in relation to, or derived from,
the value of an underlying asset(s) (such as a security, commodity or currency) or other reference, such as an index, rate or other economic
indicator (each an underlying reference). Derivatives may include those that are privately placed or otherwise exempt from SEC registration,
including certain Rule 144A eligible securities. Derivatives could result in Fund losses if the underlying reference does not perform
as anticipated. Use of derivatives is a highly specialized activity that can involve investment techniques, risks, and tax planning different
from those associated with more traditional investment instruments. The Fund&#8217;s derivatives strategy may not be successful and use
of certain derivatives could result in substantial, potentially unlimited, losses to the Fund regardless of the Fund&#8217;s actual investment.
A relatively small movement in the price, rate or other economic indicator associated with the underlying reference may result in substantial
loss for the Fund. Derivatives may be more volatile than other types of investments. Derivatives can increase the Fund&#8217;s risk exposure
to underlying references and their attendant risks, including the risk of an adverse credit event associated with the underlying reference
(credit risk), the risk of an adverse movement in the value, price or rate of the underlying reference (market risk), the risk of an adverse
movement in the value of underlying currencies (foreign currency risk) and the risk of an adverse movement in underlying interest rates
(interest rate risk).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivatives may expose the Fund to additional
risks, including the risk of loss due to a derivative position that is imperfectly correlated with the underlying reference it is intended
to hedge or replicate (correlation risk), the risk that a counterparty will fail to perform as agreed (counterparty risk), the risk that
a hedging strategy may fail to mitigate losses, and may offset gains (hedging risk), the risk that the return on an investment may not
keep pace with inflation (inflation risk), the risk that losses may be greater than the amount invested (leverage risk), the risk that
the Fund may be unable to sell an investment at an advantageous time or price (liquidity risk), the risk that the investment may be difficult
to value (pricing risk), and the risk that the price or value of the investment fluctuates significantly over short periods of time (volatility
risk). The value of derivatives may be influenced by a variety of factors, including national and international political and economic
developments. Potential changes to the regulation of the derivatives markets may make derivatives more costly, may limit the market for
derivatives, or may otherwise adversely affect the value or performance of derivatives.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivatesRiskFuturesContractsRiskMember_zDdvXUcrPv5a"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DerivatesRiskFuturesContractsRiskMember" escape="true" id="Fact000162" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivates Risk &#8211; Futures Contracts Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A futures contract is an exchange-traded derivative
transaction between two parties in which a buyer (holding the &#8220;long&#8221; position) agrees to pay a fixed price (or rate) at a
specified future date for delivery of an underlying reference from a seller (holding the &#8220;short&#8221; position). The seller hopes
that the market price on the delivery date is less than the agreed upon price, while the buyer hopes for the contrary. Certain futures
contract markets are highly volatile, and futures contracts may be illiquid. Futures exchanges may limit fluctuations in futures contract
prices by imposing a maximum permissible daily price movement. The Fund may be disadvantaged if it is prohibited from executing a trade
outside the daily permissible price movement. At or prior to maturity of a futures contract, the Fund may enter into an offsetting contract
and may incur a loss to the extent there has been adverse movement in futures contract prices. The liquidity of the futures markets depends
on participants entering into offsetting transactions rather than making or taking delivery. To the extent participants make or take delivery,
liquidity in the futures market could be reduced. Positions in futures contracts may be closed out only on the exchange on which they
were entered into or through a linked exchange, and no secondary market exists for such contracts. Futures positions are marked to market
each day and variation margin payment must be paid to or by the Fund. Because of the low margin deposits normally required in futures
trading, it is possible that the Fund may employ a high degree of leverage in the portfolio. As a result, a relatively small price movement
in a futures contract may result in substantial losses to the Fund, exceeding the amount of the margin paid. For certain types of futures
contracts, losses are potentially unlimited. Futures markets are highly volatile and the use of futures may increase the volatility of
the Fund&#8217;s NAV. Futures contracts executed (if any) on foreign exchanges may not provide the same protection as U.S. exchanges.
Futures contracts can increase the Fund&#8217;s risk exposure to underlying references and their attendant risks, such as credit risk,
market risk, foreign currency risk and interest rate risk, while also exposing the Fund to correlation risk, counterparty risk, hedging
risk, inflation risk, leverage risk, liquidity risk, pricing risk and volatility risk.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 41; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivativesRiskOptionsRiskMember_zME4dzN8nbFk"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DerivativesRiskOptionsRiskMember" escape="true" id="Fact000163" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives Risk &#8211; Options Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Options are derivatives that give the purchaser
the option to buy (call) or sell (put) an underlying reference from or to a counterparty at a specified price (the strike price) on or
before an expiration date. When writing options, the Fund is exposed to the risk that it may be required to buy or sell the underlying<br/>
reference at a disadvantageous price on or before the expiration date. Options may involve economic leverage, which could result in greater
volatility in price movement. The Fund&#8217;s losses could be significant, and are potentially unlimited for certain types of options.
Options may be traded on a securities exchange or in the over-the-counter market. At or prior to maturity of an options contract, the
Fund may enter into an offsetting contract and may incur a loss to the extent there has been adverse movement in options prices. Options
can increase the Fund&#8217;s risk exposure to underlying references and their attendant risks, such as credit risk, market risk, foreign
currency risk and interest rate risk, while potentially exposing the Fund to correlation risk, counterparty risk, hedging risk, inflation
risk, leverage risk, liquidity risk, pricing risk and volatility risk.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivativesRiskRegulationMember_zDRDyR6J71jk"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DerivativesRiskRegulationMember" escape="true" id="Fact000164" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives Risk &#8211; Regulation </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There are many rules related to derivatives that
may negatively impact the Fund, such as requirements related to recordkeeping, reporting, portfolio reconciliation, central clearing,
minimum margin for uncleared over-the- counter instruments and mandatory trading on electronic facilities, and other transaction-level
obligations. Parties that act as dealers in swaps, are also subject to extensive business conduct standards, additional &#8220;know your
counterparty&#8221; obligations, documentation standards and capital requirements. All of these requirements add costs to the legal, operational
and compliance obligations of the Adviser and the Fund, and increase the amount of time that the Adviser spends on non-investment-related
activities. Requirements such as these also raise the costs of entering into derivative transactions, and these increased costs will likely
be passed on to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These rules are operationally and technologically
burdensome for the Adviser and the Fund. These compliance obligations require employee training and use of technology, and there are operational
risks borne by the Fund in implementing procedures to comply with many of these additional obligations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These regulations may also result in the Fund
forgoing the use of certain trading counterparties (such as broker-dealers and futures commission merchants (&#8220;FCMs&#8221;)), as
the use of other parties may be more efficient for the Fund from a regulatory perspective. However, this could limit the Fund's trading
activities, create losses, preclude the Fund from engaging in certain transactions or prevent the Fund from trading at optimal rates and
terms.</p>


<ix:exclude><!-- Field: Page; Sequence: 42; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Many of these requirements were implemented under
legislation intended to reform the U.S. financial regulatory system, the EU Regulation on OTC Derivatives, Central Counterparties and
Trade Repositories (known as the European Market Infrastructure Regulation, or &#8220;EMIR&#8221;) and similar regulations globally. In
the United States, regulatory responsibility for derivatives is divided between the SEC and the Commodities Futures Trading Commission
(&#8220;CFTC&#8221;), a distinction that does not exist in any other jurisdiction. The SEC has regulatory authority over &#8220;security-based
swaps&#8221; and the CFTC has regulatory authority over &#8220;swaps&#8221;. EMIR is being implemented in phases through the adoption
of delegated acts by the European Commission. As a result of the SEC and CFTC bifurcation and the different pace at which the SEC, the
CFTC, the European Commission and other international regulators have promulgated necessary regulations, different transactions are subject
to different levels of regulation. Though many rules and regulations have been finalized, there are others, particularly SEC regulations
with respect to security-based swaps that are still in the proposal stage or are expected to be introduced in the future.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivativesRiskSwapsRiskMember_z0FWR1BfVb0l"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DerivativesRiskSwapsRiskMember" escape="true" id="Fact000165" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives Risk &#8211; Swaps Risk. </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In a typical swap transaction, two parties agree
to exchange the return earned on a specified underlying reference for a fixed return or the return from another underlying reference during
a specified period of time. Swaps may be difficult to value and may be illiquid. Swaps could result in Fund losses if the underlying asset
or reference does not perform as anticipated. Swaps create significant investment leverage such that a relatively small price movement
in a swap may result in immediate and substantial losses to the Fund. The Fund may only close out a swap with its particular counterparty
and may only transfer a position with the consent of that counterparty. Certain swaps, such as short swap transactions and total return
swaps, have the potential for unlimited losses, regardless of the size of the initial position. Swaps can increase the Fund&#8217;s risk
exposure to underlying references and their attendant risks, such as credit risk, market risk and interest rate risk, while potentially
exposing the Fund to leverage risk, counterparty risk (i.e., the risk of counterparty default on its obligations under the swap agreement),
illiquidity risk, valuation risk and volatility risk.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DistressedAndDefaultedSecuritiesRiskMember_zwdKgZkGMj31"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_DistressedAndDefaultedSecuritiesRiskMember" escape="true" id="Fact000166" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Distressed and Defaulted Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in the securities of financially distressed
issuers are speculative and involve substantial risks. These securities may present a substantial risk of default or may be in default
at the time of investment. The Fund may incur additional expenses to the extent it is required to seek recovery upon a default in the
payment of principal or interest on its portfolio holdings. In any reorganization or liquidation proceeding relating to a portfolio company,
the Fund may lose its entire investment or may be required to accept cash or securities with a value less than its original investment.
Among the risks inherent in investments in a troubled entity is that it frequently may be difficult to obtain information as to the true
financial condition of such issuer. The Adviser&#8217;s judgment about the credit quality of the issuer and the relative value and liquidity
of its securities may prove to be wrong. Distressed securities and any securities received in an exchange for such securities may be subject
to restrictions on resale.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--EquitySecuritiesRiskMember_zh1BrqWoI9c8"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_EquitySecuritiesRiskMember" escape="true" id="Fact000167" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Equity Securities Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund expects to buy and sell private and public
equity securities. The value of equity securities of public and private, listed and unlisted companies and equity derivatives generally
varies with the performance of the issuer and movements in the equity markets. As a result, the Fund may suffer losses if it invests in
equity instruments of issuers whose performance diverges from the Adviser&#8217;s expectations or if equity markets generally move in
a single direction and the Fund has not hedged against such a general move. The Fund also may be exposed to risks that issuers will not
fulfill contractual obligations such as, in the case of convertible securities or private placements, delivering marketable common stock
upon conversions of convertible securities and registering restricted securities for public resale.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 43; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--EmergingMarketSecuritiesRiskMember_zzYphH1inBQh"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_EmergingMarketSecuritiesRiskMember" escape="true" id="Fact000168" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Emerging Market Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Securities issued by foreign governments or companies
in emerging market countries,&#160;such as&#160;China, Russia and certain countries in Eastern Europe, the Middle East, Asia, Latin America
or Africa, are more likely to have greater exposure to the risks of investing in foreign securities that are described in Foreign Securities
Risk. In addition, emerging market countries are more likely to experience instability resulting, for example, from rapid changes or developments
in social, political, economic or other conditions. Their economies are usually less mature and their securities markets are typically
less developed with more limited trading activity (<i>i.e.</i>, lower trading volumes and less liquidity) than more developed countries.
Emerging market securities tend to be more volatile than securities in more developed markets. Many emerging market countries are heavily
dependent on international trade and have fewer trading partners, which makes them more sensitive to world commodity prices and economic
downturns in other countries. Some emerging market countries have a higher risk of currency devaluations, and some of these countries
may experience periods of high inflation or rapid changes in inflation rates and may have hostile relations with other countries.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ExchangeTradedFundETFRiskMember_zI4i2ty3F9qh"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_ExchangeTradedFundETFRiskMember" escape="true" id="Fact000169" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Exchange Traded Fund (ETF) Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in ETFs have unique characteristics,
including, but not limited to, the expense structure and additional expenses associated with investing in ETFs. An ETF&#8217;s share price
may not track its specified market index (if any) and may trade below its NAV. Certain ETFs use a &#8220;passive&#8221; investment strategy
and do not take defensive positions in volatile or declining markets. Other ETFs in which the Fund may invest are actively managed ETFs
(i.e., they do not track a particular benchmark), which indirectly subjects the Fund to active management risk. An active secondary market
in an ETF&#8217;s shares may not develop or be maintained and may be halted or interrupted due to actions by its listing exchange, unusual
market conditions or other reasons. There can be no assurance an ETF&#8217;s shares will continue to be listed on an active exchange.
In addition, the Fund&#8217;s shareholders bear both their proportionate share of the Fund&#8217;s expenses and, indirectly, the ETF&#8217;s
expenses, incurred through the Fund&#8217;s ownership of the ETF. Because the expenses and costs of an underlying ETF are shared by its
investors, redemptions by other investors in the ETF could result in decreased economies of scale and increased operating expenses for
such ETF. These transactions might also result in higher brokerage, tax or other costs for the ETF. This risk may be particularly important
when one investor owns a substantial portion of the ETF.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Funds generally expect to purchase shares
of ETFs through broker-dealers in transactions on a securities exchange, and in such cases the Funds will pay customary brokerage commissions
for each purchase and sale. Shares of an ETF may also be acquired by depositing a specified portfolio of the ETF&#8217;s underlying securities,
as well as a cash payment generally equal to accumulated dividends of the securities (net of expenses) up to the time of deposit, with
the ETF&#8217;s custodian, in exchange for which the ETF will issue a quantity of new shares sometimes referred to as a &#8220;creation
unit.&#8221; Similarly, shares of an ETF purchased on an exchange may be accumulated until they represent a creation unit, and the creation
unit may be redeemed in-kind for a portfolio of the underlying securities (based on the ETF&#8217;s NAV) together with a cash payment
generally equal to accumulated dividends as of the date of redemption. The Funds may redeem creation units for the underlying securities
(and any applicable cash), and may assemble a portfolio of the underlying securities (and any required cash) to purchase creation units.
The Funds&#8217; ability to redeem creation units may be limited by the 1940 Act, which provides that ETFs, the shares of which are purchased
in reliance on Section 12(d)(1)(F) of the 1940 Act, will not be obligated to redeem such shares in an amount exceeding one percent of
their total outstanding securities during any period of less than 30 days.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 44; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember_zQJU7D3TgYtc"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" escape="true" id="Fact000170" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Failures of Futures Commission Merchants and
Clearing Organizations Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is required to deposit funds to margin
open positions in cleared derivative instruments (both futures and swaps) with a clearing broker registered as a &#8220;futures commission
merchant&#8221; (&#8220;FCM&#8221;). The CEA requires an FCM to segregate all funds received from customers with respect to any orders
for the purchase or sale of U.S. domestic futures contracts and cleared swaps from the FCM&#8217;s proprietary assets. Similarly, the
CEA requires each FCM to hold in a separate secure account all funds received from customers with respect to any orders for the purchase
or sale of foreign futures contracts and segregate any such funds from the funds received with respect to domestic futures contracts.
However, all funds and other property received by an FCM from its customers are held by an FCM on a commingled basis in an omnibus account
and amounts in excess of assets posted to the clearing organization may be invested by an FCM in certain instruments permitted under the
applicable regulation. There is a risk that assets deposited by the Fund with any FCM as margin for futures contracts may, in certain
circumstances, be used to satisfy losses of other clients of the Fund&#8217;s FCM. In addition, the assets of the Fund posted as margin
against both swaps and futures contracts may not be fully protected in the event of the FCM&#8217;s bankruptcy.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98D_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ForeignSecuritiesRiskMember_z5LijjNqVyXf"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_ForeignSecuritiesRiskMember" escape="true" id="Fact000171" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Foreign Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in or exposure to foreign securities
involve certain risks not associated with investments in or exposure to securities of U.S. companies. For example, foreign markets can
be extremely volatile. Foreign securities may also be less liquid,&#160;making them more difficult to trade, than securities of U.S. companies
so that the Fund may, at times, be unable to sell foreign securities at desirable times or prices. Brokerage commissions, custodial costs
and other fees are also generally higher for foreign securities. The Fund may have limited or no legal recourse in the event of default
with respect to certain foreign securities, including those issued by foreign governments. In addition, foreign governments may impose
withholding or other taxes on the Fund&#8217;s income, capital gains or proceeds from the disposition of foreign securities, which could
reduce the Fund&#8217;s return on such securities. In some cases, such withholding or other taxes could potentially be confiscatory. Other
risks include: possible delays in the settlement of transactions or in the payment of income; generally less publicly available information
about foreign companies; the impact of economic, political, social, diplomatic or other conditions or events (including, for example,
military confrontations, war, terrorism and disease/virus outbreaks and epidemics), possible seizure, expropriation or nationalization
of a company or its assets or the assets of a particular investor or category of investors; accounting, auditing and financial reporting
standards that may be less comprehensive and stringent than those applicable to domestic companies; the imposition of economic and other
sanctions against a particular foreign country, its nationals or industries or businesses within the country; and the generally less stringent
standard of care to which local agents may be held in the local markets. In addition, it may be difficult to obtain reliable information
about the securities and business operations of certain foreign issuers. Governments or trade groups may compel local agents to hold securities
in designated depositories that are not subject to independent evaluation. The less developed a country&#8217;s securities market is,
the greater the level of risks.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The risks posed by sanctions against a particular
foreign country, its nationals or industries or businesses within the country may be heightened to the extent the Fund invests significantly
in the affected country or region or in issuers from the affected country that depend on global markets. Additionally, investments in
certain countries may subject the Fund to a number of tax rules, the application of which may be uncertain. Countries may amend or revise
their existing tax laws, regulations and/or procedures in the future, possibly with retroactive effect. Changes in or uncertainties regarding
the laws, regulations or procedures of a country could reduce the after-tax profits of the Fund, directly or indirectly, including by
reducing the after-tax profits of companies located in such countries in which the Fund invests, or result in unexpected tax liabilities
for the Fund. The performance of the Fund may also be negatively affected by fluctuations in a foreign currency's strength or weakness
relative to the U.S. dollar, particularly&#160;to the extent&#160;the Fund invests a significant percentage of its assets in foreign securities
or other assets denominated in currencies other than the U.S. dollar. Currency rates in foreign countries may fluctuate significantly
over short or long periods of time for a number of reasons, including changes in interest rates, imposition of currency exchange controls
and economic or political developments in the U.S. or abroad. The Fund may also incur currency conversion costs when converting foreign
currencies into U.S. dollars and vice versa.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 45; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--FrequentTradingRiskMember_z7BpONboXjh"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_FrequentTradingRiskMember" escape="true" id="Fact000172" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Frequent Trading Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The portfolio managers may actively and frequently
trade investments in the Fund's portfolio to carry out its investment strategies. Frequent trading of investments increases the possibility
that the Fund, as relevant, will realize taxable capital gains (including short-term capital gains, which are generally taxable to shareholders
at higher rates than long-term capital gains for U.S. federal income tax purposes), which could reduce the Fund's after-tax return. Frequent
trading can also mean higher brokerage and other transaction costs, which could reduce the Fund's return. The trading costs and tax effects
associated with portfolio turnover may adversely affect the Fund&#8217;s performance.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--GovernmentInterventionsRiskMember_zDDy9ASnNwj1"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_GovernmentInterventionsRiskMember" escape="true" id="Fact000173" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Government Interventions Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Extreme volatility and illiquidity in markets
has in the past led to, and may in the future lead to, extensive governmental interventions in equity, debt, credit and currency markets.
Generally, such interventions are intended to reduce volatility and precipitous drops in value. In certain cases, governments have intervened
on an "emergency" basis, suddenly and substantially eliminating market participants' ability to continue to implement certain
strategies or manage the risk of their outstanding positions. In addition, these interventions have typically been unclear in scope and
application, resulting in uncertainty. It is impossible to predict when these restrictions will be imposed, what the interim or permanent
restrictions will be and/or the effect of such restrictions on the Fund's strategies.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_986_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--HedgingTransactionsMember_zgzUqNvooCYi"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_HedgingTransactionsMember" escape="true" id="Fact000174" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Hedging Transactions</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may utilize financial instruments, both
for investment purposes and for risk management purposes in order to (i) protect against possible changes in the market value of the Fund's
investment portfolio resulting from fluctuations in the securities markets and changes in interest rates; (ii) protect the Fund's unrealized
gains in the value of the Fund's investment portfolio; (iii) facilitate the sale of any such investments; (iv) enhance or preserve returns,
spreads or gains on any investment in the Fund's portfolio; (v) hedge the interest rate or currency exchange rate on any of the Fund's
liabilities or assets; (vi) protect against any increase in the price of any securities the Fund anticipates purchasing at a later date
or (vii) for any other reason that the Adviser deems appropriate.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The success of the Fund's hedging strategy will
depend, in part, upon the Adviser&#8217;s ability to correctly assess the degree of correlation between the performance of the instruments
used in the hedging strategy and the performance of the portfolio investments being hedged. Since the characteristics of many securities
change as markets change or time passes, the success of the Fund's hedging strategy will also be subject to the Adviser's ability to continually
recalculate, readjust and execute hedges in an efficient and timely manner. While the Fund may enter into hedging transactions to seek
to reduce risk, such transactions may result in a poorer overall performance for the Fund than if it had not engaged in such hedging transactions.
For a variety of reasons, the Adviser may not seek to establish a perfect correlation between the hedging instruments utilized and the
portfolio holdings being hedged. Such an imperfect correlation may prevent the Fund from achieving the intended hedge or expose the Fund
to risk of loss. The Adviser may not hedge against a particular risk because it does not regard the probability of the risk occurring
to be sufficiently high as to justify the cost of the hedge, or because it does not foresee the occurrence of the risk. The successful
utilization of hedging and risk management transactions requires skills complementary to those needed in the selection of the Fund's portfolio
holdings.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 46; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--HighYieldInvestmentsRiskMember_zXAbkKc2DCZ7"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_HighYieldInvestmentsRiskMember" escape="true" id="Fact000175" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>High-Yield Investments Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Securities and other debt instruments held by
the Fund that are rated below investment grade (commonly called &#8220;high-yield&#8221; or &#8220;junk&#8221; bonds) and unrated debt
instruments of comparable quality tend to be more sensitive to credit risk than higher-rated debt instruments and may experience greater
price fluctuations in response to perceived changes in the ability of the issuing entity or obligor to pay interest and principal when
due than to changes in interest rates. These investments are generally more likely to experience a default than higher-rated debt instruments.
High-yield debt instruments are considered to be predominantly speculative with respect to the issuer&#8217;s capacity to pay interest
and repay principal. These debt instruments typically pay a premium &#8211; a higher interest rate or yield &#8211; because of the increased
risk of loss, including default. High-yield debt instruments may require a greater degree of judgment to establish a price, may be difficult
to sell at the time and price the Fund desires, may carry high transaction costs, and also are generally less liquid than higher-rated
debt instruments. The ratings provided by third party rating agencies are based on analyses by these ratings agencies of the credit quality
of the debt instruments and may not take into account every risk related to whether interest or principal will be timely repaid. In adverse
economic and other circumstances, issuers of lower-rated debt instruments are more likely to have difficulty making principal and interest
payments than issuers of higher-rated debt instruments.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98E_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--IlliquidInvestmentsRiskMember_zwBBi8zJJg8c"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_IlliquidInvestmentsRiskMember" escape="true" id="Fact000176" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Illiquid Investments Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in securities, bank debt,
private funds and companies, other assets and/or third-party managers and other claims, which are subject to legal or other restrictions
on transfer or for which no liquid market exists. The market prices, if any, for such investments tend to be volatile and may not be readily
ascertainable, and the Fund may not be able to execute a buy or sell order on exchanges at the desired price or to liquidate an open position
due to market conditions, including the operation of daily price fluctuation limits. The sale of restricted and illiquid securities often
requires more time and results in higher brokerage charges or dealer discounts and other selling expenses than does the sale of securities
eligible for trading on national securities exchanges or in the over-the-counter markets. The Fund may not be able to readily dispose
of such illiquid investments and, in some cases, may be contractually prohibited from disposing of such investments for a specified period
of time. If trading on an exchange is suspended or restricted, the Fund may not be able to execute trades or close out positions on terms
that the Adviser believes are desirable. Realization of value from such investments may be difficult in the short-term, or may have to
be made at a substantial discount compared to other freely tradable investments. An investment in the Fund is suitable only for certain
sophisticated investors who do not require immediate liquidity for their investments.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InflationRiskMember_zlUf7ZbElDT3"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_InflationRiskMember" escape="true" id="Fact000177" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Inflation Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Inflation risk is the risk that the value of assets
or income from investment will be worth less in the future, as inflation decreases the value of money. As inflation increases, the real
value of the common shares and distributions on those shares can decline. In addition, during any periods of rising inflation, interest
rates on any borrowings by the Fund would likely increase, which would tend to further reduce returns to the holders of common shares.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 47; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InflationIndexedBondsRiskMember_z9fOvhWvuSrj"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_InflationIndexedBondsRiskMember" escape="true" id="Fact000178" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Inflation-Indexed Bonds Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in inflation-indexed bonds,
which are fixed-income securities or other instruments whose principal value is periodically adjusted according to the rate of inflation.
Two structures are common. The U.S. Treasury and some other issuers use a structure that accrues inflation into the principal value of
the bond. Most other issuers pay out the Consumer Price Index (&#8220;CPI&#8221;) accruals as part of a semi-annual coupon.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Inflation-indexed securities issued by the U.S.
Treasury have maturities of five, ten or thirty years, although it is possible that securities with other maturities will be issued in
the future. The U.S. Treasury securities pay interest on a semi-annual basis, equal to a fixed percentage of the inflation-adjusted principal
amount. For example, if the Fund purchased an inflation-indexed bond with a par value of $1,000 and a 3% real rate of return coupon (payable
1.5% semi-annually), and inflation over the first six months was 1%, the mid-year par value of the bond would be $1,010 and the first
semiannual interest payment would be $15.15 ($1,010 times 1.5%). If inflation during the second half of the year resulted in the whole
year&#8217;s inflation equaling 3%, the end-of-year par value of the bond would be $1,030 and the second semi-annual interest payment
would be $15.45 ($1,030 times 1.5%).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the periodic adjustment rate measuring inflation
falls, the principal value of inflation-indexed bonds will be adjusted downward, and, consequently, the interest payable on these securities
(calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted
for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds, even during a period of deflation. However, the current
market value of the bonds is not guaranteed, and will fluctuate. The Fund may also invest in other inflation related bonds which may or
may not provide a similar guarantee. If a guarantee of principal is not provided, the adjusted principal value of the bond repaid at maturity
may be less than the original principal. In addition, if the Fund purchases inflation-indexed bonds offered by foreign issuers, the rate
of inflation measured by the foreign inflation index may not be correlated to the rate of inflation in the United States.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The value of inflation-indexed bonds is expected
to change in response to changes in real interest rates. Real interest rates, in turn, are tied to the relationship between nominal interest
rates and the rate of inflation. Therefore, if inflation were to rise at a faster rate than nominal interest rates, real interest rates
might decline, leading to an increase in value of inflation-indexed bonds. In contrast, if nominal interest rates increased at a faster
rate than inflation, real interest rates might rise, leading to a decrease in value of inflation-indexed bonds. There can be no assurance,
however, that the value of inflation-indexed bonds will be directly correlated to changes in interest rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While these securities are expected to be protected
from long-term inflationary trends, short-term increases in inflation may lead to a decline in value. If interest rates rise due to reasons
other than inflation (for example, due to changes in currency exchange rates), investors in these securities may not be protected to the
extent that the increase is not reflected in the bond&#8217;s inflation measure.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In general, the measure used to determine the
periodic adjustment of U.S. inflation-indexed bonds is the Consumer Price Index for Urban Consumers (&#8220;CPI-U&#8221;), which is calculated
monthly by the U.S. Bureau of Labor Statistics. The CPI-U is a measurement of changes in the cost of living, made up of components such
as housing, food, transportation and energy. Inflation-indexed bonds issued by a foreign government are generally adjusted to reflect
a comparable inflation index, calculated by that government. There can be no assurance that the CPI-U or any foreign inflation index will
accurately measure the real rate of inflation in the prices of goods and services. Moreover, there can be no assurance that the rate of
inflation in a foreign country will be correlated to the rate of inflation in the United States.</p>


<ix:exclude><!-- Field: Page; Sequence: 48; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any increase in the principal amount of an inflation-indexed
bond will be considered taxable ordinary income, even though investors do not receive their principal until maturity.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InformationTechnologySystemsRiskMember_zGB3CZWeqkEb"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_InformationTechnologySystemsRiskMember" escape="true" id="Fact000179" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Information Technology Systems Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is dependent on the Adviser for certain
management services as well as back-office functions. The Adviser depends on information technology systems in order to assess investment
opportunities, strategies and markets and to monitor and control risks for the Fund. It is possible that a failure of some kind which
causes disruptions to these information technology systems could materially limit the Adviser&#8217;s ability to adequately assess and
adjust investments, formulate strategies and provide adequate risk control. Any such information technology-related difficulty could harm
the performance of the Fund. Further, failure of the back-office functions of the Adviser to process trades in a timely fashion could
prejudice the investment performance of the Fund.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InterestRatesRiskMember_zlHOI8cyX2Ka"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_InterestRatesRiskMember" escape="true" id="Fact000180" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Interest Rate Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest rate risk is the risk of losses attributable
to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest
rates fall, the values of debt instruments tend to rise. Changes in the value of a debt instrument usually will not affect the amount
of income the Fund receives from it but will generally affect the value of your investment in the Fund. Changes in interest rates may
also affect the liquidity of the Fund&#8217;s investments in debt instruments. In general, the longer the maturity or duration of a debt
instrument, the greater its sensitivity to changes in interest rates. Interest rate declines also may increase prepayments of debt obligations,
which, in turn, would increase prepayment risk (the risk that the Fund will have to reinvest the money received in securities that have
lower yields). Very low or negative interest rates may prevent the Fund from generating positive returns and may increase the risk that,
if followed by rising interest rates, the Fund&#8217;s performance will be negatively impacted. The Fund is subject to the risk that the
income generated by its investments may not keep pace with inflation. Actions by governments and central banking authorities can result
in increases in interest rates. Such actions may negatively affect the value of debt instruments held by the Fund, resulting in a negative
impact on the Fund's performance and NAV. Any interest rate increases could cause the value of the Fund&#8217;s investments in debt instruments
to decrease. Rising interest rates may prompt redemptions from the Fund, which may force the Fund to sell investments at a time when it
is not advantageous to do so, which could result in losses.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--IssuerRiskMember_z0KZMhnenKJc"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_IssuerRiskMember" escape="true" id="Fact000181" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Issuer Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An issuer in which the Fund invests or to which
it has exposure may perform poorly or below expectations, and the value of its securities may therefore decline, which may negatively
affect the Fund&#8217;s performance. Underperformance of an issuer may be caused by poor management decisions, competitive pressures,
breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural
disasters, military confrontations, war, terrorism, disease/virus outbreaks,&#160;epidemics or other events, conditions and factors which
may impair the value of an investment in the Fund&#160;and could result in increased premiums or discounts to the Fund&#8217;s net asset
value.</p>

</ix:nonNumeric></div>


<ix:exclude><!-- Field: Page; Sequence: 49; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_983_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InvestmentCompanyActRegulationsRiskMember_z2vGUkAudCHa"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_InvestmentCompanyActRegulationsRiskMember" escape="true" id="Fact000182" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Investment Company Act Regulations Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is a registered closed-end management
investment company and as such is subject to regulations under the Investment Company Act. Generally speaking, any contract or provision
thereof that is made, or where performance involves a violation of the Investment Company Act or any rule or regulation thereunder is
unenforceable by either party unless a court finds otherwise.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--LegalTaxAndRegulatoryRisksMember_zkbt9eEfyzej"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_LegalTaxAndRegulatoryRisksMember" escape="true" id="Fact000183" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Legal, Tax and Regulatory Risks</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal, tax and regulatory changes could occur
that may have material adverse effects on the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To qualify for the favorable U.S. federal income
tax treatment generally accorded to RICs, the Fund must, among other things, derive in each taxable year at least 90% of its gross income
from certain prescribed sources and distribute for each taxable year at least 90% of its &#8220;investment company taxable income&#8221;
(generally, ordinary income plus the excess, if any, of net short-term capital gain over net long-term capital loss). If for any taxable
year the Fund does not qualify as a RIC, all of its taxable income for that year (including its net capital gain) would be subject to
tax at regular corporate rates without any deduction for distributions to shareholders, and such distributions would be taxable as ordinary
dividends to the extent of the Fund&#8217;s current and accumulated earnings and profits.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The current presidential administration has called
for significant changes to U.S. fiscal, tax, trade, healthcare, immigration, foreign, and government regulatory policy. In this regard,
there is significant uncertainty with respect to legislation, regulation and government policy at the federal level, as well as the state
and local levels. Recent events have created a climate of heightened uncertainty and introduced new and difficult-to-quantify macroeconomic
and political risks with potentially far-reaching implications. There has been a corresponding meaningful increase in the uncertainty
surrounding interest rates, inflation, foreign exchange rates, trade volumes and fiscal and monetary policy. To the extent the U.S. Congress
or the current presidential administration implements changes to U.S. policy, those changes may impact, among other things, the U.S. and
global economy, international trade and relations, unemployment, immigration, corporate taxes, healthcare, the U.S. regulatory environment,
inflation and other areas. Although the Fund cannot predict the impact, if any, of these changes to the Fund&#8217;s business, they could
adversely affect the Fund&#8217;s business, financial condition, operating results and cash flows. Until the Fund knows what policy changes
are made and how those changes impact the Fund&#8217;s business and the business of the Fund&#8217;s competitors over the long term, the
Fund will not know if, overall, the Fund will benefit from them or be negatively affected by them.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The rules dealing with U.S. federal income taxation
are constantly under review by persons involved in the legislative process and by the Internal Revenue Service and the U.S. Treasury Department.
Revisions in U.S. federal tax laws and interpretations of these laws could adversely affect the tax consequences of your investment.</p>

</ix:nonNumeric></div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--LeverageRiskMember_zil6SOAEN6ul"><ix:nonNumeric contextRef="From2025-07-032025-07-03_custom_LeverageRiskMember" escape="true" id="Fact000184" name="cef:RiskTextBlock">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Leverage Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund uses leverage through direct borrowings
(e.g., through its Facility) and through any of the financial instruments described herein, including derivative instruments (such as
options and swaps), which are inherently leveraged and trading in products with embedded leverage such as short sales and forwards. The
instruments and borrowings utilized by the Fund to leverage investments are typically collateralized by the Fund&#8217;s portfolio.</p>


<ix:exclude><!-- Field: Page; Sequence: 50; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt"></p></div>
    <!-- Field: /Page --></ix:exclude>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The use of leverage will magnify the volatility
of changes in the value of the investments of the Fund. Accordingly, any event which adversely affects the value of an investment would
be magnified to the extent the investment is leveraged. The cumulative effect of the use of leverage by the Fund in a market that moves
adversely to its investments could result in substantial losses to the Fund, which would be greater than if the Fund was not leveraged.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While leverage increases the buying power of the
Fund and presents opportunities for increasing total returns, it has the effect of potentially increasing losses as well. For example,
funds borrowed for leveraging will be subject to interest, transaction and other costs, and other types of leverage also involve transaction
and other costs. Any such costs may or may not be recovered by the return on the Fund&#8217;s portfolio. Leverage will increase the investment
return of the Fund if an investment purchased with or utilizing leverage earns a greater return than the cost to the Fund of such leverage.
The use of leverage will decrease the investment return if the Fund fails to recover the cost of such leverage.</p>

</ix:nonNumeric></div>

</ix:nonNumeric><p id="xdx_A98_zgSrn7gw5Ooa" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Management Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is subject to management risk because
it is an actively managed investment portfolio. The Adviser and the individual portfolio managers will apply investment techniques and
risk analyses in making investment decisions for the Fund, but there can be no guarantee that these will produce the desired results.
The Fund may be subject to a relatively high level of management risk because the Fund may invest in derivative instruments, which may
be highly specialized instruments that require investment techniques and risk analyses different from those associated with equities and
bonds.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Market Risk. </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may incur losses due to declines in the
value of one or more securities in which it invests. These declines may be due to factors affecting a particular issuer, or the result
of, among other things, political, regulatory, market, economic or social developments affecting the relevant market(s) more generally.
In addition, turbulence in financial markets and reduced liquidity in equity, credit and/or fixed income markets may negatively affect
many issuers, which could adversely affect the Fund&#8217;s ability to price or value hard-to-value assets in thinly traded and closed
markets and could cause significant redemptions and operational challenges. Global economies and financial markets are increasingly interconnected,
and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial
market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other
circumstances, such risks might affect companies worldwide. As a result, local, regional or global events such as terrorism, war, other
conflicts, natural disasters, disease/virus outbreaks and epidemics or other public health issues, recessions, depressions or other events
&#8211; or the potential for such events &#8211; could have a significant negative impact on global economic and market conditions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Market Disruption and Geopolitical Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The occurrence of events similar to those in recent
years, such as in Afghanistan, Pakistan, Egypt, Libya, Syria and the Middle East, international war or conflict (including the Israel-Hamas
and Russia-Ukraine wars), new and ongoing epidemics and pandemics of infectious diseases and other global health events, natural/environmental
disasters, terrorist attacks in the United States and around the world, social and political discord, debt crises (such as the Greek crisis),
sovereign debt downgrades, the Russian invasion of Ukraine, increasingly strained relations between the United States and a number of
foreign countries, including historical adversaries, such as North Korea, Iran, China and Russia, and the international community generally,
new and continued political unrest in various countries, such as Venezuela and Spain, the exit or potential exit of one or more countries
from the EU or the EMU, and continued changes in the balance of political power among and within the branches of the U.S. government,
among others, may result in market volatility, may have long term effects on the U.S. and worldwide financial markets, and may cause further
economic uncertainties in the United States and worldwide.</p>


<!-- Field: Page; Sequence: 51; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">China and the United States have each imposed
tariffs on the other country&#8217;s products. These actions may cause a significant reduction in international trade, the oversupply
of certain manufactured goods, substantial price reductions of goods and possible failure of individual companies and/or large segments
of China&#8217;s export industry, which could have a negative impact on the Fund&#8217;s performance. U.S. companies that source material
and goods from China and those that make large amounts of sales in China would be particularly vulnerable to an escalation of trade tensions.
Uncertainty regarding the outcome of the trade tensions and the potential for a trade war could cause the U.S. dollar to decline against
safe haven currencies, such as the Japanese yen and the euro. Events such as these and their consequences are difficult to predict and
it is unclear whether further tariffs may be imposed or other escalating actions may be taken in the future.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cybersecurity incidents affecting particular companies
or industries may adversely affect the economies of particular countries, regions or parts of the world in which the Fund invests.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The occurrence of any of these above events could
have a significant adverse impact on the value and risk profile of the Fund&#8217;s portfolio. The Fund does not know how long the securities
markets may be affected by similar events and cannot predict the effects of similar events in the future on the U.S. economy and securities
markets. There can be no assurance that similar events and other market disruptions will not have other material and adverse implications.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Money Market Fund Investment Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in money market funds. An
investment in a money market fund is not a bank deposit and is not insured or guaranteed by any bank, the FDIC or any other government
agency. Certain money market funds float their NAV while others seek to preserve the value of investments at a stable NAV (typically $1.00
per share). An investment in a money market fund, even an investment in a fund seeking to maintain a stable NAV per share, is not guaranteed
and it is possible for the Fund to lose money by investing in these and other types of money market funds. Certain money market funds
must impose a mandatory liquidity fee on redemptions if daily net redemptions exceed 5% of their net assets and certain money market funds
may impose a discretionary liquidity fee of up to 2% on redemptions if that fee is determined to be in the best interests of the money
market fund. The amount of any mandatory liquidity fee will represent a good faith estimate of the costs of liquidating a pro rata portion
of each of the money market fund&#8217;s portfolio holdings to meet the redemptions, or 1% of the value of the shares redeemed if such
an amount cannot be estimated. Such fees, if imposed, will reduce the amount the Fund receives on redemptions. In addition to the fees
and expenses that the Fund directly bears, the Fund indirectly bears the fees and expenses of any money market funds in which it invests,
including affiliated money market funds. By investing in a money market fund, the Fund will be exposed to the investment risks of the
money market fund in direct proportion to such investment. The money market fund may not achieve its investment objective. The Fund, through
its investment in the money market fund, may not achieve its investment objective. To the extent the Fund invests in instruments such
as derivatives, the Fund may hold investments, which may be significant, in money market fund shares to cover its obligations resulting
from the Fund&#8217;s investments in such instruments. Money market funds and the securities they invest in are subject to comprehensive
regulations. The enactment of new legislation or regulations, as well as changes in interpretation and enforcement of current laws, may
affect the manner of operation, performance and/or yield of money market funds.</p>


<!-- Field: Page; Sequence: 52; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Mortgage- and other Asset-Backed Instruments
Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The value of any mortgage-backed and other asset-backed
instruments including collateralized debt obligations and collateralized loan obligations, if any, held by the Fund may be affected by,
among other things, changes or perceived changes in: interest rates; factors concerning the interests in and structure of the issuer or
the originator of the mortgages or other assets; the creditworthiness of the entities that provide any supporting letters of credit, surety
bonds or other credit enhancements; or the market's assessment of the quality of underlying assets. Mortgage-backed instruments represent
interests in, or are backed by, pools of mortgages from which payments of interest and principal (net of fees paid to the issuer or guarantor
of the instruments) are distributed to the holders of the mortgage-backed instruments. Other types of asset-backed securities typically
represent interests in, or are backed by, pools of receivables such as credit, automobile, student and home equity loans. Mortgage- and
other asset-backed instruments can have a fixed or an adjustable rate. Mortgage-and other asset-backed instruments are subject to liquidity
risk (the risk that it may not be possible for the Fund to liquidate the instrument at an advantageous time or price) and prepayment risk
(the risk that the underlying mortgage or other asset may be refinanced or prepaid prior to maturity during periods of declining or low
interest rates, causing the Fund to have to reinvest the money received in securities that have lower yields). In addition, the impact
of prepayments on the value of mortgage- and other asset-backed instruments may be difficult to predict and may result in greater volatility.
A decline or flattening of housing values may cause delinquencies in mortgages (especially sub-prime or non-prime mortgages) underlying
mortgage-backed instruments and thereby adversely affect the ability of the mortgage-backed instruments issuer to make principal and/or
interest payments to mortgage-backed instrument holders, including the Fund. Rising or high interest rates tend to extend the duration
of mortgage-and other asset-backed instruments, making them more volatile and more sensitive to changes in interest rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Payment of principal and interest on some mortgage-backed
instruments (but not the market value of the instruments themselves) may be guaranteed (i) by the full faith and credit of the U.S. Government
(in the case of securities guaranteed by the Government National Mortgage Association) or (ii) by its agencies, authorities, enterprises
or instrumentalities (in the case of securities guaranteed by the Federal National Mortgage Association (FNMA) or the Federal Home Loan
Mortgage Corporation(FHLMC)), which are not insured or guaranteed by the U.S. Government (although FNMA and FHLMC may be able to access
capital from the U.S. Treasury to meet their obligations under such securities). Mortgage-backed instruments issued by non-governmental
issuers (such as commercial banks, savings and loan institutions, private mortgage insurance companies, mortgage bankers and other secondary
market issuers) may be supported by various credit enhancements, such as pool insurance, guarantees issued by governmental entities, letters
of credit from a bank or senior/subordinated structures, and may entail greater risk than obligations guaranteed by the U.S. Government,
whether or not such obligations are guaranteed by the private issuer.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Municipal Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Municipal securities are debt obligations generally
issued to obtain funds for various public purposes, including general financing for state and local governments, or financing for a specific
project or public facility, and include obligations of the governments of the U.S. territories, commonwealths and possessions such as
Guam, Puerto Rico and the U.S. Virgin Islands to the extent such obligations are exempt from state and U.S. federal income taxes. The
value of municipal securities can be significantly affected by actual or expected political and legislative changes at the federal or
state level. Municipal securities may be fully or partially backed by the taxing authority of the local government, by the credit of a
private issuer, by the current or anticipated revenues from a specific project or specific assets or by domestic or foreign entities providing
credit support, such as letters of credit, guarantees or insurance, and are generally classified into general obligation bonds and special
revenue obligations. General obligation bonds are backed by an issuer's taxing authority and may be vulnerable to limits on a government's
power or ability to raise revenue or increase taxes. They may also depend for payment on legislative appropriation and/or funding or other
support from other governmental bodies. Revenue obligations are payable from revenues generated by a particular project or other revenue
source, and are typically subject to greater risk of default than general obligation bonds because investors can look only to the revenue
generated by the project or other revenue source backing the project, rather than to the general taxing authority of the state or local
government issuer of the obligations. Because many municipal securities are issued to finance projects in sectors such as education, health
care, transportation and utilities, conditions in those sectors can affect the overall municipal market. The amount of publicly available
information for municipal issuers is generally less than for corporate issuers.</p>


<!-- Field: Page; Sequence: 53; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Issuers in a state, territory, commonwealth or
possession in which the Fund invests may experience significant financial difficulties for various reasons, including as the result of
events that cannot be reasonably anticipated or controlled such as economic downturns or similar periods of economic stress, social conflict
or unrest, labor disruption and natural disasters. Such financial difficulties may lead to credit rating downgrades or defaults of such
issuers which, in turn, could affect the market values and marketability of many or all municipal obligations of issuers in such state,
territory, commonwealth or possession. The value of the Fund&#8217;s shares will be negatively impacted to the extent it invests in such
securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Non-Investment Grade and Unrated Instruments.
</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A portion of the Fund's assets may be invested
in instruments that are unrated or have a credit quality rating below investment grade by internationally recognized credit rating organizations,
such as Moody's Investors Service Inc. and S&amp;P Global Ratings. The market prices of those securities may fluctuate more than higher-rated
securities, and may decline significantly in periods of general economic difficulty. Those securities generally are considered to have
extremely poor prospects of ever attaining any real investment grade standing and to have a current identifiable vulnerability to default.
The issuers or guarantors of those securities are considered to be less likely to have the capacity to pay interest and repay principal
when due in the event of adverse business, financial or economic conditions. Alternatively, such issuers may be in default or not current
in the payment of interest or principal. Adverse changes in economic conditions or developments regarding the individual issuer are more
likely to cause price volatility and weaken the capacity of the issuers of noninvestment grade debt securities to make principal and interest
payments than issuers of higher grade debt securities. An economic downturn affecting an issuer of non-investment grade debt securities
may result in an increased incidence of default. In addition, the market for lower grade debt securities may be less liquid and less active
than for higher grade debt securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Non-U.S. Government and Supranational Debt
Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s investments in the debt securities
of foreign governments can involve a high degree of risk. The governmental entity that controls the repayment of debt may not be able
or willing to repay the principal and/or interest when due in accordance with the terms of such debt. Governmental entities may be dependent
on expected disbursements from other foreign governments, multilateral agencies, and others abroad to reduce principal and interest arrearages
on their debt. The commitment on the part of these governments, agencies, and others to make such disbursements may be conditioned on
the implementation of economic reforms and/or economic performance and the timely service of such governmental entity&#8217;s obligations.
Failure to adhere to any such requirements may result in the cancellation of such other parties&#8217; commitments to lend funds to the
governmental entity, which may further impair such debtor&#8217;s ability or willingness to timely service its debts, and, consequently,
governmental entities may default on their debt. In addition, a holder of foreign government obligations (including the Fund) may be requested
to participate in the rescheduling of such debt and to extend further loans to governmental entities, and such holder&#8217;s interests
could be adversely affected in the course of those restructuring arrangements. Obligations arising from past restructuring agreements
may affect the economic performance and political and social stability of certain issuers of sovereign debt. In the event of a default
by a governmental entity, there may be few or no effective legal remedies for collecting on such debt. The sovereign debt of many non-U.S.
governments, including their subdivisions and instrumentalities, is rated below investment grade. The risks associated with non-U.S. Government
and supranational debt securities may be greater for debt securities issued or guaranteed by emerging and/or frontier countries.</p>


<!-- Field: Page; Sequence: 54; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Foreign investment in certain sovereign debt is
restricted or controlled to varying degrees, which may at times limit or preclude foreign investment in such sovereign debt and increase
the Fund&#8217;s costs and expenses. Certain issuers may require governmental approval for the repatriation of investment income, capital,
or the proceeds of sales of securities by foreign investors, and a government could impose temporary restrictions on foreign capital remittances.
The Fund could be adversely affected by delays in, or a refusal to grant, any required governmental approval for repatriation of capital,
as well as by the application to the Fund of any restrictions on investments. Investing in local markets may require the Fund to adopt
special procedures, seek local government approvals, and/or take other actions, each of which may involve additional costs.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Operational Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is exposed to operational risks arising
from a number of factors, including, but not limited to, human errors, processing and communication errors, errors of the Fund&#8217;s
service providers, counterparties or other third parties, failed or inadequate internal or external processes, and technology or systems
failures. The use of certain investment strategies that involve manual or additional processing, such as over-the-counter derivatives,
increases these risks. While service providers are required to have appropriate operational risk management policies and procedures, their
methods of operational risk management may differ from those of the Fund in the setting of priorities, the personnel and resources available
or the effectiveness of relevant controls. The Fund and the Adviser seek to reduce these operational risks through controls, procedures
and oversight. However, it is not possible to identify all of the operational risks that may affect the Fund or to develop processes and
controls that completely eliminate or mitigate the occurrence or effects of such failures. The Fund, including its performance and continued
operation, and its shareholders could be negatively impacted as a result.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Pledge of, Foreclosure on and Liquidation of
Fund Assets</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any assets of the Fund may be pledged to finance
other investments of the Fund. Shareholders may be at risk of loss due to borrowings used to finance other investments.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Portfolio Turnover Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s annual portfolio turnover rate
may vary greatly from year to year, as well as within a given year. Portfolio turnover rate is not considered a limiting factor in the
execution of investment decisions for the Fund. A higher portfolio turnover rate results in correspondingly greater brokerage commissions
and other transactional expenses that are borne by the Fund. High portfolio turnover may result in an increased realization of net short
term capital gains by the Fund which, when distributed to common shareholders, will be taxable as ordinary income. Additionally, in a
declining market, portfolio turnover may create realized capital losses.</p>


<!-- Field: Page; Sequence: 55; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Potential Conflicts of Interest of the Adviser
and Others</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The investment activities of the Adviser and its
affiliates, and their respective directors, officers or employees, in managing their own accounts and other accounts, may present conflicts
of interest that could disadvantage the Fund and its shareholders. The Adviser and its affiliates may engage in proprietary trading and
advise accounts and other funds that have investment objectives similar to those of the Fund and/or that engage in and compete for transactions
in the same or similar types of securities, currencies and other assets as are held by the Fund. Subject to the requirements of the Investment
Company Act, the Adviser and its affiliates intend to engage in such activities and may receive compensation from third parties for their
services. Neither the Adviser nor any affiliate is under any obligation to share any investment opportunity, idea or strategy with the
Fund. As a result, an affiliate may compete with the Fund for appropriate investment opportunities. The results of the Fund&#8217;s investment
activities, therefore, may differ from those of an affiliate and of other accounts managed by an affiliate. It is possible that the Fund
could sustain losses during periods in which one or more affiliates and other accounts achieve profits on their trading for proprietary
or other accounts. The opposite result is also possible. The Adviser has adopted policies and procedures designed to address potential
conflicts of interest.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Preferred Security Risk.</b>&#160;Preferred
security is a type of security that may pay dividends at a different rate than common stock of the same issuer, if at all, and that has
preference over common stock in the payment of dividends and the liquidation of assets. Preferred security does not ordinarily carry voting
rights. The price of a preferred security is generally determined by earnings, type of products or services, projected growth rates, experience
of management, liquidity, and general market conditions of the markets on which the security trades. The most significant risks associated
with investments in preferred security include issuer risk, market risk and interest rate risk (the risk of losses attributable to changes
in interest rates).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Private Credit Asset Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund intends to obtain exposure to select
less liquid or illiquid private credit investments. Typically, private credit investments are not traded in public markets and are illiquid,
such that the Fund may not be able to resell some of its holdings for extended periods, which may be several years, or at the price at
which the Fund is valuing its investments. The Fund may, from time to time or over time, focus its private credit investments in a particular
industry or sector or select industries or sectors. Investment performance of such industries or sectors may thus at times have an out-sized
impact on the performance of the Fund. Additionally, private credit investments can range in credit quality depending on security-specific
factors, including total leverage, amount of leverage senior to the security in question, variability in the issuer&#8217;s cash flows,
the size of the issuer, the quality of assets securing debt and the degree to which such assets cover the subject company&#8217;s debt
obligations. The issuers of private credit investment will often be leveraged, as a result of recapitalization transactions, and may not
be rated by national credit rating agencies. The Fund may also obtain exposure to private credit assets indirectly by investing in underlying
funds or other vehicles. Less information may be available with respect to private company investments and such investments offer limited
liquidity. Private companies are generally not subject to SEC reporting requirements, are not required to maintain their accounting records
in accordance with generally accepted accounting principles, and are not required to maintain effective internal controls over financial
reporting. As a result, there is risk that the Fund may invest on the basis of incomplete or inaccurate information, which may adversely
affect the Fund&#8217;s investment performance.</p>


<!-- Field: Page; Sequence: 56; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Private Companies Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may make direct private equity, venture
or other private investments in securities or other instruments issued by private companies or other private issuers. Operating results
for private companies/issuers in a specified period will be difficult to predict. Such investments involve a high degree of business and
financial risk that can result in substantial losses.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Private companies are generally not subject to
SEC reporting requirements, are not required to maintain their accounting records in accordance with generally accepted accounting principles
and are not required to maintain effective internal controls over financial reporting. As a result, the Adviser may not have timely or
accurate information about the business, financial condition and results of operations of the private companies in which the Fund invests.
There is risk that the Fund may invest on the basis of incomplete or inaccurate information, which may adversely affect the Fund&#8217;s
investment performance. Private companies in which the Fund may invest may have limited financial resources, shorter operating histories,
more asset concentration risk, narrower product lines and smaller market shares than larger businesses, which tend to render such private
companies more vulnerable to competitors' actions and market conditions, as well as general economic downturns. These companies generally
have less predictable operating results, may from time to time be parties to litigation, may be engaged in rapidly changing businesses
with products subject to a substantial risk of obsolescence, and may require substantial additional capital to support their operations,
finance expansion or maintain their competitive position. These companies may have difficulty accessing the capital markets to meet future
capital needs, which may limit their ability to grow or to repay their outstanding indebtedness upon maturity.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Typically, investments in private companies are
in restricted securities that are not traded in public markets and subject to substantial holding periods, so that the Fund may not be
able to resell some of its holdings for extended periods, which may be several years. There can be no assurance that the Fund will be
able to realize the value of private company investments in a timely manner.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Private companies are more likely to depend on
the management talents and efforts of a small group of persons; therefore, the death, disability, resignation or termination of one or
more of these persons could have a material adverse impact on the company. The Fund may hold a substantial number of non-controlling positions
in the private companies in which it invests. As a result, the Fund is subject to the risk that a company may make business decisions
with which the Fund disagrees, and that the management and/or stockholders of a portfolio company may take risks or otherwise act in ways
that are adverse to the Fund&#8217;s interests. Due to the lack of liquidity of such private investments, the Fund may not be able to
dispose of its investments in the event it disagrees with the actions of a private portfolio company and may therefore suffer a decrease
in the value of the investment. In addition, these investments are subject to valuation risk as they will be fair valued which is subject
to inherent uncertainty and thus, there is significant uncertainty that the Fund can realize such investments at value. At times the Fund
may be the majority investor in a portfolio company. In that event, the Fund may take actions in a manner that could disadvantage the
minority investors in such portfolio company. There is an increased risk that a minority investor could bring a claim in respect of such
actions, which may adversely impact the Fund&#8217;s investment, whether or not such claims are successfully defended.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in late-stage private companies involve
greater risks than investments in shares of companies that have traded publicly on an exchange for extended periods of time. These investments
may present significant opportunities for capital appreciation but involve a high degree of risk that may result in significant decreases
in the value of these investments. The Fund may not be able to sell such investments when the Adviser deems it appropriate to do so because
they are not publicly traded. As such, these investments are generally considered to be illiquid until a company&#8217;s public offering
(which may never occur) and are often subject to additional contractual restrictions on resale following any public offering that may
prevent the Fund from selling its shares of these companies for a period of time. Market conditions, developments within a company, investor
perception or regulatory decisions may adversely affect a late-stage private company and delay or prevent such a company from ultimately
offering its securities to the public. If a company does issue shares in an IPO, IPOs are risky and volatile and may cause the value of
the Fund&#8217;s investment to decrease significantly. Even after an IPO, shares may still be restricted, and may be sold only in a privately
negotiated transaction or pursuant to an exemption from registration. For example, Rule 144A under the Securities Act provides an exemption
from the registration requirements of the Securities Act for the resale of certain restricted securities to qualified institutional buyers,
such as the Fund. However, an insufficient number of qualified institutional buyers interested in purchasing the Rule 144A-eligible securities
that the Fund holds could affect adversely the marketability of certain Rule 144A securities, and the Fund might be unable to dispose
of such securities promptly or at reasonable prices. If adverse market conditions develop during this period, the Fund might obtain a
less favorable price than the price that prevailed when the Fund decided to sell. The Fund may be unable to sell restricted and other
illiquid investments at opportune times or prices.</p>


<!-- Field: Page; Sequence: 57; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Private Fund Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investing in private funds involves special risks,
including that private funds generally will not be registered as investment companies under the 1940 Act. Therefore, the Fund will not
have the benefit of the protections afforded by the 1940 Act to investors in registered investment companies, such as the limitations
applicable to the use of leverage and the requirements concerning custody of assets, composition of boards of trustees and approvals of
investment advisory arrangements. Private funds may, in some cases, concentrate their investments in a single industry or group of related
industries. This increases the sensitivity of their investments returns to economic factors affecting that industry or group of industries.
The Adviser may have little to no means of independently verifying information provided by a private fund and may use proprietary investment
strategies that are not fully disclosed to the Adviser, which may involve risks under some market conditions that are not anticipated
by the Adviser. Investment in private funds also is subject to illiquidity risks and valuation risks, which are described above. There
is also a risk that the private fund provides inaccurate valuations, and we may not be able to verify valuation information given to us
by the private fund. Private funds also typically charge asset-based management fees and typically are also entitled to receive performance-based
fees or allocations. As an investor in these funds, we would be subject to these fees and allocations, which would reduce the investment
returns of the Fund. These fees and allocations are in addition to the investment management fee the Fund pays to the Adviser. Further,
the performance-based fees or allocations to portfolio managers may create an incentive for portfolio managers to make investments that
are riskier or more speculative than those that might have been made in the absence of performance-based fees and allocations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Private Investments in Public Equity (PIPEs)
Risk</b>.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in PIPEs. PIPEs are equity
securities purchased in a private placement that are issued by issuers who have outstanding, publicly traded equity securities of the
same class. Shares in PIPEs are not registered with the SEC and may not be sold unless registered with the SEC or pursuant to an exemption
from registration. This restricted period can last many months. Until the public registration process is completed, the resale of the
PIPE shares is restricted and the Fund may sell the shares after six months, with certain restrictions, if the Fund is not an affiliate
of the issuer (under relevant securities law, a holder of restricted shares may sell the shares after 6 months if the holder is not affiliated
to the issuer).</p>


<!-- Field: Page; Sequence: 58; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Generally, such restrictions cause the PIPEs to
be illiquid during this time. If the issuer does not agree to register the PIPE shares, the shares will remain restricted, not be freely
tradable and may only be sold pursuant to an exemption from registration. Even if the PIPE shares are registered for resale, there is
no assurance that the registration will be in effect at the time the Fund elects to sell the shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Quota Share Notes, Excess of Loss Notes and
ILW Notes Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As Reinsurance Notes represent an interest, either
proportional or non-proportional, in one or more underlying reinsurance contracts, the Fund has limited transparency into the individual
underlying contract(s) and, therefore, must rely upon the risk assessment and sound underwriting practices of the sponsor. Accordingly,
it may be more difficult to fully evaluate the underlying risk profile of Reinsurance Notes, which may place the Fund&#8217;s assets at
greater risk of loss than if the Adviser had more complete information. The lack of transparency may also make the valuation of such investments
more difficult and potentially result in mispricing that could result in losses to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reference Rate Replacement Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may be exposed to financial instruments
that recently transitioned from, or continue to be tied to, the London Interbank Offered Rate (&#8220;LIBOR&#8221;) to determine payment
obligations, financing terms, hedging strategies or investment value.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The United Kingdom&#8217;s Financial Conduct Authority
(&#8220;FCA&#8221;), which regulates LIBOR, has ceased publishing all LIBOR settings. In April 2023, however, the FCA announced that some
USD LIBOR settings would continue to be published under a synthetic methodology until September 30, 2024 for certain legacy contracts.
After September 30, 2024, the remaining synthetic LIBOR settings ceased to be published, and all LIBOR settings have permanently ceased.
The Secured Overnight Financing Rate (&#8220;SOFR&#8221;) is a broad measure of the cost of borrowing cash overnight collateralized by
U.S. Treasury securities in the repurchase agreement (&#8220;repo&#8221;) market and has been used increasingly on a voluntary basis in
new instruments and transactions. Under U.S. regulations that implement a statutory fallback mechanism to replace LIBOR, benchmark rates
based on SOFR have replaced LIBOR in certain financial contracts.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Neither the effect of the LIBOR transition process
nor its ultimate success can yet be known. While some existing LIBOR-based instruments may contemplate a scenario where LIBOR is no longer
available by providing for an alternative rate-setting methodology, there may be significant uncertainty regarding the effectiveness of
any such alternative methodologies to replicate LIBOR. Not all existing LIBOR-based instruments may have alternative rate-setting provisions
and there remains uncertainty regarding the willingness and ability of issuers to add alternative rate-setting provisions in certain existing
instruments. Parties to contracts, securities or other instruments using LIBOR may disagree on transition rates or the application of
transition regulation, potentially resulting in uncertainty of performance and the possibility of litigation. The Fund may have instruments
linked to other interbank offered rates that may also cease to be published in the future.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Regulation and Government Intervention Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Federal, state, and other governments, their regulatory
agencies or self-regulatory organizations may take actions that affect the regulation of the issuers in which the Fund invests in ways
that are unforeseeable. Legislation or regulation may also change the way in which the Fund is regulated. Such legislation or regulation
could limit or preclude the Fund&#8217;s ability to achieve its investment objectives.</p>


<!-- Field: Page; Sequence: 59; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In light of popular, political and judicial focus
on finance related consumer protection, financial institution practices are also subject to greater scrutiny and criticism generally.
In the case of transactions between financial institutions and the general public, there may be a greater tendency toward strict interpretation
of terms and legal rights in favor of the consuming public, particularly where there is a real or perceived disparity in risk allocation
and/or where consumers are perceived as not having had an opportunity to exercise informed consent to the transaction. In the event of
conflicting interests between retail investors holding common shares of a closed-end investment company such as the Fund and a large financial
institution, a court may similarly seek to strictly interpret terms and legal rights in favor of retail investors.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may be affected by governmental action
in ways that are not foreseeable, and there is a possibility that such actions could have a significant adverse effect on the Fund and
its ability to achieve its investment objectives.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reinsurance Industry Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The performance of reinsurance-related securities
and the reinsurance industry itself are tied to the occurrence of various triggering events, including weather, natural disasters (hurricanes,
earthquakes, etc.), non-natural large catastrophes and other specified events causing physical and/or economic loss. If the likelihood
and severity of natural and other large disasters increase, the risk of significant losses to reinsurers may also increase. Typically,
one significant triggering event (even in a major metropolitan area) will not result in financial failure to a reinsurer. However, a series
of major triggering events could cause the failure of a reinsurer. Similarly, to the extent the Fund invests in reinsurance-related securities
for which a triggering event occurs, losses associated with such event could result in losses to the Fund&#8217;s investment, and a series
of major triggering events affecting a large portion of the reinsurance- related securities held by the Fund could result in substantial
losses to the Fund&#8217;s investment. In addition, unexpected events such as natural disasters or terrorist attacks could lead to government
intervention. Political, judicial and legal developments affecting the reinsurance industry could also create new and expanded theories
of liability or regulatory or other requirements; such changes could have a material adverse effect on the Fund&#8217;s investment.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The determination of the level of losses under
a reinsurance-related security may be a protracted process and the realizable value of these reinsurance-related securities, particularly
those with respect to which a loss event has occurred, will be delayed until the related collateral, if any, is released to the Fund and
any remaining associated liabilities are finally determined.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reliance on the Adviser Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is dependent upon services and resources
provided by the Adviser. The Adviser is not required to devote their full time to the business of the Fund and there is no guarantee or
requirement that any investment professional or other employee of the Adviser will allocate a substantial portion of his or her time to
the Fund. The loss of one or more individuals involved with the Adviser could have a material adverse effect on the performance or the
continued operation of the Fund. For additional information on the Adviser, see &#8220;Management of the Fund&#8212;Investment Adviser.&#8221;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reliance on Service Providers Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund must rely upon the performance of service
providers to perform certain functions, which may include functions that are integral to the Fund&#8217;s operations and financial performance.
Failure by any service provider to carry out its obligations to the Fund in accordance with the terms of its appointment, to exercise
due care and skill or to perform its obligations to the Fund at all as a result of insolvency, bankruptcy or other causes could have a
material adverse effect on the Fund&#8217;s performance and returns to shareholders. The termination of the Fund&#8217;s relationship
with any service provider, or any delay in appointing a replacement for such service provider, could materially disrupt the business of
the Fund and could have a material adverse effect on the Fund&#8217;s performance and returns to shareholders.</p>


<!-- Field: Page; Sequence: 60; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Risk Associated with Recent Market Events</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A significant increase in interest rates may cause
a further decline in the market for equity securities and could lead to a recession. Further, regulators have expressed concern that rate
increases may contribute to price volatility. The impact of inflation and the recent actions of the Federal Reserve have led to market
volatility and may negatively affect the value of debt instruments held by the Fund and result in a negative impact on the Fund&#8217;s
performance. See &#8220;&#8212;Inflation Risk.&#8221;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Governments and regulators may take actions that
affect the regulation of the Fund or the instruments in which the Fund invests, or the issuers of such instruments, in ways that are unforeseeable.
Future legislation or regulation or other governmental actions could limit or preclude the Fund&#8217;s abilities to achieve its investment
objectives or otherwise adversely impact an investment in the Fund. Political and diplomatic events within the United States, including
a contentious domestic political environment, changes in political party control of one or more branches of the U.S. Government, the U.S.
Government&#8217;s inability at times to agree on a long-term budget and deficit reduction plan, the threat of a U.S. Government shutdown,
and disagreements over, or threats not to increase, the U.S. Government&#8217;s borrowing limit (or &#8220;debt ceiling&#8221;), as well
as political and diplomatic events abroad, may affect investor and consumer confidence and may adversely impact financial markets and
the broader economy, perhaps suddenly and to a significant degree. A downgrade of the ratings of U.S. Government debt obligations, or
concerns about the U.S. Government&#8217;s credit quality in general, could have a substantial negative effect on the U.S. and global
economies. For example, concerns about the U.S. Government&#8217;s credit quality may cause increased volatility in the stock and bond
markets, higher interest rates, reduced prices and liquidity of U.S. Treasury securities, and/or increased costs of various kinds of debt.
Moreover, although the U.S. Government has honored its credit obligations, there remains a possibility that the United States could default
on its obligations. The consequences of such an unprecedented event are impossible to predict, but it is likely that a default by the
United States would be highly disruptive to the U.S. and global securities markets and could significantly impair the value of the Fund&#8217;s
investments.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Some countries, including the United States, have
adopted and/or are considering the adoption of more protectionist trade policies and/or a move away from tight financial industry regulations,
including but not limited to, direct capital infusions into companies, new monetary programs and dramatically lower interest rates, that
were previously adopted in response to serious economic disruptions. The exact shape of these policies is still being considered, but
the equity and debt markets may react strongly to expectations of change, which could increase volatility, especially if the market&#8217;s
expectations are not borne out and an unexpected or sudden reversal of these policies, could increase volatility in securities markets,
which could adversely affect the Fund&#8217;s investments or prevent the Fund from executing on advantageous investment opportunities
in a timely manner. A rise in protectionist trade policies, and the possibility of changes to some international trade agreements, could
affect the economies of many nations in ways that cannot necessarily be foreseen at the present time. In addition, geopolitical and other
risks, including environmental and public health, may add to instability in world economies and markets generally. Economies and financial
markets throughout the world are becoming increasingly interconnected. As a result, whether or not the Fund invests in securities of issuers
located in or with significant exposure to countries experiencing economic, political and/or financial difficulties, the value and liquidity
of the Fund&#8217;s investments may be negatively affected by such events.</p>


<!-- Field: Page; Sequence: 61; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Rule 144A and Other Exempted Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in privately placed and other
securities or instruments exempt from SEC registration (collectively &#8220;private placements&#8221;), subject to certain regulatory
restrictions. In the U.S. market, private placements are typically sold only to qualified institutional buyers, or qualified purchasers,
as applicable. An insufficient number of buyers interested in purchasing private placements at a particular time could adversely affect
the marketability of such investments and the Fund might be unable to dispose of them promptly or at reasonable prices, subjecting the
Fund to liquidity risk (the risk that it may not be possible for the Fund to liquidate the instrument at an advantageous time or price).
The Fund&#8217;s holdings of private placements may increase the level of Fund illiquidity if eligible buyers are unable or unwilling
to purchase them at a particular time. The Fund may also have to bear the expense of registering the securities for resale and the risk
of substantial delays in effecting the registration. Additionally, the purchase price and subsequent valuation of private placements typically
reflect a discount, which may be significant, from the market price of comparable securities for which a more liquid market exists. Issuers
of Rule 144A eligible securities are required to furnish information to potential investors upon request. However, the required disclosure
is much less extensive than that required of public companies and is not publicly available since the offering information is not filed
with the SEC. Further, issuers of Rule 144A eligible securities can require recipients of the offering information (such as the Fund)
to agree contractually to keep the information confidential, which could also adversely affect the Fund&#8217;s ability to dispose of
the security.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Secondary Investments</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may acquire shares or interests in private
companies from other shareholders (&#8220;Secondary Shares&#8221;). When the Fund purchases Secondary Shares, it may have little or no
direct access to financial or other information from the issuers of those securities. As a result, the Fund is dependent upon the relationships
and contacts of the Adviser and its investment professionals to obtain the information to perform research and due diligence and to monitor
the investments in Secondary Shares after they are made. There can be no assurance that the Adviser will be able to acquire adequate information
on which to make its investment decision with respect to any Secondary Share purchases, or that the information it is able to obtain is
accurate or complete. Any failure to obtain full and complete information regarding the issuers of such shares could cause the Fund to
lose part or all of its investment in Secondary Shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, while the Adviser may believe the
ability to acquire Secondary Shares or sell the Fund&#8217;s own private securities as Secondary Shares may provide valuable opportunities
for liquidity, there can be no assurance that there will be a market or liquidity for buying or selling Secondary Shares. The prices of
Secondary Shares may be subject to irregular trading activity, wide bid/ask spreads and extended trade settlement periods, which may result
in an inability for the Fund to acquire Secondary Shares at an attractive price or realize the full value on the sale of private securities
held by the Fund as Secondary Shares. In addition, wide swings in market prices, which are typical of irregularly traded securities, could
cause significant and unexpected declines in the value of the Fund. Further, prices in private secondary marketplaces, where limited information
is available, may not accurately reflect the true value of the securities sold in that market, and may overstate an issuer&#8217;s actual
value, which may cause the Fund to realize future losses on its investment in a private issuer.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in private companies, including through
private secondary marketplaces, also entail additional legal and regulatory risks that expose participants to the risk of liability due
to the imbalance of information among participants and participant qualification and other transactional requirements applicable to private
securities transactions, the non-compliance with which could result in rescission rights and monetary and other sanctions. The application
of these laws within the context of private secondary marketplaces and related market practices are still evolving, and, despite efforts
to comply with applicable laws, the Fund could be exposed to liability. The regulation of private secondary marketplaces is also evolving.
Additional state or federal regulation of these markets could result in limits on the operation of or activity on those markets. Conversely,
deregulation of these markets could make it easier for investors to invest directly in private companies and affect the competitiveness
for such investments. Private companies may also increasingly seek to limit secondary trading in their stock, such as through contractual
transfer restrictions, and provisions in company charter documents, investor rights of first refusal and co-sale and/or employment and
trading policies further restricting trading. To the extent that these or other developments result in reduced trading activity and/or
availability of private company shares, the Fund&#8217;s ability to find investment opportunities and to liquidate investments could be
adversely affected.</p>


<!-- Field: Page; Sequence: 62; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Sector Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At times, the Fund may have a significant portion
of its assets invested in securities of companies conducting business within one or more economic sectors. Companies in the&#160;same
sector may be similarly affected by economic, regulatory, political or market events or conditions, which may make the Fund more vulnerable
to unfavorable developments in that sector than funds that invest more broadly. Generally, the more broadly the Fund invests, the more
it spreads risk and potentially reduces the risks of loss and volatility.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Senior Loan Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Senior loans and interests in other bank loans
may not be readily marketable and may be subject to restrictions on resale. Senior loans and other bank loans may not be considered &#8220;securities,&#8221;
and investors in these loans may not be entitled to rely on anti-fraud and other protections under the federal securities laws. In some
cases, negotiations involved in disposing of indebtedness may require weeks to complete. Consequently, some indebtedness may be difficult
or impossible to dispose of readily at what the Adviser believes to be a fair price. In addition, valuation of illiquid indebtedness involves
a greater degree of judgment in determining the Fund&#8217;s NAV than if that value were based on available market quotations, and could
result insignificant variations in the Fund&#8217;s daily NAV. At the same time, some loan interests are traded among certain financial
institutions and accordingly may be deemed liquid. Further, the settlement period (the period between the execution of the trade and the
delivery of cash to the purchaser) for some senior loans and other bank loans transactions may be significantly longer than the settlement
period for other investments, and in some case may take longer than seven days.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Short Selling Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The extent to which the Fund engages in short
sales will depend upon the Adviser's investment strategy and opportunities. A short sale creates the risk of a theoretically unlimited
loss, in that the price of the underlying security could theoretically increase without limit, thus increasing the cost to the Fund of
buying those securities to cover the short position. There can be no assurance that the Fund will be able to maintain the ability to borrow
securities sold short. In such cases, the Fund can be &#8220;bought in&#8221; (i.e., forced to repurchase securities in the open market
to return to the lender). There also can be no assurance that the securities necessary to cover a short position will be available for
purchase at or near prices quoted in the market, and such risk may be exacerbated to the extent that such securities are thinly traded
or illiquid. Purchasing securities to close out a short position can itself cause the price of the securities to rise further, thereby
exacerbating the loss. It may also be impossible for the Fund to borrow securities at the most desirable time to make a short sale, particularly
in illiquid securities markets.</p>


<!-- Field: Page; Sequence: 63; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the prices of securities sold short increase,
the Fund will likely be required to provide additional funds or collateral to maintain the short positions. This could require the Fund
to liquidate other investments to provide additional margin, and those liquidations might not be at favorable prices. A short sale involves
the risk of a theoretically unlimited loss, in that the price of the underlying security could theoretically increase without limit, thus
increasing the cost to the Fund of buying those securities to cover the short position or resulting in the inability of the Fund to cover
the short position.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Special Purpose Acquisition Companies Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Capital raised through the initial public offering
of securities of a SPAC is typically placed into a trust account until acquired business combination is completed or a predetermined period
of time (typically 24 months) elapses. Investors in a SPAC would receive a return on their investment in the event that a target company
is acquired and the combined publicly-traded company's shares trade above the SPAC's initial public offering (&#8220;IPO&#8221;) price,
or alternatively, the market price at which an investor acquired a SPAC's shares subsequent to its IPO. In the event that a SPAC is unable
to locate and acquire a target business by the timeframe established at the time of its IPO, the SPAC would be forced to liquidate its
assets, which may result in losses due to the expenses and liabilities of the SPAC, to the extent third-parties are permitted to bring
claims against IPO proceeds held in the SPAC's trust account. Investors in a SPAC are subject to the risk that, among other things, (i)
such SPAC may not be able to complete a qualifying business combination by the deadline established at the time of its IPO, (ii) assets
in the trust account may become subject to third-party claims against such SPAC, which may reduce the per share liquidation value received
by the investors in the SPAC in the event it fails to complete a business combination within the required time period, (iii) such SPAC
may be exempt from the rules promulgated by the SEC to protect investors in &#8220;blank check&#8221; companies, such as Rule 419 promulgated
under the Securities Act, so that investors in such SPAC may not be afforded the benefits or protections of those rules, (iv) such SPAC
will likely only complete one business combination, which will cause its returns and future prospects to be solely dependent on the performance
of a single acquired business, (v) the value of any target business, including its stock price as a public company, may decrease following
its acquisition by such SPAC, (vi) the value of the funds invested and held in the trust account may decline, (vii) the inability to redeem
due to the failure to hold the securities in the SPAC on the applicable record date to do so, and (viii) if the SPAC is unable to consummate
a business combination, public stockholders will be forced to wait until the deadline before liquidating distributions are made. The Fund
may invest in a SPAC that, at the time of investment, has not selected or approached any prospective target businesses with respect to
a business combination. In such circumstances, there may be limited basis for the Fund to evaluate the possible merits or risks of such
SPAC's investment in any particular target business. In addition, to the extent that a SPAC completes a business combination, it may be
affected by numerous risks inherent in the business operations of the acquired company or companies. For these and additional reasons,
investments in SPACs are speculative and involve a high degree of risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From time to time, the Adviser may receive material
non-public information with respect to a particular SPAC or other issuer of publicly traded securities. In particular, to the extent the
Fund is party to a forward purchase agreement, a SPAC will typically be required to advise the Fund with respect to developments in its
search for possible target businesses. In such circumstances, the Fund may be prohibited, by law, policy or contract, for a period of
time from (i) unwinding a position in such issuer, (ii) establishing an initial position or taking any greater position in such issuer,
and (iii) pursuing other investment opportunities related to such issuer.</p>


<!-- Field: Page; Sequence: 64; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Sovereign Debt Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund expects to buy and sell sovereign debt.
Several factors may affect (i) the ability of a government, its agencies, instrumentalities or its central bank to make payments on the
debt it has issued (&#8220;Sovereign Debt&#8221;), including securities that the Adviser believes are likely to be included in restructurings
of the external debt obligations of the issuer in question, (ii) the market value of such debt and (iii) the inclusion of Sovereign Debt
in future restructurings, including such issuer&#8217;s (x) balance of trade and access to international financing, (y) cost of servicing
such obligations, which may be affected by changes in international interest rates, and (z) level of international currency reserves,
which may affect the amount of non U.S. exchange available for external debt payments. Significant ongoing uncertainties and exposure
to adverse conditions may undermine the issuer&#8217;s ability to make timely payment of interest and principal, and issuers may default
on their Sovereign Debt.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Structured Instruments Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in structured instruments,
including, structured notes, credit-linked notes and other types of structured instruments. Holders of structured instruments bear risks
of the underlying investments, index or reference obligation and are subject to counterparty risk. The Fund may have the right to receive
payments only from the structured instrument, and generally does not have direct rights against the issuer or the entity that sold the
assets to be securitized. While certain structured instruments enable the investor to acquire interests in a pool of securities without
the brokerage and other expenses associated with directly holding the same securities, investors in structured instruments generally pay
their share of the structured instrument&#8217;s administrative and other expenses. Although it is difficult to predict whether the prices
of indices and securities underlying structured instruments will rise or fall, these prices (and, therefore, the prices of structured
instruments) are generally influenced by the same types of political and economic events that affect issuers of securities and capital
markets generally. If the issuer of a structured instrument uses shorter term financing to purchase longer term securities, the issuer
may be forced to sell its securities at below market prices if it experiences difficulty in obtaining such financing, which may adversely
affect the value of the structured instruments owned by the Fund. Structured instruments generally entail risks associated with derivative
instruments.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Systemic Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Systemic risk is the risk of broad financial system
stress or collapse triggered by the default of one or more financial institutions, which results in a series of defaults by other interdependent
financial institutions. Financial intermediaries, such as clearinghouses, banks, securities firms and exchanges with which the Fund interacts,
as well as the Fund, are all subject to systemic risk. A systemic failure could have material adverse consequences on the Fund and on
the markets for the securities in which the Fund seeks to invest.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Valuation Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is subject to valuation risk, which is
the risk that one or more of the securities in which the Fund invests are valued at prices that the Fund is unable to obtain upon sale
due to factors such as incomplete data, market instability or human error. The Adviser may use an independent pricing service or prices
provided by dealers to value securities at their market value. Because the secondary markets for certain investments may be limited, such
instruments may be difficult to value. See &#8220;Net Asset Value.&#8221; When market quotations are not available, the Adviser may price
such investments pursuant to a number of methodologies, such as computer-based analytical modeling or individual security evaluations.
These methodologies generate approximations of market values, and there may be significant professional disagreement about the best methodology
for a particular type of financial instrument or different methodologies that might be used under different circumstances. In the absence
of an actual market transaction, reliance on such methodologies is essential, but may introduce significant variances in the ultimate
valuation of the Fund&#8217;s investments. Technological issues and/or errors by pricing services or other third-party service providers
may also impact the Fund&#8217;s ability to value its investments and the calculation of the Fund&#8217;s NAV.</p>


<!-- Field: Page; Sequence: 65; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">When market quotations are not readily available
or are believed by the Adviser to be unreliable, the Adviser will fair value the Fund&#8217;s investments in accordance with its policies
and procedures. Fair value represents a good faith approximation of the value of an asset or liability. The fair value of an asset or
liability held by the Fund is the amount the Fund might reasonably expect to receive from the current sale of that asset or the cost to
extinguish that liability in an arm&#8217;s length transaction. Fair value pricing may require determinations that are inherently subjective
and inexact about the value of a security or other asset. As a result, there can be no assurance that fair value priced assets will not
result in future adjustments to the prices of securities or other assets, or that fair value pricing will reflect a price that the Fund
is able to obtain upon sale, and it is possible that the fair value determined for a security or other asset will be materially different
from quoted or published prices, from the prices used by others for the same security or other asset and/or from the value that actually
could be or is realized upon the sale of that security or other asset. For example, the Fund&#8217;s NAV could be adversely affected if
the Fund&#8217;s determinations regarding the fair value of the Fund&#8217;s investments were materially higher than the values that the
Fund ultimately realizes upon the disposal of such investments. Where market quotations are not readily available, valuation may require
more research than for more liquid investments. In addition, elements of judgment may play a greater role in valuation in such cases than
for investments with a more active secondary market because there is less reliable objective data available.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because of overall size, duration and maturities
of positions held by the Fund, the value at which its investments can be liquidated may differ, sometimes significantly, from the interim
valuations obtained by the Fund. In addition, the timing of liquidations may also affect the values obtained on liquidation. Securities
held by the Fund may routinely trade with bid-offer spreads that may be significant. There can be no guarantee that the Fund&#8217;s investments
could ultimately be realized at the Fund&#8217;s valuation of such investments. In addition, the Fund&#8217;s compliance with the asset
diversification tests applicable to regulated investment companies depends on the fair market values of the Fund&#8217;s assets, and,
accordingly, a challenge to the valuations ascribed by the Fund could affect its ability to comply with those tests or require it to pay
penalty taxes in order to cure a violation thereof.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s NAV per common share is a critical
component in several operational matters including computation of advisory and services fees.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Consequently, variance in the valuation of the
Fund&#8217;s investments will impact, positively or negatively, the fees and expenses shareholders will pay.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Venture Capital Investments</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may make &#8220;venture capital&#8221;
investments in private companies which are subject to significant additional risks, including that the venture capital investments typically
have limited operating history, are attempting to develop or commercialize unproven technologies or to implement novel business plans
or are not otherwise developed sufficiently to be self-sustaining financially or to become public. The public market for startup and emerging
growth companies is volatile. Such volatility may adversely affect the development of portfolio companies, the ability of the Fund to
dispose of investments, and the value of investment securities on the date of sale or distribution by the Fund. In particular, the receptiveness
of the public market to initial public offerings by the Fund&#8217;s portfolio companies may vary dramatically from period to period.
An otherwise successful portfolio company may yield poor investment returns if it is unable to consummate an initial public offering at
the proper time. Even if a portfolio company effects a successful public offering, the portfolio company&#8217;s securities may be subject
to contractual &#8220;lock-up,&#8221; securities law or other restrictions, which may, for a material period of time, prevent the Fund
from disposing of such securities. Although these investments may offer the opportunity for significant gains, such investments involve
a high degree of business and financial risk that can result in substantial losses, which risks generally are greater than the risks of
investing in public or private companies that may be at a later stage of development. There can be no guarantee that any portfolio company
investment will result in a liquidity event via public offering, merger, acquisition or otherwise. Generally, the investments made by
the Fund will be illiquid and difficult to value, and there will be little or no collateral to protect an investment once made.</p>


<!-- Field: Page; Sequence: 66; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Volatile Markets Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The prices of financial instruments in which the
Fund may invest can be volatile. Price movements of forward and other derivative contracts in which the Fund's assets may be invested
are influenced by, among other things, interest rates, changing supply and demand relationships, trade, fiscal, monetary and exchange
control programs and policies of governments, and national and international political and economic events and policies. The Fund is subject
to the risk of failure of any of the exchanges on which its positions trade or of their clearinghouses. There can be no assurance that
the Fund will not suffer material adverse effects from broad and rapid changes in market conditions. Recent market conditions have shown
that markets can quickly change at times or in ways that are difficult for the Adviser to predict, so even a well analyzed investment
approach may not protect the Fund from significant losses under certain market conditions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Warrants and Rights Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Warrants are securities giving the holder the
right, but not the obligation, to buy the stock of an issuer at a given price (generally higher than the value of the stock at the time
of issuance) during a specified period or perpetually. Warrants may be acquired separately or in connection with the acquisition of securities.
Warrants do not carry with them the right to dividends or voting rights and they do not represent any rights in the assets of the issuer.
Warrants are subject to the risks associated with the security underlying the warrant, including market risk. Warrants may expire unexercised
and subject the Fund to liquidity risk (the risk that it may not be possible for the Fund to liquidate the instrument at an advantageous
time or price), which may result in Fund losses. Rights are available to existing shareholders of an issuer to enable them to maintain
proportionate ownership in the issuer by being able to buy newly issued shares. Rights allow shareholders to buy the shares below the
current market price. Rights are typically short-term instruments that are valued separately and trade in the secondary market during
a subscription (or offering) period. Holders can exercise the rights and purchase the stock, sell the rights or let them expire. Their
value, and their risk of investment loss, is a function of that of the underlying security.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>When-Issued, Forward Commitment and Delayed
Delivery Transactions Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may purchase securities on a when-issued
basis (including on a forward commitment or &#8220;TBA&#8221; (to be announced) basis) and may purchase or sell securities for delayed
delivery. When-issued and delayed delivery transactions occur when securities are purchased or sold by the Fund with payment and delivery
taking place in the future to secure an advantageous yield or price. Securities purchased on a when-issued or delayed delivery basis may
expose the Fund to counterparty risk of default as well as the risk that securities may experience fluctuations in value prior to their
actual delivery. The Fund will not accrue income with respect to a when-issued or delayed delivery security prior to its stated delivery
date. Purchasing securities on a when-issued or delayed delivery basis can involve the additional risk that the price or yield available
in the market when the delivery takes place may not be as favorable as that obtained in the transaction itself.</p>


<!-- Field: Page; Sequence: 67; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">MANAGEMENT OF
THE FUND</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Trustees and Officers</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board is responsible for the overall management
of the Fund, including supervision of the duties performed by the Adviser. There are five Trustees. A majority of the Trustees are Independent
Trustees of the Fund. The name and business address of the Trustees and officers of the Fund and their principal occupations and other
affiliations during the past five years are set forth under &#8220;Management of the Fund&#8221; in the SAI.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investment Adviser</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Adviser is a registered investment adviser
and is responsible for the management of the Fund&#8217;s portfolio and provides the necessary personnel, facilities, equipment and certain
other services necessary to the operation of the Fund. Subject to the oversight of the Board, the Adviser manages the day-to-day operations
of the Fund, determining what securities and other investments the Fund should buy or sell and executing portfolio transactions. The Adviser
may use the research and other capabilities of affiliates and third parties in managing the Fund&#8217;s investments. At present, the
Adviser has not engaged any investment sub-adviser for the Fund. The Adviser is located at 405 Lexington Avenue, 58<sup>th</sup> Floor,
New York, New York 10174.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of April 1, 2025, the Adviser&#8217;s assets
under management were approximately $5.88 billion. The Adviser focuses on credit relative value, tail hedge, and closed-end funds. The
Adviser&#8217;s investors are predominantly institutions and include corporate pensions, public pensions, foundations, fund of funds,
endowments, and family offices.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Portfolio Managers</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The members of the portfolio management team who
are primarily responsible for the day-to-day management of the Fund&#8217;s portfolio are as follows:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Boaz Weinstein is the Founder and Chief Investment
Officer of the Adviser. Previously, Mr. Weinstein worked at Deutsche Bank for 11 years, the last eight as Managing Director. In 2008,
Mr. Weinstein became the Co-Head of Global Credit Trading of Deutsche Bank. Mr. Weinstein was also a member of the Global Markets Executive
Committee. Mr. Weinstein began his investment career in 1995 at Merrill Lynch and worked at Donaldson Lufkin &amp; Jenrette prior to joining
Deutsche Bank.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Paul Kazarian joined the Adviser in March 2013
and is responsible for exchange traded products, including ETF arbitrage and closed-end funds. Prior to March 2013, Mr. Kazarian was a
Director at RBC Capital Markets in the Global Arbitrage and Trading Group from 2007-2013. While there, Mr. Kazarian was responsible for
the development and management of the Fixed Income ETF Group and also responsible for overseeing other ETF and index strategies. Prior
to RBC, Mr. Kazarian worked as a technology analyst at Merrill Lynch from 2006-2007. Mr. Kazarian holds a BA in Political Science from
Bates College.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Weinstein and Mr. Kazarian are supported by
a team of other investment professionals that focus on various parts of the Fund&#8217;s broad investment strategy.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The SAI provides additional information about
each portfolio manager&#8217;s compensation, other accounts managed by the portfolio management team and the ownership of the Fund&#8217;s
securities by each portfolio manager.</p>


<!-- Field: Page; Sequence: 68; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investment Management Agreement</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to an investment management agreement
between the Adviser and the Fund (the &#8220;Investment Management Agreement&#8221;), the Fund has agreed to pay the Adviser a monthly
management fee at an annual rate equal to 1.05% of the average daily value of the Fund&#8217;s Managed Assets. &#8220;Managed Assets&#8221;
means the Fund&#8217;s average daily gross asset value, minus the sum of the Fund&#8217;s accrued and unpaid dividends on any outstanding
preferred shares and accrued liabilities (other than liabilities for the principal amount of any borrowings incurred, commercial paper
and notes issued by the Fund and the liquidation preference of any outstanding preferred shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A discussion regarding the basis for the approval
of the Investment Management Agreement by the Board is available in the Fund&#8217;s semi-annual report to shareholders for the period
ended April 30, 2024.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except as otherwise described in this Prospectus,
the Fund pays, in addition to the fees paid to the Adviser, all other costs and expenses of its operations, including compensation of
its Trustees (other than those affiliated with the Adviser), custodian, leveraging expenses, transfer and dividend disbursing agent expenses,
legal fees, rating agency fees, listing fees and expenses, expenses of independent auditors, expenses of repurchasing shares, expenses
of preparing, printing and distributing shareholder reports, notices, proxy statements and reports to governmental agencies and taxes,
if any.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund and the Adviser have entered into the
Expense Limitation Agreement, pursuant to which the Adviser has agreed to limit expenses, excluding interest, taxes, investor relations
services, other investment-related costs, leverage expenses, extraordinary expenses, other expenses not incurred in the ordinary course
of the Fund&#8217;s business, and expenses of any counsel or other persons or services retained by the Fund&#8217;s Independent Trustees,
to 1.05% of Managed Assets plus 0.30% of average daily net assets. For the year ended October 31, 2024, $982,139 fees were waived and
reimbursed. The Adviser may, at a later date, recoup from the Fund fees waived and/or other expenses reimbursed by the Adviser during
the previous 36 months, but only if, after such recoupment, the Fund&#8217;s expense ratio does not exceed the percentage described above.
For the year ended October 31, 2024, none of the fees waived were recouped. The current Expense Limitation Agreement expires on July 1,
2025 and automatically renews for one-year terms. The Expense Limitation Agreement may be terminated or modified at any time, upon approval
of the Board.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Administration, Accounting, and Transfer
Agent Services</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ALPS Fund Services, Inc. (&#8220;SS&amp;C ALPS&#8221;)
provides certain administration, accounting, and transfer agent services to the Fund pursuant to an Administration and Fund Accounting
Services Agreement (the &#8220;Administration Agreement&#8221;). Pursuant to the Administration Agreement, SS&amp;C ALPS provides the
Fund with, among other things, customary fund accounting services, including computing the Fund&#8217;s NAV and maintaining books, records
and other documents relating to the Fund&#8217;s financial and portfolio transactions, customary fund administration services, including
assisting the Fund with regulatory filings, tax compliance and other oversight activities, and customary transfer agent services. For
these and other services it provides to the Fund, SS&amp;C ALPS is paid a fee equal to an annual rate of [&#9679;]% of the Fund&#8217;s
net assets. The principal business address of SS&amp;C ALPS is 1290 Broadway Suite 1000 Denver, CO 80203.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The custodian of the assets of the Fund is the
Bank of New York Mellon, whose principal business address is 240 Greenwich Street, New York, NY 10286. The custodian is responsible for,
among other things, receipt of and disbursement of funds from the Fund&#8217;s accounts, establishment of segregated accounts as necessary,
and transfer, exchange and delivery of Fund portfolio securities.</p>


<!-- Field: Page; Sequence: 69; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Independent Registered Public Accounting
Firm</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">[&#9679;], whose principal business address is
[&#9679;], is the independent registered public accounting firm of the Fund and is expected to render an opinion annually on the financial
statements of the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">NET ASSET VALUE</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The NAV of the Fund&#8217;s common shares will
be computed based upon the value of the Fund&#8217;s portfolio securities and other assets. NAV per common share will be determined as
of the close of the regular trading session on the NYSE on each business day on which the NYSE is open for trading. The Fund calculates
NAV per common share by dividing the value of the Fund&#8217;s assets plus all cash and other assets (including accrued expenses but excluding
capital and surplus) attributable to the common shares by the number of common shares outstanding.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Valuation of securities held by the Fund is as
follows:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Equity Investments</i>. Equity securities traded
on a recognized securities exchange (e.g., NYSE), on separate trading boards of a securities exchange or through a market system that
provides contemporaneous transaction pricing information (each, an &#8220;Exchange&#8221;) are valued using information obtained via independent
pricing services generally at the Exchange closing price or if an Exchange closing price is not available, the last traded price on that
Exchange prior to the time as of which the assets or liabilities are valued. However, under certain circumstances, other means of determining
current market value may be used. If an equity security is traded on more than one Exchange, the current market value of the security
where it is primarily traded generally will be used. In the event that there are no sales involving an equity security held by the Fund
on a day on which the Fund values such security, the last bid (long positions) or ask (short positions) price, if available, will be used
as the value of such security. If the Fund holds both long and short positions in the same security, the last bid price will be applied
to securities held long and the last ask price will be applied to securities sold short. If no bid or ask price is available on a day
on which the Fund values such security, the prior day&#8217;s price will be used, unless the Adviser determines that such prior day&#8217;s
price no longer reflects the fair value of the security, in which case such asset would be treated as a Fair Value Asset (as defined below).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Fixed-Income Investments</i>. Investments for
which market quotations are readily available are valued at fair market value. Securities (including common stock, closed end funds, investment
trusts, preferred stock, unit trusts and SPACs) listed or traded on an exchange are valued at their last sales price or official closing
price as of the close of the regular trading session on the exchange where the particular security at the last sale price as of the market
close for such security provided by the Consolidated Tape Association (&#8220;CTA&#8221;). Investments in money market funds are valued
at NAV, which approximates fair market value. The private fund investments are valued at the NAV reported by the private funds&#8217;
general partner or investment adviser. This is commonly referred to as using NAV as the practical expedient which allows for estimation
of the fair value of an investment in an investment entity based on NAV or its equivalent if the NAV of the investment entity is calculated
in a manner consistent with the Accounting Standards Codification (&#8220;ASC&#8221;) 946. Because of the inherent uncertainty of valuations
of the investments in the private funds, their estimated values may differ significantly from the values that would have been used had
a ready market for the private funds existed, and the differences could be material. Corporate bonds, convertible corporate bonds, mortgage-backed
securities, sovereign debt obligations and senior loans are valued at mid-level prices provided by independent pricing services. Exchange
traded derivatives such as warrants, rights, options and futures contracts are valued at last sales price on the valuation date or, if
such price is not available, the mean between the last bid and ask prices (the &#8220;mid-price&#8221;) from the exchange on which they
are principally traded. Non-exchange traded derivatives whose underlying reference assets are exchanged traded products (such as total
return swaps) are fair valued using the last sales price or mid-price of the underlying reference asset. Other non-exchange traded derivatives
(such as credit default swaps) are valued by independent pricing services, which use various techniques including industry standard pricing
models, to determine the fair value of those instruments. Investments for which market quotations are not readily available (including
common stock, preferred stock, participation agreements, SPACs, warrants and simple agreement for future equity contracts) are valued
by third-party valuation specialists or at cost, which approximates fair market value.</p>


<!-- Field: Page; Sequence: 70; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Options, Futures, Swaps and Other Derivatives</i>.
Exchange-traded equity options for which market quotations are readily available are valued at the mean of the last bid and ask prices
as quoted on the exchange or the board of trade on which such options are traded. In the event that there is no mean price available for
an exchange traded equity option held by the Fund on a day on which the Fund values such option, the last bid (long positions) or ask
(short positions) price, if available, will be used as the value of such option. If no bid or ask price is available on a day on which
the Fund values such option, the prior day&#8217;s price will be used, unless the Adviser determines that such prior day&#8217;s price
no longer reflects the fair value of the option, in which case such option will be treated as a fair value asset. OTC derivatives may
be valued using a mathematical model which may incorporate a number of market data factors. Financial futures contracts and options thereon,
which are traded on exchanges, are valued at their last sale price or settle price as of the close of such exchanges. Swap agreements
and other derivatives are generally valued daily based upon quotations from market makers or by a pricing service in accordance with the
Valuation Policy (as defined below).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Underlying Funds</i>. Shares of underlying
open-end funds (including money market funds) are valued at the NAV reported by the funds. Shares of underlying exchange-traded closed-end
funds and ETFs will be valued at their most recent closing price.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>General Valuation Information</i>. In determining
the market value of portfolio investments, the Fund may employ independent third party pricing services, which may use, without limitation,
a matrix or formula method that takes into consideration market indexes, matrices, yield curves and other specified inputs and assumptions.
This may result in the assets being valued at a price different from the price that would have been determined had the matrix or formula
method not been used. The price the Fund could receive upon the sale of any particular portfolio investment may differ from the Fund&#8217;s
valuation of the investment, particularly for assets that trade in thin or volatile markets or that are valued using a fair valuation
methodology or a price provided by an independent pricing service. As a result, the price received upon the sale of an investment may
be less than the value ascribed by the Fund, and the Fund could realize a greater than expected loss or lesser than expected gain upon
the sale of the investment. The Fund&#8217;s ability to value its investments may also be impacted by technological issues and/or errors
by pricing services or other third party service providers.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All cash, receivables and current payables are
carried on the Fund&#8217;s books at their fair value.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Prices obtained from independent third party pricing
services, broker-dealers or market makers to value the Fund&#8217;s securities and other assets and liabilities are based on information
available at the time the Fund values its assets and liabilities. In the event that a pricing service quotation is revised or updated
subsequent to the day on which the Fund valued such security, the revised pricing service quotation generally will be applied prospectively.
Such determination will be made considering pertinent facts and circumstances surrounding the revision.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event that application of the methods of
valuation discussed above result in a price for a security which is deemed not to be representative of the fair market value of such security,
the security will be valued by, under the direction of or in accordance with a method approved by the Adviser, the Fund&#8217;s valuation
designee, as reflecting fair value. All other assets and liabilities (including securities for which market quotations are not readily
available) held by the Fund (including restricted securities) are valued at fair value as determined in good faith by the Adviser pursuant
to the Valuation Policy. Any assets and liabilities which are denominated in a foreign currency are translated into U.S. dollars at the
prevailing market rates.</p>


<!-- Field: Page; Sequence: 71; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain of the securities acquired by the Fund
may be traded on foreign exchanges or OTC markets on days on which the Fund&#8217;s NAV is not calculated. In such cases, the NAV of the
Fund&#8217;s common shares may be significantly affected on days when investors can neither purchase nor sell shares of the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Fair Value</i>. Investments held by the Fund
are recorded at fair value in accordance with ASC 820, &#8220;Fair Value Measurements and Disclosures&#8221; (&#8220;ASC 820&#8221;).
As defined in ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. In accordance with Rule 2a-5 promulgated under the Investment Company Act, the Board
has appointed the Adviser as the Fund&#8217;s valuation designee. In that role, it has established a Valuation Committee (the &#8220;Committee&#8221;)
that oversees the valuation of the Fund&#8217;s investments pursuant to procedures adopted by the Adviser (the &#8220;Valuation Policy&#8221;).
Under Rule 2a-5, the Board has assigned to the Adviser general responsibility for determining, in accordance with the Valuation Policy,
the value of its investments. The Committee is led by the Adviser&#8217;s Chief Financial Officer and other senior executives of the Adviser.
Additionally, the Adviser&#8217;s portfolio managers, whose roles are limited to providing insight into recent trade activity and overall
market performance, are also members of the Committee. The majority of Committee members are independent of the Fund&#8217;s portfolio
investment decisions. The Committee meets on a monthly basis and is responsible for compliance and consistent application of the Valuation
Policy.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The fair value of one or more assets or liabilities
may not, in retrospect, be the price at which those assets or liabilities could have been sold during the period in which the particular
fair values were used in determining the Fund&#8217;s NAV. As a result, the Fund&#8217;s sale or repurchase of its shares at NAV, at a
time when a holding or holdings are valued at fair value, may have the effect of diluting or increasing the economic interest of existing
shareholders.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s annual audited financial statements,
which are prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;US GAAP&#8221;),
follow the requirements for valuation set forth in ASC 820, which defines and establishes a framework for measuring fair value under US
GAAP and expands financial statement disclosure requirements relating to fair value measurements.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Generally, ASC 820 and other accounting rules
applicable to funds and various assets in which they invest are evolving. Such changes may adversely affect the Fund. For example, the
evolution of rules governing the determination of the fair market value of assets or liabilities, to the extent such rules become more
stringent, would tend to increase the cost and/or reduce the availability of third-party determinations of fair market value. This may
in turn increase the costs associated with selling assets or affect their liquidity due to the Fund&#8217;s inability to obtain a third-party
determination of fair market value.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">DISTRIBUTIONS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund has, with the approval of the Board,
adopted a managed distribution plan (the &#8220;Managed Distribution Plan&#8221;), pursuant to which the Fund will make monthly distributions
to shareholders at a fixed amount of $0.085 per share. This fixed distribution amount excludes any special dividends, which are not paid
pursuant to the Managed Distribution Plan.</p>


<!-- Field: Page; Sequence: 72; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund will generally distribute amounts necessary
to satisfy the Managed Distribution Plan and the requirements prescribed by excise tax rules and Subchapter M of the Code. The Managed
Distribution Plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month
and is intended to narrow the discount between the market price and the NAV of the Fund&#8217;s common shares, but there is no assurance
that the Managed Distribution Plan will be successful in doing so. No conclusions should be drawn about the Fund&#8217;s investment performance
from the amount of the Fund&#8217;s distribution or from the terms of the Managed Distribution Plan.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the Managed Distribution Plan, to the extent
that sufficient investment income is not available on a monthly basis, the Fund will distribute capital gains and/or return of capital
in order to maintain its managed distribution rate. A return of capital may occur, for example, when some or all of the money that was
invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund&#8217;s investment
performance and should not be confused with &#8220;yield&#8221; or &#8220;income&#8221;.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Managed Distribution Plan provides that the
Board may amend the terms of the Managed Distribution Plan or terminate the Managed Distribution Plan at any time without prior notice
to Fund shareholders; however, at this time, there are no reasonably foreseeable circumstances that might cause the Fund to terminate
the Managed Distribution Plan. An amendment or termination of the Managed Distribution Plan could have an adverse effect on the market
price of the Fund&#8217;s common shares. The Managed Distribution Plan will be subject to the periodic review by the Board, including
a yearly review of the annual minimum fixed rate to determine if an adjustment should be made.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Various factors will affect the level of the Fund&#8217;s
income, including the asset mix and the Fund&#8217;s use of hedging. To permit the Fund to maintain a more stable monthly distribution,
the Fund may from time to time distribute less than the fixed distribution amount. The undistributed income would be available to supplement
future distributions. As a result, the distributions paid by the Fund for any particular monthly period may be more or less than the fixed
distribution amount. Undistributed income will add to the Fund&#8217;s NAV and, correspondingly, distributions from undistributed income
will deduct from the Fund&#8217;s NAV.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under normal market conditions, the Adviser seeks
to manage the Fund in a manner such that the Fund&#8217;s distributions are reflective of the Fund&#8217;s current and projected earnings
levels. The distribution level of the Fund is subject to change based upon a number of factors, including the current and projected level
of the Fund&#8217;s earnings, and may fluctuate over time.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">REINVESTMENT PROGRAM</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund maintains a Shareholder Reinvestment
Program (the &#8220;Reinvestment Program&#8221;) that allows participating shareholders to reinvest dividends in additional common shares
of the Fund. Pursuant to the Reinvestment Program, ALPS Fund Services, Inc. (the &#8220;Program Administrator&#8221;) purchases, from
time to time, common shares on the open market to satisfy dividend reinvestments. Such common shares are purchased on the open market
only when the closing sale or bid price plus commission is less than the NAV per share of the Fund&#8217;s common shares on the valuation
date. If the market price plus commissions is equal to or exceeds NAV, new common shares are issued by the Fund at the greater of (i)
NAV or (ii) the market price of the common shares during the pricing period, minus a discount of 5%. Common shares issued by the Fund
under the Reinvestment Program will be issued without a fee or a commission.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shareholders may elect to participate in the Reinvestment
Program by submitting a completed participation form to the Program Administrator. The Program Administrator will credit to each participant&#8217;s
account funds it receives from dividends paid on common shares of the Fund registered in the participant&#8217;s name. Shareholders may
elect to close their account at any time by giving the transfer agent written notice. When a participant closes their account, the participant,
upon request, will receive a certificate for full common shares in the account. Fractional common shares will be held and aggregated with
other fractional common shares being liquidated by the transfer agent as agent of the Reinvestment Program and paid for by check when
actually sold. Participants will pay a pro rata share of brokerage commissions with respect to the Program Administrator&#8217;s open
market purchases in connection with the reinvestment of dividends.</p>


<!-- Field: Page; Sequence: 73; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->67<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The automatic reinvestment of dividends does not
affect the tax characterization of the dividends (i.e., capital gain distributions and income distributions are realized and subject to
tax even though cash is not received). A shareholder whose dividends are reinvested in common shares under the Reinvestment Program will
be treated as having received a dividend equal to either (i) if common shares are issued under the Reinvestment Program directly by the
Fund, generally the fair market value of the common shares issued to the shareholder or (ii) if the reinvestment is made through open
market purchases, the amount of cash allocated to the shareholder for the purchase of common shares on its behalf in the open market.
Additional information about the Reinvestment Program may be obtained by contacting the Program Administrator at 844-460-9411 or BRWSabaCapital@dstsystems.com.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">RIGHTS OFFERINGS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may in the future, and at its discretion,
choose to make offerings of rights to its shareholders to purchase common shares. Rights may be issued independently or together with
any other offered security and may or may not be transferable by the person purchasing or receiving the rights. In connection with a rights
offering to shareholders, we would distribute certificates or other documentation (i.e., rights cards distributed in lieu of certificates)
evidencing the rights and a Prospectus Supplement to our shareholders as of the record date that we set for determining the shareholders
eligible to receive rights in such rights offering. Any such future rights offering will be made in accordance with the Investment Company
Act.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The staff of the SEC has interpreted the Investment
Company Act as not requiring shareholder approval of a transferable rights offering to purchase common shares at a price below the then
current NAV so long as certain conditions are met, including: (i) a good faith determination by a fund&#8217;s board that such offering
would result in a net benefit to existing shareholders&#894; (ii) the offering fully protects shareholders&#8217; preemptive rights and
does not discriminate among shareholders (except for the possible effect of not offering fractional rights)&#894; (iii) management uses
its best efforts to ensure an adequate trading market in the rights for use by shareholders who do not exercise such rights&#894; and
(iv) the ratio of a transferable rights offering does not exceed one new share for each three rights held. The applicable Prospectus Supplement
would describe the following terms of the rights in respect of which this Prospectus is being delivered:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the period of time the offering would remain open&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the underwriter or distributor, if any, of the rights and any associated underwriting fees or discounts
applicable to purchases of the rights&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the title of such rights&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the exercise price for such rights (or method of calculation thereof)&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the number of such rights issued in respect of each share&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the number of rights required to purchase a single share&#894;</td></tr></table>


<!-- Field: Page; Sequence: 74; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the extent to which such rights are transferable and the market on which they may be traded if they are
transferable&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">if applicable, a discussion of the material U.S. federal income tax considerations applicable to the issuance
or exercise of such rights&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the date on which the right to exercise such rights will commence, and the date on which such right will
expire (subject to any extension)&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the extent to which such rights include an over-subscription privilege with respect to unsubscribed securities
and the terms of such oversubscription privilege&#894; and</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">termination rights we may have in connection with such rights offering.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A certain number of rights would entitle the holder
of the right(s) to purchase for cash such number of common shares at such exercise price as in each case is set forth in, or be determinable
as set forth in, the Prospectus Supplement relating to the rights offered thereby. Rights would be exercisable at any time up to the close
of business on the expiration date for such rights set forth in the Prospectus Supplement. After the close of business on the expiration
date, all unexercised rights would become void. Upon expiration of the rights offering and the receipt of payment and the rights certificate
or other appropriate documentation properly executed and completed and duly executed at the corporate trust office of the rights agent,
or any other office indicated in the Prospectus Supplement, the common shares purchased as a result of such exercise will be issued as
soon as practicable. To the extent permissible under applicable law, we may determine to offer any unsubscribed offered securities directly
to persons other than shareholders, to or through agents, underwriters or dealers or through a combination of such methods, as set forth
in the applicable Prospectus Supplement.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">TAX MATTERS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following discussion is a brief summary of
certain U.S. federal income tax considerations affecting the Fund and the purchase, ownership and disposition of the Fund&#8217;s common
shares. A more detailed discussion of the tax rules applicable to the Fund and its common shareholders can be found in the SAI that is
incorporated by reference into this Prospectus. Except as otherwise noted, this discussion assumes you are a taxable U.S. holder (as defined
below) and that you hold your common shares as capital assets for U.S. federal income tax purposes (generally, assets held for investment).
This discussion is based upon current provisions of the Code, the regulations promulgated thereunder and judicial and administrative authorities,
all of which are subject to change or differing interpretations by the courts or the Internal Revenue Service, possibly with retroactive
effect. No attempt is made to present a detailed explanation of all U.S. federal tax concerns affecting the Fund and its common shareholders.
The Fund has not sought and will not seek any ruling from the Internal Revenue Service regarding any matters discussed herein. No assurance
can be given that the Internal Revenue Service would not assert, or that a court would not sustain, a position contrary to those set forth
below. This summary does not discuss any aspects of non-U.S., state or local tax. <b>The discussion set forth herein does not constitute
tax advice and potential investors are urged to consult their own tax advisers to determine the specific U.S. federal, state, local and
foreign tax consequences to them of investing in the Fund</b>.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, no attempt is made to address tax
considerations applicable to an investor with a special tax status, such as without limitation, a financial institution, REIT, insurance
company, regulated investment company, individual retirement account, other tax-exempt organization, dealer in securities or currencies,
person holding shares of the Fund as part of a hedging, integrated, conversion or straddle transaction, trader in securities that has
elected the mark-to-market method of accounting for its securities, U.S. holder (as defined below) whose functional currency is not the
U.S. dollar, investor with &#8220;applicable financial statements&#8221; within the meaning of Section 451(b) of the Code, or non-U.S.
investor. Furthermore, this discussion does not reflect possible application of the alternative minimum tax.</p>


<!-- Field: Page; Sequence: 75; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->69<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A U.S. holder is a beneficial owner that is for
U.S. federal income tax purposes:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">a citizen or individual resident of the United States (including certain former citizens and former long-term
residents)&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">a corporation or other entity treated as a corporation for U.S. federal income tax purposes, created or
organized in or under the laws of the United States or any state thereof or the District of Columbia&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">an estate, the income of which is subject to U.S. federal income taxation regardless of its source&#894;
or</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">a trust with respect to which a court within the United States is able to exercise primary supervision
over its administration and one or more U.S. persons have the authority to control all of its substantial decisions or the trust has made
a valid election in effect under applicable Treasury regulations to be treated as a U.S. person for U.S. federal income tax purposes,
whose status as a U.S. person is not overridden by an applicable tax treaty.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Taxation of the Fund</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund has elected to be treated as a RIC under
Subchapter M of the Code. In order to qualify as a RIC, the Fund must, among other things, satisfy certain requirements relating to the
sources of its income, diversification of its assets, and distribution of its income to its shareholders. First, the Fund must derive
at least 90% of its annual gross income from dividends, interest, payments with respect to securities loans, gains from the sale or other
disposition of stock or securities or foreign currencies, or other income (including but not limited to gains from options, futures and
forward contracts) derived with respect to its business of investing in such stock, securities or currencies, or net income derived from
interests in &#8220;qualified publicly traded partnerships&#8221; (as defined in the Code) (the &#8220;90% gross income test&#8221;).
Second, the Fund must diversify its holdings so that, at the close of each quarter of its taxable year, (i) at least 50% of the value
of its total assets consists of cash, cash items, U.S. Government securities, securities of other RICs and other securities, with such
other securities limited in respect of any one issuer to an amount not greater in value than 5% of the value of the Fund&#8217;s total
assets and to not more than 10% of the outstanding voting securities of such issuer, and (ii) not more than 25% of the market value of
the total assets is invested in the securities (other than U.S. Government securities and securities of other RICs) of any one issuer,
any two or more issuers controlled by the Fund and engaged in the same, similar or related trades or businesses, or any one or more &#8220;qualified
publicly traded partnerships.&#8221;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As long as the Fund qualifies as a RIC, the Fund
will generally not be subject to corporate-level U.S. federal income tax on income and gains that it distributes each taxable year to
its shareholders, provided that in such taxable year it distributes at least 90% of the sum of (i) its net tax-exempt interest income,
if any, and (ii) its &#8220;investment company taxable income&#8221; (which includes, among other items, dividends, taxable interest,
taxable original issue discount and market discount income, income from securities lending, net short-term capital gain in excess of net
long-term capital loss, and any other taxable income other than &#8220;net capital gain&#8221; (as defined below) and is reduced by deductible
expenses) determined without regard to the deduction for dividends paid. The Fund may retain for investment its net capital gain (which
consists of the excess of its net long-term capital gain over its net short-term capital loss). However, if the Fund retains any net capital
gain or any investment company taxable income, it will be subject to tax at regular corporate rates on the amount retained.</p>


<!-- Field: Page; Sequence: 76; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->70<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Code imposes a 4% nondeductible excise tax
on the Fund to the extent the Fund does not distribute by the end of any calendar year at least the sum of (i) 98% of its ordinary income
(not taking into account any capital gain or loss) for the calendar year and (ii) 98.2% of its capital gain in excess of its capital loss
(adjusted for certain ordinary losses) for a one-year period generally ending on October 31 of the calendar year (unless an election is
made to use the Fund&#8217;s fiscal year). In addition, the minimum amounts that must be distributed in any year to avoid the excise tax
will be increased or decreased to reflect any under-distribution or over-distribution, as the case may be, from the previous year. For
purposes of the excise tax, the Fund will be deemed to have distributed any income on which it paid U.S. federal income tax. While the
Fund intends to distribute any income and capital gain in the manner necessary to minimize imposition of the 4% nondeductible excise tax,
there can be no assurance that sufficient amounts of the Fund&#8217;s taxable income and capital gain will be distributed to entirely
avoid the imposition of the excise tax. In that event, the Fund will be liable for the excise tax only on the amount by which it does
not meet the foregoing distribution requirement.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If in any taxable year the Fund should fail to
qualify under Subchapter M of the Code for tax treatment as a RIC, the Fund would incur a regular corporate U.S. federal income tax upon
all of its taxable income for that year, and all distributions to its shareholders (including distributions of net capital gain) would
be taxable to shareholders as ordinary dividend income for U.S. federal income tax purposes to the extent of the Fund&#8217;s earnings
and profits. Provided that certain holding period and other requirements were met, such dividends would be eligible (i) to be treated
as qualified dividend income in the case of shareholders taxed as individuals and (ii) for the dividends received deduction in the case
of corporate shareholders. In addition, to qualify again to be taxed as a RIC in a subsequent year, the Fund would be required to distribute
to shareholders its earnings and profits attributable to non-RIC years. In addition, if the Fund failed to qualify as a RIC for a period
greater than two taxable years, then, in order to qualify as a RIC in a subsequent year, the Fund would be required to elect to recognize
and pay tax on any net built-in gain (the excess of aggregate gain, including items of income, over aggregate loss that would have been
realized if the Fund had been liquidated) or, alternatively, be subject to taxation on such built-in gain recognized for a period of five
years.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The remainder of this discussion assumes that
the Fund qualifies for taxation as a RIC.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>The Fund&#8217;s Investments</i>. Certain of
the Fund&#8217;s investment practices are subject to special and complex U.S. federal income tax provisions (including mark-to-market,
constructive sale, straddle, wash sale, short sale and other rules) that may, among other things, (i) disallow, suspend or otherwise limit
the allowance of certain losses or deductions, (ii) convert lower taxed long-term capital gains or qualified dividend income into higher
taxed short-term capital gains or ordinary income, (iii) convert ordinary loss or a deduction into capital loss (the deductibility of
which is more limited), (iv) cause the Fund to recognize income or gain without a corresponding receipt of cash, (v) adversely affect
the time as to when a purchase or sale of stock or securities is deemed to occur, (vi) adversely alter the characterization of certain
complex financial transactions and (vii) produce income that will not be &#8220;qualified&#8221; income for purposes of the 90% annual
gross income requirement described above. These U.S. federal income tax provisions could therefore affect the amount, timing and character
of distributions to common shareholders. The Fund intends to monitor its transactions and may make certain tax elections and may be required
to dispose of securities to mitigate the effect of these provisions and prevent disqualification of the Fund as a RIC. Additionally, the
Fund may be required to limit its activities in derivative instruments in order to enable it to maintain its RIC status.</p>


<!-- Field: Page; Sequence: 77; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->71<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest a portion of its net assets
in below investment grade securities. Investments in these types of securities may present special tax issues for the Fund. U.S. federal
income tax rules are not entirely clear about issues such as when the Fund may cease to accrue interest, original issue discount or market
discount, when and to what extent deductions may be taken for bad debts or worthless securities, how payments received on obligations
in default should be allocated between principal and income and whether modifications or exchanges of debt obligations in a bankruptcy
or workout context are taxable. These and other issues could affect the Fund&#8217;s ability to distribute sufficient income to preserve
its status as a RIC or to avoid the imposition of U.S. federal income or excise tax.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain debt securities acquired by the Fund may
be treated as debt securities that were originally issued at a discount. Generally, the amount of the original issue discount is treated
as interest income and is included in taxable income (and required to be distributed by the Fund in order to qualify as a RIC and avoid
U.S. federal income tax or the 4% excise tax on undistributed income) over the term of the security, even though payment of that amount
is not received until a later time, usually when the debt security matures.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the Fund purchases a debt security on a secondary
market at a price lower than its adjusted issue price, the excess of the adjusted issue price over the purchase price is &#8220;market
discount.&#8221; Unless the Fund makes an election to accrue market discount on a current basis, generally, any gain realized on the disposition
of, and any partial payment of principal on, a debt security having market discount is treated as ordinary income to the extent the gain,
or principal payment, does not exceed the &#8220;accrued market discount&#8221; on the debt security. Market discount generally accrues
in equal daily installments. If the Fund ultimately collects less on the debt instrument than its purchase price plus the market discount
previously included in income, the Fund may not be able to benefit from any offsetting loss deductions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in preferred securities or
other securities the U.S. federal income tax treatment of which may not be clear or may be subject to recharacterization by the Internal
Revenue Service. To the extent the tax treatment of such securities or the income from such securities differs from the tax treatment
expected by the Fund, it could affect the timing or character of income recognized by the Fund, potentially requiring the Fund to purchase
or sell securities, or otherwise change its portfolio, in order to comply with the tax rules applicable to RICs under the Code.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gain or loss on the sale of securities by the
Fund will generally be long-term capital gain or loss if the securities have been held by the Fund for more than one year. Gain or loss
on the sale of securities held for one year or less will be short-term capital gain or loss.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because the Fund may invest in foreign securities,
its income from such securities may be subject to non-U.S. taxes.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Foreign currency gain or loss on foreign currency
exchange contracts, non-U.S. dollar-denominated securities contracts, and non-U.S. dollar-denominated futures contracts, options and forward
contracts that are not section 1256 contracts (as defined below) generally will be treated as ordinary income and loss.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Income from options on individual securities written
by the Fund will generally not be recognized by the Fund for tax purposes until an option is exercised, lapses or is subject to a &#8220;closing
transaction&#8221; (as defined by applicable regulations) pursuant to which the Fund&#8217;s obligations with respect to the option are
otherwise terminated. If the option lapses without exercise, the premiums received by the Fund from the writing of such options will generally
be characterized as short-term capital gain. If the Fund enters into a closing transaction, the difference between the premiums received
and the amount paid by the Fund to close out its position will generally be treated as short-term capital gain or loss. If an option written
by the Fund is exercised, thereby requiring the Fund to sell the underlying security, the premium will increase the amount realized upon
the sale of the security, and the character of any gain on such sale of the underlying security as short-term or long-term capital gain
will depend on the holding period of the Fund in the underlying security. Because the Fund will not have control over the exercise of
the options it writes, such exercises or other required sales of the underlying securities may cause the Fund to realize gains or losses
at inopportune times.</p>


<!-- Field: Page; Sequence: 78; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->72<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Index options that qualify as &#8220;section 1256
contracts&#8221; will generally be &#8220;marked-to-market&#8221; for U.S. federal income tax purposes. As a result, the Fund will generally
recognize gain or loss on the last day of each taxable year equal to the difference between the value of the option on that date and the
adjusted basis of the option. The adjusted basis of the option will consequently be increased by such gain or decreased by such loss.
Any gain or loss with respect to options on indices and sectors that qualify as &#8220;section 1256 contracts&#8221; will be treated as
short-term capital gain or loss to the extent of 40% of such gain or loss and long-term capital gain or loss to the extent of 60% of such
gain or loss. Because the mark-to-market rules may cause the Fund to recognize gain in advance of the receipt of cash, the Fund may be
required to dispose of investments in order to meet its distribution requirements. &#8220;Mark-to-market&#8221; losses may be suspended
or otherwise limited if such losses are part of a straddle or similar transaction.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Taxation of Common Shareholders</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fund distributions of its tax-exempt interest
on municipal securities, if properly reported by the Fund to its shareholders (&#8220;exempt-interest dividends&#8221;), will generally
be exempt from regular federal income tax. In order for the Fund to pay exempt-interest dividends, at least 50% of the value of the Fund&#8217;s
total assets must consist of tax-exempt obligations on a quarterly basis. If the Fund does not meet this requirement, it would not be
able to pay tax-exempt dividends, and your distributions attributable to interest received by the Fund from any source (including distributions
of tax-exempt interest income) would be taxable as ordinary income to the extent of the Fund&#8217;s earnings and profits.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund will either distribute or retain for
reinvestment all or part of its net capital gain. If any such gain is retained, the Fund will be subject to a corporate income tax on
such retained amount. In that event, the Fund expects to report the retained amount as undistributed capital gain in a notice to its common
shareholders, each of whom, if subject to U.S. federal income tax on long-term capital gains, (i) will be required to include in income
for U.S. federal income tax purposes as long-term capital gain its share of such undistributed amounts, (ii) will be entitled to credit
its proportionate share of the tax paid by the Fund against its U.S. federal income tax liability and to claim refunds to the extent that
the credit exceeds such liability and (iii) will increase its basis in its common shares by the amount of undistributed capital gains
included in the shareholder&#8217;s income less the tax deemed paid by the shareholder under clause (ii).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Distributions paid to you by the Fund from its
net capital gain, if any, that the Fund properly reports as capital gain dividends (&#8220;capital gain dividends&#8221;) are taxable
as long-term capital gains, regardless of how long you have held your common shares. All other dividends paid to you by the Fund (including
dividends from net short-term capital gains) from its current or accumulated earnings and profits, other than exempt-interest dividends
(&#8220;ordinary income dividends&#8221;) are generally subject to tax as ordinary income. Provided that certain holding period and other
requirements are met, ordinary income dividends (if properly reported by the Fund) may qualify (i) for the dividends received deduction
in the case of corporate shareholders to the extent that the Fund&#8217;s income consists of dividend income from U.S. corporations, and
(ii) in the case of individual shareholders, as &#8220;qualified dividend income&#8221; eligible to be taxed at long-term capital gains
rates to the extent that the Fund receives qualified dividend income.</p>


<!-- Field: Page; Sequence: 79; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->73<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Qualified dividend income is, in general, dividend
income from taxable domestic corporations and certain qualified foreign corporations (e.g., generally, foreign corporations incorporated
in a possession of the United States or in certain countries with a qualifying comprehensive tax treaty with the United States, or whose
stock with respect to which such dividend is paid is readily tradable on an established securities market in the United States). There
can be no assurance as to what portion, if any, of the Fund&#8217;s distributions will constitute qualified dividend income or be eligible
for the dividends received deduction.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any distributions you receive that are in excess
of the Fund&#8217;s current and accumulated earnings and profits will be treated as a return of capital to the extent of your adjusted
tax basis in your common shares, and thereafter as capital gain from the sale of common shares. The amount of any Fund distribution that
is treated as a return of capital will reduce your adjusted tax basis in your common shares, thereby increasing your potential gain or
reducing your potential loss on any subsequent sale or other disposition of your common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Common shareholders may be entitled to offset
their capital gain dividends with capital losses. The Code contains a number of statutory provisions affecting when capital losses may
be offset against capital gain, and limiting the use of losses from certain investments and activities. Accordingly, common shareholders
that have capital losses are urged to consult their tax advisers.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dividends and other taxable distributions are
taxable to you even though they are reinvested in additional common shares of the Fund. Dividends and other distributions paid by the
Fund are generally treated under the Code as received by you at the time the dividend or distribution is made. If, however, the Fund pays
you a dividend in January that was declared in the previous October, November or December to common shareholders of record on a specified
date in one of such months, then such dividend will be treated for U.S. federal income tax purposes as being paid by the Fund and received
by you on December 31 of the year in which the dividend was declared. In addition, certain other distributions made after the close of
the Fund&#8217;s taxable year may be &#8220;spilled back&#8221; and treated as paid by the Fund (except for purposes of the 4% nondeductible
excise tax) during such taxable year. In such case, you will be treated as having received such dividends in the taxable year in which
the distributions were actually made.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest on certain &#8220;private activity bonds&#8221;
is an item of tax preference subject to the alternative minimum tax on individuals. The Fund may invest a portion of its assets in municipal
bonds subject to this provision so that a portion of its exempt-interest dividends is an item of tax preference to the extent such dividends
represent interest received from these private activity bonds. Accordingly, investment in the Fund could cause a holder of common shares
to be subject to, or result in an increased liability under, the alternative minimum tax.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Exempt-interest dividends are included in determining
what portion, if any, of a person&#8217;s Social Security and railroad retirement benefits will be includable in gross income subject
to federal income tax.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The price of common shares purchased at any time
may reflect the amount of a forthcoming distribution. Those purchasing common shares just prior to the record date of a distribution will
receive a distribution which will be taxable to them even though it represents, economically, a return of invested capital.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund will send you information after the end
of each year setting forth the amount and tax status of any distributions paid to you by the Fund.</p>


<!-- Field: Page; Sequence: 80; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->74<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The sale or other disposition of common shares
will generally result in capital gain or loss to you and will be long-term capital gain or loss if you have held such common shares for
more than one year at the time of sale. Any loss upon the sale or other disposition of common shares held for six months or less will
be treated as long-term capital loss to the extent of any capital gain dividends received (including amounts credited as an undistributed
capital gain dividend) by you with respect to such common shares. Any loss you recognize on a sale or other disposition of common shares
will be disallowed if you acquire other common shares (whether through the automatic reinvestment of dividends or otherwise) within a
61-day period beginning 30 days before and ending 30 days after your sale or exchange of the common shares. In such case, your tax basis
in the common shares acquired will be adjusted to reflect the disallowed loss.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the Fund liquidates, shareholders generally
will realize capital gain or loss upon such liquidation in an amount equal to the difference between the amount of cash or other property
received by the shareholder (including any property deemed received by reason of its being placed in a liquidating trust) and the shareholder&#8217;s
adjusted tax basis in its common shares. Any such gain or loss will be long-term if the shareholder is treated as having a holding period
in the Fund shares of greater than one year, and otherwise will be short-term.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Current U.S. federal income tax law taxes both
long-term and short-term capital gain of corporations at the rates applicable to ordinary income. For non-corporate taxpayers, short-term
capital gain is currently taxed at rates applicable to ordinary income while long-term capital gain generally is taxed at a reduced maximum
rate. The deductibility of capital losses is subject to limitations under the Code.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain U.S. holders who are individuals, estates
or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare tax on all or a portion of their &#8220;net
investment income,&#8221; which includes dividends received from the Fund and capital gains from the sale or other disposition of the
Fund&#8217;s common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A common shareholder that is a nonresident alien
individual or a foreign corporation (a &#8220;foreign investor&#8221;) generally will be subject to U.S. federal withholding tax at the
rate of 30% (or possibly a lower rate provided by an applicable tax treaty) on ordinary income dividends (except as discussed below).
In general, U.S. federal withholding tax and U.S. federal income tax will not apply to any gain or income realized by a foreign investor
in respect of any distribution of exempt-interest dividends or net capital gain (including amounts credited as an undistributed capital
gain dividend) or upon the sale or other disposition of common shares of the Fund. Different tax consequences may result if the foreign
investor is engaged in a trade or business in the United States or, in the case of an individual, is present in the United States for
183 days or more during a taxable year and certain other conditions are met. Foreign investors should consult their tax advisers regarding
the tax consequences of investing in the Fund&#8217;s common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ordinary income dividends properly reported by
a RIC are generally exempt from U.S. federal withholding tax where they (i) are paid in respect of the RIC&#8217;s &#8220;qualified net
interest income&#8221; (generally, its U.S.-source interest income, other than certain contingent interest and interest from obligations
of a corporation or partnership in which the RIC is at least a 10% shareholder, reduced by expenses that are allocable to such income)
or (ii) are paid in respect of the RIC&#8217;s &#8220;qualified short-term capital gains&#8221; (generally, the excess of the RIC&#8217;s
net short-term capital gain over its long-term capital loss for such taxable year). Depending on its circumstances, the Fund may report
all, some or none of its potentially eligible dividends as such qualified net interest income or as qualified short-term capital gains,
and/or treat such dividends, in whole or in part, as ineligible for this exemption from withholding. In order to qualify for this exemption
from withholding, a foreign investor needs to comply with applicable certification requirements relating to its non-U.S. status (including,
in general, furnishing an IRS Form W-8BEN, W-8BEN-E or substitute Form). In the case of common shares held through an intermediary, the
intermediary may have withheld tax even if the Fund reported the payment as qualified net interest income or qualified short-term capital
gain. Foreign investors should contact their intermediaries with respect to the application of these rules to their accounts. There can
be no assurance as to what portion of the Fund&#8217;s distributions would qualify for favorable treatment as qualified net interest income
or qualified short-term capital gains.</p>


<!-- Field: Page; Sequence: 81; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->75<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, withholding at a rate of 30% will
apply to dividends paid in respect of common shares of the Fund held by or through certain foreign financial institutions (including investment
funds), unless such institution enters into an agreement with the Treasury to report, on an annual basis, information with respect to
shares in, and accounts maintained by, the institution to the extent such shares or accounts are held by certain U.S. persons and by certain
non-U.S. entities that are wholly or partially owned by U.S. persons and to withhold on certain payments. Accordingly, the entity through
which common shares of the Fund are held will affect the determination of whether such withholding is required. Similarly, dividends paid
in respect of common shares of the Fund held by an investor that is a non-financial foreign entity that does not qualify under certain
exemptions will be subject to withholding at a rate of 30%, unless such entity either (i) certifies that such entity does not have any
&#8220;substantial United States owners&#8221; or (ii) provides certain information regarding the entity&#8217;s &#8220;substantial United
States owners,&#8221; which the Fund or applicable withholding agent will in turn provide to the Secretary of the Treasury. An intergovernmental
agreement between the United States and an applicable foreign country, or future Treasury regulations or other guidance, may modify these
requirements. The Fund will not pay any additional amounts to common shareholders in respect of any amounts withheld. Foreign investors
are encouraged to consult with their tax advisers regarding the possible implications of these rules on their investment in the Fund&#8217;s
common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">U.S. federal backup withholding tax may be required
on dividends, distributions and sale proceeds payable to certain non-exempt common shareholders who fail to supply their correct taxpayer
identification number (in the case of individuals, generally, their social security number) or to make required certifications, or who
are otherwise subject to backup withholding. Backup withholding is not an additional tax and any amount withheld may be refunded or credited
against your U.S. federal income tax liability, if any, provided that you timely furnish the required information to the Internal Revenue
Service.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ordinary income dividends, capital gain dividends,
and gain from the sale or other disposition of common shares of the Fund also may be subject to state, local, and/or foreign taxes. Common
shareholders are urged to consult their own tax advisers regarding specific questions about U.S. federal, state, local or foreign tax
consequences to them of investing in the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>The foregoing is a general and abbreviated
summary of certain provisions of the Code and the Treasury regulations currently in effect as they directly govern the taxation of the
Fund and its common shareholders. These provisions are subject to change by legislative or administrative action, and any such change
may be retroactive. A more detailed discussion of the tax rules applicable to the Fund and its common shareholders can be found in the
SAI that is incorporated by reference into this Prospectus. Common shareholders are urged to consult their tax advisers regarding specific
questions as to U.S. federal, state, local and foreign income or other taxes.</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please refer to the SAI for more detailed information.
You are urged to consult your tax adviser.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">TAXATION OF HOLDERS
OF RIGHTS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The value of a right will not be includible in
the income of a common shareholder at the time the right is issued.</p>


<!-- Field: Page; Sequence: 82; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->76<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The basis of a right issued to a common shareholder
will be zero, and the basis of the share with respect to which the subscription right was issued (the old share) will remain unchanged,
unless either (a) the fair market value of the right on the date of distribution is at least 15% of the fair market value of the old share,
or (b) such shareholder affirmatively elects (in the manner set out in Treasury regulations under the Code) to allocate to the subscription
right a portion of the basis of the old share. If either (a) or (b) applies, then except as described below such shareholder must allocate
basis between the old share and the right in proportion to their fair market values on the date of distribution.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The basis of a right purchased in the market will
generally be its purchase price.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The holding period of a right issued to a common
shareholder will include the holding period of the old share. No gain or loss will be recognized by a common shareholder upon the exercise
of a right.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No loss will be recognized by a common shareholder
if a right distributed to such common shareholder expires unexercised because the basis of the old share may be allocated to a right only
if the right is exercised. If a right that has been purchased in the market expires unexercised, there will be a recognized loss equal
to the basis of the right.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any gain or loss on the sale of a right will be
a capital gain or loss if the right is held as a capital asset (which in the case of rights issued to common shareholders will depend
on whether the old share of beneficial interest is held as a capital asset), and will be a long-term capital gain or loss if the holding
period is deemed to exceed one year.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">CLOSED-END FUND
STRUCTURE</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is a non-diversified, closed-end management
investment company (commonly referred to as a closed-end fund). Closed-end funds differ from open-end funds (which are generally referred
to as mutual funds) in that closed-end funds generally list their shares for trading on a stock exchange and do not redeem their shares
at the request of the shareholder. This means that if you wish to sell your shares of a closed-end fund you must trade them on the stock
exchange like any other stock at the prevailing market price at that time. In a mutual fund, if the shareholder wishes to sell shares
of the fund, the mutual fund will redeem or buy back the shares at NAV. Also, mutual funds generally offer new shares on a continuous
basis to new investors and closed-end funds generally do not. The continuous inflows and outflows of assets in a mutual fund can make
it difficult to manage the fund&#8217;s investments. By comparison, closed-end funds are generally able to stay more fully invested in
securities that are consistent with their investment objective and also have greater flexibility to make certain types of investments
and to use certain investment strategies, such as financial leverage and investments in illiquid securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shares of closed-end funds frequently trade at
a discount to their NAV. Because of this possibility and the recognition that any such discount may not be in the interest of shareholders,
the Board might consider from time to time engaging in open-market repurchases, tender offers for shares or other programs intended to
reduce the discount. We cannot guarantee or assure, however, that the Board will decide to engage in any of these actions. Nor is there
any guarantee or assurance that such actions, if undertaken, would result in the shares trading at a price equal or close to the NAV.
See &#8220;Repurchase of Common Shares&#8221; below and &#8220;Repurchase of Common Shares&#8221; in the SAI. The Board might also consider
converting the Fund to an open-end mutual fund, which would also require a vote of the shareholders of the Fund.</p>


<!-- Field: Page; Sequence: 83; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->77<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">REPURCHASE OF
COMMON SHARES</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shares of closed-end investment companies often
trade at a discount to their NAVs and the Fund&#8217;s common shares may also trade at a discount to their NAV, although it is possible
that they may trade at a premium above NAV. The market price of the Fund&#8217;s common shares will be determined by such factors as relative
demand for and supply of such common shares in the market, the Fund&#8217;s NAV, general market and economic conditions, market sentiment
and other factors beyond the control of the Fund. See &#8220;Net Asset Value&#8221; and &#8220;Description of Shares&#8212;Common Shares.&#8221;
Although the Fund&#8217;s common shareholders will not have the right to redeem their common shares, the Fund may take action to repurchase
common shares in the open market or make tender offers for its common shares. This may have the effect of reducing any market discount
from NAV.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There is no assurance that, if action is undertaken
to repurchase or tender for common shares, such action will result in the common shares&#8217; trading at a price which approximates their
NAV. Although share repurchases and tender offers could have a favorable effect on the market price of the Fund&#8217;s common shares,
you should be aware that the acquisition of common shares by the Fund will decrease the capital of the Fund and, therefore, may have the
effect of increasing the Fund&#8217;s expense ratio and decreasing the asset coverage with respect to any borrowings or preferred shares
outstanding. Any share repurchases or tender offers will be made in accordance with the requirements of the Securities Exchange Act of
1934, as amended, the Investment Company Act and the principal stock exchange on which the common shares are traded. For additional information,
see &#8220;Repurchase of Common Shares&#8221; in the SAI.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">PLAN OF DISTRIBUTION</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may sell common shares, including to existing
shareholders in a rights offering, through underwriters or dealers, directly to one or more purchasers (including existing shareholders
in a rights offering), through agents, to or through underwriters or dealers, or through a combination of any such methods of sale. The
applicable Prospectus Supplement will identify any underwriter or agent involved in the offer and sale of our common shares, any sales
loads, discounts, commissions, fees or other compensation paid to any underwriter, dealer or agent, the offering price, net proceeds and
use of proceeds and the terms of any sale. In the case of a rights offering, the applicable Prospectus Supplement will set forth the number
of our common shares issuable upon the exercise of each right and the other terms of such rights offering.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The distribution of our common shares may be effected
from time to time in one or more transactions at a fixed price or prices, which may be changed, at prevailing market prices at the time
of sale, at prices related to such prevailing market prices, or at negotiated prices. Sales of our common shares may be made in transactions
that are deemed to be &#8220;at the market&#8221; as defined in Rule 415 under the Securities Act, including sales made directly on the
NYSE or sales made to or through a market maker other than on an exchange.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may sell our common shares directly to, and
solicit offers from, institutional investors or others who may be deemed to be underwriters as defined in the Securities Act for any resales
of the securities. In this case, no underwriters or agents would be involved. We may use electronic media, including the Internet, to
sell offered securities directly.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the sale of our common shares,
underwriters or agents may receive compensation from us in the form of discounts, concessions or commissions. Underwriters may sell our
common shares to or through dealers, and such dealers may receive compensation in the form of discounts, concessions or commissions from
the underwriters and/or commissions from the purchasers for whom they may act as agents. Underwriters, dealers and agents that participate
in the distribution of our common shares may be deemed to be underwriters under the Securities Act, and any discounts and commissions
they receive from us and any profit realized by them on the resale of our common shares may be deemed to be underwriting discounts and
commissions under the Securities Act. Any such underwriter or agent will be identified and any such compensation received from us will
be described in the applicable Prospectus Supplement. We will not pay any compensation to any underwriter or agent in the form of warrants,
options, consulting or structuring fees or similar arrangements.</p>


<!-- Field: Page; Sequence: 84; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->78<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a Prospectus Supplement so indicates, we may
grant the underwriters an option to purchase additional common shares at the public offering price, less the underwriting discounts and
commissions, within 45 days from the date of the Prospectus Supplement, to cover any over-allotments.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under agreements into which we may enter, underwriters,
dealers and agents who participate in the distribution of our common shares may be entitled to indemnification by us against certain liabilities,
including liabilities under the Securities Act. Underwriters, dealers and agents may engage in transactions with us, or perform services
for us, in the ordinary course of business.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If so indicated in the applicable Prospectus Supplement,
we will ourselves, or will authorize underwriters or other persons acting as our agents to solicit offers by certain institutions to purchase
our common shares from us pursuant to contracts providing for payment and delivery on a future date. Institutions with which such contacts
may be made include commercial and savings banks, insurance companies, pension funds, investment companies, educational and charitable
institutions and others, but in all cases such institutions must be approved by us. The obligation of any purchaser under any such contract
will be subject to the condition that the purchase of the common shares shall not at the time of delivery be prohibited under the laws
of the jurisdiction to which such purchaser is subject. The underwriters and such other agents will not have any responsibility in respect
of the validity or performance of such contracts. Such contracts will be subject only to those conditions set forth in the Prospectus
Supplement, and the Prospectus Supplement will set forth the commission payable for solicitation of such contracts.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To the extent permitted under the Investment Company
Act and the rules and regulations promulgated thereunder, the underwriters may from time to time act as brokers or dealers and receive
fees in connection with the execution of our portfolio transactions after the underwriters have ceased to be underwriters and, subject
to certain restrictions, each may act as a broker while it is an underwriter.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A Prospectus and accompanying Prospectus Supplement
in electronic form may be made available on the websites maintained by underwriters. The underwriters may agree to allocate a number of
securities for sale to their online brokerage account holders. Such allocations of securities for Internet distributions will be made
on the same basis as other allocations. In addition, securities may be sold by the underwriters to securities dealers who resell securities
to online brokerage account holders.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In order to comply with the securities laws of
certain states, if applicable, our common shares offered hereby will be sold in such jurisdictions only through registered or licensed
brokers or dealers.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">INCORPORATION
BY REFERENCE</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Prospectus is part of a registration statement
that we have filed with the SEC. We are allowed to &#8220;incorporate by reference&#8221; the information that we file with the SEC, which
means that we can disclose important information to you by referring you to those documents. We incorporate by reference into this Prospectus
the documents listed below and any future filings we make with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, including
any filings on or after the date of this Prospectus from the date of filing (excluding any information furnished, rather than filed),
until we have sold all of the offered securities to which this Prospectus and any accompanying prospectus supplement relates or the offering
is otherwise terminated. The information incorporated by reference is an important part of this Prospectus. Any statement in a document
incorporated by reference into this Prospectus will be deemed to be automatically modified or superseded to the extent a statement contained
in (1) this Prospectus or (2) any other subsequently filed document that is incorporated by reference into this Prospectus modifies or
supersedes such statement. The documents incorporated by reference herein include:</p>


<!-- Field: Page; Sequence: 85; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->79<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the Fund&#8217;s SAI, dated [&#9679;], 2025, filed with this Prospectus&#894; and</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">&#9679;</td><td style="text-align: justify">the Fund&#8217;s annual report on Form N-CSR for the fiscal year ended October 31, 2024, filed with the
SEC on January 6, 2025, and the Fund&#8217;s semi-annual report on Form N-CSR for the semi-annual period ended April 30, 2025, filed with
the SEC in July 2025.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund will provide without charge to each person,
including any beneficial owner, to whom this Prospectus is delivered, upon written or oral request, a copy of any and all of the documents
that have been or may be incorporated by reference in this Prospectus or the accompanying prospectus supplement. You should direct requests
for documents by calling:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Investor Relations</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">+1 888.615.4310</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund makes available this Prospectus, SAI
and the Fund&#8217;s annual and semi-annual reports, free of charge, at https://www.sabacef.com/saba-income-opportunities-fund. You may
also obtain this Prospectus, the SAI, other documents incorporated by reference and other information the Fund files electronically, including
reports and proxy statements, on the SEC website (http://www.sec.gov) or with the payment of a duplication fee, by electronic request
at publicinfo@sec.gov. Information contained in, or that can be accessed through, the Fund&#8217;s website is not incorporated by reference
into this Prospectus and should not be considered to be part of this Prospectus or the accompanying prospectus supplement.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">PRIVACY NOTICE
OF THE FUND</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Privacy Notice sets forth the policies of
the Adviser and any investment funds and accounts managed by the Adviser regarding the collection, use, storage, sharing, disclosure (collectively,
&#8220;processing&#8221;), and protection of personal data. This notice applies to current, prospective, and former investors in or holders
of the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes of this Privacy Notice, &#8220;you&#8221;
or an &#8220;investor&#8221; means any investor who is an individual, or any individual connected with an investor that is a legal person.
Capitalized terms used but not defined herein have the meanings assigned to them in the applicable offering memorandum or advisory agreement
of the relevant Fund (each, &#8220;Fund Document&#8221;).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Who To Contact About This Privacy Notice</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Privacy Notice is provided in accordance
with applicable privacy and data protection laws in jurisdictions where we operate (collectively, the &#8220;Data Protection Laws&#8221;).
Each of the Fund and the Adviser are considered <b>data controllers</b> of your personal information for the purposes of certain Data
Protection Laws, meaning we determine the purposes and means of processing your information.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For any questions about this Privacy Notice or
requests regarding the personal data we hold, please contact us at <b>(212) 542-4635</b> or <b>dataprotection@sabacapital.com</b>.</p>


<!-- Field: Page; Sequence: 86; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->80<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please note that certain service providers (the
&#8220;Service Providers&#8221;) of the Adviser and/or Fund (e.g., administrators, prime brokers, custodians, transfer agents, and legal
advisers) process personal data under their own professional and legal obligations (such as anti-money laundering legislation). In these
instances, such Service Providers act as data controllers in their own right and not on our instructions. For specific information or
requests regarding processing by such Service Providers, you may contact them directly at the address in the relevant Client Document
or via their websites.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Types of Personal Data We May Collect and
Use</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may collect and use various categories of your
personal data, including, but not limited to:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Contact &amp; Identification:</b> Names, residential or business addresses, other contact details,
signature, nationality, tax identification, passport, social security number, date/place of birth, jurisdiction of tax residence, photographs,
copies of identification documents.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Financial &amp; Account Information:</b> Bank account details, information about assets or net worth,
credit history, investment activities, financial income (e.g., interest, dividends, income from insurance products), account balances,
proceeds from property sale/redemption, or other financial information.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Sensitive Data:</b> In certain circumstances and where relevant (and as permitted by applicable Data
Protection Laws), this may include information on political affiliations, ethnic origin, or criminal convictions, obtained from relevant
materials, documents, or background searches, along with any other information required by applicable law or regulation.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">How We Collect Personal Daya</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We collect personal data about you through:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Direct Provision:</b> Information provided directly by you or another person on your behalf.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Transactions:</b> Information obtained in relation to any transactions between you and us.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Third Parties/Other Sources:</b> Our affiliates, Service Providers, publicly accessible databases or
registers, tax authorities, governmental and non-governmental agencies, supervisory authorities, credit agencies, fraud prevention and
detection agencies, or other publicly accessible sources (e.g., the internet).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">How We May Use Personal Information</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may process your personal data for various
business tasks, including but not limited to:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Entering into advisory agreements or accepting subscription documentation.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Administering our relationship with you, including processing subscriptions, redemptions, transfers, and
discretionary transactions.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Providing communications and reporting, and maintaining the registers of investors of the Fund.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Marketing our products and services.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Monitoring and analyzing our activities.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Processing investments, withdrawals, and dividend payments.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Maintaining global client and investor records, and providing centralized administrative, marketing, and
client services.</td></tr></table>


<!-- Field: Page; Sequence: 87; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->81<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Investigating and resolving complaints; managing litigation; and monitoring electronic communications
for fraud or crime detection or for regulatory reasons.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Complying with applicable legal or regulatory requirements (e.g., anti-money laundering, fraud prevention,
tax reporting, sanctions compliance, and responding to requests from supervisory authorities or law enforcement agencies).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will use a permitted legal ground under applicable
Data Protection Laws to process your personal information. Such grounds include where:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Processing is necessary to perform our obligations under the applicable Client Documents.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">We are required to comply with a legal or regulatory obligation applicable to us.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">We, or a third party on our behalf, have determined that it is necessary for our legitimate interests
to collect and use your personal information, particularly where we believe you have a reasonable expectation for such collection or use.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Consequences of Failing to Provide Personal
Information</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If personal data is required to satisfy a statutory
obligation (including compliance with anti-money laundering or sanctions requirements) or a contractual requirement, failure to provide
such information may result in your subscription being rejected or your shares/interests becoming subject to compulsory redemption or
withdrawal. Where there is suspicion of unlawful activity, failure to provide personal data may lead to a report to the relevant law enforcement
agency or supervisory authority.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">How We May Share Personal Data</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may disclose your information to our affiliates,
Service Providers, or other third parties to accept your subscription, administer and maintain your account(s), or otherwise perform our
contractual obligations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may also share your personal information:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">With courts, ombudsmen, or regulatory, tax, or law enforcement authorities to comply with applicable legal
or regulatory requirements.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">To respond to court orders, regulatory requests for information, administrative proceedings, or investigations.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">When we believe in good faith that disclosure is legally required or we or a Fund have a legitimate interest
in making a disclosure (e.g., to protect our or a Fund&#8217;s rights and property).</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">If you direct us to do so.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">As necessary under anti-money laundering and similar laws to facilitate the establishment of trading relationships
for the Fund with prime brokers, custodians, executing brokers, or other trading counterparties.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may also disclose information about you, or
your transactions and experiences with us, to our affiliates or service providers for our everyday business purposes, such as administration,
record-keeping, IT system security, activity monitoring and reporting, investor relations, and compliance with legal and regulatory requirements.</p>


<!-- Field: Page; Sequence: 88; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->82<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Retention Periods and Security Measures</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We retain personal data only as long as necessary
for the purpose collected, subject to applicable Data Protection Laws. Personal data will generally be retained for the duration of your
investment and for a minimum of five years after redemption, withdrawal, or Fund liquidation. We may retain data longer for marketing
purposes or compliance with applicable law. We periodically review collected data to determine if retention remains purposeful.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To protect your personal information from unauthorized
access and use, we implement organizational and technical security measures in accordance with applicable Data Protection Laws, including
computer safeguards and secured files and buildings. We will notify you of any material personal data breaches affecting you as required
by applicable Data Protection Laws.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additional Information Under U.S. Federal
Law (Gramm-Leach-Bliley Act &amp; Fair Credit Reporting Act)</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For U.S. federal law purposes, this Privacy Notice
applies to current and former investors who are individuals or Individual Retirement Accounts.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">We may disclose information about our investors (current, prospective, or former) to affiliates (financial
and non-financial companies related by common ownership or control) or non-affiliates (companies not related by common ownership or control)
for our everyday business purposes (e.g., processing transactions, maintaining accounts, responding to court orders/legal investigations).</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Disclosure of investor information may also be necessary or appropriate under anti-money laundering and
similar laws to accept subscriptions.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">We will release information if you direct us to do so.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">We may share your information with our affiliates for direct marketing (e.g., offers of products and services).
<b>You may prevent this type of sharing by contacting us at (212) 542-4635 or dataprotection@sabacapital.com.</b> If you are a new investor,
we can begin sharing with affiliates for direct marketing 30 days from the date this Privacy Notice was sent. If you are no longer an
investor, we may continue to share your information with our affiliates for such purposes.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">You may contact us at any time to limit our sharing of your personal information at <b>(212) 542-4635</b>
or <b>dataprotection@sabacapital.com.</b> If you limit sharing for a jointly held account, your choices apply to everyone on that account.
U.S. state laws may grant you additional rights to limit sharing.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">We <b>do not</b> share your information with non-affiliates for them to market their own services to you.
We may disclose information you provide to us to companies performing marketing services on our behalf (e.g., placement agents).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additional Information for California Residents</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you are a California resident, California law
may provide you with additional rights regarding our collection and use of your personal information. For more information, please refer
to the <b>California Consumer Privacy Notice (Addendum I)</b> to this Privacy Notice.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additional Information Under the Cayman Islands
Data Protections Act (2021 Revision) (&#8220;DPA&#8221;)</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For investors in Fund organized under Cayman Islands
law, the applicable Fund may share your personal information with Service Providers (including the Adviser, administrator, custodians,
prime brokers, or others) located outside the Cayman Islands. Information may also be shared with the Cayman Islands Monetary Authority
or the Tax Information Authority, who may exchange it with foreign tax authorities, regulatory bodies, or law enforcement agencies.</p>


<!-- Field: Page; Sequence: 89; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->83<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By submitting your personal data, you consent
to its transfer to the Adviser and other recipients described in this notice located outside the Cayman Islands. Any such transfer will
comply with the DPA. You may withdraw your consent at any time; this withdrawal will not affect the lawfulness of processing based on
consent before its withdrawal.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You may have certain rights under the DPA, including:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">The right to be informed.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">The right of access.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">The right to rectification.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">The right to stop or restrict processing.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">The right to stop direct marketing.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">Rights in relation to automated decision making.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">The right to seek compensation.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify">The right to complain to the supervisory authority.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To exercise these rights, please contact <b>(212)
542-4635</b> or <b>dataprotection@sabacapital.com</b>. Complaints regarding a Fund may be lodged with the Office of the Ombudsman in the
Cayman Islands; however, we encourage you to contact us first to address any concerns.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additional Information Under the General
Data Protection Regulation (&#8220;GDPR&#8221;)</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You may have certain rights under EU General Data
Protection Regulation and equivalent regulation in the United Kingdom (collectively, &#8220;GDPR&#8221;) regarding our processing of your
personal data. These include rights to:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Access:</b> Confirm if your personal data is processed and request access to it, enabling you to receive
a copy and confirmation of processing methods/reasons.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Rectification:</b> Request correction of incomplete or inaccurate personal data.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Erasure:</b> Request erasure of your personal data in certain circumstances (the &#8220;right to be
forgotten&#8221;).</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Objection:</b> Object to processing of your personal data (on grounds related to your situation) where
we rely on a legitimate interest. We may continue processing if we have compelling legitimate grounds. You also have the right to object
to processing for direct marketing.</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Restriction:</b> Request restriction of processing in certain circumstances (e.g., if you want us to
establish accuracy or reason for processing).</td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><b>Portability:</b> In certain circumstances, request to receive personal data you provided in a structured,
commonly used, and machine-readable format.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please note that the right to be forgotten may
not be available for the data we hold, given its collection purpose. If we relied on your consent for a particular purpose, you have the
right to withdraw it.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To exercise these rights, please contact <b>(212)
542-4635</b> or <b>dataprotection@sabacapital.com</b>. You also have the right to lodge a complaint about data processing with the competent
data protection supervisory authority. For Saba Capital Management (UK) Limited (an affiliate), complaints may be made to the Information
Commissioner&#8217;s Office in the UK. We ask that you contact us first to address any concerns.</p>


<!-- Field: Page; Sequence: 90; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->84<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Due to the international nature of our business,
your personal data may be transferred to jurisdictions that do not offer equivalent protection to GDPR (&#8220;Third Countries&#8221;).
In such cases, we will process data (or procure its processing) in Third Countries in accordance with GDPR requirements, potentially including
contractual undertakings with service providers. Transfers to regulators or government agencies in Third Countries may also occur if necessary
for administrative proceedings (e.g., requests for information, examinations, investigations) or for legitimate business purposes (e.g.,
compliance with foreign legal/regulatory obligations, establishing/defending legal claims).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Revisions To Our Privacy Policies</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Adviser evaluates its privacy policies and
procedures for continuous improvement. The Adviser reserves the right to amend the terms contained herein in whole or in part for any
reason. We therefore suggest that you review this Privacy Notice periodically, which is available at <b><span style="text-decoration: underline">https://www.sabacapital.com/privacy-policy/</span></b>.</p>


<!-- Field: Page; Sequence: 91; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->85<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>15,000,000 Shares</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Saba Capital Income &amp; Opportunities Fund</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Common Shares of Beneficial Interest</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Rights to Purchase Common Shares of Beneficial
Interest</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>PROSPECTUS</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[&#9679;], 2025</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p>



<!-- Field: Page; Sequence: 92; Options: NewSection; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="font-size: 9pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="color: Red">THE INFORMATION IN THIS
STATEMENT OF ADDITIONAL INFORMATION IS NOT COMPLETE AND MAY BE CHANGED. WE MAY NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS STATEMENT OF ADDITIONAL INFORMATION IS NOT AN OFFER TO SELL THESE
SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY JURISDICTION WHERE THE OFFER OR SALE IS NOT PERMITTED.</span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="color: Red">&#160;</span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="color: Red"><b>Subject to Completion<br/>
Dated [&#9679;], 2025</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><img src="fp0094187-1_01.jpg" alt="" style="height: 174px; width: 400px"/></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Saba Capital Income &amp; Opportunities Fund</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>STATEMENT OF ADDITIONAL INFORMATION</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Saba Capital Income &amp; Opportunities Fund (the &#8220;Fund&#8221;) is
a non-diversified, closed-end management investment company. This Statement of Additional Information (&#8220;SAI&#8221;) relating to
the Fund&#8217;s common shares of beneficial interest (&#8220;common shares&#8221;) does not constitute a prospectus, but should be read
in conjunction with the prospectus relating thereto dated [&#9679;], 2025 and any related prospectus supplement. This SAI, which is not
a prospectus, does not include all information that a prospective investor should consider before purchasing common shares, and investors
should obtain and read the Prospectus and any related prospectus supplement prior to purchasing such shares. A copy of the Prospectus
and any related prospectus supplement may be obtained without charge by calling +1 888.615.4310. You may also obtain a copy of the Prospectus
on the Securities and Exchange Commission&#8217;s (the &#8220;SEC&#8221;) website (http://www.sec.gov). Capitalized terms used but not
defined in this SAI have the meanings ascribed to them in the Prospectus.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">References to the Investment Company Act of 1940, as amended (the &#8220;Investment
Company Act&#8221;), or other applicable law, will include any rules promulgated thereunder and any guidance, interpretations or modifications
by the SEC, SEC staff or other authority with appropriate jurisdiction, including court interpretations, and exemptive, no-action or other
relief or permission from the SEC, SEC staff or other authority.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>This Statement of Additional Information is dated
[&#9679;], 2025.</b></p>


<!-- Field: Page; Sequence: 93; Options: NewSection; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>TABLE OF CONTENTS</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 95%">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 5%; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b>Page</b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif">THE FUND</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-3</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif">INVESTMENT OBJECTIVES AND POLICIES</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-3</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif">INVESTMENT POLICIES AND TECHNIQUES</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-5</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif">OTHER INVESTMENT POLICIES AND TECHNIQUES</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-21</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif">ADDITIONAL RISK FACTORS</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-22</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif">MANAGEMENT OF THE FUND</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-44</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif">PORTFOLIO TRANSACTIONS AND BROKERAGE</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-54</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif">PORTFOLIO TURNOVER RATE</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">[&#9679;]</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif">CONFLICTS OF INTEREST</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-48</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif">DESCRIPTION OF SHARES</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-71</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif">REPURCHASE OF COMMON SHARES</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-72</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif">TAX MATTERS</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-73</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif">CUSTODIAN AND TRANSFER AGENT</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-82</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif">INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-82</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif">CONTROL PERSONS AND PRINCIPAL HOLDERS OF SECURITIES</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-82</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif">INCORPORATION BY REFERENCE</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-82</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif">FINANCIAL STATEMENTS</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">S-83</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif">APPENDIX A: PROXY VOTING POLICY AND PROCEDURES</span></td>
    <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">A-1</span></td></tr>
  </table>

<!-- Field: Page; Sequence: 94; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>THE FUND</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund is a non-diversified, closed-end management
investment company registered under the Investment Company Act. The Fund was formed as a Massachusetts business trust on December 2, 1987,
pursuant to its Agreement and Declaration of Trust, as subsequently amended (the &#8220;Declaration of Trust&#8221;) and is governed by
the laws of the Commonwealth of Massachusetts. The Fund commenced operations on May 12, 1987. The Fund first changed its name from Pilgrim
Prime Rate Trust to Pilgrim America Prime Rate Trust, effective April 12, 1996, and then changed its name back to Pilgrim Prime Rate Trust,
effective November 16, 1998. Effective March 1, 2002, the Fund changed its name to ING Prime Rate Trust. Effective May 1, 2014, the Fund
changed its name to Voya Prime Rate Trust. Effective June 4, 2021, and as a result of Saba Capital Management, L.P. (the &#8220;Adviser&#8221;)
assuming the role as investment adviser to the Fund, the Fund changed its name to Saba Capital Income &amp; Opportunities Fund. The Fund&#8217;s
common shares are traded on the NYSE under the symbol &#8220;BRW.&#8221;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>INVESTMENT
OBJECTIVES AND POLICIES </b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund&#8217;s investment objective is set forth
in the Prospectus. The investment objective is a non-fundamental policy that may be changed by the Board of Trustees (the &#8220;Board&#8221;)
without shareholder approval upon 60 days&#8217; prior written notice to shareholders.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Investment Restrictions</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Unless otherwise noted, whenever an investment policy
or limitation states a maximum percentage of the Fund&#8217;s assets that may be invested in any security or other asset, or sets forth
a policy regarding quality standards, such percentage limitation or standard will be determined immediately after and as a result of the
Fund&#8217;s acquisition of such security or other asset, except in the case of borrowing (or other activities that may be deemed to result
in the issuance of a &#8220;senior security&#8221; under the Investment Company Act). Accordingly, any subsequent change in value, net
assets or other circumstances will not be considered when determining whether the investment complies with the Fund&#8217;s investment
policies and limitations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund has adopted restrictions and policies relating
to the investment of the Fund&#8217;s assets and its activities. Certain of the restrictions are fundamental policies of the Fund and
may not be changed without the approval of the holders of a majority of the Fund&#8217;s outstanding voting securities (which for this
purpose and under the Investment Company Act means the lesser of (i) 67% of the shares represented at a meeting at which more than 50%
of the outstanding shares are represented or (ii) more than 50% of the outstanding shares).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Fundamental Investment Restrictions. Under these
fundamental investment restrictions, the Fund may not:</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">1.</td><td style="text-align: justify">issue senior securities, except insofar as the Fund may be deemed to have issued a senior security by
reason of: (i) entering into certain interest rate hedging transactions; (ii) entering into reverse repurchase agreements; (iii) borrowing
money in an amount permitted under the Investment Company Act, including the rules, regulations, interpretations thereunder, and any exemptive
relief provided by the SEC; or (iv) issuing a class or classes of preferred shares in an amount not exceeding 50%, or such other percentage
permitted by law, of the Fund&#8217;s total assets less all liabilities and indebtedness not represented by senior securities;</td></tr></table>


<!-- Field: Page; Sequence: 95; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">2.</td><td style="text-align: justify">invest more than 25% of its total assets in any industry;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">3.</td><td style="text-align: justify">make investments in any one issuer other than U.S. government securities if, immediately after such purchase
or acquisition, more than 5% of the value of the Fund&#8217;s total assets would be invested in such issuer, or the Fund would own more
than 25% of any outstanding issue, except that up to 25% of the Fund&#8217;s total assets may be invested without regarding to the foregoing
restrictions. For the purpose of the foregoing restriction, the Fund will consider the borrower of a U.S. dollar-denominated floating
rate senior secured loan (&#8220;Senior Loan&#8221;) to be the issuer of such Senior Loan. In addition, with respect to a Senior Loan
under which the Fund does not have privity with the borrower or would not have a direct cause of action against the borrower in the event
of a failure of the borrower to pay scheduled principal or interest, the Fund will also separately meet the foregoing requirements and
consider each interposed bank (a lender from which the Fund acquires a Senior Loan) to be an issuer of the Senior Loan;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">4.</td><td style="text-align: justify">act as an underwriter of securities, except to the extent that it may be deemed to act as an underwriter
in certain cases when disposing of its portfolio investments or acting as an agent or one of a group of co-agents in originating Senior
Loans;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">5.</td><td style="text-align: justify">purchase or sell real estate, real estate mortgage loans, commodities, commodity futures contracts, or
oil or gas exploration or development programs;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">6.</td><td style="text-align: justify">make loans of money or property to any person, except that the Fund: (i) may make loans to corporations
or other business entities, or enter into leases or other arrangements that have the characteristics of a loan; (ii) may lend portfolio
instruments; and (iii) may acquire securities subject to repurchase agreements; or</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">7.</td><td style="text-align: justify">make investments on margin or hypothecate, mortgage, or pledge any of its assets except for the purpose
of securing borrowings as described in connection with the issuance of senior securities and then only in an amount up to 33 &#8531;%
(50% in the case of the issuance of a preferred class of shares), or such other percentage permitted by law, of the value of the Fund&#8217;s
total assets (including, with respect to borrowings, the amount borrowed) less all liabilities other than borrowings (or, in the case
of issuance of senior securities, less all liabilities and indebtedness not represented by senior securities).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">With regard to restriction number 3, the Fund will
consider the borrower on a loan, including a loan participation, to be the issuer of that loan. In addition, with respect to a loan under
which the Fund does not have privity with the borrower or would not have a direct cause of action against the borrower in the event of
the failure of the borrower to pay scheduled principal or interest, the Fund will also consider each interposed bank (a lender from which
the Fund acquires a loan) to be an issuer of the loan.</p>


<!-- Field: Page; Sequence: 96; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For avoidance of doubt, restriction number 5 does
not cover investments in exchange-traded funds or other pools/vehicles, that themselves invest in real estate, mortgage loans, commodities,
futures, contracts or oil or gas exploration or development programs.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>INVESTMENT
POLICIES AND TECHNIQUES</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following information supplements the discussion
of the Fund&#8217;s investment objectives, policies and techniques that are described in the Prospectus. The Prospectus identifies the
types of securities in which the Fund invests principally and summarizes the principal risks to the Fund&#8217;s portfolio as a whole
associated with such investments. To the extent that a type of security identified below is not described in the Prospectus (or as a sub-category
of such security type in this SAI), the Fund generally invests such security type, if at all, as part of its non-principal investment
strategies. The Fund may, but is not required to, invest in any or all of the types of securities described below to the extent not prohibited
by its fundamental investment policies.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Collateralized Bond Obligations</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Collateralized bond obligations (&#8220;CBOs&#8221;)
are investment grade bonds backed by a pool of bonds, which may include junk bonds, which are considered speculative investments. CBOs
are often privately offered and sold, and thus not registered under the federal securities laws.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Underwriters of CBOs package a large and diversified
pool of high-risk, high-yield junk bonds, which is then structured into &#8220;tranches.&#8221; Typically, the first tranche represents
a senior claim on collateral and pays the lowest interest rate; the second tranche is junior to the first tranche and therefore subject
to greater risk and pays a higher rate; the third tranche is junior to both the first and second tranche, represents the lowest credit
quality and instead of receiving a fixed interest rate receives the residual interest payments &#8211; money that is left over after the
higher tranches have been paid. CBOs are substantially overcollateralized and this, plus diversification of the pool backing them, may
earn certain of the tranches investment-grade bond ratings. Holders of third-tranche CBOs stand to earn higher or lower yields depending
on the rate of defaults in the collateral pool.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Commercial Paper</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Commercial paper is a short-term debt obligation,
usually sold on a discount basis, with a maturity ranging from 2 to 270 days issued by banks, corporations and other borrowers. It is
sold to investors with temporary idle cash as a way to increase returns on a short-term basis. These instruments are generally unsecured,
which increases the credit risk associated with this type of investment.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Corporate Debt Securities</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Corporate debt securities are long and short term
fixed income securities typically issued by businesses to finance their operations. Corporate debt securities are issued by public or
private companies, as distinct from debt securities issued by a government or its agencies. The issuer of a corporate debt security often
has a contractual obligation to pay interest at a stated rate on specific dates and to repay principal periodically or on a specified
maturity date. Corporate debt securities typically have four distinguishing features: (i) they are taxable; (ii) they have a par value
of $1,000; (iii) they have a term maturity, which means they come due at a specified time period; and (iv) many are traded on major securities
exchanges. Notes, bonds, debentures and commercial paper are the most common types of corporate debt securities, with the primary difference
being their interest rates, maturity dates and secured or unsecured status. Commercial paper has the shortest term and usually is unsecured,
as are debentures. The broad category of corporate debt securities includes debt issued by domestic or foreign companies of all kinds,
including those with small-, mid- and large-capitalizations. The category also includes bank loans, as well as assignments, participations
and other interests in bank loans. Corporate debt securities may be rated investment grade or below investment grade and may be structured
as fixed-, variable or floating-rate obligations or as zero-coupon, pay-in-kind and step-coupon securities and may be privately placed
or publicly offered. They may also be senior or subordinated obligations.</p>


<!-- Field: Page; Sequence: 97; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Extendible commercial notes (&#8220;ECNs&#8221;) are
very similar to commercial paper except that, with ECNs, the issuer has the option to extend the notes&#8217; maturity. ECNs are issued
at a discount rate, with an initial redemption of not more than 90 days from the date of issue. If ECNs are not redeemed by the issuer
on the initial redemption date, the issuer will pay a premium (step-up) rate based on the ECN&#8217;s credit rating at the time.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because of the wide range of types and maturities
of corporate debt securities, as well as the range of creditworthiness of issuers, corporate debt securities can have widely varying risk/return
profiles. For example, commercial paper issued by a large established domestic corporation that is rated by an NRSRO as investment grade
may have a relatively modest return on principal but present relatively limited risk. On the other hand, a long-term corporate note issued,
for example, by a small foreign corporation from an emerging market country that has not been rated by an NRSRO may have the potential
for relatively large returns on principal but carries a relatively high degree of risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Custody Receipts and Trust Certificates</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Custody receipts and trust certificates are derivative
products that evidence direct ownership in a pool of securities. Typically, a sponsor will deposit a pool of securities with a custodian
in exchange for custody receipts evidencing interests in those securities. The sponsor generally then will sell the custody receipts or
trust certificates in negotiated transactions at varying prices. Each custody receipt or trust certificate evidences the individual securities
in the pool and the holder of a custody receipt or trust certificate generally will have all the rights and privileges of owners of those
securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Debt Obligations</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Many different types of debt obligations exist (for
example, bills, bonds, and notes). Issuers of debt obligations have a contractual obligation to pay interest at a fixed, variable or floating
rate on specified dates and to repay principal by a specified maturity date. Certain debt obligations (usually intermediate and long-term
bonds) have provisions that allow the issuer to redeem or &#8220;call&#8221; a bond before its maturity. Issuers are most likely to call
these securities during periods of falling interest rates. When this happens, an investor may have to replace these securities with lower
yielding securities, which could result in a lower return.</p>


<!-- Field: Page; Sequence: 98; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The market value of debt obligations is affected primarily
by changes in prevailing interest rates, changes in the economic environment and the issuer&#8217;s perceived ability to repay the debt.
The market value of a debt obligation generally reacts inversely to interest rate changes. When prevailing interest rates decline, the
market value of the bond usually rises, and when prevailing interest rates rise, the market value of the bond usually declines.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As noted, the values of debt obligations also may
be affected by changes in the credit rating or financial condition of their issuers. Generally, the lower the quality rating of a security,
the higher the degree of risk as to the payment of interest and return of principal. To compensate investors for taking on such increased
risk, those issuers deemed to be less creditworthy generally must offer their investors higher interest rates than do issuers with better
credit ratings.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Dollar Rolls</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dollar rolls involve selling securities (<i>e.g.</i>,
or U.S. Treasury securities) and simultaneously entering into a commitment to purchase those or similar securities on a specified future
date and price from the same party. A U.S. Treasury roll is a type of dollar roll. The Fund foregoes principal and interest paid on the
securities during the &#8220;roll&#8221; period. The Fund is compensated by the difference between the current sales price and the lower
forward price for the future purchase of the securities, as well as the interest earned on the cash proceeds of the initial sale. The
investor also could be compensated through the receipt of fee income equivalent to a lower forward price. Dollar roll transactions may
result in higher transaction costs for the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Exchange-Traded Notes</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Exchange-traded notes (&#8220;ETNs&#8221;) are instruments
that combine aspects of bonds and exchange-traded funds (ETFs) and are designed to provide investors with access to the returns, less
investor fees and expenses, of various market benchmarks or strategies to which they are usually linked. When an investor buys an ETN,
the issuer, typically an underwriting bank, promises to pay upon maturity the amount reflected in the benchmark or strategy (minus fees
and expenses). Some ETNs make periodic coupon payments. Like ETFs, ETNs are traded on an exchange, but ETNs have additional risks compared
to ETFs, including the risk that if the credit of the ETN issuer becomes suspect, the investment might lose some or all of its value.
Though linked to the performance, for example, of a market benchmark, ETNs are not equities or index funds, but they do share several
characteristics. Similar to equities, ETNs are traded on an exchange and can be sold short. Similar to index funds, ETNs may be linked
to the return of a benchmark or strategy, but ETNs do not have an ownership interest in the instruments underlying the benchmark or strategy
the ETN is tracking.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Foreign Currency Transactions</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Spot Rates and Derivative Instruments</i>. The
Fund may conduct its foreign currency exchange transactions either at the spot (cash) rate prevailing in the foreign currency exchange
market or by entering into forward foreign currency exchange contracts (forward contracts). These contracts are traded in the interbank
market conducted directly between currency traders (usually large commercial banks) and their customers. Because foreign currency transactions
occurring in the interbank market might involve substantially larger amounts than those involved in the use of such derivative instruments,
the Fund could be disadvantaged by having to deal in the odd lot market for the underlying foreign currencies at prices that are less
favorable than for round lots. The Fund may enter into forward contracts for a variety of reasons, including for risk management (hedging)
or for investment purposes.</p>


<!-- Field: Page; Sequence: 99; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">When the Fund enters into a contract for the purchase
or sale of a security denominated in a foreign currency or has been notified of a dividend or interest payment, it may desire to lock
in the price of the security or the amount of the payment, usually in U.S. dollars, although it could desire to lock in the price of the
security in another currency. By entering into a forward contract, the Fund would be able to protect itself against a possible loss resulting
from an adverse change in the relationship between different currencies from the date the security is purchased or sold to the date on
which payment is made or received or when the dividend or interest is actually received.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may enter into forward contracts when management
of the Fund believes the currency of a particular foreign country may decline in value relative to another currency. When selling currencies
forward in this fashion, the Fund may seek to hedge the value of foreign securities it holds against an adverse move in exchange rates.
The precise matching of forward contract amounts and the value of securities involved generally will not be possible since the future
value of securities in foreign currencies more than likely will change between the date the forward contract is entered into and the date
it matures. The projection of short-term currency market movements is extremely difficult and successful execution of a short-term hedging
strategy is highly uncertain.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This method of protecting the value of the Fund&#8217;s
securities against a decline in the value of a currency does not eliminate fluctuations in the underlying prices of the securities. It
simply establishes a rate of exchange that can be achieved at some point in time. Although forward contracts can be used to minimize the
risk of loss due to a decline in value of hedged currency, they will also limit any potential gain that might result should the value
of such currency increase.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may also enter into forward contracts when
the Fund&#8217;s portfolio manager believes the currency of a particular country will increase in value relative to another currency.
The Fund may buy currencies forward to gain exposure to a currency without incurring the additional costs of purchasing securities denominated
in that currency.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For example, the combination of U.S. dollar-denominated
instruments with long forward currency exchange contracts creates a position economically equivalent to a position in the foreign currency,
in anticipation of an increase in the value of the foreign currency against the U.S. dollar. Conversely, the combination of U.S. dollar-denominated
instruments with short forward currency exchange contracts is economically equivalent to borrowing the foreign currency for delivery at
a specified date in the future, in anticipation of a decrease in the value of the foreign currency against the U.S. dollar.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Unanticipated changes in the currency exchange results
could result in poorer performance for Funds that enter into these types of transactions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At maturity of a forward contract, the Fund may either
deliver (if a contract to sell) or take delivery of (if a contract to buy) the foreign currency or terminate its contractual obligation
by entering into an offsetting contract with the same currency trader, having the same maturity date, and covering the same amount of
foreign currency.</p>


<!-- Field: Page; Sequence: 100; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Fund engages in an offsetting transaction,
it will incur a gain or loss to the extent there has been movement in forward contract prices. If the Fund engages in an offsetting transaction,
it may subsequently enter into a new forward contract to buy or sell the foreign currency.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Although the Fund values its assets each business
day in terms of U.S. dollars, it may not intend to convert its foreign currencies into U.S. dollars on a daily basis. However, it will
do so from time to time, and such conversions involve certain currency conversion costs. Although foreign exchange dealers do not charge
a fee for conversion, they do realize a profit based on the difference (spread) between the prices at which they buy and sell various
currencies. Thus, a dealer may offer to sell a foreign currency to the Fund at one rate, while offering a lesser rate of exchange should
the Fund desire to resell that currency to the dealer.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">It is possible, under certain circumstances, including
entering into forward currency contracts for investment purposes, that the Fund will be required to limit or restructure its forward contract
currency transactions to qualify as a &#8220;regulated investment company&#8221; under the Code.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Options on Foreign Currencies</i>. The Fund may
buy put and call options and write covered call and cash-secured put options on foreign currencies for hedging purposes and to gain exposure
to foreign currencies. For example, a decline in the dollar value of a foreign currency in which securities are denominated will reduce
the dollar value of such securities, even if their value in the foreign currency remains constant. In order to protect against the diminutions
in the value of securities, the Fund may buy put options on the foreign currency. If the value of the currency does decline, the Fund
would have the right to sell the currency for a fixed amount in dollars and would thereby offset, in whole or in part, the adverse effect
on its portfolio that otherwise would have resulted.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Conversely, where a change in the dollar value of
a currency would increase the cost of securities the Fund plans to buy, or where the Fund would benefit from increased exposure to the
currency, the Fund may buy call options on the foreign currency, giving it the right to purchase the currency for a fixed amount in dollars.
The purchase of the options could offset, at least partially, the changes in exchange rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As in the case of other types of options, however,
the benefit to the Fund derived from purchases of foreign currency options would be reduced by the amount of the premium and related transaction
costs. In addition, where currency exchange rates do not move in the direction or to the extent anticipated, the Fund could sustain losses
on transactions in foreign currency options that would require it to forego a portion or all of the benefits of advantageous changes in
rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may write options on foreign currencies for
similar purposes. For example, when the Fund anticipates a decline in the dollar value of foreign-denominated securities due to adverse
fluctuations in exchange rates, it could, instead of purchasing a put option, write a call option on the relevant currency, giving the
option holder the right to purchase that currency from the Fund for a fixed amount in dollars. If the expected decline occurs, the option
would most likely not be exercised and the diminution in value of securities would be offset, at least partially, by the amount of the
premium received.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Similarly, instead of purchasing a call option when
a foreign currency is expected to appreciate, the Fund could write a put option on the relevant currency, giving the option holder the
right to that currency from the Fund for a fixed amount in dollars. If rates move in the manner projected, the put option would expire
unexercised and allow the Fund to hedge increased cost up to the amount of the premium.</p>


<!-- Field: Page; Sequence: 101; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As in the case of other types of options, however,
the writing of a foreign currency option will constitute only a partial hedge up to the amount of the premium, and only if rates move
in the expected direction. If this does not occur, the option may be exercised and the Fund would be required to buy or sell the underlying
currency at a loss that may not be offset by the amount of the premium. Through the writing of options on foreign currencies, the Fund
also may be required to forego all or a portion of the benefits that might otherwise have been obtained from favorable movements on exchange
rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">An option written on foreign currencies is covered
if the Fund holds currency sufficient to cover the option or has an absolute and immediate right to acquire that currency without additional
cash consideration upon conversion of assets denominated in that currency or exchange of other currency held in its portfolio. An option
writer could lose amounts substantially in excess of its initial investments, due to the margin and collateral requirements associated
with such positions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Options on foreign currencies are traded through financial
institutions acting as market-makers, although foreign currency options also are traded on certain national securities exchanges, such
as the Philadelphia Stock Exchange and the Chicago Board Options Exchange, subject to SEC regulation. In an over-the-counter trading environment,
many of the protections afforded to exchange participants will not be available. For example, there are no daily price fluctuation limits,
and adverse market movements could therefore continue to an unlimited extent over a period of time. Although the purchaser of an option
cannot lose more than the amount of the premium plus related transaction costs, this entire amount could be lost.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Foreign currency option positions entered into on
a national securities exchange are cleared and guaranteed by the OCC, thereby reducing the risk of counterparty default. Further, a liquid
secondary market in options traded on a national securities exchange may be more readily available than in the over-the-counter market,
potentially permitting the Fund to liquidate open positions at a profit prior to exercise or expiration, or to limit losses in the event
of adverse market movements.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Foreign Currency Futures and Related Options</i>.
The Fund may enter into currency futures contracts to buy or sell currencies. It also may buy put and call options and write covered call
and cash-secured put options on currency futures. Currency futures contracts are similar to currency forward contracts, except that they
are traded on exchanges (and have margin requirements) and are standardized as to contract size and delivery date. Most currency futures
call for payment of delivery in U.S. dollars. The Fund may use currency futures for the same purposes as currency forward contracts, subject
to CFTC limitations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Currency futures and options on futures values can
be expected to correlate with exchange rates, but will not reflect other factors that may affect the value of the Fund&#8217;s investments.
A currency hedge, for example, should protect a Yen-denominated bond against a decline in the Yen, but will not protect the Fund against
price decline if the issuer&#8217;s creditworthiness deteriorates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because the value of the Fund&#8217;s investments
denominated in foreign currency will change in response to many factors other than exchange rates, it may not be possible to match the
amount of a forward contract to the value of the Fund&#8217;s investments denominated in that currency over time.</p>


<!-- Field: Page; Sequence: 102; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Guaranteed Investment Contracts (Funding Agreements)</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Guaranteed investment contracts, or funding agreements,
are short-term, privately placed debt instruments issued by insurance companies. Pursuant to such contracts, the Fund may make cash contributions
to a deposit fund of the insurance company&#8217;s general account. The insurance company then credits to the Fund payments at negotiated,
floating or fixed interest rates. The Fund will purchase guaranteed investment contracts only from issuers that, at the time of purchase,
meet certain credit and quality standards. In general, guaranteed investment contracts are not assignable or transferable without the
permission of the issuing insurance companies, and an active secondary market does not exist for these investments. In addition, the issuer
may not be able to pay the principal amount to the Fund on seven days&#8217; notice or less, at which time the investment may be considered
illiquid.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>High-Yield Securities </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">High-yield, or low and below investment grade securities
(below investment grade securities are also known as &#8220;junk bonds&#8221;) are debt securities with the lowest investment grade rating
(e.g., BBB by S&amp;P and Fitch or Baa by Moody&#8217;s), that are below investment grade (e.g., lower than BBB by S&amp;P and Fitch or
Baa by Moody&#8217;s) or that are unrated but determined by the Fund&#8217;s portfolio managers to be of comparable quality. These types
of securities may be issued to fund corporate transactions or restructurings, such as leveraged buyouts, mergers, acquisitions, debt reclassifications
or similar events. High-yield securities may be more speculative in nature than securities with higher ratings and tend to be more sensitive
to credit risk, particularly during a downturn in the economy. These types of securities may be issued by unseasoned companies without
long track records of sales and earnings, or by companies or municipalities that have questionable credit strength. High-yield securities
and comparable unrated securities: (i) likely will have some quality and protective characteristics that, in the judgment of one or more
Nationally Recognized Statistical Rating Organizations, are outweighed by large uncertainties or major risk exposures to adverse conditions;
(ii) are speculative with respect to the issuer&#8217;s capacity to pay interest and repay principal in accordance with the terms of the
obligation; and (iii) may have a less liquid secondary market, potentially making it difficult to value or sell such securities. Credit
ratings issued by credit rating agencies are designed to evaluate the safety of principal and interest payments of rated securities. They
do not, however, evaluate the market value risk of lower-quality securities and, therefore, may not fully reflect the true risks of an
investment. In addition, credit rating agencies may or may not make timely changes in a rating to reflect changes in the economy or in
the condition of the issuer that affect the market value of the securities. Consequently, credit ratings are used only as a preliminary
indicator of investment quality. High-yield securities may be structured as fixed-, variable- or floating-rate obligations or as zero-
coupon, pay-in-kind and step-coupon securities and may be privately placed or publicly offered.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The rates of return on these types of securities generally
are higher than the rates of return available on more highly rated securities, but generally involve greater volatility of price and risk
of loss of principal and income, including the possibility of default by or insolvency of the issuers of such securities. Accordingly,
the Fund may be more dependent on the Adviser&#8217;s credit analysis with respect to these types of securities than is the case for more
highly rated securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The market values of certain high-yield securities
and comparable unrated securities tend to be more sensitive to individual corporate developments and changes in economic conditions than
are the market values of more highly rated securities. In addition, issuers of high-yield and comparable unrated securities often are
highly leveraged and may not have more traditional methods of financing available to them, so that their ability to service their debt
obligations during an economic downturn or during sustained periods of rising interest rates may be impaired.</p>


<!-- Field: Page; Sequence: 103; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The risk of loss due to default is greater for high-yield
and comparable unrated securities than it is for higher rated securities because high-yield securities and comparable unrated securities
generally are unsecured and frequently are subordinated to more senior indebtedness. The Fund may incur additional expenses to the extent
that it is required to seek recovery upon a default in the payment of principal or interest on its holdings of such securities. The existence
of limited markets for lower-rated debt securities may diminish the Fund&#8217;s ability to: (i) obtain accurate market quotations for
purposes of valuing such securities and calculating portfolio net asset value; and (ii) sell the securities at fair market value either
to meet redemption requests or to respond to changes in the economy or in financial markets.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Many lower-rated securities are not registered for
offer and sale to the public under the Securities Act. Investments in these restricted securities may be determined to be liquid (able
to be sold or disposed of in current market conditions in seven days or less without the sales or dispositions significantly changing
the market value of the investment). The Fund is not otherwise subject to any limitation on its ability to invest in restricted securities.
Restricted securities may be less liquid than other lower-rated securities, potentially making it difficult to value or sell such securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Inflation-Protected Securities </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inflation is a general rise in prices of goods and
services. Inflation erodes the purchasing power of an investor&#8217;s assets. For example, if an investment provides a total return of
7% in a given year and inflation is 3% during that period, the inflation- adjusted, or real, return is 4%. Inflation-protected securities
are debt securities whose principal and/or interest payments are adjusted for inflation, unlike debt securities that make fixed principal
and interest payments. One type of inflation-protected debt security is issued by the U.S. Treasury. The principal of these securities
is adjusted for inflation as indicated by the Consumer Price Index (&#8220;CPI&#8221;) for urban consumers and interest is paid on the
adjusted amount. The CPI is a measurement of changes in the cost of living, made up of components such as housing, food, transportation
and energy.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the CPI falls, the principal value of inflation-protected
securities will be adjusted downward, and consequently the interest payable on these securities (calculated with respect to a smaller
principal amount) will be reduced. Conversely, if the CPI rises, the principal value of inflation-protected securities will be adjusted
upward, and consequently the interest payable on these securities will be increased. Repayment of the original bond principal upon maturity
is guaranteed in the case of U.S. Treasury inflation-protected securities, even during a period of deflation. However, the current market
value of the inflation-protected securities is not guaranteed and will fluctuate. Other inflation-indexed securities include inflation-related
bonds, which may or may not provide a similar guarantee. If a guarantee of principal is not provided, the adjusted principal value of
the bond repaid at maturity may be less than the original principal.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other issuers of inflation-protected debt securities
include other U.S. government agencies or instrumentalities, corporations and foreign governments. There can be no assurance that the
CPI or any foreign inflation index will accurately measure the real rate of inflation in the prices of goods and services. Moreover, there
can be no assurance that the rate of inflation in a foreign country will be correlated to the rate of inflation in the United States.
If interest rates rise due to reasons other than inflation (for example, due to changes in currency exchange rates), investors in these
securities may not be protected to the extent that the increase is not reflected in the bond&#8217;s inflation measure.</p>


<!-- Field: Page; Sequence: 104; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Any increase in principal for an inflation-protected
security resulting from inflation adjustments is considered by IRS regulations to be taxable income in the year it occurs. For direct
holders of an inflation-protected security, this means that taxes must be paid on principal adjustments even though these amounts are
not received until the bond matures. Similarly, a Fund treated as a regulated investment company under the Code that holds these securities
distributes both interest income and the income attributable to principal adjustments in the form of cash or reinvested shares, which
are taxable to shareholders.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Money Market Instruments</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Money market instruments include cash equivalents
and short-term debt obligations which include: (i) bank obligations, including certificates of deposit (CDs), time deposits and bankers&#8217;
acceptances, and letters of credit of banks or savings and loan associations having capital surplus and undivided profits (as of the date
of its most recently published annual financial statements) in excess of $100 million (or the equivalent in the instance of a foreign
branch of a U.S. bank) at the date of investment; (ii) funding agreements; (iii) repurchase agreements; (iv) obligations of the United
States, foreign countries and supranational entities, and each of their subdivisions, agencies and instrumentalities; (v) certain corporate
debt securities, such as commercial paper, short-term corporate obligations and extendible commercial notes; (vi) participation interests;
and (vii) municipal securities. Money market instruments may be structured as fixed-, variable- or floating-rate obligations and may be
privately placed or publicly offered. With respect to money market securities, certain U.S. Government obligations are backed or insured
by the U.S. Government, its agencies or its instrumentalities. Other money market securities are backed only by the claims paying ability
or creditworthiness of the issuer. Bankers&#8217; acceptances are marketable short-term credit instruments used to finance the import,
export, transfer or storage of goods. They are termed &#8220;accepted&#8221; when a bank unconditionally guarantees their payment at maturity.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Mortgage Related Derivative Instruments</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may invest in mortgage-backed securities
(&#8220;MBS&#8221;) credit default swaps. MBS credit default swaps include swaps the reference obligation for which is an MBS or related
index, such as the CMBX Index (a tradeable index referencing a basket of CMBS), the TRX Index (a tradeable index referencing total return
swaps based on CMBS) or the ABX Index (a tradeable index referencing a basket of sub-prime MBS). The Fund may engage in other derivative
transactions related to MBS, including purchasing and selling exchange-listed and over-the-counter put and call options, futures and forwards
on mortgages and MBS. The Fund may invest in newly developed mortgage related derivatives that may hereafter become available.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Municipal Securities </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Standby Commitments</i>. Standby commitments are
securities under which a purchaser, usually a bank or broker-dealer, agrees to purchase, for a fee, an amount of the Fund&#8217;s municipal
obligations. The amount payable by a bank or broker-dealer to purchase securities subject to a standby commitment typically will be substantially
the same as the value of the underlying municipal securities. The Fund may pay for standby commitments either separately in cash or by
paying a higher price for portfolio securities that are acquired subject to such a commitment.</p>


<!-- Field: Page; Sequence: 105; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Taxable Municipal Obligations</i>. Interest or
other investment return is subject to federal income tax for certain types of municipal obligations for a variety of reasons. These municipal
obligations do not qualify for the federal income tax exemption because (a) they did not receive necessary authorization for tax-exempt
treatment from state or local government authorities, (b) they exceed certain regulatory limitations on the cost of issuance for tax-exempt
financing or (c) they finance public or private activities that do not qualify for the federal income tax exemption. These non-qualifying
activities might include, for example, certain types of multi-family housing, certain professional and local sports facilities, refinancing
of certain municipal debt, and borrowing to replenish a municipality&#8217;s underfunded pension plan.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Participation Interests</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Participation interests (also called pass-through
certificates or securities) represent an interest in a pool of debt obligations, such as municipal bonds or notes that have been &#8220;packaged&#8221;
by an intermediary, such as a bank or broker-dealer. Participation interests typically are issued by partnerships or trusts through which
the Fund receives principal and interest payments that are passed through to the holder of the participation interest from the payments
made on the underlying debt obligations. The purchaser of a participation interest receives an undivided interest in the underlying debt
obligations. The issuers of the underlying debt obligations make interest and principal payments to the intermediary, as an initial purchaser,
which are passed through to purchasers in the secondary market, such as the Fund. Participation interests may be structured as fixed-,
variable- or floating-rate obligations or as zero-coupon, pay-in- kind and step-coupon securities and may be privately placed or publicly
offered. Loan participations also are a type of participation interest. Loans, loan participations, and interests in securitized loan
pools are interests in amounts owed by a corporate, governmental, or other borrower to a lender or consortium of lenders (typically banks,
insurance companies, investment banks, government agencies, or international agencies).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Partnership Securities</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may invest in securities issued by publicly
traded partnerships or master limited partnerships or limited liability companies (together referred to as PTPs/MLPs). These entities
are limited partnerships or limited liability companies that may be publicly traded on stock exchanges or markets such as the NYSE, the
NYSE Alternext US LLC (formerly the American Stock Exchange) and NASDAQ. PTPs/MLPs often own businesses or properties relating to energy,
natural resources or real estate, or may be involved in the film industry or research and development activities. Generally, PTPs/MLPs
are operated under the supervision of one or more managing partners or members. Limited partners, unit holders, or members (such as a
fund that invests in a partnership) are not involved in the day-to-day management of the company. Limited partners, unit holders, or members
are allocated income and capital gains associated with the partnership project in accordance with the terms of the partnership or limited
liability company agreement.</p>


<!-- Field: Page; Sequence: 106; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At times PTPs/MLPs may potentially offer relatively
high yields compared to common stocks. Because PTPs/MLPs are generally treated as partnerships or similar limited liability &#8220;pass-through&#8221;
entities for tax purposes, they do not ordinarily pay income taxes, but pass their earnings on to unit holders (except in the case of
some publicly traded firms that may be taxed as corporations). For tax purposes, unit holders may initially be deemed to receive only
a portion of the distributions attributed to them because certain other portions may be attributed to the repayment of initial investments
and may thereby lower the cost basis of the units or shares owned by unit holders. As a result, unit holders may effectively defer taxation
on the receipt of some distributions until they sell their units. These tax consequences may differ for different types of entities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Private Investments in Public Equity</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Private Investments in public equity (or PIPEs) are
equity securities purchased in a private placement that are issued by issuers who have outstanding, publicly traded equity securities
of the same class. Shares issued in PIPEs are not registered with the SEC and may not be sold unless registered with the SEC or pursuant
to an exemption from registration. Generally, an issuer of shares in a PIPE may agree to register the shares after a certain period from
the date of the private sale. This restricted period can last many months. Until the public registration process is completed, the resale
of the PIPE shares is restricted and the Fund may sell the shares after six months, with certain restrictions, if the Fund is not an affiliate
of the issuer (under relevant securities law, a holder of restricted shares may sell the shares after 6 months if the holder is not affiliated
to the issuer). Generally, such restrictions cause the PIPE shares to be illiquid during this time. If the issuer does not agree to register
the PIPE shares, the shares will remain restricted, not be freely tradable and may only be sold pursuant to an exemption from registration.
Even if the PIPE shares are registered for resale, there is no assurance that the registration will be in effect at the time the Fund
elects to sell the shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Real Estate Investment Trusts (&#8220;REITs&#8221;)</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may invest in equity interests and debt securities
issued by REITs. REITs possess certain risks which differ from an investment in common stocks. REITs are financial vehicles that pool
investor&#8217;s capital to purchase or finance real estate. REITs may concentrate their investments in specific geographic areas or in
specific property types (i.e., hotels, shopping malls, residential complexes and office buildings). The market value of REIT shares and
the ability of REITs to distribute income may be adversely affected by several factors, including rising interest rates, changes in the
national, state and local economic climate and real estate conditions, perceptions of prospective tenants of the safety, convenience and
attractiveness of the properties, the ability of the owners to provide adequate management, maintenance and insurance, the cost of complying
with the Americans with Disabilities Act, increased competition from new properties, the impact of present or future environmental legislation
and compliance with environmental laws, changes in real estate taxes and other operating expenses, adverse changes in governmental rules
and fiscal policies, adverse changes in zoning laws and other factors beyond the control of the REIT issuers. In addition, distributions
received by the Fund from REITs may consist of dividends, capital gains and/or return of capital. As REITs generally pay a higher rate
of dividends (on a pre-tax basis) than operating companies, to the extent application of the Fund&#8217;s investment strategy results
in the Fund investing in REIT shares, the percentage of the Fund&#8217;s dividend income received from REIT shares will likely exceed
the percentage of the Fund&#8217;s portfolio which is comprised of REIT shares. There are three general categories of REITs: equity REITs,
mortgage REITs and hybrid REITs. Equity REITs invest primarily in direct fee ownership or leasehold ownership of real property; they derive
most of their income from rents. Mortgage REITs invest mostly in mortgages on real estate, which may secure construction, development
or long-term loans, and the main source of their income is mortgage interest payments. Hybrid REITs hold both ownership and mortgage interests
in real estate.</p>


<!-- Field: Page; Sequence: 107; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Repurchase Agreements</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Repurchase agreements are agreements under which the
Fund acquires a security for a relatively short period of time (usually within seven days) subject to the obligation of a seller to repurchase
and the Fund to resell such security at a fixed time and price (representing the Fund&#8217;s cost plus interest). The repurchase agreement
specifies the yield during the purchaser&#8217;s holding period. Repurchase agreements also may be viewed as loans made by the Fund that
are collateralized by the securities subject to repurchase, which may consist of a variety of security types. The Fund typically will
enter into repurchase agreements only with commercial banks, registered broker-dealers and the Fixed Income Clearing Corporation. Such
transactions are monitored to ensure that the value of the underlying securities will be at least equal at all times to the total amount
of the repurchase obligation, including any accrued interest.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Reverse Repurchase Agreements</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Reverse repurchase agreements are agreements under
which the Fund temporarily transfers possession of a portfolio instrument to another party, such as a bank or broker-dealer, in return
for cash. At the same time, the Fund agrees to repurchase the instrument at an agreed-upon time (normally within 7 days) and price which
reflects an interest payment. The Fund generally retains the right to interest and principal payments on the security. Reverse repurchase
agreements also may be viewed as borrowings made by the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Stripped Securities</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Stripped securities are the separate income or principal
payments of a debt security and evidence ownership in either the future interest or principal payments on an instrument. There are many
different types and variations of stripped securities. For example, Separate Trading of Registered Interest and Principal Securities (&#8220;STRIPS&#8221;)
can be component parts of a U.S. Treasury security where the principal and interest components are traded independently through DTC, a
clearing agency registered pursuant to Section 17A of the Exchange Act and created to hold securities for its participants, and to facilitate
the clearance and settlement of securities transactions between participants through electronic computerized book-entries, thereby eliminating
the need for physical movement of certificates. Treasury Investor Growth Receipts (&#8220;TIGERs&#8221;) are U.S. Treasury securities
stripped by brokers.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Structured Investments (Index or Linked Securities)</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indexed or linked securities, also often referred
to as &#8220;structured products,&#8221; are instruments that may have varying combinations of equity and debt characteristics. These
instruments are structured to recast the investment characteristics of the underlying security or reference asset. If the issuer is a
unit investment trust or other special purpose vehicle, the structuring will typically involve the deposit with or purchase by such issuer
of specified instruments (such as commercial bank loans or securities) and/or the execution of various derivative transactions, and the
issuance by that entity of one or more classes of securities (structured securities) backed by, or representing interests in, the underlying
instruments. The cash flow on the underlying instruments may be apportioned among the newly issued structured securities to create securities
with different investment characteristics, such as varying maturities, payment priorities and interest rate provisions, and the extent
of such payments made with respect to structured securities is dependent on the extent of the cash flow on the underlying instruments.</p>


<!-- Field: Page; Sequence: 108; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Indexed and Inverse Floating Rate Securities</i>.
The Fund may invest in securities that provide a potential return based on a particular index or interest rates. For example, the Fund
may invest in debt securities that pay interest based on an index of interest rates. The principal amount payable upon maturity of certain
securities also may be based on the value of the index. To the extent the Fund invests in these types of securities, the Fund&#8217;s
return on such securities will rise and fall with the value of the particular index: that is, if the value of the index falls, the value
of the indexed securities owned by the Fund will fall. Interest and principal payable on certain securities may also be based on relative
changes among particular indices.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may also invest in so-called &#8220;inverse
floaters&#8221; or &#8220;residual interest bonds&#8221; on which the interest rates vary inversely with a floating rate (which may be
reset periodically by a Dutch auction, a remarketing agent, or by reference to a short-term tax-exempt interest rate index). The Fund
may purchase synthetically-created inverse floating rate bonds evidenced by custodial or trust receipts. A trust funds the purchase of
a bond by issuing two classes of certificates: short-term floating rate notes (typically sold to third parties) and the inverse floaters
(also known as residual certificates). No additional income beyond that provided by the trust&#8217;s underlying bond is created; rather,
that income is merely divided-up between the two classes of certificates. Generally, income on inverse floating rate bonds will decrease
when interest rates increase, and will increase when interest rates decrease. Such securities can have the effect of providing a degree
of investment leverage, since they may increase or decrease in value in response to changes in market interest rates at a rate that is
a multiple of the actual rate at which fixed rate securities increase or decrease in response to such changes. As a result, the market
values of such securities will generally be more volatile than the market values of fixed-rate securities. To seek to limit the volatility
of these securities, the Fund may purchase inverse floating obligations that have shorter-term maturities or that contain limitations
on the extent to which the interest rate may vary. Certain investments in such obligations may be illiquid. Furthermore, where such a
security includes a contingent liability, in the event of an adverse movement in the underlying index or interest rate, the Fund may be
required to pay substantial additional margin to maintain the position.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Credit-Linked Securities.</i> Among the income-producing
securities in which the Fund may invest are credit-linked securities. The issuers of these securities frequently are limited purpose trusts
or other special purpose vehicles that, in turn, invest in a derivative instrument or basket of derivative instruments, such as credit
default swaps, interest rate swaps and other securities, in order to provide exposure to certain fixed income markets. For instance, the
Fund may invest in credit-linked securities as a cash management tool in order to gain exposure to a certain market and/or to remain fully
invested when more traditional income producing securities are not available. Like an investment in a bond, investments in these credit-linked
securities represent the right to receive periodic income payments (in the form of distributions) and payment of principal at the end
of the term of the security. However, these payments are conditioned on or linked to the issuer&#8217;s receipt of payments from, and
the issuer&#8217;s potential obligations to, the counterparties to the derivative instruments and other securities in which the issuer
invests. For instance, the issuer may sell one or more credit default swaps, under which the issuer would receive a stream of payments
over the term of the swap agreements provided that no event of default has occurred with respect to the referenced debt obligation upon
which the swap is based. If a default occurs, the stream of payments may stop and the issuer would be obligated to pay the counterparty
the par (or other agreed upon value) of the referenced debt obligation. This, in turn, would reduce the amount of income and/or principal
that the Fund would receive. The Fund&#8217;s investments in these securities are indirectly subject to the risks associated with derivative
instruments. These securities generally are exempt from registration under the Securities Act of 1933, as amended (the &#8220;Securities
Act&#8221;). Accordingly, there may be no established trading market for the securities and they may be illiquid.</p>


<!-- Field: Page; Sequence: 109; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Equity-Linked Notes</i>. An equity-linked note
(&#8220;ELN&#8221;) is a debt instrument whose value is based on the value of a single equity security, basket of equity securities or
an index of equity securities (each, an &#8220;Underlying Equity&#8221;). An ELN typically provides interest income, thereby offering
a yield advantage over investing directly in an Underlying Equity. The Fund may purchase ELNs that trade on a securities exchange or those
that trade on the over-the-counter markets, including Rule 144A securities. The Fund may also purchase ELNs in a privately negotiated
transaction with the issuer of the ELNs (or its broker-dealer affiliate). The Fund may or may not hold an ELN until its maturity.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Equity-linked securities also include issues such
as Structured Yield Product Exchangeable for Stock (&#8220;STRYPES&#8221;), Trust Automatic Common Exchange Securities (&#8220;TRACES&#8221;),
Trust Issued Mandatory Exchange Securities (&#8220;TIMES&#8221;) and Trust Enhanced Dividend Securities (&#8220;TRENDS&#8221;). The issuers
of these equity-linked securities generally purchase and hold a portfolio of stripped U.S. Treasury securities maturing on a quarterly
basis through the conversion date, and a forward purchase contract with an existing shareholder of the company relating to the common
stock. Quarterly distributions on such equity-linked securities generally consist of the cash received from the U.S. Treasury securities
and such equity-linked securities generally are not entitled to any dividends that may be declared on the common stock.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ELNs also include participation notes issued by a
bank or broker-dealer that entitles the Fund to a return measured by the change in value of an Underlying Equity. Participation notes
are typically used when a direct investment in the Underlying Equity is restricted due to country-specific regulations. Investment in
a participation note is not the same as investment in the constituent shares of the company (or other issuer type) to which the Underlying
Equity is economically tied. A participation note represents only an obligation of the company or other issuer type to provide the Fund
the economic performance equivalent to holding shares of the Underlying Equity. A participation note does not provide any beneficial or
equitable entitlement or interest in the relevant Underlying Equity. In other words, shares of the Underlying Equity are not in any way
owned by the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Currency-Linked Securities</i>. Currency-linked
debt securities are short-term or intermediate-term instruments having a value at maturity, and/or an interest rate, determined by reference
to one or more foreign currencies. Payment of principal or periodic interest may be calculated as a multiple of the movement of one currency
against another currency, or against an index.</p>


<!-- Field: Page; Sequence: 110; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Currency-linked securities may entail substantial
risks. Such instruments may be subject to significant price volatility. The company issuing the instrument may fail to pay the amount
due on maturity. The underlying investment may not perform as expected by the Fund&#8217;s portfolio manager. Markets and underlying investments
and indexes may move in a direction that was not anticipated by the Fund&#8217;s portfolio manager. Performance of the derivatives may
be influenced by interest rate and other market changes in the United States and abroad, and certain derivative instruments may be illiquid.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Linked securities are often issued by unit investment
trusts. Examples of this include such index-linked securities as S&amp;P Depositary Receipts (&#8220;SPDRs&#8221;), which is an interest
in a unit investment trust holding a portfolio of securities linked to the S&amp;P 500&#174; Index, and a type of exchange-traded fund.
SPDRs generally closely track the underlying portfolio of securities, trade like a share of common stock and pay periodic dividends proportionate
to those paid by the portfolio of stocks that comprise the S&amp;P 500&#174; Index. As a holder of interests in a unit investment trust,
the Fund would indirectly bear its ratable share of that unit investment trust&#8217;s expenses. At the same time, the Fund would continue
to pay its own management and advisory fees and other expenses, as a result of which the Fund and its shareholders in effect would be
absorbing levels of fees with respect to investments in such unit investment trusts.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because linked securities typically involve no credit
enhancement, their credit risk generally will be equivalent to that of the underlying instruments. Investments in structured products
may be structured as a class that is either subordinated or unsubordinated to the right of payment of another class. Subordinated linked
securities typically have higher rates of return and present greater risks than unsubordinated structured products. Structured products
sometimes are sold in private placement transactions and often have a limited trading market.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Investments in linked securities have the potential
to lead to significant losses because of unexpected movements in the underlying financial asset, index, currency or other investment.
The ability of the Fund to utilize linked securities successfully will depend on its ability correctly to predict pertinent market movements,
which cannot be assured. Because currency-linked securities usually relate to foreign currencies, some of which may be currencies from
emerging market countries, there are certain additional risks associated with such investments.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Interest Rate Futures Contracts</i>. Bond prices
are established in both the cash market and the futures market. In the cash market, bonds are purchased and sold with payment for the
full purchase price of the bond being made in cash, generally within five business days after the trade. In the futures market, a contract
is made to purchase or sell a bond in the future for a set price on a certain date. Historically, the prices for bonds established in
the futures markets have tended to move generally in the aggregate in concert with the cash market prices and have maintained fairly predictable
relationships. Accordingly, the Fund may use interest rate futures contracts as a defense, or hedge, against anticipated interest rate
changes. The Fund presently could accomplish a similar result to that which it hopes to achieve through the use of interest rate futures
contracts by selling bonds with long maturities and investing in bonds with short maturities when interest rates are expected to increase,
or conversely, selling bonds with short maturities and investing in bonds with long maturities when interest rates are expected to decline.
However, because of the liquidity that is often available in the futures market, the protection is more likely to be achieved, perhaps
at a lower cost and without changing the rate of interest being earned by the Fund, through using futures contracts.</p>


<!-- Field: Page; Sequence: 111; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Interest rate futures contracts are exchange-traded
in an auction environment. Each exchange guarantees performance under contract provisions through a clearing corporation, a nonprofit
organization managed by the exchange membership. A public market exists in futures contracts covering various financial instruments including
long-term U.S. Treasury Bonds and Notes; three-month U.S. Treasury Bills; and ninety-day commercial paper. The Fund may also invest in
exchange-traded Eurodollar contracts, which are interest rate futures on the forward level of a reference rate. These contracts are generally
considered liquid securities and trade on the Chicago Mercantile Exchange. Such Eurodollar contracts are generally used to &#8220;lock-in&#8221;
or hedge the future level of short-term rates. The Fund may trade in any interest rate futures contracts for which there exists a public
market, including, without limitation, the foregoing instruments.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Index Futures Contracts</i>. An index futures contract
is a contract to buy or sell units of an index at a specified future date at a price agreed upon when the contract is made. Entering into
a contract to buy units of an index is commonly referred to as buying or purchasing a contract or holding a long position in the index.
Entering into a contract to sell units of an index is commonly referred to as selling a contract or holding a short position in the index.
A unit is the current value of the index. The Fund may enter into stock index futures contracts, debt index futures contracts, or other
index futures contracts appropriate to its objective(s).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Municipal Bond Index Futures Contracts</i>. Municipal
bond index futures contracts may act as a hedge against changes in market conditions. A municipal bond index assigns values daily to the
municipal bonds included in the index based on the independent assessment of dealer-to-dealer municipal bond brokers. A municipal bond
index futures contract represents a firm commitment by which two parties agree to take or make delivery of an amount equal to a specified
dollar amount multiplied by the difference between the municipal bond index value on the last trading date of the contract and the price
at which the futures contract is originally struck. No physical delivery of the underlying securities in the index is made.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Options on Futures Contracts</i>. The Fund may
purchase and write call and put options on those futures contracts that it is permitted to buy or sell. The Fund may use such options
on futures contracts in lieu of writing options directly on the underlying securities or other assets or purchasing and selling the underlying
futures contracts. Such options generally operate in the same manner as options purchased or written directly on the underlying investments.
A futures option gives the holder, in return for the premium paid, the right, but not the obligation, to buy from (call) or sell to (put)
the writer of the option a futures contract at a specified price at any time during the period of the option. Upon exercise, the writer
of the option is obligated to pay the difference between the cash value of the futures contract and the exercise price. Like the buyer
or seller of a futures contract, the holder or writer of an option has the right to terminate its position prior to the scheduled expiration
of the option by selling or purchasing an option of the same series, at which time the person entering into the closing purchase transaction
will realize a gain or loss. There is no guarantee that such closing purchase transactions can be effected. The Fund will be required
to deposit initial margin and maintenance margin with respect to put and call options on futures contracts written by it pursuant to brokers&#8217;
requirements similar to those described above.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Options on Index Futures Contracts</i>. The Fund
may also purchase and sell options on index futures contracts. Options on index futures give the purchaser the right, in return for the
premium paid, to assume a position in an index futures contract (a long position if the option is a call and a short position if the option
is a put), at a specified exercise price at any time during the period of the option. Upon exercise of the option, the delivery of the
futures position by the writer of the option to the holder of the option will be accompanied by delivery of the accumulated balance in
the writer&#8217;s futures margin account, which represents the amount by which the market price of the index futures contract, at exercise,
exceeds (in the case of a call) or is less than (in the case of a put) the exercise price of the option on the index future. If an option
is exercised on the last trading day prior to the expiration date of the option, the settlement will be made entirely in cash equal to
the difference between the exercise price of the option and the closing level of the index on which the future is based on the expiration
date. Purchasers of options who fail to exercise their options prior to the exercise date suffer a loss of the premium paid.</p>


<!-- Field: Page; Sequence: 112; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Eurodollar and Yankee Dollar Futures Contracts
and Options Thereon</i>. Eurodollar futures contracts enable purchasers to obtain a fixed rate for the lending of funds and sellers to
obtain a fixed rate for borrowings. The Fund may use Eurodollar futures contracts and options thereon to hedge against changes in a reference
rate, such as LIBOR or SOFR, to which many interest rate swaps and fixed income instruments are linked.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Options on Stocks, Stock Indices and Other Indices</i>.
The Fund may purchase and write (<i>i.e.</i>, sell) put and call options. Such options may relate to particular stocks or stock indices,
and may or may not be listed on a domestic or foreign securities exchange and may or may not be cleared and settled by the Options Clearing
Corporation (&#8220;OCC&#8221;). Stock index options are put options and call options on various stock indices. In most respects, they
are identical to listed options on common stocks.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There is a key difference between stock options and
index options in connection with their exercise. In the case of stock options, the underlying security, common stock, is delivered. However,
upon the exercise of an index option, settlement does not occur by delivery of the securities comprising the index. The option holder
who exercises the index option receives an amount of cash if the closing level of the stock index upon which the option is based is greater
than (in the case of a call) or less than (in the case of a put) the exercise price of the option. This amount of cash is equal to the
difference between the closing price of the stock index and the exercise price of the option expressed in dollars times a specified multiple.
A stock index fluctuates with changes in the market value of the securities included in the index. For example, some stock index options
are based on a broad market index, such as the S&amp;P 500&#174; Index or a narrower market index, such as the S&amp;P 100&#174; Index.
Indices may also be based on an industry or market segment.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may, for the purpose of hedging its portfolio,
subject to applicable securities regulations, purchase and write put and call options on foreign stock indices listed on foreign and domestic
stock exchanges.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As an alternative to purchasing call and put options
on index futures, the Fund may purchase call and put options on the underlying indices themselves. Such options could be used in a manner
identical to the use of options on index futures. Options involving securities indices provide the holder with the right to make or receive
a cash settlement upon exercise of the option based on movements in the relevant index. Such options must be listed on a national securities
exchange and issued by the OCC. Such options may relate to particular securities or to various stock indices, except that the Fund may
not write covered options on an index.</p>


<!-- Field: Page; Sequence: 113; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Writing Covered Options</i>. The Fund may write
covered call options and covered put options on securities held in its portfolio. Call options written by the Fund give the purchaser
the right to buy the underlying securities from the Fund at the stated exercise price at any time prior to the expiration date of the
option, regardless of the security&#8217;s market price; put options give the purchaser the right to sell the underlying securities to
the Fund at the stated exercise price at any time prior to the expiration date of the option, regardless of the security&#8217;s market
price.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may write covered options, which means that,
so long as the Fund is obligated as the writer of a call option, it will own the underlying securities subject to the option (or comparable
securities satisfying the cover requirements of securities exchanges). In the case of put options, the Fund will hold liquid assets equal
to the price to be paid if the option is exercised. In addition, the Fund will be considered to have covered a put or call option if and
to the extent that it holds an option that offsets some or all of the risk of the option it has written. The Fund may write combinations
of covered puts and calls (straddles) on the same underlying security.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund will receive a premium from writing a put
or call option, which increases the Fund&#8217;s return on the underlying security if the option expires unexercised or is closed out
at a profit. The amount of the premium reflects, among other things, the relationship between the exercise price and the current market
value of the underlying security, the volatility of the underlying security, the amount of time remaining until expiration, current interest
rates, and the effect of supply and demand in the options market and in the market for the underlying security. By writing a call option,
the Fund limits its opportunity to profit from any increase in the market value of the underlying security above the exercise price of
the option but continues to bear the risk of a decline in the value of the underlying security. By writing a put option, the Fund assumes
the risk that it may be required to purchase the underlying security for an exercise price higher than the security&#8217;s then-current
market value, resulting in a potential capital loss unless the security subsequently appreciates in value.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund&#8217;s obligation to sell an instrument
subject to a call option written by it, or to purchase an instrument subject to a put option written by it, may be terminated prior to
the expiration date of the option by the Fund&#8217;s execution of a closing purchase transaction, which is effected by purchasing on
an exchange an offsetting option of the same series (<i>i.e.</i>, same underlying instrument, exercise price and expiration date) as the
option previously written. A closing purchase transaction will ordinarily be effected in order to realize a profit on an outstanding option,
to prevent an underlying instrument from being called, to permit the sale of the underlying instrument or to permit the writing of a new
option containing different terms on such underlying instrument. The Fund realizes a profit or loss from a closing purchase transaction
if the cost of the transaction (option premium plus transaction costs) is less or more than the premium received from writing the option.
Because increases in the market price of a call option generally reflect increases in the market price of the security underlying the
option, any loss resulting from a closing purchase transaction may be offset in whole or in part by unrealized appreciation of the underlying
security.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Fund writes a call option but does not own
the underlying security, and when it writes a put option, the Fund may be required to deposit cash or securities with its broker as &#8220;margin&#8221;
or collateral for its obligation to buy or sell the underlying security. As the value of the underlying security varies, the Fund may
also have to deposit additional margin with the broker. Margin requirements are complex and are fixed by individual brokers, subject to
minimum requirements currently imposed by the Federal Reserve Board and by stock exchanges and other self-regulatory organizations.</p>


<!-- Field: Page; Sequence: 114; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Purchasing Put Options.</i> The Fund may purchase
put options to protect its portfolio holdings in an underlying security against a decline in market value. Such hedge protection is provided
during the life of the put option since the Fund, as holder of the put option, is able to sell the underlying security at the put exercise
price regardless of any decline in the underlying security&#8217;s market price. For a put option to be profitable, the market price of
the underlying security must decline sufficiently below the exercise price to cover the premium and transaction costs. By using put options
in this manner, the Fund will reduce any profit it might otherwise have realized from appreciation of the underlying security by the premium
paid for the put option and by transaction costs.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Purchasing Call Options.</i> The Fund may purchase
call options, including call options to hedge against an increase in the price of securities that the Fund wants ultimately to buy. Such
hedge protection is provided during the life of the call option since the Fund, as holder of the call option, is able to buy the underlying
security at the exercise price regardless of any increase in the underlying security&#8217;s market price. In order for a call option
to be profitable, the market price of the underlying security must rise sufficiently above the exercise price to cover the premium and
transaction costs. These costs will reduce any profit the Fund might have realized had it bought the underlying security at the time it
purchased the call option.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Swap Agreements</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Interest Rate Swaps.</i> Interest rate swap agreements
are often used to obtain or preserve a desired return or spread at a lower cost than through a direct investment in an instrument that
yields the desired return or spread. They are financial instruments that involve the exchange of one type of interest rate cash flow for
another type of interest rate cash flow on specified dates in the future. In a standard interest rate swap transaction, two parties agree
to exchange their respective commitments to pay fixed or floating interest rates on a predetermined specified (notional) amount. The swap
agreement&#8217;s notional amount is the predetermined basis for calculating the obligations that the swap counterparties have agreed
to exchange. Under most swap agreements, the obligations of the parties are exchanged on a net basis. The two payment streams are netted
out, with each party receiving or paying, as the case may be, only the net amount of the two payments. Interest rate swaps can be based
on various measures of interest rates, including swap rates, Treasury rates, foreign interest rates and other reference rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Municipal Market Data (MMD) Rate Locks<b>. </b></i>An
MMD Rate Lock permits the Fund to lock in a specific municipal interest rate for a portion of its portfolio to preserve a return on a
particular investment or a portion of its portfolio, which in turn protects against any increase in the price of securities to be purchased
at a later date. By using an MMD Rate Lock, the Fund can create a synthetic long or short duration position. The Fund will ordinarily
use these transactions as a hedge or for duration or risk management, which may not be successful. An MMD Rate Lock is a contract between
the Fund and an MMD Rate Lock provider pursuant to which the parties agree to make a net settlement payment to each other on a notional
and duration amount, contingent upon whether the Municipal Market Data AAA General Obligation Scale is above or below a specified level
on the expiration date of the contract. For example, if the Fund buys an MMD Rate Lock and the Municipal Market Data AAA General Obligation
Scale is below the specified level on the expiration date, the counterparty to the contract will make a payment to the Fund equal to the
specified level minus the actual level, multiplied by the notional amount of the contract. If the Municipal Market Data AAA General Obligation
Scale is above the specified level on the expiration date, the Fund will make a payment to the counterparty equal to the actual level
minus the specified level, multiplied by the notional amount of the contract. In connection with investments in MMD Rate Locks, there
is a risk that municipal yields will move in the opposite direction than anticipated by the Fund, which would cause the Fund to make payments
to its counterparty in the transaction that could adversely affect the Fund&#8217;s performance.</p>


<!-- Field: Page; Sequence: 115; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Equity Swaps.</i> Equity swaps allow the parties
to the swap agreement to exchange components of return on one equity investment (<i>e.g.</i>, a basket of equity securities or an index)
for a component of return on another non-equity or equity investment, including an exchange of differential rates of return. Equity swaps
may be used to invest in a market without owning or taking physical custody of securities in circumstances where direct investment may
be restricted for legal reasons or is otherwise impractical. Equity swaps also may be used for other purposes, such as hedging or seeking
to increase total return.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Total Return Swap Agreements.</i> Total return
swap agreements are contracts in which one party agrees to make periodic payments to another party based on the change in market value
of the assets underlying the contract, which may include a specified security, basket of securities or securities indices during the specified
period, in return for periodic payments based on a fixed or variable interest rate or the total return from other underlying assets. Total
return swap agreements may be used to obtain exposure to a security or market without owning or taking physical custody of such security
or investing directly in such market. Total return swap agreements may effectively add leverage to the Fund&#8217;s portfolio because,
in addition to its total net assets, the Fund would be subject to investment exposure on the notional amount of the swap.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Total return swap agreements are subject to the risk
that a counterparty will default on its payment obligations to the Fund thereunder, and conversely, that the Fund will not be able to
meet its obligation to the counterparty. Generally, the Fund will enter into total return swaps on a net basis (<i>i.e.</i>, the two payment
streams are netted against one another with the Fund receiving or paying, as the case may be, only the net amount of the two payments).
The net amount of the excess, if any, of the Fund&#8217;s obligations over its entitlements with respect to each total return swap will
be accrued on a daily basis. If the total return swap transaction is entered into on other than a net basis, the full amount of the Fund&#8217;s
obligations will be accrued on a daily basis.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Variance, Volatility and Correlation Swap Agreements.</i>
Variance and volatility swaps are contracts that provide exposure to increases or decreases in the volatility of certain referenced assets.
Correlation swaps are contracts that provide exposure to increases or decreases in the correlation between the prices of different assets
or different market rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Cross-Currency Swaps.</i> Cross<b><i>-</i></b>currency
swaps are similar to interest rate swaps, except that they involve multiple currencies. The Fund may enter into a cross-currency swap
when it has exposure to one currency and desires exposure to a different currency. Typically, the interest rates that determine the cross-currency
swap payments are fixed, although occasionally one or both parties may pay a floating rate of interest. Unlike an interest rate swap,
however, the principal amounts are exchanged at the beginning of the contract and returned at the end of the contract. In addition to
paying and receiving amounts at the beginning and termination of the agreements, both sides will have to pay in full periodically based
upon the currency they have borrowed. Changes in foreign exchange currency rates and changes in interest rates, as described above, may
negatively affect cross- currency swaps.</p>


<!-- Field: Page; Sequence: 116; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Contracts for Differences.</i> Contracts for differences
are swap arrangements in which the parties agree that their return (or loss) will be based on the relative performance of two different
groups or baskets of securities. Often, one or both baskets will be an established securities index. The Fund&#8217;s return will be based
on changes in value of theoretical long futures positions in the securities comprising one basket (with an aggregate face value equal
to the notional amount of the contract for differences) and theoretical short futures positions in the securities comprising the other
basket. The Fund also may use actual long and short futures positions and achieve similar market exposure by netting the payment obligations
of the two contracts. The Fund typically enters into contracts for differences (and analogous futures positions) when its portfolio manager
believes that the basket of securities constituting the long position will outperform the basket constituting the short position. If the
short basket outperforms the long basket, the Fund will realize a loss &#8212; even in circumstances when the securities in both the long
and short baskets appreciate in value.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Swaptions.</i> A swaption is an options contract
on a swap agreement. These transactions give a party the right (but not the obligation) to enter into new swap agreements or to shorten,
extend, cancel or otherwise modify an existing swap agreement (which are described herein) at some designated future time on specified
terms, in return for payment of the purchase price (the &#8220;premium&#8221;) of the option. The Fund may write (sell) and purchase put
and call swaptions to the same extent it may make use of standard options on securities or other instruments. The writer of the contract
receives the premium and bears the risk of unfavorable changes in the market value on the underlying swap agreement. Swaptions can be
bundled and sold as a package. These are commonly called interest rate caps, floors and collars (which are described herein).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Many swaps are complex and often valued subjectively.
Many over-the-counter derivatives are complex and their valuation often requires modeling and judgment, which increases the risk of mispricing
or incorrect valuation. The pricing models used may not produce valuations that are consistent with the values the Fund realizes when
it closes or sells an over-the-counter derivative.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Valuation risk is more pronounced when the Fund enters
into over-the-counter derivatives with specialized terms because the market value of those derivatives in some cases is determined in
part by reference to similar derivatives with more standardized terms. Incorrect valuations may result in increased cash payment requirements
to counterparties, under-collateralization and/or errors in calculation of the Fund&#8217;s net asset value.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Title VII of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (the &#8220;Dodd-Frank Act&#8221;) established a framework for the regulation of OTC swap markets; the framework
outlined the joint responsibility of the CFTC and the SEC in regulating swaps. The CFTC is responsible for the regulation of swaps, the
SEC is responsible for the regulation of security-based swaps and they are both jointly responsible for the regulation of mixed swaps.</p>


<!-- Field: Page; Sequence: 117; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Variable- and Floating-Rate Obligations</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Variable- and floating-rate obligations are debt instruments
that provide for periodic adjustments in the interest rate and, under certain circumstances, varying principal amounts. Unlike a fixed
interest rate, a variable, or floating, rate is one that rises and declines based on the movement of an underlying index of interest rates
and may pay interest at rates that are adjusted periodically according to a specified formula. Variable- or floating-rate securities frequently
include a demand feature enabling the holder to sell the securities to the issuer at par. In many cases, the demand feature can be exercised
at any time. Some securities that do not have variable or floating interest rates may be accompanied by puts producing similar results
and price characteristics. Variable-rate demand notes include master demand notes that are obligations that permit the investor to invest
fluctuating amounts, which may change daily without penalty, pursuant to direct arrangements between the investor (as lender), and the
borrower. The interest rates on these notes fluctuate. The issuer of such obligations normally has a corresponding right, after a given
period, to prepay in its discretion the outstanding principal amount of the obligations plus accrued interest upon a specified number
of days&#8217; notice to the holders of such obligations. Because these obligations are direct lending arrangements between the lender
and borrower, it is not contemplated that such instruments generally will be traded. There generally is not an established secondary market
for these obligations. Accordingly, where these obligations are not secured by letters of credit or other credit support arrangements,
the lender&#8217;s right to redeem is dependent on the ability of the borrower to pay principal and interest on demand. Such obligations
frequently are not rated by credit rating agencies and may involve heightened risk of default by the issuer. Asset-backed securities,
bank obligations, convertible securities, corporate debt securities, foreign securities, high-yield securities, money market instruments,
municipal securities, participation interests, stripped securities, U.S. Government and related obligations and other types of debt instruments
may be structured as variable- and floating-rate obligations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Most floating rate loans are acquired directly from
the agent bank or from another holder of the loan by assignment. Most such loans are secured, and most impose restrictive covenants on
the borrower. These loans are typically made by a syndicate of banks and institutional investors, represented by an agent bank which has
negotiated and structured the loan and which is responsible generally for collecting interest, principal, and other amounts from the borrower
on its own behalf and on behalf of the other lending institutions in the syndicate, and for enforcing its rights and the rights of the
syndicate against the borrower. Each of the lending institutions, including the agent bank, lends to the borrower a portion of the total
amount of the loan, and retains the corresponding interest in the loan. Floating rate loans may include delayed draw term loans and prefunded
or synthetic letters of credit.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund&#8217;s ability to receive payments of principal
and interest and other amounts in connection with loans held by it will depend primarily on the financial condition of the borrower. The
failure by the Fund to receive scheduled interest or principal payments on a loan would adversely affect the income of the Fund and would
likely reduce the value of its assets, which would be reflected in a reduction in the Fund&#8217;s NAV. Banks and other lending institutions
generally perform a credit analysis of the borrower before originating a loan or purchasing an assignment in a loan. In selecting the
loans in which the Fund will invest, however, the Adviser will not rely on that credit analysis of the agent bank, but will perform its
own investment analysis of the borrowers. The Adviser&#8217;s analysis may include consideration of the borrower&#8217;s financial strength
and managerial experience, debt coverage, additional borrowing requirements or debt maturity schedules, changing financial conditions,
and responsiveness to changes in business conditions and interest rates. Investments in loans may be of any quality, including &#8220;distressed&#8221;
loans, and will be subject to the Fund&#8217;s credit quality policy.</p>


<!-- Field: Page; Sequence: 118; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Loans may be structured in different forms, including
assignments and participations. In an assignment, the Fund purchases an assignment of a portion of a lender&#8217;s interest in a loan.
In this case, the Fund may be required generally to rely upon the assigning bank to demand payment and enforce its rights against the
borrower, but would otherwise be entitled to all of such bank&#8217;s rights in the loan.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The borrower of a loan may, either at its own election
or pursuant to terms of the loan documentation, prepay amounts of the loan from time to time. There is no assurance that the Fund will
be able to reinvest the proceeds of any loan prepayment at the same interest rate or on the same terms as those of the original loan.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Corporate loans in which the Fund may purchase a loan
assignment are made generally to finance internal growth, mergers, acquisitions, recapitalizations, stock repurchases, leveraged buy-outs,
dividend payments to sponsors and other corporate activities. The highly leveraged capital structure of certain borrowers may make such
loans especially vulnerable to adverse changes in economic or market conditions. The Fund may hold investments in loans for a very short
period of time when opportunities to resell the investments that the Fund&#8217;s portfolio manager believes are attractive arise.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain of the loans acquired by the Fund may involve
revolving credit facilities under which a borrower may from time to time borrow and repay amounts up to the maximum amount of the facility.
In such cases, the Fund would have an obligation to advance its portion of such additional borrowings upon the terms specified in the
loan assignment. To the extent that the Fund is committed to make additional loans under such an assignment, it will at all times designate
cash or securities in an amount sufficient to meet such commitments.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notwithstanding its intention in certain situations
to not receive material, non-public information with respect to its management of investments in floating rate loans, the Adviser may
from time to time come into possession of material, non- public information about the issuers of loans that may be held in the Fund&#8217;s
portfolio. Possession of such information may in some instances occur despite the Adviser&#8217;s efforts to avoid such possession, but
in other instances the Adviser may choose to receive such information (for example, in connection with participation in a creditors&#8217;
committee with respect to a financially distressed issuer). As, and to the extent, required by applicable law, the Adviser&#8217;s ability
to trade in these loans for the account of the Fund could potentially be limited by its possession of such information. Such limitations
on the Adviser&#8217;s ability to trade could have an adverse effect on the Fund by, for example, preventing the Fund from selling a loan
that is experiencing a material decline in value. In some instances, these trading restrictions could continue in effect for a substantial
period of time.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In some instances, other accounts managed by the Adviser
may hold other securities issued by borrowers whose floating rate loans may be held in the Fund&#8217;s portfolio. These other securities
may include, for example, debt securities that are subordinate to the floating rate loans held in the Fund&#8217;s portfolio, convertible
debt or common or preferred equity securities.</p>


<!-- Field: Page; Sequence: 119; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In certain circumstances, such as if the credit quality
of the issuer deteriorates, the interests of holders of these other securities may conflict with the interests of the holders of the issuer&#8217;s
floating rate loans. In such cases, the Adviser may owe conflicting fiduciary duties to the Fund and other client accounts. The Adviser
will endeavor to carry out its obligations to all of its clients to the fullest extent possible, recognizing that in some cases certain
clients may achieve a lower economic return, as a result of these conflicting client interests, than if the Adviser&#8217;s client accounts
collectively held only a single category of the issuer&#8217;s securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Warrants and Rights</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Contingent Value Rights</i>. A contingent value
right (&#8220;CVR&#8221;) gives the holder the right to receive an amount, which may be fixed or determined by a formula, in the event
that a specified corporate action or other business event or trigger occurs (or fails to occur) during the term of the CVR. CVRs may be
awarded to investors in the context of a corporate acquisition or major restructuring, such as a reorganization pursuant to Chapter 11
of the U.S. Bankruptcy Code or other reorganization. For example, investors in an acquired or reorganized company may receive CVRs that
enable the investor to receive additional shares of the acquiring company in the event that the acquiring company&#8217;s share price
falls below a certain level by a specified date, or to receive cash payments and/or securities in the event of a future sale or liquidation
event involving the company by a specified date. CVRs generally do not entitle a holder to dividends or voting rights with respect to
the issuer and do not represent any rights in the assets of the issuer.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Zero-Coupon, Pay-in-Kind and Step-Coupon Securities</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Zero-coupon, pay-in-kind and step-coupon securities
are types of debt instruments that do not necessarily make payments of interest in fixed amounts or at fixed intervals. Asset-backed securities,
convertible securities, corporate debt securities, foreign securities, high-yield securities, municipal securities, participation interests,
stripped securities, U.S. Government and related obligations and other types of debt instruments may be structured as zero-coupon, pay-in-kind
and step-coupon securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Zero-coupon securities do not pay interest on a current
basis but instead accrue interest over the life of the security. These securities include, among others, zero-coupon bonds, which either
may be issued at a discount by a corporation or government entity or may be created by a brokerage firm when it strips the coupons from
a bond or note and then sells the bond or note and the coupon separately. This technique is used frequently with U.S. Treasury bonds,
and zero-coupon securities are marketed under such names as CATS (&#8220;Certificate of Accrual on Treasury Securities&#8221;), TIGERs
or STRIPS. Zero-coupon bonds also are issued by municipalities. Buying a municipal zero-coupon bond frees its purchaser of the obligation
to pay regular federal income tax on imputed interest, since the interest is exempt for regular federal income tax purposes. Zero-coupon
certificates of deposit are generally structured in the same fashion as zero-coupon bonds; the certificate of deposit holder receives
face value at maturity and no payments until then.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pay-in-kind securities normally give the issuer an
option to pay cash at a coupon payment date or to give the holder of the security a similar security with the same coupon rate and a face
value equal to the amount of the coupon payment that would have been made.</p>


<!-- Field: Page; Sequence: 120; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step-coupon securities trade at a discount from their
face value and pay coupon interest that gradually increases over time. The coupon rate is paid according to a schedule for a series of
periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The discount from the face amount
or par value depends on the time remaining until cash payments begin, prevailing interest rates, liquidity of the security and the perceived
credit quality of the issue.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Zero-coupon, pay-in-kind and step-coupon securities
holders generally have substantially all the rights and privileges of holders of the underlying coupon obligations or principal obligations.
Holders of these securities typically have the right upon default on the underlying coupon obligations or principal obligations to proceed
directly and individually against the issuer and are not required to act in concert with other holders of such securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-transform: uppercase"><b>ADDITIONAL
RISK FACTORS</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is a summary of risks of investing in
the Fund and the risk characteristics associated with the various securities, instruments, assets and investments as well as strategies
and techniques that may be available to the Fund for investment. The Fund&#8217;s risk profile is largely determined by the Fund&#8217;s
portfolio holdings and principal investment strategies (see the Fund&#8217;s most recent annual or semiannual report for portfolio holdings
information and see the Fund&#8217;s Prospectus for the description of the Fund&#8217;s principal investment strategies and principal
risks). The Funds are allowed to invest in other securities, instruments, assets and investments, and may engage in strategies and techniques
other than those described in the Fund&#8217;s Prospectus, subjecting the Fund to the risks associated with these other securities, instruments,
assets, investments, strategies and techniques.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">An investment in the Fund is not a bank deposit and
is not insured or guaranteed by any bank, the FDIC or any other government agency. One or more of the following risks may be associated
with an investment in a Fund at any time:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Allocation Risk. </b>For any Fund that uses an
asset allocation strategy in pursuit of its investment objective, there is a risk that the Fund&#8217;s allocation among asset classes,
investments, managers, strategies and/or investment styles will cause the Fund&#8217;s shares to lose value or cause the Fund to underperform
other funds with similar investment objectives and/or strategies, or that the investments themselves will not produce the returns expected.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Arbitrage Strategies Risk. </b>The Fund may purchase
securities at prices only slightly below the anticipated value to be paid or exchanged for such securities in a merger, exchange offer
or cash tender offer, and substantially above the prices at which such securities traded immediately prior to announcement of the transaction.
If there is a perception that the proposed transaction will not be consummated or will be delayed, the market price of the security may
decline sharply, which would result in a loss to the Fund. In addition, if the portfolio manager(s) determines that the offer is likely
to be increased, either by the original bidder or by another party, the Fund may purchase securities above the offer price; such purchases
are subject to a high degree of risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consummation of mergers and tender and exchange
offers can be prevented or delayed by a variety of factors, including opposition by the management or shareholders of the target company,
private litigation or litigation involving regulatory agencies, and approval or non-action of regulatory agencies. The likelihood of occurrence
of these and other factors, and their impact on an investment, can be very difficult to evaluate.</p>


<!-- Field: Page; Sequence: 121; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Bankruptcy Process and Trade Claims Risk. </b>The
Fund may purchase bankruptcy claims. There are a number of significant risks inherent in the bankruptcy process. The effect of a bankruptcy
filing on a company may adversely and permanently affect the company and cause it to be incapable of restoring itself as a viable business.
Many events in a bankruptcy are the product of contested matters and adversarial proceedings. The duration of a bankruptcy proceeding
is difficult to predict and a creditor&#8217;s return on investment can be adversely affected by delays while the plan of reorganization
is being finalized. The administrative costs in connection with a bankruptcy proceeding are frequently high and are paid out of the debtor&#8217;s
estate before any return to creditors. The Fund may also purchase trade claims against companies, including companies in bankruptcy or
reorganization proceedings, which include claims of suppliers for unpaid goods delivered, claims for unpaid services rendered, claims
for contract rejection damages and claims related to litigation. An investment in trade claims is very speculative, illiquid, and carries
a high degree of risk. The markets in trade claims are generally not regulated by U.S. federal securities laws or the SEC.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>CFTC Regulation Risk. </b>The Fund qualifies for
an exclusion from the definition of a commodity pool under the CEA and has on file a notice of exclusion under CFTC Rule 4.5. Accordingly,
the Adviser is not subject to registration or regulation as a commodity pool operator under the CEA with respect to the Fund, although
the Adviser is a registered commodity pool operator and &#8220;commodity trading advisor&#8221;. To remain eligible for the exclusion,
the Fund is limited in its ability to use certain financial instruments regulated under the CEA (&#8220;commodity interests&#8221;), including
futures and options on futures and certain swaps transactions. In the event that the Fund&#8217;s investments in commodity interests are
not within the thresholds set forth in the exclusion, the Fund may be required to register as a commodity pool, which could increase Fund
expenses, adversely affecting the Fund&#8217;s total return.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Confidential Information Access Risk</b>. In many
instances, issuers of floating rate loans offer to furnish material, non-public information (&#8220;Confidential Information&#8221;) to
prospective purchasers or holders of the issuer&#8217;s floating rate loans to help potential investors assess the value of the loan.
The portfolio managers may avoid the receipt of Confidential Information about the issuers of floating rate loans being considered for
acquisition by the Fund, or held in the Fund. A decision not to receive Confidential Information from these issuers may disadvantage the
Fund as compared to other floating rate loan investors, and may adversely affect the price the Fund pays for the loans it purchases, or
the price at which the Fund sells the loans. Further, in situations when holders of floating rate loans are asked, for example, to grant
consents, waivers or amendments, the ability to assess the desirability thereof may be compromised. For these and other reasons, it is
possible that the decision not to receive Confidential Information could adversely affect the Fund&#8217;s performance.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Contingent Value Rights Risk. </b>Risks associated
with an investment in CVRs are generally similar to risks associated with investing in options, such as the risk that the required trigger
event does not occur prior to a CVR&#8217;s expiration, causing the CVR to expire with no value. CVRs also present liquidity risk, as
they may be difficult or impossible to transfer. Further, because CVRs are valued based on the likelihood of the occurrence of a trigger
event, valuation often requires subjective modeling and judgment, which increases the risk of mispricing.</p>


<!-- Field: Page; Sequence: 122; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Derivatives Risk &#8211; Forward Contracts Risk</b>.
A forward contract is an over-the-counter derivative transaction between two parties to buy or sell a specified amount of an underlying
reference at a specified price (or rate) on a specified date in the future. Forward contracts are negotiated on an individual basis and
are not standardized or traded on exchanges. The market for forward contracts is substantially unregulated (there is no limit on daily
price movements and speculative position limits are not applicable). The principals who deal in certain forward contract markets are not
required to continue to make markets in the underlying references in which they trade and these markets can experience periods of illiquidity,
sometimes of significant duration. There have been periods during which certain participants in forward contract markets have refused
to quote prices for certain underlying references or have quoted prices with an unusually wide spread between the price at which they
were prepared to buy and that at which they were prepared to sell. At or prior to maturity of a forward contract, the Fund may enter into
an offsetting contract and may incur a loss to the extent there has been adverse movement in forward contract prices. The liquidity of
the markets for forward contracts depends on participants entering into offsetting transactions rather than making or taking delivery.
To the extent participants make or take delivery, liquidity in the market for forwards could be reduced. A relatively small price movement
in a forward contract may result in substantial losses to the Fund, exceeding the amount of the margin paid. Forward contracts can increase
the Fund&#8217;s risk exposure to underlying references and their attendant risks, such as credit risk, market risk, foreign currency
risk and interest rate risk, while also exposing the Fund to correlation risk, counterparty risk, hedging risk, inflation risk, leverage
risk, liquidity risk, pricing risk and volatility risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">A <b>forward foreign currency contract</b> is
a derivative (forward contract) in which the underlying reference is a country&#8217;s or region&#8217;s currency. The Fund may agree
to buy or sell a country&#8217;s or region&#8217;s currency at a specific price on a specific date in the future. These instruments may
fall in value (sometimes dramatically) due to foreign market downswings or foreign currency value fluctuations, subjecting the Fund to
foreign currency risk (the risk that Fund performance may be negatively impacted by foreign currency strength or weakness relative to
the U.S. dollar, particularly if the Fund exposes a significant percentage of its assets to currencies other than the U.S. dollar). The
effectiveness of any currency hedging strategy by a Fund may be reduced by the Fund&#8217;s inability to precisely match forward contract
amounts and the value of securities involved. Forward foreign currency contracts used for hedging may also limit any potential gain that
might result from an increase or decrease in the value of the currency. The Fund may use these instruments to gain leveraged exposure
to currencies, which is a speculative investment practice that increases the Fund&#8217;s risk exposure and the possibility of losses.
Unanticipated changes in the currency markets could result in reduced performance for the Fund. When the Fund converts its foreign currencies
into U.S. dollars, it may incur currency conversion costs due to the spread between the prices at which it may buy and sell various currencies
in the market.</span></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">A <b>forward interest rate agreement</b> is a
derivative whereby the buyer locks in an interest rate at a future settlement date. If the interest rate on the settlement date exceeds
the lock rate, the buyer pays the seller the difference between the two rates (based on the notional value of the agreement). If the lock
rate exceeds the interest rate on the settlement date, the seller pays the buyer the difference between the two rates (based on the notional
value of the agreement). The Fund may act as a buyer or a seller.</span></td></tr></table>


<!-- Field: Page; Sequence: 123; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><b>Derivatives Risk &#8211; Inverse Floaters
Risk</b>. Inverse variable or floating rate obligations, sometimes referred to as inverse floaters, are a type of over-the-counter derivative
debt instrument with a variable or floating coupon rate that moves in the opposite direction of an underlying reference, typically short-term
interest rates. As short-term interest rates go down, the holders of the inverse floaters receive more income and, as short-term interest
rates go up, the holders of the inverse floaters receive less income. Variable rate securities provide for a specified periodic adjustment
in the coupon rate, while floating rate securities have a coupon rate that changes whenever there is a change in a designated benchmark
index or the issuer&#8217;s credit rating. While inverse floaters tend to provide more income than similar term and credit quality fixed-rate
bonds, they also exhibit greater volatility in price movement, which could result in significant losses for the Fund. An inverse floater
may have the effect of investment leverage to the extent that its coupon rate varies by a magnitude that exceeds the magnitude of the
change in the index or reference rate of interest, which could result in increased losses for the Fund. There is a risk that the current
interest rate on variable and floating rate instruments may not accurately reflect current market interest rates or adequately compensate
the holder for the current creditworthiness of the issuer. Some inverse floaters are structured with liquidity features and may include
market-dependent liquidity features that may expose the Fund to greater liquidity risk. Inverse floaters can increase the Fund&#8217;s
risk exposure to underlying references and their attendant risks, such as credit risk, market risk, foreign currency risk and interest
rate risk, while also exposing the Fund to correlation risk, counterparty risk, hedging risk, inflation risk, leverage risk, liquidity
risk, pricing risk and volatility risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><b>Derivatives Risk &#8211; Structured
Investments Risk</b>. Structured investments are over-the-counter derivatives that provide principal and/or interest payments based on
the value of an underlying reference(s). Structured investments typically provide interest income, thereby offering a potential yield
advantage over investing directly in an underlying reference. Structured investments may lack a liquid secondary market and their prices
or value can be volatile which could result in significant losses for the Fund. In some cases, depending on its terms, a structured investment
may provide that principal and/or interest payments may be adjusted below zero resulting in a potential loss of principal and/or interest
payments. Additionally, the particular terms of a structured investment may create economic leverage by requiring payment by the issuer
of an amount that is a multiple of the price change of the underlying reference. Economic leverage will increase the volatility of structured
investment prices, and could result in increased losses for the Fund. The Fund&#8217;s use of structured instruments may not work as intended.
If structured investments are used to reduce the duration of the Fund&#8217;s portfolio, this may limit the Fund&#8217;s return when having
a longer duration would be beneficial (for instance, when interest rates decline). Structured investments can increase the Fund&#8217;s
risk exposure to underlying references and their attendant risks, such as credit risk, market risk, foreign currency risk and interest
rate risk, while also exposing the Fund to correlation risk, counterparty risk, hedging risk, inflation risk, leverage risk, liquidity
risk, pricing risk and volatility risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>An equity-linked note </b>(ELN) is a derivative
(structured investment) that has principal and/or interest payments based on the value of a single equity security, a basket of equity
securities, or an index of equity securities, and generally has risks similar to these underlying equity securities. ELNs may be leveraged
or unleveraged. An ELN typically provides interest income, thereby offering a yield advantage over investing directly in an underlying
equity. The Fund may purchase ELNs that trade on a securities exchange or those that trade on the over-the-counter markets, as well as
in privately negotiated transactions with the issuer of the ELN. Investments in ELNs are also subject to liquidity risk, which may make
ELNs difficult to sell and value. The liquidity of unlisted ELNs is normally determined by the willingness of the issuer to make a market
in the ELN. While the Fund will seek to purchase ELNs only from issuers that it believes to be willing and able to repurchase the ELN
at a reasonable price, there can be no assurance that the Fund will be able to sell at such a price. Furthermore, such inability to sell
may impair the Fund&#8217;s ability to enter into other transactions at a time when doing so might be advantageous. The Fund&#8217;s investments
in ELNs have the potential to lead to significant losses, including the amount the Fund invested in the ELN, because ELNs are subject
to the market and volatility risks associated with their underlying equity. In addition, because ELNs often take the form of unsecured
notes of the issuer, the Fund would be subject to the risk that the issuer may default on its obligations under the ELN, thereby subjecting
the Fund to the further risk of being too concentrated in the securities (including ELNs) of that issuer. However, the Fund typically
considers ELNs alongside other securities of the issuer in its assessment of issuer concentration risk. In addition, ELNs may exhibit
price behavior that does not correlate with the underlying securities. ELNs may also be subject to leverage risk. The Fund may or may
not hold an ELN until its maturity. ELNs also include participation notes.</span></td></tr></table>


<!-- Field: Page; Sequence: 124; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Derivatives Risk &#8211; Swaps Risk</b>. In a typical
swap transaction, two parties agree to exchange the return earned on a specified underlying reference for a fixed return or the return
from another underlying reference during a specified period of time. Swaps may be difficult to value and may be illiquid. Swaps could
result in Fund losses if the underlying asset or reference does not perform as anticipated. Swaps create significant investment leverage
such that a relatively small price movement in a swap may result in immediate and substantial losses to the Fund. The Fund may only close
out a swap with its particular counterparty, and may only transfer a position with the consent of that counterparty. Certain swaps, such
as short swap transactions and total return swaps, have the potential for unlimited losses, regardless of the size of the initial position.
Swaps can increase the Fund&#8217;s risk exposure to underlying references and their attendant risks, such as credit risk, market risk,
foreign currency risk, and interest rate risk, while also exposing the Fund to correlation risk, counterparty risk, hedging risk, inflation
risk, leverage risk, liquidity risk, pricing risk and volatility risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">A <b>credit default swap</b> (including a swap
on a credit default index, sometimes referred to as a credit default swap index) is a derivative and special type of swap where one party
pays, in effect, an insurance premium through a stream of payments to another party in exchange for the right to receive a specified return
upon the occurrence of a particular credit event by one or more third parties, such as bankruptcy, default or a similar event. A credit
default swap may be embedded within a structured note or other derivative instrument. Credit default swaps enable an investor to buy or
sell protection against such a credit event (such as an issuer&#8217;s bankruptcy, restructuring or failure to make timely payments of
interest or principal). Credit default swap indices are indices that reflect the performance of a basket of credit default swaps and are
subject to the same risks as credit default swaps. If such a default were to occur, any contractual remedies that the Fund may have may
be subject to bankruptcy and insolvency laws, which could delay or limit the Fund&#8217;s recovery. Thus, if the counterparty under a
credit default swap defaults on its obligation to make payments thereunder, as a result of its bankruptcy or otherwise, the Fund may lose
such payments altogether, or collect only a portion thereof, which collection could involve costs or delays. The Fund&#8217;s return from
investment in a credit default swap index may not match the return of the referenced index. Further, investment in a credit default swap
index could result in losses if the referenced index does not perform as expected. Unexpected changes in the composition of the index
may also affect performance of the credit default swap index. If a referenced index has a dramatic intraday move that causes a material
decline in the Fund&#8217;s net assets, the terms of the Fund&#8217;s credit default swap index may permit the counterparty to immediately
close out the transaction. In that event, the Fund may be unable to enter into another credit default swap index or otherwise achieve
desired exposure, even if the referenced index reverses all or a portion of its intraday move.</span></td></tr></table>


<!-- Field: Page; Sequence: 125; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">An <b>inflation rate swap</b> is a derivative
typically used to transfer inflation risk from one party to another through an exchange of cash flows. In an inflation rate swap, one
party pays a fixed rate on a notional principal amount, while the other party pays a floating rate linked to an inflation index, such
as the Consumer Price Index (&#8220;CPI&#8221;).</span></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">An <b>interest rate swap</b> is a derivative
in which two parties agree to exchange interest rate cash flows, based on a specified notional amount from a fixed rate to a floating
rate (or vice versa) or from one floating rate to another. Interest rate swaps can be based on various measures of interest rates, including
swap rates, treasury rates, foreign interest rates and other reference rates.</span></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>Total return swaps</b> are derivative swap
transactions in which one party agrees to pay the other party an amount equal to the total return of a defined underlying reference during
a specified period of time. In return, the other party would make periodic payments based on a fixed or variable interest rate or on the
total return of a different underlying reference.</span></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Derivatives Risk &#8211; Swaptions Risk</b>. A
swaption is an options contract on a swap agreement. These transactions give the purchasing party the right (but not the obligation) to
enter into new swap agreements or to shorten, extend, cancel or otherwise modify an existing swap agreement at some designated future
time on specified terms, in return for payment of the purchase price (the &#8220;premium&#8221;) of the option. The Fund may write (sell)
and purchase put and call swaptions to the same extent it may make use of standard options on securities or other instruments. The writer
of the contract receives the premium and bears the risk of unfavorable changes in the market value on the underlying swap agreement. Swaptions
can be bundled and sold as a package. These are commonly called interest rate caps, floors and collars.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Environmental, Social and Governance Investing
Risk</b>. The Fund&#8217;s consideration of issuer environmental, social and corporate governance data may cause the Fund to invest in,
forego investing in, or sell securities of issuers, including issuers within certain sectors, regions and countries that could negatively
impact Fund performance, including relative to a benchmark or other funds that do not consider environmental, social and corporate governance
data, or funds that do but make different investment decisions based thereon.</p>


<!-- Field: Page; Sequence: 126; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Event-Driven Trading Risk</b>. The Fund may seek
to profit from the occurrence of specific corporate or other events. A delay in the timing of these events, or the failure of these events
to occur at all, may have a significant negative effect on the Fund&#8217;s performance. Event-driven investing requires the portfolio
managers to make predictions about (i) the likelihood that an event will occur and (ii) the impact such event will have on the value of
a company&#8217;s securities. If the event fails to occur or it does not have the effect foreseen, losses can result. For example, the
adoption of new business strategies, a meaningful change in management or the sale of a division or other significant assets by a company
may not be valued as highly by the market as the portfolio managers had anticipated, resulting in losses. In addition, a company may announce
a plan of restructuring which promises to enhance value and fail to implement it, resulting in losses to investors.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Exchange-Traded Notes Risk</b>. Exchange-traded
notes (ETNs) are unsecured, unsubordinated debt securities that expose the Fund to the risk that an ETN&#8217;s issuer may be unable to
pay, which means that the Fund is subject to issuer credit risk, including that the value of the ETN may drop due to a downgrade in the
issuer&#8217;s credit rating, despite the underlying benchmark or strategy remaining unchanged. ETNs do not typically offer principal
protection, so the Fund may lose some or all of its investment. The returns of ETNs are usually linked to the performance of a market
benchmark or strategy, less investor fees and expenses. The Fund will bear its proportionate share of the fees and expenses of the ETN,
which may cause the Fund&#8217;s returns to be lower. The return on ETNs will typically be lower than the total return on a direct investment
in the components of the underlying index or strategy because of the ETN&#8217;s investor fees and expenses. The value of an ETN may also
be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in the underlying market,
changes in the applicable interest rates, and economic, legal, political, or geographic events that affect the referenced underlying benchmark
or strategy.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Foreign Currency Risk</b>. The performance of the
Fund may be materially affected positively or negatively by foreign currency strength or weakness relative to the U.S. dollar, particularly
if the Fund invests a significant percentage of its assets in foreign securities or other assets denominated in currencies other than
the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short or long periods of time for a number of reasons,
including changes in interest rates, imposition of currency controls and economic or political developments in the U.S. or abroad. The
Fund may also incur currency conversion costs when converting foreign currencies into U.S. dollars and vice versa. Restrictions on currency
trading may be imposed by foreign countries, which may adversely affect the value of your investment in the Fund. Even though the currencies
of some countries may be pegged to the U.S. dollar, the conversion rate may be controlled by government regulation or intervention at
levels significantly different than what would normally prevail in a free market. Significant revaluations of the U.S. dollar exchange
rate of these currencies could cause substantial reductions in the Fund&#8217;s NAV.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Foreign Currency-Related Tax Risk</b>. As a regulated
investment company (&#8220;RIC&#8221;), the Fund must derive at least 90% of its gross income for each taxable year from sources treated
as &#8220;qualifying income&#8221; under the Internal Revenue Code of 1986, as amended. The Fund may gain exposure to local currency markets
through forward currency contracts. Although foreign currency gains currently constitute &#8220;qualifying income,&#8221; the Internal
Revenue Service has the authority to issue regulations excluding from the definition of &#8220;qualifying income&#8221; a RIC&#8217;s
foreign currency gains not &#8220;directly related&#8221; to its &#8220;principal business&#8221; of investing in stock or securities
(or options and futures with respect thereto). Such regulations might treat gains from some of the Fund&#8217;s foreign currency-denominated
positions as not qualifying income and there is a possibility that such regulations might be applied retroactively, in which case, the
Fund might not qualify as a RIC for one or more years. In the event the Internal Revenue Service issues such regulations, the Fund&#8217;s
Board may authorize a significant change in investment strategy or the Fund&#8217;s liquidation.</p>


<!-- Field: Page; Sequence: 127; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Frontier Market Risk</b>. Frontier market countries
generally have smaller economies and even less developed capital markets than typical emerging market countries (which themselves have
increased investment risk relative to more developed market countries) and, as a result, the Fund&#8217;s exposure to risks associated
with investing in emerging market countries are magnified when the Fund invests in frontier market countries. The increased risks include:
the potential for extreme price volatility and illiquidity in frontier market countries; government ownership or control of parts of the
private sector and of certain companies; trade barriers, exchange controls, managed adjustments in relative currency values and other
protectionist measures imposed or negotiated by the countries with which frontier market countries trade; and the relatively new and unsettled
securities laws in many frontier market countries. In addition, frontier market countries are more likely to experience instability resulting,
for example, from rapid changes or developments in social, political and economic conditions. Some frontier market countries have a higher
risk of currency devaluations, and some of these countries may experience periods of high inflation or rapid changes in inflation rates
and may have hostile relations with other countries.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Geographic Focus Risk</b>. The Fund may be particularly
susceptible to risks related to economic, political, regulatory or other events or conditions affecting issuers and countries within the
specific geographic regions in which the Fund invests. Currency devaluations could occur in countries that have not yet experienced currency
devaluation to date, or could continue to occur in countries that have already experienced such devaluations. As a result, the Fund&#8217;s
NAV may be more volatile than the NAV of a more geographically diversified fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Growth Securities Risk</b>. Growth securities typically
trade at a higher multiple of earnings than other types of equity securities. Accordingly, the market values of growth securities may
never reach their expected market value and may decline in price. In addition, growth securities, at times, may not perform as well as
value securities or the stock market in general, and may be out of favor with investors for varying periods of time. Growth securities
may also be sensitive to movements in interest rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Hedging Transactions Risk</b>. The Fund may utilize
financial instruments, both for investment purposes and for risk management purposes in order to (i) protect against possible changes
in the market value of the Fund's investment portfolio resulting from fluctuations in the securities markets and changes in interest rates;
(ii) protect the Fund's unrealized gains in the value of the Fund's investment portfolio; (iii) facilitate the sale of any such investments;
(iv) enhance or preserve returns, spreads or gains on any investment in the Fund's portfolio; (v) hedge the interest rate or currency
exchange rate on any of the Fund's liabilities or assets; (vi) protect against any increase in the price of any securities the Fund anticipates
purchasing at a later date or (vii) for any other reason that the Adviser deems appropriate.</p>


<!-- Field: Page; Sequence: 128; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The success of the Fund's hedging strategy will depend,
in part, upon the Adviser&#8217;s ability to correctly assess the degree of correlation between the performance of the instruments used
in the hedging strategy and the performance of the portfolio investments being hedged. Since the characteristics of many securities change
as markets change or time passes, the success of the Fund's hedging strategy will also be subject to the Adviser's ability to continually
recalculate, readjust and execute hedges in an efficient and timely manner. While the Fund may enter into hedging transactions to seek
to reduce risk, such transactions may result in a poorer overall performance for the Fund than if it had not engaged in such hedging transactions.
For a variety of reasons, the Adviser may not seek to establish a perfect correlation between the hedging instruments utilized and the
portfolio holdings being hedged. Such an imperfect correlation may prevent the Fund from achieving the intended hedge or expose the Fund
to risk of loss. The Adviser may not hedge against a particular risk because it does not regard the probability of the risk occurring
to be sufficiently high as to justify the cost of the hedge, or because it does not foresee the occurrence of the risk. The successful
utilization of hedging and risk management transactions requires skills complementary to those needed in the selection of the Fund's portfolio
holdings.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Highly Leveraged Transactions Risk</b>. The loans
or other debt instruments in which the Fund invests may consist of transactions involving refinancings, recapitalizations, mergers and
acquisitions and other financings for general corporate purposes. The Fund&#8217;s investments also may include senior obligations of
a borrower issued in connection with a restructuring pursuant to Chapter 11 of the U.S. Bankruptcy Code (commonly known as &#8220;debtor-in-possession&#8221;
financings), provided that such senior obligations are determined by the Fund&#8217;s portfolio managers to be a suitable investment for
the Fund. In such highly leveraged transactions, the borrower assumes large amounts of debt in order to have the financial resources to
attempt to achieve its business objectives. Such business objectives may include but are not limited to: management&#8217;s taking over
control of a company (leveraged buy-out); reorganizing the assets and liabilities of a company (leveraged recapitalization); or acquiring
another company. Loans or other debt instruments that are part of highly leveraged transactions involve a greater risk (including default
and bankruptcy) than other investments.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Impairment of Collateral Risk</b>. The value of
collateral, if any, securing a loan can decline, and may be insufficient to meet the borrower&#8217;s obligations or difficult or costly
to liquidate. In addition, the Fund&#8217;s access to collateral may be limited by bankruptcy or other insolvency laws. Further, certain
floating rate and other loans may not be fully collateralized and may decline in value.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Inflation-Protected Securities Risk</b>. Inflation-protected
debt securities tend to react to changes in real interest rates. Real interest rates can be described as nominal interest rates minus
the expected impact of inflation. In general, the price of an inflation-protected debt security falls when real interest rates rise, and
rises when real interest rates fall. Interest payments on inflation-protected debt securities will vary as the principal and/or interest
is adjusted for inflation and may be more volatile than interest paid on ordinary bonds. In periods of deflation, the Fund may have no
income at all from such investments. Income earned by a shareholder depends on the amount of principal invested, and that principal will
not grow with inflation unless the shareholder reinvests the portion of Fund distributions that comes from inflation adjustments. A Fund&#8217;s
investment in certain inflation-protected debt securities may generate taxable income in excess of the interest they pay to the Fund,
which may cause the Fund to sell investments to obtain cash to make income distributions to shareholders, including at times when it may
not be advantageous to do so.</p>


<!-- Field: Page; Sequence: 129; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>IPO Risk</b>. IPOs are subject to many of the same
risks as investing in companies with smaller market capitalizations. To the extent the Fund determines to invest in IPOs, it may not be
able to invest to the extent desired, because, for example, only a small portion (if any) of the securities being offered in an IPO are
available to the Fund. The investment performance of the Fund during periods when it is unable to invest significantly or at all in IPOs
may be lower than during periods when the Fund is able to do so. In addition, as the Fund increases in size, the impact of IPOs on the
Fund&#8217;s performance will generally decrease. IPOs sold within 12 months of purchase may result in increased short-term capital gains,
which will be taxable to the Fund&#8217;s shareholders as ordinary income.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Listed Private Equity Fund Investment Risk</b>.
Private equity funds include financial institutions or vehicles whose principal business is to invest in and lend capital to privately
held companies. The Fund is subject to the underlying risks that affect private equity funds in which it invests, which may include increased
liquidity risk (the risk that it may not be possible for the Fund to liquidate the instrument at an advantageous time or price), pricing
risk (the risk that the investment may be difficult to value), sector risk (the risk that a significant portion of Fund assets invested
in one or more economic sectors may make the Fund more vulnerable to unfavorable developments in that sector than funds that invest more
broadly) and credit risk (the risk that the issuer of a debt instrument will default or otherwise become unable, or be perceived to be
unable or unwilling, to honor a financial obligation, such as making payments to the Fund when due). Limited or incomplete information
about the companies in which private equity funds invest, and relatively concentrated investment portfolios of private equity funds, may
expose the Fund to greater volatility and risk of loss. Fund investment in private equity funds subjects Fund shareholders indirectly
to the fees and expenses incurred by private equity funds.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Loan Assignment/Loan Participation Risk</b>. If
a bank loan is acquired through an assignment, the Fund may not be able to unilaterally enforce all rights and remedies under the loan
and with regard to any associated collateral. If a bank loan is acquired through a participation, the Fund generally will have no right
to enforce compliance by the borrower with the terms of the loan agreement, and the Fund may not benefit from the collateral supporting
the debt obligation in which it has purchased the participation. As a result, the Fund will be exposed to the credit risk of both the
borrower and the institution selling the participation.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Loan Interests Risk</b>. Loan interests may not
be considered &#8220;securities,&#8221; and purchasers, such as the Fund, therefore may not be entitled to rely on the anti-fraud protections
of the federal securities laws. Loan interests generally are subject to restrictions on transfer, and the Fund may be unable to sell loan
interests at a time when it may otherwise be desirable to do so or may be able to sell them only at prices that are less than what the
Fund regards as their fair market value. Accordingly, loan interests may at times be illiquid. Loan interests may be difficult to value
and typically have extended settlement periods (generally greater than 7 days). This exposes the Fund to the risk that the receipt of
principal and interest payments may be late due to delayed interest settlement. Extended settlement periods during significant Fund redemption
activity could potentially cause increased short-term liquidity demands on the Fund. As a result, the Fund may be forced to sell investments
at unfavorable prices, or borrow money or effect short settlements where possible (at a cost to the Fund), in an effort to generate sufficient
cash to pay redeeming stockholders. The Fund&#8217;s actions in this regard may not be successful. Interests in loans created to finance
highly leveraged companies or transactions, such as corporate acquisitions, may be especially vulnerable to adverse changes in economic
or market conditions.</p>


<!-- Field: Page; Sequence: 130; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Interests in secured loans have the benefit of collateral
and, typically, of restrictive covenants limiting the ability of the borrower to further encumber its assets, although many covenants
may be waived or modified with the consent of a certain percentage of the holders of the loans even if the Fund does not consent. There
is a risk that the value of any collateral securing a loan in which the Fund has an interest may decline and that the collateral may not
be sufficient to cover the amount owed on the loan. In most loan agreements there is no formal requirement to pledge additional collateral.
In the event the borrower defaults, the Fund&#8217;s access to the collateral may be limited or delayed by bankruptcy or other insolvency
laws. Further, there is a risk that a court could take action with respect to a loan that is adverse to the holders of the loan, including
the Fund. Such actions may include invalidating the loan, the lien on the collateral, the priority status of the loan, or ordering the
refund of interest previously paid by the borrower. Any such actions by a court could adversely affect the Fund&#8217;s performance. A
default or expected default of a loan could also make it difficult for the Fund to sell the loan at a price approximating the value previously
placed on it. In order to enforce its rights in the event of a default, bankruptcy or similar situation, the Fund may be required to retain
legal or similar counsel. This may increase the Fund&#8217;s operating expenses and adversely affect its NAV. Loans that have a lower
priority for repayment in an issuer&#8217;s capital structure may involve a higher degree of overall risk than more senior loans of the
same borrower. In the event of a default, second lien secured loans will generally be paid only if the value of the collateral exceeds
the amount of the borrower&#8217;s obligations to the first lien secured lenders. The remaining collateral may not be sufficient to cover
the full amount owed on the loan in which the Fund has an interest. In addition, if a secured loan is foreclosed, the Fund would likely
bear the costs and liabilities associated with owning and disposing of the collateral. The collateral may be difficult to sell and the
Fund would bear the risk that the collateral may decline in value while the Fund is holding it. From time to time, disagreements may arise
amongst the holders of loans and debt in the capital structure of an issuer, which may give rise to litigation risks, including the risk
that a court could take action adverse to the holders of the loan, which could negatively impact the Fund&#8217;s performance.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may acquire a loan interest by obtaining
an assignment of all or a portion of the interests in a particular loan that are held by an original lender or a prior assignee. As an
assignee, the Fund will usually succeed to all rights and obligations of its assignor with respect to the portion of the loan that is
being assigned. However, the rights and obligations acquired by the purchaser of a loan assignment may differ from, and be more limited
than, those held by the original lenders or the assignor. Alternatively, the Fund may acquire a participation interest in a loan that
is held by another party. When the Fund&#8217;s loan interest is a participation, the Fund may have less control over the exercise of
remedies than the party selling the participation interest, and the Fund normally would not have any direct rights against the borrower.
As a participant, the Fund would also be subject to the risk that the party selling the participation interest would not remit the Fund&#8217;s
pro rata share of loan payments to the Fund. It may also be difficult for the Fund to obtain an accurate picture of a lending bank&#8217;s
financial condition.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Master Limited Partnership Risk</b>. Investments
in securities (units) of master limited partnerships involve risks that differ from an investment in common stock. Holders of these units
have more limited rights to vote on matters affecting the partnership.</p>


<!-- Field: Page; Sequence: 131; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These units may be subject to cash flow and dilution
risks. There are also certain tax risks associated with such an investment. In particular, the Fund&#8217;s investment in master limited
partnerships can be limited by the Fund&#8217;s intention to qualify as a regulated investment company for U.S. federal income tax purposes,
and can limit the Fund&#8217;s ability to so qualify. In addition, conflicts of interest may exist between common unit holders, subordinated
unit holders and the general partner of a master limited partnership, including a conflict arising as a result of incentive distribution
payments. In addition, there are risks related to the general partner&#8217;s right to require unit holders to sell their common units
at an undesirable time or price.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Multi-Strategy Risk</b>. The multi-strategy approach
employed by the Fund involves special risks, which include the risk that investment decisions, at the Fund or the underlying fund level,
may conflict with each other; for example, at any particular time, one manager may be purchasing shares of an issuer whose shares are
being sold by another manager. Consequently, the Fund could indirectly incur transaction costs without accomplishing any net investment
result. Also, managers may use proprietary or licensed investment strategies that are based on considerations and factors that are not
fully disclosed to the Fund or other investors.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moreover, consistent with the Fund&#8217;s investment
objectives, these proprietary or licensed investment strategies, which may include quantitative mathematical models or systems, may be
changed or refined over time. A manager (or the licensor of the strategies used by the manager) may make certain changes to the strategies
the manager has previously used, may not use such strategies at all (or the manager&#8217;s license may be revoked), or may use additional
strategies, where such changes or discretionary decisions, and the reasons for such changes or decisions, are also not disclosed to the
Fund or other investors. These strategies may involve risks under some market conditions that are not anticipated by the Adviser or the
Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Opportunistic Investing Risk</b>. Undervalued securities
involve the risk that they may never reach their expected full market value, either because the market fails to recognize the security&#8217;s
intrinsic worth or the expected value was misgauged. Securities that are believed to be undervalued by the portfolio managers may decline
in price. Turnaround companies may never improve their fundamentals, may take much longer than expected to improve, or may improve much
less than expected. Development stage companies could fail to develop and deplete their assets, resulting in large percentage losses.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Qualified Financial Contracts Risk</b>. Qualified
financial contracts include agreements relating to swaps, currency forwards and other derivatives as well as repurchase agreements and
securities lending agreements. Beginning in 2019, regulations adopted by prudential regulators will require certain qualified financial
contracts entered into with certain counterparties that are part of a</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">U.S. or foreign banking organization designated as
a global-systemically important banking organization to include contractual provisions that delay or restrict the rights of counterparties,
such as the Funds, to exercise certain close-out, cross-default and similar rights under certain conditions. Qualified financial contracts
are subject to a stay for a specified time period during which counterparties, such as the Funds, will be prevented from closing out a
qualified financial contract if the counterparty is subject to resolution proceedings and prohibit the Funds from exercising default rights
due to a receivership or similar proceeding of an affiliate of the counterparty. Implementation of these requirements may increase credit
and other risks to the Funds.</p>


<!-- Field: Page; Sequence: 132; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Repurchase Agreements Risk</b>. Repurchase agreements
are agreements in which the seller of a security to the Fund agrees to repurchase that security from the Fund at a mutually agreed upon
price and time. Repurchase agreements carry the risk that the counterparty may not fulfill its obligations under the agreement. This could
cause the Fund&#8217;s income and the value of your investment in the Fund to decline.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Reverse Repurchase Agreements Risk</b>. Reverse
repurchase agreements are agreements in which a Fund sells a security to a counterparty, such as a bank or broker-dealer, in return for
cash and agrees to repurchase that security at a mutually agreed upon price and time. Reverse repurchase agreements carry the risk that
the market value of the security sold by the Fund may decline below the price at which the Fund must repurchase the security. Reverse
repurchase agreements also may be viewed as a form of borrowing, and borrowed assets used for investment creates leverage risk (the risk
that losses may be greater than the amount invested). Leverage can create an interest expense that may lower the Fund&#8217;s overall
returns. Leverage presents the opportunity for increased net income and capital gains, but may also exaggerate the Fund&#8217;s volatility
and risk of loss. There can be no guarantee that this strategy will be successful.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Stripped Securities Risk</b>. Stripped securities
are the separate income or principal components of debt securities. These securities are particularly sensitive to changes in interest
rates, and therefore subject to greater fluctuations in price than typical interest bearing debt securities. For example, stripped treasury
securities have greater interest rate risk (the risk of losses attributable to changes in interest rates) than traditional government
securities with identical credit ratings.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Zero-Coupon Bonds Risk</b>. Zero-coupon bonds are
bonds that do not pay interest in cash on a current basis, but instead accrue interest over the life of the bond. As a result, these securities
are issued at a discount and their values may fluctuate more than the values of similar securities that pay interest periodically. Although
these securities pay no interest to holders prior to maturity, interest accrued on these securities is reported as income to the Fund
and affects the amounts distributed to its stockholders, which may cause the Fund to sell investments to obtain cash to make income distributions
to shareholders, including at times when it may not be advantageous to do so.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain of the risks described above in this SAI may
also apply, directly or indirectly, to the Adviser and its affiliates, which may negatively impact their respective abilities to provide
services to the Fund, potentially resulting in losses to the Fund or other consequences.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-transform: uppercase"><b>MANAGEMENT
OF THE FUND</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Investment Management Agreement</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Although the Adviser intends to devote such time and
effort to the business of the Fund as is reasonably necessary to perform its duties to the Fund, the services of the Adviser are not exclusive
and the Adviser provides similar services to other investment companies and other clients and may engage in other activities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The investment management agreement between the Adviser
and the Fund (the &#8220;Investment Management Agreement&#8221;) also provides that in the absence of willful misfeasance, bad faith,
gross negligence or reckless disregard of its obligations thereunder, the Adviser (and its officers, managers, agents, employees, partners,
controlling persons, members, and any other persons or entity affiliated with the Adviser) is not be liable to the Fund, the members of
the Board, or any of the Fund&#8217;s shareholders for any act or omission by the Adviser in the course of, or connected with, rendering
advisory services provided from time to time by the Adviser or for any losses that may be sustained in the purchase, holding or sale of
any security of the Fund. The Investment Management Agreement also provides for indemnification by the Fund of the Adviser, its officers,
managers, employees, agents, partners, controlling persons, members, and any other person affiliated with the Adviser for all damages,
liabilities, costs and expenses incurred by them in connection with their services to the Fund, subject to certain limitations and conditions.</p>


<!-- Field: Page; Sequence: 133; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Investment Management Agreement provides for the
Fund to pay a monthly management fee at an annual rate equal to 1.05% of the average daily value of the Fund&#8217;s Managed Assets. &#8220;Managed
Assets&#8221; means the Fund&#8217;s average daily gross asset value, minus the sum of the Fund&#8217;s accrued and unpaid dividends on
any outstanding preferred shares and accrued liabilities (other than liabilities for the principal amount of any borrowings incurred,
commercial paper and notes issued by the Fund and the liquidation preference of any outstanding preferred shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund and the Adviser have entered into the Expense
Limitation Agreement, pursuant to which the Adviser has agreed to limit expenses, excluding interest, taxes, investor relations services,
other investment-related costs, leverage expenses, extraordinary expenses, other expenses not incurred in the ordinary course of the Fund&#8217;s
business, and expenses of any counsel or other persons or services retained by the Fund&#8217;s Independent Trustees, to 1.05% of Managed
Assets plus 0.30% of average daily net assets. For the year ended October 31, 2024, $982,139 fees were waived and reimbursed. The Adviser
may, at a later date, recoup from the Fund fees waived and/or other expenses reimbursed by the Adviser during the previous 36 months,
but only if, after such recoupment, the Fund&#8217;s expense ratio does not exceed the percentage described above. For the year ended
October 31, 2024, none of the fees waived were recouped. The current Expense Limitation Agreement expires on July 1, 2025 and automatically
renews for one-year terms. The Expense Limitation Agreement may be terminated or modified at any time, upon approval of the Board.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Investment Management Agreement will continue
in effect from year to year provided that each continuance is specifically approved at least annually by both (1) the vote of a majority
of the Board or the vote of a majority of the outstanding voting securities of the Fund (as such term is defined in the Investment Company
Act) and (2) by the vote of a majority of the Trustees who are not parties to the Investment Management Agreement or &#8220;interested
persons&#8221; (as such term is defined in the Investment Company Act) of any such party, cast in person at a meeting called for the purpose
of voting on such approval. The Investment Management Agreement may be terminated as a whole at any time by the Fund, without the payment
of any penalty, by action of the Board or by a majority of the Fund&#8217;s outstanding voting securities or by the Adviser, on 60 days&#8217;
written notice by either party to the other. The Investment Management Agreement will terminate automatically in the event of any transfer
or &#8220;assignment&#8221; (as such term is defined in the Investment Company Act and the rules thereunder) thereof.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below sets forth information about the total
management fees paid by the Fund to the Adviser, and the amounts waived and reimbursed by the Adviser, for the periods indicated:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; width: 50%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Fiscal Year Ended</b></span></td>
    <td style="border-bottom: Black 1pt solid; width: 25%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Paid to the Adviser</b></span></td>
    <td style="border-bottom: Black 1pt solid; width: 25%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Waived and Reimbursed<br/>
by the Adviser<sup>(1)</sup></b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">October 31, 2024</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$4,340,801</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$987,184</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">October 31, 2023</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$4,797,121</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$450,898</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">October 31, 2022</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$5,442,997</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$1,525,184</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0"/><td style="width: 20pt; text-align: left">(1)</td><td style="text-align: justify">Waived and reimbursed fees shown are net of any recoupment by the
Adviser.</td>
</tr></table>


<!-- Field: Page; Sequence: 134; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>The Board of Trustees</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">The Fund is governed by the Board, which oversees the Fund&#8217;s business
and affairs. The Board delegates the day-to-day management of the Fund to the Fund&#8217;s officers and to various service providers that
have been contractually retained to provide such day-to-day services. The Trustees oversee the Fund&#8217;s activities, review contractual
arrangements with companies that provide services to the Fund, and review the Fund&#8217;s investment performance. The following table
provides biographical information about the Trustees as of the date of this SAI, including their principal occupations during the past
five years.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Interested Trustees</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 19%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Name, Address<sup>(1)</sup>, <br/>
Year of Birth</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Position(s) Held with Fund</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Term of Office and Length of Time Served</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 32%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Principal Occupations in the Past 5 Years</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Number of Funds in the Fund Complex Overseen by Trustee</b></span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Other Directorships Held in the Past 5 Years</b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Andrew Kellerman</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1965)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Trustee</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since July 2020</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Served as Partner, President, and Head of Business Development at Saba Capital Management, L.P. since 2018</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">2</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Saba Capital Income &amp; Opportunities Fund II</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0"/><td style="width: 20pt; text-align: left">(1)</td><td style="text-align: justify">The mailing address for Andrew Kellerman is 405 Lexington Avenue,
58<sup>th</sup> Floor, New York, NY 10174.</td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>Independent Trustees</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;&#160;</b></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 20%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Name, Address<sup>(1)</sup>, <br/>
Year of Birth</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Position(s) Held with Fund</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Term of Office and Length of Time Served</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 30%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Principal Occupations in the Past 5 Years</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Number of Funds in the Fund Complex Overseen by Trustee</b></span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Other Directorships Held in the Past 5 Years</b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Thomas Bumbolow</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1976)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Trustee</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since January 2021</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Thomas Bumbolow currently serves as Head of Distribution &amp; Business Development at American Life, an insurance company which blends innovative reinsurance capabilities with an elite asset management business. Mr. Bumbolow also serves as advisor to Limitless Ventures, a venture-based social fund and was the co-Founder of protoCapital, a merchant bank that operated from 2017-2020. Mr. Bumbolow has 20 years of experience at JP Morgan Chase, where he held various roles in fixed-income sales and trading from 1997-2017. He has been a board member of Stepping Stones Museum for Children since 2018.</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Stepping Stones Museum </span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>


<!-- Field: Page; Sequence: 135; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 20%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Karen Caldwell</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1959)</p></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Trustee</span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since July 2020</span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 30%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Karen Caldwell has served as the Chief Financial Officer of Tides since November 2024. Previously, Ms. Caldwell served as the Chief Financial Officer of Reform Alliance from 2019 to November 2024. From 2018 to 2019, Ms. Caldwell served as the Chief Financial Officer and Treasurer of the NHP Foundation, a non-profit dedicated to increasing housing affordability. She has been a board member of Saba Income &amp; Opportunities Fund II since February 2023. </span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">2</span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Saba Capital Income &amp; Opportunities Fund II</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Ketu Desai</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1982)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Trustee</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since July 2020</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Ketu Desai has served as the founding partner and Principal of i-squared Wealth Management, Inc., a private wealth investment management firm, since 2016. He has been a board member of Saba Capital Income &amp; Opportunities Fund II since February 2023.</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">2</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Saba Capital Income &amp; Opportunities Fund II; ASA Gold and Precious Metals Limited Fund</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Anatoly Nakum</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1974)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Trustee</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since April 2024</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Anatoly Nakum has served as the Head of Capital Markets at ESG Financial from 2021 to present; Mr. Nakum formerly served as the Head of Credit Trading at Americas at Credit Agricole from 2018 to 2020. </span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">2</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Saba Capital Income &amp; Opportunities Fund II</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0"/><td style="width: 20pt; text-align: left">(1)</td><td style="text-align: justify">The mailing address for each Independent Trustee is 405 Lexington
Avenue, 58<sup>th</sup> Floor, New York, NY 10174.</td>
</tr></table>


<!-- Field: Page; Sequence: 136; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>Board Leadership Structure and Related Matters </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board consists of five individuals (each, a &#8220;Trustee&#8221;),
four of whom are Independent Trustees. Andrew Kellerman, an Interested Trustee, serves as the Chairperson of the Board. The responsibilities
of the Chairperson of the Board include: coordinating with management in the preparation of the agendas for Board meetings; presiding
at Board meetings; between Board meetings, serving as a primary liaison with other Trustees, officers of the Fund, management personnel,
and legal counsel to the Independent Trustees; and such other duties as the Board periodically may determine. Mr. Kellerman is deemed
to be an interested person of the Fund, as defined by the Investment Company Act, because he is a partner of the Adviser. The designation
of an individual as the Chairperson does not impose on such person any duties, obligations, or liabilities greater than the duties, obligations
or liabilities on such person as a member of the Board, generally. The Board does not have a lead independent Trustee, although Thomas
Bumbolow is the Chairperson of the Nominating and Corporate Governance Committee, which oversees the governance activities of the Board.
For the fiscal year ended October 31, 2024, the Board held [&#9679;] meetings (not including committee meetings).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board performs many of its oversight and other
activities through the committee structure described below. Each Committee operates pursuant to a written charter approved by the Board.
The Independent Trustees have engaged independent legal counsel to assist them in performing their oversight responsibilities. The Board
believes that its committee structure is an effective means of empowering the Trustees to perform their fiduciary and other duties. For
example, the Board&#8217;s committee structure facilitate, as appropriate, the ability of the individual Board members to receive detailed
presentations on topics under their review and to develop increased familiarity with respect to such topics and with key personnel at
relevant service providers. At least annually, with guidance from its Nominating and Governance Committee, the Board analyzes whether
there are potential means to enhance the efficiency and effectiveness of the Board&#8217;s operations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Audit Committee</i></b>. The Board has established
an Audit Committee whose functions include, among other things: the appointment, compensation, retention and oversight of the work of
the Fund&#8217;s independent registered accounting firm engaged for the purpose of preparing or issuing an audit report or performing
other audit, review or attest services for the Fund. The Audit Committee currently consists of three (3) Independent Trustees. The following
Trustees currently serve as members of the Audit Committee: Ms. Caldwell and Messrs. Bumbolow and Desai. Ms. Caldwell currently serves
as the Chairperson of the Audit Committee. All Audit Committee members have been designated as Audit Committee Financial Experts under
the Sarbanes-Oxley Act of 2002. The Audit Committee held [&#9679;] meetings during the fiscal year ended October 31, 2024.</p>


<!-- Field: Page; Sequence: 137; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Nominating and Corporate Governance Committee</i></b>.
The Board has established a Nominating and Corporate Governance Committee (the &#8220;Nominating Committee&#8221;), whose functions include
the following:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">1.</td><td style="text-align: justify">The Nominating Committee will make recommendations for nominations of Independent Trustees of the Board
to the incumbent Independent Trustees and to the full Board. The Nominating Committee will evaluate candidates&#8217; qualifications for
Board membership and the independent of such candidates from the Adviser and other principal service providers. The Nominating Committee
will also consider the effect of any relationships beyond those delineated in the Investment Company Act, e.g., business, financial or
family relationships with investment managers or service providers.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">2.</td><td style="text-align: justify">The Nominating Committee will evaluate candidates&#8217; qualifications and make recommendations for Interested
Trustees on the Board to the full Board.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">3.</td><td style="text-align: justify">The Nominating Committee may adopt, from time to time, specific minimum qualifications that the Nominating
Committee believes a candidate must meet before being considered as a candidate for Board membership and shall comply with any rules adopted,
from time to time, by the SEC regarding investment company nominating committees and the nomination of persons to be considered as candidates
for Board membership. In considering a candidate&#8217;s qualifications, the Nominating Committee generally considers the potential candidate&#8217;s
educational background, business, professional experience, and reputation.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">4.</td><td style="text-align: justify">The Nominating Committee will review shareholder recommendations for nominations to fill vacancies on
the Board if such recommendations are submitted in writing and addressed to the Nominating Committee at the Fund&#8217;s offices. The
Nominating Committee will adopt, by resolution, a policy regarding its procedures for considering candidates for the Board, including
any recommended by shareholders.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Nominating Committee has established as minimum
qualifications for Board membership as an Independent Trustee: (i) that such candidate be an individual possessing high standards of character
and integrity, relevant experience, a willingness to ask hard questions and the ability to work well with others; (ii) that such candidate
be free of conflicts of interest that would violate applicable law or regulation or interfere with the proper performance of the responsibilities
of a Trustee; (iii) that such candidate be willing and able to devote sufficient time to the affairs of the Fund and be diligent in fulfilling
the responsibilities of a Trustee; and (iv) that such candidate have the capacity and desire to represent the balanced, and best interests
of the Fund&#8217;s shareholders as a whole, and not a special interest group or constituency.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following Trustees currently serve as members
of the Nominating Committee: Ms. Caldwell and Messrs. Bumbolow and Desai. Mr. Bumbolow currently serves as the Chairperson of the Nominating
Committee. The Nominating Committee typically meets at least once per year, and may hold special meetings by telephone or in person to
discuss specific matters that may require action prior to the next regular meeting. The Nominating Committee held [&#9679;] meetings during
the fiscal year ended October 31, 2024.</p>


<!-- Field: Page; Sequence: 138; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Nominating Committee will consider candidates
recommended by shareholders. In considering candidates submitted by shareholders, the Nominating Committee will take into consideration
the needs of the Board, the qualifications of the candidate and the interests of the shareholders.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>The Board&#8217;s Risk Oversight Role</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board oversees the risk management function consistent
with and as part of its oversight duties. The Board performs this risk management oversight function directly and, with respect to various
matters, through its committees. The following description provides an overview of many, but not all, aspects of the Board&#8217;s oversight
of risk management for the Fund. In this connection, the Board has been advised that is not practicable to identify all the risks that
may impact the Fund or to develop procedures or controls that are designed to eliminate all such risk exposures, and that applicable securities
law regulations do not contemplate that all risks be identified and addressed.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board, working with management personnel and other
service providers, has endeavored to identify the primary risks that confront the Fund. In general, these risks, include, among others:
(i) investment risks; (ii) valuation risks; (iii) operational risks; (iv) reputational risks; (v) regulatory risks; (vi) risks related
to potential legislative changes; (vii) the risk of conflicts of interest affecting affiliates in managing the Fund; and (viii) cybersecurity
risks. The Board has adopted and periodically reviews various policies and procedures that are designed to address these and other risks
confronting the Fund. In addition, many service providers to the Fund have adopted their own policies, procedures, and controls designed
to address particular risks to the Fund. The Board and persons retained to render advice and service to the Board, including ALPS Fund
Services, Inc., which provides certain administrative, middle office and transfer agency services to the Fund, and Foreside Fund Officer
Services, LLC, which provides third-party compliance officer and treasurer services to the Fund, periodically review and/or monitor changes
to, and developments relating to, the effectiveness of these policies and procedures.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board oversees risk management activities in part
through receipt and review by the Board of regular and special reports, presentations and other information from officers of the Fund,
including the Chief Compliance Officer for the Fund and the Adviser&#8217;s Chief Risk Officer, and from other service providers.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Trustee Share Ownership</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth information regarding
each Trustee&#8217;s beneficial ownership of equity securities of the Fund and the aggregate holdings of share of equity securities of
all registered investment companies overseen by each Trustee within the same family of investment companies as the Fund as of December
31, 2024.</p>


<!-- Field: Page; Sequence: 139; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 50%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Name of Trustee</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 25%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Fund</b></span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 25%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Aggregate Dollar Range<br/>
of Equity Securities in<br/>
all Registered<br/>
Investment Companies<br/>
Overseen by Trustee in <br/>
Family of<br/>
Investment Companies</b></span></td></tr>
  <tr style="vertical-align: top">
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Independent Trustees</b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Karen Caldwell</span></td>
    <td style="white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</span></td>
    <td style="border-right: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Ketu Desai</span></td>
    <td style="white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</span></td>
    <td style="border-right: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Anatoly Nakum</span></td>
    <td style="white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</span></td>
    <td style="border-right: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Thomas Bumbolow</span></td>
    <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Trustee who is an &#8220;Interested Person&#8221;</b></span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 2.5pt double; border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Andrew Kellerman </span></td>
    <td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 2.5pt double; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>Compensation of Trustees</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Each Independent Trustee is compensated for his or
her services, on a quarterly basis, according to a fee schedule adopted by the Board. For serving on the Board, each Independent Trustee
is paid (effective in 2025) a $30,000 annual retainer fee. Additionally, Ms. Caldwell receives an additional fee of $7,500 per year for
her service as Audit Committee Chairperson. Each Trustee is reimbursed for reasonable expenses incurred in connection with each meeting
of the Board, Audit Committee or Nominating Committee meetings attended, as applicable. The Board may, from time to time, designate other
meetings as subject to compensation.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth the compensation paid
to the Trustees by the Fund and the aggregate compensation paid to them by other funds managed by the Adviser and its affiliates for the
fiscal year ended October 31, 2024. Mr. Kellerman serves without compensation from the Fund because of his affiliation with the Adviser.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 50%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Name of Trustee</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 25%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Aggregate<br/>
Compensation from the<br/>
Fund</b></span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 25%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Total Compensation<br/>
from the Fund and<br/>
Complex Paid to<br/>
Trustees</b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Karen Caldwell</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$22,500</span></td>
    <td style="border-right: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif">$45,000</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Ketu Desai</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$15,000</span></td>
    <td style="border-right: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif">$30,000</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Thomas Bumbolow</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$15,000</span></td>
    <td style="border-right: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif">$30,000</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Anatoly Nakum</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$15,000</span></td>
    <td style="border-right: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif">$30,000</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Andrew Kellerman</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>


<!-- Field: Page; Sequence: 140; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>Independent Trustee Ownership of Securities</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2024, none of the Independent Trustees
of the Fund or their immediate family members owned beneficially or of record any securities of the Adviser or any person controlling,
controlled by or under common control with the Adviser nor did any Independent Trustee of the Fund or their immediate family members have
any material interest in any transaction, or series of similar transactions, during the most recently completed two calendar years involving
the Fund, the Adviser or any person controlling, controlled by or under common control with the Fund or the Adviser.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of the date of this SAI, the officers and Trustees
of the Fund, as a group, beneficially owned less than 1% of the outstanding common shares of the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>Information Pertaining to the Officers</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The officers of the Fund are elected by the Board
and hold office until their successors are chosen and qualified, or until they sooner resign, are removed, or are otherwise disqualified
to serve. The following table provides biographical information about the officers as of the date of this SAI, including their principal
occupations during the past five years.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 19%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Name, Address<sup>(1)</sup>, <br/>
Year of Birth</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Position(s) Held with Fund</b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 19%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Term of Office and Length of Time Served</b></span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 50%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Principal Occupations in the Past 5 Years</b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Boaz Weinstein</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1973)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">President</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since May 2021</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">CIO of Saba Capital</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Paul Kazarian</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1984)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Chief Executive Officer</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since November 2024</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Portfolio Manager at Saba Capital</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Michael D&#8217;Angelo</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1978)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Secretary </span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since May 2021</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">COO and General Counsel at Saba Capital</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Patrick Keniston<sup>(2)</sup></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1964)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Chief Compliance Officer</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since June 2021</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Managing Director, Foreside Fund Services, LLC </span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Troy Statczar<sup>(2)</sup></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1971)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Principal Financial Officer, Treasurer </span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Since June 2021</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Senior Director, Foreside Treasurer Services</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Nitin Sapru</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">(1980)</p></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Vice President</span></td>
    <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&#160;Since May 2021</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&#160;</td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0"/><td style="width: 20pt; text-align: left">(1)</td><td style="text-align: justify">Unless otherwise indicated, the mailing address for each officer
is 405 Lexington Avenue, 58<sup>th</sup> Floor, New York, NY 10174.</td>
</tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0"/><td style="width: 20pt; text-align: left">(2)</td><td style="text-align: justify">Patrick Keniston&#8217;s and Troy Statczar&#8217;s mailing address
is Foreside Fund Services, LLC, 3 Canal Plaza, Suite 100, Portland, ME 04101.</td>
</tr></table>


<!-- Field: Page; Sequence: 141; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>Portfolio Management</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><i>Portfolio Manager Assets Under Management</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><i>&#160;</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">The following table sets forth information about funds and accounts other
than the Fund for which the portfolio managers are primarily responsible for the day-to-day portfolio management as of October 31, 2024:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&#160;</td>
    <td colspan="3" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt"><b>(ii) Number of Other Accounts Managed and Assets by Account Type</b></span></td>
    <td colspan="3" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(iii) Number of Other Accounts and Assets for</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Which Advisory Fee is</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Performance-Based</b></p></td></tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 28%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(i) Name of </b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Portfolio Manager</b></p></td>
    <td style="border-bottom: Black 1pt solid; width: 12%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Other</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Registered</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Investment</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Companies</b></p></td>
    <td style="border-bottom: Black 1pt solid; width: 12%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Other Pooled</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Investment</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Vehicles</b></p></td>
    <td style="border-bottom: Black 1pt solid; width: 12%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Other</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Accounts</b></p></td>
    <td style="border-bottom: Black 1pt solid; width: 12%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Other</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Registered</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Investment</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Companies</b></p></td>
    <td style="border-bottom: Black 1pt solid; width: 12%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Other Pooled</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Investment</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Vehicles</b></p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Other</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Accounts</b></p></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-size: 11pt">Boaz Weinstein</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">2</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">13</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">8</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">0</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">13</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">8</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$497,907,503</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$3,844,215,019</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$560,614,855</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">-</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$3,844,215,019</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$560,614,855</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-size: 11pt">Paul Kazarian</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">2</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">13</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">6</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">0</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">13</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">6</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$497,907,503</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$3,844,215,019</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$267,135,250</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">-</span></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$3,844,215,019</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">$267,135,250</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><i>Portfolio Manager Compensation Overview</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><i>&#160;</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The discussion below describes the portfolio managers&#8217;
compensation as of October 31, 2024.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The portfolio managers are compensated by the Adviser
and do not receive any compensation directly from the Fund. Each portfolio manager receives a base salary and, as a partner in the firm,
earns profit distributions as well as discretionary bonuses from time to time. The availability and amount of any bonus will be based
on factors such as the Adviser&#8217;s profitability and each portfolio manager&#8217;s individual performance and team contribution.
No portfolio manager is compensated based on Fund performance or on the value of assets held in the Fund&#8217;s portfolio.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Securities Ownership of Portfolio Managers</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of October 31, 2024, the dollar range of securities
beneficially owned by each portfolio manager in the Fund is shown below:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 50%; text-align: center"><span style="font-size: 11pt"><b>Portfolio Manager</b></span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 50%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dollar Range of Equity </b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Securities of the Trust </b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Beneficially Owned</b></p></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-size: 11pt">Boaz Weinstein</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">0</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-size: 11pt">Paul Kazarian</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 11pt">0</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>


<!-- Field: Page; Sequence: 142; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>Potential Material Conflicts of Interest</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain business activities of the Adviser may lead
to potential conflicts of interest. For example, the portfolio managers&#8217; management of other accounts may give rise to potential
conflicts of interest in connection with the concurrent management of the Fund&#8217;s investments and the investments of the portfolio
managers&#8217; other accounts. The other accounts may have similar investment objectives as the Fund. Therefore, a potential conflict
of interest may arise as a result of those similar investment objectives, whereby a portfolio manager could favor one account over another.
Another potential conflict could include the portfolio managers&#8217; knowledge about the size, timing and possible market impact of
Fund trades, whereby the portfolio managers could use this information to the advantage of other accounts and to the disadvantage of the
Fund. However, the Adviser has established policies and procedures to ensure that the purchase and sale of securities among all accounts
managed by the portfolio managers are fairly and equitably allocated. Other present and future activities of the Adviser may give rise
to additional conflicts of interest. For example, the investment activities of an account that the Adviser manages, or more generally
the activities of the Adviser, may result in another account being required to forgo certain investment or divestment activity or otherwise
restrict the ability of the account to engage in certain activities that would not otherwise be prohibited. In the event that a conflict
of interest arises, the Adviser will attempt to resolve such conflicts in a fair and equitable manner, as measured over time.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Proxy Voting Policies</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board has delegated the responsibility to vote
proxies for securities held in the Fund&#8217;s portfolio to the Adviser. Proxies for the portfolio securities are voted in accordance
with the Adviser&#8217;s proxy voting policies and procedures, which are set forth in Appendix A to this SAI.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Information on how the Fund voted proxies relating
to portfolio securities during the most recent 12-month period ended June 30 is available (i) without charge on the Fund&#8217;s website
at www.sabacef.com and (ii) on the SEC&#8217;s website at http://www.sec.gov.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Codes of Ethics</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund and the Adviser have adopted codes of ethics
(&#8220;Codes of Ethics&#8221;) pursuant to Rule 17j-1 under the Investment Company Act governing personal trading activities of all Trustees,
Officers of the Fund and persons who, in connection with their regular functions, play a role in the recommendation of or obtain information
pertaining to any purchase or sale of a security by the Fund. The Codes of Ethics is intended to prohibit fraud against a Fund that may
arise from the personal trading of securities that may be purchased or held by that Fund or of the Fund&#8217;s shares. The Codes of Ethics
prohibits short-term trading of the Fund&#8217;s shares by persons subject to the Codes of Ethics. Personal trading is permitted by such
persons subject to certain restrictions; however, such persons are generally required to pre-clear all security transactions with the
Adviser or its affiliates and to report all transactions on a regular basis.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Codes of Ethics is available on the SEC&#8217;s
website at www.sec.gov and copies may also be obtained at prescribed rates by electronic request at publicinfo@sec.gov.</p>


<!-- Field: Page; Sequence: 143; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>PORTFOLIO
TRANSACTIONS AND BROKERAGE</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The policy of the Fund regarding purchases and sales
of securities of the Fund is that primary consideration will be given to obtaining the most favorable prices and efficient executions
of transactions. Consistent with this policy, when securities transactions are effected on a stock exchange, the Fund&#8217;s policy is
to pay commissions which are considered fair and reasonable without necessarily determining that the lowest possible commissions are paid
in all circumstances. The Fund believes that a requirement always to seek the lowest possible commission cost could impede effective portfolio
management and preclude the Fund and the Adviser from obtaining a high quality of brokerage and research services. In seeking to determine
the reasonableness of brokerage commissions paid in any transaction, the Adviser will rely upon its experience and knowledge regarding
commissions generally charged by various brokers and on its judgment in evaluating the brokerage services received from the broker effecting
the transaction. Such determinations are necessarily subjective and imprecise, as in most cases, an exact dollar value for those services
is not ascertainable. The Fund has adopted policies and procedures that prohibit the consideration of sales of the Fund&#8217;s shares
as a factor in the selection of a broker or dealer to execute its portfolio transactions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Adviser owes a fiduciary duty to its clients to
seek to provide best execution on trades effected. In selecting a broker or dealer for each specific transaction, the Adviser chooses
the broker/dealer deemed most capable of providing the services necessary to obtain the most favorable execution. Best execution is generally
understood to mean the most favorable cost or net proceeds reasonably obtainable under the circumstances. The full range of brokerage
services applicable to a particular transaction may be considered when making this judgment, which may include, but is not limited to:
liquidity, price, commission, timing, aggregated trades, capable floor brokers or traders, competent block trading coverage, ability to
position, capital strength and stability, reliable and accurate communications and settlement processing, use of automation, knowledge
of other buyers or sellers, arbitrage skills, administrative ability, underwriting and provision of information on a particular security
or market in which the transaction is to occur. The specific criteria will vary depending upon the nature of the transaction, the market
in which it is executed, and the extent to which it is possible to select from among multiple brokers or dealers. The Adviser may also
use electronic crossing networks (&#8220;ECNs&#8221;) when appropriate.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Adviser may use the Fund&#8217;s assets for, or
participate in, third-party soft dollar arrangements, in addition to receiving proprietary research from various full service brokers,
the cost of which is bundled with the cost of the broker&#8217;s execution services. The Adviser does not &#8220;pay up&#8221; for the
value of any such proprietary research. Section 28(e) of the Exchange Act permits the Adviser, under certain circumstances, to cause the
Fund to pay a broker or dealer a commission for effecting a transaction in excess of the amount of commission another broker or dealer
would have charged for effecting the transaction in recognition of the value of brokerage and research services provided by the broker
or dealer. The Adviser may receive a variety of research services and information on many topics, which it can use in connection with
its management responsibilities with respect to the various accounts over which it exercises investment discretion or otherwise provides
investment advice. The research services may include qualifying order management systems, portfolio attribution and monitoring services
and computer software and access charges which are directly related to investment research. Accordingly, the Fund may pay a broker commission
higher than the lowest available in recognition of the broker&#8217;s provision of such services to the Adviser, but only if the Adviser
determines the total commission (including the soft dollar benefit) is comparable to the best commission rate that could be expected to
be received from other brokers. The amount of soft dollar benefits received depends on the amount of brokerage transactions effected with
the brokers. A conflict of interest exists because there is an incentive to: (1) cause clients to paya higher commission than the firm
might otherwise be able to negotiate; (2) cause clients to engage in more securities transactions than would otherwise be optimal; and
(3) only recommend brokers that provide soft dollar benefits.</p>


<!-- Field: Page; Sequence: 144; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Adviser faces a potential conflict of interest
when it uses client trades to obtain brokerage or research services. This conflict exists because the Adviser is able to use the brokerage
or research services to manage client accounts without paying cash for such services, which reduces the Adviser&#8217;s expenses to the
extent that the Adviser would have purchased such products had they not been provided by brokers. Section 28(e) permits the Adviser to
use brokerage or research services for the benefit of any account it manages. Certain accounts managed by the Adviser may generate soft
dollars used to purchase brokerage or research services that ultimately benefit other accounts managed by the Adviser, effectively cross-subsidizing
the other accounts managed by the Adviser that benefit directly from the product. The Adviser may not necessarily use all of the brokerage
or research services in connection with managing the Fund whose trades generated the soft dollars used to purchase such products.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Adviser is responsible for placing orders on behalf
of the Fund for the purchase or sale of portfolio securities. If purchases or sales of portfolio securities of the Fund and one or more
other investment companies or clients supervised by the Adviser are considered at or about the same time, transactions in such securities
are allocated among the several investment companies and clients in a manner deemed equitable and consistent with its fiduciary obligations
to all by the Adviser. In some cases, this procedure could have a detrimental effect on the price or volume of the security so far as
the Fund is concerned. However, in other cases, it is possible that the ability to participate in volume transactions and to negotiate
lower brokerage commissions will be beneficial to the Fund. The primary consideration is prompt execution of orders at the most favorable
net price.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may deal with affiliates in principal transactions
to the extent permitted by exemptive order or applicable rule or regulation.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Information about the brokerage commissions paid by
the Fund, including commissions paid to affiliates, for the last three fiscal years, is set forth in the following table:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-weight: bold">Fiscal Year Ended</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Aggregate</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Brokerage</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Commissions</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Paid</b></p></td><td style="border-bottom: Black 1pt solid">&#160;</td><td style="border-bottom: Black 1pt solid">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Commissions</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Paid to</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Affiliates</b></p></td><td style="border-bottom: Black 1pt solid">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="width: 70%">October 31, 2024</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">	[&#9679;]</span></td><td style="white-space: nowrap; width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">0</td><td style="white-space: nowrap; width: 1%; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td>October 31, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">	[&#9679;]</span></td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">0</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td>October 31, 2022</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">	[&#9679;]</span></td><td style="white-space: nowrap; text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td style="text-align: right">0</td><td style="white-space: nowrap; text-align: left">&#160;</td></tr>
  </table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the fiscal year ended October 31, 2024, the brokerage
commissions paid to affiliates by the Fund represented 0% of the aggregate brokerage commissions paid and involved 0% of the dollar amount
of transactions involving payment of commissions during the year.</p>


<!-- Field: Page; Sequence: 145; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table shows the dollar amount of brokerage
commissions paid to brokers for providing third-party research services and the approximate dollar amount of the transactions involved
for the fiscal year ended October 31, 2024. The provision of third-party research services was not necessarily a factor in the placement
of all brokerage business with such brokers.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; width: 50%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Amount of Commissions Paid to Brokers for<br/>
Providing Research Services</b></span></td>
    <td style="border-bottom: Black 1pt solid; width: 50%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Amount of Brokerage Transactions Involved</b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</span></td>
    <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif">As of October
31, 2024, the Fund did not hold securities of its &#8220;regular brokers or dealers&#8221; (as defined in Rule 10b-1 under the Investment
Company Act) whose shares were purchased during the fiscal year ended October 31, 2024.</span><span style="font-size: 11pt"><b>..</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>PORTFOLIO TURNOVER RATE</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Portfolio turnover may vary from year to year, as well as within a year.
The portfolio turnover rates for the specified periods are set forth in the table below. Significant variations in portfolio turnover
from year-to-year are generally the result of fluctuations in the size of the Fund or changes to the Fund&#8217;s portfolio holdings.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 50%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Fiscal Year Ended October 31, 2024</b></span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 50%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Fiscal Year Ended October 31, 2023</b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">129.43%</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">76.16%</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>CONFLICTS
OF INTEREST</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Certain activities of the Adviser and its directors,
officers or employees, with respect to the Fund and/or other accounts managed by the Adviser, may give rise to actual or perceived conflicts
of interest such as those described below. </i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Adviser, its personnel and its affiliates, serve
as investment advisers, management companies, general partners, managing members, and/or special shareholders to multiple clients. The
Adviser will devote as much of its time to the activities of each of its clients as it deems necessary and appropriate. The Adviser is
not restricted from forming additional investment funds, from entering into other investment advisory or sub-advisory relationships or
from engaging in other business activities, even though such activities may be in direct competition with existing clients, including
the Fund, and may involve substantial time and resources of the Adviser. These activities could be viewed as creating a conflict of interest
in that the time and effort of the members and partners of the Adviser and its officers and employees will not be devoted exclusively
to the business of the Fund, but will be allocated between the business of the Fund and the management of the monies of other advisees
of the Adviser.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain business activities of the Adviser may lead
to potential conflicts of interest. The management of multiple clients may give rise to potential conflicts of interest in connection
with the concurrent management of the investments for the Fund and the investments in other clients of the Adviser. For example, a potential
conflict of interest may arise as a result of clients with similar investment objectives, whereby the Adviser could favor one account
over another. Another potential conflict could include the Adviser&#8217;s knowledge about the size, timing and possible market impact
of certain trades, whereby the Adviser could use this information to the advantage of other accounts and to the disadvantage of the Fund.
However, the Adviser has established policies and procedures to ensure that the purchase and sale of securities among all accounts managed
by the Adviser are fairly and equitably allocated. Other present and future activities of the Adviser may give rise to additional conflicts
of interest. For example, the investment activities of an account that the Adviser manages, or more generally the activities of the Adviser,
may result in the Fund being required to forgo certain investment or divestment activity or otherwise restrict the ability of the Fund
to engage in certain activities that would not otherwise be prohibited. In the event that a conflict of interest arises, the Adviser will
attempt to resolve such conflicts in a fair and equitable manner, as measured over time.</p>


<!-- Field: Page; Sequence: 146; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain employees of the Adviser currently serve as
directors or advisory board members of portfolio companies or other entities, and will continue to do so in the future. In connection
with such services, the Adviser or its employees may either receive directors&#8217; fees or other similar compensation attributable to
such employees&#8217; services or waive such fees. If the Adviser receives any such fees or compensation with such employees providing
services to one or more portfolio companies in which its clients invests, all of such fees or compensation ratably attributable to the
clients&#8217; investments in such portfolio companies (net of taxes and other expenses related thereto) will be applied as an offset
to the management fee on a dollar-for-dollar basis. Such amounts are not expected to be material. Employees of the Adviser must have such
arrangements pre-approved by its Chief Compliance Officer (&#8220;CCO&#8221;). Similarly, employees are required to seek pre-approval
from the CCO and their relevant supervisor prior to serving as a director of any company, or engaging in any similar outside business
activities that are not related to an investment by the clients.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Adviser, from time to time, engages service providers
on behalf of itself and/or its clients in which certain clients, partners, directors, officers, consultants deemed by compliance to be
access persons, and employees of the Adviser (together, the &#8220;Employees&#8221;), affiliates, and/or other personnel of the Adviser
have a financial interest in, participate in the management of, and/or serve on the advisory board of such service providers (each, an
&#8220;Affiliated Service Provider&#8221;). Clients engaging an Affiliated Service Provider are expected to bear the Affiliated Service
Provider&#8217;s fees, terms and conditions, and expenses (including with respect to terms and compensation), which are expected to be
competitive, when taken as a whole, with the compensation paid to, quality and quantity of the service provided by, and terms and conditions
of the engagement with third parties for comparable services that could reasonably be made available to such clients. No management fee
or expense offset is expected to be applied to the Affiliated Service Provider for such services. The Adviser may be viewed as having
an incentive to direct clients, including the Fund, to engage the Affiliated Service Provider because of the financial or other business
interests of certain clients, Employees, affiliates and/or other personnel of the Adviser. The Adviser seeks to mitigate any such conflict
by, among other things, periodically evaluating as a whole, using commercially reasonable means, the pricing of, quality and quantity
of the services provided by, and terms and conditions of engagements with alternative unaffiliated service providers.</p>


<!-- Field: Page; Sequence: 147; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Adviser will provide discretionary and may provide
non-discretionary investment management services to other clients, as well as managed accounts and other investment partnerships or funds,
which may have similar investment objectives to those of the Fund. The Adviser has in the past, and will in the future, give advice and
recommend securities to other clients which may differ from advice given to, or securities recommended or bought for, the Fund, even though
their investment objectives may be the same or similar to those of the Fund. The Fund, for example, may make an investment at the same
time that one or more of the other accounts managed by the Adviser is disposing of the same or a similar investment. Likewise, the Fund
may make an investment in a position which is already held by one or more of the other accounts managed by the Adviser. It is possible
that the activities or strategies used for the other accounts could conflict with the activities and strategies employed in managing the
assets of the Fund and affect the prices and availability of the securities and instruments in which the Fund invests. Decisions about
what action should be taken in a troubled situation, raise conflicts of interest. If additional capital is necessary as a result of financial
or other difficulties, other accounts may or may not provide such additional capital as each determines in their sole discretion. The
Adviser will seek to resolve such conflicts of interest in a fair and equitable manner.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Adviser has applied for an exemptive order from
the SEC (the &#8220;Order&#8221;) that would grant the funds managed by the Adviser or certain affiliates, the ability to fully negotiate
terms of co-investment transactions with other funds managed by the Adviser or certain affiliates, subject to the conditions included
therein. Until the Adviser receives the Order, the Fund will not be permitted to participate in certain investments with the Adviser&#8217;s
other funds or its affiliates. Even if the Order is granted, in certain situations, such as when there is an opportunity to invest in
different securities of the same issuer, the personnel of the Adviser or its affiliates will need to decide which client will proceed
with the investment. Such personnel will make these determinations based on policies and procedures, which are designed to reasonably
ensure that investment opportunities are allocated fairly and equitably among affiliated funds over time and in a manner that is consistent
with applicable laws, rules and regulations. When the Fund participates in a co-investment transaction, the personnel of the Adviser allocates
a portion of the investment to the Fund based on the Fund&#8217;s investment objective and strategies, investment policies, investment
positions, capital available for investment, and other pertinent factors. Any co-investment is made on equal footing with the funds managed
by the Adviser or its affiliates, including identical terms, conditions, price, class of securities purchased, timing, and registration
rights. In addition, a majority of the Independent Trustees generally must make certain conclusions in connection with a co-investment
transaction, including that (1) the terms of the proposed transaction, including the consideration to be paid, are reasonable and fair
to the Fund and its shareholders and do not involve overreaching of the Fund or its shareholders on the part of any person concerned and
(2) the transaction is consistent with the interests of the Fund&#8217;s shareholders and is consistent with the Fund&#8217;s investment
objective and strategies. To the extent the Fund is able to make co-investments with the Adviser&#8217;s affiliates, these co-investment
transactions may give rise to conflicts of interest or perceived conflicts of interest among the Fund and the other participating accounts.
Moreover, except in certain circumstances, when relying on the Order, the Fund is unable to invest in any issuer in which one or more
funds managed by the Adviser or its affiliates has previously invested.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may also invest alongside the Adviser&#8217;s
and its affiliates&#8217; other clients, including other entities they manage, which are referred to as affiliates&#8217; other clients,
in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations and guidance as well as the Adviser&#8217;s
allocation policies. However, the Fund can offer no assurance that investment opportunities will be allocated to it fairly or equitably
in the short-term or over time.</p>


<!-- Field: Page; Sequence: 148; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In situations where co-investment with affiliates&#8217;
other clients is not permitted under the Investment Company Act and related rules, existing or future staff guidance, or the terms and
conditions of any exemptive relief granted to the Fund by the SEC, the Adviser will need to decide which client or clients will proceed
with the investment. Generally, the Fund will not have an entitlement to make a co-investment in these circumstances and, to the extent
that another client elects to proceed with the investment, the Fund will not be permitted to participate. Moreover, except in certain
circumstances, the Fund is unable to invest in any issuer in which an affiliates&#8217; other client holds a controlling interest. These
restrictions may limit the scope of investment opportunities that would otherwise be available to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">From time to time, the Adviser and/or one or more
of its affiliates have in the past, and may in the future, come into possession of material, non-public information, and such information
may limit the ability of the Fund to buy and sell investments, even if such information was obtained in the context of the investment
activities of other accounts. The Fund will not be free to act upon any such information. Due to these restrictions and/or contractual
restrictions imposed on any affiliate of the Adviser in connection with the management of other accounts, the Fund may not be able to
initiate a transaction that they otherwise might have initiated and may not be able to sell an investment that they otherwise might have
sold. Orders may be combined for all such accounts, and if any order is not filled at the same price, they may be allocated on an average
price basis. Similarly, if an order on behalf of more than one account cannot be fully executed under prevailing market conditions, securities
may be allocated among the different accounts on a basis which the Adviser considers equitable.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During periods in which the assets of the Fund are
not treated as &#8220;plan assets&#8221; for purposes of the Employee Retirement Income Security Act of 1973, the Adviser may determine
that it would not be in the best interests of the Fund and one or more funds and investment accounts managed by the Adviser to transfer
certain assets held by one or more such funds and investment accounts managed by the Adviser to other funds and investment accounts managed
by the Adviser, including for the purpose of rebalancing portfolios of such funds and investment accounts. For example, certain &#8220;cross&#8221;
trades may occur between clients as may be necessary to rebalance cash or various portfolio positions. Such transactions will be conducted
in accordance with, and subject to, the Adviser&#8217;s fiduciary obligations to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other present and future activities of the Adviser
may give rise to additional conflicts of interest. In the event that a conflict of interest arises, the Adviser will attempt to resolve
such conflicts in a fair and equitable manner.</p>


<!-- Field: Page; Sequence: 149; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><span style="text-transform: uppercase"><b></b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>DESCRIPTION
OF SHARES</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>Common Shares</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund intends to hold annual meetings of shareholders
so long as the common shares are listed on a national securities exchange and such meetings are required as a condition to such listing.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Preferred Shares</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund currently does not intend to issue preferred
shares. The terms of any preferred shares that the Fund might issue in the future, including dividend rate, liquidation preference and
redemption provisions, will be determined by the Board, subject to applicable law and the Declaration of Trust. The Board, without the
approval of the holders of common shares, may authorize an offering of preferred shares or may determine not to authorize such an offering,
and may fix the terms of the preferred shares to be offered.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Other Shares</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board (subject to applicable law and the Declaration
of Trust) may authorize an offering, without the approval of the holders of common shares and, depending on their terms, any preferred
shares outstanding at that time, of other classes of shares, or other classes or series of shares, as they determine to be necessary,
desirable or appropriate, having such terms, rights, preferences, privileges, limitations and restrictions as the Board sees fit. The
Board currently does not expect to issue any other classes of shares, or series of shares, except for the common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>REPURCHASE
OF COMMON SHARES</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board has approved an open market share repurchase
program to authorize the Fund to purchase up to 10% of the Fund&#8217;s common shares for the fiscal year in open market transactions,
at the discretion of the Adviser. The share repurchase program is intended to increase the Fund&#8217;s NAV to the benefit of all shareholders
and help create further value for shareholders by reducing the Fund&#8217;s discount to NAV.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subject to the 10% limitation in a fiscal year, the
timing and amount of repurchases will be at the discretion of the Adviser. In exercising its discretion consistent with its portfolio
management responsibilities, the Adviser will take into account various other factors, including, but not limited to, the level of discount,
the Fund&#8217;s performance, portfolio holdings, dividend history, market conditions, cash on hand, the availability of other attractive
investments, and whether the sale of certain portfolio securities would be undesirable because of liquidity concerns or because the sale
might subject the Fund to adverse tax consequences. Any repurchases would be made on a national securities exchange at the prevailing
market price, subject to exchange requirements, federal securities laws and rules that restrict repurchases. If and when the Fund&#8217;s
10% threshold is reached for a fiscal year, no further repurchases will be made (unless otherwise authorized by the Board) for such fiscal
year. The share repurchase program will require reauthorization by the Board for each new fiscal year. Until the 10% threshold in a fiscal
year is reached, the Adviser will have the flexibility to commence share repurchases if and when it is determined to be appropriate in
light of prevailing circumstances.</p>


<!-- Field: Page; Sequence: 150; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>TAX MATTERS</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is a description of certain U.S. federal
income tax consequences to a shareholder of acquiring, holding and disposing of common shares of the Fund. Except as otherwise noted,
this discussion assumes you are a taxable U.S. holder (as defined below). This discussion is based upon current provisions of the Internal
Revenue Code of 1986, as amended (the &#8220;Code&#8221;), the regulations promulgated thereunder and judicial and administrative authorities,
all of which are subject to change or differing interpretations by the courts or the Internal Revenue Service, possibly with retroactive
effect. No attempt is made to present a detailed explanation of all U.S. federal income tax concerns affecting the Fund and its shareholders,
and the discussions set forth here do not constitute tax advice. This discussion assumes that investors hold common shares of the Fund
as capital assets for U.S. federal income tax purposes (generally, assets held for investment). The Fund has not sought and will not seek
any ruling from the Internal Revenue Service regarding any matters discussed herein. No assurance can be given that the Internal Revenue
Service would not assert, or that a court would not sustain, a position contrary to those set forth below. This summary does not discuss
any aspects of non-U.S., state or local tax. Prospective investors must consult their own tax advisers as to the U.S. federal income tax
consequences (including the alternative minimum tax consequences) of acquiring, holding and disposing of the Fund&#8217;s common shares,
as well as the effects of state, local and non-U.S. tax laws.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, no attempt is made to address tax considerations
applicable to an investor with a special tax status, such as a financial institution, REIT, insurance company, regulated investment company,
individual retirement account, other tax-exempt organization, dealer in securities or currencies, person holding shares of the Fund as
part of a hedging, integrated, conversion or straddle transaction, trader in securities that has elected the mark-to-market method of
accounting for its securities, U.S. holder (as defined below) whose functional currency is not the U.S. dollar, investor with &#8220;applicable
financial statements&#8221; within the meaning of Section 451(b) of the Code, or non-U.S. investor. Furthermore, this discussion does
not reflect possible application of the alternative minimum tax.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A U.S. holder is a beneficial owner that is for U.S.
federal income tax purposes:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">(i)</td><td style="text-align: justify">a citizen or individual resident of the United States (including certain former citizens and former long-term
residents)&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">(ii)</td><td style="text-align: justify">a corporation or other entity treated as a corporation for U.S. federal income tax purposes, created or
organized in or under the laws of the United States or any state thereof or the District of Columbia&#894;</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">(iii)</td><td style="text-align: justify">an estate, the income of which is subject to U.S. federal income taxation regardless of its source&#894;
or</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"/><td style="width: 0.5in">(iv)</td><td style="text-align: justify">a trust with respect to which a court within the United States is able to exercise primary supervision
over its administration and one or more U.S. persons have the authority to control all of its substantial decisions or the trust has made
a valid election in effect under applicable Treasury regulations to be treated as a U.S. person for U.S. federal income tax purposes,
whose status as a U.S. person is not overridden by an applicable tax treaty.</td></tr></table>


<!-- Field: Page; Sequence: 151; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Taxation of the Fund</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund intends to elect to be treated and to qualify
to be taxed as a RIC under Subchapter M of the Code. In order to qualify as a RIC, the Fund must, among other things, satisfy certain
requirements relating to the sources of its income, diversification of its assets, and distribution of its income to its shareholders.
First, the Fund must derive at least 90% of its annual gross income from dividends, interest, payments with respect to securities loans,
gains from the sale or other disposition of stock or securities or foreign currencies, or other income (including but not limited to gains
from options, futures and forward contracts) derived with respect to its business of investing in such stock, securities or currencies,
or net income derived from interests in &#8220;qualified publicly traded partnerships&#8221; (as defined in the Code) (the &#8220;90%
gross income test&#8221;). Second, the Fund must diversify its holdings so that, at the close of each quarter of its taxable year, (i)
at least 50% of the value of its total assets consists of cash, cash items, U.S. Government securities, securities of other RICs and other
securities, with such other securities limited in respect of any one issuer to an amount not greater in value than 5% of the value of
the Fund&#8217;s total assets and to not more than 10% of the outstanding voting securities of such issuer, and (ii) not more than 25%
of the market value of the total assets is invested in the securities (other than U.S. Government securities and securities of other RICs)
of any one issuer, any two or more issuers controlled by the Fund and engaged in the same, similar or related trades or businesses, or
any one or more &#8220;qualified publicly traded partnerships.&#8221;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As long as the Fund qualifies as a RIC, the Fund will
generally not be subject to corporate-level U.S. federal income tax on income and gains that it distributes each taxable year to its shareholders,
provided that in such taxable year it distributes at least 90% of the sum of (i) its net tax-exempt interest income, if any, and (ii)
its &#8220;investment company taxable income&#8221; (which includes, among other items, dividends, taxable interest, taxable original
issue discount and market discount income, income from securities lending, net short-term capital gain in excess of net long-term capital
loss, and any other taxable income other than &#8220;net capital gain&#8221; (as defined below) and is reduced by deductible expenses)
determined without regard to the deduction for dividends paid. The Fund may retain for investment its net capital gain (which consists
of the excess of its net long-term capital gain over its net short-term capital loss). However, if the Fund retains any net capital gain
or any investment company taxable income, it will be subject to tax at regular corporate rates on the amount retained.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Code imposes a 4% nondeductible excise tax on
the Fund to the extent the Fund does not distribute by the end of any calendar year at least the sum of (i) 98% of its ordinary income
(not taking into account any capital gain or loss) for the calendar year and (ii) 98.2% of its capital gain in excess of its capital loss
(adjusted for certain ordinary losses) for a one-year period generally ending on October 31 of the calendar year (unless an election is
made to use the Fund&#8217;s fiscal year, which ends on October 31). In addition, the minimum amounts that must be distributed in any
year to avoid the excise tax will be increased or decreased to reflect any under-distribution or over-distribution, as the case may be,
from the previous year. For purposes of the excise tax, the Fund will be deemed to have distributed any income on which it paid U.S. federal
income tax. While the Fund intends to distribute any income and capital gain in the manner necessary to minimize imposition of the 4%
nondeductible excise tax, there can be no assurance that sufficient amounts of the Fund&#8217;s taxable income and capital gain will be
distributed to entirely avoid the imposition of the excise tax. In that event, the Fund will be liable for the excise tax only on the
amount by which it does not meet the foregoing distribution requirement.</p>


<!-- Field: Page; Sequence: 152; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If in any taxable year the Fund should fail to qualify
under Subchapter M of the Code for tax treatment as a RIC, the Fund would incur a regular corporate U.S. federal income tax upon all of
its taxable income for that year, and all distributions to its shareholders (including distributions of net capital gain) would be taxable
to shareholders as ordinary dividend income for U.S. federal income tax purposes to the extent of the Fund&#8217;s earnings and profits.
Provided that certain holding period and other requirements were met, such dividends would be eligible (i) to be treated as qualified
dividend income in the case of shareholders taxed as individuals and (ii) for the dividends received deduction in the case of corporate
shareholders. In addition, to qualify again to be taxed as a RIC in a subsequent year, the Fund would be required to distribute to shareholders
its earnings and profits attributable to non-RIC years. In addition, if the Fund failed to qualify as a RIC for a period greater than
two taxable years, then, in order to qualify as a RIC in a subsequent year, the Fund would be required to elect to recognize and pay tax
on any net built-in gain (the excess of aggregate gain, including items of income, over aggregate loss that would have been realized if
the Fund had been liquidated) or, alternatively, be subject to taxation on such built-in gain recognized for a period of five years.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The remainder of this discussion assumes that the
Fund qualifies for taxation as a RIC.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>The Fund&#8217;s Investments</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain of the Fund&#8217;s investment practices are
subject to special and complex U.S. federal income tax provisions (including mark-to-market, constructive sale, straddle, wash sale, short
sale and other rules) that may, among other things, (i) disallow, suspend or otherwise limit the allowance of certain losses or deductions,
(ii) convert lower taxed long-term capital gains or qualified dividend income into higher taxed short-term capital gains or ordinary income,
(iii) convert ordinary loss or a deduction into capital loss (the deductibility of which is more limited), (iv) cause the Fund to recognize
income or gain without a corresponding receipt of cash, (v) adversely affect the time as to when a purchase or sale of stock or securities
is deemed to occur, (vi) adversely alter the characterization of certain complex financial transactions and (vii) produce income that
will not be &#8220;qualified&#8221; income for purposes of the 90% annual gross income requirement described above. These U.S. federal
income tax provisions could therefore affect the amount, timing and character of distributions to common shareholders. The Fund intends
to monitor its transactions and may make certain tax elections and may be required to dispose of securities to mitigate the effect of
these provisions and prevent disqualification of the Fund as a RIC. Additionally, the Fund may be required to limit its activities in
derivative instruments in order to enable it to maintain its RIC status.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may invest a portion of its net assets in
below investment grade securities, commonly known as &#8220;junk&#8221; securities. Investments in these types of securities may present
special tax issues for the Fund. U.S. federal income tax rules are not entirely clear about issues such as when the Fund may cease to
accrue interest, original issue discount or market discount, when and to what extent deductions may be taken for bad debts or worthless
securities, how payments received on obligations in default should be allocated between principal and income and whether modifications
or exchanges of debt obligations in a bankruptcy or workout context are taxable. These and other issues could affect the Fund&#8217;s
ability to distribute sufficient income to preserve its status as a RIC or to avoid the imposition of U.S. federal income or excise tax.</p>


<!-- Field: Page; Sequence: 153; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain debt securities acquired by the Fund may be
treated as debt securities that were originally issued at a discount. Generally, the amount of the original issue discount is treated
as interest income and is included in taxable income (and required to be distributed by the Fund in order to qualify as a RIC and avoid
U.S. federal income tax or the 4% excise tax on undistributed income) over the term of the security, even though payment of that amount
is not received until a later time, usually when the debt security matures.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Fund purchases a debt security on a secondary
market at a price lower than its adjusted issue price, the excess of the adjusted issue price over the purchase price is &#8220;market
discount.&#8221; Unless the Fund makes an election to accrue market discount on a current basis, generally, any gain realized on the disposition
of, and any partial payment of principal on, a debt security having market discount is treated as ordinary income to the extent the gain,
or principal payment, does not exceed the &#8220;accrued market discount&#8221; on the debt security. Market discount generally accrues
in equal daily installments. If the Fund ultimately collects less on the debt instrument than its purchase price plus the market discount
previously included in income, the Fund may not be able to benefit from any offsetting loss deductions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund may invest in preferred securities or other
securities the U.S. federal income tax treatment of which may not be clear or may be subject to recharacterization by the Internal Revenue
Service. To the extent the tax treatment of such securities or the income from such securities differs from the tax treatment expected
by the Fund, it could affect the timing or character of income recognized by the Fund, potentially requiring the Fund to purchase or sell
securities, or otherwise change its portfolio, in order to comply with the tax rules applicable to RICs under the Code.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gain or loss on the sale of securities by the Fund
will generally be long-term capital gain or loss if the securities have been held by the Fund for more than one year. Gain or loss on
the sale of securities held for one year or less will be short-term capital gain or loss.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because the Fund may invest in foreign securities,
its income from such securities may be subject to non-U.S. taxes.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Foreign currency gain or loss on foreign currency
exchange contracts, non-U.S. dollar-denominated securities contracts, and non-U.S. dollar-denominated futures contracts, options and forward
contracts that are not section 1256 contracts (as defined below) generally will be treated as ordinary income and loss.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Income from options on individual securities written
by the Fund will generally not be recognized by the Fund for tax purposes until an option is exercised, lapses or is subject to a &#8220;closing
transaction&#8221; (as defined by applicable regulations) pursuant to which the Fund&#8217;s obligations with respect to the option are
otherwise terminated. If the option lapses without exercise, the premiums received by the Fund from the writing of such options will generally
be characterized as short-term capital gain. If the Fund enters into a closing transaction, the difference between the premiums received
and the amount paid by the Fund to close out its position will generally be treated as short-term capital gain or loss. If an option written
by the Fund is exercised, thereby requiring the Fund to sell the underlying security, the premium will increase the amount realized upon
the sale of the security, and the character of any gain on such sale of the underlying security as short-term or long-term capital gain
will depend on the holding period of the Fund in the underlying security. Because the Fund will not have control over the exercise of
the options it writes, such exercises or other required sales of the underlying securities may cause the Fund to realize gains or losses
at inopportune times.</p>


<!-- Field: Page; Sequence: 154; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Options on indices of securities and sectors of securities
that qualify as &#8220;section 1256 contracts&#8221; will generally be &#8220;marked-to-market&#8221; for U.S. federal income tax purposes.
As a result, the Fund will generally recognize gain or loss on the last day of each taxable year equal to the difference between the value
of the option on that date and the adjusted basis of the option. The adjusted basis of the option will consequently be increased by such
gain or decreased by such loss. Any gain or loss with respect to options on indices and sectors that qualify as &#8220;section 1256 contracts&#8221;
will be treated as short-term capital gain or loss to the extent of 40% of such gain or loss and long-term capital gain or loss to the
extent of 60% of such gain or loss. Because the mark-to-market rules may cause the Fund to recognize gain in advance of the receipt of
cash, the Fund may be required to dispose of investments in order to meet its distribution requirements. &#8220;Mark-to-market&#8221;
losses may be suspended or otherwise limited if such losses are part of a straddle or similar transaction.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Taxation of Common Shareholders</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fund distributions of its tax-exempt interest on municipal
securities, if properly reported by the Fund to its shareholders (&#8220;exempt-interest dividends&#8221;), will generally be exempt from
regular federal income tax. In order for the Fund to pay exempt-interest dividends, at least 50% of the value of the Fund&#8217;s total
assets must consist of tax-exempt obligations on a quarterly basis. Although the Fund intends to meet this requirement, no assurance can
be given in this regard. If the Fund failed to do so, it would not be able to pay tax-exempt dividends, and your distributions attributable
to interest received by the Fund from any source (including distributions of tax-exempt interest income) would be taxable as ordinary
income to the extent of the Fund&#8217;s earnings and profits.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund will either distribute or retain for reinvestment
all or part of its net capital gain. If any such gain is retained, the Fund will be subject to a corporate income tax on such retained
amount. In that event, the Fund expects to report the retained amount as undistributed capital gain in a notice to its common shareholders,
each of whom, if subject to U.S. federal income tax on long-term capital gains, (i) will be required to include in income for U.S. federal
income tax purposes as long-term capital gain its share of such undistributed amounts, (ii) will be entitled to credit its proportionate
share of the tax paid by the Fund against its U.S. federal income tax liability and to claim refunds to the extent that the credit exceeds
such liability and (iii) will increase its basis in its common shares by the amount of undistributed capital gains included in the shareholder&#8217;s
income less the tax deemed paid by the shareholder under clause (ii).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Distributions paid to you by the Fund from its net
capital gain, if any, that the Fund properly reports as capital gain dividends (&#8220;capital gain dividends&#8221;) are taxable as long-term
capital gains, regardless of how long you have held your common shares. All other dividends paid to you by the Fund (including dividends
from net short-term capital gains) from its current or accumulated earnings and profits, other than exempt-interest dividends (&#8220;ordinary
income dividends&#8221;), are generally subject to tax as ordinary income. Provided that certain holding period and other requirements
are met, ordinary income dividends (if properly reported by the Fund) may qualify (i) for the dividends received deduction in the case
of corporate shareholders to the extent that the Fund&#8217;s income consists of dividend income from U.S. corporations, and (ii) in the
case of individual shareholders, as &#8220;qualified dividend income&#8221; eligible to be taxed at long-term capital gains rates to the
extent that the Fund receives qualified dividend income. Qualified dividend income is, in general, dividend income from taxable domestic
corporations and certain qualified foreign corporations (e.g., generally, foreign corporations incorporated in a possession of the United
States or in certain countries with a qualifying comprehensive tax treaty with the United States, or whose stock with respect to which
such dividend is paid is readily tradable on an established securities market in the United States). There can be no assurance as to what
portion, if any, of the Fund&#8217;s distributions will constitute qualified dividend income or be eligible for the dividends received
deduction.</p>


<!-- Field: Page; Sequence: 155; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Any distributions you receive that are in excess of
the Fund&#8217;s current and accumulated earnings and profits will be treated as a return of capital to the extent of your adjusted tax
basis in your common shares, and thereafter as capital gain from the sale of common shares. The amount of any Fund distribution that is
treated as a return of capital will reduce your adjusted tax basis in your common shares, thereby increasing your potential gain or reducing
your potential loss on any subsequent sale or other disposition of your common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Common shareholders may be entitled to offset their
capital gain dividends with capital losses. The Code contains a number of statutory provisions affecting when capital losses may be offset
against capital gain, and limiting the use of losses from certain investments and activities. Accordingly, common shareholders that have
capital losses are urged to consult their tax advisers.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dividends and other taxable distributions are taxable
to you even though they are reinvested in additional common shares of the Fund. Dividends and other distributions paid by the Fund are
generally treated under the Code as received by you at the time the dividend or distribution is made. If, however, the Fund pays you a
dividend in the first month of the taxable year that was declared sometime in the last three months of the previous taxable year to common
shareholders of record on a specified date in one of such months, then such dividend will be treated for U.S. federal income tax purposes
as being paid by the Fund and received by you on the last day of the taxable year in which the dividend was declared. In addition, certain
other distributions made after the close of the Fund&#8217;s taxable year may be &#8220;spilled back&#8221; and treated as paid by the
Fund (except for purposes of the 4% nondeductible excise tax) during such taxable year. In such case, you will be treated as having received
such dividends in the taxable year in which the distributions were actually made.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Interest on certain &#8220;private activity bonds&#8221;
is an item of tax preference subject to the alternative minimum tax on individuals. The Fund may invest a portion of its assets in municipal
bonds subject to this provision so that a portion of its exempt-interest dividends is an item of tax preference to the extent such dividends
represent interest received from these private activity bonds. Accordingly, investment in the Fund could cause a holder of common shares
to be subject to, or result in an increased liability under, the alternative minimum tax.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Exempt-interest dividends are included in determining
what portion, if any, of a person&#8217;s Social Security and railroad retirement benefits will be includable in gross income subject
to federal income tax.</p>


<!-- Field: Page; Sequence: 156; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The price of common shares purchased at any time may
reflect the amount of a forthcoming distribution. Those purchasing common shares just prior to the record date for a distribution will
receive a distribution which will be taxable to them even though it represents, economically, a return of invested capital.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund will send you information after the end of
each year setting forth the amount and tax status of any distributions paid to you by the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The sale or other disposition of common shares will
generally result in capital gain or loss to you and will be long-term capital gain or loss if you have held such common shares for more
than one year at the time of sale. Any loss upon the sale or other disposition of common shares held for six months or less will be treated
as long-term capital loss to the extent of any capital gain dividends received (including amounts credited as an undistributed capital
gain dividend) by you with respect to such common shares. Any loss you recognize on a sale or other disposition of common shares will
be disallowed if you acquire other common shares (whether through the automatic reinvestment of dividends or otherwise) within a 61-day
period beginning 30 days before and ending 30 days after your sale or exchange of the common shares. In such case, your tax basis in the
common shares acquired will be adjusted to reflect the disallowed loss.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Fund conducts a tender offer for its shares,
a repurchase by the Fund of a shareholder&#8217;s shares pursuant to such tender offer generally will be treated as a sale or exchange
of the shares by a shareholder provided that either (i) the shareholder tenders, and the Fund repurchases, all of such shareholder&#8217;s
shares, thereby reducing the shareholder&#8217;s percentage ownership of the Fund, whether directly or by attribution under Section 318
of the Code, to 0%, (ii) the shareholder meets numerical safe harbors under the Code with respect to percentage voting interest and reduction
in ownership of the Fund following completion of the tender offer, or (iii) the tender offer otherwise results in a &#8220;meaningful
reduction&#8221; of the shareholder&#8217;s ownership percentage interest in the Fund, which determination depends on a particular shareholder&#8217;s
facts and circumstances.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If a tendering shareholder&#8217;s proportionate ownership
of the Fund (determined after applying the ownership attribution rules under Section 318 of the Code) is not reduced to the extent required
under the tests described above, such shareholder will be deemed to receive a distribution from the Fund under Section 301 of the Code
with respect to the shares held (or deemed held under Section 318 of the Code) by the shareholder after the tender offer (a &#8220;Section
301 distribution&#8221;). The amount of this distribution will equal the price paid by the Fund to such shareholder for the shares sold,
and will be taxable as a dividend, i.e., as ordinary income, to the extent of the Fund&#8217;s current or accumulated earnings and profits
allocable to such distribution, with the excess treated as a return of capital reducing the shareholder&#8217;s tax basis in the shares
held after the tender offer, and thereafter as capital gain. Any Fund shares held by a shareholder after a tender offer will be subject
to basis adjustments in accordance with the provisions of the Code.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Provided that no tendering shareholder is treated
as receiving a Section 301 distribution as a result of selling shares pursuant to a particular tender offer, shareholders who do not sell
shares pursuant to that tender offer will not realize constructive distributions on their shares as a result of other shareholders selling
shares in the tender offer. In the event that any tendering shareholder is deemed to receive a Section 301 distribution, it is possible
that shareholders whose proportionate ownership of the Fund increases as a result of that tender offer, including shareholders who do
not tender any shares, will be deemed to receive a constructive distribution under Section 305(c) of the Code in an amount equal to the
increase in their percentage ownership of the Fund as a result of the tender offer. Such constructive distribution will be treated as
a dividend to the extent of current or accumulated earnings and profits allocable to it.</p>


<!-- Field: Page; Sequence: 157; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Use of the Fund&#8217;s cash to repurchase shares
may adversely affect the Fund&#8217;s ability to satisfy the distribution requirements for treatment as a regulated investment company
described above. The Fund may also recognize income in connection with the sale of portfolio securities to fund share purchases, in which
case the Fund would take any such income into account in determining whether such distribution requirements have been satisfied.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Fund liquidates, shareholders generally will
realize capital gain or loss upon such liquidation in an amount equal to the difference between the amount of cash or other property received
by the shareholder (including any property deemed received by reason of its being placed in a liquidating trust) and the shareholder&#8217;s
adjusted tax basis in its shares. Any such gain or loss will be long-term if the shareholder is treated as having a holding period in
Fund shares of greater than one year, and otherwise will be short-term.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The foregoing discussion does not address the tax
treatment of shareholders who do not hold their shares as a capital asset. Such shareholders should consult their own tax advisors on
the specific tax consequences to them of participating or not participating in the tender offer or upon liquidation of the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Current U.S. federal income tax law taxes both long-term
and short-term capital gain of corporations at the rates applicable to ordinary income. For non-corporate taxpayers, short-term capital
gain is currently taxed at rates applicable to ordinary income while long-term capital gain generally is taxed at a reduced maximum rate.
The deductibility of capital losses is subject to limitations under the Code.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain U.S. holders who are individuals, estates
or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare tax on all or a portion of their &#8220;net
investment income,&#8221; which includes dividends received from the Fund and capital gains from the sale or other disposition of the
Fund&#8217;s common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A common shareholder that is a nonresident alien individual
or a foreign corporation (a &#8220;foreign investor&#8221;) generally will be subject to U.S. federal withholding tax at the rate of 30%
(or possibly a lower rate provided by an applicable tax treaty) on ordinary income dividends (except as discussed below). In general,
U.S. federal withholding tax and U.S. federal income tax will not apply to any gain or income realized by a foreign investor in respect
of any distribution of exempt-interest dividends or net capital gain (including amounts credited as an undistributed capital gain dividend)
or upon the sale or other disposition of common shares of the Fund. Different tax consequences may result if the foreign investor is engaged
in a trade or business in the United States or, in the case of an individual, is present in the United States for 183 days or more during
a taxable year and certain other conditions are met. Foreign investors should consult their tax advisers regarding the tax consequences
of investing in the Fund&#8217;s common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ordinary income dividends properly reported by the
RIC are generally exempt from U.S. federal withholding tax where they (i) are paid in respect of the RIC&#8217;s &#8220;qualified net
interest income&#8221; (generally, its U.S.-source interest income, other than certain contingent interest and interest from obligations
of a corporation or partnership in which the RIC is at least a 10% shareholder, reduced by expenses that are allocable to such income)
or (ii) are paid in respect of the RIC&#8217;s &#8220;qualified short-term capital gains&#8221; (generally, the excess of the RIC&#8217;s
net short-term capital gain over its long-term capital loss for such taxable year). Depending on its circumstances, the Fund may report
all, some or none of its potentially eligible dividends as such qualified net interest income or as qualified short-term capital gains,
and/or treat such dividends, in whole or in part, as ineligible for this exemption from withholding. In order to qualify for this exemption
from withholding, a foreign investor needs to comply with applicable certification requirements relating to its non-U.S. status (including,
in general, furnishing an IRS Form W-8BEN, W-8BEN-E, or substitute Form). In the case of common shares held through an intermediary, the
intermediary may have withheld tax even if the Fund reported the payment as qualified net interest income or qualified short-term capital
gain. Foreign investors should contact their intermediaries with respect to the application of these rules to their accounts. There can
be no assurance as to what portion of the Fund&#8217;s distributions would qualify for favorable treatment as qualified net interest income
or qualified short-term capital gains if the provision is extended.</p>


<!-- Field: Page; Sequence: 158; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, under the Foreign Account Tax Compliance
Act, or FATCA, withholding at a rate of 30% will apply to dividends paid in respect of common shares of the Fund held by or through certain
foreign financial institutions (including investment funds), unless such institution enters into an agreement with the Treasury to report,
on an annual basis, information with respect to shares in, and accounts maintained by, the institution to the extent such shares or accounts
are held by certain U.S. persons and by certain non-U.S. entities that are wholly or partially owned by U.S. persons and to withhold on
certain payments. Accordingly, the entity through which common shares of the Fund are held will affect the determination of whether such
withholding is required. Similarly, dividends paid in respect of common shares of the Fund held by an investor that is a non-financial
foreign entity that does not qualify under certain exemptions will be subject to withholding at a rate of 30%, unless such entity either
(i) certifies that such entity does not have any &#8220;substantial United States owners&#8221; or (ii) provides certain information regarding
the entity&#8217;s &#8220;substantial United States owners,&#8221; which the applicable withholding agent will in turn provide to the
Secretary of the Treasury. An intergovernmental agreement between the United States and an applicable foreign country, or future Treasury
regulations or other guidance, may modify these requirements. The Fund will not pay any additional amounts to common shareholders in respect
of any amounts withheld. Foreign investors are encouraged to consult with their tax advisers regarding the possible implications of these
rules on their investment in the Fund&#8217;s common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">U.S. federal backup withholding tax may be required
on dividends, distributions and sale proceeds payable to certain non-exempt common shareholders who fail to supply their correct taxpayer
identification number (in the case of individuals, generally, their social security number) or to make required certifications, or who
are otherwise subject to backup withholding. Backup withholding is not an additional tax and any amount withheld may be refunded or credited
against your U.S. federal income tax liability, if any, provided that you timely furnish the required information to the Internal Revenue
Service.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ordinary income dividends, capital gain dividends,
and gain from the sale or other disposition of common shares of the Fund also may be subject to state, local, and/or foreign taxes. Common
shareholders are urged to consult their own tax advisers regarding specific questions about U.S. federal, state, local or foreign tax
consequences to them of investing in the Fund.</p>


<!-- Field: Page; Sequence: 159; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->67<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under U.S. Treasury regulations, if a common shareholder
recognizes a loss with respect to common shares of $2 million or more for an individual shareholder in a single taxable year (or $4 million
or more in any combination of taxable years in which the transaction is entered into and the five succeeding taxable years) or $10 million
or more for a corporate shareholder in any single taxable year (or $20 million or more in any combination of taxable years in which the
transaction is entered into and the five succeeding taxable years), the shareholder must file with the Internal Revenue Service a disclosure
statement on Internal Revenue Service Form 8886. The fact that a loss is reportable under these regulations does not affect the legal
determination of whether the taxpayer&#8217;s treatment of the loss is proper. Common shareholders should consult their tax advisors to
determine the applicability of these regulations in light of their individual circumstances.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">***</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The foregoing is a general and abbreviated summary
of certain provisions of the Code and the Treasury Regulations presently in effect as they directly govern the taxation of the Fund and
its shareholders. For complete provisions, reference should be made to the pertinent Code sections and Treasury Regulations. The Code
and the Treasury Regulations are subject to change by legislative or administrative action, and any such change may be retroactive with
respect to Fund transactions. Holders of common shares are advised to consult their own tax advisers for more detailed information concerning
the U.S. federal income taxation of the Fund and the income tax consequences to its holders of common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>CUSTODIAN
AND TRANSFER AGENT</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The custodian of the assets of the Fund is Bank of
New York Mellon, whose principal business address is 240 Greenwich Street, New York, NY 10286. The custodian is responsible for, among
other things, receipt of and disbursement of funds from the Fund&#8217;s accounts, establishment of segregated accounts as necessary,
and transfer, exchange and delivery of Fund portfolio securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ALPS Fund Services, Inc., whose principal business
address is 1290 Broadway Suite 1000, Denver, CO 80203, serves as the Fund&#8217;s transfer agent with respect to the common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">[&#9679;], whose principal business address is [&#9679;],
is the independent registered public accounting firm of the Trust and is expected to render an opinion annually on the financial statements
of the Trust.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>CONTROL
PERSONS AND PRINCIPAL HOLDERS OF SECURITIES</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A control person is a person who beneficially owns,
either directly or indirectly, more than 25% of the voting securities of a company. As of March 31, 2025, the Fund did not know of any
person or entity who &#8220;controlled&#8221; the Fund. As of March 31, 2025, the following shareholders beneficially owned 5% or more
of the outstanding common shares of any class of the Fund:</p>


<!-- Field: Page; Sequence: 160; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 60%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Name and Address of <br/>
Shareholder<sup>(1)</sup></b></span></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Number of <br/>
Shares</b></span></td>
    <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Percentage</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>of Fund</b></p></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">RiverNorth Capital Management, LLC</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">325 N. LaSalle Street, Suite 645<br/>
    Chicago, Illinois 60654-7030</p></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">3,084,196</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">7.25%</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Relative Value Partners Group, LLC</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">1033 Skokie Blvd. Suite 470</p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">Northbrook, IL 60062</p></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">2,314,254</span></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">5.44%</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0"/><td style="width: 20pt; text-align: left">(1)</td><td style="text-align: justify">This entity is the shareholder of record and may be deemed to be
the beneficial owner of the shares listed for certain purposes under the securities laws, although in certain instances may not have
an economic interest in these shares and would, therefore, ordinarily disclaim any beneficial ownership therein.</td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>INCORPORATION
BY REFERENCE</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This SAI is part of a registration statement that
we have filed with the SEC. We are allowed to &#8220;incorporate by reference&#8221; the information that we file with the SEC, which
means that we can disclose important information to you by referring you to those documents. We incorporate by reference into this SAI
the documents listed below and any future filings we make with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, including
any filings on or after the date of this SAI from the date of filing (excluding any information furnished, rather than filed), until we
have sold all of the offered securities to which this SAI, the Prospectus and any accompanying prospectus supplement relates or the offering
is otherwise terminated. The information incorporated by reference is an important part of this SAI. Any statement in a document incorporated
by reference into this SAI will be deemed to be automatically modified or superseded to the extent a statement contained in (1) this SAI
or (2) any other subsequently filed document that is incorporated by reference into this SAI modifies or supersedes such statement. The
documents incorporated by reference herein include:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">the Fund&#8217;s Prospectus,
dated [&#9679;], 2025, filed with this SAI&#894; and</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">the Fund&#8217;s annual report on Form N-CSR
for the fiscal year ended October 31, 2024, filed with the SEC on January 6, 2025.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund will provide without charge to each person,
including any beneficial owner, to whom this SAI is delivered, upon written or oral request, a copy of any and all of the documents that
have been or may be incorporated by reference in this SAI, the Prospectus or the accompanying prospectus supplement. You should direct
requests for documents by contacting the Adviser at:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Saba Capital Management, LP</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">405 Lexington Avenue, 58<sup>th</sup> Floor</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">New York, NY 10174</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(212)-542-4644</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund makes available the Prospectus, SAI and the
Fund&#8217;s annual and semi-annual reports, free of charge, at www.sabacef.com. You may also obtain this SAI, the Prospectus, other documents
incorporated by reference and other information the Fund files electronically, including reports and proxy statements, on the SEC website
(http://www.sec.gov) or with the payment of a duplication fee, by electronic request at publicinfo@sec.gov. Information contained in,
or that can be accessed through, the Fund&#8217;s website is not part of this SAI, the Prospectus or the accompanying prospectus supplement.</p>


<!-- Field: Page; Sequence: 161; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->69<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>FINANCIAL
STATEMENTS</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The audited financial statements and financial highlights
included in the annual report to the Fund&#8217;s shareholders for the fiscal year ended October 31, 2024 (the &#8220;2024 Annual Report&#8221;),
together with the report of [&#9679;] on the financial statements and financial highlights included in the Fund&#8217;s 2024 Annual Report,
are incorporated herein by reference.</p>


<!-- Field: Page; Sequence: 162; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->70<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span style="text-decoration: underline">APPENDIX A</span></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Saba Capital Management, L.P.</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Proxy Voting and Class Action Policies and Procedures</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Firm makes investments on behalf of the Clients
it advises in securities of public and private issuers. The Firm has authority to vote proxies relating to such securities on behalf of
the Clients. Rule 206(4)-6 of the Advisers Act places a variety of requirements on advisers who have such authority. The Firm has adopted
these policies and procedures to ensure proxies are voted in compliance with the Advisers Act and in the best interest of the Clients
(the &#8220;Policy&#8221;).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in"><b>A.</b></td><td><b>General Policy </b></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Firm&#8217;s general policy is to vote proxy proposals,
amendments, consents or resolutions relating to Client securities, including interests in Private Funds, if any (collectively &#8220;proxies&#8221;),
in a manner that it believes serves the best interests of the Clients. The Firm has engaged BroadRidge Financial Solutions, Inc. to compile
and vote all proxy ballots on behalf of the Firm, using specific guidelines and recommendations provided by Glass, Lewis &amp;Co., LLC
(&#8220;Glass Lewis&#8221;).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notwithstanding the foregoing, with respect to the
proxy proposals relating to closed-end funds, the Firm will (1) generally vote in favor of liquidation, open-ending, tender offers, against
entrenched boards of directors, and in favor of other similar votes that the Firm, in its good faith discretion, believes can potentially
positively impact (i.e., narrow) a closed-end funds&#8217; discount (collectively, &#8220;Discount Recommendations&#8221;) and (2)for
all other closed-end fund-related matters, in accordance with Glass Lewis or, in the Firm&#8217;s good faith discretion, vote in accordance
with the recommendation adopted by a majority of the Independent Directors of any Client invested in the closed-end fund (the &#8220;Independent
Board&#8221;). In certain situations, an abstention is the only method to vote against a proposal.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the event the Firm believes that it may have a
conflict of interest relative to a specific proxy vote for a Client portfolio holding (including a CEF holding), the Firm shall vote such
proxies, on behalf of its Clients in accordance with any of the following, in the Firm&#8217;s good faith discretion: (i) the recommendation
of Glass Lewis; (ii) the recommendation adopted by an Independent Board (even if such Board made its determination only on behalf of the
Client which it serves and not on behalf of the other Clients invested in the holding with the proxy at issue); or (iii) in the case of
the Registered Funds, the Mirror Vote (as defined below)(the foregoing is hereby referred to as the &#8220;Conflicts Voting Procedure&#8221;).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in"><b>B.</b></td><td><b>Overrides </b></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Firm may, from time to time, determine that it
is in the best interests of its Clients to depart from (i) specific Glass Lewis recommendations and(ii) Discount Recommendations, such
as where a portfolio manager has a view on a particular issuer or corporate action that deviates from such recommendations. Investment
professionals deviating from these recommendations must provide Compliance with a written explanation of the reason for the deviation,
except with respect to proxy proposals relating to CEFs that are in favor of liquidation, open-ending or tender offers, or against entrenched
directors.</p>


<!-- Field: Page; Sequence: 163; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->71<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in"><b>C.</b></td><td><b>Registered Fund Proxy Policy </b></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Firm has undertaken the responsibility to vote
proxies for securities held by the Registered Funds. Proxies for the portfolio securities are voted in accordance with the Registered
Funds&#8217; proxy voting guidelines, which are set forth in the applicable governing documents. When one of the Registered Funds exercises
voting rights, by proxy or otherwise, with respect to investment companies owned by the Registered Funds (and in the case of ETF, pursuant
to Section 12(d)(1)(F) of the Investment Company Act), the Firm will generally (i) seek instruction from the applicable Registered Fund&#8217;s
shareholders with regard to the voting of all proxies and vote in accordance with such instructions, (ii) vote the shares held by the
Registered Funds in the same proportion as the vote of all other holders of the securities of the investment company (&#8220;Mirror Vote&#8221;),
or (iii) elect to not submit a proxy vote. However, under certain circumstances (including when the Firm believes voting the shares in
a particular manner is in the best interests of the Registered Funds) and only to the extent permitted by law, the Firm may vote the shares
of an investment company in the same manner as would be voted for other Clients holding such shares in accordance with Section A above.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in"><b>D.</b></td><td><b>Record of Proxy Voting </b></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Firm will maintain, or have available, (i) written
or electronic copies of each proxy statement received and of each executed proxy, (ii) a record of all Firm proxy votes, (iii) a record
of any Firm determination to follow the Conflicts Voting Procedure and the rationale therefor: and (iv) a record of any override to Glass
Lewis recommendations and documented rationale and analysis that were material to making the voting decision.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Firm will also maintain a record of each written
request from an investor for proxy voting information and the Firm's written response to any request (oral or written) from an investor
for proxy voting information.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As Glass Lewis is the Firm&#8217;s proxy voting vendor,
Compliance performs a review, at least annually, of potential conflicts of interest related to Glass Lewis consistent with SEC guidance<sup>(<span style="font-size: 11pt">1</span>)(<span style="font-size: 11pt">2</span>)</sup>:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">An explanation of the methodology underlying
the voting advice, including material deviations from the proxy advisory firm&#8217;s publicly announced guidelines or standard methodologies,
if omitting such an explanation would make the voting advice materially false or misleading; </span></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">To the extent the proxy voting advice is based
on third-party sources or is otherwise not solely based on the issuer&#8217;s public disclosures, disclosure about these sources and the
extent to which the information differs from the issuer&#8217;s public disclosures, if the differences are material and failure to disclose
would make the voting advice false or misleading; and </span></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0"/><td style="width: 20pt; text-align: left"><sup>1</sup></td><td style="text-align: justify"><span style="font-size: 11pt">Commission Interpretation and Guidance
Regarding the Applicability of the Proxy Rules to Proxy Voting Advice, Exchange Act Release No. 34-86721 (Aug. 21, 2019), available at
https://www.sec.gov/rules/interp/2019/34-86721.pdf.</span></td>
</tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0"/><td style="width: 20pt; text-align: left"><sup>2</sup></td><td style="text-align: justify"><span style="font-size: 11pt">Commission Guidance Regarding Proxy
Voting Responsibilities of Investment Advisers, Investment Advisers Act Release No. IA-5325 and Investment Company Act Release No. IC-33605
(Aug. 21, 2019), available at https://www.sec.gov/rules/interp/2019/ia-5325.pdf</span></td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>


<!-- Field: Page; Sequence: 164; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->72<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in">&#9679;</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Disclosures about material conflicts of interest
associated with providing the proxy voting advice sufficient to enable an assessment of the conflicts. </span></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"/><td style="width: 0.25in"><b>E.</b></td><td><b>Class Actions </b></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Firm does not commit to participate in all class
actions that may arise with regard to Client portfolio securities. Upon receipt of class action information, Compliance should evaluate
the costs versus the benefits of participation in the suit for each pertinent Client. Unless Compliance determines that it would be in
the best interests of its Clients, the Firm will not participate in the class action on behalf of the Client.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Employees must notify Compliance if they are aware
of any material conflict of interest associated with Clients&#8217; participation in class actions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Firm generally does not serve as the lead plaintiff
in class actions because the costs of such participation typically exceed any extra benefits that accrue to lead plaintiffs.</p>


<!-- Field: Page; Sequence: 165; Value: 1 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->73<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>PART C </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Other Information </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="font-size: 11pt; width: 60pt"><span style="font-size: 11pt"><b>Item&#8201;25.</b></span></td>
    <td style="font-size: 11pt"><span style="font-size: 11pt"><b>Financial Statements And Exhibits </b></span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The agreements included or incorporated by reference
as exhibits to this Registration Statement contain representations and warranties by each of the parties to the applicable agreement.
These representations and warranties were made solely for the benefit of the other parties to the applicable agreement and (i) were not
intended to be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements
prove to be inaccurate; (ii) may have been qualified in such agreement by disclosures that were made to the other party in connection
with the negotiation of the applicable agreement; (iii) may apply contract standards of &#8220;materiality&#8221; that are different from
&#8220;materiality&#8221; under the applicable securities laws; and (iv) were made only as of the date of the applicable agreement or
such other date or dates as may be specified in the agreement.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Registrant acknowledges that, notwithstanding
the inclusion of the foregoing cautionary statements, it is responsible for considering whether additional specific disclosures of material
information regarding material contractual provisions are required to make the statements in this Registration Statement not misleading.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left">(1)</td><td style="text-align: justify">Financial Statements</td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-left: 40pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Included in Part A:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial Highlights for the year(s) ended October
31, 2024 and the semi-annual period ended April 30, 2025.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-left: 40pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Included in Part B:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Audited financial statements and financial highlights
for the fiscal year ended October 31, 2024 and related Report of Independent Registered Public Accounting Firm are incorporated herein
by reference to the October 31, 2024 Annual Report.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left">(2)</td><td style="text-align: justify">Exhibits</td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left">(a)(1)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">Agreement
and Declaration of Trust dated December 2, 1987 &#8211; Incorporated herein by reference to Amendment No. 20 to Registrant's Registration
Statement under the Investment Company Act of 1940 (the "1940 Act") on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">(File
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">filed
on September 16, 1996.</a></td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 40pt"/><td style="width: 40pt; text-align: left">(i)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">Amendment
effective April 12, 1996 to the Agreement and Declaration of Trust dated December 2, 1987 &#8211; Incorporated herein by reference to
Amendment No. 20 to Registrant's Registration Statement under the Investment Company Act of 1940 (the "1940 Act") on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">(File
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000943663-96-000235.txt">filed
on September 16, 1996.</a></td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<td style="width: 40pt"/><td style="width: 40pt">(ii)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/0000950147-98-001002.txt">Amendment, effective
November 16, 1998, to the Agreement and Declaration of Trust dated December 2, 1987 &#8211; Incorporated herein by reference to Amendment
No. 29 to Registrant's Registration Statement under the 1940 Act on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000950147-98-001002.txt">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000950147-98-001002.txt">(File
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000950147-98-001002.txt">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/0000950147-98-001002.txt">filed
on December 2, 1998.</a></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<td style="width: 40pt"/><td style="width: 40pt">(iii)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014700001615/0000950147-00-001615-0002.txt">Amendment,
dated October 20, 2000, to the Agreement and Declaration of Trust dated December 2, 1987 &#8211; Incorporated herein by reference to Amendment
No. 38 to Registrant's Registration Statement under the 1940 Act on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014700001615/0000950147-00-001615-0002.txt">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014700001615/0000950147-00-001615-0002.txt">(File
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014700001615/0000950147-00-001615-0002.txt">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014700001615/0000950147-00-001615-0002.txt">filed
on October 23, 2000.</a></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<td style="width: 40pt"/><td style="width: 40pt">(iv)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014702000591/ex2av.txt">Amendment, effective
March 1, 2002, to the Agreement and Declaration of Trust dated December 2, 1987 &#8211; Incorporated herein by reference to Amendment
No. 45 to Registrant's Registration Statement under the 1940 Act on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014702000591/ex2av.txt">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014702000591/ex2av.txt">(File
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014702000591/ex2av.txt">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000095014702000591/ex2av.txt">filed
on April 30, 2002.</a></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in"></p>

<!-- Field: Page; Sequence: 166 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<td style="width: 40pt"/><td style="width: 40pt"><span style="font-size: 11pt">(v)</span></td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2a1v.htm"><span style="font-size: 11pt">Amendment
to the Agreement and Declaration of Trust dated June 11, 2010 &#8211; Incorporated herein by reference to Amendment No. 85 to the</span></a>
<a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2a1v.htm"><span style="font-size: 11pt">Registrant's
Registration Statement under the 1940 Act on Form </span></a><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2a1v.htm"><span style="font-size: 11pt">N-2</span></a><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2a1v.htm"><span style="font-size: 11pt">(File
No. </span></a><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2a1v.htm"><span style="font-size: 11pt">811-5410),</span></a><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2a1v.htm"><span style="font-size: 11pt">filed
on April 27, 2011.</span></a></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<td style="width: 40pt"/><td style="width: 40pt">(vi)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465914048043/a14-15434_3ex99d2avi.htm">Amendment
to the Agreement and Declaration of Trust dated January 23, 2014 &#8211; Incorporated herein by reference to Amendment No. 100 to the
Registrant's Registration Statement under the 1940 Act on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465914048043/a14-15434_3ex99d2avi.htm">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465914048043/a14-15434_3ex99d2avi.htm">(File
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465914048043/a14-15434_3ex99d2avi.htm">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465914048043/a14-15434_3ex99d2avi.htm">filed
on June 24, 2014.</a></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(b)(1)</span></td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/000168386320011390/f6225d2.htm"><span style="font-size: 11pt">Amended
and Restated </span></a><a href="http://www.sec.gov/Archives/edgar/data/826020/000168386320011390/f6225d2.htm"><span style="font-size: 11pt">By-Laws</span></a>
<a href="http://www.sec.gov/Archives/edgar/data/826020/000168386320011390/f6225d2.htm"><span style="font-size: 11pt">&#8211; incorporated
herein by reference to exhibit (b) of the Registrant&#8217;s Registration Statement on Form N-2 (File No. 811-05410) filed on June 26,
2020.</span></a></td>
</tr></table>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left">(b)(2)</td><td style="text-align: justify"><a href="fp0094187-1_ex9928b2.htm" style="-sec-extract: exhibit">Amended and Restated By-Laws, dated August 5, 2020 &#8211; filed herein.</a></td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(c)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Not Applicable.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(d)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Not Applicable.</span></td>
</tr></table>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 11pt">&#160;</span>&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(e)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Shareholder Reinvestment Program
&#8211; to be filed by amendment.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(f)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Not Applicable.</span></td>
</tr></table>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(g)(1)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Investment Management Agreement
between Saba Capital Income &amp; Opportunities Fund and Saba Capital Management, L.P., dated May 21, 2021 &#8211; to be filed by amendment.</span></td>
</tr></table>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(h)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Not Applicable. </span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(i)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Not Applicable. </span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left">(j)(1)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji.txt">Custodian
and Investment Accounting Agreement between Registrant and State Street Bank and Trust Company effective November 1, 2001 &#8211; Incorporated
herein by reference to Amendment No. 57 to Registrant's Registration Statement under the 1940 Act on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji.txt">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji.txt">(File
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji.txt">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji.txt">filed
on June 28, 2004.</a></td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 40pt"/><td style="width: 40pt; text-align: left">(i)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji1.txt">First
Amendment, dated March 1, 2002, to the Custodian and Investment Accounting Agreement between Registrant and State Street Bank and Trust
Company effective November 1, 2001 &#8211; Incorporated herein by reference to Amendment No. 57 to Registrant's Registration Statement
under the 1940 Act on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji1.txt">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji1.txt">(File
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji1.txt">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000104746904021914/a2137992zex-99_ji1.txt">filed
on June 28, 2004.</a></td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<td style="width: 40pt"/><td style="width: 40pt">(ii)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465908042788/a08-11032_2ex99dbj1ii.htm">Second
Amendment dated October 1, 2007 to the Custodian and Investment Accounting Agreement between Registrant and State Street Bank and Trust
Company effective November 1, 2001 &#8211; Incorporated herein by reference to Amendment No. 73 to Registrant's Registration Statement
under the 1940 Act on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465908042788/a08-11032_2ex99dbj1ii.htm">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465908042788/a08-11032_2ex99dbj1ii.htm">(file
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465908042788/a08-11032_2ex99dbj1ii.htm">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000110465908042788/a08-11032_2ex99dbj1ii.htm">filed
on June 27, 2008.</a></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<td style="width: 40pt"/><td style="width: 40pt">(iii)</td><td style="text-align: justify"><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2j1v.htm">Third Amendment,
dated August 2, 2010, to the Custodian and Investment Accounting Agreement between Registrant and State Street Bank and Trust Company
effective November 1, 2001&#8211; Incorporated herein by reference to Amendment No. 85 to the Registrant's Registration Statement under
the 1940 Act on Form </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2j1v.htm">N-2</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2j1v.htm">(file
No. </a><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2j1v.htm">811-5410),</a><a href="http://www.sec.gov/Archives/edgar/data/826020/000114544311000426/d28143_ex-2j1v.htm">filed
on April 27, 2011.</a></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left">(j)(2)</td><td style="text-align: justify">Custody Agreement between Registrant and the Bank of New York
Mellon, dated June 4, 2021 &#8211; to be filed by amendment.</td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.3pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<td style="width: 40pt"/><td style="width: 40pt">(iv)</td><td style="text-align: justify">Amendment, dated February 8, 2022, to the Custody Agreement, dated June 4, 2021&#8211; to be filed by
amendment.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in"></p>

<!-- Field: Page; Sequence: 167 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.5in"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left">(k)(1)</td><td style="text-align: justify">Services Agreement between Registrant and ALPS Fund Services,
Inc. and DST Asset Manager Solutions, Inc., dated June 4, 2021 &#8211; to be filed by amendment.</td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(k)(2)</span></td><td style="text-align: justify">Credit Agreement between Registrant and Toronto-Dominion Bank,
New York Branch dated June 20, 2021 &#8211; to be filed by amendment.</td>
</tr></table>

<p style="margin: 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 40pt"/><td style="width: 40pt; text-align: left">(i)</td><td style="text-align: justify">Amendment No. 9, dated January 17, 2024, to the Credit Agreement
dated June 20, 2021 &#8211; to be filed by amendment.</td>
</tr></table>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(l)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Opinion and Consent of Counsel &#8211;
to be filed by amendment.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(m)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Not Applicable.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(n)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Not Applicable .</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(o)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Not Applicable.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(p)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Certificate of Initial Capital &#8211;
Incorporated herein by reference to Pre-Effective Amendment No. 1 to Registrant's initial registration statement on form N-2 (File No.
33- 18886), filed on January 22, 1988.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(q)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Not Applicable.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left"><span style="font-size: 11pt">(r)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Code
of Ethics of Registrant and Saba Capital Management, L.P. &#8211; to be filed by amendment.</span></td>
</tr></table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 40pt; text-align: left">(s)</td><td style="text-align: justify"><a href="fp0094187-1_ex9928s.htm" style="-sec-extract: exhibit">Calculation of Filing Fee Table &#8211; filed herein.</a></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="font-size: 11pt; text-align: justify; width: 60pt"><span style="font-size: 11pt"><b>Item&#8201;26.</b></span></td>
    <td style="font-size: 11pt; text-align: justify"><span style="font-size: 11pt"><b>Marketing Arrangements </b></span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information contained under the section entitled
&#8220;Plan of Distribution&#8221; in the Prospectus is incorporated by reference, and any information concerning any underwriters will
be contained in the accompanying Prospectus Supplement, if any.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<!-- Field: Page; Sequence: 168 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="font-size: 11pt; text-align: justify; width: 60pt"><span style="font-size: 11pt"><b>Item&#8201;27.</b></span></td>
    <td style="font-size: 11pt; text-align: justify"><span style="font-size: 11pt"><b>Other Expenses Of Issuance And Distribution </b></span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table sets forth the estimated expenses
to be incurred in connection with the offering described in this Registration Statement:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="width: 85%; font-size: 11pt"><span style="font-size: 11pt">SEC registration fee</span></td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%; font-size: 11pt"><span style="font-size: 11pt">$</span></td>
    <td style="text-align: right; width: 12%; font-size: 11pt"><span style="font-size: 11pt">[&#160;&#160;&#160;]</span></td>
    <td style="white-space: nowrap; width: 1%">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="font-size: 11pt"><span style="font-size: 11pt">NYSE listing fee</span></td>
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: right; font-size: 11pt"><span style="font-size: 11pt">[&#160;&#160;&#160;]</span></td>
    <td style="white-space: nowrap">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="font-size: 11pt"><span style="font-size: 11pt">Accounting fees and expenses</span></td>
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: right; font-size: 11pt"><span style="font-size: 11pt">[&#160;&#160;&#160;]</span></td>
    <td style="white-space: nowrap">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="font-size: 11pt"><span style="font-size: 11pt">Legal fees and expenses</span></td>
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: right; font-size: 11pt"><span style="font-size: 11pt">[&#160;&#160;&#160;]</span></td>
    <td style="white-space: nowrap">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-bottom: 1pt; font-size: 11pt"><span style="font-size: 11pt">FINRA fee</span></td>
    <td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 11pt"><span style="font-size: 11pt">[&#160;&#160;&#160;]</span></td>
    <td style="padding-bottom: 1pt; white-space: nowrap">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt; font-size: 11pt"><span style="font-size: 11pt">Total</span></td>
    <td>&#160;</td>
    <td style="font-size: 11pt"><span style="font-size: 11pt">$</span></td>
    <td style="text-align: right; font-size: 11pt"><span style="font-size: 11pt">[&#160;&#160;&#160;]</span></td>
    <td style="white-space: nowrap; font-size: 11pt"><span style="font-size: 11pt">(1)</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 20pt; text-align: left"><span style="font-size: 11pt">(1)</span></td><td style="text-align: justify"><span style="font-size: 11pt">Estimate is based on the aggregate
estimated expenses to be incurred during a three year shelf offering period.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 60pt; text-align: left"><b>Item 28.</b></td><td style="text-align: justify"><b> Persons Controlled By Or Under Common Control With The
Registrant</b></td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The following table sets forth all persons that are controlled by or
under common control with the Registrant:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-weight: bold">Name</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><b>Controlling Person</b></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Percentage</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="width: 20%; text-align: left; text-indent: -12pt; padding-left: 12pt">BRW SPV I</td><td style="width: 1%">&#160;</td>
    <td style="width: 61%; text-align: left">Saba Capital Income &amp; Opportunities Fund</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 15%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -12pt; padding-left: 12pt">BRW SPV II</td><td>&#160;</td>
    <td style="text-align: left">Saba Capital Income &amp; Opportunities Fund</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr>
  </table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; width: 35%"><span style="font-size: 11pt"><b>Item&#8201;29.</b></span></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: center; width: 65%"><span style="font-size: 11pt"><b>Number Of Holders Of Shares</b></span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="font-size: 11pt">As of April 30, 2025:</td>
    <td style="font-size: 11pt; text-align: center">1,730</td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-indent: 20pt">&#160;</p>

<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: black 1pt solid; font-size: 11pt; width: 35%"><span style="font-size: 11pt"><b>Title Of Class</b></span></td>
    <td style="border-bottom: black 1pt solid; font-size: 11pt; text-align: center; width: 65%"><span style="font-size: 11pt"><b>Number Of Record Holders</b></span></td></tr>
  <tr style="background-color: Gainsboro">
    <td style="vertical-align: top; padding-left: 10pt; font-size: 11pt; text-indent: -10pt"><span style="font-size: 11pt">Common Shares of Beneficial Interest</span></td>
    <td style="white-space: nowrap; vertical-align: bottom; font-size: 11pt; text-align: center"><span style="font-size: 11pt">1,730</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 60pt; font-size: 11pt; text-align: justify"><span style="font-size: 11pt"><b>Item&#8201;30.</b></span></td>
    <td style="font-size: 11pt; text-align: left"><span style="font-size: 11pt"><b>Indemnification </b></span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Registrant's Agreement and Declaration of Trust
generally provides that the Trust shall indemnify each of its Trustees and officers (including persons who serve at the Trust's request
as directors, officers, or trustees of another organization in which the Trust has any interest as a shareholder, creditor, or otherwise)
("Covered Persons") against all liabilities and expenses, including amounts paid in satisfaction of judgments, in compromise
or as fines and penalties, and counsel fees reasonably incurred in connection with the defense or disposition of any action, suit, or
other proceeding, whether civil or criminal, by reason of being or having been such a Covered Person except with respect to any matter
as to which such Covered Person shall have been finally adjudicated: (a) not to have acted in good faith in the reasonable belief that
such Covered Person's action was in the best interest of the Trust; or (b) to be liable to the Trust or its shareholders by reason of
willful misfeasance, bad faith, gross negligence, or reckless disregard of duties involved in the conduct of such Covered Person's office.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to Trustees, officers, and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission,
such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment of the Registrant of expenses incurred or paid by a Trustee,
officer, or controlling person of the Registrant in the successful defense of any action, suit, or proceeding) is asserted by such Trustee,
officer, or controlling person in connection with the securities being registered, the Registrant will submit, unless in the opinion of
its counsel the matter has been settled by controlling precedent, to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<!-- Field: Page; Sequence: 169 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 60pt; text-align: left"><b>Item 31.</b></td><td style="text-align: justify"><b>Business
                                            And Other Connections Of Investment Advisor</b></td>
</tr></table>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Information as to the Trustees and officers of
the Adviser, together with information as to any other business, profession, vocation, or employment of a substantial nature engaged in
by the directors and officers of the Adviser in the last two years, is included in its application for registration as an investment adviser
on Form ADV (File No. 801-71740) filed under the Investment Advisers Act of 1940, as amended ("Advisers Act"), and is incorporated
herein by reference thereto.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="font-size: 11pt; text-align: justify; width: 60pt"><span style="font-size: 11pt"><b>Item&#8201;32.</b></span></td>
    <td style="font-size: 11pt; text-align: justify"><span style="font-size: 11pt"><b>Location Of Accounts And Records </b></span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Omitted pursuant to the Instruction of Item 32
of Form N-2.&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="font-size: 11pt; text-align: justify; width: 60pt"><span style="font-size: 11pt"><b>Item&#8201;33.</b></span></td>
    <td style="font-size: 11pt; text-align: justify"><span style="font-size: 11pt"><b>Management Services </b></span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Not Applicable</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="font-size: 11pt; text-align: justify; width: 60pt"><span style="font-size: 11pt"><b>Item&#8201;34.</b></span></td>
    <td style="font-size: 11pt; text-align: justify"><span style="font-size: 11pt"><b>Undertakings </b></span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(1) The Registrant undertakes to suspend the Offer
until the prospectus is amended if: (a) subsequent to the effective date of this registration statement, the net asset value declines
more than ten percent from its net asset value as of the effective date of this registration statement; or (b) the net asset value increases
to an amount greater than the net proceeds as stated in the prospectus included in this registration statement.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(2) Not applicable.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="margin: 0; text-align: justify"><span style="font-size: 11pt">(3)</span> <span style="font-size: 11pt">The securities being registered will be offered on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933. Accordingly, the Registrant undertakes: </span></p>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 20pt"/><td style="width: 20pt; text-align: left">(a)</td><td style="text-align: justify">to file, during any period in which offers or sales are being
made, a post-effective amendment to the Registration Statement:</td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-left: 40pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left">(1) to include any prospectus required
by Section 10(a)(3) of the Securities Act of 1933;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-left: 40pt; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">(2) to reflect in the prospectus any
facts or events after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually
or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing,
any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which
was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change
in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective registration
statement.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-left: 40pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left">(3) to include any material information
with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information
in the Registration Statement.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 20pt"/><td style="width: 20pt; text-align: left"><span style="font-size: 11pt">(b)</span></td><td style="text-align: justify"><span style="font-size: 11pt">that for the purpose of determining
any liability under the Securities Act of 1933, each post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof;</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 20pt"/><td style="width: 20pt; text-align: left"><span style="font-size: 11pt">(c)</span></td><td style="text-align: justify"><span style="font-size: 11pt">to remove from registration by means
of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering; and</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify"></p>

<!-- Field: Page; Sequence: 170 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 20pt"/><td style="width: 20pt; text-align: left"><span style="font-size: 11pt">(d)</span></td><td style="text-align: justify"><span style="font-size: 11pt">that, for the purpose of determining
liability under the Securities Act of 1933 to any purchaser:</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-left: 40pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left">(1) if the Registrant is relying on Rule
430B [17 CFR 230.430B]:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-left: 60pt; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">(A) Each prospectus filed by the Registrant
pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part
of and included in the registration statement; and</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-left: 60pt; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">(B) Each prospectus required to be filed
pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made
pursuant to Rule 415(a)(1)(i), (x), or (xi) for the purpose of providing the information required by Section 10(a) of the Securities Act
of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus
is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus.
As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be
deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that
prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. <i>Provided,
however</i>, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a
document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration
statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that
was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately
prior to such effective date; or</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin-left: 40pt; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">(2) if the Registrant is subject to Rule
430C [17 CFR 230.430C]: Each prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933 as part of a registration statement
relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule
430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided,
however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document
incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement
will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the
registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such
date of first use.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 20pt"/><td style="width: 20pt; text-align: left"><span style="font-size: 11pt">(e)</span></td><td style="text-align: justify"><span style="font-size: 11pt">that for the purpose of determining
liability of the Registrant under the Securities Act of 1933 to any purchaser in the initial distribution of securities: The undersigned
Registrant undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this Registration Statement,
regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser
by means of any of the following communications, the undersigned Registrant will be a seller to the purchaser and will be considered
to offer or sell such securities to the purchaser: (1) any preliminary prospectus or prospectus of the undersigned Registrant relating
to the offering required to be filed pursuant to Rule 424 under the Securities Act of 1933; (2) free writing prospectus relating to the
offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant; (3) the portion
of any other free writing prospectus or advertisement pursuant to Rule 482 under the Securities Act of 1933 relating to the offering
containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant;
and (4) any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0pt"/><td style="width: 20pt; text-align: left"><span style="font-size: 11pt">(4)</span></td><td style="text-align: justify"><span style="font-size: 11pt">If applicable:</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 20pt"/><td style="width: 20pt; text-align: left"><span style="font-size: 11pt">(a)</span></td><td style="text-align: justify"><span style="font-size: 11pt">For the purposes of determining
any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of a registration statement
in reliance upon Rule 430A and contained in the form of prospectus filed by the Registrant under Rule 424(b)(1) under the Securities
Act of 1933 shall be deemed to be part of the Registration Statement as of the time it was declared effective.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify"></p>

<!-- Field: Page; Sequence: 171 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 20pt"/><td style="width: 20pt; text-align: left"><span style="font-size: 11pt">(b)</span></td><td style="text-align: justify"><span style="font-size: 11pt">For the purpose of determining any
liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be a
new registration statement relating to the securities offered therein, and the offering of the securities at that time shall be deemed
to be the initial bona fide offering thereof.</span></td>
</tr></table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <span style="font-size: 11pt">(5)</span> <span style="font-size: 11pt">The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference into the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</span></p>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> (6) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.</p>



<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <span style="font-size: 11pt">(7)</span> <span style="font-size: 11pt">The Registrant undertakes to send by first class mail or other means designed to ensure equally prompt delivery within two business days of receipt of a written or oral request, any prospectus or Statement of Additional Information constituting Part B of this Registration Statement.</span></p>


<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<!-- Field: Page; Sequence: 172 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Trust has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of New York, and the State of New York, on the 3<sup>rd</sup> day of July, 2025.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td colspan="2" style="font-size: 11pt"><span style="font-size: 11pt">SABA CAPITAL INCOME &amp; OPPORTUNITIES FUND</span></td>
    <td>&#160;</td></tr>
  <tr>
    <td style="width: 2%">&#160;</td>
    <td style="width: 48%">&#160;</td>
    <td style="width: 50%">&#160;</td></tr>
  <tr>
    <td style="vertical-align: top; font-size: 11pt"><span style="font-size: 11pt">By:&#160;&#160;</span></td>
    <td style="vertical-align: bottom">
    <p style="border-bottom: black 0.75pt solid; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Paul Kazarian</p></td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td style="font-size: 11pt"><span style="font-size: 11pt">Paul Kazarian</span></td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td style="font-size: 11pt"><span style="font-size: 11pt">Chief Executive Officer</span></td>
    <td>&#160;</td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons in the capacities indicated and on the 3<sup>rd</sup> day of July, 2025.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-align: center; width: 35%">
    <p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Signature</b></p></td>
    <td style="padding-bottom: 1pt; width: 2%; font-size: 11pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: center; width: 63%; font-size: 11pt"><span style="font-size: 11pt"><b>Title</b></span></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center">&#160;</td>
    <td style="font-size: 11pt">&#160;</td>
    <td style="text-align: center; font-size: 11pt">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-align: center">
    <p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">/s/ Paul Kazarian</p></td>
    <td>&#160;</td>
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Chief Executive Officer</span></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Paul Kazarian</span></td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-align: center">
    <p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">/s/ Troy Statczar</p></td>
    <td>&#160;</td>
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Principal Financial Officer, Treasurer</span></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center">
    <p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Troy Statczar</p></td>
    <td style="font-size: 11pt">&#160;</td>
    <td style="text-align: center; font-size: 11pt">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center">&#160;</td>
    <td style="font-size: 11pt">&#160;</td>
    <td style="text-align: center; font-size: 11pt">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-align: center">
    <p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">/s/ Andrew Kellerman</p></td>
    <td>&#160;</td>
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Trustee</span></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Andrew Kellerman</span></td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-align: center">
    <p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">/s/ Thomas Bumbolow</p></td>
    <td>&#160;</td>
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Trustee</span></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Thomas Bumbolow</span></td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-align: center">
    <p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">/s/ Karen Caldwell</p></td>
    <td>&#160;</td>
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Trustee</span></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Karen Caldwell</span></td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-align: center">
    <p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">/s/ Ketu Desai</p></td>
    <td>&#160;</td>
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Trustee</span></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Ketu Desai</span></td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-align: center">
    <p style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">/s/ Anatoly Nakum</p></td>
    <td>&#160;</td>
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Trustee</span></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 11pt"><span style="font-size: 11pt">Anatoly Nakum</span></td>
    <td>&#160;</td>
    <td style="text-align: center">&#160;</td>
    </tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Page; Sequence: 173 -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>EXHIBIT INDEX </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; width: 10%"><span style="font-size: 11pt"><b>Exhibit <br/>
Number</b></span></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; width: 90%"><span style="font-size: 11pt"><b>Description</b></span></td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="font-size: 11pt"><a href="fp0094187-1_ex9928b2.htm" style="-sec-extract: exhibit"><span style="font-size: 11pt">(b)(2)</span></a></td>
    <td style="font-size: 11pt"><a href="fp0094187-1_ex9928b2.htm" style="-sec-extract: exhibit"><span style="font-size: 11pt">Amended and Restated By-Laws, dated August 5, 2020. <span style="text-decoration: underline"></span></span></a></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt"><a href="fp0094187-1_ex9928s.htm" style="-sec-extract: exhibit"><span style="font-size: 11pt">(s)</span></a></td>
    <td style="font-size: 11pt"><a href="fp0094187-1_ex9928s.htm" style="-sec-extract: exhibit"><span style="font-size: 11pt">Calculation of Filing Fee Table</span></a></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 174; Options: Last -->
    <div style="margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- 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 -->
</body>
</html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.28
<SEQUENCE>2
<FILENAME>fp0094187-1_ex9928b2.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AMENDED AND RESTATED BY-LAWS</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">OF VOYA PRIME RATE TRUST</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE 1</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Agreement and Declaration of Trust and Principal
Office</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Agreement
and Declaration of Trust</U>. These By-Laws shall be subject to the Agreement and Declaration of Trust as from time to time in effect
(the &ldquo;Declaration of Trust&rdquo;), of Voya Prime Rate Trust, the Massachusetts business trust established by the Declaration of
Trust (the &ldquo;Trust&rdquo;).</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Principal
Office of the Trust</U>. The principal office of the Trust shall be located within or without Massachusetts as the Trustees may determine
or as they may authorize.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE 2</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Meetings of Trustees</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Regular
Meetings</U>. Regular meetings of the Trustees may be held without call or notice at such places and at such time as the Trustees may
from time to time determine, provided that notice of the first regular meeting following any such determination shall be given to absent
Trustees. A regular meeting of the Trustees may be held without call or notice immediately after and at the same place as the annual meeting
of the shareholders.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Special
Meetings</U>. Special meetings of the Trustees may be held at any time and at any place designated in the call of the meeting when called
by the Chairman of the Trustees, the President or the Treasurer or by two or more Trustees, sufficient notice thereof being given to each
Trustee by the Secretary or an Assistant Secretary or by the officer or the Trustees calling the meeting.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Notice</U>.
It shall be sufficient notice to the Trustee of a special meeting to send notice by mail at least forty-eight hours or by telegram, telex
or telecopy or other electronic facsimile transmission method at least twenty four hours before the meeting addressed to the Trustee at
his or her usual or last known business or residence address or to give notice to him or her in person or by telephone at least twenty-four
hours before the meeting. Notice of a meeting need not be given to any Trustee if a written waiver of notice, executed by him or her before
the meeting, is filed with the records of the meeting, or to any Trustee who attends the meeting without protesting prior thereto or at
its commencement the lack of notice to him or her. Neither notice of a meeting nor a waiver of a notice need specify the purposes of the
meeting.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Quorum</U>.
At any meeting of the Trustees a majority of the Trustees then in office shall constitute a quorum. Any meeting may be adjourned from
time to time by a majority of the votes cast upon the question, whether or not a quorum is present, and the meeting may be held as adjourned
without further notice.</P>


<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE 3</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Officers</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Enumeration;
Qualification</U>. The officers of the Trust shall be a President, a Treasurer, a Secretary, and such other officers including a Chairman
of the Trustees, if any, as the Trustees from time to time may in their discretion elect. The Trustee may also have such agents as the
Trustees from time to time may in their discretion appoint. The Chairman of the Trustees, if one is elected, shall be a Trustee and may
but need not be a shareholder; and any other officer may but need not be a Trustee or a shareholder. Any two or more offices may be held
by the same person.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Election</U>.
The President, the Treasurer, and the Secretary shall be elected annually by the Trustees. Other officers, if any, may be elected or appointed
by the Trustees at said meeting or at any other time. Vacancies in any office may be filled at any time.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Tenure</U>.
The Chairman of the Trustees, if one is elected, the President, the Treasurer and the Secretary shall hold office until their respective
successors are chosen and qualified, or in each case until he or she sooner dies, resigns, is removed or becomes disqualified. Each other
officer shall hold office and each agent shall retain authority at the pleasure of the Trustees.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Powers</U>.
Subject to the other provisions of these By-Laws, each officer shall have, in addition to the duties and powers herein and in the Declaration
of Trust set forth, such duties and powers as are commonly incident to the office occupied by him or her as if the Trust were organized
as a Massachusetts business corporation and such other duties and powers as the Trustees may from time to time designate.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Chairman;
President; Chief Executive Officer</U>. Unless the Trustees otherwise provide, the Chairman of the Trustees or, if there is none or in
the absence of the Chairman, the President shall preside at all meetings of the shareholders and of the Trustees. The President shall
be the Chief Executive Officer of the Trust, except at any time when another person has been appointed by the Trustees and is serving
as the Chief Executive Officer of the Trust. Subject to the direction of the Trustees, the President shall have responsibility for the
general administration of the business and policies of the Trust. Except as the Trustees may otherwise order, the President shall have
the power to grant, issue, execute or sign such powers of attorney, proxies, agreements or other documents as may be deemed advisable
or necessary in the furtherance of the interests of the Trust or any Series thereof. The President shall also have the power to employ
attorneys, accountants and other advisers and agents and counsel for the Trust. The President shall perform such duties additional to
all of the foregoing as the Trustees may from time to time designate. At any time when a person other than the President has been appointed
by the Trustees and is serving as Chief Executive Officer, then (i) the Chief Executive Officer, and not the President, shall without
further action by the Trustees (unless the Trustees shall decide otherwise) have the obligations and the authorities specified above in
this paragraph, and (ii) the President shall instead perform such other supervisory or executive functions as the Trustees or the Chief
Executive Officer shall specify from time to time. The person serving at any time as the Chief Executive Officer of the Trust shall be
the &ldquo;principal executive officer&rdquo; of the Trust as such term is used in the Securities Act of 1933, as amended. Notwithstanding
the foregoing, at any such time, any person dealing with the Trust or the President or Chief Executive Officer shall be entitled to assume
that each of the President and Chief Executive Officer of the Trust has the full authority to perform all of the powers and duties of
the Chief Executive Officer of the Trust.</P>


<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Treasurer</U>.
The Treasurer shall be the chief financial and accounting officer of the Trust, and shall, subject to the provisions of the Declaration
of Trust and to any arrangement made by the Trustees with a custodian, investment advisor or manager, or transfer, shareholder servicing
or similar agent, be in charge of the valuable papers, books of account and accounting records of the Trust, and shall have such other
duties and powers as may be designated from time to time by the Trustees or by the President.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Secretary</U>.
The Secretary shall record all proceedings of the shareholders and the Trustees in books to be kept therefor, which books or a copy thereof
shall be kept at the principal office of the Trust. In the absence of the Secretary from any meeting of the shareholders or Trustees,
an assistant secretary, or if there be none or if he or she is absent, a temporary secretary chosen at such meeting shall record the proceedings
thereof in the aforesaid books.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Resignations</U>.
Any officer may resign at any time by written instrument signed by him or her and delivered to the Chairman, the President or the Secretary
or to a meeting of the Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time.
Except to the extent expressly provided in a written agreement with the Trust, no officer resigning and no officer removed shall have
any right to any compensation for any period fol1owing his or her resignation or removal, or any right to damages on account of such removal.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE 4</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Committees</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Quorum;
Voting</U>. A majority of the members of any Committee of the Trustees shall constitute a quorum for the transaction of business, and
any action of such a Committee may be taken at a meeting by a vote of a majority of the members present (a quorum being present) or evidenced
by one or more writings signed by such a majority. Members of a Committee may participate in a meeting of such Committee by means of a
conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other
at the same time and participation by such means shall constitute presence in person at a meeting.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE 5</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Reports</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>General</U>.
The Trustees and officers shall render reports at the time and in the manner required by the Declaration of Trust or any applicable law.
Officers and Committees shall render such additional reports as they may deem desirable or as may from time to time be required by the
Trustees.</P>


<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE 6</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Fiscal Year</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.
The initial fiscal year of the Trust shall be established by the Board of Trustees and any changes thereto shall be made by the Trustees.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE 7</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Seal</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.
The seal of the Trust shall consist of a flat-faced die with the word &ldquo;Massachusetts,&rdquo; together with the name of the Trust
and the year of its organization cut or engraved thereon but, unless otherwise required by the Trustees, the seal shall not be necessary
to be placed on, and its absence shall not impair the validity of, any document, instrument or other paper executed and delivered by or
on behalf of the Trust.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE 8</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Execution of Papers</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.
Except as the Trustees may generally or in particular cases authorize the execution thereof in some other manner, all deeds, leases, contracts,
notes and other obligations made by the Trustees shall be signed by the President or by the Treasurer and need not bear the seal of the
Trust.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE 9</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Issuance of Share Certificates</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Share
Certificates</U>. In lieu of issuing certificates for shares, the Trustees or the transfer agent may either issue receipts thereof or
may keep accounts upon the books of the Trust for the record holders of such shares who shall in either case be deemed, for all purposes
hereunder, to be the holders of certificates for such shares as if they had accepted such certificates and shall be held to have expressly
assented and agreed to the terms hereof.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Trustees may at any time authorize the issuance
of share certificates. In that event, each shareholder shall be entitled to a certificate stating the number of shares owned by him, in
such form as shall be prescribed from time to time by the Trustees. Such certificates shall be signed by the President or Vice-President
and by the Treasurer or Assistant Treasurer, or by the Secretary or any Assistant Secretary. Such signatures may be facsimile if the certificate
is signed by a transfer agent, or by a registrar, other than a Trustee, officer or employee of the Trust. In case any officer who has
signed or whose facsimile signature has been placed on such certificate shall cease to be such officer before such certificate is issued,
it may be issued by the Trust with the same effect as if he were such officer at the time of its issue.</P>


<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Loss
of Certificates</U>. In case of the alleged loss or destruction or the mutilation of a share certificate a duplicate certificate may be
issued in place thereof, upon such terms as the Trustees shall prescribe.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Issuance
of New Certificates to Pledgee</U>. A pledgee of shares transferred as collateral security shall be entitled to a new certificate if the
instrument of transfer substantially describes the debt or duty that is intended to be secured thereby. Such new certificate shall express
on its face that it is held as collateral security, and the name of the pledgor shall be stated thereon; who alone shall be liable as
a shareholder and entitled to vote thereon.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Discontinuance
of Issuance of Certificates</U>. The Trustees may at any time discontinue the issuance of share certificates and may, by written notice
to each shareholder, require the surrender of share certificates to the Trust for cancellation. Such surrender and cancellation shall
not affect the ownership of shares in the Trust.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE 10</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Provisions Relating to the Conduct of the Trust&rsquo;s
Business</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain
Definitions</U>. When used herein the following words shall have the following meaning: &ldquo;Distributor&rdquo; shall mean any one or
more corporations, firms or associations which have distributor&rsquo;s or principal underwriter&rsquo;s contracts in effect with the
Trust. &ldquo;Advisor&rdquo; shall mean any corporation, firm or association which may at the time have an advisory or management contract
with the Trust and any corporation, firm or association which may at any time have a sub-advisory contract relating to the Trust with
any such Advisor.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.2 <U></U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Limitation on Holdings by the Trust of
Certain Securities and on Dealings with Officers or Trustees</U>. The Trust may not purchase or retain shares or securities issued by
an issuer if one or more of the holders of the shares or securities issued by an issuer or one or more of the officers or directors of
such issuer is an officer or Trustee of the Trust or officer or director of the Advisor and if one or more of such officers, Trustees
or directors owns beneficially more than 1/2 of 1% of the shares or securities, or both, of such issuer and such officers, Trustees and
directors owning more than 1/2 of 1% of such shares or securities together own beneficially more than 5% of such shares or securities.
Each officer and Trustee of the Trust shall keep the Treasurer of the Trust informed of the names of all issuers shares or securities
of which are held in the portfolio of the Trust in which such officer or Trustee owns as much as 1/2 of 1% of the outstanding shares or
securities.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Trust will not lend any of its assets to the
Distributor or Advisor or to any officer or director of the Distributor or Advisor or any officer or Trustee of the Trust, and shall nor
permit any officer or Trustee or any officer or director of the Distributor or Advisor to deal for or on behalf of the Trust with himself
or herself as principal or agent, or with any partnership, association or corporation in which he or she has a financial interest; provided
that the foregoing provisions shall not prevent (a) officers and Trustees of the Trust or officers and directors of the Distributor or
Advisor from buying, holding or selling shares in the Trust or from being partners, officers or directors of or otherwise financially
interested in the Distributor or the Advisor; (b) purchases or sales of securities or other property if such transaction is permitted
by or is exempt or exempted from the provisions of the Investment Company Act of 1940, as amended (the &ldquo;Investment Company Act&rdquo;),
or any rule or regulation thereunder; (c) employment of legal counsel, registrar, transfer agent, shareholder servicing agent, dividend
disbursing agent or custodian who is, or has a partner, shareholder, officer or director who is, an officer or Trustee of the Trust or
an officer or director of the Distributor or Advisor; (d) sharing statistical, research, legal and management expenses and office expenses
with any other investment company in which an officer or Trustee of the Trust or an officer or director of the Distributor or Advisor
is an officer or director or otherwise financially interested.</P>


<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Limitation
on Dealing in Securities of the Trust by Certain Officers, Trustees, Distributor or Advisor</U>. Neither the Distributor nor Advisor,
nor any officer or Trustee of the Trust or officer or director of the Distributor or Advisor shall take long or short positions in securities
issued by the Trust; provided, however, that:</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Distributor may purchase from the Trust and otherwise deal in shares issued by the Trust pursuant to the terms of its contract with the
Trust;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
officer or Trustee of the Trust or officer or director of the Distributor or Advisor or any trustee or fiduciary for the benefit of any
of them may at any time, or from time to time, purchase from the Trust or from the Distributor shares issued by the Trust at the price
available to the public or to such officer, Trustee, director, trustee or fiduciary, no such purchase to be in contravention or any applicable
state or federal requirement; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Distributor or the Advisor may at any time, or from time to time, purchase for investment shares issued by the Trust.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Securities
and Cash of the Trust to be held by Custodian subject to certain Terms and Conditions</U>.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
securities and cash owned by this Trust shall be held by or deposited with a company which is a member of a national securities exchange
as defined in the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), or one or more banks or trust companies
having (according to its last published report) not less than $5,000,000 aggregate capital, surplus and undivided profits (any such member
of a national securities exchange or bank or trust company being hereby designated as &ldquo;Custodian&rdquo;), provided such a Custodian
can be found ready and willing to act; subject to such rules, regulations and orders, if any, as the Securities and Exchange Commission
may adopt, this Trust may, or may permit any Custodian to, deposit all or any part of the securities owned by this Trust in a system for
the central handling of securities pursuant to which all securities of any particular class or series of any issue deposited within the
system may be transferred or pledged by bookkeeping entry, without physical delivery. The Custodian may appoint, subject to the approval
of the Trustees, one or more sub-custodians.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Trust shall enter into a written contract with each Custodian regarding the powers, duties and compensation of such Custodian with respect
to the cash and securities of the Trust held by such Custodian. Said contract and all amendments thereto shall be approved by the Trustees.</P>


<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Trust shall upon the resignation or inability to serve of any Custodian or upon change of any Custodian:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in
case of such resignation or inability to serve, use its best efforts to obtain a successor Custodian;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;require
that the cash and securities owned by the Trust be delivered directly to the successor Custodian; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in
the event that no successor Custodian can be found, submit to the shareholders, before permitting delivery of the cash and securities
owned by the Trust otherwise than to a successor Custodian, the question whether the Trust shall be liquidated or shall function without
a Custodian.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.5</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Requirement and Restrictions Regarding
the Management Contract</U>. Every advisory or management contract entered into by the Trust shall provide that in that in the event that
the total expenses of the Trust for any fiscal year should exceed the limits imposed on investment company expenses by any statute or
regulatory authority of any jurisdiction in which shares of the Trust are offered for sale, the compensation due the Advisor for such
fiscal year shall be reduced by the amount of such excess by a reduction or refund thereof.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Reports
to Shareholders; Distributions from Realized Gains</U>. The Trust shall send to each shareholder of record at least semi-annually a statement
of the condition of the Trust and of the results of its operations, containing all information required by applicable laws or regulations.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.7</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Determination of Net Asset Value Per Share</U>.
The Fund will determine the net asset value of its shares once daily as of the close of trading on The New York Stock Exchange (the &ldquo;Exchange&rdquo;)
on each day that the Exchange is open for business. It is expected that the Exchange will be closed on Saturdays and Sundays and on New
Year&rsquo;s Day, Presidents&rsquo; Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. The
net asset value is determined by dividing the market value of the Fund&rsquo;s investments as of the close of trading plus any cash or
other assets (including dividends receivable and accrued interest) less all liabilities (including accrued expenses) by the number of
fund shares outstanding.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In valuing the portfolio investments of any series
for determination of net asset value per share of such series, securities for which market quotations are readily available shall be valued
at prices which, in the opinion of the Trustees or the person designated by the Trustees to make the determination, most nearly represent
the market value of such securities, and other securities and assets shall be valued at their fair value as determined by or pursuant
to the direction of the Trustees, which in the case of short-term debt obligations, commercial paper and repurchase agreements may, but
need not, be on the basis of quoted yields for securities of comparable maturity, quality and type, or on the basis of amortized cost.
Expenses and liabilities of the Trust shall be accrued each day. Liabilities may include such reserves for taxes, estimated accrued expenses
and contingencies as the Trustees or their designates may in their sole discretion deem fair and reasonable under the circumstances. No
accruals shall be made in respect of taxes on unrealized appreciation of securities owned unless the Trustees shall otherwise determine.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Dividends payable by the Trust shall be deducted
as at the time of but immediately prior to the determination of net asset value per share on the record date therefor.&nbsp;</P>



<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE 11</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Shareholders&rsquo; Voting Powers and Meetings</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">11.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Voting
Powers</U>. The shareholders shall have power to vote only (i) for the election of Trustees as provided in Article IV, Section l of the
Declaration of Trust, provided, however, that no meeting of shareholders is required to be called for the purpose of electing Trustees
unless and until such time as less than a majority of the Trustees have been elected by the shareholders, (ii) with respect to any Manager
or Sub-Manager as provided in Article IV, Section 6 of the Declaration of Trust to the extent required by the Investment Company Act and
the rules and regulations thereunder, (iii) with respect to a termination of this Trust to the extent and as provided in Article IX, Section
4 of the Declaration of Trust, (iv) with respect to any amendment of the Declaration of Trust to the extent and as provided in Article
IX, Section 7 of the Declaration of Trust, (v) to the same extent as the stockholders of a Massachusetts business corporation as to whether
or not a court action, proceeding or claim should or should not be brought or maintained derivatively or as a class action on behalf of
the Trust or the shareholders, and (vi) with respect to such additional matters relating to the Trust as may be required by law, the Declaration
of Trust, these By-Laws or any registration of the Trust with the Securities and Exchange Commission (or any successor agency) or any
State, or as the Trustees may consider necessary or desirable. Each whole share shall be entitled to one vote as to any matter on which
it is entitled to vote and each fractional share shall be entitled to a proportionate fractional vote. On any matter submitted to a vote
of shareholders all shares of the Trust then entitled to vote shall be voted by individual series, except (i) when required by the Investment
Company Act, shares shall be voted in the aggregate and not by individual series and (ii) when the Trustees have determined that the matter
affects only the interests of one or more series, then only shareholders of such series shall be entitled to vote thereon. There shall
be no cumulative voting in the election of Trustees. A proxy for Shares held in the name of two or more persons shall be valid if executed
by any one of them unless at or prior to exercise of the proxy the Trust receives a specific written notice to the contrary from any one
of them. A proxy purporting to be executed by or on behalf of a shareholder shall be deemed valid unless challenged at or prior to its
exercise and the burden of proving invalidity shall rest on the challenger.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Until shares are issued, the Trustees may exercise
all rights of shareholders and may take any action required by law, the Declaration of Trust or those By-Laws to be taken by shareholders.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">11.2</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Voting Power and Meetings</U>. Meetings
of the shareholders may be called by the Trustees for the purpose of electing Trustees as provided in Article IV, Section 1 of the Declaration
of Trust and for such other purposes as may be prescribed by law, by the Declaration of Trust or by these By-Laws. Meetings of the shareholders
may also be called by the Trustees from time to time for the purpose of taking action upon any other matter deemed by the Trustees to
be necessary or desirable. A meeting of shareholders may be held at any place designated by the Trustees, provided that the Trust may,
and upon designation by the Trustees, shall, hold a shareholder meeting solely by means of remote communications, or designate a &ldquo;hybrid&rdquo;
meeting where some participants attend in person and others attend by means of remote communications in order to comply with any legal
limitations on large gatherings of persons or circumstances where the Board or the Trust&rsquo;s officers determine it is appropriate
to do so in the public interest to ensure the safety of participants if such conditions exist either at the time that the meeting is called
or at the time that the meeting is actually held. Written notice of any meeting of shareholders shall be given or caused to be given by
the Trustees by mailing such notice at least seven days before such meeting, postage prepaid, stating the time, place, and purpose of
the meeting, to each shareholder at the shareholder&rsquo;s address as it appears on the records of the Trust. Whenever notice of a meeting
is required to be given to a shareholder under the Declaration of Trust or these By-Laws, a written waiver thereof, executed before or
after the meeting by such shareholder or his attorney thereunto authorized and filed with the records of the meeting, shall be deemed
equivalent to such notice.</P>


<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">11.3</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Quorum and Required Vote</U>.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A majority
of shares entitled to vote shall be a quorum for the transaction of business at a shareholders meeting, except that where any provision
of law or of the Declaration of Trust or these By-Laws permits or requires that holders of any series shall vote as a series, then a majority
of the aggregate number of shares of that series entitled to vote shall be necessary to constitute a quorum for the transaction of business
by that series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable
time after the date set for the original meeting, without the necessity of further notice, or setting of a new record date.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
when a larger vote is required by any provision of law or the Declaration of Trust or these By-Laws, and except as described in part (c)
hereof with respect to the election of Trustees, a majority of the shares voted shall decide any questions, provided, that where any provision
of law or of the Declaration of Trust or these By-Laws permits or requires that the holders of any series shall vote as a series, then
a majority of the shares of that series voted on the matter shall decide that matter insofar as that series is concerned.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
when a larger vote is required by any provision of law or the Declaration of Trust or these By-Laws, a plurality of the shares voted shall
elect a Trustee, provided, that where any provision of law or of the Declaration of Trust or these By-Laws permits or requires that the
holders of any series shall vote as a series, then a plurality of the shares of that series voted on the matter shall elect a Trustee
insofar as that series is concerned.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">11.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conduct
of Meeting</U>. The individual presiding over a meeting of shareholders, as provided in Article 3.5 hereof (for purposes of this Article
11, the &ldquo;chairperson&rdquo;), shall determine the order of business, may prescribe the rules, regulations, and procedures for the
conduct of such meeting, including the manner of voting and the conduct of discussion, and may take such action as, in the discretion
of such chairperson, is appropriate for the proper conduct of the meeting. The chairperson shall have the power to adjourn the meeting
to another place (or the same place), date, and time, on his or her own motion, without a vote of shareholders at the meeting.</P>


<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">11.5</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Action by Written Consent</U>. Any action
taken by shareholders may be taken without a meeting if shareholders holding a majority of the shares entitled to vote on the matter (or
such larger proportion thereof as shall be required by any express provision of law or the Declaration of Trust or these By-Laws) consent
to the action in writing and such written consents are filed with the records of the meetings of shareholders. Such consent shall be treated
for all purposes as a vote taken at a meeting of shareholders.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">11.6</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Record Dates</U>. For the purpose of determining
the shareholders who are entitled to vote or act at any meeting or any adjournment thereof, or who are entitled to receive payment of
any dividend or of any other distribution, the Trustees may from time to time fix a time, which shall be not more than 90 days before
the date of any meeting of shareholders or the date for the payment of any dividend or of any other distribution, as the record date for
determining the shareholders having the right to notice of and to vote at such meeting and any adjournment thereof or the right to receive
such dividend or distribution, and in such case only shareholders of record on such record date shall have such right notwithstanding
any transfer of shares on the books of the Trust after the record date; or without fixing such record date the Trustees may for any of
such purposes close the register or transfer books for all or any part of such period. No new record date shall be required in connection
with any adjournment of a meeting.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">11.7</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>Advance Notice of Shareholder Nominees
for Trustees and Other Shareholder Proposals</U>.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
matters to be considered and brought before any annual or special meeting of shareholders shall be limited to only such matters, including
the nomination and election of Trustees, as shall have been brought properly before such meeting in compliance with the procedures set
forth in this Section 11.7. Only persons who are nominated in accordance with the procedures set forth in this Section 11.7 shall be eligible
for election as Trustees.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any matter to be properly before any annual meeting, the matter must be (i) specified in the notice of meeting given by or at the direction
of the Trustees pursuant to Section 11.2 of these By-Laws, (ii) otherwise properly brought before the meeting by or at the direction of
the Trustees (or any duly authorized committee thereof), or (iii) provided that the matter is a proper subject to be brought before the
meeting, brought before the meeting in the manner specified in this Section 11.7(b) by a shareholder of record or by a person that can
demonstrate to the Trust such person&rsquo;s indirect beneficial ownership of shares held through a nominee or &ldquo;street name&rdquo;
holder of record (such person, a &ldquo;Beneficial Owner&rdquo;), provided that such shareholder of record or Beneficial Owner of such
shares provides its name and address as they appear on the Trust&rsquo;s books and evidence (including, in the case of a Beneficial Owner,
the name of the nominee or broker in whose &ldquo;street name&rdquo; the shares are held) to the Trust that he, she, or it is a shareholder
of record or Beneficial Owner entitled to vote: (A) at the time the notice provided for in this Section 11.7(b) is delivered to the Secretary
of the Trust and (B) on the record date for the determination of shareholders entitled to notice of and to vote at such meeting.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition to any other requirements under applicable
law, the Declaration of Trust, or these By-Laws, nominations of persons by shareholders for election as Trustees and any other proposals
by shareholders may be brought before an annual meeting only following timely notice (the &ldquo;Shareholder Notice&rdquo;) in writing
to the Secretary. To be timely, the Shareholder Notice must set out all information required by these By-Laws and must be delivered to
or mailed and received at the principal executive offices of the Trust not later than 5:00 p.m., Eastern time on the ninetieth (90th)
day or earlier than the one hundred and twentieth (120th) day prior to the first anniversary date of the date on which the proxy materials
were first sent or given to shareholders for the prior year&rsquo;s annual meeting; provided, however, if and only if the annual meeting
is not scheduled to be held within a period that commences thirty (30) days before the first anniversary date of the annual meeting for
the preceding year and ends thirty (30) days after such anniversary date (an annual meeting date outside such period being referred to
herein as an &ldquo;Other Annual Meeting Date&rdquo;), such Shareholder Notice must be given in the manner provided herein by the later
of 5:00 p.m., Eastern time, on (i) the date ninety (90) days prior to such Other Annual Meeting Date or (ii) the tenth (10th) day following
the date such Other Annual Meeting Date is first publicly announced or disclosed. Notwithstanding the foregoing, with respect to the first
annual meeting held following the date of these By-Laws, the notice provided for in this Section 11.7(b) must be given in the manner provided
herein by 5:00 p.m., Eastern time on April 30, 2020.</P>


<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any shareholder desiring to nominate any person
or persons (as the case may be) for election as a Trustee or Trustees of the Trust shall deliver, as part of such Shareholder Notice:</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
statement in writing setting forth (A) the name, age, date of birth, business address, and residence address of the person or persons
to be nominated; (B) the class or series and number of all shares of the Trust owned of record or beneficially by each such person or
persons, as reported to such shareholder by such nominee(s); (C) any other information regarding each such person required by paragraphs
(a), (d), (e) and (f) of Item 401 of Regulation S-K or paragraph (b) of Item 22 of Rule 14a-101 (Schedule 14A) under the Exchange Act,
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) any other information regarding the person or
persons to be nominated that would be required to be disclosed in a proxy statement or other filings required to be made in connection
with solicitation of proxies for election of Trustees or directors pursuant to Section 14 of the Exchange Act and the rules and regulations
promulgated thereunder, whether or not the shareholder submitting the Shareholder Notice intends to deliver a proxy statement or solicit
proxies and whether or not an election contest is involved, and any other information reasonably necessary to ensure the completeness
and accuracy of the information provided; and (E) a statement as to whether such shareholder believes any nominee is or will be an &ldquo;interested
person&rdquo; of the Trust (as defined in the Investment Company Act), a statement as to whether such nominee meets the other legal requirements
to serve as a Trustee, including the rules adopted by the principal listing exchange upon which the shares are listed, including the rules
adopted pursuant to Rule 10A-3, and information regarding each nominee that will be sufficient for the Trust itself to make such determinations
and otherwise evaluate whether such nominee is subject to any material conflict of interest; and (ii) the written and signed consent of
the person or persons to be nominated to be named as nominees and to serve as Trustees if elected. In addition, the Trustees may require
any proposed nominee to complete and return to the Trust within five (5) business days of such request a Trustee questionnaire in such
form as the Board deems appropriate, consent to undergo a background check, and/or furnish within five (5) business days of such request
such other information as they may reasonably require or deem necessary to determine the eligibility and fitness of such proposed nominee
to serve as a Trustee.</P>


<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Without limiting the foregoing, any shareholder
who gives a Shareholder Notice of any matter proposed to be brought before a shareholder meeting (whether or not involving nominees for
Trustees) shall deliver, as part of such Shareholder Notice: (i) the description of the business desired to be brought before the annual
meeting, text of the proposal to be presented, and the text of any resolutions proposed for consideration; (ii) a brief written statement
of the reasons why such business is proposed to be brought before the annual meeting and why such shareholder favors the proposal; (iii)
any other information relating to the shareholder and the proposal that would be required to be disclosed in a proxy statement or other
filings required to be made in connection with the solicitation of proxies with respect to the matter(s) proposed pursuant to Section
14 of the Exchange Act and the rules and regulations promulgated thereunder, whether or not the shareholder submitting the Shareholder
Notice intends to deliver a proxy statement or solicit proxies and whether or not an election contest is involved, and any other information
reasonably necessary to ensure the completeness and accuracy of the information provided; (iv) a representation that the shareholder intends
to appear in person or by proxy at the shareholder meeting to act on the matter(s) proposed; (v) a description of all agreements, arrangements
or understandings (whether written or oral) with respect to the proposal between or among the shareholder, each proposed nominee, if applicable,
and any other person or persons (including their names) pursuant to which the proposals are to be made by the shareholder; (vi) any material
interest of such shareholder in the matter proposed (other than as a shareholder); (vii) a description of all commercial and professional
relationships and transactions between or among such shareholder, and any other person or persons known to such shareholder to have a
material interest in the matter that is the subject of such notice, including any anticipated benefit therefrom to such person; (vii)
a representation whether the shareholder intends or is part of a group (and if so, the members of the group to the extent known) which
intends (A) to deliver a proxy statement and/or form of proxy to holders of at least the percentage of the Trust&rsquo;s outstanding shares
required to approve or adopt the proposal and/or (B) otherwise to solicit proxies from shareholders in support of such proposal; and (ix)
a statement certifying as to the completeness and accuracy of the information provided.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any matter to be properly before any special meeting, the matter must be specified in the notice of meeting given by or at the direction
of the Trustees pursuant to Section 11.2 of these By-Laws. In the event the Board calls a special meeting for the purpose of electing
one or more Trustees, any shareholder may nominate a person or persons (as the case may be) for election to such position(s) as specified
in the Trust&rsquo;s notice of meeting if and only if the shareholder provides a notice containing the information required in the Shareholder
Notice to the Secretary as required with respect to annual meetings by Section 11.7(b) hereof and fulfills the other requirements of Section
11.7(b) hereof, and such notice is delivered to or mailed and received at the principal executive office of the Trust not later than 5:00
p.m., Eastern time on the tenth (10th) day following the day on which the date of the special meeting is publicly announced or disclosed.</P>


<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If information
submitted pursuant to this Section 11.7 by any shareholder shall be inaccurate in any material respect, such information may be deemed
not to have been provided in accordance with this Section 11.7. Upon written request by the Secretary of the Trust or the Board, any such
shareholder shall provide, within five business days of delivery of such request (or such other period as may be specified in such request),
a written update of any information (including, if requested by the Trust, written confirmation by such shareholder that it continues
to intend to bring such nomination or propose such matter) submitted by the shareholder pursuant to this Section 11.7 as of an earlier
date. If a shareholder fails to provide such written update within such period, the information as to which a written update was requested
may be deemed not to have been provided in accordance with this Section 11.7 and, accordingly, may be deemed to be insufficient for purposes
of this Section.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing notice requirements of this section shall be deemed satisfied by a shareholder with respect to a proposal if the shareholder
has notified the Trust of his, her or its intention to present such proposal at a meeting in compliance with Rule 14a-8 promulgated under
the Exchange Act (or any successor provision of law) and such proposal has been included in a proxy statement that has been prepared by
the Trust to solicit proxies for such meeting.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Section 11.7, a matter shall be deemed to have been &ldquo;publicly announced or disclosed&rdquo; if such matter is disclosed
in a press release reported by the Dow Jones News Service, Associated Press Business Wire, PR Newswire or comparable national news or
wire service, in a document publicly filed by the Trust with the Securities and Exchange Commission, or on a Web site accessible to the
public maintained by the Trust or by its investment adviser or an affiliate of such investment adviser with respect to the Trust.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In no
event shall an adjournment or postponement (or a public announcement thereof) of a meeting of shareholders commence a new time period
(or extend any time period) for the giving of notice as provided in this Section 11.7.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
chairperson of any meeting of shareholders, in addition to making any other determinations that may be appropriate to the conduct of the
meeting, including as provided in Section 11.4 hereof, shall have the power and duty to (i) determine whether a nomination or proposal
of other matters to be brought before a meeting and notice to the Trust thereof have been duly made and given in the manner provided in
this Section 11.7 and elsewhere in these By-Laws and the Declaration of Trust and (ii) if not so made or given, to direct and declare
at the meeting that such nomination and/or such other matters shall be disregarded and shall not be considered. Any determination by the
chairperson shall be binding on all parties absent manifest error. Notwithstanding anything in these By-Laws to the contrary, except as
otherwise determined by the chairperson of the meeting, if the shareholder giving notice as provided for in this Section 11.7 does not
appear in person or by proxy at such annual or special meeting to act on the matter(s) proposed, such matter shall not be considered at
the meeting.</P>


<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: center; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE 12</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Amendments to the By-Laws</P>

<P STYLE="text-align: center; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">12.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: -12pt 0pt 0pt; text-indent: 1in"><U>General</U>.
These By-Laws may be amended or repealed, in whole or in part, by a majority of the Trustees then in office at any meeting of the Trustees,
or by one or more writings signed by such a majority.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">As adopted at a meeting of the Board of Trustees on August 5, 2020.</P>


<!-- Field: Page; Sequence: 14; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>3
<FILENAME>fp0094187-1_ex9928s.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit(s)</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Calculation of Filing
Fee Tables</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;N-2</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Form Type)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Saba Capital Income
&amp; Opportunities Fund </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant
as Specified in its Charter)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Table 1 &mdash; Newly
Registered and Carry Forward Securities</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="2" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; width: 7%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Security Type</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 16%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Security Class Title</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Fee Calculation or Carry Forward Rule</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Amount Registered</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Proposed Maximum Offering Price Per Unit</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Maximum Aggregate Offering Price</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Fee Rate</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Amount of Registration Fee</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Carry Forward Form Type</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Carry Forward File Number</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Carry Forward Initial Effective Date</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 7%">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Filing Fee</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Previously</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Paid In</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Connection</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>with</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Unsold</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>to be</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Carried</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Forward</B></P></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Newly Registered Securities</B></FONT></TD></TR>
  <TR STYLE="background-color: Gainsboro">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Fees to Be Paid</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Equity</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Common Shares of Beneficial Interest</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">457(o)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">$1,000,000</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 11pt">$153.10</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">$153.10</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&mdash;</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Other</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT>Rights to Purchase Common Shares of Beneficial Interest(1)</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">Warrants(1)</FONT></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: Gainsboro">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Fees Previously Paid</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="13" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Carry Forward Securities</B></FONT></TD></TR>
  <TR STYLE="background-color: Gainsboro">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Carry Forward Securities</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Total Offering Amounts&thinsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">$1,000,000</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">$153.10</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="background-color: Gainsboro">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Total Fees Previously Paid&thinsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">$0</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Total Fee Offsets&thinsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="background-color: Gainsboro">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Net Fee Due&thinsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">$153.10</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left">(1)</TD><TD STYLE="text-align: justify">No separate consideration will be received by the Registrant.
Any shares issued pursuant to an offering of rights to purchase shares of beneficial interest, including any shares issued pursuant to
an over-subscription privilege or a secondary over-subscription privilege, will be shares registered under this Registration Statement.</TD>
</TR></TABLE>

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

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>5
<FILENAME>brw-20250703.xsd
<DESCRIPTION>XBRL SCHEMA FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.1a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +qIpw7xRiXhun8uDaXEsOaCOmaOdwZdx6ekxtGp8bVmK7y0gcFJCqCeibGaGYdgA -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:us-gaap="http://fasb.org/us-gaap/2025" xmlns:cef="http://xbrl.sec.gov/cef/2025" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:brw="http://sabacef.com/20250703" elementFormDefault="qualified" targetNamespace="http://sabacef.com/20250703">
    <annotation>
      <appinfo>
        <link:linkbaseRef xlink:type="simple" xlink:href="brw-20250703_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
        <link:linkbaseRef xlink:type="simple" xlink:href="brw-20250703_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
        <link:linkbaseRef xlink:type="simple" xlink:href="brw-20250703_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd" />
    <import namespace="http://fasb.org/us-gaap/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd" />
    <import namespace="http://fasb.org/us-types/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd" />
    <import namespace="http://xbrl.sec.gov/cef/2025" schemaLocation="https://xbrl.sec.gov/cef/2025/cef-2025.xsd" />
    <import namespace="http://xbrl.sec.gov/cef-pre/2025" schemaLocation="https://xbrl.sec.gov/cef/2025/cef-2025_pre.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2025" schemaLocation="https://xbrl.sec.gov/country/2025/country-2025.xsd" />
    <import namespace="http://fasb.org/srt/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd" />
    <import namespace="http://fasb.org/srt-types/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd" />
    <element id="brw_CommonSharesMember" name="CommonSharesMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_PreferredSharesMember" name="PreferredSharesMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_ActiveManagementRiskMember" name="ActiveManagementRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_ActivistStrategiesRiskMember" name="ActivistStrategiesRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_BankLoansRiskMember" name="BankLoansRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_CatastropheBondsRiskMember" name="CatastropheBondsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_ClosedEndFundStructureRiskMember" name="ClosedEndFundStructureRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_CoInvestmentRestrictionsMember" name="CoInvestmentRestrictionsMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_ConvertibleSecuritiesRiskMember" name="ConvertibleSecuritiesRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_CorporateBondsRiskMember" name="CorporateBondsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_CounterpartyRiskMember" name="CounterpartyRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_CreditDefaultSwapsRiskMember" name="CreditDefaultSwapsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_CreditRisksMember" name="CreditRisksMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" name="RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_CurrencyRiskMember" name="CurrencyRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_CybersecurityRiskMember" name="CybersecurityRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DecisionMakingAuthorityRiskMember" name="DecisionMakingAuthorityRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DeflationRiskMember" name="DeflationRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DefensiveInvestingRiskMember" name="DefensiveInvestingRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DepositaryReceiptsRiskMember" name="DepositaryReceiptsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DerivatesRiskMember" name="DerivatesRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DerivatesRiskFuturesContractsRiskMember" name="DerivatesRiskFuturesContractsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DerivativesRiskOptionsRiskMember" name="DerivativesRiskOptionsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DerivativesRiskRegulationMember" name="DerivativesRiskRegulationMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DerivativesRiskSwapsRiskMember" name="DerivativesRiskSwapsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_DistressedAndDefaultedSecuritiesRiskMember" name="DistressedAndDefaultedSecuritiesRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_EquitySecuritiesRiskMember" name="EquitySecuritiesRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_EmergingMarketSecuritiesRiskMember" name="EmergingMarketSecuritiesRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_ExchangeTradedFundETFRiskMember" name="ExchangeTradedFundETFRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" name="FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_ForeignSecuritiesRiskMember" name="ForeignSecuritiesRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_FrequentTradingRiskMember" name="FrequentTradingRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_GovernmentInterventionsRiskMember" name="GovernmentInterventionsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_HedgingTransactionsMember" name="HedgingTransactionsMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_HighYieldInvestmentsRiskMember" name="HighYieldInvestmentsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_IlliquidInvestmentsRiskMember" name="IlliquidInvestmentsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_InflationRiskMember" name="InflationRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_InflationIndexedBondsRiskMember" name="InflationIndexedBondsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_InformationTechnologySystemsRiskMember" name="InformationTechnologySystemsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_InterestRatesRiskMember" name="InterestRatesRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_IssuerRiskMember" name="IssuerRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_InvestmentCompanyActRegulationsRiskMember" name="InvestmentCompanyActRegulationsRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_LegalTaxAndRegulatoryRisksMember" name="LegalTaxAndRegulatoryRisksMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="brw_LeverageRiskMember" name="LeverageRiskMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>6
<FILENAME>brw-20250703_def.xml
<DESCRIPTION>XBRL DEFINITION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.1a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/cef/2025/cef-2025.xsd#SecurityOnly" roleURI="http://xbrl.sec.gov/cef/role/SecurityOnly" />
    <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/cef/2025/cef-2025.xsd#AddressTypeOnly" roleURI="http://xbrl.sec.gov/cef/role/AddressTypeOnly" />
    <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/cef/2025/cef-2025.xsd#RiskOnly" roleURI="http://xbrl.sec.gov/cef/role/RiskOnly" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#notAll" arcroleURI="http://xbrl.org/int/dim/arcrole/notAll" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
    <link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/SecurityOnly" />
    <link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/SecurityOnly">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CommonSharesMember" xlink:label="loc_brwCommonSharesMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_brwCommonSharesMember" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_PreferredSharesMember" xlink:label="loc_brwPreferredSharesMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_brwPreferredSharesMember" xlink:type="arc" order="10" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/SecurityOnly" />
    <link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/AddressTypeOnly" />
    <link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/RiskOnly">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/cef/2025/cef-2025.xsd#cef_AllRisksMember" xlink:label="loc_cefAllRisksMember" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ActiveManagementRiskMember" xlink:label="loc_brwActiveManagementRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwActiveManagementRiskMember" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ActivistStrategiesRiskMember" xlink:label="loc_brwActivistStrategiesRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwActivistStrategiesRiskMember" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_BankLoansRiskMember" xlink:label="loc_brwBankLoansRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwBankLoansRiskMember" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CatastropheBondsRiskMember" xlink:label="loc_brwCatastropheBondsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCatastropheBondsRiskMember" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ClosedEndFundStructureRiskMember" xlink:label="loc_brwClosedEndFundStructureRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwClosedEndFundStructureRiskMember" xlink:type="arc" order="40" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CoInvestmentRestrictionsMember" xlink:label="loc_brwCoInvestmentRestrictionsMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCoInvestmentRestrictionsMember" xlink:type="arc" order="50" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ConvertibleSecuritiesRiskMember" xlink:label="loc_brwConvertibleSecuritiesRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwConvertibleSecuritiesRiskMember" xlink:type="arc" order="60" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CorporateBondsRiskMember" xlink:label="loc_brwCorporateBondsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCorporateBondsRiskMember" xlink:type="arc" order="70" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CounterpartyRiskMember" xlink:label="loc_brwCounterpartyRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCounterpartyRiskMember" xlink:type="arc" order="80" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CreditDefaultSwapsRiskMember" xlink:label="loc_brwCreditDefaultSwapsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCreditDefaultSwapsRiskMember" xlink:type="arc" order="90" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CreditRisksMember" xlink:label="loc_brwCreditRisksMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCreditRisksMember" xlink:type="arc" order="100" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" xlink:label="loc_brwRisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwRisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" xlink:type="arc" order="110" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CurrencyRiskMember" xlink:label="loc_brwCurrencyRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCurrencyRiskMember" xlink:type="arc" order="120" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CybersecurityRiskMember" xlink:label="loc_brwCybersecurityRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCybersecurityRiskMember" xlink:type="arc" order="130" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DecisionMakingAuthorityRiskMember" xlink:label="loc_brwDecisionMakingAuthorityRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDecisionMakingAuthorityRiskMember" xlink:type="arc" order="140" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DeflationRiskMember" xlink:label="loc_brwDeflationRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDeflationRiskMember" xlink:type="arc" order="150" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DefensiveInvestingRiskMember" xlink:label="loc_brwDefensiveInvestingRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDefensiveInvestingRiskMember" xlink:type="arc" order="160" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DepositaryReceiptsRiskMember" xlink:label="loc_brwDepositaryReceiptsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDepositaryReceiptsRiskMember" xlink:type="arc" order="170" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivatesRiskMember" xlink:label="loc_brwDerivatesRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivatesRiskMember" xlink:type="arc" order="180" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivatesRiskFuturesContractsRiskMember" xlink:label="loc_brwDerivatesRiskFuturesContractsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivatesRiskFuturesContractsRiskMember" xlink:type="arc" order="190" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivativesRiskOptionsRiskMember" xlink:label="loc_brwDerivativesRiskOptionsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivativesRiskOptionsRiskMember" xlink:type="arc" order="200" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivativesRiskRegulationMember" xlink:label="loc_brwDerivativesRiskRegulationMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivativesRiskRegulationMember" xlink:type="arc" order="210" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivativesRiskSwapsRiskMember" xlink:label="loc_brwDerivativesRiskSwapsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivativesRiskSwapsRiskMember" xlink:type="arc" order="220" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DistressedAndDefaultedSecuritiesRiskMember" xlink:label="loc_brwDistressedAndDefaultedSecuritiesRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDistressedAndDefaultedSecuritiesRiskMember" xlink:type="arc" order="230" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_EquitySecuritiesRiskMember" xlink:label="loc_brwEquitySecuritiesRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwEquitySecuritiesRiskMember" xlink:type="arc" order="240" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_EmergingMarketSecuritiesRiskMember" xlink:label="loc_brwEmergingMarketSecuritiesRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwEmergingMarketSecuritiesRiskMember" xlink:type="arc" order="250" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ExchangeTradedFundETFRiskMember" xlink:label="loc_brwExchangeTradedFundETFRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwExchangeTradedFundETFRiskMember" xlink:type="arc" order="260" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" xlink:label="loc_brwFailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwFailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" xlink:type="arc" order="270" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ForeignSecuritiesRiskMember" xlink:label="loc_brwForeignSecuritiesRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwForeignSecuritiesRiskMember" xlink:type="arc" order="280" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_FrequentTradingRiskMember" xlink:label="loc_brwFrequentTradingRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwFrequentTradingRiskMember" xlink:type="arc" order="290" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_GovernmentInterventionsRiskMember" xlink:label="loc_brwGovernmentInterventionsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwGovernmentInterventionsRiskMember" xlink:type="arc" order="300" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_HedgingTransactionsMember" xlink:label="loc_brwHedgingTransactionsMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwHedgingTransactionsMember" xlink:type="arc" order="310" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_HighYieldInvestmentsRiskMember" xlink:label="loc_brwHighYieldInvestmentsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwHighYieldInvestmentsRiskMember" xlink:type="arc" order="320" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_IlliquidInvestmentsRiskMember" xlink:label="loc_brwIlliquidInvestmentsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwIlliquidInvestmentsRiskMember" xlink:type="arc" order="330" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InflationRiskMember" xlink:label="loc_brwInflationRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInflationRiskMember" xlink:type="arc" order="340" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InflationIndexedBondsRiskMember" xlink:label="loc_brwInflationIndexedBondsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInflationIndexedBondsRiskMember" xlink:type="arc" order="350" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InformationTechnologySystemsRiskMember" xlink:label="loc_brwInformationTechnologySystemsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInformationTechnologySystemsRiskMember" xlink:type="arc" order="360" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InterestRatesRiskMember" xlink:label="loc_brwInterestRatesRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInterestRatesRiskMember" xlink:type="arc" order="370" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_IssuerRiskMember" xlink:label="loc_brwIssuerRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwIssuerRiskMember" xlink:type="arc" order="380" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InvestmentCompanyActRegulationsRiskMember" xlink:label="loc_brwInvestmentCompanyActRegulationsRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInvestmentCompanyActRegulationsRiskMember" xlink:type="arc" order="390" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_LegalTaxAndRegulatoryRisksMember" xlink:label="loc_brwLegalTaxAndRegulatoryRisksMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwLegalTaxAndRegulatoryRisksMember" xlink:type="arc" order="400" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_LeverageRiskMember" xlink:label="loc_brwLeverageRiskMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwLeverageRiskMember" xlink:type="arc" order="410" />
    </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>7
<FILENAME>brw-20250703_lab.xml
<DESCRIPTION>XBRL LABEL FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.1a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CommonSharesMember" xlink:label="brw_CommonSharesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_CommonSharesMember" xlink:to="brw_CommonSharesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_CommonSharesMember_lbl" xml:lang="en-US">Common Shares [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_PreferredSharesMember" xlink:label="brw_PreferredSharesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_PreferredSharesMember" xlink:to="brw_PreferredSharesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_PreferredSharesMember_lbl" xml:lang="en-US">Preferred Shares [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ActiveManagementRiskMember" xlink:label="brw_ActiveManagementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_ActiveManagementRiskMember" xlink:to="brw_ActiveManagementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_ActiveManagementRiskMember_lbl" xml:lang="en-US">Active Management Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ActivistStrategiesRiskMember" xlink:label="brw_ActivistStrategiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_ActivistStrategiesRiskMember" xlink:to="brw_ActivistStrategiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_ActivistStrategiesRiskMember_lbl" xml:lang="en-US">Activist Strategies Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_BankLoansRiskMember" xlink:label="brw_BankLoansRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_BankLoansRiskMember" xlink:to="brw_BankLoansRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_BankLoansRiskMember_lbl" xml:lang="en-US">Bank Loans Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CatastropheBondsRiskMember" xlink:label="brw_CatastropheBondsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_CatastropheBondsRiskMember" xlink:to="brw_CatastropheBondsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_CatastropheBondsRiskMember_lbl" xml:lang="en-US">Catastrophe Bonds Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ClosedEndFundStructureRiskMember" xlink:label="brw_ClosedEndFundStructureRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_ClosedEndFundStructureRiskMember" xlink:to="brw_ClosedEndFundStructureRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_ClosedEndFundStructureRiskMember_lbl" xml:lang="en-US">Closed-End Fund Structure Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CoInvestmentRestrictionsMember" xlink:label="brw_CoInvestmentRestrictionsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_CoInvestmentRestrictionsMember" xlink:to="brw_CoInvestmentRestrictionsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_CoInvestmentRestrictionsMember_lbl" xml:lang="en-US">Co-Investment Restrictions [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ConvertibleSecuritiesRiskMember" xlink:label="brw_ConvertibleSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_ConvertibleSecuritiesRiskMember" xlink:to="brw_ConvertibleSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_ConvertibleSecuritiesRiskMember_lbl" xml:lang="en-US">Convertible Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CorporateBondsRiskMember" xlink:label="brw_CorporateBondsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_CorporateBondsRiskMember" xlink:to="brw_CorporateBondsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_CorporateBondsRiskMember_lbl" xml:lang="en-US">Corporate Bonds Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CounterpartyRiskMember" xlink:label="brw_CounterpartyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_CounterpartyRiskMember" xlink:to="brw_CounterpartyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_CounterpartyRiskMember_lbl" xml:lang="en-US">Counterparty Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CreditDefaultSwapsRiskMember" xlink:label="brw_CreditDefaultSwapsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_CreditDefaultSwapsRiskMember" xlink:to="brw_CreditDefaultSwapsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_CreditDefaultSwapsRiskMember_lbl" xml:lang="en-US">Credit Default Swaps Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CreditRisksMember" xlink:label="brw_CreditRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_CreditRisksMember" xlink:to="brw_CreditRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_CreditRisksMember_lbl" xml:lang="en-US">Credit Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" xlink:label="brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" xlink:to="brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember_lbl" xml:lang="en-US">Risks Relating to Investments in Exchange Traded Funds/Trusts that invest in cryptocurrencies or similar digital assets that utilize blockchain technology [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CurrencyRiskMember" xlink:label="brw_CurrencyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_CurrencyRiskMember" xlink:to="brw_CurrencyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_CurrencyRiskMember_lbl" xml:lang="en-US">Currency Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CybersecurityRiskMember" xlink:label="brw_CybersecurityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_CybersecurityRiskMember" xlink:to="brw_CybersecurityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_CybersecurityRiskMember_lbl" xml:lang="en-US">Cybersecurity Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DecisionMakingAuthorityRiskMember" xlink:label="brw_DecisionMakingAuthorityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DecisionMakingAuthorityRiskMember" xlink:to="brw_DecisionMakingAuthorityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DecisionMakingAuthorityRiskMember_lbl" xml:lang="en-US">Decision-Making Authority Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DeflationRiskMember" xlink:label="brw_DeflationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DeflationRiskMember" xlink:to="brw_DeflationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DeflationRiskMember_lbl" xml:lang="en-US">Deflation Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DefensiveInvestingRiskMember" xlink:label="brw_DefensiveInvestingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DefensiveInvestingRiskMember" xlink:to="brw_DefensiveInvestingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DefensiveInvestingRiskMember_lbl" xml:lang="en-US">Defensive Investing Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DepositaryReceiptsRiskMember" xlink:label="brw_DepositaryReceiptsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DepositaryReceiptsRiskMember" xlink:to="brw_DepositaryReceiptsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DepositaryReceiptsRiskMember_lbl" xml:lang="en-US">Depositary Receipts Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivatesRiskMember" xlink:label="brw_DerivatesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DerivatesRiskMember" xlink:to="brw_DerivatesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DerivatesRiskMember_lbl" xml:lang="en-US">Derivates Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivatesRiskFuturesContractsRiskMember" xlink:label="brw_DerivatesRiskFuturesContractsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DerivatesRiskFuturesContractsRiskMember" xlink:to="brw_DerivatesRiskFuturesContractsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DerivatesRiskFuturesContractsRiskMember_lbl" xml:lang="en-US">Derivates Risk &#150; Futures Contracts Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivativesRiskOptionsRiskMember" xlink:label="brw_DerivativesRiskOptionsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DerivativesRiskOptionsRiskMember" xlink:to="brw_DerivativesRiskOptionsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DerivativesRiskOptionsRiskMember_lbl" xml:lang="en-US">Derivatives Risk &#150; Options Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivativesRiskRegulationMember" xlink:label="brw_DerivativesRiskRegulationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DerivativesRiskRegulationMember" xlink:to="brw_DerivativesRiskRegulationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DerivativesRiskRegulationMember_lbl" xml:lang="en-US">Derivatives Risk &#150; Regulation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivativesRiskSwapsRiskMember" xlink:label="brw_DerivativesRiskSwapsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DerivativesRiskSwapsRiskMember" xlink:to="brw_DerivativesRiskSwapsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DerivativesRiskSwapsRiskMember_lbl" xml:lang="en-US">Derivatives Risk &#150; Swaps Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DistressedAndDefaultedSecuritiesRiskMember" xlink:label="brw_DistressedAndDefaultedSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_DistressedAndDefaultedSecuritiesRiskMember" xlink:to="brw_DistressedAndDefaultedSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_DistressedAndDefaultedSecuritiesRiskMember_lbl" xml:lang="en-US">Distressed and Defaulted Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_EquitySecuritiesRiskMember" xlink:label="brw_EquitySecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_EquitySecuritiesRiskMember" xlink:to="brw_EquitySecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_EquitySecuritiesRiskMember_lbl" xml:lang="en-US">Equity Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_EmergingMarketSecuritiesRiskMember" xlink:label="brw_EmergingMarketSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_EmergingMarketSecuritiesRiskMember" xlink:to="brw_EmergingMarketSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_EmergingMarketSecuritiesRiskMember_lbl" xml:lang="en-US">Emerging Market Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ExchangeTradedFundETFRiskMember" xlink:label="brw_ExchangeTradedFundETFRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_ExchangeTradedFundETFRiskMember" xlink:to="brw_ExchangeTradedFundETFRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_ExchangeTradedFundETFRiskMember_lbl" xml:lang="en-US">Exchange Traded Fund (ETF) Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" xlink:label="brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" xlink:to="brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember_lbl" xml:lang="en-US">Failures of Futures Commission Merchants and Clearing Organizations Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ForeignSecuritiesRiskMember" xlink:label="brw_ForeignSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_ForeignSecuritiesRiskMember" xlink:to="brw_ForeignSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_ForeignSecuritiesRiskMember_lbl" xml:lang="en-US">Foreign Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_FrequentTradingRiskMember" xlink:label="brw_FrequentTradingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_FrequentTradingRiskMember" xlink:to="brw_FrequentTradingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_FrequentTradingRiskMember_lbl" xml:lang="en-US">Frequent Trading Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_GovernmentInterventionsRiskMember" xlink:label="brw_GovernmentInterventionsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_GovernmentInterventionsRiskMember" xlink:to="brw_GovernmentInterventionsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_GovernmentInterventionsRiskMember_lbl" xml:lang="en-US">Government Interventions Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_HedgingTransactionsMember" xlink:label="brw_HedgingTransactionsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_HedgingTransactionsMember" xlink:to="brw_HedgingTransactionsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_HedgingTransactionsMember_lbl" xml:lang="en-US">Hedging Transactions [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_HighYieldInvestmentsRiskMember" xlink:label="brw_HighYieldInvestmentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_HighYieldInvestmentsRiskMember" xlink:to="brw_HighYieldInvestmentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_HighYieldInvestmentsRiskMember_lbl" xml:lang="en-US">High-Yield Investments Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_IlliquidInvestmentsRiskMember" xlink:label="brw_IlliquidInvestmentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_IlliquidInvestmentsRiskMember" xlink:to="brw_IlliquidInvestmentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_IlliquidInvestmentsRiskMember_lbl" xml:lang="en-US">Illiquid Investments Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InflationRiskMember" xlink:label="brw_InflationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_InflationRiskMember" xlink:to="brw_InflationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_InflationRiskMember_lbl" xml:lang="en-US">Inflation Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InflationIndexedBondsRiskMember" xlink:label="brw_InflationIndexedBondsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_InflationIndexedBondsRiskMember" xlink:to="brw_InflationIndexedBondsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_InflationIndexedBondsRiskMember_lbl" xml:lang="en-US">Inflation-Indexed Bonds Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InformationTechnologySystemsRiskMember" xlink:label="brw_InformationTechnologySystemsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_InformationTechnologySystemsRiskMember" xlink:to="brw_InformationTechnologySystemsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_InformationTechnologySystemsRiskMember_lbl" xml:lang="en-US">Information Technology Systems Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InterestRatesRiskMember" xlink:label="brw_InterestRatesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_InterestRatesRiskMember" xlink:to="brw_InterestRatesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_InterestRatesRiskMember_lbl" xml:lang="en-US">Interest Rates Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_IssuerRiskMember" xlink:label="brw_IssuerRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_IssuerRiskMember" xlink:to="brw_IssuerRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_IssuerRiskMember_lbl" xml:lang="en-US">Issuer Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InvestmentCompanyActRegulationsRiskMember" xlink:label="brw_InvestmentCompanyActRegulationsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_InvestmentCompanyActRegulationsRiskMember" xlink:to="brw_InvestmentCompanyActRegulationsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_InvestmentCompanyActRegulationsRiskMember_lbl" xml:lang="en-US">Investment Company Act Regulations Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_LegalTaxAndRegulatoryRisksMember" xlink:label="brw_LegalTaxAndRegulatoryRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_LegalTaxAndRegulatoryRisksMember" xlink:to="brw_LegalTaxAndRegulatoryRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_LegalTaxAndRegulatoryRisksMember_lbl" xml:lang="en-US">Legal, Tax and Regulatory Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_LeverageRiskMember" xlink:label="brw_LeverageRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="brw_LeverageRiskMember" xlink:to="brw_LeverageRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="brw_LeverageRiskMember_lbl" xml:lang="en-US">Leverage Risk [Member]</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>8
<FILENAME>brw-20250703_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.1a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/cef/2025/cef-2025.xsd#N2Cover" roleURI="http://xbrl.sec.gov/cef/role/N2Cover" />
    <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/cef/2025/cef-2025.xsd#N2" roleURI="http://xbrl.sec.gov/cef/role/N2" />
    <link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/N2" xlink:title="995470 - Disclosure - N-2">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/cef/2025/cef-2025.xsd#cef_ProspectusLineItems" xlink:label="loc_cefProspectusLineItems" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/N2">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CommonSharesMember" xlink:label="loc_brwCommonSharesMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_brwCommonSharesMember" order="0" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_PreferredSharesMember" xlink:label="loc_brwPreferredSharesMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_brwPreferredSharesMember" order="100" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/N2" />
    <link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/N2" />
    <link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/cef/role/N2">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/cef/2025/cef-2025.xsd#cef_AllRisksMember" xlink:label="loc_cefAllRisksMember" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ActiveManagementRiskMember" xlink:label="loc_brwActiveManagementRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwActiveManagementRiskMember" order="0" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ActivistStrategiesRiskMember" xlink:label="loc_brwActivistStrategiesRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwActivistStrategiesRiskMember" order="100" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_BankLoansRiskMember" xlink:label="loc_brwBankLoansRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwBankLoansRiskMember" order="200" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CatastropheBondsRiskMember" xlink:label="loc_brwCatastropheBondsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCatastropheBondsRiskMember" order="300" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ClosedEndFundStructureRiskMember" xlink:label="loc_brwClosedEndFundStructureRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwClosedEndFundStructureRiskMember" order="400" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CoInvestmentRestrictionsMember" xlink:label="loc_brwCoInvestmentRestrictionsMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCoInvestmentRestrictionsMember" order="500" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ConvertibleSecuritiesRiskMember" xlink:label="loc_brwConvertibleSecuritiesRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwConvertibleSecuritiesRiskMember" order="600" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CorporateBondsRiskMember" xlink:label="loc_brwCorporateBondsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCorporateBondsRiskMember" order="700" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CounterpartyRiskMember" xlink:label="loc_brwCounterpartyRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCounterpartyRiskMember" order="800" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CreditDefaultSwapsRiskMember" xlink:label="loc_brwCreditDefaultSwapsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCreditDefaultSwapsRiskMember" order="900" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CreditRisksMember" xlink:label="loc_brwCreditRisksMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCreditRisksMember" order="1000" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" xlink:label="loc_brwRisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwRisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember" order="1100" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CurrencyRiskMember" xlink:label="loc_brwCurrencyRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCurrencyRiskMember" order="1200" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_CybersecurityRiskMember" xlink:label="loc_brwCybersecurityRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwCybersecurityRiskMember" order="1300" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DecisionMakingAuthorityRiskMember" xlink:label="loc_brwDecisionMakingAuthorityRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDecisionMakingAuthorityRiskMember" order="1400" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DeflationRiskMember" xlink:label="loc_brwDeflationRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDeflationRiskMember" order="1500" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DefensiveInvestingRiskMember" xlink:label="loc_brwDefensiveInvestingRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDefensiveInvestingRiskMember" order="1600" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DepositaryReceiptsRiskMember" xlink:label="loc_brwDepositaryReceiptsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDepositaryReceiptsRiskMember" order="1700" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivatesRiskMember" xlink:label="loc_brwDerivatesRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivatesRiskMember" order="1800" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivatesRiskFuturesContractsRiskMember" xlink:label="loc_brwDerivatesRiskFuturesContractsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivatesRiskFuturesContractsRiskMember" order="1900" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivativesRiskOptionsRiskMember" xlink:label="loc_brwDerivativesRiskOptionsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivativesRiskOptionsRiskMember" order="2000" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivativesRiskRegulationMember" xlink:label="loc_brwDerivativesRiskRegulationMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivativesRiskRegulationMember" order="2100" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DerivativesRiskSwapsRiskMember" xlink:label="loc_brwDerivativesRiskSwapsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDerivativesRiskSwapsRiskMember" order="2200" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_DistressedAndDefaultedSecuritiesRiskMember" xlink:label="loc_brwDistressedAndDefaultedSecuritiesRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwDistressedAndDefaultedSecuritiesRiskMember" order="2300" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_EquitySecuritiesRiskMember" xlink:label="loc_brwEquitySecuritiesRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwEquitySecuritiesRiskMember" order="2400" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_EmergingMarketSecuritiesRiskMember" xlink:label="loc_brwEmergingMarketSecuritiesRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwEmergingMarketSecuritiesRiskMember" order="2500" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ExchangeTradedFundETFRiskMember" xlink:label="loc_brwExchangeTradedFundETFRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwExchangeTradedFundETFRiskMember" order="2600" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" xlink:label="loc_brwFailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwFailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember" order="2700" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_ForeignSecuritiesRiskMember" xlink:label="loc_brwForeignSecuritiesRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwForeignSecuritiesRiskMember" order="2800" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_FrequentTradingRiskMember" xlink:label="loc_brwFrequentTradingRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwFrequentTradingRiskMember" order="2900" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_GovernmentInterventionsRiskMember" xlink:label="loc_brwGovernmentInterventionsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwGovernmentInterventionsRiskMember" order="3000" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_HedgingTransactionsMember" xlink:label="loc_brwHedgingTransactionsMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwHedgingTransactionsMember" order="3100" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_HighYieldInvestmentsRiskMember" xlink:label="loc_brwHighYieldInvestmentsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwHighYieldInvestmentsRiskMember" order="3200" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_IlliquidInvestmentsRiskMember" xlink:label="loc_brwIlliquidInvestmentsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwIlliquidInvestmentsRiskMember" order="3300" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InflationRiskMember" xlink:label="loc_brwInflationRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInflationRiskMember" order="3400" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InflationIndexedBondsRiskMember" xlink:label="loc_brwInflationIndexedBondsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInflationIndexedBondsRiskMember" order="3500" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InformationTechnologySystemsRiskMember" xlink:label="loc_brwInformationTechnologySystemsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInformationTechnologySystemsRiskMember" order="3600" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InterestRatesRiskMember" xlink:label="loc_brwInterestRatesRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInterestRatesRiskMember" order="3700" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_IssuerRiskMember" xlink:label="loc_brwIssuerRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwIssuerRiskMember" order="3800" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_InvestmentCompanyActRegulationsRiskMember" xlink:label="loc_brwInvestmentCompanyActRegulationsRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwInvestmentCompanyActRegulationsRiskMember" order="3900" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_LegalTaxAndRegulatoryRisksMember" xlink:label="loc_brwLegalTaxAndRegulatoryRisksMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwLegalTaxAndRegulatoryRisksMember" order="4000" />
      <link:loc xlink:type="locator" xlink:href="brw-20250703.xsd#brw_LeverageRiskMember" xlink:label="loc_brwLeverageRiskMember" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_cefAllRisksMember" xlink:to="loc_brwLeverageRiskMember" order="4100" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>fp0094187-1_01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 fp0094187-1_01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" $I JH# 2(  A$! Q$!_\0
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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M7\GF7MD@:&1NLD/ P?4J<#/H1Z&O6:EZ%!1112 **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ KY,^,?_)2M<_ZZ)_Z+6OK.ODSXQ_\
M)2M<_P"NB?\ HM:J.XF?0/P?_P"2;:'_ -<F_P#0VKYQO_\ DI5Q_P!A=O\
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M?^BUJH[B9] _!_\ Y)MH?_7)O_0VKYQO_P#DI5Q_V%V_]'5]'?!__DFVA_\
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M$'VR]?5M%',%CY7N/@UX[NY-\^EO,_\ >DO86/YEZC_X4CXU_P"@+_Y-0?\
MQ=?5E%',PL?*?_"D?&O_ $!?_)J#_P"+KWKX2Z#J?AKP3:Z?JL7D74<DA$6]
M7VJ6)'*DCN3U[UV5%)NX6/.9/@GI6I^*[_6]7GDOS<3&5+11Y<:CL&YRW3U
M]J]!M;2&QMX[>VA2"",;4CC4*JCT '2I:*0PHHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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MW8^L>185PY5>_?\ X!_/+7Z-?\$O?CU>:G'JOPMUBY>=+2$ZCHS2')2,,!-
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MC^2FO'IYY+J>2::1Y9I&+O([%F9B<DDGJ2:^T/\ @E]\)Y_$GQ9U+QU<0?\
M$M\.VS002LO#7<RE<*?]F(R9]-Z^M?7XCEPV#<6]HV_"Q\/A>;%8^,DMY7_&
MY^I5%%%?GQ^FA7X!_$>RETWXA>*+2==L]OJEU%(OHRS,#^HK]_*_'/\ ;_\
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MJ]-4:+OK=L^F_P#@FW_R=-H__8/O?_11K]?*_(/_ ()M_P#)TVC_ /8/O?\
MT4:_7RO.SC_>?DOU/4R/_=/FPHHHKPSZ$*\[^*'_ "._PA_[&F?_ -,FJ5Z)
M7G?Q0_Y'?X0_]C3/_P"F35*UI_%\G^3,:WPKU7YH]$HHHK(V"BBB@#\J/^"G
M/PKG\*?&NU\8P0$:9XGM$+RC) NH5$;J>PS&(B/7YO0U][?LG_&:W^.7P/\
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M_G/\.E_C7ZGZUT445XA] %?&G_!53_DWKP]_V--O_P"DEW7V77QI_P %5/\
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M[JQAA'![R:_#4_7[X5?\DO\ !_\ V!K/_P!$)74URWPJ_P"27^#_ /L#6?\
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MTB6"WM;= D<4:C"JJC@ #@ 5<KFG+GFY=SJIQY(*+Z(****@T"BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH *YWQ1X1_X236_"&H_:_L_P#PC^J2:EY?E[O/
MW65U:[,Y&W'VK?G!^YC'.1T5%--K5$N*DK,****104444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
C 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>fp0094187-1_02.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 fp0094187-1_02.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !9 TT# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]4Z*** "B
MBB@ KX*_:P_X*K6/[,_QMUCX<VGPVN/%-QI$-NUY?S:RMBOFS0K,$C002EE$
M<D?S$J=Q<;<*&;ZU^/WQCTO]G_X->+/B#J\?VBTT.R,Z6VYE^TSL1'!!N5'*
M>9,\<>_:0N_<> :_FL\6>*=4\<^*M9\2:W=?;=:UB]FU"^N?+6/SIY7,DC[4
M 5<LQ.%  SP * /T_P#^'YW_ %1/_P NO_[BK]*?A5\3-#^,GPX\.>-O#<_V
MC1=<LH[VWW.C/%N'S12;&91+&VZ-U#':Z,N<BOY@J_7[_@C)^T7_ ,)+X$UW
MX-:K-F_\.;]7T7Y?O6$LH^T1_+& /+N) ^YW+-]KP %BH _2JBBB@ HHHH ^
M?_VK?VUO _['W_"+?\)EI7B#4_\ A(OM7V3^PK>"79]G\G?YGFS1XSYZ8QGH
MV<<9\ _X?5_!#_H5OB!_X+K'_P"3*\J_X+G?\T3_ .XW_P"V%?E70!_31\!/
MC7H?[1/PGT+XA>&[74++1=8\_P"SP:I&D=POE3R0-O5'=1EHF(PQX(Z'@>@5
M\J_\$N/^3$_AE_W$_P#TZ7=?55 !1110 4444 %%%?B!_P %(OV^M4^/OBK5
M/AOX/N_L7PRT>]:">:UG63_A()XGP)V>,E6M@R[HD!(;"RMEMBQ 'WK\>?\
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M $*WQ _\%UC_ /)E'_#ZOX(?]"M\0/\ P76/_P F5^*U% '[4_\ #ZOX(?\
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M3_[C?_MA0!ZK_P /J_@A_P!"M\0/_!=8_P#R91_P^K^"'_0K?$#_ ,%UC_\
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M9V0Y21QRIQG(Y ->U>+/%.E^!O"NL^)-;NOL6BZ/93:A?7/EM)Y,$2&21]J
MLV%4G"@DXX!-:U?G!_P6?^/,WA7X7^&OA7IES;_:/%4S:AJZ+/&TT=E;.C0H
MT14LJRSX99 5YLW4;@7  /SK_;$_:J\1?M7_ !<U#Q!J%Y<+X8LIIK?PYI$B
M");&R+_*6C#L//D54:5]S98  [$C5?"J*^__ /@DW^R'_P +=^(__"U_$EMO
M\(>#[U?[-6.\\M[C68C%-%N11N,4*LLAR4#.T0_>*)5 !:_8^_X)+>(OB_I7
M_"3_ !:N-8^'NA&9XK?05M!#J]VH5U,C><"+51)LVAXW:15?Y44QNWZ?^ /V
M/_@E\,+;28_#OPM\+VMQI4PN;+4+G3H[N^AE$AD6074P>8LKG*L7)7"A<!0!
M[!10!D^*?">A^.="NM$\2:-I_B#1;K;]HT[5+5+FWFVL'7?&X*MAE5AD<%0>
MHKYK^-?_  3+^ GQI^RR_P#"+?\ ""7]OL7[9X*$6G>9&OF'RWA\MH#DR9+^
M7YAV(-^T;:^JJ* /YX?VN_V'/'O[(.JVDNNM;Z]X3U*:2'3O$>FJXA=@S;89
MT89AG,:B39EE(W!'D\M]OSK7]1'C_P  >'?BGX-U;PGXLTFWUSP]JL)M[RQN
M0=LBY!!!!!5E8*RNI#*RJRD$ C^<']HKX#>(OV;?BYKO@;Q%;7"O93.UA?30
M")=2LB["&[C 9AMD5<X#-L8.C'<C  'VK_P20_;$F\$>,H_@MXLU"XF\/:_-
M_P 4Y-<W4:P:7>XD=X!OP=MRQ4*JL?WVT+&3.[#]B:_EATG5K[0-5LM3TR]N
M-.U*RF2YM;RTE:*:"5&#)(CJ0596 (8$$$ BOZ2?V6/C7_PT3^S[X)^(3VOV
M*[UBR/VR!8_+1;J*1X+CRUWN1$9HI"F6+;"N[!R  >JU_-9^UC_R=/\ &3_L
M<]9_]+IJ_I3K^:S]K'_DZ?XR?]CGK/\ Z734 >55:TG5K[0-5LM3TR]N-.U*
MRF2YM;RTE:*:"5&#)(CJ0596 (8$$$ BN@^$_@7_ (6A\4_!O@W[=_9G_"1:
MU9:1]M\KS?L_VB=(O,V;EW;=^=NX9QC(ZU5\?^ /$7PL\9:MX3\6:3<:'XAT
MJ8V]Y8W(&Z-L @@@D,K*5974E65E92002 ?N1_P3F_;7_P"&JOAQ/I7BJ]T^
M/XFZ!\E];0'RWU&U 0)?B+:%7+,4D6,E5<!L1K+&@^P*_F,^"_Q>\1? 7XH>
M'_'OA62WCUW19FE@%W")89%9&CDC=>"5>-W0E2& 8E65@&']#W[,7[0NA_M0
M?!K1?'VB0_8/M>^"^TM[A)I=/NHSMDA<H?HZE@K-')&Y5=^  >JT444 ?RKU
M]5?\$N/^3[/AE_W$_P#TUW=?*M?57_!+C_D^SX9?]Q/_ --=W0!^_P!1110
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M?\6_8?['^R?V[I<%[]GW_;=_E^:C;=VQ,XQG:N>@K\UJ_53_ ((8_P#-;/\
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M[_FB?_<;_P#;"ORKK]5/^"YW_-$_^XW_ .V%?E70!^_W_!+C_DQ/X9?]Q/\
M].EW7U57RK_P2X_Y,3^&7_<3_P#3I=U]54 %%%% !1110!Y5^U/\%/\ AHG]
MGWQM\/4NOL5WK%D/L<[2>6BW44B3V_F-L<B(S11A\*6V%MN#@C^;;5M)OM U
M6]TS4[*XT[4K*9[:ZL[N)HIH)48J\;HP!5E8$%2 000:_J>KXU_;D_X)Q>'?
MVK;E?%GA^_M_!_Q%AA:.2^>W+VVKJL9$,=T%(*LK!%$ZAF6/*E) L80 _"O2
M=6OM U6RU/3+VXT[4K*9+FUO+25HIH)48,DB.I!5E8 A@000"*^]?@I_P63^
M*_@;[5!\0M)T_P")MI)O>&;,>DWD+GRPJ[X8C$T0"R':8=Y:3/F84+7S5\=/
MV-OB_P#L[7FH_P#"7^#-071;+#-XCTZ)KK2VC:8PQR&X0%8][ ;4EV2?.F44
ML ?%: /V^^&?_!8KX&^,/(@\3P^(/ 5W]B6>XFU"Q^V68G^0-!$]L9)7Y9BK
MM#&"J$G:2%/U_P"!?BQX'^*'V[_A#?&7A_Q;]AV?:_["U2"]^S[]VSS/*=MN
M[8^,XSM;'0U_,%5K2=6OM U6RU/3+VXT[4K*9+FUO+25HIH)48,DB.I!5E8
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MGX%_'3PA^T7\.-.\:^"M1^W:5=9CEAE 6XLIP 7MYT!.R5=PR,D$%64LC*Q
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M'^U!\&M:\ ZW\&?L'VO9/8ZHGB-)I=/NHSNCF0/8_5&"E6:.21 R[\CX HH
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M]CGHW_I=#0!_2G1110 5Y5^UC_R:Q\9/^Q,UG_TAFKU6O*OVL?\ DUCXR?\
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MG;*US+M<D#-LX ;G;^BGC_Q_X=^%G@W5O%GBS5K?0_#VE0FXO+ZY)VQKD
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MB@#RK_AD[X(?]$;^'_\ X2]C_P#&J/\ AD[X(?\ 1&_A_P#^$O8__&J]5HH
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MGR?$W7_GOKF >8^G6I"%+ 2[BK892\C1@*SD+F18HW(!]@4444 %>5?M8_\
M)K'QD_[$S6?_ $AFKU6O*OVL?^36/C)_V)FL_P#I#-0!_-97W_\ \$5/^3I_
M%/\ V)EU_P"EUC7P!7W_ /\ !%3_ ).G\4_]B9=?^EUC0!^U-%%% !7/^/\
MP!X=^*?@W5O"?BS2;?7/#VJPFWO+&Y!VR+D$$$$%65@K*ZD,K*K*00".@HH
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M_I=-0 ?LG?\ )T_P;_['/1O_ $NAK^E.OYK/V3O^3I_@W_V.>C?^ET-?TIT
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M ,*BQ_\ CM'_  UC\$/^BR?#_P#\*BQ_^.U_-910!_2G_P -8_!#_HLGP_\
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M$UPUG?PZ:UBWE33-,4D0S2AF$DDGS J-I0;<J6;V"B@#Y5_;G_88_P"&T?\
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MQBN=)N?&_P 4[BZMS"&U'2] TI86$IC.4ANY9'!59"/F: %E4_*A;Y?U*HH
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+ %%%% !1110!_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.25.2</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>N-2 - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="9">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 03, 2025</div></th>
<th class="th"><div>Apr. 30, 2025</div></th>
<th class="th"><div>Jan. 31, 2025</div></th>
<th class="th"><div>Oct. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Apr. 30, 2024</div></th>
<th class="th"><div>Jan. 31, 2024</div></th>
<th class="th"><div>Oct. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Apr. 30, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">0000826020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInvCompanyType', window );">Entity Inv Company Type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">N-2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_InvestmentCompanyActFileNumber', window );">Investment Company Act File Number</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">811-05410<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">N-2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentRegistrationStatement', window );">Document Registration Statement</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_InvestmentCompanyActRegistration', window );">Investment Company Act Registration</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_InvestmentCompanyRegistrationAmendment', window );">Investment Company Registration Amendment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Saba Capital Income & Opportunities Fund<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">405 Lexington Avenue<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">58th Floor<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">New York<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">NY<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">10174<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">212<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">542-4644<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_ApproximateDateOfCommencementOfProposedSaleToThePublic', window );">Approximate Date of Commencement of Proposed Sale to Public</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">From time to time after the effective date of this Registration Statement.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DividendOrInterestReinvestmentPlanOnly', window );">Dividend or Interest Reinvestment Plan Only</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DelayedOrContinuousOffering', window );">Delayed or Continuous Offering</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_PrimaryShelfFlag', window );">Primary Shelf [Flag]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EffectiveUponFiling462e', window );">Effective Upon Filing, 462(e)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AdditionalSecuritiesEffective413b', window );">Additional Securities Effective, 413(b)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EffectiveWhenDeclaredSection8c', window );">Effective when Declared, Section 8(c)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_NewEffectiveDateForPreviousFiling', window );">New Effective Date for Previous Filing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AdditionalSecurities462b', window );">Additional Securities. 462(b)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_NoSubstantiveChanges462c', window );">No Substantive Changes, 462(c)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_ExhibitsOnly462d', window );">Exhibits Only, 462(d)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RegisteredClosedEndFundFlag', window );">Registered Closed-End Fund [Flag]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_BusinessDevelopmentCompanyFlag', window );">Business Development Company [Flag]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_IntervalFundFlag', window );">Interval Fund [Flag]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_PrimaryShelfQualifiedFlag', window );">Primary Shelf Qualified [Flag]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity Well-known Seasoned Issuer</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">No<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_NewCefOrBdcRegistrantFlag', window );">New CEF or BDC Registrant [Flag]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_FeeTableAbstract', window );"><strong>Fee Table [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_ShareholderTransactionExpensesTableTextBlock', window );">Shareholder Transaction Expenses [Table Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p id="xdx_A86_ecef--ShareholderTransactionExpensesTableTextBlock_gRBSTETTB-KTT_zxjwbkrffNQ9" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 87%"><b>Shareholder Transaction Expenses</b></td>
    <td style="width: 13%; text-align: right">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-left: 10pt">Sales load paid by you (<span id="xdx_90E_ecef--BasisOfTransactionFeesNoteTextBlock_c20250703__20250703_zMWvhjoBnjO1">as a percentage of offering price</span>)<sup>(1)</sup></td>
    <td style="text-align: right">[<span id="xdx_903_ecef--SalesLoadPercent_dp_c20250703__20250703_fKDEp_zlLBayD11pC9">3.00%</span>]</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Offering expenses borne by the Fund (as a percentage of offering price)<sup>(1)</sup></td>
    <td style="text-align: right"><span id="xdx_901_ecef--OtherTransactionExpensesPercent_dpn_c20250703__20250703_fKDEp_zDdIlQjck5C9">None</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-left: 10pt">Reinvestment Program fees</td>
    <td style="text-align: right"><span id="xdx_90C_ecef--OtherTransactionExpense1Percent_c20250703__20250703_fKDIp_zUCbQoCNUfmd">0.01%</span><sup>(2)</sup></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Reinvestment Program sale transaction fee</td>
    <td style="text-align: right"><span id="xdx_90B_ecef--OtherTransactionExpense2Percent_dp_c20250703__20250703_fKDIp_zW70N6XpvCZj">3</span> cents per share<sup>(2)</sup></td></tr>
</table>
<div>
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F09_z8wV4MDNJktk" style="width: 27pt">(1)</td><td id="xdx_F18_zz7mRVFvJIb5" style="text-align: justify">If the common shares are sold to or through underwriters, the Prospectus Supplement will set forth any
applicable sales load and the estimated offering expenses. Fund shareholders will pay all offering expenses involved with an offering.</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0B_zqUPEs1gtJdb" style="width: 27pt">(2)</td><td id="xdx_F14_zWaZFpYa5Xm3" style="text-align: justify">The Program Administrator&#8217;s (as defined below under &#8220;Reinvestment Program&#8221;) fees for
the handling of the reinvestment of dividends will be paid by the Fund. However, you will pay a 3 cents per share fee incurred in connection
with open-market purchases, which will be deducted from the value of the dividend. You will not be charged a sales fee if you direct the
Program Administrator to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage
commissions the Program Administrator is required to pay..</td></tr></table></div><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_SalesLoadPercent', window );">Sales Load [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OtherTransactionExpensesAbstract', window );"><strong>Other Transaction Expenses [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OtherTransactionExpense1Percent', window );">Other Transaction Expense 1 [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.01%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OtherTransactionExpense2Percent', window );">Other Transaction Expense 2 [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OtherTransactionExpensesPercent', window );">Other Transaction Expenses [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_AnnualExpensesTableTextBlock', window );">Annual Expenses [Table Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p id="xdx_A84_ecef--AnnualExpensesTableTextBlock_gRBAETTB-WDDC_zlB8o2KIkFkf" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="width: 87%"><b>Estimated Annual Expenses</b> (as a percentage of net assets attributable to common shares)</td>
    <td style="text-align: right; width: 13%">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Management Fees<sup>(3)(4)</sup></td>
    <td style="text-align: right"><span id="xdx_90A_ecef--ManagementFeesPercent_dp_c20250703__20250703_fKDMpKDQp_zqkN20NWZree">1.05%</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-left: 10pt">Interest Payments on Borrowed Funds<sup>(5)</sup></td>
    <td style="text-align: right"><span id="xdx_909_ecef--InterestExpensesOnBorrowingsPercent_dp_c20250703__20250703_fKDUp_zeU7X6wEdjth">3.79%</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Other Expenses</td>
    <td style="text-align: right"><span id="xdx_90C_ecef--OtherAnnualExpensesPercent_dp_c20250703__20250703_zUV4vUxgoWj9">1.04%</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-left: 10pt">Acquired Fund Fees and Expenses</td>
    <td style="text-align: right"><span id="xdx_908_ecef--AcquiredFundFeesAndExpensesPercent_dp_c20250703__20250703_zjP4w7Fl6bJg">1.05%</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">Total Annual Expenses</td>
    <td style="text-align: right"><span id="xdx_902_ecef--TotalAnnualExpensesPercent_dp_c20250703__20250703_zkss29JktcG1">6.93%</span></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-bottom: 1pt; padding-left: 10pt">Fee Waivers and/or Expense Reimbursements<sup>(4)</sup></td>
    <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_905_ecef--WaiversAndReimbursementsOfFeesPercent_dp_c20250703__20250703_zrIZQBc5juK">-0.38%</span></td></tr>
  <tr style="vertical-align: top; background-color: White">
    <td style="padding-left: 10pt">&#160;</td>
    <td style="text-align: right">&#160;</td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td style="padding-bottom: 2.5pt; padding-left: 10pt">Total Annual Expenses after Fee Waivers and/or Expense Reimbursements<sup>(4)</sup></td>
    <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="text-decoration-style: double"><span id="xdx_907_ecef--NetExpenseOverAssetsPercent_iT_dp_c20250703__20250703_fKDQp_zcymTrybotMh">6.55%</span></span></td></tr>
  </table>
<div>
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0C_zyvyIewsOCQd" style="width: 27pt">(3)</td><td id="xdx_F1B_z8bs4q74JJW8" style="text-align: justify">The Fund currently pays the Adviser a monthly fee at an annual contractual investment management fee rate
of 1.05% of the average daily value of the Fund&#8217;s Managed Assets. For purposes of calculating these fees, &#8220;Managed Assets&#8221;
means the Fund&#8217;s average daily gross asset value, minus the sum of the Fund&#8217;s accrued and unpaid dividends on any outstanding
preferred shares and accrued liabilities (other than liabilities for the principal amount of any borrowings incurred, commercial paper
or notes issued by the Fund and the liquidation preference of any outstanding preferred shares).</td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: -27pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F01_z9qRwKzhkBu" style="width: 27pt">(4)</td><td id="xdx_F1E_zyUhlaGjwORe" style="text-align: justify">The Fund and the Adviser have entered into an expense limitation agreement (the &#8220;Expense Limitation
Agreement&#8221;), pursuant to which the Adviser has contractually agreed to limit expenses, excluding interest, taxes, investor relations
services, other investment-related costs, leverage expenses, extraordinary expenses, other expenses not incurred in the ordinary course
of the Fund&#8217;s business, and expenses of counsel or other persons or services retained by the Fund&#8217;s trustees who are not interested
persons, to 1.05% of Managed Assets plus 0.30% of average daily net assets. For the year ended October 31, 2024, $982,139 of fees were
waived and reimbursed. The Adviser may, at a later date, recoup from the Fund the fees waived and/or other expenses reimbursed by the
Adviser during the previous 36 months, but only if, after such recoupment, the Fund&#8217;s expense ratio does not exceed the percentage
described above. For the year ended October 31, 2024, none of the fees were recouped. The current Expense Limitation Agreement will expire
on July 1, 2025 and automatically renews for one-year terms. Termination or modification of the Expense Limitation Agreement requires
approval of the Board.</td></tr></table></div><div>
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0E_zVZYtobtNiv4" style="width: 27pt">(5)</td><td id="xdx_F10_zlxWw0l2fI42" style="text-align: justify">The Fund has entered into a $125 million Credit Facility with TD Bank effective on July 20, 2021 (the
&#8220;Facility&#8221;) which matures on January 20, 2026. As of April 30, 2025, the Fund had $45 million outstanding drawn under the
Facility.</td></tr></table></div><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_ManagementFeesPercent', window );">Management Fees [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3],[4]</sup></td>
<td class="nump">1.05%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_InterestExpensesOnBorrowingsPercent', window );">Interest Expenses on Borrowings [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="nump">3.79%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_AcquiredFundFeesAndExpensesPercent', window );">Acquired Fund Fees and Expenses [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1.05%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OtherAnnualExpensesAbstract', window );"><strong>Other Annual Expenses [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OtherAnnualExpensesPercent', window );">Other Annual Expenses [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1.04%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_TotalAnnualExpensesPercent', window );">Total Annual Expenses [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6.93%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_WaiversAndReimbursementsOfFeesPercent', window );">Waivers and Reimbursements of Fees [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(0.38%)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_NetExpenseOverAssetsPercent', window );">Net Expense over Assets [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">6.55%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_ExpenseExampleTableTextBlock', window );">Expense Example [Table Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p id="xdx_A85_ecef--ExpenseExampleTableTextBlock_zUP4ABn8l852" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The following example illustrates the expenses, assuming a sales
load of 3.00% that you would pay on a $1,000 investment in common shares, assuming (i) total net annual expenses of 6.55% of net assets
attributable to common shares, and (ii) a 5% annual return:</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 40%; text-align: center">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"><b>One Year</b></td>
    <td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"><b>Three Years</b></td>
    <td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"><b>Five Years</b></td>
    <td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"><b>Ten Years</b></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td>Total expenses incurred</td>
    <td style="text-align: right">$<span id="xdx_900_ecef--ExpenseExampleYear01_c20250703__20250703_zwllX4AS8NKb">93</span></td>
    <td style="text-align: right">$<span id="xdx_907_ecef--ExpenseExampleYears1to3_c20250703__20250703_zvmO8yTojsoe">223</span></td>
    <td style="text-align: right">$<span id="xdx_901_ecef--ExpenseExampleYears1to5_c20250703__20250703_zAdnadPawho4">348</span></td>
    <td style="text-align: right">$<span id="xdx_90C_ecef--ExpenseExampleYears1to10_c20250703__20250703_zd2J2rw75Itd">641</span></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>The example should not be considered a representation
of future expenses. The example assumes that the estimated &#8220;Other Expenses&#8221; set forth in the Estimated Annual Expenses table
are accurate and that all dividends and distributions are reinvested at NAV. Actual expenses may be greater or less than those assumed.
Moreover, the Fund&#8217;s actual rate of return may be greater or less than the hypothetical 5% return shown in the example.</b></p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_ExpenseExampleYear01', window );">Expense Example, Year 01</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 93<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_ExpenseExampleYears1to3', window );">Expense Example, Years 1 to 3</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">223<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_ExpenseExampleYears1to5', window );">Expense Example, Years 1 to 5</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">348<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_ExpenseExampleYears1to10', window );">Expense Example, Years 1 to 10</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 641<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_BasisOfTransactionFeesNoteTextBlock', window );">Basis of Transaction Fees, Note [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">as a percentage of offering price<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_InvestmentObjectivesAndPracticesTextBlock', window );">Investment Objectives and Practices [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p id="xdx_A8D_ecef--InvestmentObjectivesAndPracticesTextBlock_zYCh1IdOmp83" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">THE FUND&#8217;S
INVESTMENTS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Investment Objectives and Policies </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s investment objective is to seek
to provide shareholders with a high level of current income, with a secondary goal of capital appreciation. The investment objective is
a non-fundamental policy that may be changed by the Board without shareholder approval upon 60 days&#8217; prior written notice to shareholders.
In pursuing its objectives, the Fund may invest in debt and equity securities of public and private companies, which include, among other
things, investment in closed-end funds, special purpose acquisition companies (SPACs), reinsurance and public and private debt instruments.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s investments may be in issuers
located both in the U.S. and outside the U.S. The Fund may invest, without limit, in issuers located in emerging market countries. The
Fund may invest, without limit, in debt/fixed income instruments and convertible securities that, at the time of purchase, are rated below
investment grade or are unrated but determined to be of comparable quality (commonly referred to as &#8220;high yield&#8221; investments
or &#8220;junk&#8221; bonds). The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted
average maturity. A bond is issued with a specific maturity date, which is the date when the issuer must pay back the bond&#8217;s principal
(face value). Bond maturities range from less than 1 year to more than 30 years. Typically, the longer a bond&#8217;s maturity, the more
price risk the Fund and the Fund&#8217;s investors face as interest rates rise, but the Fund could receive a higher yield in return for
that longer maturity and higher interest rate risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may also utilize derivatives, including,
but not limited to, total return swaps, credit default swaps, and options and futures, in seeking to enhance returns and/or to reduce
portfolio risk. In pursuit of the Fund&#8217;s objectives, the Fund may invest on an opportunistic basis in private funds that pursue
a variety of investment strategies.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in a wide array of securities
and instruments in pursuit of its objective. Specifically, the Fund may invest in the following instruments and use the following investment
techniques, subject to any limitations set forth herein. There is no guarantee the Fund will buy all of the types of securities or use
all of the investment techniques that are described herein and in the SAI.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Closed-End Funds</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund invests its assets in U.S. and non-U.S.
&#8220;closed-end&#8221; investment companies (or &#8220;closed-end funds&#8221;) and, at times, to a significant degree. U.S. closed-end
funds are registered investment companies that, unlike open-end funds, do not typically issue redeemable shares. Instead, a fixed number
of shares trade on a secondary market, such as a securities exchange. The Fund may invest in closed-ends funds that are domiciled outside
of the U.S. or whose securities are traded on a non-U.S. exchange. Such securities are typically listed for trading on the NYSE or NASDAQ
and, in some cases, may be traded in other over-the-counter markets or on foreign exchanges.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund invests in closed-end funds that pursue
a variety of strategies, including closed-end funds that invest in dividend and other income-producing securities (e.g., equity securities)
and closed-end funds that invest in debt and loans, including high yield or non-investment grade securities (commonly referred to as &#8220;junk
bonds&#8221;). The closed-ends funds have the flexibility to invest in a broad range of securities. The closed-end funds may invest in
securities with a range of maturities from short- to long-term. Substantially all of the closed-end funds&#8217; assets may be invested
in lower-rated securities, which may include securities having the lowest rating for non-subordinated debt instruments (i.e., rated C
by Moody&#8217;s Investors Service or CCC+ or lower by Standard &amp; Poor&#8217;s Ratings Services and Fitch Ratings) and unrated securities
of equivalent investment quality. The Fund&#8217;s closed-end fund investments may also invest in equity securities, municipal securities
(including through depositary receipts or other securities convertible into securities of foreign issuers), mortgage-related and other
asset-backed securities, real estate investment trusts (&#8220;REITs&#8221;), loan participations, inflation-protected securities, structured
securities, variable, floating, and inverse floating rate instruments and preferred stock, and may use other investment techniques, including
investments in derivative instruments. The closed-end funds may also make short sales of securities or maintain a short position.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund generally will purchase shares of closed-end
funds in the secondary market. The Fund will incur normal brokerage costs on such purchases similar to the expenses the Fund would incur
for the purchase of securities of any other type of issuer in the secondary market. The Fund may, however, also purchase securities of
a closed-end fund in an initial public offering or other offering, when, in the opinion of the Adviser, based on a consideration of the
nature of the closed-end fund&#8217;s proposed investments, the prevailing market conditions and the level of demand for such securities,
they represent an attractive opportunity for growth of capital. The offering price typically can include a dealer spread, which may be
higher than the applicable brokerage cost if the Fund purchased such securities in the secondary market. In seeking to maximize value,
the Fund may also invest in closed-ends funds that are, or the Adviser believes may become, the subject of an activist campaign by a shareholder,
such as a proxy contest, whose aim is to eliminate or reduce the discount to the closed-end fund&#8217;s NAV. Such activism may be initiated
by the Adviser (on behalf of its other clients) or by third parties.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Special Purpose Acquisition Companies </i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A SPAC is typically a publicly traded company
that raises investment capital via an IPO for the purpose of acquiring one or more existing companies (or interests therein) via merger,
combination, acquisition or other similar transactions (each a &#8220;SPAC Transaction&#8221;). The shares of a SPAC are issued in &#8220;units&#8221;
that typically include one share of common stock and one warrant (or partial warrant) conveying the right to purchase additional shares.
Within 52 days after the closing of the IPO, the shares of common stock and the warrants comprising the units will begin to trade separately
and become freely tradeable. After going public, and until a SPAC Transaction is completed, a SPAC generally invests the proceeds of its
IPO (less a portion retained to cover expenses) in U.S. Government securities, money market securities and/or cash. If a SPAC does not
complete a SPAC Transaction within a specified period of time after going public, the SPA<i>C </i>is typically dissolved, at which point
the invested funds are returned to the SPAC&#8217;s shareholders (less certain permitted expenses) and any warrants issued by the SPAC
expire worthless. In some cases, the Fund will forfeit its right to exercise its warrants to receive additional shares even if a SPAC
Transaction occurs if the Fund holding the warrant elects to redeem its shares of common stock and not participate in the SPAC Transaction.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Debt and other Fixed Income Investments
</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Corporate Bonds.</i> Corporate bonds are debt
obligations issued by corporations. Corporate bonds may be either secured or unsecured. Collateral used for secured debt includes real
property, machinery, equipment, accounts receivable, stocks, bonds or notes. If a bond is unsecured, it is known as a debenture. Bondholders,
as creditors, have a prior legal claim over common and preferred stockholders as to both income and assets of the corporation for the
principal and interest due them and may have a prior claim over other creditors if liens or mortgages are involved. Interest on corporate
bonds may be fixed or floating, or the bonds may be zero coupons. Interest on corporate bonds is typically paid semi-annually and is fully
taxable to the bondholder. Corporate bonds contain elements of both interest rate risk and credit risk. The market value of a corporate
bond generally may be expected to rise and fall inversely with interest rates and may also be affected by the credit rating of the corporation,
the corporation&#8217;s performance and perceptions of the corporation in the marketplace. Corporate bonds usually yield more than government
or agency bonds due to the presence of credit risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Private Credit</i>. The Fund may also invest
in debt securities issued by private companies. Generally, very little public information exists about these private companies, and the
Fund will rely on the ability of the Adviser to obtain adequate information to evaluate the potential returns from investing in these
companies. Private companies may have limited financial resources and may be unable to meet their obligations under their debt securities
that the Fund holds. The Fund may invest in senior secured first lien term loans and senior secured second lien term loans issued by private
companies. Additionally, the Fund may invest in debt securities issued by private companies that may be secured on a second priority basis
by the same collateral securing senior secured debt of such companies. The Fund may also investment in private investment funds that invest
in private debt and credit assets. In general, these interests are subject to underlying lock-ups, are not freely transferrable and/or
have substantial transfer restrictions and no active trading market but may have certain rights as to redemption.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Senior Loans. </i>The Fund may invest in senior
secured floating rate and fixed rate loans or debt. Senior loans primarily include senior floating rate loans, first and second lien loans,
and secondarily senior floating rate debt obligations (including those issued by an asset-backed pool), and interests therein. Senior
loan interests may take the form of direct interests acquired during a primary distribution and also may take the form of assignments
of, novations of, or participations in, a bank loan acquired in secondary markets. A senior loan typically is originated, negotiated,
and structured by a U.S. or foreign commercial bank, insurance company, finance company, or other financial institution (collectively,
the &#8220;Agent&#8221;) for a group of loan investors. The Agent typically administers and enforces the senior loan on behalf of the
other loan investors in the syndicate. In addition, an institution, typically but not always the Agent, holds any collateral on behalf
of the loan investors. Purchasers of senior loans and other forms of indebtedness depend primarily on the creditworthiness of the corporate
or other borrower for payment of principal and interest.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Senior loans typically have a stated term of between
five and nine years and have rates of interest that typically are redetermined daily, monthly, quarterly or semi-annually. Longer interest
rate reset periods generally increase fluctuations in the Fund&#8217;s NAV as a result of changes in market interest rates. The Fund is
not subject to any restrictions with respect to the maturity of senior loans held in its portfolio. As a result, as short-term interest
rates increase, interest payable to the Fund from its investments in senior loans should increase, and as short-term interest rates decrease,
interest payable to the Fund from its investments in senior loans should decrease. Because of prepayments, the Adviser expects the average
life of the senior loans in which the Fund invests to be shorter than the stated maturity.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may purchase senior loans on a direct
assignment basis. If the Fund purchases a senior loan on direct assignment, it typically succeeds to all the rights and obligations under
the loan agreement of the assigning lender and becomes a lender under the loan agreement with the same rights and obligations as the assigning
lender. The Fund may also purchase, without limitation, participations in senior loans. The participation by the Fund in a lender&#8217;s
portion of a senior loan typically will result in the Fund having a contractual relationship only with such lender, not with the borrower.
As a result, the Fund may have the right to receive payments of principal, interest and any fees to which it is entitled only from the
lender selling the participation and only upon receipt by such lender of payments from the borrower. Such indebtedness may be secured
or unsecured. Loan participations typically represent direct participations in a loan to a borrower and generally are offered by banks
or other financial institutions or lending syndicates. The Fund may participate in such syndications, or can buy part of a loan, becoming
a part lender.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Convertible Securities. </i>A convertible security
is a bond, debenture, note, preferred stock or other security that may be converted into or exchanged for a prescribed amount of common
stock or other equity security of the same or a different issuer within a particular period of time at a specified price or formula. A
convertible security entitles the holder to receive interest paid or accrued on debt or the dividend paid on preferred stock until the
convertible security matures or is redeemed, converted or exchanged. Before conversion, convertible securities have characteristics similar
to nonconvertible income securities in that they ordinarily provide a stable stream of income with generally higher yields than those
of common stocks of the same or similar issuers, but lower yields than comparable nonconvertible securities. The value of a convertible
security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest
rates decline. The credit standing of the issuer and other factors also may have an effect on the convertible security&#8217;s investment
value. Convertible securities rank senior to common stock in a corporation&#8217;s capital structure but are usually subordinated to comparable
nonconvertible securities. Convertible securities may be subject to redemption at the option of the issuer at a price established in the
convertible security&#8217;s governing instrument.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &#8220;synthetic&#8221; or &#8220;manufactured&#8221;
convertible security may be created by the Fund or by a third party by combining separate securities that possess the two principal characteristics
of a traditional convertible security: an income producing component and a convertible component. The income-producing component is achieved
by investing in non-convertible, income-producing securities such as bonds, preferred stocks and money market instruments. The convertible
component is achieved by investing in securities or instruments such as warrants or options to buy common stock at a certain exercise
price, or options on a stock index. Unlike a traditional convertible security, which is a single security having a single market value,
a synthetic convertible comprises two or more separate securities, each with its own market value. Because the &#8220;market value&#8221;
of a synthetic convertible security is the sum of the values of its income-producing component and its convertible component, the value
of a synthetic convertible security may respond differently to market fluctuations than a traditional convertible security. The Fund also
may purchase synthetic convertible securities created by other parties, including convertible structured notes. Convertible structured
notes are income-producing debentures linked to equity. Convertible structured notes have the attributes of a convertible security; however,
the issuer of the convertible note (typically an investment bank), rather than the issuer of the underlying common stock into which the
note is convertible, assumes credit risk associated with the underlying investment and the Fund in turn assumes credit risk associated
with the issuer of the convertible note.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Asset-Backed Securities. </i>Asset-backed securities
(&#8220;ABS&#8221;) are a form of structured debt obligation. ABS are bonds backed by pools of loans or other receivables. The collateral
for these securities may include home equity loans, automobile and credit card receivables, boat loans, computer leases, airplane leases,
mobile home loans, recreational vehicle loans and hospital account receivables. The Fund may invest in these and other types of ABS that
may be developed in the future. These securities may provide the Fund with a less effective security interest in the related collateral
than do mortgage related securities. Therefore, there is the possibility that recoveries on the underlying collateral may not, in some
cases, be available to support payments on these securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Collateralized Loan Obligations. </i>A Collateralized
Loan Obligation (&#8220;CLO&#8221;) is a structured debt security, issued by a financing company (generally called a special purpose vehicle
or &#8220;SPV&#8221;), that was created to reapportion the risk and return characteristics of a pool of bank loans. Investors in CLOs
bear the credit risk of the underlying collateral. The bank loans are used as collateral supporting the various debt tranches issued by
the SPV. Multiple tranches of securities are issued by the CLO, offering investors various maturity and credit risk characteristics. Tranches
are categorized as senior, mezzanine, or subordinated/equity, according to their degree of risk. The key feature of the CLO structure
is the prioritization of the cash flows from a pool of debt securities among the several classes of the CLO. If there are defaults or
the CLO&#8217;s collateral otherwise underperforms, scheduled payments to senior tranches take precedence over those of mezzanine tranches,
and scheduled payments to mezzanine tranches take precedence over those to subordinated/equity tranches. The Fund may invest in the equity
or residual portion of the capital structure of CLOs. The SPV is a company founded solely for the purpose of securitizing payment claims.
On this basis, marketable securities are issued which, due to the diversification of the underlying risk, generally represent a lower
level of risk than the original assets. The redemption of the securities issued by the SPV takes place at maturity out of the cash flow
generated by the collected claims. The vast majority of CLOs are actively managed by an independent investment manager.&#160;&#160;</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>High-Yield Securities</i>. High-yield, or low
and below investment grade securities (below investment grade securities are also known as &#8220;junk bonds&#8221;) are debt securities
with the lowest investment grade rating (e.g., BBB by S&amp;P and Fitch or Baa by Moody&#8217;s), that are below investment grade (e.g.,
lower than BBB by S&amp;P and Fitch or Baa by Moody&#8217;s) or that are unrated but determined by the Fund&#8217;s portfolio managers
to be of comparable quality. These types of securities may be issued to fund corporate transactions or restructurings, such as leveraged
buyouts, mergers, acquisitions, debt reclassifications or similar events. High-yield securities may be more speculative in nature than
securities with higher ratings and tend to be more sensitive to credit risk, particularly during a downturn in the economy. These types
of securities may be issued by unseasoned companies without long track records of sales and earnings, or by companies or municipalities
that have questionable credit strength. High-yield securities and comparable unrated securities: (i) likely will have some quality and
protective characteristics that, in the judgment of one or more Nationally Recognized Statistical Rating Organizations, are outweighed
by large uncertainties or major risk exposures to adverse conditions; (ii) are speculative with respect to the issuer&#8217;s capacity
to pay interest and repay principal in accordance with the terms of the obligation; and (iii) may have a less liquid secondary market,
potentially making it difficult to value or sell such securities. Credit ratings issued by credit rating agencies are designed to evaluate
the safety of principal and interest payments of rated securities. They do not, however, evaluate the market value risk of lower-quality
securities and, therefore, may not fully reflect the true risks of an investment. In addition, credit rating agencies may or may not make
timely changes in a rating to reflect changes in the economy or in the condition of the issuer that affect the market value of the securities.
Consequently, credit ratings are used only as a preliminary indicator of investment quality. High-yield securities may be structured as
fixed-, variable- or floating-rate obligations or as zero- coupon, pay-in-kind and step-coupon securities and may be privately placed
or publicly offered.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The rates of return on these types of securities
generally are higher than the rates of return available on more highly rated securities, but generally involve greater volatility of price
and risk of loss of principal and income, including the possibility of default by or insolvency of the issuers of such securities. Accordingly,
the Fund may be more dependent on the Adviser&#8217;s credit analysis with respect to these types of securities than is the case for more
highly rated securities.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The market values of certain high-yield securities
and comparable unrated securities tend to be more sensitive to individual corporate developments and changes in economic conditions than
are the market values of more highly rated securities. In addition, issuers of high-yield and comparable unrated securities often are
highly leveraged and may not have more traditional methods of financing available to them, so that their ability to service their debt
obligations during an economic downturn or during sustained periods of rising interest rates may be impaired.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The risk of loss due to default is greater for
high-yield and comparable unrated securities than it is for higher rated securities because high-yield securities and comparable unrated
securities generally are unsecured and frequently are subordinated to more senior indebtedness. The Fund may incur additional expenses
to the extent that it is required to seek recovery upon a default in the payment of principal or interest on its holdings of such securities.
The existence of limited markets for lower-rated debt securities may diminish the Fund&#8217;s ability to: (i) obtain accurate market
quotations for purposes of valuing such securities and calculating portfolio net asset value; and (ii) sell the securities at fair market
value either to meet redemption requests or to respond to changes in the economy or in financial markets.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Many lower-rated securities are not registered
for offer and sale to the public under the Securities Act. Investments in these restricted securities may be determined by the Adviser
to be liquid (able to be sold or disposed of in current market conditions in seven days or less without the sales or dispositions significantly
changing the market value of the investment).</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Mortgage Related Derivative Instruments</i>.
The Fund may invest in MBS credit default swaps. MBS credit default swaps include swaps the reference obligation for which is an MBS or
related index, such as the CMBX Index (a tradeable index referencing a basket of CMBS), the TRX Index (a tradeable index referencing total
return swaps based on CMBS) or the ABX Index (a tradeable index referencing a basket of sub-prime MBS). The Fund may engage in other derivative
transactions related to MBS, including purchasing and selling exchange-listed and over-the-counter put and call options, futures and forwards
on mortgages and MBS. The Fund may invest in newly developed mortgage related derivatives that may hereafter become available.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Other Mortgage Related Securities</i>. Other
mortgage related securities include securities other than those described above that directly or indirectly represent a participation
in, or are secured by and payable from, mortgage loans on real property. Other mortgage related securities may be equity or debt securities
issued by agencies or instrumentalities of the U.S. Government or by private originators of, or investors in, mortgage loans, including
savings and loan associations, homebuilders, mortgage banks, commercial banks, investment banks, partnerships, trusts and special purpose
entities of the foregoing.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>U.S. Government Debt Securities. </i>The Fund
may invest in debt securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, including U.S. Treasury
obligations, which differ in their interest rates, maturities and times of issuance. Such obligations include U.S. Treasury bills (maturity
of one year or less), U.S. Treasury notes (maturity of one to ten years) and U.S. Treasury bonds (generally maturities of greater than
ten years), including the principal components or the interest components issued by the U.S. Government under the separate trading of
registered interest and principal securities program (i.e., &#8220;STRIPS&#8221;), all of which are backed by the full faith and credit
of the United States.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Preferred Securities.</i> The Fund may invest
in preferred securities. There are two basic types of preferred securities. The first type, sometimes referred to as traditional preferred
securities, consists of preferred stock issued by an entity taxable as a corporation. The second type, sometimes referred to as trust
preferred securities, are usually issued by a trust or limited partnership and represent preferred interests in deeply subordinated debt
instruments issued by the corporation for whose benefit the trust or partnership was established.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="text-decoration: underline">Traditional Preferred Securities</span>.
Traditional preferred securities generally pay fixed or adjustable rate dividends to investors and generally have a &#8220;preference&#8221;
over common stock in the payment of dividends and the liquidation of a company&#8217;s assets. This means that a company must pay dividends
on preferred stock before paying any dividends on its common stock. In order to be payable, distributions on such preferred securities
must be declared by the issuer&#8217;s board of directors. Income payments on typical preferred securities currently outstanding are cumulative,
causing dividends and distributions to accumulate even if not declared by the board of directors or otherwise made payable. In such a
case all accumulated dividends must be paid before any dividend on the common stock can be paid. However, some traditional preferred stocks
are non-cumulative, in which case dividends do not accumulate and need not ever be paid. A portion of the portfolio may include investments
in non-cumulative preferred securities, whereby the issuer does not have an obligation to make up any arrearages to its shareholders.
Should an issuer of a non-cumulative preferred stock held by the Fund determine not to pay dividends on such stock, the amount of dividends
the Fund pays may be adversely affected. There is no assurance that dividends or distributions on the traditional preferred securities
in which the Fund invests will be declared or otherwise made payable.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Preferred stockholders usually
have no right to vote for corporate directors or on other matters. Shares of traditional preferred securities have a liquidation value
that generally equals the original purchase price at the date of issuance. The market value of preferred securities may be affected by
favorable and unfavorable changes impacting companies in the utilities and financial services sectors, which are prominent issuers of
preferred securities, and by actual and anticipated changes in tax laws, such as changes in corporate income tax rates or the &#8220;Dividends
Received Deduction.&#8221; Because the claim on an issuer&#8217;s earnings represented by traditional preferred securities may become
onerous when interest rates fall below the rate payable on such securities, the issuer may redeem the securities. Thus, in declining interest
rate environments in particular, the Fund&#8217;s holdings, if any, of higher rate-paying fixed rate preferred securities may be reduced
and the Fund may be unable to acquire securities of comparable credit quality paying comparable rates with the redemption proceeds.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="text-decoration: underline">Trust Preferred Securities</span>.
Trust preferred securities are a comparatively new asset class. Trust preferred securities are typically issued by corporations, generally
in the form of interest-bearing notes with preferred security characteristics, or by an affiliated business trust of a corporation, generally
in the form of beneficial interests in subordinated debentures or similarly structured securities. The trust preferred securities market
consists of both fixed and adjustable coupon rate securities that are either perpetual in nature or have stated maturity dates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Trust preferred securities
are typically junior and fully subordinated liabilities of an issuer or the beneficiary of a guarantee that is junior and fully subordinated
to the other liabilities of the guarantor. In addition, trust preferred securities typically permit an issuer to defer the payment of
income for eighteen months or more without triggering an event of default. Generally, the deferral period is five years or more. Because
of their subordinated position in the capital structure of an issuer, the ability to defer payments for extended periods of time without
default consequences to the issuer, and certain other features (such as restrictions on common dividend payments by the issuer or ultimate
guarantor when full cumulative payments on the trust preferred securities have not been made), these trust preferred securities are often
treated as close substitutes for traditional preferred securities, both by issuers and investors. Trust preferred securities have many
of the key characteristics of equity due to their subordinated position in an issuer&#8217;s capital structure and because their quality
and value are heavily dependent on the profitability of the issuer rather than on any legal claims to specific assets or cash flows.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Municipal Securities. </i>The Fund may invest
in municipal securities, which include debt obligations issued to obtain funds for various public purposes, including the construction
of a wide range of public facilities, refunding of outstanding obligations and obtaining funds for general operating expenses and loans
to other public institutions and facilities. In addition, certain types of private activity bonds (&#8220;PABs&#8221;) (or industrial
development bonds, under pre-1986 law) are issued by or on behalf of public authorities to finance various privately owned or operated
facilities, including among other things, airports, public ports, mass commuting facilities, multi-family housing projects, as well as
facilities for water supply, gas, electricity, sewage or solid waste disposal and other specialized facilities. Other types of PABs, the
proceeds of which are used for the construction, equipment or improvement of privately operated industrial or commercial facilities, may
constitute municipal securities. The interest on municipal securities may bear a fixed rate or be payable at a variable or floating rate.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Distressed and Defaulted Securities. </i>The
Fund may invest in the securities of financially distressed and bankrupt issuers, including debt obligations that are in covenant or payment
default. Such investments generally trade significantly below par and are considered speculative. The repayment of defaulted obligations
is subject to significant uncertainties. Defaulted obligations might be repaid only after lengthy workout or bankruptcy proceedings, during
which the issuer might not make any interest or other payments. Typically such workout or bankruptcy proceedings result in only partial
recovery of cash payments or an exchange of the defaulted obligation for other debt or equity securities of the issuer or its affiliates,
which may in turn be illiquid or speculative.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Credit Default Swaps.</i> The Fund may enter
into credit default swap agreements for hedging purposes or to seek to increase income or gain. The credit default swap agreement may
have as reference obligations one or more securities that are not currently held by the Fund. The protection &#8220;buyer&#8221; in a
credit default contract may be obligated to pay the protection &#8220;seller&#8221; an upfront or a periodic stream of payments over the
term of the contract, provided that no credit event on the reference obligation occurs. If a credit event occurs, the seller generally
must pay the buyer the &#8220;par value&#8221; (full notional amount) of the swap in exchange for an equal face amount of deliverable
obligations of the reference entity described in the swap, or if the swap is cash settled the seller may be required to deliver the related
net cash amount (the difference between the market value of the reference obligation and its par value). The Fund may be either the buyer
or seller in the transaction. If the Fund is a buyer and no credit event occurs, the Fund will generally receive no payments from its
counterparty under the swap if the swap is held through its termination date. However, if a credit event occurs, the buyer generally may
elect to receive the full notional amount of the swap in exchange for an equal face amount of deliverable obligations of the reference
entity, the value of which may have significantly decreased. As a seller, the Fund generally receives an upfront payment or a fixed rate
of income throughout the term of the swap, which typically is between six months and three years, provided that there is no credit event.
If a credit event occurs, generally the seller must pay the buyer the full notional amount of the swap in exchange for an equal face amount
of deliverable obligations of the reference entity, the value of which may have significantly decreased. As the seller, the Fund would
effectively add leverage to its portfolio because, in addition to its assets, the Fund would be subject to investment exposure on the
notional amount of the swap in excess of any premium and margin required to establish and maintain the position.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Structured Instruments.</i> The Fund may use
structured instruments for investment purposes, for risk management purposes, such as to reduce the duration and interest rate sensitivity
of the Fund&#8217;s portfolio, and for leveraging purposes. While structured instruments may offer the potential for a favorable rate
of return from time to time, they also entail certain risks. Structured instruments may be less liquid than other fixed-income securities
and the price of structured instruments may be more volatile. In some cases, depending on the terms of the embedded index, a structured
instrument may provide that the principal and/or interest payments may be adjusted below zero. Structured instruments also may involve
significant credit risk and risk of default by the counterparty. Structured instruments may also be illiquid. Like other sophisticated
strategies, the Fund&#8217;s use of structured instruments may not work as intended.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Sovereign Governmental and Supranational Debt.</i>
The Fund may invest in all types of debt securities of governmental issuers in all countries, including foreign countries. These sovereign
debt securities may include: debt securities issued or guaranteed by governments, governmental agencies or instrumentalities and political
subdivisions located in foreign countries; debt securities issued by government owned, controlled or sponsored entities located in foreign
countries; interests in entities organized and operated for the purpose of restructuring the investment characteristics of instruments
issued by any of the above issuers; Brady Bonds, which are debt securities issued under the framework of the Brady Plan as a means for
debtor nations to restructure their outstanding external indebtedness; participations in loans between emerging market governments and
financial institutions; or debt securities issued by supranational entities such as the World Bank. A supranational entity is a bank,
commission or company established or financially supported by the national governments of one or more countries to promote reconstruction
or development. Sovereign government and supranational debt involve all the risks described herein regarding foreign and emerging markets
investments as well as the risk of debt moratorium, repudiation or renegotiation.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Inflation-Indexed Bonds.</i> Inflation-indexed
bonds (other than municipal inflation-indexed bonds and certain corporate inflation-indexed bonds) are fixed income securities the principal
value of which is periodically adjusted according to the rate of inflation. If the index measuring inflation falls, the principal value
of inflation-indexed bonds (other than municipal inflation-indexed bonds and certain corporate inflation-indexed bonds) will be adjusted
downward, and consequently the interest payable on these securities (calculated with respect to a smaller principal amount) will be reduced.
Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed
bonds (&#8220;TIPs&#8221;). For bonds that do not provide a similar guarantee, the adjusted principal value of the bond repaid at maturity
may be less than the original principal. With regard to municipal inflation-indexed bonds and certain corporate inflation-indexed bonds,
the inflation adjustment is typically reflected in the semi-annual coupon payment. As a result, the principal value of municipal inflation-indexed
bonds and such corporate inflation-indexed bonds does not adjust according to the rate of inflation.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Event-Linked Instruments/Catastrophe Bonds</i>.
The Fund may obtain event-linked exposure by investing in &#8220;event-linked bonds&#8221; or &#8220;event-linked swaps&#8221; or by implementing
&#8220;event-linked strategies.&#8221; Event-linked exposure results in gains or losses that typically are contingent on, or formulaically
related to, defined trigger events. Examples of trigger events include hurricanes, earthquakes, weather-related phenomena or statistics
relating to such events. Some event-linked bonds are commonly referred to as &#8220;catastrophe bonds.&#8221; If a trigger event occurs,
the principal amount of the bond is reduced (potentially to zero), and the Fund may lose all or a portion of its entire principal invested
in the bond or the entire notional amount on a swap.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Reinsurance Notes</i>. The Fund may invest,
directly or indirectly, in reinsurance contracts through shares or notes issued in connection with quota shares and/or may gain exposure
to reinsurance contracts through excess of loss notes and/or industry loss warranties (collectively, &#8220;Reinsurance Notes&#8221;).
As Reinsurance Notes represent an interest, either proportional or non-proportional, in one or more underlying reinsurance contracts,
the Fund has limited transparency into the individual underlying contract(s) and, therefore, must rely upon the risk assessment and sound
underwriting practices of the sponsor. Accordingly, it may be more difficult to fully evaluate the underlying risk profile of Reinsurance
Notes, which may place the Fund&#8217;s assets at greater risk of loss than if the Adviser had more complete information. The lack of
transparency may also make the valuation of such investments more difficult and potentially result in mispricing that could result in
losses to the Fund. In Reinsurance Notes, the Fund cannot lose more than the amount invested.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Equity Securities</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to investments in closed-end funds
and SPACs, the Fund may invest in other equity securities, including common stocks, warrants, REITs, depositary receipts, and listed and
unlisted private equity funds or other private funds.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Common Stock</i>. Common stock represents a
unit of equity ownership of a corporation. Owners typically are entitled to vote on the selection of directors and other important corporate
governance matters, to receive dividend payments, if any, on their holdings. However, ownership of common stock does not entitle owners
to participate in the day-to-day operations of the corporation. Common stock of domestic and foreign public corporations can be listed,
and their shares traded, on domestic stock exchanges, such the NYSE or the NASDAQ Stock Market. Domestic and foreign corporations also
may have their shares traded on foreign exchanges, such as the London Stock Exchange or the Tokyo Stock Exchange. Common stock may be
privately placed or publicly offered. The price of common stock is generally determined by corporate earnings, type of products or services
offered, projected growth rates, experience of management, liquidity, and market conditions generally. In the event that a corporation
declares bankruptcy or is liquidated, the claims of secured and unsecured creditors and owners of bonds and preferred stock take precedence
over the claims of those who own common stock.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Warrants</i>. Warrants are privileges issued
by corporations enabling the owners to subscribe to and purchase a specified number of shares of the corporation at a specified price
during a specified period of time. Subscription rights normally have a short life span to expiration. The purchase of warrants involves
the risk that the Fund could lose the purchase value of a right or warrant if the right to subscribe to additional shares is not exercised
prior to the warrants&#8217; expiration. Also, the purchase of warrants involves the risk that the effective price paid for the warrant
added to the subscription price of the related security may exceed the value of the subscribed security&#8217;s market price such as when
there is no movement in the level of the underlying security.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>REITs. </i>The Fund may invest in equity interests
and debt securities issued by REITs. REITs possess certain risks which differ from an investment in common stocks. REITs are financial
vehicles that pool investor&#8217;s capital to purchase or finance real estate. REITs may concentrate their investments in specific geographic
areas or in specific property types (i.e., hotels, shopping malls, residential complexes and office buildings). The market value of REIT
shares and the ability of REITs to distribute income may be adversely affected by several factors, including rising interest rates, changes
in the national, state and local economic climate and real estate conditions, perceptions of prospective tenants of the safety, convenience
and attractiveness of the properties, the ability of the owners to provide adequate management, maintenance and insurance, the cost of
complying with the Americans with Disabilities Act, increased competition from new properties, the impact of present or future environmental
legislation and compliance with environmental laws, changes in real estate taxes and other operating expenses, adverse changes in governmental
rules and fiscal policies, adverse changes in zoning laws and other factors beyond the control of the REIT issuers. In addition, distributions
received by the Fund from REITs may consist of dividends, capital gains and/or return of capital. As REITs generally pay a higher rate
of dividends (on a pre-tax basis) than operating companies, to the extent application of the Fund&#8217;s investment strategy results
in the Fund investing in REIT shares, the percentage of the Fund&#8217;s dividend income received from REIT shares will likely exceed
the percentage of the Fund&#8217;s portfolio which is comprised of REIT shares. There are three general categories of REITs: equity REITs,
mortgage REITs and hybrid REITs. Equity REITs invest primarily in direct fee ownership or leasehold ownership of real property; they derive
most of their income from rents. Mortgage REITs invest mostly in mortgages on real estate, which may secure construction, development
or long-term loans, and the main source of their income is mortgage interest payments. Hybrid REITs hold both ownership and mortgage interests
in real estate.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Depositary Receipts</i>. The Fund may invest
in sponsored and unsponsored American Depositary Receipts (&#8220;ADRs&#8221;), European Depositary Receipts (&#8220;EDRs&#8221;), Global
Depositary Receipts (&#8220;GDRs&#8221;) and other similar global instruments. ADRs typically are issued by a U.S. bank or trust company
and evidence ownership of underlying securities issued by a non-U.S. corporation. EDRs, which are sometimes referred to as Continental
Depositary Receipts, are receipts issued in Europe, typically by non-U.S. banks and trust companies, that evidence ownership of either
non-U.S. or domestic underlying securities. GDRs are depositary receipts structured like global debt issues to facilitate trading on an
international basis.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Private Equity Funds</i>. The Fund may invest
directly in private equity funds and listed private equity funds, which may include, among others, business development companies, investment
holding companies, publicly traded limited partnership interests (common units), publicly traded venture capital funds, publicly traded
venture capital trusts, publicly traded private equity funds, publicly traded private equity investment trusts, publicly traded closed-end
funds, publicly traded financial institutions that lend to or invest in privately held companies and any other publicly traded vehicle
whose purpose is to invest in privately held companies.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in private equity funds and
listed private equity funds that emphasize making equity and equity-like (preferred stock, convertible stock and warrants) investments
in later stage to mature businesses, or may invest in other private equity funds making debt investments or investments in companies at
other stages of development. The Fund may also make these private equity investments directly. In addition, the Fund may invest in the
common stock of closed-end management investment companies, including business development companies that invest in securities of listed
private equity companies.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An investment in a private fund may be made in
the primary offering of such fund&#8217;s securities or acquired in the secondary market. Such investments may constitute &#8220;restricted
securities&#8221; within the meaning of Rule 144 promulgated under the Securities Act of 1933.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Adviser evaluates private funds based on the
depth of resources of management, consistency of investment process, prior investment performance, expenses, and purity of exposure to
an asset class using information contained in such private funds&#8217; marketing materials, including private placement memoranda, and
gained from the Adviser&#8217;s relationships with the management of such private funds. The Adviser aims to invest in private funds managed
by investment advisers who the Adviser believes have the ability to invest successfully in their respective strategy, geography, and/or
sector.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Foreign Investments and Emerging Markets</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Non-U.S. Securities. </i>The Fund may invest
without limit in securities of non-U.S. issuers (&#8220;Non-U.S. Securities&#8221;). These securities may be U.S. dollar-denominated or
non-U.S. dollar-denominated and include: (i) debt obligations issued or guaranteed by foreign national, provincial, state, municipal or
other governments with taxing authority or by their agencies or instrumentalities, including securities created through the exchange of
existing commercial bank loans to sovereign entities for new obligations in connection with debt restructurings, commonly referred to
as &#8220;Brady Bonds;&#8221; (ii) debt obligations of supranational entities; (iii) debt obligations and other debt securities of foreign
corporate issuers; (iv) fixed income securities issued by corporations that generate significant profits from non-U.S. countries; and
(v) structured securities, including but not limited to, warrants, options and other derivatives, whose price is directly linked to Non-U.S.
Securities or indices of Non-U.S. Securities. Some Non-U.S. Securities may be less liquid and more volatile than securities of comparable
U.S. issuers. Similarly, there is less volume and liquidity in most foreign securities markets than in the United States and, at times,
greater price volatility than in the United States. Because evidence of ownership of such securities usually is held outside the United
States, the Fund will be subject to additional risks if it invests in Non-U.S. Securities, which include adverse political and economic
developments, seizure or nationalization of foreign deposits and adoption of governmental restrictions which might adversely affect or
restrict the payment of principal and interest or dividends on the foreign securities to investors located outside the country of the
issuer, whether from currency blockage or otherwise. Non-U.S. Securities may trade on days when the common shares are not priced or traded.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Emerging Markets Investments. </i>The Fund
may invest without limitation in securities of issuers located in emerging market countries, including securities denominated in currencies
of emerging market countries. Emerging market countries generally include every nation in the world (including countries that may be considered
&#8220;frontier&#8221; markets) except the United States, Canada, Japan, Australia, New Zealand and most countries located in Western
Europe. There is no minimum rating criteria for the Fund&#8217;s investments in such securities. These issuers may be subject to risks
that do not apply to issuers in larger, more developed countries. These risks are more pronounced to the extent the Fund invests significantly
in one country. Less information about emerging market issuers or markets may be available due to less rigorous disclosure and accounting
standards or regulatory practices. Emerging markets are smaller, less liquid and more volatile than U.S. markets. In a changing market,
the Adviser may not be able to sell the Fund&#8217;s portfolio securities in amounts and at prices they consider reasonable. The U.S.
dollar may appreciate against non-U.S. currencies or an emerging market government may impose restrictions on currency conversion or trading.
The economies of emerging market countries may grow at a slower rate than expected or may experience a downturn or recession. Economic,
political and social developments may adversely affect emerging market countries and their securities markets.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Foreign Currency Transactions.</i> The Fund&#8217;s
common shares are priced in U.S. dollars and the distributions paid by the Fund to common shareholders are paid in U.S. dollars. However,
a portion of the Fund&#8217;s assets may be denominated in non-U.S. currencies and the income received by the Fund from such securities
will be paid in non-U.S. currencies. The Fund also may invest in or gain exposure to non-U.S. currencies for investment or hedging purposes.
The Fund&#8217;s investments in securities that trade in, or receive revenues in, non-U.S. currencies will be subject to currency risk,
which is the risk that fluctuations in the exchange rates between the U.S. dollar and foreign currencies may negatively affect an investment.
The Fund may (but is not required to) hedge some or all of its exposure to non-U.S. currencies through the use of derivative strategies,
including forward foreign currency exchange contracts, foreign currency futures contracts and options on foreign currencies and foreign
currency futures. Suitable hedging transactions may not be available in all circumstances and there can be no assurance that the Fund
will engage in such transactions at any given time or from time to time when they would be beneficial. Although the Fund has the flexibility
to engage in such transactions, the Adviser may determine not to do so or to do so only in unusual circumstances or market conditions.
These transactions may not be successful and may eliminate any chance for the Fund to benefit from favorable fluctuations in relevant
foreign currencies. The Fund may also use derivatives contracts for purposes of increasing exposure to a foreign currency or to shift
exposure to foreign currency fluctuations from one currency to another.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Other Investment Companies </i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to investments in closed-end funds,
the Fund may invest in securities of other investment companies (including exchange-traded funds, business development companies and money
market funds, including other investment companies managed by the Adviser or its affiliates), subject to applicable regulatory limits,
that invest primarily securities of the types in which the Fund may invest directly. As a shareholder in an investment company, the Fund
will bear its ratable share of that investment company&#8217;s expenses and will remain subject to payment of the Fund&#8217;s advisory
and other fees and expenses with respect to assets so invested. Holders of common shares will therefore be subject to duplicative expenses
to the extent the Fund invests in other investment companies (except that it will not be subject to duplicate advisory fees with respect
to other investment companies managed by the Adviser or its affiliates). The Adviser will take expenses into account when evaluating the
investment merits of an investment in an investment company relative to available equity and/or fixed-income securities investments. In
addition, the securities of other investment companies may be leveraged and will therefore be subject to the same leverage risks to which
the Fund may be subject to the extent it employs a leverage strategy. Additionally, the Fund may invest in other investment companies
that have exposure to cryptocurrency.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Private Funds</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in private funds that pursue
private credit, real estate, reinsurance, fixed income or equity strategies without preference to any sector in which such private funds
may invest. Additionally, the Fund may invest in private funds that have exposure to cryptocurrency. An investment in a private fund may
be made in the primary offering of such fund&#8217;s securities or acquired in the secondary market. Such investments may constitute &#8220;restricted
securities&#8221; within the meaning of&#160;Rule 144&#160;promulgated under the&#160;Securities Act of 1933.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Adviser evaluates private funds based on the
depth of resources of management, consistency of investment process, prior investment performance, expenses, and purity of exposure to
an asset class using information contained in such private funds&#8217; marketing materials, including private placement memoranda, and
gained from the Adviser&#8217;s relationships with the management of such private funds. The Adviser aims to invest in private funds managed
by investment advisers who the Adviser believes have the ability to invest successfully in their respective strategy, geography, and/or
sector.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Other Investments/Techniques </i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>&#160;</i></b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Short-Term Debt Securities; Temporary Defensive
Positions; Invest-Up Period.</i> During temporary defensive periods (e.g., times when, in the Adviser&#8217;s opinion, temporary imbalances
of supply and demand or other temporary dislocations in the market adversely affect the price at which fixed income securities are available,
or in connection with the termination of the Fund) and in order to keep cash on hand fully invested, including the period during which
the net proceeds of this offering of common shares (or preferred shares, should the Fund determine to issue preferred shares in the future)
are being invested, the Fund may invest any percentage of its assets in liquid, short-term investments including high quality, short-term
securities and securities of other open- or closed-end investment companies that invest primarily in securities of the type in which the
Fund may invest directly. The Adviser&#8217;s determination that they are temporarily unable to follow the Fund&#8217;s investment strategy
or that it is impractical to do so will generally occur only in situations in which a market disruption event has occurred and where trading
in the securities selected through application of the Fund&#8217;s investment strategy is extremely limited or absent or in connection
with the termination of the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Short Sales. </i>The Fund may make short sales
of securities. A short sale is a transaction in which the Fund sells a security it does not own in anticipation that the market price
of that security will decline. The Fund may make short sales to hedge positions, for duration and risk management, in order to maintain
portfolio flexibility or to enhance income or gain. When the Fund makes a short sale, it must borrow the security sold short and deliver
it to the broker-dealer through which it made the short sale as collateral for its obligation to deliver the security upon conclusion
of the sale. The Fund may have to pay a fee to borrow particular securities and is often obligated to pay over any payments received on
such borrowed securities. The Fund&#8217;s obligation to replace the borrowed security will be secured by collateral deposited with the
broker-dealer, usually cash, U.S. Government securities or other liquid securities. Depending on arrangements made with the broker-dealer
from which it borrowed the security regarding payment over of any payments received by the Fund on such security, the Fund may not receive
any payments (including interest) on its collateral deposited with such broker-dealer. If the price of the security sold short increases
between the time of the short sale and the time the Fund replaces the borrowed security, the Fund will incur a loss; conversely, if the
price declines, the Fund will realize a gain. Any gain will be decreased, and any loss increased, by the transaction costs described above.
Although the Fund&#8217;s gain is limited to the price at which it sold the security short, its potential loss is theoretically unlimited.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Derivatives. </i>The derivative instruments
(both exchange-traded and over-the-counter instruments) in which the Fund may invest include forwards (such as forward foreign currency
contracts, and forward interest rate agreements), futures (such as currency, equity, fixed income/debt (including interest rate), and
index futures), options (including options on swaps (commonly known as swaptions), options on futures, options on indices, writing (selling)
calls against positions in the portfolio (covered calls) or writing (selling) puts), structured investments (such as equity-linked notes),
and swaps (such as total return, credit default, credit default index, fixed income/debt (including interest rate swaps), and swaps on
index futures). The Fund typically will not gain investment exposure to the commodities markets directly, but may do so indirectly through
investment in one or more subsidiaries. The Fund may invest in derivatives for both hedging and non-hedging purposes, including, for example,
seeking to enhance returns or as a substitute for a position in an underlying asset, instrument, or other reference, to increase market
exposure and investment flexibility, or to obtain or reduce particular exposures.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>When-Issued, Delayed Delivery Securities and
Forward Commitment Securities.</i>&#8195;The Fund may purchase securities on a &#8220;when-issued&#8221; basis and may purchase or sell
securities on a &#8220;forward commitment&#8221; basis (including on a &#8220;TBA&#8221; (to be announced) basis) or on a &#8220;delayed
delivery&#8221; basis. When such transactions are negotiated, the price, which is generally expressed in yield terms, is fixed at the
time the commitment is made, but delivery and payment for the securities take place at a later date. When-issued securities and forward
commitments may be sold prior to the settlement date. If the Fund disposes of the right to acquire a when-issued security prior to its
acquisition or disposes of its right to deliver or receive against a forward commitment, it might incur a gain or loss. Pursuant to recommendations
of the Treasury Market Practices Group, which is sponsored by the Federal Reserve Board of New York, the Fund or its counterparty generally
is required to post collateral when entering into certain forward-settling transactions, including without limitation TBA transactions.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The market value of the securities underlying
a commitment to purchase securities, and any subsequent fluctuations in their market value, is taken into account when determining the
NAV of the Fund starting on the day the Fund agrees to purchase the securities. The Fund does not earn interest on the securities it has
committed to purchase until they are paid for and delivered on the settlement date.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Rule 18f-4 under the Investment Company Act permits
the Fund to enter into when-issued or forward-settling securities (e.g., firm and standby commitments, including TBA commitments, and
dollar rolls) and non-standard settlement cycle securities notwithstanding the limitation on the issuance of senior securities in Section
18 of the Investment Company Act, provided that the Fund intends to physically settle the transaction and the transaction will settle
within 35 days of its trade date (the &#8220;Delayed-Settlement Securities Provision&#8221;). If a when-issued, forward-settling or non-standard
settlement cycle security does not satisfy the Delayed-Settlement Securities Provision, then it is treated as a derivatives transaction
under Rule 18f-4.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Restricted and Illiquid Investments. </i>The
Fund may invest without limitation in illiquid or less liquid investments or investments in which no secondary market is readily available
or which are otherwise illiquid, including private placement securities. Liquidity of an investment relates to the ability to dispose
easily of the investment and the price to be obtained upon disposition of the investment, which may be less than would be obtained for
a comparable more liquid investment. &#8220;Illiquid investments&#8221; are investments which cannot be sold within seven days in the
ordinary course of business at approximately the value used by the Fund in determining its NAV. Illiquid investments may trade at a discount
from comparable, more liquid investments. Illiquid investments are subject to legal or contractual restrictions on disposition or lack
an established secondary trading market.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">LEVERAGE</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund uses leverage through directly borrowing
from banks. The Fund has entered into a $125 million Facility with TD Bank effective on July 20, 2021, which matures on January 20, 2026.
As of April 30, 2025, the Fund had $45 million outstanding drawn under the Facility. The use of leverage may also take the form of, without
limitation, any of the various financial instruments described herein, including derivative instruments which are inherently leveraged
and trading in products with embedded leverage such as options, short sales, swaps and forwards. The instruments and borrowings utilized
by the Fund to leverage investments may be collateralized by the Fund&#8217;s portfolio, respectively.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The use of leverage will magnify the volatility
of changes in the value of the investments of the Fund. Accordingly, any event which adversely affects the value of an investment would
be magnified to the extent the investment is leveraged. The cumulative effect of the use of leverage by the Fund in a market that moves
adversely to its investments could result in substantial losses to the Fund, which would be greater than if the Fund was not leveraged.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While leverage increases the buying power of the
Fund and presents opportunities for increasing total returns, it has the effect of potentially increasing losses as well. For example,
funds borrowed for leveraging will be subject to interest, transaction and other costs, and other types of leverage also involve transaction
and other costs. Any such costs may or may not be recovered by the return on the Fund&#8217;s portfolio. Leverage would increase the investment
return of the Fund if an investment purchased with or utilizing leverage earns a greater return than the cost to the Fund of such leverage.
The use of leverage will decrease the investment return if the Fund fails to recover the cost of such leverage.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain types of leverage the Fund may use may
result in the Fund being subject to covenants relating to asset coverage and portfolio composition requirements. The Fund may be subject
to certain restrictions on investments imposed by one or more lenders or by guidelines of one or more rating agencies, which may issue
ratings for any short-term debt securities or preferred shares issued by the Fund. The terms of any borrowings or rating agency guidelines
may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the Investment Company Act.
The Adviser does not believe that these covenants or guidelines will impede it from managing the Fund&#8217;s portfolio in accordance
with its investment objectives and policies if the Fund were to utilize leverage.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the Investment Company Act, the Fund is
not permitted to issue senior securities if, immediately after the issuance of such senior securities, the Fund would have an asset coverage
ratio (as defined in the Investment Company Act) of less than 300% with respect to senior securities representing indebtedness (i.e.,
for every dollar of indebtedness outstanding, the Fund is required to have at least three dollars of assets) or less than 200% with respect
to senior securities representing preferred shares (i.e., for every dollar of preferred shares outstanding, the Fund is required to have
at least two dollars of assets). The Investment Company Act also provides that the Fund may not declare distributions or purchase its
shares (including through tender offers) if, immediately after doing so, it will have an asset coverage ratio of less than 300% or 200%,
as applicable. Under the Investment Company Act, certain short-term borrowings (such as for cash management purposes) are not subject
to these limitations if (i) repaid within 60 days, (ii) not extended or renewed and (iii) not in excess of 5% of the total assets of the
Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit Facility</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund has entered into a $125 million Facility
with TD Bank effective on July 20, 2021, which matures on January 20, 2026. As of April 30, 2025, the Fund had $45 million outstanding
drawn under the Facility. The Facility provides a source of leverage and is collateralized by assets of the Fund. The Fund is required
to prepay outstanding amounts under this Facility or may incur a penalty rate of interest upon the occurrence of certain events of default.
The Fund is typically required to indemnify the lenders under the Facility against liabilities they may incur in connection therewith.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the Facility contains covenants that,
among other things, limit the Fund's ability to pay distributions in certain circumstances, incur additional debt, change certain of its
investment policies, and engage in certain transactions, including mergers and consolidations. The Facility also requires asset coverage
ratios in addition to those required by the Investment Company Act. The Fund is required to pledge its assets and to maintain a portion
of its assets in cash or high-grade securities as a reserve against interest or principal payments and expenses. The Facility has customary
covenant, negative covenant, and default provisions.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The terms and conditions of the Facility may be
subject to change upon renewal or refinancing, and there is no assurance that it will be replaced or refinanced on terms and conditions
representative of the foregoing, or that additional material terms will not apply. The Facility may in the future be replaced or refinanced
by one or more credit facilities having substantially different terms or by the issuance of preferred shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Preferred Shares</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is permitted to leverage its portfolio
by issuing preferred shares. Under the Investment Company Act, the Fund is not permitted to issue preferred shares if, immediately after
such issuance, the liquidation value of the Fund&#8217;s outstanding preferred shares exceeds 50% of its assets (including the proceeds
from the issuance) less liabilities other than borrowings (i.e., the value of the Fund&#8217;s assets must be at least 200% of the liquidation
value of its outstanding preferred shares). In addition, the Fund would not be permitted to declare any cash dividend or other distribution
on its common shares unless, at the time of such declaration, the value of the Fund&#8217;s assets less liabilities other than borrowings
is at least 200% of such liquidation value.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund expects that preferred shares, if issued,
will pay adjustable rate dividends based on shorter-term interest rates, which would be redetermined periodically by a fixed spread or
remarketing process, subject to a maximum rate which would increase over time in the event of an extended period of unsuccessful remarketing.
The adjustment period for preferred share dividends could be as short as one day or as long as a year or more. Preferred shares, if issued,
could include a liquidity feature that allows holders of preferred shares to have their shares purchased by a liquidity provider in the
event that sell orders have not been matched with purchase orders and successfully settled in a remarketing. The Fund expects that it
would pay a fee to the provider of this liquidity feature, which would be borne by common shareholders of the Fund. The terms of such
liquidity feature could require the Fund to redeem preferred shares still owned by the liquidity provider following a certain period of
continuous, unsuccessful remarketing, which may adversely impact the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If preferred shares are issued, the Fund may,
to the extent possible, purchase or redeem preferred shares from time to time to the extent necessary in order to maintain asset coverage
of any preferred shares of at least 200%. In addition, as a condition to obtaining ratings on the preferred shares, the terms of any preferred
shares issued are expected to include asset coverage maintenance provisions which will require the redemption of the preferred shares
in the event of non-compliance by the Fund and may also prohibit dividends and other distributions on the common shares in such circumstances.
In order to meet redemption requirements, the Fund may have to liquidate portfolio securities. Such liquidations and redemptions would
cause the Fund to incur related transaction costs and could result in capital losses to the Fund. Prohibitions on dividends and other
distributions on the common shares could impair the Fund&#8217;s ability to qualify as a regulated investment company (&#8220;RIC&#8221;)
under the Code.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the Fund issues preferred shares, the Fund
expects that it will be subject to certain restrictions imposed by guidelines of one or more rating agencies that may issue ratings for
preferred shares issued by the Fund. These guidelines are expected to impose asset coverage or portfolio composition requirements that
are more stringent than those imposed on the Fund by the Investment Company Act. It is not anticipated that these covenants or guidelines
would impede the Adviser from managing the Fund&#8217;s portfolio in accordance with the Fund&#8217;s investment objectives and policies.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivatives</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may enter into derivative transactions
that have leverage embedded in them. Derivative transactions that the Fund may enter into and the risks associated with them are described
elsewhere in this Prospectus. The Fund cannot assure you that investments in derivative transactions that have leverage embedded in them
will result in a higher return on its common shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under Rule 18f-4 under the Investment Company
Act, among other things, the Fund must either use derivatives in a limited manner or comply with an outer limit on fund leverage risk
based on value-at-risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Disposition of Investments</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From a fundamental perspective, an investment
may be sold if the investment does not meet original performance expectations or if the investment thesis no longer applies because of
changes in the underlying fundamentals of the investment, business or industry. Investments also may be sold if a price or value target
is achieved or if credit deterioration occurs. In addition, from a relative value perspective, the Adviser may decide to sell an investment
if it believes there are better risk/reward opportunities available or there is a risk of default or loss of principal.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Temporary Borrowings</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may also borrow money as a temporary
measure for extraordinary or emergency purposes, including the payment of dividends and the settlement of securities transactions which
otherwise might require untimely dispositions of Fund securities.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskFactorsTableTextBlock', window );">Risk Factors [Table Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p id="xdx_A80_ecef--RiskFactorsTableTextBlock_zFFry4a5tz2b" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">RISKS</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An investment in the Fund involves risks, including
closed-end structure risk, market risk, issuer risk, interest rate risk, and credit risk, among others. Descriptions of these and other
risks of investing in the Fund are provided below (in alphabetical order). <i>There is no assurance that the Fund will achieve its investment
objectives and you may lose money</i>. The value of the Fund&#8217;s holdings may decline, and the Fund&#8217;s NAV and share price may
go down. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency. The significance of any specific risk to an investment in the Fund will vary over time depending on the
composition of the Fund&#8217;s portfolio, market conditions, and other factors. You should read all of the risk information below carefully,
because any one or more of these risk may result in losses to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_983_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ActiveManagementRiskMember_zb7DPmLgKal2">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Active Management Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is actively managed and its performance
therefore will reflect, in part, the ability of the portfolio managers to make investment decisions that seek to achieve the Fund&#8217;s
investment objective. Due to its active management, the Fund could underperform its benchmark index and/or other funds with similar investment
objectives and/or strategies.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_985_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ActivistStrategiesRiskMember_zJZS20jLF82d">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Activist Strategies Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may purchase securities of a company
that is the subject of a proxy contest or which activist investors, which could include the Fund and other accounts/funds affiliated with
the Adviser, are attempting to influence, in the expectation that new management or a change in business strategies will cause the price
of the company&#8217;s securities to increase. If the proxy contest, or the new management, is not successful, the market price of the
company&#8217;s securities will typically fall.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, where an acquisition or restructuring
transaction or proxy fight is opposed by the subject company&#8217;s management, the transaction often becomes the subject of litigation.
Such litigation involves substantial uncertainties and may impose substantial cost and expense on the Fund.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98E_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--BankLoansRiskMember_zQO1zVII3zxb">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Bank Loans Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund's investment program may include investments
in of bank loans and participations. These obligations are subject to unique risks, including: (i) the possible invalidation of an investment
transaction as a fraudulent conveyance under relevant creditors' rights laws; (ii) so-called lender-liability claims by the issuer of
the obligations; (iii) environmental liabilities that may arise with respect to collateral securing the obligations; and (iv) limitations
on the ability of the Fund to directly enforce its rights with respect to participations. In analyzing each bank loan or participation,
the Adviser attempts to compare the relative significance of the risks against the expected benefits of the investment. Successful claims
by third parties arising from these and other risks will be borne by the Fund. As secondary market trading volumes increase, new loans
are frequently adopting standardized documentation to facilitate loan trading, which may improve market liquidity. There can be no assurance,
however, that future levels of supply and demand in loan trading will provide an adequate degree of liquidity or that the current level
of liquidity will continue. Because of the provision to holders of such loans of confidential information relating to the borrower, the
unique and customized nature of the loan agreement, and the private syndication of the loan, loans are not as easily purchased or sold
as a publicly traded security, and historically the trading volume in the loan market has been small relative to the high-yield debt market.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CatastropheBondsRiskMember_zXmqS5mGipdf">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Catastrophe Bonds Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Event-linked or catastrophe bonds carry material
uncertainties and risk exposures to adverse conditions. If a trigger event, as defined within the terms of the bond, involves losses or
other metrics exceeding a specific magnitude in the geographic region and time period specified therein, the Fund may lose a portion or
all of its investment in such security, including accrued interest and/or principal invested in such security. Because catastrophe bonds
cover &#8220;catastrophic&#8221; events that, if they occur, will result in significant losses, catastrophe bonds carry a high degree
of risk of loss and are considered &#8220;high yield&#8221; or &#8220;junk bonds.&#8221; The rating, if any, primarily reflects the rating
agency&#8217;s calculated probability that a predefined trigger event will occur. Thus, lower-rated bonds have a greater likelihood of
a triggering event occurring and loss to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Catastrophe bonds are also subject to extension
risk. The sponsor of such an investment might have the right to extend the maturity of the bond or note to verify that the trigger event
did occur or to process and audit insurance claims. The typical duration of mandatory and optional extensions of maturity for reinsurance-related
securities currently is between three months to two years. In certain circumstances, the extension may exceed two years. An extension
to verify the potential occurrence of a trigger event will reduce the value of the bond or note due to the uncertainty of the occurrence
of the trigger event and will hinder the Fund&#8217;s ability to sell the bond or note. Even if it is determined that the trigger event
did not occur, such an extension will delay the Fund&#8217;s receipt of the bond&#8217;s or note&#8217;s principal and prevent the reinvestment
of such proceeds in other, potentially higher yielding securities.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ClosedEndFundStructureRiskMember_zmYrkh8WjN35">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Closed-End Fund Structure Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unlike open-end funds, closed-end funds like the
Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy additional common
shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise. Because the market
value of the common shares may be influenced by such factors as dividend levels (which are in turn affected by expenses), call protection
on its portfolio securities, dividend stability, portfolio credit quality, the Fund&#8217;s NAV, relative demand for and supply of such
shares in the market, general market and economic conditions and other factors beyond the control of the Fund, the Fund cannot assure
you that its common shares will trade at a price equal to or higher than NAV in the future. The common shares are designed primarily for
long-term investors and you should not purchase the common shares if you intend to sell them soon after purchase.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CoInvestmentRestrictionsMember_zKrB6CTY5JWe">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Co-investment Restrictions</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is prohibited under the Investment Company
Act from participating in certain transactions with its affiliates without the prior approval of the SEC. Any person that owns, directly
or indirectly, 5% or more of the Fund&#8217;s outstanding voting securities will be its affiliate for purposes of the Investment Company
Act and the Fund will generally be prohibited from buying or selling any securities from or to such affiliate. The Investment Company
Act also prohibits certain &#8220;joint&#8221; transactions with certain of the Fund&#8217;s affiliates, which could include investments
in the same portfolio company (whether at the same or different times), without prior approval of the SEC. If a person acquires more than
25% of the Fund&#8217;s voting securities, the Fund will be prohibited from buying or selling any security from or to such person or certain
of that person&#8217;s affiliates, or entering into prohibited joint transactions with such persons, absent the prior approval of the
SEC. Similar restrictions limit the Fund&#8217;s ability to transact business with the Fund&#8217;s officers or Trustees or its affiliates.
As a result of these restrictions, the Fund may be prohibited from buying or selling any security from or to any portfolio company of
an investment fund managed by the Adviser or its affiliates without the prior approval of the SEC, which may limit the scope of investment
opportunities that would otherwise be available to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Adviser has applied for an exemptive order
from the SEC (the &#8220;Order&#8221;) that would grant the funds managed by the Adviser or certain affiliates, the ability to fully negotiate
terms of co-investment transactions with other funds managed by the Adviser or certain affiliates, subject to the conditions included
therein. There is no assurance that the Adviser will receive the Order on a timely basis or at all. Until the Adviser receives the Order,
the Fund will not be permitted to participate in certain investments with the Adviser&#8217;s other funds or its affiliates. Even if the
Order is granted, in certain situations, such as when there is an opportunity to invest in different securities of the same issuer, the
personnel of the Adviser or its affiliates will need to decide which client will proceed with the investment. Such personnel will make
these determinations based on policies and procedures, which are designed to reasonably ensure that investment opportunities are allocated
fairly and equitably among affiliated funds over time and in a manner that is consistent with applicable laws, rules and regulations.
When the Fund participates in a co-investment transaction, the personnel of the Adviser allocates a portion of the investment to the Fund
based on the Fund&#8217;s investment objective and strategies, investment policies, investment positions, capital available for investment,
and other pertinent factors. Any co-investment is made on equal footing with the funds managed by the Adviser or its affiliates, including
identical terms, conditions, price, class of securities purchased, timing, and registration rights. To the extent the Fund is able to
make co-investments with the Adviser&#8217;s affiliates, these co-investment transactions may give rise to conflicts of interest or perceived
conflicts of interest among the Fund and the other participating accounts. Moreover, except in certain circumstances, when relying on
the Order, the Fund is unable to invest in any issuer in which one or more funds managed by the Adviser or its affiliates has previously
invested.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may also invest alongside the Adviser&#8217;s
and its affiliates&#8217; other clients, including other entities they manage, which are referred to as affiliates&#8217; other clients,
in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations and guidance as well as the Adviser&#8217;s
allocation policies. However, the Fund can offer no assurance that investment opportunities will be allocated to it fairly or equitably
in the short-term or over time.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In situations where co-investment with affiliates&#8217;
other clients is not permitted under the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;) and related rules, existing
or future staff guidance, or the terms and conditions of any exemptive relief granted to the Fund by the SEC, the Adviser will need to
decide which client or clients will proceed with the investment. Generally, the Fund will not have an entitlement to make a co-investment
in these circumstances and, to the extent that another client elects to proceed with the investment, the Fund will not be permitted to
participate. Moreover, except in certain circumstances, the Fund is unable to invest in any issuer in which an affiliates&#8217; other
client holds a controlling interest. These restrictions may limit the scope of investment opportunities that would otherwise be available
to the Fund.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98A_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ConvertibleSecuritiesRiskMember_z0MbnNXj8gVd">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Convertible Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Convertible securities are subject to the usual
risks associated with debt instruments, such as interest rate risk (the risk of losses attributable to changes in interest rates) and
credit risk (the risk that the issuer of a debt instrument will default or otherwise become unable, or be perceived to be unable or unwilling,
to honor a financial obligation, such as making payments to the Fund when due). Convertible securities also react to changes in the value
of the common stock into which they convert, and are thus subject to market risk (the risk that the market values of securities or other
investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise). Because the value of a convertible security
can be influenced by both interest rates and the common stock's market movements, a convertible security generally is not as sensitive
to interest rates as a similar debt instrument, and generally will not vary in value in response to other factors to the same extent as
the underlying common stock. In the event of a liquidation of the issuing company, holders of convertible securities would typically be
paid before the company's common stockholders but after holders of any senior debt obligations of the company. The Fund may be forced
to convert a convertible security before it otherwise would choose to do so, which may decrease the Fund's return.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98E_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CorporateBondsRiskMember_znUdRzqEAd5c">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Corporate Bonds Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The market value of a corporate bond generally
may be expected to rise and fall inversely with interest rates. The market value of intermediate and longer-term corporate bonds is generally
more sensitive to changes in interest rates than is the market value of shorter-term corporate bonds. The market value of a corporate
bond also may be affected by factors directly related to the issuer, such as investors&#8217; perceptions of the creditworthiness of the
issuer, the issuer&#8217;s financial performance, perceptions of the issuer in the market place, performance of management of the issuer,
the issuer&#8217;s capital structure and use of financial leverage and demand for the issuer&#8217;s goods and services. There is a risk
that the issuers of corporate bonds may not be able to meet their obligations on interest or principal payments at the time called for
by an instrument. Corporate bonds of below investment grade quality are often high risk and have speculative characteristics and may be
particularly susceptible to adverse issuer-specific developments.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CounterpartyRiskMember_zUczR2YitKM7">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Counterparty Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The risk exists that a counterparty to a transaction
in a financial instrument held by the Fund or by a special purpose or structured vehicle in which the Fund invests may become insolvent
or otherwise fail to perform its obligations, including making payments to the Fund, due to financial difficulties. The Fund may obtain
no or limited recovery in a bankruptcy or other reorganizational proceedings, and any recovery may be significantly delayed. Transactions
that the Fund enters into may involve counterparties in the financials sector and, as a result, events affecting the financials sector
may cause the Fund&#8217;s NAV to fluctuate.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CreditDefaultSwapsRiskMember_zsQLchIe32Pj">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Credit Default Swaps Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in credit default swaps. A
credit default swap is a contract between two parties which transfers the risk of loss if a company fails to pay principal or interest
on time or files for bankruptcy. In essence, an institution which owns corporate debt instruments can purchase a limited form of default
protection by entering into a credit default swap with another bank, broker-dealer or financial intermediary. Upon an event of default,
the swap may be terminated in one of two ways: (i) by the purchaser of credit protection delivering the referenced instrument to the swap
counterparty and receiving a payment of par value, or (ii) by the parties pairing off payments, with the purchaser of the protection receiving
a payment equal to the par value of the reference security less the price at which the reference security trades subsequent to default.
The first way is the more common form of credit default swap termination.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the manner described above, credit default
swaps can be used to hedge a portion of the default risk on a single corporate bond or a portfolio of bonds. Credit default swaps can
be used to implement the Adviser&#8217;s view that a particular credit, or group of credits, will experience credit improvement. In the
case of expected credit improvement, the Fund may sell credit default protection in which it receives a premium to take on the risk. In
such an instance, the obligation of the Fund to make payments upon the occurrence of a credit event creates leveraged exposure to the
credit risk of the referenced entity. The Fund may also &#8220;purchase&#8221; credit default protection even in the case in which it
does not own the referenced instrument if, in the judgment of the Adviser, there is a high likelihood of credit deterioration.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit default swap agreements involve greater
risks than if the Fund had taken a position in the reference obligation directly (either by purchasing or selling) since, in addition
to general market risks, credit default swaps are subject to illiquidity risk, counterparty risk and credit risks. A buyer generally will
also lose its upfront payment or any periodic payments it makes to the seller counterparty and receive no payments from its counterparty
should no credit event occur and the swap is held to its termination date. If a credit event were to occur, the value of any deliverable
obligation received by the seller, coupled with the upfront or periodic payments previously received, may be less than the full notional
amount it pays to the buyer, resulting in a loss of value to the seller. A seller of a credit default swap or similar instrument is exposed
to many of the same risks of leverage since, if a credit event occurs, the seller generally will be required to pay the buyer the full
notional amount of the contract net of any amounts owed by the buyer related to its delivery of deliverable obligations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the credit derivatives market is
subject to a changing regulatory environment. It is possible that regulatory or other developments in the credit derivatives market could
adversely affect the Fund&#8217;s ability to successfully use credit derivatives.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CreditRisksMember_zL4QMvyeWALk">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Credit Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit risk is the risk that the value of debt
instruments may decline if the issuer thereof defaults or otherwise becomes unable or unwilling, or is perceived to be unable or unwilling,
to honor its financial obligations, such as making payments to the Fund when due. Various factors could affect the actual or perceived
willingness or ability of the issuer to make timely interest or principal payments, including changes in the financial condition of the
issuer or in general economic conditions. Credit rating agencies assign credit ratings to certain debt instruments to indicate their credit
risk. A rating downgrade by such agencies can negatively impact the value of such instruments. Lower quality or unrated instruments held
by the Fund may present increased credit risk as compared to higher-rated instruments. Non-investment grade debt instruments may be subject
to greater price fluctuations and are more likely to experience a default than investment grade debt instruments and therefore may expose
the Fund to increased credit risk. If the Fund purchases unrated instruments, or if the ratings of instruments held by the Fund are lowered
after purchase, the Fund will depend on analysis of credit risk more heavily than usual.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_985_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember_z5g5zYTJHow3">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Risks Relating to Investments in Exchange Traded
Funds/Trusts that invest in cryptocurrencies or similar digital assets that utilize blockchain technology. </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Consistent with the Fund&#8217;s closed-end fund
investment approach, where the Fund seeks to capitalize on the difference between a closed-end fund&#8217;s aggregate asset value and
its net asset value, the Fund has and may in the future invest in exchange traded investment funds/trusts that invest in cryptocurrencies
or similar assets that utilize blockchain technology (such as, the Grayscale Bitcoin Trust) and the Fund may hedge such investments through
the use of other securities (including other exchange trade funds that own virtual currencies) and derivatives of virtual currencies,
in each case, to the extent permitted by, and in accordance with, any future law, regulation, guidance, or exemptive relief provided by
the SEC or its staff or other regulatory agency or body having jurisdiction. The Fund expects that any such investments are likely to
constitute only a small proportion of its portfolio.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CurrencyRiskMember_z5ZJa6eYc7nd">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Currency Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund's investments that are denominated in
a foreign currency are subject to the risk that the value of a particular currency will change in relation to one or more other currencies.
Among the factors that may affect currency values are trade balances, the level of short-term interest rates, differences in relative
values of similar assets in different currencies, long-term opportunities for investment and capital appreciation and political developments.
The Adviser may try to hedge these risks by investing directly in foreign currencies, buying and selling forward foreign currency exchange
contracts and buying and selling options on foreign currencies, but there can be no assurance such strategies will be effective.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_986_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CybersecurityRiskMember_zfxsfjGSu1za">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Cybersecurity Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of its business, the Adviser processes,
stores and transmits large amounts of electronic information, including information relating to the transactions of the Fund. Similarly,
service providers of the Adviser, the Fund, especially the administrator, may process, store and transmit such information. The Adviser
has procedures and systems in place that it believes are reasonably designed to protect such information and prevent data loss and security
breaches. However, such measures cannot provide absolute security. The techniques used to obtain unauthorized access to data, disable
or degrade service, or sabotage systems change frequently and may be difficult to detect for long periods of time. Hardware or software
acquired from third parties may contain defects in design or manufacture or other problems that could unexpectedly compromise information
security. Network connected services provided by third parties to the Adviser may be susceptible to compromise, leading to a breach of
the Adviser&#8217;s network. The Adviser&#8217;s systems or facilities may be susceptible to employee error or malfeasance, government
surveillance, or other security threats. On-line services that may be provided by the Adviser to the investors in the Fund may also be
susceptible to compromise. Breach of the Adviser&#8217;s information systems may cause information relating to the transactions of the
Fund to be lost or improperly accessed, used or disclosed.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The service providers of the Adviser and the Fund
are subject to the same electronic information security threats as the Adviser. If a service provider fails to adopt or adhere to adequate
data security policies, or in the event of a breach of its networks, information relating to the transactions of the Fund and personally
identifiable information of investors in the Fund may be lost or improperly accessed, used or disclosed.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The loss or improper access, use or disclosure
of the Adviser&#8217;s or the Fund's proprietary information may cause the Adviser or the Fund to suffer, among other things, financial
loss, the disruption of its business, liability to third parties, regulatory intervention or reputational damage. Any of the foregoing
events could have a material adverse effect on the Fund.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_983_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DecisionMakingAuthorityRiskMember_zUQeUJ1ERrFk">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Decision-Making Authority Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investors have no authority to make decisions
or to exercise business discretion on behalf of the Fund, except as set forth in the Fund&#8217;s governing documents. The authority for
all such decisions is generally delegated to the Board, which in turn, has delegated the day-to-day management of the Fund&#8217;s investment
activities to the Adviser, subject to oversight by the Board.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DeflationRiskMember_zbao94VYhw11">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Deflation Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deflation risk is the risk that prices throughout
the economy decline over time, which may have an adverse effect on the market valuation of companies, their assets and their revenues.
In addition, deflation may have an adverse effect on the creditworthiness of issuers and may make issuer default more likely, which may
result in a decline in the value of the Fund&#8217;s portfolio.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98D_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DefensiveInvestingRiskMember_zVcnwON2KoVk">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Defensive Investing Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For defensive purposes, the Fund may allocate
assets into cash or short-term fixed-income securities without limitation. In doing so, the Fund may succeed in avoiding losses but may
otherwise fail to achieve its investment objectives. Further, the value of short-term fixed-income securities may be affected by changing
interest rates and by changes in credit ratings of the investments. If the Fund holds cash uninvested it will be subject to the credit
risk of the depository institution holding the cash.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DepositaryReceiptsRiskMember_zjI4yZZogA4i">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Depositary Receipts Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Depositary receipts are receipts issued by a bank
or trust company reflecting ownership of underlying securities issued by foreign companies. Some foreign securities are traded in the
form of American Depositary Receipts (&#8220;ADRs&#8221;) and/or Global Depositary Receipts. Depositary receipts involve risks similar
to the risks associated with investments in foreign securities, including those associated with an issuer&#8217;s (and any of its related
companies&#8217;) country of organization and places of business operations, which may be related to the particular political, regulatory,
economic, social and other conditions or events (including, for example, military confrontations and actions, war, other conflicts, terrorism
and disease/virus outbreaks and epidemics) occurring in the country and fluctuations in such country&#8217;s currency, as well as market
risk tied to the underlying foreign company. In addition, holders of depositary receipts may have limited voting rights, may not have
the same rights afforded to stockholders of a typical domestic company in the event of a corporate action, such as an acquisition, merger
or rights offering, and may experience difficulty in receiving company stockholder communications. There is no guarantee that a financial
institution will continue to sponsor a depositary receipt, or that a depositary receipt will continue to trade on an exchange, either
of which could adversely affect the liquidity, availability and pricing of the depositary receipt. Changes in foreign currency exchange
rates will affect the value of depositary receipts and, therefore, may affect the value of your investment in the Fund. A potential conflict
of interest exists to the extent that the Fund invests in ADRs for which the Fund&#8217;s custodian serves as depository bank.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivatesRiskMember_zoq87xQgM1c">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivates Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivatives may involve significant risks. Derivatives
are financial instruments, traded on an exchange or in the over-the-counter (OTC) markets, with a value in relation to, or derived from,
the value of an underlying asset(s) (such as a security, commodity or currency) or other reference, such as an index, rate or other economic
indicator (each an underlying reference). Derivatives may include those that are privately placed or otherwise exempt from SEC registration,
including certain Rule 144A eligible securities. Derivatives could result in Fund losses if the underlying reference does not perform
as anticipated. Use of derivatives is a highly specialized activity that can involve investment techniques, risks, and tax planning different
from those associated with more traditional investment instruments. The Fund&#8217;s derivatives strategy may not be successful and use
of certain derivatives could result in substantial, potentially unlimited, losses to the Fund regardless of the Fund&#8217;s actual investment.
A relatively small movement in the price, rate or other economic indicator associated with the underlying reference may result in substantial
loss for the Fund. Derivatives may be more volatile than other types of investments. Derivatives can increase the Fund&#8217;s risk exposure
to underlying references and their attendant risks, including the risk of an adverse credit event associated with the underlying reference
(credit risk), the risk of an adverse movement in the value, price or rate of the underlying reference (market risk), the risk of an adverse
movement in the value of underlying currencies (foreign currency risk) and the risk of an adverse movement in underlying interest rates
(interest rate risk).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivatives may expose the Fund to additional
risks, including the risk of loss due to a derivative position that is imperfectly correlated with the underlying reference it is intended
to hedge or replicate (correlation risk), the risk that a counterparty will fail to perform as agreed (counterparty risk), the risk that
a hedging strategy may fail to mitigate losses, and may offset gains (hedging risk), the risk that the return on an investment may not
keep pace with inflation (inflation risk), the risk that losses may be greater than the amount invested (leverage risk), the risk that
the Fund may be unable to sell an investment at an advantageous time or price (liquidity risk), the risk that the investment may be difficult
to value (pricing risk), and the risk that the price or value of the investment fluctuates significantly over short periods of time (volatility
risk). The value of derivatives may be influenced by a variety of factors, including national and international political and economic
developments. Potential changes to the regulation of the derivatives markets may make derivatives more costly, may limit the market for
derivatives, or may otherwise adversely affect the value or performance of derivatives.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivatesRiskFuturesContractsRiskMember_zDdvXUcrPv5a">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivates Risk &#8211; Futures Contracts Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A futures contract is an exchange-traded derivative
transaction between two parties in which a buyer (holding the &#8220;long&#8221; position) agrees to pay a fixed price (or rate) at a
specified future date for delivery of an underlying reference from a seller (holding the &#8220;short&#8221; position). The seller hopes
that the market price on the delivery date is less than the agreed upon price, while the buyer hopes for the contrary. Certain futures
contract markets are highly volatile, and futures contracts may be illiquid. Futures exchanges may limit fluctuations in futures contract
prices by imposing a maximum permissible daily price movement. The Fund may be disadvantaged if it is prohibited from executing a trade
outside the daily permissible price movement. At or prior to maturity of a futures contract, the Fund may enter into an offsetting contract
and may incur a loss to the extent there has been adverse movement in futures contract prices. The liquidity of the futures markets depends
on participants entering into offsetting transactions rather than making or taking delivery. To the extent participants make or take delivery,
liquidity in the futures market could be reduced. Positions in futures contracts may be closed out only on the exchange on which they
were entered into or through a linked exchange, and no secondary market exists for such contracts. Futures positions are marked to market
each day and variation margin payment must be paid to or by the Fund. Because of the low margin deposits normally required in futures
trading, it is possible that the Fund may employ a high degree of leverage in the portfolio. As a result, a relatively small price movement
in a futures contract may result in substantial losses to the Fund, exceeding the amount of the margin paid. For certain types of futures
contracts, losses are potentially unlimited. Futures markets are highly volatile and the use of futures may increase the volatility of
the Fund&#8217;s NAV. Futures contracts executed (if any) on foreign exchanges may not provide the same protection as U.S. exchanges.
Futures contracts can increase the Fund&#8217;s risk exposure to underlying references and their attendant risks, such as credit risk,
market risk, foreign currency risk and interest rate risk, while also exposing the Fund to correlation risk, counterparty risk, hedging
risk, inflation risk, leverage risk, liquidity risk, pricing risk and volatility risk.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivativesRiskOptionsRiskMember_zME4dzN8nbFk">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives Risk &#8211; Options Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Options are derivatives that give the purchaser
the option to buy (call) or sell (put) an underlying reference from or to a counterparty at a specified price (the strike price) on or
before an expiration date. When writing options, the Fund is exposed to the risk that it may be required to buy or sell the underlying<br/>
reference at a disadvantageous price on or before the expiration date. Options may involve economic leverage, which could result in greater
volatility in price movement. The Fund&#8217;s losses could be significant, and are potentially unlimited for certain types of options.
Options may be traded on a securities exchange or in the over-the-counter market. At or prior to maturity of an options contract, the
Fund may enter into an offsetting contract and may incur a loss to the extent there has been adverse movement in options prices. Options
can increase the Fund&#8217;s risk exposure to underlying references and their attendant risks, such as credit risk, market risk, foreign
currency risk and interest rate risk, while potentially exposing the Fund to correlation risk, counterparty risk, hedging risk, inflation
risk, leverage risk, liquidity risk, pricing risk and volatility risk.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivativesRiskRegulationMember_zDRDyR6J71jk">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives Risk &#8211; Regulation </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There are many rules related to derivatives that
may negatively impact the Fund, such as requirements related to recordkeeping, reporting, portfolio reconciliation, central clearing,
minimum margin for uncleared over-the- counter instruments and mandatory trading on electronic facilities, and other transaction-level
obligations. Parties that act as dealers in swaps, are also subject to extensive business conduct standards, additional &#8220;know your
counterparty&#8221; obligations, documentation standards and capital requirements. All of these requirements add costs to the legal, operational
and compliance obligations of the Adviser and the Fund, and increase the amount of time that the Adviser spends on non-investment-related
activities. Requirements such as these also raise the costs of entering into derivative transactions, and these increased costs will likely
be passed on to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These rules are operationally and technologically
burdensome for the Adviser and the Fund. These compliance obligations require employee training and use of technology, and there are operational
risks borne by the Fund in implementing procedures to comply with many of these additional obligations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These regulations may also result in the Fund
forgoing the use of certain trading counterparties (such as broker-dealers and futures commission merchants (&#8220;FCMs&#8221;)), as
the use of other parties may be more efficient for the Fund from a regulatory perspective. However, this could limit the Fund's trading
activities, create losses, preclude the Fund from engaging in certain transactions or prevent the Fund from trading at optimal rates and
terms.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Many of these requirements were implemented under
legislation intended to reform the U.S. financial regulatory system, the EU Regulation on OTC Derivatives, Central Counterparties and
Trade Repositories (known as the European Market Infrastructure Regulation, or &#8220;EMIR&#8221;) and similar regulations globally. In
the United States, regulatory responsibility for derivatives is divided between the SEC and the Commodities Futures Trading Commission
(&#8220;CFTC&#8221;), a distinction that does not exist in any other jurisdiction. The SEC has regulatory authority over &#8220;security-based
swaps&#8221; and the CFTC has regulatory authority over &#8220;swaps&#8221;. EMIR is being implemented in phases through the adoption
of delegated acts by the European Commission. As a result of the SEC and CFTC bifurcation and the different pace at which the SEC, the
CFTC, the European Commission and other international regulators have promulgated necessary regulations, different transactions are subject
to different levels of regulation. Though many rules and regulations have been finalized, there are others, particularly SEC regulations
with respect to security-based swaps that are still in the proposal stage or are expected to be introduced in the future.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivativesRiskSwapsRiskMember_z0FWR1BfVb0l">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives Risk &#8211; Swaps Risk. </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In a typical swap transaction, two parties agree
to exchange the return earned on a specified underlying reference for a fixed return or the return from another underlying reference during
a specified period of time. Swaps may be difficult to value and may be illiquid. Swaps could result in Fund losses if the underlying asset
or reference does not perform as anticipated. Swaps create significant investment leverage such that a relatively small price movement
in a swap may result in immediate and substantial losses to the Fund. The Fund may only close out a swap with its particular counterparty
and may only transfer a position with the consent of that counterparty. Certain swaps, such as short swap transactions and total return
swaps, have the potential for unlimited losses, regardless of the size of the initial position. Swaps can increase the Fund&#8217;s risk
exposure to underlying references and their attendant risks, such as credit risk, market risk and interest rate risk, while potentially
exposing the Fund to leverage risk, counterparty risk (i.e., the risk of counterparty default on its obligations under the swap agreement),
illiquidity risk, valuation risk and volatility risk.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DistressedAndDefaultedSecuritiesRiskMember_zwdKgZkGMj31">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Distressed and Defaulted Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in the securities of financially distressed
issuers are speculative and involve substantial risks. These securities may present a substantial risk of default or may be in default
at the time of investment. The Fund may incur additional expenses to the extent it is required to seek recovery upon a default in the
payment of principal or interest on its portfolio holdings. In any reorganization or liquidation proceeding relating to a portfolio company,
the Fund may lose its entire investment or may be required to accept cash or securities with a value less than its original investment.
Among the risks inherent in investments in a troubled entity is that it frequently may be difficult to obtain information as to the true
financial condition of such issuer. The Adviser&#8217;s judgment about the credit quality of the issuer and the relative value and liquidity
of its securities may prove to be wrong. Distressed securities and any securities received in an exchange for such securities may be subject
to restrictions on resale.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--EquitySecuritiesRiskMember_zh1BrqWoI9c8">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Equity Securities Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund expects to buy and sell private and public
equity securities. The value of equity securities of public and private, listed and unlisted companies and equity derivatives generally
varies with the performance of the issuer and movements in the equity markets. As a result, the Fund may suffer losses if it invests in
equity instruments of issuers whose performance diverges from the Adviser&#8217;s expectations or if equity markets generally move in
a single direction and the Fund has not hedged against such a general move. The Fund also may be exposed to risks that issuers will not
fulfill contractual obligations such as, in the case of convertible securities or private placements, delivering marketable common stock
upon conversions of convertible securities and registering restricted securities for public resale.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--EmergingMarketSecuritiesRiskMember_zzYphH1inBQh">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Emerging Market Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Securities issued by foreign governments or companies
in emerging market countries,&#160;such as&#160;China, Russia and certain countries in Eastern Europe, the Middle East, Asia, Latin America
or Africa, are more likely to have greater exposure to the risks of investing in foreign securities that are described in Foreign Securities
Risk. In addition, emerging market countries are more likely to experience instability resulting, for example, from rapid changes or developments
in social, political, economic or other conditions. Their economies are usually less mature and their securities markets are typically
less developed with more limited trading activity (<i>i.e.</i>, lower trading volumes and less liquidity) than more developed countries.
Emerging market securities tend to be more volatile than securities in more developed markets. Many emerging market countries are heavily
dependent on international trade and have fewer trading partners, which makes them more sensitive to world commodity prices and economic
downturns in other countries. Some emerging market countries have a higher risk of currency devaluations, and some of these countries
may experience periods of high inflation or rapid changes in inflation rates and may have hostile relations with other countries.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ExchangeTradedFundETFRiskMember_zI4i2ty3F9qh">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Exchange Traded Fund (ETF) Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in ETFs have unique characteristics,
including, but not limited to, the expense structure and additional expenses associated with investing in ETFs. An ETF&#8217;s share price
may not track its specified market index (if any) and may trade below its NAV. Certain ETFs use a &#8220;passive&#8221; investment strategy
and do not take defensive positions in volatile or declining markets. Other ETFs in which the Fund may invest are actively managed ETFs
(i.e., they do not track a particular benchmark), which indirectly subjects the Fund to active management risk. An active secondary market
in an ETF&#8217;s shares may not develop or be maintained and may be halted or interrupted due to actions by its listing exchange, unusual
market conditions or other reasons. There can be no assurance an ETF&#8217;s shares will continue to be listed on an active exchange.
In addition, the Fund&#8217;s shareholders bear both their proportionate share of the Fund&#8217;s expenses and, indirectly, the ETF&#8217;s
expenses, incurred through the Fund&#8217;s ownership of the ETF. Because the expenses and costs of an underlying ETF are shared by its
investors, redemptions by other investors in the ETF could result in decreased economies of scale and increased operating expenses for
such ETF. These transactions might also result in higher brokerage, tax or other costs for the ETF. This risk may be particularly important
when one investor owns a substantial portion of the ETF.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Funds generally expect to purchase shares
of ETFs through broker-dealers in transactions on a securities exchange, and in such cases the Funds will pay customary brokerage commissions
for each purchase and sale. Shares of an ETF may also be acquired by depositing a specified portfolio of the ETF&#8217;s underlying securities,
as well as a cash payment generally equal to accumulated dividends of the securities (net of expenses) up to the time of deposit, with
the ETF&#8217;s custodian, in exchange for which the ETF will issue a quantity of new shares sometimes referred to as a &#8220;creation
unit.&#8221; Similarly, shares of an ETF purchased on an exchange may be accumulated until they represent a creation unit, and the creation
unit may be redeemed in-kind for a portfolio of the underlying securities (based on the ETF&#8217;s NAV) together with a cash payment
generally equal to accumulated dividends as of the date of redemption. The Funds may redeem creation units for the underlying securities
(and any applicable cash), and may assemble a portfolio of the underlying securities (and any required cash) to purchase creation units.
The Funds&#8217; ability to redeem creation units may be limited by the 1940 Act, which provides that ETFs, the shares of which are purchased
in reliance on Section 12(d)(1)(F) of the 1940 Act, will not be obligated to redeem such shares in an amount exceeding one percent of
their total outstanding securities during any period of less than 30 days.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember_zQJU7D3TgYtc">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Failures of Futures Commission Merchants and
Clearing Organizations Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is required to deposit funds to margin
open positions in cleared derivative instruments (both futures and swaps) with a clearing broker registered as a &#8220;futures commission
merchant&#8221; (&#8220;FCM&#8221;). The CEA requires an FCM to segregate all funds received from customers with respect to any orders
for the purchase or sale of U.S. domestic futures contracts and cleared swaps from the FCM&#8217;s proprietary assets. Similarly, the
CEA requires each FCM to hold in a separate secure account all funds received from customers with respect to any orders for the purchase
or sale of foreign futures contracts and segregate any such funds from the funds received with respect to domestic futures contracts.
However, all funds and other property received by an FCM from its customers are held by an FCM on a commingled basis in an omnibus account
and amounts in excess of assets posted to the clearing organization may be invested by an FCM in certain instruments permitted under the
applicable regulation. There is a risk that assets deposited by the Fund with any FCM as margin for futures contracts may, in certain
circumstances, be used to satisfy losses of other clients of the Fund&#8217;s FCM. In addition, the assets of the Fund posted as margin
against both swaps and futures contracts may not be fully protected in the event of the FCM&#8217;s bankruptcy.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98D_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ForeignSecuritiesRiskMember_z5LijjNqVyXf">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Foreign Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in or exposure to foreign securities
involve certain risks not associated with investments in or exposure to securities of U.S. companies. For example, foreign markets can
be extremely volatile. Foreign securities may also be less liquid,&#160;making them more difficult to trade, than securities of U.S. companies
so that the Fund may, at times, be unable to sell foreign securities at desirable times or prices. Brokerage commissions, custodial costs
and other fees are also generally higher for foreign securities. The Fund may have limited or no legal recourse in the event of default
with respect to certain foreign securities, including those issued by foreign governments. In addition, foreign governments may impose
withholding or other taxes on the Fund&#8217;s income, capital gains or proceeds from the disposition of foreign securities, which could
reduce the Fund&#8217;s return on such securities. In some cases, such withholding or other taxes could potentially be confiscatory. Other
risks include: possible delays in the settlement of transactions or in the payment of income; generally less publicly available information
about foreign companies; the impact of economic, political, social, diplomatic or other conditions or events (including, for example,
military confrontations, war, terrorism and disease/virus outbreaks and epidemics), possible seizure, expropriation or nationalization
of a company or its assets or the assets of a particular investor or category of investors; accounting, auditing and financial reporting
standards that may be less comprehensive and stringent than those applicable to domestic companies; the imposition of economic and other
sanctions against a particular foreign country, its nationals or industries or businesses within the country; and the generally less stringent
standard of care to which local agents may be held in the local markets. In addition, it may be difficult to obtain reliable information
about the securities and business operations of certain foreign issuers. Governments or trade groups may compel local agents to hold securities
in designated depositories that are not subject to independent evaluation. The less developed a country&#8217;s securities market is,
the greater the level of risks.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The risks posed by sanctions against a particular
foreign country, its nationals or industries or businesses within the country may be heightened to the extent the Fund invests significantly
in the affected country or region or in issuers from the affected country that depend on global markets. Additionally, investments in
certain countries may subject the Fund to a number of tax rules, the application of which may be uncertain. Countries may amend or revise
their existing tax laws, regulations and/or procedures in the future, possibly with retroactive effect. Changes in or uncertainties regarding
the laws, regulations or procedures of a country could reduce the after-tax profits of the Fund, directly or indirectly, including by
reducing the after-tax profits of companies located in such countries in which the Fund invests, or result in unexpected tax liabilities
for the Fund. The performance of the Fund may also be negatively affected by fluctuations in a foreign currency's strength or weakness
relative to the U.S. dollar, particularly&#160;to the extent&#160;the Fund invests a significant percentage of its assets in foreign securities
or other assets denominated in currencies other than the U.S. dollar. Currency rates in foreign countries may fluctuate significantly
over short or long periods of time for a number of reasons, including changes in interest rates, imposition of currency exchange controls
and economic or political developments in the U.S. or abroad. The Fund may also incur currency conversion costs when converting foreign
currencies into U.S. dollars and vice versa.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--FrequentTradingRiskMember_z7BpONboXjh">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Frequent Trading Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The portfolio managers may actively and frequently
trade investments in the Fund's portfolio to carry out its investment strategies. Frequent trading of investments increases the possibility
that the Fund, as relevant, will realize taxable capital gains (including short-term capital gains, which are generally taxable to shareholders
at higher rates than long-term capital gains for U.S. federal income tax purposes), which could reduce the Fund's after-tax return. Frequent
trading can also mean higher brokerage and other transaction costs, which could reduce the Fund's return. The trading costs and tax effects
associated with portfolio turnover may adversely affect the Fund&#8217;s performance.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--GovernmentInterventionsRiskMember_zDDy9ASnNwj1">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Government Interventions Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Extreme volatility and illiquidity in markets
has in the past led to, and may in the future lead to, extensive governmental interventions in equity, debt, credit and currency markets.
Generally, such interventions are intended to reduce volatility and precipitous drops in value. In certain cases, governments have intervened
on an "emergency" basis, suddenly and substantially eliminating market participants' ability to continue to implement certain
strategies or manage the risk of their outstanding positions. In addition, these interventions have typically been unclear in scope and
application, resulting in uncertainty. It is impossible to predict when these restrictions will be imposed, what the interim or permanent
restrictions will be and/or the effect of such restrictions on the Fund's strategies.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_986_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--HedgingTransactionsMember_zgzUqNvooCYi">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Hedging Transactions</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may utilize financial instruments, both
for investment purposes and for risk management purposes in order to (i) protect against possible changes in the market value of the Fund's
investment portfolio resulting from fluctuations in the securities markets and changes in interest rates; (ii) protect the Fund's unrealized
gains in the value of the Fund's investment portfolio; (iii) facilitate the sale of any such investments; (iv) enhance or preserve returns,
spreads or gains on any investment in the Fund's portfolio; (v) hedge the interest rate or currency exchange rate on any of the Fund's
liabilities or assets; (vi) protect against any increase in the price of any securities the Fund anticipates purchasing at a later date
or (vii) for any other reason that the Adviser deems appropriate.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The success of the Fund's hedging strategy will
depend, in part, upon the Adviser&#8217;s ability to correctly assess the degree of correlation between the performance of the instruments
used in the hedging strategy and the performance of the portfolio investments being hedged. Since the characteristics of many securities
change as markets change or time passes, the success of the Fund's hedging strategy will also be subject to the Adviser's ability to continually
recalculate, readjust and execute hedges in an efficient and timely manner. While the Fund may enter into hedging transactions to seek
to reduce risk, such transactions may result in a poorer overall performance for the Fund than if it had not engaged in such hedging transactions.
For a variety of reasons, the Adviser may not seek to establish a perfect correlation between the hedging instruments utilized and the
portfolio holdings being hedged. Such an imperfect correlation may prevent the Fund from achieving the intended hedge or expose the Fund
to risk of loss. The Adviser may not hedge against a particular risk because it does not regard the probability of the risk occurring
to be sufficiently high as to justify the cost of the hedge, or because it does not foresee the occurrence of the risk. The successful
utilization of hedging and risk management transactions requires skills complementary to those needed in the selection of the Fund's portfolio
holdings.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--HighYieldInvestmentsRiskMember_zXAbkKc2DCZ7">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>High-Yield Investments Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Securities and other debt instruments held by
the Fund that are rated below investment grade (commonly called &#8220;high-yield&#8221; or &#8220;junk&#8221; bonds) and unrated debt
instruments of comparable quality tend to be more sensitive to credit risk than higher-rated debt instruments and may experience greater
price fluctuations in response to perceived changes in the ability of the issuing entity or obligor to pay interest and principal when
due than to changes in interest rates. These investments are generally more likely to experience a default than higher-rated debt instruments.
High-yield debt instruments are considered to be predominantly speculative with respect to the issuer&#8217;s capacity to pay interest
and repay principal. These debt instruments typically pay a premium &#8211; a higher interest rate or yield &#8211; because of the increased
risk of loss, including default. High-yield debt instruments may require a greater degree of judgment to establish a price, may be difficult
to sell at the time and price the Fund desires, may carry high transaction costs, and also are generally less liquid than higher-rated
debt instruments. The ratings provided by third party rating agencies are based on analyses by these ratings agencies of the credit quality
of the debt instruments and may not take into account every risk related to whether interest or principal will be timely repaid. In adverse
economic and other circumstances, issuers of lower-rated debt instruments are more likely to have difficulty making principal and interest
payments than issuers of higher-rated debt instruments.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98E_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--IlliquidInvestmentsRiskMember_zwBBi8zJJg8c">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Illiquid Investments Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in securities, bank debt,
private funds and companies, other assets and/or third-party managers and other claims, which are subject to legal or other restrictions
on transfer or for which no liquid market exists. The market prices, if any, for such investments tend to be volatile and may not be readily
ascertainable, and the Fund may not be able to execute a buy or sell order on exchanges at the desired price or to liquidate an open position
due to market conditions, including the operation of daily price fluctuation limits. The sale of restricted and illiquid securities often
requires more time and results in higher brokerage charges or dealer discounts and other selling expenses than does the sale of securities
eligible for trading on national securities exchanges or in the over-the-counter markets. The Fund may not be able to readily dispose
of such illiquid investments and, in some cases, may be contractually prohibited from disposing of such investments for a specified period
of time. If trading on an exchange is suspended or restricted, the Fund may not be able to execute trades or close out positions on terms
that the Adviser believes are desirable. Realization of value from such investments may be difficult in the short-term, or may have to
be made at a substantial discount compared to other freely tradable investments. An investment in the Fund is suitable only for certain
sophisticated investors who do not require immediate liquidity for their investments.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InflationRiskMember_zlUf7ZbElDT3">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Inflation Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Inflation risk is the risk that the value of assets
or income from investment will be worth less in the future, as inflation decreases the value of money. As inflation increases, the real
value of the common shares and distributions on those shares can decline. In addition, during any periods of rising inflation, interest
rates on any borrowings by the Fund would likely increase, which would tend to further reduce returns to the holders of common shares.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InflationIndexedBondsRiskMember_z9fOvhWvuSrj">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Inflation-Indexed Bonds Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in inflation-indexed bonds,
which are fixed-income securities or other instruments whose principal value is periodically adjusted according to the rate of inflation.
Two structures are common. The U.S. Treasury and some other issuers use a structure that accrues inflation into the principal value of
the bond. Most other issuers pay out the Consumer Price Index (&#8220;CPI&#8221;) accruals as part of a semi-annual coupon.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Inflation-indexed securities issued by the U.S.
Treasury have maturities of five, ten or thirty years, although it is possible that securities with other maturities will be issued in
the future. The U.S. Treasury securities pay interest on a semi-annual basis, equal to a fixed percentage of the inflation-adjusted principal
amount. For example, if the Fund purchased an inflation-indexed bond with a par value of $1,000 and a 3% real rate of return coupon (payable
1.5% semi-annually), and inflation over the first six months was 1%, the mid-year par value of the bond would be $1,010 and the first
semiannual interest payment would be $15.15 ($1,010 times 1.5%). If inflation during the second half of the year resulted in the whole
year&#8217;s inflation equaling 3%, the end-of-year par value of the bond would be $1,030 and the second semi-annual interest payment
would be $15.45 ($1,030 times 1.5%).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the periodic adjustment rate measuring inflation
falls, the principal value of inflation-indexed bonds will be adjusted downward, and, consequently, the interest payable on these securities
(calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted
for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds, even during a period of deflation. However, the current
market value of the bonds is not guaranteed, and will fluctuate. The Fund may also invest in other inflation related bonds which may or
may not provide a similar guarantee. If a guarantee of principal is not provided, the adjusted principal value of the bond repaid at maturity
may be less than the original principal. In addition, if the Fund purchases inflation-indexed bonds offered by foreign issuers, the rate
of inflation measured by the foreign inflation index may not be correlated to the rate of inflation in the United States.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The value of inflation-indexed bonds is expected
to change in response to changes in real interest rates. Real interest rates, in turn, are tied to the relationship between nominal interest
rates and the rate of inflation. Therefore, if inflation were to rise at a faster rate than nominal interest rates, real interest rates
might decline, leading to an increase in value of inflation-indexed bonds. In contrast, if nominal interest rates increased at a faster
rate than inflation, real interest rates might rise, leading to a decrease in value of inflation-indexed bonds. There can be no assurance,
however, that the value of inflation-indexed bonds will be directly correlated to changes in interest rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While these securities are expected to be protected
from long-term inflationary trends, short-term increases in inflation may lead to a decline in value. If interest rates rise due to reasons
other than inflation (for example, due to changes in currency exchange rates), investors in these securities may not be protected to the
extent that the increase is not reflected in the bond&#8217;s inflation measure.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In general, the measure used to determine the
periodic adjustment of U.S. inflation-indexed bonds is the Consumer Price Index for Urban Consumers (&#8220;CPI-U&#8221;), which is calculated
monthly by the U.S. Bureau of Labor Statistics. The CPI-U is a measurement of changes in the cost of living, made up of components such
as housing, food, transportation and energy. Inflation-indexed bonds issued by a foreign government are generally adjusted to reflect
a comparable inflation index, calculated by that government. There can be no assurance that the CPI-U or any foreign inflation index will
accurately measure the real rate of inflation in the prices of goods and services. Moreover, there can be no assurance that the rate of
inflation in a foreign country will be correlated to the rate of inflation in the United States.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any increase in the principal amount of an inflation-indexed
bond will be considered taxable ordinary income, even though investors do not receive their principal until maturity.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InformationTechnologySystemsRiskMember_zGB3CZWeqkEb">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Information Technology Systems Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is dependent on the Adviser for certain
management services as well as back-office functions. The Adviser depends on information technology systems in order to assess investment
opportunities, strategies and markets and to monitor and control risks for the Fund. It is possible that a failure of some kind which
causes disruptions to these information technology systems could materially limit the Adviser&#8217;s ability to adequately assess and
adjust investments, formulate strategies and provide adequate risk control. Any such information technology-related difficulty could harm
the performance of the Fund. Further, failure of the back-office functions of the Adviser to process trades in a timely fashion could
prejudice the investment performance of the Fund.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InterestRatesRiskMember_zlHOI8cyX2Ka">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Interest Rate Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest rate risk is the risk of losses attributable
to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest
rates fall, the values of debt instruments tend to rise. Changes in the value of a debt instrument usually will not affect the amount
of income the Fund receives from it but will generally affect the value of your investment in the Fund. Changes in interest rates may
also affect the liquidity of the Fund&#8217;s investments in debt instruments. In general, the longer the maturity or duration of a debt
instrument, the greater its sensitivity to changes in interest rates. Interest rate declines also may increase prepayments of debt obligations,
which, in turn, would increase prepayment risk (the risk that the Fund will have to reinvest the money received in securities that have
lower yields). Very low or negative interest rates may prevent the Fund from generating positive returns and may increase the risk that,
if followed by rising interest rates, the Fund&#8217;s performance will be negatively impacted. The Fund is subject to the risk that the
income generated by its investments may not keep pace with inflation. Actions by governments and central banking authorities can result
in increases in interest rates. Such actions may negatively affect the value of debt instruments held by the Fund, resulting in a negative
impact on the Fund's performance and NAV. Any interest rate increases could cause the value of the Fund&#8217;s investments in debt instruments
to decrease. Rising interest rates may prompt redemptions from the Fund, which may force the Fund to sell investments at a time when it
is not advantageous to do so, which could result in losses.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--IssuerRiskMember_z0KZMhnenKJc">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Issuer Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An issuer in which the Fund invests or to which
it has exposure may perform poorly or below expectations, and the value of its securities may therefore decline, which may negatively
affect the Fund&#8217;s performance. Underperformance of an issuer may be caused by poor management decisions, competitive pressures,
breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural
disasters, military confrontations, war, terrorism, disease/virus outbreaks,&#160;epidemics or other events, conditions and factors which
may impair the value of an investment in the Fund&#160;and could result in increased premiums or discounts to the Fund&#8217;s net asset
value.</p>

</div>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<div id="xdx_983_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InvestmentCompanyActRegulationsRiskMember_z2vGUkAudCHa">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Investment Company Act Regulations Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is a registered closed-end management
investment company and as such is subject to regulations under the Investment Company Act. Generally speaking, any contract or provision
thereof that is made, or where performance involves a violation of the Investment Company Act or any rule or regulation thereunder is
unenforceable by either party unless a court finds otherwise.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--LegalTaxAndRegulatoryRisksMember_zkbt9eEfyzej">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Legal, Tax and Regulatory Risks</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal, tax and regulatory changes could occur
that may have material adverse effects on the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To qualify for the favorable U.S. federal income
tax treatment generally accorded to RICs, the Fund must, among other things, derive in each taxable year at least 90% of its gross income
from certain prescribed sources and distribute for each taxable year at least 90% of its &#8220;investment company taxable income&#8221;
(generally, ordinary income plus the excess, if any, of net short-term capital gain over net long-term capital loss). If for any taxable
year the Fund does not qualify as a RIC, all of its taxable income for that year (including its net capital gain) would be subject to
tax at regular corporate rates without any deduction for distributions to shareholders, and such distributions would be taxable as ordinary
dividends to the extent of the Fund&#8217;s current and accumulated earnings and profits.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The current presidential administration has called
for significant changes to U.S. fiscal, tax, trade, healthcare, immigration, foreign, and government regulatory policy. In this regard,
there is significant uncertainty with respect to legislation, regulation and government policy at the federal level, as well as the state
and local levels. Recent events have created a climate of heightened uncertainty and introduced new and difficult-to-quantify macroeconomic
and political risks with potentially far-reaching implications. There has been a corresponding meaningful increase in the uncertainty
surrounding interest rates, inflation, foreign exchange rates, trade volumes and fiscal and monetary policy. To the extent the U.S. Congress
or the current presidential administration implements changes to U.S. policy, those changes may impact, among other things, the U.S. and
global economy, international trade and relations, unemployment, immigration, corporate taxes, healthcare, the U.S. regulatory environment,
inflation and other areas. Although the Fund cannot predict the impact, if any, of these changes to the Fund&#8217;s business, they could
adversely affect the Fund&#8217;s business, financial condition, operating results and cash flows. Until the Fund knows what policy changes
are made and how those changes impact the Fund&#8217;s business and the business of the Fund&#8217;s competitors over the long term, the
Fund will not know if, overall, the Fund will benefit from them or be negatively affected by them.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The rules dealing with U.S. federal income taxation
are constantly under review by persons involved in the legislative process and by the Internal Revenue Service and the U.S. Treasury Department.
Revisions in U.S. federal tax laws and interpretations of these laws could adversely affect the tax consequences of your investment.</p>

</div>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--LeverageRiskMember_zil6SOAEN6ul">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Leverage Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund uses leverage through direct borrowings
(e.g., through its Facility) and through any of the financial instruments described herein, including derivative instruments (such as
options and swaps), which are inherently leveraged and trading in products with embedded leverage such as short sales and forwards. The
instruments and borrowings utilized by the Fund to leverage investments are typically collateralized by the Fund&#8217;s portfolio.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The use of leverage will magnify the volatility
of changes in the value of the investments of the Fund. Accordingly, any event which adversely affects the value of an investment would
be magnified to the extent the investment is leveraged. The cumulative effect of the use of leverage by the Fund in a market that moves
adversely to its investments could result in substantial losses to the Fund, which would be greater than if the Fund was not leveraged.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While leverage increases the buying power of the
Fund and presents opportunities for increasing total returns, it has the effect of potentially increasing losses as well. For example,
funds borrowed for leveraging will be subject to interest, transaction and other costs, and other types of leverage also involve transaction
and other costs. Any such costs may or may not be recovered by the return on the Fund&#8217;s portfolio. Leverage will increase the investment
return of the Fund if an investment purchased with or utilizing leverage earns a greater return than the cost to the Fund of such leverage.
The use of leverage will decrease the investment return if the Fund fails to recover the cost of such leverage.</p>

</div>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_SharePriceTableTextBlock', window );">Share Price [Table Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">




<td style="padding-bottom: 1pt; text-align: justify">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>NYSE
                                            Market Price</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Per
                                            Common Share</b></p></td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 11pt"><b>NAV per Common Share on Date of Market Price</b></span></td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 11pt"><b>Premium/ (Discount) on Date of Market Price</b></span></td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Trading</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="padding-bottom: 1pt; font-weight: bold; text-align: justify">During Quarter Ended</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">High</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Low</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">High</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Low</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">High</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Low</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Volume</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="width: 27%; text-align: justify">April 30, 2025</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_986_ecef--HighestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z42DMpaN7im3" style="width: 7%; text-align: right">7.99</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_986_ecef--LowestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3LJCDIF64mg" style="width: 7%; text-align: right">6.91</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zORMJF78Zv96" style="width: 7%; text-align: right">8.60</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBofBVzJ8png" style="width: 7%; text-align: right">7.71</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td id="xdx_981_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_znFJhAME14wc" style="width: 7%; text-align: right">-7.09</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td id="xdx_982_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZnJjk6PLSrk" style="width: 7%; text-align: right">-10.38</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 10%; text-align: right">10,418,727</td><td style="width: 1%; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">January 31, 2025</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKaxIsmXuG1a" style="text-align: right">8.04</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_986_ecef--LowestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0UCbbCFFPS6" style="text-align: right">7.42</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98A_ecef--HighestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zCbeHRa2UnPe" style="text-align: right">8.70</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_983_ecef--LowestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zY4bkyB0QfBk" style="text-align: right">7.99</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_983_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTjL6NhQTMca" style="text-align: right">-7.59</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0xsDaxtdaR3" style="text-align: right">-7.11</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">14,169,483</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">October 31, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_985_ecef--HighestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTlDB9Enzht6" style="text-align: right">7.59</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_986_ecef--LowestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zIiJK3AIrLR9" style="text-align: right">7.21</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zinfGv82qmk8" style="text-align: right">8.15</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_988_ecef--LowestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNzkfwM37Bkd" style="text-align: right">7.91</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98C_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqsX4bkI5wvl" style="text-align: right">-6.87</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zfVIljTpCUV9" style="text-align: right">-8.88</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">8,213,688</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">July 31, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98A_ecef--HighestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z5XN7p4L9Ylb" style="text-align: right">7.40</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_989_ecef--LowestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zyceR8dVoGJ" style="text-align: right">6.86</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98D_ecef--HighestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zsGqSKMgww7h" style="text-align: right">8.02</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zu7UVKigVnIl" style="text-align: right">7.53</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_988_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zWQzKZe09jZ4" style="text-align: right">-7.73</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98B_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmEsvo12dcw1" style="text-align: right">-8.90</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">9,060,434</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">April 30, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98C_ecef--HighestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3cwJhAxVJ94" style="text-align: right">7.63</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--LowestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z4vaPMnC2dSj" style="text-align: right">7.02</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zHty0ae3EmMj" style="text-align: right">8.21</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--LowestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zn1xDzFJujSb" style="text-align: right">7.83</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_986_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zEI7kgGpbKAl" style="text-align: right">-7.06</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNKAyvmjVGNj" style="text-align: right">-10.57</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">11,197,324</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">January 31, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_980_ecef--HighestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZt0NwwSvT8k" style="text-align: right">7.94</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98A_ecef--LowestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zkmEsnZrTux7" style="text-align: right">7.31</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_ztb4qo543eLc" style="text-align: right">8.64</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_989_ecef--LowestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNQj6sEzs6W3" style="text-align: right">8.00</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98E_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zpbqbi4NTeN9" style="text-align: right">-8.10</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_983_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zSOJtf5clT33" style="text-align: right">-8.63</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">10,650,851</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">October 31, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_989_ecef--HighestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0BrWLRHdFg4" style="text-align: right">8.04</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--LowestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zw41DQ9sjtB9" style="text-align: right">7.18</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--HighestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zV6U7s8EpGsf" style="text-align: right">8.72</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_981_ecef--LowestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAo1qzoJrlNd" style="text-align: right">8.15</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98F_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zMd7UIQDaOkj" style="text-align: right">-7.80</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_988_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z8h5rfa6U5Ol" style="text-align: right">-11.90</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">8,507,684</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">July 31, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKkqv7wl2i76" style="text-align: right">8.10</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_981_ecef--LowestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z2oLWuVmTV09" style="text-align: right">7.61</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBiUB7TH4boi" style="text-align: right">8.76</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZtYFh3znyPg" style="text-align: right">8.35</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_982_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zvZm5LqGPXql" style="text-align: right">-7.53</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_981_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmz4yINV3lZ8" style="text-align: right">-8.86</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">8,045,549</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">April 30, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--HighestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zaQvlouMKxoc" style="text-align: right">8.42</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_988_ecef--LowestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqQrC1JfYYtl" style="text-align: right">7.66</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98E_ecef--HighestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zxaqcGF21psg" style="text-align: right">9.14</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zbiG0SjrKdk1" style="text-align: right">8.60</td><td style="text-align: left">&#160;</td>

<td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98D_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zo2kShvt1a6d" style="text-align: right">-7.93</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zRNjkjTUFhqa" style="text-align: right">-10.93</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">6,926,864</td><td style="text-align: left">&#160;</td></tr>
  </table><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_CapitalStockLongTermDebtAndOtherSecuritiesAbstract', window );"><strong>Capital Stock, Long-Term Debt, and Other Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_CapitalStockTableTextBlock', window );">Capital Stock [Table Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p id="xdx_A8D_ecef--CapitalStockTableTextBlock_zC3xJ7VPa5Zj" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">DESCRIPTION OF
SHARES</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_908_ecef--SecurityTitleTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z97CIGzogd89">Common Shares</span></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is a business trust formed under the
laws of the Commonwealth of Massachusetts and governed by the Declaration of Trust. The Fund is authorized to issue an unlimited number
of common shares of beneficial interest, without par value. <span id="xdx_906_ecef--SecurityVotingRightsTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAdiUoAi8Nsj">Each common share has one vote</span> and, when issued and paid for in accordance
with the terms of this offering, will be fully paid and the purchasers of the common shares will have no obligation to make further payments
for the purchase of the common shares or contributions to the Fund solely by reason of their ownership of the common shares, except that
the Board of Trustees of the Fund (the &#8220;Board&#8221;) shall have the power to cause shareholders to pay certain expenses of the
Fund by setting off charges due from shareholders from declared but unpaid dividends or distributions owed the shareholders and/or by
reducing the number of common shares owned by each respective shareholder. Shareholders are entitled to one vote for each share held.
When preferred shares are outstanding, the holders of common shares will not be entitled to receive any distributions from the Fund unless
all accrued dividends on preferred shares have been paid, unless asset coverage (as defined in the Investment Company Act) with respect
to preferred shares would be at least 200% after giving effect to the distributions and unless certain other requirements imposed by any
rating agencies rating the preferred shares have been met. See &#8220;Description of Shares&#8212;Preferred Shares&#8221; in the SAI.
<span id="xdx_902_ecef--SecurityPreemptiveAndOtherRightsTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zJvrER1XAuK7">All common shares are equal as to dividends, assets and voting privileges and have no conversion, preemptive or other subscription rights.</span>
The Fund will send annual and semi-annual reports, including financial statements, to all holders of its shares.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unlike open-end funds, closed-end funds like the
Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy additional common
shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise. Because the market
value of the common shares may be influenced by such factors as dividend levels (which are in turn affected by expenses), call protection
on its portfolio securities, dividend stability, portfolio credit quality, the Fund&#8217;s NAV, relative demand for and supply of such
shares in the market, general market and economic conditions and other factors beyond the control of the Fund, the Fund cannot assure
you that its common shares will trade at a price equal to or higher than NAV in the future. The common shares are designed primarily for
long-term investors and you should not purchase the common shares if you intend to sell them soon after purchase. See &#8220;Repurchase
of Common Shares&#8221; below and &#8220;Repurchase of Common Shares&#8221; in the SAI.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund&#8217;s outstanding common shares are,
and when issued, the common shares offered by this Prospectus will be, publicly held and listed and traded on the NYSE under the symbol
&#8220;BRW.&#8221; The Fund determines its NAV on a daily basis as of the close of the regular trading session. The following table sets
forth, for the quarters indicated, the highest and lowest daily closing prices on the NYSE per common share, and the NAV per common share
and the premium to or discount from NAV, on the date of each of the high and low market prices. The table also sets forth the number of
common shares traded on the NYSE during the respective quarters.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<div>
<div id="xdx_98D_ecef--SharePriceTableTextBlock_c20250703__20250703_zK8NHZX18Nbk">
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">




<td style="padding-bottom: 1pt; text-align: justify">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>NYSE
                                            Market Price</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Per
                                            Common Share</b></p></td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 11pt"><b>NAV per Common Share on Date of Market Price</b></span></td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 11pt"><b>Premium/ (Discount) on Date of Market Price</b></span></td><td style="padding-bottom: 1pt">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Trading</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="padding-bottom: 1pt; font-weight: bold; text-align: justify">During Quarter Ended</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">High</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Low</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">High</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Low</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">High</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Low</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Volume</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="width: 27%; text-align: justify">April 30, 2025</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_986_ecef--HighestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z42DMpaN7im3" style="width: 7%; text-align: right">7.99</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_986_ecef--LowestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3LJCDIF64mg" style="width: 7%; text-align: right">6.91</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zORMJF78Zv96" style="width: 7%; text-align: right">8.60</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBofBVzJ8png" style="width: 7%; text-align: right">7.71</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td id="xdx_981_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_znFJhAME14wc" style="width: 7%; text-align: right">-7.09</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td id="xdx_982_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZnJjk6PLSrk" style="width: 7%; text-align: right">-10.38</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 10%; text-align: right">10,418,727</td><td style="width: 1%; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">January 31, 2025</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKaxIsmXuG1a" style="text-align: right">8.04</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_986_ecef--LowestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0UCbbCFFPS6" style="text-align: right">7.42</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98A_ecef--HighestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zCbeHRa2UnPe" style="text-align: right">8.70</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_983_ecef--LowestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zY4bkyB0QfBk" style="text-align: right">7.99</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_983_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTjL6NhQTMca" style="text-align: right">-7.59</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0xsDaxtdaR3" style="text-align: right">-7.11</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">14,169,483</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">October 31, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_985_ecef--HighestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTlDB9Enzht6" style="text-align: right">7.59</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_986_ecef--LowestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zIiJK3AIrLR9" style="text-align: right">7.21</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zinfGv82qmk8" style="text-align: right">8.15</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_988_ecef--LowestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNzkfwM37Bkd" style="text-align: right">7.91</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98C_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqsX4bkI5wvl" style="text-align: right">-6.87</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zfVIljTpCUV9" style="text-align: right">-8.88</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">8,213,688</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">July 31, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98A_ecef--HighestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z5XN7p4L9Ylb" style="text-align: right">7.40</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_989_ecef--LowestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zyceR8dVoGJ" style="text-align: right">6.86</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98D_ecef--HighestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zsGqSKMgww7h" style="text-align: right">8.02</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zu7UVKigVnIl" style="text-align: right">7.53</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_988_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zWQzKZe09jZ4" style="text-align: right">-7.73</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98B_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmEsvo12dcw1" style="text-align: right">-8.90</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">9,060,434</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">April 30, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98C_ecef--HighestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3cwJhAxVJ94" style="text-align: right">7.63</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--LowestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z4vaPMnC2dSj" style="text-align: right">7.02</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zHty0ae3EmMj" style="text-align: right">8.21</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--LowestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zn1xDzFJujSb" style="text-align: right">7.83</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_986_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zEI7kgGpbKAl" style="text-align: right">-7.06</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNKAyvmjVGNj" style="text-align: right">-10.57</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">11,197,324</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">January 31, 2024</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_980_ecef--HighestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZt0NwwSvT8k" style="text-align: right">7.94</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98A_ecef--LowestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zkmEsnZrTux7" style="text-align: right">7.31</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_ztb4qo543eLc" style="text-align: right">8.64</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_989_ecef--LowestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNQj6sEzs6W3" style="text-align: right">8.00</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98E_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zpbqbi4NTeN9" style="text-align: right">-8.10</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_983_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zSOJtf5clT33" style="text-align: right">-8.63</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">10,650,851</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">October 31, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_989_ecef--HighestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0BrWLRHdFg4" style="text-align: right">8.04</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--LowestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zw41DQ9sjtB9" style="text-align: right">7.18</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--HighestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zV6U7s8EpGsf" style="text-align: right">8.72</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_981_ecef--LowestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAo1qzoJrlNd" style="text-align: right">8.15</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98F_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zMd7UIQDaOkj" style="text-align: right">-7.80</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_988_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z8h5rfa6U5Ol" style="text-align: right">-11.90</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">8,507,684</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify">July 31, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKkqv7wl2i76" style="text-align: right">8.10</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_981_ecef--LowestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z2oLWuVmTV09" style="text-align: right">7.61</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBiUB7TH4boi" style="text-align: right">8.76</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZtYFh3znyPg" style="text-align: right">8.35</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_982_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zvZm5LqGPXql" style="text-align: right">-7.53</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_981_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmz4yINV3lZ8" style="text-align: right">-8.86</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">8,045,549</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: Gainsboro">
    <td style="text-align: justify">April 30, 2023</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_987_ecef--HighestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zaQvlouMKxoc" style="text-align: right">8.42</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_988_ecef--LowestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqQrC1JfYYtl" style="text-align: right">7.66</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_98E_ecef--HighestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zxaqcGF21psg" style="text-align: right">9.14</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">$</td><td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zbiG0SjrKdk1" style="text-align: right">8.60</td><td style="text-align: left">&#160;</td>

<td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_98D_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zo2kShvt1a6d" style="text-align: right">-7.93</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zRNjkjTUFhqa" style="text-align: right">-10.93</td><td style="text-align: left">%</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">6,926,864</td><td style="text-align: left">&#160;</td></tr>
  </table></div></div>

<p style="margin-top: 0; margin-bottom: 0"></p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of April 30, 2025, the NAV per common share
of the Fund was $<span id="xdx_903_eus-gaap--NetAssetValuePerShare_iI_c20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_za5B8X5Rxp31">8.09</span> and the market price per common share was $<span id="xdx_90D_eus-gaap--SharePrice_iI_c20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zLLC1d4FPhi7">7.68</span>, representing a premium/discount to NAV of <span id="xdx_909_ecef--LatestPremiumDiscountToNavPercent_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zcKf0COhEAFf">-5.07%</span>. Common shares
of the Fund have historically traded at both a premium and discount to NAV.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of April 30, 2025, the Fund has $42,529,493.52
common shares outstanding.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_908_ecef--SecurityTitleTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--PreferredSharesMember_zWL5xBS5Ywo9">Preferred Shares</span></p>

<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Declaration of Trust provides that the Board
may authorize and issue preferred shares, with rights as determined by the Board, by action of the Board without the approval of the holders
of the common shares. Holders of common shares have no preemptive right to purchase any preferred shares that might be issued. The Fund
does not currently intend to issue preferred shares.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the Investment Company Act, the Fund is
not permitted to issue preferred shares unless immediately after such issuance the value of the Fund&#8217;s total assets is at least
200% of the liquidation value of the outstanding preferred shares (i.e., the liquidation value may not exceed 50% of the Fund&#8217;s
total assets). In addition, the Fund is not permitted to declare any cash dividend or other distribution on its common shares unless,
at the time of such declaration, the value of the Fund&#8217;s total assets is at least 200% of such liquidation value. If the Fund issues
preferred shares, it may be subject to restrictions imposed by the guidelines of one or more rating agencies that may issue ratings for
preferred shares issued by the Fund. These guidelines may impose asset coverage or portfolio composition requirements that are more stringent
than those imposed on the Fund by the Investment Company Act. It is not anticipated that these covenants or guidelines would impede the
Adviser from managing the Fund&#8217;s portfolio in accordance with the Fund&#8217;s investment objectives and policies. Please see &#8220;Description
of Shares&#8221; in the SAI for more information.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OutstandingSecuritiesTableTextBlock', window );">Outstanding Securities [Table Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p id="xdx_A8A_ecef--OutstandingSecuritiesTableTextBlock_zDRXePIEXf7" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The following table provides the Fund&#8217;s authorized shares and
common shares outstanding as of April 30, 2025.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; width: 40%"><b>Title of Class</b></td>
    <td style="border-bottom: Black 1pt solid; width: 20%; text-align: center"><b>Amount Authorized</b></td>
    <td style="border-bottom: Black 1pt solid; width: 20%"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Amount</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Held by Fund or for its</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Account</b></p></td>
    <td style="border-bottom: Black 1pt solid; width: 20%"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Amount Outstanding
                           Exclusive of Amount held by</b></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Fund</b></p></td></tr>
  <tr style="vertical-align: top; background-color: Gainsboro">
    <td><span id="xdx_908_ecef--OutstandingSecurityTitleTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zOWATpfVK8d1">Common Shares</span></td>
    <td style="text-align: center">Unlimited</td>
    <td style="text-align: center"><span id="xdx_909_ecef--OutstandingSecurityHeldShares_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zhQAG8fxyNff">45,048,584</span></td>
    <td style="text-align: center"><span id="xdx_904_ecef--OutstandingSecurityNotHeldShares_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAw9Ck053tbl">42,529,494</span></td></tr>
  </table>
<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_ActiveManagementRiskMember', window );">Active Management Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Active Management Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is actively managed and its performance
therefore will reflect, in part, the ability of the portfolio managers to make investment decisions that seek to achieve the Fund&#8217;s
investment objective. Due to its active management, the Fund could underperform its benchmark index and/or other funds with similar investment
objectives and/or strategies.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_ActivistStrategiesRiskMember', window );">Activist Strategies Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Activist Strategies Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may purchase securities of a company
that is the subject of a proxy contest or which activist investors, which could include the Fund and other accounts/funds affiliated with
the Adviser, are attempting to influence, in the expectation that new management or a change in business strategies will cause the price
of the company&#8217;s securities to increase. If the proxy contest, or the new management, is not successful, the market price of the
company&#8217;s securities will typically fall.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, where an acquisition or restructuring
transaction or proxy fight is opposed by the subject company&#8217;s management, the transaction often becomes the subject of litigation.
Such litigation involves substantial uncertainties and may impose substantial cost and expense on the Fund.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_BankLoansRiskMember', window );">Bank Loans Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Bank Loans Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund's investment program may include investments
in of bank loans and participations. These obligations are subject to unique risks, including: (i) the possible invalidation of an investment
transaction as a fraudulent conveyance under relevant creditors' rights laws; (ii) so-called lender-liability claims by the issuer of
the obligations; (iii) environmental liabilities that may arise with respect to collateral securing the obligations; and (iv) limitations
on the ability of the Fund to directly enforce its rights with respect to participations. In analyzing each bank loan or participation,
the Adviser attempts to compare the relative significance of the risks against the expected benefits of the investment. Successful claims
by third parties arising from these and other risks will be borne by the Fund. As secondary market trading volumes increase, new loans
are frequently adopting standardized documentation to facilitate loan trading, which may improve market liquidity. There can be no assurance,
however, that future levels of supply and demand in loan trading will provide an adequate degree of liquidity or that the current level
of liquidity will continue. Because of the provision to holders of such loans of confidential information relating to the borrower, the
unique and customized nature of the loan agreement, and the private syndication of the loan, loans are not as easily purchased or sold
as a publicly traded security, and historically the trading volume in the loan market has been small relative to the high-yield debt market.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_CatastropheBondsRiskMember', window );">Catastrophe Bonds Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Catastrophe Bonds Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Event-linked or catastrophe bonds carry material
uncertainties and risk exposures to adverse conditions. If a trigger event, as defined within the terms of the bond, involves losses or
other metrics exceeding a specific magnitude in the geographic region and time period specified therein, the Fund may lose a portion or
all of its investment in such security, including accrued interest and/or principal invested in such security. Because catastrophe bonds
cover &#8220;catastrophic&#8221; events that, if they occur, will result in significant losses, catastrophe bonds carry a high degree
of risk of loss and are considered &#8220;high yield&#8221; or &#8220;junk bonds.&#8221; The rating, if any, primarily reflects the rating
agency&#8217;s calculated probability that a predefined trigger event will occur. Thus, lower-rated bonds have a greater likelihood of
a triggering event occurring and loss to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Catastrophe bonds are also subject to extension
risk. The sponsor of such an investment might have the right to extend the maturity of the bond or note to verify that the trigger event
did occur or to process and audit insurance claims. The typical duration of mandatory and optional extensions of maturity for reinsurance-related
securities currently is between three months to two years. In certain circumstances, the extension may exceed two years. An extension
to verify the potential occurrence of a trigger event will reduce the value of the bond or note due to the uncertainty of the occurrence
of the trigger event and will hinder the Fund&#8217;s ability to sell the bond or note. Even if it is determined that the trigger event
did not occur, such an extension will delay the Fund&#8217;s receipt of the bond&#8217;s or note&#8217;s principal and prevent the reinvestment
of such proceeds in other, potentially higher yielding securities.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_ClosedEndFundStructureRiskMember', window );">Closed-End Fund Structure Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Closed-End Fund Structure Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unlike open-end funds, closed-end funds like the
Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy additional common
shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise. Because the market
value of the common shares may be influenced by such factors as dividend levels (which are in turn affected by expenses), call protection
on its portfolio securities, dividend stability, portfolio credit quality, the Fund&#8217;s NAV, relative demand for and supply of such
shares in the market, general market and economic conditions and other factors beyond the control of the Fund, the Fund cannot assure
you that its common shares will trade at a price equal to or higher than NAV in the future. The common shares are designed primarily for
long-term investors and you should not purchase the common shares if you intend to sell them soon after purchase.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_CoInvestmentRestrictionsMember', window );">Co-Investment Restrictions [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Co-investment Restrictions</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is prohibited under the Investment Company
Act from participating in certain transactions with its affiliates without the prior approval of the SEC. Any person that owns, directly
or indirectly, 5% or more of the Fund&#8217;s outstanding voting securities will be its affiliate for purposes of the Investment Company
Act and the Fund will generally be prohibited from buying or selling any securities from or to such affiliate. The Investment Company
Act also prohibits certain &#8220;joint&#8221; transactions with certain of the Fund&#8217;s affiliates, which could include investments
in the same portfolio company (whether at the same or different times), without prior approval of the SEC. If a person acquires more than
25% of the Fund&#8217;s voting securities, the Fund will be prohibited from buying or selling any security from or to such person or certain
of that person&#8217;s affiliates, or entering into prohibited joint transactions with such persons, absent the prior approval of the
SEC. Similar restrictions limit the Fund&#8217;s ability to transact business with the Fund&#8217;s officers or Trustees or its affiliates.
As a result of these restrictions, the Fund may be prohibited from buying or selling any security from or to any portfolio company of
an investment fund managed by the Adviser or its affiliates without the prior approval of the SEC, which may limit the scope of investment
opportunities that would otherwise be available to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Adviser has applied for an exemptive order
from the SEC (the &#8220;Order&#8221;) that would grant the funds managed by the Adviser or certain affiliates, the ability to fully negotiate
terms of co-investment transactions with other funds managed by the Adviser or certain affiliates, subject to the conditions included
therein. There is no assurance that the Adviser will receive the Order on a timely basis or at all. Until the Adviser receives the Order,
the Fund will not be permitted to participate in certain investments with the Adviser&#8217;s other funds or its affiliates. Even if the
Order is granted, in certain situations, such as when there is an opportunity to invest in different securities of the same issuer, the
personnel of the Adviser or its affiliates will need to decide which client will proceed with the investment. Such personnel will make
these determinations based on policies and procedures, which are designed to reasonably ensure that investment opportunities are allocated
fairly and equitably among affiliated funds over time and in a manner that is consistent with applicable laws, rules and regulations.
When the Fund participates in a co-investment transaction, the personnel of the Adviser allocates a portion of the investment to the Fund
based on the Fund&#8217;s investment objective and strategies, investment policies, investment positions, capital available for investment,
and other pertinent factors. Any co-investment is made on equal footing with the funds managed by the Adviser or its affiliates, including
identical terms, conditions, price, class of securities purchased, timing, and registration rights. To the extent the Fund is able to
make co-investments with the Adviser&#8217;s affiliates, these co-investment transactions may give rise to conflicts of interest or perceived
conflicts of interest among the Fund and the other participating accounts. Moreover, except in certain circumstances, when relying on
the Order, the Fund is unable to invest in any issuer in which one or more funds managed by the Adviser or its affiliates has previously
invested.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may also invest alongside the Adviser&#8217;s
and its affiliates&#8217; other clients, including other entities they manage, which are referred to as affiliates&#8217; other clients,
in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations and guidance as well as the Adviser&#8217;s
allocation policies. However, the Fund can offer no assurance that investment opportunities will be allocated to it fairly or equitably
in the short-term or over time.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In situations where co-investment with affiliates&#8217;
other clients is not permitted under the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;) and related rules, existing
or future staff guidance, or the terms and conditions of any exemptive relief granted to the Fund by the SEC, the Adviser will need to
decide which client or clients will proceed with the investment. Generally, the Fund will not have an entitlement to make a co-investment
in these circumstances and, to the extent that another client elects to proceed with the investment, the Fund will not be permitted to
participate. Moreover, except in certain circumstances, the Fund is unable to invest in any issuer in which an affiliates&#8217; other
client holds a controlling interest. These restrictions may limit the scope of investment opportunities that would otherwise be available
to the Fund.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_ConvertibleSecuritiesRiskMember', window );">Convertible Securities Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Convertible Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Convertible securities are subject to the usual
risks associated with debt instruments, such as interest rate risk (the risk of losses attributable to changes in interest rates) and
credit risk (the risk that the issuer of a debt instrument will default or otherwise become unable, or be perceived to be unable or unwilling,
to honor a financial obligation, such as making payments to the Fund when due). Convertible securities also react to changes in the value
of the common stock into which they convert, and are thus subject to market risk (the risk that the market values of securities or other
investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise). Because the value of a convertible security
can be influenced by both interest rates and the common stock's market movements, a convertible security generally is not as sensitive
to interest rates as a similar debt instrument, and generally will not vary in value in response to other factors to the same extent as
the underlying common stock. In the event of a liquidation of the issuing company, holders of convertible securities would typically be
paid before the company's common stockholders but after holders of any senior debt obligations of the company. The Fund may be forced
to convert a convertible security before it otherwise would choose to do so, which may decrease the Fund's return.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_CorporateBondsRiskMember', window );">Corporate Bonds Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Corporate Bonds Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The market value of a corporate bond generally
may be expected to rise and fall inversely with interest rates. The market value of intermediate and longer-term corporate bonds is generally
more sensitive to changes in interest rates than is the market value of shorter-term corporate bonds. The market value of a corporate
bond also may be affected by factors directly related to the issuer, such as investors&#8217; perceptions of the creditworthiness of the
issuer, the issuer&#8217;s financial performance, perceptions of the issuer in the market place, performance of management of the issuer,
the issuer&#8217;s capital structure and use of financial leverage and demand for the issuer&#8217;s goods and services. There is a risk
that the issuers of corporate bonds may not be able to meet their obligations on interest or principal payments at the time called for
by an instrument. Corporate bonds of below investment grade quality are often high risk and have speculative characteristics and may be
particularly susceptible to adverse issuer-specific developments.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_CounterpartyRiskMember', window );">Counterparty Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Counterparty Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The risk exists that a counterparty to a transaction
in a financial instrument held by the Fund or by a special purpose or structured vehicle in which the Fund invests may become insolvent
or otherwise fail to perform its obligations, including making payments to the Fund, due to financial difficulties. The Fund may obtain
no or limited recovery in a bankruptcy or other reorganizational proceedings, and any recovery may be significantly delayed. Transactions
that the Fund enters into may involve counterparties in the financials sector and, as a result, events affecting the financials sector
may cause the Fund&#8217;s NAV to fluctuate.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_CreditDefaultSwapsRiskMember', window );">Credit Default Swaps Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Credit Default Swaps Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in credit default swaps. A
credit default swap is a contract between two parties which transfers the risk of loss if a company fails to pay principal or interest
on time or files for bankruptcy. In essence, an institution which owns corporate debt instruments can purchase a limited form of default
protection by entering into a credit default swap with another bank, broker-dealer or financial intermediary. Upon an event of default,
the swap may be terminated in one of two ways: (i) by the purchaser of credit protection delivering the referenced instrument to the swap
counterparty and receiving a payment of par value, or (ii) by the parties pairing off payments, with the purchaser of the protection receiving
a payment equal to the par value of the reference security less the price at which the reference security trades subsequent to default.
The first way is the more common form of credit default swap termination.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the manner described above, credit default
swaps can be used to hedge a portion of the default risk on a single corporate bond or a portfolio of bonds. Credit default swaps can
be used to implement the Adviser&#8217;s view that a particular credit, or group of credits, will experience credit improvement. In the
case of expected credit improvement, the Fund may sell credit default protection in which it receives a premium to take on the risk. In
such an instance, the obligation of the Fund to make payments upon the occurrence of a credit event creates leveraged exposure to the
credit risk of the referenced entity. The Fund may also &#8220;purchase&#8221; credit default protection even in the case in which it
does not own the referenced instrument if, in the judgment of the Adviser, there is a high likelihood of credit deterioration.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit default swap agreements involve greater
risks than if the Fund had taken a position in the reference obligation directly (either by purchasing or selling) since, in addition
to general market risks, credit default swaps are subject to illiquidity risk, counterparty risk and credit risks. A buyer generally will
also lose its upfront payment or any periodic payments it makes to the seller counterparty and receive no payments from its counterparty
should no credit event occur and the swap is held to its termination date. If a credit event were to occur, the value of any deliverable
obligation received by the seller, coupled with the upfront or periodic payments previously received, may be less than the full notional
amount it pays to the buyer, resulting in a loss of value to the seller. A seller of a credit default swap or similar instrument is exposed
to many of the same risks of leverage since, if a credit event occurs, the seller generally will be required to pay the buyer the full
notional amount of the contract net of any amounts owed by the buyer related to its delivery of deliverable obligations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the credit derivatives market is
subject to a changing regulatory environment. It is possible that regulatory or other developments in the credit derivatives market could
adversely affect the Fund&#8217;s ability to successfully use credit derivatives.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_CreditRisksMember', window );">Credit Risks [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Credit Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit risk is the risk that the value of debt
instruments may decline if the issuer thereof defaults or otherwise becomes unable or unwilling, or is perceived to be unable or unwilling,
to honor its financial obligations, such as making payments to the Fund when due. Various factors could affect the actual or perceived
willingness or ability of the issuer to make timely interest or principal payments, including changes in the financial condition of the
issuer or in general economic conditions. Credit rating agencies assign credit ratings to certain debt instruments to indicate their credit
risk. A rating downgrade by such agencies can negatively impact the value of such instruments. Lower quality or unrated instruments held
by the Fund may present increased credit risk as compared to higher-rated instruments. Non-investment grade debt instruments may be subject
to greater price fluctuations and are more likely to experience a default than investment grade debt instruments and therefore may expose
the Fund to increased credit risk. If the Fund purchases unrated instruments, or if the ratings of instruments held by the Fund are lowered
after purchase, the Fund will depend on analysis of credit risk more heavily than usual.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember', window );">Risks Relating to Investments in Exchange Traded Funds/Trusts that invest in cryptocurrencies or similar digital assets that utilize blockchain technology [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Risks Relating to Investments in Exchange Traded
Funds/Trusts that invest in cryptocurrencies or similar digital assets that utilize blockchain technology. </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Consistent with the Fund&#8217;s closed-end fund
investment approach, where the Fund seeks to capitalize on the difference between a closed-end fund&#8217;s aggregate asset value and
its net asset value, the Fund has and may in the future invest in exchange traded investment funds/trusts that invest in cryptocurrencies
or similar assets that utilize blockchain technology (such as, the Grayscale Bitcoin Trust) and the Fund may hedge such investments through
the use of other securities (including other exchange trade funds that own virtual currencies) and derivatives of virtual currencies,
in each case, to the extent permitted by, and in accordance with, any future law, regulation, guidance, or exemptive relief provided by
the SEC or its staff or other regulatory agency or body having jurisdiction. The Fund expects that any such investments are likely to
constitute only a small proportion of its portfolio.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_CurrencyRiskMember', window );">Currency Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Currency Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund's investments that are denominated in
a foreign currency are subject to the risk that the value of a particular currency will change in relation to one or more other currencies.
Among the factors that may affect currency values are trade balances, the level of short-term interest rates, differences in relative
values of similar assets in different currencies, long-term opportunities for investment and capital appreciation and political developments.
The Adviser may try to hedge these risks by investing directly in foreign currencies, buying and selling forward foreign currency exchange
contracts and buying and selling options on foreign currencies, but there can be no assurance such strategies will be effective.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_CybersecurityRiskMember', window );">Cybersecurity Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Cybersecurity Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of its business, the Adviser processes,
stores and transmits large amounts of electronic information, including information relating to the transactions of the Fund. Similarly,
service providers of the Adviser, the Fund, especially the administrator, may process, store and transmit such information. The Adviser
has procedures and systems in place that it believes are reasonably designed to protect such information and prevent data loss and security
breaches. However, such measures cannot provide absolute security. The techniques used to obtain unauthorized access to data, disable
or degrade service, or sabotage systems change frequently and may be difficult to detect for long periods of time. Hardware or software
acquired from third parties may contain defects in design or manufacture or other problems that could unexpectedly compromise information
security. Network connected services provided by third parties to the Adviser may be susceptible to compromise, leading to a breach of
the Adviser&#8217;s network. The Adviser&#8217;s systems or facilities may be susceptible to employee error or malfeasance, government
surveillance, or other security threats. On-line services that may be provided by the Adviser to the investors in the Fund may also be
susceptible to compromise. Breach of the Adviser&#8217;s information systems may cause information relating to the transactions of the
Fund to be lost or improperly accessed, used or disclosed.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The service providers of the Adviser and the Fund
are subject to the same electronic information security threats as the Adviser. If a service provider fails to adopt or adhere to adequate
data security policies, or in the event of a breach of its networks, information relating to the transactions of the Fund and personally
identifiable information of investors in the Fund may be lost or improperly accessed, used or disclosed.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The loss or improper access, use or disclosure
of the Adviser&#8217;s or the Fund's proprietary information may cause the Adviser or the Fund to suffer, among other things, financial
loss, the disruption of its business, liability to third parties, regulatory intervention or reputational damage. Any of the foregoing
events could have a material adverse effect on the Fund.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DecisionMakingAuthorityRiskMember', window );">Decision-Making Authority Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Decision-Making Authority Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investors have no authority to make decisions
or to exercise business discretion on behalf of the Fund, except as set forth in the Fund&#8217;s governing documents. The authority for
all such decisions is generally delegated to the Board, which in turn, has delegated the day-to-day management of the Fund&#8217;s investment
activities to the Adviser, subject to oversight by the Board.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DeflationRiskMember', window );">Deflation Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Deflation Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deflation risk is the risk that prices throughout
the economy decline over time, which may have an adverse effect on the market valuation of companies, their assets and their revenues.
In addition, deflation may have an adverse effect on the creditworthiness of issuers and may make issuer default more likely, which may
result in a decline in the value of the Fund&#8217;s portfolio.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DefensiveInvestingRiskMember', window );">Defensive Investing Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Defensive Investing Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For defensive purposes, the Fund may allocate
assets into cash or short-term fixed-income securities without limitation. In doing so, the Fund may succeed in avoiding losses but may
otherwise fail to achieve its investment objectives. Further, the value of short-term fixed-income securities may be affected by changing
interest rates and by changes in credit ratings of the investments. If the Fund holds cash uninvested it will be subject to the credit
risk of the depository institution holding the cash.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DepositaryReceiptsRiskMember', window );">Depositary Receipts Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Depositary Receipts Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Depositary receipts are receipts issued by a bank
or trust company reflecting ownership of underlying securities issued by foreign companies. Some foreign securities are traded in the
form of American Depositary Receipts (&#8220;ADRs&#8221;) and/or Global Depositary Receipts. Depositary receipts involve risks similar
to the risks associated with investments in foreign securities, including those associated with an issuer&#8217;s (and any of its related
companies&#8217;) country of organization and places of business operations, which may be related to the particular political, regulatory,
economic, social and other conditions or events (including, for example, military confrontations and actions, war, other conflicts, terrorism
and disease/virus outbreaks and epidemics) occurring in the country and fluctuations in such country&#8217;s currency, as well as market
risk tied to the underlying foreign company. In addition, holders of depositary receipts may have limited voting rights, may not have
the same rights afforded to stockholders of a typical domestic company in the event of a corporate action, such as an acquisition, merger
or rights offering, and may experience difficulty in receiving company stockholder communications. There is no guarantee that a financial
institution will continue to sponsor a depositary receipt, or that a depositary receipt will continue to trade on an exchange, either
of which could adversely affect the liquidity, availability and pricing of the depositary receipt. Changes in foreign currency exchange
rates will affect the value of depositary receipts and, therefore, may affect the value of your investment in the Fund. A potential conflict
of interest exists to the extent that the Fund invests in ADRs for which the Fund&#8217;s custodian serves as depository bank.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DerivatesRiskMember', window );">Derivates Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivates Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivatives may involve significant risks. Derivatives
are financial instruments, traded on an exchange or in the over-the-counter (OTC) markets, with a value in relation to, or derived from,
the value of an underlying asset(s) (such as a security, commodity or currency) or other reference, such as an index, rate or other economic
indicator (each an underlying reference). Derivatives may include those that are privately placed or otherwise exempt from SEC registration,
including certain Rule 144A eligible securities. Derivatives could result in Fund losses if the underlying reference does not perform
as anticipated. Use of derivatives is a highly specialized activity that can involve investment techniques, risks, and tax planning different
from those associated with more traditional investment instruments. The Fund&#8217;s derivatives strategy may not be successful and use
of certain derivatives could result in substantial, potentially unlimited, losses to the Fund regardless of the Fund&#8217;s actual investment.
A relatively small movement in the price, rate or other economic indicator associated with the underlying reference may result in substantial
loss for the Fund. Derivatives may be more volatile than other types of investments. Derivatives can increase the Fund&#8217;s risk exposure
to underlying references and their attendant risks, including the risk of an adverse credit event associated with the underlying reference
(credit risk), the risk of an adverse movement in the value, price or rate of the underlying reference (market risk), the risk of an adverse
movement in the value of underlying currencies (foreign currency risk) and the risk of an adverse movement in underlying interest rates
(interest rate risk).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivatives may expose the Fund to additional
risks, including the risk of loss due to a derivative position that is imperfectly correlated with the underlying reference it is intended
to hedge or replicate (correlation risk), the risk that a counterparty will fail to perform as agreed (counterparty risk), the risk that
a hedging strategy may fail to mitigate losses, and may offset gains (hedging risk), the risk that the return on an investment may not
keep pace with inflation (inflation risk), the risk that losses may be greater than the amount invested (leverage risk), the risk that
the Fund may be unable to sell an investment at an advantageous time or price (liquidity risk), the risk that the investment may be difficult
to value (pricing risk), and the risk that the price or value of the investment fluctuates significantly over short periods of time (volatility
risk). The value of derivatives may be influenced by a variety of factors, including national and international political and economic
developments. Potential changes to the regulation of the derivatives markets may make derivatives more costly, may limit the market for
derivatives, or may otherwise adversely affect the value or performance of derivatives.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DerivatesRiskFuturesContractsRiskMember', window );">Derivates Risk &#150; Futures Contracts Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivates Risk &#8211; Futures Contracts Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A futures contract is an exchange-traded derivative
transaction between two parties in which a buyer (holding the &#8220;long&#8221; position) agrees to pay a fixed price (or rate) at a
specified future date for delivery of an underlying reference from a seller (holding the &#8220;short&#8221; position). The seller hopes
that the market price on the delivery date is less than the agreed upon price, while the buyer hopes for the contrary. Certain futures
contract markets are highly volatile, and futures contracts may be illiquid. Futures exchanges may limit fluctuations in futures contract
prices by imposing a maximum permissible daily price movement. The Fund may be disadvantaged if it is prohibited from executing a trade
outside the daily permissible price movement. At or prior to maturity of a futures contract, the Fund may enter into an offsetting contract
and may incur a loss to the extent there has been adverse movement in futures contract prices. The liquidity of the futures markets depends
on participants entering into offsetting transactions rather than making or taking delivery. To the extent participants make or take delivery,
liquidity in the futures market could be reduced. Positions in futures contracts may be closed out only on the exchange on which they
were entered into or through a linked exchange, and no secondary market exists for such contracts. Futures positions are marked to market
each day and variation margin payment must be paid to or by the Fund. Because of the low margin deposits normally required in futures
trading, it is possible that the Fund may employ a high degree of leverage in the portfolio. As a result, a relatively small price movement
in a futures contract may result in substantial losses to the Fund, exceeding the amount of the margin paid. For certain types of futures
contracts, losses are potentially unlimited. Futures markets are highly volatile and the use of futures may increase the volatility of
the Fund&#8217;s NAV. Futures contracts executed (if any) on foreign exchanges may not provide the same protection as U.S. exchanges.
Futures contracts can increase the Fund&#8217;s risk exposure to underlying references and their attendant risks, such as credit risk,
market risk, foreign currency risk and interest rate risk, while also exposing the Fund to correlation risk, counterparty risk, hedging
risk, inflation risk, leverage risk, liquidity risk, pricing risk and volatility risk.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DerivativesRiskOptionsRiskMember', window );">Derivatives Risk &#150; Options Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives Risk &#8211; Options Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Options are derivatives that give the purchaser
the option to buy (call) or sell (put) an underlying reference from or to a counterparty at a specified price (the strike price) on or
before an expiration date. When writing options, the Fund is exposed to the risk that it may be required to buy or sell the underlying<br/>
reference at a disadvantageous price on or before the expiration date. Options may involve economic leverage, which could result in greater
volatility in price movement. The Fund&#8217;s losses could be significant, and are potentially unlimited for certain types of options.
Options may be traded on a securities exchange or in the over-the-counter market. At or prior to maturity of an options contract, the
Fund may enter into an offsetting contract and may incur a loss to the extent there has been adverse movement in options prices. Options
can increase the Fund&#8217;s risk exposure to underlying references and their attendant risks, such as credit risk, market risk, foreign
currency risk and interest rate risk, while potentially exposing the Fund to correlation risk, counterparty risk, hedging risk, inflation
risk, leverage risk, liquidity risk, pricing risk and volatility risk.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DerivativesRiskRegulationMember', window );">Derivatives Risk &#150; Regulation [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives Risk &#8211; Regulation </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There are many rules related to derivatives that
may negatively impact the Fund, such as requirements related to recordkeeping, reporting, portfolio reconciliation, central clearing,
minimum margin for uncleared over-the- counter instruments and mandatory trading on electronic facilities, and other transaction-level
obligations. Parties that act as dealers in swaps, are also subject to extensive business conduct standards, additional &#8220;know your
counterparty&#8221; obligations, documentation standards and capital requirements. All of these requirements add costs to the legal, operational
and compliance obligations of the Adviser and the Fund, and increase the amount of time that the Adviser spends on non-investment-related
activities. Requirements such as these also raise the costs of entering into derivative transactions, and these increased costs will likely
be passed on to the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These rules are operationally and technologically
burdensome for the Adviser and the Fund. These compliance obligations require employee training and use of technology, and there are operational
risks borne by the Fund in implementing procedures to comply with many of these additional obligations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These regulations may also result in the Fund
forgoing the use of certain trading counterparties (such as broker-dealers and futures commission merchants (&#8220;FCMs&#8221;)), as
the use of other parties may be more efficient for the Fund from a regulatory perspective. However, this could limit the Fund's trading
activities, create losses, preclude the Fund from engaging in certain transactions or prevent the Fund from trading at optimal rates and
terms.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Many of these requirements were implemented under
legislation intended to reform the U.S. financial regulatory system, the EU Regulation on OTC Derivatives, Central Counterparties and
Trade Repositories (known as the European Market Infrastructure Regulation, or &#8220;EMIR&#8221;) and similar regulations globally. In
the United States, regulatory responsibility for derivatives is divided between the SEC and the Commodities Futures Trading Commission
(&#8220;CFTC&#8221;), a distinction that does not exist in any other jurisdiction. The SEC has regulatory authority over &#8220;security-based
swaps&#8221; and the CFTC has regulatory authority over &#8220;swaps&#8221;. EMIR is being implemented in phases through the adoption
of delegated acts by the European Commission. As a result of the SEC and CFTC bifurcation and the different pace at which the SEC, the
CFTC, the European Commission and other international regulators have promulgated necessary regulations, different transactions are subject
to different levels of regulation. Though many rules and regulations have been finalized, there are others, particularly SEC regulations
with respect to security-based swaps that are still in the proposal stage or are expected to be introduced in the future.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DerivativesRiskSwapsRiskMember', window );">Derivatives Risk &#150; Swaps Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives Risk &#8211; Swaps Risk. </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In a typical swap transaction, two parties agree
to exchange the return earned on a specified underlying reference for a fixed return or the return from another underlying reference during
a specified period of time. Swaps may be difficult to value and may be illiquid. Swaps could result in Fund losses if the underlying asset
or reference does not perform as anticipated. Swaps create significant investment leverage such that a relatively small price movement
in a swap may result in immediate and substantial losses to the Fund. The Fund may only close out a swap with its particular counterparty
and may only transfer a position with the consent of that counterparty. Certain swaps, such as short swap transactions and total return
swaps, have the potential for unlimited losses, regardless of the size of the initial position. Swaps can increase the Fund&#8217;s risk
exposure to underlying references and their attendant risks, such as credit risk, market risk and interest rate risk, while potentially
exposing the Fund to leverage risk, counterparty risk (i.e., the risk of counterparty default on its obligations under the swap agreement),
illiquidity risk, valuation risk and volatility risk.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_DistressedAndDefaultedSecuritiesRiskMember', window );">Distressed and Defaulted Securities Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Distressed and Defaulted Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in the securities of financially distressed
issuers are speculative and involve substantial risks. These securities may present a substantial risk of default or may be in default
at the time of investment. The Fund may incur additional expenses to the extent it is required to seek recovery upon a default in the
payment of principal or interest on its portfolio holdings. In any reorganization or liquidation proceeding relating to a portfolio company,
the Fund may lose its entire investment or may be required to accept cash or securities with a value less than its original investment.
Among the risks inherent in investments in a troubled entity is that it frequently may be difficult to obtain information as to the true
financial condition of such issuer. The Adviser&#8217;s judgment about the credit quality of the issuer and the relative value and liquidity
of its securities may prove to be wrong. Distressed securities and any securities received in an exchange for such securities may be subject
to restrictions on resale.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_EquitySecuritiesRiskMember', window );">Equity Securities Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Equity Securities Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund expects to buy and sell private and public
equity securities. The value of equity securities of public and private, listed and unlisted companies and equity derivatives generally
varies with the performance of the issuer and movements in the equity markets. As a result, the Fund may suffer losses if it invests in
equity instruments of issuers whose performance diverges from the Adviser&#8217;s expectations or if equity markets generally move in
a single direction and the Fund has not hedged against such a general move. The Fund also may be exposed to risks that issuers will not
fulfill contractual obligations such as, in the case of convertible securities or private placements, delivering marketable common stock
upon conversions of convertible securities and registering restricted securities for public resale.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_EmergingMarketSecuritiesRiskMember', window );">Emerging Market Securities Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Emerging Market Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Securities issued by foreign governments or companies
in emerging market countries,&#160;such as&#160;China, Russia and certain countries in Eastern Europe, the Middle East, Asia, Latin America
or Africa, are more likely to have greater exposure to the risks of investing in foreign securities that are described in Foreign Securities
Risk. In addition, emerging market countries are more likely to experience instability resulting, for example, from rapid changes or developments
in social, political, economic or other conditions. Their economies are usually less mature and their securities markets are typically
less developed with more limited trading activity (<i>i.e.</i>, lower trading volumes and less liquidity) than more developed countries.
Emerging market securities tend to be more volatile than securities in more developed markets. Many emerging market countries are heavily
dependent on international trade and have fewer trading partners, which makes them more sensitive to world commodity prices and economic
downturns in other countries. Some emerging market countries have a higher risk of currency devaluations, and some of these countries
may experience periods of high inflation or rapid changes in inflation rates and may have hostile relations with other countries.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_ExchangeTradedFundETFRiskMember', window );">Exchange Traded Fund (ETF) Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Exchange Traded Fund (ETF) Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in ETFs have unique characteristics,
including, but not limited to, the expense structure and additional expenses associated with investing in ETFs. An ETF&#8217;s share price
may not track its specified market index (if any) and may trade below its NAV. Certain ETFs use a &#8220;passive&#8221; investment strategy
and do not take defensive positions in volatile or declining markets. Other ETFs in which the Fund may invest are actively managed ETFs
(i.e., they do not track a particular benchmark), which indirectly subjects the Fund to active management risk. An active secondary market
in an ETF&#8217;s shares may not develop or be maintained and may be halted or interrupted due to actions by its listing exchange, unusual
market conditions or other reasons. There can be no assurance an ETF&#8217;s shares will continue to be listed on an active exchange.
In addition, the Fund&#8217;s shareholders bear both their proportionate share of the Fund&#8217;s expenses and, indirectly, the ETF&#8217;s
expenses, incurred through the Fund&#8217;s ownership of the ETF. Because the expenses and costs of an underlying ETF are shared by its
investors, redemptions by other investors in the ETF could result in decreased economies of scale and increased operating expenses for
such ETF. These transactions might also result in higher brokerage, tax or other costs for the ETF. This risk may be particularly important
when one investor owns a substantial portion of the ETF.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Funds generally expect to purchase shares
of ETFs through broker-dealers in transactions on a securities exchange, and in such cases the Funds will pay customary brokerage commissions
for each purchase and sale. Shares of an ETF may also be acquired by depositing a specified portfolio of the ETF&#8217;s underlying securities,
as well as a cash payment generally equal to accumulated dividends of the securities (net of expenses) up to the time of deposit, with
the ETF&#8217;s custodian, in exchange for which the ETF will issue a quantity of new shares sometimes referred to as a &#8220;creation
unit.&#8221; Similarly, shares of an ETF purchased on an exchange may be accumulated until they represent a creation unit, and the creation
unit may be redeemed in-kind for a portfolio of the underlying securities (based on the ETF&#8217;s NAV) together with a cash payment
generally equal to accumulated dividends as of the date of redemption. The Funds may redeem creation units for the underlying securities
(and any applicable cash), and may assemble a portfolio of the underlying securities (and any required cash) to purchase creation units.
The Funds&#8217; ability to redeem creation units may be limited by the 1940 Act, which provides that ETFs, the shares of which are purchased
in reliance on Section 12(d)(1)(F) of the 1940 Act, will not be obligated to redeem such shares in an amount exceeding one percent of
their total outstanding securities during any period of less than 30 days.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember', window );">Failures of Futures Commission Merchants and Clearing Organizations Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Failures of Futures Commission Merchants and
Clearing Organizations Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is required to deposit funds to margin
open positions in cleared derivative instruments (both futures and swaps) with a clearing broker registered as a &#8220;futures commission
merchant&#8221; (&#8220;FCM&#8221;). The CEA requires an FCM to segregate all funds received from customers with respect to any orders
for the purchase or sale of U.S. domestic futures contracts and cleared swaps from the FCM&#8217;s proprietary assets. Similarly, the
CEA requires each FCM to hold in a separate secure account all funds received from customers with respect to any orders for the purchase
or sale of foreign futures contracts and segregate any such funds from the funds received with respect to domestic futures contracts.
However, all funds and other property received by an FCM from its customers are held by an FCM on a commingled basis in an omnibus account
and amounts in excess of assets posted to the clearing organization may be invested by an FCM in certain instruments permitted under the
applicable regulation. There is a risk that assets deposited by the Fund with any FCM as margin for futures contracts may, in certain
circumstances, be used to satisfy losses of other clients of the Fund&#8217;s FCM. In addition, the assets of the Fund posted as margin
against both swaps and futures contracts may not be fully protected in the event of the FCM&#8217;s bankruptcy.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_ForeignSecuritiesRiskMember', window );">Foreign Securities Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Foreign Securities Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in or exposure to foreign securities
involve certain risks not associated with investments in or exposure to securities of U.S. companies. For example, foreign markets can
be extremely volatile. Foreign securities may also be less liquid,&#160;making them more difficult to trade, than securities of U.S. companies
so that the Fund may, at times, be unable to sell foreign securities at desirable times or prices. Brokerage commissions, custodial costs
and other fees are also generally higher for foreign securities. The Fund may have limited or no legal recourse in the event of default
with respect to certain foreign securities, including those issued by foreign governments. In addition, foreign governments may impose
withholding or other taxes on the Fund&#8217;s income, capital gains or proceeds from the disposition of foreign securities, which could
reduce the Fund&#8217;s return on such securities. In some cases, such withholding or other taxes could potentially be confiscatory. Other
risks include: possible delays in the settlement of transactions or in the payment of income; generally less publicly available information
about foreign companies; the impact of economic, political, social, diplomatic or other conditions or events (including, for example,
military confrontations, war, terrorism and disease/virus outbreaks and epidemics), possible seizure, expropriation or nationalization
of a company or its assets or the assets of a particular investor or category of investors; accounting, auditing and financial reporting
standards that may be less comprehensive and stringent than those applicable to domestic companies; the imposition of economic and other
sanctions against a particular foreign country, its nationals or industries or businesses within the country; and the generally less stringent
standard of care to which local agents may be held in the local markets. In addition, it may be difficult to obtain reliable information
about the securities and business operations of certain foreign issuers. Governments or trade groups may compel local agents to hold securities
in designated depositories that are not subject to independent evaluation. The less developed a country&#8217;s securities market is,
the greater the level of risks.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The risks posed by sanctions against a particular
foreign country, its nationals or industries or businesses within the country may be heightened to the extent the Fund invests significantly
in the affected country or region or in issuers from the affected country that depend on global markets. Additionally, investments in
certain countries may subject the Fund to a number of tax rules, the application of which may be uncertain. Countries may amend or revise
their existing tax laws, regulations and/or procedures in the future, possibly with retroactive effect. Changes in or uncertainties regarding
the laws, regulations or procedures of a country could reduce the after-tax profits of the Fund, directly or indirectly, including by
reducing the after-tax profits of companies located in such countries in which the Fund invests, or result in unexpected tax liabilities
for the Fund. The performance of the Fund may also be negatively affected by fluctuations in a foreign currency's strength or weakness
relative to the U.S. dollar, particularly&#160;to the extent&#160;the Fund invests a significant percentage of its assets in foreign securities
or other assets denominated in currencies other than the U.S. dollar. Currency rates in foreign countries may fluctuate significantly
over short or long periods of time for a number of reasons, including changes in interest rates, imposition of currency exchange controls
and economic or political developments in the U.S. or abroad. The Fund may also incur currency conversion costs when converting foreign
currencies into U.S. dollars and vice versa.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_FrequentTradingRiskMember', window );">Frequent Trading Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Frequent Trading Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The portfolio managers may actively and frequently
trade investments in the Fund's portfolio to carry out its investment strategies. Frequent trading of investments increases the possibility
that the Fund, as relevant, will realize taxable capital gains (including short-term capital gains, which are generally taxable to shareholders
at higher rates than long-term capital gains for U.S. federal income tax purposes), which could reduce the Fund's after-tax return. Frequent
trading can also mean higher brokerage and other transaction costs, which could reduce the Fund's return. The trading costs and tax effects
associated with portfolio turnover may adversely affect the Fund&#8217;s performance.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_GovernmentInterventionsRiskMember', window );">Government Interventions Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Government Interventions Risk </b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Extreme volatility and illiquidity in markets
has in the past led to, and may in the future lead to, extensive governmental interventions in equity, debt, credit and currency markets.
Generally, such interventions are intended to reduce volatility and precipitous drops in value. In certain cases, governments have intervened
on an "emergency" basis, suddenly and substantially eliminating market participants' ability to continue to implement certain
strategies or manage the risk of their outstanding positions. In addition, these interventions have typically been unclear in scope and
application, resulting in uncertainty. It is impossible to predict when these restrictions will be imposed, what the interim or permanent
restrictions will be and/or the effect of such restrictions on the Fund's strategies.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_HedgingTransactionsMember', window );">Hedging Transactions [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Hedging Transactions</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may utilize financial instruments, both
for investment purposes and for risk management purposes in order to (i) protect against possible changes in the market value of the Fund's
investment portfolio resulting from fluctuations in the securities markets and changes in interest rates; (ii) protect the Fund's unrealized
gains in the value of the Fund's investment portfolio; (iii) facilitate the sale of any such investments; (iv) enhance or preserve returns,
spreads or gains on any investment in the Fund's portfolio; (v) hedge the interest rate or currency exchange rate on any of the Fund's
liabilities or assets; (vi) protect against any increase in the price of any securities the Fund anticipates purchasing at a later date
or (vii) for any other reason that the Adviser deems appropriate.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The success of the Fund's hedging strategy will
depend, in part, upon the Adviser&#8217;s ability to correctly assess the degree of correlation between the performance of the instruments
used in the hedging strategy and the performance of the portfolio investments being hedged. Since the characteristics of many securities
change as markets change or time passes, the success of the Fund's hedging strategy will also be subject to the Adviser's ability to continually
recalculate, readjust and execute hedges in an efficient and timely manner. While the Fund may enter into hedging transactions to seek
to reduce risk, such transactions may result in a poorer overall performance for the Fund than if it had not engaged in such hedging transactions.
For a variety of reasons, the Adviser may not seek to establish a perfect correlation between the hedging instruments utilized and the
portfolio holdings being hedged. Such an imperfect correlation may prevent the Fund from achieving the intended hedge or expose the Fund
to risk of loss. The Adviser may not hedge against a particular risk because it does not regard the probability of the risk occurring
to be sufficiently high as to justify the cost of the hedge, or because it does not foresee the occurrence of the risk. The successful
utilization of hedging and risk management transactions requires skills complementary to those needed in the selection of the Fund's portfolio
holdings.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_HighYieldInvestmentsRiskMember', window );">High-Yield Investments Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>High-Yield Investments Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Securities and other debt instruments held by
the Fund that are rated below investment grade (commonly called &#8220;high-yield&#8221; or &#8220;junk&#8221; bonds) and unrated debt
instruments of comparable quality tend to be more sensitive to credit risk than higher-rated debt instruments and may experience greater
price fluctuations in response to perceived changes in the ability of the issuing entity or obligor to pay interest and principal when
due than to changes in interest rates. These investments are generally more likely to experience a default than higher-rated debt instruments.
High-yield debt instruments are considered to be predominantly speculative with respect to the issuer&#8217;s capacity to pay interest
and repay principal. These debt instruments typically pay a premium &#8211; a higher interest rate or yield &#8211; because of the increased
risk of loss, including default. High-yield debt instruments may require a greater degree of judgment to establish a price, may be difficult
to sell at the time and price the Fund desires, may carry high transaction costs, and also are generally less liquid than higher-rated
debt instruments. The ratings provided by third party rating agencies are based on analyses by these ratings agencies of the credit quality
of the debt instruments and may not take into account every risk related to whether interest or principal will be timely repaid. In adverse
economic and other circumstances, issuers of lower-rated debt instruments are more likely to have difficulty making principal and interest
payments than issuers of higher-rated debt instruments.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_IlliquidInvestmentsRiskMember', window );">Illiquid Investments Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Illiquid Investments Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in securities, bank debt,
private funds and companies, other assets and/or third-party managers and other claims, which are subject to legal or other restrictions
on transfer or for which no liquid market exists. The market prices, if any, for such investments tend to be volatile and may not be readily
ascertainable, and the Fund may not be able to execute a buy or sell order on exchanges at the desired price or to liquidate an open position
due to market conditions, including the operation of daily price fluctuation limits. The sale of restricted and illiquid securities often
requires more time and results in higher brokerage charges or dealer discounts and other selling expenses than does the sale of securities
eligible for trading on national securities exchanges or in the over-the-counter markets. The Fund may not be able to readily dispose
of such illiquid investments and, in some cases, may be contractually prohibited from disposing of such investments for a specified period
of time. If trading on an exchange is suspended or restricted, the Fund may not be able to execute trades or close out positions on terms
that the Adviser believes are desirable. Realization of value from such investments may be difficult in the short-term, or may have to
be made at a substantial discount compared to other freely tradable investments. An investment in the Fund is suitable only for certain
sophisticated investors who do not require immediate liquidity for their investments.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_InflationRiskMember', window );">Inflation Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Inflation Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Inflation risk is the risk that the value of assets
or income from investment will be worth less in the future, as inflation decreases the value of money. As inflation increases, the real
value of the common shares and distributions on those shares can decline. In addition, during any periods of rising inflation, interest
rates on any borrowings by the Fund would likely increase, which would tend to further reduce returns to the holders of common shares.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_InflationIndexedBondsRiskMember', window );">Inflation-Indexed Bonds Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Inflation-Indexed Bonds Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund may invest in inflation-indexed bonds,
which are fixed-income securities or other instruments whose principal value is periodically adjusted according to the rate of inflation.
Two structures are common. The U.S. Treasury and some other issuers use a structure that accrues inflation into the principal value of
the bond. Most other issuers pay out the Consumer Price Index (&#8220;CPI&#8221;) accruals as part of a semi-annual coupon.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Inflation-indexed securities issued by the U.S.
Treasury have maturities of five, ten or thirty years, although it is possible that securities with other maturities will be issued in
the future. The U.S. Treasury securities pay interest on a semi-annual basis, equal to a fixed percentage of the inflation-adjusted principal
amount. For example, if the Fund purchased an inflation-indexed bond with a par value of $1,000 and a 3% real rate of return coupon (payable
1.5% semi-annually), and inflation over the first six months was 1%, the mid-year par value of the bond would be $1,010 and the first
semiannual interest payment would be $15.15 ($1,010 times 1.5%). If inflation during the second half of the year resulted in the whole
year&#8217;s inflation equaling 3%, the end-of-year par value of the bond would be $1,030 and the second semi-annual interest payment
would be $15.45 ($1,030 times 1.5%).</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the periodic adjustment rate measuring inflation
falls, the principal value of inflation-indexed bonds will be adjusted downward, and, consequently, the interest payable on these securities
(calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted
for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds, even during a period of deflation. However, the current
market value of the bonds is not guaranteed, and will fluctuate. The Fund may also invest in other inflation related bonds which may or
may not provide a similar guarantee. If a guarantee of principal is not provided, the adjusted principal value of the bond repaid at maturity
may be less than the original principal. In addition, if the Fund purchases inflation-indexed bonds offered by foreign issuers, the rate
of inflation measured by the foreign inflation index may not be correlated to the rate of inflation in the United States.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The value of inflation-indexed bonds is expected
to change in response to changes in real interest rates. Real interest rates, in turn, are tied to the relationship between nominal interest
rates and the rate of inflation. Therefore, if inflation were to rise at a faster rate than nominal interest rates, real interest rates
might decline, leading to an increase in value of inflation-indexed bonds. In contrast, if nominal interest rates increased at a faster
rate than inflation, real interest rates might rise, leading to a decrease in value of inflation-indexed bonds. There can be no assurance,
however, that the value of inflation-indexed bonds will be directly correlated to changes in interest rates.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While these securities are expected to be protected
from long-term inflationary trends, short-term increases in inflation may lead to a decline in value. If interest rates rise due to reasons
other than inflation (for example, due to changes in currency exchange rates), investors in these securities may not be protected to the
extent that the increase is not reflected in the bond&#8217;s inflation measure.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In general, the measure used to determine the
periodic adjustment of U.S. inflation-indexed bonds is the Consumer Price Index for Urban Consumers (&#8220;CPI-U&#8221;), which is calculated
monthly by the U.S. Bureau of Labor Statistics. The CPI-U is a measurement of changes in the cost of living, made up of components such
as housing, food, transportation and energy. Inflation-indexed bonds issued by a foreign government are generally adjusted to reflect
a comparable inflation index, calculated by that government. There can be no assurance that the CPI-U or any foreign inflation index will
accurately measure the real rate of inflation in the prices of goods and services. Moreover, there can be no assurance that the rate of
inflation in a foreign country will be correlated to the rate of inflation in the United States.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any increase in the principal amount of an inflation-indexed
bond will be considered taxable ordinary income, even though investors do not receive their principal until maturity.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_InformationTechnologySystemsRiskMember', window );">Information Technology Systems Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Information Technology Systems Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is dependent on the Adviser for certain
management services as well as back-office functions. The Adviser depends on information technology systems in order to assess investment
opportunities, strategies and markets and to monitor and control risks for the Fund. It is possible that a failure of some kind which
causes disruptions to these information technology systems could materially limit the Adviser&#8217;s ability to adequately assess and
adjust investments, formulate strategies and provide adequate risk control. Any such information technology-related difficulty could harm
the performance of the Fund. Further, failure of the back-office functions of the Adviser to process trades in a timely fashion could
prejudice the investment performance of the Fund.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_InterestRatesRiskMember', window );">Interest Rates Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Interest Rate Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest rate risk is the risk of losses attributable
to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest
rates fall, the values of debt instruments tend to rise. Changes in the value of a debt instrument usually will not affect the amount
of income the Fund receives from it but will generally affect the value of your investment in the Fund. Changes in interest rates may
also affect the liquidity of the Fund&#8217;s investments in debt instruments. In general, the longer the maturity or duration of a debt
instrument, the greater its sensitivity to changes in interest rates. Interest rate declines also may increase prepayments of debt obligations,
which, in turn, would increase prepayment risk (the risk that the Fund will have to reinvest the money received in securities that have
lower yields). Very low or negative interest rates may prevent the Fund from generating positive returns and may increase the risk that,
if followed by rising interest rates, the Fund&#8217;s performance will be negatively impacted. The Fund is subject to the risk that the
income generated by its investments may not keep pace with inflation. Actions by governments and central banking authorities can result
in increases in interest rates. Such actions may negatively affect the value of debt instruments held by the Fund, resulting in a negative
impact on the Fund's performance and NAV. Any interest rate increases could cause the value of the Fund&#8217;s investments in debt instruments
to decrease. Rising interest rates may prompt redemptions from the Fund, which may force the Fund to sell investments at a time when it
is not advantageous to do so, which could result in losses.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_IssuerRiskMember', window );">Issuer Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Issuer Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An issuer in which the Fund invests or to which
it has exposure may perform poorly or below expectations, and the value of its securities may therefore decline, which may negatively
affect the Fund&#8217;s performance. Underperformance of an issuer may be caused by poor management decisions, competitive pressures,
breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural
disasters, military confrontations, war, terrorism, disease/virus outbreaks,&#160;epidemics or other events, conditions and factors which
may impair the value of an investment in the Fund&#160;and could result in increased premiums or discounts to the Fund&#8217;s net asset
value.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_InvestmentCompanyActRegulationsRiskMember', window );">Investment Company Act Regulations Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Investment Company Act Regulations Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund is a registered closed-end management
investment company and as such is subject to regulations under the Investment Company Act. Generally speaking, any contract or provision
thereof that is made, or where performance involves a violation of the Investment Company Act or any rule or regulation thereunder is
unenforceable by either party unless a court finds otherwise.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_LegalTaxAndRegulatoryRisksMember', window );">Legal, Tax and Regulatory Risks [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Legal, Tax and Regulatory Risks</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal, tax and regulatory changes could occur
that may have material adverse effects on the Fund.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To qualify for the favorable U.S. federal income
tax treatment generally accorded to RICs, the Fund must, among other things, derive in each taxable year at least 90% of its gross income
from certain prescribed sources and distribute for each taxable year at least 90% of its &#8220;investment company taxable income&#8221;
(generally, ordinary income plus the excess, if any, of net short-term capital gain over net long-term capital loss). If for any taxable
year the Fund does not qualify as a RIC, all of its taxable income for that year (including its net capital gain) would be subject to
tax at regular corporate rates without any deduction for distributions to shareholders, and such distributions would be taxable as ordinary
dividends to the extent of the Fund&#8217;s current and accumulated earnings and profits.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The current presidential administration has called
for significant changes to U.S. fiscal, tax, trade, healthcare, immigration, foreign, and government regulatory policy. In this regard,
there is significant uncertainty with respect to legislation, regulation and government policy at the federal level, as well as the state
and local levels. Recent events have created a climate of heightened uncertainty and introduced new and difficult-to-quantify macroeconomic
and political risks with potentially far-reaching implications. There has been a corresponding meaningful increase in the uncertainty
surrounding interest rates, inflation, foreign exchange rates, trade volumes and fiscal and monetary policy. To the extent the U.S. Congress
or the current presidential administration implements changes to U.S. policy, those changes may impact, among other things, the U.S. and
global economy, international trade and relations, unemployment, immigration, corporate taxes, healthcare, the U.S. regulatory environment,
inflation and other areas. Although the Fund cannot predict the impact, if any, of these changes to the Fund&#8217;s business, they could
adversely affect the Fund&#8217;s business, financial condition, operating results and cash flows. Until the Fund knows what policy changes
are made and how those changes impact the Fund&#8217;s business and the business of the Fund&#8217;s competitors over the long term, the
Fund will not know if, overall, the Fund will benefit from them or be negatively affected by them.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The rules dealing with U.S. federal income taxation
are constantly under review by persons involved in the legislative process and by the Internal Revenue Service and the U.S. Treasury Department.
Revisions in U.S. federal tax laws and interpretations of these laws could adversely affect the tax consequences of your investment.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskAxis=brw_LeverageRiskMember', window );">Leverage Risk [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_RiskTextBlock', window );">Risk [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Leverage Risk</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund uses leverage through direct borrowings
(e.g., through its Facility) and through any of the financial instruments described herein, including derivative instruments (such as
options and swaps), which are inherently leveraged and trading in products with embedded leverage such as short sales and forwards. The
instruments and borrowings utilized by the Fund to leverage investments are typically collateralized by the Fund&#8217;s portfolio.</p>




<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The use of leverage will magnify the volatility
of changes in the value of the investments of the Fund. Accordingly, any event which adversely affects the value of an investment would
be magnified to the extent the investment is leveraged. The cumulative effect of the use of leverage by the Fund in a market that moves
adversely to its investments could result in substantial losses to the Fund, which would be greater than if the Fund was not leveraged.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While leverage increases the buying power of the
Fund and presents opportunities for increasing total returns, it has the effect of potentially increasing losses as well. For example,
funds borrowed for leveraging will be subject to interest, transaction and other costs, and other types of leverage also involve transaction
and other costs. Any such costs may or may not be recovered by the return on the Fund&#8217;s portfolio. Leverage will increase the investment
return of the Fund if an investment purchased with or utilizing leverage earns a greater return than the cost to the Fund of such leverage.
The use of leverage will decrease the investment return if the Fund fails to recover the cost of such leverage.</p>

<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressesAddressTypeAxis=dei_BusinessContactMember', window );">Business Contact [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">405 Lexington Avenue<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">New York<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">NY<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">10174<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_ContactPersonnelName', window );">Contact Personnel Name</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Michael D&#8217;Angelo<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=brw_CommonSharesMember', window );">Common Shares [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_GeneralDescriptionOfRegistrantAbstract', window );"><strong>General Description of Registrant [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_LowestPriceOrBid', window );">Lowest Price or Bid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6.91<span></span>
</td>
<td class="nump">$ 7.42<span></span>
</td>
<td class="nump">$ 7.21<span></span>
</td>
<td class="nump">$ 6.86<span></span>
</td>
<td class="nump">$ 7.02<span></span>
</td>
<td class="nump">$ 7.31<span></span>
</td>
<td class="nump">$ 7.18<span></span>
</td>
<td class="nump">$ 7.61<span></span>
</td>
<td class="nump">$ 7.66<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_HighestPriceOrBid', window );">Highest Price or Bid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.99<span></span>
</td>
<td class="nump">8.04<span></span>
</td>
<td class="nump">7.59<span></span>
</td>
<td class="nump">7.40<span></span>
</td>
<td class="nump">7.63<span></span>
</td>
<td class="nump">7.94<span></span>
</td>
<td class="nump">8.04<span></span>
</td>
<td class="nump">8.10<span></span>
</td>
<td class="nump">8.42<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_LowestPriceOrBidNav', window );">Lowest Price or Bid, NAV</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.71<span></span>
</td>
<td class="nump">7.99<span></span>
</td>
<td class="nump">7.91<span></span>
</td>
<td class="nump">7.53<span></span>
</td>
<td class="nump">7.83<span></span>
</td>
<td class="nump">8.00<span></span>
</td>
<td class="nump">8.15<span></span>
</td>
<td class="nump">8.35<span></span>
</td>
<td class="nump">8.60<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_HighestPriceOrBidNav', window );">Highest Price or Bid, NAV</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8.60<span></span>
</td>
<td class="nump">$ 8.70<span></span>
</td>
<td class="nump">$ 8.15<span></span>
</td>
<td class="nump">$ 8.02<span></span>
</td>
<td class="nump">$ 8.21<span></span>
</td>
<td class="nump">$ 8.64<span></span>
</td>
<td class="nump">$ 8.72<span></span>
</td>
<td class="nump">$ 8.76<span></span>
</td>
<td class="nump">$ 9.14<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_HighestPriceOrBidPremiumDiscountToNavPercent', window );">Highest Price or Bid, Premium (Discount) to NAV [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(7.09%)<span></span>
</td>
<td class="num">(7.59%)<span></span>
</td>
<td class="num">(6.87%)<span></span>
</td>
<td class="num">(7.73%)<span></span>
</td>
<td class="num">(7.06%)<span></span>
</td>
<td class="num">(8.10%)<span></span>
</td>
<td class="num">(7.80%)<span></span>
</td>
<td class="num">(7.53%)<span></span>
</td>
<td class="num">(7.93%)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_LowestPriceOrBidPremiumDiscountToNavPercent', window );">Lowest Price or Bid, Premium (Discount) to NAV [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(10.38%)<span></span>
</td>
<td class="num">(7.11%)<span></span>
</td>
<td class="num">(8.88%)<span></span>
</td>
<td class="num">(8.90%)<span></span>
</td>
<td class="num">(10.57%)<span></span>
</td>
<td class="num">(8.63%)<span></span>
</td>
<td class="num">(11.90%)<span></span>
</td>
<td class="num">(8.86%)<span></span>
</td>
<td class="num">(10.93%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SharePrice', window );">Share Price</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7.68<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetAssetValuePerShare', window );">NAV Per Share</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8.09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_LatestPremiumDiscountToNavPercent', window );">Latest Premium (Discount) to NAV [Percent]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5.07%)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_CapitalStockLongTermDebtAndOtherSecuritiesAbstract', window );"><strong>Capital Stock, Long-Term Debt, and Other Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_SecurityTitleTextBlock', window );">Security Title [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Common Shares<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_SecurityVotingRightsTextBlock', window );">Security Voting Rights [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Each common share has one vote<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_SecurityPreemptiveAndOtherRightsTextBlock', window );">Security Preemptive and Other Rights [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">All common shares are equal as to dividends, assets and voting privileges and have no conversion, preemptive or other subscription rights.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OutstandingSecurityTitleTextBlock', window );">Outstanding Security, Title [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Common Shares<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OutstandingSecurityHeldShares', window );">Outstanding Security, Held [Shares]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">45,048,584<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_OutstandingSecurityNotHeldShares', window );">Outstanding Security, Not Held [Shares]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">42,529,494<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=brw_PreferredSharesMember', window );">Preferred Shares [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_CapitalStockLongTermDebtAndOtherSecuritiesAbstract', window );"><strong>Capital Stock, Long-Term Debt, and Other Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cef_SecurityTitleTextBlock', window );">Security Title [Text Block]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Preferred Shares<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="11"></td></tr>
<tr><td colspan="11"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">If the common shares are sold to or through underwriters, the Prospectus Supplement will set forth any
applicable sales load and the estimated offering expenses. Fund shareholders will pay all offering expenses involved with an offering.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">The Program Administrator&#8217;s (as defined below under &#8220;Reinvestment Program&#8221;) fees for
the handling of the reinvestment of dividends will be paid by the Fund. However, you will pay a 3 cents per share fee incurred in connection
with open-market purchases, which will be deducted from the value of the dividend. You will not be charged a sales fee if you direct the
Program Administrator to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage
commissions the Program Administrator is required to pay..</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">The Fund and the Adviser have entered into an expense limitation agreement (the &#8220;Expense Limitation
Agreement&#8221;), pursuant to which the Adviser has contractually agreed to limit expenses, excluding interest, taxes, investor relations
services, other investment-related costs, leverage expenses, extraordinary expenses, other expenses not incurred in the ordinary course
of the Fund&#8217;s business, and expenses of counsel or other persons or services retained by the Fund&#8217;s trustees who are not interested
persons, to 1.05% of Managed Assets plus 0.30% of average daily net assets. For the year ended October 31, 2024, $982,139 of fees were
waived and reimbursed. The Adviser may, at a later date, recoup from the Fund the fees waived and/or other expenses reimbursed by the
Adviser during the previous 36 months, but only if, after such recoupment, the Fund&#8217;s expense ratio does not exceed the percentage
described above. For the year ended October 31, 2024, none of the fees were recouped. The current Expense Limitation Agreement will expire
on July 1, 2025 and automatically renews for one-year terms. Termination or modification of the Expense Limitation Agreement requires
approval of the Board.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">The Fund currently pays the Adviser a monthly fee at an annual contractual investment management fee rate
of 1.05% of the average daily value of the Fund&#8217;s Managed Assets. For purposes of calculating these fees, &#8220;Managed Assets&#8221;
means the Fund&#8217;s average daily gross asset value, minus the sum of the Fund&#8217;s accrued and unpaid dividends on any outstanding
preferred shares and accrued liabilities (other than liabilities for the principal amount of any borrowings incurred, commercial paper
or notes issued by the Fund and the liquidation preference of any outstanding preferred shares).</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">The Fund has entered into a $125 million Credit Facility with TD Bank effective on July 20, 2021 (the
&#8220;Facility&#8221;) which matures on January 20, 2026. As of April 30, 2025, the Fund had $45 million outstanding drawn under the
Facility.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_AcquiredFundFeesAndExpensesPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 10<br> -Subparagraph a, g, h<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_AcquiredFundFeesAndExpensesPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_AnnualExpensesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_AnnualExpensesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_BasisOfTransactionFeesNoteTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_BasisOfTransactionFeesNoteTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_BusinessDevelopmentCompanyFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_BusinessDevelopmentCompanyFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_CapitalStockLongTermDebtAndOtherSecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 10<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_CapitalStockLongTermDebtAndOtherSecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_CapitalStockTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 10<br> -Subsection 1<br> -Paragraph a<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_CapitalStockTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_ExpenseExampleTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_ExpenseExampleTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_ExpenseExampleYear01">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 11<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_ExpenseExampleYear01</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_ExpenseExampleYears1to10">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 11<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_ExpenseExampleYears1to10</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_ExpenseExampleYears1to3">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 11<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_ExpenseExampleYears1to3</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_ExpenseExampleYears1to5">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 11<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_ExpenseExampleYears1to5</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_FeeTableAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_FeeTableAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_GeneralDescriptionOfRegistrantAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_GeneralDescriptionOfRegistrantAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_HighestPriceOrBid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 5<br> -Paragraph b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_HighestPriceOrBid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_HighestPriceOrBidNav">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 5<br> -Paragraph b<br> -Subparagraph Instruction 4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_HighestPriceOrBidNav</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_HighestPriceOrBidPremiumDiscountToNavPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 5<br> -Paragraph b<br> -Subparagraph Instructions 4, 5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_HighestPriceOrBidPremiumDiscountToNavPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_InterestExpensesOnBorrowingsPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_InterestExpensesOnBorrowingsPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_IntervalFundFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_IntervalFundFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_InvestmentObjectivesAndPracticesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 2<br> -Paragraph b, d<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_InvestmentObjectivesAndPracticesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_LatestPremiumDiscountToNavPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 5<br> -Paragraph c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_LatestPremiumDiscountToNavPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_LowestPriceOrBid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 5<br> -Paragraph b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_LowestPriceOrBid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_LowestPriceOrBidNav">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 5<br> -Paragraph b<br> -Subparagraph Instruction 4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_LowestPriceOrBidNav</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_LowestPriceOrBidPremiumDiscountToNavPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 5<br> -Paragraph b<br> -Subparagraph Instructions 4, 5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_LowestPriceOrBidPremiumDiscountToNavPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_ManagementFeesPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 7<br> -Subparagraph a<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_ManagementFeesPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_NetExpenseOverAssetsPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_NetExpenseOverAssetsPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_NewCefOrBdcRegistrantFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_NewCefOrBdcRegistrantFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OtherAnnualExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OtherAnnualExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OtherAnnualExpensesPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OtherAnnualExpensesPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OtherTransactionExpense1Percent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OtherTransactionExpense1Percent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OtherTransactionExpense2Percent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OtherTransactionExpense2Percent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OtherTransactionExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OtherTransactionExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OtherTransactionExpensesPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OtherTransactionExpensesPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OutstandingSecuritiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 10<br> -Subsection 5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OutstandingSecuritiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OutstandingSecurityHeldShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 10<br> -Subsection 5<br> -Paragraph 3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OutstandingSecurityHeldShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OutstandingSecurityNotHeldShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 10<br> -Subsection 5<br> -Paragraph 4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OutstandingSecurityNotHeldShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_OutstandingSecurityTitleTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 10<br> -Subsection 5<br> -Paragraph 1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_OutstandingSecurityTitleTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_PrimaryShelfFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_PrimaryShelfFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_PrimaryShelfQualifiedFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_PrimaryShelfQualifiedFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RegisteredClosedEndFundFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RegisteredClosedEndFundFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskFactorsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 3<br> -Paragraph a<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskFactorsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 3<br> -Paragraph a<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_SalesLoadPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_SalesLoadPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_SecurityPreemptiveAndOtherRightsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 10<br> -Subsection 1<br> -Paragraph a<br> -Subparagraph 5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_SecurityPreemptiveAndOtherRightsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_SecurityTitleTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 10<br> -Subsection 1<br> -Paragraph a<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_SecurityTitleTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_SecurityVotingRightsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 10<br> -Subsection 1<br> -Paragraph a<br> -Subparagraph 2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_SecurityVotingRightsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_SharePriceTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 8<br> -Subsection 5<br> -Paragraph b<br> -Subparagraph 4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_SharePriceTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_ShareholderTransactionExpensesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_ShareholderTransactionExpensesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_TotalAnnualExpensesPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_TotalAnnualExpensesPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_WaiversAndReimbursementsOfFeesPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br> -Section Item 3<br> -Subsection 1<br> -Paragraph Instruction 9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_WaiversAndReimbursementsOfFeesPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>cef_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AdditionalSecurities462b">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 462<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AdditionalSecurities462b</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AdditionalSecuritiesEffective413b">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 413<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AdditionalSecuritiesEffective413b</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_ApproximateDateOfCommencementOfProposedSaleToThePublic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The approximate date of a commencement of a proposed sale of securities to the public. This element is disclosed in S-1, S-3, S-4, S-11, F-1, F-3 and F-10 filings.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_ApproximateDateOfCommencementOfProposedSaleToThePublic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:dateOrAsapItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_ContactPersonnelName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of contact personnel</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_ContactPersonnelName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DelayedOrContinuousOffering">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form S-3<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form F-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DelayedOrContinuousOffering</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DividendOrInterestReinvestmentPlanOnly">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form S-3<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form F-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DividendOrInterestReinvestmentPlanOnly</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentRegistrationStatement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as a registration statement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentRegistrationStatement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EffectiveUponFiling462e">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 462<br> -Subsection e<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EffectiveUponFiling462e</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EffectiveWhenDeclaredSection8c">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Section 8<br> -Subsection c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EffectiveWhenDeclaredSection8c</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInvCompanyType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>One of: N-1A (Mutual Fund), N-1 (Open-End Separate Account with No Variable Annuities), N-2 (Closed-End Investment Company), N-3 (Separate Account Registered as Open-End Management Investment Company), N-4 (Variable Annuity UIT Separate Account), N-5 (Small Business Investment Company), N-6 (Variable Life UIT Separate Account), S-1 or S-3 (Face Amount Certificate Company), S-6 (UIT, Non-Insurance Product).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-T<br> -Number 232<br> -Section 313<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInvCompanyType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:invCompanyType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_ExhibitsOnly462d">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 462<br> -Subsection d<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_ExhibitsOnly462d</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_InvestmentCompanyActFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-3<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-4<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_InvestmentCompanyActFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_InvestmentCompanyActRegistration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Investment Company Act<br> -Number 270<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_InvestmentCompanyActRegistration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_InvestmentCompanyRegistrationAmendment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Investment Company Act<br> -Number 270<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_InvestmentCompanyRegistrationAmendment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_NewEffectiveDateForPreviousFiling">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-2<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-3<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-4<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form N-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_NewEffectiveDateForPreviousFiling</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_NoSubstantiveChanges462c">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 462<br> -Subsection c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_NoSubstantiveChanges462c</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetAssetValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org/1943274/2147477796/946-210-45-4<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org/1943274/2147478494/946-205-50-7<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org/1943274/2147478494/946-205-50-7<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 505<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org/1943274/2147478448/946-505-50-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(19))<br> -Publisher FASB<br> -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.6-05(4))<br> -Publisher FASB<br> -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetAssetValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Price of a single share of a number of saleable stocks of a company.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_ActiveManagementRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_ActiveManagementRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_ActivistStrategiesRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_ActivistStrategiesRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_BankLoansRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_BankLoansRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_CatastropheBondsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_CatastropheBondsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_ClosedEndFundStructureRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_ClosedEndFundStructureRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_CoInvestmentRestrictionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_CoInvestmentRestrictionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_ConvertibleSecuritiesRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_ConvertibleSecuritiesRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_CorporateBondsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_CorporateBondsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_CounterpartyRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_CounterpartyRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_CreditDefaultSwapsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_CreditDefaultSwapsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_CreditRisksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_CreditRisksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_CurrencyRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_CurrencyRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_CybersecurityRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_CybersecurityRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DecisionMakingAuthorityRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DecisionMakingAuthorityRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DeflationRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DeflationRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DefensiveInvestingRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DefensiveInvestingRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DepositaryReceiptsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DepositaryReceiptsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DerivatesRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DerivatesRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DerivatesRiskFuturesContractsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DerivatesRiskFuturesContractsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DerivativesRiskOptionsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DerivativesRiskOptionsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DerivativesRiskRegulationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DerivativesRiskRegulationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DerivativesRiskSwapsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DerivativesRiskSwapsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_DistressedAndDefaultedSecuritiesRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_DistressedAndDefaultedSecuritiesRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_EquitySecuritiesRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_EquitySecuritiesRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_EmergingMarketSecuritiesRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_EmergingMarketSecuritiesRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_ExchangeTradedFundETFRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_ExchangeTradedFundETFRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_ForeignSecuritiesRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_ForeignSecuritiesRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_FrequentTradingRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_FrequentTradingRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_GovernmentInterventionsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_GovernmentInterventionsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_HedgingTransactionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_HedgingTransactionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_HighYieldInvestmentsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_HighYieldInvestmentsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_IlliquidInvestmentsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_IlliquidInvestmentsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_InflationRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_InflationRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_InflationIndexedBondsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_InflationIndexedBondsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_InformationTechnologySystemsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_InformationTechnologySystemsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_InterestRatesRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_InterestRatesRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_IssuerRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_IssuerRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_InvestmentCompanyActRegulationsRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_InvestmentCompanyActRegulationsRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_LegalTaxAndRegulatoryRisksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_LegalTaxAndRegulatoryRisksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_cef_RiskAxis=brw_LeverageRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cef_RiskAxis=brw_LeverageRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressesAddressTypeAxis=dei_BusinessContactMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressesAddressTypeAxis=dei_BusinessContactMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=brw_CommonSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=brw_CommonSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=brw_PreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=brw_PreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
.report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

.report table.authRefData a {
	display: block;
	font-weight: bold;
}

.report table.authRefData p {
	margin-top: 0px;
}

.report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

.report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

.report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

.report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
.pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
.report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

.report hr {
	border: 1px solid #acf;
}

/* Top labels */
.report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

.report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

.report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

.report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

.report td.pl div.a {
	width: 200px;
}

.report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
.report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
.report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
.report .re, .report .reu {
	background-color: #def;
}

.report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
.report .ro, .report .rou {
	background-color: white;
}

.report .rou td {
	border-bottom: 1px solid black;
}

.report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
.report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
.report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

.report .nump {
	padding-left: 2em;
}

.report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
.report .text {
	text-align: left;
	white-space: normal;
}

.report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

.report .text .more {
	display: none;
}

.report .text .note {
	font-style: italic;
	font-weight: bold;
}

.report .text .small {
	width: 10em;
}

.report sup {
	font-style: italic;
}

.report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>16
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.25.2</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>56</ContextCount>
  <ElementCount>75</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>true</FootnotesReported>
  <SegmentCount>45</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>4</UnitCount>
  <MyReports>
    <Report instance="fp0094187-1_n2ixbrl.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>995470 - Disclosure - N-2</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://xbrl.sec.gov/cef/role/N2</Role>
      <ShortName>N-2</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File>brw-20250703.xsd</File>
    <File>brw-20250703_def.xml</File>
    <File>brw-20250703_lab.xml</File>
    <File>brw-20250703_pre.xml</File>
    <File doctype="N-2" isN2Prospectus="true" isUsgaap="true" original="fp0094187-1_n2ixbrl.htm">fp0094187-1_n2ixbrl.htm</File>
  </InputFiles>
  <SupplementalFiles>
    <File>fp0094187-1_01.jpg</File>
  </SupplementalFiles>
  <BaseTaxonomies>
    <BaseTaxonomy items="2">http://fasb.org/us-gaap/2025</BaseTaxonomy>
    <BaseTaxonomy items="134">http://xbrl.sec.gov/cef/2025</BaseTaxonomy>
    <BaseTaxonomy items="33">http://xbrl.sec.gov/dei/2025</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>19
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "version": "2.2",
 "instance": {
  "fp0094187-1_n2ixbrl.htm": {
   "nsprefix": "brw",
   "nsuri": "http://sabacef.com/20250703",
   "dts": {
    "schema": {
     "local": [
      "brw-20250703.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/2006/xbrldi-2006.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
      "https://www.xbrl.org/dtr/type/2024-01-31/types.xsd",
      "https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd",
      "https://xbrl.fasb.org/srt/2025/elts/srt-roles-2025.xsd",
      "https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd",
      "https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd",
      "https://xbrl.fasb.org/us-gaap/2025/elts/us-roles-2025.xsd",
      "https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd",
      "https://xbrl.sec.gov/cef/2025/cef-2025.xsd",
      "https://xbrl.sec.gov/cef/2025/cef-2025_pre.xsd",
      "https://xbrl.sec.gov/country/2025/country-2025.xsd",
      "https://xbrl.sec.gov/dei/2025/dei-2025.xsd",
      "https://xbrl.sec.gov/dei/2025/dei-2025_lab.xsd",
      "https://xbrl.sec.gov/stpr/2025/stpr-2025.xsd"
     ]
    },
    "definitionLink": {
     "local": [
      "brw-20250703_def.xml"
     ]
    },
    "labelLink": {
     "local": [
      "brw-20250703_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "brw-20250703_pre.xml"
     ]
    },
    "inline": {
     "local": [
      "fp0094187-1_n2ixbrl.htm"
     ]
    }
   },
   "keyStandard": 75,
   "keyCustom": 0,
   "axisStandard": 3,
   "axisCustom": 0,
   "memberStandard": 1,
   "memberCustom": 44,
   "hidden": {
    "total": 3,
    "http://xbrl.sec.gov/dei/2025": 3
   },
   "contextCount": 56,
   "entityCount": 1,
   "segmentCount": 45,
   "elementCount": 238,
   "unitCount": 4,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/cef/2025": 134,
    "http://xbrl.sec.gov/dei/2025": 33,
    "http://fasb.org/us-gaap/2025": 2
   },
   "report": {
    "R1": {
     "role": "http://xbrl.sec.gov/cef/role/N2",
     "longName": "995470 - Disclosure - N-2",
     "shortName": "N-2",
     "isDefault": "true",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "AsOf2025-07-03",
      "name": "dei:EntityInvCompanyType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "dei:DocumentType",
       "span",
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "fp0094187-1_n2ixbrl.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "AsOf2025-07-03",
      "name": "dei:EntityInvCompanyType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "dei:DocumentType",
       "span",
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "fp0094187-1_n2ixbrl.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "cef_AcquiredFundFeesAndExpensesNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AcquiredFundFeesAndExpensesNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Acquired Fund Fees and Expenses, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r120"
     ]
    },
    "cef_AcquiredFundFeesAndExpensesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AcquiredFundFeesAndExpensesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Acquired Fund Fees and Expenses [Percent]"
       }
      }
     },
     "auth_ref": [
      "r121"
     ]
    },
    "cef_AcquiredFundFeesEstimatedNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AcquiredFundFeesEstimatedNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Acquired Fund Fees Estimated, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r122"
     ]
    },
    "cef_AcquiredFundIncentiveAllocationNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AcquiredFundIncentiveAllocationNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Acquired Fund Incentive Allocation, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r123"
     ]
    },
    "cef_AcquiredFundTotalAnnualExpensesNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AcquiredFundTotalAnnualExpensesNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Acquired Fund Total Annual Expenses, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r124"
     ]
    },
    "brw_ActiveManagementRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "ActiveManagementRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Active Management Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_ActivistStrategiesRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "ActivistStrategiesRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Activist Strategies Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_AdditionalSecurities462b": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AdditionalSecurities462b",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Securities. 462(b)"
       }
      }
     },
     "auth_ref": [
      "r167"
     ]
    },
    "dei_AdditionalSecurities462bFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AdditionalSecurities462bFileNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Securities, 462(b), File Number"
       }
      }
     },
     "auth_ref": [
      "r167"
     ]
    },
    "dei_AdditionalSecuritiesEffective413b": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AdditionalSecuritiesEffective413b",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Securities Effective, 413(b)"
       }
      }
     },
     "auth_ref": [
      "r166"
     ]
    },
    "dei_AddressTypeDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AddressTypeDomain",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Address Type [Domain]",
        "documentation": "An entity may have several addresses for different purposes and this domain represents all such types."
       }
      }
     },
     "auth_ref": []
    },
    "cef_AllCoregistrantsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AllCoregistrantsMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "All Coregistrants [Member]"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "cef_AllRisksMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AllRisksMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "All Risks:"
       }
      }
     },
     "auth_ref": [
      "r146"
     ]
    },
    "dei_AmendmentDescription": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AmendmentDescription",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Description",
        "documentation": "Description of changes contained within amended document."
       }
      }
     },
     "auth_ref": []
    },
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "cef_AnnualCoverageReturnRatePercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AnnualCoverageReturnRatePercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Coverage Return Rate [Percent]"
       }
      }
     },
     "auth_ref": [
      "r149"
     ]
    },
    "cef_AnnualDividendPayment": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AnnualDividendPayment",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Dividend Payment"
       }
      }
     },
     "auth_ref": [
      "r148"
     ]
    },
    "cef_AnnualDividendPaymentCurrent": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AnnualDividendPaymentCurrent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Dividend Payment, Current"
       }
      }
     },
     "auth_ref": [
      "r148"
     ]
    },
    "cef_AnnualDividendPaymentInitial": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AnnualDividendPaymentInitial",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Dividend Payment, Initial"
       }
      }
     },
     "auth_ref": [
      "r148"
     ]
    },
    "cef_AnnualExpensesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AnnualExpensesTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Expenses [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r128"
     ]
    },
    "cef_AnnualInterestRateCurrentPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AnnualInterestRateCurrentPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Interest Rate, Current [Percent]"
       }
      }
     },
     "auth_ref": [
      "r148"
     ]
    },
    "cef_AnnualInterestRateInitialPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AnnualInterestRateInitialPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Interest Rate, Initial [Percent]"
       }
      }
     },
     "auth_ref": [
      "r148"
     ]
    },
    "cef_AnnualInterestRatePercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "AnnualInterestRatePercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Interest Rate [Percent]"
       }
      }
     },
     "auth_ref": [
      "r148"
     ]
    },
    "dei_ApproximateDateOfCommencementOfProposedSaleToThePublic": {
     "xbrltype": "dateOrAsapItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "ApproximateDateOfCommencementOfProposedSaleToThePublic",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Approximate Date of Commencement of Proposed Sale to Public",
        "documentation": "The approximate date of a commencement of a proposed sale of securities to the public. This element is disclosed in S-1, S-3, S-4, S-11, F-1, F-3 and F-10 filings."
       }
      }
     },
     "auth_ref": []
    },
    "brw_BankLoansRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "BankLoansRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Bank Loans Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_BasisOfTransactionFeesNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "BasisOfTransactionFeesNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Basis of Transaction Fees, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r126"
     ]
    },
    "cef_BdcFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "BdcFileNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "BDC File Number"
       }
      }
     },
     "auth_ref": []
    },
    "dei_BusinessContactMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "BusinessContactMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Business Contact [Member]",
        "documentation": "Business contact for the entity"
       }
      }
     },
     "auth_ref": [
      "r90",
      "r91"
     ]
    },
    "cef_BusinessDevelopmentCompanyFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "BusinessDevelopmentCompanyFlag",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Business Development Company [Flag]"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "cef_CapitalStockLongTermDebtAndOtherSecuritiesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "CapitalStockLongTermDebtAndOtherSecuritiesAbstract",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Capital Stock, Long-Term Debt, and Other Securities [Abstract]"
       }
      }
     },
     "auth_ref": [
      "r94"
     ]
    },
    "cef_CapitalStockTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "CapitalStockTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Capital Stock [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r95"
     ]
    },
    "brw_CatastropheBondsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "CatastropheBondsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Catastrophe Bonds Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "CityAreaCode",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ClassOfStockDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "ClassOfStockDomain",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock."
       }
      }
     },
     "auth_ref": [
      "r8",
      "r9",
      "r10",
      "r11",
      "r12",
      "r13",
      "r14",
      "r15",
      "r16",
      "r17",
      "r18",
      "r19",
      "r20",
      "r21",
      "r22",
      "r23",
      "r24",
      "r25",
      "r26",
      "r43",
      "r44",
      "r45",
      "r46",
      "r47",
      "r48",
      "r49",
      "r50",
      "r51",
      "r52",
      "r53",
      "r54",
      "r55",
      "r56",
      "r57",
      "r58",
      "r59",
      "r60",
      "r61",
      "r62",
      "r63",
      "r64",
      "r65",
      "r66",
      "r67",
      "r68",
      "r69",
      "r70",
      "r71",
      "r74",
      "r75",
      "r76",
      "r77",
      "r78",
      "r79",
      "r80",
      "r175",
      "r178",
      "r180",
      "r182"
     ]
    },
    "brw_ClosedEndFundStructureRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "ClosedEndFundStructureRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Closed-End Fund Structure Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_CoInvestmentRestrictionsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "CoInvestmentRestrictionsMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Co-Investment Restrictions [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_CommonSharesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "CommonSharesMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Common Shares [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_ContactPersonnelName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "ContactPersonnelName",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Contact Personnel Name",
        "documentation": "Name of contact personnel"
       }
      }
     },
     "auth_ref": []
    },
    "brw_ConvertibleSecuritiesRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "ConvertibleSecuritiesRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Convertible Securities Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_CoregistrantAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "CoregistrantAxis",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Coregistrant [Axis]"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "brw_CorporateBondsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "CorporateBondsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Corporate Bonds Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_CounterpartyRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "CounterpartyRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Counterparty Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "CoverAbstract",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Cover [Abstract]",
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "brw_CreditDefaultSwapsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "CreditDefaultSwapsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Credit Default Swaps Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_CreditRisksMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "CreditRisksMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Credit Risks [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_CurrencyRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "CurrencyRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Currency Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_CybersecurityRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "CybersecurityRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Cybersecurity Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DebtInstrumentAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "DebtInstrumentAxis",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Debt Instrument [Axis]",
        "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities."
       }
      }
     },
     "auth_ref": [
      "r0",
      "r3",
      "r4",
      "r6",
      "r7",
      "r27",
      "r28",
      "r29",
      "r30",
      "r31",
      "r32",
      "r33",
      "r34",
      "r35",
      "r36",
      "r37",
      "r38",
      "r39",
      "r40",
      "r41",
      "r42",
      "r81",
      "r82",
      "r83",
      "r84",
      "r85",
      "r86",
      "r176",
      "r177",
      "r179",
      "r181",
      "r183",
      "r184",
      "r185",
      "r187",
      "r188",
      "r189"
     ]
    },
    "us-gaap_DebtInstrumentNameDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "DebtInstrumentNameDomain",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities."
       }
      }
     },
     "auth_ref": [
      "r0",
      "r27",
      "r28",
      "r29",
      "r30",
      "r31",
      "r32",
      "r33",
      "r34",
      "r35",
      "r36",
      "r37",
      "r38",
      "r39",
      "r40",
      "r41",
      "r42",
      "r81",
      "r82",
      "r83",
      "r84",
      "r85",
      "r86",
      "r176",
      "r177",
      "r179",
      "r181",
      "r183",
      "r184",
      "r185",
      "r187",
      "r188",
      "r189"
     ]
    },
    "brw_DecisionMakingAuthorityRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DecisionMakingAuthorityRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Decision-Making Authority Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_DefensiveInvestingRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DefensiveInvestingRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Defensive Investing Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_DeflationRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DeflationRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Deflation Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_DelayedOrContinuousOffering": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DelayedOrContinuousOffering",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Delayed or Continuous Offering"
       }
      }
     },
     "auth_ref": [
      "r92",
      "r93",
      "r162"
     ]
    },
    "brw_DepositaryReceiptsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DepositaryReceiptsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Depositary Receipts Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_DerivatesRiskFuturesContractsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DerivatesRiskFuturesContractsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Derivates Risk \u0096 Futures Contracts Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_DerivatesRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DerivatesRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Derivates Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_DerivativesRiskOptionsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DerivativesRiskOptionsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Derivatives Risk \u0096 Options Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_DerivativesRiskRegulationMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DerivativesRiskRegulationMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Derivatives Risk \u0096 Regulation [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_DerivativesRiskSwapsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DerivativesRiskSwapsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Derivatives Risk \u0096 Swaps Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_DistressedAndDefaultedSecuritiesRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "DistressedAndDefaultedSecuritiesRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Distressed and Defaulted Securities Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_DistributionServicingFeesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "DistributionServicingFeesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Distribution/Servicing Fees [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_DistributionsMayReducePrincipalTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "DistributionsMayReducePrincipalTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Distributions May Reduce Principal [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r102"
     ]
    },
    "cef_DividendAndInterestExpensesOnShortSalesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "DividendAndInterestExpensesOnShortSalesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Dividend and Interest Expenses on Short Sales [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_DividendExpenseOnPreferredSharesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "DividendExpenseOnPreferredSharesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Dividend Expenses on Preferred Shares [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "dei_DividendOrInterestReinvestmentPlanOnly": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DividendOrInterestReinvestmentPlanOnly",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Dividend or Interest Reinvestment Plan Only"
       }
      }
     },
     "auth_ref": [
      "r92",
      "r93",
      "r162"
     ]
    },
    "cef_DividendReinvestmentAndCashPurchaseFees": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "DividendReinvestmentAndCashPurchaseFees",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Dividend Reinvestment and Cash Purchase Fees"
       }
      }
     },
     "auth_ref": [
      "r118"
     ]
    },
    "dei_DocumentRegistrationStatement": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentRegistrationStatement",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Registration Statement",
        "documentation": "Boolean flag that is true only for a form used as a registration statement."
       }
      }
     },
     "auth_ref": [
      "r88"
     ]
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentType",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EffectiveAfter60Days486a": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EffectiveAfter60Days486a",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effective after 60 Days, 486(a)"
       }
      }
     },
     "auth_ref": [
      "r171"
     ]
    },
    "dei_EffectiveOnDate486a": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EffectiveOnDate486a",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effective on Date, 486(a)"
       }
      }
     },
     "auth_ref": [
      "r171"
     ]
    },
    "dei_EffectiveOnDate486b": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EffectiveOnDate486b",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effective on Date, 486(b)"
       }
      }
     },
     "auth_ref": [
      "r172"
     ]
    },
    "dei_EffectiveOnSetDate486a": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EffectiveOnSetDate486a",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effective on Set Date, 486(a)"
       }
      }
     },
     "auth_ref": [
      "r171"
     ]
    },
    "dei_EffectiveOnSetDate486b": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EffectiveOnSetDate486b",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effective on Set Date, 486(b)"
       }
      }
     },
     "auth_ref": [
      "r172"
     ]
    },
    "dei_EffectiveUponFiling462e": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EffectiveUponFiling462e",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effective Upon Filing, 462(e)"
       }
      }
     },
     "auth_ref": [
      "r170"
     ]
    },
    "dei_EffectiveUponFiling486b": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EffectiveUponFiling486b",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effective upon Filing, 486(b)"
       }
      }
     },
     "auth_ref": [
      "r172"
     ]
    },
    "dei_EffectiveWhenDeclaredSection8c": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EffectiveWhenDeclaredSection8c",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effective when Declared, Section 8(c)"
       }
      }
     },
     "auth_ref": [
      "r174"
     ]
    },
    "cef_EffectsOfLeveragePurposeTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "EffectsOfLeveragePurposeTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effects of Leverage, Purpose [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r150"
     ]
    },
    "cef_EffectsOfLeverageTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "EffectsOfLeverageTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effects of Leverage [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r150"
     ]
    },
    "cef_EffectsOfLeverageTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "EffectsOfLeverageTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Effects of Leverage [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r147"
     ]
    },
    "brw_EmergingMarketSecuritiesRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "EmergingMarketSecuritiesRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Emerging Market Securities Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine2": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressAddressLine2",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line Two",
        "documentation": "Address Line 2 such as Street or Suite number"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine3": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressAddressLine3",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line Three",
        "documentation": "Address Line 3 such as an Office Park"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressesAddressTypeAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressesAddressTypeAxis",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Addresses, Address Type [Axis]",
        "documentation": "The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r89"
     ]
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r89"
     ]
    },
    "dei_EntityExTransitionPeriod": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityExTransitionPeriod",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Ex Transition Period",
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards."
       }
      }
     },
     "auth_ref": [
      "r173"
     ]
    },
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Securities Act File Number",
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityInvCompanyType": {
     "xbrltype": "invCompanyType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityInvCompanyType",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Inv Company Type",
        "documentation": "One of: N-1A (Mutual Fund), N-1 (Open-End Separate Account with No Variable Annuities), N-2 (Closed-End Investment Company), N-3 (Separate Account Registered as Open-End Management Investment Company), N-4 (Variable Annuity UIT Separate Account), N-5 (Small Business Investment Company), N-6 (Variable Life UIT Separate Account), S-1 or S-3 (Face Amount Certificate Company), S-6 (UIT, Non-Insurance Product)."
       }
      }
     },
     "auth_ref": [
      "r164"
     ]
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r89"
     ]
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityWellKnownSeasonedIssuer",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Well-known Seasoned Issuer",
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A."
       }
      }
     },
     "auth_ref": [
      "r165"
     ]
    },
    "brw_EquitySecuritiesRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "EquitySecuritiesRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Securities Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_ExchangeTradedFundETFRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "ExchangeTradedFundETFRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Exchange Traded Fund (ETF) Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_ExhibitsOnly462d": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "ExhibitsOnly462d",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Exhibits Only, 462(d)"
       }
      }
     },
     "auth_ref": [
      "r169"
     ]
    },
    "dei_ExhibitsOnly462dFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "ExhibitsOnly462dFileNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Exhibits Only, 462(d), File Number"
       }
      }
     },
     "auth_ref": [
      "r169"
     ]
    },
    "cef_ExpenseExampleTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ExpenseExampleTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expense Example [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r118"
     ]
    },
    "cef_ExpenseExampleYear01": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ExpenseExampleYear01",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expense Example, Year 01"
       }
      }
     },
     "auth_ref": [
      "r125"
     ]
    },
    "cef_ExpenseExampleYears1to10": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ExpenseExampleYears1to10",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expense Example, Years 1 to 10"
       }
      }
     },
     "auth_ref": [
      "r125"
     ]
    },
    "cef_ExpenseExampleYears1to3": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ExpenseExampleYears1to3",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expense Example, Years 1 to 3"
       }
      }
     },
     "auth_ref": [
      "r125"
     ]
    },
    "cef_ExpenseExampleYears1to5": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ExpenseExampleYears1to5",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expense Example, Years 1 to 5"
       }
      }
     },
     "auth_ref": [
      "r125"
     ]
    },
    "brw_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Failures of Futures Commission Merchants and Clearing Organizations Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_FeeTableAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "FeeTableAbstract",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Fee Table [Abstract]"
       }
      }
     },
     "auth_ref": [
      "r118"
     ]
    },
    "cef_FinancialHighlightsAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "FinancialHighlightsAbstract",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Financial Highlights [Abstract]"
       }
      }
     },
     "auth_ref": [
      "r133"
     ]
    },
    "brw_ForeignSecuritiesRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "ForeignSecuritiesRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Foreign Securities Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_FrequentTradingRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "FrequentTradingRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Frequent Trading Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_GeneralDescriptionOfRegistrantAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "GeneralDescriptionOfRegistrantAbstract",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "General Description of Registrant [Abstract]"
       }
      }
     },
     "auth_ref": [
      "r144"
     ]
    },
    "brw_GovernmentInterventionsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "GovernmentInterventionsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Government Interventions Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_HedgingTransactionsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "HedgingTransactionsMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Hedging Transactions [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_HighYieldInvestmentsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "HighYieldInvestmentsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "High-Yield Investments Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_HighestPriceOrBid": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "HighestPriceOrBid",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Highest Price or Bid"
       }
      }
     },
     "auth_ref": [
      "r151"
     ]
    },
    "cef_HighestPriceOrBidNav": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "HighestPriceOrBidNav",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Highest Price or Bid, NAV"
       }
      }
     },
     "auth_ref": [
      "r155"
     ]
    },
    "cef_HighestPriceOrBidPremiumDiscountToNavPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "HighestPriceOrBidPremiumDiscountToNavPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Highest Price or Bid, Premium (Discount) to NAV [Percent]"
       }
      }
     },
     "auth_ref": [
      "r156"
     ]
    },
    "brw_IlliquidInvestmentsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "IlliquidInvestmentsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Illiquid Investments Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_IncentiveAllocationMaximumPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "IncentiveAllocationMaximumPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Incentive Allocation Maximum [Percent]"
       }
      }
     },
     "auth_ref": [
      "r123"
     ]
    },
    "cef_IncentiveAllocationMinimumPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "IncentiveAllocationMinimumPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Incentive Allocation Minimum [Percent]"
       }
      }
     },
     "auth_ref": [
      "r123"
     ]
    },
    "cef_IncentiveAllocationPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "IncentiveAllocationPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Incentive Allocation [Percent]"
       }
      }
     },
     "auth_ref": [
      "r123"
     ]
    },
    "cef_IncentiveFeesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "IncentiveFeesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Incentive Fees [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "brw_InflationIndexedBondsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "InflationIndexedBondsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Inflation-Indexed Bonds Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_InflationRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "InflationRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Inflation Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_InformationTechnologySystemsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "InformationTechnologySystemsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Information Technology Systems Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_InterestExpensesOnBorrowingsPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "InterestExpensesOnBorrowingsPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Interest Expenses on Borrowings [Percent]"
       }
      }
     },
     "auth_ref": [
      "r131"
     ]
    },
    "us-gaap_InterestRateRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "InterestRateRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Interest Rate Risk [Member]",
        "documentation": "The risk associated with changes in interest rates that effect the value of an interest-bearing asset or liability, and a servicing asset or liability."
       }
      }
     },
     "auth_ref": []
    },
    "brw_InterestRatesRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "InterestRatesRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Interest Rates Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_IntervalFundFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "IntervalFundFlag",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Interval Fund [Flag]"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "dei_InvestmentCompanyActFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "InvestmentCompanyActFileNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investment Company Act File Number"
       }
      }
     },
     "auth_ref": [
      "r93",
      "r159",
      "r160",
      "r161"
     ]
    },
    "dei_InvestmentCompanyActRegistration": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "InvestmentCompanyActRegistration",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investment Company Act Registration"
       }
      }
     },
     "auth_ref": [
      "r163"
     ]
    },
    "brw_InvestmentCompanyActRegulationsRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "InvestmentCompanyActRegulationsRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investment Company Act Regulations Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_InvestmentCompanyRegistrationAmendment": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "InvestmentCompanyRegistrationAmendment",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investment Company Registration Amendment"
       }
      }
     },
     "auth_ref": [
      "r163"
     ]
    },
    "dei_InvestmentCompanyRegistrationAmendmentNumber": {
     "xbrltype": "sequenceNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "InvestmentCompanyRegistrationAmendmentNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investment Company Registration Amendment Number"
       }
      }
     },
     "auth_ref": [
      "r163"
     ]
    },
    "cef_InvestmentObjectivesAndPracticesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "InvestmentObjectivesAndPracticesTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investment Objectives and Practices [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r145"
     ]
    },
    "brw_IssuerRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "IssuerRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Issuer Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_LatestPremiumDiscountToNavPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LatestPremiumDiscountToNavPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Latest Premium (Discount) to NAV [Percent]"
       }
      }
     },
     "auth_ref": [
      "r157"
     ]
    },
    "brw_LegalTaxAndRegulatoryRisksMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "LegalTaxAndRegulatoryRisksMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Legal, Tax and Regulatory Risks [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "brw_LeverageRiskMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "LeverageRiskMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Leverage Risk [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_LoanServicingFeesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LoanServicingFeesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Loan Servicing Fees [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "cef_LongTermDebtDividendsAndCovenantsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LongTermDebtDividendsAndCovenantsTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Long Term Debt, Dividends and Covenants [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r109"
     ]
    },
    "cef_LongTermDebtIssuanceAndSubstitutionTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LongTermDebtIssuanceAndSubstitutionTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Long Term Debt, Issuance and Substitution [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r110"
     ]
    },
    "cef_LongTermDebtPrincipal": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LongTermDebtPrincipal",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Long Term Debt, Principal"
       }
      }
     },
     "auth_ref": [
      "r107"
     ]
    },
    "cef_LongTermDebtRightsLimitedByOtherSecuritiesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LongTermDebtRightsLimitedByOtherSecuritiesTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Long Term Debt, Rights Limited by Other Securities [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r111"
     ]
    },
    "cef_LongTermDebtStructuringTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LongTermDebtStructuringTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Long Term Debt, Structuring [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r108"
     ]
    },
    "cef_LongTermDebtTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LongTermDebtTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Long Term Debt [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r107"
     ]
    },
    "cef_LongTermDebtTitleTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LongTermDebtTitleTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Long Term Debt, Title [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r107"
     ]
    },
    "cef_LowestPriceOrBid": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LowestPriceOrBid",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Lowest Price or Bid"
       }
      }
     },
     "auth_ref": [
      "r151"
     ]
    },
    "cef_LowestPriceOrBidNav": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LowestPriceOrBidNav",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Lowest Price or Bid, NAV"
       }
      }
     },
     "auth_ref": [
      "r155"
     ]
    },
    "cef_LowestPriceOrBidPremiumDiscountToNavPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "LowestPriceOrBidPremiumDiscountToNavPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Lowest Price or Bid, Premium (Discount) to NAV [Percent]"
       }
      }
     },
     "auth_ref": [
      "r156"
     ]
    },
    "cef_ManagementFeeNotBasedOnNetAssetsNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ManagementFeeNotBasedOnNetAssetsNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Management Fee not based on Net Assets, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r130"
     ]
    },
    "cef_ManagementFeesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ManagementFeesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Management Fees [Percent]"
       }
      }
     },
     "auth_ref": [
      "r129"
     ]
    },
    "us-gaap_NetAssetValuePerShare": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "NetAssetValuePerShare",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "NAV Per Share",
        "documentation": "Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure."
       }
      }
     },
     "auth_ref": [
      "r62",
      "r69",
      "r70",
      "r72",
      "r73",
      "r76",
      "r87"
     ]
    },
    "cef_NetExpenseOverAssetsPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "NetExpenseOverAssetsPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Net Expense over Assets [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_NewCefOrBdcRegistrantFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "NewCefOrBdcRegistrantFlag",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "New CEF or BDC Registrant [Flag]"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "dei_NewEffectiveDateForPreviousFiling": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "NewEffectiveDateForPreviousFiling",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "New Effective Date for Previous Filing"
       }
      }
     },
     "auth_ref": [
      "r93",
      "r159",
      "r160",
      "r161"
     ]
    },
    "cef_NoPublicTradingTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "NoPublicTradingTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "No Public Trading [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r154"
     ]
    },
    "dei_NoSubstantiveChanges462c": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "NoSubstantiveChanges462c",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "No Substantive Changes, 462(c)"
       }
      }
     },
     "auth_ref": [
      "r168"
     ]
    },
    "dei_NoSubstantiveChanges462cFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "NoSubstantiveChanges462cFileNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "No Substantive Changes, 462(c), File Number"
       }
      }
     },
     "auth_ref": [
      "r168"
     ]
    },
    "cef_NoTradingHistoryTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "NoTradingHistoryTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "No Trading History [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r158"
     ]
    },
    "cef_OtherAnnualExpense1Percent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherAnnualExpense1Percent",
     "calculation": {
      "http://xbrl.sec.gov/cef/role/Item3Ae": {
       "parentTag": "cef_OtherAnnualExpensesPercent",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Annual Expense 1 [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_OtherAnnualExpense2Percent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherAnnualExpense2Percent",
     "calculation": {
      "http://xbrl.sec.gov/cef/role/Item3Ae": {
       "parentTag": "cef_OtherAnnualExpensesPercent",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Annual Expense 2 [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_OtherAnnualExpense3Percent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherAnnualExpense3Percent",
     "calculation": {
      "http://xbrl.sec.gov/cef/role/Item3Ae": {
       "parentTag": "cef_OtherAnnualExpensesPercent",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Annual Expense 3 [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_OtherAnnualExpensesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherAnnualExpensesAbstract",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Annual Expenses [Abstract]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_OtherAnnualExpensesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherAnnualExpensesPercent",
     "calculation": {
      "http://xbrl.sec.gov/cef/role/Item3Ae": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Annual Expenses [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_OtherExpensesNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherExpensesNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Expenses, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r128"
     ]
    },
    "cef_OtherFeederFundExpensesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherFeederFundExpensesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Feeder Fund Expenses [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_OtherMasterFundExpensesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherMasterFundExpensesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Master Fund Expenses [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_OtherSecuritiesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherSecuritiesTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Securities [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r112"
     ]
    },
    "cef_OtherSecurityDescriptionTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherSecurityDescriptionTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Security, Description [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r112"
     ]
    },
    "cef_OtherSecurityTitleTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherSecurityTitleTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Security, Title [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r112"
     ]
    },
    "cef_OtherTransactionExpense1Percent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherTransactionExpense1Percent",
     "calculation": {
      "http://xbrl.sec.gov/cef/role/Item3Te": {
       "parentTag": "cef_OtherTransactionExpensesPercent",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Transaction Expense 1 [Percent]"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_OtherTransactionExpense2Percent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherTransactionExpense2Percent",
     "calculation": {
      "http://xbrl.sec.gov/cef/role/Item3Te": {
       "parentTag": "cef_OtherTransactionExpensesPercent",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Transaction Expense 2 [Percent]"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_OtherTransactionExpense3Percent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherTransactionExpense3Percent",
     "calculation": {
      "http://xbrl.sec.gov/cef/role/Item3Te": {
       "parentTag": "cef_OtherTransactionExpensesPercent",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Transaction Expense 3 [Percent]"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_OtherTransactionExpensesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherTransactionExpensesAbstract",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Transaction Expenses [Abstract]"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_OtherTransactionExpensesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherTransactionExpensesPercent",
     "calculation": {
      "http://xbrl.sec.gov/cef/role/Item3Te": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Transaction Expenses [Percent]"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_OtherTransactionFeesBasisMaximum": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherTransactionFeesBasisMaximum",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Transaction Fees Basis, Maximum"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_OtherTransactionFeesBasisMaximumPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherTransactionFeesBasisMaximumPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Transaction Fees Basis, Maximum [Percent]"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_OtherTransactionFeesBasisNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherTransactionFeesBasisNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Transaction Fees Basis, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_OtherTransactionFeesNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OtherTransactionFeesNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Transaction Fees, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_OutstandingSecuritiesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OutstandingSecuritiesTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Outstanding Securities [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r113"
     ]
    },
    "cef_OutstandingSecurityAuthorizedShares": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OutstandingSecurityAuthorizedShares",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Outstanding Security, Authorized [Shares]"
       }
      }
     },
     "auth_ref": [
      "r115"
     ]
    },
    "cef_OutstandingSecurityHeldShares": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OutstandingSecurityHeldShares",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Outstanding Security, Held [Shares]"
       }
      }
     },
     "auth_ref": [
      "r116"
     ]
    },
    "cef_OutstandingSecurityNotHeldShares": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OutstandingSecurityNotHeldShares",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Outstanding Security, Not Held [Shares]"
       }
      }
     },
     "auth_ref": [
      "r117"
     ]
    },
    "cef_OutstandingSecurityTitleTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "OutstandingSecurityTitleTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Outstanding Security, Title [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r114"
     ]
    },
    "dei_PostEffectiveAmendment": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "PostEffectiveAmendment",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Post-Effective Amendment"
       }
      }
     },
     "auth_ref": [
      "r88"
     ]
    },
    "dei_PostEffectiveAmendmentNumber": {
     "xbrltype": "sequenceNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "PostEffectiveAmendmentNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Post-Effective Amendment Number",
        "documentation": "Amendment number to registration statement under the Securities Act of 1933 after the registration becomes effective."
       }
      }
     },
     "auth_ref": [
      "r88"
     ]
    },
    "dei_PreEffectiveAmendment": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "PreEffectiveAmendment",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre-Effective Amendment"
       }
      }
     },
     "auth_ref": [
      "r88"
     ]
    },
    "dei_PreEffectiveAmendmentNumber": {
     "xbrltype": "sequenceNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "PreEffectiveAmendmentNumber",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre-Effective Amendment Number",
        "documentation": "Amendment number to registration statement under the Securities Act of 1933 before the registration becomes effective."
       }
      }
     },
     "auth_ref": [
      "r88"
     ]
    },
    "brw_PreferredSharesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "PreferredSharesMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Preferred Shares [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_PreferredStockLiquidationPreference": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "PreferredStockLiquidationPreference",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Preferred Stock Liquidating Preference",
        "documentation": "The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share."
       }
      }
     },
     "auth_ref": [
      "r1",
      "r2",
      "r5",
      "r176",
      "r178",
      "r186"
     ]
    },
    "cef_PreferredStockRestrictionsArrearageTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "PreferredStockRestrictionsArrearageTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Preferred Stock Restrictions, Arrearage [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r103"
     ]
    },
    "cef_PreferredStockRestrictionsOtherTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "PreferredStockRestrictionsOtherTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Preferred Stock Restrictions, Other [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r104"
     ]
    },
    "cef_PrimaryShelfFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "PrimaryShelfFlag",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Primary Shelf [Flag]"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "cef_PrimaryShelfQualifiedFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "PrimaryShelfQualifiedFlag",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Primary Shelf Qualified [Flag]"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "cef_ProspectusLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ProspectusLineItems",
     "lang": {
      "en-us": {
       "role": {
        "label": "Prospectus [Line Items]"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "cef_ProspectusTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ProspectusTable",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Prospectus:"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "cef_PurposeOfFeeTableNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "PurposeOfFeeTableNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Purpose of Fee Table , Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r119"
     ]
    },
    "cef_RegisteredClosedEndFundFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "RegisteredClosedEndFundFlag",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Registered Closed-End Fund [Flag]"
       }
      }
     },
     "auth_ref": [
      "r93"
     ]
    },
    "cef_ReturnAtMinusFivePercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ReturnAtMinusFivePercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Return at Minus Five [Percent]"
       }
      }
     },
     "auth_ref": [
      "r150"
     ]
    },
    "cef_ReturnAtMinusTenPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ReturnAtMinusTenPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Return at Minus Ten [Percent]"
       }
      }
     },
     "auth_ref": [
      "r150"
     ]
    },
    "cef_ReturnAtPlusFivePercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ReturnAtPlusFivePercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Return at Plus Five [Percent]"
       }
      }
     },
     "auth_ref": [
      "r150"
     ]
    },
    "cef_ReturnAtPlusTenPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ReturnAtPlusTenPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Return at Plus Ten [Percent]"
       }
      }
     },
     "auth_ref": [
      "r150"
     ]
    },
    "cef_ReturnAtZeroPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ReturnAtZeroPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Return at Zero [Percent]"
       }
      }
     },
     "auth_ref": [
      "r150"
     ]
    },
    "cef_RightsLimitedByOtherSecuritiesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "RightsLimitedByOtherSecuritiesTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Rights Limited by Other Securities [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r106"
     ]
    },
    "cef_RightsSubjectToOtherThanMajorityVoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "RightsSubjectToOtherThanMajorityVoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Rights Subject to Other than Majority Vote [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r105"
     ]
    },
    "cef_RiskAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "RiskAxis",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Risk [Axis]"
       }
      }
     },
     "auth_ref": [
      "r146"
     ]
    },
    "cef_RiskFactorsTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "RiskFactorsTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Risk Factors [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r146"
     ]
    },
    "cef_RiskTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "RiskTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Risk [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r146"
     ]
    },
    "brw_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://sabacef.com/20250703",
     "localname": "RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Risks Relating to Investments in Exchange Traded Funds/Trusts that invest in cryptocurrencies or similar digital assets that utilize blockchain technology [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "cef_SalesLoadPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SalesLoadPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Sales Load [Percent]"
       }
      }
     },
     "auth_ref": [
      "r118"
     ]
    },
    "cef_SecurityDividendsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SecurityDividendsTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Dividends [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r96"
     ]
    },
    "cef_SecurityLiabilitiesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SecurityLiabilitiesTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Liabilities [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r99"
     ]
    },
    "cef_SecurityLiquidationRightsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SecurityLiquidationRightsTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Liquidation Rights [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r98"
     ]
    },
    "cef_SecurityObligationsOfOwnershipTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SecurityObligationsOfOwnershipTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Obligations of Ownership [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r101"
     ]
    },
    "cef_SecurityPreemptiveAndOtherRightsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SecurityPreemptiveAndOtherRightsTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Preemptive and Other Rights [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r100"
     ]
    },
    "cef_SecurityTitleTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SecurityTitleTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Title [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r95"
     ]
    },
    "cef_SecurityVotingRightsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SecurityVotingRightsTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Voting Rights [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r97"
     ]
    },
    "cef_SeniorSecuritiesAmt": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SeniorSecuritiesAmt",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Senior Securities Amount"
       }
      }
     },
     "auth_ref": [
      "r138"
     ]
    },
    "cef_SeniorSecuritiesAverageMarketValuePerUnit": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SeniorSecuritiesAverageMarketValuePerUnit",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Senior Securities Average Market Value per Unit"
       }
      }
     },
     "auth_ref": [
      "r140"
     ]
    },
    "cef_SeniorSecuritiesAveragingMethodNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SeniorSecuritiesAveragingMethodNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Senior Securities Averaging Method, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r142"
     ]
    },
    "cef_SeniorSecuritiesCvgPerUnit": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SeniorSecuritiesCvgPerUnit",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Senior Securities Coverage per Unit"
       }
      }
     },
     "auth_ref": [
      "r139"
     ]
    },
    "cef_SeniorSecuritiesHeadingsNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SeniorSecuritiesHeadingsNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Senior Securities Headings, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r143"
     ]
    },
    "cef_SeniorSecuritiesHighlightsAnnualizedNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SeniorSecuritiesHighlightsAnnualizedNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Senior Securities Highlights Annualized, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r135",
      "r141"
     ]
    },
    "cef_SeniorSecuritiesHighlightsAuditedNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SeniorSecuritiesHighlightsAuditedNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Senior Securities Highlights Audited, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r136",
      "r141"
     ]
    },
    "cef_SeniorSecuritiesNoteTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SeniorSecuritiesNoteTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Senior Securities, Note [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r134",
      "r141"
     ]
    },
    "cef_SeniorSecuritiesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SeniorSecuritiesTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Senior Securities [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r137"
     ]
    },
    "us-gaap_SharePrice": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "SharePrice",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Share Price",
        "documentation": "Price of a single share of a number of saleable stocks of a company."
       }
      }
     },
     "auth_ref": []
    },
    "cef_SharePriceTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SharePriceTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Share Price [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r152"
     ]
    },
    "cef_SharePricesNotActualTransactionsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "SharePricesNotActualTransactionsTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Share Prices Not Actual Transactions [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r153"
     ]
    },
    "cef_ShareholderTransactionExpensesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "ShareholderTransactionExpensesTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Shareholder Transaction Expenses [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r118"
     ]
    },
    "us-gaap_StatementClassOfStockAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "StatementClassOfStockAxis",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class of Stock [Axis]",
        "documentation": "Information by the different classes of stock of the entity."
       }
      }
     },
     "auth_ref": [
      "r8",
      "r9",
      "r10",
      "r11",
      "r12",
      "r13",
      "r14",
      "r15",
      "r16",
      "r17",
      "r18",
      "r19",
      "r20",
      "r21",
      "r22",
      "r23",
      "r24",
      "r25",
      "r26",
      "r43",
      "r44",
      "r45",
      "r46",
      "r47",
      "r48",
      "r49",
      "r50",
      "r51",
      "r52",
      "r53",
      "r54",
      "r55",
      "r56",
      "r57",
      "r58",
      "r59",
      "r60",
      "r61",
      "r62",
      "r63",
      "r64",
      "r65",
      "r66",
      "r67",
      "r68",
      "r69",
      "r70",
      "r71",
      "r74",
      "r75",
      "r76",
      "r77",
      "r78",
      "r79",
      "r80",
      "r175",
      "r178",
      "r180",
      "r182"
     ]
    },
    "cef_TotalAnnualExpensesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "TotalAnnualExpensesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Total Annual Expenses [Percent]"
       }
      }
     },
     "auth_ref": [
      "r131"
     ]
    },
    "cef_UnderwritersCompensationPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "UnderwritersCompensationPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Underwriters Compensation [Percent]"
       }
      }
     },
     "auth_ref": [
      "r127"
     ]
    },
    "cef_WaiversAndReimbursementsOfFeesPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "WaiversAndReimbursementsOfFeesPercent",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Waivers and Reimbursements of Fees [Percent]"
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "cef_WarrantsOrRightsCalledAmount": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "WarrantsOrRightsCalledAmount",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Warrants or Rights, Called Amount"
       }
      }
     },
     "auth_ref": [
      "r112"
     ]
    },
    "cef_WarrantsOrRightsCalledPeriodDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "WarrantsOrRightsCalledPeriodDate",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Warrants or Rights, Called Period [Date]"
       }
      }
     },
     "auth_ref": [
      "r112"
     ]
    },
    "cef_WarrantsOrRightsCalledTitleTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "WarrantsOrRightsCalledTitleTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Warrants or Rights, Called Title"
       }
      }
     },
     "auth_ref": [
      "r112"
     ]
    },
    "cef_WarrantsOrRightsExercisePrice": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://xbrl.sec.gov/cef/2025",
     "localname": "WarrantsOrRightsExercisePrice",
     "presentation": [
      "http://xbrl.sec.gov/cef/role/N2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Warrants or Rights, Exercise Price"
       }
      }
     },
     "auth_ref": [
      "r112"
     ]
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(22))",
   "SubTopic": "10",
   "Topic": "210",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
  },
  "r1": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "505",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-3"
  },
  "r2": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "505",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-4"
  },
  "r3": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(19))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
  },
  "r4": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(20))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
  },
  "r5": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(28))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
  },
  "r6": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(13))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
  },
  "r7": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(16))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
  },
  "r8": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "a",
   "Publisher": "SEC"
  },
  "r9": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(27)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
  },
  "r10": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(28))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
  },
  "r11": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(29))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
  },
  "r12": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-1"
  },
  "r13": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(g)(1)(ii))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
  },
  "r14": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-2"
  },
  "r15": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-3"
  },
  "r16": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "60B",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-60B"
  },
  "r17": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1"
  },
  "r18": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "272",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482987/272-10-50-1"
  },
  "r19": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "272",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482987/272-10-50-3"
  },
  "r20": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "323",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481687/323-10-50-3"
  },
  "r21": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(4)(i))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
  },
  "r22": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(4)(iv))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
  },
  "r23": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
  },
  "r24": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(4)(i))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B"
  },
  "r25": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(4)(iv))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B"
  },
  "r26": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B"
  },
  "r27": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
  },
  "r28": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
  },
  "r29": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
  },
  "r30": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
  },
  "r31": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
  },
  "r32": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
  },
  "r33": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1D",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D"
  },
  "r34": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1D",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D"
  },
  "r35": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1D",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D"
  },
  "r36": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1E",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E"
  },
  "r37": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1E",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E"
  },
  "r38": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1E",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E"
  },
  "r39": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1F",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F"
  },
  "r40": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1F",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F"
  },
  "r41": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1F",
   "Subparagraph": "(b)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F"
  },
  "r42": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1F",
   "Subparagraph": "(b)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F"
  },
  "r43": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "480",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479887/480-10-S45-1"
  },
  "r44": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "480",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479887/480-10-S45-2"
  },
  "r45": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "480",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-1"
  },
  "r46": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "480",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-2"
  },
  "r47": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "480",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(01)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1"
  },
  "r48": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "480",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(04)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1"
  },
  "r49": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13"
  },
  "r50": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13"
  },
  "r51": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13"
  },
  "r52": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "14",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-14"
  },
  "r53": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-2"
  },
  "r54": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "28",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28"
  },
  "r55": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(i)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3"
  },
  "r56": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(i)(2)(i))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3"
  },
  "r57": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(i)(2)(ii))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3"
  },
  "r58": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(i)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3"
  },
  "r59": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-4"
  },
  "r60": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-2"
  },
  "r61": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "27",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-27"
  },
  "r62": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7"
  },
  "r63": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7"
  },
  "r64": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7"
  },
  "r65": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7"
  },
  "r66": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7"
  },
  "r67": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7"
  },
  "r68": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(g)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7"
  },
  "r69": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7"
  },
  "r70": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477796/946-210-45-4"
  },
  "r71": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(16)(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
  },
  "r72": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(19))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
  },
  "r73": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.6-05(4))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-2"
  },
  "r74": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478297/946-220-50-3"
  },
  "r75": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-09(4)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3"
  },
  "r76": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-1"
  },
  "r77": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2"
  },
  "r78": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2"
  },
  "r79": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2"
  },
  "r80": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2"
  },
  "r81": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
  },
  "r82": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "69B",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69B"
  },
  "r83": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "69C",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69C"
  },
  "r84": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "69E",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69E"
  },
  "r85": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "69F",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69F"
  },
  "r86": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "835",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482949/835-30-55-8"
  },
  "r87": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "830",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "12",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479168/946-830-55-12"
  },
  "r88": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12"
  },
  "r89": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r90": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 20-F",
   "Number": "249",
   "Section": "220",
   "Subsection": "f"
  },
  "r91": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 40-F",
   "Number": "249",
   "Section": "240",
   "Subsection": "f"
  },
  "r92": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form F-3"
  },
  "r93": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2"
  },
  "r94": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10"
  },
  "r95": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "a"
  },
  "r96": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "a",
   "Subparagraph": "1"
  },
  "r97": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "a",
   "Subparagraph": "2"
  },
  "r98": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "a",
   "Subparagraph": "3"
  },
  "r99": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "a",
   "Subparagraph": "4"
  },
  "r100": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "a",
   "Subparagraph": "5"
  },
  "r101": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "a",
   "Subparagraph": "6"
  },
  "r102": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "a",
   "Subparagraph": "Instruction 2"
  },
  "r103": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "b",
   "Subparagraph": "1"
  },
  "r104": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "b",
   "Subparagraph": "2"
  },
  "r105": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "c"
  },
  "r106": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "1",
   "Paragraph": "d"
  },
  "r107": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "2"
  },
  "r108": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "2",
   "Paragraph": "a"
  },
  "r109": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "2",
   "Paragraph": "b"
  },
  "r110": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "2",
   "Paragraph": "c"
  },
  "r111": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "2",
   "Paragraph": "e"
  },
  "r112": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "3"
  },
  "r113": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "5"
  },
  "r114": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "5",
   "Paragraph": "1"
  },
  "r115": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "5",
   "Paragraph": "2"
  },
  "r116": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "5",
   "Paragraph": "3"
  },
  "r117": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 10",
   "Subsection": "5",
   "Paragraph": "4"
  },
  "r118": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1"
  },
  "r119": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 1"
  },
  "r120": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 10",
   "Subparagraph": "a"
  },
  "r121": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 10",
   "Subparagraph": "a, g, h"
  },
  "r122": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 10",
   "Subparagraph": "f"
  },
  "r123": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 10",
   "Subparagraph": "g"
  },
  "r124": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 10",
   "Subparagraph": "i"
  },
  "r125": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 11"
  },
  "r126": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 4"
  },
  "r127": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 5"
  },
  "r128": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 6"
  },
  "r129": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 7",
   "Subparagraph": "a"
  },
  "r130": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 7",
   "Subparagraph": "b"
  },
  "r131": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 8"
  },
  "r132": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 3",
   "Subsection": "1",
   "Paragraph": "Instruction 9"
  },
  "r133": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4"
  },
  "r134": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "1",
   "Paragraph": "Instruction 2"
  },
  "r135": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "1",
   "Paragraph": "Instruction 3"
  },
  "r136": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "1",
   "Paragraph": "Instruction 8"
  },
  "r137": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "3"
  },
  "r138": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "3",
   "Paragraph": "2"
  },
  "r139": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "3",
   "Paragraph": "3",
   "Subparagraph": "Instruction 2"
  },
  "r140": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "3",
   "Paragraph": "5"
  },
  "r141": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "3",
   "Paragraph": "Instruction 1"
  },
  "r142": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "3",
   "Paragraph": "Instruction 4"
  },
  "r143": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 4",
   "Subsection": "3",
   "Paragraph": "Instruction 5"
  },
  "r144": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8"
  },
  "r145": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "2",
   "Paragraph": "b, d"
  },
  "r146": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "3",
   "Paragraph": "a"
  },
  "r147": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "3",
   "Paragraph": "b"
  },
  "r148": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "3",
   "Paragraph": "b",
   "Subparagraph": "1"
  },
  "r149": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "3",
   "Paragraph": "b",
   "Subparagraph": "2"
  },
  "r150": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "3",
   "Paragraph": "b",
   "Subparagraph": "3"
  },
  "r151": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "5",
   "Paragraph": "b"
  },
  "r152": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "5",
   "Paragraph": "b",
   "Subparagraph": "4"
  },
  "r153": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "5",
   "Paragraph": "b",
   "Subparagraph": "Instruction 2"
  },
  "r154": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "5",
   "Paragraph": "b",
   "Subparagraph": "Instruction 3"
  },
  "r155": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "5",
   "Paragraph": "b",
   "Subparagraph": "Instruction 4"
  },
  "r156": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "5",
   "Paragraph": "b",
   "Subparagraph": "Instructions 4, 5"
  },
  "r157": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "5",
   "Paragraph": "c"
  },
  "r158": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-2",
   "Section": "Item 8",
   "Subsection": "5",
   "Paragraph": "e"
  },
  "r159": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-3"
  },
  "r160": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-4"
  },
  "r161": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-6"
  },
  "r162": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form S-3"
  },
  "r163": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Investment Company Act",
   "Number": "270"
  },
  "r164": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Regulation S-T",
   "Number": "232",
   "Section": "313"
  },
  "r165": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "405"
  },
  "r166": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "413",
   "Subsection": "b"
  },
  "r167": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "462",
   "Subsection": "b"
  },
  "r168": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "462",
   "Subsection": "c"
  },
  "r169": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "462",
   "Subsection": "d"
  },
  "r170": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "462",
   "Subsection": "e"
  },
  "r171": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "486",
   "Subsection": "a"
  },
  "r172": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "486",
   "Subsection": "b"
  },
  "r173": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "7A",
   "Section": "B",
   "Subsection": "2"
  },
  "r174": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Section": "8",
   "Subsection": "c"
  },
  "r175": {
   "role": "http://www.xbrl.org/2003/role/recommendedDisclosureRef",
   "Topic": "272",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147483014/272-10-45-3"
  },
  "r176": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-1"
  },
  "r177": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-4"
  },
  "r178": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(d))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
  },
  "r179": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(f))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
  },
  "r180": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(g)(1)(i))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
  },
  "r181": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.12-04(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-3"
  },
  "r182": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "55",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-55"
  },
  "r183": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "405",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
  },
  "r184": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "405",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
  },
  "r185": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "405",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(e)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
  },
  "r186": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13"
  },
  "r187": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "835",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-2"
  },
  "r188": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "835",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482900/835-30-50-1"
  },
  "r189": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "942",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-2"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>20
<FILENAME>0001398344-25-012720-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001398344-25-012720-xbrl.zip
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M5>;1;R11[$B5\<Y%1G4YZL%JB%-A_S=N9&-[:'SP:OSZ8.]!Y:.F\\L>E**
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MA0Z)\$AQ!>S8V%4D0H,C5G_\*V%PSM@\=&Y^,H>;0ZSZQ3_FR/\ 4$L#!!0
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M>^C%W>ST^7V/$(]-P^KCO=3L3T"E1&>AK%'9CF>8;+,ZY2RS\BDMLT;W&4^
MG[:Z/G%^5*> <TCL1&M$ X):$T')];#;_>F#^P=,PT]NX0=,X'U"KK"8UW=7
M)?10QM^8Z<<2+^$"491"IN!I,TT#ITG^)X^>"DY[HZ;)_:>8D@I[6,B)5!MW
M2#$()\"U&J$@K@V@:G[Z?LQO$9V?,T2M="L% X!:Z7?)\L@ORP&22$C.%C-X
MRVAB1=HD'P#9)O=+P,>> :L2 9(SFHQRFJA1DJL].0<K9JM6"+"M093(GWE&
MSL9T"4(64[[ZRW&LJ5@VW<TZ(>"VA%#"?NX;MC+*);XA,($XYU@Z+'M6I2!P
M6V(H>;_PS9LOF%YKW:;K6ND@"-<Y7Z)]Z1MM3B5PY;A<V\%6RP:!M=KU$NI?
MGJ&JHA7+(4Q13N3D%BWL?;91(P3 C0&4F$^> G-S:;EUK;&Z_&6!WI/9519>
M,18VKH"HZ&EZ?6=!%6-ZMHIGB*9PS5$"Q9Y&7/-<2'$]0W(C.:8#OEY(II8#
M%7.L%H1+/L$9)H@/<8HE(GTA8*/Q26*"O\);Y=Q<-8SI-<0SR@A+UTT9_+4\
M#*#S_%K 3+_U7!(/-M[9EZT*N0!R6.6V(>F[(%ZKUL5F0V?'62<< M,ZWPU8
MSX7P$&*L;U9?H+D:B/U<SI@+8@>U & [1&&P>RZ&U3:$%"3LH"L$@T!;X;>!
MZ;G85;: "KR$S=J@4NE M4$C#+P- 1C.GHO<(2R84&LK7U]!#'@AK45#LT80
MG)L",)P]5[Q#X'BI"FP'O!6"05"M\-O ]%SIWK,URO6U3C%@5'(4N_1?1^70
MH#?%8A+AN18N[:LYJ[!VN2@N@SIFH$$K'/0-0>QN(STE\RM(\\VJ_ CD^TKA
M$=^/P0#W7/$]L.MT9<VF$Q[NNJMK1YZKPB$64L$0D/1I4E[9@\3]AL=C]$/(
MPB/",1GQ7$Z>_9>K LH] TWR 1!O<M\0]EPYGF7 4[7?OT!\#O(1I!WT0B#N
M$(8A[[G,W+\L>78]LF*W*87 W!:# >ZYWAPA3/0N]7*ZW:YF&1;%%1O@VB<I
MU$PW(("XZA*7/$44?T5.^TI?;0>0/E^AFBQ[KG9'C -.J?M,UJ@00CZ:_#>0
M/5?!(P[_Y<IO/80=KH\UB(< N-Y[@]=S;?M.OX)#]>VKL;Z)OU0?7"8A![4
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M=^9:O.)N.?WI[IY<Q.",QP!_]_9?J)E]@@[;B@2#U"J&GP4C()U:/P,.4!S
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M$$X(WCK6\1,1R8I\0*Y]P']F8SMP[ 2=BEJN$[SU"=>JCC,@7S%Q1&W3.A+
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MP8O&#-0A 2?7_ZVZMO7#J!$U8>]!6.E!$B!/U[")I7%_.1P?2P+0PG:<X23
MD]1<5_WE4U#/EPF<62%^>..S@;K#JW^J-5M/3 /V+=ICAP18RB[R1Q@<Y'R2
MFY+>?LVWA0E'=W[EFWK^,/I W=A.M$?CUF[\_<YTZ[R=^(TCLS\I<:#%;T@.
MJ)3K[G>\U(C0D-V7W3"4=I7<='11ND.=4<V/\\B[A!632A)@"HC-QZ41TTJW
MSF(BXFM$,30?TVM0SZ62MOSY[3/%4,3^UV8( [7>@A682V=V-5]Z_EIR^%85
MVZF;USD-=$2%5RT@#Y=)5Y1#5>@\?SWSOKX>A8_J&;;X,<AI8=H5:SDN7@)Y
M69\[G\ZA(8XW8)S^!F]FV>'MFZ39ZWZPQR!B\:8@EZLL<?=GIM.FJVUT5L->
MW(2VV"_0BX49]E82H+)1CBNX*N<,&+E30ASUR1F =-P-*1SIX ?<N^C#\^'9
MXQ4>%!*58OAYHZ<UJT(YTL3.]G*NG'=KI$AQS,-_<Z5$3!;,XLSDLIFK53BE
M62@_FRS^.L27[[M4+=&8(O??RJFU8P<XVI8))[2T'>S5F8K$2J1X>E<;Z&.=
M\^>D!&IMR@3NG-I[)=SMLE7W]<'DX]F,B+K;;0M8:;*8VQ2:\[%SUJAR&DWN
M3_?_/=(VE&&^%W_4U8KXJ\>9I>T8KY9 )'8BQ<-[PG 0Z_QMYE[6?9ORK+)3
M![5/=P=MZ?_ND05![K&=7%.SL$VAW. 4C5N?G2:2Y'?"WY?<5J<U2=X%1H%K
M)",12B;G!OY+>[E^L:U_O+?])U<U>1X7?3BBKI$;CPF(:XV[H(517 :'*0GS
M++Q4Z/Q.GZ;?<A _>Q'B=_V-YP+;-@E0L_ 6H<1\KN>?Y;PLYECRY=CJ?D#[
MQRU*HN'M4#1?U5(S \;V^R+XFA/QQH@#LXNER:Q9]<Z46+/L%4J AFHG[=XE
MMA/_X-=E6%AO?DG<P%V5/5DHRMT1ID,"Q)_GHKL6UT.;&9UDS_3?'W'K2G!\
M%AN(#U7:C69/?N+NJY)S?H5!3&Q%<^=D$1X[SUT_@M?)_G5R[SJ3R\]'10$N
MA,S[=S,9&$:3E&EOU,9-'6)'<##,S).R&H4D9#C$XL;[-+6QF[2[$O</.!:U
M&UGN'MH71IY=:&: 3L?H#&QI;K(2/@2:?D@'SD(RS@6(K:F.O\2U85?]4]=0
M[;82#)@I71;@C4X)C57ZP=2V(F ]PS!>O9EL-2+'\VTAQ[Q3QB)&;6I3(Z:J
MZJRFP@\,U -H=NG(HRV)?3V<!6]G9[%U.1%+4[[6Y6H](!6SRG*!7]FBB993
MR:25I4"(5JS:T3!'5'W O8</J0XUP[41+Z=@),V:/N%@CX8:E1TT>WC*FF;;
M$&:W"X-@@$WC1C$2@%H5A\B>;YWN2 Y=IKNST!2Q:SEO"L;:<%\._ETSTN2Q
M$VV">'&2*8F=9\ VG,>-3XNM>X2#JQ'OFV]!@)CP*&]%ORA;]$"\5Z&MOSOV
M:0)QZZ9GU2_%[.<-?N\Z-8QY+I_6$/E0,!+@T6]RH=+HD@"=8JD<5W0UQNP*
M%^S+\^P_Y&2+ZFNY->#CS^34_1$[&>>/=,^?0!3&( :R[S.!0;JFNM)6FM[N
ME-1AG')[(K6#&='VN,!#VW%K']'?GV=O%@_/:.>(J1J'UMN1Q^QE_C+-;@"9
M;64P L0V*=A=VS:RCR7[I,38,=B.#?G%\,3QRD+5.CX=U1YW?J4?WQ&XC[]Z
M<5E,?YK;M#;S41AMHYR?8$)WBPFKKKL.BS\@,/6\?N% DERU9JM0+S6B!AQ[
MCI\ZZU"'T&'6B9=#7;]MU5C*M?'>F+%T];M;W5"X=R[U*>#@N6'Q-HJAK_FW
MIG#K<_*T^07O%(ON0W&QEJ7#LIM391DRVB[N$O;6IYO=,TTB"OA<K<;.ZNLZ
M63[7W4=LQ*$NBRW"0F!HXRAZ+\.J$:*0TYT-J.<E0DU.2I"W_?QC*XFBT:27
MVT,,KOO<8C/!V@-T#5HK]549U\SS/[3E?-10$^5A4NV^4>NZ5+B4VVMB?G0'
M5RC_X] @J6<C*W)-H3523*Q#170$<G5IF^!E@PS7&7GU7,K:9E:610;8AP6\
MT0(XI#K+[KR?MJPPC<1OXFK(A6)<;_-PN7>I*TR\/\>MRL<FR$OZ&[#QIX#$
M4&#(@+[2CTU;'48\:^_*([,\W]JAW(\K!,ZCA;G8_Q[G#%_CO6+C\5T/4_\D
MJ70>H=Y^V"-HK0&8%=I/ J -=;F7]:H<EY! YVKBM0F)R"Z/@IG'NM$'?+(_
MGUNRZ#])YHW@>0$'PA:SV>'4*A*XJ!8#' N]C?37&ZJ!9]_?]S:S)NX%Z$9[
M=!F-U!&_1V S>U-LSEYYDP#.=B9"5O"YIOK]C> J=8C7N11Q 06K9.\(DJ31
M6?SB+5U;D^GEGQJ?CDA.*ZML;X)6866\3+\;,4IH1_9M?_^8'Q%>F;.'+%TB
M%Q?- [,,_%,RR2PL,1)BI,B\FVB,>/2/VM%R%->L?_!2IIEM"RG]EW*TX/[+
MM?,%8U969./0[$N91<N[]BQ1/@>[M]MV@QK"!E-8X&_NZ3&PWNUB.WV![EI:
MCX-Y>,2R3V?6%2C,%%CXZ!K9';QR._!5O> (.+Y<1SR\*^RI$O$W>BOD(J"W
MG9LO5L,5/,+=DET_)M6ZUGV6?4P"O!3@4Y:K*0GN.+\!80]=A/V:H]1T]8FS
M:(SPH3?5_:9HW4W))LRSP_T4UK /5M,MOLAF"N;!'H!1&Y!^$T)NM#<0O;F_
M1@(@QK:;F?%7T;!?) !]5[:_CF98ZVU&E8VW*/8GH$@+A3+LAB) K#XK$BTD
M+-<O[!LL:,\AQ%$DR 9'.'$Y1DI'94B:C^Y6Z<IN7O&:MGU4WG$CLZ^85N:[
MNM[T]ZI@SD7X19"#!P.$&M> P"%:$RJY5!#YA)3S6Y"ZRL1^,Q7C\$3.F1/S
M5:;[ APG]2(EMXPSS/KE?!WU/HMJ)J>6DV5<A<R_N:>&=\<EGM^'O!H#.<6\
M9$7O(8-+;;8E/=T0:JQ9%_L^9&>X0[=$N/7\Z-,\6S@04UQBR$M1R<P]'<+>
M 9.SK'?+HE].5S1_<%,0^RA];KZ7>W5.4+O\=S;%+$4M49A,/^JO^3Z:#0!K
M_#H76/'4./4<_]!6.5EL?=) '?W[.$_W"M&(DCV>:#G..2ZO7; FJA..-M$_
ME4,PPB9'/4B G!2?F9!HQX_O'4K3E/"0/_ITAJ]]G?FZSH%X?53S7<B%(26S
M98OEV@E)H7H+AY#K+$PI+#>6-"G_&-@.@V5A+8JPU5&($ E@LX\\*K4\TZMH
M[]!H7&'+\CB4:=4:9-0S]'.3[!;Y)]3_\^T<:3(I%<)ZFOR#B)UI,()@ Z)\
M>T4?=RL?GX8*1^XXDR$_HE.__PO69'2LU-=+&,C_!FNY10*LSC>JD56^;A<Q
MP=)LZE_3#?I XK'16(#'>09(K1/I3-:"\(>$7 B3=.\:%[3!OEY7S-1X=F+O
MP>^?1)$9RC?G%^Y?0/(WWX$P8N)^(5E48I9W;^IP7@(Y-CRPG=[4Q*C?O-.6
MS\.<^4#FO,.\61)M&[I"8 CF;D]5SZS)'8S!I@P5?WR\\4"9=HMVU;<$;1&-
MSER94$9VKW7]\<8TGXT$GY_!!^>"+Z%UL*LX./JY59!=D5S$$16_;&*)HC:;
MU\A]*-ZQ](YVW%[JF?U*.)YE>F#'V@5&5Y5H+ZL#LW.]Q_[QZ/1Y^H7>!8HV
MATQSLU]$$,YSV>-#YHVTAYB743[?M^*O?)$P"P?O"UPI0M"L&6KRNFY]MZ*+
MBY.(Z]DG! )Y#<.D;L-EB_I?D0"E?83/A R8"Y*:.'RF4QVAZ#Q]7._1,(0P
MI_L8YMGT>/E1#_#>47>WH:=M/WAP/P3B6@)1Q.AE+$LR@GOSMK L$<]J/RZ&
MSC+//>Z^Y<__R15[@@W&(9TQHTLWWZUP.TW,NTY&VLR(=H?\89AZZICN3A5]
M;)C?!&FV?WN6;11.EKZ4V^6-O=L%K7F)X,B]0'&R';B[SS$OA;$)?Z<D4.(?
M9^S%EY$SU1OT^I?#3@P=$\T;S[>*J7@1' *C:(GK6"'8=Z0>[<I@O]_UB?,U
MG%?"?\K/REK2'!5.T(66PEH>R9QZ2TY9M0^WB4;J/@S2$?^UF"15= =OP@%\
M[HJ9:&X0ROHL9%:R ]&#V>KEB(B7>'U' \E3-#-$#R.#",>+Y\RZ6G8,//&=
M6'2D+))B83/V>\G/L-9<])-<KN80H[H1V^5@OU:L7S[U[?DUW[,PG_=OH6GO
MCMF.Y/!7:98^Q(5#Z>;]^[.T9#R8;;4XX![]O)7B?XJ?G7<+VH_>!^^%@E^:
MRL].E"@,9/"R*-SAE.'Z+&#:-). S+='SRQ+MB(B@.7[$6L5*/&;PWECM_=>
M&1Y,JPI5'5>6?<DS\6R[@/B=SOSI,0W;'Y-SC_-G$(ER7,FYBG^#?FVU%J+X
M=NZX]"DM=W;=.TZ4L[(<H%L_.Q7_&&$EV4%P3_N<E%.C]&24^OA6Y%V_J'%H
M_A;\'Y #YOK7('8@3P*<%&;FS_Q![GD3R.A%*!W%M3/^<X_9.*.&,<U?:M!]
MOJ#;D# L$P3Z:<OQ)2QYMCM!VH$$\*[4@C^]._0I6!C;2)9"J;AX$L#N*_)+
M*0E O#2#KN]=UM^]ZNQ9:!5<I(\^3D^MBQGU=KM7+WB]MHO^)EKQ"X$",33^
M>*15(R=I)!(?UR>D;5(VDD_S<A6UW NF0RZFP]B:!9PF JL6R51D]R;D49QY
MLNJ;I]$%!_$<I?Y+O^,WK=<[X9-FRW$MXI>#O9Y6E*,J%3WKE\_5OJY=VR9L
M,L=;B^RU:,>N(5^Z*$;Y(\3_A/@G^ L9)JC?"#,SO*-*$T*["[Y7$:T)DM*>
MBRL.N,;6EF1+( $6@8/BT!A8BR14V=;%<PM)YQ.5DB%^72$V>H3G<_2=JP\8
MO]TNS:X&5XNM@*?]ECKR6\%Q4"ET:6:N]+G8'+8,OAAF;)&M'UQT(_JDPQM6
MQM @%TX"N'B$'S[:RPKJJGB-;"]OQRQ&'Z@\@P&"S(:7EZZ8,O?^WMZK.\!Q
M#M+$1"N=@A?LL:7DE P.CK0B)4"+>4"^4KP9A@\4=N8VK$O7MB34_$C)VK9^
M[[3ID=-O /%0)? *-!NU&->I' AFA5AA\A!2BCU!Q?-Z.L<4>6]HJB]>5'S>
MA,^,S'"\'YR$@\MEHI*4%/*!9$M-&8?X 64C 5H4B&+X)\,E/D$?*_<O;:+X
MM3@F_L1+\$D-OW\<K3F,3>TGO%7A(/,N*\AI]Y:X*77]Z)&.L\]7\;DWY=*O
MHCCL9B\):K1LU_!N8U6:E+KN9G*Y)(F?573_+J_W_Z$P7CTE@*E8,=L!8D"+
MF:$^"%NK2?_0AU6]L[9.Y8UAM"0 4M ]\E?@)P[)^_)KC=SM?#?&&DT*97.+
MYGM_@!L-'IY<36^X[5GLG#C[7IU3*=UA]1 \]*1,$-/XYD8/=TAQ]#T.OF^1
M^(>$8B+'-/XZX5NCW5*_RE6/7*'?<Q::T;?4[MTNC"+^WA<!S1;V>AYT:+46
MGJ2 ;WA95\O+%WZV^N-ALCYTI(^[N8#/D(TC 9Z=+Q!878\/D/SD<DB#'7A/
M@PBA^[ C P3J-^8P[@2>0-#W$B!#X/1G5J18F\I[L0&B"*Q['QU.[/Q* ASU
M%)IE_:.J*W'&@X5/I;@6+A^#4Y59_K+](>19D[$3R*> UR;4>^QZ,+\,?8J9
M=LYEU'QO6WR9(=A '3IHMDP"1!L1V5"[HP&>@8^>;A*5;1Y4>'W417_5VL13
M<1&^(6 R->+<;KU$S?[5DS5$/U+N] .9@BF.WOV/=0"38_J',UH_ZYJ;:F-'
M!J9E4YW7GA5PB?1*7?T%N*!5Q(99Q[.N+"=UA1 O3?J_[%R<F</EH5M$-6^M
M33#Q/;T[6?$PO\R4_[ADP]!GJS-URVM9[+:RJ$G*(P@!<XX]P2QT2K++O5=A
M#D9J#:]]F9[1SW^T,!T8K^1N>''C\_'3VM?W!8.'P1J$4!+ B01@LY0H^(%+
MIK]U\.*0B]<*7!L4C;UB;W$1M@BV-JN$M=QIIMD\DVO;1D2D3 P/%F]?U7'.
M[]M.]'#E9GW3_&'5C.J,G[<_N,>V'^+P.M'[SK"II>SXC..'L!9];NJ/';HU
MXH9Z/1+A:^HIL62E+CF9:%I>AZF?]Z_Y%7>C2VY:HO^X^5*G0/J?16B#FIT6
MR!M;@0G%MF#<R\ZU<(:@"[B! T;*;6'M^-O9YIAJPQ#C5P6WIF:+I5HN(C65
M-)?ZI3JFZ8E1Q5-J/S;]ABK992M*5^-I6ZA@MG.N&%=KG-,"#=)5T8.&D\OI
M"'G54I,J[B3S6JK<1[@7]W>5XVH&[[*$S_E4.8F;V8<UWG8Q'UY=L>?R<J<O
MF2_Z38#;8^?)J/^J\E-L&883E>P<Y('PD@ ??$@ 6L>/I=Z,N\!=8!4AX^EI
M,WC*U_%-9J;]$?$XN R<"42;,9[F@DZND0 S"D?EDYW^/S2TM\$]F7JN]XU:
M!I[Z!KIM1:G($NJ4+*%\$&6T<%M[2OL"JT\&RX"-CF$LL](G?<'+?^RCZ4LD
M+OD*NJF.\?FB=\]9B*-PID^N*OR8]Z:HPU !JZUY_MJ 3YF^RS+>X&_R'%UL
M>R#TD_T04Q46G/8\J*&:'N$?OVK^(O[.D$7G'S9V9;EZJ<1.C<$'^E-5XV9L
M/$):1FT=3L=N[F3C_L:@I9=;3\;S7F )BZ\6M 2>$/AG85?\G,TE&54?6_"C
M]WM%H5B_]W1L$NB<ZBYA2EE!@*^SF00@)(-<Z-FQR6B'E&J,Q-=E99"+2Z I
M8=X(V"#H6*0Q*:^L2L7W5:5@!4CKK**";LY?VO7MESS*T+A84QNBVB;*J[JC
M2<7<S<\\@KP)<^S7,22DP-Q<8?2SUO)57 VX-^A/@-J:Y ?QCS7M$J\T3YY-
M1+3=S95=3GI<M#G.6:546LF2Z)VWB]#<)OB P&3?>WJX^1 IUQAP_ABO,X)T
M/_>@FO:OQP+IY**D9RZ.7NBTOZ,E2#$JY!7"VW""&.'"?\:1"4+T=@4)4+:@
M10(,5Q_OO/@4O2XC!/,AAH>G&6?(&[UVL]7Q^'J&4F<UBPT*I\!L2;+KHD/;
M-Q>E[F "JH%3G7/QX+[Y)CI\=LR</Z(7-*W7A?U4A9:)PC]S4V^\YR/2@9Q>
MK_0^!R=)]-%&O-HY#,2@II'/_Q4ACKTWC4_*UD]2;)H>#^2[YJ:6^;[PL.I%
M>2#(&() "^@1"B54.)WCT!W'JHNMA\&?K*PMLMP/K?I^Q8<&$^9<CT87;]M*
MA"_1A%WM"K-?QKR"5>JV"8"^-M5_/M7G#O2T-2,!J';)VD 7G4+P(R=OI,YU
M4R$:*C!MG*1B7#Q?X$+0?3,K5YY].?W +W*XZ5H&DX&ZO\=N/N;A]I+<SOIR
MAIG^YY9"FRSGY 0Q-X> -'L%^/XM#[N]K,:MUSXOO_/.E&V9_"AX:")4;J9B
M1RB%+7Z;KD)^W,,SHE/_/)<]2+,:9%+G2-9Z21\6.\FD0;'2UR)(F'UV]Q!V
MA=A) E36= 09HV2" ]<?)Z^O&RW;N"^Y<_"],7@4C=0 G)MIDB^^!<>9CZMH
MGT:UZ[X<EU@>RM'1O7?_@0/[DX9,:^:3>&VWHWM7QRC!>57[9NUJ%))VX9'U
M<U4E@^EM=OE?NK;EORHJ)_AJ 5-&_8.P^828)(B:$*$KHE'4A=+V80WBQV2Q
M_7U&[N7'88P2WQ_\ZO6,!#G'S32T-PN&_YI>:(.QVOB[<\^)DP!5TK5<][FF
M=U]<CZ\1W0UAY#1D$#LZ,T_PG[_/[!#38JK!>87QJ3KT#G0&>;$8>@D"'?<N
MN<%:-2PC+S!>+/[IF2K/AZ1LRI\6 I\HIGPC492FR;+EV)_6O;V:6]%>ETU^
ML@)_IOWQG=N")^Y@G0CO<#X_K%T6&!OO!ON)Z?MYY4[W2Y>,SV49]D%S$FWH
MWRQ<1JZFX$#$7Q.PL^MB!8C4Y)VSVIV0?Z?WV_TG[[?S?^K]I-KGA4:5N)<(
M:M83B.>C1T6TELMK6_8?8E@=X+!OJYG4%B-5.KI>.I5CKR0$&LH:/DCP9]Z<
M3=#X=>^GP _^4/!G8 U\UZH 8HO)/0F1AE<Z-S,.N<]?>I;TY W81J.O1/#M
M =OCZT_/RU;?ED%_DP UG0UH;JWP5N+UGXD=?,PQ$34F*6[C'Y62HFNN?%VW
MM^>4Y_>TB1(MWK@5M;S[A^A(.?!#DVE39\D&0@+T]A'<$9_)$B*'R# L@YRJ
M,)S8+UE6:([R<;N9X17].$]K1)0)N/?95]#[M^@6M6,-GHUF$3<*'1%7>H+B
ME@N.VV$^_4K<@\PA<5BQ%<GI!>S(.-)9S37;?+/K 3KX\SS$U^/FZ=X+P#O!
M=DCCA=>A\H()5M$<MQFNFT6G6QO:]TE=$6O3NZRMI]TC#BL"RIAM@?$LA6L6
M4&I<JG!\JGRC^LT.X>M>;A3R1XA>;<)W0CB491;/3\@X$@<9O"OQ"398,&OZ
M@'+5%/SN*T;9;<?UB%:9]D93\;*+O ][@^.[>*//91*N#DBI!:>L2%SB_F R
M<C%GVFL!VAM8W)MNL27K54UC+YR"7V4[I0<WPGE5>#0Q?DLT44K\2TK]ABTK
M[W(XC3.@_N8D0,.-[W@Q=*+1J'NEF_:^?G--P@AVQ"PD*,#,M>-&0G&Q(I,J
M59#9Y&K5U6P1'ST2( !=1Y M>IBO47("P@EOQ^&O>K5/U"_L-&1OHOL0GME@
M6TM]CJWH4>D5D,D7K^.CE2UMO!;A"\P%R 3MFQ>K:QXM&34=EJ$V'O..2,_J
M8U?D!=+8E^HQT%[_R(_6G+>$X=D$EI0[/Z'D+,$1)9+&7@ZWE^._+ :C6'8%
MTE]$'FV(]76].!X/T$MW3VO.=$2DK/G[A4??TDGJL (+;"!B,V_5H#5;X-RN
M*7HLBLHW_J#D3],[?T<-<KZ\15.':*D_2\16$VJ/P=.W.I3DLC='_(-:AOMN
M^@M]DNG81MQZ(=9:F/GP2O1;+7F.4_>F1L0E)1G9+:>IPZE.V4R)8A-A'[[F
M_X#3F_PGIS?UXO_1Z355$"^Y+J>Y 5>:*W*L%33.FJ-N6"6_8D^^+Q#\UN]4
MB4R6;\TBB"CX@1>8!;0C)7?(ML['A'$O601=W6R^/H0 ZH\?;28'N7Y!:\MC
ME9@"J/AH!;D(-)/G$*[\>;$#T#TL"6#:58_(@:\-;G!%XAR7$'@VM9:3,^5B
M%7DTMB!G^_*7U!7M& EQAV?WG]$5E<(:PCJAF&WKP2X@[I9,# D0+NF-"%.0
MS78N&.!B+MG:Y*+S'(48B*FL=?'7<2PF*8NM7K.)]%I=)0$$]H12GXW=/QT]
MV#X!DCF1*%"!T=\UPEP\ZS3)G)-8JIP/YV^\AGFP@G::A+)I8N4KDL^Q<)P7
MCU@=RD3K,0GP@BTC;C6O,3!@M3Y3*R_^3ZJ&Q('BM9?/WV@)%]QL'B+3'!@B
M#&^'7_.1Y+56)0%8%AAFI)FT>]ML^G)?YQ.^1'\]FF^N.L;%6LO2=S1E>[1V
MM2T%E)GC>L3_P#K7MTQ8#<!P8-X'* 5>LSQ%%_=A.4H+]0I[ECMF*)E]NX]Q
M2^SD ,E# GB0 .]'(?<(63)%DXL'1W$LB473CXL^2*R?;&>FO6_X$J<)MCR[
MG9P58Z%Z#(X_."7<UW[_LA[4MPE:_-(L4$&^3N?[)>ZYYCGCE8I%W*^[N%=9
MU&2']ZO9\47'64@XB!Z7:(2&(O.W V564Z%%^0,ILB@#>^\WHMU*:&AXZ! &
MG$T"D'UX(=^UAN%7NXW!2[OZ>A,FLH,!.1J)T]V_@@G%6YN)>'X5*12O@M03
M-LLJ-DOM,YXZ63N-).&'117-&54JNXC.N)G##MGY6X0"O"W6/:'%#AL,ZM,8
M6(]E9:'< P:2 +]<-_5C@&CCC%L>C+:;"_32NJH^SI_;4YM_QG?Q-L/^Y'B*
MW?4]FJND[*'A &7XH6JX,G8[_LP.>OIX"NC<'I%=BY_\\R5S-4'7UB2D0,.]
MQ,3M]L<!SZ.B46.GAFW?P;Q_='!XL@T)<2,!>D;)9@3+V$1681I(L-C  &@>
MJG.L_"2.,+K62H;)E3.F?UR&MXWXAWWRJGP,!+[:YPH1&X<Z'6F+9)7+_GT;
MP"W08C[H\CHZO[,!S-%"P>48L<O4F"U(]\-88ROH2N<- =3:D<Q)S0X<D[JP
MDO*+!&!TG0_L*;)JK>8J#N!.V.)GZZ',PT305$0BR>J2;A3I!/Z0&O<!P2F^
M[X7-D#U. ;VL?^HK=Y[#4@RJ[VH6.Z1<#.\$<Q+;2 ".8V4!VU%AV8L&;B4;
MT9.'K,!D?_V'OWB*@B<,-314@>K4A._OC5.ZZ!N'#XZ!V)<R$RGH+0\R>!!]
MA/BL6K+G( &N-0IC$MONNC8S3[@=NU[[%6__2L<=-]#S%-_=-A3G^4FUM+49
M:N#IFU"ADGK/2-O 3U6=S<ADO-A;7('L6 T;0_7+:M0$47*&Q9Z=V04OGP/X
MUG*RYMA609>0S@NT>'<,"1"A='_IDM#8KK>8_RK<M'/RIJ^O31EEK\@T%$JQ
MPLF#0I@,L.2=OBSN6S)D$^BG\68[19( U,[.<1]5N,4HL)ZND*<GXLV\"]\L
M"?R(*.3BCP5Z88QF"^%J1_(GSCST.(:=6E/4[34;)_(2"S,NT>;TU=C=IQYG
M]67K+W_ZW/%A#8:N?=V%E57*HJ&]) "#*8K/8F0\%M1L$44"K'04316MP'$W
M'3MF@&P0=@\JW3=%)?XN =J_]@][7&^'J7MN4384'+6>19YS_>QH&47(]S8H
MO/81,&/4,]@)08J"7#?=!,F5]FZJY*?!/1>N6[.[UE=O3M+V[/FRKH]25D%S
M<''MEG[OO>G5+,?W5GZ.[/ '1:5]U;LF/^:02.3=QEB9X&*$R5J^>:%C[_+-
MHN4HYV\:' YO]:(NPSVYOJDL-RGEI7EEZ$7>/O!*C7^:KU^4@&><J1?):KRZ
M$8)4 BV6 @^U87MD_5CM<P;\%Q[Q^ WRI)8L46[Z3W6=Q^BGK,65P!PJZ*#]
M0/J89E_8<ZO0].!=I)P^ML*V"OS7\I"4RGUS_^RE(+Q"4[WY\3YC8\)TFP >
M=>W-_>#>S ;>J<<[EP,QV-PWRYN_DP(Z;0;Z>,TGVEH]R0/!CW3]ODJ<#QPN
M%U^CM])VN+M:\Q4;9.BYWR!S-E>ZG<S'.>Q1%6RZ)\8KV\E>6U?WM3K'X(?0
M%_@#:J@Z7M0*,9V(_5,U,7))I<.G-,/EJ1E!-Z.!)@8\>BN^4[^(T?*H//?W
MEDF0"'(;K=2X=%AH;-:^BD2T$T*S(L5:5=Z+'1@M.^)SR@>)7<'")(#&#&K;
M!JH->4("?$ZV( $F]W-(@(V90.P!(C8?!]Z $+WP"N 5<,'?]NMC,,#L'W=6
ML#80Y[^V+LG&)A!]0HB1)0'.M/QL<(PGA=#\KU]A=6-'BG$X80]\JL=[Y';3
M"3&I%ZR%ZH>C]19.I1<NP5!!^P2QY.;$8@QLGTT9O.860@+XY!+93JDAY"NB
M-G.F^06_(C*8 -%B=I>?PUJE>QV)GZ&F?0[W=^?0(QX1R IPA-O.XKE&=@[K
MA/BGFVLW>4[3@O8.4I_>1<GOFX2DYG]\GXD2!NJ.MXY%^Y6UD[-WYWM-%-;U
MZS=:P42;^@!L>@+1FM]Q:/<2[GES+6( AA/RZZ2C5]"_"I%#UNH$I4V%E>05
M52N=3+)X<Q+%"ZX"[O/?)W(1.$JD:+4Y"@Y]_,[[RG_'%[S/6QFVVKN,[R-7
M^<]>=ZB _S49X*9K[I,1\O1%D;:ZLL6'?"*4Q!^S&C\A/W3-T?[M-Q]!U/+"
M;ADF=G#%L8O@:CJ2IY-Q53]&ND1EB<'4*>NVY8.@HL<'=T!S-^K+(]W-,WW*
MP6@&I;UBN_>O@WH0;4;'YTMF^ 02@(:<.BXR_3X2\I'IA9!%3P)XD00XIR0/
MX,;[TKQ&9\B3DVST-T0,:+$0?N!ART?VVWD+)("6Q/9./6Z4>+F 7/O'2_OG
M7.2)X"AAK^$U<-^8H*]XCP3P*M@ HK61Y)0SD7]DU).<\^2D?\HY5=%?.<<P
M$F+D@&=:SN 7HUTD0)/Q,9\5<5U_Z)0.VT((W56Y#]9:7J 9=,O"=?]@?SI[
MH7HZ]B+%<PI1?A[W%AH 3_#2:1V&<5&X'?1!SJAM.8[6I=[Z]7&#JV_"5'AA
M7YT&4 ,Q?UDLGR[5M*U#M=0!63+PQ-9 C4W80,5"96$5IB0SX2^\!(HF"EIW
MT7S 2Q9NQPB\8K&85NS,)Q3<K=*LXS?;OSN\<ZFGO$:86">),\E1CV%C?I@5
M36WPEB;7KU?)]\1Y>YL$ !S:MPWK+Q3Y;'J,PZFA/>3R+% 2*MHDWL%]XX<;
M5+_('&S[69LL[\ 35NMYT"#:0IM3JBEXA&C:R&J\HG$C[R;DF/.H]I7X;4'E
M#*$7?RTX6G<]-6N'5]?L",AUV&BO=X$95\) K(\;JNB%)C52WU%&"-B_+5]\
M%O+ G4%U8+]ZHS22;<LNK] H,'TR6EG)1$ZO<(@(@]@LPIC]:8S=%-M3^;Y_
M!XL*=(^)9UY[Q</2\'96N5/=<%B:WJA]^KTOETJ:7^&"UHGXJV?.N1Y9/P2/
M$1NW@IS</PD."W8S/.S^'A8<D%-345,YMZK*HUA_ZL0.LC8;NHV9L0P\(ZL.
ME1?HHX#*HOQ\/' (WX(S("?W"',;1*=DMSS(N6GXM_RRMZ&G:;N;<9B6>)5V
M]3,#Y055XP&OD,E.L1;0TB>B%%DWR*%( #0K:I? UG5EOM'*31CV:R]3,RS=
MGG6Z)J^Y'BA&QM[]9AX<?"F\A==#!V,;$?!M2\H_,NC++L)^<I>YNOKI8B!+
M-&CQ9O./K,@#5Q.?+86$N<SQRW?;1F)$=D(B18IU![O_NC?M!:YH>3".J#0A
M#:/8MHQ-"2CL%6\:N[::\T/_2GYM$;("M*.U#&?SWS8<41'PES(?JN3NO[$L
M7R6Z..E6^B9,V(BPJ+J(UE!=1&V+L^W"7":PMCV"E57'=8M_W5U)J"BY.3>W
MFUMU"OR(Y $Y['^$7_#1R1D_THE1>Q1=H5ZZ.2Q='<=!%'X&\O;$2\;BNCD1
MW(B-P,+2%(<$&BMYMI99CD??0K?3S6R4]EQDTR4(;F=280C&5L,FA62;$M@X
M,!IX 6D/_D@"\%3IP"HV3OB Z'.F4=?48GK6Z\KV1J&B70\: Y.VP:5PFF:6
M#1 5A"(/I]-6=L]\6E12NO;0_04(:D%+>;L+#0#(7VBP%.OK6"E\?I0<X:T,
MN6:C<R$MK#S8W$"=;2WSA]EGZ BH8B#\7!.ODM)VEDT(?_HN^LR],#X\Z'X9
MBL==@^?>JH,?U05EV\A:/>/5?)J7T5M&,>:UNC92Z.T5X$X=!KCH@\?@PMMJ
M[CG')T\5FU_/'% '=JR)G*K$59Z;)9H=*9O8C^QD^7A7O./54[NM30M*"N:1
MJA.9?MUP7+,QF%S0AOZ,T,M-245NQ75)3NUCA7#O,#7654%S-P];B:Q7N-;-
MQY[=O:;'P*_1]KC=F]^-=]"^YER5V 6]7X%#+M.!+T 4)H30264A\ZU6_G3%
M/SYI1)\C/U:(W57NN8D$BY0ZIJ&PZ5C3JA*"C\*$9CC6MK\F:/X,/#J$[_AK
MC=UQ, +(0 (X94A:8"1#9=S8M6-_;\DU-+PM=NGGO'SI1.;,ASQ2RV7W.HRQ
MB::.1>];VVCTIU2K:\9$LB)7%1_^XVV?@4(!"QV,I[S$ORD11/PJHST![SB
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M.+V>6MUL0=%TG&Y"2 0(TZD=O'%D2*>[[_W)7NR@67(JX$U.9\GL256*J]?
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M*.+:[9ZP2YJ9R)B,%Y>4B\H2"%P"Y#Z M(_M9VXH[H=XCUT2_YA-DC$=E-,
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M(XP:V*,2V^C6M9A#LIDK['AEU/,\QJ7O4DD!I^V[8Y2$B%L/V)*HBQVBU'=
MIE1(CEV9S6"!AAZQZ(22,:(NHE*@Q@QS:!?W<("DM/&@(KIRQEC,RJH[>Y[-
M! 02#B1AD% #<SY'H";WF(\!P/*YEE^DDMM1#[-6[[10H]7I#/NUQFWWTT>C
M8.C?_5JSJ7^_,7X=])Z.Y4SYZ<(?931B?$QXSF*VC3U!0#;A-T,[_XHY"(-
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M01(6:P4&@M^3'>/QV7%*B6S:&6<".<&5XM=-V7)W7&%CV^W,"5_ &YF\\^#
M2G1DN>\^W):M)@TKOAA_V#0T9H4^3=\$'E=L,V&/^LP*!QR^?HM?XSN91"KK
M6VV+M</!AR\"4[2,@6Z;HXB'^9>!%RS3GH0>/@P\U#2'[D.6W)1AUF3+Z-$S
MJ6(J>X \R63E)";AG_>V:FOLY/U;_F_L?8_9LH3O)]BO@?KXX>#,T&VFVXD&
M+/= :O'?/AS8[,E^2XS[%MYZRX=\_S^)A'2A,DTYENK,?B?5Y!X[EIZ4IW=2
M]9Q^N$]ECN[/*A=_9<X1)"F1F/&U;/$>UG;O6].]LZ;9!\F5W)<6>#M_=,^
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MF]I3R8M3"2)D7BI!U*V/2G*)=-JEDC38=7LJ>5DJ$0B9ETH0=>NDDE2)4PF
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ME%15=+F H50O2Z:OR3I U.HRV'><OFUHFC'$ 9O&4Z2S_EP,?&VZS3-\H][
MH->PC.@\BCM5927K8R7?3*\ACR(;"%?,!JN;1\'_CDZF6)7(GF O)-MW\#1V
M;VTAO1,-4P9,!*\50GBM0%E^_>#C-*M?:HC2M_'!FR:3'Q)-!ML, /0)H+$)
MYQS<SYPKY,N#E;(=IHG-S'%#5=/@$8??X,N8+"E,DT>,^ S)5]4'Q@ &DBUX
M2]5A+$V5 :DX$HHH*9?.2Y3"-UX3Z$LFE@[1S9I)O0M^31^FW[V)2P:\BP-@
MNJ?[2,R!"Z9MH>^6FG;R^D/9$P@30F!V&5!R9 !?\[5YYJ[842BF,'XZI72^
M5K+-B\PZ&#]8GQ -X/2<MQ51UDH/:7$^.%0(_\J"1(5"8CD*B>0_ 3XRG9GD
M'(<'!T0+L7(R@X0J2WW,!/:4'=E-PD/"8K8121- @^FCW+NPXZ'%VHG$C0D*
MF3FJ=YG6OM#D3@0M'%W^:N9*>D%=0Y9ZUHW 88>%<8#^:/R?SH9]E"RV(^XH
MM.(]/.C#C&U50WIP2YN]$N8 "%S@%3*'[$VHS(N!4)M=^KB%3PXL=P#*!4$"
M<[!HR:-==AZN1Q\'C8_K2-W,!L*F$<!M6L=8.P%&DY 129XQ7A#_#)%*I_B%
M<P9+F+^.'\-#OH/:"'S1TF1T=>/QZ7MFDA+3V</FFUC4Z3L[)3HUX647!&\D
MEP!@MF8T38[:_1_9HW*]W)XOU6!&F@R$=)\%\[53IXTTV7=<'"2\B%Q=,14F
MR XYMF7T(O1-%6@T!KA^<[R>57H5&OZ*C/&*C>4J-/SZ>BK$0"!E_=E4_LG"
M"'SO[<GDYUD^X'-B^EN7Z><,>-2D6_V0$DNM:,[XYRZCY]HWA4YEONRN&3DC
M'RJM0V&<F2TPRQ[^'\(@8 _P47R4YA=$8G"I=-AZP]U+XV+(2]IW,_:WD>?:
M?LZ)%)U[;EJ2FW*"FP!FEUC1VPDG\8W)'E6P;+B6$<U0UUI+;5W44Y:\%L,K
MD&+P+)CS\E0#Y?A_@MK&?WWJAL(LV&ULWPIJAPZ('?/@MKG"*V#01J(ISW^B
M])?_2O\)5U[^FUP+8]+?F:);S:3JV&7N6$K@9W\LU9]/4;! G9ZB5SVTNX74
ME]3W]-U:W(O%Y_0JA&XA&G=4:TZ?SVO 1-@Z]T6AL VUNYKA=A?7=C&I8=(>
MBS(M=<H"=8XL)IL:=E'T."CB-0037[!X:8L 5K6.I3T_;8Z?SIQ3Q*@/FH <
M'5%V1NW'D&*G:&.?C?P_54W_6_Y96 <_!?* HJ!;BI^FF*J3YJC+.*WY&$<:
M9YS8GG%V@G'<]-"GKMI4;0OC14 ?2C3#5*W?%>LR>]J\T-;!,,$JI#&H7H!1
ME#VC3&&4Y<V>,[*KF-SJDB>*?!L^PPL4VE97-H$ZX.W?,"[NA%<[LS>_EN3_
M@@AKW+HAP3,-G4P5G2Z(CHYPW'P>#B\_&@]?GLFD72C"D4OY(QQ38'N^P0/\
M[[TO\0$2, (53DB'+?X!Q@U;HJL&D2#("U^4U), T[MP2(?XC(AM>H_&?(\Z
M,<XW+\^\?PZ5EP25.YG;Y^R1:4;?UX"""#WRS!NT!O^H^>OBQV\+5Z)..?-R
M:3^U3X=QWA/0&4WR#>=2;C3UPY)TA:(07=F2F 8G%#?:FG1,86-_^%W&0[7I
MS*#X9G!&(\:)13/.G@LVR 5.")O?BBMKKH"/I/O+JQ\_'@JR\?246P?=!^+8
MXU#-2^G.^T*P3Q'ZY#&;RAC$!#WY 8-L#+OYPWI-!OHAZ"*64,(L<2J0IIC)
MMA+9V'/'Q)[:7T#F^_,C_A[ %-AI)%JO:7[^4K@RU/2/_L,:])IL5.9& +*9
MM!I,=7'?D@Y_N3_Z76L1T>*PJ#2ESOC"X'MBW2"Q9@,%<=]@A5]T8ZC7F6P9
M.E/XE5T1G88J%]5J_6/ZZ'?Z(-@A$6O\$NI3HJLJL,?'$DR54?&F""#$W*1X
M#7:9%52&H"0(%LD!1N+02(<RGOEM%3]JCH3%G(I._ML3U 8)*MAUI0(B!.\Z
M_V@:0[LK3J3H8_]'+_-%KO]=*CPN;=N%'?LAE=6A ,ZK 3B#2'P43\T-(=1T
MIIG(A)-JX.X*+VDUMZ??-=+O.*8=I0XSF*4(Q&)_%-#,, K:'(D ?0]+W53N
M83.]+F-^*T8WZ P<@")'?K@GM'7PW(0G+0I$":4/Z3F&EHPV<I,!D9XP"@LZ
M)(9<,1T'"$O66RH<IW*K90PP'[>#[CM=D4V%TG8P,5D)S9(H'LIO#C-O#D\C
M<B7V)+?1&!(IC #S&6M?FZ=*RW,T3K>3OI2Z%Q]+VD>UO!:!6?!KC9'@S2LN
M"3<>BQSZJP),GY7_K/,+'=0:FE*4KY_.2( :AM0O]6#M760!V%FD'7_66K@X
MG5HVDL'F)W1GTC%2EF"B=])761O@UZNH*O%591V%MV"=D5X3@HU\ZW%6\D["
M;@7'4MF4FVKK';5%Y*NM&;B&3*"VQ'D+OTGX,;P;U2Z-3Q7IMO*Q6F_<EFL-
MZ5/EMG+Z72I?56KG=:GQJ5IWOVU4KVM2O5%N5.#+AH2_W)U]DL[A@]CU+?U;
ME\IUZ:K\73JM2+7*6:5>+]]^EQK7TGGE$CZM-NI2Y>*B<M:H?JW0"])=K5&]
ME,: J'\J7UY*%]7+BE26+NYNX>M;#A+-_.U3%>:MWU3.JA?5,WCT.P>K'FM\
M*C>F LU'QO$JY8L&C'I:.;N^JOB@JM:D\MG9]>UYN796D;Y5&Y_P#AH:I@2G
MA71]0=#Z[Z4Y:^"G5%@#^T KBOE7% K#Q,3^_<1M')\E_/:;.$Y?K7V4;NYN
MZW>X>;#;]7+UW($ZAE#'"2GG%5CQ5;562?+#92JS9_<U8NNO$7N'3<X-\Q@.
M @58$62\OQ^#*HK#;K#("V\Y-$=8:&WU0? .+(R1H"Y%&A*SJ8E(K">/T$?,
MM6<E*<W3QDK"EW%$"[0+/'! 0_,Y,%"ST@**W7B@U+V.+C;;=72X C?\FI0:
MSZ_524A"'2X<2IQ*M<7S,2SU;:FD$?I?;0Y&DV_";N.)^A-^MT"MY;5M6*_"
M:V?I73AI+3A<'7! 3^VI-AS2R==4DNV17/AT];O3SR [4)" G+FYK#1(SJ!<
M.I?<J_2<&P1?S[I#ZZW5'A@+9@N&[:=21[ETJ9A(WZ?2R9_]SH$D:Z <NMIU
ME^$E?S!U,==_<E7H7"K5?T(U][7O1#/HO:)G%-8R.)\?<ST4-$=V<')S6[FL
MPD&"A_MIN5Z1;FZO\3ANW-6WJ5GCRN[C2.?C8 ?@_U)=W$V[!<M;6;OU;>MU
MN+E62!R;:/N?,IVU57(C.+7\&VE#BR+%PC/IQHENO3A,WV03+=+U$_F^U<BN
MM1H)SO1S8-EJ>S3?+0F4PQ,3.3SX05RD[#AY/4,V_LG <CX _4Q\9@Q,)]6'
M)Q_JAIZ G6:F16&ZN.1+OH!EP6Z3$NOK72"2*)(QU,L1$K=3=)]'#OT/&\V?
M(HU0M;AVRA[P7^%^E.A.\ZZA*1BY%BT3NL#\DH;Q;^1V4$1-#@'N3]QY"#14
M YTYHUC'D/F#8B,Q38^!=,#C>3T*J(O -7*J.\<W1@8(*=IQNI$[T$0)O<T2
M-N<VT*]ELIB3B@FS +(16STT1USIV?2DI].@AF^J,0#-73:E1W1;N:TP N_[
M.F& QC]H6BU3)<\7O^B9,.RD(\0F9D^2C>,!(XPRIWV&;",!M82Q@AU P(RP
M1':/Q<BA!Z@/+A>@Z(.9A[1&CPK#T#60#C&%,QZ3'?KW?55WWW26E92^&P.
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M'R[)FJ.0"6P3,(QAB&'7<*6+LVU,<49\ Z\V?Z+(LHT8"%1+10XQ&4#0)VJ
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MBJDBO315E)*%U"NBBO,(&;%6HC@UVJ=??W\N]?75BXG5TT1F!>=&<5LEQ=C
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M2)=(KXOBLLPN*NAVBV[&U2[KVV)1+K*B1U_C15QN.G^#)3_Y=:7R;ROY97Y
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M8$NU<"9 W%:PD5&Q:?;,SPT0L=_7,,VT $_J2[AG41K@E;3!*3R=]T[<5EW
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MH>L%_@CODI]F%]UI,S 7+XKZ?.#A-T^^ZW[TZ&\W(,(_O9TMBETG<X(0 +
MKEIT>];HP4)$ ,Z'&_])>%*CT[[;HEV,3L[H17).5'+-T8C0.[0H9SWM+?2^
M]3N<%W$)X)QLMC,8$+N@VNH2;BIRV15U1>&,BPK]SS4A8/*L@+OAG%VNH;]
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MA:R6[@(N\V/\/*KTQVANXLF;89BDK^BDN2MY2G*BATC$M)G]V!$PY& HH&C
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MZ<*;I4YH.*'-$F:L%C<Z0;R:=D#@;A?509'O7"9%%R@WYSBR*Q[[S&UB"DT
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MBA2:[8C%#;;:K(IQ'&>E2"$MW4GMCC>@>?,%=]4=_H!BM82'/OT:_B#M->T
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MZJ+!!E.ZJ[?U.'UZ@SQ.=V__[G%ZC[?=#Z(<\$VG_Q+N&;@Q5N6Y&9!AP%@
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MNH:,!J\"\(0-+^C]O75Y*B.E[*U#.Y_?I-#.W=]#.^]1DU"GS4,]:"\B1_.
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M2^P+H)?5C#@768WZ\TGV#$$#F-?-A68PB[Y>L"-.K7$KHLL)C-DS*U3V%[A
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M="-^H)C/VVWIZG"*JS622W!##!5,FHF"?[1.@1DK!>L??Z[F6E= 2&.(LT0
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MO1Q[L:J=&RDS_!?W7<L%^82^G8=[AX$^XB#% >K_02)FFF7QW%9&\!N_#Y;
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MRS;UH!,H@'RT-(XRO3X_%WX>S+TOU8</YL/S.Y*R"T&0X_'6]7^(9Q-SF-'
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M.HY%VH?:N*QT<Z7E)$+-R%YQJ!/D6?V:,Z[KF5_ZC$1A8A"_'Z:OITHYNAP
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M> $@HUI,.%/(:]C*1%%JG"MBLL.T2"H[C47<'&@)VXXAFJY-:8WR3!?-&U7
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M,D8WE<LG54RBO*XW=#;6M%E;0;3$;4LA&A\GGCJIS[B$4.?--@ WU><"S.,
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M !0R<M8PN5>RZJ-#2E9]]I]DU4.MM?+'/E9I"MH@SPRWL/)N*_8MFOX/RT$
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MCGDD(70@,\[%+\6^J]VAA7L1CPP "B]IR=D70@PW2'BBHB]+<RW41';RNY6
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M=O)1XK/V$V&NA=:8.;OL*:R).T4]>,M-%B1>+*DIPV (L*O/.4,";U#FA<3
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M[^XT3(XG5"K'G.I&_'==B8E\F%$ :E I>^\[HQ*'K\%/N1^ F=3IM!,1V+2
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MH4>E55W384GG10R>5RP9))V866PXD2O/_BZ'C\/_ (^5PZWUV26A+X  S(Y
M? =/%B:?[,?)I\([7RPF4S7"CTQ=ZRW7?NA=4Z(O?PC,_-2D!?88*&75[^%E
MI8+"Q[^5V#E;TXF^4J]]3M,E#8^^\AH-_'LD#=C]<;Z(8V5 OM <];VNL'8Y
M,I+M9H_-%12Q:+?_C9$CT312LK,+V.9BB[.%,]K_Y"TY6RQMB*YIRC>2B549
M&HGIP>!6DQ(2.LR9,'7'?;Z*JVF+8.N&G,KXLGX%^<"W+UZ^^O.+\W<_O'CU
MKGCS]O7W;\]^^!6E!?58(&MZ[@1MWE;.J7[3-I=M>9VE_OP'"OF \3PPEI;I
M6EPO?BZ:TS$5K-0@DC"9TT(B'B#OV/B5/.;$GQK2K-@O'.">1I_0T>HWK3V.
MUEOC-R&0Z@_#V9"B4E1<-@GKXQ(V)H/45AF,@VLNV850*Y0;+R8N&\"F@Q@-
M^U\:Y[1*G+C/P.E)UZZ9' D@$7^V*74H<X;>3[\ZI!() E;R9$G3]P83D+'3
ML^!P52TZKENOXXH>S\&4!AQ;;VW1B2,^JH^#D/@<U?7Q>"#:XII=WA?U!7;/
MOH"*ZY4I?10O\/2WIP!UI N,QQ82$FMJ.9KK+=_4D(=Y^P$93[-U .?WN=_N
M:%%<R2&7S()IRTW:G#BW\6@D( VWG0$;4]'9EI-\D&U50S"YF_D@GOP3OQ5A
M5XG78!'8A- S_URJKE)>K7M%"HJKEFP8W,]F/=PX[LAW)-K*RC2^8;&.8>5I
M,9S%8+/(+=M<(M3!^9 ZSMYE?:.+?"!!<=L2/&DMD39I9@,MXL;!U^_R&\R&
MHYT%."F49H:F%F93>QY+L'<RP54ES"JK@5FW1DZ^P6GQ7<NHR:']M^T#U"GZ
M0R]-8X#V4N#J^'+?][E'5+4CT]8=S QDQ!SV:W(KP].B][SDKO7Y535_#X,<
MUTG/=.:$'8H'E0=[XA%(F90Z11H*D,MD>;F9BKQ7;S1%D 2(ICO7N*T;.B<,
M(:>G%TUS=)[7T@IBQ4!_%G&B79;Q@\I97QQ2.>NK3^6LG^E5FOC7_F5EV=W@
MDB+0UHG;@+I;V_KO6>XL??.H/JU.9UF"?!BWK2T&GPKHT-Z[$%IRC;@"W9RZ
MP @72-S/8#^7'+Z"P8\I;>TU'QG4FL;&-_#9\-SV/, S"#E%R55YP_U* D<O
MD_]H3I0T(T0'B#)K>]VG>V[.#6)4FH ]#-P@G0J2>T$Z8Z=*;BAFRD^8.F?U
M<FQV )A9T%'&[-N3!FPVJ&8Q27T,,^9E/WU+8QMTB,F1,UN#/."J7"U-@S&Y
MV1[R/!:RWS^CDDVRKMH+)A$KYZ8U->V*Q-/[V9,G)T^^?'3R]9/'CVG2OGG[
ME_/RHGS.B_Y_+KJ>*<F[T_@HOX80_>7W?WQW7KS^[KL7;U^^^O[7A-IA1B'>
M?DB#<KHF+A):M!2<M!6G;.=7#5S!AA$U#1%& .A+.#P02 +^IFAA%X+;WAC4
M$-[RMV0AR[9VP/@5B![ZYK*"!8+[!>UM_(@!I [+G:69T""^TXJ<.E[(^RK=
M+.1*"Z?1B_(G&4%K0L;8T(DR]&A*^6/0*1B6'Z.#JEEG7W--7JJC2%!Q.M[R
M<OK(=,[!WIHG9Z-K66UA9-SECD,%JSW/1\]OTJE"%^>6]$9XO&T'^">+(+B_
MBBD\N0Y;*69W!#/WEXB!0WU92XI=/70932V-=/*CSAYWK.(ODH@??"#O+=_3
MUC+N2@IG\_X  ES:J5T?_1A]-><OGJ,_"%#X35MICU6:@>#ZLJ"'!B>#(#I#
M56F/TBOSK3)\"7OWL6?" 2,6>UL4I6C*F!(G72,$^$DI,^79X4A<5[W+.?\.
M'D?I6Z%S>"EHO)8YAP85E!/MFXX]W KU2FJA)QG"B^A\+"4>EU:";"W'ZW[]
MY-]2NL>F@N)+D'+WH(P;?(?&0B"HBEB%;OQ># 8Z@%VMI7[->GG91CRJ6._=
MO(NFX^:=U"U!ETDC2N$HW^XX#3Z.GNL5V!Q;$B!G?Z3KZ7(J%UZM 8-'Y91\
M/Z=I8D1+WK;0T*@P2.F3#']U10+#(B\<S[E:B?+X>S(NFHVC^H8GEE6)[U^"
M0]UBZMFAE!X'MT"6E"B^Q,G7+U,<SXD9AU^?M(BR2E3]F(]$-#-@^7M@0C)H
M&C,[^9'H:+KKUYH2$+G!:O%+RNMP"79>K58;RGBO+__';Q[]!C]WFW*N/__D
M<=S6B_[J=R2\^=N'QLI]J[<!B_:\7.G(XQ=_\X<XU(5^0*[^Z/1IO?[-9W_8
M]Y<_B(3<[S_K%_Y#D[.2T =XA\K@DHX8L1#7Z$&/_@>O4[[V9WU+_T=S^<]X
M<?C_Q_5Z\@7*+VLX0+\K3NQ9/[W5Z;>*N),2C1S_F;?$Q..4J)P-MBV\(B;)
MT 8)NPB,:<4.FF;FAZTO*=V57??3BOE(5DQ?]ZO$=O/IY7U4+\]\BD2"Y(.*
M(_0%@F8(Z1NF\:BYH-A6S?+XTYO^2-YT J3X%VQ9 N]ZP>V#%_CI[7YT;U=>
MK/20++) LRPH.[.J[GNY=Q>0GAQ2 >G9KZ. ]&FS9(=>7_D&1V\0C:=-HV:%
M\$K4GNG?%#EO%M=)P/46_#4^6=&/8&%0<&-QR4R01%N1IU.D%,M9,7'?LEJ
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MY_CX+>:[C.1M0SB+/E]LXT);\(4VX50 U69J>(S+]GJ[NBR%>;.MG%[A=AB
MC_.?$K9>M,W[O,C@A5D# HMZ.MU0?8@'K#_DJ2]Q&=]F,\BFFF99-BS64&;1
MQ:GL$]5OG=*?6G3";K:UP@Z1!O=1N#R0*$8PF(;9R/72!["BSORF4[Y!K!LZ
MH"8W)&497!H-#HP_>$K*.6-/2DQ_6UUT=5\-* RS=S1AZ/ JR+?,^F^=_K<'
M=2\EYYN@4-$HQ1O).P1NFCD0"V,_@563"RLSR^"2F@T<<K"ZLGFPEJMK;3(C
MIX*-<[KX0%'8W4?I@)J5:?AD\X#F@I1ZE)U%#C-QPJ]6[J\!Q<5[GOOC7[.>
ME-ES*><98YR[M$QTN[/H"(-LS,6<3<04FO$E2WCA9"/H#=4BZN0/\DY.0$D^
MML25T^,*U'<6_?IU1[K4(_/X*T 8O'SU_/7;-Z_?@I,D?//7XNV+[UZ\??'J
M^:^BN2SC$0(6,X:X4O?%(A%J>ZQ,F%;6;:_X1%N"ZL:6]OF+Y\@+*F']+9]V
M4F1SI$89IY'6V[AAP1&]R9WH)MD]I"X97+/6+5H&D"0!JKZ^IO.Y1*8QHXX3
MS4^&)M$! NHY]0P7S7PK'3Y_J8I] YXD86+I</T^.MB,$D$3LA(O+5'P[#@#
M\3Y_-G&4SBO9MX^_."J/9_2?.?WG"6W.QT^/2$Z$G62/;G*E(G0TZ(U8FR"Y
M)BDQE+__4>:(+P#9%Z?2YJ=4Z/JH+!SGR4J56!C'5(KIZY4M%]@GJ!TM$VXA
M+UPY3I!\;$9.Z$__3?I[E]QQ+C(SF,RA(TB\//$F*N4N5=_>#5;>'?1;K ]N
MJTNWRXB1"TE[W30,R='%$7X:NY>#+;NJ@BD\LBP],:G6;,[C1$3+77&#C7?&
M2S<@Q./DYI"K=/3X>'13(OWX_-@W*&XO.FMIXGVO#U3\8[1E.FJZ6;!12\1M
M0Q41,]M8^^]!AR&R(,@J_.XAE8"GAU0)^/K740GH18IBM=J0M[J^_!^_>?0;
M_-QMRKG^_)-O=ELO^JOXT4>/?OO0E]2W>AMT2L6MJ"\[?O$W?XA#7>@'Y.J/
M3I_6Z]]\]H=]?XE3^O677WT=Y[1?^ ]-GMXC"._YV<L93/>B^-]RH?\S*SY_
M]/G367Y29]LP?OWK)^@'X+M^UK?T?S3+_XSWAO]_7*\G71#Y)>7#Z>(G-@O.
M]_GTOO>];V'L9QI_.N0AG?+JY/GY6Y& (5^C(YI&2&MQU^7K>=]0>/K%8ZR-
M)X.U407R0N+%_KV,5V]WQ9>ZA"9[@+KJNCYYR$#\!X75@L=SMFFCB_#%H_%*
M#>H31:O^[]MX[- '3O]KKM)_-?T#G  E>Z?)(7HP2FA?<K,KI8:X<N!K10#E
M)[X2\,[/V,>"IS=R_R553.X<D)@4XD?G =6)%J\8! HS '(W.R-67V=^G9W6
M0;AS;BHFST$KSDY8#O>Z"E/."#=-W.?ZG19_35T7C('2(7/E*OD15#>)0XZ7
M^MU'FV]@GX+2#2+>\+:2A.F_]':_P!/]/X^+9\^>G7[Y^.GIDR\>/_I8'V>\
MCRG@ZUP"<K#49W2(ATE+*[83U961T24T.24BJ9<(1@&@VZN^WW2_^^RSV]O;
MTZZ\*.?5\C1NH<_HWR?,*GK2;.C[VS7"KY,EN@=I$Q': >V<S87(VPX&*DTH
M*J;W$ \]]3'F<;[,#5G^SB5N1<S/0EIY5%R&NKY<A-7--)5+YX6D<XLCF@!]
M_FI^>MG<'',=5@)N+6TBX;'8)M&L915G\&+GL\AB1XA*AH$;] S_4RY+R=/T
M1!9=02-'156$]#E:L0JZJ9*-F^@6U?$+4__>"0V3897(8),)%#8(;>JWZ'%/
MV/H3#.WA)P;?O'WYY[/G?RU>O7[W\OD+HBA^]\<7X)_ZU20&ZYMROBM>-3VU
M!8!&)Q4X-ZAD(A<-/^V,":PM3^-*\D*)DTM%K2&O(N4$_7(NI3)O5JM*B-NW
M!*FF,ZXDVT9I</2B2,*/LFI'^G'B59VIZ@]:7CIJ8E2YY9G:CUYJ?-08 \\I
M6M,8/972!+SFQQ;:4V3RF>Y^9ELBWFJF#.C7E3+S--R#%?>2MD6->2[^?_;>
MM;F-*\D6_5Z_HJ+C] DR#DA;LOQJ^SHN15$V9R210U+3X[AQXT81*)#5 E#H
M*H T^M??S)69>^<N%$C:ED63S3AQIBT"J-K/?*Y<^0"-C? .+F6<+TD@M67K
MA(@_+ .+^:[JI=6, S\?8\%)#VSEW8KG1H#'%FYSG885A>\Z;VNVUCR8_EY6
M$SI8$]WFW6Q?2FB![I42HB4H)<FD9HEIA0 :4 J5X#Q(Q%,+.E 7LQ!@F_;@
M@@*H;UI.Z=#.1LNIM"6@@UXWJXA)L\/1D*JYXI B5.$6&_1A%?&G5ZI@[1P_
M5!&\5@1"^WQ6Y_O:XW(/C3YZ!- G&,I]B=;*(%?:F#O4.&?=#JQS_2&P6"2K
MO!Q#-I%^GB;^I//R-2@1D,E(Y23.GO% \ ./XP/?T /#:<L.V,7L%)TGPCLP
MEHFE\?WY#QBA\E-P.I'[,_ C0*,79&Z23E +Q,L7RX[R\++.\ 9V*7F&@=<C
M?02/4^2+E4!"'\@H?)N&QR&:63QV^^;TB&@.NIMKW&UAYK4ADC=TR4CK2>\+
M:T:[!(Z9=GGK^;/GV_F7+Y[OO/CJBR]ECQO;_G@^_V]X(")YV0OA+]X)KO_5
M(PK2?_/YOT>0_H]MOS)C0C'QJ0PY(?!D$Z-<J\ZA3!5LVAJ,99M\:E+-Y)DS
M7KDN2E7P[L7NP#<2JAD@2A)X:N 5+E.AH=6CJF!\EACQ ?(HIB$LC\RZ[6R;
M .I<L@"/T\987(,D%5WJ\HL!X]K/YUO&P,@M)G>F]:Q<D0K @P 3MWY(]2QT
MRFX%^*JMT_'[M:4Q<%E7=JN-H^.+Q=AL,+$1#5DJ93J")F)9%!IY>1G?+WB<
M8#92IK6Q#81?M5CYCMC36"AJY"JC4<-+7,U2RVJ?#'GZ'S.DV"*]J@J=E4'
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M&BU+726;6[Y@L@*9O^6RKSB5/5MU2O91)N8FFUF<D3;U7;W@0Z(F+JT*;3V
M'H414GA5@>=>,FBD75@WFN!4]Y\'G$'7GJ>:LJP>56/M')*=EVKI5$UJS+6#
M/-F^UJQ(&-TTHR"2<726N#"= 5]JW0PN*OJ;\V*CR$V5&HEF)]J+5N-)M@YR
M[,^;FNQ/BXW<.%ES\UKY(%ZN$6TCXQ1XY&QQD\")UQ0W:C+)R>JC?<A\E0OC
M2R4F-*5O[-"B5*,=*=]DAV9G:+UG3&J<(0VJ0T6&* P)&2$- ]-4KQD95"#/
M3:.!UAND23AIZ",:V38'MEY\TDVW2M%L32'0WX[O7#<6I.I^4L0JI^AG\>9
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ME%T,)F+9H*R,=, @3[(Y2H6='A:W)J!@)>$I>K-!B?\O<K!E97!^1MJB@;3
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M_^G#8:JKH1SD0_CTLD04(PW[[.9A^3+I)J76"LI6#<V;UE6)/6X\KB#0$1(
MU[]K8!:]F!5H2"Z)^= R1P^^]A\);42RV!/0L$H/^70>W>ASN5H\(T4('#4
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M\A])XI&E=B)@D'@8S@Y_/#A)^[/V;CHG0L(9I=&)0GK@V;#36-3@H0];PLI
MJ_:FFGU(Q.GCR(8=*G\NX*2SE,5C($I3D,L&XLX$Q*UGQM6"S)MZM.36YL8/
M([4/D9@F\C$PNH-DWDJCN.?5+$H_C3Z&[%NGH:@BD3+_8#2 B0,13!B;\V+7
M1/:[3F_2C;Z!@J6-;02T]MT4.K.-9,!@N3>@@"H6;L"-E&H=!K59+D]SZK'E
MKC@BT>FRSG@ <"AE&;PK@9F(T<89JR4"O^@!SI)(O=91LNQ;/814L"7%[^S4
MO&D07Z+I]'=SVEE%U>0]1X*-1-J%"&@6ZE5A2M&. P"VZL+#@= IN^WNMMPV
M^E$IP<SY2NG\G:?OJVL&G?WTIT0,3U 1C+GS\WHE60\C5C%7(* 0SJO[+RPD
MF@ON'7$NO88!MHE"$UL8]?_FDQG-?KLERIDD'3P4=T@*MW:E44ER4G)X;;(U
MULS(&@P%FP66;Y=BO7]>5;O>[5"S+@:EO]L*WRU._<U3G/J>XM1?/<6I[XVK
MP70RW]M#Z5V0O]:*2NZ$729.7?7#;K8!T])E4HD<]P'G;NG:P$MEQ;+<%UT)
MJ'R/DT:LRL0="4BI].V]+4Z2SMCQI<:?7G<9Q;NM23I$.DGC ]<OU+,!><\_
MO'$M0HCWT]LZ5.%)*MCUM^IIUAH7PL+"6>RVVVV,)E Z9DL'#H#CC0$HD8RK
MNQM_TP*H"'-<GX;OYH%/,_]I*M$#U#S,55HNT!-V4T\R\7:MC85!GCH4[%AS
MO]Z63<@,V2#J-)T=N.X?KAN1W$*L@+N*]8[2#ZCE7,G%SE JK;R/;#73Q=)O
M ">U1%6!W1=F$@A?G,5<3N?2P&S(*VM[(B>K"%798B%LQ?S >9FQ064I'JL>
M9H3&J^6"+1'+@Q> ?S(<R_SSQ4"HG9R]+!Q5D:0RLI9TC!0<1\=<!P$2V:]6
M,YK:0D:S8YZ\SJHS&>%8L!B.-*FG;:&Y2+=%,<RU_H$K*?0O7%&8]+A"+4LA
M5-L*2D?6Y[KV)JMWL?_FIYJ.2@@?7$$V$+#(*%2-%!F:T1U\E3 WKC$4WHH/
M,RX;+=H\G C_?EH_TMFNAZ5&OP(R* K^<,\Q^93G1"PTS+MJ+6[R'<_CDED&
MM.HR !EH%[G,1"@3=I;S$.[ XS>O5H)NMCC=[,9=A3P:E8(-R\ ZVCGN!AP;
MQ)8Q@7^^[_OV,,DK>=G%$3"XIU " @H6#!Y-5)C+1B4'E;.$YSBT7";+O5+2
MU94J8QT'5\>4D1-?A+;@J.=<4=/I?Q%8>I.!(_VI@$TH@:P0&IWY)&B @EOE
M:*,1^H[<<DF9-JE#LG%P?DQ07#JP3@72(F SL]CPNE?1Q5"_]>'69N]E'KK<
MK+7.%F:)SIBAH=%WE<:&,CG1<J%W?-;3O,SE/Q()LW;J/%-%Y&G!_6:&2[[A
MT1,3\LX"32BA QV+4Y;Z1HMZDZS&@%A<[^;[JDJ[*%Q>T)1#9.7!_F2,+1N^
MI+RN PW(BO\8FRHH)5,+O@DXSCBU5EXXL&H^SN$OM/N!81%#;'&=#Z7?/NPL
M-[1+;)K+%J#C)O222Q0LR* 995I8:QSMU?F 30.RZO=!<KNS%D?<91,^WPO1
M!1&*.Q).XR!&<F'S3K+1F=S "LA+UD)Y?40U*<%DIZ%R8&'0T)50 V6WA;;D
MVLAQ(LO7:$:DHLG%CERVD:V'P&G;^Q5/JH[Y90E3\*!SHX1H-T)EO1S@ L]F
MI#2;Z@TQ*;9 !^I@SHJ\#*AQ:08,K\>(\0<10Y.Z/9NV0+*X"(\X H(%$TGY
M43&6-AE2K.U2"6DANMI*<<9+9O@,G3.@\2!D.=G2L0K"L>KK!QQY<?,WW*1R
MK5Y!#*-!5T3)84HF[D]MY-%*$KQ6N&M&9QBBQ:6V.EU"$MBRIIW[NFLK *0D
M@U)U(B2W@>9#PMAWKFO=>P5THX!\<5]B>#PIU@HFE*NL#8]A8.H@%"AT?A =
M\$3GU(:B!X^R&HCVSO[+T7O24TFA(6)U8GO.L06U0S%;$JKM8><>=-%D]H3K
M>CD)5&&@JB6K8NK7)6,H_/JNT%,]LB)8K-"PLSIJ)AO')=>A#-$G;+U!I,!S
MU"$9=7FX$#9PL V\O%)R;NWV9Z^1)D$A9-^9C*S8HIY'&]ZOPWE !D7=U]E?
MH>:E_T)5K>RC0"\DN %[:-N6:?.<I*#325[;">Z"*89A8"Z.9"6?)3GR@)V2
M.(#?RNBD]<#HG1#H2!5VZAG]/5EU,8%2(]5E1W$TY=W8??KP:%'R:]2[7"LA
MW-BUG%?AV;=??"&\:M,2'(];_#W+C,>P/7W=DJ)D (.CA>3G9&7%AFJ/\1EM
M.;8I'5D6FII7H6W\FAT^L^ G>(/N3J'Q;Y]"X_<4&O_Z*31^;Z%Q*38Q(_H=
MQU>$O'C/*CC-\.+82VA#<?#F7< UH%$TA*<S0J6UMSKE[88P,;>&I8M?=L@'
M2!!$ W:="Z%N,A_>7O_"%C<E A& CO9]=+!DOD[\S'*:BTL5AV;JG;9L$3P"
M&AOP]"J0F?RZ0NN*K@+),]@J3517B,BO#:/+ V]N-(W(6N U2M)9^ F&%IZ0
M@;306?IE7N2U%A)J='LX[<F2UO[9BQ=[F[GI$2]+!^89*&ANL_*B7FC=?4Q@
MQ^![)&, H(B?L*5(H92H/Q3P=UMON*;"P!P5LF="KX(F7@^_ <Y!<M>ZR9;0
M@9G74CCV,M*S#F/S,T[BL4!& FP+RH@UI5#J.93:S\<' :8VD!KU?&])BHS4
M_! ](F@/ _JK!^EV=K*W[QZ1R2,.)8?_EE2Q$''?^(C#M_$)T-[RD(/990&+
M[)65_/6^_^#=J]-XD9T['B-6Y:95=763 93,A7@X7@Y*[-&#F[!;>OPXVL4W
MXY_+@H-;Y$ *(U%@CY6*4@X!\?T8(:[#+RVL=TL<"RI/N197$@WLOU8B4ERC
MQ@[77L)VJ'^G3<Q0"[^;_Y<-JT-29*FT.RR5JWH(P(2T"I/_O!'B)JWD[O8J
M<Z"!=9DHT^5LY0I:/0?6J!Q.P!T6J-XC"\!#E@DL*Y/[GS+K2C8D4B@4V88.
M* $U-"DC+;&$0C2AJAV80SY#+VV(JTL LT>!':^/2'J+!H6*]FG:VDPK5],8
M" Y-]\D=.AOK9RV=MG<"48+K4+OK23>J6=8EJ>:Q&5?,PL#\1=LS&%2J5HLE
MZIF5/RR]:M&S5.W&V>OM-"H=IY3%*1EO@?#65>P<[_6-,T1XM!2(Z[23FB\_
MFK[!^'A<@!,@B&/,"?.RX3@0H&6N7:4">X.L<:TBUS:_=^B!"B> (V9\26<E
M[9<D#X7?"KI)3Z7%+;M,X8%"J.?EAT8M=TW.$5@Q;ARMXS'%B*Z+5;:6JG_
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M$ -"-_@_>P88[:YJ5K7.%8!UL5P%ZU_;R(TCGP+,C,@+I-L]TMK00AT"7V\
M8TIA)?(2]3=(L/&&*^=.G:T/8_WU0DH_!2:DTP68?@ ,6F TDE!\>"8?TQ"@
MA\5G98!FB$DV.TM&U5F<#:MRP[#,-MTT$J5"[A_*GD9?!;4D48%%/\V$OU6.
M7E=B^/U[WPX,MKSA4PO09!N^P71&33UGKD%XCU@6I"C)+]UZV!V]JQ_>TMH+
MQ@+1@QOO5_ANINYR_WI!N3"3(-(:$)KF *Z7:L<6+JQFIV$T[@U%RY&ZUFJ<
M1T4E'@('&-(?A$39*#EB*3#=D2@B9M>V%A$6)!WZ'0NFKC,<H^Q;&^B&H^,!
M7@6Z>N("5=H_?F5R_KHV4H/866Q1?!"<#/_OJ)S066M65F(L)4E"NRRT$2:K
M,E5R^A7%PE31OC$B+:8:<]P#O0NO5U"^@>YV%CKV_?'";"V4!.F8!7?<>W]>
M.M9D=Y-I!(('CGE_ "-#X&;T<^[$7-."O;C-)G(?](4\F@?([H9KZ*5@EB";
MKVE5 (@2-M$YV01U?)SD+=?OJWCNV),YH[86ZOP['=D1O1P D +[>:C;7W\N
M0O+E$G%?WB[66SJ:D*M<9SM+:D"LLH]#ZVU7ZX%35/1.^HQLW8D7*]!>'XT^
M[<YNYPC)3MJW&5X:OA_#G6R<-;Q"LYOFX,/.I-Z"<2PM^RZ M>"?2#;3L5&'
M@C>2&]-J.466>1!36-)RV,"MGCY=]PL [2T^ =O!OJ&/MN@H;"/XB",24.4Z
MHF+]@G9,(+5X%C!AP6OMB?UCBX/PS-W\/=M%Y2_L@;2:/):79^G+613T57MN
MD%0(=2;&P?K8 W.?O%Q&K]79B#TO5SR,QEHJP$'I/F;@MLCV7;\[L[%S-6W,
M+[+8!NP1)VK11H,'I(.6C&R'I!27C'<O?YE7XJ!VUL3%'KN'WKX2FIE-N3Q2
MTB11YEHK1MJ:%IZVM_:PC),:#XQLYC%WF&G'2K1.H)5!<3WZ][2A*Y+TB@QN
MN@@183VYX<E"%7-N)#&<8PJ"Q5+*QGJ1(?XH-)[6*5JI+J1%9NRHIG_N)OI9
M_@%UQ +1"<)U465WFN%.BX0N676^XB.,DD-\>(M"!TS(J&R'377.:9'S^NKQ
M**(;K4+;P&R]DLQ$M%_\#5;C;GZTZ3L7E65QK8&(%XAKLC/KR$[I:#H5_K[H
M@!2;AI)OK7E.77E51!V[[MOX+XOCR<)WT)6HJ7#Z':(U_7"@H+[$> H*,8Q2
MK<%>;: 2(JT_TL]"[X^A]9&#9=DUUNCCY51!V>?%!)=4LU_RRH W<GD!W.PA
MLKX6:'(&=(1N.LOY,A @);G%_HW%%@2%E$G3N,B7,10:,]U<J$_:/?2O!GAC
M_7N\KSV*IK-D]6QM3$*6,'.'Q)XPVF!NKU(5$A5'8HK[(^#HUFW3D/]D' 18
MR#3A&MR([ :E>^,$3=V:X ]AL3CMA'7/6@)T"H:=,I3LZK%==X0A3(1PHW.#
M](9A"50IF&OI4NEWL%#M$GUE"^BR0!;I!,;=TCW/G](]]Y/N>?[Y4[KG_F@$
M8A"=[_S/Q>P#67ZOY"]KU@$ [:;48336,[$8W'/633$RZ?A6S./EYZ*A<P']
M>$8^<Y4FY<RZ>0@OI5D=\MMLTV]C$YL>[_;&(0)9-S>^.TP,%76;0ETN^9%)
M?901<[TY?'ETPIKF].CUR2"6%D[7,P61GRMAV>HR^@M"Z]%8GBAIYQ\CPGLH
M9+=8A2-$!O0O/7S./8&1+7HV-]GF;PN>8KO71^A$"_AI$=[FN'<5Z5TW,0#-
M@QEDQ3JGP3EO#8C&X&^/:.^8M![-EQ4PU\?]T/\DI#@-? 4]'^)[MG;6$"YS
M#>%""<#1_GZLJ3]UP7.;LF"\8O2HSXNR_&8R=R"QT'!6_3 ![ZV 1Y/^Y4,)
M6MIJQ >F;=T?[@D.#G*1?^ NO.LFE2R96]PL77Z!>,W*E&2C:H(QX_%Y92@Z
ML-]W&SHXRA6_Q@/I2P#+G3UQP_ADTKS,VTX^#61&IC,P0S4P:+_Z' )/%BLU
M$;%:*Z1V+*@"QR-C0\\&T'I;4KZEG 2M"XAS40=;M.J"]=JC/E6DF3NS2Z-_
M)W8I_8=BN+,-#D!P%'ZWER \9&L3:6.0G]VX32$QB[CXY_J)]@?$.F8\V=]T
M9UO)G8CN:[6;H_=;K;R6 YM)WFW"L'6@R*2E95H7YGEJ>PY%;]ZF0Y@/$'&[
M+JT@6QP3/^K-[(4*QS:%R\_>4(>#JM]\5K!5$,O;;OC]LTX=3V;JJ9?*7>X/
MR8A&I3D>WY87@+\\:&D7E.X@QJ^5X)1VFLTBA!X7KB1QD+DR3^T\CU(ESW\9
M6!\&?=I\8W3/U*G72T[YVN?HE:1J6/A3@MI]R-IG3R3BA,363"HL(^(9J*B>
M[%#6C;EMHG[>G%KJ$AQCT>G/4S*SKLJN234TGL>ERIM"LRY98B,L(EIW4P0Q
MQ@VEFFDM/R@C\2P9&M@*X.D0O)]JSE552Z:\LT[1+3<'WN)-7RL7"007*M52
MZW+9KEF'TMB+UL 1ZR0F82PAA<VWOW]GDS7)KM%GO5;<@&]".5_D*;4EYQM9
MRVN:L8;=X'?FUY$E?/$41+FG(,JSIR#*O051_JZI\'V]/BJ^UE/[<LTRNV:)
MFH/>TP\ZHMB7OY52*)AHWMU\WS_)9;["/5]/N&2)G.1$\^:L?> (D^I=K2)>
M(!=P0]+C#O'MS%P/KH1I1C"Z._34(:_@TP+?)6MT4SHIH-\V3T\#Y1]]<OFO
MGEPF:>V':ZJLG_:N4K$\T+0LM+<$&8ZUI.<*QW*68 CT Y>O]Y=GD%>:$>%:
M]<W[W"%>5B6_A:*<*3<2YNHI_WW:T7:\,K<6$\F3=''*DA!LS>TU9]Z=5E]T
MSV,&=Z$BHA45 P\QTV'*T9/R&3 4K.4N0Z8)K[4RRNY[SH4@32'8'-SD4C+;
MG4*&V/AUY3>!M;W3"DRP13SNUJ$7M%)\C!FTVG8:#U/&;BXW[^!$A+Q<!5:?
MK$RZHF:@> @B,L:PI%\F37S"381J!_SIB9@\AMNE: [CEK=L%^2T ;.PHUFZ
MHX$;1"O2XGUS!/[6J6U#Q*ES_B#ZN&IXYA*>R+."V8/^0:-0B#67:L@NQZB(
MS]8UY7@B 49IBB90,:X8O=!KXVL;;TIGA@2F0H]]=Y[-\$,MD(R,1+=^U<V#
ME8+TH>"O"<EMU N#,)3 R(*Z M>4-#19:I?D/5OGWVD1RUBC+Q *?=-8C/GJ
M?<<^?[ER9\,?BJC]4&[0"AX:'5\9QJU%Y[QY<L(DDQ&[)&T*!O4='J!H^B-7
MF?>\EHM 1M**\"N:1(P45LEH([CMU9T%B!+9"4J!E;19>)$).ZUO3]KW!##4
MAJF.A4>O,T^EF0C=GM8L ?KC;$</2^:7=:"UL5H'ZGM7#HMYM:#_10I\.=/8
M97PXR+IB6YLY73@4UL.?Q<,?@50,*^@8-\WX@QMK:;4D4)4HO 0T-E!_V@6J
MW$/RY"'Q-'6?H2<GH A'P7+,;K4<>SG DF[4Q8W8/$<%9>@\?J0+'=6S#$<T
M!")4@SMH;P\LL9MVZVC:N$B#/KG<F?*V6G?J"K RN.+XQ605#8.]&Z>IMA](
M6)I*>JN%^?J60A'_J.), ARDH9C);A3G/,B$9^-*&(_Z)R?"4*J0I:4ETKT"
MN-8EF_1)I+3G4_J3 *OFO9V5U[8JVEI-V.FM<38?JL@$W?L&9U3I[%LW?0&
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M6XI, 0\A\]9NR>Y,:M0Q>O.#5 ZJH-D6;QT. A1N[#20?[3#X$&8X+AMZ23
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M]O[%$+&NB7AZ$D9'L +<X]OR.IR4<><E95XMY7'YH V,%6 W76NGA@@PW>9
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M1O86\=23(EQ.PX>86<M=K-9*G8(>$D*+G.;U&85OXQC0F8\A0'OBJ.MWL\!
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MY*R2\%P;RLW0+#C88PT0@#*^F8+1M0'<6=F/L_7<\32%$A^=29JTODV<K.*
M 6\_^%W;(K[)D%Q2RL&FI4%?EN74DC(K,U)Z$D0,N2Z-.^Z],+;ZAZ"R?8X;
M,Z_]1\XPKB6ZC^=$=!@^265%LCS2FF'BG))Z6/:+_*C2P2CY")ES<G_+YECB
M3:Z8^%D-F=I0J!Z?@"-)O%U3V*#NTOE<ZWRV&PDV<F:)S]H2@P/ [PV_!CA.
M!,,8#E;[LWD2F4:+'GS<-Z%=4]K4K[WG)\6*CNN'#Q-$S+>1!PSPAYU0'_AA
M69\MLXBHH%FHFSUO$:T )R<HD.3>71R,W5S%':8F13W2)R[Q[HL(C.OF1,@]
MGQ"%?VK5"?HR^$%^&@)!.@M&X?SG=1?5W>V:$#UF'5FB^E\@+-\<*WL];FA9
M@='M#640T<'V0Z]HE-H1N>EBA8$74BAF7=-ZAYHIW4]I>>",'_DD6154W$9#
M1D>:TKEV]=?F+ K#UA4?4#'C.^Q,8B:6'NS$P3A:;_;J=;?[C6]^W1P7R^K7
M0-[/"$0 9:WWM^5)_5WD'TEW[$14J%R@TN*?[F<_T";/MF]RAL0V'''60/[6
MF<R44:X(&H0XJPTYI[!W(;H?Z>]V;=C.;,R[?=J^@IR$%F4_)Q>QP_F4'K2A
M/F@2O@%60C]!N5BV8#6E QF5/1)33()ZQ"<:+$<*P)5EE^RKL#*3,ZTQE-4(
MCK<=A5KK@-CH!RP'YT/!%C2,WM!!%:.1/>+/E1&JPZQ'XVCH_R0YZ5+&E'CN
MXVX*)M$1:3#, <_2%@0#KQ>#98V5N[VJ-$^V]X9C/KZGH\'T^,65?M$-"FM$
M8)<"VE@W)FA'H;A^[#9[._RC,M5,RW;25$=<Q<4(J\%7_1_7+2Z($#:7"CH@
MQZ3!6',A=-T+7<6OQ7XE!4.;;%:0Y8>,_D@GZ$SBS4.YSO*<+])S##E/)&R]
MN!&<&O-N$T730_G:5D%"0I:IQ"&'A#49:O;X2.[(B%A5("[A&BK_2L@=8R!-
M'-^?OOS8'O6BI-.<(MY0KBFPNEZ\E!Z)+PD3/PKZ4&$CTKD<E&BU^E$(7Q(Y
M1I6@R<4'2Z0@:=2@Z$&Y$<U/Z&B0HI6$+.P[FU)M3XTIB"V/'DXKPH3[RYL=
M8BZNIVW(.D9QJ".H@2I@DQ1>&NI5\,1E5@'0JEC+%(T6]*P,-+,X6[$FG<^.
M9*K!H1-KLK:7)P7IHT3,M/9G/6,\B.I*BU_EU;U!J>UX)A0&FH\2.<,N4\65
MGIP1LJS^,?7EPKO/[L.[MQ3>_>H^O'MK"+]7;U[;&_K-ZT1MB_=HS/L0B8X+
M[-L)K"W MOB$5-B?8GM27]K;F3TA>3DV@N]GZI+IZ=2P7'E[>*\[9>:5;Z72
M]$*V&V2]\BQ!- DQM4B)R/&\PS9NX!\R9R;'WU"JRDYV@3:!H;R@VA-M3'0U
M&8L74X+#4#/W6)QRN1/U3*M:PSTL/>R58RF+@8Z/4R,WUG6./3Q&1]J@4L?'
M9*\HW>3A-'''."]OR_)U'2TE+!RA']O&DL#F1X2'>BL8#Y5E!WXB >\\//"V
MQ;([8=5D)7CJ*;L$G"-JTO9HX00,*:*1>CVI)I_>=6::(O&!N6RHZ\%LX=OI
M;EOH/[!<XQO!7;Y@] EF-JI(QF/ Z1<%IL*$.AIS2,$#5'NBGMMIZ8=[CHNY
M;JUQ&<(856];(XQ0+B/V%UPAHHKI3DH H^1<,5B&M"*^2VMS^7BRI;.K\>Y(
MM+#2"N>DS$Y[&U:92U5<F+\LEOHG1U/$.J1Y">/%]O)5&;,%I.9+M9#TOW<U
M=H-LC!M[?9<>-EO5GW9S1=V./:57I-JS6D.)*MO*E%RS%2 !Z"E<4EF@6(N6
M/?R%]9Q. -F(EOQL6,59=-I<'&>&V4G6$#W1H<!SOMEED$<D1A@=I""D6O2#
M2YK"#&(AD2W/7R)DHO*)+$D%+N*M3AG3Z.\C.:^AK21BHSFB@GY<6/A+-TZ,
M>$3!D@7'YZS 2A@WUNY<DTCW#Q+!@$O&J80.I?!TR$*"B/EC.!VB5W)8[%NV
M HTE^SX&H]P3BQR"6U33?O!$(,7<"#V&!N%Z4/,TR61"]^K>C#9;CH"6?Y <
MX*1"PCEEU0L=LBR@^K=AAW'L^7?\R*?8W&%+^YD&\0O\^TTB,&G,/F02BN4'
M#NF188 (+:+U@<J["$_K.>OJ>X4M74G0:T[98+\R)R7L%%CIK2PS45R)A9?T
M:D1AI>R.,X0U\#Q&T36&U$2LXH)VIZJ:IN71$(D$2<N:&^G J<,MQR:K8,!(
M.B)D!H*06Z)?@;8$5L8\@ UZX[4L$THL$ZPDOHJZ"=*N.*:,J(N]N2 D+O:1
MY%-M=[?@@(-%Q%LTE'?;LY-T8VONGHNI$.F*N?GAYFMV('WYW=] &FFS44Q\
M4(4/9$(=5[V#N= /J&3'#(PV%, :RM+&"%:%F K]5P.?U&XNJMJA.A&.C9+Y
M+]$L__>]65.LIT8TJE4ZTEDYY165%I<,.A'W0L_Y:WKL!:H%,+*J$[44Q'ZP
MH^-+>EK48C'92Y:]ML0I$47=@:2V_]5"O+B.+223&Y*0G+(%J%,BATHKPUU!
M""NXJ*)VGN"PY\.Y#M&G1#]S9%&,VE\XX"(+#PX=INDE/P:E0.HMPF/;B3.C
M=R?Z]54V+3;M+MG$E52@6=SDJ-PT*&E7Y*ZY).YK8[9B?*@G27>B\$6!?L\R
MP\;6$K/6]BZ(#VHM2YF,*25#8;)0:I,N7JZ%"$5J<PTKCOIZT2!G5I_6TO1M
M._FD9SC:1Z.4) !OC5)>6VSSX1@DS[2$^RUD=R+(&7K>BMY>< )VL/(!3C%6
MW6X> 5;T #*/-"H;4V=.0Z4K.+\$764D6#WY(-;.")2@L&P45:NWJ3E/(K!E
MWYQR8(6C3!8KM&* V&PMW2#1&LW+NNGESX-H9\ ]6+Q$KK-0BEJA?VSJ%0C)
MB4W^J'OA:E,P%BK*+A/A??3@/L)[2Q'>I_<1WMN)\"9;6\@-98L'L(J:HL#:
MJA'J4/@<;JH\L%!6$ZZKK4]+?RYT+>?4 SPD1?(%PY'.$<ZE>TMFPOQ0D?8J
M)_U 9CQ9L#:C/%Q#FF<%_&R$&J92'CTBHER$/%A*L 4\H+B&QDAO$P$VCL8J
M0%">BK.U*9$.[5VGAIINDUCO/8#$$)9V(HJ=>I-:2$#(/_9\ F-FIK@*:$<F
MB<TS5HS07B*LNZ#+)W5,1 R2O";O]B!^,%>PXD(>OIHSN%."PD"R!??+#<@^
MPG2K).6Y\(R1'AJ(AJH_7@:MX7IHC2Z2H]C@EK<N&J4Q[R@P51B47.!YJ77B
M.,[4ALM(FCRRD*S.331 &*5KL,PQINC7#MA'9-?P,_!??EIU\BSZ1I+US,S3
M=D6W[C6 1H5N$'FD\Q[$FNOJHW77E*<DV .EUVK:]V:]Q:352-IHX<:-HS9*
M/K:=%?G0F6A:P%>$O\T"AH@?SIC'#XS4#:9S/X2JYK\L9T". <9 0<\OU2*.
M*V_1V&^WFA<3WAU5AWT1H'OJ[=.A)'&*RBYO58$I8$ZFRU$EA;UYLQX#,QR5
MNJ_$?0.4"!R0]N=4[>L[)S:]+)@MNNKUJF1>UAC/@F!N?WZH.T0_)K@Z4T;,
M:2(7%A5J^TK5[&#+M$\(*T'Z(((LC52(G53!QM(-1>KK)EQR!%APGWP$"R<$
MY#GB4GRU?>Q;L@2GO%/2&ZV77T)9.D H_A]RR"=U>^;P(=!#.64@4 2(7 A7
MT^!BU=#QFK2(_"&US2,;[O!$S\9/=+2$0&3;CO6+[Y5>/H^2F\F T=E&AA'4
M4:<V.H3MR&P1#A2VW8F*\O:!GR8RQP0(9TM%Q4^KELBL DU[$KI[/WKX)PXS
M-KK61)B&A1:E]W'O:7V,G9$&U!R20.AQ%KQ$'$XX9.E_<VJ_N2SA^Q,\R_D)
M61XS(L9>!KP&F63V*-1?#O>,8,:PM6S&"=I ] +.$W4:[D,^*^5XYJZ["ZZU
MR]Q;5J?:D*)*8O?<T_WN1O?>V\-9(L;16I/;DF3F 59BF+*)?F,&1S1Y.P.7
M:J5B*=;"1)."(E1(;1Y!?\D?O\= )O*1(8^E8UG>698<S%@Z_7<_DJO4UG#J
M1=,RC;>G=0-J>ON':<6],7^Z%+$6#ARQAQQC(:0MWL[YFS^:3L7LVO;.$)<7
MHR-$0(T58$88&QB\GPB0YZ*<I#0VL!!I^>.FI223CB<]NS>@@8I .PQ^12*E
M4_J[;GP]),'LN# PL6% R#.(DVETW:@VSJ M(O-<LLJ8P&]+AB( (1'/#*!]
MM??+7[R34X%7VUD%^V4(Q6^V!^=#$WJ1W,"IJA2K:B\L-\H'KE,L%5^)#>D.
MDPXEJ:*S:.4-JQ;3L_RRC3>M)(FMX8E%+$^$G2TBYSHF8"S-ZN]+7GG:Q.TV
MJ, 8:=%2\1@*>ZIXO&/E@9K;VXF1[#+D?T/@Z@X?HG\Y^NN/14L!:4U)4W91
MV;\LZ#N&5JN$U7IGO?3GT"[7S.))ZONMXI-B"8?!=9BC@0V>! J+4B6.D-+A
M9&^]EG(4_J4.:]J>)KJJ*5!?,]_!@LIU&DLXI M1VG:YJ./#^ZCC+44=G]U'
M'6^--D!WFEKVYK@/.L?B)<R11V98J<3;8"/A&-: 7E?\,B!7%*2I%D,;#9!7
M2V-ZC02ATA,C/7U<<OI(*8DI'!IY6"<4YKYS"5%NX,*V+]0J.;I34&RI25K!
MP5-/M4HT=RQHN>0&C$338HE_&U[><_S\;3.;5Y,N%6AF:CRJB-7Z=#DX:=JR
M +NW*CC.?A3,!JUQE6%3%95M!WJ"Y ]M@VO%9F7(VG%SZ0P@S\B6!SB]OH>U
M8+)V!IQS(RV-$BK,WUQKE"89 AMRJAH[2$@5%DM 6$+:VF+V[OCM3BQ+>^^4
M<B(M$033V5[DTZ#06S$Y<>5B-:\WZ4;1&[S-)-VG+JV@6"0JFEJ!8QJ-3$6F
M3Q63S" _$?&$AD#NI.2;%Q?."3"DP4#_)L6"%TQ.9'PU]O\)W"@EQH'F,'(0
MP9YL$V]><*_R"4'#V54"LMGX!_+0_>PY)1GH5NH2-X3=\8AA8ZB:3;&J0$5%
M69..C%" E/S^0NR%^$43W1Z57COT1ZIRI@I"<PVD+A$AE2 DH,"<7[O+'G-N
ME&*+3FP0IT[T3X4JK& 0:/@R)2^X*-+O9 XY)1A'$]:_^V)D/_J;OX9/++0#
M#"_M3LZ[BEPL\L[%6/VHB1F#+_^'"OV)=XR.4&_0GI04'B=NUD4]):T-BC]O
M?/L6(2LOHD:8D49DS]GG!.?>8=@3.[(#N55U$\HFXE)9M_$HD)_M1EQP8/R5
M++\J-8??._,[AKK%%,8:,4L-HK(B!W$*Q)=+=80V4YYC*. QF#%"?UI_* F5
M(8@C>F1,?+ETG,M&WF?Y</VZ;DI\O=DDIU;@_P6;#$Z?P8_-U]7VH8[U-XO;
MMEE$S-GTWP;G^3YDL"7(<@<0BF2G6@%#G3_E?>'A1#ON\ [U%]QKH"S72U W
M1:%G<]/]@\9+A" -R:0.ZB!NP?J-YS!R(J!O\69Y5E:82"6IX96*+P3)37\+
MU,=+DCW ]I"B8E,)Z@TC?\I,LC/?GQ.]&,-+)?Q-&/.J/2[63"'4TS+$>5[.
MB9-"\.R\6J3W&K8;<F^86+N+G*+OUXW?!37?9@H3BH-3+8@.I)3AH7N[8)EG
M.840QE[0%B&9*06]A1ZQKB4](>Q6?2+]R$7\G_YD/_LN%A=0 O78PN/YPE7)
M3"E#D% ^ ^RYH8I62&4T00MB  <B\7FG]\;_@2=!.(N7(6KU7 5JS X)WTNC
M6_(]O85,&H7K"RB64D.^WK<J\'J+)([ETX$:4,'$)Y%MEA*56A1FGDT%]!;I
M*D&X^(W][%M_-"Z7,G,'#QX^"\33;+F0$JV6!/B6J[R34%-+BE'=!+V__A,&
M*PR"BX. & 8#)VNV 2+3_9H^@^%I]Z%2FQ1W=PFI^)I*W5 @%)E 9I/A*"ZY
M3<>L8E=X9RH[GM='Q7R/[1%!R!(=?T,Z6^./0#49+S(=\35Y>$0VU,9KC;6C
M8= PA,GF*H![LC.1NSXHN\V9-5\"[F$"Z68FIAR_B$F;:D^A#>"DE[2^O(7O
MWCCUD0S__PR73]Q#K@?(+NCPVHC0GO";EU,A$@3B5@&W(;5G>S: FY,U(\4
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MYQ*F/&)Y0P  *KY2&(W0Q1T/[?S?LJGWGM>X+;XE3CZS7/'9A#\#7Q]GL>I
MNS'EJ/0*OE $Q.'N(LBI2A-3;JB2 X908F4QI2Q5LS:,<@'(YAW+,L*MQVHW
MD[6.#21TQ[@(*4:. UC6<M6H:E(J9P^\3SBTH[!2P._W8J))+]FYYJA$5&AV
M_<;A1\LZ_JZK0R:909V@U.IPW>7Q:SPXBO!.'XD"3CK@^;I3G$ T;G$F,TRI
M-1=2&Y/F$C3MVJ1RU&:,KI:_SWTD?U]V"?Z^N[C?GDN\QQ#+MY:7](ABUEJE
M^^[P%8A3<!N35/,FST(.&+>Z_BOOB3UP&7?7QD!',K>CR.ZJ4= O]-8#HA\4
M3.#J=BUK-2=QC3PISTXCX7P:CV9U)YKJGMSMT'B[*I;Z6'R#&1&\_?FU-\ I
M"^#-+L9/'/YT^/V+'U_\]-Z]?IF]_]N+[.4_?OJ.SMF_?$%/N4X/^_*MU &[
MB58157"PNW^,<@G!/>-F7./[;6^OZS5Z-23[D[4V6DDOU9UDCQ&VI;1%Y #
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M>L*'[]H;:PSVA^CKLCSC4]:W80^M!&LMO^W<MXBCP,H,1=<CXI+R&:Z90>8
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M^_A#UN;7_0RJ!IBR6F<1F##0$+S$RTRNY,K%HK"C4K,)F* C\+HF-A: 4$V
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ML%<EG+<J1+&C@QHVXGEXHHH[[2"WJI-W/STUL"K[.J6B[WZ1#U_\_)8VX)^
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M4GX''X_W$"%OAQAI+2:>21O9K\C.=*Z)L^)_@7JG #G5DI6"+[Y)!]9!3@0
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M]3:%U!$=*V*-+@_#!)HG/**RZ*Z[D7M;EL3KY^)T@QSCYM H69Y7[W+JUVI
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MC,T$/8&]NI- <J"R:SV\A.<3 0R(+1N-K$N!T%B,@WB;]PEK@C9_*IMH_N\
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M5%$ZN;!N\]"@!3S#%F:0$IU7V22M7-0P**3%KK:JSIQ 'DKX8XS[.:QPRQ/
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M9FI.*0-0G-5N'DZCSLNW4C;Z[__^[T]W\"&F$V,H[ ^0J=WO V,B]8*>C\?
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M=NOF":L?X +L5[BQ5 B(6(T)8!M2:^0,G2H7NK_$G84GK =J;:/YS#IIESO
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ML'NR"IX:DZ34ER2KG/J8SOMY-HBFUJX<+&#YK.ZPPE+Y/:BM#LPZJW!\)8)
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M=/J5W'.UON=H@YW1N5@\+N\;NW_^T^2TL9E(&?!O(&ZYW_\%4$L! A0#%
M  @ G8OC6BQG:K8N!@  9R\  !               ( !     &)R=RTR,#(U
M,#<P,RYX<V102P$"% ,4    " "=B^-:;Q$FMRT'  #=2@  %
M    @ %<!@  8G)W+3(P,C4P-S S7V1E9BYX;6Q02P$"% ,4    " "=B^-:
M*\-H4Q0)  !):@  %               @ &[#0  8G)W+3(P,C4P-S S7VQA
M8BYX;6Q02P$"% ,4    " "=B^-:!IKLXM,&   X1P  %
M@ $!%P  8G)W+3(P,C4P-S S7W!R92YX;6Q02P$"% ,4    " "=B^-:CHRI
M_K5#   ]3P  $@              @ $&'@  9G P,#DT,3@W+3%?,#$N:G!G
M4$L! A0#%     @ G8OC6M]C6LK&.   P2$! !@              ( !ZV$
M &9P,# Y-#$X-RTQ7V5X.3DR.&(R+FAT;5!+ 0(4 Q0    ( )V+XUJ7'VM9
M% 8  !Y+   7              "  >>:  !F<# P.30Q.#<M,5]E>#DY,CAS
M+FAT;5!+ 0(4 Q0    ( )V+XUJC\UO=QE,# ,%Z$@ 7              "
M 3"A  !F<# P.30Q.#<M,5]N,FEX8G)L+FAT;5!+!08     "  ( !0"   K
%]0,    !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>21
<FILENAME>fp0094187-1_n2ixbrl_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:brw="http://sabacef.com/20250703"
  xmlns:cef="http://xbrl.sec.gov/cef/2025"
  xmlns:dei="http://xbrl.sec.gov/dei/2025"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:us-gaap="http://fasb.org/us-gaap/2025"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="brw-20250703.xsd" xlink:type="simple"/>
    <context id="AsOf2025-07-03">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_dei_BusinessContactMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="dei:EntityAddressesAddressTypeAxis">dei:BusinessContactMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-02-012025-04-30_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-02-01</startDate>
            <endDate>2025-04-30</endDate>
        </period>
    </context>
    <context id="From2024-11-012025-01-31_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-11-01</startDate>
            <endDate>2025-01-31</endDate>
        </period>
    </context>
    <context id="From2024-08-012024-10-31_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-01</startDate>
            <endDate>2024-10-31</endDate>
        </period>
    </context>
    <context id="From2024-05-012024-07-31_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-05-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="From2024-02-012024-04-30_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-02-01</startDate>
            <endDate>2024-04-30</endDate>
        </period>
    </context>
    <context id="From2023-11-012024-01-31_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-11-01</startDate>
            <endDate>2024-01-31</endDate>
        </period>
    </context>
    <context id="From2023-08-012023-10-31_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2023-10-31</endDate>
        </period>
    </context>
    <context id="From2023-05-012023-07-31_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-05-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="From2023-02-012023-04-30_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-02-01</startDate>
            <endDate>2023-04-30</endDate>
        </period>
    </context>
    <context id="AsOf2025-04-30_custom_CommonSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:CommonSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2025-04-30</instant>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_PreferredSharesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">brw:PreferredSharesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_ActiveManagementRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ActiveManagementRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_ActivistStrategiesRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ActivistStrategiesRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_BankLoansRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:BankLoansRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_CatastropheBondsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CatastropheBondsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_ClosedEndFundStructureRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ClosedEndFundStructureRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_CoInvestmentRestrictionsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CoInvestmentRestrictionsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_ConvertibleSecuritiesRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ConvertibleSecuritiesRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_CorporateBondsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CorporateBondsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_CounterpartyRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CounterpartyRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_CreditDefaultSwapsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CreditDefaultSwapsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_CreditRisksMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CreditRisksMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_CurrencyRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CurrencyRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_CybersecurityRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:CybersecurityRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DecisionMakingAuthorityRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DecisionMakingAuthorityRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DeflationRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DeflationRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DefensiveInvestingRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DefensiveInvestingRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DepositaryReceiptsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DepositaryReceiptsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DerivatesRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivatesRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DerivatesRiskFuturesContractsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivatesRiskFuturesContractsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DerivativesRiskOptionsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivativesRiskOptionsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DerivativesRiskRegulationMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivativesRiskRegulationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DerivativesRiskSwapsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DerivativesRiskSwapsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_DistressedAndDefaultedSecuritiesRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:DistressedAndDefaultedSecuritiesRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_EquitySecuritiesRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:EquitySecuritiesRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_EmergingMarketSecuritiesRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:EmergingMarketSecuritiesRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_ExchangeTradedFundETFRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ExchangeTradedFundETFRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_ForeignSecuritiesRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:ForeignSecuritiesRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_FrequentTradingRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:FrequentTradingRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_GovernmentInterventionsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:GovernmentInterventionsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_HedgingTransactionsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:HedgingTransactionsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_HighYieldInvestmentsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:HighYieldInvestmentsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_IlliquidInvestmentsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:IlliquidInvestmentsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_InflationRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InflationRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_InflationIndexedBondsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InflationIndexedBondsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_InformationTechnologySystemsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InformationTechnologySystemsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_InterestRatesRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InterestRatesRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_IssuerRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:IssuerRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_InvestmentCompanyActRegulationsRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:InvestmentCompanyActRegulationsRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_LegalTaxAndRegulatoryRisksMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:LegalTaxAndRegulatoryRisksMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <context id="From2025-07-032025-07-03_custom_LeverageRiskMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000826020</identifier>
            <segment>
                <xbrldi:explicitMember dimension="cef:RiskAxis">brw:LeverageRiskMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-07-03</startDate>
            <endDate>2025-07-03</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <unit id="Ratio">
        <measure>pure</measure>
    </unit>
    <dei:AmendmentFlag contextRef="AsOf2025-07-03" id="Fact000003">false</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey contextRef="AsOf2025-07-03" id="Fact000004">0000826020</dei:EntityCentralIndexKey>
    <dei:EntityWellKnownSeasonedIssuer contextRef="AsOf2025-07-03" id="xdx2ixbrl0044">No</dei:EntityWellKnownSeasonedIssuer>
    <dei:InvestmentCompanyActFileNumber contextRef="AsOf2025-07-03" id="Fact000010">811-05410</dei:InvestmentCompanyActFileNumber>
    <dei:DocumentType contextRef="AsOf2025-07-03" id="Fact000011">N-2</dei:DocumentType>
    <dei:EntityInvCompanyType contextRef="AsOf2025-07-03" id="Fact000012">N-2</dei:EntityInvCompanyType>
    <dei:DocumentRegistrationStatement contextRef="AsOf2025-07-03" id="Fact000013">true</dei:DocumentRegistrationStatement>
    <dei:InvestmentCompanyActRegistration contextRef="AsOf2025-07-03" id="Fact000014">true</dei:InvestmentCompanyActRegistration>
    <dei:InvestmentCompanyRegistrationAmendment contextRef="AsOf2025-07-03" id="Fact000015">false</dei:InvestmentCompanyRegistrationAmendment>
    <dei:EntityRegistrantName contextRef="AsOf2025-07-03" id="Fact000016">Saba Capital Income &amp; Opportunities Fund</dei:EntityRegistrantName>
    <dei:EntityAddressAddressLine1 contextRef="AsOf2025-07-03" id="Fact000017">405 Lexington Avenue</dei:EntityAddressAddressLine1>
    <dei:EntityAddressAddressLine2 contextRef="AsOf2025-07-03" id="Fact000018">58th Floor</dei:EntityAddressAddressLine2>
    <dei:EntityAddressCityOrTown contextRef="AsOf2025-07-03" id="Fact000019">New York</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="AsOf2025-07-03" id="Fact000020">NY</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="AsOf2025-07-03" id="Fact000021">10174</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="AsOf2025-07-03" id="Fact000022">212</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="AsOf2025-07-03" id="Fact000023">542-4644</dei:LocalPhoneNumber>
    <dei:ContactPersonnelName
      contextRef="From2025-07-032025-07-03_dei_BusinessContactMember"
      id="Fact000024">Michael D&#x2019;Angelo</dei:ContactPersonnelName>
    <dei:EntityAddressAddressLine1
      contextRef="From2025-07-032025-07-03_dei_BusinessContactMember"
      id="Fact000025">405 Lexington Avenue</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown
      contextRef="From2025-07-032025-07-03_dei_BusinessContactMember"
      id="Fact000026">New York</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="From2025-07-032025-07-03_dei_BusinessContactMember"
      id="Fact000027">NY</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="From2025-07-032025-07-03_dei_BusinessContactMember"
      id="Fact000028">10174</dei:EntityAddressPostalZipCode>
    <dei:ApproximateDateOfCommencementOfProposedSaleToThePublic contextRef="AsOf2025-07-03" id="Fact000029">From time to time after the effective date of this Registration Statement.</dei:ApproximateDateOfCommencementOfProposedSaleToThePublic>
    <dei:DividendOrInterestReinvestmentPlanOnly contextRef="AsOf2025-07-03" id="Fact000030">false</dei:DividendOrInterestReinvestmentPlanOnly>
    <dei:DelayedOrContinuousOffering contextRef="AsOf2025-07-03" id="Fact000031">false</dei:DelayedOrContinuousOffering>
    <cef:PrimaryShelfFlag contextRef="AsOf2025-07-03" id="Fact000032">true</cef:PrimaryShelfFlag>
    <dei:EffectiveUponFiling462e contextRef="AsOf2025-07-03" id="Fact000033">false</dei:EffectiveUponFiling462e>
    <dei:AdditionalSecuritiesEffective413b contextRef="AsOf2025-07-03" id="Fact000034">false</dei:AdditionalSecuritiesEffective413b>
    <dei:EffectiveWhenDeclaredSection8c contextRef="AsOf2025-07-03" id="Fact000035">false</dei:EffectiveWhenDeclaredSection8c>
    <dei:NewEffectiveDateForPreviousFiling contextRef="AsOf2025-07-03" id="Fact000036">false</dei:NewEffectiveDateForPreviousFiling>
    <dei:AdditionalSecurities462b contextRef="AsOf2025-07-03" id="Fact000037">false</dei:AdditionalSecurities462b>
    <dei:NoSubstantiveChanges462c contextRef="AsOf2025-07-03" id="Fact000038">false</dei:NoSubstantiveChanges462c>
    <dei:ExhibitsOnly462d contextRef="AsOf2025-07-03" id="Fact000039">false</dei:ExhibitsOnly462d>
    <cef:RegisteredClosedEndFundFlag contextRef="AsOf2025-07-03" id="Fact000040">true</cef:RegisteredClosedEndFundFlag>
    <cef:BusinessDevelopmentCompanyFlag contextRef="AsOf2025-07-03" id="Fact000041">false</cef:BusinessDevelopmentCompanyFlag>
    <cef:IntervalFundFlag contextRef="AsOf2025-07-03" id="Fact000042">false</cef:IntervalFundFlag>
    <cef:PrimaryShelfQualifiedFlag contextRef="AsOf2025-07-03" id="Fact000043">true</cef:PrimaryShelfQualifiedFlag>
    <dei:EntityEmergingGrowthCompany contextRef="AsOf2025-07-03" id="Fact000045">false</dei:EntityEmergingGrowthCompany>
    <cef:NewCefOrBdcRegistrantFlag contextRef="AsOf2025-07-03" id="Fact000046">false</cef:NewCefOrBdcRegistrantFlag>
    <cef:ShareholderTransactionExpensesTableTextBlock contextRef="AsOf2025-07-03" id="Fact000048">&lt;p id="xdx_A86_ecef--ShareholderTransactionExpensesTableTextBlock_gRBSTETTB-KTT_zxjwbkrffNQ9" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
  &lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 87%"&gt;&lt;b&gt;Shareholder Transaction Expenses&lt;/b&gt;&lt;/td&gt;
    &lt;td style="width: 13%; text-align: right"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: Gainsboro"&gt;
    &lt;td style="padding-left: 10pt"&gt;Sales load paid by you (&lt;span id="xdx_90E_ecef--BasisOfTransactionFeesNoteTextBlock_c20250703__20250703_zMWvhjoBnjO1"&gt;as a percentage of offering price&lt;/span&gt;)&lt;sup&gt;(1)&lt;/sup&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;[&lt;span id="xdx_903_ecef--SalesLoadPercent_dp_c20250703__20250703_fKDEp_zlLBayD11pC9"&gt;3.00%&lt;/span&gt;]&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: White"&gt;
    &lt;td style="padding-left: 10pt"&gt;Offering expenses borne by the Fund (as a percentage of offering price)&lt;sup&gt;(1)&lt;/sup&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;span id="xdx_901_ecef--OtherTransactionExpensesPercent_dpn_c20250703__20250703_fKDEp_zDdIlQjck5C9"&gt;None&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: Gainsboro"&gt;
    &lt;td style="padding-left: 10pt"&gt;Reinvestment Program fees&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;span id="xdx_90C_ecef--OtherTransactionExpense1Percent_c20250703__20250703_fKDIp_zUCbQoCNUfmd"&gt;0.01%&lt;/span&gt;&lt;sup&gt;(2)&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: White"&gt;
    &lt;td style="padding-left: 10pt"&gt;Reinvestment Program sale transaction fee&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;span id="xdx_90B_ecef--OtherTransactionExpense2Percent_dp_c20250703__20250703_fKDIp_zW70N6XpvCZj"&gt;3&lt;/span&gt; cents per share&lt;sup&gt;(2)&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;div&gt;
&lt;table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td id="xdx_F09_z8wV4MDNJktk" style="width: 27pt"&gt;(1)&lt;/td&gt;&lt;td id="xdx_F18_zz7mRVFvJIb5" style="text-align: justify"&gt;If the common shares are sold to or through underwriters, the Prospectus Supplement will set forth any
applicable sales load and the estimated offering expenses. Fund shareholders will pay all offering expenses involved with an offering.&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: -27pt"&gt;&#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td id="xdx_F0B_zqUPEs1gtJdb" style="width: 27pt"&gt;(2)&lt;/td&gt;&lt;td id="xdx_F14_zWaZFpYa5Xm3" style="text-align: justify"&gt;The Program Administrator&#x2019;s (as defined below under &#x201c;Reinvestment Program&#x201d;) fees for
the handling of the reinvestment of dividends will be paid by the Fund. However, you will pay a 3 cents per share fee incurred in connection
with open-market purchases, which will be deducted from the value of the dividend. You will not be charged a sales fee if you direct the
Program Administrator to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage
commissions the Program Administrator is required to pay..&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</cef:ShareholderTransactionExpensesTableTextBlock>
    <cef:BasisOfTransactionFeesNoteTextBlock contextRef="AsOf2025-07-03" id="Fact000049">as a percentage of offering price</cef:BasisOfTransactionFeesNoteTextBlock>
    <cef:SalesLoadPercent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000050"
      unitRef="Ratio">0.0300</cef:SalesLoadPercent>
    <cef:OtherTransactionExpensesPercent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000051"
      unitRef="Ratio">0</cef:OtherTransactionExpensesPercent>
    <cef:OtherTransactionExpense1Percent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000052"
      unitRef="Ratio">0.0001</cef:OtherTransactionExpense1Percent>
    <cef:OtherTransactionExpense2Percent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000053"
      unitRef="Ratio">0.03</cef:OtherTransactionExpense2Percent>
    <cef:AnnualExpensesTableTextBlock contextRef="AsOf2025-07-03" id="Fact000056">&lt;p id="xdx_A84_ecef--AnnualExpensesTableTextBlock_gRBAETTB-WDDC_zlB8o2KIkFkf" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;
&lt;table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
  &lt;tr style="vertical-align: top; background-color: Gainsboro"&gt;
    &lt;td style="width: 87%"&gt;&lt;b&gt;Estimated Annual Expenses&lt;/b&gt; (as a percentage of net assets attributable to common shares)&lt;/td&gt;
    &lt;td style="text-align: right; width: 13%"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: White"&gt;
    &lt;td style="padding-left: 10pt"&gt;Management Fees&lt;sup&gt;(3)(4)&lt;/sup&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;span id="xdx_90A_ecef--ManagementFeesPercent_dp_c20250703__20250703_fKDMpKDQp_zqkN20NWZree"&gt;1.05%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: Gainsboro"&gt;
    &lt;td style="padding-left: 10pt"&gt;Interest Payments on Borrowed Funds&lt;sup&gt;(5)&lt;/sup&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;span id="xdx_909_ecef--InterestExpensesOnBorrowingsPercent_dp_c20250703__20250703_fKDUp_zeU7X6wEdjth"&gt;3.79%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: White"&gt;
    &lt;td style="padding-left: 10pt"&gt;Other Expenses&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;span id="xdx_90C_ecef--OtherAnnualExpensesPercent_dp_c20250703__20250703_zUV4vUxgoWj9"&gt;1.04%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: Gainsboro"&gt;
    &lt;td style="padding-left: 10pt"&gt;Acquired Fund Fees and Expenses&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;span id="xdx_908_ecef--AcquiredFundFeesAndExpensesPercent_dp_c20250703__20250703_zjP4w7Fl6bJg"&gt;1.05%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: White"&gt;
    &lt;td style="padding-left: 10pt"&gt;Total Annual Expenses&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;span id="xdx_902_ecef--TotalAnnualExpensesPercent_dp_c20250703__20250703_zkss29JktcG1"&gt;6.93%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: Gainsboro"&gt;
    &lt;td style="padding-bottom: 1pt; padding-left: 10pt"&gt;Fee Waivers and/or Expense Reimbursements&lt;sup&gt;(4)&lt;/sup&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;span id="xdx_905_ecef--WaiversAndReimbursementsOfFeesPercent_dp_c20250703__20250703_zrIZQBc5juK"&gt;-0.38%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: White"&gt;
    &lt;td style="padding-left: 10pt"&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: Gainsboro"&gt;
    &lt;td style="padding-bottom: 2.5pt; padding-left: 10pt"&gt;Total Annual Expenses after Fee Waivers and/or Expense Reimbursements&lt;sup&gt;(4)&lt;/sup&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.5pt double; text-align: right"&gt;&lt;span style="text-decoration-style: double"&gt;&lt;span id="xdx_907_ecef--NetExpenseOverAssetsPercent_iT_dp_c20250703__20250703_fKDQp_zcymTrybotMh"&gt;6.55%&lt;/span&gt;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;/table&gt;
&lt;div&gt;
&lt;table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td id="xdx_F0C_zyvyIewsOCQd" style="width: 27pt"&gt;(3)&lt;/td&gt;&lt;td id="xdx_F1B_z8bs4q74JJW8" style="text-align: justify"&gt;The Fund currently pays the Adviser a monthly fee at an annual contractual investment management fee rate
of 1.05% of the average daily value of the Fund&#x2019;s Managed Assets. For purposes of calculating these fees, &#x201c;Managed Assets&#x201d;
means the Fund&#x2019;s average daily gross asset value, minus the sum of the Fund&#x2019;s accrued and unpaid dividends on any outstanding
preferred shares and accrued liabilities (other than liabilities for the principal amount of any borrowings incurred, commercial paper
or notes issued by the Fund and the liquidation preference of any outstanding preferred shares).&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: -27pt"&gt;&#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td id="xdx_F01_z9qRwKzhkBu" style="width: 27pt"&gt;(4)&lt;/td&gt;&lt;td id="xdx_F1E_zyUhlaGjwORe" style="text-align: justify"&gt;The Fund and the Adviser have entered into an expense limitation agreement (the &#x201c;Expense Limitation
Agreement&#x201d;), pursuant to which the Adviser has contractually agreed to limit expenses, excluding interest, taxes, investor relations
services, other investment-related costs, leverage expenses, extraordinary expenses, other expenses not incurred in the ordinary course
of the Fund&#x2019;s business, and expenses of counsel or other persons or services retained by the Fund&#x2019;s trustees who are not interested
persons, to 1.05% of Managed Assets plus 0.30% of average daily net assets. For the year ended October 31, 2024, $982,139 of fees were
waived and reimbursed. The Adviser may, at a later date, recoup from the Fund the fees waived and/or other expenses reimbursed by the
Adviser during the previous 36 months, but only if, after such recoupment, the Fund&#x2019;s expense ratio does not exceed the percentage
described above. For the year ended October 31, 2024, none of the fees were recouped. The current Expense Limitation Agreement will expire
on July 1, 2025 and automatically renews for one-year terms. Termination or modification of the Expense Limitation Agreement requires
approval of the Board.&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div&gt;
&lt;table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td id="xdx_F0E_zVZYtobtNiv4" style="width: 27pt"&gt;(5)&lt;/td&gt;&lt;td id="xdx_F10_zlxWw0l2fI42" style="text-align: justify"&gt;The Fund has entered into a $125 million Credit Facility with TD Bank effective on July 20, 2021 (the
&#x201c;Facility&#x201d;) which matures on January 20, 2026. As of April 30, 2025, the Fund had $45 million outstanding drawn under the
Facility.&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</cef:AnnualExpensesTableTextBlock>
    <cef:ManagementFeesPercent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000057"
      unitRef="Ratio">0.0105</cef:ManagementFeesPercent>
    <cef:InterestExpensesOnBorrowingsPercent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000058"
      unitRef="Ratio">0.0379</cef:InterestExpensesOnBorrowingsPercent>
    <cef:OtherAnnualExpensesPercent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000059"
      unitRef="Ratio">0.0104</cef:OtherAnnualExpensesPercent>
    <cef:AcquiredFundFeesAndExpensesPercent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000060"
      unitRef="Ratio">0.0105</cef:AcquiredFundFeesAndExpensesPercent>
    <cef:TotalAnnualExpensesPercent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000061"
      unitRef="Ratio">0.0693</cef:TotalAnnualExpensesPercent>
    <cef:WaiversAndReimbursementsOfFeesPercent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000062"
      unitRef="Ratio">-0.0038</cef:WaiversAndReimbursementsOfFeesPercent>
    <cef:NetExpenseOverAssetsPercent
      contextRef="AsOf2025-07-03"
      decimals="INF"
      id="Fact000063"
      unitRef="Ratio">0.0655</cef:NetExpenseOverAssetsPercent>
    <cef:ExpenseExampleTableTextBlock contextRef="AsOf2025-07-03" id="Fact000069">&lt;p id="xdx_A85_ecef--ExpenseExampleTableTextBlock_zUP4ABn8l852" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The following example illustrates the expenses, assuming a sales
load of 3.00% that you would pay on a $1,000 investment in common shares, assuming (i) total net annual expenses of 6.55% of net assets
attributable to common shares, and (ii) a 5% annual return:&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
  &lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 40%; text-align: center"&gt;&#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"&gt;&lt;b&gt;One Year&lt;/b&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"&gt;&lt;b&gt;Three Years&lt;/b&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"&gt;&lt;b&gt;Five Years&lt;/b&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; width: 15%; text-align: center"&gt;&lt;b&gt;Ten Years&lt;/b&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: Gainsboro"&gt;
    &lt;td&gt;Total expenses incurred&lt;/td&gt;
    &lt;td style="text-align: right"&gt;$&lt;span id="xdx_900_ecef--ExpenseExampleYear01_c20250703__20250703_zwllX4AS8NKb"&gt;93&lt;/span&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;$&lt;span id="xdx_907_ecef--ExpenseExampleYears1to3_c20250703__20250703_zvmO8yTojsoe"&gt;223&lt;/span&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;$&lt;span id="xdx_901_ecef--ExpenseExampleYears1to5_c20250703__20250703_zAdnadPawho4"&gt;348&lt;/span&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;$&lt;span id="xdx_90C_ecef--ExpenseExampleYears1to10_c20250703__20250703_zd2J2rw75Itd"&gt;641&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;/table&gt;
&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;The example should not be considered a representation
of future expenses. The example assumes that the estimated &#x201c;Other Expenses&#x201d; set forth in the Estimated Annual Expenses table
are accurate and that all dividends and distributions are reinvested at NAV. Actual expenses may be greater or less than those assumed.
Moreover, the Fund&#x2019;s actual rate of return may be greater or less than the hypothetical 5% return shown in the example.&lt;/b&gt;&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;/p&gt;

</cef:ExpenseExampleTableTextBlock>
    <cef:ExpenseExampleYear01
      contextRef="AsOf2025-07-03"
      decimals="0"
      id="Fact000070"
      unitRef="USD">93</cef:ExpenseExampleYear01>
    <cef:ExpenseExampleYears1to3
      contextRef="AsOf2025-07-03"
      decimals="0"
      id="Fact000071"
      unitRef="USD">223</cef:ExpenseExampleYears1to3>
    <cef:ExpenseExampleYears1to5
      contextRef="AsOf2025-07-03"
      decimals="0"
      id="Fact000072"
      unitRef="USD">348</cef:ExpenseExampleYears1to5>
    <cef:ExpenseExampleYears1to10
      contextRef="AsOf2025-07-03"
      decimals="0"
      id="Fact000073"
      unitRef="USD">641</cef:ExpenseExampleYears1to10>
    <cef:CapitalStockTableTextBlock contextRef="AsOf2025-07-03" id="Fact000074">&lt;p id="xdx_A8D_ecef--CapitalStockTableTextBlock_zC3xJ7VPa5Zj" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify"&gt;DESCRIPTION OF
SHARES&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;span id="xdx_908_ecef--SecurityTitleTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z97CIGzogd89"&gt;Common Shares&lt;/span&gt;&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is a business trust formed under the
laws of the Commonwealth of Massachusetts and governed by the Declaration of Trust. The Fund is authorized to issue an unlimited number
of common shares of beneficial interest, without par value. &lt;span id="xdx_906_ecef--SecurityVotingRightsTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAdiUoAi8Nsj"&gt;Each common share has one vote&lt;/span&gt; and, when issued and paid for in accordance
with the terms of this offering, will be fully paid and the purchasers of the common shares will have no obligation to make further payments
for the purchase of the common shares or contributions to the Fund solely by reason of their ownership of the common shares, except that
the Board of Trustees of the Fund (the &#x201c;Board&#x201d;) shall have the power to cause shareholders to pay certain expenses of the
Fund by setting off charges due from shareholders from declared but unpaid dividends or distributions owed the shareholders and/or by
reducing the number of common shares owned by each respective shareholder. Shareholders are entitled to one vote for each share held.
When preferred shares are outstanding, the holders of common shares will not be entitled to receive any distributions from the Fund unless
all accrued dividends on preferred shares have been paid, unless asset coverage (as defined in the Investment Company Act) with respect
to preferred shares would be at least 200% after giving effect to the distributions and unless certain other requirements imposed by any
rating agencies rating the preferred shares have been met. See &#x201c;Description of Shares&#x2014;Preferred Shares&#x201d; in the SAI.
&lt;span id="xdx_902_ecef--SecurityPreemptiveAndOtherRightsTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zJvrER1XAuK7"&gt;All common shares are equal as to dividends, assets and voting privileges and have no conversion, preemptive or other subscription rights.&lt;/span&gt;
The Fund will send annual and semi-annual reports, including financial statements, to all holders of its shares.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Unlike open-end funds, closed-end funds like the
Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy additional common
shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise. Because the market
value of the common shares may be influenced by such factors as dividend levels (which are in turn affected by expenses), call protection
on its portfolio securities, dividend stability, portfolio credit quality, the Fund&#x2019;s NAV, relative demand for and supply of such
shares in the market, general market and economic conditions and other factors beyond the control of the Fund, the Fund cannot assure
you that its common shares will trade at a price equal to or higher than NAV in the future. The common shares are designed primarily for
long-term investors and you should not purchase the common shares if you intend to sell them soon after purchase. See &#x201c;Repurchase
of Common Shares&#x201d; below and &#x201c;Repurchase of Common Shares&#x201d; in the SAI.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund&#x2019;s outstanding common shares are,
and when issued, the common shares offered by this Prospectus will be, publicly held and listed and traded on the NYSE under the symbol
&#x201c;BRW.&#x201d; The Fund determines its NAV on a daily basis as of the close of the regular trading session. The following table sets
forth, for the quarters indicated, the highest and lowest daily closing prices on the NYSE per common share, and the NAV per common share
and the premium to or discount from NAV, on the date of each of the high and low market prices. The table also sets forth the number of
common shares traded on the NYSE during the respective quarters.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;
&lt;div&gt;
&lt;div id="xdx_98D_ecef--SharePriceTableTextBlock_c20250703__20250703_zK8NHZX18Nbk"&gt;
&lt;table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"&gt;
  &lt;tr style="vertical-align: bottom"&gt;




&lt;td style="padding-bottom: 1pt; text-align: justify"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="6" style="border-bottom: Black 1pt solid; text-align: center"&gt;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;NYSE
                                            Market Price&lt;/b&gt;&lt;/p&gt; &lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Per
                                            Common Share&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;&lt;span style="font-size: 11pt"&gt;&lt;b&gt;NAV per Common Share on Date of Market Price&lt;/b&gt;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;&lt;span style="font-size: 11pt"&gt;&lt;b&gt;Premium/ (Discount) on Date of Market Price&lt;/b&gt;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Trading&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="padding-bottom: 1pt; font-weight: bold; text-align: justify"&gt;During Quarter Ended&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;High&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Low&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;High&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Low&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;High&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Low&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Volume&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="width: 27%; text-align: justify"&gt;April 30, 2025&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_986_ecef--HighestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z42DMpaN7im3" style="width: 7%; text-align: right"&gt;7.99&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_986_ecef--LowestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3LJCDIF64mg" style="width: 7%; text-align: right"&gt;6.91&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zORMJF78Zv96" style="width: 7%; text-align: right"&gt;8.60&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBofBVzJ8png" style="width: 7%; text-align: right"&gt;7.71&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_981_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_znFJhAME14wc" style="width: 7%; text-align: right"&gt;-7.09&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;%&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_982_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZnJjk6PLSrk" style="width: 7%; text-align: right"&gt;-10.38&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;%&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 10%; text-align: right"&gt;10,418,727&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="text-align: justify"&gt;January 31, 2025&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKaxIsmXuG1a" style="text-align: right"&gt;8.04&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_986_ecef--LowestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0UCbbCFFPS6" style="text-align: right"&gt;7.42&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98A_ecef--HighestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zCbeHRa2UnPe" style="text-align: right"&gt;8.70&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_983_ecef--LowestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zY4bkyB0QfBk" style="text-align: right"&gt;7.99&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_983_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTjL6NhQTMca" style="text-align: right"&gt;-7.59&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0xsDaxtdaR3" style="text-align: right"&gt;-7.11&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;14,169,483&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="text-align: justify"&gt;October 31, 2024&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_985_ecef--HighestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTlDB9Enzht6" style="text-align: right"&gt;7.59&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_986_ecef--LowestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zIiJK3AIrLR9" style="text-align: right"&gt;7.21&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zinfGv82qmk8" style="text-align: right"&gt;8.15&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_988_ecef--LowestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNzkfwM37Bkd" style="text-align: right"&gt;7.91&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98C_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqsX4bkI5wvl" style="text-align: right"&gt;-6.87&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zfVIljTpCUV9" style="text-align: right"&gt;-8.88&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;8,213,688&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="text-align: justify"&gt;July 31, 2024&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98A_ecef--HighestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z5XN7p4L9Ylb" style="text-align: right"&gt;7.40&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_989_ecef--LowestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zyceR8dVoGJ" style="text-align: right"&gt;6.86&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98D_ecef--HighestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zsGqSKMgww7h" style="text-align: right"&gt;8.02&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zu7UVKigVnIl" style="text-align: right"&gt;7.53&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_988_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zWQzKZe09jZ4" style="text-align: right"&gt;-7.73&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98B_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmEsvo12dcw1" style="text-align: right"&gt;-8.90&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;9,060,434&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="text-align: justify"&gt;April 30, 2024&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98C_ecef--HighestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3cwJhAxVJ94" style="text-align: right"&gt;7.63&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z4vaPMnC2dSj" style="text-align: right"&gt;7.02&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zHty0ae3EmMj" style="text-align: right"&gt;8.21&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zn1xDzFJujSb" style="text-align: right"&gt;7.83&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_986_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zEI7kgGpbKAl" style="text-align: right"&gt;-7.06&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNKAyvmjVGNj" style="text-align: right"&gt;-10.57&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;11,197,324&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="text-align: justify"&gt;January 31, 2024&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_980_ecef--HighestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZt0NwwSvT8k" style="text-align: right"&gt;7.94&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98A_ecef--LowestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zkmEsnZrTux7" style="text-align: right"&gt;7.31&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_ztb4qo543eLc" style="text-align: right"&gt;8.64&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_989_ecef--LowestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNQj6sEzs6W3" style="text-align: right"&gt;8.00&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98E_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zpbqbi4NTeN9" style="text-align: right"&gt;-8.10&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_983_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zSOJtf5clT33" style="text-align: right"&gt;-8.63&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;10,650,851&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="text-align: justify"&gt;October 31, 2023&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_989_ecef--HighestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0BrWLRHdFg4" style="text-align: right"&gt;8.04&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zw41DQ9sjtB9" style="text-align: right"&gt;7.18&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--HighestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zV6U7s8EpGsf" style="text-align: right"&gt;8.72&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_981_ecef--LowestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAo1qzoJrlNd" style="text-align: right"&gt;8.15&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98F_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zMd7UIQDaOkj" style="text-align: right"&gt;-7.80&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_988_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z8h5rfa6U5Ol" style="text-align: right"&gt;-11.90&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;8,507,684&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="text-align: justify"&gt;July 31, 2023&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKkqv7wl2i76" style="text-align: right"&gt;8.10&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_981_ecef--LowestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z2oLWuVmTV09" style="text-align: right"&gt;7.61&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBiUB7TH4boi" style="text-align: right"&gt;8.76&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZtYFh3znyPg" style="text-align: right"&gt;8.35&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_982_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zvZm5LqGPXql" style="text-align: right"&gt;-7.53&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_981_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmz4yINV3lZ8" style="text-align: right"&gt;-8.86&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;8,045,549&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="text-align: justify"&gt;April 30, 2023&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--HighestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zaQvlouMKxoc" style="text-align: right"&gt;8.42&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_988_ecef--LowestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqQrC1JfYYtl" style="text-align: right"&gt;7.66&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98E_ecef--HighestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zxaqcGF21psg" style="text-align: right"&gt;9.14&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zbiG0SjrKdk1" style="text-align: right"&gt;8.60&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;

&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98D_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zo2kShvt1a6d" style="text-align: right"&gt;-7.93&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zRNjkjTUFhqa" style="text-align: right"&gt;-10.93&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;6,926,864&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;As of April 30, 2025, the NAV per common share
of the Fund was $&lt;span id="xdx_903_eus-gaap--NetAssetValuePerShare_iI_c20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_za5B8X5Rxp31"&gt;8.09&lt;/span&gt; and the market price per common share was $&lt;span id="xdx_90D_eus-gaap--SharePrice_iI_c20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zLLC1d4FPhi7"&gt;7.68&lt;/span&gt;, representing a premium/discount to NAV of &lt;span id="xdx_909_ecef--LatestPremiumDiscountToNavPercent_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zcKf0COhEAFf"&gt;-5.07%&lt;/span&gt;. Common shares
of the Fund have historically traded at both a premium and discount to NAV.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;As of April 30, 2025, the Fund has $42,529,493.52
common shares outstanding.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;span id="xdx_908_ecef--SecurityTitleTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--PreferredSharesMember_zWL5xBS5Ywo9"&gt;Preferred Shares&lt;/span&gt;&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Declaration of Trust provides that the Board
may authorize and issue preferred shares, with rights as determined by the Board, by action of the Board without the approval of the holders
of the common shares. Holders of common shares have no preemptive right to purchase any preferred shares that might be issued. The Fund
does not currently intend to issue preferred shares.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Under the Investment Company Act, the Fund is
not permitted to issue preferred shares unless immediately after such issuance the value of the Fund&#x2019;s total assets is at least
200% of the liquidation value of the outstanding preferred shares (i.e., the liquidation value may not exceed 50% of the Fund&#x2019;s
total assets). In addition, the Fund is not permitted to declare any cash dividend or other distribution on its common shares unless,
at the time of such declaration, the value of the Fund&#x2019;s total assets is at least 200% of such liquidation value. If the Fund issues
preferred shares, it may be subject to restrictions imposed by the guidelines of one or more rating agencies that may issue ratings for
preferred shares issued by the Fund. These guidelines may impose asset coverage or portfolio composition requirements that are more stringent
than those imposed on the Fund by the Investment Company Act. It is not anticipated that these covenants or guidelines would impede the
Adviser from managing the Fund&#x2019;s portfolio in accordance with the Fund&#x2019;s investment objectives and policies. Please see &#x201c;Description
of Shares&#x201d; in the SAI for more information.&lt;/p&gt;

</cef:CapitalStockTableTextBlock>
    <cef:SecurityTitleTextBlock
      contextRef="From2025-07-032025-07-03_custom_CommonSharesMember"
      id="Fact000075">Common Shares</cef:SecurityTitleTextBlock>
    <cef:SecurityVotingRightsTextBlock
      contextRef="From2025-07-032025-07-03_custom_CommonSharesMember"
      id="Fact000076">Each common share has one vote</cef:SecurityVotingRightsTextBlock>
    <cef:SecurityPreemptiveAndOtherRightsTextBlock
      contextRef="From2025-07-032025-07-03_custom_CommonSharesMember"
      id="Fact000077">All common shares are equal as to dividends, assets and voting privileges and have no conversion, preemptive or other subscription rights.</cef:SecurityPreemptiveAndOtherRightsTextBlock>
    <cef:SharePriceTableTextBlock contextRef="AsOf2025-07-03" id="Fact000078">
&lt;table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"&gt;
  &lt;tr style="vertical-align: bottom"&gt;




&lt;td style="padding-bottom: 1pt; text-align: justify"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="6" style="border-bottom: Black 1pt solid; text-align: center"&gt;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;NYSE
                                            Market Price&lt;/b&gt;&lt;/p&gt; &lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Per
                                            Common Share&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;&lt;span style="font-size: 11pt"&gt;&lt;b&gt;NAV per Common Share on Date of Market Price&lt;/b&gt;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;&lt;span style="font-size: 11pt"&gt;&lt;b&gt;Premium/ (Discount) on Date of Market Price&lt;/b&gt;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Trading&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="padding-bottom: 1pt; font-weight: bold; text-align: justify"&gt;During Quarter Ended&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;High&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Low&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;High&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Low&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;High&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Low&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"&gt;Volume&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="width: 27%; text-align: justify"&gt;April 30, 2025&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_986_ecef--HighestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z42DMpaN7im3" style="width: 7%; text-align: right"&gt;7.99&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_986_ecef--LowestPriceOrBid_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3LJCDIF64mg" style="width: 7%; text-align: right"&gt;6.91&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zORMJF78Zv96" style="width: 7%; text-align: right"&gt;8.60&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBofBVzJ8png" style="width: 7%; text-align: right"&gt;7.71&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_981_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_znFJhAME14wc" style="width: 7%; text-align: right"&gt;-7.09&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;%&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_982_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20250201__20250430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZnJjk6PLSrk" style="width: 7%; text-align: right"&gt;-10.38&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;%&lt;/td&gt;&lt;td style="width: 1%"&gt;&#160;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="width: 10%; text-align: right"&gt;10,418,727&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="text-align: justify"&gt;January 31, 2025&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKaxIsmXuG1a" style="text-align: right"&gt;8.04&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_986_ecef--LowestPriceOrBid_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0UCbbCFFPS6" style="text-align: right"&gt;7.42&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98A_ecef--HighestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zCbeHRa2UnPe" style="text-align: right"&gt;8.70&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_983_ecef--LowestPriceOrBidNav_pid_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zY4bkyB0QfBk" style="text-align: right"&gt;7.99&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_983_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTjL6NhQTMca" style="text-align: right"&gt;-7.59&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20241101__20250131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0xsDaxtdaR3" style="text-align: right"&gt;-7.11&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;14,169,483&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="text-align: justify"&gt;October 31, 2024&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_985_ecef--HighestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zTlDB9Enzht6" style="text-align: right"&gt;7.59&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_986_ecef--LowestPriceOrBid_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zIiJK3AIrLR9" style="text-align: right"&gt;7.21&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zinfGv82qmk8" style="text-align: right"&gt;8.15&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_988_ecef--LowestPriceOrBidNav_pid_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNzkfwM37Bkd" style="text-align: right"&gt;7.91&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98C_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqsX4bkI5wvl" style="text-align: right"&gt;-6.87&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240801__20241031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zfVIljTpCUV9" style="text-align: right"&gt;-8.88&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;8,213,688&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="text-align: justify"&gt;July 31, 2024&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98A_ecef--HighestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z5XN7p4L9Ylb" style="text-align: right"&gt;7.40&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_989_ecef--LowestPriceOrBid_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zyceR8dVoGJ" style="text-align: right"&gt;6.86&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98D_ecef--HighestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zsGqSKMgww7h" style="text-align: right"&gt;8.02&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98D_ecef--LowestPriceOrBidNav_pid_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zu7UVKigVnIl" style="text-align: right"&gt;7.53&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_988_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zWQzKZe09jZ4" style="text-align: right"&gt;-7.73&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98B_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240501__20240731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmEsvo12dcw1" style="text-align: right"&gt;-8.90&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;9,060,434&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="text-align: justify"&gt;April 30, 2024&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98C_ecef--HighestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z3cwJhAxVJ94" style="text-align: right"&gt;7.63&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBid_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z4vaPMnC2dSj" style="text-align: right"&gt;7.02&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_983_ecef--HighestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zHty0ae3EmMj" style="text-align: right"&gt;8.21&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidNav_pid_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zn1xDzFJujSb" style="text-align: right"&gt;7.83&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_986_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zEI7kgGpbKAl" style="text-align: right"&gt;-7.06&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20240201__20240430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNKAyvmjVGNj" style="text-align: right"&gt;-10.57&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;11,197,324&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="text-align: justify"&gt;January 31, 2024&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_980_ecef--HighestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZt0NwwSvT8k" style="text-align: right"&gt;7.94&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98A_ecef--LowestPriceOrBid_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zkmEsnZrTux7" style="text-align: right"&gt;7.31&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_ztb4qo543eLc" style="text-align: right"&gt;8.64&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_989_ecef--LowestPriceOrBidNav_pid_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zNQj6sEzs6W3" style="text-align: right"&gt;8.00&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98E_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zpbqbi4NTeN9" style="text-align: right"&gt;-8.10&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_983_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20231101__20240131__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zSOJtf5clT33" style="text-align: right"&gt;-8.63&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;10,650,851&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="text-align: justify"&gt;October 31, 2023&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_989_ecef--HighestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z0BrWLRHdFg4" style="text-align: right"&gt;8.04&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBid_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zw41DQ9sjtB9" style="text-align: right"&gt;7.18&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--HighestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zV6U7s8EpGsf" style="text-align: right"&gt;8.72&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_981_ecef--LowestPriceOrBidNav_pid_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAo1qzoJrlNd" style="text-align: right"&gt;8.15&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98F_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zMd7UIQDaOkj" style="text-align: right"&gt;-7.80&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_988_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230801__20231031__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z8h5rfa6U5Ol" style="text-align: right"&gt;-11.90&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;8,507,684&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: White"&gt;
    &lt;td style="text-align: justify"&gt;July 31, 2023&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98B_ecef--HighestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zKkqv7wl2i76" style="text-align: right"&gt;8.10&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_981_ecef--LowestPriceOrBid_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_z2oLWuVmTV09" style="text-align: right"&gt;7.61&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_982_ecef--HighestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zBiUB7TH4boi" style="text-align: right"&gt;8.76&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zZtYFh3znyPg" style="text-align: right"&gt;8.35&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_982_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zvZm5LqGPXql" style="text-align: right"&gt;-7.53&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_981_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230501__20230731__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zmz4yINV3lZ8" style="text-align: right"&gt;-8.86&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;8,045,549&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: bottom; background-color: Gainsboro"&gt;
    &lt;td style="text-align: justify"&gt;April 30, 2023&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_987_ecef--HighestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zaQvlouMKxoc" style="text-align: right"&gt;8.42&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_988_ecef--LowestPriceOrBid_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zqQrC1JfYYtl" style="text-align: right"&gt;7.66&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_98E_ecef--HighestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zxaqcGF21psg" style="text-align: right"&gt;9.14&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&lt;td id="xdx_980_ecef--LowestPriceOrBidNav_pid_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zbiG0SjrKdk1" style="text-align: right"&gt;8.60&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;

&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_98D_ecef--HighestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zo2kShvt1a6d" style="text-align: right"&gt;-7.93&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td id="xdx_987_ecef--LowestPriceOrBidPremiumDiscountToNavPercent_pid_dp_c20230201__20230430__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zRNjkjTUFhqa" style="text-align: right"&gt;-10.93&lt;/td&gt;&lt;td style="text-align: left"&gt;%&lt;/td&gt;&lt;td&gt;&#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;6,926,864&lt;/td&gt;&lt;td style="text-align: left"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
  &lt;/table&gt;</cef:SharePriceTableTextBlock>
    <cef:HighestPriceOrBid
      contextRef="From2025-02-012025-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000079"
      unitRef="USDPShares">7.99</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="From2025-02-012025-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000080"
      unitRef="USDPShares">6.91</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="From2025-02-012025-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000081"
      unitRef="USDPShares">8.60</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="From2025-02-012025-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000082"
      unitRef="USDPShares">7.71</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2025-02-012025-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000083"
      unitRef="Ratio">-0.0709</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2025-02-012025-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000084"
      unitRef="Ratio">-0.1038</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="From2024-11-012025-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000085"
      unitRef="USDPShares">8.04</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="From2024-11-012025-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000086"
      unitRef="USDPShares">7.42</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="From2024-11-012025-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000087"
      unitRef="USDPShares">8.70</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="From2024-11-012025-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000088"
      unitRef="USDPShares">7.99</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2024-11-012025-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000089"
      unitRef="Ratio">-0.0759</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2024-11-012025-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000090"
      unitRef="Ratio">-0.0711</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="From2024-08-012024-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000091"
      unitRef="USDPShares">7.59</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="From2024-08-012024-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000092"
      unitRef="USDPShares">7.21</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="From2024-08-012024-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000093"
      unitRef="USDPShares">8.15</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="From2024-08-012024-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000094"
      unitRef="USDPShares">7.91</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2024-08-012024-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000095"
      unitRef="Ratio">-0.0687</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2024-08-012024-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000096"
      unitRef="Ratio">-0.0888</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="From2024-05-012024-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000097"
      unitRef="USDPShares">7.40</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="From2024-05-012024-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000098"
      unitRef="USDPShares">6.86</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="From2024-05-012024-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000099"
      unitRef="USDPShares">8.02</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="From2024-05-012024-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000100"
      unitRef="USDPShares">7.53</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2024-05-012024-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000101"
      unitRef="Ratio">-0.0773</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2024-05-012024-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000102"
      unitRef="Ratio">-0.0890</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="From2024-02-012024-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000103"
      unitRef="USDPShares">7.63</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="From2024-02-012024-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000104"
      unitRef="USDPShares">7.02</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="From2024-02-012024-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000105"
      unitRef="USDPShares">8.21</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="From2024-02-012024-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000106"
      unitRef="USDPShares">7.83</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2024-02-012024-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000107"
      unitRef="Ratio">-0.0706</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2024-02-012024-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000108"
      unitRef="Ratio">-0.1057</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="From2023-11-012024-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000109"
      unitRef="USDPShares">7.94</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="From2023-11-012024-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000110"
      unitRef="USDPShares">7.31</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="From2023-11-012024-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000111"
      unitRef="USDPShares">8.64</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="From2023-11-012024-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000112"
      unitRef="USDPShares">8.00</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2023-11-012024-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000113"
      unitRef="Ratio">-0.0810</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2023-11-012024-01-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000114"
      unitRef="Ratio">-0.0863</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="From2023-08-012023-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000115"
      unitRef="USDPShares">8.04</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="From2023-08-012023-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000116"
      unitRef="USDPShares">7.18</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="From2023-08-012023-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000117"
      unitRef="USDPShares">8.72</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="From2023-08-012023-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000118"
      unitRef="USDPShares">8.15</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2023-08-012023-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000119"
      unitRef="Ratio">-0.0780</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2023-08-012023-10-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000120"
      unitRef="Ratio">-0.1190</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="From2023-05-012023-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000121"
      unitRef="USDPShares">8.10</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="From2023-05-012023-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000122"
      unitRef="USDPShares">7.61</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="From2023-05-012023-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000123"
      unitRef="USDPShares">8.76</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="From2023-05-012023-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000124"
      unitRef="USDPShares">8.35</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2023-05-012023-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000125"
      unitRef="Ratio">-0.0753</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2023-05-012023-07-31_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000126"
      unitRef="Ratio">-0.0886</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <cef:HighestPriceOrBid
      contextRef="From2023-02-012023-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000127"
      unitRef="USDPShares">8.42</cef:HighestPriceOrBid>
    <cef:LowestPriceOrBid
      contextRef="From2023-02-012023-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000128"
      unitRef="USDPShares">7.66</cef:LowestPriceOrBid>
    <cef:HighestPriceOrBidNav
      contextRef="From2023-02-012023-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000129"
      unitRef="USDPShares">9.14</cef:HighestPriceOrBidNav>
    <cef:LowestPriceOrBidNav
      contextRef="From2023-02-012023-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000130"
      unitRef="USDPShares">8.60</cef:LowestPriceOrBidNav>
    <cef:HighestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2023-02-012023-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000131"
      unitRef="Ratio">-0.0793</cef:HighestPriceOrBidPremiumDiscountToNavPercent>
    <cef:LowestPriceOrBidPremiumDiscountToNavPercent
      contextRef="From2023-02-012023-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000132"
      unitRef="Ratio">-0.1093</cef:LowestPriceOrBidPremiumDiscountToNavPercent>
    <us-gaap:NetAssetValuePerShare
      contextRef="AsOf2025-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000133"
      unitRef="USDPShares">8.09</us-gaap:NetAssetValuePerShare>
    <us-gaap:SharePrice
      contextRef="AsOf2025-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000134"
      unitRef="USDPShares">7.68</us-gaap:SharePrice>
    <cef:LatestPremiumDiscountToNavPercent
      contextRef="From2025-02-012025-04-30_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000135"
      unitRef="Ratio">-0.0507</cef:LatestPremiumDiscountToNavPercent>
    <cef:SecurityTitleTextBlock
      contextRef="From2025-07-032025-07-03_custom_PreferredSharesMember"
      id="Fact000136">Preferred Shares</cef:SecurityTitleTextBlock>
    <cef:OutstandingSecuritiesTableTextBlock contextRef="AsOf2025-07-03" id="Fact000137">&lt;p id="xdx_A8A_ecef--OutstandingSecuritiesTableTextBlock_zDRXePIEXf7" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The following table provides the Fund&#x2019;s authorized shares and
common shares outstanding as of April 30, 2025.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
  &lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="border-bottom: Black 1pt solid; width: 40%"&gt;&lt;b&gt;Title of Class&lt;/b&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; width: 20%; text-align: center"&gt;&lt;b&gt;Amount Authorized&lt;/b&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; width: 20%"&gt;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Amount&lt;/b&gt;&lt;/p&gt;
    &lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Held by Fund or for its&lt;/b&gt;&lt;/p&gt;
    &lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Account&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; width: 20%"&gt;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Amount Outstanding
                           Exclusive of Amount held by&lt;/b&gt;&lt;/p&gt;
    &lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Fund&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;tr style="vertical-align: top; background-color: Gainsboro"&gt;
    &lt;td&gt;&lt;span id="xdx_908_ecef--OutstandingSecurityTitleTextBlock_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zOWATpfVK8d1"&gt;Common Shares&lt;/span&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;Unlimited&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;span id="xdx_909_ecef--OutstandingSecurityHeldShares_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zhQAG8fxyNff"&gt;45,048,584&lt;/span&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;span id="xdx_904_ecef--OutstandingSecurityNotHeldShares_c20250703__20250703__us-gaap--StatementClassOfStockAxis__custom--CommonSharesMember_zAw9Ck053tbl"&gt;42,529,494&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;
  &lt;/table&gt;
</cef:OutstandingSecuritiesTableTextBlock>
    <cef:OutstandingSecurityTitleTextBlock
      contextRef="From2025-07-032025-07-03_custom_CommonSharesMember"
      id="Fact000138">Common Shares</cef:OutstandingSecurityTitleTextBlock>
    <cef:OutstandingSecurityHeldShares
      contextRef="From2025-07-032025-07-03_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000139"
      unitRef="Shares">45048584</cef:OutstandingSecurityHeldShares>
    <cef:OutstandingSecurityNotHeldShares
      contextRef="From2025-07-032025-07-03_custom_CommonSharesMember"
      decimals="INF"
      id="Fact000140"
      unitRef="Shares">42529494</cef:OutstandingSecurityNotHeldShares>
    <cef:InvestmentObjectivesAndPracticesTextBlock contextRef="AsOf2025-07-03" id="Fact000141">&lt;p id="xdx_A8D_ecef--InvestmentObjectivesAndPracticesTextBlock_zYCh1IdOmp83" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify"&gt;THE FUND&#x2019;S
INVESTMENTS&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Investment Objectives and Policies &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund&#x2019;s investment objective is to seek
to provide shareholders with a high level of current income, with a secondary goal of capital appreciation. The investment objective is
a non-fundamental policy that may be changed by the Board without shareholder approval upon 60 days&#x2019; prior written notice to shareholders.
In pursuing its objectives, the Fund may invest in debt and equity securities of public and private companies, which include, among other
things, investment in closed-end funds, special purpose acquisition companies (SPACs), reinsurance and public and private debt instruments.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund&#x2019;s investments may be in issuers
located both in the U.S. and outside the U.S. The Fund may invest, without limit, in issuers located in emerging market countries. The
Fund may invest, without limit, in debt/fixed income instruments and convertible securities that, at the time of purchase, are rated below
investment grade or are unrated but determined to be of comparable quality (commonly referred to as &#x201c;high yield&#x201d; investments
or &#x201c;junk&#x201d; bonds). The Fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted
average maturity. A bond is issued with a specific maturity date, which is the date when the issuer must pay back the bond&#x2019;s principal
(face value). Bond maturities range from less than 1 year to more than 30 years. Typically, the longer a bond&#x2019;s maturity, the more
price risk the Fund and the Fund&#x2019;s investors face as interest rates rise, but the Fund could receive a higher yield in return for
that longer maturity and higher interest rate risk.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may also utilize derivatives, including,
but not limited to, total return swaps, credit default swaps, and options and futures, in seeking to enhance returns and/or to reduce
portfolio risk. In pursuit of the Fund&#x2019;s objectives, the Fund may invest on an opportunistic basis in private funds that pursue
a variety of investment strategies.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may invest in a wide array of securities
and instruments in pursuit of its objective. Specifically, the Fund may invest in the following instruments and use the following investment
techniques, subject to any limitations set forth herein. There is no guarantee the Fund will buy all of the types of securities or use
all of the investment techniques that are described herein and in the SAI.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Closed-End Funds&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;&#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund invests its assets in U.S. and non-U.S.
&#x201c;closed-end&#x201d; investment companies (or &#x201c;closed-end funds&#x201d;) and, at times, to a significant degree. U.S. closed-end
funds are registered investment companies that, unlike open-end funds, do not typically issue redeemable shares. Instead, a fixed number
of shares trade on a secondary market, such as a securities exchange. The Fund may invest in closed-ends funds that are domiciled outside
of the U.S. or whose securities are traded on a non-U.S. exchange. Such securities are typically listed for trading on the NYSE or NASDAQ
and, in some cases, may be traded in other over-the-counter markets or on foreign exchanges.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund invests in closed-end funds that pursue
a variety of strategies, including closed-end funds that invest in dividend and other income-producing securities (e.g., equity securities)
and closed-end funds that invest in debt and loans, including high yield or non-investment grade securities (commonly referred to as &#x201c;junk
bonds&#x201d;). The closed-ends funds have the flexibility to invest in a broad range of securities. The closed-end funds may invest in
securities with a range of maturities from short- to long-term. Substantially all of the closed-end funds&#x2019; assets may be invested
in lower-rated securities, which may include securities having the lowest rating for non-subordinated debt instruments (i.e., rated C
by Moody&#x2019;s Investors Service or CCC+ or lower by Standard &amp;amp; Poor&#x2019;s Ratings Services and Fitch Ratings) and unrated securities
of equivalent investment quality. The Fund&#x2019;s closed-end fund investments may also invest in equity securities, municipal securities
(including through depositary receipts or other securities convertible into securities of foreign issuers), mortgage-related and other
asset-backed securities, real estate investment trusts (&#x201c;REITs&#x201d;), loan participations, inflation-protected securities, structured
securities, variable, floating, and inverse floating rate instruments and preferred stock, and may use other investment techniques, including
investments in derivative instruments. The closed-end funds may also make short sales of securities or maintain a short position.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund generally will purchase shares of closed-end
funds in the secondary market. The Fund will incur normal brokerage costs on such purchases similar to the expenses the Fund would incur
for the purchase of securities of any other type of issuer in the secondary market. The Fund may, however, also purchase securities of
a closed-end fund in an initial public offering or other offering, when, in the opinion of the Adviser, based on a consideration of the
nature of the closed-end fund&#x2019;s proposed investments, the prevailing market conditions and the level of demand for such securities,
they represent an attractive opportunity for growth of capital. The offering price typically can include a dealer spread, which may be
higher than the applicable brokerage cost if the Fund purchased such securities in the secondary market. In seeking to maximize value,
the Fund may also invest in closed-ends funds that are, or the Adviser believes may become, the subject of an activist campaign by a shareholder,
such as a proxy contest, whose aim is to eliminate or reduce the discount to the closed-end fund&#x2019;s NAV. Such activism may be initiated
by the Adviser (on behalf of its other clients) or by third parties.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Special Purpose Acquisition Companies &lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;&#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;A SPAC is typically a publicly traded company
that raises investment capital via an IPO for the purpose of acquiring one or more existing companies (or interests therein) via merger,
combination, acquisition or other similar transactions (each a &#x201c;SPAC Transaction&#x201d;). The shares of a SPAC are issued in &#x201c;units&#x201d;
that typically include one share of common stock and one warrant (or partial warrant) conveying the right to purchase additional shares.
Within 52 days after the closing of the IPO, the shares of common stock and the warrants comprising the units will begin to trade separately
and become freely tradeable. After going public, and until a SPAC Transaction is completed, a SPAC generally invests the proceeds of its
IPO (less a portion retained to cover expenses) in U.S. Government securities, money market securities and/or cash. If a SPAC does not
complete a SPAC Transaction within a specified period of time after going public, the SPA&lt;i&gt;C &lt;/i&gt;is typically dissolved, at which point
the invested funds are returned to the SPAC&#x2019;s shareholders (less certain permitted expenses) and any warrants issued by the SPAC
expire worthless. In some cases, the Fund will forfeit its right to exercise its warrants to receive additional shares even if a SPAC
Transaction occurs if the Fund holding the warrant elects to redeem its shares of common stock and not participate in the SPAC Transaction.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;&#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Debt and other Fixed Income Investments
&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;&#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Corporate Bonds.&lt;/i&gt; Corporate bonds are debt
obligations issued by corporations. Corporate bonds may be either secured or unsecured. Collateral used for secured debt includes real
property, machinery, equipment, accounts receivable, stocks, bonds or notes. If a bond is unsecured, it is known as a debenture. Bondholders,
as creditors, have a prior legal claim over common and preferred stockholders as to both income and assets of the corporation for the
principal and interest due them and may have a prior claim over other creditors if liens or mortgages are involved. Interest on corporate
bonds may be fixed or floating, or the bonds may be zero coupons. Interest on corporate bonds is typically paid semi-annually and is fully
taxable to the bondholder. Corporate bonds contain elements of both interest rate risk and credit risk. The market value of a corporate
bond generally may be expected to rise and fall inversely with interest rates and may also be affected by the credit rating of the corporation,
the corporation&#x2019;s performance and perceptions of the corporation in the marketplace. Corporate bonds usually yield more than government
or agency bonds due to the presence of credit risk.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Private Credit&lt;/i&gt;. The Fund may also invest
in debt securities issued by private companies. Generally, very little public information exists about these private companies, and the
Fund will rely on the ability of the Adviser to obtain adequate information to evaluate the potential returns from investing in these
companies. Private companies may have limited financial resources and may be unable to meet their obligations under their debt securities
that the Fund holds. The Fund may invest in senior secured first lien term loans and senior secured second lien term loans issued by private
companies. Additionally, the Fund may invest in debt securities issued by private companies that may be secured on a second priority basis
by the same collateral securing senior secured debt of such companies. The Fund may also investment in private investment funds that invest
in private debt and credit assets. In general, these interests are subject to underlying lock-ups, are not freely transferrable and/or
have substantial transfer restrictions and no active trading market but may have certain rights as to redemption.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Senior Loans. &lt;/i&gt;The Fund may invest in senior
secured floating rate and fixed rate loans or debt. Senior loans primarily include senior floating rate loans, first and second lien loans,
and secondarily senior floating rate debt obligations (including those issued by an asset-backed pool), and interests therein. Senior
loan interests may take the form of direct interests acquired during a primary distribution and also may take the form of assignments
of, novations of, or participations in, a bank loan acquired in secondary markets. A senior loan typically is originated, negotiated,
and structured by a U.S. or foreign commercial bank, insurance company, finance company, or other financial institution (collectively,
the &#x201c;Agent&#x201d;) for a group of loan investors. The Agent typically administers and enforces the senior loan on behalf of the
other loan investors in the syndicate. In addition, an institution, typically but not always the Agent, holds any collateral on behalf
of the loan investors. Purchasers of senior loans and other forms of indebtedness depend primarily on the creditworthiness of the corporate
or other borrower for payment of principal and interest.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Senior loans typically have a stated term of between
five and nine years and have rates of interest that typically are redetermined daily, monthly, quarterly or semi-annually. Longer interest
rate reset periods generally increase fluctuations in the Fund&#x2019;s NAV as a result of changes in market interest rates. The Fund is
not subject to any restrictions with respect to the maturity of senior loans held in its portfolio. As a result, as short-term interest
rates increase, interest payable to the Fund from its investments in senior loans should increase, and as short-term interest rates decrease,
interest payable to the Fund from its investments in senior loans should decrease. Because of prepayments, the Adviser expects the average
life of the senior loans in which the Fund invests to be shorter than the stated maturity.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may purchase senior loans on a direct
assignment basis. If the Fund purchases a senior loan on direct assignment, it typically succeeds to all the rights and obligations under
the loan agreement of the assigning lender and becomes a lender under the loan agreement with the same rights and obligations as the assigning
lender. The Fund may also purchase, without limitation, participations in senior loans. The participation by the Fund in a lender&#x2019;s
portion of a senior loan typically will result in the Fund having a contractual relationship only with such lender, not with the borrower.
As a result, the Fund may have the right to receive payments of principal, interest and any fees to which it is entitled only from the
lender selling the participation and only upon receipt by such lender of payments from the borrower. Such indebtedness may be secured
or unsecured. Loan participations typically represent direct participations in a loan to a borrower and generally are offered by banks
or other financial institutions or lending syndicates. The Fund may participate in such syndications, or can buy part of a loan, becoming
a part lender.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Convertible Securities. &lt;/i&gt;A convertible security
is a bond, debenture, note, preferred stock or other security that may be converted into or exchanged for a prescribed amount of common
stock or other equity security of the same or a different issuer within a particular period of time at a specified price or formula. A
convertible security entitles the holder to receive interest paid or accrued on debt or the dividend paid on preferred stock until the
convertible security matures or is redeemed, converted or exchanged. Before conversion, convertible securities have characteristics similar
to nonconvertible income securities in that they ordinarily provide a stable stream of income with generally higher yields than those
of common stocks of the same or similar issuers, but lower yields than comparable nonconvertible securities. The value of a convertible
security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest
rates decline. The credit standing of the issuer and other factors also may have an effect on the convertible security&#x2019;s investment
value. Convertible securities rank senior to common stock in a corporation&#x2019;s capital structure but are usually subordinated to comparable
nonconvertible securities. Convertible securities may be subject to redemption at the option of the issuer at a price established in the
convertible security&#x2019;s governing instrument.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;A &#x201c;synthetic&#x201d; or &#x201c;manufactured&#x201d;
convertible security may be created by the Fund or by a third party by combining separate securities that possess the two principal characteristics
of a traditional convertible security: an income producing component and a convertible component. The income-producing component is achieved
by investing in non-convertible, income-producing securities such as bonds, preferred stocks and money market instruments. The convertible
component is achieved by investing in securities or instruments such as warrants or options to buy common stock at a certain exercise
price, or options on a stock index. Unlike a traditional convertible security, which is a single security having a single market value,
a synthetic convertible comprises two or more separate securities, each with its own market value. Because the &#x201c;market value&#x201d;
of a synthetic convertible security is the sum of the values of its income-producing component and its convertible component, the value
of a synthetic convertible security may respond differently to market fluctuations than a traditional convertible security. The Fund also
may purchase synthetic convertible securities created by other parties, including convertible structured notes. Convertible structured
notes are income-producing debentures linked to equity. Convertible structured notes have the attributes of a convertible security; however,
the issuer of the convertible note (typically an investment bank), rather than the issuer of the underlying common stock into which the
note is convertible, assumes credit risk associated with the underlying investment and the Fund in turn assumes credit risk associated
with the issuer of the convertible note.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Asset-Backed Securities. &lt;/i&gt;Asset-backed securities
(&#x201c;ABS&#x201d;) are a form of structured debt obligation. ABS are bonds backed by pools of loans or other receivables. The collateral
for these securities may include home equity loans, automobile and credit card receivables, boat loans, computer leases, airplane leases,
mobile home loans, recreational vehicle loans and hospital account receivables. The Fund may invest in these and other types of ABS that
may be developed in the future. These securities may provide the Fund with a less effective security interest in the related collateral
than do mortgage related securities. Therefore, there is the possibility that recoveries on the underlying collateral may not, in some
cases, be available to support payments on these securities.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Collateralized Loan Obligations. &lt;/i&gt;A Collateralized
Loan Obligation (&#x201c;CLO&#x201d;) is a structured debt security, issued by a financing company (generally called a special purpose vehicle
or &#x201c;SPV&#x201d;), that was created to reapportion the risk and return characteristics of a pool of bank loans. Investors in CLOs
bear the credit risk of the underlying collateral. The bank loans are used as collateral supporting the various debt tranches issued by
the SPV. Multiple tranches of securities are issued by the CLO, offering investors various maturity and credit risk characteristics. Tranches
are categorized as senior, mezzanine, or subordinated/equity, according to their degree of risk. The key feature of the CLO structure
is the prioritization of the cash flows from a pool of debt securities among the several classes of the CLO. If there are defaults or
the CLO&#x2019;s collateral otherwise underperforms, scheduled payments to senior tranches take precedence over those of mezzanine tranches,
and scheduled payments to mezzanine tranches take precedence over those to subordinated/equity tranches. The Fund may invest in the equity
or residual portion of the capital structure of CLOs. The SPV is a company founded solely for the purpose of securitizing payment claims.
On this basis, marketable securities are issued which, due to the diversification of the underlying risk, generally represent a lower
level of risk than the original assets. The redemption of the securities issued by the SPV takes place at maturity out of the cash flow
generated by the collected claims. The vast majority of CLOs are actively managed by an independent investment manager.&#160;&#160;&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;High-Yield Securities&lt;/i&gt;. High-yield, or low
and below investment grade securities (below investment grade securities are also known as &#x201c;junk bonds&#x201d;) are debt securities
with the lowest investment grade rating (e.g., BBB by S&amp;amp;P and Fitch or Baa by Moody&#x2019;s), that are below investment grade (e.g.,
lower than BBB by S&amp;amp;P and Fitch or Baa by Moody&#x2019;s) or that are unrated but determined by the Fund&#x2019;s portfolio managers
to be of comparable quality. These types of securities may be issued to fund corporate transactions or restructurings, such as leveraged
buyouts, mergers, acquisitions, debt reclassifications or similar events. High-yield securities may be more speculative in nature than
securities with higher ratings and tend to be more sensitive to credit risk, particularly during a downturn in the economy. These types
of securities may be issued by unseasoned companies without long track records of sales and earnings, or by companies or municipalities
that have questionable credit strength. High-yield securities and comparable unrated securities: (i) likely will have some quality and
protective characteristics that, in the judgment of one or more Nationally Recognized Statistical Rating Organizations, are outweighed
by large uncertainties or major risk exposures to adverse conditions; (ii) are speculative with respect to the issuer&#x2019;s capacity
to pay interest and repay principal in accordance with the terms of the obligation; and (iii) may have a less liquid secondary market,
potentially making it difficult to value or sell such securities. Credit ratings issued by credit rating agencies are designed to evaluate
the safety of principal and interest payments of rated securities. They do not, however, evaluate the market value risk of lower-quality
securities and, therefore, may not fully reflect the true risks of an investment. In addition, credit rating agencies may or may not make
timely changes in a rating to reflect changes in the economy or in the condition of the issuer that affect the market value of the securities.
Consequently, credit ratings are used only as a preliminary indicator of investment quality. High-yield securities may be structured as
fixed-, variable- or floating-rate obligations or as zero- coupon, pay-in-kind and step-coupon securities and may be privately placed
or publicly offered.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The rates of return on these types of securities
generally are higher than the rates of return available on more highly rated securities, but generally involve greater volatility of price
and risk of loss of principal and income, including the possibility of default by or insolvency of the issuers of such securities. Accordingly,
the Fund may be more dependent on the Adviser&#x2019;s credit analysis with respect to these types of securities than is the case for more
highly rated securities.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The market values of certain high-yield securities
and comparable unrated securities tend to be more sensitive to individual corporate developments and changes in economic conditions than
are the market values of more highly rated securities. In addition, issuers of high-yield and comparable unrated securities often are
highly leveraged and may not have more traditional methods of financing available to them, so that their ability to service their debt
obligations during an economic downturn or during sustained periods of rising interest rates may be impaired.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The risk of loss due to default is greater for
high-yield and comparable unrated securities than it is for higher rated securities because high-yield securities and comparable unrated
securities generally are unsecured and frequently are subordinated to more senior indebtedness. The Fund may incur additional expenses
to the extent that it is required to seek recovery upon a default in the payment of principal or interest on its holdings of such securities.
The existence of limited markets for lower-rated debt securities may diminish the Fund&#x2019;s ability to: (i) obtain accurate market
quotations for purposes of valuing such securities and calculating portfolio net asset value; and (ii) sell the securities at fair market
value either to meet redemption requests or to respond to changes in the economy or in financial markets.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Many lower-rated securities are not registered
for offer and sale to the public under the Securities Act. Investments in these restricted securities may be determined by the Adviser
to be liquid (able to be sold or disposed of in current market conditions in seven days or less without the sales or dispositions significantly
changing the market value of the investment).&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Mortgage Related Derivative Instruments&lt;/i&gt;.
The Fund may invest in MBS credit default swaps. MBS credit default swaps include swaps the reference obligation for which is an MBS or
related index, such as the CMBX Index (a tradeable index referencing a basket of CMBS), the TRX Index (a tradeable index referencing total
return swaps based on CMBS) or the ABX Index (a tradeable index referencing a basket of sub-prime MBS). The Fund may engage in other derivative
transactions related to MBS, including purchasing and selling exchange-listed and over-the-counter put and call options, futures and forwards
on mortgages and MBS. The Fund may invest in newly developed mortgage related derivatives that may hereafter become available.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Other Mortgage Related Securities&lt;/i&gt;. Other
mortgage related securities include securities other than those described above that directly or indirectly represent a participation
in, or are secured by and payable from, mortgage loans on real property. Other mortgage related securities may be equity or debt securities
issued by agencies or instrumentalities of the U.S. Government or by private originators of, or investors in, mortgage loans, including
savings and loan associations, homebuilders, mortgage banks, commercial banks, investment banks, partnerships, trusts and special purpose
entities of the foregoing.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;U.S. Government Debt Securities. &lt;/i&gt;The Fund
may invest in debt securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, including U.S. Treasury
obligations, which differ in their interest rates, maturities and times of issuance. Such obligations include U.S. Treasury bills (maturity
of one year or less), U.S. Treasury notes (maturity of one to ten years) and U.S. Treasury bonds (generally maturities of greater than
ten years), including the principal components or the interest components issued by the U.S. Government under the separate trading of
registered interest and principal securities program (i.e., &#x201c;STRIPS&#x201d;), all of which are backed by the full faith and credit
of the United States.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Preferred Securities.&lt;/i&gt; The Fund may invest
in preferred securities. There are two basic types of preferred securities. The first type, sometimes referred to as traditional preferred
securities, consists of preferred stock issued by an entity taxable as a corporation. The second type, sometimes referred to as trust
preferred securities, are usually issued by a trust or limited partnership and represent preferred interests in deeply subordinated debt
instruments issued by the corporation for whose benefit the trust or partnership was established.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"&gt;&lt;span style="text-decoration: underline"&gt;Traditional Preferred Securities&lt;/span&gt;.
Traditional preferred securities generally pay fixed or adjustable rate dividends to investors and generally have a &#x201c;preference&#x201d;
over common stock in the payment of dividends and the liquidation of a company&#x2019;s assets. This means that a company must pay dividends
on preferred stock before paying any dividends on its common stock. In order to be payable, distributions on such preferred securities
must be declared by the issuer&#x2019;s board of directors. Income payments on typical preferred securities currently outstanding are cumulative,
causing dividends and distributions to accumulate even if not declared by the board of directors or otherwise made payable. In such a
case all accumulated dividends must be paid before any dividend on the common stock can be paid. However, some traditional preferred stocks
are non-cumulative, in which case dividends do not accumulate and need not ever be paid. A portion of the portfolio may include investments
in non-cumulative preferred securities, whereby the issuer does not have an obligation to make up any arrearages to its shareholders.
Should an issuer of a non-cumulative preferred stock held by the Fund determine not to pay dividends on such stock, the amount of dividends
the Fund pays may be adversely affected. There is no assurance that dividends or distributions on the traditional preferred securities
in which the Fund invests will be declared or otherwise made payable.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"&gt;Preferred stockholders usually
have no right to vote for corporate directors or on other matters. Shares of traditional preferred securities have a liquidation value
that generally equals the original purchase price at the date of issuance. The market value of preferred securities may be affected by
favorable and unfavorable changes impacting companies in the utilities and financial services sectors, which are prominent issuers of
preferred securities, and by actual and anticipated changes in tax laws, such as changes in corporate income tax rates or the &#x201c;Dividends
Received Deduction.&#x201d; Because the claim on an issuer&#x2019;s earnings represented by traditional preferred securities may become
onerous when interest rates fall below the rate payable on such securities, the issuer may redeem the securities. Thus, in declining interest
rate environments in particular, the Fund&#x2019;s holdings, if any, of higher rate-paying fixed rate preferred securities may be reduced
and the Fund may be unable to acquire securities of comparable credit quality paying comparable rates with the redemption proceeds.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"&gt;&lt;span style="text-decoration: underline"&gt;Trust Preferred Securities&lt;/span&gt;.
Trust preferred securities are a comparatively new asset class. Trust preferred securities are typically issued by corporations, generally
in the form of interest-bearing notes with preferred security characteristics, or by an affiliated business trust of a corporation, generally
in the form of beneficial interests in subordinated debentures or similarly structured securities. The trust preferred securities market
consists of both fixed and adjustable coupon rate securities that are either perpetual in nature or have stated maturity dates.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"&gt;Trust preferred securities
are typically junior and fully subordinated liabilities of an issuer or the beneficiary of a guarantee that is junior and fully subordinated
to the other liabilities of the guarantor. In addition, trust preferred securities typically permit an issuer to defer the payment of
income for eighteen months or more without triggering an event of default. Generally, the deferral period is five years or more. Because
of their subordinated position in the capital structure of an issuer, the ability to defer payments for extended periods of time without
default consequences to the issuer, and certain other features (such as restrictions on common dividend payments by the issuer or ultimate
guarantor when full cumulative payments on the trust preferred securities have not been made), these trust preferred securities are often
treated as close substitutes for traditional preferred securities, both by issuers and investors. Trust preferred securities have many
of the key characteristics of equity due to their subordinated position in an issuer&#x2019;s capital structure and because their quality
and value are heavily dependent on the profitability of the issuer rather than on any legal claims to specific assets or cash flows.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Municipal Securities. &lt;/i&gt;The Fund may invest
in municipal securities, which include debt obligations issued to obtain funds for various public purposes, including the construction
of a wide range of public facilities, refunding of outstanding obligations and obtaining funds for general operating expenses and loans
to other public institutions and facilities. In addition, certain types of private activity bonds (&#x201c;PABs&#x201d;) (or industrial
development bonds, under pre-1986 law) are issued by or on behalf of public authorities to finance various privately owned or operated
facilities, including among other things, airports, public ports, mass commuting facilities, multi-family housing projects, as well as
facilities for water supply, gas, electricity, sewage or solid waste disposal and other specialized facilities. Other types of PABs, the
proceeds of which are used for the construction, equipment or improvement of privately operated industrial or commercial facilities, may
constitute municipal securities. The interest on municipal securities may bear a fixed rate or be payable at a variable or floating rate.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Distressed and Defaulted Securities. &lt;/i&gt;The
Fund may invest in the securities of financially distressed and bankrupt issuers, including debt obligations that are in covenant or payment
default. Such investments generally trade significantly below par and are considered speculative. The repayment of defaulted obligations
is subject to significant uncertainties. Defaulted obligations might be repaid only after lengthy workout or bankruptcy proceedings, during
which the issuer might not make any interest or other payments. Typically such workout or bankruptcy proceedings result in only partial
recovery of cash payments or an exchange of the defaulted obligation for other debt or equity securities of the issuer or its affiliates,
which may in turn be illiquid or speculative.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Credit Default Swaps.&lt;/i&gt; The Fund may enter
into credit default swap agreements for hedging purposes or to seek to increase income or gain. The credit default swap agreement may
have as reference obligations one or more securities that are not currently held by the Fund. The protection &#x201c;buyer&#x201d; in a
credit default contract may be obligated to pay the protection &#x201c;seller&#x201d; an upfront or a periodic stream of payments over the
term of the contract, provided that no credit event on the reference obligation occurs. If a credit event occurs, the seller generally
must pay the buyer the &#x201c;par value&#x201d; (full notional amount) of the swap in exchange for an equal face amount of deliverable
obligations of the reference entity described in the swap, or if the swap is cash settled the seller may be required to deliver the related
net cash amount (the difference between the market value of the reference obligation and its par value). The Fund may be either the buyer
or seller in the transaction. If the Fund is a buyer and no credit event occurs, the Fund will generally receive no payments from its
counterparty under the swap if the swap is held through its termination date. However, if a credit event occurs, the buyer generally may
elect to receive the full notional amount of the swap in exchange for an equal face amount of deliverable obligations of the reference
entity, the value of which may have significantly decreased. As a seller, the Fund generally receives an upfront payment or a fixed rate
of income throughout the term of the swap, which typically is between six months and three years, provided that there is no credit event.
If a credit event occurs, generally the seller must pay the buyer the full notional amount of the swap in exchange for an equal face amount
of deliverable obligations of the reference entity, the value of which may have significantly decreased. As the seller, the Fund would
effectively add leverage to its portfolio because, in addition to its assets, the Fund would be subject to investment exposure on the
notional amount of the swap in excess of any premium and margin required to establish and maintain the position.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Structured Instruments.&lt;/i&gt; The Fund may use
structured instruments for investment purposes, for risk management purposes, such as to reduce the duration and interest rate sensitivity
of the Fund&#x2019;s portfolio, and for leveraging purposes. While structured instruments may offer the potential for a favorable rate
of return from time to time, they also entail certain risks. Structured instruments may be less liquid than other fixed-income securities
and the price of structured instruments may be more volatile. In some cases, depending on the terms of the embedded index, a structured
instrument may provide that the principal and/or interest payments may be adjusted below zero. Structured instruments also may involve
significant credit risk and risk of default by the counterparty. Structured instruments may also be illiquid. Like other sophisticated
strategies, the Fund&#x2019;s use of structured instruments may not work as intended.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Sovereign Governmental and Supranational Debt.&lt;/i&gt;
The Fund may invest in all types of debt securities of governmental issuers in all countries, including foreign countries. These sovereign
debt securities may include: debt securities issued or guaranteed by governments, governmental agencies or instrumentalities and political
subdivisions located in foreign countries; debt securities issued by government owned, controlled or sponsored entities located in foreign
countries; interests in entities organized and operated for the purpose of restructuring the investment characteristics of instruments
issued by any of the above issuers; Brady Bonds, which are debt securities issued under the framework of the Brady Plan as a means for
debtor nations to restructure their outstanding external indebtedness; participations in loans between emerging market governments and
financial institutions; or debt securities issued by supranational entities such as the World Bank. A supranational entity is a bank,
commission or company established or financially supported by the national governments of one or more countries to promote reconstruction
or development. Sovereign government and supranational debt involve all the risks described herein regarding foreign and emerging markets
investments as well as the risk of debt moratorium, repudiation or renegotiation.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Inflation-Indexed Bonds.&lt;/i&gt; Inflation-indexed
bonds (other than municipal inflation-indexed bonds and certain corporate inflation-indexed bonds) are fixed income securities the principal
value of which is periodically adjusted according to the rate of inflation. If the index measuring inflation falls, the principal value
of inflation-indexed bonds (other than municipal inflation-indexed bonds and certain corporate inflation-indexed bonds) will be adjusted
downward, and consequently the interest payable on these securities (calculated with respect to a smaller principal amount) will be reduced.
Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed
bonds (&#x201c;TIPs&#x201d;). For bonds that do not provide a similar guarantee, the adjusted principal value of the bond repaid at maturity
may be less than the original principal. With regard to municipal inflation-indexed bonds and certain corporate inflation-indexed bonds,
the inflation adjustment is typically reflected in the semi-annual coupon payment. As a result, the principal value of municipal inflation-indexed
bonds and such corporate inflation-indexed bonds does not adjust according to the rate of inflation.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Event-Linked Instruments/Catastrophe Bonds&lt;/i&gt;.
The Fund may obtain event-linked exposure by investing in &#x201c;event-linked bonds&#x201d; or &#x201c;event-linked swaps&#x201d; or by implementing
&#x201c;event-linked strategies.&#x201d; Event-linked exposure results in gains or losses that typically are contingent on, or formulaically
related to, defined trigger events. Examples of trigger events include hurricanes, earthquakes, weather-related phenomena or statistics
relating to such events. Some event-linked bonds are commonly referred to as &#x201c;catastrophe bonds.&#x201d; If a trigger event occurs,
the principal amount of the bond is reduced (potentially to zero), and the Fund may lose all or a portion of its entire principal invested
in the bond or the entire notional amount on a swap.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Reinsurance Notes&lt;/i&gt;. The Fund may invest,
directly or indirectly, in reinsurance contracts through shares or notes issued in connection with quota shares and/or may gain exposure
to reinsurance contracts through excess of loss notes and/or industry loss warranties (collectively, &#x201c;Reinsurance Notes&#x201d;).
As Reinsurance Notes represent an interest, either proportional or non-proportional, in one or more underlying reinsurance contracts,
the Fund has limited transparency into the individual underlying contract(s) and, therefore, must rely upon the risk assessment and sound
underwriting practices of the sponsor. Accordingly, it may be more difficult to fully evaluate the underlying risk profile of Reinsurance
Notes, which may place the Fund&#x2019;s assets at greater risk of loss than if the Adviser had more complete information. The lack of
transparency may also make the valuation of such investments more difficult and potentially result in mispricing that could result in
losses to the Fund. In Reinsurance Notes, the Fund cannot lose more than the amount invested.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Equity Securities&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;&#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In addition to investments in closed-end funds
and SPACs, the Fund may invest in other equity securities, including common stocks, warrants, REITs, depositary receipts, and listed and
unlisted private equity funds or other private funds.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Common Stock&lt;/i&gt;. Common stock represents a
unit of equity ownership of a corporation. Owners typically are entitled to vote on the selection of directors and other important corporate
governance matters, to receive dividend payments, if any, on their holdings. However, ownership of common stock does not entitle owners
to participate in the day-to-day operations of the corporation. Common stock of domestic and foreign public corporations can be listed,
and their shares traded, on domestic stock exchanges, such the NYSE or the NASDAQ Stock Market. Domestic and foreign corporations also
may have their shares traded on foreign exchanges, such as the London Stock Exchange or the Tokyo Stock Exchange. Common stock may be
privately placed or publicly offered. The price of common stock is generally determined by corporate earnings, type of products or services
offered, projected growth rates, experience of management, liquidity, and market conditions generally. In the event that a corporation
declares bankruptcy or is liquidated, the claims of secured and unsecured creditors and owners of bonds and preferred stock take precedence
over the claims of those who own common stock.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Warrants&lt;/i&gt;. Warrants are privileges issued
by corporations enabling the owners to subscribe to and purchase a specified number of shares of the corporation at a specified price
during a specified period of time. Subscription rights normally have a short life span to expiration. The purchase of warrants involves
the risk that the Fund could lose the purchase value of a right or warrant if the right to subscribe to additional shares is not exercised
prior to the warrants&#x2019; expiration. Also, the purchase of warrants involves the risk that the effective price paid for the warrant
added to the subscription price of the related security may exceed the value of the subscribed security&#x2019;s market price such as when
there is no movement in the level of the underlying security.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;REITs. &lt;/i&gt;The Fund may invest in equity interests
and debt securities issued by REITs. REITs possess certain risks which differ from an investment in common stocks. REITs are financial
vehicles that pool investor&#x2019;s capital to purchase or finance real estate. REITs may concentrate their investments in specific geographic
areas or in specific property types (i.e., hotels, shopping malls, residential complexes and office buildings). The market value of REIT
shares and the ability of REITs to distribute income may be adversely affected by several factors, including rising interest rates, changes
in the national, state and local economic climate and real estate conditions, perceptions of prospective tenants of the safety, convenience
and attractiveness of the properties, the ability of the owners to provide adequate management, maintenance and insurance, the cost of
complying with the Americans with Disabilities Act, increased competition from new properties, the impact of present or future environmental
legislation and compliance with environmental laws, changes in real estate taxes and other operating expenses, adverse changes in governmental
rules and fiscal policies, adverse changes in zoning laws and other factors beyond the control of the REIT issuers. In addition, distributions
received by the Fund from REITs may consist of dividends, capital gains and/or return of capital. As REITs generally pay a higher rate
of dividends (on a pre-tax basis) than operating companies, to the extent application of the Fund&#x2019;s investment strategy results
in the Fund investing in REIT shares, the percentage of the Fund&#x2019;s dividend income received from REIT shares will likely exceed
the percentage of the Fund&#x2019;s portfolio which is comprised of REIT shares. There are three general categories of REITs: equity REITs,
mortgage REITs and hybrid REITs. Equity REITs invest primarily in direct fee ownership or leasehold ownership of real property; they derive
most of their income from rents. Mortgage REITs invest mostly in mortgages on real estate, which may secure construction, development
or long-term loans, and the main source of their income is mortgage interest payments. Hybrid REITs hold both ownership and mortgage interests
in real estate.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Depositary Receipts&lt;/i&gt;. The Fund may invest
in sponsored and unsponsored American Depositary Receipts (&#x201c;ADRs&#x201d;), European Depositary Receipts (&#x201c;EDRs&#x201d;), Global
Depositary Receipts (&#x201c;GDRs&#x201d;) and other similar global instruments. ADRs typically are issued by a U.S. bank or trust company
and evidence ownership of underlying securities issued by a non-U.S. corporation. EDRs, which are sometimes referred to as Continental
Depositary Receipts, are receipts issued in Europe, typically by non-U.S. banks and trust companies, that evidence ownership of either
non-U.S. or domestic underlying securities. GDRs are depositary receipts structured like global debt issues to facilitate trading on an
international basis.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Private Equity Funds&lt;/i&gt;. The Fund may invest
directly in private equity funds and listed private equity funds, which may include, among others, business development companies, investment
holding companies, publicly traded limited partnership interests (common units), publicly traded venture capital funds, publicly traded
venture capital trusts, publicly traded private equity funds, publicly traded private equity investment trusts, publicly traded closed-end
funds, publicly traded financial institutions that lend to or invest in privately held companies and any other publicly traded vehicle
whose purpose is to invest in privately held companies.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may invest in private equity funds and
listed private equity funds that emphasize making equity and equity-like (preferred stock, convertible stock and warrants) investments
in later stage to mature businesses, or may invest in other private equity funds making debt investments or investments in companies at
other stages of development. The Fund may also make these private equity investments directly. In addition, the Fund may invest in the
common stock of closed-end management investment companies, including business development companies that invest in securities of listed
private equity companies.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;An investment in a private fund may be made in
the primary offering of such fund&#x2019;s securities or acquired in the secondary market. Such investments may constitute &#x201c;restricted
securities&#x201d; within the meaning of Rule 144 promulgated under the Securities Act of 1933.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Adviser evaluates private funds based on the
depth of resources of management, consistency of investment process, prior investment performance, expenses, and purity of exposure to
an asset class using information contained in such private funds&#x2019; marketing materials, including private placement memoranda, and
gained from the Adviser&#x2019;s relationships with the management of such private funds. The Adviser aims to invest in private funds managed
by investment advisers who the Adviser believes have the ability to invest successfully in their respective strategy, geography, and/or
sector.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Foreign Investments and Emerging Markets&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;&#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Non-U.S. Securities. &lt;/i&gt;The Fund may invest
without limit in securities of non-U.S. issuers (&#x201c;Non-U.S. Securities&#x201d;). These securities may be U.S. dollar-denominated or
non-U.S. dollar-denominated and include: (i) debt obligations issued or guaranteed by foreign national, provincial, state, municipal or
other governments with taxing authority or by their agencies or instrumentalities, including securities created through the exchange of
existing commercial bank loans to sovereign entities for new obligations in connection with debt restructurings, commonly referred to
as &#x201c;Brady Bonds;&#x201d; (ii) debt obligations of supranational entities; (iii) debt obligations and other debt securities of foreign
corporate issuers; (iv) fixed income securities issued by corporations that generate significant profits from non-U.S. countries; and
(v) structured securities, including but not limited to, warrants, options and other derivatives, whose price is directly linked to Non-U.S.
Securities or indices of Non-U.S. Securities. Some Non-U.S. Securities may be less liquid and more volatile than securities of comparable
U.S. issuers. Similarly, there is less volume and liquidity in most foreign securities markets than in the United States and, at times,
greater price volatility than in the United States. Because evidence of ownership of such securities usually is held outside the United
States, the Fund will be subject to additional risks if it invests in Non-U.S. Securities, which include adverse political and economic
developments, seizure or nationalization of foreign deposits and adoption of governmental restrictions which might adversely affect or
restrict the payment of principal and interest or dividends on the foreign securities to investors located outside the country of the
issuer, whether from currency blockage or otherwise. Non-U.S. Securities may trade on days when the common shares are not priced or traded.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Emerging Markets Investments. &lt;/i&gt;The Fund
may invest without limitation in securities of issuers located in emerging market countries, including securities denominated in currencies
of emerging market countries. Emerging market countries generally include every nation in the world (including countries that may be considered
&#x201c;frontier&#x201d; markets) except the United States, Canada, Japan, Australia, New Zealand and most countries located in Western
Europe. There is no minimum rating criteria for the Fund&#x2019;s investments in such securities. These issuers may be subject to risks
that do not apply to issuers in larger, more developed countries. These risks are more pronounced to the extent the Fund invests significantly
in one country. Less information about emerging market issuers or markets may be available due to less rigorous disclosure and accounting
standards or regulatory practices. Emerging markets are smaller, less liquid and more volatile than U.S. markets. In a changing market,
the Adviser may not be able to sell the Fund&#x2019;s portfolio securities in amounts and at prices they consider reasonable. The U.S.
dollar may appreciate against non-U.S. currencies or an emerging market government may impose restrictions on currency conversion or trading.
The economies of emerging market countries may grow at a slower rate than expected or may experience a downturn or recession. Economic,
political and social developments may adversely affect emerging market countries and their securities markets.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Foreign Currency Transactions.&lt;/i&gt; The Fund&#x2019;s
common shares are priced in U.S. dollars and the distributions paid by the Fund to common shareholders are paid in U.S. dollars. However,
a portion of the Fund&#x2019;s assets may be denominated in non-U.S. currencies and the income received by the Fund from such securities
will be paid in non-U.S. currencies. The Fund also may invest in or gain exposure to non-U.S. currencies for investment or hedging purposes.
The Fund&#x2019;s investments in securities that trade in, or receive revenues in, non-U.S. currencies will be subject to currency risk,
which is the risk that fluctuations in the exchange rates between the U.S. dollar and foreign currencies may negatively affect an investment.
The Fund may (but is not required to) hedge some or all of its exposure to non-U.S. currencies through the use of derivative strategies,
including forward foreign currency exchange contracts, foreign currency futures contracts and options on foreign currencies and foreign
currency futures. Suitable hedging transactions may not be available in all circumstances and there can be no assurance that the Fund
will engage in such transactions at any given time or from time to time when they would be beneficial. Although the Fund has the flexibility
to engage in such transactions, the Adviser may determine not to do so or to do so only in unusual circumstances or market conditions.
These transactions may not be successful and may eliminate any chance for the Fund to benefit from favorable fluctuations in relevant
foreign currencies. The Fund may also use derivatives contracts for purposes of increasing exposure to a foreign currency or to shift
exposure to foreign currency fluctuations from one currency to another.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Other Investment Companies &lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In addition to investments in closed-end funds,
the Fund may invest in securities of other investment companies (including exchange-traded funds, business development companies and money
market funds, including other investment companies managed by the Adviser or its affiliates), subject to applicable regulatory limits,
that invest primarily securities of the types in which the Fund may invest directly. As a shareholder in an investment company, the Fund
will bear its ratable share of that investment company&#x2019;s expenses and will remain subject to payment of the Fund&#x2019;s advisory
and other fees and expenses with respect to assets so invested. Holders of common shares will therefore be subject to duplicative expenses
to the extent the Fund invests in other investment companies (except that it will not be subject to duplicate advisory fees with respect
to other investment companies managed by the Adviser or its affiliates). The Adviser will take expenses into account when evaluating the
investment merits of an investment in an investment company relative to available equity and/or fixed-income securities investments. In
addition, the securities of other investment companies may be leveraged and will therefore be subject to the same leverage risks to which
the Fund may be subject to the extent it employs a leverage strategy. Additionally, the Fund may invest in other investment companies
that have exposure to cryptocurrency.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Private Funds&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;&#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may invest in private funds that pursue
private credit, real estate, reinsurance, fixed income or equity strategies without preference to any sector in which such private funds
may invest. Additionally, the Fund may invest in private funds that have exposure to cryptocurrency. An investment in a private fund may
be made in the primary offering of such fund&#x2019;s securities or acquired in the secondary market. Such investments may constitute &#x201c;restricted
securities&#x201d; within the meaning of&#160;Rule 144&#160;promulgated under the&#160;Securities Act of 1933.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Adviser evaluates private funds based on the
depth of resources of management, consistency of investment process, prior investment performance, expenses, and purity of exposure to
an asset class using information contained in such private funds&#x2019; marketing materials, including private placement memoranda, and
gained from the Adviser&#x2019;s relationships with the management of such private funds. The Adviser aims to invest in private funds managed
by investment advisers who the Adviser believes have the ability to invest successfully in their respective strategy, geography, and/or
sector.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Other Investments/Techniques &lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;&#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Short-Term Debt Securities; Temporary Defensive
Positions; Invest-Up Period.&lt;/i&gt; During temporary defensive periods (e.g., times when, in the Adviser&#x2019;s opinion, temporary imbalances
of supply and demand or other temporary dislocations in the market adversely affect the price at which fixed income securities are available,
or in connection with the termination of the Fund) and in order to keep cash on hand fully invested, including the period during which
the net proceeds of this offering of common shares (or preferred shares, should the Fund determine to issue preferred shares in the future)
are being invested, the Fund may invest any percentage of its assets in liquid, short-term investments including high quality, short-term
securities and securities of other open- or closed-end investment companies that invest primarily in securities of the type in which the
Fund may invest directly. The Adviser&#x2019;s determination that they are temporarily unable to follow the Fund&#x2019;s investment strategy
or that it is impractical to do so will generally occur only in situations in which a market disruption event has occurred and where trading
in the securities selected through application of the Fund&#x2019;s investment strategy is extremely limited or absent or in connection
with the termination of the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Short Sales. &lt;/i&gt;The Fund may make short sales
of securities. A short sale is a transaction in which the Fund sells a security it does not own in anticipation that the market price
of that security will decline. The Fund may make short sales to hedge positions, for duration and risk management, in order to maintain
portfolio flexibility or to enhance income or gain. When the Fund makes a short sale, it must borrow the security sold short and deliver
it to the broker-dealer through which it made the short sale as collateral for its obligation to deliver the security upon conclusion
of the sale. The Fund may have to pay a fee to borrow particular securities and is often obligated to pay over any payments received on
such borrowed securities. The Fund&#x2019;s obligation to replace the borrowed security will be secured by collateral deposited with the
broker-dealer, usually cash, U.S. Government securities or other liquid securities. Depending on arrangements made with the broker-dealer
from which it borrowed the security regarding payment over of any payments received by the Fund on such security, the Fund may not receive
any payments (including interest) on its collateral deposited with such broker-dealer. If the price of the security sold short increases
between the time of the short sale and the time the Fund replaces the borrowed security, the Fund will incur a loss; conversely, if the
price declines, the Fund will realize a gain. Any gain will be decreased, and any loss increased, by the transaction costs described above.
Although the Fund&#x2019;s gain is limited to the price at which it sold the security short, its potential loss is theoretically unlimited.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Derivatives. &lt;/i&gt;The derivative instruments
(both exchange-traded and over-the-counter instruments) in which the Fund may invest include forwards (such as forward foreign currency
contracts, and forward interest rate agreements), futures (such as currency, equity, fixed income/debt (including interest rate), and
index futures), options (including options on swaps (commonly known as swaptions), options on futures, options on indices, writing (selling)
calls against positions in the portfolio (covered calls) or writing (selling) puts), structured investments (such as equity-linked notes),
and swaps (such as total return, credit default, credit default index, fixed income/debt (including interest rate swaps), and swaps on
index futures). The Fund typically will not gain investment exposure to the commodities markets directly, but may do so indirectly through
investment in one or more subsidiaries. The Fund may invest in derivatives for both hedging and non-hedging purposes, including, for example,
seeking to enhance returns or as a substitute for a position in an underlying asset, instrument, or other reference, to increase market
exposure and investment flexibility, or to obtain or reduce particular exposures.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;When-Issued, Delayed Delivery Securities and
Forward Commitment Securities.&lt;/i&gt;&#x2003;The Fund may purchase securities on a &#x201c;when-issued&#x201d; basis and may purchase or sell
securities on a &#x201c;forward commitment&#x201d; basis (including on a &#x201c;TBA&#x201d; (to be announced) basis) or on a &#x201c;delayed
delivery&#x201d; basis. When such transactions are negotiated, the price, which is generally expressed in yield terms, is fixed at the
time the commitment is made, but delivery and payment for the securities take place at a later date. When-issued securities and forward
commitments may be sold prior to the settlement date. If the Fund disposes of the right to acquire a when-issued security prior to its
acquisition or disposes of its right to deliver or receive against a forward commitment, it might incur a gain or loss. Pursuant to recommendations
of the Treasury Market Practices Group, which is sponsored by the Federal Reserve Board of New York, the Fund or its counterparty generally
is required to post collateral when entering into certain forward-settling transactions, including without limitation TBA transactions.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The market value of the securities underlying
a commitment to purchase securities, and any subsequent fluctuations in their market value, is taken into account when determining the
NAV of the Fund starting on the day the Fund agrees to purchase the securities. The Fund does not earn interest on the securities it has
committed to purchase until they are paid for and delivered on the settlement date.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Rule 18f-4 under the Investment Company Act permits
the Fund to enter into when-issued or forward-settling securities (e.g., firm and standby commitments, including TBA commitments, and
dollar rolls) and non-standard settlement cycle securities notwithstanding the limitation on the issuance of senior securities in Section
18 of the Investment Company Act, provided that the Fund intends to physically settle the transaction and the transaction will settle
within 35 days of its trade date (the &#x201c;Delayed-Settlement Securities Provision&#x201d;). If a when-issued, forward-settling or non-standard
settlement cycle security does not satisfy the Delayed-Settlement Securities Provision, then it is treated as a derivatives transaction
under Rule 18f-4.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;i&gt;Restricted and Illiquid Investments. &lt;/i&gt;The
Fund may invest without limitation in illiquid or less liquid investments or investments in which no secondary market is readily available
or which are otherwise illiquid, including private placement securities. Liquidity of an investment relates to the ability to dispose
easily of the investment and the price to be obtained upon disposition of the investment, which may be less than would be obtained for
a comparable more liquid investment. &#x201c;Illiquid investments&#x201d; are investments which cannot be sold within seven days in the
ordinary course of business at approximately the value used by the Fund in determining its NAV. Illiquid investments may trade at a discount
from comparable, more liquid investments. Illiquid investments are subject to legal or contractual restrictions on disposition or lack
an established secondary trading market.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify"&gt;LEVERAGE&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund uses leverage through directly borrowing
from banks. The Fund has entered into a $125 million Facility with TD Bank effective on July 20, 2021, which matures on January 20, 2026.
As of April 30, 2025, the Fund had $45 million outstanding drawn under the Facility. The use of leverage may also take the form of, without
limitation, any of the various financial instruments described herein, including derivative instruments which are inherently leveraged
and trading in products with embedded leverage such as options, short sales, swaps and forwards. The instruments and borrowings utilized
by the Fund to leverage investments may be collateralized by the Fund&#x2019;s portfolio, respectively.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The use of leverage will magnify the volatility
of changes in the value of the investments of the Fund. Accordingly, any event which adversely affects the value of an investment would
be magnified to the extent the investment is leveraged. The cumulative effect of the use of leverage by the Fund in a market that moves
adversely to its investments could result in substantial losses to the Fund, which would be greater than if the Fund was not leveraged.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;While leverage increases the buying power of the
Fund and presents opportunities for increasing total returns, it has the effect of potentially increasing losses as well. For example,
funds borrowed for leveraging will be subject to interest, transaction and other costs, and other types of leverage also involve transaction
and other costs. Any such costs may or may not be recovered by the return on the Fund&#x2019;s portfolio. Leverage would increase the investment
return of the Fund if an investment purchased with or utilizing leverage earns a greater return than the cost to the Fund of such leverage.
The use of leverage will decrease the investment return if the Fund fails to recover the cost of such leverage.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Certain types of leverage the Fund may use may
result in the Fund being subject to covenants relating to asset coverage and portfolio composition requirements. The Fund may be subject
to certain restrictions on investments imposed by one or more lenders or by guidelines of one or more rating agencies, which may issue
ratings for any short-term debt securities or preferred shares issued by the Fund. The terms of any borrowings or rating agency guidelines
may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the Investment Company Act.
The Adviser does not believe that these covenants or guidelines will impede it from managing the Fund&#x2019;s portfolio in accordance
with its investment objectives and policies if the Fund were to utilize leverage.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Under the Investment Company Act, the Fund is
not permitted to issue senior securities if, immediately after the issuance of such senior securities, the Fund would have an asset coverage
ratio (as defined in the Investment Company Act) of less than 300% with respect to senior securities representing indebtedness (i.e.,
for every dollar of indebtedness outstanding, the Fund is required to have at least three dollars of assets) or less than 200% with respect
to senior securities representing preferred shares (i.e., for every dollar of preferred shares outstanding, the Fund is required to have
at least two dollars of assets). The Investment Company Act also provides that the Fund may not declare distributions or purchase its
shares (including through tender offers) if, immediately after doing so, it will have an asset coverage ratio of less than 300% or 200%,
as applicable. Under the Investment Company Act, certain short-term borrowings (such as for cash management purposes) are not subject
to these limitations if (i) repaid within 60 days, (ii) not extended or renewed and (iii) not in excess of 5% of the total assets of the
Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Credit Facility&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund has entered into a $125 million Facility
with TD Bank effective on July 20, 2021, which matures on January 20, 2026. As of April 30, 2025, the Fund had $45 million outstanding
drawn under the Facility. The Facility provides a source of leverage and is collateralized by assets of the Fund. The Fund is required
to prepay outstanding amounts under this Facility or may incur a penalty rate of interest upon the occurrence of certain events of default.
The Fund is typically required to indemnify the lenders under the Facility against liabilities they may incur in connection therewith.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In addition, the Facility contains covenants that,
among other things, limit the Fund's ability to pay distributions in certain circumstances, incur additional debt, change certain of its
investment policies, and engage in certain transactions, including mergers and consolidations. The Facility also requires asset coverage
ratios in addition to those required by the Investment Company Act. The Fund is required to pledge its assets and to maintain a portion
of its assets in cash or high-grade securities as a reserve against interest or principal payments and expenses. The Facility has customary
covenant, negative covenant, and default provisions.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The terms and conditions of the Facility may be
subject to change upon renewal or refinancing, and there is no assurance that it will be replaced or refinanced on terms and conditions
representative of the foregoing, or that additional material terms will not apply. The Facility may in the future be replaced or refinanced
by one or more credit facilities having substantially different terms or by the issuance of preferred shares.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Preferred Shares&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is permitted to leverage its portfolio
by issuing preferred shares. Under the Investment Company Act, the Fund is not permitted to issue preferred shares if, immediately after
such issuance, the liquidation value of the Fund&#x2019;s outstanding preferred shares exceeds 50% of its assets (including the proceeds
from the issuance) less liabilities other than borrowings (i.e., the value of the Fund&#x2019;s assets must be at least 200% of the liquidation
value of its outstanding preferred shares). In addition, the Fund would not be permitted to declare any cash dividend or other distribution
on its common shares unless, at the time of such declaration, the value of the Fund&#x2019;s assets less liabilities other than borrowings
is at least 200% of such liquidation value.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund expects that preferred shares, if issued,
will pay adjustable rate dividends based on shorter-term interest rates, which would be redetermined periodically by a fixed spread or
remarketing process, subject to a maximum rate which would increase over time in the event of an extended period of unsuccessful remarketing.
The adjustment period for preferred share dividends could be as short as one day or as long as a year or more. Preferred shares, if issued,
could include a liquidity feature that allows holders of preferred shares to have their shares purchased by a liquidity provider in the
event that sell orders have not been matched with purchase orders and successfully settled in a remarketing. The Fund expects that it
would pay a fee to the provider of this liquidity feature, which would be borne by common shareholders of the Fund. The terms of such
liquidity feature could require the Fund to redeem preferred shares still owned by the liquidity provider following a certain period of
continuous, unsuccessful remarketing, which may adversely impact the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;If preferred shares are issued, the Fund may,
to the extent possible, purchase or redeem preferred shares from time to time to the extent necessary in order to maintain asset coverage
of any preferred shares of at least 200%. In addition, as a condition to obtaining ratings on the preferred shares, the terms of any preferred
shares issued are expected to include asset coverage maintenance provisions which will require the redemption of the preferred shares
in the event of non-compliance by the Fund and may also prohibit dividends and other distributions on the common shares in such circumstances.
In order to meet redemption requirements, the Fund may have to liquidate portfolio securities. Such liquidations and redemptions would
cause the Fund to incur related transaction costs and could result in capital losses to the Fund. Prohibitions on dividends and other
distributions on the common shares could impair the Fund&#x2019;s ability to qualify as a regulated investment company (&#x201c;RIC&#x201d;)
under the Code.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;If the Fund issues preferred shares, the Fund
expects that it will be subject to certain restrictions imposed by guidelines of one or more rating agencies that may issue ratings for
preferred shares issued by the Fund. These guidelines are expected to impose asset coverage or portfolio composition requirements that
are more stringent than those imposed on the Fund by the Investment Company Act. It is not anticipated that these covenants or guidelines
would impede the Adviser from managing the Fund&#x2019;s portfolio in accordance with the Fund&#x2019;s investment objectives and policies.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Derivatives&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may enter into derivative transactions
that have leverage embedded in them. Derivative transactions that the Fund may enter into and the risks associated with them are described
elsewhere in this Prospectus. The Fund cannot assure you that investments in derivative transactions that have leverage embedded in them
will result in a higher return on its common shares.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Under Rule 18f-4 under the Investment Company
Act, among other things, the Fund must either use derivatives in a limited manner or comply with an outer limit on fund leverage risk
based on value-at-risk.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Disposition of Investments&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;From a fundamental perspective, an investment
may be sold if the investment does not meet original performance expectations or if the investment thesis no longer applies because of
changes in the underlying fundamentals of the investment, business or industry. Investments also may be sold if a price or value target
is achieved or if credit deterioration occurs. In addition, from a relative value perspective, the Adviser may decide to sell an investment
if it believes there are better risk/reward opportunities available or there is a risk of default or loss of principal.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Temporary Borrowings&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may also borrow money as a temporary
measure for extraordinary or emergency purposes, including the payment of dividends and the settlement of securities transactions which
otherwise might require untimely dispositions of Fund securities.&lt;/p&gt;

</cef:InvestmentObjectivesAndPracticesTextBlock>
    <cef:RiskFactorsTableTextBlock contextRef="AsOf2025-07-03" id="Fact000142">&lt;p id="xdx_A80_ecef--RiskFactorsTableTextBlock_zFFry4a5tz2b" style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify"&gt;RISKS&lt;/p&gt;

&lt;p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;An investment in the Fund involves risks, including
closed-end structure risk, market risk, issuer risk, interest rate risk, and credit risk, among others. Descriptions of these and other
risks of investing in the Fund are provided below (in alphabetical order). &lt;i&gt;There is no assurance that the Fund will achieve its investment
objectives and you may lose money&lt;/i&gt;. The value of the Fund&#x2019;s holdings may decline, and the Fund&#x2019;s NAV and share price may
go down. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency. The significance of any specific risk to an investment in the Fund will vary over time depending on the
composition of the Fund&#x2019;s portfolio, market conditions, and other factors. You should read all of the risk information below carefully,
because any one or more of these risk may result in losses to the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_983_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ActiveManagementRiskMember_zb7DPmLgKal2"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Active Management Risk &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is actively managed and its performance
therefore will reflect, in part, the ability of the portfolio managers to make investment decisions that seek to achieve the Fund&#x2019;s
investment objective. Due to its active management, the Fund could underperform its benchmark index and/or other funds with similar investment
objectives and/or strategies.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_985_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ActivistStrategiesRiskMember_zJZS20jLF82d"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Activist Strategies Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may purchase securities of a company
that is the subject of a proxy contest or which activist investors, which could include the Fund and other accounts/funds affiliated with
the Adviser, are attempting to influence, in the expectation that new management or a change in business strategies will cause the price
of the company&#x2019;s securities to increase. If the proxy contest, or the new management, is not successful, the market price of the
company&#x2019;s securities will typically fall.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In addition, where an acquisition or restructuring
transaction or proxy fight is opposed by the subject company&#x2019;s management, the transaction often becomes the subject of litigation.
Such litigation involves substantial uncertainties and may impose substantial cost and expense on the Fund.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98E_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--BankLoansRiskMember_zQO1zVII3zxb"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Bank Loans Risk &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund's investment program may include investments
in of bank loans and participations. These obligations are subject to unique risks, including: (i) the possible invalidation of an investment
transaction as a fraudulent conveyance under relevant creditors' rights laws; (ii) so-called lender-liability claims by the issuer of
the obligations; (iii) environmental liabilities that may arise with respect to collateral securing the obligations; and (iv) limitations
on the ability of the Fund to directly enforce its rights with respect to participations. In analyzing each bank loan or participation,
the Adviser attempts to compare the relative significance of the risks against the expected benefits of the investment. Successful claims
by third parties arising from these and other risks will be borne by the Fund. As secondary market trading volumes increase, new loans
are frequently adopting standardized documentation to facilitate loan trading, which may improve market liquidity. There can be no assurance,
however, that future levels of supply and demand in loan trading will provide an adequate degree of liquidity or that the current level
of liquidity will continue. Because of the provision to holders of such loans of confidential information relating to the borrower, the
unique and customized nature of the loan agreement, and the private syndication of the loan, loans are not as easily purchased or sold
as a publicly traded security, and historically the trading volume in the loan market has been small relative to the high-yield debt market.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CatastropheBondsRiskMember_zXmqS5mGipdf"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Catastrophe Bonds Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Event-linked or catastrophe bonds carry material
uncertainties and risk exposures to adverse conditions. If a trigger event, as defined within the terms of the bond, involves losses or
other metrics exceeding a specific magnitude in the geographic region and time period specified therein, the Fund may lose a portion or
all of its investment in such security, including accrued interest and/or principal invested in such security. Because catastrophe bonds
cover &#x201c;catastrophic&#x201d; events that, if they occur, will result in significant losses, catastrophe bonds carry a high degree
of risk of loss and are considered &#x201c;high yield&#x201d; or &#x201c;junk bonds.&#x201d; The rating, if any, primarily reflects the rating
agency&#x2019;s calculated probability that a predefined trigger event will occur. Thus, lower-rated bonds have a greater likelihood of
a triggering event occurring and loss to the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Catastrophe bonds are also subject to extension
risk. The sponsor of such an investment might have the right to extend the maturity of the bond or note to verify that the trigger event
did occur or to process and audit insurance claims. The typical duration of mandatory and optional extensions of maturity for reinsurance-related
securities currently is between three months to two years. In certain circumstances, the extension may exceed two years. An extension
to verify the potential occurrence of a trigger event will reduce the value of the bond or note due to the uncertainty of the occurrence
of the trigger event and will hinder the Fund&#x2019;s ability to sell the bond or note. Even if it is determined that the trigger event
did not occur, such an extension will delay the Fund&#x2019;s receipt of the bond&#x2019;s or note&#x2019;s principal and prevent the reinvestment
of such proceeds in other, potentially higher yielding securities.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ClosedEndFundStructureRiskMember_zmYrkh8WjN35"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Closed-End Fund Structure Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Unlike open-end funds, closed-end funds like the
Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy additional common
shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise. Because the market
value of the common shares may be influenced by such factors as dividend levels (which are in turn affected by expenses), call protection
on its portfolio securities, dividend stability, portfolio credit quality, the Fund&#x2019;s NAV, relative demand for and supply of such
shares in the market, general market and economic conditions and other factors beyond the control of the Fund, the Fund cannot assure
you that its common shares will trade at a price equal to or higher than NAV in the future. The common shares are designed primarily for
long-term investors and you should not purchase the common shares if you intend to sell them soon after purchase.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CoInvestmentRestrictionsMember_zKrB6CTY5JWe"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Co-investment Restrictions&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is prohibited under the Investment Company
Act from participating in certain transactions with its affiliates without the prior approval of the SEC. Any person that owns, directly
or indirectly, 5% or more of the Fund&#x2019;s outstanding voting securities will be its affiliate for purposes of the Investment Company
Act and the Fund will generally be prohibited from buying or selling any securities from or to such affiliate. The Investment Company
Act also prohibits certain &#x201c;joint&#x201d; transactions with certain of the Fund&#x2019;s affiliates, which could include investments
in the same portfolio company (whether at the same or different times), without prior approval of the SEC. If a person acquires more than
25% of the Fund&#x2019;s voting securities, the Fund will be prohibited from buying or selling any security from or to such person or certain
of that person&#x2019;s affiliates, or entering into prohibited joint transactions with such persons, absent the prior approval of the
SEC. Similar restrictions limit the Fund&#x2019;s ability to transact business with the Fund&#x2019;s officers or Trustees or its affiliates.
As a result of these restrictions, the Fund may be prohibited from buying or selling any security from or to any portfolio company of
an investment fund managed by the Adviser or its affiliates without the prior approval of the SEC, which may limit the scope of investment
opportunities that would otherwise be available to the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Adviser has applied for an exemptive order
from the SEC (the &#x201c;Order&#x201d;) that would grant the funds managed by the Adviser or certain affiliates, the ability to fully negotiate
terms of co-investment transactions with other funds managed by the Adviser or certain affiliates, subject to the conditions included
therein. There is no assurance that the Adviser will receive the Order on a timely basis or at all. Until the Adviser receives the Order,
the Fund will not be permitted to participate in certain investments with the Adviser&#x2019;s other funds or its affiliates. Even if the
Order is granted, in certain situations, such as when there is an opportunity to invest in different securities of the same issuer, the
personnel of the Adviser or its affiliates will need to decide which client will proceed with the investment. Such personnel will make
these determinations based on policies and procedures, which are designed to reasonably ensure that investment opportunities are allocated
fairly and equitably among affiliated funds over time and in a manner that is consistent with applicable laws, rules and regulations.
When the Fund participates in a co-investment transaction, the personnel of the Adviser allocates a portion of the investment to the Fund
based on the Fund&#x2019;s investment objective and strategies, investment policies, investment positions, capital available for investment,
and other pertinent factors. Any co-investment is made on equal footing with the funds managed by the Adviser or its affiliates, including
identical terms, conditions, price, class of securities purchased, timing, and registration rights. To the extent the Fund is able to
make co-investments with the Adviser&#x2019;s affiliates, these co-investment transactions may give rise to conflicts of interest or perceived
conflicts of interest among the Fund and the other participating accounts. Moreover, except in certain circumstances, when relying on
the Order, the Fund is unable to invest in any issuer in which one or more funds managed by the Adviser or its affiliates has previously
invested.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may also invest alongside the Adviser&#x2019;s
and its affiliates&#x2019; other clients, including other entities they manage, which are referred to as affiliates&#x2019; other clients,
in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations and guidance as well as the Adviser&#x2019;s
allocation policies. However, the Fund can offer no assurance that investment opportunities will be allocated to it fairly or equitably
in the short-term or over time.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In situations where co-investment with affiliates&#x2019;
other clients is not permitted under the Investment Company Act of 1940, as amended (the &#x201c;1940 Act&#x201d;) and related rules, existing
or future staff guidance, or the terms and conditions of any exemptive relief granted to the Fund by the SEC, the Adviser will need to
decide which client or clients will proceed with the investment. Generally, the Fund will not have an entitlement to make a co-investment
in these circumstances and, to the extent that another client elects to proceed with the investment, the Fund will not be permitted to
participate. Moreover, except in certain circumstances, the Fund is unable to invest in any issuer in which an affiliates&#x2019; other
client holds a controlling interest. These restrictions may limit the scope of investment opportunities that would otherwise be available
to the Fund.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98A_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ConvertibleSecuritiesRiskMember_z0MbnNXj8gVd"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Convertible Securities Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Convertible securities are subject to the usual
risks associated with debt instruments, such as interest rate risk (the risk of losses attributable to changes in interest rates) and
credit risk (the risk that the issuer of a debt instrument will default or otherwise become unable, or be perceived to be unable or unwilling,
to honor a financial obligation, such as making payments to the Fund when due). Convertible securities also react to changes in the value
of the common stock into which they convert, and are thus subject to market risk (the risk that the market values of securities or other
investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise). Because the value of a convertible security
can be influenced by both interest rates and the common stock's market movements, a convertible security generally is not as sensitive
to interest rates as a similar debt instrument, and generally will not vary in value in response to other factors to the same extent as
the underlying common stock. In the event of a liquidation of the issuing company, holders of convertible securities would typically be
paid before the company's common stockholders but after holders of any senior debt obligations of the company. The Fund may be forced
to convert a convertible security before it otherwise would choose to do so, which may decrease the Fund's return.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98E_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CorporateBondsRiskMember_znUdRzqEAd5c"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Corporate Bonds Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The market value of a corporate bond generally
may be expected to rise and fall inversely with interest rates. The market value of intermediate and longer-term corporate bonds is generally
more sensitive to changes in interest rates than is the market value of shorter-term corporate bonds. The market value of a corporate
bond also may be affected by factors directly related to the issuer, such as investors&#x2019; perceptions of the creditworthiness of the
issuer, the issuer&#x2019;s financial performance, perceptions of the issuer in the market place, performance of management of the issuer,
the issuer&#x2019;s capital structure and use of financial leverage and demand for the issuer&#x2019;s goods and services. There is a risk
that the issuers of corporate bonds may not be able to meet their obligations on interest or principal payments at the time called for
by an instrument. Corporate bonds of below investment grade quality are often high risk and have speculative characteristics and may be
particularly susceptible to adverse issuer-specific developments.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CounterpartyRiskMember_zUczR2YitKM7"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Counterparty Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The risk exists that a counterparty to a transaction
in a financial instrument held by the Fund or by a special purpose or structured vehicle in which the Fund invests may become insolvent
or otherwise fail to perform its obligations, including making payments to the Fund, due to financial difficulties. The Fund may obtain
no or limited recovery in a bankruptcy or other reorganizational proceedings, and any recovery may be significantly delayed. Transactions
that the Fund enters into may involve counterparties in the financials sector and, as a result, events affecting the financials sector
may cause the Fund&#x2019;s NAV to fluctuate.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CreditDefaultSwapsRiskMember_zsQLchIe32Pj"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Credit Default Swaps Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may invest in credit default swaps. A
credit default swap is a contract between two parties which transfers the risk of loss if a company fails to pay principal or interest
on time or files for bankruptcy. In essence, an institution which owns corporate debt instruments can purchase a limited form of default
protection by entering into a credit default swap with another bank, broker-dealer or financial intermediary. Upon an event of default,
the swap may be terminated in one of two ways: (i) by the purchaser of credit protection delivering the referenced instrument to the swap
counterparty and receiving a payment of par value, or (ii) by the parties pairing off payments, with the purchaser of the protection receiving
a payment equal to the par value of the reference security less the price at which the reference security trades subsequent to default.
The first way is the more common form of credit default swap termination.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In the manner described above, credit default
swaps can be used to hedge a portion of the default risk on a single corporate bond or a portfolio of bonds. Credit default swaps can
be used to implement the Adviser&#x2019;s view that a particular credit, or group of credits, will experience credit improvement. In the
case of expected credit improvement, the Fund may sell credit default protection in which it receives a premium to take on the risk. In
such an instance, the obligation of the Fund to make payments upon the occurrence of a credit event creates leveraged exposure to the
credit risk of the referenced entity. The Fund may also &#x201c;purchase&#x201d; credit default protection even in the case in which it
does not own the referenced instrument if, in the judgment of the Adviser, there is a high likelihood of credit deterioration.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Credit default swap agreements involve greater
risks than if the Fund had taken a position in the reference obligation directly (either by purchasing or selling) since, in addition
to general market risks, credit default swaps are subject to illiquidity risk, counterparty risk and credit risks. A buyer generally will
also lose its upfront payment or any periodic payments it makes to the seller counterparty and receive no payments from its counterparty
should no credit event occur and the swap is held to its termination date. If a credit event were to occur, the value of any deliverable
obligation received by the seller, coupled with the upfront or periodic payments previously received, may be less than the full notional
amount it pays to the buyer, resulting in a loss of value to the seller. A seller of a credit default swap or similar instrument is exposed
to many of the same risks of leverage since, if a credit event occurs, the seller generally will be required to pay the buyer the full
notional amount of the contract net of any amounts owed by the buyer related to its delivery of deliverable obligations.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In addition, the credit derivatives market is
subject to a changing regulatory environment. It is possible that regulatory or other developments in the credit derivatives market could
adversely affect the Fund&#x2019;s ability to successfully use credit derivatives.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CreditRisksMember_zL4QMvyeWALk"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Credit Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Credit risk is the risk that the value of debt
instruments may decline if the issuer thereof defaults or otherwise becomes unable or unwilling, or is perceived to be unable or unwilling,
to honor its financial obligations, such as making payments to the Fund when due. Various factors could affect the actual or perceived
willingness or ability of the issuer to make timely interest or principal payments, including changes in the financial condition of the
issuer or in general economic conditions. Credit rating agencies assign credit ratings to certain debt instruments to indicate their credit
risk. A rating downgrade by such agencies can negatively impact the value of such instruments. Lower quality or unrated instruments held
by the Fund may present increased credit risk as compared to higher-rated instruments. Non-investment grade debt instruments may be subject
to greater price fluctuations and are more likely to experience a default than investment grade debt instruments and therefore may expose
the Fund to increased credit risk. If the Fund purchases unrated instruments, or if the ratings of instruments held by the Fund are lowered
after purchase, the Fund will depend on analysis of credit risk more heavily than usual.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_985_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember_z5g5zYTJHow3"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Risks Relating to Investments in Exchange Traded
Funds/Trusts that invest in cryptocurrencies or similar digital assets that utilize blockchain technology. &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Consistent with the Fund&#x2019;s closed-end fund
investment approach, where the Fund seeks to capitalize on the difference between a closed-end fund&#x2019;s aggregate asset value and
its net asset value, the Fund has and may in the future invest in exchange traded investment funds/trusts that invest in cryptocurrencies
or similar assets that utilize blockchain technology (such as, the Grayscale Bitcoin Trust) and the Fund may hedge such investments through
the use of other securities (including other exchange trade funds that own virtual currencies) and derivatives of virtual currencies,
in each case, to the extent permitted by, and in accordance with, any future law, regulation, guidance, or exemptive relief provided by
the SEC or its staff or other regulatory agency or body having jurisdiction. The Fund expects that any such investments are likely to
constitute only a small proportion of its portfolio.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CurrencyRiskMember_z5ZJa6eYc7nd"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Currency Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund's investments that are denominated in
a foreign currency are subject to the risk that the value of a particular currency will change in relation to one or more other currencies.
Among the factors that may affect currency values are trade balances, the level of short-term interest rates, differences in relative
values of similar assets in different currencies, long-term opportunities for investment and capital appreciation and political developments.
The Adviser may try to hedge these risks by investing directly in foreign currencies, buying and selling forward foreign currency exchange
contracts and buying and selling options on foreign currencies, but there can be no assurance such strategies will be effective.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_986_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--CybersecurityRiskMember_zfxsfjGSu1za"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Cybersecurity Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;As part of its business, the Adviser processes,
stores and transmits large amounts of electronic information, including information relating to the transactions of the Fund. Similarly,
service providers of the Adviser, the Fund, especially the administrator, may process, store and transmit such information. The Adviser
has procedures and systems in place that it believes are reasonably designed to protect such information and prevent data loss and security
breaches. However, such measures cannot provide absolute security. The techniques used to obtain unauthorized access to data, disable
or degrade service, or sabotage systems change frequently and may be difficult to detect for long periods of time. Hardware or software
acquired from third parties may contain defects in design or manufacture or other problems that could unexpectedly compromise information
security. Network connected services provided by third parties to the Adviser may be susceptible to compromise, leading to a breach of
the Adviser&#x2019;s network. The Adviser&#x2019;s systems or facilities may be susceptible to employee error or malfeasance, government
surveillance, or other security threats. On-line services that may be provided by the Adviser to the investors in the Fund may also be
susceptible to compromise. Breach of the Adviser&#x2019;s information systems may cause information relating to the transactions of the
Fund to be lost or improperly accessed, used or disclosed.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The service providers of the Adviser and the Fund
are subject to the same electronic information security threats as the Adviser. If a service provider fails to adopt or adhere to adequate
data security policies, or in the event of a breach of its networks, information relating to the transactions of the Fund and personally
identifiable information of investors in the Fund may be lost or improperly accessed, used or disclosed.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The loss or improper access, use or disclosure
of the Adviser&#x2019;s or the Fund's proprietary information may cause the Adviser or the Fund to suffer, among other things, financial
loss, the disruption of its business, liability to third parties, regulatory intervention or reputational damage. Any of the foregoing
events could have a material adverse effect on the Fund.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_983_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DecisionMakingAuthorityRiskMember_zUQeUJ1ERrFk"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Decision-Making Authority Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Investors have no authority to make decisions
or to exercise business discretion on behalf of the Fund, except as set forth in the Fund&#x2019;s governing documents. The authority for
all such decisions is generally delegated to the Board, which in turn, has delegated the day-to-day management of the Fund&#x2019;s investment
activities to the Adviser, subject to oversight by the Board.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DeflationRiskMember_zbao94VYhw11"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Deflation Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Deflation risk is the risk that prices throughout
the economy decline over time, which may have an adverse effect on the market valuation of companies, their assets and their revenues.
In addition, deflation may have an adverse effect on the creditworthiness of issuers and may make issuer default more likely, which may
result in a decline in the value of the Fund&#x2019;s portfolio.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98D_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DefensiveInvestingRiskMember_zVcnwON2KoVk"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Defensive Investing Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;For defensive purposes, the Fund may allocate
assets into cash or short-term fixed-income securities without limitation. In doing so, the Fund may succeed in avoiding losses but may
otherwise fail to achieve its investment objectives. Further, the value of short-term fixed-income securities may be affected by changing
interest rates and by changes in credit ratings of the investments. If the Fund holds cash uninvested it will be subject to the credit
risk of the depository institution holding the cash.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DepositaryReceiptsRiskMember_zjI4yZZogA4i"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Depositary Receipts Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Depositary receipts are receipts issued by a bank
or trust company reflecting ownership of underlying securities issued by foreign companies. Some foreign securities are traded in the
form of American Depositary Receipts (&#x201c;ADRs&#x201d;) and/or Global Depositary Receipts. Depositary receipts involve risks similar
to the risks associated with investments in foreign securities, including those associated with an issuer&#x2019;s (and any of its related
companies&#x2019;) country of organization and places of business operations, which may be related to the particular political, regulatory,
economic, social and other conditions or events (including, for example, military confrontations and actions, war, other conflicts, terrorism
and disease/virus outbreaks and epidemics) occurring in the country and fluctuations in such country&#x2019;s currency, as well as market
risk tied to the underlying foreign company. In addition, holders of depositary receipts may have limited voting rights, may not have
the same rights afforded to stockholders of a typical domestic company in the event of a corporate action, such as an acquisition, merger
or rights offering, and may experience difficulty in receiving company stockholder communications. There is no guarantee that a financial
institution will continue to sponsor a depositary receipt, or that a depositary receipt will continue to trade on an exchange, either
of which could adversely affect the liquidity, availability and pricing of the depositary receipt. Changes in foreign currency exchange
rates will affect the value of depositary receipts and, therefore, may affect the value of your investment in the Fund. A potential conflict
of interest exists to the extent that the Fund invests in ADRs for which the Fund&#x2019;s custodian serves as depository bank.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivatesRiskMember_zoq87xQgM1c"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivates Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Derivatives may involve significant risks. Derivatives
are financial instruments, traded on an exchange or in the over-the-counter (OTC) markets, with a value in relation to, or derived from,
the value of an underlying asset(s) (such as a security, commodity or currency) or other reference, such as an index, rate or other economic
indicator (each an underlying reference). Derivatives may include those that are privately placed or otherwise exempt from SEC registration,
including certain Rule 144A eligible securities. Derivatives could result in Fund losses if the underlying reference does not perform
as anticipated. Use of derivatives is a highly specialized activity that can involve investment techniques, risks, and tax planning different
from those associated with more traditional investment instruments. The Fund&#x2019;s derivatives strategy may not be successful and use
of certain derivatives could result in substantial, potentially unlimited, losses to the Fund regardless of the Fund&#x2019;s actual investment.
A relatively small movement in the price, rate or other economic indicator associated with the underlying reference may result in substantial
loss for the Fund. Derivatives may be more volatile than other types of investments. Derivatives can increase the Fund&#x2019;s risk exposure
to underlying references and their attendant risks, including the risk of an adverse credit event associated with the underlying reference
(credit risk), the risk of an adverse movement in the value, price or rate of the underlying reference (market risk), the risk of an adverse
movement in the value of underlying currencies (foreign currency risk) and the risk of an adverse movement in underlying interest rates
(interest rate risk).&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Derivatives may expose the Fund to additional
risks, including the risk of loss due to a derivative position that is imperfectly correlated with the underlying reference it is intended
to hedge or replicate (correlation risk), the risk that a counterparty will fail to perform as agreed (counterparty risk), the risk that
a hedging strategy may fail to mitigate losses, and may offset gains (hedging risk), the risk that the return on an investment may not
keep pace with inflation (inflation risk), the risk that losses may be greater than the amount invested (leverage risk), the risk that
the Fund may be unable to sell an investment at an advantageous time or price (liquidity risk), the risk that the investment may be difficult
to value (pricing risk), and the risk that the price or value of the investment fluctuates significantly over short periods of time (volatility
risk). The value of derivatives may be influenced by a variety of factors, including national and international political and economic
developments. Potential changes to the regulation of the derivatives markets may make derivatives more costly, may limit the market for
derivatives, or may otherwise adversely affect the value or performance of derivatives.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivatesRiskFuturesContractsRiskMember_zDdvXUcrPv5a"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivates Risk &#x2013; Futures Contracts Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;A futures contract is an exchange-traded derivative
transaction between two parties in which a buyer (holding the &#x201c;long&#x201d; position) agrees to pay a fixed price (or rate) at a
specified future date for delivery of an underlying reference from a seller (holding the &#x201c;short&#x201d; position). The seller hopes
that the market price on the delivery date is less than the agreed upon price, while the buyer hopes for the contrary. Certain futures
contract markets are highly volatile, and futures contracts may be illiquid. Futures exchanges may limit fluctuations in futures contract
prices by imposing a maximum permissible daily price movement. The Fund may be disadvantaged if it is prohibited from executing a trade
outside the daily permissible price movement. At or prior to maturity of a futures contract, the Fund may enter into an offsetting contract
and may incur a loss to the extent there has been adverse movement in futures contract prices. The liquidity of the futures markets depends
on participants entering into offsetting transactions rather than making or taking delivery. To the extent participants make or take delivery,
liquidity in the futures market could be reduced. Positions in futures contracts may be closed out only on the exchange on which they
were entered into or through a linked exchange, and no secondary market exists for such contracts. Futures positions are marked to market
each day and variation margin payment must be paid to or by the Fund. Because of the low margin deposits normally required in futures
trading, it is possible that the Fund may employ a high degree of leverage in the portfolio. As a result, a relatively small price movement
in a futures contract may result in substantial losses to the Fund, exceeding the amount of the margin paid. For certain types of futures
contracts, losses are potentially unlimited. Futures markets are highly volatile and the use of futures may increase the volatility of
the Fund&#x2019;s NAV. Futures contracts executed (if any) on foreign exchanges may not provide the same protection as U.S. exchanges.
Futures contracts can increase the Fund&#x2019;s risk exposure to underlying references and their attendant risks, such as credit risk,
market risk, foreign currency risk and interest rate risk, while also exposing the Fund to correlation risk, counterparty risk, hedging
risk, inflation risk, leverage risk, liquidity risk, pricing risk and volatility risk.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivativesRiskOptionsRiskMember_zME4dzN8nbFk"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivatives Risk &#x2013; Options Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Options are derivatives that give the purchaser
the option to buy (call) or sell (put) an underlying reference from or to a counterparty at a specified price (the strike price) on or
before an expiration date. When writing options, the Fund is exposed to the risk that it may be required to buy or sell the underlying&lt;br/&gt;
reference at a disadvantageous price on or before the expiration date. Options may involve economic leverage, which could result in greater
volatility in price movement. The Fund&#x2019;s losses could be significant, and are potentially unlimited for certain types of options.
Options may be traded on a securities exchange or in the over-the-counter market. At or prior to maturity of an options contract, the
Fund may enter into an offsetting contract and may incur a loss to the extent there has been adverse movement in options prices. Options
can increase the Fund&#x2019;s risk exposure to underlying references and their attendant risks, such as credit risk, market risk, foreign
currency risk and interest rate risk, while potentially exposing the Fund to correlation risk, counterparty risk, hedging risk, inflation
risk, leverage risk, liquidity risk, pricing risk and volatility risk.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivativesRiskRegulationMember_zDRDyR6J71jk"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivatives Risk &#x2013; Regulation &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;There are many rules related to derivatives that
may negatively impact the Fund, such as requirements related to recordkeeping, reporting, portfolio reconciliation, central clearing,
minimum margin for uncleared over-the- counter instruments and mandatory trading on electronic facilities, and other transaction-level
obligations. Parties that act as dealers in swaps, are also subject to extensive business conduct standards, additional &#x201c;know your
counterparty&#x201d; obligations, documentation standards and capital requirements. All of these requirements add costs to the legal, operational
and compliance obligations of the Adviser and the Fund, and increase the amount of time that the Adviser spends on non-investment-related
activities. Requirements such as these also raise the costs of entering into derivative transactions, and these increased costs will likely
be passed on to the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;These rules are operationally and technologically
burdensome for the Adviser and the Fund. These compliance obligations require employee training and use of technology, and there are operational
risks borne by the Fund in implementing procedures to comply with many of these additional obligations.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;These regulations may also result in the Fund
forgoing the use of certain trading counterparties (such as broker-dealers and futures commission merchants (&#x201c;FCMs&#x201d;)), as
the use of other parties may be more efficient for the Fund from a regulatory perspective. However, this could limit the Fund's trading
activities, create losses, preclude the Fund from engaging in certain transactions or prevent the Fund from trading at optimal rates and
terms.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Many of these requirements were implemented under
legislation intended to reform the U.S. financial regulatory system, the EU Regulation on OTC Derivatives, Central Counterparties and
Trade Repositories (known as the European Market Infrastructure Regulation, or &#x201c;EMIR&#x201d;) and similar regulations globally. In
the United States, regulatory responsibility for derivatives is divided between the SEC and the Commodities Futures Trading Commission
(&#x201c;CFTC&#x201d;), a distinction that does not exist in any other jurisdiction. The SEC has regulatory authority over &#x201c;security-based
swaps&#x201d; and the CFTC has regulatory authority over &#x201c;swaps&#x201d;. EMIR is being implemented in phases through the adoption
of delegated acts by the European Commission. As a result of the SEC and CFTC bifurcation and the different pace at which the SEC, the
CFTC, the European Commission and other international regulators have promulgated necessary regulations, different transactions are subject
to different levels of regulation. Though many rules and regulations have been finalized, there are others, particularly SEC regulations
with respect to security-based swaps that are still in the proposal stage or are expected to be introduced in the future.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DerivativesRiskSwapsRiskMember_z0FWR1BfVb0l"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivatives Risk &#x2013; Swaps Risk. &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In a typical swap transaction, two parties agree
to exchange the return earned on a specified underlying reference for a fixed return or the return from another underlying reference during
a specified period of time. Swaps may be difficult to value and may be illiquid. Swaps could result in Fund losses if the underlying asset
or reference does not perform as anticipated. Swaps create significant investment leverage such that a relatively small price movement
in a swap may result in immediate and substantial losses to the Fund. The Fund may only close out a swap with its particular counterparty
and may only transfer a position with the consent of that counterparty. Certain swaps, such as short swap transactions and total return
swaps, have the potential for unlimited losses, regardless of the size of the initial position. Swaps can increase the Fund&#x2019;s risk
exposure to underlying references and their attendant risks, such as credit risk, market risk and interest rate risk, while potentially
exposing the Fund to leverage risk, counterparty risk (i.e., the risk of counterparty default on its obligations under the swap agreement),
illiquidity risk, valuation risk and volatility risk.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_981_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--DistressedAndDefaultedSecuritiesRiskMember_zwdKgZkGMj31"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Distressed and Defaulted Securities Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Investments in the securities of financially distressed
issuers are speculative and involve substantial risks. These securities may present a substantial risk of default or may be in default
at the time of investment. The Fund may incur additional expenses to the extent it is required to seek recovery upon a default in the
payment of principal or interest on its portfolio holdings. In any reorganization or liquidation proceeding relating to a portfolio company,
the Fund may lose its entire investment or may be required to accept cash or securities with a value less than its original investment.
Among the risks inherent in investments in a troubled entity is that it frequently may be difficult to obtain information as to the true
financial condition of such issuer. The Adviser&#x2019;s judgment about the credit quality of the issuer and the relative value and liquidity
of its securities may prove to be wrong. Distressed securities and any securities received in an exchange for such securities may be subject
to restrictions on resale.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--EquitySecuritiesRiskMember_zh1BrqWoI9c8"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Equity Securities Risk &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund expects to buy and sell private and public
equity securities. The value of equity securities of public and private, listed and unlisted companies and equity derivatives generally
varies with the performance of the issuer and movements in the equity markets. As a result, the Fund may suffer losses if it invests in
equity instruments of issuers whose performance diverges from the Adviser&#x2019;s expectations or if equity markets generally move in
a single direction and the Fund has not hedged against such a general move. The Fund also may be exposed to risks that issuers will not
fulfill contractual obligations such as, in the case of convertible securities or private placements, delivering marketable common stock
upon conversions of convertible securities and registering restricted securities for public resale.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--EmergingMarketSecuritiesRiskMember_zzYphH1inBQh"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Emerging Market Securities Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Securities issued by foreign governments or companies
in emerging market countries,&#160;such as&#160;China, Russia and certain countries in Eastern Europe, the Middle East, Asia, Latin America
or Africa, are more likely to have greater exposure to the risks of investing in foreign securities that are described in Foreign Securities
Risk. In addition, emerging market countries are more likely to experience instability resulting, for example, from rapid changes or developments
in social, political, economic or other conditions. Their economies are usually less mature and their securities markets are typically
less developed with more limited trading activity (&lt;i&gt;i.e.&lt;/i&gt;, lower trading volumes and less liquidity) than more developed countries.
Emerging market securities tend to be more volatile than securities in more developed markets. Many emerging market countries are heavily
dependent on international trade and have fewer trading partners, which makes them more sensitive to world commodity prices and economic
downturns in other countries. Some emerging market countries have a higher risk of currency devaluations, and some of these countries
may experience periods of high inflation or rapid changes in inflation rates and may have hostile relations with other countries.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ExchangeTradedFundETFRiskMember_zI4i2ty3F9qh"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Exchange Traded Fund (ETF) Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Investments in ETFs have unique characteristics,
including, but not limited to, the expense structure and additional expenses associated with investing in ETFs. An ETF&#x2019;s share price
may not track its specified market index (if any) and may trade below its NAV. Certain ETFs use a &#x201c;passive&#x201d; investment strategy
and do not take defensive positions in volatile or declining markets. Other ETFs in which the Fund may invest are actively managed ETFs
(i.e., they do not track a particular benchmark), which indirectly subjects the Fund to active management risk. An active secondary market
in an ETF&#x2019;s shares may not develop or be maintained and may be halted or interrupted due to actions by its listing exchange, unusual
market conditions or other reasons. There can be no assurance an ETF&#x2019;s shares will continue to be listed on an active exchange.
In addition, the Fund&#x2019;s shareholders bear both their proportionate share of the Fund&#x2019;s expenses and, indirectly, the ETF&#x2019;s
expenses, incurred through the Fund&#x2019;s ownership of the ETF. Because the expenses and costs of an underlying ETF are shared by its
investors, redemptions by other investors in the ETF could result in decreased economies of scale and increased operating expenses for
such ETF. These transactions might also result in higher brokerage, tax or other costs for the ETF. This risk may be particularly important
when one investor owns a substantial portion of the ETF.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Funds generally expect to purchase shares
of ETFs through broker-dealers in transactions on a securities exchange, and in such cases the Funds will pay customary brokerage commissions
for each purchase and sale. Shares of an ETF may also be acquired by depositing a specified portfolio of the ETF&#x2019;s underlying securities,
as well as a cash payment generally equal to accumulated dividends of the securities (net of expenses) up to the time of deposit, with
the ETF&#x2019;s custodian, in exchange for which the ETF will issue a quantity of new shares sometimes referred to as a &#x201c;creation
unit.&#x201d; Similarly, shares of an ETF purchased on an exchange may be accumulated until they represent a creation unit, and the creation
unit may be redeemed in-kind for a portfolio of the underlying securities (based on the ETF&#x2019;s NAV) together with a cash payment
generally equal to accumulated dividends as of the date of redemption. The Funds may redeem creation units for the underlying securities
(and any applicable cash), and may assemble a portfolio of the underlying securities (and any required cash) to purchase creation units.
The Funds&#x2019; ability to redeem creation units may be limited by the 1940 Act, which provides that ETFs, the shares of which are purchased
in reliance on Section 12(d)(1)(F) of the 1940 Act, will not be obligated to redeem such shares in an amount exceeding one percent of
their total outstanding securities during any period of less than 30 days.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember_zQJU7D3TgYtc"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Failures of Futures Commission Merchants and
Clearing Organizations Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is required to deposit funds to margin
open positions in cleared derivative instruments (both futures and swaps) with a clearing broker registered as a &#x201c;futures commission
merchant&#x201d; (&#x201c;FCM&#x201d;). The CEA requires an FCM to segregate all funds received from customers with respect to any orders
for the purchase or sale of U.S. domestic futures contracts and cleared swaps from the FCM&#x2019;s proprietary assets. Similarly, the
CEA requires each FCM to hold in a separate secure account all funds received from customers with respect to any orders for the purchase
or sale of foreign futures contracts and segregate any such funds from the funds received with respect to domestic futures contracts.
However, all funds and other property received by an FCM from its customers are held by an FCM on a commingled basis in an omnibus account
and amounts in excess of assets posted to the clearing organization may be invested by an FCM in certain instruments permitted under the
applicable regulation. There is a risk that assets deposited by the Fund with any FCM as margin for futures contracts may, in certain
circumstances, be used to satisfy losses of other clients of the Fund&#x2019;s FCM. In addition, the assets of the Fund posted as margin
against both swaps and futures contracts may not be fully protected in the event of the FCM&#x2019;s bankruptcy.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98D_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--ForeignSecuritiesRiskMember_z5LijjNqVyXf"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Foreign Securities Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Investments in or exposure to foreign securities
involve certain risks not associated with investments in or exposure to securities of U.S. companies. For example, foreign markets can
be extremely volatile. Foreign securities may also be less liquid,&#160;making them more difficult to trade, than securities of U.S. companies
so that the Fund may, at times, be unable to sell foreign securities at desirable times or prices. Brokerage commissions, custodial costs
and other fees are also generally higher for foreign securities. The Fund may have limited or no legal recourse in the event of default
with respect to certain foreign securities, including those issued by foreign governments. In addition, foreign governments may impose
withholding or other taxes on the Fund&#x2019;s income, capital gains or proceeds from the disposition of foreign securities, which could
reduce the Fund&#x2019;s return on such securities. In some cases, such withholding or other taxes could potentially be confiscatory. Other
risks include: possible delays in the settlement of transactions or in the payment of income; generally less publicly available information
about foreign companies; the impact of economic, political, social, diplomatic or other conditions or events (including, for example,
military confrontations, war, terrorism and disease/virus outbreaks and epidemics), possible seizure, expropriation or nationalization
of a company or its assets or the assets of a particular investor or category of investors; accounting, auditing and financial reporting
standards that may be less comprehensive and stringent than those applicable to domestic companies; the imposition of economic and other
sanctions against a particular foreign country, its nationals or industries or businesses within the country; and the generally less stringent
standard of care to which local agents may be held in the local markets. In addition, it may be difficult to obtain reliable information
about the securities and business operations of certain foreign issuers. Governments or trade groups may compel local agents to hold securities
in designated depositories that are not subject to independent evaluation. The less developed a country&#x2019;s securities market is,
the greater the level of risks.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The risks posed by sanctions against a particular
foreign country, its nationals or industries or businesses within the country may be heightened to the extent the Fund invests significantly
in the affected country or region or in issuers from the affected country that depend on global markets. Additionally, investments in
certain countries may subject the Fund to a number of tax rules, the application of which may be uncertain. Countries may amend or revise
their existing tax laws, regulations and/or procedures in the future, possibly with retroactive effect. Changes in or uncertainties regarding
the laws, regulations or procedures of a country could reduce the after-tax profits of the Fund, directly or indirectly, including by
reducing the after-tax profits of companies located in such countries in which the Fund invests, or result in unexpected tax liabilities
for the Fund. The performance of the Fund may also be negatively affected by fluctuations in a foreign currency's strength or weakness
relative to the U.S. dollar, particularly&#160;to the extent&#160;the Fund invests a significant percentage of its assets in foreign securities
or other assets denominated in currencies other than the U.S. dollar. Currency rates in foreign countries may fluctuate significantly
over short or long periods of time for a number of reasons, including changes in interest rates, imposition of currency exchange controls
and economic or political developments in the U.S. or abroad. The Fund may also incur currency conversion costs when converting foreign
currencies into U.S. dollars and vice versa.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--FrequentTradingRiskMember_z7BpONboXjh"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Frequent Trading Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The portfolio managers may actively and frequently
trade investments in the Fund's portfolio to carry out its investment strategies. Frequent trading of investments increases the possibility
that the Fund, as relevant, will realize taxable capital gains (including short-term capital gains, which are generally taxable to shareholders
at higher rates than long-term capital gains for U.S. federal income tax purposes), which could reduce the Fund's after-tax return. Frequent
trading can also mean higher brokerage and other transaction costs, which could reduce the Fund's return. The trading costs and tax effects
associated with portfolio turnover may adversely affect the Fund&#x2019;s performance.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--GovernmentInterventionsRiskMember_zDDy9ASnNwj1"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Government Interventions Risk &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Extreme volatility and illiquidity in markets
has in the past led to, and may in the future lead to, extensive governmental interventions in equity, debt, credit and currency markets.
Generally, such interventions are intended to reduce volatility and precipitous drops in value. In certain cases, governments have intervened
on an "emergency" basis, suddenly and substantially eliminating market participants' ability to continue to implement certain
strategies or manage the risk of their outstanding positions. In addition, these interventions have typically been unclear in scope and
application, resulting in uncertainty. It is impossible to predict when these restrictions will be imposed, what the interim or permanent
restrictions will be and/or the effect of such restrictions on the Fund's strategies.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_986_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--HedgingTransactionsMember_zgzUqNvooCYi"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Hedging Transactions&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may utilize financial instruments, both
for investment purposes and for risk management purposes in order to (i) protect against possible changes in the market value of the Fund's
investment portfolio resulting from fluctuations in the securities markets and changes in interest rates; (ii) protect the Fund's unrealized
gains in the value of the Fund's investment portfolio; (iii) facilitate the sale of any such investments; (iv) enhance or preserve returns,
spreads or gains on any investment in the Fund's portfolio; (v) hedge the interest rate or currency exchange rate on any of the Fund's
liabilities or assets; (vi) protect against any increase in the price of any securities the Fund anticipates purchasing at a later date
or (vii) for any other reason that the Adviser deems appropriate.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The success of the Fund's hedging strategy will
depend, in part, upon the Adviser&#x2019;s ability to correctly assess the degree of correlation between the performance of the instruments
used in the hedging strategy and the performance of the portfolio investments being hedged. Since the characteristics of many securities
change as markets change or time passes, the success of the Fund's hedging strategy will also be subject to the Adviser's ability to continually
recalculate, readjust and execute hedges in an efficient and timely manner. While the Fund may enter into hedging transactions to seek
to reduce risk, such transactions may result in a poorer overall performance for the Fund than if it had not engaged in such hedging transactions.
For a variety of reasons, the Adviser may not seek to establish a perfect correlation between the hedging instruments utilized and the
portfolio holdings being hedged. Such an imperfect correlation may prevent the Fund from achieving the intended hedge or expose the Fund
to risk of loss. The Adviser may not hedge against a particular risk because it does not regard the probability of the risk occurring
to be sufficiently high as to justify the cost of the hedge, or because it does not foresee the occurrence of the risk. The successful
utilization of hedging and risk management transactions requires skills complementary to those needed in the selection of the Fund's portfolio
holdings.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98B_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--HighYieldInvestmentsRiskMember_zXAbkKc2DCZ7"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;High-Yield Investments Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Securities and other debt instruments held by
the Fund that are rated below investment grade (commonly called &#x201c;high-yield&#x201d; or &#x201c;junk&#x201d; bonds) and unrated debt
instruments of comparable quality tend to be more sensitive to credit risk than higher-rated debt instruments and may experience greater
price fluctuations in response to perceived changes in the ability of the issuing entity or obligor to pay interest and principal when
due than to changes in interest rates. These investments are generally more likely to experience a default than higher-rated debt instruments.
High-yield debt instruments are considered to be predominantly speculative with respect to the issuer&#x2019;s capacity to pay interest
and repay principal. These debt instruments typically pay a premium &#x2013; a higher interest rate or yield &#x2013; because of the increased
risk of loss, including default. High-yield debt instruments may require a greater degree of judgment to establish a price, may be difficult
to sell at the time and price the Fund desires, may carry high transaction costs, and also are generally less liquid than higher-rated
debt instruments. The ratings provided by third party rating agencies are based on analyses by these ratings agencies of the credit quality
of the debt instruments and may not take into account every risk related to whether interest or principal will be timely repaid. In adverse
economic and other circumstances, issuers of lower-rated debt instruments are more likely to have difficulty making principal and interest
payments than issuers of higher-rated debt instruments.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98E_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--IlliquidInvestmentsRiskMember_zwBBi8zJJg8c"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Illiquid Investments Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may invest in securities, bank debt,
private funds and companies, other assets and/or third-party managers and other claims, which are subject to legal or other restrictions
on transfer or for which no liquid market exists. The market prices, if any, for such investments tend to be volatile and may not be readily
ascertainable, and the Fund may not be able to execute a buy or sell order on exchanges at the desired price or to liquidate an open position
due to market conditions, including the operation of daily price fluctuation limits. The sale of restricted and illiquid securities often
requires more time and results in higher brokerage charges or dealer discounts and other selling expenses than does the sale of securities
eligible for trading on national securities exchanges or in the over-the-counter markets. The Fund may not be able to readily dispose
of such illiquid investments and, in some cases, may be contractually prohibited from disposing of such investments for a specified period
of time. If trading on an exchange is suspended or restricted, the Fund may not be able to execute trades or close out positions on terms
that the Adviser believes are desirable. Realization of value from such investments may be difficult in the short-term, or may have to
be made at a substantial discount compared to other freely tradable investments. An investment in the Fund is suitable only for certain
sophisticated investors who do not require immediate liquidity for their investments.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InflationRiskMember_zlUf7ZbElDT3"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Inflation Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Inflation risk is the risk that the value of assets
or income from investment will be worth less in the future, as inflation decreases the value of money. As inflation increases, the real
value of the common shares and distributions on those shares can decline. In addition, during any periods of rising inflation, interest
rates on any borrowings by the Fund would likely increase, which would tend to further reduce returns to the holders of common shares.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_989_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InflationIndexedBondsRiskMember_z9fOvhWvuSrj"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Inflation-Indexed Bonds Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may invest in inflation-indexed bonds,
which are fixed-income securities or other instruments whose principal value is periodically adjusted according to the rate of inflation.
Two structures are common. The U.S. Treasury and some other issuers use a structure that accrues inflation into the principal value of
the bond. Most other issuers pay out the Consumer Price Index (&#x201c;CPI&#x201d;) accruals as part of a semi-annual coupon.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Inflation-indexed securities issued by the U.S.
Treasury have maturities of five, ten or thirty years, although it is possible that securities with other maturities will be issued in
the future. The U.S. Treasury securities pay interest on a semi-annual basis, equal to a fixed percentage of the inflation-adjusted principal
amount. For example, if the Fund purchased an inflation-indexed bond with a par value of $1,000 and a 3% real rate of return coupon (payable
1.5% semi-annually), and inflation over the first six months was 1%, the mid-year par value of the bond would be $1,010 and the first
semiannual interest payment would be $15.15 ($1,010 times 1.5%). If inflation during the second half of the year resulted in the whole
year&#x2019;s inflation equaling 3%, the end-of-year par value of the bond would be $1,030 and the second semi-annual interest payment
would be $15.45 ($1,030 times 1.5%).&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;If the periodic adjustment rate measuring inflation
falls, the principal value of inflation-indexed bonds will be adjusted downward, and, consequently, the interest payable on these securities
(calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted
for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds, even during a period of deflation. However, the current
market value of the bonds is not guaranteed, and will fluctuate. The Fund may also invest in other inflation related bonds which may or
may not provide a similar guarantee. If a guarantee of principal is not provided, the adjusted principal value of the bond repaid at maturity
may be less than the original principal. In addition, if the Fund purchases inflation-indexed bonds offered by foreign issuers, the rate
of inflation measured by the foreign inflation index may not be correlated to the rate of inflation in the United States.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The value of inflation-indexed bonds is expected
to change in response to changes in real interest rates. Real interest rates, in turn, are tied to the relationship between nominal interest
rates and the rate of inflation. Therefore, if inflation were to rise at a faster rate than nominal interest rates, real interest rates
might decline, leading to an increase in value of inflation-indexed bonds. In contrast, if nominal interest rates increased at a faster
rate than inflation, real interest rates might rise, leading to a decrease in value of inflation-indexed bonds. There can be no assurance,
however, that the value of inflation-indexed bonds will be directly correlated to changes in interest rates.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;While these securities are expected to be protected
from long-term inflationary trends, short-term increases in inflation may lead to a decline in value. If interest rates rise due to reasons
other than inflation (for example, due to changes in currency exchange rates), investors in these securities may not be protected to the
extent that the increase is not reflected in the bond&#x2019;s inflation measure.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In general, the measure used to determine the
periodic adjustment of U.S. inflation-indexed bonds is the Consumer Price Index for Urban Consumers (&#x201c;CPI-U&#x201d;), which is calculated
monthly by the U.S. Bureau of Labor Statistics. The CPI-U is a measurement of changes in the cost of living, made up of components such
as housing, food, transportation and energy. Inflation-indexed bonds issued by a foreign government are generally adjusted to reflect
a comparable inflation index, calculated by that government. There can be no assurance that the CPI-U or any foreign inflation index will
accurately measure the real rate of inflation in the prices of goods and services. Moreover, there can be no assurance that the rate of
inflation in a foreign country will be correlated to the rate of inflation in the United States.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Any increase in the principal amount of an inflation-indexed
bond will be considered taxable ordinary income, even though investors do not receive their principal until maturity.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InformationTechnologySystemsRiskMember_zGB3CZWeqkEb"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Information Technology Systems Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is dependent on the Adviser for certain
management services as well as back-office functions. The Adviser depends on information technology systems in order to assess investment
opportunities, strategies and markets and to monitor and control risks for the Fund. It is possible that a failure of some kind which
causes disruptions to these information technology systems could materially limit the Adviser&#x2019;s ability to adequately assess and
adjust investments, formulate strategies and provide adequate risk control. Any such information technology-related difficulty could harm
the performance of the Fund. Further, failure of the back-office functions of the Adviser to process trades in a timely fashion could
prejudice the investment performance of the Fund.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_98F_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InterestRatesRiskMember_zlHOI8cyX2Ka"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Interest Rate Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Interest rate risk is the risk of losses attributable
to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest
rates fall, the values of debt instruments tend to rise. Changes in the value of a debt instrument usually will not affect the amount
of income the Fund receives from it but will generally affect the value of your investment in the Fund. Changes in interest rates may
also affect the liquidity of the Fund&#x2019;s investments in debt instruments. In general, the longer the maturity or duration of a debt
instrument, the greater its sensitivity to changes in interest rates. Interest rate declines also may increase prepayments of debt obligations,
which, in turn, would increase prepayment risk (the risk that the Fund will have to reinvest the money received in securities that have
lower yields). Very low or negative interest rates may prevent the Fund from generating positive returns and may increase the risk that,
if followed by rising interest rates, the Fund&#x2019;s performance will be negatively impacted. The Fund is subject to the risk that the
income generated by its investments may not keep pace with inflation. Actions by governments and central banking authorities can result
in increases in interest rates. Such actions may negatively affect the value of debt instruments held by the Fund, resulting in a negative
impact on the Fund's performance and NAV. Any interest rate increases could cause the value of the Fund&#x2019;s investments in debt instruments
to decrease. Rising interest rates may prompt redemptions from the Fund, which may force the Fund to sell investments at a time when it
is not advantageous to do so, which could result in losses.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_982_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--IssuerRiskMember_z0KZMhnenKJc"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Issuer Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;An issuer in which the Fund invests or to which
it has exposure may perform poorly or below expectations, and the value of its securities may therefore decline, which may negatively
affect the Fund&#x2019;s performance. Underperformance of an issuer may be caused by poor management decisions, competitive pressures,
breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural
disasters, military confrontations, war, terrorism, disease/virus outbreaks,&#160;epidemics or other events, conditions and factors which
may impair the value of an investment in the Fund&#160;and could result in increased premiums or discounts to the Fund&#x2019;s net asset
value.&lt;/p&gt;

&lt;/div&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_983_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--InvestmentCompanyActRegulationsRiskMember_z2vGUkAudCHa"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Investment Company Act Regulations Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is a registered closed-end management
investment company and as such is subject to regulations under the Investment Company Act. Generally speaking, any contract or provision
thereof that is made, or where performance involves a violation of the Investment Company Act or any rule or regulation thereunder is
unenforceable by either party unless a court finds otherwise.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--LegalTaxAndRegulatoryRisksMember_zkbt9eEfyzej"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Legal, Tax and Regulatory Risks&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Legal, tax and regulatory changes could occur
that may have material adverse effects on the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;To qualify for the favorable U.S. federal income
tax treatment generally accorded to RICs, the Fund must, among other things, derive in each taxable year at least 90% of its gross income
from certain prescribed sources and distribute for each taxable year at least 90% of its &#x201c;investment company taxable income&#x201d;
(generally, ordinary income plus the excess, if any, of net short-term capital gain over net long-term capital loss). If for any taxable
year the Fund does not qualify as a RIC, all of its taxable income for that year (including its net capital gain) would be subject to
tax at regular corporate rates without any deduction for distributions to shareholders, and such distributions would be taxable as ordinary
dividends to the extent of the Fund&#x2019;s current and accumulated earnings and profits.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The current presidential administration has called
for significant changes to U.S. fiscal, tax, trade, healthcare, immigration, foreign, and government regulatory policy. In this regard,
there is significant uncertainty with respect to legislation, regulation and government policy at the federal level, as well as the state
and local levels. Recent events have created a climate of heightened uncertainty and introduced new and difficult-to-quantify macroeconomic
and political risks with potentially far-reaching implications. There has been a corresponding meaningful increase in the uncertainty
surrounding interest rates, inflation, foreign exchange rates, trade volumes and fiscal and monetary policy. To the extent the U.S. Congress
or the current presidential administration implements changes to U.S. policy, those changes may impact, among other things, the U.S. and
global economy, international trade and relations, unemployment, immigration, corporate taxes, healthcare, the U.S. regulatory environment,
inflation and other areas. Although the Fund cannot predict the impact, if any, of these changes to the Fund&#x2019;s business, they could
adversely affect the Fund&#x2019;s business, financial condition, operating results and cash flows. Until the Fund knows what policy changes
are made and how those changes impact the Fund&#x2019;s business and the business of the Fund&#x2019;s competitors over the long term, the
Fund will not know if, overall, the Fund will benefit from them or be negatively affected by them.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The rules dealing with U.S. federal income taxation
are constantly under review by persons involved in the legislative process and by the Internal Revenue Service and the U.S. Treasury Department.
Revisions in U.S. federal tax laws and interpretations of these laws could adversely affect the tax consequences of your investment.&lt;/p&gt;

&lt;/div&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;div id="xdx_987_ecef--RiskTextBlock_c20250703__20250703__cef--RiskAxis__custom--LeverageRiskMember_zil6SOAEN6ul"&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Leverage Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund uses leverage through direct borrowings
(e.g., through its Facility) and through any of the financial instruments described herein, including derivative instruments (such as
options and swaps), which are inherently leveraged and trading in products with embedded leverage such as short sales and forwards. The
instruments and borrowings utilized by the Fund to leverage investments are typically collateralized by the Fund&#x2019;s portfolio.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The use of leverage will magnify the volatility
of changes in the value of the investments of the Fund. Accordingly, any event which adversely affects the value of an investment would
be magnified to the extent the investment is leveraged. The cumulative effect of the use of leverage by the Fund in a market that moves
adversely to its investments could result in substantial losses to the Fund, which would be greater than if the Fund was not leveraged.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;While leverage increases the buying power of the
Fund and presents opportunities for increasing total returns, it has the effect of potentially increasing losses as well. For example,
funds borrowed for leveraging will be subject to interest, transaction and other costs, and other types of leverage also involve transaction
and other costs. Any such costs may or may not be recovered by the return on the Fund&#x2019;s portfolio. Leverage will increase the investment
return of the Fund if an investment purchased with or utilizing leverage earns a greater return than the cost to the Fund of such leverage.
The use of leverage will decrease the investment return if the Fund fails to recover the cost of such leverage.&lt;/p&gt;

&lt;/div&gt;

</cef:RiskFactorsTableTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_ActiveManagementRiskMember"
      id="Fact000143">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Active Management Risk &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is actively managed and its performance
therefore will reflect, in part, the ability of the portfolio managers to make investment decisions that seek to achieve the Fund&#x2019;s
investment objective. Due to its active management, the Fund could underperform its benchmark index and/or other funds with similar investment
objectives and/or strategies.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_ActivistStrategiesRiskMember"
      id="Fact000144">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Activist Strategies Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may purchase securities of a company
that is the subject of a proxy contest or which activist investors, which could include the Fund and other accounts/funds affiliated with
the Adviser, are attempting to influence, in the expectation that new management or a change in business strategies will cause the price
of the company&#x2019;s securities to increase. If the proxy contest, or the new management, is not successful, the market price of the
company&#x2019;s securities will typically fall.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In addition, where an acquisition or restructuring
transaction or proxy fight is opposed by the subject company&#x2019;s management, the transaction often becomes the subject of litigation.
Such litigation involves substantial uncertainties and may impose substantial cost and expense on the Fund.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_BankLoansRiskMember"
      id="Fact000145">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Bank Loans Risk &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund's investment program may include investments
in of bank loans and participations. These obligations are subject to unique risks, including: (i) the possible invalidation of an investment
transaction as a fraudulent conveyance under relevant creditors' rights laws; (ii) so-called lender-liability claims by the issuer of
the obligations; (iii) environmental liabilities that may arise with respect to collateral securing the obligations; and (iv) limitations
on the ability of the Fund to directly enforce its rights with respect to participations. In analyzing each bank loan or participation,
the Adviser attempts to compare the relative significance of the risks against the expected benefits of the investment. Successful claims
by third parties arising from these and other risks will be borne by the Fund. As secondary market trading volumes increase, new loans
are frequently adopting standardized documentation to facilitate loan trading, which may improve market liquidity. There can be no assurance,
however, that future levels of supply and demand in loan trading will provide an adequate degree of liquidity or that the current level
of liquidity will continue. Because of the provision to holders of such loans of confidential information relating to the borrower, the
unique and customized nature of the loan agreement, and the private syndication of the loan, loans are not as easily purchased or sold
as a publicly traded security, and historically the trading volume in the loan market has been small relative to the high-yield debt market.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_CatastropheBondsRiskMember"
      id="Fact000146">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Catastrophe Bonds Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Event-linked or catastrophe bonds carry material
uncertainties and risk exposures to adverse conditions. If a trigger event, as defined within the terms of the bond, involves losses or
other metrics exceeding a specific magnitude in the geographic region and time period specified therein, the Fund may lose a portion or
all of its investment in such security, including accrued interest and/or principal invested in such security. Because catastrophe bonds
cover &#x201c;catastrophic&#x201d; events that, if they occur, will result in significant losses, catastrophe bonds carry a high degree
of risk of loss and are considered &#x201c;high yield&#x201d; or &#x201c;junk bonds.&#x201d; The rating, if any, primarily reflects the rating
agency&#x2019;s calculated probability that a predefined trigger event will occur. Thus, lower-rated bonds have a greater likelihood of
a triggering event occurring and loss to the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Catastrophe bonds are also subject to extension
risk. The sponsor of such an investment might have the right to extend the maturity of the bond or note to verify that the trigger event
did occur or to process and audit insurance claims. The typical duration of mandatory and optional extensions of maturity for reinsurance-related
securities currently is between three months to two years. In certain circumstances, the extension may exceed two years. An extension
to verify the potential occurrence of a trigger event will reduce the value of the bond or note due to the uncertainty of the occurrence
of the trigger event and will hinder the Fund&#x2019;s ability to sell the bond or note. Even if it is determined that the trigger event
did not occur, such an extension will delay the Fund&#x2019;s receipt of the bond&#x2019;s or note&#x2019;s principal and prevent the reinvestment
of such proceeds in other, potentially higher yielding securities.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_ClosedEndFundStructureRiskMember"
      id="Fact000147">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Closed-End Fund Structure Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Unlike open-end funds, closed-end funds like the
Fund do not continuously offer shares and do not provide daily redemptions. Rather, if a shareholder determines to buy additional common
shares or sell shares already held, the shareholder may do so by trading through a broker on the NYSE or otherwise. Because the market
value of the common shares may be influenced by such factors as dividend levels (which are in turn affected by expenses), call protection
on its portfolio securities, dividend stability, portfolio credit quality, the Fund&#x2019;s NAV, relative demand for and supply of such
shares in the market, general market and economic conditions and other factors beyond the control of the Fund, the Fund cannot assure
you that its common shares will trade at a price equal to or higher than NAV in the future. The common shares are designed primarily for
long-term investors and you should not purchase the common shares if you intend to sell them soon after purchase.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_CoInvestmentRestrictionsMember"
      id="Fact000148">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Co-investment Restrictions&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is prohibited under the Investment Company
Act from participating in certain transactions with its affiliates without the prior approval of the SEC. Any person that owns, directly
or indirectly, 5% or more of the Fund&#x2019;s outstanding voting securities will be its affiliate for purposes of the Investment Company
Act and the Fund will generally be prohibited from buying or selling any securities from or to such affiliate. The Investment Company
Act also prohibits certain &#x201c;joint&#x201d; transactions with certain of the Fund&#x2019;s affiliates, which could include investments
in the same portfolio company (whether at the same or different times), without prior approval of the SEC. If a person acquires more than
25% of the Fund&#x2019;s voting securities, the Fund will be prohibited from buying or selling any security from or to such person or certain
of that person&#x2019;s affiliates, or entering into prohibited joint transactions with such persons, absent the prior approval of the
SEC. Similar restrictions limit the Fund&#x2019;s ability to transact business with the Fund&#x2019;s officers or Trustees or its affiliates.
As a result of these restrictions, the Fund may be prohibited from buying or selling any security from or to any portfolio company of
an investment fund managed by the Adviser or its affiliates without the prior approval of the SEC, which may limit the scope of investment
opportunities that would otherwise be available to the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Adviser has applied for an exemptive order
from the SEC (the &#x201c;Order&#x201d;) that would grant the funds managed by the Adviser or certain affiliates, the ability to fully negotiate
terms of co-investment transactions with other funds managed by the Adviser or certain affiliates, subject to the conditions included
therein. There is no assurance that the Adviser will receive the Order on a timely basis or at all. Until the Adviser receives the Order,
the Fund will not be permitted to participate in certain investments with the Adviser&#x2019;s other funds or its affiliates. Even if the
Order is granted, in certain situations, such as when there is an opportunity to invest in different securities of the same issuer, the
personnel of the Adviser or its affiliates will need to decide which client will proceed with the investment. Such personnel will make
these determinations based on policies and procedures, which are designed to reasonably ensure that investment opportunities are allocated
fairly and equitably among affiliated funds over time and in a manner that is consistent with applicable laws, rules and regulations.
When the Fund participates in a co-investment transaction, the personnel of the Adviser allocates a portion of the investment to the Fund
based on the Fund&#x2019;s investment objective and strategies, investment policies, investment positions, capital available for investment,
and other pertinent factors. Any co-investment is made on equal footing with the funds managed by the Adviser or its affiliates, including
identical terms, conditions, price, class of securities purchased, timing, and registration rights. To the extent the Fund is able to
make co-investments with the Adviser&#x2019;s affiliates, these co-investment transactions may give rise to conflicts of interest or perceived
conflicts of interest among the Fund and the other participating accounts. Moreover, except in certain circumstances, when relying on
the Order, the Fund is unable to invest in any issuer in which one or more funds managed by the Adviser or its affiliates has previously
invested.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may also invest alongside the Adviser&#x2019;s
and its affiliates&#x2019; other clients, including other entities they manage, which are referred to as affiliates&#x2019; other clients,
in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations and guidance as well as the Adviser&#x2019;s
allocation policies. However, the Fund can offer no assurance that investment opportunities will be allocated to it fairly or equitably
in the short-term or over time.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In situations where co-investment with affiliates&#x2019;
other clients is not permitted under the Investment Company Act of 1940, as amended (the &#x201c;1940 Act&#x201d;) and related rules, existing
or future staff guidance, or the terms and conditions of any exemptive relief granted to the Fund by the SEC, the Adviser will need to
decide which client or clients will proceed with the investment. Generally, the Fund will not have an entitlement to make a co-investment
in these circumstances and, to the extent that another client elects to proceed with the investment, the Fund will not be permitted to
participate. Moreover, except in certain circumstances, the Fund is unable to invest in any issuer in which an affiliates&#x2019; other
client holds a controlling interest. These restrictions may limit the scope of investment opportunities that would otherwise be available
to the Fund.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_ConvertibleSecuritiesRiskMember"
      id="Fact000149">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Convertible Securities Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Convertible securities are subject to the usual
risks associated with debt instruments, such as interest rate risk (the risk of losses attributable to changes in interest rates) and
credit risk (the risk that the issuer of a debt instrument will default or otherwise become unable, or be perceived to be unable or unwilling,
to honor a financial obligation, such as making payments to the Fund when due). Convertible securities also react to changes in the value
of the common stock into which they convert, and are thus subject to market risk (the risk that the market values of securities or other
investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise). Because the value of a convertible security
can be influenced by both interest rates and the common stock's market movements, a convertible security generally is not as sensitive
to interest rates as a similar debt instrument, and generally will not vary in value in response to other factors to the same extent as
the underlying common stock. In the event of a liquidation of the issuing company, holders of convertible securities would typically be
paid before the company's common stockholders but after holders of any senior debt obligations of the company. The Fund may be forced
to convert a convertible security before it otherwise would choose to do so, which may decrease the Fund's return.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_CorporateBondsRiskMember"
      id="Fact000150">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Corporate Bonds Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The market value of a corporate bond generally
may be expected to rise and fall inversely with interest rates. The market value of intermediate and longer-term corporate bonds is generally
more sensitive to changes in interest rates than is the market value of shorter-term corporate bonds. The market value of a corporate
bond also may be affected by factors directly related to the issuer, such as investors&#x2019; perceptions of the creditworthiness of the
issuer, the issuer&#x2019;s financial performance, perceptions of the issuer in the market place, performance of management of the issuer,
the issuer&#x2019;s capital structure and use of financial leverage and demand for the issuer&#x2019;s goods and services. There is a risk
that the issuers of corporate bonds may not be able to meet their obligations on interest or principal payments at the time called for
by an instrument. Corporate bonds of below investment grade quality are often high risk and have speculative characteristics and may be
particularly susceptible to adverse issuer-specific developments.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_CounterpartyRiskMember"
      id="Fact000151">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Counterparty Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The risk exists that a counterparty to a transaction
in a financial instrument held by the Fund or by a special purpose or structured vehicle in which the Fund invests may become insolvent
or otherwise fail to perform its obligations, including making payments to the Fund, due to financial difficulties. The Fund may obtain
no or limited recovery in a bankruptcy or other reorganizational proceedings, and any recovery may be significantly delayed. Transactions
that the Fund enters into may involve counterparties in the financials sector and, as a result, events affecting the financials sector
may cause the Fund&#x2019;s NAV to fluctuate.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_CreditDefaultSwapsRiskMember"
      id="Fact000152">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Credit Default Swaps Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may invest in credit default swaps. A
credit default swap is a contract between two parties which transfers the risk of loss if a company fails to pay principal or interest
on time or files for bankruptcy. In essence, an institution which owns corporate debt instruments can purchase a limited form of default
protection by entering into a credit default swap with another bank, broker-dealer or financial intermediary. Upon an event of default,
the swap may be terminated in one of two ways: (i) by the purchaser of credit protection delivering the referenced instrument to the swap
counterparty and receiving a payment of par value, or (ii) by the parties pairing off payments, with the purchaser of the protection receiving
a payment equal to the par value of the reference security less the price at which the reference security trades subsequent to default.
The first way is the more common form of credit default swap termination.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In the manner described above, credit default
swaps can be used to hedge a portion of the default risk on a single corporate bond or a portfolio of bonds. Credit default swaps can
be used to implement the Adviser&#x2019;s view that a particular credit, or group of credits, will experience credit improvement. In the
case of expected credit improvement, the Fund may sell credit default protection in which it receives a premium to take on the risk. In
such an instance, the obligation of the Fund to make payments upon the occurrence of a credit event creates leveraged exposure to the
credit risk of the referenced entity. The Fund may also &#x201c;purchase&#x201d; credit default protection even in the case in which it
does not own the referenced instrument if, in the judgment of the Adviser, there is a high likelihood of credit deterioration.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Credit default swap agreements involve greater
risks than if the Fund had taken a position in the reference obligation directly (either by purchasing or selling) since, in addition
to general market risks, credit default swaps are subject to illiquidity risk, counterparty risk and credit risks. A buyer generally will
also lose its upfront payment or any periodic payments it makes to the seller counterparty and receive no payments from its counterparty
should no credit event occur and the swap is held to its termination date. If a credit event were to occur, the value of any deliverable
obligation received by the seller, coupled with the upfront or periodic payments previously received, may be less than the full notional
amount it pays to the buyer, resulting in a loss of value to the seller. A seller of a credit default swap or similar instrument is exposed
to many of the same risks of leverage since, if a credit event occurs, the seller generally will be required to pay the buyer the full
notional amount of the contract net of any amounts owed by the buyer related to its delivery of deliverable obligations.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In addition, the credit derivatives market is
subject to a changing regulatory environment. It is possible that regulatory or other developments in the credit derivatives market could
adversely affect the Fund&#x2019;s ability to successfully use credit derivatives.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_CreditRisksMember"
      id="Fact000153">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Credit Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Credit risk is the risk that the value of debt
instruments may decline if the issuer thereof defaults or otherwise becomes unable or unwilling, or is perceived to be unable or unwilling,
to honor its financial obligations, such as making payments to the Fund when due. Various factors could affect the actual or perceived
willingness or ability of the issuer to make timely interest or principal payments, including changes in the financial condition of the
issuer or in general economic conditions. Credit rating agencies assign credit ratings to certain debt instruments to indicate their credit
risk. A rating downgrade by such agencies can negatively impact the value of such instruments. Lower quality or unrated instruments held
by the Fund may present increased credit risk as compared to higher-rated instruments. Non-investment grade debt instruments may be subject
to greater price fluctuations and are more likely to experience a default than investment grade debt instruments and therefore may expose
the Fund to increased credit risk. If the Fund purchases unrated instruments, or if the ratings of instruments held by the Fund are lowered
after purchase, the Fund will depend on analysis of credit risk more heavily than usual.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_RisksRelatingToInvestmentsInExchangeTradedFundsTrustsThatInvestInCryptocurrenciesOrSimilarDigitalAssetsThatUtilizeBlockchainTechnologyMember"
      id="Fact000154">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Risks Relating to Investments in Exchange Traded
Funds/Trusts that invest in cryptocurrencies or similar digital assets that utilize blockchain technology. &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Consistent with the Fund&#x2019;s closed-end fund
investment approach, where the Fund seeks to capitalize on the difference between a closed-end fund&#x2019;s aggregate asset value and
its net asset value, the Fund has and may in the future invest in exchange traded investment funds/trusts that invest in cryptocurrencies
or similar assets that utilize blockchain technology (such as, the Grayscale Bitcoin Trust) and the Fund may hedge such investments through
the use of other securities (including other exchange trade funds that own virtual currencies) and derivatives of virtual currencies,
in each case, to the extent permitted by, and in accordance with, any future law, regulation, guidance, or exemptive relief provided by
the SEC or its staff or other regulatory agency or body having jurisdiction. The Fund expects that any such investments are likely to
constitute only a small proportion of its portfolio.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_CurrencyRiskMember"
      id="Fact000155">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Currency Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund's investments that are denominated in
a foreign currency are subject to the risk that the value of a particular currency will change in relation to one or more other currencies.
Among the factors that may affect currency values are trade balances, the level of short-term interest rates, differences in relative
values of similar assets in different currencies, long-term opportunities for investment and capital appreciation and political developments.
The Adviser may try to hedge these risks by investing directly in foreign currencies, buying and selling forward foreign currency exchange
contracts and buying and selling options on foreign currencies, but there can be no assurance such strategies will be effective.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_CybersecurityRiskMember"
      id="Fact000156">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Cybersecurity Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;As part of its business, the Adviser processes,
stores and transmits large amounts of electronic information, including information relating to the transactions of the Fund. Similarly,
service providers of the Adviser, the Fund, especially the administrator, may process, store and transmit such information. The Adviser
has procedures and systems in place that it believes are reasonably designed to protect such information and prevent data loss and security
breaches. However, such measures cannot provide absolute security. The techniques used to obtain unauthorized access to data, disable
or degrade service, or sabotage systems change frequently and may be difficult to detect for long periods of time. Hardware or software
acquired from third parties may contain defects in design or manufacture or other problems that could unexpectedly compromise information
security. Network connected services provided by third parties to the Adviser may be susceptible to compromise, leading to a breach of
the Adviser&#x2019;s network. The Adviser&#x2019;s systems or facilities may be susceptible to employee error or malfeasance, government
surveillance, or other security threats. On-line services that may be provided by the Adviser to the investors in the Fund may also be
susceptible to compromise. Breach of the Adviser&#x2019;s information systems may cause information relating to the transactions of the
Fund to be lost or improperly accessed, used or disclosed.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The service providers of the Adviser and the Fund
are subject to the same electronic information security threats as the Adviser. If a service provider fails to adopt or adhere to adequate
data security policies, or in the event of a breach of its networks, information relating to the transactions of the Fund and personally
identifiable information of investors in the Fund may be lost or improperly accessed, used or disclosed.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The loss or improper access, use or disclosure
of the Adviser&#x2019;s or the Fund's proprietary information may cause the Adviser or the Fund to suffer, among other things, financial
loss, the disruption of its business, liability to third parties, regulatory intervention or reputational damage. Any of the foregoing
events could have a material adverse effect on the Fund.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DecisionMakingAuthorityRiskMember"
      id="Fact000157">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Decision-Making Authority Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Investors have no authority to make decisions
or to exercise business discretion on behalf of the Fund, except as set forth in the Fund&#x2019;s governing documents. The authority for
all such decisions is generally delegated to the Board, which in turn, has delegated the day-to-day management of the Fund&#x2019;s investment
activities to the Adviser, subject to oversight by the Board.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DeflationRiskMember"
      id="Fact000158">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Deflation Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Deflation risk is the risk that prices throughout
the economy decline over time, which may have an adverse effect on the market valuation of companies, their assets and their revenues.
In addition, deflation may have an adverse effect on the creditworthiness of issuers and may make issuer default more likely, which may
result in a decline in the value of the Fund&#x2019;s portfolio.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DefensiveInvestingRiskMember"
      id="Fact000159">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Defensive Investing Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;For defensive purposes, the Fund may allocate
assets into cash or short-term fixed-income securities without limitation. In doing so, the Fund may succeed in avoiding losses but may
otherwise fail to achieve its investment objectives. Further, the value of short-term fixed-income securities may be affected by changing
interest rates and by changes in credit ratings of the investments. If the Fund holds cash uninvested it will be subject to the credit
risk of the depository institution holding the cash.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DepositaryReceiptsRiskMember"
      id="Fact000160">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Depositary Receipts Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Depositary receipts are receipts issued by a bank
or trust company reflecting ownership of underlying securities issued by foreign companies. Some foreign securities are traded in the
form of American Depositary Receipts (&#x201c;ADRs&#x201d;) and/or Global Depositary Receipts. Depositary receipts involve risks similar
to the risks associated with investments in foreign securities, including those associated with an issuer&#x2019;s (and any of its related
companies&#x2019;) country of organization and places of business operations, which may be related to the particular political, regulatory,
economic, social and other conditions or events (including, for example, military confrontations and actions, war, other conflicts, terrorism
and disease/virus outbreaks and epidemics) occurring in the country and fluctuations in such country&#x2019;s currency, as well as market
risk tied to the underlying foreign company. In addition, holders of depositary receipts may have limited voting rights, may not have
the same rights afforded to stockholders of a typical domestic company in the event of a corporate action, such as an acquisition, merger
or rights offering, and may experience difficulty in receiving company stockholder communications. There is no guarantee that a financial
institution will continue to sponsor a depositary receipt, or that a depositary receipt will continue to trade on an exchange, either
of which could adversely affect the liquidity, availability and pricing of the depositary receipt. Changes in foreign currency exchange
rates will affect the value of depositary receipts and, therefore, may affect the value of your investment in the Fund. A potential conflict
of interest exists to the extent that the Fund invests in ADRs for which the Fund&#x2019;s custodian serves as depository bank.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DerivatesRiskMember"
      id="Fact000161">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivates Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Derivatives may involve significant risks. Derivatives
are financial instruments, traded on an exchange or in the over-the-counter (OTC) markets, with a value in relation to, or derived from,
the value of an underlying asset(s) (such as a security, commodity or currency) or other reference, such as an index, rate or other economic
indicator (each an underlying reference). Derivatives may include those that are privately placed or otherwise exempt from SEC registration,
including certain Rule 144A eligible securities. Derivatives could result in Fund losses if the underlying reference does not perform
as anticipated. Use of derivatives is a highly specialized activity that can involve investment techniques, risks, and tax planning different
from those associated with more traditional investment instruments. The Fund&#x2019;s derivatives strategy may not be successful and use
of certain derivatives could result in substantial, potentially unlimited, losses to the Fund regardless of the Fund&#x2019;s actual investment.
A relatively small movement in the price, rate or other economic indicator associated with the underlying reference may result in substantial
loss for the Fund. Derivatives may be more volatile than other types of investments. Derivatives can increase the Fund&#x2019;s risk exposure
to underlying references and their attendant risks, including the risk of an adverse credit event associated with the underlying reference
(credit risk), the risk of an adverse movement in the value, price or rate of the underlying reference (market risk), the risk of an adverse
movement in the value of underlying currencies (foreign currency risk) and the risk of an adverse movement in underlying interest rates
(interest rate risk).&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Derivatives may expose the Fund to additional
risks, including the risk of loss due to a derivative position that is imperfectly correlated with the underlying reference it is intended
to hedge or replicate (correlation risk), the risk that a counterparty will fail to perform as agreed (counterparty risk), the risk that
a hedging strategy may fail to mitigate losses, and may offset gains (hedging risk), the risk that the return on an investment may not
keep pace with inflation (inflation risk), the risk that losses may be greater than the amount invested (leverage risk), the risk that
the Fund may be unable to sell an investment at an advantageous time or price (liquidity risk), the risk that the investment may be difficult
to value (pricing risk), and the risk that the price or value of the investment fluctuates significantly over short periods of time (volatility
risk). The value of derivatives may be influenced by a variety of factors, including national and international political and economic
developments. Potential changes to the regulation of the derivatives markets may make derivatives more costly, may limit the market for
derivatives, or may otherwise adversely affect the value or performance of derivatives.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DerivatesRiskFuturesContractsRiskMember"
      id="Fact000162">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivates Risk &#x2013; Futures Contracts Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;A futures contract is an exchange-traded derivative
transaction between two parties in which a buyer (holding the &#x201c;long&#x201d; position) agrees to pay a fixed price (or rate) at a
specified future date for delivery of an underlying reference from a seller (holding the &#x201c;short&#x201d; position). The seller hopes
that the market price on the delivery date is less than the agreed upon price, while the buyer hopes for the contrary. Certain futures
contract markets are highly volatile, and futures contracts may be illiquid. Futures exchanges may limit fluctuations in futures contract
prices by imposing a maximum permissible daily price movement. The Fund may be disadvantaged if it is prohibited from executing a trade
outside the daily permissible price movement. At or prior to maturity of a futures contract, the Fund may enter into an offsetting contract
and may incur a loss to the extent there has been adverse movement in futures contract prices. The liquidity of the futures markets depends
on participants entering into offsetting transactions rather than making or taking delivery. To the extent participants make or take delivery,
liquidity in the futures market could be reduced. Positions in futures contracts may be closed out only on the exchange on which they
were entered into or through a linked exchange, and no secondary market exists for such contracts. Futures positions are marked to market
each day and variation margin payment must be paid to or by the Fund. Because of the low margin deposits normally required in futures
trading, it is possible that the Fund may employ a high degree of leverage in the portfolio. As a result, a relatively small price movement
in a futures contract may result in substantial losses to the Fund, exceeding the amount of the margin paid. For certain types of futures
contracts, losses are potentially unlimited. Futures markets are highly volatile and the use of futures may increase the volatility of
the Fund&#x2019;s NAV. Futures contracts executed (if any) on foreign exchanges may not provide the same protection as U.S. exchanges.
Futures contracts can increase the Fund&#x2019;s risk exposure to underlying references and their attendant risks, such as credit risk,
market risk, foreign currency risk and interest rate risk, while also exposing the Fund to correlation risk, counterparty risk, hedging
risk, inflation risk, leverage risk, liquidity risk, pricing risk and volatility risk.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DerivativesRiskOptionsRiskMember"
      id="Fact000163">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivatives Risk &#x2013; Options Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Options are derivatives that give the purchaser
the option to buy (call) or sell (put) an underlying reference from or to a counterparty at a specified price (the strike price) on or
before an expiration date. When writing options, the Fund is exposed to the risk that it may be required to buy or sell the underlying&lt;br/&gt;
reference at a disadvantageous price on or before the expiration date. Options may involve economic leverage, which could result in greater
volatility in price movement. The Fund&#x2019;s losses could be significant, and are potentially unlimited for certain types of options.
Options may be traded on a securities exchange or in the over-the-counter market. At or prior to maturity of an options contract, the
Fund may enter into an offsetting contract and may incur a loss to the extent there has been adverse movement in options prices. Options
can increase the Fund&#x2019;s risk exposure to underlying references and their attendant risks, such as credit risk, market risk, foreign
currency risk and interest rate risk, while potentially exposing the Fund to correlation risk, counterparty risk, hedging risk, inflation
risk, leverage risk, liquidity risk, pricing risk and volatility risk.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DerivativesRiskRegulationMember"
      id="Fact000164">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivatives Risk &#x2013; Regulation &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;There are many rules related to derivatives that
may negatively impact the Fund, such as requirements related to recordkeeping, reporting, portfolio reconciliation, central clearing,
minimum margin for uncleared over-the- counter instruments and mandatory trading on electronic facilities, and other transaction-level
obligations. Parties that act as dealers in swaps, are also subject to extensive business conduct standards, additional &#x201c;know your
counterparty&#x201d; obligations, documentation standards and capital requirements. All of these requirements add costs to the legal, operational
and compliance obligations of the Adviser and the Fund, and increase the amount of time that the Adviser spends on non-investment-related
activities. Requirements such as these also raise the costs of entering into derivative transactions, and these increased costs will likely
be passed on to the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;These rules are operationally and technologically
burdensome for the Adviser and the Fund. These compliance obligations require employee training and use of technology, and there are operational
risks borne by the Fund in implementing procedures to comply with many of these additional obligations.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;These regulations may also result in the Fund
forgoing the use of certain trading counterparties (such as broker-dealers and futures commission merchants (&#x201c;FCMs&#x201d;)), as
the use of other parties may be more efficient for the Fund from a regulatory perspective. However, this could limit the Fund's trading
activities, create losses, preclude the Fund from engaging in certain transactions or prevent the Fund from trading at optimal rates and
terms.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Many of these requirements were implemented under
legislation intended to reform the U.S. financial regulatory system, the EU Regulation on OTC Derivatives, Central Counterparties and
Trade Repositories (known as the European Market Infrastructure Regulation, or &#x201c;EMIR&#x201d;) and similar regulations globally. In
the United States, regulatory responsibility for derivatives is divided between the SEC and the Commodities Futures Trading Commission
(&#x201c;CFTC&#x201d;), a distinction that does not exist in any other jurisdiction. The SEC has regulatory authority over &#x201c;security-based
swaps&#x201d; and the CFTC has regulatory authority over &#x201c;swaps&#x201d;. EMIR is being implemented in phases through the adoption
of delegated acts by the European Commission. As a result of the SEC and CFTC bifurcation and the different pace at which the SEC, the
CFTC, the European Commission and other international regulators have promulgated necessary regulations, different transactions are subject
to different levels of regulation. Though many rules and regulations have been finalized, there are others, particularly SEC regulations
with respect to security-based swaps that are still in the proposal stage or are expected to be introduced in the future.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DerivativesRiskSwapsRiskMember"
      id="Fact000165">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivatives Risk &#x2013; Swaps Risk. &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In a typical swap transaction, two parties agree
to exchange the return earned on a specified underlying reference for a fixed return or the return from another underlying reference during
a specified period of time. Swaps may be difficult to value and may be illiquid. Swaps could result in Fund losses if the underlying asset
or reference does not perform as anticipated. Swaps create significant investment leverage such that a relatively small price movement
in a swap may result in immediate and substantial losses to the Fund. The Fund may only close out a swap with its particular counterparty
and may only transfer a position with the consent of that counterparty. Certain swaps, such as short swap transactions and total return
swaps, have the potential for unlimited losses, regardless of the size of the initial position. Swaps can increase the Fund&#x2019;s risk
exposure to underlying references and their attendant risks, such as credit risk, market risk and interest rate risk, while potentially
exposing the Fund to leverage risk, counterparty risk (i.e., the risk of counterparty default on its obligations under the swap agreement),
illiquidity risk, valuation risk and volatility risk.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_DistressedAndDefaultedSecuritiesRiskMember"
      id="Fact000166">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Distressed and Defaulted Securities Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Investments in the securities of financially distressed
issuers are speculative and involve substantial risks. These securities may present a substantial risk of default or may be in default
at the time of investment. The Fund may incur additional expenses to the extent it is required to seek recovery upon a default in the
payment of principal or interest on its portfolio holdings. In any reorganization or liquidation proceeding relating to a portfolio company,
the Fund may lose its entire investment or may be required to accept cash or securities with a value less than its original investment.
Among the risks inherent in investments in a troubled entity is that it frequently may be difficult to obtain information as to the true
financial condition of such issuer. The Adviser&#x2019;s judgment about the credit quality of the issuer and the relative value and liquidity
of its securities may prove to be wrong. Distressed securities and any securities received in an exchange for such securities may be subject
to restrictions on resale.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_EquitySecuritiesRiskMember"
      id="Fact000167">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Equity Securities Risk &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund expects to buy and sell private and public
equity securities. The value of equity securities of public and private, listed and unlisted companies and equity derivatives generally
varies with the performance of the issuer and movements in the equity markets. As a result, the Fund may suffer losses if it invests in
equity instruments of issuers whose performance diverges from the Adviser&#x2019;s expectations or if equity markets generally move in
a single direction and the Fund has not hedged against such a general move. The Fund also may be exposed to risks that issuers will not
fulfill contractual obligations such as, in the case of convertible securities or private placements, delivering marketable common stock
upon conversions of convertible securities and registering restricted securities for public resale.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_EmergingMarketSecuritiesRiskMember"
      id="Fact000168">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Emerging Market Securities Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Securities issued by foreign governments or companies
in emerging market countries,&#160;such as&#160;China, Russia and certain countries in Eastern Europe, the Middle East, Asia, Latin America
or Africa, are more likely to have greater exposure to the risks of investing in foreign securities that are described in Foreign Securities
Risk. In addition, emerging market countries are more likely to experience instability resulting, for example, from rapid changes or developments
in social, political, economic or other conditions. Their economies are usually less mature and their securities markets are typically
less developed with more limited trading activity (&lt;i&gt;i.e.&lt;/i&gt;, lower trading volumes and less liquidity) than more developed countries.
Emerging market securities tend to be more volatile than securities in more developed markets. Many emerging market countries are heavily
dependent on international trade and have fewer trading partners, which makes them more sensitive to world commodity prices and economic
downturns in other countries. Some emerging market countries have a higher risk of currency devaluations, and some of these countries
may experience periods of high inflation or rapid changes in inflation rates and may have hostile relations with other countries.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_ExchangeTradedFundETFRiskMember"
      id="Fact000169">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Exchange Traded Fund (ETF) Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Investments in ETFs have unique characteristics,
including, but not limited to, the expense structure and additional expenses associated with investing in ETFs. An ETF&#x2019;s share price
may not track its specified market index (if any) and may trade below its NAV. Certain ETFs use a &#x201c;passive&#x201d; investment strategy
and do not take defensive positions in volatile or declining markets. Other ETFs in which the Fund may invest are actively managed ETFs
(i.e., they do not track a particular benchmark), which indirectly subjects the Fund to active management risk. An active secondary market
in an ETF&#x2019;s shares may not develop or be maintained and may be halted or interrupted due to actions by its listing exchange, unusual
market conditions or other reasons. There can be no assurance an ETF&#x2019;s shares will continue to be listed on an active exchange.
In addition, the Fund&#x2019;s shareholders bear both their proportionate share of the Fund&#x2019;s expenses and, indirectly, the ETF&#x2019;s
expenses, incurred through the Fund&#x2019;s ownership of the ETF. Because the expenses and costs of an underlying ETF are shared by its
investors, redemptions by other investors in the ETF could result in decreased economies of scale and increased operating expenses for
such ETF. These transactions might also result in higher brokerage, tax or other costs for the ETF. This risk may be particularly important
when one investor owns a substantial portion of the ETF.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Funds generally expect to purchase shares
of ETFs through broker-dealers in transactions on a securities exchange, and in such cases the Funds will pay customary brokerage commissions
for each purchase and sale. Shares of an ETF may also be acquired by depositing a specified portfolio of the ETF&#x2019;s underlying securities,
as well as a cash payment generally equal to accumulated dividends of the securities (net of expenses) up to the time of deposit, with
the ETF&#x2019;s custodian, in exchange for which the ETF will issue a quantity of new shares sometimes referred to as a &#x201c;creation
unit.&#x201d; Similarly, shares of an ETF purchased on an exchange may be accumulated until they represent a creation unit, and the creation
unit may be redeemed in-kind for a portfolio of the underlying securities (based on the ETF&#x2019;s NAV) together with a cash payment
generally equal to accumulated dividends as of the date of redemption. The Funds may redeem creation units for the underlying securities
(and any applicable cash), and may assemble a portfolio of the underlying securities (and any required cash) to purchase creation units.
The Funds&#x2019; ability to redeem creation units may be limited by the 1940 Act, which provides that ETFs, the shares of which are purchased
in reliance on Section 12(d)(1)(F) of the 1940 Act, will not be obligated to redeem such shares in an amount exceeding one percent of
their total outstanding securities during any period of less than 30 days.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_FailuresOfFuturesCommissionMerchantsAndClearingOrganizationsRiskMember"
      id="Fact000170">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Failures of Futures Commission Merchants and
Clearing Organizations Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is required to deposit funds to margin
open positions in cleared derivative instruments (both futures and swaps) with a clearing broker registered as a &#x201c;futures commission
merchant&#x201d; (&#x201c;FCM&#x201d;). The CEA requires an FCM to segregate all funds received from customers with respect to any orders
for the purchase or sale of U.S. domestic futures contracts and cleared swaps from the FCM&#x2019;s proprietary assets. Similarly, the
CEA requires each FCM to hold in a separate secure account all funds received from customers with respect to any orders for the purchase
or sale of foreign futures contracts and segregate any such funds from the funds received with respect to domestic futures contracts.
However, all funds and other property received by an FCM from its customers are held by an FCM on a commingled basis in an omnibus account
and amounts in excess of assets posted to the clearing organization may be invested by an FCM in certain instruments permitted under the
applicable regulation. There is a risk that assets deposited by the Fund with any FCM as margin for futures contracts may, in certain
circumstances, be used to satisfy losses of other clients of the Fund&#x2019;s FCM. In addition, the assets of the Fund posted as margin
against both swaps and futures contracts may not be fully protected in the event of the FCM&#x2019;s bankruptcy.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_ForeignSecuritiesRiskMember"
      id="Fact000171">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Foreign Securities Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Investments in or exposure to foreign securities
involve certain risks not associated with investments in or exposure to securities of U.S. companies. For example, foreign markets can
be extremely volatile. Foreign securities may also be less liquid,&#160;making them more difficult to trade, than securities of U.S. companies
so that the Fund may, at times, be unable to sell foreign securities at desirable times or prices. Brokerage commissions, custodial costs
and other fees are also generally higher for foreign securities. The Fund may have limited or no legal recourse in the event of default
with respect to certain foreign securities, including those issued by foreign governments. In addition, foreign governments may impose
withholding or other taxes on the Fund&#x2019;s income, capital gains or proceeds from the disposition of foreign securities, which could
reduce the Fund&#x2019;s return on such securities. In some cases, such withholding or other taxes could potentially be confiscatory. Other
risks include: possible delays in the settlement of transactions or in the payment of income; generally less publicly available information
about foreign companies; the impact of economic, political, social, diplomatic or other conditions or events (including, for example,
military confrontations, war, terrorism and disease/virus outbreaks and epidemics), possible seizure, expropriation or nationalization
of a company or its assets or the assets of a particular investor or category of investors; accounting, auditing and financial reporting
standards that may be less comprehensive and stringent than those applicable to domestic companies; the imposition of economic and other
sanctions against a particular foreign country, its nationals or industries or businesses within the country; and the generally less stringent
standard of care to which local agents may be held in the local markets. In addition, it may be difficult to obtain reliable information
about the securities and business operations of certain foreign issuers. Governments or trade groups may compel local agents to hold securities
in designated depositories that are not subject to independent evaluation. The less developed a country&#x2019;s securities market is,
the greater the level of risks.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The risks posed by sanctions against a particular
foreign country, its nationals or industries or businesses within the country may be heightened to the extent the Fund invests significantly
in the affected country or region or in issuers from the affected country that depend on global markets. Additionally, investments in
certain countries may subject the Fund to a number of tax rules, the application of which may be uncertain. Countries may amend or revise
their existing tax laws, regulations and/or procedures in the future, possibly with retroactive effect. Changes in or uncertainties regarding
the laws, regulations or procedures of a country could reduce the after-tax profits of the Fund, directly or indirectly, including by
reducing the after-tax profits of companies located in such countries in which the Fund invests, or result in unexpected tax liabilities
for the Fund. The performance of the Fund may also be negatively affected by fluctuations in a foreign currency's strength or weakness
relative to the U.S. dollar, particularly&#160;to the extent&#160;the Fund invests a significant percentage of its assets in foreign securities
or other assets denominated in currencies other than the U.S. dollar. Currency rates in foreign countries may fluctuate significantly
over short or long periods of time for a number of reasons, including changes in interest rates, imposition of currency exchange controls
and economic or political developments in the U.S. or abroad. The Fund may also incur currency conversion costs when converting foreign
currencies into U.S. dollars and vice versa.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_FrequentTradingRiskMember"
      id="Fact000172">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Frequent Trading Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The portfolio managers may actively and frequently
trade investments in the Fund's portfolio to carry out its investment strategies. Frequent trading of investments increases the possibility
that the Fund, as relevant, will realize taxable capital gains (including short-term capital gains, which are generally taxable to shareholders
at higher rates than long-term capital gains for U.S. federal income tax purposes), which could reduce the Fund's after-tax return. Frequent
trading can also mean higher brokerage and other transaction costs, which could reduce the Fund's return. The trading costs and tax effects
associated with portfolio turnover may adversely affect the Fund&#x2019;s performance.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_GovernmentInterventionsRiskMember"
      id="Fact000173">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Government Interventions Risk &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Extreme volatility and illiquidity in markets
has in the past led to, and may in the future lead to, extensive governmental interventions in equity, debt, credit and currency markets.
Generally, such interventions are intended to reduce volatility and precipitous drops in value. In certain cases, governments have intervened
on an "emergency" basis, suddenly and substantially eliminating market participants' ability to continue to implement certain
strategies or manage the risk of their outstanding positions. In addition, these interventions have typically been unclear in scope and
application, resulting in uncertainty. It is impossible to predict when these restrictions will be imposed, what the interim or permanent
restrictions will be and/or the effect of such restrictions on the Fund's strategies.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_HedgingTransactionsMember"
      id="Fact000174">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Hedging Transactions&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may utilize financial instruments, both
for investment purposes and for risk management purposes in order to (i) protect against possible changes in the market value of the Fund's
investment portfolio resulting from fluctuations in the securities markets and changes in interest rates; (ii) protect the Fund's unrealized
gains in the value of the Fund's investment portfolio; (iii) facilitate the sale of any such investments; (iv) enhance or preserve returns,
spreads or gains on any investment in the Fund's portfolio; (v) hedge the interest rate or currency exchange rate on any of the Fund's
liabilities or assets; (vi) protect against any increase in the price of any securities the Fund anticipates purchasing at a later date
or (vii) for any other reason that the Adviser deems appropriate.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The success of the Fund's hedging strategy will
depend, in part, upon the Adviser&#x2019;s ability to correctly assess the degree of correlation between the performance of the instruments
used in the hedging strategy and the performance of the portfolio investments being hedged. Since the characteristics of many securities
change as markets change or time passes, the success of the Fund's hedging strategy will also be subject to the Adviser's ability to continually
recalculate, readjust and execute hedges in an efficient and timely manner. While the Fund may enter into hedging transactions to seek
to reduce risk, such transactions may result in a poorer overall performance for the Fund than if it had not engaged in such hedging transactions.
For a variety of reasons, the Adviser may not seek to establish a perfect correlation between the hedging instruments utilized and the
portfolio holdings being hedged. Such an imperfect correlation may prevent the Fund from achieving the intended hedge or expose the Fund
to risk of loss. The Adviser may not hedge against a particular risk because it does not regard the probability of the risk occurring
to be sufficiently high as to justify the cost of the hedge, or because it does not foresee the occurrence of the risk. The successful
utilization of hedging and risk management transactions requires skills complementary to those needed in the selection of the Fund's portfolio
holdings.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_HighYieldInvestmentsRiskMember"
      id="Fact000175">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;High-Yield Investments Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Securities and other debt instruments held by
the Fund that are rated below investment grade (commonly called &#x201c;high-yield&#x201d; or &#x201c;junk&#x201d; bonds) and unrated debt
instruments of comparable quality tend to be more sensitive to credit risk than higher-rated debt instruments and may experience greater
price fluctuations in response to perceived changes in the ability of the issuing entity or obligor to pay interest and principal when
due than to changes in interest rates. These investments are generally more likely to experience a default than higher-rated debt instruments.
High-yield debt instruments are considered to be predominantly speculative with respect to the issuer&#x2019;s capacity to pay interest
and repay principal. These debt instruments typically pay a premium &#x2013; a higher interest rate or yield &#x2013; because of the increased
risk of loss, including default. High-yield debt instruments may require a greater degree of judgment to establish a price, may be difficult
to sell at the time and price the Fund desires, may carry high transaction costs, and also are generally less liquid than higher-rated
debt instruments. The ratings provided by third party rating agencies are based on analyses by these ratings agencies of the credit quality
of the debt instruments and may not take into account every risk related to whether interest or principal will be timely repaid. In adverse
economic and other circumstances, issuers of lower-rated debt instruments are more likely to have difficulty making principal and interest
payments than issuers of higher-rated debt instruments.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_IlliquidInvestmentsRiskMember"
      id="Fact000176">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Illiquid Investments Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may invest in securities, bank debt,
private funds and companies, other assets and/or third-party managers and other claims, which are subject to legal or other restrictions
on transfer or for which no liquid market exists. The market prices, if any, for such investments tend to be volatile and may not be readily
ascertainable, and the Fund may not be able to execute a buy or sell order on exchanges at the desired price or to liquidate an open position
due to market conditions, including the operation of daily price fluctuation limits. The sale of restricted and illiquid securities often
requires more time and results in higher brokerage charges or dealer discounts and other selling expenses than does the sale of securities
eligible for trading on national securities exchanges or in the over-the-counter markets. The Fund may not be able to readily dispose
of such illiquid investments and, in some cases, may be contractually prohibited from disposing of such investments for a specified period
of time. If trading on an exchange is suspended or restricted, the Fund may not be able to execute trades or close out positions on terms
that the Adviser believes are desirable. Realization of value from such investments may be difficult in the short-term, or may have to
be made at a substantial discount compared to other freely tradable investments. An investment in the Fund is suitable only for certain
sophisticated investors who do not require immediate liquidity for their investments.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_InflationRiskMember"
      id="Fact000177">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Inflation Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Inflation risk is the risk that the value of assets
or income from investment will be worth less in the future, as inflation decreases the value of money. As inflation increases, the real
value of the common shares and distributions on those shares can decline. In addition, during any periods of rising inflation, interest
rates on any borrowings by the Fund would likely increase, which would tend to further reduce returns to the holders of common shares.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_InflationIndexedBondsRiskMember"
      id="Fact000178">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Inflation-Indexed Bonds Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund may invest in inflation-indexed bonds,
which are fixed-income securities or other instruments whose principal value is periodically adjusted according to the rate of inflation.
Two structures are common. The U.S. Treasury and some other issuers use a structure that accrues inflation into the principal value of
the bond. Most other issuers pay out the Consumer Price Index (&#x201c;CPI&#x201d;) accruals as part of a semi-annual coupon.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Inflation-indexed securities issued by the U.S.
Treasury have maturities of five, ten or thirty years, although it is possible that securities with other maturities will be issued in
the future. The U.S. Treasury securities pay interest on a semi-annual basis, equal to a fixed percentage of the inflation-adjusted principal
amount. For example, if the Fund purchased an inflation-indexed bond with a par value of $1,000 and a 3% real rate of return coupon (payable
1.5% semi-annually), and inflation over the first six months was 1%, the mid-year par value of the bond would be $1,010 and the first
semiannual interest payment would be $15.15 ($1,010 times 1.5%). If inflation during the second half of the year resulted in the whole
year&#x2019;s inflation equaling 3%, the end-of-year par value of the bond would be $1,030 and the second semi-annual interest payment
would be $15.45 ($1,030 times 1.5%).&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;If the periodic adjustment rate measuring inflation
falls, the principal value of inflation-indexed bonds will be adjusted downward, and, consequently, the interest payable on these securities
(calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted
for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds, even during a period of deflation. However, the current
market value of the bonds is not guaranteed, and will fluctuate. The Fund may also invest in other inflation related bonds which may or
may not provide a similar guarantee. If a guarantee of principal is not provided, the adjusted principal value of the bond repaid at maturity
may be less than the original principal. In addition, if the Fund purchases inflation-indexed bonds offered by foreign issuers, the rate
of inflation measured by the foreign inflation index may not be correlated to the rate of inflation in the United States.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The value of inflation-indexed bonds is expected
to change in response to changes in real interest rates. Real interest rates, in turn, are tied to the relationship between nominal interest
rates and the rate of inflation. Therefore, if inflation were to rise at a faster rate than nominal interest rates, real interest rates
might decline, leading to an increase in value of inflation-indexed bonds. In contrast, if nominal interest rates increased at a faster
rate than inflation, real interest rates might rise, leading to a decrease in value of inflation-indexed bonds. There can be no assurance,
however, that the value of inflation-indexed bonds will be directly correlated to changes in interest rates.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;While these securities are expected to be protected
from long-term inflationary trends, short-term increases in inflation may lead to a decline in value. If interest rates rise due to reasons
other than inflation (for example, due to changes in currency exchange rates), investors in these securities may not be protected to the
extent that the increase is not reflected in the bond&#x2019;s inflation measure.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;In general, the measure used to determine the
periodic adjustment of U.S. inflation-indexed bonds is the Consumer Price Index for Urban Consumers (&#x201c;CPI-U&#x201d;), which is calculated
monthly by the U.S. Bureau of Labor Statistics. The CPI-U is a measurement of changes in the cost of living, made up of components such
as housing, food, transportation and energy. Inflation-indexed bonds issued by a foreign government are generally adjusted to reflect
a comparable inflation index, calculated by that government. There can be no assurance that the CPI-U or any foreign inflation index will
accurately measure the real rate of inflation in the prices of goods and services. Moreover, there can be no assurance that the rate of
inflation in a foreign country will be correlated to the rate of inflation in the United States.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Any increase in the principal amount of an inflation-indexed
bond will be considered taxable ordinary income, even though investors do not receive their principal until maturity.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_InformationTechnologySystemsRiskMember"
      id="Fact000179">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Information Technology Systems Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is dependent on the Adviser for certain
management services as well as back-office functions. The Adviser depends on information technology systems in order to assess investment
opportunities, strategies and markets and to monitor and control risks for the Fund. It is possible that a failure of some kind which
causes disruptions to these information technology systems could materially limit the Adviser&#x2019;s ability to adequately assess and
adjust investments, formulate strategies and provide adequate risk control. Any such information technology-related difficulty could harm
the performance of the Fund. Further, failure of the back-office functions of the Adviser to process trades in a timely fashion could
prejudice the investment performance of the Fund.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_InterestRatesRiskMember"
      id="Fact000180">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Interest Rate Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Interest rate risk is the risk of losses attributable
to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest
rates fall, the values of debt instruments tend to rise. Changes in the value of a debt instrument usually will not affect the amount
of income the Fund receives from it but will generally affect the value of your investment in the Fund. Changes in interest rates may
also affect the liquidity of the Fund&#x2019;s investments in debt instruments. In general, the longer the maturity or duration of a debt
instrument, the greater its sensitivity to changes in interest rates. Interest rate declines also may increase prepayments of debt obligations,
which, in turn, would increase prepayment risk (the risk that the Fund will have to reinvest the money received in securities that have
lower yields). Very low or negative interest rates may prevent the Fund from generating positive returns and may increase the risk that,
if followed by rising interest rates, the Fund&#x2019;s performance will be negatively impacted. The Fund is subject to the risk that the
income generated by its investments may not keep pace with inflation. Actions by governments and central banking authorities can result
in increases in interest rates. Such actions may negatively affect the value of debt instruments held by the Fund, resulting in a negative
impact on the Fund's performance and NAV. Any interest rate increases could cause the value of the Fund&#x2019;s investments in debt instruments
to decrease. Rising interest rates may prompt redemptions from the Fund, which may force the Fund to sell investments at a time when it
is not advantageous to do so, which could result in losses.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_IssuerRiskMember"
      id="Fact000181">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Issuer Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;An issuer in which the Fund invests or to which
it has exposure may perform poorly or below expectations, and the value of its securities may therefore decline, which may negatively
affect the Fund&#x2019;s performance. Underperformance of an issuer may be caused by poor management decisions, competitive pressures,
breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural
disasters, military confrontations, war, terrorism, disease/virus outbreaks,&#160;epidemics or other events, conditions and factors which
may impair the value of an investment in the Fund&#160;and could result in increased premiums or discounts to the Fund&#x2019;s net asset
value.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_InvestmentCompanyActRegulationsRiskMember"
      id="Fact000182">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Investment Company Act Regulations Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund is a registered closed-end management
investment company and as such is subject to regulations under the Investment Company Act. Generally speaking, any contract or provision
thereof that is made, or where performance involves a violation of the Investment Company Act or any rule or regulation thereunder is
unenforceable by either party unless a court finds otherwise.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_LegalTaxAndRegulatoryRisksMember"
      id="Fact000183">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Legal, Tax and Regulatory Risks&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Legal, tax and regulatory changes could occur
that may have material adverse effects on the Fund.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;To qualify for the favorable U.S. federal income
tax treatment generally accorded to RICs, the Fund must, among other things, derive in each taxable year at least 90% of its gross income
from certain prescribed sources and distribute for each taxable year at least 90% of its &#x201c;investment company taxable income&#x201d;
(generally, ordinary income plus the excess, if any, of net short-term capital gain over net long-term capital loss). If for any taxable
year the Fund does not qualify as a RIC, all of its taxable income for that year (including its net capital gain) would be subject to
tax at regular corporate rates without any deduction for distributions to shareholders, and such distributions would be taxable as ordinary
dividends to the extent of the Fund&#x2019;s current and accumulated earnings and profits.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The current presidential administration has called
for significant changes to U.S. fiscal, tax, trade, healthcare, immigration, foreign, and government regulatory policy. In this regard,
there is significant uncertainty with respect to legislation, regulation and government policy at the federal level, as well as the state
and local levels. Recent events have created a climate of heightened uncertainty and introduced new and difficult-to-quantify macroeconomic
and political risks with potentially far-reaching implications. There has been a corresponding meaningful increase in the uncertainty
surrounding interest rates, inflation, foreign exchange rates, trade volumes and fiscal and monetary policy. To the extent the U.S. Congress
or the current presidential administration implements changes to U.S. policy, those changes may impact, among other things, the U.S. and
global economy, international trade and relations, unemployment, immigration, corporate taxes, healthcare, the U.S. regulatory environment,
inflation and other areas. Although the Fund cannot predict the impact, if any, of these changes to the Fund&#x2019;s business, they could
adversely affect the Fund&#x2019;s business, financial condition, operating results and cash flows. Until the Fund knows what policy changes
are made and how those changes impact the Fund&#x2019;s business and the business of the Fund&#x2019;s competitors over the long term, the
Fund will not know if, overall, the Fund will benefit from them or be negatively affected by them.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The rules dealing with U.S. federal income taxation
are constantly under review by persons involved in the legislative process and by the Internal Revenue Service and the U.S. Treasury Department.
Revisions in U.S. federal tax laws and interpretations of these laws could adversely affect the tax consequences of your investment.&lt;/p&gt;

</cef:RiskTextBlock>
    <cef:RiskTextBlock
      contextRef="From2025-07-032025-07-03_custom_LeverageRiskMember"
      id="Fact000184">

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Leverage Risk&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;&#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The Fund uses leverage through direct borrowings
(e.g., through its Facility) and through any of the financial instruments described herein, including derivative instruments (such as
options and swaps), which are inherently leveraged and trading in products with embedded leverage such as short sales and forwards. The
instruments and borrowings utilized by the Fund to leverage investments are typically collateralized by the Fund&#x2019;s portfolio.&lt;/p&gt;




&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;The use of leverage will magnify the volatility
of changes in the value of the investments of the Fund. Accordingly, any event which adversely affects the value of an investment would
be magnified to the extent the investment is leveraged. The cumulative effect of the use of leverage by the Fund in a market that moves
adversely to its investments could result in substantial losses to the Fund, which would be greater than if the Fund was not leveraged.&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&#160;&lt;/p&gt;

&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;While leverage increases the buying power of the
Fund and presents opportunities for increasing total returns, it has the effect of potentially increasing losses as well. For example,
funds borrowed for leveraging will be subject to interest, transaction and other costs, and other types of leverage also involve transaction
and other costs. Any such costs may or may not be recovered by the return on the Fund&#x2019;s portfolio. Leverage will increase the investment
return of the Fund if an investment purchased with or utilizing leverage earns a greater return than the cost to the Fund of such leverage.
The use of leverage will decrease the investment return if the Fund fails to recover the cost of such leverage.&lt;/p&gt;

</cef:RiskTextBlock>
    <link:footnoteLink
      xlink:role="http://www.xbrl.org/2003/role/link"
      xlink:type="extended">
        <link:loc
          xlink:href="#Fact000050"
          xlink:label="Fact000050"
          xlink:type="locator"/>
        <link:footnote id="Footnote000064" xlink:label="Footnote000064" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">If the common shares are sold to or through underwriters, the Prospectus Supplement will set forth any
applicable sales load and the estimated offering expenses. Fund shareholders will pay all offering expenses involved with an offering.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact000050"
          xlink:to="Footnote000064"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact000051"
          xlink:label="Fact000051"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact000051"
          xlink:to="Footnote000064"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact000052"
          xlink:label="Fact000052"
          xlink:type="locator"/>
        <link:footnote id="Footnote000065" xlink:label="Footnote000065" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">The Program Administrator&#x2019;s (as defined below under &#x201c;Reinvestment Program&#x201d;) fees for
the handling of the reinvestment of dividends will be paid by the Fund. However, you will pay a 3 cents per share fee incurred in connection
with open-market purchases, which will be deducted from the value of the dividend. You will not be charged a sales fee if you direct the
Program Administrator to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage
commissions the Program Administrator is required to pay..</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact000052"
          xlink:to="Footnote000065"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact000053"
          xlink:label="Fact000053"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact000053"
          xlink:to="Footnote000065"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact000057"
          xlink:label="Fact000057"
          xlink:type="locator"/>
        <link:footnote id="Footnote000066" xlink:label="Footnote000066" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">The Fund currently pays the Adviser a monthly fee at an annual contractual investment management fee rate
of 1.05% of the average daily value of the Fund&#x2019;s Managed Assets. For purposes of calculating these fees, &#x201c;Managed Assets&#x201d;
means the Fund&#x2019;s average daily gross asset value, minus the sum of the Fund&#x2019;s accrued and unpaid dividends on any outstanding
preferred shares and accrued liabilities (other than liabilities for the principal amount of any borrowings incurred, commercial paper
or notes issued by the Fund and the liquidation preference of any outstanding preferred shares).</link:footnote>
        <link:footnote id="Footnote000067" xlink:label="Footnote000067" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">The Fund and the Adviser have entered into an expense limitation agreement (the &#x201c;Expense Limitation
Agreement&#x201d;), pursuant to which the Adviser has contractually agreed to limit expenses, excluding interest, taxes, investor relations
services, other investment-related costs, leverage expenses, extraordinary expenses, other expenses not incurred in the ordinary course
of the Fund&#x2019;s business, and expenses of counsel or other persons or services retained by the Fund&#x2019;s trustees who are not interested
persons, to 1.05% of Managed Assets plus 0.30% of average daily net assets. For the year ended October 31, 2024, $982,139 of fees were
waived and reimbursed. The Adviser may, at a later date, recoup from the Fund the fees waived and/or other expenses reimbursed by the
Adviser during the previous 36 months, but only if, after such recoupment, the Fund&#x2019;s expense ratio does not exceed the percentage
described above. For the year ended October 31, 2024, none of the fees were recouped. The current Expense Limitation Agreement will expire
on July 1, 2025 and automatically renews for one-year terms. Termination or modification of the Expense Limitation Agreement requires
approval of the Board.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact000057"
          xlink:to="Footnote000067"
          xlink:type="arc"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact000057"
          xlink:to="Footnote000066"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact000063"
          xlink:label="Fact000063"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact000063"
          xlink:to="Footnote000067"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact000058"
          xlink:label="Fact000058"
          xlink:type="locator"/>
        <link:footnote id="Footnote000068" xlink:label="Footnote000068" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">The Fund has entered into a $125 million Credit Facility with TD Bank effective on July 20, 2021 (the
&#x201c;Facility&#x201d;) which matures on January 20, 2026. As of April 30, 2025, the Fund had $45 million outstanding drawn under the
Facility.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact000058"
          xlink:to="Footnote000068"
          xlink:type="arc"/>
    </link:footnoteLink>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
